Business


Higher oil prices push Shell profits up 50%
- November 01, 2018

On a reported basis, earnings jumped 51% to $5.57bn (£4.33bn). Rising oil and gas prices in the July-to-September period were the main driver of profits. This could be problematic for analysts, who have questioned whether the company can still be a "world-class investment case" if its earnings don't become more predictable.The Anglo-Dutch energy company dominates the gas business, but liquefied natural gas sales were short of expectations as production fell from the second quarter. (more...)
HBO goes dark for the first time amid battle with Dish HBO goes dark for the first time amid battle with Dish
- November 01, 2018

The signal for the AT&T-owned channel went dark on satcaster Dish and its sister virtual MVPD service Sling TV as of midnight Thursday. AT&T, the No.2 US wireless carrier by subscribers, closed its $85-billion acquisition of media company Time Warner in June, and created WarnerMedia to house assets including Turner TV networks and the premium channel HBO. (more...)
New Starbucks holiday cups mean it's officially Christmas New Starbucks holiday cups mean it's officially Christmas
- November 01, 2018

Starbucks has four new cup designs featuring patterns developed from the Starbucks Christmas blend coffee packaging. A reusable cup, in red, will also be given away to anyone who orders a holiday drink on November 2, and can be brought back to the store between November 3 and January 7 to receive 50 cents off a beverage. (more...)
Auto and house insurance faces FCA probe
- November 01, 2018

Citizens Advice had hit out against the mobile, broadband, home insurance, mortgages and savings industries for overcharging loyal customers and ripping off consumers. The FCA has written to all insurance company chief executives... In the letter to the heads of insurance firms , Mr Bailey said: "There is a significant risk of consumer harm if your firm has not implemented an appropriate pricing strategy with effective governance and controls to determine and monitor your pricing activities ... (more...)
Merkel Honors German IsraAID Branch for Social Work With Women Refugees Merkel Honors German IsraAID Branch for Social Work With Women Refugees
- November 01, 2018

While Merkel has essentially given her party three years to put the succession in place, her departure may yet be precipitated if her junior coalition partner, the Social Democratic Party, loses patience and pulls the plug prematurely. The German Chancellor has had a string of polling setbacks, so will be stepping down as leader of the CDU in December and as Chancellor in 2021. It also raises questions about whether she can stage manage a smooth exit. (more...)
Toyota offers Tundra Pie Pro hydrogen-fueled mobile pizza maker at SEMA Toyota offers Tundra Pie Pro hydrogen-fueled mobile pizza maker at SEMA
- November 01, 2018

The Tundra PIE Pro features a one-of-a-kind truck bed that has been converted into a virtual pizza factory on wheels, known as "The Kitchen". Robot arms start by removing a pre-assembled pizza from the mini-fridge and placing it in a high-speed ventless conveyor oven; after it has reached maximum deliciousness, the pizza is taken out and cut up into six slices and put into a pizza box. (more...)
Waitrose Food magazine editor stepping down after ‘killing vegans’ email Waitrose Food magazine editor stepping down after ‘killing vegans’ email
- November 01, 2018

Searches for vegan and vegetarian barbecue recipes on the Waitrose website rose by 350 per cent over the summer, with beetroot burgers and celeriac steaks emerging as the most popular options. Asked what they missed most, 41 per cent of non-meat eaters said the Sunday roast, 32 per cent bacon sandwiches, 29 per cent sausages and 18 per cent burgers. (more...)
Ryanair changes hand luggage rules ... again Ryanair changes hand luggage rules ... again
- November 01, 2018

The Dublin-based airline on Thursday changed its baggage policy for the second time this year in an attempt to reduce delays. Previously, the airline's policy allowed passengers to carry one small cabin bag, such as a backpack or shopping bag, and one larger bag - weighing 10kg - on board for free. (more...)
Alphabet executive resigns after sexual harassment allegations Alphabet executive resigns after sexual harassment allegations
- November 01, 2018

