Tuesday, 17 July 2018
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Donald Trump Defends Tariffs: ‘We Can No Longer Be the Stupid Country’

During his remarks at the National Federation of Independent Businesses today, President Trump took a moment in between talking about immigration and child separation to go after Canada again. Trump said Tuesday progress was being made in slow-moving talks to update the NAFTA deal between the United States, Canada and Mexico , but he held out the prospect of striking bilateral pacts if a three-way deal could not be reached. Read More »

McDonald’s Announces Switch To Paper Straws To Combat Plastic Pollution


The changeover to paper straws is expected to be complete next year. McDonald's said that plastic straws would still be available "for those that require it", but they will be kept behind the counter. "We do not have any further details to share at this time on the tests in other markets including the USA later this year", a McDonald's spokesperson told The Daily News . Read More »

Oil falls as flaring US-China trade dispute blunts risk appetite


The other key development for global markets is the escalating trade dispute between the United States and China, in which both sides have threatened stiff tariffs on each others' key export goods. Iran's representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia's proposal to increase oil production in cartel's June 22 meeting in Vienna. Read More »

Trump tariffs: Markets fall as trade war fears mount


The ongoing trade dispute between the United States and China knocked the yuan to 6.4660 per dollar, its weakest in more than five months in the offshore market. China responded with a 178.6 percent tariff on all imports of sorghum to the United States. China does not import almost enough United States goods to hit back if Trump imposes the full tariffs on $450 billion worth if goods that have been threatened . Read More »

Restaurant receipt asks chef to 'spit' in customer's cheeseburger


She acknowledged printing out it, he said, but could not explain what happened. The father says the waitress seemed pleasant but suspects the request was made when there was a mix-up with his order. The waitress was sacked immediately. Mays took up the manager's offer to compensate him for the meal. 'He [the manager] was saying, "How can we compensate you?"' Mays said. Read More »

Sign asks Dunkin Donuts customers to report employees speaking foreign languages


The man admitted he had posted a similar sign in the past, and said customers complained. WBAL producer Gillian Morley, who happened to be one of those customers, tweeted a photo of the sign on the counter. In response to the sign, people on social media expressed their disapproval and some demanded a new store manager. "Dunkin' Donuts and our franchisees share the goal of creating a welcoming and hospitable environment for all guests", the statement said. Read More »

Bank of International Settlement: Cryptocurrencies Are Like Tamagotchis


In addition, the bank claims that using a blockchain to process the volume of retail payments made daily "could bring the internet to a halt". The paper calculated what it would take for the blockchain software underpinning bitcoin to process the trillions of retail transaction now swirling through national payment systems. Read More »

Orange, former executives to stand trial over staff…


Orange, which took over from France Telecom when the company was privatised in 2004, has always denied the allegations. According to Reuters, the suicides included a man who stabbed himself during a staff meeting and a woman who threw herself out a window. Read More »

Elon Musk: Rogue Employee Carried Out 'Extensive Sabotage'


But according to CEO Elon Musk , some of its problems were the result of internal sabotage by an employee, who may not have been working alone. The electric-car maker's shares fell as much as 2.3 percent in early trading Tuesday. Musk said in the email that while the fire could have been a random event, "Please be on the alert for anything that's not in the best interests of our company". Read More »

Theranos CEO Indicted On Criminal Fraud Charges


The hits keep coming for former Theranos founder and CEO Elizabeth Holmes. - October 5, 2016: Theranos closes clinical labs and wellness centers and lays off 340 employees. They are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud, which stem from the allegations that they engaged in a scheme to defraud investors and another separate scheme to defraud doctors and patients. Read More »

Woman Asks Airtel For "Hindu Representative". Twitter Outraged


Upon his reply, in an extravagant display of bigotry, Singh replied "Dear Shohaib, as you're a Muslim and I have no faith in your working ethics because Kuran may have different version for customer service, thus requesting you to assign a Hindu representative for my request". Read More »

Trump threatens 10% tariff on $200bn of Chinese goods


The comments sent global stock markets skidding and weakened both the dollar and the Chinese yuan on Tuesday. "If the US loses its senses and publishes a new list", the statement said, " China will be forced to take comprehensive measures that are both strong in quantity and gravity and will fight back". Read More »

Amazon Prime launches in Australia

Members of Amazon Prime receive benefits including free fast shipping, streaming of movies, TV shows and music, exclusive shopping deals, unlimited reading and more. Amazon has one Australian fulfilment centre, in Melbourne's south-east, and is building a second in south-west Sydney to increase the speed with which it can dispatch orders. Read More »

Another Mobile Outage Hits Australian Customers


Furious Telstra users have been hit once again by another outage with users taking to social media to once vent their frustrations at the Telco. The Telstra wholesale network problem followed Telstra's five-hour nationwide mobile phone outage on May 21 that was caused by multiple faults, with a software problem causing a domino effect inside its network. Read More »

Contactless payment boom means cash is no longer king


Financial industry trade association UK Finance says that 13.2 billion debit card payments were processed last year; an increase of 14 per cent over the year before and raising the number of cashless transactions above the 13.1 billion real-money payments that were carried out. Read More »

ICICI Bank board appoints Sandeep Bakhshi as whole time director, COO


ICICI Bank shares gained 3.95 per cent on Monday. On May 29, the board of directors chose to conduct an independent enquiry into an anonymous whistle-blower complaint alleging that the bank's MD and CEO had not adhered to provisions relating to "code of conduct" and "conflict of interest" over a period of time. Read More »

