Markets
TUI adds millions of seats following Thomas Cook collapse
- October 12, 2019
The travel and cruise industries have been devastated following the news of the Thomas Cook collapse a couple of weeks ago, which left 150,000 holidaymakers stranded overseas and 20,000 staff, including 9,000 in the United Kingdom, jobless. (more...)
- October 12, 2019
The travel and cruise industries have been devastated following the news of the Thomas Cook collapse a couple of weeks ago, which left 150,000 holidaymakers stranded overseas and 20,000 staff, including 9,000 in the United Kingdom, jobless. (more...)
Renault ousts CEO in post Ghosn-era reset
- October 12, 2019
Bollore, perceived as being a man close to alliance partner Nissan's now-ousted leader, Carlos Ghosn, was also serving on the new operating board set up to run the alliance after Ghosn's arrest , alongside Senard and Nissan's Hiroto Saikawa and Osamu Masuko. (more...)
- October 12, 2019
Bollore, perceived as being a man close to alliance partner Nissan's now-ousted leader, Carlos Ghosn, was also serving on the new operating board set up to run the alliance after Ghosn's arrest , alongside Senard and Nissan's Hiroto Saikawa and Osamu Masuko. (more...)
Brexit deal hopes hang on British breakfast with Barnier
- October 12, 2019
Following the meetings on Friday, the European Commission reiterated its position, stating that "there must be a legally operative solution in the Withdrawal Agreement that avoids a hard border on the island of Ireland , protects the all-island economy and the Good Friday (Belfast) Agreement in all its dimensions, and safeguards the integrity of the Single Market". (more...)
- October 12, 2019
Following the meetings on Friday, the European Commission reiterated its position, stating that "there must be a legally operative solution in the Withdrawal Agreement that avoids a hard border on the island of Ireland , protects the all-island economy and the Good Friday (Belfast) Agreement in all its dimensions, and safeguards the integrity of the Single Market". (more...)
Chicken recall expanded due to possible Listeria risk
- October 12, 2019
The products were produced and sold from January 21 through September 24 of this year, but luckily, it seems that no one has reported any illness or adverse reactions to consuming the chicken. A full list of stores affected by the recall can be found here. There have been no confirmed reports of adverse reactions because of consumption of these products. (more...)
- October 12, 2019
The products were produced and sold from January 21 through September 24 of this year, but luckily, it seems that no one has reported any illness or adverse reactions to consuming the chicken. A full list of stores affected by the recall can be found here. There have been no confirmed reports of adverse reactions because of consumption of these products. (more...)
GM, UAW clash over how to reach deal to end lengthy strike
- October 11, 2019
GM said that the day before the strike began that it had offered to make $7 billion in new U.S. investments in eight facilities in four states, but did not specify timing, location or products with the exception of a planned electric truck. (more...)
- October 11, 2019
GM said that the day before the strike began that it had offered to make $7 billion in new U.S. investments in eight facilities in four states, but did not specify timing, location or products with the exception of a planned electric truck. (more...)
France says European Union sanctions against Turkey 'on the table'
- October 11, 2019
The Syrian Kurdish militia was the only United States ally in the campaign that brought down IS in Syria. Mr Trump warned Turkey to safeguard civilians, threatening sanctions in a flurry of tweets on Thursday. The Syrian Kurdish fighters, along with United States troops, have been involved in mopping up operations against IS fighters still holed up in the desert after their territorial hold was toppled earlier this year. (more...)
- October 11, 2019
The Syrian Kurdish militia was the only United States ally in the campaign that brought down IS in Syria. Mr Trump warned Turkey to safeguard civilians, threatening sanctions in a flurry of tweets on Thursday. The Syrian Kurdish fighters, along with United States troops, have been involved in mopping up operations against IS fighters still holed up in the desert after their territorial hold was toppled earlier this year. (more...)
Blind man sues Domino's Pizza over website accessibility
- October 11, 2019
The case will now proceed to trial. "With a growing number of website accessibility cases being filed and conflicting rulings from circuit courts across the country, this is an issue that needs the clarity of a Supreme Court ruling", NRF senior VP and general counsel Stephanie Martz said. (more...)
- October 11, 2019
The case will now proceed to trial. "With a growing number of website accessibility cases being filed and conflicting rulings from circuit courts across the country, this is an issue that needs the clarity of a Supreme Court ruling", NRF senior VP and general counsel Stephanie Martz said. (more...)
