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Deutsche Bank suffers new setback with S&P downgrade


More notable recent Deutsche Bank Aktiengesellschaft (NYSE:DB) news were published by: which released: " Deutsche Bank: Truly Dreadful" on May 07, 2018, also with their article: "Deutsche Bank on FDIC problem bank list - FT; shares down nearly 5%" published on May 31, 2018, published: "International Employee Moral Day as Deutsche Bank Cuts 7000 Jobs" on May 25, 2018. Read More »

India's national carrier fails to attract buyers


Indigo wanted Air India's global operations but the government refused to carve up the carrier. Swadeshi Jagran Manch (SJM) National Co- convenor Ashwani Mahajan said solution lies in IPO and not strategic sale. Additionally, there were outlandish clauses that required purchasers to retain the Air India brand for a certain period of time. Some of the terms of the sale also deterred potential bidders. Read More »

No winning ticket for Friday night's $60M Lotto Max jackpot

No one won the jackpot, which means next Friday's draw (June 8) will offer a record-breaking $112 million in prizes, including the estimated $60-million jackpot and an estimated 52 MAXMILLIONS prizes of $1 million each. 2 Encore tickets worth $100,000 each, were sold in Toronto, London and Pembroke. Six Canadian Tire co-workers in Elliot Lake split a Maxmillions prize with a ticket sold in another province in December 2013. Read More »

Poundland's Response To Thameslink's Tweet Was Brutal


A rail firm that compared its poor service to chocolate from Poundland has been threatened with legal action by the discount chain. GTR runs Thameslink, Southern, Great Northern and the Gatwick Express. GTR said it expected disruption to ease "over the coming month", while Northern said it had commissioned a report to "ensure lessons are learned". Read More »

Samsonite CEO makes hasty exit after short-seller attack; shares surge


Blue Orca , which was launched last month by Texas-based short-seller Soren Aandahl, did not respond to a request for comment. A research report issued by US-based short-seller Blue Orca a week earlier said Tainwala had falsely claimed on his resume that he earned a doctorate degree in business administration from Union Institute and University in Cincinnati. Read More »

Vernon businesses ready for minimum wage hike: Chamber


Reuters reports the latest headlines from the Fair Work Commission, Australia's labor regulator, stating that it has raised the national minimum wage by 3.5 percent from July 1. Justice Ross said restraining wages for lower-paid workers could risk putting the brakes on growth in the broader economy. The wage hike is well below the $50 a week rise demanded by unions, but the commission said such a rise could have an impact on the employment prospects of the unemployed. Read More »

Prices rise on tighter supplies


The drawdown, along with concerns about further supply disruptions from Venezuela and renewed US sanctions against Iran , fuelled a recent rally in prices, driving benchmark Brent above $80 a barrel in May, to its highest since November 2014. Read More »

Russian Federation 95% compliant with OPEC+ oil output deal in May - energy minister


Brent for August settlement fell 47 cents to $77.12 a barrel on the London-based ICE Futures Europe exchange. Concern about USA bottlenecks is contributing to the decline in United States futures as well. The U.S. accounted for more than half of that decline, as U.S. crude oil and other liquids inventories decreased by 162 MMBbl over that period. "There's still the hangover from the report yesterday, the weekly number suggesting USA production is really strong and continuing to rip ... Read More »

GM Cruise self-driving vehicle company gets $2.25 billion investment


GM bought Cruise, a tech startup , just over two years ago for a reported $1 billion. The self-driving auto division of GM getting the investment is a separate company known as GM Cruise . Shares of GM rose 10.7 percent to $41.88 in morning trade. GM jumped the most since the vehicle maker's November 2010 IPO. "The ability of GM to put production to work and make this a success was the last piece of the due diligence". Read More »

Crackdown on high-interest lending announced by FCA


The UK's Financial Conduct Authority ( FCA ) has announced proposed changes that would alter the way banks interact with people who use overdrafts and high-cost credit. "The immediate reforms suggested by the regulator will save customers an estimated £140m a year while more "radical" changes such as the banning of fixed fees and ending distinctions around unarranged and arranged borrowing costs are being considered", he said. Read More »

ANZ bank to face criminal cartel charges


Citi "steadfastly" denied the allegations made against it, and Deutsche said it would "vigorously" defend the charges. The logo of the ANZ Banking Group is displayed in the window of a newly opened branch in central Sydney, Australia, Aprl 30, 2016. Read More »

