Business


UK House Prices Dip 0.1% In July - Rightmove UK House Prices Dip 0.1% In July - Rightmove
- July 18, 2018

This month's declines also reflect a normal summer slowdown in activity, according to Rightmove. However, the number of properties coming to the market has jumped up by 8.6 per cent compared to same month last year, but there has been no corresponding increase in buyer numbers to soak up new seller influx - sales agreed are holding steady with a negligible 0.2 per cent fall compared to the same month a year ago. (more...)
Newly purchased $300K sports vehicle totaled in crash Newly purchased $300K sports vehicle totaled in crash
- July 18, 2018

The Facebook post said the $300,000 import had just been purchased on Friday. The driver came out of the wreckage injured, but none of those injuries are life-threatening. The vehicle wreck occurred as a result of speeding, and so police used the incident as an opportunity to remind drivers to "slow down". This is not the first time a McLaren has met an unfortunate fate this year. (more...)
Goldman to name David Solomon as CEO early this week Goldman to name David Solomon as CEO early this week
- July 18, 2018

Solomon, who joined the investment bank as a partner in 1999, now serves as the president and chief operating officer of the company. Goldman Sachs beat analyst estimates, but that's par for the course, as the "whisper number", what the Street thinks the company will really earn, is usually well ahead of consensus. (more...)
EU, Japan to sign massive trade deal as U.S. puts up barriers EU, Japan to sign massive trade deal as U.S. puts up barriers
- July 18, 2018

It covers a third of the global economy and markets of more than 600 million people. The agreement was largely reached late a year ago. More than 200 people died from flooding and landslides. Juncker is seeking to tamp down the brewing conflict a month after the 28-nation bloc imposed levies on 2.8 billion euros ($3.3 billion) of American imports due to the metal tariffs. (more...)
Start-up backed by JetBlue founder commits to 60 Airbus A220 jets Start-up backed by JetBlue founder commits to 60 Airbus A220 jets
- July 18, 2018

If the last hurdles are removed, a deal could be announced as early as this week at the Farnborough air show in the United Kingdom, said the people, who asked not to be identified because the discussions are private. Deliveries of the former C Series jets are slated to begin in 2021, a year after the planes are expected to start coming off a new assembly line in Mobile, Ala. (more...)
Walmart partners with Microsoft for cloud solutions Walmart partners with Microsoft for cloud solutions
- July 18, 2018

Microsoft has announced that it has formed a strategic partnership with retail giant Walmart to help "make shopping faster and easier for millions of customers around the world". At first glance, Walmart's announcement today that it has signed a five-year agreement with Microsoft seems like it's just a major step towards boosting its lagging online growth . (more...)
Japan, European Union sign free trade deal to defy Trump protectionism Japan, European Union sign free trade deal to defy Trump protectionism
- July 17, 2018

President Donald Trump's "America First" agenda and an intensifying trade row between the United States and China. The EU and Japan remain open for cooperation,"said European Council President Donald Tusk, who speaks for the 28 EU national leaders". (more...)
Papa John's Board Kicks Founder Out of His Office Papa John's Board Kicks Founder Out of His Office
- July 17, 2018

The board is now trying to kick him off entirely and, in response, Schnatter has now said it was a mistake for him to step down as chairman. He instead said he used the N-word during a conversation on how to distance himself from online racist groups that have rallied for him after he criticized last year's national anthem protests at NFL games. (more...)
Uber is the target of USA probe over gender discrimination Uber is the target of USA probe over gender discrimination
- July 17, 2018

Uber did not immediately respond to Ars' question as to how many federal inquiries the company now faces, but the company told multiple media outlets in a statement that Uber has "made a lot of changes in the last 18 months" and that it had added new "diversity and leadership training" worldwide. (more...)
Now Theresa May faces recess rebellion (and another Brexit bill) Now Theresa May faces recess rebellion (and another Brexit bill)
- July 17, 2018

MPs are due to rise for the summer recess on July 24 but a motion tabled on Monday night would see the Commons rise on Thursday, with a vote pencilled in for Tuesday evening. "The Tory government is riding roughshod over the Scottish Parliament's voice on Brexit". May spent the weekend defending her plan, and did so again in a speech at Farnborough airshow Monday, insisting it would protect trade in goods with the European Union and avoid border checks in Ireland. (more...)
India, Iran review bilateral ties, to strengthen connectivity through Chabahar port India, Iran review bilateral ties, to strengthen connectivity through Chabahar port
- July 17, 2018

On the U.S. sanctions, the government has been maintaining that it will go by what is in the country's national interest. China buying extra Iranian oil could tiresome the economic impact. Mnuchin says that exemptions are only possible in "very specific circumstances where it clearly benefits our national security". The Organization of the Petroleum Exporting Countries agreed with Russian Federation and other oil-producing allies on June 23 to raise output from July, with Saudi ... (more...)
Poundworld announces it will close 80 stores around the UK Poundworld announces it will close 80 stores around the UK
- July 17, 2018

Other stores confirmed to close include Liverpool and Chester and overall it is believed 1,024 jobs will be lost as a result. The administrator said discussions with interested parties are ongoing and "will continue to progress" over the coming days. (more...)
European Union to sign its biggest free trade deal with Japan
- July 17, 2018

This morning EU Council President Donald Tusk said of the deal: 'We are sending a clear message that we stand together against protectionism . The foreign ministry said that by strengthening ties with the EU, Japan hopes to vitalise mutual direct investment, fight other global trends toward protectionism and enhance the stature of Japanese brands. (more...)
Goldman to formally name David Solomon next CEO early this week
- July 17, 2018

