Economy

Economy Dozens injured as Air Canada flight to Sydney hits turbulence
Author: 0 Dozens injured as Air Canada flight to Sydney hits turbulence

An Air Canada spokeswoman was quoted as saying: "We are now making arrangements for the passengers including hotel accommodations and meals in Honolulu, as well as options for resumption of the flight". Air Canada said the plane landed normally at around 9:45 a.m. Vancouver time. The passengers were reportedly not wearing seatbelts when the turbulence struck without warning, and hit their heads on the ceiling.

Economy Samsung’s top man heads to Japan as export restrictions bite
Author: 0 Samsung’s top man heads to Japan as export restrictions bite

The issue has become a full-blown diplomatic dispute between the neighboring US allies. "It should no longer walk straight toward a dead-end street", Moon said in a meeting with senior executives from 30 of South Korea's biggest companies, including the Samsung , Hyundai, and SK conglomerates.

Economy 7-Eleven: Get a FREE Small Slurpee on July 11
Author: 0 7-Eleven: Get a FREE Small Slurpee on July 11

In 2019, 7-Eleven Day falls on a Thursday - that's TODAY! - so here's your chance to snag a totally free Slurpee at 7-Eleven stores nationwide . It's the summer, the clouds are rare, the sun is hot and there's no better way to cool down than jumping in a body of water or, grabbing a Slurpee from your neighborhood 7-Eleven.

Economy France adopts digital tax on tech giants like Google, Facebook
Author: 0 France adopts digital tax on tech giants like Google, Facebook

Prior investigations have covered Chinese trade practices and European Union subsidies on large commercial aircraft. The French budget is due to receive up to €500 million ($563 million) per year through the GAFA tax , and this income is expected to rise "quickly", according to the French Finance Ministry.

Economy Final Volkswagen 'Beetle' model rolls off Mexican production line
Author: 0 Final Volkswagen 'Beetle' model rolls off Mexican production line

The employees wore bright yellow tops bearing the words: Thanks Beetle , as the unveiling proceeded in a festive atmosphere tinged with nostalgia for a auto that has generated a loyal following like nearly no other. The 1968 movie "The Love Bug,"which featured a zany anthropomorphic vehicle, stoked Beetle fever". Powered by an air-cooled engine instead of a water-cooled one, its simple mechanics meant it was a cheap and durable vehicle that can be used by all during the postwar era.

Economy Delta flight has emergency landing after engine catches fire
Author: 0 Delta flight has emergency landing after engine catches fire

Footage posted to social media by passenger Logan Webb shows one of the engine's nose cones, also known as a spinner, being tossed around a jet turbine. "I had a weird, eerie sense of calm over me, like I nearly knew that they were going to take care of it, and they did", Porch said. "We heard and felt everything ", he told ABC11 .

Economy Trade, growth concerns continue to weigh on USA economy
Author: 0 Trade, growth concerns continue to weigh on USA economy

Since Fed officials met last month, when they chose to hold rates steady, "uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the USA economic outlook", he wrote. "It needs a careful look, so I strongly believe we all need to be taking our time with this". "Many judged additional monetary policy accommodation would be warranted in the near term should these recent developments prove to be sustained and continue to weigh on the ...

Economy Bank of Canada keeps key interest rate steady at 1.75%
Author: 0 Bank of Canada keeps key interest rate steady at 1.75%

And although trade tensions cloud the future, inflation is on target, the housing market is stabilizing and the central bank believes the economy appears to be returning to potential growth despite lowered projections. Closer to home, direct trade actions are also having an impact on Canada. These include new Chinese trade restrictions on Canadian agricultural goods, the bank said.

