Business


Italy's populist parties say 'conditions met' for government Italy's populist parties say 'conditions met' for government
- June 01, 2018

As a result, it was hard to see how the government could function. The ratings agency said it was putting Intesa Sanpaolo, UniCredit and Mediobanca under surveillance after already placing Italy's Baa2 rating on review for a possible downgrade over the crisis. (more...)
Italian turmoil hits global markets, sending stocks plunging Italian turmoil hits global markets, sending stocks plunging
- May 31, 2018

Banks rose along with bond yields Wednesday after sustaining big losses a day ago. Shares of large U.S. banks were also pressured by downbeat guidance from JPMorgan Chase and Morgan Stanley. Interest rates rose and bank stocks recovered some of their losses from the previous day. Gold rose 0.2 percent to $1,301.50 an ounce. The Dow is down 357.77 points, or 1.4 per cent. (more...)
Banking services hit as PSU staff go on 2-day strike Banking services hit as PSU staff go on 2-day strike
- May 31, 2018

Automated teller machines (ATM) may also take a hit. Deposit in branches, fixed deposit renewal, government treasury operation, and money market operation will bear the impact of the strike . The Chief Labour Commissioner (CLC) supported the issues and asked the Indian Banks Association (IBA) to respond positively. He had also said that officers and employees have to be paid for hard work and not based on profit. (more...)
US slams EU, Canada and Mexico with steel, aluminum tariffs US slams EU, Canada and Mexico with steel, aluminum tariffs
- May 31, 2018

The US war on the European vehicle industry seems to be ready to worsen, as a bombshell report published earlier today by a German magazine announced Mr Trump wants to ban German cars from the US. But he said those talks were taking longer that "we had hoped". "This will only lead to the victory of those who want less growth, those who don't think we can develop our economies across the world". (more...)
Singapore Airlines announces launch date for NY flights Singapore Airlines announces launch date for NY flights
- May 31, 2018

A variant of the A350 XWB, the aircraft is specially designed for ultra-long-haul flights ("ULR" stands for "Ultra Long Range"), its extra fuel capacity giving it a maximum range of 19 hours and 9,700 nautical miles (11,163 miles). The new Airbus range features higher ceilings, larger windows and better air quality, said SIA. Changi Airport Group (CAG) welcomed this announcement as well on Wednesday, noting that the new service is Southeast Asia's only non-stop connection to the North ... (more...)
Hospital Begins Treating Crypto Trading Addiction Hospital Begins Treating Crypto Trading Addiction
- May 31, 2018

If you believe you may be suffering from an addiction to cryptocurrencies or an addiction to anything else, you can find Caste Craig's website and helplines here . Research shows that Cryptocurrency traders are prone to Addiction when done fervelently by always watching the volatile market and not even thinking of backing out when lots of money has gone down the drain, this is clearly a sign of been Addicted. (more...)
Amazon to block Aussie shoppers from U.S. website Amazon to block Aussie shoppers from U.S. website
- May 31, 2018

The change will be put into effect to charge GST on "low value imported goods" as of July 1st according to the ATO , and it seems Amazon is not keen to fall afoul of the Australian government. We speculated this might happen back when Amazon Australia was about to launch. Starting in July, Australians will be blocked from ordering items on Amazon's United States site. (more...)
Atos named a Leader in GDPR Services by NelsonHall Atos named a Leader in GDPR Services by NelsonHall
- May 31, 2018

There will be more transparency in the way personal data is handled, with prior consent needed from users before the firms can put the data to use for commercial purposes. because users are not explained to what data is being used or why, how it correlates to the platform's services and it suggests that in order to use the service you must comply. (more...)
Burger King Will Be Offering Whopper Donuts On National Donut Day Burger King Will Be Offering Whopper Donuts On National Donut Day
- May 31, 2018

Here is what the nation's doughnut giants have to offer San Antonio . UNDATED- What might just be the sweetest day of the year is this Friday, June 1. The Whopper Donut is available Friday, June 1, only at participating Burger King locations in New York, Los Angeles, Miami , Boston, and Salt Lake City. (more...)
The euro is sliding amid political uncertainty in Italy The euro is sliding amid political uncertainty in Italy
- May 31, 2018

