Business


Tesco discount chain Jack's puts British food front and centre Tesco discount chain Jack's puts British food front and centre
- September 19, 2018

Britain's biggest retailer will open its first two Jack's stores on Thursday in Chatteris, Cambridgeshire, and Immingham, North East Lincolnshire. Jack's in Chatteris, which opens to the public tomorrow (Thursday) will be the first of up to 15 budget stores that Tesco plans to open in the United Kingdom this year. (more...)
Ireland collects €14bn Apple tax bill
- September 19, 2018

Competition Commissioner Margrethe Vestager has been going after the extremely low tax rates paid by some multinationals in the European Union as a competition issue, based on the fact that some giants get them but smaller competitors do not. (more...)
Cathay Pacific plane’s new paint job results in huge typo Cathay Pacific plane’s new paint job results in huge typo
- September 19, 2018

The airline said it was a genuine mistake, although some in the industry said it was inexplicable. According to the South China Morning Post, it is not clear who is responsible for the mistake, but the expensive error is likely to cost "several thousand dollars to fix". (more...)
Cryptocurrency exchanges at risk of manipulation Cryptocurrency exchanges at risk of manipulation
- September 19, 2018

The report details the concerns initially raised by the OAG about the operations of cryptocurrency exchange platforms, especially regarding security, internal controls, market surveillance protocols, and other relevant consumer and investor protections. (more...)
Danske Bank boss quits over €200bn money-laundering scandal Danske Bank boss quits over €200bn money-laundering scandal
- September 19, 2018

The CEO stepped down as a result of the year-long investigation. "I deeply regret this", Borgen said in a statement which detailed failings in compliance, communication and controls. Recent media reports have said up to $150 billion worth of banking transactions may have flowed Danske's Estonia branch. While it took measures to get its Estonian business under control in 2014, these were insufficient, the report said. (more...)
Strawberry sabotage akin to 'terrorism': Australia PM Strawberry sabotage akin to 'terrorism': Australia PM
- September 19, 2018

That, he said, would put the crime on par with "things like possessing child pornography and financing terrorism". "How could any right-minded person want to put a baby or a child or anybody's health at risk by doing such a terrible act?" "As an industry we are sure that (the needles) are not coming from the farm, but we're trying to get confidence into consumers that when they buy ... (more...)
Flight attendant fired after her boyfriend proposed during flight Flight attendant fired after her boyfriend proposed during flight
- September 19, 2018

According to the Asia One , 30 minutes after takeoff her boyfriend went down on his knees on the flight and proposed to her. A video which has now gone viral on social media captures the sweet proposal. The happy couple deliver the news to cheering passengers. The TV report, originally produced by Liaoning Satellite TV, claimed that the airline company considered Xiao Jiao's behaviour "extremely irresponsible". (more...)
Alibaba's Jack Ma says US-China trade friction could last 20 years Alibaba's Jack Ma says US-China trade friction could last 20 years
- September 19, 2018

Alibaba's Jack Ma used his final speech to shareholders as chairman to issue a warning about the U.S. " It's going to last long, it's going to be a mess ", the tech tycoon said Tuesday at an annual investor conference in Hangzhou, China. (more...)
Facebook is being sued for hiding job ads from women Facebook is being sued for hiding job ads from women
- September 19, 2018

The complaint also targets 10 employers that used Facebook to post job ads - for roles as police officers, truck drivers and sales representatives at a sports store - that were exclusively targeted to men, according to images of ads in the complaint. (more...)
Mcdonald's plans strike to raise awareness for sexual harassment Mcdonald's plans strike to raise awareness for sexual harassment
- September 19, 2018

The strike, which has been dubbed #MeTooMcDonalds, is reportedly the first multistate strike targeting sexual misconduct, according to The Associated Press . Harrell, who makes $8.15 an hour, said she and many of her colleagues were skeptical of the company's commitment to combating harassment. Harrell told The Guardian that she complained to her two store managers, but they didn't take her accusations seriously. (more...)
Police arrest 5 for looting dollar store after Hurricane Florence Police arrest 5 for looting dollar store after Hurricane Florence
- September 18, 2018

Wilmington police sent out a statement Saturday afternoon that they were told by management of the Family Dollar to stand down after receiving reports of looting at the store. When officers arrived they notified store management who did not want to pursue charges initially. "Later in contact with the owner he reversed his decision, we're working with the DA and charges will be filed". (more...)
May: 'My Brexit deal or no deal' May: 'My Brexit deal or no deal'
- September 18, 2018

In the interview, to be fully aired as part of the BBC " s "Panorama' programme on Monday night in the United Kingdom , the premier also issues an ultimatum to critics who have questioned her strategy on Brexit. Earlier this month, the Office for National Statistics said the economy had grown by 0.6% over the three months to July - the fastest pace in nearly a year. (more...)
Where you can get free food on ‘National Cheeseburger Day’ Where you can get free food on ‘National Cheeseburger Day’
- September 18, 2018