Google CEO Sundar Pichai and VP of people operations Eileen Naughton both signed a company memo obtained by numerous media outlets that described the Times article as "difficult to read". Others have shared their thoughts with leaders and fellow Googlers. On Tuesday, Rich DeVaul , a director at Alphabet 's research arm, X, who is mentioned in the Times report, resigned and did not receive an exit package, according to a source familiar with the matter. (more...)
Google Employees To Walk Out Over Handing Of Sexual Misconduct Reports Google Employees To Walk Out Over Handing Of Sexual Misconduct Reports
- November 01, 2018

According to the NYT report, two unnamed Google executives said then-Chief Executive Page asked Rubin to resign after the company confirmed a complaint by a female employee about a sexual encounter in a hotel room in 2013. Some demands relate directly to Google's workforce gender makeup: Only 31 percent of its global work force and just over a quarter of its executives are women. (more...)
Volkswagen, Mobileye to launch self-driving taxi service in Israel in 2019 Volkswagen, Mobileye to launch self-driving taxi service in Israel in 2019
- November 01, 2018

Mobileye, which was acquired by Intel Corp. past year for Dollars 15.3 billion, will provide the self-driving technology for the Volkswagen electric vehicles for the scheme they called Mobility-as-a-Service (MaaS). The U.S. government is somewhat dubious of self-driving cars, but not resistant to the tech. Nevertheless, certain states like California, Arizona, Texas, Pennsylvania, Michigan, and others are moving ahead of federal programming and testing. (more...)
Pound up over reports of European Union financial services deal Pound up over reports of European Union financial services deal
- November 01, 2018

However, she says May's lead Brexit aide Olly Robbins has been "back and forth" to Brussels, "hoping to get talks back officially soon but right now no landing zone". Coveney concurred, saying: "It´s the moment of truth". The Tánaiste added: "If there were to be a summit as soon as the November 20 or 21 then effectively there would need to be a signal from the negotiating teams next week in order to put the machinery in place [for an European Union leaders summit]". (more...)
Lion Air flight 610 : Black box of crashed Indonesian plane found Lion Air flight 610 : Black box of crashed Indonesian plane found
- November 01, 2018

Haryo Satmiko, deputy chief of the national transport safety panel, told Reuters earlier an underwater drone had detected an object suspected to be part of the fuselage in waters about 30 metres (98 feet) deep not far from the site where the aircraft lost contact. (more...)
RBI VS Centre face-off: What is Section 7 of RBI Act RBI VS Centre face-off: What is Section 7 of RBI Act
- November 01, 2018

Speculation was rife on RBI Governor Urjit Patel's imminent resignation on Wednesday morning. Section 7 entitles the government to instructions to the RBI after it consults with the Governor. "The liquidity crunch is affecting the construction sector, flat buyers and even automobile sales are down", a senior official said. The RBI takes its decisions independent of the government but there are provisions within Section 7 of the RBI Act that gives the Centre powers to instruct the RBI in ... (more...)
Property values fall 3.5pc, sharpest decline since 2012 Property values fall 3.5pc, sharpest decline since 2012
- November 01, 2018

Sydney and Melbourne both fell 0.7 per cent over the month, bringing their annual declines to 7.4 per cent and 4.7 per cent respectively. Brisbane, Darwin and Canberra were unchanged over the month, Perth was down 0.8 per cent, while Adelaide and Hobart were up 0.2 per cent and 0.9 per cent respectively. (more...)
Rotating postal strikes come to Ottawa Rotating postal strikes come to Ottawa
- November 01, 2018

ET in Joliette, Que. "And that's the way it's going to stay across the country". Those three facilities process a million parcels a day. "We've had it", said CUPW national president Mike Palecek. Among the contract items in dispute are job security, forced overtime, and health and safety measures. Union workers launched the job action after walking away from the negotiating table when a new contract could not be reached. (more...)
Some DJI Matrice 200 drones are falling out of the sky Some DJI Matrice 200 drones are falling out of the sky
- November 01, 2018

