Economy / 75

Fears that Boots stores in Long Sutton, Holbeach and Spalding could close

May 29, 2019

WBA said in April that it was undertaking a review of its Boots The Chemist estate "focusing on low-performing stores and opportunities for consolidation", although it declined to specify then the number that it was considering shutting. Next week, Sir Philip Green's Arcadia group, which includes Topshop through to Burton, will ask creditors to approve a rescue plan under which about 50 of its 566 United Kingdom stores will close.

FedEx diverts two Huawei packages to the United States without permission

May 28, 2019

The Chinese telecoms giant said that FedEx had also attempted to reroute two other packages from Hanoi in Vietnam destined for Huawei's offices in Hong Kong and Singapore. Huawei also confirmed that the said shipments only had documents. Earlier this month, Last week, the US Commerce Department prohibited American firms from doing business with Huawei, a move which means the company's handsets will no longer receive updates for the Android operating system from Google or access to its ...

Family of 9 packed into minivan for fatal Niagara Falls trip: cops

May 28, 2019

The women were fatally ejected when a drunken driver in a pickup truck blew a stop sign in Sheldon and T-boned the family's minivan Sunday, the Wyoming County Sheriff's office said. Sunday in Sheldon, New York, a vehicle that was driven by an alleged drunken driver slammed into the minivan carrying the women and seven others while they were on their way to Niagara Falls.

Teva Pharmaceuticals Agrees To $85 Million Settlement With Oklahoma In Opioid Case

May 28, 2019

Teva did not admit any wrongdoing under the settlement. The settlement makes Teva the second company to settle with Oklahoma over the opioid epidemic. The terms of the settlement agreement may take up to two weeks to finalize, officials say, but the money will go to the state once it's received. Hunter said the case against Johnson & Johnson will proceed on schedule.

MacKenzie Bezos pledges half her fortune to charity

May 28, 2019

Bezos, a novelist and one of the driving forces behind Amazon, announced that she has signed on to the Giving Pledge, whose worldwide roster includes Bill Gates , Warren Buffett , Mark Zuckerberg, Michael Bloomberg and Robert F. MacKenzie Bezos became the world's third-richest woman, according a Forbes Magazine, acquiring a 4% stake in Amazon worth about $36 billion when she and Jeff Bezos announced their divorce settlement on April 4.

Australian PM announces new cabinet members

May 28, 2019

Morrison began by announcing seven female ministers will be sworn-in to cabinet positions next week in what the PM described as "a record representation of women". "Both Senators have made enormous contributions in their public service and were given the opportunity to continue their service in the Ministry and Cabinet".

Modi swearing-in: Pakistan downplays India's snub

May 28, 2019

Pakistani Prime Minister Imran Khan (L) and Indian Prime Minister Narendra Modi (R) address supporters during their campaign rallies ahead of general elections in Islamabad, Pakistan, July 21, 2018, and in Meerut, Uttar Pradesh, India, March 28, 2019, respectively.

Walmart employee finds snake in Texas shopping cart

May 28, 2019

A photo from the department, which serves Krugerville and Cross Roads in Denton County, shows the snake tangled between two Walmart shopping carts . The officer responded and quickly found the cause of the scream. I would have crapped my trousers right then if I wasn't paying attention and touched that thing. Rat snakes are nonvenomous, according to herpetologists at the University of Texas at Arlington .

Memorial Day Events In Northwest Suburbs

May 28, 2019

Post 160 will also provide the honor guard for the parade that steps off at 10 a.m. from the former Adams Memorial Middle School and ends at the Maple Street cemetery for a memorial service. The Rome Vietnam Veterans Memorial will be dedicated during a ceremony at 2 p.m. The parade will line up at 9:15 a.m. and start at 10 a.m. But unlike Veterans Day , which honour all who served in the U.S.

Huawei founder praises and defends Apple, would protest if China banned it

May 27, 2019

President Trump says Huawei could be included in a U.S. The Trump administration has effectively banned Huawei from doing business in the United States, blocking the Chinese smartphone maker from receiving shipments or services from USA companies amid a trade conflict between the two nations.