Timetable chaos see trains axed across UK


In an attempt to improve reliability, the operator said that it would introduce an "interim timetable" on Monday. By 2pm on Friday, nearly one-in10 (9%) GTR trains were either cancelled or more than 30 minutes late. The timing of all GTR and most Northern trains was changed, but all the new journeys needed to be individually approved by Government-owned Network Rail , which is responsible for managing infrastructure. Read More »

Air New Zealand & Qantas to codeshare


A Qantas and Air New Zealand codeshare agreement is set to make domestic travel within the two countries easier. "Our relationship with Air New Zealand goes back nearly 80 years", reflected Qantas CEO Alan Joyce at a media briefing this morning. Read More »

Fair Work Commission increases minimum wage by 3.5%


The increase is nearly double the current industry rate but half what unions had lobbied for. The rise is less than half of what the ACTU pushed for - a record $50/per week pay increase. " Australia already had the second-highest national minimum wage in the world, and today's decision runs the risk of further harming the competitiveness of Australian businesses", Willox adds. Read More »

Chaos unfolds as VISA payment crashes across Europe


This incident is preventing some Visa transactions in Europe from being processed. A statement issued by the company this evening suggested it did not know the cause of the problem. One Facebook user described the "embarrassment" of being left unable to pay for shopping in Anagh Coar. The BBC posted a picture of a London supermarket worker standing outside holding a sign reading: "cash only". Read More »

Some US companies say Trump's tariffs are already hurting their business


Canada and Mexico have not been supportive of the idea, having said that it would remove economic security for businesses that are trying to comply with trade rules, The Post reported. As for the U.S.'s national security argument, Fox said, "In the case of the United Kingdom, we send steel to the USA that is vital to their defence industry; it is patently absurd ". Read More »

Fiat plans new 500e and 500 Giardiniera wagon


Notably absent were the marquee brands: Fiat and Chrysler , which both represent the less-profitable passenger cars now off consumers' radar, particularly in the United States, where Fiat Chrysler makes more most of its profits, but also in fast-growing China. Read More »

China stocks take step forward with MSCI nod


Some active funds have also been gradually raising their investment in Chinese shares over the past two months, anticipating an MSCI-related bounce in prices from June 1 and taking advantage of a drop in valuations. The Index consists of stocks traded primarily on the Milan Stock Exchange. "MSCI's inclusion of A shares to its indices is a defining moment in the internationalisation of Mainland China's capital market, but this is just the beginning", said HKEX Chief Executive Charles Li. Read More »

Woodmac comments on Petronas joining LNG Canada project


After the deal is closed in the next few months, the partnership will include Shell with 40 per cent; Petronas-owned North Montney LNG Limited Partnership, 25 per cent; PetroChina Canada Ltd., 15 per cent; Mitsubishi Corp. Wan Zulkiflee said Petronas is in Canada for the long term and it is exploring a number of business opportunities that will allow it to increase its production and accelerate the monetisation of its resources in North Montney. Read More »

Pentagon project causing "existential crisis" within Google

Google Cloud CEO Diane Greene reportedly announced the decision on Friday during a weekly internal meeting. Google plans to honor what is left of its subcontract on Project Maven , the person said . Staff have petitioned against it, resigned in protest , flooded message boards, and confronted senior management in fractious meetings. Project Maven was Google's first major contract with Pentagon after which the company was eyeing for bigger contracts with intelligence agencies. Read More »

Trump tweets about job report victory - so why are people angry?


Donald Trump broke with years of protocol on Friday, commenting on the US's latest jobs report an hour before its official release. The Trump administration is examining ways USA industries could hire more immigrant workers on a temporary basis, White House economic adviser Larry Kudlow said on Friday, as data showed the United States unemployment rate at an 18-year low. Read More »

Hotel valet drives Porsche Carrera Cabriolet under a Subaru


Emergency workers cut the valet driver out from the Porsche as a large crowd watched, according to local media. A third auto was also damaged after it was pushed into some nearby bollards. The hotel insurance is expected to cover the cost of the damage. "I saw the valet hit the vehicle in front from a parked position", said Jonathan Bouzaid , who watched events unfold and posted photos to Instagram . Read More »