News reports that United Kingdom police have grounded the drone after a police drone "experienced an in-flight issue" and landed onto the roof of a commercial building. Chinese firm DJI has admitted its engineers are "urgently" probing customer claims related to the waterproof quadcopter series, which was released in 2017 and is used for surveying and by emergency services. (more...)
Petrol price expected to decrease Petrol price expected to decrease
- November 01, 2018

This comes after months of successive petrol price increases. However, it said the prices of diesel and illuminating paraffin would likely increase. The association notes that worldwide petroleum prices have shown modest declines in the past month, which it describes as "a cause for optimism". If the rand continues its relative stability it could mean more relief before the festive season. (more...)
GM looking to slash salaried workforce, offers buyout to 18,000 employees GM looking to slash salaried workforce, offers buyout to 18,000 employees
- November 01, 2018

The company says in a prepared statement that although it is performing well, it wants to continue to reduce costs while the company and the economy are strong. "We will evaluate the need to implement after we see the results of the voluntary program and other cost reduction efforts", GM said. They have until November 19 to choose to opt in. (more...)
India ranks at 77 in the World Banks Ease of doing business India ranks at 77 in the World Banks Ease of doing business
- November 01, 2018

The Prime Minister said his government was committed to economic reforms to ensure an environment that fosters investments. When the NDA came to power in 2014, India stood 142nd in World Bank's "Doing Business" list. India has registered huge improvement in 6 of the 10 indicators and has moved closer to worldwide best practices, the finance ministry said. This year, India performed well in the area of "getting credit". (more...)
Reese's Vending Machine Lets You Swap Unwanted Candy for Peanut Butter Cups Reese's Vending Machine Lets You Swap Unwanted Candy for Peanut Butter Cups
- October 31, 2018

But don't despair if you're outside the exchange territory: A Reese's rep says, "Stay tuned for Halloween 2019". Some trick or treaters in NY will have the option to exchange unwanted Halloween candy for peanut butter cups. God bless Halloween - unless, of course, you have a peanut allergy. They captioned it, "Disappointment goes in, Reese's cups come out". No word on what will happen to the unwanted candy people drop off at the machine, but hopefully some of it - the candy corn - will ... (more...)
Tata Motors Reports Loss Of 1,049 Crore Rupees In September Quarter Tata Motors Reports Loss Of 1,049 Crore Rupees In September Quarter
- October 31, 2018

Considering the challenges ahead for JLR, mainly in its biggest market China, and uncertainties concerning Brexit , the firm has announced a turnaround plan to drive £2.5 billion of profit, cost and cash flow improvements in the next 18 months. (more...)
Uber introduces Amazon Prime-style monthly subscription service Uber introduces Amazon Prime-style monthly subscription service
- October 31, 2018

So while it guarantees regular riders pay less, it certainly doesn't guarantee cheap travel, just cheaper travel. It costs $14.99 per month, except in Los Angeles, where the cost is $24.99 per month. Earlier this month, Lyft unveiled its All-Access Pass , which similarly auto-renews each month. San Francisco has had an Uber ride pass option for the past few months. (more...)
Miner finds giant 5,655-Carat emerald in Zambia worth at least £2m Miner finds giant 5,655-Carat emerald in Zambia worth at least £2m
- October 31, 2018

Geologist Debapriya Rakshit and veteran emerald miner Richard Kapeta discovered the emerald in the eastern part of Kagem's largest open-pit mine on October 2. Gemfields has three-year philanthropic sponsorships with each organisation in order to aid them in wildlife conservation, promote community development and stem the problem of poaching by developing alternative livelihoods. (more...)
The 'solar' roof on your Kia will soon charge your vehicle The 'solar' roof on your Kia will soon charge your vehicle
- October 31, 2018

The second is for vehicles with internal combustion engines and can be used in panoramic sunroofs, letting light through to driver and passengers while topping up the auto battery. Certain cars from Kia and Hyundai are set to get the charging systems. Here, a semi-transparent solar panel can be added to a panoramic sunroof, boosting a vehicle's battery while still letting light into the cabin. (more...)

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