Economy

Economy EBay Shoppers Benefit If Amazon Site Crashes On Prime Day
Author: 0 EBay Shoppers Benefit If Amazon Site Crashes On Prime Day

Is Amazon Prime Day actually all it's cracked up to be? So if you're not already a member, we suggest you sign up for that safe, no-commitment 30-day free trial-it's your only ticket to these low, low prices. That makes it the longest Prime Day in history. Whilst the best Lightning Deals on Prime day are reserved for Amazon Prime subscribers, shoppers can enjoy discounts on a wide range of products.

Economy Arby's unveils carrot made of meat: The Marrot
Author: 0 Arby's unveils carrot made of meat: The Marrot

In a move that is nearly assured to have vegans calling for a boycott of the chain, Arby's has invented a vegetable made of meat. "I'm so excited. According to Arby's , the marrot , which won't be available to customers just yet, provides 70% of the recommended daily intake of Vitamin A. It looks and tastes like a carrot, but it's made from turkey.

Economy US Stress Test: Credit Suisse to Remedy Weakness
Author: 0 US Stress Test: Credit Suisse to Remedy Weakness

The 18 banks, a group that includes giant USA lenders JP Morgan and Bank of America are expected, in aggregate, to increase their payouts to more than 100% of expected earnings. Even after the roller-coaster quarter, investors are in good shape so far this year. Deutsche Bank, which last year did not pass the Fed's muster, was able to pass with no issues this year.

Economy Papaya From Mexico Linked to 62 Cases of Salmonella
Author: 0 Papaya From Mexico Linked to 62 Cases of Salmonella

Those with compromised immune systems, such as children, pregnant women, and the elderly, are at higher risk of developing a more severe illness. Of those who've gotten sick, 23 have been hospitalized. They have also recommended an increase in import screening of papaya. This provides additional evidence that papayas are a likely source of this outbreak.

Economy Lego parent buys Madame Tussauds owner
Author: 0 Lego parent buys Madame Tussauds owner

Kirkbi, which is the majority owner in Danish children's toy maker Lego , said in a statement that it will purchase the tourist attractions company in a consortium alongside USA private equity group Blackstone and Canadian pension fund CPPIB for £5.9 billion including debt.

Economy Asian shares turn up on Sino-U.S. trade truce hopes
Author: 0 Asian shares turn up on Sino-U.S. trade truce hopes

On Wednesday, U.S. President Donald Trump said a trade deal with his Chinese counterpart Xi Jinping was possible this weekend though he was prepared to impose tariffs on virtually all remaining Chinese imports if talks fail. Traders are also focused on a Reserve Bank of Australia meeting July 2, where the central bank is expected to cut rates by a quarter of a percent to 1.00%.

Economy Hacker steals $4.5 million from Bitrue cryptocurrency exchange
Author: 0 Hacker steals $4.5 million from Bitrue cryptocurrency exchange

The breach occurred on June 27 at 1 AM GMT+8 and was detected shortly after, leading the exchange to suspend trading activity on the platform and enable maintenance mode. The other $233,000 was in 2.5 million ADA tokens. "A hacker exploited a vulnerability in our Risk Control team's 2nd review process to access the personal funds of about 90 Bitrue users".

Economy Korea with offer to meet Kim at border
Author: 0 Korea with offer to meet Kim at border

Although there is no official confirmation as of yet, Choe's statement underlined , "I am of the view that if the DPRK-U.S. summit meetings take place on the division line, as is intended by President Trump , it would serve as another meaningful occasion in further deepening the personal relations between the two leaders and advancing the bilateral relations".

Economy Ford to cut 12000 jobs in Europe by 2020
Author: 0 Ford to cut 12000 jobs in Europe by 2020

The changes to Ford's European business unit will become effective on July 1, the company said. About 2,000 of the affected jobs are salaried positions as part of the 7,000 salaried positions the company is reducing all over the world. Group chief executive Jim Hackett announced last autumn a massive restructuring of the American firm, aiming to save $11 billion and turn Ford into a more "agile" group with faster decision-making processes.

Economy Trade war de-escalation? Washington promises not to hit Beijing with new tariffs
Author: 0 Trade war de-escalation? Washington promises not to hit Beijing with new tariffs

The Commerce Department last month moved to blacklist Huawei , cutting it off from United States suppliers, though many companies have managed to skirt the restrictions. But the momentum didn't last. Talks collapsed in May after Washington accused Beijing of reneging on reform pledges. "We're holding back on tariffs and they're going to buy farm products", he said at a news conference, without giving any details of China's future agricultural product purchases.

Economy G20 summit: Trump and Xi agree to restart US-China trade talks
Author: 0 G20 summit: Trump and Xi agree to restart US-China trade talks

After meeting with Xi, Trump held a news conference in which he made the announcement. "At least for the time being we won't be lifting tariffs on China ", the USA president told the news conference. "I actually think that we were very close". Besides lifting the trade ban on Huawei , Trump announced the States and China would resume trade talks that broke down last month.

