Business


'Bag rage' as Australia supermarkets impose plastic ban 'Bag rage' as Australia supermarkets impose plastic ban
- July 02, 2018

Australian retail chains including Woolworths are removing single-use plastic bags from their stores. Retailers in four of six Australian states now face fines for using them. He said the ban could also pose a health risk, with people bringing filthy used bags to pack their shopping without considering hygiene issues. As well as complaints about the cost of bags, the union said customers are pressuring staff to overload the reusable bags so fewer are required and to handle unhygienic bags ... (more...)
10 lakh traders to protest against Flipkart-Walmart deal today 10 lakh traders to protest against Flipkart-Walmart deal today
- July 02, 2018

The retail giant has given itself time till June 7, 2019, to close the deal, failing which it'll have to pay significant penalties. It was in June that Walmart started the process of selling $16 Bn worth bonds (offering fixed and floating rate notes in nine parts) to complete its 77% acquisition of Flipkart. (more...)
Elon Musk Hails Tesla Reaching Goal Of 5000 Model 3s A Week Elon Musk Hails Tesla Reaching Goal Of 5000 Model 3s A Week
- July 02, 2018

Having blamed delays on "excessive automation" and being forced to conduct several shutdowns to correct issues, Tesla built a large, semi-permanent tent at the factory to house another assembly line. Tesla did not immediately return a request for comment, but it confirmed the email's contents to Reuters. The latest Model 3 VIN registrations come amid Tesla's announcement that it has effectively hit a production rate of 5,000 Model 3 per week. (more...)
Defeat to Belgium sets up England's 'biggest game for decade,' says Southgate Defeat to Belgium sets up England's 'biggest game for decade,' says Southgate
- July 02, 2018

He's provided a huge threat from set pieces, too. "Some outstanding individual players but we feel we are a team that is improving". "The aim is to take it to another level", he said. 1 striker-specific coach", has been attributed to Southgate's desire to make the most of set plays like in the National Football League and NBA. He said: "I'm happy the manager kept me on". (more...)
Restaurant Manager Fired for Refusing to Serve MAGA Hat Customer Restaurant Manager Fired for Refusing to Serve MAGA Hat Customer
- July 02, 2018

She says the manager, identified on the Teahouse's website as Darin Hodge , told the patron he had to take off his hat if he wanted to be served. An oversight body said wearing the hat constituted an "inexplicable act of judicial misconduct". (more...)
Notable Stock Analysts Ratings Constellation Brands Inc. (STZ) Notable Stock Analysts Ratings Constellation Brands Inc. (STZ)
- July 02, 2018

Veritable L P reported 2,956 shs stake. The stock outperformed the S&P 500 by 7.79%. 860 are held by Welch Lc. (NYSE: STZ ). Missouri-based American Century has invested 0.35% in Constellation Brands, Inc . Among 11 analysts covering Constellation Brands Inc (NYSE:STZ), 9 have Buy rating, 0 Sell and 2 Hold. Тherefore 82% are bullish. 13 are the (NYSE:STZ)'s analyst reports since January 4, 2018 according to StockzIntelligence Inc. (more...)
Facebook had data-sharing partnership with 52 tech firms Facebook had data-sharing partnership with 52 tech firms
- July 02, 2018

Not all of the companies are device makers; some make operating systems or other software. Facebook said in the documents it has ended 38 of the partnership and plans to discontinue seven more by the end of July. The first, of roughly 500 pages, was furnished earlier this month to the Senate Judiciary Committee and the Senate Commerce Committee. It didn't say repeatedly why Facebook didn't audit apps like the one at the heart of the Cambridge Analytica controversy years before it became ... (more...)
Trump on trade: European Union 'possibly as bad as China'
- July 02, 2018

The EU's letter reportedly said that it has not yet decided on countermeasures to possible auto tariffs, but said it is "likely" to apply them to "a significant volume of trade" in the event Trump imposes such tariffs. Nations have begun retaliating. On Friday, Canada struck back at US steel and aluminum tariffs, vowing to impose punitive measures on $12.6 billion worth of American goods until Washington relents. (more...)
Tesco and Carrefour join forces to keep prices down Tesco and Carrefour join forces to keep prices down
- July 02, 2018

The traditional big four United Kingdom supermarket chains - Tesco, Sainsbury's, Asda and Morrisons - have faced increasing competition from the rapidly-expanding budget chains Lidl and Aldi over the past few years, and there is now the added threat of internet giant Amazon moving into the sector. (more...)
Thyssenkrupp, Tata Steel sign European merger deal Thyssenkrupp, Tata Steel sign European merger deal
- July 02, 2018

Heinrich Hiesinger, CEO of thyssenkruppAG following the signing of a definitive agreement to combine the European business of the company with that of Tata Steel in Europe. "It's good news for steel and trailblazing for our future", Thyssenkrupp Steel Europe boss Andreas Goss was quoted as saying by the Westdeutsche Allgemeine Zeitung and Welt am Sonntag newspapers. (more...)
Wish Bone recalls Italian dressing due to possible allergens — RECALL ALERT Wish Bone recalls Italian dressing due to possible allergens — RECALL ALERT
- July 02, 2018

Pinnacle Foods said that a limited number of 15-ounce bottles were mislabeled and may contain milk and eggs. Anyone who does have an allergy or severe sensitivity to milk or egg could have a serious or life-threatening allergic reaction to the salad dressing. (more...)
Iran announces plan to circumvent United States oil sanctions
- July 02, 2018

