Business


US trade gap falls 15 percent to $51.1 billion in January US trade gap falls 15 percent to $51.1 billion in January
- March 29, 2019

China's deficit in foreign service trade narrowed in February, official data showed Thursday. But past year the overall trade gap hit the highest level since 2008, and the deficit in the trade of goods with China hit a record. economist at Oxford Economics. Statistics Canada said total exports rose 2.9 per cent to $47.6 billion in January, the first increase since July 2018. (more...)
Wall Street rises on US-China trade optimism despite economic slowdown Wall Street rises on US-China trade optimism despite economic slowdown
- March 29, 2019

This round is a part of the ongoing negotiations between the two sides to end a trade war that has been going on for months. Trade negotiators from China and the US resumed talks Friday to try to resolve their tariff dispute over China's ambitions to dominate emerging technologies. (more...)
Chinese Owners of Grindr to Sell Due to 'National Security Risk' Chinese Owners of Grindr to Sell Due to 'National Security Risk'
- March 29, 2019

However, it has apparently changed its mind following the intervention of the Committee on Foreign Investment in the United States , a U.S. government body that reviews the national security implications of foreign investments in USA companies or operations. (more...)
Wilson-Raybould to submit written submission on SNC-Lavalin affair tonight Wilson-Raybould to submit written submission on SNC-Lavalin affair tonight
- March 29, 2019

Responding to media questions in Winnipeg, Man. Trudeau offered little about the reports of the years old fraying of relations with his former justice minister, other than to say that Supreme Court appointments are always a decision left in the hands of the prime minister. (more...)
Fed's Harker Says Central Bank May Raise Rates This Year Despite Risks Fed's Harker Says Central Bank May Raise Rates This Year Despite Risks
- March 29, 2019

The interest rates that are now between ranges 2.25 percent and 2.50 percent are still at historic lows but interest rates have not been hiked. Harker also addressed the Fed's efforts to unwind the massive holdings of long-term Treasurys and mortgage-backed securities amassed during quantitative easing. (more...)
Huawei Rebuked by Britain for Security Failings, More Flaws Disclosed Huawei Rebuked by Britain for Security Failings, More Flaws Disclosed
- March 29, 2019

It's worth noting that, while some countries such as Australia have banned Huawei's equipment due to potential Chinese intelligence ties, others have blocked it due to concerns about security flaws that might be fixable. The report comes at a times when the U.K.is preparing to roll out 5G mobile networks . Huawei is already a major player in Britain's 4G network, prompting the British government to set up a system to detect the risks and deter the threat, rather than push the company out ... (more...)
Singapore's gender pay gap higher than official estimates at 12.8% Singapore's gender pay gap higher than official estimates at 12.8%
- March 29, 2019

Germany had the largest unadjusted gap of the countries studied, with women earning about 78 cents per euro earned by men, while France had the smallest unadjusted gap with women earning about 88 cents per euro. The other 16% is the categorization of male and female workers according to industries and occupations. "Though a promising sign, it should not detract from the larger fact that significant pay gaps remain around the world, even after controlling for workplace and job factors". (more...)
Lyft IPO stock price set at $72, for $24 billion valuation Lyft IPO stock price set at $72, for $24 billion valuation
- March 29, 2019

Yet the sector is fraught with questions about the future of automated driving, regulatory pushback and legal challenges over drivers' pay and benefits. "If you gave 10,000 rides for Lyft , you actually were a big part of helping build this company". Morningstar, traditionally a more conservative sell-side firm, has the highest target yet for Lyft's yet-to-trade stock but says the company's economic moat may be smaller than investors may want. (more...)
Reserve Bank keeps interest rates unchanged Reserve Bank keeps interest rates unchanged
- March 29, 2019

During its monetary policy meeting, the central bank said, "the more likely direction of our next OCR move is down". This weaker outlook has prompted central banks to ease their expected monetary policy stances, placing upward pressure on the New Zealand dollar . (more...)
Hamad International Airport ranked fourth best airport in the world Hamad International Airport ranked fourth best airport in the world
- March 29, 2019

The airport also nabbed the award for best airport hotel, thanks to its Crowne Plaza Changi Airport and its leisure facilitates also got recognised. Frankfurt Airport, in Germany, dropped out of the top 10, after holding the number 10 spot for the past two years. The awards recognize HIA's innovative facilities, five-star customer service and state-of-the-art terminal which accommodates more than 30 million passengers annually. (more...)
Head of Ontario Power Generation tops province's annual Sunshine List Head of Ontario Power Generation tops province's annual Sunshine List
- March 29, 2019

He was among the top 25 highest salaries in the province. The list details who and how many people working in the public sector made more than $100,000. Hamilton Health Sciences President and CEO Rob MacIsaac is 22nd on the list after earning $633,057 past year. Last month, the city announced that Thomson would be stepping down from his position after the two parties "mutually agreed to part ways". (more...)
Powell River-bound ferry rider faces disruption at Langdale Powell River-bound ferry rider faces disruption at Langdale
- March 28, 2019

About 200 passengers were on board the Queen of Surrey when the ferry struck the dock Tuesday morning, CTV News reports . BC Ferries says in a statement no injuries to passengers or crew were reported when the Queen of Surrey hit the berth at the Langdale terminal as it was attempting to dock after arriving from Horseshoe Bay. (more...)
Coles partners with Ocado to boost its online grocery shopping business Coles partners with Ocado to boost its online grocery shopping business
- March 28, 2019

