Business


Beer rationing begins after carbon dioxide crisis hits Europe Beer rationing begins after carbon dioxide crisis hits Europe
- June 29, 2018

The country's largest wholesaler Booker said it was limiting sales to 10 cases of beer and five cases of cider and soft drinks per customer per day to prevent "sub-wholesaling". "However, recently we've had some trouble obtaining dry ice from our suppliers due to a European shortage of CO2". Wetherspoons spokesman, Eddie Gershon said Heineken had been in contact due to their "issues with Carbon dioxide and that is likely to affect the supply and availability of certain beers and ciders". (more...)
Trump joins Taiwan's tycoon Terry Gou at Wisconsin Foxconn plant ceremony
- June 29, 2018

Please build those handsome motorcycles in the United States of America please". Don't get cute with us. "Don't get cute. They don't realize the tax is coming way down", Trump said on stage. President Donald Trump and Wisconsin Gov. Scott Walker have grabbed a pair of golden shovels and moved piles of dirt under the hot June sun as part of a ceremonial groundbreaking for the Foxconn Technology Group project. (more...)
Indians' money in Swiss banks rises 50% in one year Indians' money in Swiss banks rises 50% in one year
- June 29, 2018

CNN-News18 (formerly known as CNN-IBN) has been the world's window to India and India's window to the world. That apart, SNB's official figures do not include the money that Indians, NRIs or others might have in Swiss banks in the names of entities from different countries. (more...)
Boeing's hypersonic concept can fly from NYC to Tokyo in 2 hrs Boeing's hypersonic concept can fly from NYC to Tokyo in 2 hrs
- June 29, 2018

Should such an aircraft be created to Mach 5 specifications, it would be able to zoom between London and NY in just an hour (rather than the current standard seven). To everyone's curiosity of "how this Boeing jet design will be able to reach at this phenomenal speed?", Kevin Bowcutt , Boeing's Senior Technical Fellow of Hypersonics said, "the craft uses a specific type of engine known as a ramjet, a staple of many hypersonic vehicle designs". (more...)
Facebook to buy Coinbase after eliminating The Crypto Ban Facebook to buy Coinbase after eliminating The Crypto Ban
- June 29, 2018

He said Facebook had "looked at the best way to refine this policy - to allow some ads while also working to ensure that they're safe". Speaking to journalists via videoconference, Rob Leathern, a director of product management on the Facebook advertising team, noted that this is in addition to the "proactive" reviewing, performed both by humans and artificial intelligence, that Facebook already performs on every ad. (more...)
Facebook, Google and Microsoft mislead users into sharing data, report says Facebook, Google and Microsoft mislead users into sharing data, report says
- June 29, 2018

Eight consumer advocacy groups are now calling on the Federal Trade Commission to "investigate the misleading and manipulative tactics of Google and Facebook in steering users to 'consent to privacy-invasive default settings". And it implies there's something unethical about depriving those forced to use screen readers of image descriptions, a practice known as " confirmshaming ". (more...)
China Defends Record, Seeks to Head Off Looming Trade War China Defends Record, Seeks to Head Off Looming Trade War
- June 29, 2018

Dow futures were flat while futures for the S&P 500, which on Wednesday closed at its lowest in almost a month, were up less than 0.1 percent. China's Shanghai Composite index was gaining 0.2 percent, erasing early losses while the yuan fell on concerns about the economic outlook. (more...)
Nearly All Adult Americans’ Personal Data Exposed by a Data Mining Firm Nearly All Adult Americans’ Personal Data Exposed by a Data Mining Firm
- June 29, 2018

A massive trove of consumer data containing information on as many as 230 million consumers and 110 million businesses may have been exposed by US marketing firm Exactis. The data leak is noteworthy not only for its breadth, but also for the depth of information the records have on people. Wired confirmed the authenticity of the data, though noted that it was in some cases out of date or inaccurate. (more...)
This App With 200 Million Users Is Launching a Cryptocurrency Exchange
- June 29, 2018

These being Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, which should go without saying. Notably, the exchange won't offer services to residents in Japan and the US - a likely nod to the regulatory realities of working in those markets. LINE is Japan's biggest messaging service used by some 70 million active Japanese users. "Line strives to create and provide innovative financial services unique to LINE in order to close the distance between people and money", the company wrote. (more...)
Japanese Messaging Giant Line to Open Cryptocurrency Exchange in Singapore
- June 29, 2018

The exchange will handle 30 or more cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Notably, the exchange won't offer services to residents in Japan and the USA - a likely nod to the regulatory realities of working in those markets. (more...)
Bank of America Raising Dividend to 60 Cents a Share Bank of America Raising Dividend to 60 Cents a Share
- June 29, 2018

The glaring exception was Deutsche Bank (DB), which has stumbled repeatedly in recent years . Regulators said that the capital levels of both Goldman Sachs and Morgan Stanley would fall below regulator minimums in the Fed's theoretical stress scenario if they increased capital distributions. (more...)
JetBlue radio glitch, pilot's error spark hijacking scare at NY airport JetBlue radio glitch, pilot's error spark hijacking scare at NY airport
- June 29, 2018

