Tuesday, 19 June 2018
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Euro set to snap six week losing streak as Italy concerns wane


The UK FTSE 100 Index also fell 1.4% to its worst in 3 weeks. After market tanked at the prospect of a Cottarelli-led technical government and early election , Di Maio came back with a proposal to replace the contested ministerial candidate, while Salvini said he wasn't closing any doors. Read More »

A California Chick-fil-A Will Pay Its Workers $17 an Hour


This also puts Mason's store well above California's minimum-wage law, which is one of the U.S.'s most generous: It's now set at $11 per hour, and that hourly rate climbs 50 cents a year until 2022, when it will finally reach $15. But the benefits won't stop at the pay envelope. Mason stressed that he wants to make an impact and is looking for people who want to have a long-term work opportunity. Read More »

ASX uncertainty as U.S. tariffs spark global trade war


On Thursday , U.S. Commerce Secretary Wilbur Ross announced that the exemptions would be allowed to lapse, meaning European Union steel makers exporting to the U.S. "The US has agreed on a range of measures with Argentina and Australia, including reducing excess aluminium production and excess aluminium capacity, measures that will contribute to increased capacity utilisation in the United States, and measures to prevent the trans-shipment of aluminium articles and avoid import ... Read More »

World economy returns to pre-crisis levels as unemployment drops, OECD reports

However, in its six-monthly economic outlook, the organization of 35 mainly developed countries maintained its 2019 forecast of 3.9% growth in gross domestic product. Upside risks to growth include faster export growth if the recovery in export markets is stronger than projected or if more intense privatisation releases resources to more dynamic exporting firms, according to OECD. Read More »

Where to get deals for National Doughnut Day


Tasty Donuts will be offering free doughnuts to the first 500 customers on National Donut Day . At Duck Donuts , you can get a free plain, cinnamon sugar or powdered sugar donut - and no purchase is necessary! Here's what you need to know. Read More »

Local IT expert explains 'Change Of Service' and 'Privacy Policy' updates


It is ready to support European companies that must comply and remain compliant, including with the appointment of a Data Protection Officer to monitor internal compliance, inform and advise on your data protection obligations, provide advice and act as contact point for data subjects and the supervisory authority . Read More »

Ivanka Trump Receives New China Trademarks, Raising Ethics Concerns


On Tuesday, the White House announced that on June 15, it would provide details of the Chinese products affected by the new tariffs, which would come into effect "soon". There are a few tactical reasons the Trump administration may have decided on Tuesday to go ahead with tariffs and investment restrictions. "China does not want, but is not afraid of, a trade war", Hua said. Read More »

US imposes steel tariffs on Canada and Mexico

Ross said negotiations with Mexico , Canada and the European Union can continue even once the tariffs are in place. Critical over the tough negotiating position of the EU by Ross, German Economy Minister Peter Altmaier thought otherwise and said that the Europeans were willing to negotiate special trade arrangements, notably for liquefied natural gas and industrial goods, including cars . Read More »

Steel and aluminum tariffs to apply to EU, Mexico, Canada


The US put in place exemptions for key allies after first announcing the tariffs in March. Hurting US manufacturers even further, the countries hit by the tariffs will also tax imported US products. The European Commission, which coordinates trade policy for the 28 EU members, has said the bloc should be permanently exempted from the tariffs since it was not the cause of overcapacity in steel and aluminum . Read More »

Italy heads to new elections as caretaker PM named


For Cottarelli to form a government, parliament must endorse his team - something the nationalist League party and the Five Star Movement who hold a majority in both houses have staunchly refused to do. Italy's populist leaders are getting a second shot at putting together a government. According to a report from Reuters , which cites Mattarella's staff, the president has "welcomed" Di Maio's renewed attempts to try to form a government. Read More »

De Beers to sell lab grown diamonds


The company, which is credited with creating the allure of diamonds as rare, expensive and a symbol of everlasting love, released a statement on Tuesday morning, saying that it will market the artificial diamonds, which are cheaper than mined diamonds, as part of a new fashion line called Lightbox . Read More »

