Markets
U.S. stocks plunge amid trade tensions
- August 07, 2019
The escalations within the trade war between the world's largest economies are rattling traders already unnerved a couple of slowing world economic system, falling US company income and probably too-weak inflation. Aug 5 (Reuters) - Wall Street's main indexes fell sharply on Monday, with the Dow Jones Industrial Average tumbling more than 500 points, as China's willingness to let the yuan slide in response to the latest US tariff threat fanned fears that it could further aggravate an ongoing ... (more...)
- August 07, 2019
The escalations within the trade war between the world's largest economies are rattling traders already unnerved a couple of slowing world economic system, falling US company income and probably too-weak inflation. Aug 5 (Reuters) - Wall Street's main indexes fell sharply on Monday, with the Dow Jones Industrial Average tumbling more than 500 points, as China's willingness to let the yuan slide in response to the latest US tariff threat fanned fears that it could further aggravate an ongoing ... (more...)
Walmart Is Offering Free Streaming Video in India to Compete With Amazon
- August 07, 2019
It is estimated that the video streaming market in India would be worth $5 billion by 2023. "We have been working on this for the last one year and have made a huge technology investment", Kalyan Krishnamurthy , CEP - Flipkart India, said . (more...)
- August 07, 2019
It is estimated that the video streaming market in India would be worth $5 billion by 2023. "We have been working on this for the last one year and have made a huge technology investment", Kalyan Krishnamurthy , CEP - Flipkart India, said . (more...)
McDonald's may have exaggerated how 'eco-friendly' their straws are
- August 07, 2019
Last year, McDonald's said it was rolling out paper straws at all its United Kingdom and Ireland restaurants , and that tests in the USA and other countries would follow later in 2018. Paper straws in workplaces and restaurants are as unrecyclable as their plastic forerunners. "This waste from our restaurants does not go to landfill, but is used to generate energy", they added. (more...)
- August 07, 2019
Last year, McDonald's said it was rolling out paper straws at all its United Kingdom and Ireland restaurants , and that tests in the USA and other countries would follow later in 2018. Paper straws in workplaces and restaurants are as unrecyclable as their plastic forerunners. "This waste from our restaurants does not go to landfill, but is used to generate energy", they added. (more...)
High-End Retailer Barneys Files for Bankruptcy, Announces Several Store Closures
- August 06, 2019
Among locations slated for closure include stores in Chicago, Las Vegas and Seattle, in addition to five smaller concept stores and seven Barneys Warehouse locations. The company has secured $75 million in financing. The retailer denied claims of downsizing earlier this year, after first filing for bankruptcy following the fallout from its previous Japanese owner Isten - again over rent. (more...)
- August 06, 2019
Among locations slated for closure include stores in Chicago, Las Vegas and Seattle, in addition to five smaller concept stores and seven Barneys Warehouse locations. The company has secured $75 million in financing. The retailer denied claims of downsizing earlier this year, after first filing for bankruptcy following the fallout from its previous Japanese owner Isten - again over rent. (more...)
Japanese flying car hovers for a minute during test flight
- August 06, 2019
Under the road map compiled by the government, it aims to build prototype electric flying cars and conduct test flights this year and put the technology into practical use from 2023 onward. Flying vehicles are expected to be used for tourism, leisure activities, disaster relief, cargo transportation and easing of traffic congestion, but ensuring safety remains a key challenge amid the lack of standards and rules. (more...)
- August 06, 2019
Under the road map compiled by the government, it aims to build prototype electric flying cars and conduct test flights this year and put the technology into practical use from 2023 onward. Flying vehicles are expected to be used for tourism, leisure activities, disaster relief, cargo transportation and easing of traffic congestion, but ensuring safety remains a key challenge amid the lack of standards and rules. (more...)
Apple Could Bring Back One of the Top iPhone Features It Removed
- August 06, 2019
Apple has had good success with Apple Pay , and I'm sure it wishes to achieve similar benefits with the Apple Card. Now, we can confirm exactly what we suspected back when we told you how disgusting Samsung's new Galaxy Fold release timing was shaping up to be. (more...)
- August 06, 2019
Apple has had good success with Apple Pay , and I'm sure it wishes to achieve similar benefits with the Apple Card. Now, we can confirm exactly what we suspected back when we told you how disgusting Samsung's new Galaxy Fold release timing was shaping up to be. (more...)
GateHouse and Gannett agree to merge
- August 06, 2019
Gatehouse, owned by New Media Investment Group , publishes 156 daily newspapers and 464 community newspapers, reaching more than 22 million people each week. The company also has a reputation for consolidating operations where possible, which often leads to staff cuts. Several experts said they do not expect the Justice Department to have an issue with the deal, as the two companies have papers in different markets. (more...)
