Economy

Economy Check your ticket - Some Delta winners in Lotto Max
Author: 0 Check your ticket - Some Delta winners in Lotto Max

Marie, Toronto the Sault Ste. Two Maxmillions prizes, worth $333,333.40 each, were sold in the Ottawa and the Brampton area. Winners have one year to collect their prize. One player won the €500,000 prize in the Daily Millions Plus after buying their ticket at the Newstand store on Market Square, Castlebar. Co. A $5 ticket features three chances to win.

Economy Merkel voices support for Macron's proposed European defence force
Author: 0 Merkel voices support for Macron's proposed European defence force

In her words, cohesiveness among currency block members is important, "but solidarity between European partners should not lead to a debt union but help its members to help themselves". Merkel also backs the step-by-step introduction of a euro zone investment budget in the low double-digit billions of euros. "Nonetheless, such an intervention drive with a typical military-strategic tradition should match into the construction of protection cooperation", she added.

Economy Microsoft surpasses Alphabet to become third most valuable firm
Author: 0 Microsoft surpasses Alphabet to become third most valuable firm

As per a report in Investor's Business Daily this week, Microsoft had a market value of $753 Billion at the end of the day, nearly $14 Billion ahead in the race as compared to Alphabet . Microsoft is estimated today to cost 760 billion dollars, while Alphabet Inc .is estimated at $ 746 billion. At the top of the pack is Apple - which, with a market valuation of US$923 billion (A$1.218 trillion), isn't going anywhere soon.

Economy Italian populists sworn into power as Eurosceptics cheer
Author: 0 Italian populists sworn into power as Eurosceptics cheer

Lega Nord leader Matteo Salvini was named interior minister while the head of the Five Star Movement , Luigi Di Maio, became labor and economic development minister. Di Maio, whose 5-Star emerged from the inconclusive March 4 elections as the largest single party, urged Salvini to drop his insistence on Savona for the economy portfolio and agree to give him another post in the next government.

Economy Debilitated Brazilian government challenged with an oil-workers 72-hour strike
Author: 0 Debilitated Brazilian government challenged with an oil-workers 72-hour strike

Brazilian oil giant Petrobras has appointed its chief financial officer Ivan Monteiro as interim chief executive, replacing Pedro Parente who resigned on Friday morning. Liberalizing fuel prices to reflect global market rates and passing the increases on to consumers was one of Parente's first moves at Petrobras, which had long capped the price of fuel as a way to control inflation.

Economy The Visa card began to fail across Europe
Author: 0 The Visa card began to fail across Europe

Whilst Visa is investigating the cause of the failure; we recall that the Bitcoin 's decentralized network has successfully functioned 99,99% of the time since it was incepted on January 3rd, 2009. A network failure left people across the United Kingdom and Europe uable to use their cards to make transactions tonight. Manchester-based user MancBee posted a picture of a sign on the front of an Aldi supermarket that informed customers card payments were down.

Economy US Gains 223K Jobs; Unemployment At 18-Year Low
Author: 0 US Gains 223K Jobs; Unemployment At 18-Year Low

Employers appear to be shrugging off recent concerns about global trade disputes. The US economy added 223,000 jobs in May, according to the Bureau of Labor Statistics. A big reason unemployment dropped last month is the portion of Americans working or looking for jobs dipped to 62.7%. The number of employed people in the workforce rose by 293,000, the report showed, while the number of unemployed decreased by 281,000, helping push down the jobless rate.

Economy Alibaba Group unveils driverless delivery vehicle
Author: 0 Alibaba Group unveils driverless delivery vehicle

The latter vehicles, developed by RoboSense , are touted to drastically reduce costs and ensure the mass production of unmanned logistics vehicles. Unmanned cars and trucks can be equipped with smart devices, for a courier vehicle, mobile self-pickup station, mobile coffee vending cart, etc., for new retail scenarios.