Two new models of aircraft for Bombardier


It has been speculated that the main objective of the firm behind the introduction of new airplanes is to cover the costs that it had incurred in the production of both C series commercial jet & Global 7000 jet a few years back. The new Global 5500 and 6500 models will have more fuel-efficient engines, aerodynamically cleaner wings, new interiors, and new avionics. Passengers will benefit from this unrivalled performance in absolute comfort, enjoying Bombardier's signature smooth ride, ... Read More »

How major United States stock indexes fared Tuesday


ENERGY: U.S. crude oil fell 27 cents to $66.46 per barrel in electronic trading on the New York Mercantile Exchange. The shift came after Carlo Cottarelli, nominated to be Italy's next prime minister, said there were "new possibilities" to form a government. Read More »

Consumer Reports recommends Tesla's Model 3 after brake fix


In testing, the Model 3 needed as much as 152 feet to stop, which the publication said, "was far worse than any contemporary auto we've tested" - and 9 feet longer than it took to stop a Ford F-150 pickup truck. In its updated review, Consumer Reports still found flaws in the Model 3, such as wind noise, a stiff ride and an uncomfortable rear seat. The publication says the newest software update also seems to have made some operations, such as adjusting the mirrors, simpler. Read More »

Two-day nationwide bank strike begins in India


Talks between banks and the employee unions have failed to make any headway so far. Several banks, including SBI, Bank of Baroda and Canara Bank, have cautioned that their services and normal banking operations would be impacted by the strike. Read More »

Trump wants to bar German luxury cars in US


There's also the fact that a number of German automakers already have huge manufacturing presences in the US. German carmakers control 90 percent of the US premium auto market, with BMW (BMWG.DE) owning the Rolls-Royce and BMW brands while Daimler (DAIGn.DE) has Mercedes-Benz and Volkswagen (VOWG_p.DE) controls Bentley, Bugatti, Porsche and Audi. Read More »

Cryptocurrency addicts seek treatment at Scottish clinic


This, in turn, will help them feel they're not alone in what they're facing and aid them by drawing strength with the others who are trying to regain control of what they lost. The devised treatment program is therefore closer to existing methods for treating gambling addictions, rather than to substance abuse programs. According to estimates, around 13 million people engage in buying and selling of bitcoin all over the world. Read More »

How Amazon plans to block Australians from using popular feature


Starting in July, Australians will be blocked from ordering items on Amazon's United States site. "The government doesn't apologise for ensuring multinationals pay a fair amount of tax here in Australia ", he said. "Amazon Global Store will allow Australian customers to shop on amazon.com.au for over 4 million items that were previously only accessible on amazon.com". Read More »

Italy crisis: Call to impeach president after candidate vetoed


Italian Premier-Designate Giuseppe Conte says he tried his hardest to form the country's next government and had full cooperation from would-be coalition partners, the populist 5-Star Movement and League parties. Mr Cottarelli, 64, worked at the International Monetary Fund from 2008 to 2013, gaining the nickname "Mr Scissors" for making cuts to public spending in Italy. Read More »

USA tariffs: Steel and aluminium levies slapped on key allies

In terms of the NAFTA talks, the tariffs could hinder the negotiations among the North American neighbors. European and United States equities lost ground slightly on fears the U.S. But he said that USA officials are "quite willing and eager" to have further discussions with all of the parties. The federal government says it is taking further steps to prevent foreign steel and aluminum from being dumped into the North American market just ahead of a USA decision on whether to slap ... Read More »

Canada to Buy Kinder Morgan Pipeline for $3.5 Billion


Export Development Canada will finance the purchase, which includes the pipeline, pumping stations and rights of way along the route between Edmonton and Vancouver, as well as the marine terminal in Burnaby, where oil is loaded onto tankers for export. Read More »

