Friday, 19 April 2019
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Clydesdale banks on Branson brand appeal in Virgin Money merger


CYBG has reached a takeover deal with Virgin Money that values the bank at £1.7 billion but is likely to lead to more than 1,500 job losses. The merged company will be around twice the size of its largest rival among Britain's smaller banks and be able to draw on the firepower of the Virgin brand, which the combined group will pay a royalty to keep. Read More »

Merkel to Trump: Falling German Crime Stats 'Speak for Themselves'


More than 1.6 million migrants, mostly Muslims fleeing wars in the Middle East, have arrived in Germany since 2014. Seehofer's "migration master plan", which Merkel last week refused to endorse, would see asylum seekers arriving at Germany's borders turned away if they have no identification papers, have already had an asylum claim rejected in Germany, or are already registered in another country in the EU - proposals that rights group say contravene European and worldwide agreements. Read More »

China: Australia needs to end "Cold War mentality"


The letter was released as concerns mounted that Australian government ministers were buying into United States paranoia about Chinese tech firms, and there were fears that Huawei would be banned from bidding in Australia's upcoming 5G mobile auction. Read More »

Amazon Hub lockers now available to 500,000 U.S. residents

Folks who are enrolled don't have to wait at home for packages to be delivered - instead, property staff on site tender shipments not just from Amazon, but from other shops, websites, and even friends and family and handle common delivery tasks, like signing for packages. Read More »

Starbucks Announces Major Store Closings Coming in 2019


The Seattle-based company said it would close underperforming stores in "densely penetrated markets" and slow its rate of store growth. "We must move faster to address the more rapidly changing preferences and needs of our customers". The company said that so far in 2018, Frappucino sales have fallen by 3 percent. Starbucks said it would provide additional details on its plans at an investor presentation on Tuesday afternoon. Read More »

Verizon to stop sharing phone-location data to third parties


LocationSmart is supposed to obtain permission from cellphone owners before serving location data, but a bug in its website let anyone track any cell number from a USA carrier without getting consent. Verizon said the same. T-Mobile and Sprint haven't announced any policy changes at this time. It's not clear how much money the mobile operators make from selling their users' locations to third parties but it's clearly enough to make them try to weasel their way out of agreeing to stop the ... Read More »

Alexa, send up breakfast: Amazon launches Echo for hotels


Though Amazon's Alexa-powered Echo speakers are growing in popularity across the domestic realm - helping users control their doors, lights, and search the web using nothing but their voice - the internet giant has been targeting the hospitality sector for a while already. Read More »

Microsoft takes a stand against ICE separating parents from children


But this week, following the revelation that the agency was keeping children in metal cages, the company isn't so sure. Microsoft told Wired reporter Nitasha Tiku that the removal of the portion referencing ICE was a "mistake", and attributed it to an employee editing the blog after seeing discussions about it on social media. Read More »

General Electric drops out of Dow index

Walgreens Boots Alliance ( WBA ) will replace GE on the Dow Jones index starting June 26. The company has pared back some of these businesses in recent years, selling NBC Universal to Comcast and divesting most of its finance business. Since the founding of the index, "the USA economy has changed: consumer, finance, health care and technology companies are more prominent today and the relative importance of industrial companies is less", said David Blitzer, managing director and chairman of ... Read More »

Fashion Giant ASOS To Ditch Mohair, Silk, Cashmere And Feathers


In a move set to shake up the online shopping world, clothing giant, ASOS , has announced it will ban the sale of cashmere, silk, feathers, down and mohair from all their platforms come January 2019. Silk is produced by silkworms when they form cocoons. As a result of the footage more than more 140 global retailer - including Topshop, H&M, and Marks & Spencer - have banned the material. Read More »

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 »