Markets
House of Representatives passes bill to restore net neutrality
- April 12, 2019
If the bill passed the Senate, the White House signaled this week President Donald Trump would likely veto it. Senate Republican Leader Mitch McConnell of Kentucky told Reuters Tuesday that the House bill, which passed 232 - 190, is " dead on arrival ". (more...)
- April 12, 2019
If the bill passed the Senate, the White House signaled this week President Donald Trump would likely veto it. Senate Republican Leader Mitch McConnell of Kentucky told Reuters Tuesday that the House bill, which passed 232 - 190, is " dead on arrival ". (more...)
International Olympic Committee resumes fuel supply to Jet Airways
- April 12, 2019
After stopping fuel supply to Jet Airways from 3 pm on Wednesday over non-payment of dues by the airline, the company resumed the service in the evening, a senior International Olympic Committee official said. The DGCA said on its website that the de-registered aircraft belong to Crolly Aviation, Mardal Aviation, Allenwood Aircraft Leasing, Dungarvan Aircraft Leasing, Elphin Aircraft Leasing, Carlow Aircraft Leasing and Ballyhaunis Aircraft Leasing, all of them headquartered in Dublin, ... (more...)
- April 12, 2019
After stopping fuel supply to Jet Airways from 3 pm on Wednesday over non-payment of dues by the airline, the company resumed the service in the evening, a senior International Olympic Committee official said. The DGCA said on its website that the de-registered aircraft belong to Crolly Aviation, Mardal Aviation, Allenwood Aircraft Leasing, Dungarvan Aircraft Leasing, Elphin Aircraft Leasing, Carlow Aircraft Leasing and Ballyhaunis Aircraft Leasing, all of them headquartered in Dublin, ... (more...)
Jet Airways Cancels All Overseas Flights Till Friday Morning: 10 Points
- April 12, 2019
In addition to this, a number of Jet's domestic flights were also cancelled. Speaking on the recent Jet Airways crisis, Civil Aviation Secretary Pradeep Singh Kharola said, "It (Jet Airways) is now operating less than 15 planes and its eligibility to fly on global routes needs to be examined". (more...)
- April 12, 2019
In addition to this, a number of Jet's domestic flights were also cancelled. Speaking on the recent Jet Airways crisis, Civil Aviation Secretary Pradeep Singh Kharola said, "It (Jet Airways) is now operating less than 15 planes and its eligibility to fly on global routes needs to be examined". (more...)
Google drone deliveries cleared for take-off in Australia
- April 12, 2019
The division has been testing drones here in Australia since 2014 and originally planned to launch a commercial service in 2017, but missed the target. The aviation authority says Wing must use this quieter drone for its commercial service. While a full-scale drone delivery service is a long way off, receiving official CASA approval to operate in these slightly more built-up areas is an important next step in getting me my aerial caffeine fix. (more...)
- April 12, 2019
The division has been testing drones here in Australia since 2014 and originally planned to launch a commercial service in 2017, but missed the target. The aviation authority says Wing must use this quieter drone for its commercial service. While a full-scale drone delivery service is a long way off, receiving official CASA approval to operate in these slightly more built-up areas is an important next step in getting me my aerial caffeine fix. (more...)
British engineers complete milestone test of their new high-speed 'spaceplane'
- April 12, 2019
Mach 3.3 matches the speed record of the SR-71 Blackbird aircraft, the world's fastest jet-engine powered aircraft produced to date and is over 50% faster than the cruising speed of Concorde. It comes 30 years after Reaction Engines was formed in the United Kingdom around an engine cycle concept to enable access to space and hypersonic air-breathing flight from a standing start. (more...)
- April 12, 2019
Mach 3.3 matches the speed record of the SR-71 Blackbird aircraft, the world's fastest jet-engine powered aircraft produced to date and is over 50% faster than the cruising speed of Concorde. It comes 30 years after Reaction Engines was formed in the United Kingdom around an engine cycle concept to enable access to space and hypersonic air-breathing flight from a standing start. (more...)
