Sunday, 21 July 2019
Latest news
Home » Money

Money

Province wants to cancel Beer Store contract

perth_map

The agreement, meant to last for 10 years, states that the province would ensure that beer is not authorized for sale or distribution in Ontario except for by The Beer Store , the LCBO, stores operated by either, breweries, or duty-free stores. Read More »

Anthony Albanese elected unopposed as Labor leader

perth_map

Mr Albanese tells Alan his success in politics "says something great about Australia". Both men have promised to talk to voters who didn't vote Labor in a bid to make sure they understand last Saturday's shock election loss. It now looks like Victorian MP Richard Marles will replace Tanya Plibersek , who can not continue her role (per Labor Party rules) as she is both from the left faction of the Labor Party and based in NSW, and Albo is too on both counts. Read More »

Alibaba mulls raising $20b via second listing in HK

perth_map

Alibaba in 2014 had abandoned Hong Kong as its favoured venue for listing and shifted eyes to NY when the city rejected its dual-class structure proposal. But since then something has changed in the Hong Kong Stock Exchange (HKEX). STO Express is the fourth major logistics company in China that Alibaba has invested into as it eyes providing next-day delivery for all of China. Read More »

China's trade threats dig a hole for FTSE 100

perth_map

The FTSE 100 fell sharply in morning trading as tensions between the United States and China escalated. The U.S. will continue to rely on importing rare-earth minerals from China, the materials used in key components for a wide variety of products including electronics, hybrid vehicles and energy-storage systems. Read More »

Huawei says FedEx redirected packages to the US without its authorization

perth_map

Huawei said that this behavior is not authorized by the company, and it can provide image records tracked by FedEx Express. "The recent experiences where important commercial documents sent via FedEx were not delivered to their destination, and instead were either diverted to, or were requested to be diverted to, FedEx in the United States , undermines our confidence", Joe Kelly, a spokesman for Huawei, told Reuters . Read More »

MacKenzie Bezos takes Warren Buffett's charity pledge to donate half her wealth

perth_map

Since then, Mackenzie made it known that she is giving $18 billion to The Giving Pledge , a charity created by Bill and Melinda Gates , and Warren Buffet . Jeff, who in addition to running Amazon, is also the founder of space exploration company, Blue Origin, will keep 75 percent of his Amazon stock and his ownership in the Washington Post . Read More »

Walmart employee finds large rat snake hiding in shopping carts

Apparently, the critter did not want to be disturbed as it bit the professional snake handler called out to remove it from the lot. He wrote that he was at Walmart picking up snacks for an upcoming road trip. The Northeast Police Department's Facebook post has gone viral with over 1,500 "shares" and hundreds of comments. Thankfully, the snake was only a rat snake, which is not venemous. Read More »

Saginaw celebrates Veterans with a Memorial Day parade and ceremony

perth_map

American Legion Post 238 of Mechanicsburg will conduct a Memorial Day service in Woodstock at 9 a.m. on Monday, May 27 , at Woodstock Cemetery. The annual New York Mills Parade will begin at 11 a.m. Other than the many parties and activities happening in between the 24th - 27th, preparations for the city's annual parades honoring the courageous veterans are now taking place. Read More »

Blues defenseman out Game 1

perth_map

Noel Acciari collected the puck in front of the net, and after a failed second attempt, dished to Kuraly, who slid it in to break a 2-2 tie at 5:21. He connected with Connor Clifton in transition to score the icebreaker, and then went skate-to-stick beautifully to convert the eventual game victor a little over five minutes into the third period. Read More »

Aldi recalls Baker's Choice flour recall; manufacturer confirms E. coli finding

perth_map

A statement from Aldi read, "In cooperation with ADM Milling Co., ALDI has recalled Bakers Corner All Purpose Flour sold at retail locations in the Northeastern United States due to a potential presence of E. Flour wasn't the only thing to get recalled this week. " Flour is typically a raw agricultural product". The symptoms of E. coli infections vary among people but often include severe stomach cramps, diarrhea (often bloody), and vomiting. Read More »

Renault, Fiat Chrysler in tie-up talks

perth_map

Shares of both companies jumped on reports of a merger. The two are somewhat complementary: the Italian-American company Fiat Chrysler is stronger in the U.S. The WSJ said that the two companies are considering a merger of equals, among other tie-up options. Earlier, FCA said it had delivered a "non-binding letter" to the board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Read More »

