Business


Aerospace giant Bombardier to cut 5000 jobs worldwide Aerospace giant Bombardier to cut 5000 jobs worldwide
- November 09, 2018

The Wichita site - which assembles Learjets, performs flight testing of all the company's aircraft and also repairs and maintains Bombardier's full line of business jets - employs about 1,600 people. "With today's announcements we have set in motion the next round of actions necessary to unleash the full potential of the Bombardier portfolio", said Bombardier CEO Alain Bellemare. (more...)
Mazda confirms 2019 Mazda3 for LA debut Mazda confirms 2019 Mazda3 for LA debut
- November 09, 2018

Confirming recent speculation, Mazda has announced plans to reveal the next-generation Mazda3 in Los Angeles. The new Mazda3 will run on the next generation of the automaker's SkyActiv platform and be powered by the "latest SkyActiv engines" offering what Mazda describes as "responsive control of vehicle speed in any driving situation". (more...)
SEC Charges EtherDelta's Founder for Operating an Unregistered Exchange SEC Charges EtherDelta's Founder for Operating an Unregistered Exchange
- November 09, 2018

One of the first popular decentralized exchanges , EtherDelta was founded in 2017 and saw extreme popularity throughout 2017 and 2018, being built entirely on an Ethereum smart contract. "But to protect investors, this innovation necessitates the SEC's thoughtful oversight of digital markets and enforcement of existing laws". The enforcement action by the SEC comes just a week after it was reported that the agency had initiated a nationwide crackdown in the United States on what it ... (more...)
'Two Can Play That Game.' Trump Preemptively Threatens Retaliatory Investigations Against Democrats 'Two Can Play That Game.' Trump Preemptively Threatens Retaliatory Investigations Against Democrats
- November 09, 2018

If the Democrats "waste Taxpayer Money investigating" the administration over the next two years - as they nearly certainly will - running against Pelosi will become an effective strategy in future elections. Even marrying the conventional Republican supply-side growth agenda with trade saber-rattling has arguably helped produce economic and wage gains that ought to make Trump a popular president. (more...)
Kraft Heinz to Sell Canadian Natural Cheese Business to Parmalat Kraft Heinz to Sell Canadian Natural Cheese Business to Parmalat
- November 09, 2018

Kraft Cheese has been a household name for a century and is now known by names such as Cracker Barrel, P'tit Quebec and Amooza . In another press release, Kraft , Heinz stressed that he would remain owner of other brands such as Philadelphia, Cheez Whiz and Kraft Singles , produced in Quebec. (more...)
Ryanair plane seized by French authorities in cash row Ryanair plane seized by French authorities in cash row
- November 09, 2018

The 149 passengers due to get on the plane for a flight to London Stansted endured a five-hour delay before another Ryanair craft arrived to take them to their destination. French airport official Didier Villat told Sud Ouest newspaper: 'To my knowledge it's the first time a Ryanair plane has been seized in this way. French aviation authorities have seized a Ryanair plane bound for London, stranding almost 150 passengers. (more...)
Air hostess breastfeeds stranger’s crying baby after mother ran out of formula Air hostess breastfeeds stranger’s crying baby after mother ran out of formula
- November 09, 2018

And so she approached the mother, who came all the way from the North and was traveling alone, and asked if everything was okay. "The helplessness you feel when you can not feed your hungry child is awful, so I had to step in", said the mum-of-one. (more...)
Heathrow disruption after runway lights fault Heathrow disruption after runway lights fault
- November 09, 2018

Though the issues were sorted out by 6.05 a.m., passengers have been told to check the status of their flights before traveling. This included 11 flights delayed by more than 45 minutes. A statement from Heathrow reads: "We are working to resolve the issue as quickly as possible, but at this stage we anticipate that there will be some disruption at the airport throughout this morning". (more...)
Stellar and Blockchain to deliver the largest bitcoin giveaway ever Stellar and Blockchain to deliver the largest bitcoin giveaway ever
- November 09, 2018