Economy Oil rises on supply cuts, Mideast tensions; trade worries cap gains
Author: 0 Oil rises on supply cuts, Mideast tensions; trade worries cap gains

The solar units behind an oil pump outdoors Saint-Fiacre, close to Paris, France March 28, 2019. USA crude futures rose $1.55, or 2.7%, to $59.38 a barrel in early Wednesday trade. -China trade war that has dampened prospects for global economic growth. Hedge funds offered new Brent futures and choices final week as issues in regards to the world economy trumped the decision by the Organization of the Petroleum Exporting Countries and its allies to extend output cuts.

Economy IBM closes world's second biggest IT deal to take on Microsoft, Amazon
Author: 0 IBM closes world's second biggest IT deal to take on Microsoft, Amazon

It changes everything about the cloud market", said Ginni Rometty, IBM CEO, Chairman and President. There's much talk Red Hat's independence being preserved but, of course, it will now be taking orders from IBM . "Over the next five years, IDC expects enterprises to invest heavily in their journeys to the cloud, and innovation on it. A large and increasing portion of this investment will be on open hybrid and multi-cloud environments that enable them to move apps, data and workloads ...

Economy China’s June producer prices and consumer price index
Author: 0 China’s June producer prices and consumer price index

Companies in the sectors of medical equipment and semiconductor were among the biggest gainers, with Andon Health Co., Ltd. seeing its share price rise by the daily 10-percent limit to 5.69 yuan a share. At the same time, however, he and other top policymakers have reiterated that China will not resort to large-scale stimulus. Chinese stocks ended lower on Tuesday, tracking overnight weakness on the Wall Street, after strong USA jobs data dimmed hopes of an aggressive rate cut by the Federal ...

Economy Futures Turn Positive After Fed Chief Powell's Remarks
Author: 0 Futures Turn Positive After Fed Chief Powell's Remarks

Gold was down 0.4% at $1,396. Futures for the Dow Jones Industrial Average dropped 60 points to 26,726.00, while the Standard & Poor's 500 index futures fell 6.6 points to 2,976.00. Though the threatened tariffs on Mexico never materialized and China and the United States have agreed to resume talks to reach a trade deal, that "did little to alleviate the uncertainty that Fed officials believe is contributing to cooling momentum in global trade and domestic capex plans", Deutsche Bank's ...

Economy Facebook Defends Libra in the US Senate, Has No Plans for India
Author: 0 Facebook Defends Libra in the US Senate, Has No Plans for India

PBoC officials voiced worries that the new digital currency could have destabilising effects on the financial system and stated the bank would step up its own efforts to create an e-currency. Wang's discussion of the matter indicates it might also be used as a reference for bank interest rates on deposits. Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C.

Economy Burger King Just Added $1 Crispy Tacos to Menus Nationwide
Author: 0 Burger King Just Added $1 Crispy Tacos to Menus Nationwide

The double costs £5.49 and the double meal £7.49. The Crispy Taco is made up of a hard tortilla shell, seasoned ground beef, shredded cheddar cheese and lettuce topped with a special taco sauce. "Bringing halloumi to the masses, Burger King are excited to be amongst the first quick service restaurant to offer halloumi burgers to the highstreets, stations and airports, all at an accessible price!" We just can't wait to try it.

Economy France to impose green tax on plane tickets to curb emissions
Author: 0 France to impose green tax on plane tickets to curb emissions

The tax is expected to raise about €180m ($202m; £162m) from 2020, said Transport Minister Elisabeth Borne. Shares in Air France/KLM and budget airlines EasyJet and Ryanair dropped following the announcement. "The government is finally targeting tax breaks for the most polluting industries such as trucking and airlines, but these modest measures will not significantly reduce greenhouse gas emissions ", said Climate Action Network's Lorelei Limousin.

Economy RECALL ALERT: Toy Story 4 'Forky' toy recalled for choking hazard
Author: 0 RECALL ALERT: Toy Story 4 'Forky' toy recalled for choking hazard

Consumers are being told to return the product immediately. The plush toy has the following tracking numbers; FAC-024868-18338, FAC-024868-19032, FAC-024868-19060, and FAC-024868-19091. It's not trash, but the U.S. Consumer Product Safety Commission is saying "Forky" could be unsafe for young children. About 80,000 of the toys, which were made in China, have been distributed, according to a news release.