What to know if you’re driving around Boston this Memorial Day weekend

May 27, 2019

Despite an increase in gas prices over the past few weeks, AAA says travelers will be out enjoying their holiday weekend. And a record number of families are prioritizing their disposable income on traveling this weekend. So when is the best time to avoid traffic? "Drivers in the most congested metros should expect much worse conditions than normal", said Trevor Reed, a transportation analyst for INRIX.

Panasonic 'suspends transactions' with Huawei after United States ban

May 27, 2019

Things aren't looking good for Huawei following a crackdown from the Trump administration that has seen Google cut ties with the Chinese tech giant to comply with United States trade restrictions. Yet the U.S. Department of Commerce on Monday issued a 90-day temporary license, effective from May 20 to August 19, which allows "specific limited engagement in transactions involving the export, reexport, and transfer of items" to Huawei .

Fiat Chrysler proposes 50-50 merger with Renault

May 27, 2019

According to a source close to the negotiation, the merger plan being talked about would involve some transfer of equity. It is believed that the companies are considering a merger of equals but are also investigating other tie-up options. "After careful review of the terms of FCA's friendly proposal, the board of directors made a decision to study with interest the opportunity of such a business combination, comforting Groupe Renault's manufacturing footprint and creating additional value ...

Panasonic joins firms stepping away from Huawei after U.S. ban

May 27, 2019

Despite the uncertainty over its future, Huawei is expanding its production lines. Two of Japan's top mobile carriers, KDDI and SoftBank Corp, have announced a delay in releasing new handsets made by Huawei. The US argues the Chinese government could use Huawei products for surveillance. "That's just false. To say that they don't work with the Chinese government is a false statement".

Renault and Fiat tie-up could surpass VW sales

May 27, 2019

It is not clear whether the talks have included Nissan , which is part of the global Renault-Nissan-Mitsubishi partnership and could see its influence diluted in overall alliance. We'll bring you updates the moment they come in. The Renault-Nissan partnership, underpinned by cross shareholdings, has been strained by the scandal surrounding former Chairman Carlos Ghosn , who was ousted after his arrest previous year.

Retail sales flat in April as online shopping hits record

May 26, 2019

Online clothes purchases and warm weather helped United Kingdom retail sales beat economists' expectations in April, official statistics showed today. The retail figures contrast with the problems flagged by many well-known companies on the British high street. Admittedly, warmer-than-usual weather - average temperatures were 1.1 degree Celsius above their 1970-to-2018 April average - probably temporarily stimulated clothing sales, which rose by 2.3% month-to-month and boosted the headline ...

Uber Has Some Posh New Electric Bikes to Chuck in London's Canals

May 26, 2019

The bright red Jump bikes provide an alternative to London's Santander bikes and are electric pedal-assisted, for an easier ride through the capital. Uber recently went public and has pitched its stockholders as one-shop for transportation to build its portfolio from different segments such as scooters and e-bikes to food delivery.

Kia SP2i official interior sketches revealed ahead of June launch

May 26, 2019

The new Kia SUV is based on the SP Signature concept shown for the first time at the Delhi Auto Show in India in 2018. This new model, which will be the company's first small size, is getting closer to its world premiere as evident to the new interior sketches Kia provided.

Snapchat Is Finally Bringing Music To Your Snaps

May 26, 2019

As such, the latter would be so it is no longer required to play a song during from another app so it takes part in a snap story. Snap is looking for more rights to music catalogues so that its users can include music in their Snapchat messages, the Wall Street Journal reported, citing sources familiar with the matter.

Aldi recalls flour that could be contaminated with E. coli

May 26, 2019

The German-based grocer says the flour, which is sold in 5-pound bags, should be thrown away or returned to the store for a refund, according to a company statement . The investigation is ongoing. The recalled flour is sold with the UPC code: 041498130404. "Consumers should thoroughly wash the containers before using them again", the CDC added.

