Business


European Union chief Brexit negotiator confirms to meet with Irish PM in Dublin European Union chief Brexit negotiator confirms to meet with Irish PM in Dublin
- April 09, 2019

He said the EU's goals "are to protect the Good Friday Agreement, peace on this island and the integrity of the single market". "The backstop is now the only solution we have found to maintain the status quo on the island of Ireland", he said. (more...)
‘European Union’ removed from new United Kingdom passports ‘European Union’ removed from new United Kingdom passports
- April 08, 2019

The UK government has started issuing British passports without the words "European Union" even though the UK remains a full member of the bloc. Despite the uncertainty, Home Secretary Sajid Javid said it was only "sensible and efficient management" to begin transitioning to passports without European Union headers. (more...)
Oil Prices Retake $70 A Barrel Oil Prices Retake $70 A Barrel
- April 08, 2019

Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the US-China trade talks. Normally that sort of news would have been a negative but analysts reckon OPEC has cut its output a bit more thane expected, while U.S. crude production seems to have stalled around 1.21 million to 12.2 million after the strong gains seen in 2018. (more...)
Canada loses 7,200 jobs, its first employment drop in seven months Canada loses 7,200 jobs, its first employment drop in seven months
- April 07, 2019

Restaurants added 27,300 jobs, in line with its average 25,700 jobs over the past year. The six consecutive months of rising employment, that began in September, added around 300,000 jobs. In manufacturing, the average workweek was unchanged in March at 40.7 hours, while overtime decreased by 0.1 hour to 3.4 hours. Average hourly wages were up 3.2% from a year ago, compared to the 3.4% one-year gain reported in February. (more...)
Ford Escape: this is it! Ford Escape: this is it!
- April 07, 2019

The mid-sized five-seat Ford Escape will be bigger and stronger than the current auto, but will also manage to be lighter to the tune of up to 90kg. "From Fiesta to Transit, every new vehicle that we introduce will feature an electrified version that best suits the needs and pockets of our customers across Europe". (more...)
Brexit Prompts First Tie Vote in Britain's House of Commons Since 1993 Brexit Prompts First Tie Vote in Britain's House of Commons Since 1993
- April 07, 2019

Meanwhile, May's move infuriated pro-Brexit Conservatives who say Britain must make a clean break with the European Union in order to take control of its laws and trade policy. Fervent EU critic Jacob Rees-Mogg said the prime minister's decision to seek an alliance with Corbyn meant she was collaborating with a "known Marxist" . (more...)
Constellation Brands records 7% net sales rise in fiscal year 2019 Constellation Brands records 7% net sales rise in fiscal year 2019
- April 07, 2019

Excluding certain items, the company earned $1.84 per share compared to the average analysts' estimate of $1.71. Constellation's fourth quarter and full-year results help bolster the decision the Victor-based company announced on Wednesday , to sell around 30 wine and spirits labels to E. (more...)
Trump recommends Herman Cain for Federal Reserve Trump recommends Herman Cain for Federal Reserve
- April 07, 2019

In Cain and Moore, Trump would place two political loyalists on the board of a central bank that has frequently crossed him. Why it matters: It's likely confirmation that Trump is ready to move ahead with the former presidential candidate, whose possible nomination was reported by Bloomberg in January. (more...)
Amazon To Launch 3,236 Satellites For High-Speed Global Internet Amazon To Launch 3,236 Satellites For High-Speed Global Internet
- April 06, 2019

In November, Amazon announced that it would build 12 ground stations to transmit data to and from satellites, indicating grander space ambitions. In brief: As Internet connectivity becomes a progressively instrumental part of modern society, tech giants like Amazon are increasingly seeing the value in connecting those unserved by current solutions. (more...)
Trump visits border wall On Air Trump visits border wall On Air
- April 06, 2019

Trump said the drug-related tariff would supplant provisions of a trade deal, the U.S. -Mexico-Canada Agreement, known as USMCA, which has not been approved by Congress. ABC has not been able to independently confirm Trump's claims that Mexico is stopping migrants from entering Mexico or deporting them. "Also, I'm looking at an economic penalty for all of the drugs that are coming in through the southern border and killing our people", Trump told reporters in Washington before ... (more...)
Bezos' ex-wife to surrender 75% of couple's Amazon shares Bezos' ex-wife to surrender 75% of couple's Amazon shares
- April 06, 2019

Sanchez has been a part of the "Extra" family for years, from her days as a weekend host to her recent visit for the kickoff of our 25th-anniversary season. 'In all our work together, MacKenzie's abilities have been on full display. She was taught by Pulitzer Prize-winning author Toni Morrison at Princeton University, who once said of her pupil that she was "one of the best students I've ever had in my creative-writing classes... (more...)
Economists call for at least 25 bps rate cut by RBI Economists call for at least 25 bps rate cut by RBI
- April 06, 2019

The RBI MPC's three-day meeting started on Tuesday with the Investors hoping that the central bank will go for a 25 bps rate cut in its monetary policy announcement. "Taking into consideration these factors and assuming a normal monsoon in 2019, the path of CPI inflation is revised downwards to 2.4 per cent in Q4:2018-19, 2.9-3.0 per cent in H1 (first half):2019-20 and 3.5-3.8 per cent in H2:2019-20, with risks broadly balanced", the RBI said. (more...)
Detained again, Nissan ex-chief Ghosn says arrest is 'outrageous' Detained again, Nissan ex-chief Ghosn says arrest is 'outrageous'
- April 06, 2019

