Economy

Economy S. Korea urges Japan to lift export restrictions
Author: 0 S. Korea urges Japan to lift export restrictions

South Korea has clinched a series of free trade agreements with major trading partners, including the US and China, as well as Chile, Peru and Colombia, in recent years as part of its efforts to boost growth in the country's export-driven economy.

Economy Deutsche Bank to cut 18000 jobs over three years
Author: 0 Deutsche Bank to cut 18000 jobs over three years

It said it would cut roughly a quarter of its total cost base through steps such as dropping the investment bank's stock-trading business. "But do not ask questions", said one who confirmed he was employed at Deutsche Bank, but declined to comment further.

Economy Huawei’s CEO claims HongMeng OS is faster than Android
Author: 0 Huawei’s CEO claims HongMeng OS is faster than Android

After the entire Trump administration saga which forced Google to quit its business with Huawei, the Chinese telecom giant announced that it was working on its very own Android alternative - HongmengOS. He also said that the new operating system will be much faster than Google's Android and Apple's OS. Huawei signage are pictured at a mobile phone shop in Singapore.

Economy Salmonella Outbreak Linked To Many Dog Foods
Author: 0 Salmonella Outbreak Linked To Many Dog Foods

Some dogs infected with salmonella may not appear to be sick. More specifically, "of 24 people with available information, 17 reported contact with pig ear dog treats or with dogs who were fed pig ear dog treats", the agency added. Salmonella bacteria is found in the intestines of animals, especially pigs and chickens and spread through feces. Iowa has the highest number of ill people (12), while MI and NY follow behind with 7 and 6, respectively.

Economy Amazon Keeps Alexa Voice Recordings Indefinitely
Author: 0 Amazon Keeps Alexa Voice Recordings Indefinitely

In his public response to the letter , Coons expressed concern that it shed light on the ways Amazon is keeping some recordings. " Amazon's response leaves open the possibility that transcripts of user voice interactions with Alexa are not deleted from all of Amazon's servers, even after a user has deleted a recording of his or her voice", Coons went on to say in his response to the letter .

Economy Deutsche to slash 18,000 jobs over the next three years
Author: 0 Deutsche to slash 18,000 jobs over the next three years

In May, CEO Christian Sewing told shareholders he was ready to make "tough cuts" to improve the struggling bank's profitability and to raise a "disappointing" share price. The change is created to accelerate the shift away from acting as the first port of call for institutional clients such as asset managers and hedge funds toward selling cash management, trade finance and hedging products to corporate clients.

Economy Dogecoin Hits Over 30% Gains Following Binance Listing
Author: 0 Dogecoin Hits Over 30% Gains Following Binance Listing

He declared that there would not be any firm metrics to be listed , but if the crypto-project has a good-working product and an enormous level of users get interested in it, then it will be listed on the exchange without a second thought. "The users/community is large, and a famous "ex-CEO" (cough @ elonmusk ) helps!" Other notable figures in the crypto community such as Ethereum founder Vitalik Buterin and cybersecurity expert turned crypto enthusiast John McAfee have mentioned ...

Economy Economy adds 224,000 jobs in June rebound
Author: 0 Economy adds 224,000 jobs in June rebound

The US jobs engine added 224,000 net new positions last month, smashing forecasts , the Labour Department said in the closely watched report, while the unemployment rate ticked up to 3.7 per cent as more workers stepped off the sidelines to enter the labour force.

Economy Daimler and BMW Join hands to Deploy Self-Driving Automotive Technologies
Author: 0 Daimler and BMW Join hands to Deploy Self-Driving Automotive Technologies

In February, the long-time rivals in the sports sedan market partnered up to develop autonomous vehicle technology that both companies would implement into their own vehicles. The timeline seems to be moving along rapidly, but the brands haven't forgotten about the most important thing when it comes to self-driving cars: safety.

Author: 0 Pet Supplies Plus recalls pig ear dog treats over possible salmonella contamination

The Michigan Department of Agriculture and Rural Development (MDARD) on Wednesday issued a consumer advisory for pig ears sold in bulk at retailers statewide because the pet treats have the potential to be contaminated with Salmonella . Of the 38 infected people interviewed by the CDC, 34 said they had come into contact with a dog prior to contracting the illness. Pets with Salmonella infections may be lethargic and have diarrhea or bloody diarrhea, fever, and vomiting.

Economy BMW X7 Pickup revealed as one-off luxurious powerhouse
Author: 0 BMW X7 Pickup revealed as one-off luxurious powerhouse

The one-off vehicle is exactly what you expect it to be, where a standard X7 gets chopped up so the third-row seats no longer exist, and in its place is a flatbed that will accommodate an F 850 GS motorcycle . In fact, the trainees saved an X7 pre-production test vehicle from being scrapped as a low-priced solution for a basis of their development. The entire project was completed without any expert assistance normally provided in concept vehicle construction, so the show auto quality ...