Economy Dog found dead during Delta Airlines layover in Detroit
Author: 0 Dog found dead during Delta Airlines layover in Detroit

Oshan said the family is "devastated" over the incident. "There was a stop in Detroit at approximately 6 o'clock in the morning", Oshan told Good Morning America . The death last week comes months after a French Bulldog died on a United Airlines flight from Houston to NY after a flight attendant insisted the owners put the dog in the overhead carrier.

Economy China warns US trade benefits hinge on stopping tariffs
Author: 0 China warns US trade benefits hinge on stopping tariffs

The warning came after delegations led by U.S. Commerce Secretary Wilbur Ross and China's top economic official, Vice Premier Liu He, wrapped up a meeting on Beijing's pledge to narrow its trade surplus. USA treasury secretary Steven Mnuchin said on Saturday the United States wanted this weekend's talks to result in structural changes to China's economy, in addition to increased Chinese purchases of American goods.

Economy Google reportedly pitched the Pentagon a
Author: 0 Google reportedly pitched the Pentagon a "Google-earth-like" AI surveillance tool

The publication cited three sources who suggest that the update came from Google Cloud CEO Diane Greene who announced the decision at a meeting with employees this morning . If tech workers, especially in the competitive AI arena, continue to agitate for their employers to avoid ties with the military, that could mean changes for an industry that's long enjoyed a healthy relationship with the Pentagon.

Economy Amazon to introduce geoblocking to avoid new Australian tax
Author: 0 Amazon to introduce geoblocking to avoid new Australian tax

Amazon's decision to block Australian shoppers from its global online marketplaces, and instead redirect them to its Australian site , could have repercussions in New Zealand. From July 1st, Amazon's [more established] American and global websites will cease shipping to Australian addresses. However, Darren Price, a Sydney-based tech writer, points out that, up until this point, Amazon has provided a variety of items not previously available to an isolated country such as Australia .

Economy 'Troubled' Deutsche Bank backed by key investor after S&P downgrade
Author: 0 'Troubled' Deutsche Bank backed by key investor after S&P downgrade

Many of you are sick and exhausted of bad news. DZ Bank reiterated a "buy" rating on shares of Deutsche Bank in a research report on Monday, February 5th. That was one or two notches below most major European competitors. "Notably, while much of the heavy-lifting should be completed in 2018, Deutsche Bank's restructuring will likely only start bearing fruit in 2019, and only fully by 2021", it said.

Economy Air India sale exposes hurdles for Modi's divestment drive
Author: 0 Air India sale exposes hurdles for Modi's divestment drive

The government may look to raise a record 1 trillion rupees ($15 billion) from the sale of state assets in the current fiscal year that started on April 1, and Air India was expected to be a significant contributor. He indicated that there could be a rethink on the disinvestment strategy. The sources say the airline is more focused on growth at Vistara, which is expected to place an order for widebody jets in the coming months for its global operations.

Author: 0 2 winning LOTTO MAX tickets sold in Brampton

Marie, Toronto the Sault Ste. Meanwhile, Liwong Chung Ip Chuk San won a $100,000 prize in the May 26 LOTTO 6/49 Super Draw. That victor hasn't come forward, yet, to claim their six-figure prize. The winning numbers in this weekend's draw were 1, 7, 10, 17, 35, 37 and the bonus number was 43. Not a lot of information about the ticket holders whereabouts are known just yet, but what we do know is that the ticket was sold somewhere in the mid-west of the country.

Economy Vernon businesses ready for minimum wage hike: Chamber
Author: 0 Vernon businesses ready for minimum wage hike: Chamber

According to the B.C. government announcement this week, the following wage increases will be in effect June 1. The provincial government says that B.C.'s minimum wage will be increasing to $12.65 per hour on Friday. But the commission ruled such a large increase would have caused a substantial risk to employment for low income earners. "We needed to see some redress to flatlining wages and people struggling with cost-of-living pressures", Mr O'Connor told reporters in Adelaide.