In honor of National Cheeseburger Day , Wendy's is giving away a free Dave's Single with the purchase of just about anything for the rest of September. Also, unlike previous year, you no-longer have to purchase other products to claim your burger. With help from the folks at Yelp, we compiled the following list of 10 burger restaurants that have perfected the cheeseburger. (more...)
Elon Musk sued by British diver he accused of being a pedophile Elon Musk sued by British diver he accused of being a pedophile
- September 18, 2018

Mr Musk called Mr Unsworth a "paedo" after Mr Unsworth criticised the Tesla founder in a television interview. Unsworth was publicly critical of Musk's attempts to involve himself in the rescue using a purpose-built miniature submarine , which Unsworth described as having "absolutely no chance of working". (more...)
Fuel prices continue to rise, nears Rs 83 a litre in Delhi Fuel prices continue to rise, nears Rs 83 a litre in Delhi
- September 18, 2018

Petrol and diesel prices rose by 10 paise per litre on Tuesday, continuing a trend of near-daily hikes in fuel prices . Meanwhile, in as many a dozen cities in the state, petrol is already is selling between ₹ 90 and ₹ 91 a liter, with the price in Parbani at ₹ 91.27 a litre, while diesel costs ₹ 79.15 being the highest across the country, which dealers said is due to the fact that the city gets the fuel from the Solapur depot, which is about 275 km away. (more...)
Oil Rises as Dollar Declines, Supply Concerns Persist
- September 18, 2018

August 22, 2018. The global benchmark for crude prices, Brent crude futures, fell 29 cents or 0.37 percent to $77.76 per barrel. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.8% at $69.54 a barrel. (more...)
Trump claims China tariffs successful
- September 18, 2018

The Trump administration's announcement of fresh levies didn't surprise investors, who sold stocks around the world Monday and sent the Shanghai Composite to its lowest level since November 2014 . " President Trump's decision.is reckless and will create lasting harm to communities across the country", said Dean Garfield, president of the Information Technology Industry Council, which represents major tech firms. (more...)
World's first hydrogen train rolls out in Germany World's first hydrogen train rolls out in Germany
- September 18, 2018

Hailed by the manufacturer as the world's first fuel cell trains, the Salzgitter-built iLints will be operating on 100 route-km of the Elbe-Weser network between Cuxhaven, Bremerhaven, Bremervörde and Buxtehude, replacing older diesel trains . (more...)
China to Hit U.S. With 'Synchronized' Retaliation for Latest Tariffs China to Hit U.S. With 'Synchronized' Retaliation for Latest Tariffs
- September 18, 2018

The tariffs will start at 10 per cent and rise to 25 per cent starting January 1. China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president's supporters in the US farm belt. The changes come after fierce opposition from companies, including global tech giants such as Apple, Dell and Hewlett Packard Enterprise. The tariffs will be applied to more than 1,000 Chinese products, including consumer goods like electronics, bicycles, tires, and ... (more...)
Stocks open lower on fresh tariff threat Stocks open lower on fresh tariff threat
- September 18, 2018

The Kospi in South Korea added 0.1 percent to 2,304.29. Australia's S&P/ASX 200 shed 0.4 percent to 6,160.20. Stocks are edging lower on Wall Street as investors wait to see whether the Trump administration will announce more tariffs on Chinese goods. (more...)
Audi e-tron SUV is the brand's first all-electric model Audi e-tron SUV is the brand's first all-electric model
- September 18, 2018

Audi unveiled its hotly-anticipated E-Tron SUV on Monday night, and it looks surprisingly conventional given its role as the company's vanguard into the high-end electric vehicle arena, where it will do battle with the head-turning Tesla Model X and Jaguar I-Pace. (more...)
Stock futures cautious as White House expands tariffs on Chinese goods
- September 18, 2018

Last month, United States customs officials began collecting a 25 percent import duty on 279 Chinese goods valued at $16 billion, composed mostly of industrial products including steam turbines and iron girders. Oil prices rebounded from earlier losses as supply concerns outweighed assurances from Washington that Saudi Arabia, Russia and the United States can raise output fast enough to offset falling supplies from Iran and elsewhere. (more...)
Elon Musk sued for calling Thai cave rescuer Vernon Unsworth a paedophile
- September 18, 2018

Musk called Unsworth a "pedo" after Unsworth criticised Musk in a television interview. The feud between the 63-year-old United Kingdom diver and the Tesla CEO started over a mini-submarine Musk sent to help with the rescue in northern Thailand. (more...)
Trump imposes fresh tariffs on $200 billion worth of Chinese goods Trump imposes fresh tariffs on $200 billion worth of Chinese goods
- September 18, 2018

So far, the United States has imposed tariffs on $50 billion worth of Chinese products to pressure China to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy policies. While Trump wants United States companies to shift their manufacturing from China and elsewhere to the U.S., not only would that make the USA companies higher cost and less competitive in worldwide markets but it could take years to build the manufacturing plants or re-engineer supply ... (more...)
USA slaps tariffs on $200bn in China goods as trade war escalates
- September 18, 2018

The White House says it has made it very clear what the US expects from China regarding trade, but since the country has not complied the president slapped Beijing with more tariffs. "We have seen that with the steel and aluminum tariffs that Trump put in place that captured New Zealand even though we are a small exporter and buy more from them than we sell". (more...)

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