Economy

Economy Microsoft staff demand company ends contract with 'inhumane' U.S. border patrol agency
Author: 0 Microsoft staff demand company ends contract with 'inhumane' U.S. border patrol agency

We are also a beacon of hope for those who need it the most. Nadella sent an email to all employees, calling the administration's policy "cruel and abusive". Other tech companies have been criticized for their working relationships with the government. Even Microsoft's chief executive officer (CEO) Satya Nadella also condemned the move, that too quite harshly.

Author: 0 Trump assails Canadian tariffs, accuses people of smuggling U.S. goods home

U.S. President Donald Trump has unleashed another attack against Canada, accusing this country of so unfairly charging duties on U.S. goods that Canadians are driven to smuggle consumer items across the border between the two countries. "We want to be the smart country", he said to cheers and applause. "Tariff imposition of this nature would be devastating for the auto industry in Ontario", O'Toole said.

Economy Sign to report non-English-speaking workers sparks outcry
Author: 0 Sign to report non-English-speaking workers sparks outcry

If this story from your Baltimore store is true, I will NEVER buy a dunking donuts product again. The sign caused a social media uproar. A sign that promised customers free coffee and pastries for reporting staff who were shouting in a language other than English has been removed from a Baltimore Dunkin' Donuts franchise following an outcry.

Economy McDonald's Will Test Plastic Straw Alternatives in the US
Author: 0 McDonald's Will Test Plastic Straw Alternatives in the US

Two weeks ago, A&W Canada announced that it will eliminate plastic straws from its locations by January 2019, making it the first restaurant chain of its kind in North America to do so. Most people do not necessarily use the straws when it comes to gulping a soft drink. The campaigns against straws gained momentum following the BBC's Blue Planet II series which highlighted the danger plastic poses to marine life.

Author: 0 Trump orders tariffs on $200B more Chinese goods

A Commerce Ministry statement criticized the USA measures as "extreme pressure and blackmail". In contrast, the United States exported only about $130 billion worth of goods to China a year ago, so Beijing has far less room to raise tariffs in a way that would immediately affect trade.

Economy Tesla employee sabotaged the company, Musk tells staff
Author: 0 Tesla employee sabotaged the company, Musk tells staff

The CEO, who warned that there may be "considerably more to this situation than meets the eye", said they still need to determine whether the saboteur was working alone, with other Tesla employees, or with outside organizations. Please be extremely vigilant , particularly over the next few weeks as we ramp up the production rate to 5k/week. Musk said the reorganisation did not affect hourly-paid assembly-line employees and was not expected to delay manufacturing targets.

Economy Renewed U.S.-China trade spat boosts safety demand for yen
Author: 0 Renewed U.S.-China trade spat boosts safety demand for yen

President Donald Trump inched closer to an all-out trade war by unveiling plans to impose 10 per cent tariffs on an additional $200 billion worth of Chinese goods if Beijing doesn't bend to USA demands. The U.S. imported $505 billion of goods from China previous year and exported about $130 billion, leaving a 2017 trade deficit of $376 billion, according to U.S.

Economy This Tesla didn't crash. But it did catch fire
Author: 0 This Tesla didn't crash. But it did catch fire

McCormack captured and shared a video with flames shooting from beneath the Tesla . Tesla cars are 10 times less likely to catch fire than gasoline-fueled cars, the automaker said, citing data from the National Fire Protection Association and U.S.

Economy Trump Threatens China With Fresh Tariffs On $200 Billion Of Imports
Author: 0 Trump Threatens China With Fresh Tariffs On $200 Billion Of Imports

China threatened retaliatory tariffs of $50 billion this year when Trump first ordered his officials to consider an additional $50 billion. "China trade remains a lingering theme, at least until the USA tariffs take effect early in July", said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo.

Economy Trump to announce nominee to lead CFPB
Author: 0 Trump to announce nominee to lead CFPB

Kraninger is expected to continue Mulvaney's push to make the bureau more business friendly. "I think it's a wonderful story but I'm not now having discussions with the White House on it", Issa said, adding that he has not been "contacted as now in line for it".

Economy Who is Sandeep Bakhshi, the new ICICI Bank COO
Author: 0 Who is Sandeep Bakhshi, the new ICICI Bank COO

The bank said he will be responsible for handling all the businesses and corporate centre functions at the bank. "In line with the highest levels of governance and corporate standards, Ms. Ms Kochhar has been facing allegations made by a whistleblower about sanctioning of loans to the Videocon Group in lieu of investments made in the companies promoted by her husband.

Economy President Trump Highlights Detrimental Impact of Migrant Crisis on Europe
Author: 0 President Trump Highlights Detrimental Impact of Migrant Crisis on Europe

BAVARIAN BEEF Merkel has had an often-tense history with Seehofer, and their relationship became really hard after Merkel's 2015 decision to keep Germany's borders open as migrants streamed across the Balkans. Mrs Merkel has asked the CSU to give her two weeks to come up with bilateral deals with some countries, such as Italy and Greece, similar to one agreed between Turkey and the European Union in 2016.

