Finance

Canada Rejects U.S. Push To Replace NAFTA With Bilateral Trade Deal

In talks in Beijing over the weekend, China offered to buy close to $70 billion in US agriculture, energy and manufacturing products over a year as part of a package meant to ward off USA tariffs, according to a person briefed on the talks with the White House. [Full Article...]

RBI raises repo rate to 6.25%, reverse repo rate to 6%

RBI raises repo rate to 6.25%, reverse repo rate to 6% It expects CPI inflation for financial year 2018-19 to be at 4.8 percent to 4.9 percent in H1 (the first six months of the financial year) and 4.7 per cent in H2, including the HRA impact for central government employees. We don't see further strengthening of inflationary forces, but we see some weakening of growth parameters. This was its first hike in four-and-half-years. [Full Article...]

Oil rises on expected stockpile drop

Oil rises on expected stockpile drop It's not clear precisely how the request was communicated. WTIUSD continues to trade at $65 per barrel as US Oil imports in the Middle East saw a huge spike post-Brent to WTI price discount. Any increase in production by Russian Federation and Saudi Arabia , according to Meyer, would likely meet with an increase in exports by the United States which, with its production of shale oil, is expec... [Full Article...]

IHOP changing name to IHOb

IHOP changing name to IHOb According to Monday's tweet , the company is changing the "P" to a "B". However, these theories don't hold much water as an IHOP representative told the New York Post that the company is serious about the name change. IHOP parent Dine Brands Global, based in Glendale, Calif., changed its name from Dine Equity in February. Some guessed at what the acronym "IHOb" stood for, while others took the ... [Full Article...]

DNA testing service MyHeritage says 92 million customer email addresses were exposed

DNA testing service MyHeritage says 92 million customer email addresses were exposed The company said that it seems as though email addresses were the only data affected and no evidence suggests that the data was used for any nefarious objective. MyHeritage's statement claims that this would be very challenging, assuring users that, unlike their email addresses and passwords, the genetic data the company collects is hidden away behind 'added layers of security'. [Full Article...]

Elon Musk remains chairman of Tesla's board of directors

Elon Musk remains chairman of Tesla's board of directors Mr. Musk repeated past statements that the company won't need to raise cash. "This is no longer an innovation problem, this is an execution at scale problem - unless Tesla wants to be a niche innovator chasing profitability and sucking up cash", Blank said. [Full Article...]

Google won’t renew Pentagon AI project after employees protest

Google won’t renew Pentagon AI project after employees protest Earlier this year, an internal Google email leaked with news that the company had partnered with the Department of Defense on a surveillance program known as Project Maven . Google representatives did not respond to a request for comment. Over 3,100 Google employees protested in April for this. Leaked internal emails also revealed that Google tried to hide the scope of its dealings with t... [Full Article...]

Trump considering separate trade deals with Canada, Mexico: Kudlow

Trump considering separate trade deals with Canada, Mexico: Kudlow Trade Representative Robert Lighthizer, who has been running the NAFTA negotiations, have both said that the U.S. should pursue bilateral rather than multilateral trade agreements. "Canada is a different country than Mexico, they have different problems and you know, he's believed that bilateral has always been better", Kudlow said of the president. [Full Article...]

Canada mulls aid for steel, aluminum industry after US tariffs

Canada mulls aid for steel, aluminum industry after US tariffs Donald Trump has said the steel tariffs will protect United States steelmakers, which he says are vital to national security. Canada retaliated against the steel and aluminum tariffs by proposing tariff on C$16.6 billion worth of US exports and said it would challenge the USA move through the North American Free Trade Agreement and the World Trade Organization. [Full Article...]

Ministers clear 21st Century Fox to buy Sky

Ministers clear 21st Century Fox to buy Sky Sky is known in Europe for its live football (soccer in the US) broadcasts as well as for premium content such as HBO's "Game of Thrones" and in-house productions such as "Fortitude" and "Britannia". Fox's bid, however, would require a divestment. "As a result, I have asked my officials to begin immediate discussions with the parties to finalise the details with a view to agreeing an acceptable ... [Full Article...]