Economy Total liquid fuels inventories back to normal in US, OECD
Author: 0 Total liquid fuels inventories back to normal in US, OECD

Oil prices retreated on Friday after strengthening early in the session as U.S. President Donald Trump's remarks on trade led the dollar to strengthen against other currencies, weakening greenback-denominated commodities including crude. For the week, WTI is on track for a 1.5% fall, adding to last week's almost 5% decline, while Brent is set to rise 1.3%, widening the spread between the two benchmarks.

Economy SoftBank invests $2.25b in GM's self-driving venture
Author: 0 SoftBank invests $2.25b in GM's self-driving venture

The partnership comes as leading technology companies and automakers, including Alphabet's self-driving division Waymo , and Tesla are scrambling to pioneer the market for fully autonomous cars. GM will also invest $1.1 billion in GM Cruise upon closing of the transaction, making the total new investments in Cruise over $3.25 billion. Meanwhile, Waymo, the self-driving auto division of Google parent company, Alphabet , announced it was strengthening its relationship with Fiat ...

Economy Morses Club Expects Minimal Effect From UK's FCA Proposals
Author: 0 Morses Club Expects Minimal Effect From UK's FCA Proposals

The FCA said it was also consulting on banning the sale of extended warranties when a rent-to-own contract is signed, which could save consumers up to 7.7 million pounds per year. The FCA is considering changing how it regulates overdrafts. The FCA has put forward a package of immediate reforms to overdrafts and also plans to look at the issue more widely in its upcoming review of the retail banking market.

Economy Northern Rail timetable change
Author: 0 Northern Rail timetable change

From Monday 4 June, six per cent of daily train services - that's 165 out of its normal 2,800 daily services - will be temporarily removed, until the end of July. "We are committed to working with Network Rail to get things back on track as quickly as possible, and to deliver the services our customers expect and deserve".

Economy Qantas hops into bed with Air New Zealand
Author: 0 Qantas hops into bed with Air New Zealand

Qantas soared to a record profit in February, while Air New Zealand said it was headed for its second-highest annual profit ever. The Qantas / Air New Zealand partnership will take effect from October 28 - the same day that the long-standing but often fractious trans-Tasman alliance between Air New Zealand and Virgin Australia is due to expire .

Economy Sears (and Kmart) will close these stores in Pa.
Author: 0 Sears (and Kmart) will close these stores in Pa.

After announcing a loss of $424 million for its most recent quarter, the company said it will close 72 of the almost 100 stores that are not making a profit. The company indicated a day earlier it would shutter a combined 72 Sears and Kmart locations, but pulled some from the list "as they are being evaluated further", according to a statement .

Economy Jeep and Ram focus of Fiat Chrysler Automobiles five-year plan
Author: 0 Jeep and Ram focus of Fiat Chrysler Automobiles five-year plan

The soon-to-retire executive quashed rumours that sprung up this past week that the company was considering killing off its Fiat, Chrysler and Dodge brands. The RAM truck unit aims to grow global sales by up to 30 percent and in doing so become the No. 2 commercial vehicle brand in North America. All new models for the Jeep , Maserati and Alfa Romeo brands launched in the next five years will have some version of electrified powertrains, while eliminating diesels, brand chiefs said ...

Economy Explainer: What is China's A-share MSCI inclusion on June 1?
Author: 0 Explainer: What is China's A-share MSCI inclusion on June 1?

After five years of discussions with worldwide investors, MSCI's decision on A-share inclusion recognises China's increasing importance in the global economy. This partly explains why it has taken such a long time for MSCI to start including the A-shares in its indices . A-shares (Shanghai and Shenzhen) is an $8trn plus market, so a $22bn inflow accounts for around 0.3% of the market cap.

