Finance

Flights: Qantas are trialling facial recognition software for passportless check

Flights: Qantas are trialling facial recognition software for passportless check Now only Qantas passengers on select global flights are able to make use of these systems during the trial. Tokens can be tracked at each point of a passenger's journey through the terminal, allowing Qantas, and other airlines that participate in the future, to see how many passengers for a flight have checked in or dropped off their luggage, been through security processing or are in the loun... [Full Article...]

Zuckerberg jumps ahead of Buffett to become third-richest person alive

Zuckerberg jumps ahead of Buffett to become third-richest person alive It's the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg's ascent to No. 3 underscores a sharp climb in Facebook shares since late March, when they was reeling following reports of a data-handling scandal with political consultant Cambridge Analytica . [Full Article...]

Sonos aims to ride 'Sonic Internet' to IPO success

Sonos aims to ride 'Sonic Internet' to IPO success The Santa Barbara, California-based company filed with an offering size of $100 million, a placeholder amount used to calculate fees that is likely to change. An Amazon Echo, left, and a Sonos One . A little over half of its fiscal 2017 revenue came from outside the US. Also of interest is Sonos' estimate that customers listen to roughly 70 hours of content per month. [Full Article...]

Oil prices fall as Trump urges OPEC to cut prices

Oil prices fall as Trump urges OPEC to cut prices U.S. President Trump continues to bash Saudi Arabia , in particular, and OPEC, in general, to raise production, which he believes will lead to lower prices. Healy Baumgardner, a global fossil fuel adviser and the former press secretary for the Energy Department under President George W. Bush, told UPI there are factors beyond Iran that are influencing the price of oil, notably the growing fears... [Full Article...]

United States tariffs on $34B Chinese imports take effect

United States tariffs on $34B Chinese imports take effect Beijing insists it's the injured party. "We will absolutely not fire the first shot , and we will not impose tariffs ahead of the U.S.", it said in a brief statement . States such as Louisiana export about $5.7bn of goods to China. In a paper published in May, the Peterson Institute for International Economics researchers described Trump's tariffs as an "own goal" because they fail to ... [Full Article...]

Man accused of tossing drink at pro-Trump teen inside Whataburger arrested

Man accused of tossing drink at pro-Trump teen inside Whataburger arrested He uses a number of expletives at the teens as he walks away, and as he leaves says, "This is going to go great in my f****** fireplace". They posted the video online to try to find the man, but it went viral, and now people are posting the address where they believe the attacker might live. [Full Article...]

Micron chip sales banned in China in patent dispute with Taiwan's UMC

Micron chip sales banned in China in patent dispute with Taiwan's UMC This led to the preliminary injunction, which would stop Micron from selling 26 products in China. Then, UMC counterpunched. In January this year, UMC filed a lawsuit against Micron in the court of Fuzhou City, China, demanding 270 million yuan (US$40.5 million) in compensation, claiming that Micron infringed upon its DRAM technology patents. [Full Article...]

Retaliatory Measures Against US Tariffs Already In Effect, Says China

Retaliatory Measures Against US Tariffs Already In Effect, Says China What tariffs are now in effect? Chinese stocks were down by midday on Friday and the yuan was also off against the dollar as United States tariffs on Chinese goods kicked in. I fought hard for them and ultimately they will not pay tariffs selling into the European Union , which has hurt us badly on trade, down to $151 Billion. [Full Article...]

US tariffs take effect, China warns of 'counterattack'

Tariffs on $34 billion of Chinese goods are scheduled to take effect at 12:01 a.m.in Washington , the U.S. Trade Representative confirmed in an email Thursday. "The United States has blatantly violated WTO rules", said Hu, the foreign ministry spokesman. Chinese exporters of tools, lighting and appliances say USA orders have shrunk as customers wait to see what will happen to prices. [Full Article...]

Hispanic Unemployment Falls to LOWEST LEVEL in US HISTORY — RECORD SMASHED

Major U.S. stock indexes were mostly higher Friday after the jobs report was issued, keeping the market on track for a weekly gain after two weeks of losses. And as is the case in most months, professional and business services as well as education and health services were the sectors that saw the largest increase in employment, with 50,000 and 54,000 jobs added in these sectors respectively. [Full Article...]