Uber plans to sell $10 billion stock in IPO
- April 12, 2019
Uber said it plans to give bonuses to qualified drivers and is setting aside an undisclosed portion of its stock for drivers to buy. Uber expected to raise about $10 billion at a valuation of $90 billion to $ 100 billion . And it's likely to be the largest among US tech companies since Facebook took its bow on Wall Street seven years ago at a time when most people hadn't ever considered using an app on their smartphone to summon a ride from strangers driving their own cars. (more...)
- April 12, 2019
Uber said it plans to give bonuses to qualified drivers and is setting aside an undisclosed portion of its stock for drivers to buy. Uber expected to raise about $10 billion at a valuation of $90 billion to $ 100 billion . And it's likely to be the largest among US tech companies since Facebook took its bow on Wall Street seven years ago at a time when most people hadn't ever considered using an app on their smartphone to summon a ride from strangers driving their own cars. (more...)
Saudi Aramco's Bond Is a Chance to Be Greedy
- April 12, 2019
The investor clamour raised even more interest than the Kingdom's sovereign bond market debut in 2016, which drew offers worth more than $67bn, and trounced the $52bn interest in the $12bn deal offered by Gulf rival Qatar. The bonds are divided into tranches of three, five, 10, 20 and 30 years. The order book for Aramco expanded from about $40 billion when the deal kicked off, people with knowledge of the deal said. (more...)
- April 12, 2019
The investor clamour raised even more interest than the Kingdom's sovereign bond market debut in 2016, which drew offers worth more than $67bn, and trounced the $52bn interest in the $12bn deal offered by Gulf rival Qatar. The bonds are divided into tranches of three, five, 10, 20 and 30 years. The order book for Aramco expanded from about $40 billion when the deal kicked off, people with knowledge of the deal said. (more...)
Report reveals that Amazon staff listen to Alexa recordings
- April 12, 2019
Two "reviewers", the employees who listen to and transcribe the sound, were interviewed by Bloomberg . While much of the work is described as "mundane", such as listening in for phrases including "Taylor Swift" to give the voice assistant context to commands, other clips captured are more private - including the example of a woman singing in the shower and a child "screaming for help". (more...)
- April 12, 2019
Two "reviewers", the employees who listen to and transcribe the sound, were interviewed by Bloomberg . While much of the work is described as "mundane", such as listening in for phrases including "Taylor Swift" to give the voice assistant context to commands, other clips captured are more private - including the example of a woman singing in the shower and a child "screaming for help". (more...)
Oil rises above $71 on tight supply
- April 11, 2019
The increase report defied market expectation, which forecast a build of 2.29 million barrels of crude oil inventories in the country. "I think we got a bit carried away with the fact that we took it for granted that those volumes were required by November", Al Mazrouei said, suggesting that this time around, the OPEC-Russia alliance won't be fooled into pre-producing more oil when it's not immediately required by the market. (more...)
- April 11, 2019
The increase report defied market expectation, which forecast a build of 2.29 million barrels of crude oil inventories in the country. "I think we got a bit carried away with the fact that we took it for granted that those volumes were required by November", Al Mazrouei said, suggesting that this time around, the OPEC-Russia alliance won't be fooled into pre-producing more oil when it's not immediately required by the market. (more...)
China plans to ban Bitcoin mining, report claims
- April 10, 2019
As per a circular issued by the Chinese National Development and Reform Commission (NDRC) on Monday, the government body has made it clear that it is now seeking public opinion on a " revised list of industries" that the masses would like to either see proposer, restricted or eliminated altogether. (more...)
- April 10, 2019
As per a circular issued by the Chinese National Development and Reform Commission (NDRC) on Monday, the government body has made it clear that it is now seeking public opinion on a " revised list of industries" that the masses would like to either see proposer, restricted or eliminated altogether. (more...)