Economy Virgin Galactic to become first space-tourism company to go public
Author: 0 Virgin Galactic to become first space-tourism company to go public

Primarily, the company was in talks with Saudi Arabia for a $1 billion capital infusion, however, Branson walked away from the deal after the murder of Saudi journalist Jamal Khashoggi . Branson has already invested more than $1.0 billion in the project since 2004, while a similar proposed Saudi capital injection was suspended past year following the killing of journalist Jamal Khashoggi.

Economy FCC proposes new robocall rules targeting texts, foreign calls
Author: 0 FCC proposes new robocall rules targeting texts, foreign calls

The former piece of legislation made the act of scamming people by phone using a faked or "spoofed" number an offense with potential civil and criminal penalties. Enforcement actions could include seizing USA assets of foreign companies found to be spoofing calls to United States numbers. Last year, the FCC enforced carriers to implement the SHAKEN/STIR standards for all wireless carriers to verify the authenticity of incoming calls.

Economy Instagram Introducing Shadow Banning to Deal With Online Bullying
Author: 0 Instagram Introducing Shadow Banning to Deal With Online Bullying

The initiative comes after Instagram has come under fire for not doing enough to tackle online bullying . In an announcement published Monday, Instagram said it will be encouraging positive interactions powered by artificial intelligence (AI), notifying a publisher that their words may be considered offensive.

Economy Tesla to offer self-driving chip upgrade for older models
Author: 0 Tesla to offer self-driving chip upgrade for older models

The new FSD chip is the first chip designed in-house and Tesla says 21 times more performant in comparison to the Nvidia chips it replaces. Once Tesla figures out how to align the FSD software with the promise of a fully autonomous auto, the latter option would likely generate much more profit for the company in the long run than selling its cars to consumers.

Economy Chick-fil-A Offers Free Food for Cow Appreciation Day
Author: 0 Chick-fil-A Offers Free Food for Cow Appreciation Day

But you have to make some big moooooves first. The only possible downside is that the free entrées for Cow Appreciation Day can not be redeemed with the Chick-fil-A app. The deal is redeemable for some of Chick-fil-A's most beloved entrees, including the chicken sandwich, chicken nuggets and the breakfast chicken biscuit.

Economy Bill Gates says Steve Jobs 'cast spells' to motivate Apple staff
Author: 0 Bill Gates says Steve Jobs 'cast spells' to motivate Apple staff

During the interview , Gates referred to Jobs as a "master at casting spells" in order to keep Apple boat sailing and become the most powerful tech company it is today. "Steve is a very singular case, where the company really was on a path to die and it goes and becomes the most valuable company in the world with some products that are really quite fantastic.

Economy Volkswagen electrifies Goodwood's all-time hill record
Author: 0 Volkswagen electrifies Goodwood's all-time hill record

Set at the very end of Saturday just gone, the electric machine set a sensational 30.90-second time along the 1.16-mile tarmac stretch with Le Mans victor Romain Dumas at the helm. The previous record was set in 2017 by Peter Dumbreck, who was driving a Nio electric vehicle. It was outfitted with smaller battery than what it used on Pikes Peak International Hill Climb and Nurburgring .

Economy Turkish lira weakens 2.1pc after cenbank governor sacked
Author: 0 Turkish lira weakens 2.1pc after cenbank governor sacked

The following circumstance shows that this was not a "usual consensual separation". Central bankers were the rock stars of high finance in the aftermath of the financial crisis of 2008. Comment from our side: The mechanism works exactly the other way round. With rising interest rates inflation can usually be contained, as it has happened in Turkey in recent months ( see here ).