Economy Budget 2019: Public-private partnerships to develop rail infrastructure
Author: 0 Budget 2019: Public-private partnerships to develop rail infrastructure

India will inject another 700 billion rupees ($10.2 billion) into state banks, giving them a bigger cushion to absorb loan losses and bolster credit growth at a time when the country's shadow banks are in retreat. Banks have steering clear of any lending to them after IL&FS defaulted on payments to them, dragging down as many as eight banks with them. "NBFCs are playing an extremely important role in sustaining consumption demand as well as capital formation in small and medium industrial ...

Economy Budget to push electric mobility
Author: 0 Budget to push electric mobility

Ltd. To further increase the popularity of EVs, there will be an income tax deduction of ₹ 1.5 lakh for interest paid on the loans taken to purchase electric vehicles. This is the first time that electric vehicles have been proposed to become a direct tax beneficiary. Mahindra & Mahindra Ltd, the country's largest electric vehicle maker and also the second-largest maker of sport-utility vehicles, closed 4.4% lower while Maruti Suzuki India Ltd and Tata Motors Ltd fell 2.7% and 3%, ...

Economy Amazon Founder Bezos' Divorce Final; Settlement $38B
Author: 0 Amazon Founder Bezos' Divorce Final; Settlement $38B

Bloomberg reported she would be 22nd on its Bloomberg Billionaires index , a "ranking of the world's 500 richest people". A U.S. court has ruled that Amazon founder Jeff Bezos' wife MacKenzie , will get a 4% stake in the tech giant.

Author: 0 United States employers added 224000 Jobs while the unemployment rate slightly rose

With July marking the longest economic expansion on record, it is a testament to the strength of the Administration's economic policies that the economy continues to generate monthly job gains of this magnitude. "But we don't have a Fed that knows what they're doing". Total nonfarm payroll employment increased by 224,000 in June, while the unemployment rate was little changed at 3.7%, according to data from the Bureau of Labor Statistics .

Economy The Lotus Evija is a zero-emissions hypercar
Author: 0 The Lotus Evija is a zero-emissions hypercar

We have been hearing about the Lotus Type 130 hypercar for some time and now Lotus has revealed it is called the Lotus EVIJA . Lotus says the name reflects Lotus' reputation as a pioneer and innovator in the automotive and motorsport sectors.

Economy Gold Ends Lower As Dollar Rises On Upbeat Jobs Data
Author: 0 Gold Ends Lower As Dollar Rises On Upbeat Jobs Data

Women look at gold jewellery at a shop in Istanbul, Turkey, May 9, 2019. The metal is set for a weekly decline of about 1%, which could be its biggest since mid-April. "Most of the markets though, still see some kind of cut but it pulls away that expectation of a 50-basis-points cut and most what can be expected is a quarter-basis-point cut", Gaffney added.

Economy U.K. Regulator Blocks Amazon's Investment in Deliveroo
Author: 0 U.K. Regulator Blocks Amazon's Investment in Deliveroo

Britain's competition regulator said Friday it had begun an investigation into an $575 million investment led by Amazon in the London-based food-delivery service Deliveroo , the latest effort by a government to potentially check the reach of a technology giant.

Economy The Stranger Things 3: The Game Is Out Now
Author: 0 The Stranger Things 3: The Game Is Out Now

Maya told us that her parents were big fans of Stranger Things , and that they even beat her to it. Unbreakable Kimmy Schmidt's Ellie Kemper in the titular role. As previously rumoured Fortnite is featuring the hit Netflix show Stranger Things , the third season of which went live on the streaming platform this morning.

Economy Chinese police arrest man who allegedly poured water over Baidu CEO's head
Author: 0 Chinese police arrest man who allegedly poured water over Baidu CEO's head

Li reacted calmly to the freaky incident, simply asking: "What's your problem?" The incident took place at the start of Baidu Create 2019, a yearly gathering where the company shows off its advances in AI. "Someone "threw cold water" at us at today's AI conference", the statement said, and then echoed Li's quip about "unexpected turns". In 2016, the company faced criticism when a student with cancer died after seeking a treatment advertised on Baidu.

Economy Decision on Jim Beam fire a 'day or two' away
Author: 0 Decision on Jim Beam fire a 'day or two' away

The Kentucky Energy and Environment Cabinet said in a news release that runoff from the fire is expected to create low dissolved oxygen levels in the Kentucky River and its tributary, Glenns Creek, which could result in substantial fish kills.

Economy US job growth accelerates
Author: 0 US job growth accelerates

Nonfarm payrolls increased by 224,000 jobs last month as government employment rose by the most in 10 months, and construction and manufacturing hiring regained speed. Wage growth also came in a touch weaker than expected in June, 0.2%, and kept the year-ago change at 3.1%. Friday's jobs report reflects conditions in the middle of June, after the threat of tariffs on Mexico was lifted, but before President Trump met with Chinese President Xi Jinping last weekend and agreed not to impose ...