Italy's premier-designate said Wednesday that " new possibilities" had emerged to form a government based on the outcome of the March 4 vote, and that he wanted to give the option time to mature given the negative market reaction to the prospect of new elections . (more...)
Tesla flies in new battery production line for Gigafactory Tesla flies in new battery production line for Gigafactory
- May 31, 2018

A review by the influential magazine on Monday the vehicle, despite many positives, had "big flaws", including braking slower than a full-sized pickup truck. Tesla Model 3 saw a lot of hold-ups in the manufacturing process. At best, $ 35,000 vehicles could reach customers by the end of 2018. This is in reaction to testing by Consumer Reports , who found that the braking distance notably deteriorated after repeated heavy use, and did not hold back from criticism. (more...)
Microsoft has surpassed Google to become the world's third most valuable company
- May 31, 2018

The two companies stand at a market cap of $753 billion and $739 billion, respectively, the first time Microsoft has held an advantage in over three years since Google restructured itself. Microsoft's booming cloud-computing business is part of what has spurred its growth. Alphabet and Microsoft have traded places before; the first time occurred in 2012, when Google surpassed the Redmond company, signaling the transition from desktop-based software to web platforms and mobile computing. (more...)
Consumer Reports recommends Tesla's Model 3 after braking fix Consumer Reports recommends Tesla's Model 3 after braking fix
- May 31, 2018

According to CR, the Model 3's updated 133-foot braking distance now stands among typical compact luxury cars. CR previously said it would take another look at the Model 3's braking performance once the upgrade was in place, and Tesla is no doubt hoping this will earn it a recommendation (or at least, a higher review score). (more...)
USA to Impose 25% Tariff on Tech Goods From China - White House USA to Impose 25% Tariff on Tech Goods From China - White House
- May 31, 2018

The White House said Tuesday the proposed tariffs are in response to China's practices with respect to technology transfer, intellectual property, and innovation. "It is President Donald Trump's common practice to ratchet up the stakes in this way in a bid to leverage concessions". The dispute was initiated in March over Beijing's "discriminatory technology licensing requirements", the White House said. (more...)
This airline is launching the world's longest flight in October This airline is launching the world's longest flight in October
- May 30, 2018

Singapore Airlines is the world's first customer for the new A350-900ULR, with seven on firm order with Airbus . Singapore Airlines Ltd (SIAL.SI) said it would launch the world's longest commercial flight in October, a near-19 hour non-stop journey from Singapore to the NY area. (more...)
De Beers joins the gold rush for diamonds grown in labs De Beers joins the gold rush for diamonds grown in labs
- May 30, 2018

It will also put pressure on rivals that specialise in synthesised stones. "Lightbox will transform the lab-grown diamond sector by offering consumers a lab-grown product they have told us they want but aren't getting: affordable fashion jewelry that may not be forever, but is flawless for right now", said Bruce Cleaver, the CEO of De Beers Group, in a statement . (more...)
Edmonton regional mayors show support for Trans Mountain expansion Edmonton regional mayors show support for Trans Mountain expansion
- May 30, 2018

Another protest is planned in Victoria on Thursday. "We are pleased to have worked with the federal government to ensure construction resumes, certainty is increased and Albertans and all Canadians enjoy the many benefits of having the project go forward", Notley said in a statement . (more...)
Russia-linked hacker gets 5 years in Yahoo security breach Russia-linked hacker gets 5 years in Yahoo security breach
- May 30, 2018

The indictment charges the suspects with computer hacking, economic espionage and other criminal offenses tied in part to a 2014 hack attack against Yahoo that exposed at least 500 million accounts. Last August, he waived his right to an extradition hearing and was quickly extradited to the U.S. At the time, his attorney, Amedeo DiCarlo, told ISMG that his client had been eager to fight the charges filed against him. (more...)
15,000 Lightning Strikes Recorded Across Britain 15,000 Lightning Strikes Recorded Across Britain
- May 30, 2018

Charlie Powell, a meteorologist at the Met Office , said the storms came in from northern France. Torrential rain accompanied the thunderstorm, creating chaos for motorists. The flames were put out and no one was injured in the incident, the BBC reported. Lightning is seen from a bedroom window as it strikes above a street in south London. (more...)
Stocks end lower as Italy fears hit bank shares Stocks end lower as Italy fears hit bank shares
- May 30, 2018