Economy Several eye drops and ointment sold at Walgreens and Walmart recalled
Author: 0 Several eye drops and ointment sold at Walgreens and Walmart recalled

Altaire Pharmaceuticals Inc. makes their products for Perrigo Company PLC. A specific list of the items being recalled is available on the FDA website . The expiration dates range from August 2019 to May 2022. Just as the allergy season is in full effect, a few popular eye drop brands have been recalled by the FDA.

Economy Amazon Prime Day: when does it start and when does it end?
Author: 0 Amazon Prime Day: when does it start and when does it end?

Prime Day is Amazon's flagship event exclusively for Prime members that offers new product launches, best deals, blockbuster video titles, celebrity curated music playlists, and more. We wanted a way to showcase hundreds of exclusive launches and bring them closer to customers. Amazon will launch 1000+ new products in honor of its Prime Day celebration by having partnered with popular brands including JBL, Sennheiser, Intel, Samsung, LG, Whirlpool, UCB, Marks & Spencer, Kate Spade, ...

Economy Amazon Minnesota warehouse workers plan ‘Prime Day’ strike
Author: 0 Amazon Minnesota warehouse workers plan ‘Prime Day’ strike

While CEO Jeff Bezos announced in October that Amazon would raise its minimum wage to $15 per hour - well ahead of the $11 per hour offered by Walmart, the nation's largest private-sector employer - the company has long faced criticism for the reported grueling pace, strict hourly quotas and strenuous physical labor that some say distribution center workers are expected to keep up with or risk losing their jobs.

Economy Oil Minister Zanganeh says hopeful Iran's oil exports will improve
Author: 0 Oil Minister Zanganeh says hopeful Iran's oil exports will improve

On Friday, August West Texas Intermediate crude rose 17 cents, or 0.3%, to settle at $US57.51 a barrel in NY. Meanwhile, there are still concerns about the outlook for energy demand due to economic slowdown and continued uncertainty about China and the USA agreeing on a long term trade deal.

Economy Outage problems at Rogers Wireless cause intermittent service
Author: 0 Outage problems at Rogers Wireless cause intermittent service

Sunday but those problems were resolved about 1 a.m. Monday. "Voice services are restoring with a very limited number of customers experiencing intermittent interruption to voice calls", said Rogers spokesperson Michelle Kelly. Rogers said that 911 service was restored to all customers on Sunday night. Sunday evening, the police service in London, Ont., told residents to avoid using Rogers phones to contact 911, telling them instead to use a Bell phone or a landline.

Economy CannTrust faces Health Canada problems, warns of product shortages
Author: 0 CannTrust faces Health Canada problems, warns of product shortages

Toronto-listed shares of the company were down 16% at C$5.42 in morning trade after touching C$5.03. The announcement is "somewhat unprecedented" for a cannabis company selling to the legal market, and CannTrust may be forced to destroy all the product in question, Brochstein said.

Economy Erdogan: Russia preparing S-400 systems for delivery to Turkey
Author: 0 Erdogan: Russia preparing S-400 systems for delivery to Turkey

U.S. President Donald Trump met with Erdogan on the sidelines of last month's G20 summit in Osaka, urging him not to proceed with the purchase of Russia's advanced S-400 ground-to-air defense system. USA stock index futures were slightly lower on Monday as investors feared that an interest rate cut by the Federal Reserve may be less likely now after the June employment report released by the Labor Department last week showed employers added a solid 224,000 jobs.

Economy Federal Reserve unlikely to cut rates this month: Scaramucci
Author: 0 Federal Reserve unlikely to cut rates this month: Scaramucci

President Donald Trump wrapped up the weekend as he started it, jawboning the Federal Reserve to lower interest rates at a time when he may be sizing up his two latest picks for Fed governor as successors to Chairman Jerome Powell. Beyond that, policymakers at the Federal Open Market Committee meeting this month will discuss whether the USA needs an "insurance cut" amid a slowing global economy, trade frictions and low inflation.