Friday, 17 August 2018
Latest news
Home » Economy

Economy

Mitch McConnell cancels bulk of Senate's August recess

perth_map

Doing so could court a veto and bruise their standing with Trump voters they need in midterm elections. Bill Nelson is calling " raw politics ", Senate Majority Leader Mitch McConnell has canceled most of the Senate's August recess, forcing would-be campaigning senators to remain in Washington for most of the month. Read More »

U.S. citizen killed in Nicaragua amid unrest

perth_map

Pope calls for dialogue Pope Francis on Sunday called for dialogue in Nicaragua. The U.N. human rights office is calling on the Nicaraguan government to conduct an impartial investigation into the violence and is urging government forces to prevent further aggression and stop the violence. Read More »

Iconic breakfast chain IHOP is changing its name and people are SHOOK

perth_map

Guesses from followers included "breakfast", "brunch", "bacon", "burritos" and "biscuits", but the restaurant told fans they'd have to wait until June 11 to know for sure. Both the name and restaurant have since become recognized worldwide for anything breakfast, particularly the pancakes. Now, the company is asking people to guess at what the "B" could stand for. Read More »

Canada Rejects U.S. Push To Replace NAFTA With Bilateral Trade Deal

perth_map

On his way into question period Andrew Leslie, the Parliamentary Secretary for Canada-U.S. Relations, was quick to dismiss the idea. Talks to update NAFTA, which has been in place since 1994, have stalled recently as a result of demands from Canada and Mexico that the USA drop a number of provisions, including one that would see the trade deal expire after five years and provisions related to wages of Mexican autoworkers. Read More »

Qatar Airways CEO Says Women Can't Do His Job Because It's Hard

perth_map

Al Baker also attempted to fix the damage in a subsequent interview, telling Bloomberg News that he had only been referencing one person, rather than the entire staff. He eventually went on to tell Bloomberg: "We actually encourage women". Last year, Mr Baker was forced to apologised "unreservedly" for his unflattering description of U.S. Read More »

Elon Musk fends off challenge to Tesla control

perth_map

Manufacturing bottlenecks have delayed the delivery of vehicles to customers and deferred much-needed revenue as the company continues to spend heavily on Model 3 production fixes, as well as projects in the pipeline. Shares in Tesla have proved volatile in recent months and fell to a record low of about $252 in April. He had been targeting 5,000 a week by around the end of June, a rate he said will allow Tesla to become profitable in the third quarter and cash-flow positive in each of ... Read More »

Murdoch bid for Sky to go ahead with sale of Sky News

perth_map

In a provisional ruling in January, U.K. regulators said the Fox-Sky deal should be blocked. Fox's bid for Sky can go ahead, provided the USA media company sells Sky News, Culture Secretary Matt Hancock said in Parliament Tuesday. Its customer base now numbers almost 23 million homes, a major prize for media groups that want to scale up against online groups Netflix and Amazon. Read More »

92 million MyHeritage users had their data quietly swiped

perth_map

MyHeritage doesn't believe any other systems were compromised. MyHeritage learned of the breach only after the researcher, who was not named, contacted the company's chief information security officer, Omer Deutsch. So the passwords are probably safe, but MyHeritage has advised all its users to change theirs regardless, and they should. Hashing passwords is a one-way encryption process allowing sensitive data to be stored easily, and although there are theoretically ways to reverse ... Read More »

Koch network launches campaign against Trump tariffs

perth_map

It looks like Canada is getting some help standing up to the bully - Canadian Prime Minister Justin Trudeau , French President Emmanuel Macron and several other world leaders are fighting back against Trump after his decision to slap aluminium and steel tariffs on close US allies. Read More »

Google Plans Not to Renew Its Contract With Pentagon

perth_map

Google will not renew a contract to help the USA military analyse aerial drone imagery when it expires in March, a person familiar with the matter said on Friday, as the company moves to defuse internal uproar over the deal. Earlier this year, an internal Google email leaked with news that the company had partnered with the Department of Defense on a surveillance program known as Project Maven . Read More »

Starbucks' Howard Schultz steps down as executive chairman

perth_map

Schultz, who had returned as the company's CEO in 2008, was credited with turning around Starbucks' fortunes . Starbucks said the company's stock rose more than 21,000% since its 1992 initial public offering. Starbucks' board named Myron Ullman, who was previously chairman and CEO of struggling retailer J.C. Penney, as its new chair and Mellody Hobson vice chair effective upon Schultz's retirement. Read More »

How to Watch Apple's WWDC Keynote This Evening

There's a big focus on device speed, with every model back to the 5S standing to get a performance boost if you upgrade to iOS 12. But you can also watch the full keynote from Apple's live stream. You can also set time limits for each app. "They beg us to use their apps". Starting with Do Not Disturb , a new "Do not disturb during bedtime" will hide your notifications . Read More »

Pentagon project causing "existential crisis" within Google

perth_map

Under the program, which Google entered in September a year ago, the company has provided the military with artificial intelligence software to perform real-time analysis of drone surveillance footage. However, internal e-mails obtained by Gizmodo tell a different story: senior leadership at Google was very supportive of the project and were excited by the opportunity for more government projects. Read More »

Three winning tickets for prizes in last night's draw sold locally

perth_map

The victor or winners of the jackpot have one year from the draw date to claim the prize, the statement said. Last night's DAILY GRAND jackpot was won by a ticket sold somewhere in the province, outside both Edmonton and Calgary. The winning ticket was sold in Whitty's Mace store in Caherdavin in the north of the city, a Lotto spokesperson has confirmed. The Lotto 6/49 draw for Saturday, June 2nd is an estimated $5 million dollars. Read More »

