Sunday, 24 June 2018
Latest news
Home » Economy

Economy

Mercedes To Recall 774К Diesels In Europe Over Emissions Issues

perth_map

According to an official statement by the ministry, selected Vito , C-Class and GLC models in Germany are involved in this recall. German authorities have been cracking down on manufacturers since the Volkswagen Dieselgate scandal first besmirched the reputation of its domestically produced vehicles. Read More »

AT&T, Time Warner Merger Approved by Judge

perth_map

Comcast's deal is expected to be announced tomorrow. Leon said the government's objections "rested on improper notions" and warned against an appeal. In making its case, the USA government argued that the merger of AT&T could harm consumers in a number of ways. From Comcast's bid for 21st Century Fox to CVS's acquisition of Aetna, massive corporations increasingly have sought to expand their reach by buying up companies in different lines of business. Read More »

Tesla is laying off about 3,600 workers

perth_map

Musk said that Tesla would provide laid off workers with "significant salary and stock vesting". Instead, he said that the cuts were made to job functions that, "are hard to justify today". At the time, Tesla had 33,000 employees, suggesting that Tesla's headcount is still on an upward trajectory overall. Musk wrote in the email that the company will never achieve its mission to help move the world to cleaner energy "unless we eventually demonstrate that we can be sustainably profitable". Read More »

Watchdog Blasts Amazon for Conditions at Chinese Echo Factory

perth_map

Taiwan-based Foxconn , known formally as Hon Hai Precision Industry Co Ltd (2317.TW), is the world's largest contract electronics manufacturer and employs more than a million people. Back in 2010, Foxconn's Longhua factory, where it produces iPhones , was blamed for a series of worker suicides. But now a USA watchdog group, China Labor Watch, has alleged fresh worker violations and harsh working conditions at the Foxconn factory in Hunan province. Read More »

Donald Trump warns Justin Trudeau over comments made at G7 Summit

perth_map

Proponents of the system as it stands say it protects Canadian dairy, egg and chicken farmers from damaging price fluctuations in a manner that's comparable to the way other countries support their agricultural sectors with subsidies. "And that's what bad faith Justin Trudeau did with that stunt press conference", he said. How did Trump treat Kim? Navarro came under scrutiny Sunday for bashing Trudeau after the prime minister criticized Trump in the wake of the G-7 summit held in ... Read More »

Domino's Pizza offering to fill in potholes nominated by customers

perth_map

Russell Weiner, president of Domino's U.S., said the company doesn't want to "lose any great-tasting pizza to a pothole, ruining a wonderful meal". The website for the effort includes video that allows users to see what four different road conditions can do to a pizza traveling to a customer. Read More »

Key four areas mentioned in the US-North Korea signed document

perth_map

The Pentagon has said the exercises are essential to alliance-building and military readiness. It's debatable whether North Korea's commitment to recovering US war remains could count as a major win for Washington when Pyongyang would be simply returning to what it had been doing for years. Read More »

Amazon steps up Prime rollout at Whole Foods

perth_map

It's all about Amazon's model of adding more benefits to Prime membership, and now almost half of all Whole Foods stores offer these deals. Amazon has expanded its Prime member savings at Whole Foods Market to an additional 10 states . Read More »

Kim: North Korean Leader Says Summit Like Being in a Sci-Fi Movie

perth_map

If the joint statement does lead to a lasting detente, it could fundamentally change the security landscape of Northeast Asia, just as former US President Richard Nixon's visit to Beijing in 1972 led to the transformation of China. Top of the line, very good. Kim also sounded positive about the prospects. In advance of their private session, Trump predicted "tremendous success" while Kim said through an interpreter that "we have come here after overcoming" obstacles. Read More »

Tesla's Autopilot to get 'full self-driving feature' in August

perth_map

The next major Tesla software update will give all versions of the electric vehicle "full self-driving features", chief executve Elon Musk has announced . That issue is better in latest Autopilot software rolling out now & fully fixed in August update as part of our long-awaited Tesla Version 9. Musk has previously said the software will "never be perfect" and is not created to replace human control of a vehicle. Read More »

Jaguar Land Rover moves Discovery production to Slovakia

perth_map

Britain's biggest carmaker, Jaguar Land Rover Automotive Plc , is moving all production of its Land Rover Discovery to Slovakia from a plant near Birmingham, which will be retooled to accommodate a new generation of electric cars. Alongside this, JLR says "a significant investment and technology upgrade" in Solihull will prepare the plant for other new and upcoming Land Rover models. Read More »

Elon Musk's company sells thousands of flamethrowers

The SpaceX CEO's tunnel construction firm, The Boring Company , delivered 1,000 of the 20,000 limited-run flamethrowers sold previous year. At least a thousand people gathered in front of SpaceX's California HQ, on Saturday, to attend the sale launch of the "Not-a-Flamethrower". Read More »