Blockchain .info has a crypto wallet where users themselves take care of their cryptocurrencies . At the moment, Blockchain has chosen not to disclose the amount of XLM to be given away during each airdrop . The blog further adds that Blockchain is also partnering with a number of companies for this airdrop , which include the Stanford school's emerging tech initiative, Code.org, and Network for Good. (more...)
Bitcoin Cash Fork Race Bitcoin Cash Fork Race
- November 09, 2018

The blog goes on, saying that their plan it to take a neutral stance on the decision of which of the forks that the users opt for, but they also want to "empower" the users by offering trading activity that typically is not an option. "A hard fork is a technology update". Depending on how successful the hard fork is, prices should continue soaring or begin a reversal. Poloniex has joined the league of supporting the Bitcoin Cash's Fork . (more...)
Iran to withstand sanctions; U.S. isolated Iran to withstand sanctions; U.S. isolated
- November 09, 2018

The market focused on record U.S. crude production and signals from Iraq, Abu Dhabi and Indonesia that output will grow more quickly than expected in 2019. Worldwide oil customers should brace for pain as US sanctions on Iran take hold, the Islamic Republic's oil minister has warned, arguing that waivers Washington granted to eight major oil-importing countries are not enough to keep global markets stable. (more...)
Voters in Missouri and Arkansas raise the minimum wage Voters in Missouri and Arkansas raise the minimum wage
- November 09, 2018

The federal minimum wage hasn't seen an increase since 2009, when it rose from $6.55 to $7.25 an hour. However, the minimum wage has been the subject of much debate within the Missouri legislature for the last several years. As predicted, Missouri voters turned out in record numbers for the 2018 general election yesterday and overwhelmingly voted to pass Proposition B: The $12 Minimum Wage Initiative. (more...)
Google Is Ending Mandatory Arbitration of Sexual Misconduct Allegations Google Is Ending Mandatory Arbitration of Sexual Misconduct Allegations
- November 09, 2018

Google will end its policy of forcing workers to sign away their right to take a sexual harassment case to court, in a win for the 20,000 employees who staged a protest last week over alleged payouts to predatory executives . The company will also revise the manner in which it will probe employee concerns, including streamlining reporting channels, allowing staff to be accompanied by support persons and offering extra care and resources like counselling and career support during and after the ... (more...)
European Union digital tax plan flounders as states ready national moves European Union digital tax plan flounders as states ready national moves
- November 09, 2018

Plans to impose an EU-wide digital tax on global tech giants appear to have floundered after several governments rejected them. Complicating things further, the tax risks triggering the ire of President Donald Trump amid a transatlantic trade spat , as most of the affected companies would be US-based. (more...)
Two Economic Policies Likely to Change With Democrats in Control of House Two Economic Policies Likely to Change With Democrats in Control of House
- November 09, 2018

Numerous winning candidates made history, marking firsts for their race and gender. That doesn't mean I think race and immigration weren't a major part of Trump's election pitch. At the same time, there could be regular reports about what the committee staff has found in subpoenaed records - perhaps Trump's tax returns, his company's internal financial documents, the records of his various oligarch partners in the former Soviet Union, and e-mails and other digital messages between Trump's team ... (more...)
Walmart Tips Black Friday iPhone, TV Deals Walmart Tips Black Friday iPhone, TV Deals
- November 08, 2018

Amazon will be kept on their toes ahead of and during the Black Friday sale as well as on Cyber Monday . Amazon claims it will be rolling-out new offers "as often as every five minutes", meaning those who want to get their hands on the best deals will have to keep their eyes glued to the site throughout the 10-day sales extravaganza. (more...)
CMHC Predicts Market 'Moderation' Over Next Two Years CMHC Predicts Market 'Moderation' Over Next Two Years
- November 08, 2018

