Economy / 35

Texas AG investigating Chick-fil-A's exclusion at airport

April 02, 2019

In a separate, similar case, a concessionaire at Buffalo Niagara International Airport in NY canceled plans to build a new Chick-fil-A franchise yesterday after previously announcing that Chick-fil-A would anchor a new restaurant area there.

BREAKING!!! More money for Nigeria as oil price hits 2019 high

April 02, 2019

USA sanctions on Iran and Venezuela along with supply cuts by members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have helped support prices this year, overshadowing concerns about global growth and the U.S.

MPs may force Theresa May to ask for longer Brexit delay

April 02, 2019

France's President Emmanuel Macron also had strong words. "We can not avoid failure for them". And cabinet secretary Mark Sedwill, the head of the civil service, warned in a letter that was leaked to the Daily Mail that there would be dire consequences if the United Kingdom crashed out without a deal on 12 April.

Samantha Josephson: What we know about her violent death

April 02, 2019

Josephson Ridesharing Safety Act, '" he tweeted . "She had, in fact, summoned an Uber ride ", Columbia Police Chief Skip Holbrook said, according to USA Today . Holbrook also said the child safety locks in the Impala were activated, which would make it hard for anyone to open the back doors from the inside.

Whole Foods, Amazon announce price cut, expanded deals for Prime members

April 02, 2019

The latest round of cuts comes amid intense competition in the grocery sector and the high-price image that still continues to plague Whole Foods. In June, Whole Foods announced Prime members would start receiving an additional ten percent off sale items.

Erdogan's ruling party challenges results of local elections

April 02, 2019

Turkish sources who spoke to Newsmax agreed that Erdogan - who has been in power more than 16 years as prime minister and then president and who thwarted a military coup in 2016 - might now deal with the U.S.in an attempt to reverse his nation's economic downward course.

National Enquirer: Bezos' girlfriend's brother 'single source' for reports

April 02, 2019

Mr Bezos has accused Enquirer publisher American Media Inc (AMI), led by Mr David Pecker, of "blackmail" for threatening to publish the intimate photos if he did not halt the investigation. (AMI), had privately demanded that he deny finding any evidence of "electronic eavesdropping or hacking in their newsgathering process". Gavin de Becker wrote in a column published Saturday that he could conclude that his investigation found that Saudis had gained access to Bezos' private ...

Rare glimpse into Saudi Aramco shows $163 billion net profit

April 02, 2019

Details released by Aramco show how its bumper profits are driven by its ability to produce oil in its home country at rock-bottom costs of only $2.80 a barrel, barely a quarter of the costs reported by worldwide oil majors. Khaled al-Otaiby, an official of the Saudi oil company Aramco, watches progress at a rig at the al-Howta oil field near Howta, Saudi Arabia. The SABIC deal will be completed in 2020, Aramco said separately in the prospectus, adding it will fund half of the acquisition ...

Burger King impossible whopper: Burger King launches vegan burger

April 02, 2019

Now the Impossible Burger movement has hit the mainstream, with the announcement that Burger King in St Louis intends to pilot the " Impossible Whopper " at 59 restaurants this month. For starters, the veg version will cost almost a dollar more than the original Whopper, a significant increase in the price-sensitive fast-food market.

Lyft shares surge on Nasdaq debut

April 02, 2019

After pricing at $38 a share, Facebook opened more than 10 percent above that at $42.05 and was up by as much as 18 percent at one point before fading fast and leaving the deal's underwriters to frantically defend the IPO price into the close of that first day, which like Lyft's was a Friday.

Elon Musk drops an auto-tune rap about 2016 meme Harambe

April 02, 2019

He later added , "This might be my finest work". After a brief musical introduction, an autotuned singer - presumably Musk himself - sings, "RIP Harambe , sipping on some Bombay, we on our way to heaven, Amen, Amen / RIP Harambe , smoking on some strong, hey, in the gorilla zoo and we thinking about you".

Erdogan's AKP voted out in Ankara

April 01, 2019

Yildirim, former prime minister and former speaker of the parliament, signaled that his party would object to the results due to some irregularities and mistakes detected during vote counting. Erdogan portrayed the vote for mayors and district councils as a fight for Turkey's survival, but the election was a test for the AKP as an economic slowdown took hold after a collapse of the lira currency.

Facebook to show explanations why content shows up on users' news feeds

April 01, 2019

With the new " Why am I seeing this post? " feature, the News Feed explains exactly why that post is displayed to you. The new button, which will roll out full on the 2nd of May, will indicate what previous activity has led its algorithms choosing certain posts.

