Tuesday, 18 June 2019
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United Kingdom retail sales post biggest quarterly fall since 2010

Indeed analyst David Cheetham at XTB said more recent data had showed better than expected level of retail spending over the Easter weekend, with Barclaycard reporting a 13% increase for in-store purchases. Ruth Gregory, UK economist at Capital Economics , added the slowdown retail sales suggested the consumer spending slowdown was gathering pace and added to other evidence indicating that the economic recovery has slowed since the end of previous year. Read More »

Buoyant French economy ahead of election a boon to eurozone


Meanwhile, the German stock index DAX Index traded 0.02 percent lower at 12,025.00 by 08:50 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 26.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). Read More »

Wide area of San Francisco hit by power outage


Local media reported firefighters and utility crews were at a smoky fire at a substation but there was no word on whether it was related to the outage. BART trains and San Francisco Muni trains are skipping the Montgomery Station. "In a movie people would be freaking out". Traffic lights were also reportedly knocked out of use across the city, causing chaos in the streets. Read More »

French candidate leaks Obama call ahead of Sunday poll

Bernie Sanders, has vowed a 90 percent tax on people earning more than $425,000 and wants to implement a 32-hour work week. Although many of these parties have existed for decades, they have been emboldened by Brexit and the election of U.S. Read More »

Ontario brings in foreign housing tax to cool Toronto market


Don't take my word for it - Finance Minister Charles Sousa admitted as much on Thursday, as the government unveiled its long-awaited plan to cool the Greater Toronto Area's real estate frenzy : "We're trying to stabilize the market, we recognize these homes are one of the biggest assets for many families' retirement as well", Sousa said, "So we're not trying to change the market pricing necessarily, we're just trying to ensure stability". Read More »

Passenger removal prompts United Airlines China visit

A university student in sociology grappling with the complexities of race and class in post-apartheid society would learn much more from a morning in third class (yes, that's what it's openly called) than in a stifling seminar room on campus. Read More »

MPs approve Theresa May's call for snap election

Sterling had spiked on the announcement of the general election on Tuesday but reversed its rally slightly yesterday, even as the House of Commons voted in favour of the plan. The Labour leader highlighted an analysis of Department for Education figures which showed more than 40,000 primary school children were taught in classes of 36 or more pupils in 2016, up from around 38,500 the previous year. Read More »

Oil Prices Fall to 11-day Low on US Shale Output Surge

Russian Federation and 10 other non-OPEC producers agreed to cut half as much. Shale production in May was set for its biggest monthly increase in more than two years, according to the U.S. The agreement in Vienna was created to speed the end of the worst oil downturn in a generation by mopping up excess supplies and boost prices, providing some relief to resource-rich nations whose economies have taken a big hit. Read More »

Indian Spirits And Airline Tycoon Vijay Mallya Arrested By UK Police

Last April his diplomatic passport was revoked when a warrant for his arrest was issued. A formal extradition request was initially made on February 8 and authorities in India stated that they had a "legitimate case" against Mallya. Santosh Kumar Gangwar, an Indian finance minister, told reporters that the country's authorities were "ascertaining the facts and trying to find out how to bring him back to our country and start legal proceedings against him". Read More »

'Mother of all protests' in Venezuela


Hundreds of workers desperate for information about their jobs gathered at the plant Thursday to meet with government and military officials, as well as representatives of the dealership that brought the lawsuit. Maduro's opposition is also demanding new elections, which were indefinitely postponed previous year - mere months after Maduro also canceled a recall referendum that could have ousted him from power. Read More »

France's Macron has call with Obama ahead of election


That would keep her candidacy alive, but it would make her the underdog in the runoff election on May 7. He was echoing remarks by Le Pen's aide Wallerand de Saint Just. But, if a significant number stay home, this could benefit Marine Le Pen . To prevent even bigger losses in the final stretch, Le Pen appears to have shifted tactics in the past 10 days. Read More »

Trump wins support for possible WTO action on Canada dairy

Ambassador David MacNaughton said in a letter Tuesday night to the governors of Wisconsin and NY that Canada is aware of their letter to Trump asking him to address Canada's dairy practices. More than 75% of Canada's exports go to the USA, and only 18% is imported from U.S. Canada's dairy sector is protected by high tariffs on imported products and controls on domestic production as a means of supporting prices that farmers receive. Read More »

China places its bomber aircraft on heightened alert


An April 18 AFP report published in Japan Times observed, " North Korea could react to a potential US strike by targeting South Korea or Japan, and officials in both countries have been ill at ease with the more bellicose language deployed by President Donald Trump's administration". Read More »

H-1B not immigration but trade, services issue


The domestic IT industry has transformed many times in the past. According to Chandrashekhar, every country wants highly skilled workers from anywhere in the world, but there is a need to define "highly skilled workers" and ensure immigration policies of a country open the doors to them. Read More »

United Airlines Won't Be Firing Anyone Over Dr. David Dao's Assault

In a statement published on April 13, the airline promised that it will no longer ask law enforcement officers to remove passengers from its flights unless it is a safety and security concern, and will fully review and improve the training programs to ensure its employees put customers first. Read More »

Vettel beats Hamilton in tense Bahrain GP

The two teams had been very evenly matched in race pace but Ferrari's aggressive pit strategy gave Vettel the advantage, and when Hamilton pitted under the safety vehicle he was too slow into the pit entry and took a five-second penalty. By seeking not to give either driver any advantage over the other, Mercedes were unable to respond immediately and delayed their decision-making after Ferrari's early move to make an "under-cut" pit stop. Read More »

Cristiano Ronaldo Pleas With Real Madrid Fans Not To Boo Him

Worse still, Vidal's dismissal came after Casemiro avoided a yellow card on no less than four occasions for reckless fouls. A raging Arturo Vidal branded the referee a "clown" who had "robbed" Bayern Munich of a place in the Champions League semi-finals after the Germans were knocked out in controversial circumstances by Real Madrid. Read More »

