Saturday, 20 April 2019
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1 deputy killed, 1 critical in shooting in Kansas, sheriff says


A sheriff's deputy was killed and another is in critical condition after both were shot Friday morning in Kansas City, Kansas, while taking inmates to a hearing, KMBC-TV reported . "Today's bad events in Kansas City bitterly remind us once again of the dangers and sacrifices faced every day by law enforcement officers throughout our state and nation", Kansas Attorney General Derek Schmidt said. Read More »

Amazon head tax reversed


A divided crowd chanted, jeered and booed at the council meeting, drowning out the leaders as they cast a 7-2 vote. Councilmembers Lorena Gonzalez, Lisa Herbold and Mike O'Brien expressed regret over the vote, but said that the opposition, funded by the very businesses that they meant to tax, had waged a campaign against the measure so effective that it could not be overcome by the public vote in November. Read More »

Pimlico Plumbers loses appeal - industry and legal comments


Today's ruling means that an employment tribunal can proceed with looking into Smith's action against Pimlico Plumbers as a worker, including a claim that he was unfairly dismissed. "Even with a high level decision like this, to a degree the issue of employment status in the gig economy is up in the air". Susannah Kintish, an employment specialist at the law firm Mishcon de Reya, said that the case highlights the need for the government to bring forward legislation to help businesses clarify ... Read More »

Theranos founder Elizabeth Holmes charged with fraud


Holmes agreed in March to settle "massive fraud" charges with the Securities and Exchange Commission under which she was barred from serving as an officer or director of a public company for 10 years. Starting in 2013, the Justice Department's indictment alleges, Holmes and Balwani started making grand claims about the company and its technology to investors that were false or misleading. Read More »

Trump announces tariffs on $50 billion in Chinese imports


China plans to impose tariff measures of similar size and intensity in its bid to fight back against the United States, as the world's two largest economies engage in a bitter trade dispute. China chooses the first. When we lose hundreds of billions of dollars in intellectual property theft, not only China but others, we have to stop it. "We're going into an OPEC meeting where everyone is talking about raising production - the only question is by how much", said Bob Yawger, director, energy ... Read More »

McDonald's to ditch plastic straws in UK, Ireland

McDonald's Corp . will start rolling out paper straws in the United Kingdom and Ireland, with plans to phase out the plastic variety in all 1,361 locations there in 2019. Later this year, McDonald's will begin testing alternatives in some restaurants in the United States, France, Sweden, Norway and Australia. Those locations now use 1.8 million plastic straws per day. Read More »

OPEC likely to agree production increase next week


Oil extended declines as Russian Federation was said to increase output before it meets with OPEC, adding to signs that a global coalition of producers is unwinding a pact to restrain supply. The Islamic Republic - and Venezuela - have written to OPEC members urging them to unite against American sanctions, while Iran also complained that "fellow ministers" had tried to speak on behalf of the entire group, which is required to operate by consensus. Read More »

SEC announces cryptocurrency ether is not a security


It has fallen more than 60 percent since its peak in January. Hinman said that the SEC will not be changing cryptocurrency and digital asset rules, but rather would be applying them. The regulatory status of cryptocurrencies has come into question as numerous cryptocurrency projects have sought funding with so-called initial coin offerings , an approach some have compared to initial public offerings of corporate stock. Read More »

Donald Trump to impose tariffs on China


Today, three hours before the polls closed , President Trump came out against Sanford , calling him "nothing but trouble". Behar agreed, saying that if primary candidates dared to "speak against the king, Donald Trump , then he will screw with you, and he will tweet something against you". Read More »

Microsoft may be aiming for Amazon with cashier-less shopping technology


Amazon may be facing new competition from Microsoft on its cashierless, automated store technology, according to a new report from Reuters out this morning. Some have tested programs where customers scan and bag each item as they shop, with mixed results. It is not clear how soon Microsoft would bring an automated checkout service to market or whether its product would satisfy retailers. Read More »

Rents pricing out minimum-wage workers across the US, report says


Hoover over each state to see how much you would need to earn to afford a modest apartment. What do you get when you combine minimum wage with increasing apartment rents ? "This is a crisis that's not only affecting the most impoverished people", said Daniel Cooperman, program director for Bay Area Community Services, "but it's folks that have lived generation after generation in this area and are now being displaced". Read More »

Is Said to Win Chicago High-Speed Train Bid


Instead of standard 28 feet one-lane tunnels , Boring says by reducing the diameter to 14 feet it can reduce tunneling costs by three to four times. Today, Mayor Rahm Emanuel confirmed that Musk's latest startup was chosen. The Boring Company previously released video of a very similar project planned in Los Angeles , with the goal of taking passengers from downtown to LAX in just 8 minutes. Read More »

Germany orders recall of 774,000 Daimler cars in Europe over emissions


Earlier, in February BMW has recalled 12,000 diesel vehicles and Porsche recalled 60,000 vehicles in May. In a report uncovered by Reuters , a local news source found that the country's Federal Motor Transport Authority (known as the Kraftfahrt-Bundesamt, or KBA ) discovered five "illegal switch-off devices" on Daimler vehicles. Read More »

Tesla software upgrade leads to full autonomy


Tesla's COPV solution for the performance model of Tesla Roadster will pump air from the car's battery and will refuel the system automatically, so it'll still technically be all-electric. It already has a couple different sedans in the Model S and Model 3 , along with the Model X SUV. It's clearly the best looking auto Musk's company has ever made. Read More »

Inflation drops for 16th consecutive month to 11.61%

In rural areas, retail inflation stood at 4.72% in May, compared to 4.67% in April. The committee which sets interest rates at the Bank of England will consider the latest inflation figures when it meets next month. This rise in the index was caused by increases in prices of Potatoes, yam and other tubers, Vegetables, Fish, Bread and cereals, Fruits and Meat. The spike in inflation also came on back of fuel prices after global oil prices hit a 3-1/2-year high last month, led by increasing ... Read More »