Take Selfie at Phuket Airport Beach, Expect The Death Penalty
- April 10, 2019
Tourists at this Phuket Beach may face the death penalty for taking photos under a plane. Airport officials have decided that taking selfies can distract pilots trying to land. Mr Kaeothaithiam said moving forward, the end of the beach near the runway will fall under a newly developed "off limits" safety zone, which will take effect soon. (more...)
- April 10, 2019
Tourists at this Phuket Beach may face the death penalty for taking photos under a plane. Airport officials have decided that taking selfies can distract pilots trying to land. Mr Kaeothaithiam said moving forward, the end of the beach near the runway will fall under a newly developed "off limits" safety zone, which will take effect soon. (more...)
Theresa May seeks Brexit delay from Merkel and Macron
- April 10, 2019
France is expected to demand the removal of the post of British European commissioner as a price for a long Brexit delay , leaving Britain without a seat at the top table of Brussels decision-making for the first time since 1973. Under a provision of the Lisbon treaty, Brussels is able to reduce the number of commissioners from its current 28, under which each member state is represented in the EU's executive branch. (more...)
- April 10, 2019
France is expected to demand the removal of the post of British European commissioner as a price for a long Brexit delay , leaving Britain without a seat at the top table of Brussels decision-making for the first time since 1973. Under a provision of the Lisbon treaty, Brussels is able to reduce the number of commissioners from its current 28, under which each member state is represented in the EU's executive branch. (more...)
International Monetary Fund cuts PH growth forecast to 6.5% for 2019
- April 10, 2019
All of these have to be put in a context of reforms that help boost private sector performance". The IMF said it was assuming an orderly " Brexit ". Just a day after Finance Minister Asad Umar claimed that the economy is out of the woods, the International Monetary Fund (IMF) has said Pakistan's economy will grow at an average rate of just 2.5% during the next five years and its external imbalance will remain elevated. (more...)
- April 10, 2019
All of these have to be put in a context of reforms that help boost private sector performance". The IMF said it was assuming an orderly " Brexit ". Just a day after Finance Minister Asad Umar claimed that the economy is out of the woods, the International Monetary Fund (IMF) has said Pakistan's economy will grow at an average rate of just 2.5% during the next five years and its external imbalance will remain elevated. (more...)
Gas prices continue to rise nationwide
- April 10, 2019
Monday might not be fun day, but it's the best day of the week in most states to save money at the gas pump. And the priciest day for gas is Friday. There's no doubt drivers have noticed the jump at the gas pump, with average gasoline prices in the USA up 50 cents per gallon since January. (more...)
- April 10, 2019
Monday might not be fun day, but it's the best day of the week in most states to save money at the gas pump. And the priciest day for gas is Friday. There's no doubt drivers have noticed the jump at the gas pump, with average gasoline prices in the USA up 50 cents per gallon since January. (more...)
Burger King slammed on social media over ad featuring chopsticks: 'It's racist'
- April 10, 2019
She added: "I'm so sick of racism ". "Chopsticks are hilarious right", sarcastically tweeted Mo Carey, a New Zealander who was among those to first flag the advert . Mo was not the only user to find the ad to be in poor taste. "It says a lot [about] what kind of demographics they must employ across the board for their ads". (more...)
- April 10, 2019
She added: "I'm so sick of racism ". "Chopsticks are hilarious right", sarcastically tweeted Mo Carey, a New Zealander who was among those to first flag the advert . Mo was not the only user to find the ad to be in poor taste. "It says a lot [about] what kind of demographics they must employ across the board for their ads". (more...)
James Packer's $10b casino deal with Las Vegas gambling giant falls through
- April 10, 2019
Before heading back to Washington following his trip to the U.S. -Mexico border in California over the weekend, President Donald Trump made a brief stop in Las Vegas. Crown largely retreated from overseas markets after a crackdown in China in late 2016 that resulted in 19 current and former Crown staff being convicted of illegally promoting gambling on the mainland, receiving jail terms of as long as 10 months. (more...)
