Finance

Stop & Shop workers walk off the job amid labor dispute

Stop & Shop workers walk off the job amid labor dispute Westport's Super Stop & Shop employees have walked off the job. There has also been picket lines at some Stop & Shop locations in New England. The Stop & Shop website states : "Given that negotiations with assistance of the federal mediators are continuing, we are disappointed that the UFCW chose to order a work stoppage in an attempt to disrupt service at our stores". [Full Article...]

House of Representatives passes bill to restore net neutrality

House of Representatives passes bill to restore net neutrality House vote over the bill. The net neutrality rules were first approved by the FCC in 2015, during the Obama administration, and were meant to keep the internet open and fair. To that end, opponents of the House bill have slammed it as a political stunt aimed at rallying Democratic voters ahead of the 2020 presidential elections. [Full Article...]

Britain, EU agree to delay Brexit deadline until October 31

Britain, EU agree to delay Brexit deadline until October 31 Prime Minister Theresa May is expected to brief Parliament Thursday on the results of the emergency European Union summit that ended in the early hours with the bloc agreeing an extension to the country's departure until October 31. Brexit was originally set to happen on 29 March. Labour leader Jeremy Corbyn said the second Brexit extension in the space of a fortnight represents "not only a ... [Full Article...]

Indian Oil halts fuel supply to Jet Airways over non-payment of dues

Indian Oil halts fuel supply to Jet Airways over non-payment of dues This particular aircraft (reg. VT-JWU) is grounded at Amsterdam Airport since March 23. Also last Friday, Indian Oil had stopped supplying fuel to Jet Airways aircraft in India for some hours because of unpaid bills. The airline apparently owns 16 out of these 26 aircraft. The Mumbai-based airline has also defaulted on several loan payments. The debt resolution process of Jet Airways suffere... [Full Article...]

Canberra hosts Google-backed drone delivery trials

Canberra hosts Google-backed drone delivery trials A world-first drone delivery business has been granted approval to take to the skies over Canberra's north. Wing has also uploaded a video showing a testimonial from a woman who has participated in the drone delivery trials . As part of the agency's new policy, drone deliveries will only be conducted on weekdays between 7 a.m. and 8 p.m. Assuming everything goes according to plan, it will e... [Full Article...]

Hypersonic Rocket Engine Passes Testing Milestone

Hypersonic Rocket Engine Passes Testing Milestone This technology could now be combined with the spaceplane's experimental engine, referred to as Sabre. Reaction Engines Ltd . designed the engine to take airliners around the world in few hours and drive space planes to orbit. There are three core elements to the Sabre engine; the pre-cooler, the engine core that has a a smart thermodynamic cycle to manage heat and fluid flow, and the thrust... [Full Article...]

Jet Airways Cancels All Overseas Flights Till Friday Morning: 10 Points

Jet Airways Cancels All Overseas Flights Till Friday Morning: 10 Points The airline informed the stock exchanges on Thursday that lessors had grounded 10 more of its planes, bringing its fleet strength down to 14. According to regulations, an airline needs to have a minimum fleet of 20 planes to operate worldwide flights. [Full Article...]

Panasonic reviewing further investment in Tesla Gigafactory

Panasonic reviewing further investment in Tesla Gigafactory Panasonic has invested heavily in production facilities alongside Tesla, and as its battery partner, is considered the company's most important vendor. Panasonic commented on the decision stating: " Panasonic will study additional investments over 35 GWh in collaboration with Tesla". Panasonic likely wants to gauge long term demand for Tesla's highest volume vehicle, the Model 3 now that th... [Full Article...]

Uber files with SEC for its IPO

Uber files with SEC for its IPO Uber in 2018 had revenue of $11.3 billion, up around 42 percent over 2017, again below the 106 percent growth the prior year. The company set a placeholder amount of $1 billion but did not specify the size of the IPO. Securities and Exchange Commission. One advantage Uber will likely seek to play up to investors is that it is the largest player in numerous markets in which it operates. [Full Article...]

Coinbase Launches Crypto Visa Debit Card for United Kingdom and EU Customers

Coinbase Launches Crypto Visa Debit Card for United Kingdom and EU Customers The Coinbase Card is a Visa debits card, and it is available to both United Kingdom and European Union customers. The new mobile application launched by Coinbase for this objective allows using the new card and also trading digital assets on the exchange. [Full Article...]