Rupee surges 49 paise against dollar on Modi’s landslide win

May 26, 2019

In the currency market, the dollar steady as investors feared a trade war with China will hurt the economic growth of the USA more than previously thought. However, it surrendered initial gains to trade at 69.81 in early trade. Crude oil futures were trading higher on Friday, after the overnight crash due to escalated trade tensions between the United States and China.

Old Mutual suspends Group CEO

May 26, 2019

Investors will be hoping that the group will provide more details on the abrupt move at its Annual General Meeting on Friday afternoon to be held in Sandton, near Johannesburg in South Africa. Old Mutual Wealth, Quilter's United Kingdom platform, separated from Old Mutual in 2018 along with the wider Quilter business. Before joining Old Mutual Limited Moyo worked as the Group Chief Executive of the Alexander Forbes Group according to his LinkedIn page.

Former Jet Airways chairman Naresh Goyal, wife stopped from going overseas

May 26, 2019

Sources said Goyal and his wife Anita were restricted from leaving the country. The agency also quoted Jet Airways sources saying that the couple was travelling with four big-sized suitcases. In a late evening statement, Emirates only said it was cooperating with "relevant authorities"."Emirates is co-operating fully with the relevant authorities and we abide by the laws of the various countries we operate in", the airline said.

New Vauxhall eCorsa: official pics of electric hatch

May 26, 2019

Details unveiled this week by Vauxhall suggest the Corsa-e has an excellent range - although full and complete details have yet to be confirmed - and that it's no slouch either, sprinting from 0-31mph in 2.8 seconds. The driver sits 28 mm lower, and Opel touts a low centre of gravity that benefits handling and dynamics. For the first time in the small auto segment, Opel has included IntelliLux LED matrix headlamps that make use of a high-resolution camera at the front to adapt the light beam ...

Philip Green's Arcadia to close United Kingdom stores, review US in restructuring

May 26, 2019

The company has seen sales slide in recent years as it faces increased competition from buzzy online stores such as Asos and Boohoo, which are speeding up supply chain times and jumping on new trends more quickly. They also want to see significantly more than £50m investment in the business and a more detailed plan of how the group can be turned around after years of under-investment.

Skoda Superb facelift revealed

May 26, 2019

The Superb iV plug-in hybrid and the Citigoe iV are just the beginning. The battery is integrated into the car's chassis, meaning it retains a 250-litre boot. As reported, the Australian-market Superb line-up will continue with the same powertrains, including one diesel (140kW/400Nm 140TDI) and two petrols (162kW/350Nm 162TSI and 206kW/350Nm 206TSI), all of which are 2.0-litre turbocharged four-cylinder engines.

Fed's Kaplan says he's 'agnostic' on next Fed rate move

May 25, 2019

Given the "waning impetus" of the 2017 tax cuts and the four interest rate increases a year ago, officials "expected real GDP growth to slow over the medium term, moving back toward their estimates of trend output growth". In light of global economic and financial developments as well as muted inflation pressures, ' there would be a pause in interest rate increases, according to the meeting minutes.

Relying on homemade, natural sunscreens might get you burned

May 25, 2019

Of course, the best way to protect your or your child's skin is to cover up as much as possible, wear hats and sunglasses, and avoid going outdoors in the middle of the day to avoid the harshest sun, but if you will be outside, sunscreen is essential.

Chevrolet plugs the 6.2-litre V8 into Silverado Trail Boss and RST

May 25, 2019

It's available on the LT, LTZ and High Country trims. Putting out 277 horsepower and 460 pound-feet of torque, it's available on higher trims of the Silverado, including LT, RST, LTZ and High Country. It's now offered on more than half of Silverado trims, covering Custom Trail Boss, RST, LT Trail Boss, LTZ and High Country trims. Other changes for 2020 include the addition of towing technologies from the Silverado HD.

Look at this epic Honda Civic Type R rally vehicle

May 25, 2019

At last year's SMMT test day, Honda revealed the Type R pick-up - and this year it's gone one better with not one but two one-off Type Rs. To further elevate the potential of the Civic Type R , Team Dynamics Motorsport , a championship winning team has created a road-legal rally version of the model with bespoke modifications.

