Business


Another Alberta multi-million dollar lottery victor Another Alberta multi-million dollar lottery victor
- June 04, 2018

A winning LOTTO MAX ticket worth $1 million was sold in Mississauga. 6 Maxmillions prizes, worth $500,000 each, were sold in Brampton area, Richmond Hill, the Thunder Bay area, Sault Ste. The ticket was sold at Tramore Service Station, Waterford Road, Tramore, Co Waterford. The Lotto jackpot is worth a life-changing €4.5 million. Lottery players can check their numbers on OLG.ca or on the OLG Lottery App . (more...)
Here is the official petrol price for June 2018 Here is the official petrol price for June 2018
- June 04, 2018

In Kolkata , petrol is priced at Rs 80.60, diesel at Rs 71.52; Chennai (on Sunday) petrol was priced at Rs 80.94 per litre and diesel at Rs 72.82 per litre. Brent crude, a benchmark for global oil price, was trading below $77 per barrel on Monday. On a weekly basis, it appreciated by 72 paise to close at 67.06 against the U.S. (more...)
Nicaragua death toll nears 100 as Ortega vows to remain Nicaragua death toll nears 100 as Ortega vows to remain
- June 04, 2018

The bishops issued an urgent statement May 31, the morning after an especially brutal crackdown on protesters, which claimed at least 13 lives, according to media reports . Funerals took place across Nicaragua on Friday for 16 people killed in one of the bloodiest days of protest in the country where weeks of anti-government demonstrations have left more than 100 dead, reported AFP . (more...)
Jordan: thousands protest against IMF-backed austerity measures Jordan: thousands protest against IMF-backed austerity measures
- June 04, 2018

The protests gained momentum after the government announced an increase of electricity prices by 23.5 per cent and fuel derivatives between 4.5 per cent to 5.5 per cent, citing rise in prices of crude oil globally. The legislative proposal is yet to be approved by the country's parliament. Senate speaker Faisal al-Fayez there was a need for "comprehensive national dialogue" on the law, echoing an earlier call by King Abdullah. (more...)
Lunch with Warren Buffett sold at auction for $3.3 million Lunch with Warren Buffett sold at auction for $3.3 million
- June 04, 2018

The amount exceeds the $2,679,001 paid previous year but fell short of the record $3,456,789 hit in 2016. Proceeds go to the needs of the charity the Glide Foundation, which helps the homeless in San Francisco. The winning bidder may hope the lunch leads to an employment opportunity, with hedge manager Ted Weschler having secured a job at Berkshire after paying a combined $5.3m (£3.9m) to secure the 2010 and 2011 auctions. (more...)
Merkel voices support for Macron's proposed European defence force Merkel voices support for Macron's proposed European defence force
- June 04, 2018

Although Merkel's budget target falls short of the range proposed by Macron, it represents a concession of sorts to his view that excessive austerity has undermined faith in the bloc. The chancellor also said she backed an investment budget for the euro zone, which would be in the low two-digit billions of euros that would be introduced step by step and evaluated over time to address structural weaknesses of member states. (more...)
Microsoft surpasses Google in market valuation, becomes world's third-most valuable company Microsoft surpasses Google in market valuation, becomes world's third-most valuable company
- June 04, 2018

The changeover in places has only intensified the race between the four companies to become the first United States business ever to land a trillion-dollar market cap. The company has also stopped keeping Windows in the heart of everything. Office commercial products and Cloud services revenue increased 14 per cent - driven by Office 365 commercial revenue growth of 42 per cent. (more...)
Kinder Morgan injunction expanded across BC Kinder Morgan injunction expanded across BC
- June 04, 2018

According to Blaney, Canadians are wondering why Canada would be pumping oil to the States just to buy it back. She said the company couldn't call the RCMP to enforce the injunction , as the drill's site "wasn't within the definition of a Trans Mountain site". (more...)
A political stalemate ends, giving birth to a populist government in Italy A political stalemate ends, giving birth to a populist government in Italy
- June 04, 2018

On Saturday Conte attended a military parade alongside President Sergio Mattarella, marking Republic Day for the foundation of the Italian Republic in 1946. Despite the softer tone from 5-Star and hopeful remarks from Cottarelli, a top adviser to Salvini said the League was not prepared to abandon Savona, the sole obstacle to the League and 5-Star winning the president's blessing for a coalition. (more...)
Head of Brazil's State Oil Company Resigns Amid Period of Unrest Head of Brazil's State Oil Company Resigns Amid Period of Unrest
- June 04, 2018