Saudi Aramco Strikes Cash as Bond Demand Tops Record $85 Bln

Saudi Aramco Strikes Cash as Bond Demand Tops Record $85 Bln The purchase effectively merges the kingdom's two largest companies, handing PIF around the same amount it had expected from the much-delayed Aramco IPO. The IPO was announced with a great deal of fanfare by the Saudi Crown Prince, Mohammed Bin Salman (MBS), and the success of the bond sale may mean that he can forego the IPO plan without losing face. [Full Article...]

Amazon employees are listening to you through Alexa devices

Amazon employees are listening to you through Alexa devices You'll be taken to Amazon's external Alexa privacy page. "We only annotate an extremely small sample of Alexa voice recordings in order improve the customer experience". Occasionally the listeners pick up things Echo owners likely would rather stay private: a woman singing badly off key in the shower, say, or a child screaming for help. [Full Article...]

Yahoo strikes $159m settlement over data breach, Latest Business News

Yahoo strikes $159m settlement over data breach, Latest Business News The new settlement amount includes at least $55 million for victims' out-of-pocket expenses and other costs, plus $24 million for two years of credit monitoring, up to $30 million assigned to legal fees. As a reminder, Verizon was originally supposed to acquire Yahoo for $4.83 billion, but the amount was reduced to $4.48 billion after Yahoo revealed more information about the breaches. [Full Article...]

Burger King pulls NZ chopsticks ad after outcry in China

Burger King pulls NZ chopsticks ad after outcry in China Dr Shameem Black, Fellow in the Department of Gender, Media and Cultural Studies at Australian National University told Tom Elliott the ad was "very insensitive". But even the burger missed the mark, Ms Mo said, because sweet chilli sauce is more common in Thai cuisine than Vietnamese. And others believe those who have been offended by the advert are sensitive and show that people in China hav... [Full Article...]

Ghosn accuses Nissan executives of 'backstabbing' over arrest in video

Ghosn accuses Nissan executives of 'backstabbing' over arrest in video Ghosn, whose defense team said it will file an appeal with the Supreme Court on Wednesday against the Tokyo District Court's decision to detain him, went on to underscore his support for the autonomy of Nissan, highlighting the point, however, that it must be based on performance. [Full Article...]

Kettering Council welcomes small gender pay gap

Kettering Council welcomes small gender pay gap The median is lowest in Scotland at 5.7 percent The South-East and South-West are the highest, both standing at 11 percent median hourly gaps. The Coalition wrote to Premier Ford and Minister Lisa Macleod, Responsible for Women's Issues and Minister of Labour Laurie Scott to outline their plan to close the gender pay gap. [Full Article...]

Crude oil futures rise 0.07% on global cues

Crude oil futures rise 0.07% on global cues Worldwide benchmark Brent futures were at $70.66 per barrel at 0158 GMT, up 5 cents from their last close. Crude oil futures for May ended up $63, or 0.98%, at $64.61 a barrel. The report said US crude stockpiles rose to their highest level since November 2017, amid rising imports. Russia, not an OPEC-member but a reluctant participant in the supply cuts, signalled yesterday it wanted to rai... [Full Article...]

Walmart Is Doubling Down on Its In-Store Technology

Walmart Is Doubling Down on Its In-Store Technology Retail giant Walmart ( WMT ) is bringing several tech innovations to its stores to better compete with its rival Amazon ( AMZN ). The robots are coming for Walmart workers' jobs, with the retail giant saying it plans to add nearly 4,000 robots to its stores and facilities as it seeks to remove human workers from routine tasks like scrubbing floors. [Full Article...]

China Bitcoin mining ban could send crypto prices soaring

China Bitcoin mining ban could send crypto prices soaring Bitcoin now falls in that last category. Crypto mining was top of the Commission's list of practices that should be eliminated immediately. The Chinese public on the other hand has until May 7 to comment on the draft before it's finalized. [Full Article...]

Instagram influencers hit with death penalty threat over popular photo

Instagram influencers hit with death penalty threat over popular photo The beach has served as a unique backdrop for tourist selfies all because of its low-flying planes , which can be spotted frequently in the area. Local officials have now said that the beach has become a distraction for pilots and are working for an exclusion area on the beach. [Full Article...]


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