Sunday, 18 August 2019
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Mothercare approved to shut 50 stores putting 800 jobs at risk


The shops will close over the next 12 months. The company is also looking at entering a company voluntary arrangement, a form of insolvency that allows retailers to shut stores and cut rents, possibly in thew next few days. David Wood, the man brought in to replace him, will become managing director. "Since my appointment as interim executive chairman, my priority has been to galvanise support from all of our stakeholders and provide a solution to the short-term problems facing the company". Read More »

Petrol, diesel prices cut by 9 paise each


The prices of LPG were increased in Kolkata, Chennai and Mumbai and other parts of the country as well. In Kolkata and Chennai, it costs Rs 80.84 and Rs 81.19 per liter respectively. Kerala's move on fuel cost is expected to put further pressure on other states as well to reduce taxes, which are mostly ruled by Prime Minister Narendra Modi's Bharatiya Janata Party. Read More »

Google to End Involvement in Pentagon AI Project


Some employees apparently didn't buy it, and around a dozen quit - thousands more signed a petition protesting the company's involvement. Some of these protestors include employees from other countries who are uncomfortable creating tools for the American military, according to The New York Times' article about the newly-revealed emails. Read More »

China Warns US Against Imposing Trade Sanctions As Talks End Trade

China said the two sides had made "positive and concrete progress" on matters like increasing agricultural and energy imports but said details were left for "both sides to finalise". "China-U.S. trade negotiations have to dig up the two sides' greatest number of common interests, and can not be tilted toward unilateral U.S. interests". Read More »

Vegan diets deliver more environmental benefits than sustainable dairy or meat


They found that a change in diet delivers greater environmental benefits than purchasing sustainable meat or dairy . "A vegan diet is probably the single biggest way to reduce your impact on planet Earth, not just greenhouse gases , but global acidification, eutrophication, land use and water use", lead researcher Joseph Poore of the University of Oxford , UK, told The Guardian . Read More »

Britain's funeral sector to be investigated amid soaring costs


The Competition and Markets Authority (CMA) is reviewing funeral costs, "to ensure that people are not getting a bad deal". Since the CMA's announcement, shares in United Kingdom based Dignity , which is one of the biggest funeral providers in the country, have slumped by 14 per cent to 1,054p. Read More »

Canadian stock market up Thursday


The biggest gainer was Royal Bank of Canada, jumping 12.4 points. ASIA'S DAY: Japan's Nikkei 225 stock index dropped 1.5 per cent to 22,018.52. On the economic beat, Markit's seasonally-adjusted manufacturing Purchasing Managers Index data came in for May at 56.2, up from 55.5 in April, pointing to the strongest overall improvement in business conditions since April 2011. Read More »

Fed says Deutsche, NYC’s most active CRE lender, is "troubled"


Deutsche Bank (FRA:DBK) has been assigned a €8.00 ($9.30) price target by investment analysts at Royal Bank of Canada in a report issued on Friday. That was one or two notches below most European competitors, with Switzerland's UBS rated A+ with a stable outlook. Aside from staff, Deutsche Bank is also looking to cut costs by moving offices "out of city centres" and paying less money to information technology vendors, according to Mr Sewing's presentation. Read More »

Bank of Nova Scotia (BNS) to Issue $0.64 Quarterly Dividend


Ticker's shares touched $60.43 during the last trading session after 2.20% change.The Bank of Nova Scotia has 1.12M shares volume, 60.84% up from normal. The company P/S (price to Sales) ratio is 3.73, P/B (price to Book) ratio is 1.66, while its P/C (price to Cash) ratio stands at 0.32. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Read More »

Winning Lotto Max Numbers

One ticket sold in the Sault shared a $1 million prize in the May 25 draw with a ticket purchased from Quebec. The victor or winners of the jackpot have one year from the draw date to claim the prize, the statement said. The jackpot will be an estimated $60 million jackpot plus an estimated 52 Maxmillions prizes of $1 million each. The winning numbers in this weekend's draw were 1, 7, 10, 17, 35, 37 and the bonus number was 43. Read More »

CEO of Samsonite resigns after doctorate drama


In filings to the Hong Kong exchange, the world's largest luggage maker by sales volume said CEO Ramesh Tainwala resigned Thursday due to " personal reasons " and separation arrangements are being worked out. Samsonite's Chief Financial Officer Kyle Gendreau will takeover as chief executive officer and managing director. "The conclusions drawn in the report about the company and its financial results are incorrect", it said. Read More »

B.C.’s minimum wage increasing to $12.65/hour on June 1st


The move affects about 2.3 million employees, or 20 per cent of Australia's workforce, and was opposed by business groups who argued that higher pay awards would kill jobs. "It is a step forward towards a living wage but it's not a living wage", McManus said. The Fair Work Commission announced a 3.5 per cent increase from July 1 to $719.20 a week, or $18.93 per hour, in a bid to improve the living standards of the country's lowest paid workers. Read More »

Brent premium over WTI hits new 3-year high


Oil prices retreated on Friday, after U.S. President Donald Trump's remarks on trade boosted the dollar, weakening greenback-denominated commodities, including crude. Global benchmark Brent fell 51 cents to $77.05 a barrel, a 0.7 percent loss. It was made clear that adjustments to the 2016 oil output cuts, amounting to as much as 1 million bpd of additional crude supply, are under "active" discussion ahead of the June "OPEC Plus" meeting in Vienna. Read More »

FCA calls for 'fundamental reform' to bank overdrafts


High cost credit also covers unarranged bank overdrafts and the watchdog said it was consulting publicly on mandatory rules to make it easier for customers to manage their bank accounts and avoid punitive charges for unarranged overdrafts. More than three million people have dipped into an unauthorised overdraft in the course of a year, exceeding their agreed limit. The FCA will carry out a "detailed assessment" of the impact of a cap and introduce any changes in April 2019. Read More »

