Friday, 16 November 2018
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Thousands of whiskey barrels crash to ground after building collapse


Another angle of the warehouse collapse in Bardstown, Ky . The Barton 1792 Distillery building partially collapsed shortly before 11a on Friday morning. The Distillery team took proactive measures to access and contain the damage immediately. We believe no more than half of the barrels inside are impacted; we are assessing how numerous impacted barrels can be recovered. Read More »

Merkel downplays prospect of Brussels breakthrough on migration


Schaeuble said Merkel would have no choice but to fire Seehofer if he defied her orders. Chancellor Angela Merkel's agreement with French President Emmanuel Macron on euro zone reforms does not violate the coalition agreement, as some Bavarian conservatives have claimed, a top aide to the German leader said . Read More »

Rats eat $19,000 in ATM in India


Police say at least one rat slipped through a hole in the back of an ATM in northeastern India and started eating. Images showed an upended ATM filled with torn and shredded 500 and 2000 rupee bills. The rat was not detected in the machine's closed-circuit security camera, he said. However, police did not find footage of a rat entering a machine after inspecting the surveillance camera, Sharma told Reuters . Read More »

Bank of England brings forward potential timing of QE bond sell-off


Britain's top share index fell on Thursday as sterling bounced from seven-month lows following a Bank of England policy vote that bolstered expectations of a rate hike in August. On Wednesday, the Pound to New Zealand Dollar exchange rate opened in the region of 1.9081 and closed higher at 1.9178. "August would be too much of a gamble and (we) see November as the next best opportunity for a hike, assuming data strengthens more than we expect and that Brexit remains free of major ... Read More »

Key elements of euro zone debt relief for Greece


European creditors will probably grant frontloaded debt relief to Greece by using the funds left over in the third bailout to buy out part of the IMF loans, said Miranda Xafa, senior fellow at the Centre for International Governance Innovation. Read More »

National Take Your Dog to Work Day


Jo Amit founder of Bring Your Dog To Work Day said: "We're really grateful that Fish4Dogs is supporting Bring Your Dog To Work Day". According to Wellness Natural Pet Foods , 37 percent of Americans would sacrifice benefits, including vacation time, for a dog-friendly work place. Read More »

Anti-Brexit campaigners descend on London to demand second referendum

Meanwhile his Cabinet colleague Liam Fox warned the United Kingdom was not "bluffing" about being prepared to walk away from talks with Brussels. Former Liberal Democrat leader Nick Clegg said: "There's a growing momentum saying, "after two years, that's long enough to have given the Brexiteers their chance, let's now make sure that the people have their say, that there's a people's vote when a final deal is struck". Read More »

Iran says OPEC, allies to increase oil output by 500,000 bpd


Crude oil hit $73.98 a barrel on Brent exchange on Friday. That's because some OPEC members would be unable to sufficiently ramp up crude production. These have been the key drivers behind supply/demand dynamics since the global economic recovery commenced a decade ago. How that translates into effective production increases is uncertain, as some OPEC countries can not easily ramp up production. Read More »

Canada Has Just Passed a Landmark Bill Legalizing Recreational Marijuana


Implementation could take eight to 12 weeks following Royal Assent, meaning Canadians will be able to legally purchase cannabis by September at the earliest. The adoption in the Senate of Bill C-45, the Cannabis Act , means that a legal, multibillion-dollar industry is set to appear in Canada, which will join Uruguay as one of the few countries where cannabis is legal nationwide. Read More »

Auto trade group decries Trump's tariff threat


At a hearing this week, Senator Orrin Hatch, a Republican from Utah, said he was "stunned" that the Trump administration was investigating the national security risk of vehicle imports, which is estimated to affect about $200bn worth of imports. Read More »

Supreme Court Ruling Opens Door to Online Sales Tax


In his majority opinion Thursday, Justice Anthony Kennedy cited the expansion of internet commerce since the court's 1992 decision, noting national mail-order sales totaled $180 billion at that point, compared to $453.5 billion in online sales in 2017, according to the U.S. Read More »

OPEC strives for oil deal


But a decision to increase output could be taken with Iran refusing to sign up, as has happened before in OPEC . The accord is a much-needed show of unity after Iranian oil minister Bijan Namdar Zanganeh walked out of a meeting on Thursday evening, predicting that Opec wouldn't be able to convince him to back an increase. Read More »

Elon Musk has it out with suspected Tesla saboteur


Asked if Tripp was the employee Musk had suggested was behind the sabotage , Musk tweeted Wednesday, "There is more, but the actions of a few bad apples will not stop Tesla from reaching its goals". Tesla claims that these breaches have resulted in "damages including, but not limited to, damages reflecting lost business, lost profits, and damage to its goodwill, in amounts to be proven at trial". Read More »

National Highway Traffic Safety Administration orders company to stop selling ‘Autopilot Buddy’


We recently told you about a little thing called Autopilot Buddy , a product marketed as a "nag reduction device" for Tesla's semi-autonomous system. The auto will still steer and maintain its position within the lane by itself but, for safety, the driver's hands are supposed to be on the wheel. While I agree that Tesla needs to figure out less annoying ways to make sure drivers are keeping attention when using Autopilot, I don't think that bypassing the only way that they now have with a ... Read More »