An election at this point would also be a de facto referendum on Italy's euro membership, evoking memories of the 2011-2012 euro debt crisis and carrying huge implications for the single currency, whatever its outcome. Italian bonds rebounded after Tuesday's unprecedented sell-off ahead of a debt auction that will be a key test of investor appetite. US 10-year Treasuries were yielding 2.817 percent in the Asian afternoon, edging up from the USA close of 2.768 percent, while S&P futures ESC1 ... (more...)
Massive confusion over the petrol and diesel prices Massive confusion over the petrol and diesel prices
- May 30, 2018

A ONE paisa cut is not a suitable response to the #FuelChallenge I threw you last week", he added. After incessant hike in fuel prices for 16 consecutive days, prices of petrol and diesel finally saw a reduction on Wednesday. "The Petroleum and Natural Gas Ministry has given an in-principle nod to launch petrol and diesel futures contracts and we are hoping that Sebi will give final approval in this regard soon", ICEX managing director and chief executive officer Sanjit Prasad had said ... (more...)
California begins digital license plate pilot program California begins digital license plate pilot program
- May 30, 2018

The new plates are essentially very simple tablets and come with an in-built battery and computer chips. The state Department of Motor Vehicles is now conducting a pilot project with Reviver Auto, the manufacturer of the plate. Unlike regular licence plates, the new digital versions are only available through auto dealerships, and can not be purchased through the state's DMV. (more...)
U.S. surprises markets with revival of China tariffs U.S. surprises markets with revival of China tariffs
- May 30, 2018

The White House said the Trump administration would also move forward with restrictions on Chinese investment and with stronger export controls meant to limit the access that Chinese people and companies have to American technology - a measure the administration said was for national security purposes. (more...)
Tesla driver using Autopilot mode hits police auto Tesla driver using Autopilot mode hits police auto
- May 30, 2018

The collision happened at 11:07AM local time, Laguna Beach PD told the LA Times . The National Transportation Safety Board is also probing four Tesla crashes that have occurred since previous year, including three under review by NHTSA. (more...)
Oil prices are falling fast. Here's why Oil prices are falling fast. Here's why
- May 30, 2018

Brent crude futures were up 21 cents, or 0.28%, at $75.51 a barrel after settling at their lowest since May 8 at $75.30. Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russian Federation could pump more crude to compensate for a potential supply shortfall. (more...)
Bank of Montreal, CIBC's Simplii Financial report customer data breaches Bank of Montreal, CIBC's Simplii Financial report customer data breaches
- May 30, 2018

The bank said it was contacted on Sunday by the hackers themselves, claiming to be in possession of customer data. Simplii is a low-priced online bank owned by Canadian Imperial Bank of Commerce, and was launched previous year after CIBC - which is Canada's fifth-largest bank - split from a two-decade partnership with Loblaw Cos. (more...)
Krispy Kreme Owner Bets Americans Will Eat at Pret A Manger Krispy Kreme Owner Bets Americans Will Eat at Pret A Manger
- May 29, 2018

Privately held JAB Holding Co. JAB is buying Pret from private equity firm Bridgepoint and other minority investors for an undisclosed sum. The Financial Times, which first reported the deal, said the company was valued at €1.7 billion including debt. (more...)
Europe to ban straws, cutlery and other common throwaway plastics Europe to ban straws, cutlery and other common throwaway plastics
- May 29, 2018

The proposals are aimed at outlawing many commonplace plastic items including cotton buds, balloon sticks and drink stirrers. The new rules would be applied differently for each product, aim to make it competitive for European companies to produce sustainable alternatives, and would be implemented as EU leaders work to finalize existing policies to address plastic fishing gear, which accounts for more than a quarter of beach litter across Europe. (more...)
Starbucks closing over 8,000 stores for anti-bias training Starbucks closing over 8,000 stores for anti-bias training
- May 29, 2018

Almost 175,000 employees will participate in the diversity training program - a first step, the company said , in addressing issues of racial bias among its workforce after a high-profile incident in Philadelphia last month prompted massive backlash and public outcry. (more...)
Italian president Sergio Mattarella vetoes populist choice for economy minister
- May 29, 2018

Denying the populist coalition of the hard-left Five Star Movement and the League its chance to form a government despite their majority in parliament tested the powers of Italy's president. Dubbed "Mr Scissors", 64-year-old Mr Cottarelli worked at the International Monetary Fund from 2008 to 2013 and is known for making cuts to public spending in Italy . (more...)

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