The Boring Company wins contract to build Las Vegas tunnel

May 25, 2019

Las Vegas's Mayor Carolyn Goodman was the lone dissenting voice, opposing giving the contract to Boring Co. because of its lack of experience. The project consists of a pair of mile-long vehicle tunnels and a pedestrian tunnel, with three underground passenger stations and elevator/escalator access points.

Facebook to Roll Out 'GlobalCoin' Cryptocurrency in 2020, Report Says

May 25, 2019

Secret meetings with important people: According to the BBC , Facebook CEO Mark Zuckerberg met with Bank of England governor Mark Carney last month to "discuss the opportunities and risks involved with launching a cryptocurrency". On top of seeking advice from banks, Facebook also reportedly called up Zuckerberg's old pals the Winklevoss twins , who founded the Gemini cryptocurrency exchange.

Dividend cut means more pain for Royal Mail investors

May 25, 2019

This initiative will help facilitate that growth. Royal Mail saw its share price climb more than 5% on Wednesday morning after it recorded a 2% increase in revenue to £10.4 billion in its full-year results, driven by good growth in parcel delivery service which more than offset letter revenue decline.

Honda recalls 118,000 U.S. SUVs for sudden air bag deployments

May 25, 2019

The issue is separate from a series of recalls Honda has conducted over the last decade to replace more than 21 million defective Takata air bag inflators in about 12.9 million USA vehicles that Honda has said are responsible for 14 US deaths.

Tesla automated lane changes are risky

May 25, 2019

Navigate on Autopilot allows the vehicle to automatically change lanes, and it automatically is activated on those vehicles whenever a destination is plugged into the navigation system. Tesla's claimed it would make driving "more relaxing, enjoyable and fun". Last week, the U.S. National Transportation Safety Board said that Autopilot was in use in a March crash that killed a man in Delray Beach, Florida.

Dow falls 350 points on renewed trade standoff

May 25, 2019

NEW YORK, May 23 (Reuters) - U.S. stocks slumped on Thursday as investors dumped shares of technology companies as well as businesses in cyclical sectors on fears that the escalating trade war between United States and China would stymie global economic growth.

Canopy Growth Corporation (CGC)- Most Active Trio on Investment Estimation

May 25, 2019

Although this strategy may work out more often than not, investors may be better served to conduct their own research and then use price target estimates as a comparison tool. RVOL compares a stock's current volume to its previous amount over a specific period. They issued a " hold " rating on the stock. Successful stock market traders and investors don't usually just become that way overnight.

Tesla sales set for record-breaking quarter, CEO Elon Musk reportedly says

May 24, 2019

Compounding woes for the company, Morgan Stanley analyst Adam Jonas, who earlier this week said that Tesla stock could plunge to as low as US$10 in a worst-case scenario, held a private call with investors Wednesday in which he said the company is "seen more as a distressed credit and restructuring story".

Amazon Shareholders Reject Facial-Recognition Proposals

May 24, 2019

It's worth noting that the vote was non-binding and the company could have rejected the resolutions. In the case of facial recognition, dozens of activist organizations including the American Civil Liberties Union (ACLU) warned that implicit bias in the algorithms that power the tool can lead to rights violations and targeting of communities of color.

After Huawei, U.S. could blacklist Chinese surveillance tech firm

May 24, 2019

China has faced growing global condemnation for setting up facilities in Xinjiang that United Nations experts describe as mass detention centres holding more than 1 million ethnic Uighurs and other Muslims. Although the ripple effects of the measure would be much more contained than Washington's recent decision to place Huawei on the Commerce Department's Entity List, it would still significantly hurt Hikvision's worldwide business and sales.

Audi TT to be axed, will be replaced by sporty EV

May 24, 2019

Schot said a strategy focused so heavily on sustainability meant that the brand would have to cut a number of models that no longer made economic sense. T-Tron? TT e-tron Sportback Quattro allroad? Audi will cease making the iconic TT coupe and replace it with a battery-powered model as the luxury brand accelerates an electric shift that may also see the next version of its flagship A8 sedan go emission-free.