Fiat Chrysler proposes merger with Renault

perth_map

The Wall Street Journal reported Sunday that the two companies are considering a merger of equals, among other tie-up options. He did not comment on the French government's 15% stake in Renault , but an influential lawmaker from the ruling League party said Rome may seek a stake in the combined group to balance France's holding. Read More »

Panasonic says has not stopped supplies to Huawei, still investigating

perth_map

Over the next few days we'll probably see more companies distancing themselves from Huawei given the pressure that the U.S. government is bringing to United States companies and even to their allies. The US government banned the procurement of Hikvision and Dahua products by federal agencies past year, citing national security risk. "Negotiations can only continue on the basis of equality and mutual respect", Chinese Commerce Ministry spokesman Gao Feng told a weekly briefing. Read More »

Musk says Tesla on pace of record quarter in leaked email

perth_map

All that said, demand for Tesla vehicles appears to be growing and on the verge of setting new records. "If Tesla does solve for full autonomy, however, and its electric vehicle production surpasses our bear case estimates, TSLA could scale significantly higher than our previous $4,000 price target during the next five years, thanks to our newly introduced bull case for electric vehicle volumes", write analysts Tasha Keeney and Sam Korus. Read More »

Former Jet Airways Chairman, wife stopped from leaving India

perth_map

Goyal and his wife were travelling on a Dubai-bound Emirates flight (EK 507) when the immigration authorities stopped them and denied permission to fly. The Hinduja Group has said it is examining the possibility of investing but had reportedly placed tough conditions during a meeting scheduled with lenders and Etihad in Abu Dhabi on May 23. Read More »

Huawei Got Banned By JEDEC As Well As Wi-Fi Alliance

perth_map

Bad news for Huawei continues as another industry figure has cut the Chinese company off. Huawei has been removed the from the SD Association , a non-profit group that sets the standards for SD and microSD cards. Huawei ban is devastating the company making things more hard for them. Nikkie is reporting that Huawei has faced a couple of new bans following the U.S. Read More »

CM Punk Comments On His Status For AEW Double Or Nothing

perth_map

Double or Nothing is the first PPV under the AEW banner, and will showcase their roster ahead of their television debut on TNT this fall. Start time: Pre-show at 7 p.m. Check your cable provider for more details. The main card of Double or Nothing will begin an hour later at 8pm ET (5pm PT, 1am BST). Fans looking to watch the free Buy In pre-show can do so by going to B/R Live or by watching it on the official All Elite Wrestling YouTube page below. Read More »

Facebook to launch cryptocurrency in 2020

perth_map

Facebook's reported bid to create its own cryptocurrency may have led CEO Mark Zuckerberg to direct employees to contact his former legal foes, the Winklevoss twins , according to a report on Friday. Facebook said it had disabled 2.19 billion fake accounts in the first quarter of this year, almost double the number of the three months prior. The idea of cryptocurrency is not new but it got caught attention in 2017 with people seeing cryptocurrencies as potential investment ... Read More »

Audi will replace the TT with an electric sports vehicle

perth_map

We expect this to be a sports vehicle, and Audi has confirmed that pricing will be along the lines of the current TT. The vehicle itself became an icon too. In countries such as the United Arab Emirates, the new Audi TT range starts from AED 199,000 and AED 210,000 for the base coupe and roadster trims, respectively. Read More »

Huawei hit hard as US-based businesses suspend ties

perth_map

According to sources speaking with Bloomberg , chip makers ranging from Intel , Qualcomm , Broadcom, Xilinx and others will be freezing their supply to Huawei . Over the weekend, Reuter reported that Google had blocked Huawei from accessing its Android operating system and other services including Gmail, maps and search. Read More »

Fed To Hold Off On Interest Rate Hikes

perth_map

The minutes also showed a more upbeat tone despite concerns about slowing global growth, the volatile Brexit negotiations, U.S. -Iran sabre rattling and the lack of progress in U.S. "The re-escalation in the trade tension between USA and China since the meeting, that could change Fed's outlook a lot", said Eric Stein, co-director of the global income group at Eaton (NYSE:) Vance Management in Boston. Read More »