ANZ & Group Treasurer Facing Criminal Cartel Prosecution


ANZ is facing action by the Commonwealth Director of Public Prosecutions over alleged cartel conduct related to a $2.5 billion share placement in 2015. ANZ does not intend to provide further comment at this time. ANZ said it believed that it had acted in accordance with the law and meant to defend itself. Read More »

Air New Zealand & Qantas to codeshare


Proposed Qantas codeshare routes in New Zealand. The tie up also marks a shift in airline alliances as both Qantas and Air New Zealand have dropped or redrawn deals with Gulf carriers in recent months. The new agreement with Qantas effectively ends the prospect that Air New Zealand and Virgin could have codeshared in domestic markets after their joint venture partnership concludes. Read More »

Australia's Fair Work Commission raises minimum wage by 3.5 percent

In February, an intense phone call study conducted by Meyers Norris Penny, MNP, the Canadian Accounting and Business Advisory, surveyed 200 businesses around Vernon. Ontario ranks 1 with a minimum wage of $14.00/hour, though Alberta - the current home of Canada's second-highest minimum wage - will see an increase to $15.00/hour on October 1. Read More »

Pilot forced to make an emergency landing due to a stinky passenger!


Though it may sound like the opening scene of an apocalyptic pandemic movie, the emergency landing was actually forced by a passenger who smelled as if he hadn't washed for several weeks, Dutch newspaper De Telegraaf reported. " The aeroplane diverted because of medical reasons, but it is indeed right that he smelled quite a bit ", a spokesperson said. A smelly passenger forced an emergency landing of a Transavia plane in Faro on Tuesday. Read More »

Macron talks to Trump, says tariffs illegal and a mistake


What happens next? The EU will discuss its list of potential retaliatory tariffs with its 28 member states before deciding on whether to enact them. The EU earlier threatened to counterpunch by targeting US products, including Kentucky bourbon, blue jeans and motorcycles. The EU Commission, the bloc's executive, said the measures could enter into force on June 20 at the earliest. Read More »

Sears to close another 72 stores as sales plunge


Shares closed down another 40 cents apiece, or almost 13 percent, on Thursday. But the company has closed some North Carolina stores already. After the just-announced closings, that number will shrink to roughly 820. Sears reported a net loss of $424 million for the first quarter of 2018. The Wall Street Journal reported that Sears is considering selling off its Kenmore appliance brand, as well as other units of its business. Read More »

Fiat, Chrysler brands looking at major changes but not dead yet


Regarding media speculation that there would be discussion of ending the Chrysler brand , Marchionne dismissed it as "talking nonsense". Notably, the last five-year strategy update, announced in 2014, had a grand vision for Chrysler. The Renegade small SUV has given its presence in new segments. Jeep brand chief Mike Manley did not provide a target for 2022 sales, which are now around 1.9 million vehicles a year. Read More »

Malaysia's Petronas to take 25 pct stake in LNG Canada


The Dutch supermajor has committed to cutting its carbon footprint in half by 2050 and said it would invest about $2 billion per year on alternative energy solutions until the end of the decade. Petronas, meanwhile, is one of the largest natural gas explorers in the North Montney region of northeastern B.C. But costs will be a major concern for the project, Kakaraparthi noted. Read More »

HKEX to roll out MSCI Asia Ex Japan Index futures


Any funds that track the affected MSCI indices will have to buy A-shares to stay in line with the index's performance. The firms are predominantly blue chips such as SAIC Motor Corp and liquor maker Kweichow Moutai Co Ltd. MSCI Inc ., one of the largest providers of indexes for use by issuers of exchange traded funds, is considering capping the weights of two of the largest emerging markets in its major global equity indexes. Read More »

Airline profits unlikely to reach forecast, says IATA chief READ MORE


The airline industry is in its ninth consecutive year of profitability. Shares have risen six-fold since late 2013. The company, which has resisted an approach by British Airways owner IAG SA , is "reluctant" to hedge at levels of above US$80 per barrel of oil, said Tore Ostby, executive in charge of strategic development. Read More »

Google says it will not renew controversial Pentagon contract

Google plans to honor what is left of its subcontract on Project Maven , the person said . Google would not choose to pursue Maven today because the backlash has been awful for the company, Greene said, adding that the decision was made at a time when Google was more aggressively pursuing military work. Read More »

Trump flouts federal rule with tweet touting job numbers


And late a year ago, responding to criticism that he had been silent about the deaths of four US Special Forces members in Niger, the president referred the 2010 death of White House Chief of Staff John Kelly's son in Afghanistan, publicly revealing what Kelly had shared privately with him - that then-President Barack Obama did not call Kelly after his son's death. Read More »

'Handsome One' Pedro Sanchez Is New Spanish PM


Among them were the party's former treasurer, Mr. Bárcenas, who was sentenced to 33 years in prison and fined about $51.3 million. Spain's King Felipe VI speaks with the Speaker of the Spanish Parliament , Ana Pastor, at the Zarzuela Palace on Friday. Read More »

Ticketfly, Major Venues Offline Hours After Hack, Ransom Demand [UPDATE 3]


In the same statement , Ticketfly suggests going to specific venues' or promoters' social media pages to find out more about status for upcoming events while the website is down. Eventbrite boasted that Ticketfly sells about 60 million tickets a year. The issue has affected the entirety of Ticketfly affiliated organizations. Read More »

Google backs off from Pentagon project after uproar

Wow. Kudos to all the Google employees who forced the company's hand on this. Known as Project Maven , the controversial pilot program involves Google providing artificial intelligence capabilities to the DoD for the analysis of drone footage. Read More »