Economy Global stocks, oil suffer as U.S.-China trade spat heats up
Author: 0 Global stocks, oil suffer as U.S.-China trade spat heats up

Beijing responded by saying it would hit 659 United States goods worth $50bn with a similar tax. A spokeswoman for the U.S. Trade Representative's Office said that the new list of $200 billion in Chinese goods targeted for 10 percent tariffs would replace the previous $100 billion list that Trump ordered to be prepared in early April as a response to China's first round of $50 billion in retaliatory tariffs.

Economy Trump escalates China trade war with extra tariffs
Author: 0 Trump escalates China trade war with extra tariffs

President Trump said the new tariffs will go into effect unless China ends its malicious trade practices. "China's threat "clearly indicates its determination to keep the United States at a permanent and unfair disadvantage", Trump said Monday".

Author: 0 CYBG to acquire Virgin Money for £1.7bn in shares

The owner of the Clydesdale Bank, Yorkshire Bank and B brands said the terms of the agreement will see each Virgin Money share exchanged for 1.2125 shares in the new combined group. It would be the main bank for just 2 percent of high street customers compared with around 24 percent for market leader Lloyds Banking Group, according to data from industry body RFi Group.

Economy Google to invest $550 million in Alibaba's rival JD.com
Author: 0 Google to invest $550 million in Alibaba's rival JD.com

Meanwhile, Google needs to win back product searches from American e-commerce giant Amazon if it hopes to stay relevant in the space. Google has made investments in China, released products there and opened up offices that include an AI hub , but now it is working with JD.com largely outside of China.

Economy Audi CEO detained in diesel emissions case
Author: 0 Audi CEO detained in diesel emissions case

Prosecutors said last week they had searched Stadler's home for evidence as part of an investigation that has been underway for over a year. Martin Winterkorn, the former chief executive officer of Volkswagen, was indicted in May by USA prosecutors.

Author: 0 Audi CEO arrested - Volkswagen

CEO Rupert Stadler was detained on Monday on suspiscion of fraud, according to prosecutors in the city of Munich . Stadler's arrest is the most high-profile yet in the dieselgate crisis, which started when the Volkswagen group admitted in 2015 to equipping some 11 million diesels worldwide with "defeat devices" created to dupe pollution tests.

Economy Tesco hits 4-year high after Booker sales lift
Author: 0 Tesco hits 4-year high after Booker sales lift

Shares in Tesco (LON: TSCO ) have advanced in today's session as Britain's biggest grocer updated investors on its first-quarter performance, posting a rise in like-for-like sales. Sales in the quarter were also boosted by Booker, the wholesaler and distributer Tesco recently acquired for 3.7 billion pounds. The supermarket's general merchandise sales dragged on total sales growth, although like-for-like clothing sales ticked up 1.7 per cent.

Economy McDonald's to switch to paper straws in U.K., Ireland
Author: 0 McDonald's to switch to paper straws in U.K., Ireland

The company reportedly uses about 1.8 million straws a day in the United Kingdom , and it has committed to having 100 percent of its packaging come from "renewable, recycled, or certified" sources by 2025. Momentum is increasing in the U.S.to eliminate the use of plastic straws. The European Union proposed a ban on 10 single-use plastic products to reduce the amount of plastic garbage that is found in their countries' beaches and bodies of water.

Economy Elon Musk to build high-speed commuter system in Chicago
Author: 0 Elon Musk to build high-speed commuter system in Chicago

He scoffed at critics who question the still-unproven technology or the city's ability to achieve what's been a goal at City Hall for more than a decade. "Maybe we are not bearing financial risks today, but we might bear financial risk in the future", Battle said, if the project advances but faces unforeseen fiscal or construction challenges.

Economy Canada Goose (GOOS) Shares Up 25.7% After Analyst Upgrade
Author: 0 Canada Goose (GOOS) Shares Up 25.7% After Analyst Upgrade

Canaccord Genuity raised their price objective on shares of Canada Goose from $48.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, June 6th. Renaissance Technologies LLC bought a new position in Canada Goose in the 4th quarter worth approximately $6,798,000. "The experience of shopping in a Canada Goose store is both a walk through our history and an opportunity to discover how we continue to innovate for the future", said Dani Reiss, president and CEO of ...

Economy McDonald’s to test paper straws at some US restaurants this year
Author: 0 McDonald’s to test paper straws at some US restaurants this year

It's bad enough that plastic tossed into landfills never degrades, but billions of tons of plastic have ended up in the world's oceans over the years. The new straws will use paper coming from certified sustainable sources, the company said. "Together with our customers, we can do our bit for the environment and use fewer straws".

