Markets
Whitbread agrees to sell Costa Coffee for £3.9 billion to Coca-Cola
- August 31, 2018
Speaking on the BBC's Today programme, Ms Brittain explained that Coca-Cola wanted to buy Costa because "they want the coffee product, they have no coffee in their range". Premier Inn has 785 hotels in the United Kingdom and a sprinkling of others in Germany and the Middle East. The Press Association reported in May that Whitbread had been approached informally over a potential buyout of Costa. (more...)
- August 31, 2018
Speaking on the BBC's Today programme, Ms Brittain explained that Coca-Cola wanted to buy Costa because "they want the coffee product, they have no coffee in their range". Premier Inn has 785 hotels in the United Kingdom and a sprinkling of others in Germany and the Middle East. The Press Association reported in May that Whitbread had been approached informally over a potential buyout of Costa. (more...)
Tesla Model S Goes Airborne After Driver Overspeeds
- August 31, 2018
Police say the 46-year-old man was driving at a high rate of speed on Little Avenue in Barrie just after 8:30 p.m. on Tuesday. According to investigators, the "airborne" vehicle came to a stop beside a tree and after skidding 100 feet in the opposite lane. (more...)
- August 31, 2018
Police say the 46-year-old man was driving at a high rate of speed on Little Avenue in Barrie just after 8:30 p.m. on Tuesday. According to investigators, the "airborne" vehicle came to a stop beside a tree and after skidding 100 feet in the opposite lane. (more...)
Donald Trump Cancels Pay Raises For Federal Employees
- August 31, 2018
The rising deficit is due in part to the tax reform bill Trump signed into law in December. The Senate passed a bill this summer that included a 1.9% raise for federal workers. Barack Obama, Trump's predecessor, froze raises for civilian employees for three consecutive years during his two terms as president from 2011 through 2013. (more...)
- August 31, 2018
The rising deficit is due in part to the tax reform bill Trump signed into law in December. The Senate passed a bill this summer that included a 1.9% raise for federal workers. Barack Obama, Trump's predecessor, froze raises for civilian employees for three consecutive years during his two terms as president from 2011 through 2013. (more...)
YouTube alternative Facebook Watch launches in the UK
- August 31, 2018
To find it in your Facebook app on Android (or iOS ) you can just hit the Watch icon in your shortcuts bar or the "More" bookmark. Additionally, the company is rolling out its Ad Breaks service, which is created to allow companies to monetize their content, in a number of markets. (more...)
- August 31, 2018
To find it in your Facebook app on Android (or iOS ) you can just hit the Watch icon in your shortcuts bar or the "More" bookmark. Additionally, the company is rolling out its Ad Breaks service, which is created to allow companies to monetize their content, in a number of markets. (more...)
Federal court ruling leaves Trans Mountain pipeline expansion in doubt
- August 31, 2018
The court ruling will halt construction of the 1,150km project, spearheaded by Texas-based Kinder Morgan, until the energy regulator and government can show they have complied with the court's demands - a process that could take years. Shortly after the court ruling Thursday, Kinder Morgan Canada shareholders voted more than 99 per cent in favour of the sale . Morneau said the government expects to close on the acquisition of the project as early as Friday. (more...)
- August 31, 2018
The court ruling will halt construction of the 1,150km project, spearheaded by Texas-based Kinder Morgan, until the energy regulator and government can show they have complied with the court's demands - a process that could take years. Shortly after the court ruling Thursday, Kinder Morgan Canada shareholders voted more than 99 per cent in favour of the sale . Morneau said the government expects to close on the acquisition of the project as early as Friday. (more...)
Vodafone pledges $5/day roaming to remain after $11 billion TPG merger
- August 30, 2018
The new TPG, which will see current Vodafone chief Inaki Berroeta serve as CEO and current TPG chief David Teoh serve as chair, will produce revenue of AU$6 billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) of AU$1.8 billion, and have an operating free cash flow of AU$900 million. (more...)
- August 30, 2018
The new TPG, which will see current Vodafone chief Inaki Berroeta serve as CEO and current TPG chief David Teoh serve as chair, will produce revenue of AU$6 billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) of AU$1.8 billion, and have an operating free cash flow of AU$900 million. (more...)
Turns Out That ‘Pedo’ Diver’s Lawyer Did Contact Elon Musk
- August 30, 2018
The attorney's letter described Musk's tweets as "false and defamatory". The Tesla CEO and co-founder resurrected his calling of Vern Unsworth, the British diver who assisted in the Thai cave rescue last month, a "pedo" while conversing on Twitter on Tuesday. (more...)