CMHC expects MLS resales to drop from 8,464 units in 2017 to 6,500-7,500 sales this year. It said, "Rising mortgage rates since May 2017 and stricter borrowing requirements are also having an impact on potential home buyers through two channels; 1) rising rates increase the carrying cost of holding a mortgage and; 2) rising rates have an impact on borrowing capacity". (more...)
Mangled wreckage of BHP runaway train revealed in video footage Mangled wreckage of BHP runaway train revealed in video footage
- November 08, 2018

The driver had stopped at Hesta Siding to check a wagon, but the train - en route from Newman to Port Hedland - took off without him and careered 92 kilometres down the track before being derailed at Turner Siding. No one was injured in the incident. "We are working with the appropriate authorities to investigate the situation", a BHP spokeswoman said in a statement. (more...)
Tesla names new independent chairman as part of SEC deal Tesla names new independent chairman as part of SEC deal
- November 08, 2018

Tesla said it has appointed Robyn Denholm of the Australian telecoms company Telstra as board director after Elon Musk resigned from the post. "The fact that he can remain CEO is very important for the company". Before moving to Telstra, she worked for Silicon Valley firms Sun Microsystems and Juniper Networks as well as consultants Arthur Anderson and Toyota. (more...)
Scammers pose as Elon Musk after hacking verified Twitter accounts Scammers pose as Elon Musk after hacking verified Twitter accounts
- November 08, 2018

To add greater legitimacy to the account, the scammers would show up in Musk's mentions, acting as if it was Musk who was Tweeting. The scam promised that if a person were willing to give a small amount of bitcoin , they would be eligible to receive a significantly larger sum. (more...)
Volkswagen Tarok pickup is a transformable truck Volkswagen Tarok pickup is a transformable truck
- November 08, 2018

The all-wheel-drive crew cab debuted at the Sao Paolo International Motor Show as a concept, but VW says it is set to go on sale almost as-is. Measuring about five metres long, the Tarok features familiar pick-up cues like a double-cab body and a rear bed for storage. (more...)
Two Tonnes Of Smelly Durian Fruit Temporarily Grounds Flight After Passenger Complaints Two Tonnes Of Smelly Durian Fruit Temporarily Grounds Flight After Passenger Complaints
- November 07, 2018

An Indonesian airline was forced to delay a flight on Monday after the pungent smell of durian permeated the plane's cabin and nearly caused a brawl between passengers and crew. The flight attendants assured him the smell would dissipate once the plane was airborne. "Durian is not classified as a hazardous material to be transported on a plane", Sriwijaya Air official Abdul Rahim told national television station Kompas TV late Tuesday, AFP reports. (more...)
Papa Gino's Abruptly Closes Some Restaurants This Weekend Papa Gino's Abruptly Closes Some Restaurants This Weekend
- November 07, 2018

Over the weekend, locally-born chain Papa Gino's closed dozens of its locations in New England, including pizzerias in Lowell, Westford, Bedford, Nashua, and Fitchburg, the Lowell Sun reported . "I was supposed to work 5 to close". WBZ also talked with a blindsided employee in Mansfield. The company, which previously boasted approximately 150 stores across New England, showed only 97 locations on its website Sunday; of those 78 were in MA. (more...)
Iran Foreign Minister Takes To YouTube Against Iran Foreign Minister Takes To YouTube Against "Unlawful" US Sanctions
- November 07, 2018

This waiver will bring some measure of relief to India, which had been discussing a sanctions exemption for Chabahar having signed an agreement with Iran and Afghanistan in May 2016 for the port's development. "Trump administration made the right move by exempting India for the development of the Chabahar port ", Jeff Smith of the Heritage Foundation told PTI. (more...)
Government set to turn up heat on RBI governor Government set to turn up heat on RBI governor
- November 07, 2018

According to recent reports, Patel had threatened to resign following serious differences with the central government. The RBI, however, is opposed to this view and believes that the government's request for transfer surplus can adversely impact macroeconomic stability, The Indian Express reported . (more...)

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