Tuesday, 17 July 2018
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Supermarkets in borough slash prices at the petrol pumps


The variations in fuel prices are largely dictated by fluctuating oil prices caused by production levels and the relative strength of the pound against the dollar. 'We are now well into June, and drivers are still waiting for some relief to rising prices. RAC spokesman Rod Dennis said: "At last, retailers have done the right thing and started to cut prices at the pumps". Read More »

CK Infrastructure Holdings makes takeover bid for APA Group


This represented a 33% premium to APA's previous closing price. The CKI-led consortium, which includes CK Asset Holdings Ltd and Power Assets Holdings Ltd, has informed APA that it has had discussions with, and provided information to, both Australia's Foreign Investment Review Board and the country's competition watchdog. Read More »

State News, Washington unemployment rate at 4.7 percent

However, the state's underemployment rate - those who want to work more hours than they're getting - increased by 0.2 percentage points to 9.8 per cent. The seasonally adjusted number of persons employed increased by 12,000 persons in May 2018. Monthly hours worked in all roles dropped by 24.2 million hours, or 1.4 per cent. Read More »

UK House Price Balance Improves In May


Quite possibly, a lot of vendors have held off marketing their homes over the last few months waiting for "the right time", particularly given ongoing political uncertainty, but interest rates holding in May rather than the predicted increase together with gardens finally looking better following a few weeks of balmy weather, would suggest that those listing in May have now made a decision to just get on with it. Read More »

Indian-American Dhivya Suryadevara to become carmaker General Motors' first female CFO


Stevens, 58, has been CFO at the largest USA automaker since January 2014 and will retire in March as a more than 40-year veteran of the company. He was appointed CFO in July 2014. and arranging a recent investment by SoftBank Vision Fund. "Suryadevara has provided key support to Barra in GM's investment and M&A undertakings". He has served in leadership positions in China, Singapore, Indonesia and Thailand. Read More »

Rolls-Royce to axe 4,600 jobs in restructuring push


Speaking of the reason behind the job cut, the company said that CEO Warren East meant to simplify the business and generate more cash. Rolls-Royce said it was seeking to reduce the number of management roles, and that engineering jobs will also be affected. Read More »

China vows fast response to USA tariffs


USA officials say the tariff hike targets goods that might benefit from Chinese theft of technology or pressure on foreign companies to hand it over in exchange for market access. China has targeted $50 billion in US products for potential retaliation. Trump is shaking up the world economic order with his zeal for tariffs and embrace of trade conflict. Read More »

Facebook is tracking you in ways you never knew


However, a few of the company's responses are immediately worth further examination - namely, that of the data Facebook collects on non-users and its possible monopoly status. 454 pages of written answers from Facebook, that are in response to numerous questions Chief Executive Mark Zuckerberg faced during his testimony before Congress back in April. Read More »

One deputy killed, another in critical condition in Kansas City, Kansas


The suspect was also shot and was being treated at the same hospital, Bailiff said. Investigators will be reviewing surveillance video , according to Kansas City Police Department spokesman Zac Blair. Police Capt. Lionel Colon said he wasn't sure whether the woman actually had a sword at the time she was killed and wasn't sure if the woman exited the shed or was still inside it during the shooting. Read More »

Shooting that killed one child likely caused by road rage, police say


Those shots killed a boy, critically injured his mother and brother, and wounded a bystander in a Westminster shopping center parking lot. Officers who arrived at the scene found four people with gunshot wounds in a business complex parking lot in Westminster, which is about 14 miles (23 kilometers) northwest of Denver. Read More »

Business owners won the head tax fight: What now?


Critics of the tax argued that it would force businesses to raise prices, while others were concerned about the lack of specific details on how the council planned to use the revenue, noting that the city already wastes money on failing programs for the homeless. Read More »

Plumber wins 'gig economy' case - big implications for freelance workers


Pimlico refused his request and took away the van. Pimlico Plumbers, headed by flamboyant businessman Charlie Mullins , has been fighting the case ever since it was first taken to a tribunal in 2011. However, there were also features of the contract which strongly militated against recognition of Pimlico as a client or customer of Smith. Accordingly, the tribunal was entitled to conclude that Pimlico can not be regarded as a client or customer of Smith. Read More »

Theranos’ Holmes indicted by feds over blood-test ‘fraud’


In Holmes case, that meant agreeing to pay a $500,000 penalty, returning 18.9 million shares in the company, giving up majority voting control and being prohibited from serving as an officer or director of a public company for 10 years. As the roll-out with Walgreens neared, Holmes told the company's engineers to modify standard blood-testing machines to run Theranos's tests, according to the SEC. Read More »

Cut fruit recall: 4 Alabama stores now part of melon recall


The USDA's Food Safety Inspection Service routinely gathers and posts lists of specific locations where recalled products have been sold, but the FDA has consistently said it can not release such details, saying they constitute "confidential corporate information" that is protected by federal law. Read More »

Trump targets $50bn in China goods, vows more if needed


The confrontation with China began in March when Trump announced 25 percent tariffs on about $50 billion in Chinese goods to punish the country against the theft and forced transfer of American technologies and know-how. US and Chinese officials in recent weeks had made progress on a deal that involved up to $70 billion in additional purchases of American products. The first will be levied on 818 products lines worth around $34 billion, and the second to $16 billion worth of imports on 284 ... Read More »

European Central Bank sets end date for huge stimulus program

The euro lost more than a cent against the dollar after the news, with dealers contrasting the decision to leave rates unchanged in the eurozone for at least a year, with signs from the Federal Reserve that it planned two further increases in USA rates in 2018 and three more in 2019. Read More »