Economy China's ride-hailing giant Didi to launch in Australia
Author: 0 China's ride-hailing giant Didi to launch in Australia

The ridesharing company's app can be downloaded in Australia starting on June 15, with discounts being available starting from June 25 until July 31. Didi Chuxing , China's dominant ride-hailing company, is continuing its worldwide expansion after it announced plans to launch in Australia this month.

Economy European Central Bank to end bond purchases by year end, Economy News & Top Stories
Author: 0 European Central Bank to end bond purchases by year end, Economy News & Top Stories

Global stocks slipped back in the morning after the Fed warned that the "punch bowl" will be pulled away from investors at an even quicker pace than anticipated . Interest rates remained unchanged at the ECB's June meeting. US President Donald Trump was planning to meet with trade advisers later to decide whether to activate the tariffs, a senior administration official said on Wednesday.

Economy BHP Billiton sets out $2.9 billiton expenditure for South Flank iron ore
Author: 0 BHP Billiton sets out $2.9 billiton expenditure for South Flank iron ore

BHP Billiton says it will spend $US2.9 billion ($USA3.8 billion) expanding its South Flank iron ore project in. The mine is expected to operate for some 25 years starting in 2021. The 80 million tonnes per year Yandi is reaching the end of its economic life. Chinese-owned CIMIC Group's subsidiary, CPB Contractors, will deliver bulk earthworks, concrete and underground services for the mine, under a $260 million contract which will commence in July.

Author: 0 White House Hits China With New Tariffs, Ramping up Trade War

Women interact near a robot designed by Chinese robotics company Pangolin at the Consumer Electronics Show Asia 2018 in Shanghai, China on June 15, 2018. The US has said the punitive measures have been created to combat what it says is theft of its intellectual property . Those restrictions are aimed at stopping China from developing its own hi-tech industry with technologies acquired from the U.S.

Economy Simply Be owner N Brown could shut all 20 of its stores
Author: 0 Simply Be owner N Brown could shut all 20 of its stores

She said this review would be complete by the time the company reported its half year results in October, and it would do all it could to support staff affected. Eliminating losses should be positive for the investment case, so today's 6.1% share price decline to 185.6p reflects N Brown's underwhelming first quarter showing, albeit delivered in a tough period for most United Kingdom apparel retailers.

Author: 0 Australian Jobs Show Weakness Even as Unemployment Rate Falls

Markets looked through the UE rate drop as participation fell to the softer jobs growth. The ABS figures come on the same day employment ads company SEEK said it had 10.7 per cent more job ads in May compared with the same month past year.

Economy Rolls Royce to cut 4600 jobs
Author: 0 Rolls Royce to cut 4600 jobs

Airlines with older Boeing 787 Trent 1000 engines will need to perform inspections after manufacturer Rolls-Royce found compressor blades in those engines may also be wearing prematurely. The government has to intervene", the BBC quoted him as saying. East said making the business "more streamlined" with " pace and simplicity at its heart" would allow the company to generate "significant" profitable growth.

Economy Oil prices fall as U.S. crude production hits another…
Author: 0 Oil prices fall as U.S. crude production hits another…

Unity within OPEC has been strained, as some members such as Iran have pumped greater supply into the market. The kingdom reported that it increased production in May to about 10 million barrels a day. U.S. oil production has more than doubled in the past decade, including a 19 percent increase since OPEC's limits took effect in January 2017, according to the U.S.

Economy UK pub chain snubs Champagne, Prosecco ahead of Brexit
Author: 0 UK pub chain snubs Champagne, Prosecco ahead of Brexit

Wetherspoon, which has 880 pubs, will replace champagne with sparkling wines from the United Kingdom, such as from the Denbies vineyard, and Hardy's Sparkling Pinot Chardonnay from Australia. Wetherspoon's will honour contracts with several suppliers, some of which last for years. Martin said the chain is likely to make further investment in non-EU products once the United Kingdom reaches its Brexit cut-off date on 29 March, but European beers, wines and spirits won't disappear from the menu ...

Economy Stocks close down as U.S., China trade fire on tariffs
Author: 0 Stocks close down as U.S., China trade fire on tariffs

US President Donald Trump has announced a 25 percent tariff on up to $ 50 billion worth of Chinese goods . The actual shirts and shoes imported from China won't get new tariffs , according to the full list of 1,102 product lines released Friday, and only some of the equipment used to make them, like textile rolling-machine parts and injection molders for shoes, were included in the final list.

Economy Sheriff: 1 deputy killed, another critically injured after shooting
Author: 0 Sheriff: 1 deputy killed, another critically injured after shooting

The other deputy is in critical condition. "It is very possible that with their own firearm they were both shot", Bailiff said. The Kansas City, Kansas Police Department is now investigating. He's also been charged with murder, assault and armed criminal action in a December 2017 shooting in Kansas City, Missouri. The suspect is in the operating room at the same hospital, Zeigler said.