Iran possesses the second-largest gas reserves on the planet, after Russian Federation, and the fourth-largest oil supplies, while Saudi Arabia is the world's biggest oil exporter. "We will surely do something to thwart the U.S. rallying cry that Iranian oil [exports] must be stemmed", First Vice President Eshagh Jahangiri said in statements during an economic event broadcast on state television. (more...)
President Trump Pushing Saudi Arabia To Produce More Oil President Trump Pushing Saudi Arabia To Produce More Oil
- July 02, 2018

In a tweet on Saturday, Trump said King Salman bin Abdulaziz Al Saud had agreed to his request to boost production by "maybe up to 2,000,000 barrels". The source familiar with the kingdom's plans told Reuters last week that Riyadh plans to boost output in July to 11 million bpd, the highest in its history, up from 10.8 mln in June. (more...)
Canada retaliates, starts tariffs against the US Canada retaliates, starts tariffs against the US
- July 02, 2018

He said he could quickly sign an agreement with Mexico and Canada, "but I'm not happy with it". Other US imports, from ketchup to pizza to dishwasher detergent, will face a 10 per cent tariff at the Canadian border, the same as America's tax on aluminium. (more...)
Steel firm Thyssenkrupp backs Tata merger
- July 02, 2018

Conceived to take on the flood of cheap Chinese steel unbalancing world markets, the merged firm known as "Thyssenkrupp Tata Steel" will be based in the Netherlands. Since the tariffs were announced in late May, shares in European steelmakers ArcelorMittal , Thyssenkrupp, Salzgitter and Voestalpine have lost 8 to 17 percent. (more...)
Donald Trump says OPEC manipulating oil market, warns Europe on Iran
- July 02, 2018

President TrumpDonald John TrumpScaramucci warns Trump must "change tactics now" on trade Trump sought to purchase historic Scottish building for hotel: report Republican wins right to replace Farenthold in Congress MORE said Sunday that the USA will "absolutely" sanction European companies that do business with Iran. (more...)
Canada tariffs begin on US goods from ketchup to lawn mowers
- July 02, 2018

She said , however, Canada "will not escalate and we will not back down". The Ontario town is one of three stops the prime minister will make today as he crosses the country, and one of two stops created to reflect the looming trade war between Canada and the United States. (more...)
Inland petrol price climbs up to over R16/litre Inland petrol price climbs up to over R16/litre
- July 02, 2018

The average worldwide product prices of petrol and diesel and illuminating paraffin decreased during the period under review (June 1 to 28), but the rand depreciated against the U.S. Radebe said the rand's movements were mainly influenced by global factors. On Friday, the rand closed at R13.71/$, while Brent crude oil traded at $79 a barrel. (more...)
Dow surges more than 250 points as Nike hits all-time high Dow surges more than 250 points as Nike hits all-time high
- July 02, 2018

In corporate news, bank shares moved higher after announcing buybacks and dividend hikes following the Federal Reserve's annual stress test. Shares of Wells Fargo jumped 3.37 percent on Friday. For the week, however, all three indexes registered losses. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.4-percent annual gain in April, down from 6.5-percent in the previous month, according to a newly released report by S&P Dow Jones Indices. (more...)
Amazon’s own delivery vans to hit the street Amazon’s own delivery vans to hit the street
- July 02, 2018

The announcement follows public criticism of Amazon by President Donald Trump over the company's arrangement with the US Postal Service . Believe it or not you can get going for as little as $10K and Amazon is committing $1M for military veterans to help them get started. (more...)
Britain's Tesco tests checkout-free shopping Britain's Tesco tests checkout-free shopping
- July 01, 2018

Exclusively in test mode and restricted to the staff shop on its headquarters premises, the technology allows customers to scan and pay for their products via their smartphone before walking out of the store without visiting a traditional till point. (more...)
GM warns against potential vehicle tariffs
- July 01, 2018

The Association of Global Automakers, a Washington-based trade group that represents auto manufacturers and parts suppliers based outside the US, called the potential duties "the greatest threat to the USA automotive industry at this time". (more...)
300 cash machines closing every month warns Which? 300 cash machines closing every month warns Which?
- July 01, 2018

From Sunday, the fee paid each time a cash machine is used will be cut, with further reductions due each year until 2021. "This disconnect is not sustainable and needs addressing now to protect Link and future access to cash for consumers". (more...)
Fiery Explosion After Private Firm's Rocket Fails to Take Off
- July 01, 2018

Interstellar Technologies, the company that developed both rockets, said it would continue its development program despite the problems it has encountered so far. It originally planned to launch Momo-2 in late April but pushed back the date due to a nitrogen leak. Horie also showed willingness to make another attempt, saying, "We have to find ways to improve" ahead of the launch of a third rocket. (more...)
Boeing's Hypersonic Vision: A Sleek Passenger Plane That Can Hit Mach 5 Boeing's Hypersonic Vision: A Sleek Passenger Plane That Can Hit Mach 5
- July 01, 2018

The concept was revealed at the American Institute of Aeronautics and Astronautics conference in Atlanta this week, with Boeing saying the plane could have military or commercial uses, as it is just one of several hypersonic vehicle concepts the company is studying. (more...)

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