Only a man can run an airline, says Qatar boss

Only a man can run an airline, says Qatar boss The Qatar Airways boss later defended the carrier, saying it was the first Middle Eastern airline to have a female pilot and that other women were in senior roles. Many female pilots in the USA have pointed out the lack of paid maternity leave or alternative ground assignments for new mothers as obstacles. We see that they have huge potential in doing senior management positions. [Full Article...]

American Airlines flight from San Antonio makes emergency landing in El Paso

American Airlines flight from San Antonio makes emergency landing in El Paso According a spokesman for American Airlines , the plane was in the air for approximately two hours before making an emergency landing. Turbulence was severe enough that some passengers vomited. "... I'm just glad we're on the ground". He said the engines, including the fan blades, were not damaged. American Airlines said in a statement, "We commend the great work of our pilots, along with o... [Full Article...]

Koch network planning major campaign against Trump’s tariffs

In a 30-minute call that Downing Street described as "constructive", the two leaders agreed to discuss the issue further at the G7 summit in Canada later this week. The shadow worldwide trade secretary, Barry Gardiner, said the issue must be given a formal place on the agenda at the forthcoming G7 summit in Canada. [Full Article...]

Drivers hit by biggest petrol price rise for 18 years

Drivers hit by biggest petrol price rise for 18 years Unleaded shot up from 123.43p to 129.41p, taking the cost of filling up a 55-litre family vehicle to £71.18 - an increase of £3.29 in just one month. As well as the higher global market price of crude, the pound's current weakness against the USA dollar also makes petrol more expensive as oil is traded in dollars. [Full Article...]

Apple WWDC 2018 Keynote Begins

Apple WWDC 2018 Keynote Begins For example , the Tile app can be integrated into Siri so you can say "I lost my keys" and have Siri communicate with Tile to locate them. "With tvOS 12 , Apple further simplifies the authentication process with zero sign-on". Its technology has simply fallen behind, and after a tepid response to its HomePod smart speaker, Apple has been working to fix Siri . So for example , if you a... [Full Article...]

Petrol prices cut for 7th straight day on lower crude, stronger rupee

Petrol prices cut for 7th straight day on lower crude, stronger rupee According to the department, the average global product prices of petrol and diesel and illuminating paraffin increased during the period under review. On a weekly basis, it appreciated by 72 paise to close at 67.06 against the United States dollar from its previous week's close of 67.78 per greenback. [Full Article...]

Starbucks to close stores for racial-bias training on Tuesday

Starbucks to close stores for racial-bias training on Tuesday Video of the arrests were posted on social media, triggering protests, boycott threats and debate over racial profiling, or what's been dubbed "retail racism". She hopes Starbucks will inspire other companies to start conversations with their employees about race, though she noted that customers also need to speak up about injustice. [Full Article...]

Italian turmoil hits global markets, sending stocks plunging

Italian turmoil hits global markets, sending stocks plunging But the past two days have seen some stability with the euro recouping its losses thanks in part to renewed efforts to form a government and avoid new elections , ending three months of political turmoil. " Uncertainty and the unknowns themselves affect the real economy", said Levine, of Bank of New York Mellon. The broader Topix was down 1.46 percent as 32 of its 33 subindexes finished lower. [Full Article...]

Howard Schultz to Step Down as Starbucks' Executive Chairman

Howard Schultz to Step Down as Starbucks' Executive Chairman Howard Schultz announced Monday that he will no longer serve as the executive chairman of Starbucks. Over the course of his career at Starbucks, the company grew from a handful of stores to an worldwide behemoth with 28,000 locations around the world. [Full Article...]

Apple WWDC event: What to expect?

These benefits will also come to newer phones too, so it should be increased performance all around. Phone addiction is a big deal lately, and Apple has heard this loud and clear: iOS 12 will include a handful of new features to help with phone addiction. [Full Article...]


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