How is he fighting back? A silver van believed to be carrying Ghosn later left the residence, NHK said. Prosecutors said Ghosn was arrested this time on suspicion he diverted $5 million from funds that were being relayed from a Nissan subsidiary to an overseas dealership. (more...)
$100 Million Bitcoin Order Bursts Cryptocurrency Market $100 Million Bitcoin Order Bursts Cryptocurrency Market
- April 05, 2019

Ethereum's ether and Ripple's XRP , respectively the second- and third-largest coins, both jumped by more than 10 percent. These kinds of Surge has not happened the first time. "You trigger other order books to play catch up, and that creates a buying frenzy". He further added that 6 million trades were available in an hour of bitcoin's huge surge. (more...)
Rare glimpse into Saudi Aramco shows $111 billion net profit Rare glimpse into Saudi Aramco shows $111 billion net profit
- April 05, 2019

Aramco's core earnings surpass those of Apple, ranked by Forbes as the world's top company in terms of profits previous year, which had normalized core earnings, or EBITDA, of $81.8 billion. The main rationale for such a massive IPO would be to secure funds for the kingdom's sovereign wealth fund-the Public Investment Fund (PIF)-to move forward with its global investments, Tuvey says. (more...)
Amazon's Jeff Bezos and wife MacKenzie finalize divorce Amazon's Jeff Bezos and wife MacKenzie finalize divorce
- April 04, 2019

In a tweet, Bezos said on Thursday that while she will retain one-quarter of the couple's stake in Amazon, the company they founded out of their garage in 1994, she will hand over all of the voting shares to Jeff "to support his continued contributions with the teams of these incredible companies". (more...)
Here’s Everywhere You Can Score Deals for National Burrito Day 2019 Here’s Everywhere You Can Score Deals for National Burrito Day 2019
- April 04, 2019

National Burrito Day falls on the first Thursday of April, and this year it will be on April 4. And for National Burrito Day many Southwest-themed chains are getting in on the fun. Tijuana Flats has a special burrito deal every Thursday : one burrito, chips, and a drink for $5.99. Again, this is an in-person deal, and make sure you present the coupon when you order. (more...)
RBI's repo rate cut to boost home sales
- April 04, 2019

The RBI MPC's three-day meeting started on Tuesday with the Investors hoping that the central bank will go for a 25 bps rate cut in its monetary policy announcement. Last time the central bank cut rates was in August of 2017. Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday to lower its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. (more...)
National Living Wage increase for nearly two million workers National Living Wage increase for nearly two million workers
- April 03, 2019

Younger workers receive lower hourly rates, with workers aged 21-24 seeing their minimum wage lifted from £7.38 to £7.70, and for those aged 18-to 20 from £5.90 to £6.15. "We are pleased that millions of workers across the country will see an above-inflation pay rise as a result of today's minimum wage increases, which follow the recommendations the LPC made in the autumn". (more...)
Ferrero snaps up Kellogg's snacks - English Ferrero snaps up Kellogg's snacks - English
- April 03, 2019

Kellogg is selling its iconic Keebler cookie brand and other sweet snacks businesses to Ferrero for $1.3 billion. Among the businesses are Keebler and Famous Amos , as well as several smaller ones including fruit snacks and cookies manufactured for Girl Scouts of the USA. (more...)
Bloomberg Begins Adding China Bonds to Its Global Index Bloomberg Begins Adding China Bonds to Its Global Index
- April 03, 2019

Despite being the third-largest in the world after the US and Japan, China's bond market features low worldwide participation with foreign investments accounting for a mere 2.4 percent of the local bond market. "Global investors would have the opportunity to invest in the third-largest bond market in the world, get the portfolio diversification benefit, obtain relatively higher bond yield compared to other developed bond markets and exposure to Chinese yuan bond and currency returns", said ... (more...)
White House adviser contradicts Trump on border plan White House adviser contradicts Trump on border plan
- April 03, 2019

NATO Secretary General Jens Stoltenberg and President Donald Trump shake hands in the Oval Office at the White House on April 2, 2019. "It's a handy shorthand way of illustrating how an abstract issue like worldwide trade actually affects people's lives day by day.it gets people to understand the interconnectedness of the global marketplace and demonstrates the benefits of globalization". (more...)
Construction buyers report another month of falling output Construction buyers report another month of falling output
- April 03, 2019

Commercial construction was the worst performing segment during the month, with business activity dropping to the greatest extent for a year. Widespread reports show the political uncertainty surrounding Brexit constrained demand in March, with clients waiting for clarity on Brexit before committing to new projects. (more...)
DUP accuses PM of ‘sub-contracting out’ Brexit arrangements
- April 03, 2019

Mr Corbyn said he would be "very happy" to meet. Mrs May has been trying for weeks to sell her deal to Tory rebels and her allies in Northern Ireland's DUP. We recognise that she has made a move'. I recognise my responsibility to represent the people who supported Labour in the last election and the people who didn't support Labour but nevertheless want certainty and security for their own future. (more...)
Rajan Anandan is full-time angel with Sequoia Capital Rajan Anandan is full-time angel with Sequoia Capital
- April 03, 2019

Anandan, who has been working with Google for the past eight years, in a letter to employees said, it is time for him to move on and pursue new challenges. He has also held several executive roles at MNCs including Dell India, and at McKinsey & Company in Chicago. "His passion and commitment for the early stage ecosystem as an angel investor par excellence and his unique ability to connect with founders will inspire them to think bigger, move faster and be different", said Ravi Gururaj, ... (more...)

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