- August 06, 2019
Gatehouse, owned by New Media Investment Group , publishes 156 daily newspapers and 464 community newspapers, reaching more than 22 million people each week. The company also has a reputation for consolidating operations where possible, which often leads to staff cuts. Several experts said they do not expect the Justice Department to have an issue with the deal, as the two companies have papers in different markets. (more...)
British Airways plane evacuated after cabin fills with smoke
- August 06, 2019
Some reports on social media say that passengers were locked inside the smoke-filled cabin for as much as 50 minutes, even though they could hardly breathe. "People crying. No BA representative", calimed a third. Last month, a British Airways flight declared an emergency on its approach to Heathrow Airport . (more...)
- August 06, 2019
Some reports on social media say that passengers were locked inside the smoke-filled cabin for as much as 50 minutes, even though they could hardly breathe. "People crying. No BA representative", calimed a third. Last month, a British Airways flight declared an emergency on its approach to Heathrow Airport . (more...)
Protesters march in twin demonstrations ahead of general strike in Hong Kong
- August 06, 2019
A reporter was accused of assaulting a police officer and briefly detained during clearances of flash mob protests across Hong Kong on Monday night. Echoing her previous, worn-out statements in the ninth week of popular protests across the city, Lam emphasized her position that "Dissatisfaction with governance is not an excuse to resort to violence". (more...)
- August 06, 2019
A reporter was accused of assaulting a police officer and briefly detained during clearances of flash mob protests across Hong Kong on Monday night. Echoing her previous, worn-out statements in the ninth week of popular protests across the city, Lam emphasized her position that "Dissatisfaction with governance is not an excuse to resort to violence". (more...)
Gold hits six-year peak as trade, growth concerns spur demand
- August 06, 2019
Gold saw a sharp surge in demand as a safe haven asset which pushed the precious metal to an all-time high of Rs 37,347 per 10 grams on Monday amid growing trade tensions between United States and China. Lower interest rates decrease the opportunity cost of holding non-yielding bullion, and weigh on the dollar. Aiding the bullion's charm, the buck index.DXY touched a one-week reduced, making gold less costly for investors holding various other money. (more...)
- August 06, 2019
Gold saw a sharp surge in demand as a safe haven asset which pushed the precious metal to an all-time high of Rs 37,347 per 10 grams on Monday amid growing trade tensions between United States and China. Lower interest rates decrease the opportunity cost of holding non-yielding bullion, and weigh on the dollar. Aiding the bullion's charm, the buck index.DXY touched a one-week reduced, making gold less costly for investors holding various other money. (more...)
Huawei's first Android-rivaling smartphone may launch this year
- August 06, 2019
The move comes as Huawei's relationship with the US remains tense after the US Department of Commerce added Huawei to a trade blacklist in May, which prevents the company from buying important parts and components from American companies without US government approval. (more...)
- August 06, 2019
The move comes as Huawei's relationship with the US remains tense after the US Department of Commerce added Huawei to a trade blacklist in May, which prevents the company from buying important parts and components from American companies without US government approval. (more...)
US, South Korea prepare military drills despite North's ire
- August 06, 2019
Seoul's presidential office said it was highly likely to be "a new type of short-range ballistic missile". "We remain unchanged in our stand to resolve the issues through dialogue". Moon's office said it will also consider ending its military intelligence-sharing pact with Japan as part of its countermeasures, saying it could be hard to share sensitive information considering the deterioration of trust between the countries. (more...)
- August 06, 2019
Seoul's presidential office said it was highly likely to be "a new type of short-range ballistic missile". "We remain unchanged in our stand to resolve the issues through dialogue". Moon's office said it will also consider ending its military intelligence-sharing pact with Japan as part of its countermeasures, saying it could be hard to share sensitive information considering the deterioration of trust between the countries. (more...)
Increased 10% US Tariffs on Chinese Imports Worsen Trade talks
- August 05, 2019
Brent crude futures LCOc1 were down 71 cents, or 1.15%, to $61.18 per barrel by 0840 GMT. WTI crude futures for September delivery settled at $55.66 a barrel, rising $1.71 or 3.17 per cent, after Thursday's almost 8 per cent plunge, the biggest loss in more than four years. (more...)
- August 05, 2019
Brent crude futures LCOc1 were down 71 cents, or 1.15%, to $61.18 per barrel by 0840 GMT. WTI crude futures for September delivery settled at $55.66 a barrel, rising $1.71 or 3.17 per cent, after Thursday's almost 8 per cent plunge, the biggest loss in more than four years. (more...)
Heathrow Airport chaos persists even as strike is suspended
- August 05, 2019
The action is set to cause chaos with passengers, with London Heathrow being the busiest airport in Europe, and the busiest two-runway airport in the world, seeing an average of around 1,300 aircraft movements per day. Monday's strike at the UK's biggest airport was called off late on Sunday and some airlines , such as British Airways, reinstated flights. The total bill could double if the union goes ahead with a further 48-hour strike on Aug 23-24. (more...)