Blankfein, 63, will stay on for an interim period, the New York Times reported , citing people briefed on the matter, who said the announcement could come as soon as Monday. Solomon joined Goldman as a partner in 1999. Solomon was named president in March. During the intervening years, Blankfein led the firm through the financial crisis and the subsequent fallout surrounded by a coterie of loyalists, some of whom worked shoulder-to-shoulder with the CEO at commodities trader J. (more...)
High interest rates, oil prices to eat into India’s growth
- July 17, 2018

Based on its projections, the fund added this translated to nearly $500 billion in lost annual output - the equivalent of eliminating an economy the size of Thailand. These projections only take into account tariffs now in force, so larger actions such as possible automotive tariffs were not included. 'The fact that the European Union is not performing well and the eurozone is teetering on the brink of bankruptcy says that we should concentrate our efforts on forming relationships with ... (more...)
Global Regulators Set Up Monitoring System for Bitcoin, Other Crypto Assets Global Regulators Set Up Monitoring System for Bitcoin, Other Crypto Assets
- July 17, 2018

The Financial Stability Board set out its framework for monitoring cryptocurrencies like bitcoin . The FSB in an worldwide agency which oversees and prepares recommendations regarding the global financial system. The FSB states that crypto-assets do not present a material risk to global financial stability at their current stage, though it sees the necessity for in-depth monitoring due to the rapid development of the market. (more...)
International Monetary Fund warns: France, Germany and Italy will have the biggest economic slowdowns International Monetary Fund warns: France, Germany and Italy will have the biggest economic slowdowns
- July 17, 2018

An escalation of tariffs to levels threatened by the US, China and other countries would not only have a direct effect on demand, but would heighten uncertainty and hurt investment, the International Monetary Fund said. The IMF, however, noted that even the U.S. growth could decelerate over the next few years, as the long cyclical recovery ran its course and the effects of temporary fiscal stimulus waned. (more...)
Wholesale inflation hits 4 year high to 5.77 pc in June Wholesale inflation hits 4 year high to 5.77 pc in June
- July 17, 2018

The index for non-food articles rose by 3.81%. The Wholesale Price Index ( WPI ) based inflation stood at 4.43 per cent in May, according to government data released on Monday. Price rise in onion was 18.25% during June, as against 13.20% in the preceding month. ICRA principal economist Aditi Nayar said the lagged transmission of higher crude oil prices, an uptick in cotton prices and electricity tariffs, the hardening of inflation for manufactured products as well as an unfavourable ... (more...)
Netflix shares plunge due to lower subscriber growth
- July 17, 2018

Subscriber additions: 5.1 million total - 670,000 in the U.S. and 4.47 million internationally. Netflix is hoping a flood of content from new sources including the Obama family will help push new subscribers to the service. Analysts had expected 79 cents on revenue of $3.94 billion. The company garnered 112 Emmy Awards nominations last week, more than any other television network. (more...)
Amazon's Prime Day runs into snags swiftly Amazon's Prime Day runs into snags swiftly
- July 17, 2018

ET and run for 36 hours after that. You'll also get Far Cry 5 Limited Edition for £29.99 on PS4 and for£29.99 on Xbox One - saving you 30% on the price of each. Visit Amazon to view all of the deals . Prime Day is a study in retail's woes in microcosm: Amazon lowers prices of a number goods that consumers can expect to get on their doorsteps within a couple days-a value, speed, and convenience proposition that's hard for others to match. (more...)
Netflix plunges as subscriber growth disappoints Netflix plunges as subscriber growth disappoints
- July 17, 2018

Its outlook for the current quarter also reflected a deceleration: The world's largest paid online TV network expects to add 5 million customers, a slower pace than a year earlier. Today Netflix reported their 2nd quarter 2018 numbers. For instance, the company added 7.41 million subscribers worldwide in the first quarter of this year, neatly surpassing the 6.5 million generally expected for the period. (more...)
Best of Amazon Prime Day Best of Amazon Prime Day
- July 17, 2018

However, unlike Black Friday , not everyone can get involved with the deals, you need to be a paying Amazon Prime customer to make the most of it. Using the app, click into the menu section in the upper left corner and choose "Today's Deals", then click the "Upcoming" tab. (more...)
Prime Day deals start early with Echo, Fire TV, and Kindle discounts Prime Day deals start early with Echo, Fire TV, and Kindle discounts
- July 17, 2018

Amazon Prime Day is actually a day and a half, and began at 3 p.m. ET on Monday. To help you navigate this massive sale, we've created this handy interactive guide. So they are incentivizing the makers of Wi-Fi connected lights, locks, thermostats and cameras to drop their process this Prime Day. Rival chains like Target, Kohl's, Macy's, Bed Bath & Beyond, J.C. (more...)
USA launches WTO challenge against Canada's tariffs USA launches WTO challenge against Canada's tariffs
- July 16, 2018

Wilson said in a statement. "It is the common duty of Europe and China , but also America and Russian Federation, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history", EU Council President Donald Tusk said in Beijing . (more...)
Papa John Founder Claims He Was Pressured to Use the N-Word Papa John Founder Claims He Was Pressured to Use the N-Word
- July 16, 2018

Schnatter remains on the board and still owns 30% of the company's shares. A special committee of independent directors ordered the termination of a so-called founder's agreement that designated Schnatter as the brand's face and voice and is requesting he cease media appearances on behalf of the firm, the company said in a statement after a Sunday night board meeting. (more...)

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