US, North Korean Leaders Head for Singapore Summit Site

perth_map

Trump, in a post lunch walk with Kim around the grounds of the Capella Hotel, told reporters they were "heading for a signing". Kim and his regime have made no secret that nuclear weapons are the key to North Korea's survival yet Mr Trump has made equally clear that he will not tolerate the development of a deadly arsenal that could strike the U.S. Read More »

Singapore Offers to Pick up Kim Jong-un's Bills

perth_map

Some observers insist that it's the beginning of the complete denuclearisation of North Korea . In a September 2017 speech in front of the United Nations, President Trump referred to Kim as "Rocket Man" and threatened to "totally destroy North Korea ", which earned a rare rebuke directly from Kim describing the president as a "frightened dog" and "mentally deranged USA dotard". Read More »

IHOP flips over burgers, changes ‘p’ to ‘b’ in logo

The announcement came out Monday morning, IHOP is now the International House Of Burgers . Twitter users also didn't think IHOP's switch to burgers cut the mustard either. And changed its Twitter name to the same. In response to the burns, IHOb responded with "We don't want any beef with you, we just want to share our beef with the world". Read More »

How the Trump-Kim summit is playing in North Korea

perth_map

The Associated Press reports Trump was originally scheduled to depart early Wednesday morning, however he will now leave Tuesday night after a day of meetings with Kim and other leaders of North Korea. "I think we need to see that this meeting has real potential", said Sen. North Koreans gathered outside a train station in the capital, Pyongyang, to watch news of the summit broadcast on a large screen. Read More »

Trump withdraws endorsement of G7 joint statement, slams 'weak' Trudeau

perth_map

Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!" The president, as is his wont, took to Twitter . In a tweet posted Saturday evening, Trump said his decision was based on "false statements" made by Trudeau during a press conference he gave , as well as "the fact that Canada is charging massive Tariffs" on US companies. Read More »

Facebook gave some developers access to users' friends after policy changed

perth_map

One source said to be a former Facebook employee claimed, "Ninety-nine percent of developers were treated the same, but 1% got special treatment because they accounted for all the value of the platform". "But other than that, things were shut down", he said. Earlier this week, an extensive report in The New York Times said Facebook shared large amounts of data with Apple, Microsoft, Samsung and BlackBerry. Read More »

North Korea delegation enjoys fruits of Singapore's capitalism

perth_map

He said that those talks "in fact are moving quite rapidly and will come to a logical conclusion more quickly than anticipated". The North Korean autocrat's every move will be followed by 3,000 journalists who have converged on Singapore , and by gawkers around the world, up until he shakes hands with Trump on Tuesday. Read More »

World's most powerful supercomputer is here!

perth_map

The Department of Energy is introducing a supercomputer that it believes is the world's fastest, which would put the U.S. at the head of the pack in a twice-a-year official ranking of the world's 500 fastest computers . Scientists would be studying the relationships between cancer causing factors like genes, biological markers and environment by crunching vast reams of health data. Read More »

Lotto Max: Jackpot and eight Maxmillions prizes won in Quebec

perth_map

We hate to be the bearer of bad news, but the winning Lotto Max $60 million jackpot ticket was not sold in B.C. Another lucky lotto victor in the Thunder Bay area is $500,000 richer following last week's Maxmillions draw. The Lotto 6/49 draw for Saturday, June 8th is an estimated $9 million dollars. When purchasing a Lotto Max ticket, players choose a set of seven number for three rows. Read More »

'THIS IS BIG': N.J. man claims US$315 million Powerball jackpot

perth_map

When Earl checked the tickets from the May 2 drawing at a Lottery retailer, he "saw a lot of zeros!" The owner said none of the 22 stores they own have ever sold a multi-million dollar winning lottery ticket before. The winning numbers were 23, 28, 41, 53, and 56 and the Powerball was 14. His odds on winning were one in 292.2 million. A New Jersey man came forward as the victor of the $315.3 million Powerball jackpot. Read More »

Trump arrives in Singapore for meeting with Kim Jong

perth_map

It is unclear, however, under what terms North Korea would agree to in an effort to reduce its nuclear arsenal. Kim also released a statement in September that said he will "surely and definitely tame the mentally deranged us dotard with fire". Read More »

Verizon names tech chief as CEO, putting 5G network over content

perth_map

Current Verizon CEO Lowell McAdam said in an interview it was the ideal time to hand the reins to Vestberg, with Verizon at an "inflection point" holding all the pieces it needs for 5G, such as fibre and spectrum. Vestberg meanwhile stepped down as Ericsson chief in 2016 after dismal earnings resulted in sustained criticism of his leadership of the infrastructure giant. Read More »