Economy Newark Airport delays after emergency landing
Author: 0 Newark Airport delays after emergency landing

Upon landing, the left main gear tires blew and the front landing gear was damaged and the aircraft was evacuated, the source said. At 10:45 a.m. the airport's flight tracker showed 125 departures are delayed through 1:30 p.m. "As someone that's now on a flight that's still stuck on the ground, pls be efficient Newark". "I spoke with one of the emergency crews who told us that apparently, we had a flat tire and there was something about friction.

Economy Chrysler Voyager minivan is here to help make roadtrips great again
Author: 0 Chrysler Voyager minivan is here to help make roadtrips great again

Chrysler on Thursday unveiled the 2020 Chrysler Voyager . Chrysler will celebrate the 35th anniversary of its ingenious minivan this model year, which has hauled generations of families since 1985. It's not clear exactly why FCA chose to revive the Voyager name, and queries about the decision were glossed over at today's media event in MI. Fleet customers also receive second-row Stow 'n Go, remote start, auto-dim rearview mirror, second-row retractable sunshades, and a security alarm.

Economy EU, South American bloc reach trade deal
Author: 0 EU, South American bloc reach trade deal

The deal was agreed in Brussels after more than 20 years of negotiations, the Argentine government said in a statement. As world leaders meet at a G20 summit in Japan, EU Trade Commissioner Cecilia Malmstrom told a news conference the deal sent a "loud and clear message" in support of open trade.

Economy Airbnb Enters Luxury Travel Market with Airbnb Luxe
Author: 0 Airbnb Enters Luxury Travel Market with Airbnb Luxe

Curated by Guy Laliberte, founder of Cirque du Soleil and Lune Rouge, you can only imagine how Instagrammable this homes is. Airbnb has entered the luxury travel market with Airbnb Luxe . " Airbnb Luxe provides access to unique and spectacular properties with dedicated trip designers to ensure bespoke experiences and services to make every stay truly magical", the company wrote in an announcement.

Economy Huawei got over $1.4 billion in licensing revenue since 2015
Author: 0 Huawei got over $1.4 billion in licensing revenue since 2015

Huawei's Song Liping said at a news conference, "if such a legislative proposal were to be passed, it would be a catastrophe for global innovation". "In the past 30 years, no court has ever concluded that Huawei engaged in malicious IP theft, and we have never been required by the court to pay damages for this", he said, presenting a summary of the firm's IP achievements over the years.

Economy Transat accepts Air Canada's $520-million buyout offer
Author: 0 Transat accepts Air Canada's $520-million buyout offer

Air Canada is looking to buy Transat, a Montreal-based tour operator, which has around 20 business unites, including the fourth largest Canadian airline by fleet size - leisure carrier Air Transat . Air Canada shares, meanwhile, gained almost 5 per cent or $1.80 to $41.06, a signal Air Canada investors admire the deal, from their perspective. Both Air Canada and Transat sought to play down the threat of market dominance.

Economy Wall Street opens mixed as investors assess latest headlines on trade
Author: 0 Wall Street opens mixed as investors assess latest headlines on trade

Expectations were muddied further when White House economic adviser Larry Kudlow said the United States may move ahead with further tariffs on Chinese goods after the two leaders meet this weekend at the Group of 20 summit in Japan. The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China.

Economy Bitcoin races to new high for the year
Author: 0 Bitcoin races to new high for the year

The retreat accelerated Thursday and put the coin's price back to almost the same level as just five days ago. All eyes are on Bitcoin at this point to see if it has more rocket fuel to challenge the all-time high or if it will see a deep correction, triggering a sell-off into altcoins.

Economy Stormy G20 looms as Trump bashes China on trade
Author: 0 Stormy G20 looms as Trump bashes China on trade

Barely pulling its punches, Chinese state-run news agency Xinhua said a "certain country in the G20 resorts to such tactics as raising tariffs and threatening trade wars to make its trading partners knuckle under to unreasonable demands". "We have watched this movie before: China and the USA talk, leaks from policymakers on both sides encourage speculation we are close to a deal, things fall apart", said Hannah Anderson of J.P.

Economy Putin, Trump hold brief conversation in Osaka Russia 08:48
Author: 0 Putin, Trump hold brief conversation in Osaka Russia 08:48

It found contacts between Russian operatives and Trump's election campaign, but no evidence of a joint plot, and the U.S. leader has characterised the findings as exonerating him. The meeting saw Trump outlined his plans to discuss trade and nuclear disarmament with Putin. "She told the president that there can not be a normalization of our bilateral relationship until Russian Federation stops the irresponsible and destabilizing activity that threatens the United Kingdom and its allies", ...