Solidarity in euro zone should not lead to debt union, Merkel says

perth_map

Merkel noted that rapid reaction force must act in the wider framework of the European Union. She said that while solidarity among members of the single currency bloc was important that principle "should not lead to a debt union". Merkel said in Sunday's interview that she supports creating a European Monetary Fund - similar to the International Monetary Fund - that could help stabilize the eurozone by offering long- or short-term loans to member nations. Read More »

Microsoft Surpasses Google in Market Value, Now Worth $760 Billion

perth_map

On Tuesday, the software giant ended regular trading with a market cap of $753 billion, which was better than Google parent's $ 739 billion . The company is now valued at $760bn while Alphabet is valued at $739bn making Microsoft the third most valuable company in the world after Apple and Amazon. Read More »

Unemployment Falls To Lowest Levels Since Dot-Com Boom

perth_map

The upward momentum on Wall Street comes on the heels of the release of a report from the Labor Department showing stronger than expected job growth in the month of May. Professional and business services took on 31,000 workers. But even when counting the unemployed who've looked for a job over the past 12 months and also those who'd like a full-time job but have to settle for part-time jobs, the numbers stand at 7.6 percent , the best numbers since 2001. Read More »

Dog found dead in carrier during layover on NJ-bound flight

perth_map

The attendant checked again about two hours later and the dog was dead. That's exactly what happened, and somebody has to be responsible for it. "He was in their care and they didn't take care of him". A second Delta spokesperson said the airline had come to an agreement with Oshan about when and where he could retrieve the remains. Alejandro, a Pomeranian, was found dead during a layover in Detroit on Wednesday. Read More »

Visa investigating payment disruption

perth_map

Visa (NYSE:V) last issued its earnings results on Wednesday, April 25th. Some retailers resorted to putting up notices warning customers that they were unable to take card payments. The issue affects Visa credit card holders who are trying to pay for items or withdraw cash from ATMs. Tom Mitchell, from Kent, said the money left his Natwest account, but his bank told him it was up to Visa to complete the transaction - instead, his money has been left in "limbo". Read More »

Alibaba to invest over 100 billion yuan on smart logistics

perth_map

It also aims to push 72-hour delivery to the rest of the world. It then had unveiled plans to set aside 100 billion yuan over five years to boost its logistics network. What has made it possible is Cainiao's efforts in driving industry digitalization. China's logistics landscape has undergone massive change in recent years, reaching unprecedented scale. Read More »

Google won't renew its military AI contract

Google cofounder Sergey Brin has spoken at length about the subject with Larry Page, CEO of Google's holding company, Alphabet, and Google CEO Sundar Pichai , according to the New York Times . We've reached out to Google and The Pentagon for more information. The firm hoped to build a "Google-earth-like" surveillance system that enabled military analysts to "click on a building and see everything associated with it" and construct graphs of things like vehicles, people and other ... Read More »

Amazon to block Australians from global websites due to tax

perth_map

The changes referred to relate to a decision to scrap the previous $1000 threshold for imposing GST on online purchases from overseas. Amazon only launched a local Australian site last December, shipping from a warehouse in Melbourne with another planned in Sydney . Read More »

S&P cuts Deutsche Bank rating in latest blow for Sewing's revamp

perth_map

Turning to the downgrade, Sewing noted S&P's decision to keep a stable rating on Deutsche's outlook, reflecting the ratings agency's view that the bank's management was working towards a "better-functioning business model". It's still too early to determine what, if any, impact the Fed's influence will have on Deutsche Bank in the long term. S&P had rated Deutsche's long-term credit at A- on negative credit watch. Read More »

Air India Sale Fails Due to Inflexibility of Indian Government?

perth_map

Private firm Ernst and Young has been appointed the "Transaction Adviser" (TA) for the process. Air India's total debt stood at over Rs 48,000 crore at the end of March 2017. "According to Hormuz P Mama, a veteran aerospace journalist and author, It (Thursday's development) was fully expected as the government made all the possible mistakes, and was still expecting investors to invest in the airline". Read More »

Australia's minimum wage to rise 3.5 percent, no inflation pressure seen

perth_map

ACTU secretary Sally McManus welcomed the decision, saying it was the biggest percentage increase the commission has awarded. Australia's lowest-paid workers are set to get a pay rise of $24.30 a week from July 1. "Such adverse effects will impact on those groups who are already marginalised in the labour market and on households vulnerable to poverty due to loss of employment or hours". Read More »

Sydney Hotel Valet Attempts to Park Porsche, Goes Horribly Wrong

perth_map

Most likely, the valet mistook drive for reverse, but it's still hard to comprehend why, when he saw the auto moving forward, he continued to press the accelerator pedal. The larger vehicle was propped up and its wheels were anchored while the vehicles were separated. The black Porsche is then backed on to a tow truck, with its hood and front bumper appearing crunched and badly dented. Read More »

OPEC: Where are oil prices heading?

perth_map

At the same time, however, oil producers are anxiously seeking to pre-empt further, more public pressure from the Trump White House to bring oil prices down with the famous Trump tweet about "unfair OPEC prices" and the US media has been highlighting the higher gasoline prices and how it is likely to fully or partially offset the intended gains to spending and demand in the tax cuts putting the Republicans on the defensive in the upcoming US Congressional elections. Read More »