Weeks after Ocado's shares were knocked by the news of a fire at its warehouse in Hampshire, the company said that it had signed a deal to enter a partnership with Coles, one of the biggest supermarkets in Australia. For bricks and mortar retailers, online can be a more costly channel to serve the customer. The warehouses are expected to operate in a similar manner to Ocado's United Kingdom operations, where the facilities are operated by an army of robots that pick individual grocery ... (more...)
Microsoft took control of 99 websites owned by an Iranian hacking group Microsoft took control of 99 websites owned by an Iranian hacking group
- March 28, 2019

By seizing the 99 domains previously controlled by APT35, Microsoft was able to take over parts of the hacking group's core operations and "redirect traffic from infected devices" the Digital Crime Unit's sinkhole , thus collecting important info on the group's operations. (more...)
Wow Air sold tickets minutes before collapse Wow Air sold tickets minutes before collapse
- March 28, 2019

Iceland's budget airline WOW announced Thursday that it had ceased operations and canceled all flights. As of now, the airline is encouraging passengers to contact their credit card companies for status updates on refunds and to check available flights with other airlines. (more...)
USA jury awards man $80m in Monsanto Roundup cancer case USA jury awards man $80m in Monsanto Roundup cancer case
- March 28, 2019

Hardeman said he used Roundup products to treat poison oak, overgrowth and weeds on his San Francisco Bay Area property for years. During the first phase of the trial last week, the jury dealt a blow to Monsanto , saying Roundup was a substantial factor in causing Hardeman's non-Hodgkin lymphoma. (more...)
Man shares polarizing ‘St. Louis secret’ bagel order on Twitter Man shares polarizing ‘St. Louis secret’ bagel order on Twitter
- March 28, 2019

A St. Louis weatherman, now based in Washington DC, set off an internet firestorm in recent days when he posted a picture of the bagels he brought into work - sliced like loaves of bread . Louis-style" foods, like peanut butter and jelly sandwiches. Not even cereal is safe. After the initial anger over the travesty that is sliced bagels passed, "St. (more...)
Emissions growth in United States, Asia fueled record carbon levels in 2018 Emissions growth in United States, Asia fueled record carbon levels in 2018
- March 28, 2019

Overall demand for energy rose at the fastest pace in 10 years in 2018 as the global economy expanded strongly and more extreme temperatures saw increased need for heating and cooling. Though the use of renewable energy is also growing-solar alone by 31 percent-the IEA said it was not enough to meet global energy demands, with a boom in natural gas accounting for 45 percent of the rise in energy consumption worldwide. (more...)
Apple blocks person-to-person credit card payments without Apple Card Apple blocks person-to-person credit card payments without Apple Card
- March 28, 2019

The use of this digital credit card could sink one deeper into debt, considering the enticing cash back rewards. That being said, Sven Schindele, banking products director at Tandem focused on the lack of geographic reach for the Apple Card , telling Techworld that, "the Apple Card is an American product for the American market". (more...)
Taco Tirade: Man Goes On Rant At Mexican Restaurant Taco Tirade: Man Goes On Rant At Mexican Restaurant
- March 28, 2019

According to CBS , the cashier pointed to the sign on the inside of the restaurant that states in English the fish tacos are a Friday special at the advertised price. That's when Del Rio grabbed his cellphone and took video of the man leaving in his auto, saying that he was going to call immigration because the man said Del Rio "is not legal". (more...)
London Named Best Destination In The World By TripAdvisor London Named Best Destination In The World By TripAdvisor
- March 28, 2019

London topped the list, while Paris landed in second, ahead of Rome (third); Crete, Greece (fourth); and Bali, Indonisia (fifth). TripAdvisor has published Tuesday (March 26) its list of countries acclaimed by users of the platform in 2019. (more...)
Oil slips on supply disruptions, sanctions Oil slips on supply disruptions, sanctions
- March 28, 2019

Both crude oil price benchmarks closed down last week after briefly hitting their highest since November 2018. USA crude futures' gains were sharper, rising $1.12, or 1.9 percent, to $59.94 a barrel, ahead of government inventory data. "Estimates for growth and earnings have been revised down materially across all major regions", said USA bank Morgan Stanley. The Organization of the Petroleum Exporting Countries ( OPEC ) and non-affiliated allies such as Russian Federation, together ... (more...)
Ryanair ruthlessly mocked after trolling of British Airways’ flight blunder backfires Ryanair ruthlessly mocked after trolling of British Airways’ flight blunder backfires
- March 27, 2019

However, the attempt to poke fun at British Airways prompted a series of sarcastic and critical remarks from Twitter users. The low-priced airline tagged its United Kingdom competitor in a photo of Geography for Dummies in a post on Twitter shortly after news of the flight's surprise stopover broke. (more...)
Geely set to buy major stake in Smart from Daimler Geely set to buy major stake in Smart from Daimler
- March 27, 2019

The immediate future of Smart has been the subject of intense speculation since Daimler announced chairman Dieter Zetsche would step down from his role in May 2019 after 13 years at the head of the German vehicle maker. In its latest attempt to make Smart profitable, Daimler turned the marque into an EV-only maker . This process, however, may be too costly long-term, according to Handelsblatt . (more...)
Three Virginia tickets each win $50,000 in Powerball Three Virginia tickets each win $50,000 in Powerball
- March 27, 2019

The Virginia Lottery says that no one in Virginia or anywhere else matched all six numbers to win the jackpot, the estimated jackpot for Wednesday's drawing is $750 million. Tickets cost $2 apiece and the winning numbers are drawn every Wednesday and Saturday at 7:59 p.m. PT. Players can multiply non-jackpot prizes with the Power Play option for an additional $1 per play. (more...)

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