After about five minutes passed, the plane sent out a hijack code notifying air traffic control that there was a security threat onboard, the New York Daily News reported. (Twitter) Flight 1623 was stormed by heavily armed police after the false hijacking alarm was sent out. "I just wish they had been more vocal about it". (more...)
Ticketmaster has been hacked Ticketmaster has been hacked
- June 29, 2018

But, as a precaution, it said it had also informed global customers who had purchased or attempted to purchase tickets between September 2017 and 23 June 2018. It says it's working with authorities, credit card companies and banks. The company added that North American customers were not affected. Bleeping Computer has inquired if the security incident might have affected some of Inbenta's other customers. (more...)
Russian energy minister met US Treasury's Mnuchin on sanctions and energy issues Russian energy minister met US Treasury's Mnuchin on sanctions and energy issues
- June 29, 2018

Novak did not say what he and Mnuchin discussed about the sanctions, but he was quoted by TASS as saying they will "keep in touch" on the matter. Novak said Russian Federation and the United States have great potential for cooperation in the gas sector. (more...)
Instagram Lite launches for data-conscious photo takers Instagram Lite launches for data-conscious photo takers
- June 29, 2018

Instagram wants to extend its global domination with a new lightweight app optimized for cheaper, less powerful phones: The company released a new Instagram Lite Android app on Google Play Wednesday, which takes up just 573 Kilobytes of storage space, compared to the 30 Megabytes the regular Instagram app consumes. (more...)
Move Over UPS Truck: Amazon Delivery Vans To Hit Streets Move Over UPS Truck: Amazon Delivery Vans To Hit Streets
- June 29, 2018

Parisa Sadrzadeh, a senior manager of logistics for Amazon.com, opens the door of an Amazon-branded delivery van, Wednesday, June 27, 2018, in Seattle, following a media event for Amazon to announce a new program that lets entrepreneurs around the country launch businesses that deliver Amazon packages. (more...)
Auto lobby says Trump tariffs are $45B tax on consumers Auto lobby says Trump tariffs are $45B tax on consumers
- June 28, 2018

Trump tweeted, "Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20 percent tariff on all of their cars coming into the U.S. (more...)
USA sends mixed signals over China investment restrictions USA sends mixed signals over China investment restrictions
- June 28, 2018

US Secretary of Defence James Mattis will make his first visit to China this week amid rising tensions between the two countries but also a deep need for Beijing's support in nuclear talks with North Korea. China has stolen intellectual property, skewed their trade policies against and US and generally gotten away with murder. "One generally finds losers on both sides". (more...)
Britain should delay Brexit to avoid no-deal scenario, Tony Blair says Britain should delay Brexit to avoid no-deal scenario, Tony Blair says
- June 28, 2018

The timing means she won't be able to watch England's World Cup match against Belgium, although she was presented with a Belgian shirt by the country's prime minister Charles Michel. "We're 27 member states, the United Kingdom is one country, we're 500 million people, the United Kingdom is 60 million, so that basic fact needs to be realised and understood", Mr Varadkar said. (more...)
Amazon wants entrepreneurs to deliver their packages
- June 28, 2018

To do so, the web retailer is encouraging people to start their own delivery businesses. If accepted, the candidate will then be able to lease Prime-branded vehicles, gain access to Amazon's "sophisticated delivery technology" and take control of recruiting and hiring drivers. (more...)
'Justin, what's your problem, Justin?': Trump mocks Trudeau in rambling attack 'Justin, what's your problem, Justin?': Trump mocks Trudeau in rambling attack
- June 28, 2018

The NATO summit will take place in Brussels, Belgium, on July 11-12. "I made some changes in this ridiculous thing that everybody agreed to sign..." But that wasn't the case at the rally on Monday night. North Atlantic Treaty Organisation estimated the United States spent 3.57 per cent of its GDP on defence a year ago, while Canada's expenditure for defence equalled about 1.29 per cent of its GDP. (more...)
Move over UPS truck: Amazon launches its own delivery service Move over UPS truck: Amazon launches its own delivery service
- June 28, 2018

The company expects that, over time, hundreds of small business owners will hire tens of thousands of delivery drivers across the US, it says. Amazon says that entrepreneurs who start a delivery company under their program have the potential to earn $75,000-$300,000 in annual profit operating 20 to 40 delivery vehicles. (more...)
If you make $100K in San Francisco you are considered low income If you make $100K in San Francisco you are considered low income
- June 28, 2018

Not only is the low-income gauge the highest such limit in the country, but it represents a 10% increase over a year ago, per the San Jose Mercury News . The formula takes into account an area's median family income, as well as its housing costs. Michael Santero, director of asset management for San Jose's First Community Housing, told the Marin Independent Journal that waitlists for affordable housing are often years-long and people rarely leave the homes once they are acquired. (more...)
Rupee hits new low, breaches 69 for first time Rupee hits new low, breaches 69 for first time
- June 28, 2018

There is "risk off" environment as investors are waiting to see the next development in the trade tussle involving the United States and China. The Indian currency weakened to 68.9100 per USA dollar Thursday, past its previous record of 68.8650 reached in November 2016. (more...)
China lifts ban on import of British beef
- June 28, 2018

Chancellor Philip Hammond, who is visiting China this week, tweeted: "This is great news for British farmers". Hammond at the meeting said Britain wanted "a substantially deeper economic and financial trade relationship between the United Kingdom and China". (more...)

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