Economy

Economy Rents not affordable for many workers
Author: 0 Rents not affordable for many workers

The report is based on the CCPA's principle that renters shouldn't spend more than 30 per cent of their income on housing . Despite being similar to the national average, Macdonald said in none of Guelph's four neighbourhoods can a full-time minimum wage worker afford the average one-bedroom apartment, and much less a two-bedroom apartment which is what the study focused on.

Economy So, what do you think of the mid-engine Corvette?
Author: 0 So, what do you think of the mid-engine Corvette?

While latest versions of the other pillars of the U.S. muscle-car establishment, the Chevrolet Camaro and Ford Mustang, clearly evoke their predecessors, the new Corvette Stingray is turning from muscle vehicle to supercar format. "We're asking people to spend a lot of money for this vehicle, and people want it to be the best performer all around", Juechter said. Lamborghini engineers, at the time, were inspired by the Le Mans-winning Ford GT40 race auto.

Economy Toys R Us stores to make a holiday season comeback
Author: 0 Toys R Us stores to make a holiday season comeback

Barry said more details about the stores will be announced in the coming weeks, including an added online experience. Future stores will be slightly larger than the first two, at about 10,000 square feet. The key issue, however, is how much support the new model will get from suppliers, who were burned by Toys R Us' quick demise and may not want to take another chance.

Economy LVMH Chairman Bernard Arnault is now the world's second wealthiest individual
Author: 0 LVMH Chairman Bernard Arnault is now the world's second wealthiest individual

The current world's richest person is Jeff Bezos . Gates has donated more than $35 billion to the Bill & Melinda Gates Foundation. According to reports , Arnault's, Gate's and Bezos' riches combined surpass the individual market values of nearly every company in the S&P 500 Index, including Walmart Inc., Exxon Mobil Corp, and Walt Disney Co.

Economy New York Fed forced to clarify Williams' speech
Author: 0 New York Fed forced to clarify Williams' speech

Jeffrey Kleintop, chief global investment strategist at Charles Schwab & Co, cautioned about becoming too excited by the prospect of a sharp U.S. rate cut doing much to support the economy. It's been quite an active start to the day for markets with the Fed flip flopping a little after dovish remarks from New York Fed president John Williams overnight.

Economy PepsiCo returns to Africa through $1.7bn bid Pioneer Foods
Author: 0 PepsiCo returns to Africa through $1.7bn bid Pioneer Foods

A wholly-owned subsidiary of United States multinational food, snack and beverage corporation PepsiCo has given notice of its firm intention to make an offer to acquire the issued ordinary shares of South African packaged goods company Pioneer Foods, the two said on Friday.

Economy Oklahoma lawmakers vote against minimum wage hike
Author: 0 Oklahoma lawmakers vote against minimum wage hike

Even though the bill has little chance of passing the Republican-led Senate, or being signed into law by President Donald Trump, the outcome pushes the phased-in rate to the forefront as the new standard, one already in place at some leading US corporations.

Economy Breastfeeding mum fuming after airline tells her to 'cover yourself'
Author: 0 Breastfeeding mum fuming after airline tells her to 'cover yourself'

Many airlines have policies that explicitly allow mothers to breastfeed during flights , while other airlines don't have policies, but train crews to allow breastfeeding in-flight. A nursing mum has been left fuming after an airline staff member told her to cover up while breastfeeding her one-year-old daughter. " We would like to emphasise that breastfeeding is permitted on KLM flights ".

Economy BofA's consumer business drives record second-quarter profit
Author: 0 BofA's consumer business drives record second-quarter profit

That comes to per share profit of $0.74 on revenue of $23.1 billion. Analysts had expected a profit of 71 cents per share on revenue of $23.2 billion, according to IBES data from Refinitiv. The increase in profit came despite compressed lending margins, thanks to BofA's biggest division, its consumer bank, which saw profits increase by 13% to $3.3bn as revenue climbed 5% to $9.7bn as it added deposits and loans and enjoyed higher net interest income.

Economy Lotus Evija is an all electric hypercar with 2000 PS
Author: 0 Lotus Evija is an all electric hypercar with 2000 PS

A fairly new company, established in 1984, they invest heavily in R&D and have obviously been noticed by Lotus as having the goods to power their hypercar. " The Evija is a true Lotus in every sense - it has been developed with an unwavering passion to push boundaries, to explore new ways of thinking and to apply ground-breaking technologies".

