Markets
McDonald's to ditch plastic straws in United Kingdom and Ireland
- June 17, 2018
McDonald's is to replace plastic drinking straws with paper in all of its United Kingdom and Ireland branches. "Reflecting the broader public debate , our customers told us they wanted to see a move on straws", a company spokesperson said. (more...)
- June 17, 2018
McDonald's is to replace plastic drinking straws with paper in all of its United Kingdom and Ireland branches. "Reflecting the broader public debate , our customers told us they wanted to see a move on straws", a company spokesperson said. (more...)
Central bank moves: What the City is saying
- June 17, 2018
The nightmares that long haunted both hawks and doves have not come to pass, even as the Fed held interest rates near zero for years and snapped up some $3.5 trillion in bonds in an extraordinary effort to boost the recovery. An official said Trump would meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs. The pan-European Stoxx 600 index ended the day down 1 per cent but still sealed its strongest week in five, however, with investors comforted ... (more...)
- June 17, 2018
The nightmares that long haunted both hawks and doves have not come to pass, even as the Fed held interest rates near zero for years and snapped up some $3.5 trillion in bonds in an extraordinary effort to boost the recovery. An official said Trump would meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs. The pan-European Stoxx 600 index ended the day down 1 per cent but still sealed its strongest week in five, however, with investors comforted ... (more...)
Australia jobless rate ticked lower in May, full-time jobs slump
- June 16, 2018
On a trend basis, the jobless rate remained steady on 5.5% and 16,000 new jobs were created - a lot of them part time as full time job creation continued to slow. The trend participation rate decreased by less than 0.1 per cent to 65.5 per cent in May 2018, after the April figure was revised down. However, in the Seattle/Bellevue/Everett region, the labor force decreased by 1,700 over the same period. (more...)
- June 16, 2018
On a trend basis, the jobless rate remained steady on 5.5% and 16,000 new jobs were created - a lot of them part time as full time job creation continued to slow. The trend participation rate decreased by less than 0.1 per cent to 65.5 per cent in May 2018, after the April figure was revised down. However, in the Seattle/Bellevue/Everett region, the labor force decreased by 1,700 over the same period. (more...)
Trump, Iran spar over oil prices ahead of Opec meeting
- June 16, 2018
It now expects countries outside OPEC to pump 1.86 million barrels a day above 2017 level. Demand for OPEC oil during the second half of the year is projected at 33.3 million barrels per day, down by about a half million barrels from the same period last year. (more...)
- June 16, 2018
It now expects countries outside OPEC to pump 1.86 million barrels a day above 2017 level. Demand for OPEC oil during the second half of the year is projected at 33.3 million barrels per day, down by about a half million barrels from the same period last year. (more...)
No Champagne before Brexit, UK pub chain says
- June 16, 2018
Mr Martin has branded the EU customers union a "protectionist system" which penalises producers from the rest of the world and restricts choice in the UK. The new menu will include sparkling wines from Denbies in Surrey and United Kingdom beers Thornbridge Versa, from Derbyshire, and SA Brains' Atlantic from Cardiff. (more...)
- June 16, 2018
Mr Martin has branded the EU customers union a "protectionist system" which penalises producers from the rest of the world and restricts choice in the UK. The new menu will include sparkling wines from Denbies in Surrey and United Kingdom beers Thornbridge Versa, from Derbyshire, and SA Brains' Atlantic from Cardiff. (more...)
Trump puts 25% tariff on Chinese goods
- June 16, 2018
US soybean futures outpaced falls across most other markets on Friday as the trade war with China escalated and Beijing said it would impose tariffs on USA soybean imports, the single most valuable USA agricultural export product to its Asian rival. (more...)
- June 16, 2018
US soybean futures outpaced falls across most other markets on Friday as the trade war with China escalated and Beijing said it would impose tariffs on USA soybean imports, the single most valuable USA agricultural export product to its Asian rival. (more...)
China Declares Trade War Launched After Trump Unveils $50B Tariffs
- June 16, 2018
President to impose tariffs when it is in the interest of American " national security ". In a statement , Trump said a 25 per cent tariff will be applied to Chinese goods that "contain industrially significant technologies". "While we await further details on this trade action, President Trump is right on target ". In a tit-for-tat move, Beijing will impose tariffs starting July 6 on USA goods valued at $34 billion. (more...)
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- June 16, 2018
President to impose tariffs when it is in the interest of American " national security ". In a statement , Trump said a 25 per cent tariff will be applied to Chinese goods that "contain industrially significant technologies". "While we await further details on this trade action, President Trump is right on target ". In a tit-for-tat move, Beijing will impose tariffs starting July 6 on USA goods valued at $34 billion. (more...)
