Markets


Facebook\'s Libra forms governing council after big names abandon the project Facebook\'s Libra forms governing council after big names abandon the project
- October 18, 2019

PayPal had pulled out the previous week. Facebook disclosed last June that it will spearhead the roll-out in 2020 of an electronic currency controlled by the not-for-profit Libra Association headquartered in Switzerland. The report , which doesn't specifically name Libra , says that all backers of digital currencies must be legally sound, protect consumers, and make sure that their coins are not used for criminal activity. (more...)
Air Canada drops 'ladies and gentlemen' greeting for gender-inclusive 'everybody' Air Canada drops 'ladies and gentlemen' greeting for gender-inclusive 'everybody'
- October 18, 2019

Instead, crew will use gender-neutral greetings such as "good morning everybody" in a bid to be more conscious of gender fluid passengers. Passengers onboard Air Canada will not hear flight attendants say "women and gents" any extra. Many have praised the airline's decision as a big win for diversity and inclusion, but online most of the responses have been negative. In the U.S., both United and American Airlines allow for customers to choose non-binary gender options when booking tickets. (more...)
Qatari's pledge to end kafala in January Qatari's pledge to end kafala in January
- October 18, 2019

The statement said the cabinet had adopted new legislation related to the draft law on a minimum wage, though it did not disclose what level the wage could be, the Reuters news agency reported. 13 of 2018", the envoy told reporters yesterday. The negotiations led to the workers receiving two months' worth of salaries they had been due and Qatari authorities arresting company officials who had refused to pay the workers' wages. (more...)
PG&E says system had 100 incidents of damage PG&E says system had 100 incidents of damage
- October 18, 2019

Even as PG&E Corp declared an end to last week's shutoffs - a deliberate move to keep power lines from sparking the kind of blazes that forced the utility into bankruptcy - the company warned that more will come. Newsom is urging PG&E to give credits or rebates of $100 to each residential customer and $250 to small businesses as "some compensation for their hardships", a release from the governor's office said Monday. (more...)
Volvo XC40 Recharge is the brand's first EV Volvo XC40 Recharge is the brand's first EV
- October 18, 2019

Volvo Cars introduced, on Wednesday, the XC40 Recharge , the company's very first fully-electric vehicle . Built on the same Compact Modular Architecture platform as Volvo's electric offshoot Polestar 2 , it forms the first of what Volvo will from now refer to as its Recharge series encapsulating all its battery electric (BEV) and plug-in hybrid (PHEV) vehicles. (more...)
Erdogan threw Trump's 'Don't be a tough guy' letter in trash Erdogan threw Trump's 'Don't be a tough guy' letter in trash
- October 17, 2019

In a tweet late Wednesday, the president noted he's fulfilling a campaign promise of bringing troops home from costly and endless wars. US President Donald Trump has hailed his surprise decision to withdraw US troops from Syria as "strategically brilliant", declaring that the Kurds were "not angles". (more...)
Pound jumps as Johnson says Brexit deal reached Pound jumps as Johnson says Brexit deal reached
- October 17, 2019

The deal found a way to avoid a hard border between Ireland , an European Union member, and the U.K.'s Northern Ireland . It crucially also lays a path for Britain's orderly departure. The new proposal is broadly similar to the 585-page withdrawal agreement that May hammered out, with the only major changes on the Irish border issue. (more...)
Britain, European Union reach Brexit deal, Boris Johnson hails 'great new deal' Britain, European Union reach Brexit deal, Boris Johnson hails 'great new deal'
- October 17, 2019

DUP sources have told the United Kingdom media that the statement still stands despite the deal being agreed to by Mr Johnson and the EU. Britain and the European Union have been racing to renegotiate the Withdrawal Agreement in time for an October 31 Brexit, but the deal still needs approval from parliament. (more...)
Inflation 1.9% in September as lower gas prices weigh on rate Inflation 1.9% in September as lower gas prices weigh on rate
- October 17, 2019

That was a bigger drop than any economist had forecast in the Reuters poll, which had pointed to a 1.8% drop. The central bank's next rate decision is set for October 30. On a monthly basis, output prices fell 0.1 percent compared to flat growth in August. "Wales saw the strongest growth with prices continuing to fall in London and the South East". (more...)
Oil holds two days of losses as demand outlook deteriorates Oil holds two days of losses as demand outlook deteriorates
- October 17, 2019