Economy Sterling extends slide below $1.25 as no-deal Brexit jitters jump
Author: 0 Sterling extends slide below $1.25 as no-deal Brexit jitters jump

With economic data also showing the United Kingdom economy struggling, putting more pressure on the Bank of England to ease monetary policy, investors are taking to currency derivatives and futures markets to bet on more weakness. If it falls below US$1.2439 it would sink to its lowest in more than two years, excluding the "flash crash" on Jan 3 when it dropped to US$1.2409. The pound also weakened to new a six-month low versus the euro of 90.42 pence, down 0.5% on the day.

Economy South Korea's central bank lowers rate amid Japan trade row:The Asahi Shimbun
Author: 0 South Korea's central bank lowers rate amid Japan trade row:The Asahi Shimbun

Gold prices hit fresh historic highs and debt prices their highest in three years with bets on revisit to the record-low interest rate territory. South Korea has accused Japan of weaponizing trade to retaliate against South Korean court rulings calling for Japanese companies to compensate aging South Korean plaintiffs for forced labor during World War II, and plans to file a complaint with the World Trade Organization.

Economy Amazon Details Specific Items That Led Amazon Prime Day Sales
Author: 0 Amazon Details Specific Items That Led Amazon Prime Day Sales

Amazon said that Prime Day was once again the largest shopping event in its history with more than one million deals exclusively for Prime members . This is impressive because Amazon announced previous year that its 2018 Cyber Monday was its "single biggest shopping day in the company's history with more products ordered worldwide than any other day".

Economy Japan urges G7 to think beyond existing rules in dealing with Libra
Author: 0 Japan urges G7 to think beyond existing rules in dealing with Libra

He then moved back to Libra and asked if Yiannopoulos or Farrakhan can use the cryptocurrency , specifying that he brought these people up because they were both banned from Facebook . Congressman Patrick McHenry , Ranking Member on the House Financial Services Committee , told his fellow members at the Libra hearing today to "go beyond the headlines" when probing Facebook's project to create a global payment ecosystem.

Economy Oil Prices Regain Some Ground
Author: 0 Oil Prices Regain Some Ground

Oil prices steadied on Thursday after falling in the previous session when official data showed us stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. Crude inventories fell by 3.1 million barrels last week, more than analysts' expectations for a decrease of 2.7 million barrels. Distillate stockpiles, which include diesel and heating oil, rose 5.7 million barrels, versus expectations for a 613,000-barrel increase, the EIA ...

Economy Turkey says European Union funding cuts won't affect drilling off Cyprus
Author: 0 Turkey says European Union funding cuts won't affect drilling off Cyprus

The European Council published a final declaration on Monday following a meeting of the EU's foreign affairs council which was attended by foreign ministers of its member states. What Happened: The EU Foreign Affairs Council has chose to impose diplomatic and financial sanctions against Turkey on July 15 over the country's recent gas exploration and drilling operations in Cypriot waters, EUobserver reported July 16.

Economy Neuralink, Elon Musk's stealth brain-implant startup to livestream its big reveal
Author: 0 Neuralink, Elon Musk's stealth brain-implant startup to livestream its big reveal

Twitter users had mixed thoughts on the news. Neuralink's interface aims to take such therapies to the next level, thanks to a next-generation implantation technique. The "threads", thinner than human hair, can transfer a large amount of data, states a white paper credited to Elon Musk and Neutralink. The lenses and computer vision software help the robot avoid hitting blood vessels, reducing damage to the brain and formation of scar tissue.

Economy Tesla simplifies lineup again, removes Standard Range Model S and X
Author: 0 Tesla simplifies lineup again, removes Standard Range Model S and X

North American customers can still get the Model 3 Standard Range off-the-menu. Unfortunately, this also means that the base price for the Model S and X is significantly higher than before - $5,000 and $4,000, respectively. Tesla's "full self-driving computer" is included on every vehicle, but activating it is a $6000 option when ordered today and "likely to increase over time" if you buy after delivery.

Economy Oil prices edge down ahead of expected weak China data
Author: 0 Oil prices edge down ahead of expected weak China data

Perhaps keeping a cap on prices is the news that China's economy grew just 6.2% in the second quarter of 2019, the worst in 27 years. However, when this report was prepared, the United Kingdom crude futures were up by 0.64 percent to $67.15 per barrel, while, US West Texas Intermediate crude rose 0.58 percent to $60.56 a barrel.