Economy Petronas gets stake in LNG Canada
Author: 0 Petronas gets stake in LNG Canada

Ten months after abandoning its Pacific NorthWest LNG project at Port Edward's Lelu Island, Petronas has announced it's buying into the LNG Canada project proposed for Kitimat. "We expect the global LNG market to tighten post 2022 and this bodes well for the project". "The timing and outcome of an FID will be decided by joint venture participants based on global energy markets, and the overall competitiveness and affordability of the project", Shell stated.

Author: 0 Google set to end controversial Project Maven military AI program, report says

She said the decision was the result of backlash the company has faced since details of its drone warfare artificial intelligence (AI), Project Maven, were reported . " The contract is not direct with Google but through a partner (ECS) and we have terms that prevent press releases from happening without our mutual consent ", wrote Black, adding that the Defense Department " will not say anything about Google without our approval ".

Economy Trump's teasing jobs report tweet raises questions
Author: 0 Trump's teasing jobs report tweet raises questions

And late previous year, responding to criticism that he had been silent about the deaths of four US Special Forces members in Niger, the president referred the 2010 death of White House Chief of Staff John Kelly's son in Afghanistan, publicly revealing what Kelly had shared privately with him - that then-President Barack Obama did not call Kelly after his son's death.

Economy PSOE's Pedro Sanchez becomes Spain's new PM after Rajoy is voted out
Author: 0 PSOE's Pedro Sanchez becomes Spain's new PM after Rajoy is voted out

Having pulled off the improbable feat of becoming prime minister, the next challenge - forming a government with only 84 deputies from his own party in a parliament of 350 - may be even harder. "This is going to be a constant bing, bang, boom". Last year, he survived a motion of no confidence led by Podemos, a far-left party. He put Spain back onto the path of growth after a devastating economic crisis although unemployment remains sky-high, jobs precarious and many complain ...

Economy Hacker breaches Ticketfly website, steals customer database
Author: 0 Hacker breaches Ticketfly website, steals customer database

Still offline as of 5PM ET Thursday, the site, which is owned by Eventbrite , went dark before 6AM ET Thursday with the tweet: "To protect our clients and fans, and to secure the website and related data, we have temporarily taken all Ticketfly systems offline".

Author: 0 Google will end Project Maven military contract in 2019

Several Google AI employees had told The Post they believed they wielded a powerful influence over the company's decision-making: The advanced technology's top researchers and developers are in heavy demand, and many had organised resistance campaigns or threatened to leave.

Economy Passenger claims man masturbated next to her during cross-country Southwest flight
Author: 0 Passenger claims man masturbated next to her during cross-country Southwest flight

Southwest's new nonstop flights between Tucson and San Jose are scheduled to operate Sundays through Fridays starting November 4, with flights departing Tucson at 12:15 p.m. The smoke in the bathroom may have sent smoke into the cabin, leading to the fire scare. Once the plane landed in San Jose, the unidentified passenger was turned over to local authorities.

Economy Uber CEO Dara Khosrowshahi wants investment from Warren Buffett
Author: 0 Uber CEO Dara Khosrowshahi wants investment from Warren Buffett

Initially the information that appeared in medias such as Bloomberg and the Wall Street Journal was that the billionaire was preparing a deal similar to the one with Goldman Sachs in 2008. Buffett, the chairman of Berkshire Hathaway, confirmed to CNBC Wednesday that earlier this year he had discussed a sizable investment in Uber with its new CEO Dara Khosrowshahi, who is in the middle of rebranding the embattled company.

Economy San Francisco to Uber, Lyft: If your drivers aren’t employees, prove it
Author: 0 San Francisco to Uber, Lyft: If your drivers aren’t employees, prove it

Because Uber and Lyft drivers are classified as independent contractors, the majority don't get paid time off and have to pay for expenses such as gas and vehicle maintenance. O'Connor also said the court challenge alleged the bylaw "constituted illegal "bonusing" and "unlawfully discriminates between taxi drivers and Uber-type drivers with regard to the types of equipment used".