Multiple US airlines facing delays due to system outage

April 01, 2019

Southwest issued a statement to WFSB-TV in CT. Passengers from other carriers such as American Airlines also said they were stopped at the gate or left sitting in stationary planes for up to two hours. It said it was trying to resolve the issue "as quickly as possible". "We are working diligently to get it back up and running. We do not have a specific time as yet".

Jeep Gladiator Price Announced

April 01, 2019

On the tailgate, you'll find a "One of 4,190" badge. Jeep on Saturday announced a limited-edition version of the Gladiator based on a loaded Rubicon. They will be connected to a dealer to submit a deposit and finalize the sale. In order to enter the contest, buyers will need to submit some sort of Gladiator video, and Jeep will choose a victor with the help of US Army veteran Noah Galloway.

More pain at the pumps for motorists as fuel price increase announced

April 01, 2019

The federal government on Sunday increased the prices of petroleum, oil and lubricants, with petrol going up by Rs6 per litre. The ex-depot price of kerosene oil was increased to Rs89.31 per litre - the highest since October 2014 - from Rs86.31 per litre, indicating an increase of nearly 3.5pc.

Huawei Chairman Says US Govt. Has "A Loser’s Attitude"

March 31, 2019

Revenue rose by a fifth to £76.6 billion, it was announced yesterday, receiving a significant boost from smartphone sales. The US and Australia have banned Huawei from their networks, and Washington is pressuring its European allies to follow suit.

Trade Talks With China Progressing 'Very Well', Says Donald Trump

March 31, 2019

Mnuchin and U.S. Trade Representative Robert Lighthizer were in the Chinese capital for the first face-to-face meetings between the two sides since President Donald Trump delayed a scheduled March 2 hike in tariffs on $200 billion worth of Chinese goods, citing progress in negotiations.

Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant

March 31, 2019

That third shift has been in place since 1993, according to Unifor Local 444, the union that represents the impacted auto workers. The plant, which produces the Chrysler Pacifica and its hybrid version, as well as the Dodge Grand Caravan, has about 6,100 employees.

For Erdogan, local elections are matter of national survival

March 31, 2019

Less than a year after Tayyip Erdogan celebrated election triumph with fireworks in Ankara, Turkey's all-powerful leader faces the embarrassment of losing his capital in local polls marred by bitter campaign rhetoric and economic storm clouds.

AZ signs multi-billion cancer R&D deal with Daiichi Sankyo

March 31, 2019

The treatment received a breakthrough therapy designation from the U.S. Food and Drug Administration in 2017, a status which is given in instances where there is no current medicine for the condition the drug is aimed at. Trastuzumab deruxtecan delivers chemotherapy selectively to cancer cells and reduces systemic exposure, in contrast to conventional chemotherapy. The agreement relates to Daiichi Sankyo's drug trastuzumab deruxtecan and will see AstraZeneca pay 1.35 billion USA dollars ...

The Anti-Religious Crusade Continues: Chick-fil-A Banned from Buffalo Airport

March 31, 2019

In an update on Twitter Friday afternoon, Ryan wrote that the vendor working on the project had advised him that they won't be opening a Chick-fil-A restaurant at the airport. "San Antonio is a city full of compassion, and we do not have room in our public facilities for a business with a legacy of anti-LGBTQ behavior", Treviño said in a March 21 statement .

Monsanto ordered to pay US$80 mn in Roundup cancer trial

March 31, 2019

After a three-year long lawsuit, Monsanto has been charged and ordered to pay more than $80 million in damages to Edwin Hardeman, CNN reported on Wednesday. Hardeman's case was considered a bellwether trial to help determine the range of damages and define settlement options for the more than 760 other federal cases pending in the same court before U.S.

US, China to resume ‘candid’ trade talks

March 31, 2019

Mnuchin, Lighthizer and China's trade czar, Vice Premier Liu He exchanged pleasantries in front of reporters before commencing meetings at the Diaoyutai state guesthouse. "If we have more and more consensus, the world will benefit from it", said Jin, emphasizing that China is the world's largest developing country and the U.S.is the world's largest developed country.

Lyft shares jump 21% as stock begins trading

March 30, 2019

Around midday it was changing hands at $87 a share, up 20 per cent from the IPO price of $72. Despite struggling to turn a profit over the years, ride-hailing service and Uber competitor Lyft decided recently to take itself public. Lyft drivers, meanwhile, "definitely aren't getting rich", Quartz noted . Lyft, founded in the summer of 2012, is an on-demand transportation-as-a-service company that matches drivers with passengers who request rides through its smartphone application.