United Kingdom delays decision on Sky merger approval


Last month Karen Bradley, Britain's culture, media and sport secretary, intervened in the proposed acquisition of Sky by Murdoch's Twenty First Century Fox on the media public interest grounds of media plurality and commitment to broadcasting standards. Read More »

Everyone is making the same point about sexual harassment at Fox

O'Reilly could be totally innocent but when advertisers abandon ship, it's over. A few 21st Century Fox executives outside the news division had said that they wanted a resolution and that O'Reilly would have been fired earlier had he worked in their groups, according to people familiar with the matter. Read More »

Oil prices flatten as rise in United States production weighs


Crude inventories fell 1.03 million barrels to 532.3 million, the agency reported Wednesday. US crude oil production has climbed to 9.24 million barrels per day, according to the latest Energy Information Administration data . Distillate stockpiles fell a bit more than expected-down 2 million barrels last week. US inventories now sit at 532.3 million barrels, only down about 3 million units from the record reached in March. Read More »

Saudi Oil Exports Drop to 2015 Low as Kingdom Sticks to Cuts


This is the third consecutive week the oil companies are hiking their prices. "While US inventories are going to decline, they are falling from a much higher level than they have over the past two years". While Iran fuelled hopes that OPEC and non-OPEC oil producers could extend their output cuts beyond the six-month agreement, Saudi energy minister Khalid al-Falih said it was too early to discuss an extension. Read More »

Struggling apparel retailer Bebe Stores to shut all stores


Last summer the retailer struck a deal with brand management company Bluestar Alliance to develop its wholesale business overseas, where the retailer retains a higher profile than in the U.S. And it may incur a loss from the sale of its merchandise. The company's sales for the first six months of its 2017 fiscal year, a period that ended December 31, totaled $189.2 million, down 13.5% from a year earlier. Read More »

White House tries to clear confusion over USS Vinson mission

Asked about the deployment in an interview with Fox Business Network that aired April 12, President Trump said: " We are sending an armada , very powerful". warships was about 3,500 miles away. In fairness, neither Trump nor the Navy said when the Carl Vinson was going to head north, so technically no one lied here. Read More »

Bill O'Reilly accuser appears on 'The View' to address harassment allegations

O'Reilly was sacked from the network on Wednesday as he deals with the fallout from multiple sexual harassment allegations . After receiving an overwhelming amount of complaints, the network had no choice but fire O'Reilly on Wednesday. Several outlets reported on Thursday that O'Reilly, who had just inked a new four-year contract, received a severance payment of up to $25 million , which was equivalent to one year of his salary. Read More »

A 'trading disaster:' Trump slams NAFTA, repeats attacks on Canada's dairy industry

Minutes later came the now-familiar sight of Trump in the Oval Office, followed by a pointed attack on Canadian trade practices and the impact on USA interests. "I feel our country really gets that this is a critical moment". "We don't feel good about USA farms going out of business". "It's absurd for the Canadian government to assert there is no relationship between its new Class 7 policy and the lost USA milk sales there", said Jim Mulhern, president and CEO of the Virginia-based ... Read More »

Iran not living up to 'spirit' of nuclear deal, says Donald Trump

The Trump administration's inter-agency review of policy towards Iran will examine whether the lifting of sanctions against Tehran is in the United States national security interests. "The worn-out allegations by the United States can not cover the country's admission of Iran's implementation of its nuclear deal undertakings", Zarif said. Read More »

Existing home sales soar to highest pace in more than a decade


Housing inventory increased by 5.8% in March to 1.83 million homes, equal to a supply of just 3.8 months, unchanged month over month, and has fallen year over year for 22 consecutive months. The median existing-home price continued to rise, hitting $236,400 in March. "A growing pool of all types of buyers is competing for the lackluster amount of existing homes on the market". Read More »

GM says Venezuelan government has taken over plant


In Latin America, where other governments are increasingly alarmed by Venezuela's instability, 11 countries including Brazil, Mexico and Chile issued a statement Monday condemning the deaths of protesters and urging the security forces to show restraint. Read More »

Vijay Mallya Arrested By The Scotland Yard In London

A day after brief arrest of liquor baron Vijay Mallya, wanted in India for defaulting on over Rs 8,000 crore in bank loans, the Enforcement Directorate (ED) has chose to visit the United Kingdom. "Extradition hearing in Court started today as expected", he tweeted. The UK Home Office declined to comment on "individual cases" but said that Mallya's case will be handled under Part 2 of the UK's Extradition Act 2003. Read More »

20 dead in truck mishap in Chittoor


Police said the accident occurred near Yerpadu police station when a group of persons who had come to the police station were standing near the shops. Minister for Health Kamineni Srinivas directed the district collectors to extend all support to the victims and provide top medical treatment for the injured. Read More »

Tesla recalling 53000 vehicles worldwide for brake problem


In a study earlier this year of safety complaints against automakers, auto data and research company iSeeCars.com reported that Tesla ranked third, behind only Jeep and Chrysler, as receiving the most safety complaints of any auto brand. The company added it had no reports of accidents or injuries relating to the brake issue. Vehicles assembled between February and October past year contain a small gear that could have been manufactured improperly by Tesla's supplier, according to a ... Read More »

Christie defends killing tunnel project he says 'stunk'


Democratic Sen. Cory Booker bristled that it's past time to assign blame. Beyond his fiscal stewardship of NJ Transit , Christie is often blamed for single-handedly canceling an $8.7 billion tunnel project known as the Access to the Region's Core that would have linked NY and New Jersey and added extra capacity for the region's growing commuter base. Read More »