Singapore Airlines to launch world's longest flight


It is the world's first customer for the new A350-900ULR, an ultra-long range version of the fuel-efficient twin-engine A350 jet, and SIA expects the first aircraft to be delivered in September. Singapore Airlines' chief executive Goh Choon Phong said his airline had pushed the boundaries to provide the best possible travel convenience. SIA said it is the world's first customer for the new A350-900ULR, with seven on firm order with Airbus. Read More »

Southwest flight diverts after passenger allegedly smokes in lavatory


A smoking passenger forced a Southwest Airlines flight to make an emergency landing at San Jose International Airport on Wednesday afternoon, the airline said. The unidentified man lit up in the restroom and set off a smoke alarm, say multiple passengers. Airport spokeswoman Stephanie Montuya-Morisky said that while JetBlue announced it was cutting its number of daily flights at Long Beach by 11 to 24, that airline has not officially relinquished its flight slots. Read More »

Vermont paying $10,000 to move there and work from home


Governor Phil Scott signed a bill into law on Thursday saying that the state will pay people who move to Vermont and work for a company out-of-state a total of $10,000 over two years. To be eligible, a worker must be a full-time employee of a business located outside Vermont, must work primarily from home or a co-working space in Vermont, and must become a full-time resident of the state on or after January 1, 2019. Read More »

What Led to the Ouster of Spain’s Prime Minister?


Sanchez is set to become Spain's seventh prime minister since the country returned to democracy in the late 1970's. Rajoy's no-confidence vote in parliament was prompted by a corruption trial that has involved multiple members of his center-right party, and his departure puts Spain into a precarious political landscape, according to NBC News . Read More »

Ticketfly Goes Offline Following Hack Attack


Out of an abundance of caution, we have taken all Ticketfly systems temporarily offline as we continue to look into the issue. We are working to bring our systems back online as soon as possible. The attacker demanded TicketFly pay 1 bitcoin to fix the cyberattack, which is now worth $7,544. The files include CVS spreadsheets "containing what appear to be personal details of Ticketfly customers and employees, including names, home and email addresses, and phone numbers". Read More »

Warren Buffet reportedly offered Uber a $3 billion investment


Buffett was proposing similarly favorable terms for an investment in Uber . The company has already secured some very lucrative deals to help finance its future ambitions, including scoring a $1.25 billion direct investment by the independent financier SoftBank Group, Inc. Read More »

Syracuse taxi drivers ask for level playing field with Uber, Lyft competition


The drivers - who are classified as independent contractors rather than employees - overwhelmingly said they want to negotiate the conditions of their contract with Uber and Lyft. The city is also seeking documentation showing how the companies classify the employment status of those drivers. Uber and Lyft have remained steadfast in their stance that they give drivers flexibility and neither has budged on the matter of fares, although both have recently made concessions to sweeten the deal ... Read More »

U.S. unemployment falls to 3.8% in May, lowest in 18 years

Unemployment rate fell to its lowest level in 18 years in May as hiring was far stronger than expected and the size of the workforce continued to shrink, the US government said Friday. Stocks on Wall Street were trading higher. "And if this tweet is conveying inside information about a particularly good jobs number you should never get them in advance from the Council of Economic Advisers again", he wrote on Twitter . Read More »

Canada's Justin Trudeau says NAFTA talks broke down after Pence made ultimatum


The Canadian leader told Trump in a phone call he would not sign an agreement with such a "sunset clause". Pence called Trudeau back on Tuesday "to discuss ongoing negotiations". In 2011, Mexico successfully used a similar list of mostly agricultural products to push Washington into letting Mexican truckers on USA highways. "I like free trade", he told reporters. Read More »

Deutsche Bank on USA 'troubled' list

This afternoon S&P Global Ratings cut the lender's credit rating to BBB+, the third lowest investment grade rating because " Deutsche Bank's updated strategy envisages a deeper restructuring of the business model than we previously expected". Read More »

Channel 4 reveals shortlisted cities for new national HQ and creative hubs


We are a city which reflects the diversity of the United Kingdom and the globe, with a commitment to inclusion, stretching from our grassroots organisations to the top of political leadership. Sir Richard Leese, leader of Manchester City Council, said: "As an established broadcasting centre with a flourishing creative industry sector and a supply of highly-skilled graduates from our city's universities, we believe we have the ingredients in place not just to support the relocation of a major ... Read More »