McDonald's to phase out plastic straws from September

McDonald's has already taken moved plastic straws behind the counter in its United Kingdom branches in an effort to reduce waste. McDonald's says it will switch to paper straws at all its locations in the United Kingdom and Ireland, and test an alternative to plastic ones in some of its USA restaurants later this year. Read More »

Trump to discuss tariffs on Chinese imports with aides


In his remarks, Pompeo did not address the looming deadline, but he did stress the US deficit with China was still too high. The trade tensions - simmering ever since Trump became president - appear set to escalate at an inopportune time for China's economy. Read More »

Australian Jobs Show Weakness Even as Unemployment Rate Falls


Australian central bank officials say strong forward indicators are likely to herald a renewed upswing in hiring and expect the jobless rate to fall toward 5 percent, a level that traditionally spurs wage growth. State Industry and Skills Minister David Pisoni said the total number of South Australians in work was at a record high, with 842,600 people in employment. Read More »

Microsoft takes on Amazon's checkout-free retail technology


Users scan their smartphone at a turnstile to enter the store, after which cameras and sensors identify what they take from the shelves. In 2016, Amazon surprised everyone with an innovation in brick and mortar stores - an unexpected development from a company that had done more than anyone else to drive people away from physical shops and towards virtual shopping baskets. Read More »

Sprint's $15-a-Month Unlimited Plan Deal Is About to Disappear


The carrier has the usual get-out clause, claiming that all three plans really are unlimited, it's just that they reserve the right to throttle your connection speed once you hit the stated, ah, limits. It's impossible because the plan is unlimited. Your guess is as good as ours. This marks the third mobile data plan advertising itself as unlimited now sold by Big Red. Read More »

Qantas flight's '10-second nosedive' blamed on wake turbulence


According to one of the passengers, Australian radio host Eddie McGuire, QF94 dropped and turned slightly, nearly like going over the top of a roller-coaster. "We understand that any sudden turbulence can be a jolt for passengers but aircraft are created to handle it safely", Qantas Fleet Safety Captain Debbie Slade said in a statement today. Read More »

China to US: Make 'wise choice' on trade


The Trump administration is reportedly planning to impose tariffs on Chinese goods as early as this Friday. The value of the tariffs are said to be $50 billion, but the exact amount is subject to changes as Chinese goods are added and removed from the list. Read More »

Saudi oil output said to rise above 10 million barrels a day


In the United States, output has risen by nearly a third in the last two years, to a U.S. record of 10.8 million bpd. The world's top crude exporter has also reinstated contracted volumes of Arab heavy crude to one buyer after cutting supplies in the previous month, one of the sources said . Read More »

SEC Director Says Ether Is Not a Security — Newsflash


The US Securities and Exchange Commission has finally weighed in on the debate over whether Ethereum's crypto-token, ether, should be regulated like a stock or bond. Cboe Global Markets Inc. Such a view has been advanced largely by former regulators , while the SEC has largely spoken generally (and sometimes derogatorily) about ICOs and token sales. Read More »

Donald Trump reignites Opec spat over 'too high' oil prices


EDT (1552 GMT). That move took US crude from about $50 a barrel in late 2016 to more than $70 in 2018. Wall Street Journal page assistant editor James Freeman, FBN's Kristina Partsinevelos and Susan Li discuss what's driving the USA economy and how oil could put a dent in the stock market. Read More »

Canada to officially host the 2026 FIFA World Cup


The host nation got on the score sheet on a Yury Gazinsky header. The World Cup is due to feature 48 teams and will take place across three countries for the first time. The fact that two of the world's best players, Portuguese centre-forward Cristiano Ronaldo and Argentine playmaker Lionel Messi have not yet won the cup for their respective countries - despite the duo dominating the handsome game virtually unopposed - has captured the minds of spectators from around the world. Read More »

Rents pricing out minimum-wage workers across the US, report says


Minimum wage earners can no longer afford rent on a two-bedroom apartment anywhere in the country. The national housing wage is $22.10 for a two-bedroom and $17.90 for a one-bedroom rental. Massachusetts, where the minimum wage is $11 an hour, ranks as the sixth most expensive state , with a wage of $28.64 needed to afford a two-bedroom apartment ($59,571 a year). Read More »

Chicago Picks Musk's Boring Co. for O'Hare Express Service


The line will consist of two parallel tunnels, and it could take as little as 12 minutes to travel from point to point, according to a press release from the city. (This means there will be a Loop to The Loop-very cute, Chicago.) Unlike the Hyperloop idea, the tunnels will not be depressurized. The Boring Company says the project will be 100 percent privately funded. Read More »

New Tesla software to offer 'full' autonomy, Musk says


What's more , Tesla claims that the auto will have a range of 620 miles. Previous updates to Autopilot were "rightly focused entirely on safety", he said . The company promises to take passengers - not drivers, in this case - to their destination of choice without any human input. While the company has repeatedly pointed to human error in these cases, the "Autopilot" branding has left some drivers confused about the capabilities of the software, which is still now more of an ... Read More »

Rolls-Royce to Cut 4600 Jobs

Rolls-Royce manufactures engines and power systems for aircraft, ships and energy producers. The company said it will take a one-off financial hit of £500 million ($670 million) as a result of the restructuring. Rolls said the overhaul, which follows its announcement in January that it plans to slash its five operating businesses to three core units, will impact support functions and management, including within engineering. Read More »

Oil prices fall as USA crude production hits another record

Oil prices edged higher on Wednesday, turning positive after US government data showed a bigger weekly draw than expected in domestic crude inventories along with unexpected declines in gasoline and distillate stocks. The potential collaboration between the two major oil buyers would present another challenge for OPEC, which is facing competition for market share in Asia from the flood of crude pumped in the Gulf of Mexico and shale fields of Texas. Read More »