Daimler taps China's Geely to electrify its Smart model for global sales

March 30, 2019

The Smart vehicle will then leave its historic home in France to be manufactured in China , but Daimler insists no jobs will be lost. As part of the vehicle-development program, the Smart product portfolio will be extended into the "fast-growing" B- (subcompact) segment, Daimler said.

US economy revises down Q4 growth rate to 2.2 percent

March 30, 2019

That revision compares to the 2.6 percent pace estimated in February. Growth in the third quarter was 3.4 percent. The revisions to the fourth-quarter GDP reading reflected markdowns to consumer and business spending, as well as government outlays and investment in homebuilding.

Google Removes Gay 'Conversion Therapy' App Following Outcry

March 30, 2019

Facing vast pressure from the LGBTQ civil rights advocacy groups, Google has removed a controversial app that advocated for gay conversion therapy. The app provided users with testimonials and articles, offering sections for men, women, children, and parents.

Rumour: Renault to merge with Nissan and buy Fiat-Chrysler

March 30, 2019

In its final report, the committee also recommended that an outside director lead the Nissan board and that a majority of its members consist of external directors. It urged Nissan to newly set up by June board committees comprised of outside directors to decide on executive nominations and remuneration. Discussions of a possible merger took place a few years ago, but former Renault-Nissan-Mitsubishi alliance chairman Carlos Ghosn's proposal then was stopped by the French government.

The Kia Mohave Masterpiece and SP Signature have been unveiled

March 30, 2019

Kia Motors is all set to reveal a trio of new concepts at the 2019 Seoul Motor Show and they will preview the brand's future design direction. The concept wears lots of brushed-metal trim and chrome, with highly stylized LED headlights in the grille and multielement LED taillights.

Sports Direct considers 61.4 million pounds bid for Debenhams

March 30, 2019

Sports Direct International PLC on Wednesday set a 5 pence per share price to its proposed takeover offer for Debenhams PLC. That process is seeking agreement from bondholders to change the terms of some of their bonds so that Debenhams can secure new loans of up to 200 million pounds from existing lenders.

These are the world's best airports for 2019

March 30, 2019

Once again, the best airports in the world have been awarded . Well, luckily for those truly very bad people, a list of the best airports in the world has been compiled, telling you exactly where you can roam to your heart's content while the rest of us while away the hours by propping up the bar.

Queen of Surrey stuck after hitting Stormaway dock

March 29, 2019

BC Ferries set up a water taxi shuttle to carry passengers from Gibsons and Hopkins Landing to Horseshoe Bay and the Stormaway service to Gambier and Keats Islands used Hopkins Landing instead of Langdale for most of the day. Passengers had been on board since before 8 in the morning when they got on at Horseshoe Bay. "It was loud enough that I knew something was up, because that's not the way it normally sounds when it docks", said Penner.

Debenhams warns Sports Direct offer won't address funding needs

March 29, 2019

The retail mogul has previously offered a £150m loan and the purchase of the company's Danish business Magasin du Nord for £100m, both of which were rejected by the department store. On Monday Sports Direct said its representatives and advisors have been in talks with Debenhams' advisory group but it "cannot be said that the board of Debenhams has actively engaged in these discussions or are open to any form of an alternative proposal from any third party".

Turkey president blames West for currency rate fluctuations

March 29, 2019

USA senators have introduced a bipartisan bill to stop transfer of F-35 fighter jets to Turkey amid a major rift between the North Atlantic Treaty Organisation allies over Ankara's purchase of Russia's S-400 missile defence systems. This matter has become a stumbling block for the United States in its plans to halt the deliveries of the fifth-generation jets to Turkey following the spat over Ankara's S-400 procurement.

US Trade Deficit Slashed in January

March 29, 2019

Basically, American demand is expected to support shipments of imported goods, but a stronger dollar and a global economic slowdown may weigh on exports. USA goods exports to China fell to just US$7.1 billion, not adjusted for seasonal factors, the lowest since September 2010. The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.2 billion to $73.3 billion and an increase in the services surplus of $0.5 billion to $22.1 billion.

British Report Finds Technical Risks in Huawei Network Gear

March 29, 2019

In Canada , the federal government is still undertaking a review of 5G and of whether it's safe to allow Huawei to provide equipment to telecom operators in order to deploy the next mobile network iteration. The oversight report is separate from a government review of security to the 5G network that is expected later in the spring. So far, Australia and Japan have heeded the call .