Amazon launches Prime service in Australia

Prime Expedited Delivery reaches almost 90% Australians in two business days. Customers get free two-day delivery to major metro areas, including all state and territory capitals other than Darwin and a host of larger cities such as Armidale, Geelong and the Sunshine Coast. Read More »

Tesla's Musk alleges 'extensive' employee sabotage


A Tesla spokesperson said the company had no comment on the matter. Musk went on to say that while the "full extent" of the saboteur's actions were not yet known, it appeared that the employee was disgruntled over not getting a promotion. Read More »

Millennials are the cheapest tippers, study finds


Eighteen percent of millennials typically decline to leave any amount when presented with pre-entered tipping options in a taxi or ride-hailing service like Uber or Lyft, at a food truck, at a coffee shop, or other similar types of businesses, versus 12% of older adults. Read More »

Trump threatens China with $200B in new tariffs


Chinese tariffs on USA soybean exports to the People's Republic could cost Iowa farmers as much as $624 million, according to Donnelle Eller, an agriculture reporter with the Des Moines Register. "Just ask yourself: Would China have allowed America to do to it what China has done to America?" he said later. "I have an excellent relationship with President Xi (Jinping), and we will continue working together on many issues". Read More »

Trump to nominate Kathy Kraninger to lead CFPB


Homeland Security Director Michael Chertoff during a news conference at Washington's Ronald Reagan National Airport, Oct. 22, 2008, with Deputy Assistant Secretary for Policy Kathy Kraninger, left. He's frozen data collection in the name of security, dropped enforcement cases, and directed staff to slash next year's budget. Kraninger is a 2007 graduate of Georgetown University Law Center, according to her LinkedIn profile, and before that graduated from Marquette University. Read More »

Unilever toughens stance on influencers in transparency push


Even so, the industry needs to put in place "all possible controls" to avoid bad practices such as fake followers, bots, fraud or any dishonest business models that will "erode trust" in the ecosystem, the press statement read. Unilever's move to crack down on infleuncer fraud was timed to land on the first day of Cannes Lions (18 June). Unilever's chief marketing officer Keith Weed spoke out against bad apples lowering trust between consumers and brands. Read More »

Veggie trays recalled after 78 sickened by parasite

In addition, Del Monte is recalling small veggie trays that include broccoli, cauliflower, carrots, celery and dill dip distributed to IL and IN, the FDA said IN a statement. Other common symptoms include loss of appetite, weight loss, stomach cramps/pain, bloating, increased gas, nausea, and fatigue. Cyclosporiasis can be treated with antibiotics, as well as plenty of fluids. Read More »

Eskom announces load shedding from 5pm to 10pm


In a statement Eskom said the risk for load shedding during the course of the week remains high due to a shortage of capacity from the effects of the strike action. Dear Stakeholder, we wish to thank you for your support and understanding of our situation as we implemented load shedding in the past few days due to unforeseen circumstances. Read More »

This Tesla didn't crash. But it did catch fire


The destroyed Model S was being driven by British TV director Michael Morris on Santa Monica Blvd when it mysteriously ignited, according to Morris' wife, actress Mary McCormack . Tesla acknowledged that rare fires occur but stated their cars are safer than a gas engine and safety is a top priority in their designs. A viral video posted to Twitter by actor Mary McCormack has prompted an investigation from automaker Tesla. Read More »

In the United Kingdom, people are giving up on cash

The number of cash transactions fell by 15% to 13.1bn transactions in the same period. Debit card payments have overtaken cash use for the first time, new figures show, as contactless technology takes a firm hold on day-to-day spending. An estimated 3.4 million people hardly used cash at all during the year. By the end of 2017 there were almost 119m contactless cards in circulation, with 78% of debit cards and 62% of credit cards in Britain having contactless functionality. Read More »

Apple to Launch Biggest Ever iPhone in 2019


Kuo earlier revealed that the iPhone with 6.1-inch display will have an edge-to-edge front panel with a notch at the top for Face ID. That was thought to be due to its £999 price, something that's largely because of the OLED display. The FaceID technology and related hardware aside, Apple's OLED screen is very expensive to manufacture as it curves at the bottom to join with the motherboard giving the iPhone X a bezel-less bottom. Read More »

Audi boss Rupert Stadler arrested in dieselgate investigation


Audi confirmed the arrest to AFP, declining to give further details. "The hearing to determine whether he will be remanded is ongoing", a spokesman for parent company Volkswagen said. The dramatic development comes a week after Munich prosecutors raided Stadler's home after charging him with fraud and the falsification of documents that allowed diesel vehicles equipped with cheating software to be sold to European customers. Read More »

Audi CEO arrested - Volkswagen


Audi's parent, the Volkswagen Group, confirmed that Stadler was detained this morning but that the "hearing to determine whether he will be remanded is ongoing". Volkswagen has pleaded guilty to criminal charges in the United States. Two are serving prison terms; Winterkorn and the others remained in Germany and are unlikely to be extradited. Read More »

Audi CEO arrested: Volkswagen

The company said that it couldn't comment further due to the ongoing investigation, but stressed that "the presumption of innocence remains in place for Mr. A total of 20 people are under suspicion in the Audi probe , which focuses on cars sold in Europe that were believed to be equipped with software which turned emissions controls off during regular driving. Read More »