- August 30, 2018
The attorney's letter described Musk's tweets as "false and defamatory". The Tesla CEO and co-founder resurrected his calling of Vern Unsworth, the British diver who assisted in the Thai cave rescue last month, a "pedo" while conversing on Twitter on Tuesday. (more...)
99.3% Of Demonetised Currency Back In System: RBI Report
- August 29, 2018
The government replaced old Rs 500 notes with new ones, but no replacement for Rs 1,000 notes have been made. "Compared to the previous year, there was an increase of 35% in counterfeit notes detected in the denomination of Rs 100, while there was a noticeable increase of 154.3% in counterfeit notes detected in the denomination of Rs 50", the report stated. (more...)
- August 29, 2018
The government replaced old Rs 500 notes with new ones, but no replacement for Rs 1,000 notes have been made. "Compared to the previous year, there was an increase of 35% in counterfeit notes detected in the denomination of Rs 100, while there was a noticeable increase of 154.3% in counterfeit notes detected in the denomination of Rs 50", the report stated. (more...)
NAFTA is Out, a New Trade Deal With Mexico is Officially Here
- August 28, 2018
Trump says negotiations with Canada have yet to begin and is calling on the country to negotiate fairly . While the United States position in the trade war may look stronger than China's now - the U.S. The danger, however, is that the trade war the president used to get all sides to the table might cause damage to the American economy while details are being worked out. (more...)
- August 28, 2018
Trump says negotiations with Canada have yet to begin and is calling on the country to negotiate fairly . While the United States position in the trade war may look stronger than China's now - the U.S. The danger, however, is that the trade war the president used to get all sides to the table might cause damage to the American economy while details are being worked out. (more...)
Mexico trade agreement sends markets to record highs
- August 28, 2018
Yet the preliminary agreement announced Monday is far from final. U.S. Treasury Secretary Steve Mnuchin said he believed the United States can reach a trade deal with Canada this week after coming to an agreement with Mexico. In the last three weeks, since Mr Musk tweeted about privatising the company , its share price has fallen by nearly 15 per cent. "They want to talk", Mr Trump said. (more...)
- August 28, 2018
Yet the preliminary agreement announced Monday is far from final. U.S. Treasury Secretary Steve Mnuchin said he believed the United States can reach a trade deal with Canada this week after coming to an agreement with Mexico. In the last three weeks, since Mr Musk tweeted about privatising the company , its share price has fallen by nearly 15 per cent. "They want to talk", Mr Trump said. (more...)
US, Mexico reportedly strike deal on new NAFTA agreement
- August 28, 2018
During the announcement, the president of Mexico phoned in on speakerphone, congratulating the negotiators on both sides. Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, said: " Canada is encouraged by the continued optimism shown by our negotiating partners". (more...)
- August 28, 2018
During the announcement, the president of Mexico phoned in on speakerphone, congratulating the negotiators on both sides. Adam Austen, a spokesman for Canadian Foreign Minister Chrystia Freeland, said: " Canada is encouraged by the continued optimism shown by our negotiating partners". (more...)
Trump terminating NAFTA, negotiating with Canada
- August 28, 2018
Al Jazeera's Kimberly Halkett, reporting from Washington , DC, said Trump was "delivering" on promises made during his successful presidential campaign to renegotiate major trade deals affecting United States workers. The U.S. president, since the time of his 2016 election campaign has referred to NAFTA as the worst trade deal in history and repeated especially inflammatory rhetoric about America's southern neighbor. (more...)
- August 28, 2018
Al Jazeera's Kimberly Halkett, reporting from Washington , DC, said Trump was "delivering" on promises made during his successful presidential campaign to renegotiate major trade deals affecting United States workers. The U.S. president, since the time of his 2016 election campaign has referred to NAFTA as the worst trade deal in history and repeated especially inflammatory rhetoric about America's southern neighbor. (more...)
Toyota to invest about $500 million in Uber for driverless cars
- August 28, 2018
Uber had suspended its self-driving auto program after a crash that killed a woman pushing a bicycle in a street in Arizona in March of this year. The company suspended all of its testing on public roads, however, after a self-driving Uber vehicle struck and killed a pedestrian in Arizona earlier this year. (more...)
- August 28, 2018
Uber had suspended its self-driving auto program after a crash that killed a woman pushing a bicycle in a street in Arizona in March of this year. The company suspended all of its testing on public roads, however, after a self-driving Uber vehicle struck and killed a pedestrian in Arizona earlier this year. (more...)