- August 05, 2019
The action is set to cause chaos with passengers, with London Heathrow being the busiest airport in Europe, and the busiest two-runway airport in the world, seeing an average of around 1,300 aircraft movements per day. Monday's strike at the UK's biggest airport was called off late on Sunday and some airlines , such as British Airways, reinstated flights. The total bill could double if the union goes ahead with a further 48-hour strike on Aug 23-24. (more...)
Markets fall sharply amid fears of full-scale US-China currency war
- August 05, 2019
Beijing pledged to respond if the US goes ahead with a plan to impose a 10% tariff on a further $300 billion in Chinese imports. It's called " currency manipulation". CURRENCY: The dollar dropped to 105.93 yen from Friday's 106.59 yen. A weaker yuan also might disrupt Chinese efforts to shore up cooling economic growth. (more...)
- August 05, 2019
Beijing pledged to respond if the US goes ahead with a plan to impose a 10% tariff on a further $300 billion in Chinese imports. It's called " currency manipulation". CURRENCY: The dollar dropped to 105.93 yen from Friday's 106.59 yen. A weaker yuan also might disrupt Chinese efforts to shore up cooling economic growth. (more...)
Stock Futures Plummet as China Devalues Yuan
- August 05, 2019
China's central bank sets the exchange rate each morning and allows the yuan to fluctuate by 2% against the dollar during the day. Markets have been badly spooked since U.S. "Trade continues to trend in the wrong direction". Bureaucrats in Beijing were stunned by Trump's announcement, according to Chinese officials who've been involved in the trade talks, and Beijing has pledged to respond if the United States insists on adding the extra tariffs. (more...)
- August 05, 2019
China's central bank sets the exchange rate each morning and allows the yuan to fluctuate by 2% against the dollar during the day. Markets have been badly spooked since U.S. "Trade continues to trend in the wrong direction". Bureaucrats in Beijing were stunned by Trump's announcement, according to Chinese officials who've been involved in the trade talks, and Beijing has pledged to respond if the United States insists on adding the extra tariffs. (more...)
'Hate has no place in our country': US President Donald Trump
- August 05, 2019
The attack in El Paso has been deemed racially motivated domestic terrorism. The nonprofit defines a mass shooting as any incident where four or more people were shot, not including the gunman. "We have to get it stopped, this has been going on for years and we have to get it stopped". The president spoke out about the duel shootings as he left his club in New Jersey for Washington . (more...)
- August 05, 2019
The attack in El Paso has been deemed racially motivated domestic terrorism. The nonprofit defines a mass shooting as any incident where four or more people were shot, not including the gunman. "We have to get it stopped, this has been going on for years and we have to get it stopped". The president spoke out about the duel shootings as he left his club in New Jersey for Washington . (more...)
Pres. Trump: "Fine with me" if China doesn't trade with us anymore
- August 05, 2019
US President Trump ramps up trade tariffs . "Until such time as there is a deal, we'll be taxing them". Trump escalated his trade war with China by announcing that he would impose a fresh 10 % tariff on another $300 billion of Chinese goods that will take effect from September 1, prompting a swift rebuke from Beijing and jolting global financial markets. (more...)
- August 05, 2019
US President Trump ramps up trade tariffs . "Until such time as there is a deal, we'll be taxing them". Trump escalated his trade war with China by announcing that he would impose a fresh 10 % tariff on another $300 billion of Chinese goods that will take effect from September 1, prompting a swift rebuke from Beijing and jolting global financial markets. (more...)
Oman Air issues statement regarding Heathrow Airport staff strike
- August 04, 2019
Heathrow Airport's Terminal 5. Heathrow, the world's busiest two-runway airport, cancelled 177 flights that were scheduled for Monday and Tuesday in advance of the planned industrial action, led by the Unite union. 'We have activated contingency plans which will keep the airport open and safe on both strike days. She said passengers should contact their airline for more information. (more...)
- August 04, 2019
Heathrow Airport's Terminal 5. Heathrow, the world's busiest two-runway airport, cancelled 177 flights that were scheduled for Monday and Tuesday in advance of the planned industrial action, led by the Unite union. 'We have activated contingency plans which will keep the airport open and safe on both strike days. She said passengers should contact their airline for more information. (more...)
Apple Card Won’t Allow Its Customers to Purchase Cryptocurrency
- August 04, 2019
As Apple looks to expand beyond hardware revenue into services and as Goldman looks to move beyond its investment banking roots into consumer products such as Marcus and Apple Card , expect that the duo will push the limits on consumer value and rewards. (more...)
- August 04, 2019
As Apple looks to expand beyond hardware revenue into services and as Goldman looks to move beyond its investment banking roots into consumer products such as Marcus and Apple Card , expect that the duo will push the limits on consumer value and rewards. (more...)
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