Gay dating app Grindr caught up in US-China tech rivalry

March 29, 2019

LGBTQ dating app Grindr was bought a year ago by a Chinese gaming company called Beijing Kunlun. It's not clear what specific risks CFIUS believes Kunlun's acquisition of the app present. The unraveling of the Grindr deal also highlights the pitfalls facing Chinese acquirers of US companies seeking to bypass the CFIUS review system, which is based mostly on voluntary deal submissions.

Dovish RBNZ sinks Australian dollar for humiliated RBA

March 29, 2019

The bank said the balance of risks to its outlook had shifted to the downside. During its monetary policy meeting, the central bank said, "the more likely direction of our next OCR move is down". For a central bank trying to muster inflationary pressures, this was seen as a negative development in trying to achieve this task. The Australian dollar , which often moves in sympathy with the kiwi , slipped 0.1 per cent to $0.7077.

10 tech jobs with the largest gender pay gap

March 29, 2019

Across the eight countries examined comprising of Australia, France, Canada, US, UK, Singapore, Germany, and the Netherlands, Germany was found to have the largest unadjusted gap with women earning about 78 cents per euro men earned, whilst France has the smallest unadjusted gap with women earning about 88 cents per euro men earn.

Lyft valued at $34.3b in first ride-hailing IPO

March 29, 2019

It also indicates many investors are willing to overlook uncertainty over Lyft's path to profitability and its strategy for autonomous driving, for fear of missing out on such a high-profile technology IPO. During that time, its losses also grew, from US$688 million in 2017 to US$911 million a year ago. Lyft's revenue was US$2.16 billion for 2018, double the previous year's and far higher than US$343 million in 2016.

EU’s New 5G Security Plan Doesn’t Ban Huawei Despite US Concerns

March 29, 2019

EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning USA calls to ban China's Huawei Technologies across the bloc.

Ocado Teams Up With Australia's Coles In Latest Partnership Deal

March 28, 2019

The deal is expected to cost Coles about $130m to $150m over the development and construction period. The Coles deal will see two robotic distribution centers - or customer fulfillment centers (CFCs) as Ocado calls them - built and go live within four years, one in Sydney and one in Melbourne.

Iceland airline Wow Air has ceased operations -- all flights canceled

March 28, 2019

Passengers took to social media today as they sought alternative travel arrangements after the Wow Air flights were grounded. Passengers are instructed to check with other airlines for "rescue fares" and to activate ticket protections, if available.

Global warming emissions hit record level in 2018, IEA reports

March 28, 2019

Overall demand for energy rose at the fastest pace in 10 years in 2018 as the global economy expanded strongly and more extreme temperatures saw increased need for heating and cooling. The world needs to cut the use of coal-fired power to nearly nothing by 2050 to get anywhere close to limiting global warming to 1.5 degrees Celsius, a panel of United Nations scientists said in a report previous year.

Should You Get the Apple Card? What to Know Before You Bite

March 28, 2019

Keep this in mind when considering the card. Now, we can easily make a joke here about the tech savviness of Apple users, but the truth is that there are more than enough power users on Apple's platforms for the "we didn't think anyone will find out" argument to not hold up.

AirAsia apologises for 'Get off in Thailand' ad

March 28, 2019

Brisbane City councillor Kara Cook branded the campaign an "absolute disgrace" and said 'it should never have appeared on our city's streets'. "The information I have is that 250,000 western male sex tourists visit Thailand with the objective of sex with impoverished women and children", she said.

McDonald's Acquires Web Personalization Company Dynamic Yield

March 28, 2019

McDonald's said it would use Dynamic Yield's technology to change its digital Drive Thru menu displays to show food based on the time of day, weather, current restaurant traffic and trending menu items. While the financial details of the acquisition were not disclosed by the companies, McDonald's is reported to have paid $300 million for the purchase.

Oil Prices Dip After US Inventory Gain

March 28, 2019

EDT (1559 GMT), not far from its 2019 high of $68.69 reached on March 21. Despite the decrease in the oil rig count and Thursday's Brent price peak of 2019, oil slumped on the global market on Friday, with worldwide benchmark Brent crude closing at $66.86 per barrel while American benchmark West Texas Intermediate finished the day at $59.98 a barrel.

14 things more likely to happen than winning the Powerball jackpot

March 27, 2019

Sales cut off at least 59 minutes before the drawing, according to the Multi-State Lottery Commission. Donald Lawson of Lapeer, Michigan won $337 million in Powerball in 2012. If one ticket matches all six numbers, the victor will have a choice: the full $ 750 million jackpot in 30 annual payments or a one-time cash option of approximately $465.5 million before taxes.

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