No Northern Ireland party will have veto on Brexit deal -UK minister
- October 11, 2019
EU chief negotiator Michel Barnier was meeting British Brexit Secretary Steve Barclay for breakfast at the EU Commission's Berlaymont headquarters in Brussels in talks that could pave the way for a deal at an October 17-18 summit. Some European sources in Brussels have suggested that EU leaders may offer Britain an extension even if Johnson does not ask for one. The pound's rise since Thursday is the biggest two-day gain since before the Brexit vote in 2016. (more...)
- October 11, 2019
EU chief negotiator Michel Barnier was meeting British Brexit Secretary Steve Barclay for breakfast at the EU Commission's Berlaymont headquarters in Brussels in talks that could pave the way for a deal at an October 17-18 summit. Some European sources in Brussels have suggested that EU leaders may offer Britain an extension even if Johnson does not ask for one. The pound's rise since Thursday is the biggest two-day gain since before the Brexit vote in 2016. (more...)
Social Security Checks Get Modest 1.6% COLA Boost for 2020
- October 11, 2019
But seniors and advocates complain that the inflation yardstick used to determine the annual adjustment doesn't adequately reflect their costs, mainly for health care. That's just one of the ideas in their Social Security plans, which would also bolster underlying benefits and raise taxes to keep the program afloat. (more...)
- October 11, 2019
But seniors and advocates complain that the inflation yardstick used to determine the annual adjustment doesn't adequately reflect their costs, mainly for health care. That's just one of the ideas in their Social Security plans, which would also bolster underlying benefits and raise taxes to keep the program afloat. (more...)
Deutsche Bank tells United States court it does not have Trump's tax returns
- October 11, 2019
Deutsche Bank has told a federal appeals court it does not have President Donald Trump's personal tax returns . Deutsche Bank says it does not have copies of US President Donald Trump's tax returns, a US appeals court said yesterday, closing one possible avenue for the Democratic-led US House of Representatives to obtain the returns. (more...)
- October 11, 2019
Deutsche Bank has told a federal appeals court it does not have President Donald Trump's personal tax returns . Deutsche Bank says it does not have copies of US President Donald Trump's tax returns, a US appeals court said yesterday, closing one possible avenue for the Democratic-led US House of Representatives to obtain the returns. (more...)
China ministerial trade talks to start
- October 11, 2019
Mr Liu, China's top trade negotiator, made his comment in Washington when he met president of the US-China Business Council Craig Allen, executive vice president and head of worldwide Affairs, US Chamber of Commerce Myron Brilliant and new IMF Managing Director Kristalina Georgieva. (more...)
- October 11, 2019
Mr Liu, China's top trade negotiator, made his comment in Washington when he met president of the US-China Business Council Craig Allen, executive vice president and head of worldwide Affairs, US Chamber of Commerce Myron Brilliant and new IMF Managing Director Kristalina Georgieva. (more...)
Nirmala Sitharaman Assures PMC Bank Clients, Says Will Talk To RBI Chief
- October 10, 2019
Angry customers had staged protests outside the BJP office, the venue of her press conference today. She also plans to meet the Reserve Bank of India (RBI) Governor Shaktikanta Das later in the day to discuss a faster resolution plan for the PMC. (more...)
- October 10, 2019
Angry customers had staged protests outside the BJP office, the venue of her press conference today. She also plans to meet the Reserve Bank of India (RBI) Governor Shaktikanta Das later in the day to discuss a faster resolution plan for the PMC. (more...)
US, China resume trade talks amid uncertainty
- October 10, 2019
Markets saw series of ups and downs on Thursday morning as investors awaited developments in the talks to resolve an ongoing trade war between Washington and Beijing, which are now in their third day. The mood surrounding the talks soured this week when the US government blacklisted 28 Chinese public security bureaus, technology and surveillance firms and imposed visa restrictions on Chinese officials over allegations of abuses of Muslim minorities in China. (more...)
- October 10, 2019
Markets saw series of ups and downs on Thursday morning as investors awaited developments in the talks to resolve an ongoing trade war between Washington and Beijing, which are now in their third day. The mood surrounding the talks soured this week when the US government blacklisted 28 Chinese public security bureaus, technology and surveillance firms and imposed visa restrictions on Chinese officials over allegations of abuses of Muslim minorities in China. (more...)
KSA: Aramco set to regain full production capacity end of November
- October 10, 2019
The Saudi Arabia Monetary Authority (SAMA) is examining local banks' exposure to Saudi Aramco ahead of an initial public offering (IPO) of the state-oil giant that will likely see large numbers of Saudi investors seek loans to buy its stock. (more...)
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- October 10, 2019
The Saudi Arabia Monetary Authority (SAMA) is examining local banks' exposure to Saudi Aramco ahead of an initial public offering (IPO) of the state-oil giant that will likely see large numbers of Saudi investors seek loans to buy its stock. (more...)