Motor The Honda Civic Type OveRland is a wild offroad hot hatch

perth_map

The Civic nameplate is popular in several countries across the globe mainly because of the sporty Type R variant of the hatchback. It's not quite finished yet, so details are relatively scant, but rest assured this is a vehicle about which we plan to find out much, much more... Read More »

Amazon Shareholders Reject Facial-Recognition Proposals

perth_map

Responding to the shareholder vote, Democratic U.S. Representative Jimmy Gomez said , "that just means that it's more important that Congress acts". Amazon shareholders have rejected two proposals that would have curbed the sales of its facial recognition software, Amazon Rekognition, according to Reuters and others. Read More »

Google faces first GDPR investigation in Europe

perth_map

The objective of the inquiry is to establish whether processing of personal data carried out at each stage of an advertising transaction is in compliance with the relevant provisions of the General Data Protection Regulation (GDPR ). "Authorized buyers using our systems are subject to stringent policies and standards". Regardless if you feel your company is effected by the CCPA or not, Ross urges all installing security and monitoring providers to be proactive in protecting their clients' ... Read More »

DJI AirSense Adds Aircraft Detection to Consumer Drones

perth_map

These devices receive sensors that can receive Automatic Dependent Surveillance Broadcast (ADS-B). DJI has already built several safety applications in its drones. Aircraft transmitting ADS-B signals send out their satellite location data, altitude and other positioning information. Andrew Moore, executive director at the National Agricultural Aviation Association, said ag pilots and crop sprayers can not detect low flying drones when they are flying. Read More »

British Steel collapses but will trade in administration

perth_map

So many people have given everything to try & make British Steel a success. He added the government has been in contact with former British Steel owner Tata Steel. British Steel had asked the government for a £75-million loan, later reducing its demand to £30 million after Greybull agreed to put up more money, according to a source close to the negotiations. Read More »

Oil prices plummet almost five per cent

perth_map

The ongoing shift in USA trade policy may become a growing concern as the International Monetary Fund (IMF) insists that 'consumers in the United States and China are unequivocally the losers from trade tensions, ' and the group goes onto say that 'failure to resolve trade differences and further escalation in other areas, such as the auto industry, which would cover several countries, could further dent business and financial market sentiment, negatively impact emerging market bond spreads ... Read More »

Tesla reduces prices on Models S and X amid stock slump

perth_map

We have long held that Tesla's share price performance is driven by: demand for its products, ability to generate cash flow, and access to capital markets. Moreover, on a sustained basis, Tesla is looking to produce almost 10,000 vehicles per week. It was also among Wall Street's more heavily shorted stocks, with about a fifth of its float on the line. Read More »

China seeks Asian neighbours' support in trade fight with U.S.

perth_map

Also on rt.com "Stupid economics": Attack on Huawei tells world to avoid doing business with US - Prof. For years, China has blocked major USA tech firms, including Google and Facebook, from fully operating in its market. India, the world's biggest buyer of United States almonds, on June 21, 2018 raised import duties on the nuts by 20% and increased tariffs on a range of other farm products and USA iron and steel, in retaliation for U.S. Read More »

RBA Boss Confirms Easing Bias Ahead Of June Meeting

perth_map

Futures jumped to imply around an 88% probability of a quarter-point cut in the 1.5% cash rate in June, from less than 60% at the start of the week. "Nevertheless, a lower level of interest rates could still be expected to support the economy through a depreciation of the exchange rate and by reducing required interest payments on borrowing, freeing up cash for other expenditure", the minutes said. Read More »

EE abandons launch of Huawei 5G phones amid USA ban

perth_map

EE, which is preparing to launch 5G service in six British cities later this month, said on Wednesday (May 22) that it would no longer offer a new Huawei smartphone as part of that service. A SoftBank spokesperson said the telco was holding back the sale so it had time to assess whether its customers could use the Huawei handset "with a sense of safety ". Read More »

Chinese airlines pressure Boeing for compensation over Max groundings

perth_map

A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a USA lawsuit against the plane maker, seeking at least 276 million US dollars in damages. The March crash came five months after 189 people were killed in a Lion Air crash in Indonesia in October 2018 that involved the same aircraft model. Read More »