Airbus warns no-deal Brexit threatens its United Kingdom future

European Union citizens with settled status or pre-settled status will enjoy the same access to United Kingdom healthcare, pensions and other benefits as they do now, the government said. Responding to the latest plans, Maike Bohn, the founder of Brexit pressure group 3million, said: 'We want the United Kingdom government to remove all barriers preventing European Union citizens to live a normal life, as before Brexit. Read More »

European Union tariffs target United States goods from motorbikes to jeans


China has said it would impose additional tariffs on 659 USA goods, with duties on 545 to kick in on July 6, after Trump said Washington would levy tariffs on $50 billion of Chinese products. Canada has announced it will impose retaliatory tariffs on C$16.6 billion (RM50 billion) worth of USA exports from July 1. European steel producers are concerned about a loss of market access but also that steel from elsewhere will flood in. Read More »

Personal tax cut up for debate


The opposition doesn't support further reductions due in 2022 and 2024. The competing tax plans triggered a political row over "aspiration" after the government on Tuesday seized on a remark by Labor deputy leader Tanya Plibersek that the term "mystifies" her. Read More »

DS Kulkarni scam: Pune police arrest top Bank of Maharashtra officials


Along with them, police has also arrested Kulkarni's chartered accountant Sunil Ghatpande and Rajiv Newaskar, the vice president of engineering department of the DSK group . At least five FIRs across Pune , Mumbai and Kolhapur have been lodged against the developer and his family since October 28 previous year, with more than 3,000 investors filing cheating complaints against Mr. Read More »

Government reassures European Union citizens over right to remain


The company, which makes wings for its passenger planes in the United Kingdom, also said the current planned transition period which is due to end in December 2020 was too short for it to make changes to its supply chain. If Britain crashes out of the European Union next year without a transition deal in place, Airbus ( EADSF ) says the outcome would be "catastrophic", throwing its production into chaos and threatening its future in the country. Read More »

Iran signals compromise for modest rise in OPEC oil output

India, the world's third-biggest oil consumer and importer, on Wednesday urged Opec nations to fill a supply gap and ensure sustainable oil prices as politics affect the output of some producers. Zanganeh was due to attend a ministerial committee on Thursday, two sources said. Other OPEC-members, including Iran, have opposed this, resulting in a flurry of backdoor diplomacy ahead of the meeting, which starts on Friday. Read More »

In Tit-For-Tat, India Hikes Import Duties On US Agri Products


India had sought to be exempt from the new US tariffs on steel and aluminum, arguing its exports were small in comparison with other countries', but got nowhere. Flat rolled products of iron would now attract 27.50 per cent duty as against 15 per cent earlier, while certain flat rolled products on stainless steel has been increased to 22.50 per cent from 15 per cent earlier. Read More »

Bank of England moves closer to August interest rate rise


A rate hike in August is on the cards. Ian McCafferty and Michael Saunders were the other two members on the nine-member rate-setting panel who favoured a rate rise. "Economists had expected a 7-2 split, but in the event a forecast uptick in inflation was enough to split the committee 6-3". Should the Bank of England raise rates this summer? 'Sterling jumped on the news, gaining nearly a cent against the dollar as traders factored in a bigger chance of a move in August. Read More »

Who and what are behind Germany's govt crisis?


Merkel is locked in a standoff with her interior minister, Horst Seehofer, over his demand for some asylum-seekers to be turned back at the border. French President Emmanuel Macron heads to Germany on Tuesday seeking progress with Chancellor Angela Merkel on elusive eurozone reforms, but the deepening European Union rifts over migration threaten to dominate an already daunting agenda. Read More »

National & World News, World markets lower over tariffs, German tensions


China "doesn't want a trade war " but has to "fight back strongly", said a Commerce Ministry statement. China threatened to retaliate, leading Trump to propose broader penalties. Washington rescinded a ban on sales of USA technology to ZTE after the company agreed to pay a $1 billion fine and hire American-picked compliance managers. Read More »

Audi CEO arrested in diesel emissions probe


Rupert Stadler was arrested as part of a German investigation into claims that Audi has cheated on diesel emissions tests. Prosecutors said they feared Stadler might seek to suppress evidence in connection with a diesel emissions probe , prompting his arrest. Read More »

European Union to impose countertariffs on USA products as of Friday

The tariffs are in response to US President Donald Trump's tariff hikes on imports from the EU, Canada and Mexico . The Commission formally adopted a law putting in place the duties on 2.8 billion euros ($3.2 billion) worth of US goods, including steel and aluminum products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motor-bikes. Read More »

More problems for Telstra network


Thousands of customers on mobile reseller services using Telstra's network were affected by outages from Monday night, with a Telstra spokesperson saying most problems had been resolved by Tuesday afternoon. Telstra said the majority of the services have now been restored. It comes a month after Telstra's 3G and 4G mobile networks collapsed, affecting businesses and major banks. Read More »

Burger King apologizes for Whoppers-for-babies World Cup promotion


An image of the alleged victim holding up two fingers to indicate how much she had to drink at the party - just a little bit - had become an internet meme. Earlier this month, a female Russian politician urged local women not to have sex with foreigners during the World Cup , warning against biracial babies. Read More »

Amazon's Alexa is coming to a hotel room near you


Regis Hotels & Resorts, Aloft Hotels, and Autograph Collection Hotels this summer. Alexa for hospitality would assist in providing services ranging from ordering room service to requesting housekeeping or calling the concierge for dinner recommendations without picking up the phone. Read More »