US Mulls Currency Accord With China in Partial Trade Deal
- October 10, 2019
Trump's tweet was the latest headline after a slew of conflicting reports overnight sent investors for a wild ride. Although some media reports suggested both sides are considering an "interim" deal that would suspend the planned further US tariffs in exchange for additional purchases of American farm products, Trump has repeatedly dismissed this idea, insisting he wants a "big deal" with Beijing that addresses core intellectual property issues. (more...)
- October 10, 2019
Trump's tweet was the latest headline after a slew of conflicting reports overnight sent investors for a wild ride. Although some media reports suggested both sides are considering an "interim" deal that would suspend the planned further US tariffs in exchange for additional purchases of American farm products, Trump has repeatedly dismissed this idea, insisting he wants a "big deal" with Beijing that addresses core intellectual property issues. (more...)
Mark Zuckerberg to testify in USA over Libra cryptocurrency
- October 10, 2019
As per an announcement , Zuckerberg will appear at a hearing scheduled on October 23, entitled "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors". Libra poses risks not only to global financial systems, but also to the companies' broader payments business, Senator Sherrod Brown of OH and Senator Brian Schatz of Hawaii said in letter on Tuesday to Visa Inc., Mastercard Inc. (more...)
- October 10, 2019
As per an announcement , Zuckerberg will appear at a hearing scheduled on October 23, entitled "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors". Libra poses risks not only to global financial systems, but also to the companies' broader payments business, Senator Sherrod Brown of OH and Senator Brian Schatz of Hawaii said in letter on Tuesday to Visa Inc., Mastercard Inc. (more...)
Poughkeepsie Brewery Wins Medal at National Beer Festival
- October 10, 2019
The awards are among the most coveted in the industry and the medals are a testament to a growing industry of excellent brewing in the Palmetto State. "This year's GABF competition was the largest and most competitive to date", said Chris Swersey, competition manager, Great American Beer Festival. (more...)
- October 10, 2019
The awards are among the most coveted in the industry and the medals are a testament to a growing industry of excellent brewing in the Palmetto State. "This year's GABF competition was the largest and most competitive to date", said Chris Swersey, competition manager, Great American Beer Festival. (more...)
China made no progress in deputy-level trade talks: Chinese state newspaper
- October 10, 2019
A mere hours after the pessimistic piece in the SCMP, the New York Times ran a story singing an entirely different tune, reporting plans in Washington to loosen restrictions on Chinese telecom giant Huawei - which was placed on a U.S. "The US has previously stressed that it wants a comprehensive trade deal covering a range of issues including IP protection and market access, which remain key points of contention", they said in a note on Thursday. (more...)
- October 10, 2019
A mere hours after the pessimistic piece in the SCMP, the New York Times ran a story singing an entirely different tune, reporting plans in Washington to loosen restrictions on Chinese telecom giant Huawei - which was placed on a U.S. "The US has previously stressed that it wants a comprehensive trade deal covering a range of issues including IP protection and market access, which remain key points of contention", they said in a note on Thursday. (more...)
China-US set to talk with global economy facing trade crucible
- October 10, 2019
Markets also rallied after Bloomberg reported the Trump administration was considering whether to revive a previously inked currency deal with Beijing, part of a larger pact which could see scheduled tariff hikes put on pause. Commerce Secretary Wilbur Ross said in Sydney on Thursday that the tariffs were working, forcing Beijing to pay attention to USA concerns about its trade practices. (more...)
- October 10, 2019
Markets also rallied after Bloomberg reported the Trump administration was considering whether to revive a previously inked currency deal with Beijing, part of a larger pact which could see scheduled tariff hikes put on pause. Commerce Secretary Wilbur Ross said in Sydney on Thursday that the tariffs were working, forcing Beijing to pay attention to USA concerns about its trade practices. (more...)
HSBC prepares to slash 10,000 jobs in cost-cutting measure
- October 10, 2019
The banking giant also made an announcement that it will force 2% of its global workforce to go that added up to 4,000 employees in the management jobs. During Flint's short tenure as CEO, the bank has a declining stock price and a failure to hit cost targets. Chief Financial Officer Stevenson Ewen said in August that the bank's returns from Europe were "unacceptable", while in the USA, the bank said it would miss the return for the next year. (more...)
- October 10, 2019
The banking giant also made an announcement that it will force 2% of its global workforce to go that added up to 4,000 employees in the management jobs. During Flint's short tenure as CEO, the bank has a declining stock price and a failure to hit cost targets. Chief Financial Officer Stevenson Ewen said in August that the bank's returns from Europe were "unacceptable", while in the USA, the bank said it would miss the return for the next year. (more...)
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