Economy London area jobless rate down slightly
Author: 0 London area jobless rate down slightly

Matthew Stewart, director of national forecast for the Conference Board of Canada, said Friday that job gains have "remained exceptionally strong" even though economic growth had a weak start to the year. The province added about 2,500 new jobs from May to June. "Moreover, the details of June were a bit more encouraging with a 24,000 climb in full time employment and the weakness concentrated in "self employment", as paid jobs gains a hefty 39,000".

Economy USA economy beats projections with 224,000 jobs in June
Author: 0 USA economy beats projections with 224,000 jobs in June

The day before the Fourth of July, the stock market closed at record highs . Three years after voting to quit the European Union, it remains unclear whether the United Kingdom can secure a transition deal by the October 31 Brexit deadline, or whether uncertainty, which has dragged on the economy, will be further prolonged.

Economy India releases budget to get growth back up
Author: 0 India releases budget to get growth back up

She also said that local sourcing norms of 30% would be eased for foreign direct investment in the single-brand retail sector, a demand put forward by several multinational companies. Currently, India imposes a 10% surcharge where total income is between 5 million rupees and 10 million, and 15% on income above 10 million rupees. This move is definitely going to make electric two-wheelers and electric cars more affordable.

Economy Jaguar Land Rover to build electric XJ auto at Castle Bromwich plant
Author: 0 Jaguar Land Rover to build electric XJ auto at Castle Bromwich plant

The auto maker also confirmed that the all-electric XJ luxury sedan will be a part of the fleet that will be made at the United Kingdom plant. FILE PHOTO: New Land Rover cars are seen in a parking lot at the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12, 2016.

Economy Flight makes emergency landing after phone charger catches fire
Author: 0 Flight makes emergency landing after phone charger catches fire

That was disputed by one passenger, Maria, who told the BBC she had been speaking to her friend when his seat caught fire. All 217 passengers and crew were safely evacuated. Our crew responded immediately and the plane has landed safely in Boston . The airline added that it was investigating the incident to "fully understand the circumstances".

Economy Watch Tesla Model 3 Get Crashed in Europe, Earns Top Rating
Author: 0 Watch Tesla Model 3 Get Crashed in Europe, Earns Top Rating

The Tesla Model 3 made a strong debut with a ideal score in the frontal offset deformable barrier crash test, a mainstay of Euro NCAP's assessment since its inception in 1997. The Tesla Model 3 on display in Los Angeles, California. Euro NCAP has released safety ratings for six new vehicles, including the new Mercedes-Benz GLE and new B-Class .

Economy U.S. Employers Stepped Up Hiring, Adding 224,000 Jobs in June
Author: 0 U.S. Employers Stepped Up Hiring, Adding 224,000 Jobs in June

That rate cut, expected later this month, could now be in doubt. That scenario may be less likely now. The Dow Jones Industrial Average fell 98.25 points, or 0.36 per cent, at the open to 26,867.75. The construction industry, which had been adding jobs at an annual rate of more than 300,000 at the start of this year, is now adding positions at an annual rate of 215,000.

Economy Full income tax package passes parliament
Author: 0 Full income tax package passes parliament

Centre Alliance extracted a deal over action on gas prices. Independent Senator Jacqui Lambie has confirmed her support. As a result, more than 10 million Australians will receive a tax cut worth up to 1,080 Australian dollars (758.6 US dollars) effective immediately under the first stage of the 10-year plan.

Economy Australian FIs team up for Lygon blockchain pilot
Author: 0 Australian FIs team up for Lygon blockchain pilot

The practice could also be applied to other sectors creating potentially billions in savings, according to Lygon's creators. In 2017, ANZ , Westpac , and Scentre Group declared the completion of a blockchain based trial with IBM .

Economy Amazon can be held liable for third-party seller goods
Author: 0 Amazon can be held liable for third-party seller goods

The ruling could be significant for Amazon, given that third-party sales account for a major portion of Amazon.com's e-commerce business. The battle over whether products which aren't sourced by Amazon but distributed via its websites and apps has raged in the United States for some time, with previous attempts to get them to play the game going in their favour.

Author: 0 HP, Microsoft, Dell and more to shift production out of China

Trump and Chinese President Xi Jinping agreed at the recent G20 meeting in Osaka to allow USA companies to sell products to Chinese tech giant Huawei. For the time being, however, no final decision is believed to have been made, albeit leaving China appears to become an option for more and more American companies.

Economy Oil set for weekly loss on weak economic data
Author: 0 Oil set for weekly loss on weak economic data

August West Texas Intermediate crude was up 18 cents, or 0.3%, to $56.43 a barrel on the New York Mercantile Exchange. Prices increased 2.3 per cent on Wednesday. New orders for USA factory goods fell for a second straight month in May, government data showed Wednesday, adding to economic concerns. The weak United States data followed a report of slow business growth in Europe last month as well.