Volkswagen to pay 1 billion euro #dieselgate fine
- June 16, 2018
German auto manufacturer Volkswagen AG announced Wednesday to accept 1 billion euro (1.18 billion USA dollars) fine issued by local public prosecutor in the context of the diesel gate scandal, to terminate proceeding in Germany . Hausfeld represents aggrieved VW owners and shareholders on both sides of the Atlantic. Prosecutors in Braunschweig, Germany , announced the penalty Wednesday in connection with their investigation into Volkswagen's intentional use of software to cheat emissions ... (more...)
- June 16, 2018
German auto manufacturer Volkswagen AG announced Wednesday to accept 1 billion euro (1.18 billion USA dollars) fine issued by local public prosecutor in the context of the diesel gate scandal, to terminate proceeding in Germany . Hausfeld represents aggrieved VW owners and shareholders on both sides of the Atlantic. Prosecutors in Braunschweig, Germany , announced the penalty Wednesday in connection with their investigation into Volkswagen's intentional use of software to cheat emissions ... (more...)
New Revelations of Facebook Data Sharing With Device Makers Raises Questions
- June 16, 2018
The non-stop concerns about improper data sharing practices at social media giant Facebook show no signs of stopping. Does anyone really think Facebook's going to stop collecting data from users or otherwise? Starting July 2, Facebook will require advertisers to tell its users if an ad they're seeing is served up because of info supplied by a data broker, a firm that collects and sells consumers' personal data to businesses. (more...)
- June 16, 2018
The non-stop concerns about improper data sharing practices at social media giant Facebook show no signs of stopping. Does anyone really think Facebook's going to stop collecting data from users or otherwise? Starting July 2, Facebook will require advertisers to tell its users if an ad they're seeing is served up because of info supplied by a data broker, a firm that collects and sells consumers' personal data to businesses. (more...)
Airline technical issue causes more than 100 flight cancellations at Charlotte airport
- June 16, 2018
American Airlines said a technical glitch caused flights to be canceled yesterday. "Our team members are focused on taking care of our customers by accommodating them on mainline flights or other regional carriers". Overall, the outage has affected about 4 percent of American's global flight operations, mostly shorter routes from the carrier's hub in Charlotte, according to news reports . (more...)
- June 16, 2018
American Airlines said a technical glitch caused flights to be canceled yesterday. "Our team members are focused on taking care of our customers by accommodating them on mainline flights or other regional carriers". Overall, the outage has affected about 4 percent of American's global flight operations, mostly shorter routes from the carrier's hub in Charlotte, according to news reports . (more...)
'Our hearts break': law enforcement react after 2 Wyandotte County deputies shot
- June 16, 2018
Kelli Bailiff said at a press conference. The other deputy is in critical condition. Kansas City police are investigating both incidents. Video from the scene showed the courthouse surrounded by yellow police tape, several police vehicles parked in the street and numerous uniformed law enforcement officers walking the grounds. (more...)
- June 16, 2018
Kelli Bailiff said at a press conference. The other deputy is in critical condition. Kansas City police are investigating both incidents. Video from the scene showed the courthouse surrounded by yellow police tape, several police vehicles parked in the street and numerous uniformed law enforcement officers walking the grounds. (more...)
Will Amazon's work to kill Seattle tax spook other cities?
- June 16, 2018
The campaign has raised about $285,000 in cash contributions, with more employers, including Amazon and Starbucks, pledging almost $200,000 in additional support. "It's frustrating to see the council be so spineless when the city has so much leverage for businesses to come here despite the tax", said Jake Lindsay, 25, a musician and Lyft driver who supported the tax. (more...)
- June 16, 2018
The campaign has raised about $285,000 in cash contributions, with more employers, including Amazon and Starbucks, pledging almost $200,000 in additional support. "It's frustrating to see the council be so spineless when the city has so much leverage for businesses to come here despite the tax", said Jake Lindsay, 25, a musician and Lyft driver who supported the tax. (more...)
Theranos founder Elizabeth Holmes indicted for alleged fraud; out as CEO
- June 16, 2018
The DoJ says the charges could put them in prison for up to 20 years and add additional fines of $250,000 for each count of wire fraud. CNBC reports that Holmes will still chair Theranos' board and the company's general counsel, David Taylor, has been appointed CEO. (more...)
- June 16, 2018
The DoJ says the charges could put them in prison for up to 20 years and add additional fines of $250,000 for each count of wire fraud. CNBC reports that Holmes will still chair Theranos' board and the company's general counsel, David Taylor, has been appointed CEO. (more...)
Trump Approves Tariffs On $50B In Chinese Goods
- June 16, 2018
The Dow Jones Industrial Average slipped as much as 250 points, or 1%, to 24,950 in mid-day trading, led by multinationals with business in China: Caterpillar (down 3%) and Boeing (down 2.2%). "We will immediately introduce the same scale and equal taxation measures, and all economic and trade achievements reached by the two sides will be invalidated". (more...)