Economy Galileo Satellite Navigation System Suffers Major Outage
Author: 0 Galileo Satellite Navigation System Suffers Major Outage

Precise Timing Facilities generate the reference time against which Galileo's clocks are calibrated, and are part of the complex ground infrastructure that maintains the system. "The cause of the technical incident is identified and recovery actions are implemented to ensure that the nominal service is resumed as soon as possible while safeguarding quality of the services", the GSA said .

Economy Amazon Prime Day: Sony wireless headphones now just £95
Author: 0 Amazon Prime Day: Sony wireless headphones now just £95

Amazon is expected to generate US$5.8 billion in revenue during their two-day Prime Day event. With hundreds of sales to sift through before the deals close after Tuesday (US deals will be available through Wednesday), it's always nice if someone can give you the TL;DR of it son with that in mind, here are the best tech sales we've found offered on Amazon Prime Day .

Economy Prime Day 2019 Deals on Headphones
Author: 0 Prime Day 2019 Deals on Headphones

Amazon have been running Prime Day for five years now, with each year's sale growing in size and scale. And as a part of the two-day Prime Day extravaganza, the iPhone XR, the iPhone 6S and iPhone 7 have all had their prices slashed. For more on some games to grab and play on your new PS4 Pro, check out some of the top PS4 deals surrounding Prime Day. "With huge savings on everything from fashion to home entertainment, to books and household essentials, we are excited to bring Aussies the ...

Economy Canadian airline passengers have new rights starting today | Buzz travel
Author: 0 Canadian airline passengers have new rights starting today | Buzz travel

If you lose your luggage or if it is damaged in transport on a domestic, there are now increases to an airline's maximum liability to match those of global flights. The new rules take effect in a two-phase rollout. Garneau told reporters that "complex software" systems to handle the new passenger compensation rules also necessitated the delay.

Economy Facebook settles with FTC for record $5 billion
Author: 0 Facebook settles with FTC for record $5 billion

The fine, originally reported by The Wall Street Journal and The Washington Post , both of which relied on anonymous sources , would be the largest approved by the FTC against a technology company, and the largest against any company for a privacy violation .

Economy China economy hit by growing pressures
Author: 0 China economy hit by growing pressures

Observers say the country is likely to take additional stimulus measures if its economy continues to slow. China has already slashed RRR six times since early 2018 to free up more funds for lending and analysts polled by Reuters forecast two more cuts this quarter and next.

Economy For Amazon workers in Minnesota, Prime Day means protest
Author: 0 For Amazon workers in Minnesota, Prime Day means protest

The biggest employee-led demonstration happened in Shakopee, Minnesota, where Amazon warehouse workers were protesting, TechCrunch reported on Monday. Workers launched a protest during the annual event, complaining about the company's working conditions and underwhelming pay. The wages employees earn are reportedly lacking, with most barely able to survive with the amount being given.

Economy China's Economic Growth Cools Further
Author: 0 China's Economic Growth Cools Further

Growth in China's new home prices cooled in June as sales shrank for a second month, but building starts and investment quickened, providing a cushion for the slowing economy while Beijing claims some wins in reducing market froth. "The Chinese government will not allow the quarterly growth to fall below 6.0 (percent)", he said in a note. Urban unemployment ticked up to 5.1% for the month, from 5.0% in May.

Economy Huawei plans to dismiss hundreds of employees in the US
Author: 0 Huawei plans to dismiss hundreds of employees in the US

Huawei plans to dismiss hundreds of employees in the United States as the Chinese tech company struggles with a blacklist imposed by president Trump over national security threats . Some U.S. chipmakers gross sales to Huawei could not want licenses as a result of their merchandise may very well be past the scope of U.S. export controls since many are manufactured overseas with few U.S.

Economy IEA sees oil market oversupplied in 2019 on US production
Author: 0 IEA sees oil market oversupplied in 2019 on US production

The latest outlook will present the coalition with a dilemma later this year: should they continue, and even double-down on the strategy throughout 2020, or abandon the cuts and risk a price slump. At the same time, the demand on OPEC crude in early 2020 could fall to only 28 million barrels per day. That the organization's production has fallen far more than intended this year, and may still prove to be too high, only illustrates the scale of its challenge.

Author: 0 Amazon Prime Day In Australia: All Your Questions Answered

Have you found yourself with a fat wad of digital cash at the end of the financial year and so many sales running , you're paralysed with choice? Effing. Starting tomorrow - for the next 48 hours - Amazon Prime Day Sale will commence and have on offer discounts on smartphones, consumer electronics items, audio products, TVs and many other things.