Business

Dead dog found on Delta flight during Detroit-area airport layover

Dead dog found on Delta flight during Detroit-area airport layover Dellegrazie's attorney, Evan Oshan, told Good Morning America that the plane had made a stop in Detroit and Alejandro was checked on. Delta adds it is conducting a thorough review of the situation to find out why this may have occurred to ensure it doesn't happen again. [Full Article...]

Price cuts in China follow tariff reduction announcement

Price cuts in China follow tariff reduction announcement The negotiations with ZTE come as U.S. Commerce Secretary Wilbur Ross heads to Beijing this weekend for trade talks. If the United States implements trade sanctions including tariffs then all outcomes of the China-US trade talks will be void, state news agency Xinhua said on Sunday following high-level trade discussions in Beijing. [Full Article...]

USA may open door to more temporary immigrant workers, Trump aide says

USA may open door to more temporary immigrant workers, Trump aide says On Friday, the U.S. Labor Department reported an acceleration of job growth in May and a drop in the unemployment rate to an 18-year low, potentially creating a labor market squeeze that could force employers to pay higher wages to find qualified workers. [Full Article...]

Uber CEO doubles down on self-driving tests

Uber CEO doubles down on self-driving tests That said , Buffett may view Apple and Uber less as technology companies than strong brands with loyal customers. "I have a long relationship with Google and we have a trust level", Khosrowshahi explained during the conference. [Full Article...]

Chinese shares rebound ahead of MSCI inclusion

Chinese shares rebound ahead of MSCI inclusion Kweichow Moutai, China's leading liquor brand, climbed 3.48 percent to 751.13 yuan. The step is expected to lead to billions of dollars of new foreign investment in the Chinese shares by global funds that match their portfolios with MSCI indices . [Full Article...]

Visa debit cards not working in European-wide outage

The disruption is also affecting some online transactions, the company said . On Friday, Visa said the system was "close to normal" five hours after publicly acknowledging the problem. The BBC posted a picture of a London supermarket worker standing outside holding a sign reading: "cash only". "We will keep you updated". She was flustered trying to pay her bill and then add the extra value ... [Full Article...]

Singapore Airlines' Longest Flight, 19 Hours to NY Area, Starts in Oct

Singapore Airlines' Longest Flight, 19 Hours to NY Area, Starts in Oct Covering a distance of approximately 16,700km, the non-stop flight will take around 18 hours and 45 minutes - a route that will initially be served three times a week. The aircraft is, however, the most advanced available for long-haul flights, featuring higher ceilings, larger windows, an extra wide body and lighting created to reduce jetlag. [Full Article...]

No need to intervene in Italy crisis - European Central Bank sources

No need to intervene in Italy crisis - European Central Bank sources This positive inflation data from European market materially bolsters the probability that the central bank will announce its plans to normalize policy at its next meeting. CURRENCIES: New jitters about the stability of the euro sent the currency's value against the dollar to its lowest level in nearly a year. That could have major implications for the European financial system and its econ... [Full Article...]

Italian populists announce government deal to take power

Italian populists announce government deal to take power The populists cried foul and abandoned their joint bid for power. Italy faces political chaos after two populist parties failed to form a government. "The next elections will be a plebiscite, the people and real life against the old castes and the Lords of the Spread", Salvini said, referring to financial speculators, in a statement issued by his League. [Full Article...]

EU, Mexico respond to USA tariffs on steel and aluminum

EU, Mexico respond to USA tariffs on steel and aluminum An official statement from the European Commission says it is determined to shield the EU steel and aluminium markets from damage caused by additional imports that might be coming into the EU as a result of the closure of the United States market. [Full Article...]

Aussie Shoppers Blocked From Using Amazon's US Website

Aussie Shoppers Blocked From Using Amazon's US Website This coincides with GST changes where online retailers will have to apply the 10 per cent GST to goods bought from overseas sites and shipped to Australia, where now the tax only applies to imports of goods above $1,000. A spokesman for Amazon said customers would be able to use a new derivative of its brand, Amazon Global. The GST collection requirement came after years of intense lobbying from... [Full Article...]