- June 16, 2018
The Dow Jones Industrial Average slipped as much as 250 points, or 1%, to 24,950 in mid-day trading, led by multinationals with business in China: Caterpillar (down 3%) and Boeing (down 2.2%). "We will immediately introduce the same scale and equal taxation measures, and all economic and trade achievements reached by the two sides will be invalidated". (more...)
Kellogg's announces cereal recall due to Salmonella risk
- June 15, 2018
No deaths have been reported in connection with Honey Smacks , but the FDA says it's "working with the company to quickly remove this cereal from the marketplace". No other Kellogg products are impacted by this recall. High-risk people include children younger than 5 years, adults older than 65, and people with weakened immune systems. (more...)
- June 15, 2018
No deaths have been reported in connection with Honey Smacks , but the FDA says it's "working with the company to quickly remove this cereal from the marketplace". No other Kellogg products are impacted by this recall. High-risk people include children younger than 5 years, adults older than 65, and people with weakened immune systems. (more...)
McDonald's to replace plastic straws with paper ones
- June 15, 2018
NEW YORK McDonalds said Friday 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. But not everyone thinks total bans are the answer. McDonald's has revealed it will replace plastic straws with paper ones at its United Kingdom and Ireland restaurants. (more...)
- June 15, 2018
NEW YORK McDonalds said Friday 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. But not everyone thinks total bans are the answer. McDonald's has revealed it will replace plastic straws with paper ones at its United Kingdom and Ireland restaurants. (more...)
China vows to retaliate 'immediately' to US tariffs
- June 15, 2018
The president has been threatening tariffs against China since USA officials concluded that Beijing abuses American intellectual-property rights. Washington has also completed a second list of possible tariffs on another $100 billion in Chinese goods, in the expectation that China will respond to the initial USA tariff list in kind, sources told Reuters. (more...)
- June 15, 2018
The president has been threatening tariffs against China since USA officials concluded that Beijing abuses American intellectual-property rights. Washington has also completed a second list of possible tariffs on another $100 billion in Chinese goods, in the expectation that China will respond to the initial USA tariff list in kind, sources told Reuters. (more...)
OPEC: Saudi Arabia Boosts Output As US Oil Growth Rate To Double
- June 15, 2018
The minister, Jabar al-Luaibi, said that oil prices still require support and stability, and producers "should not over-exaggerate" the oil markets need for more supplies. Other producers are also increasing output. The US Energy Information Administration (EIA), which defines it as production that can be brought online for 30 days and sustained for at least 90 days, put OPEC's spare capacity at 1.91 million bpd in the first quarter. (more...)
- June 15, 2018
The minister, Jabar al-Luaibi, said that oil prices still require support and stability, and producers "should not over-exaggerate" the oil markets need for more supplies. Other producers are also increasing output. The US Energy Information Administration (EIA), which defines it as production that can be brought online for 30 days and sustained for at least 90 days, put OPEC's spare capacity at 1.91 million bpd in the first quarter. (more...)
Primary election lesson for GOP: Don't cross President Donald Trump
- June 15, 2018
The upset of Sanford, a member of the conservative House Freedom Caucus, was the latest sign of Trump's firm grip on the Republican Party. After all, Trump did get 33 percent of the Bay State vote in 2016. After the Access Hollywood tape dropped, in which Trump bragged about grabbing women "by the pussy", Roby said she could no longer vote for Trump. (more...)
- June 15, 2018
The upset of Sanford, a member of the conservative House Freedom Caucus, was the latest sign of Trump's firm grip on the Republican Party. After all, Trump did get 33 percent of the Bay State vote in 2016. After the Access Hollywood tape dropped, in which Trump bragged about grabbing women "by the pussy", Roby said she could no longer vote for Trump. (more...)
SF requires highest hourly wage to afford 2-bedroom apartment
- June 15, 2018
In Virginia, where the minimum wage is $7.25, the gap is even greater. People who spend more than that amount are considered "cost-burdened" and often have to cut corners in other areas to make their budgets work. The cost of housing has steadily risen along with increased demand for rentals, yet new construction has trended toward the high-end market due to lofty development expenses, the findings said. (more...)
- June 15, 2018
In Virginia, where the minimum wage is $7.25, the gap is even greater. People who spend more than that amount are considered "cost-burdened" and often have to cut corners in other areas to make their budgets work. The cost of housing has steadily risen along with increased demand for rentals, yet new construction has trended toward the high-end market due to lofty development expenses, the findings said. (more...)
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U.S. threatens retaliatory levies if United Kingdom presses ahead with digital tax