OPEC and its allies meet on December 5-6 in Vienna to review output policy. Brent crude LCOc1, the global benchmark, rose 68 cents, or 1.16 percent, to settle at $59.42 a barrel. The Energy Information Administration will release its tally of domestic stockpiles Thursday, while the industry-funded American Petroleum Institute will provide data later Wednesday. (more...)
UAW calls local leaders for Detroit meeting, update on GM strike UAW calls local leaders for Detroit meeting, update on GM strike
- October 17, 2019

Both would say only that the talks are continuing. Prior to that, UAW officials had been urging Barra to get involved in the negotiations. But Terry Dittes, the union's top GM negotiator, accused the company of releasing "half-truths" that did nothing to reach a final agreement. (more...)
GM And UAW Reach Tentative Agreement As Strike Continues GM And UAW Reach Tentative Agreement As Strike Continues
- October 17, 2019

General Motors and union leaders have reached a tentative deal on a new labor contract that could end the United Auto Workers' monthlong strike against the automaker, the UAW said Wednesday. The strike ended with an agreement in which the UAW took over control of retirees' health care costs. "There were main bargaining issues we had to deal with". (more...)
UK PM Boris Johnson tweets ‘great’ new Brexit deal with EU UK PM Boris Johnson tweets ‘great’ new Brexit deal with EU
- October 17, 2019

He added: "Our hand should always remain outstretched as the United Kingdom will remain a key partner". But there remain unresolved issues around how to keep an open Irish border after Britain leaves the bloc, which is now scheduled to happen on October 31. (more...)
Volvo Has Just Revealed The XC40 Recharge EV With A 400km Range
- October 17, 2019

On the outside, it looks similar to the regular XC40 except for minor design tweaks. And the Polestar 2 in the 300 kW model is also equipped with a 78 kWh battery that can be charged with up to 150 kW DC and 11 kW AC. The Swedish automaker will also promote using renewable energy to charge, and will provide a refund to owners for electricity used to charge the auto after the first year of ownership. (more...)
Do The Numbers Tell The Whole Story?: Aurora Cannabis Inc.,(NYSE: ACB) Do The Numbers Tell The Whole Story?: Aurora Cannabis Inc.,(NYSE: ACB)
- October 17, 2019

Therefore, theoretically, we will also expect that stock to move in similar degrees into the future, although it's important to remember that historical volatility does not provide insight into either trend or direction. Although the company has managed to grow at a remarkable pace over the past months, the stock price still can not be classified as cheap. Comparatively, the gazes have a Gross margin 32.10%. (more...)
Deal reached to end GM strike Deal reached to end GM strike
- October 17, 2019

We may be close to the end of the longest strike against GM since 1970. Colin James, who represents Unifor union members who work at GM's Oshawa plant and surrounding employers, said he expects the USA autoworkers will hold a ratification vote over the weekend. (more...)
Blood on his hands: 2020 Democrats slam Trump over Syria Blood on his hands: 2020 Democrats slam Trump over Syria
- October 17, 2019

The president said that if Syria wants to fight over land that doesn't belong to the U.S., "that's up to them and Turkey ". Trump and Graham have been at odds ever since the president announced a USA troop withdrawal from Syria, vowing to "end endless wars" that cost American taxpayers "trillions of dollars" in the Middle East. (more...)
Panera defends mac and cheese after video reveals how it’s really cooked Panera defends mac and cheese after video reveals how it’s really cooked
- October 16, 2019

A former Panera Bread employee apparently paid a stiff price for appearing in a video showing the chain's popular macaroni and cheese is pre-packaged and frozen. After a survey of French restaurants found one-third acknowledged serving frozen items, some in the industry said the true number was probably higher because "chefs were embarrassed to admit the short cuts that, in effect, hoodwink their customers", as The Post reported. (more...)
Wheels Is Volkswagen about to sell Lamborghini? Wheels Is Volkswagen about to sell Lamborghini?
- October 16, 2019

Volkswagen AG appears to be assessing its options regarding Lamborghini, as a Bloomberg report suggests that the company is looking to focus future expansion on just three of its 12 brands - Volkswagen, Audi and Porsche. As the auto industry adapts to changing technology and new standards, automakers as we know them may undergo a rather abrupt shakeup. VW had acquired Bentley, Bugatti and Lamborghini in a single year in 1998. (more...)
Russia Vows To Prevent Clashes Between Syrian, Turkish Armies Russia Vows To Prevent Clashes Between Syrian, Turkish Armies
- October 16, 2019

Russia's influence in Syria and the Middle East is widely seen to have been boosted in the last week thanks to Washington scaling back its Syria operation and the Syrian Kurds striking a deal with President Bashar al-Assad, Moscow's closest ally in the region. (more...)