Aramco float on ice 'until time is right'
- August 28, 2018
Salman's plans to attract foreign investment were grounded in a strong PIF, which was itself to be heavily funded by Aramco's public offering, expected to raise at least Dollars 100 billion by itself even though it was to have been for only 5 percent of the company. (more...)
- August 28, 2018
Salman's plans to attract foreign investment were grounded in a strong PIF, which was itself to be heavily funded by Aramco's public offering, expected to raise at least Dollars 100 billion by itself even though it was to have been for only 5 percent of the company. (more...)
U.S., Mexico reach NAFTA deal; talks with Canada to start immediately
- August 27, 2018
Mexico's case provides an example: When the talks first began a year ago, negotiators sought to reach a deal by the end of 2018, so the nation's Congress could approve a deal before elections took place. They will also be required to use more local steel, aluminum and auto parts, and have a certain proportion of the vehicle made by workers earning at least $16 an hour, a boon to both the United States and Canada. (more...)
- August 27, 2018
Mexico's case provides an example: When the talks first began a year ago, negotiators sought to reach a deal by the end of 2018, so the nation's Congress could approve a deal before elections took place. They will also be required to use more local steel, aluminum and auto parts, and have a certain proportion of the vehicle made by workers earning at least $16 an hour, a boon to both the United States and Canada. (more...)
Warren Buffett's Berkshire Hathaway is entering a $1 trillion market in India
- August 27, 2018
The Mumbai-based Economic Times reported the talks Monday, noting that if Berkshire follows through by paying $285.4 million to $356.7 million for a 3-4% stake in One97 Communications, it would be Buffett's first direct investment in India. (more...)
- August 27, 2018
The Mumbai-based Economic Times reported the talks Monday, noting that if Berkshire follows through by paying $285.4 million to $356.7 million for a 3-4% stake in One97 Communications, it would be Buffett's first direct investment in India. (more...)
Elon Musk Says Tesla Will Not Go Private & Remain a Public Company
- August 27, 2018
SIMON: Any idea why Mr. Musk has changed his mind? Musk said in a statement on Friday night that he made the decision based on feedback from shareholders, including institutional investors, who said they had internal rules limiting how much they could sink into a private company. (more...)
- August 27, 2018
SIMON: Any idea why Mr. Musk has changed his mind? Musk said in a statement on Friday night that he made the decision based on feedback from shareholders, including institutional investors, who said they had internal rules limiting how much they could sink into a private company. (more...)
Bitcoin ETF Proposals Rejected by SEC
- August 27, 2018
Following a number of delays and also a decline earlier in the month, the SEC decision came in earlier than had been anticipated, with the SEC declining a total of 9 Bitcoin ETFs , from 3 applications that included 2 ProShares ETFs structured to track Bitcoin futures contracts. (more...)
- August 27, 2018
Following a number of delays and also a decline earlier in the month, the SEC decision came in earlier than had been anticipated, with the SEC declining a total of 9 Bitcoin ETFs , from 3 applications that included 2 ProShares ETFs structured to track Bitcoin futures contracts. (more...)
Ryanair has introduced new baggage rules
- August 27, 2018
In a statement Ryanair said: "Ryanair don't expect to make more money from this policy change". Sixty per cent of customers will be unaffected, because they either pay for priority boarding already or travel with only a small bag, according to Kenny Jacobs, Ryanair's chief marketing officer. (more...)
- August 27, 2018
In a statement Ryanair said: "Ryanair don't expect to make more money from this policy change". Sixty per cent of customers will be unaffected, because they either pay for priority boarding already or travel with only a small bag, according to Kenny Jacobs, Ryanair's chief marketing officer. (more...)
US yield curve flattest since 2007 as Fed’s…
- August 26, 2018
Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. Powell has likely put a floor under gold , that is, the recent low of $1,160 is unlikely to be breached in the near-term unless the inflation readings show signs that the economy is overheating, in which case the Fed may be compelled to tighten the policy at a faster pace and lift rates above the ... (more...)
- August 26, 2018
Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. Powell has likely put a floor under gold , that is, the recent low of $1,160 is unlikely to be breached in the near-term unless the inflation readings show signs that the economy is overheating, in which case the Fed may be compelled to tighten the policy at a faster pace and lift rates above the ... (more...)
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China's September trade surplus with U.S. widens to record $34.13B