Finance
Tame inflation hits BoE rate hike hopes
The latest inflation figures come just 24 hours after the ONS showed United Kingdom employment hitting its highest level ever and wages continuing to rise steadily. Investors cut the probability of an August rate rise to 73 percent from 84 percent on Tuesday. The ONS's preferred measure of inflation which includes housing costs, CPIH, also remained steady, at an annual rate of 2.3 per cent. [Full Article...]
Blue Origin successfully tests escape system in latest New Shepard launch
These latest tests were also created to push the booster to its limit, which led to Blue Origin noting the potential they could lose the booster, not least during the focused testing on the escape system, centered around a solid motor firing for two seconds to fly the capsule free of a failing booster. [Full Article...]
Oregon State University Suspends Relations With Papa John's
The Wall Street Journal reported Tuesday that founder John Schnatter wrote in a letter to the board of Papa John's that the directors "asked me to step down as chairman without apparently doing any investigation". And he said senior leadership would visit key locations to hold "listening sessions" with employees to enable them to voice concerns. The email urged staffers to not respond to inqu... [Full Article...]
Theresa May braced for showdown with Brexit rebels
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Any vote on moving the break would take place on Wednesday. Friends have told i that Mr Johnson is still wrestling over when to go public with his fears about Brexit . But pro-European Tories have accused Mrs May of "caving in" to the party's Eurosceptic wing after the government agreed to their demands to change the wording of the Customs Bill, which is one of the key pieces of Brexit legislat... [Full Article...]
Netflix Shares Crash After New Subscriptions Fall Short of Expectations
The numbers came in just shy of those projections, with the company revealing on Monday that they added 5.15 million new customers - 4.47 million of which came from non-U.S. "We had a strong but not stellar Q2 (second quarter)", Netflix said in a letter to shareholders. "This isn't entirely surprising given rising competition in the video streaming market, where Amazon , Hulu, HBO and others ... [Full Article...]
US complains to World Trade Organisation over trade-tariff retaliation
Also, Beijing's "Made in China 2025" initiative, an ambitious plan to close the Asian giant's technology gap with the West, is viewed as exploitative by many in the EU. The two sides also agreed to establish a working group on WTO reforms. Hailing the significance of the EU-China comprehensive strategic cooperation, Tusk and Juncker expressed their gratitude for China's support for European ... [Full Article...]
EU says China could open its economy if it wishes
Other governments have criticized Trump for going outside the WTO when he imposed 25 percent tariffs on $34 billion of Chinese goods. "The intellectual property theft is not to be trifled with", Cramer said, referring to the Chinese practice of forcing American companies to enter into joint ventures and share their technology in order to do business in the world's second-largest economy. [Full Article...]
Papa John Founder Offers Horrible Excuse For Why He Used N Word
Additionally, the company has asked Schnatter to "cease all media appearances" and "not make any further statements to the media regarding the company, its business or employees". Schnatter also came under fire in 2012 for saying the Affordable Care Act could be "lose-lose" for Papa John's franchisees and employees. The committee said it will oversee an outside auditor's investigation into P... [Full Article...]
Amazon Prime Day 2018: Deals, Discounts, & Best Sales
Amazon Prime Day, which kicks off this Monday, July 16 , at noon ET, will attract zillions of buyers seeking Black-Friday-in-July pricing on zillions of products. Are you taking advantage of all the discounts Amazon is offering? Plus, if you make a purchase, Whole Foods will put a $10 credit on your Amazon account to use toward Prime day shopping, so it's a win-win. [Full Article...]
China does not need U.S. soybeans for state reserves
Bunge Ltd and ADM declined to comment. That would still be 1 percent higher than consumption in the 2017/18 crop year. CNGOIC reported that the soybean planting area in the U.S. China has been avoiding USA soybeans and shifting its purchases to other countries. "Pakistan, Mexico , Bangladesh and a few others have bought, and that's kept values supported", said a US soybean exporter who asked ... [Full Article...]
How to become an Amazon Prime member and how it benefits you
The red color variant of the OnePlus 6 is now finally available, while not on sale it is exclusively available on Amazon starting today. The 9am flash sale on July 17 will include a massive Rs. To start with, buyers using an SBI credit card will get an instant 10 percent discount, and the sale will last for a total of 80 hours. The biggest draw, however, will be sales on smartphones , which c... [Full Article...]
Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy'
Unsworth said Musk's mini-sub stunt, in fact, got in the way of the rescue. "It just had absolutely no chance of working ", he said. The British diver went on to say Musk "can stick his submarine where it hurts". Musk responded early this morning, New Zealand time , referring to Unsworth as "pedo guy" and saying he would make a video proving that the submarine was a viable rescue method. [Full Article...]
21st Century Fox Wins Key Approval In Britain For Sky Deal
This means it would probably poses a real challenge to Netflix , given Disney's rich content portfolio. The regulator said it had considered "the relative contribution of Fox's stake in Sky in the valuation work carried out by Disney's financial advisers" as well's Fox's most recent bid for the broadcaster when arriving at the 14 pounds a share price. [Full Article...]
British caver from Thai rescue slams Elon Musk submarine as 'PR stunt'
This photo tweeted by Elon Musk shows efforts underway to rescue trapped members of a youth soccer team from a flooded cave in northern Thailand . The Thai Navy has since said it may use the submarine at some point in the future , but if Unsworth is to be believed, it won't be for tricky cave rescues . [Full Article...]
Canada's Hudson's Bay store drops Ivanka Trump fashion line
Six Ivanka Trump label products still appear on Saks Off 5th website, which is also owned by the Hudson's Bay Company - though all are clearance items up to 80 per cent off. She is a great person - always pushing me to do the right thing! "This was absolutely not political.it was exclusively based on the performance of the brand", a Nordstrom spokesperson told Refinery29. [Full Article...]
US ban on China's ZTE lifted
The U.S. Department of Commerce on July 13 lifted a ban on U.S. companies selling equipment to Chinese telecom giant ZTE, allowing the company to resume business. companies from selling products or services to it. U.S. President Donald Trump tweeted in May that he closed down ZTE and let it reopen, although no agreement had been reached. [Full Article...]
McDonald’s Pulls Salads From Thousands of Restaurants as Parasite Outbreak Escalates
That way, the fast food restaurant can trace those ingredients to their supplier. McDonalds has stopped serving salads at 3,000 restaurants in 14 states following reports linking the dishes to an outbreak of intestinal parasites. People often recover without medical intervention, according to the CDC , but antibiotics are also used to treat the condition. "McDonald's is committed to the highe... [Full Article...]
Ryanair pilots call two more strikes after 30 flights grounded
The airline told Spanish news agency Efe that it expected to cancel about 30 of the 290 flights it had programmed. Ryanair ended a 32-year ban the airline had held on unions in December and are already in dispute with the Forsa union. "All customers on these flights have received text and email notification of these cancellations earlier today and our Customer Service teams are assisting them ... [Full Article...]
Blackfly Flying Car is All-Electric, Autonomous, Awesome
Its makers say it will eventually cost the same as a typical sports-utility auto, but early models will be more expensive. The Opener BlackFly is a project partly funded by Google co-founder Larry Page, notes the BBC news. Opener's chief executive Marcus Leng said the on-board controls offered "instant gratification". It's also fully electric and autonomous, and has been performing excel... [Full Article...]
Broadcom signs $19bn deal for CA Technologies