Trump Tariffs Against China Take Effect

Trump Tariffs Against China Take Effect A commodities trader in eastern Shandong province was told by customs at a major northern port that they have slowed the clearance of goods from the United States on Beijing's list. "[The US has started the] largest trade war in economic history". Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 a.m. [Full Article...]

Remainder of Barton bourbon storage house collapses

Remainder of Barton bourbon storage house collapses Spalding says the scene looks like "a mountain of bourbon barrels". Drainage pools dug after the first collapse contained all of the spilled bourbon, the distillery said, and officials from the state are looking to verify that. It is unknown how many barrels of bourbon can be salvaged. The warehouse was built in the 1940s. The Barton 1792 Distillery rackhouse held about 18,000 201-litre barrel... [Full Article...]

Canada tariffs on USA goods from ketchup to lawn mowers begin

Canada tariffs on USA goods from ketchup to lawn mowers begin Ottawa Mayor Jim Watson, federal NDP Leader Jagmeet Singh and interim Ontario Liberal leader John Fraser are among those giving the event a pass, citing trade tensions and ongoing concerns with the administration of U.S. The two discussed "mutually beneficial economic and trading relationship between the two countries, and their shared priority of updating the North American Free Trade Agreement... [Full Article...]

Peoples Bank of China officials verbally prop up yuan amid trade tensions

Peoples Bank of China officials verbally prop up yuan amid trade tensions Four traders told Reuters that major state-owned banks were seen swapping yuan for dollars in the forwards market and immediately selling some of them into spot market, which helped support the Chinese currency. RBA Governor Philip Lowe said "one uncertainty regarding the global outlook stems from the direction of worldwide trade policy in the United States", cautioning that the recent U.S. [Full Article...]

Defending champ 'Jaws' Chestnut sets record with 74 hot dogs

Defending champ 'Jaws' Chestnut sets record with 74 hot dogs Chestnut came back the next year and hit 70-dog mark. Overt displays of patriotism can leave us all a little queasy, and none more so than the Fourth Of July's grandest tradition: Nathan's Famous Hot Dog Eating Contest . What time does the Nathan's Hot Dog Eating Contest start? On the women's side, Miki Sudo won the Mustard Belt for the fifth straight year. Michelle Lesco, left, pose... [Full Article...]

Trump to OPEC: 'Reduce pricing now!'

Trump to OPEC: 'Reduce pricing now!' Prices have also increased due to the persisting US-backed troubles in Venezuela, as well as with the unrest in Libya over control of that country's oil infrastructure. In a tweet on Saturday, Trump said Saudi Arabia had agreed to increase oil output by up to 2 million barrels, an assertion that the White House rowed back on in a subsequent statement. [Full Article...]

Saudi Arabia says ready to pump more oil to balance market

Saudi Arabia says ready to pump more oil to balance market As we wrote back then, Saudi Arabia devised a plan to confuse oil traders and investors. "In the near-term, the level of OPEC production - deployment of spare capacity by Saudi Arabia, Iraq, UAE, Kuwait (and ex-OPEC by Russia), and involuntary disruptions in Libya, Venezuela, Iran - are more important drivers of crude prices", Goldman Sachs said in a note published late on Monday. [Full Article...]

Is Coinbase custody in safe hands?

Is Coinbase custody in safe hands? Coinbase plans to expand their services from the U.S. and Europe to Asia by EOY 2018, as well as adding additional features in the near future. The announcement, written by Sam McIngvale, product lead at Coinbase Custody , stated that Coinbase Custody accepted its first deposit last week before its official launch today. [Full Article...]

U.S. tries to block China Mobile's entry

U.S. tries to block China Mobile's entry The government of the USA moved to block telecommunications company China Mobile from offering its services to the telecommunications market in the US recommending the application it submitted by rejected due to the firm posing a risk to national security. [Full Article...]

Cabinet approves Rs 200 per quintal hike in MSP for paddy

Cabinet approves Rs 200 per quintal hike in MSP for paddy For the 2018-19 crop season, the MSP for paddy, the main crop planted during the ongoing kharif (summer) season, has been fixed at Rs 1,750 per quintal, 13% higher than a year ago. The last time paddy MSP was raised by any significant amount was in 2012-2013, when it was increased by Rs 170 a quintal. The increase, he said, will instil confidence in farmers . [Full Article...]


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