Mr. Parente's resignation came two days after Senator Vanessa Grazziotin proposed an inquiry into the company's fuel price policies. In a statement, Petrobras said the company's board of directors was meeting on Friday to study the possibility of naming a temporary replacement. (more...)
Visa says disruption caused by hardware problem, not attack Visa says disruption caused by hardware problem, not attack
- June 04, 2018

Customers around Europe vented their frustrations on social media, with some unable to pay bills or order taxis overseas. The Irish Times reported that Irish tourists as far away as the USA were unable to access their money. A spokesperson for Visa apologised for the disruption: " Visa is now experiencing a service disruption. Our network is working normally", it said in a statement. (more...)
U.S. unemployment falls almost to 1969 levels; hiring is solid U.S. unemployment falls almost to 1969 levels; hiring is solid
- June 04, 2018

The jobless rate is now where the Fed forecast it would be by the end of this year. While lauding the employment figures, economists also wondered how far the strength in monthly payrolls gains can extend. Employers have added an average of 207,000 jobs per month so far in 2018, up from 172,000 in the same five months a year ago. We had more people coming into the labor market. (more...)
Alibaba to Invest Billions for 3-Day Delivery Around the World Alibaba to Invest Billions for 3-Day Delivery Around the World
- June 04, 2018

Ma said the Cainiao Network goal is to provide single-day delivery across China and 72-hour delivery to the rest of the world while reducing the cost of logistics to the country's GDP from 15 percent to less than five percent. Alibaba operates its own logistics business, Cainiao Network, in which it acquired a controlling stake last September for US$807 million. Meisong Lai, founder, chairman and chief executive officer of ZTO , said: "The growth of e-commerce and New Retail in ... (more...)
Dog found dead on Delta flight after cross-country trip Dog found dead on Delta flight after cross-country trip
- June 04, 2018

Alejandro was flying from Phoenix to Newark, New Jersey - where Dellegrazie and his girlfriend are moving - on May 30, ABC News reported . A Delta spokesperson told WXYZ that a flight attendant checked on the Pomeranian at about 6 a.m. (more...)
China warns trade deals off if U.S. imposes tariffs China warns trade deals off if U.S. imposes tariffs
- June 03, 2018

The negotiating process should be "based on the premise" of not fighting a "trade war", the statement said . Last month, Trump said he would allow ZTE to stay in business once it pays a $1.3 billion fine, shakes up its management, and provides "high-level security guarantees". (more...)
Google reportedly won’t renew its controversial military AI contract Google reportedly won’t renew its controversial military AI contract
- June 03, 2018

Due to employee backlash , the company will not pursue another contract for the Pentagon's Project Maven , Google Cloud CEO Diane Greene told employees on Friday, according to Gizmodo , citing anonymous sources. Project Maven has sparked an intense debate within the company about Google's corporate ethics. The New York Times reported in April that the letter was circulating within Google. (more...)
ANZ faces criminal cartel charges ANZ faces criminal cartel charges
- June 03, 2018

The ACCC said the charges were expected to be laid by the Commonwealth Director of Public Prosecutions in relation to trading in ANZ shares following an ANZ institutional share placement in August 2015. "I do appreciate that there was a level of surprise that we moved so quickly and through a placement", Mr Smith said in August 2015. ANZ shares were hit hard by the news, falling 1.9 per cent to $26.70. (more...)
Pilot forced to make an emergency landing due to a stinky passenger! Pilot forced to make an emergency landing due to a stinky passenger!
- June 03, 2018

A plane to Spain was forced to make an emergency landing not because of any technical issue or a mishap but due to a very odd reason. A plane was forced to make an emergency landing after a smelly passenger caused others to vomit and faint. (more...)
Amazon to block Australians from accessing its overseas websites Amazon to block Australians from accessing its overseas websites
- June 03, 2018

As reported by sister publication ARN , the move comes after Australia's Parliament a year ago passed new legislation that will see online retailers compelled to collect GST from Australian customers on overseas purchases worth less than $1,000. (more...)
Lawsuit Reveals Deutsche Bank Probe of Ties to Russian Ministers Lawsuit Reveals Deutsche Bank Probe of Ties to Russian Ministers
- June 03, 2018

Sewing also addressed US regulatory concerns following the Wall Street Journal report that said the Federal Reserve had designated Deutsche Bank's operations as in a "troubled condition". Deutsche announced it would slash 7,000 jobs around the world as part of its revamp, especially in the USA and Asian investment banking businesses, to refocus on its European roots. (more...)
'AirAsia case not to have impact on Air India stake sale process' 'AirAsia case not to have impact on Air India stake sale process'
- June 03, 2018