- April 10, 2019
Before heading back to Washington following his trip to the U.S. -Mexico border in California over the weekend, President Donald Trump made a brief stop in Las Vegas. Crown largely retreated from overseas markets after a crackdown in China in late 2016 that resulted in 19 current and former Crown staff being convicted of illegally promoting gambling on the mainland, receiving jail terms of as long as 10 months. (more...)
Nissan ex-chair Ghosn says a 'conspiracy' led to his arrest
- April 09, 2019
The company had been close to failure before his arrival. In a pre-recorded video message released on Tuesday, Ghosn repeated that he was "innocent of all the charges that have been brought" against him. He also said he disagrees with accusations that he was a greedy, dictatorial leader. The latest arrest was in connection with new allegations that five million dollars (€4,452,600) sent by a Nissan subsidiary meant for an Oman dealership was diverted to a company controlled by Ghosn. (more...)
- April 09, 2019
The company had been close to failure before his arrival. In a pre-recorded video message released on Tuesday, Ghosn repeated that he was "innocent of all the charges that have been brought" against him. He also said he disagrees with accusations that he was a greedy, dictatorial leader. The latest arrest was in connection with new allegations that five million dollars (€4,452,600) sent by a Nissan subsidiary meant for an Oman dealership was diverted to a company controlled by Ghosn. (more...)
Sports Direct and Newcastle United owner Mike Ashley in talks over Debenhams
- April 09, 2019
Over the weekend Mr Ashley tore into Debenhams executives, calling on Sunday night for the board of the struggling high street chain to be investigated, two members to undergo lie detector tests, and trading in its shares to be suspended. Despite that looming deadline Debenhams does not trust the billionaire Ashley to stump up the cash and the two sides have clashed over what should happen next. (more...)
- April 09, 2019
Over the weekend Mr Ashley tore into Debenhams executives, calling on Sunday night for the board of the struggling high street chain to be investigated, two members to undergo lie detector tests, and trading in its shares to be suspended. Despite that looming deadline Debenhams does not trust the billionaire Ashley to stump up the cash and the two sides have clashed over what should happen next. (more...)
British retailer Debenhams falls into administration
- April 09, 2019
A spokesman for Suffolk Trading Standards said: "With news that Debenhams are on the brink of administration, we would advise that if you gave any gift vouchers, and are able to get to a store, you should spend them as soon as possible". Debenhams is now looking at planned closures and renegotiating rents with landlords in order to tackle its debts. Chairman Terry Duddy said it was "disappointing" that existing shareholders would be wiped out by the process. (more...)
- April 09, 2019
A spokesman for Suffolk Trading Standards said: "With news that Debenhams are on the brink of administration, we would advise that if you gave any gift vouchers, and are able to get to a store, you should spend them as soon as possible". Debenhams is now looking at planned closures and renegotiating rents with landlords in order to tackle its debts. Chairman Terry Duddy said it was "disappointing" that existing shareholders would be wiped out by the process. (more...)
Pinterest sets sites on $1.5B in first public share offering
- April 09, 2019
The company intends to list on the New York Stock Exchange for between $15 and $17 per share, according to documents filed with the US Securities and Exchange Commission. It doesn't push users to add friends or build connections. This quarter Pinterest is expected to lose $55 million in their operations but admits they are in the early stages of monetization in their platform, so they anticipate making adjustments over time that attract more advertisers and "Pinners" (regular Pinterest users). (more...)
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- April 09, 2019
The company intends to list on the New York Stock Exchange for between $15 and $17 per share, according to documents filed with the US Securities and Exchange Commission. It doesn't push users to add friends or build connections. This quarter Pinterest is expected to lose $55 million in their operations but admits they are in the early stages of monetization in their platform, so they anticipate making adjustments over time that attract more advertisers and "Pinners" (regular Pinterest users). (more...)
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