VW Agrees to $1.2 Billion Fine as Diesel Crisis Grinds On


The fine is among the largest imposed on a company in Germany's history, according to the prosecutor in the case, and it shows that the German automaker is still dealing with the fallout from a persistent pattern of lying to regulators. Also happening this week is German prosecutors widening its emissions cheating probe to include Audi and its Chief Executive Rupert Stadler. This had led to 10.7 million cars "being advertised, sold to customers and placed on the market with an ... Read More »

Trump renews his criticism of OPEC for 'too high' oil prices

Prices were pulled down by another rise in USA oil production C-OUT-T-EIA, which hit a weekly record of 10.9 million barrels per day (bpd) last week, according to the Energy Information Administration (EIA) on Wednesday. oil production has more than doubled in the past decade, including a 19 percent increase since OPEC's limits took effect in January 2017, according to the U.S. Read More »

Fed raises key rate and sees possible acceleration in hikes


The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the USA central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. The central bank is aiming to keep record low unemployment and a glut of federal spending from pushing inflation beyond the Fed's 2 percent target. Should the Fed's expectations prove accurate, its policy would then be meant to slow the economy. Read More »

Bitcoin crash accelerates as Tether fingered


In the last 24 hours, bitcoin has fallen almost seven percent, according to CoinMarketCap. Price manipulation and collusion may be to blame. "Overall, our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies". Read More »

More than 900 rescued refugees arrive in Sicily

Luigi Di Maio, leader of the Five Star Movement (M5S) that makes up Italy's new government alongside the League, minister of labour and, with Salvini, joint deputy prime minister, said that it was "embarrassing" that France "preached to us" as Italy is asking its European partners to share duties with Italy. Read More »

Wetherspoon is going through some dramatic changes because of Brexit


Spoons chairman Tim Martin - a strong Brexit supporter - said: "This move helps us to broaden our horizons so we create an improved offer for the two million customers who visit our pubs each week". Kopparberg has confirmed that it will be producing its cider in the United Kingdom post-Brexit. Under the plan, British wheat beer and alcohol-free beer will replace the current beers brewed in Germany. Read More »

Donald Trump says North Korea 'no longer' a nuclear threat


After arriving back in the United States , the president also tweeted that "everybody can now feel much safer". People look at the display of local newspaper reporting the meeting between North Korean leader Kim Jong Un and U.S. "We're hopeful that we can achieve that in, what was it, the next two and half years", Pompeo said Wednesday. But at his post-summit news conference, the USA president described them as "very provocative". Read More »

Federal Reserve raises interest rates


As expected, policymakers at the central bank hiked the benchmark federal funds rate by a quarter percentage point. It was the Fed's seventh rate increase since it began tightening credit in 2015, and it followed an increase in March this year. Read More »

White House aide apologises over ‘special place in hell’ comment


The two-day 44th G7 summit ended on Saturday. But he acknowledges that Trump might not realize he's jeopardizing by triggering a series of tariffs and counter-tariffs with Canada. In a series of angry tweets, Trump called Trudeau "very dishonest and weak " and said the USA won't be taken advantage of. "Very disappointing and childish and unprofessional behavior [from Trudeau]", Gorka said while on Fox & Friends on Monday. Read More »

Uber driver who booted 2 kissing women has licence suspended


Shortly afterwards the taxi driver, Ahmad El Boutari, pulled over and said: "I don't want to argue with you, just get out of my auto. I did what I believe is my freedom", he said. Iovine said she has yet to receive a response from Uber, adding: 'Getting this out there, getting a refund and getting an apology is all I want right now'. Read More »

Oil Prices Inch Lower After API Reports Crude, Gasoline Build

US light crude was 20 cents lower at $66.16. The IEA meanwhile warned that whatever the outcome of the meeting, "the market will be finely balanced next year, and vulnerable to prices rising higher in the event of further disruption". OPEC, a group of 14 oil-producing nations, is expected to meet again later this month. "Unofficial sources have said that Russian Federation will propose to return production back to the October 2016 (level), i.e. Read More »

Dixons Carphone reveals it has uncovered unauthorised access of customer’s data


However the hackers were able to access the personal data records of 1.2 million customers, with details such as names, addresses and email addresses all leaked. The company has launched an investigation into the incident and is said to be engaged with cyber security experts. "While Dixons has said that there is no evidence of fraud taking place, now the data is in the criminal sphere, it's unlikely to be long before it starts being shopped around amongst criminals, with ensuing phishing ... Read More »

Tesla laying off 9 percent of workforce


The move follows Tesla starting a brutal review of contractors and firing everyone that is not vouched for by an employee last month. While the CEO has steadfastly ruled out the need to raise more money this year, the company has about $1.2-billion in convertible bonds maturing through to early 2019. Read More »

N-Out Texas locations temporarily close


Since we don't have an In-N-Out Burger in Wichita Falls this will not affect us. "We made a decision to close all of our Texas stores until we are confident that we can serve our normal high quality bun". We chose to close all of our Texas stores until we are confident that we can serve our normal high quality bun. In-N-Out now has 37 restaurants in the state of Texas, which is notably the easternmost state where it operates. Read More »

Uber and Lyft looking to start offering electric scooter services


The ride-hailing company recently applied for a permit to join the city's pilot program in an attempt to cash in on the e-scooter craze. The number of scooters is also limited to 1,250 in the first six months. The number of permits could double in the program's remaining six months. Preference will be given to companies that can ensure their customers properly ride and park the scooters on streets and sidewalks. Read More »