Under a turnaround plan approved by the previous UPA regime, Air India is to receive up to Rs 30,231 crore from the government, subject to meeting certain performance thresholds. It has chose to retain the remaining 24 per cent equity stake in the debt-laden company to sell it in future when it gets optimum value. Government officials were optimistic of a late offer but aviation analysts said there was little chance of a successful bid unless the government changed the terms of the sale. (more...)
Winning Lotto Max Numbers
- June 03, 2018

Two tickets sold in the Sault Ste. 2 Maxmillions prizes, worth $333,333.40 each, were sold in the Ottawa and the Brampton area. Meanwhile, Liwong Chung Ip Chuk San won a $100,000 prize in the May 26 LOTTO 6/49 Super Draw. Lottery players can check their numbers on OLG.ca or on the OLG Lottery App . Next week's draw includes a $60-million jackpot and 52 draws of $1 million for a new OLG record of $112 million in prizing. (more...)
Samsonite's shares set to rise 7.8 percent as CEO steps down Samsonite's shares set to rise 7.8 percent as CEO steps down
- June 03, 2018

Years later, Tainwala Group and Samsonite entered into a 40-60 joint venture called Samsonite South Asia to manufacture global quality luggage in India. The company issued a short statement that evening, with Parker saying he had "full confidence" in Tainwala. The company has appointed chief financial officer (CFO) Kyle Gendreau as its new CEO with immediate effect. (more...)
B.C. minimum wage increases on June 1 B.C. minimum wage increases on June 1
- June 03, 2018

A controversial study conducted in 2017 appeared to bolster that position when researchers at the University of Washington found that the costs of a minimum-wage increase in Seattle - the result of employer cutbacks in workers' hours - outweighed the benefits of the increase by 3 to 1. (more...)
Russian Federation and Saudi Arabia in talks over Oil Prices Russian Federation and Saudi Arabia in talks over Oil Prices
- June 03, 2018

The curbs have driven down inventories and pushed up prices. Meanwhile, explorers in the US added 15 oil rigs last week, taking the total to 859, the highest in more than three years, and adding to bearish signals for the market. Credit Suisse analysts on Tuesday said even if Russian Federation and OPEC producers raise output, they would likely only add an additional 500,000 bpd, which would leave inventories in the most developed countries short of the five-year average by the end of 2018. (more...)
USA oil poised for weekly loss as record output weighs on price USA oil poised for weekly loss as record output weighs on price
- June 03, 2018

Crude oil futures lost more ground on Friday, with the USA market set for a second week of decline on pressure from record U.S. production and expectation that the Opec cartel will increase output. and a workweek that's spent four months at 34.5. At one point, the premium for Brent over WTI surpassed $11 a barrel, the largest spread since March 2015. (more...)
The FCA takes aim at bank overdrafts in high-cost credit review The FCA takes aim at bank overdrafts in high-cost credit review
- June 03, 2018

It added that these measures are estimated to save consumers up to £34m a year. "In recent years the introduction of fixed monthly or daily fees has seen the cost of authorised overdrafts soar - particularly for smaller sums and for short durations", he said. (more...)
British transport minister urged to resign amid rail chaos British transport minister urged to resign amid rail chaos
- June 03, 2018

For an initial period of two weeks, Northern is removing all services on the Lakes Line to and from Preston, Lancaster and Oxenholme and will, instead, operate a replacement bus service to keep people who live, work and visit the Lake District on the move. (more...)
Qantas, Air New Zealand sign new codeshare agreement | Marketing Qantas, Air New Zealand sign new codeshare agreement | Marketing
- June 03, 2018

Airport security expert Roger Henning echoed the sentiment, telling The New Daily , the deal was a strong move for Qantas and Air NZ and agreeing it would be an economic hit on Virgin Australia . "We know certainly that Qantas is a pretty fierce competitor of ours, the most formidable competitor we face, but also the one we respect the most and it makes us a much better airline as a outcome of the announcement", he said. (more...)
Minimum wage increases by $24 a week
- June 03, 2018

From July 1, the national minimum wage will increase by $24.30 per week to $719.20, or $18.93 an hour, the Fair Work Commission has ruled in its 2017-18 Annual Wage Review . Factory worker Jafet Montero is one of Australia's lowest paid workers and is now living in his auto. "It is a step forward towards a living wage, but it's not a living wage", she told reporters. (more...)

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