In Italy, Populists' Bid To Form Government Fails After Presidential Veto

In Italy, Populists' Bid To Form Government Fails After Presidential Veto Italian Prime Minister-designate Giuseppe Conte has failed to form a coalition government and resigned after President Sergio Mattarella vetoed his choice of economy minister. Cottarelli, 64, was director of the IMF's fiscal affairs department from 2008 to 2013 and became known as "Mr Scissors" for making cuts to public spending in Italy. [Full Article...]

Petrol price cut by 7 paise per litre, diesel by 5 paise

Petrol price cut by 7 paise per litre, diesel by 5 paise To be sure, with both those trends set to reverse, fuel prices should decline, experts said. "The reduction was supposed to be 1 paisa but due to a clerical error the price prevailing on May 25 was communicated as today's price", said a senior official of the state-owned Indian Oil Corporation. [Full Article...]

United States to push steel, aluminum tariffs on EU, Canada and Mexico

United States to push steel, aluminum tariffs on EU, Canada and Mexico More details to follow ... Interested in Donald Trump? "It's not everyone attacking the other and we see who remains standing at the end", he said, declaring that the stiff taxes would be "unjustified, unjustifiable and dangerous". Tariffs on steel and aluminum imports to the US can help local producers of the metals by making foreign products more expensive. While not confirming directly... [Full Article...]

Tesla Autopilot implicated in another emergency-vehicle crash

Tesla Autopilot implicated in another emergency-vehicle crash Tesla has said the use of Autopilot results in 40 percent fewer crashes, a claim the U.S. National Highway Traffic Safety Administration repeated in a 2017 report on the first fatality, which occurred in May 2016. In March, a Model X crashed into a highway barrier in California. The driver, a 65-year-old from Laguna Niguel, Calif., told officers that he had engaged the car's partial ... [Full Article...]

As Starbucks closes, Chicago black-owned coffee shop opens up racial discourse

As Starbucks closes, Chicago black-owned coffee shop opens up racial discourse As they discussed their next steps, a line formed in the drive-thru as tired motorists waited for a barista who was not coming. "What we're doing today is historic, there's no company in America that has ever done anything quite like this", said Howard Schultz , executive chairman and founder of Starbucks. [Full Article...]

Ottawa's planned purchase of pipeline elicits shock, disappointment

Ottawa's planned purchase of pipeline elicits shock, disappointment Finance Minister Bill Morneau unveiled the government's long-awaited, big-budget strategy on Tuesday to save the plan to expand the oilsands pipeline. The Alberta government also has pledged a contingency fund of up to about $1.5 billion to provide emergency funds to the project if unforeseen circumstances arise. [Full Article...]

Federal Bureau of Investigation urging people to reboot routers, due to malware threat

Federal Bureau of Investigation urging people to reboot routers, due to malware threat The FBI is recommending any owner of small office and home office routers immediately power cycle (reboot) the devices. The malware is able to perform a number of functions, including possible information collection, device exploitation, and blocking network traffic. [Full Article...]

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai The revisions continued till just before the general elections in 2004 when oil companies went slow and after a Congress-led UPA came to power the entire process was reviewed as the worldwide oil prices started moving up. As petrol and diesel are left outside GST, their prices and quantum of increase vary from state to state depending upon local taxes. This will push up the deficit of Centre, ... [Full Article...]

Govt considers windfall tax on oil producers; ONGC drops 5%

Govt considers windfall tax on oil producers; ONGC drops 5% Rising fuel prices is a crisis situation for the government. While the Centre has increased excise duty, certain States have increased Value-Added Tax and surcharge, which are having an impact on oil prices. In recent days, petrol and diesel prices have surged to a record high, leaving the common man hassled. Petrol gained 14 paise while diesel saw hike of 17 paise. [Full Article...]


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