CIBC’s Simplii Financial says fraudsters may have accessed data of 40,000 clients


Bank of Montreal said separately that fraudsters contacted the lender saying they had certain personal and financial information for "a limited number" of customers. Shares in BMO were down 0.3 percent and CIBC was off 0.3 percent. A screen grab of Simplii Financial's website. Simplii said there is no indication that clients who bank through CIBC have been affected. Read More »

Fuel prices in India have not been slashed


Gandhi said the one paisa cut in petrol rates was not a "suitable response" to the fuel challenge he threw to the prime minister a few days ago. On Wednesday morning, the International Olympic Committee had announced a price cut of 60 paise per litre in petrol and 56 paise per litre in diesel, but later clarified that the fuel prices had been reduced merely by 1 paisa per litre . Read More »

Tesla Sedan In Autopilot Mode Hits Laguna Beach Police SUV


Sergeant Jim Cota, a public information officer for the Laguna Beach Police Department, posted photos of the incident's aftermath on Twitter. "Why do these vehicles keep doing that?" A Tesla also rammed into a fire truck on the scene of an accident in Culver City, Calif.in January, with the driver telling authorities that the vehicle was on autopilot at the time. Read More »

California rolls out digital license plates for $699


During the trial period, digital plates can only be used in up to 0.5 per cent of all cars registered in California , or around 175,000 vehicles. Drivers in California can now opt to have digital number plates fitted to their vehicles, but take up is expected to be low. Read More »

USA announces timeline for 25% tariff on Chinese tech products


With Commerce Secretary Wilbur Ross heading to China this weekend for the next round of negotiations, there is some doubt about the administration's ultimate objective: Is it trying to change the nature of China's economic system, or does it simply want to improve the trade balance between the two countries? The White House said Tuesday the tax will affect goods worth $50 billion and include products related to the Made in China 2025 program, a 2015 initiative promoting the country's ... Read More »

Oil prices could jump to $100 regardless of Russia & Saudi Arabia


US crude futures fell $1.15, or 1.7%, to $66.73 a barrel on the New York Mercantile Exchange in a fifth straight session of losses-their longest streak since February-as traders returned from the Memorial Day holiday. Volatility, a way of measuring demand for a derivative, on highly bearish Brent crude sell options that expire just after the meeting has shot to its highest since February. Read More »

JAB to Buy Sandwich Chain Pret A Manger From Bridgepoint


For Luxembourg-based purchaser JAB Holdings, the acquisition of a majority stake in Pret from private equity firm Bridgepoint and other minority investors is the latest in a multi-billion dollar series of takeovers created to expand its coffee and beverage empire. Read More »

Which Starbucks locations are closed for racial-bias training May 29?


Starbucks has put information about hours of its stores Tuesday on its website and mobile app. Closure hours due to the training are often posted along with hours for most licensed stores. Johnson said the real work is for employees to apply what they learn in their everyday lives. It also suggests that they consult colleagues to see if they agree the person is being disruptive. Read More »

Giuseppe Conte fails to form a government leaving Italy facing another election

The Italian president has now appointed Carlo Cottarelli , a pro-austerity economist formerly with the International Monetary Fund , to lead a technocrat government, ahead of likely fresh elections in the autumn. No time was given for the meeting. "Staying out of politics is a fair request because Mattarella wants to be sure that whatever the Cottarelli government does, it will not be as a way to further political ambitions", Ugo Arrigo, a professor of economic sciences and statistics at ... Read More »

Cheap petrol: Not a chance! Supermarkets raise fuel prices every day


Petrol price has been hiked by Rs 3.49 per litre since May 14 and diesel by Rs 3.13 a litre. In Bengaluru, one litre of petrol costs Rs 79.71. Petrol price has been hiked by Rs 3.80 a litre and diesel by Rs 3.38 in Delhi since state-owned oil firms ended a 19-day pre-Karnataka poll hiatus to resume daily price revision on May 14. Read More »