Economy Lightyear showcases the long-range BEV Concept using solar panels
Author: 0 Lightyear showcases the long-range BEV Concept using solar panels

THERE'S a bit of buzz around the new Lightyear electric vehicle, which claims to have solved the problem of range anxiety along with dependence on power infrastructure. Founded by a Dutch group following success in Australia's World Solar Challenge, Lightyear's first production vehicle combines a regular electric auto battery with five square metres of solar panels placed on the bonnet, roof and boot.

Economy Apple recalls 432,000 MacBook Pro laptops for fire and burn risks
Author: 0 Apple recalls 432,000 MacBook Pro laptops for fire and burn risks

Health Canada explained Thursday that batteries in the laptops can overheat and pose a fire hazard. In the US, there have been 26 reports including five reports of minor burns and one reported smoke inhalation. Consumers who aren't sure if their laptop fits this description can check the laptop's serial number on Apple's website . The recall involves laptop computers with a 15.4-inch diagonal screen, 2.2-2.5 GHz processors, 2256GB-1TB solid state storage, two Thunderbolt 2 ports, two USB ...

Economy Nanny State: San Francisco Approves Ban on E-cigarette Sales
Author: 0 Nanny State: San Francisco Approves Ban on E-cigarette Sales

E-cigarette companies, including the San Francisco-based Juul , now have until 2022 to submit applications for FDA approval. According to a report from theCenters for Disease Control and Prevention, "the rise in e-cigarette use during 2017-2018 is likely because of the recent popularity of e-cigarettes shaped like a USB flash drive, such as JUUL; these products can be used discreetly, have a high nicotine content, and come in flavors that appeal to youths." "Having said that, we are ...

Economy Ford to cut 12,000 jobs in Europe by end 2020
Author: 0 Ford to cut 12,000 jobs in Europe by end 2020

Ford said it has ceased production at three plants in Russian Federation, is closing plants in France and Wales, and has cut shifts at factories in Valencia, Spain and Saarlouis, Germany . Ford is already the European market leader in vans and pickups , and it hopes to double its profitability in this segment within the next five years.

Economy Trump, Putin set for first meeting since Mueller report
Author: 0 Trump, Putin set for first meeting since Mueller report

We're doing better than any of them". Trump pronounced the opening night Wednesday to be "boring" and was due to be in summit meetings during part two on Thursday night. When a journalist asked Trump if national security officials would be with him during the meeting, Trump accused reporters of being "untrusting". But there was speculation that the president would make another attempt to travel to the Demilitarized Zone between the Koreas after fog prevented him from taking a helicopter there ...

Economy Lightyear One, the World’s First Long-range Solar Car
Author: 0 Lightyear One, the World’s First Long-range Solar Car

That's great for road trips because there is no need for charging infrastructure. The vehicle is powered by independent motors on each of the car's four wheels, providing four-wheel drive, and maximising the amount of energy used by the auto that is used to propel the auto forwards.

Economy Jony Ive is leaving Apple
Author: 0 Jony Ive is leaving Apple

For nearly three decades, Ive has been Apple's main hardware designer on the major products, including the iPod, the iPad and MacBooks, in addition to the iPhone, which have all become known for using aluminum and glass casing.Following former Apple CEO Steve Jobs' death in 2011, he also began managing the design to the software on Apple products.

Economy Huawei staff pair up with Chinese military on research
Author: 0 Huawei staff pair up with Chinese military on research

The authors of the treatises, which have not been reported in the media previously, recognized themselves as Huawei workers and the company name was prominently listed at the top of the papers. An employee at Huawei's Shanghai office is listed as the lead author of one research project alongside a member of PLA unit 78156 and another researcher at an investigative centre under the Central Military Commission.

Economy Mark Zuckerberg says Facebook is 'evaluating' deepfake policy
Author: 0 Mark Zuckerberg says Facebook is 'evaluating' deepfake policy

The video, which experts said had been slowed down, made the Speaker of the House's speech sound slurred as if she were drunk. Deepfakes commonly use artificial intelligence software to combine and superimpose existing images and videos of a person to make it look they have said something they have not.

Economy Delta, JetBlue offering waivers for Dominican Republic flights after USA deaths
Author: 0 Delta, JetBlue offering waivers for Dominican Republic flights after USA deaths

The report said he was then forced to get off the plane. The grounds of a resort are seen in an image taken June 20, 2019 in Punta Cana, Dominican Republic. According to the Attorney General's Office, Caruso died after telling his partner that he had "shortness of breath and chest pain". Several medications were found in the room, including an anti-inflammatory drug, an opioid and blood-pressure medicine, García said.

Economy AbbVie to buy Botox-maker Allergan in $63 billion deal
Author: 0 AbbVie to buy Botox-maker Allergan in $63 billion deal

As per the terms of the transaction, AbbVie will make a cash payment of $120.30 and give 0.866 of its shares for each Allergan share. In an interview with Reuters , Richard Gonzalez, AbbVie's CEO, said the company is in a good position to acquire Allergan due to Humira sales.