Queen BLOWN AWAY by Sainsbury’s self-service till - ‘You can’t CHEAT then?’

May 24, 2019

Her Majesty opened-up on how treats were only prohibited on a Sunday within the royal household and spoke of some of the "ghastly" snacks that were on offer. When the manager claimed many people liked the convenience of being able to do it themselves, she replied: "I'm sure they do". "Everybody wants to hurry", she added.

Oil plummets, on track for biggest weekly drop in 2019

May 24, 2019

Brent crude futures, the global benchmark, settled down $3.23, or 4.6%, at $67.76 a barrel. Global geopolitical risk was still sufficient to provide a floor for oil prices, said Again's Kilduff. USA crude oil inventories rose last week, hitting their highest levels since July 2017, the government's Energy Information Administration said on Wednesday.

SpaceX just deployed 60 Starlink Internet Satellites, the first of 12,000

May 24, 2019

SpaceX's Falcon 9 rocket is due for liftoff from Cape Canaveral Air Force Station in Florida during a 90-minute launch window that opens at 10:30 p.m. The launch was "the heaviest payload a Falcon 9 [rocket] has ever launched, or Falcon Heavy, for that matter", SpaceX CEO Elon Musk told reporters before the mission.

DJI AirSense Adds Aircraft Detection to Consumer Drones

May 24, 2019

In DJI's announcement of the technology, it touted its own 37-page report on drone safety and criticised the drone incident data collection of government regulators. "DJI leads the drone industry in developing safety technology and education, and we continue that tradition today by setting higher expectations for ourselves, our competitors and regulators", said Brendan Schulman, DJI Vice President for Policy & Legal Affairs.

Coli Contamination Leads To Recall Of 62K Pounds Of Beef Products

May 24, 2019

According to the USDA's announcement , the products being recalled have the establishment number "EST. 788" inside the USDA mark of inspection. The items were shipped nationwide for further distribution and processing. The FSIS implored anyone with these beef products to throw them away or return them. FSIS is urging consumers to safely prepare all their meats and only consume them if they've been cooked to 165 degrees.

Microsoft wants GDPR-style privacy laws for the US

May 24, 2019

In what is likely a long overdue move, Google is to face a GDPR investigation from the Irish Data Protection Commissioner. Specifically, the probe will investigate Google's real-timing bidding (RTB) system following a complaint filed by the browser company fearless in September, which alleges that the ad-auctioning system constitutes a data breach under GDPR rules by revealing personal data to third-party companies.

Ford’s delivery robot walks like a human

May 24, 2019

If Digit encounters an unexpected obstacle, it can send an image back to the vehicle and have the vehicle configure a solution. Digit and the vehicle can even work collaboratively to identify the most efficient route. Ford said the robot, called Digit , can climb steps, walk on uneven terrain or stay balanced even if it's bumped. Ford's own CEO recently admitted that driverless cars are still years off, and there are still plenty of technical barriers to overcome before we ever see the ...

Oil prices drop on swelling U.S. stockpiles, trade war

May 24, 2019

Brent crude futures, the worldwide benchmark for oil prices, were at $70.90 per barrel at 0007 GMT, down 9 cents, or 0.1 percent, from their last close. The Organisation for Economic Co-Operation and Development (OECD) on Tuesday revised down its global growth forecast for the year. At the moment the barrel of WTI is losing 2.89% at $59.40 and faces the next support at $57.95 (100-day SMA) followed by $55.51 (38.2% Fibo of the October-December drop) and then $54.37 (low Mar.8).

CBOT corn hits one year peak

May 23, 2019

The five-year average is 80%. Seasonally, corn prices tend to move higher during the spring and summer when the crop is planted and growing and often come down during the fall harvest when the new crop is available to the market. Commodity funds were net buyers of CBOT corn and wheat futures contracts on Tuesday and net sellers of soybeans, soymeal and soyoil, traders said. CBOT July corn ended up 5-1/4 cents at $3.94-1/4 cents a bushel after hitting a session high of $3.99, the highest ...