France's Macron names Republican Philippe as PM

Macron against far-right candidate Marine Le Pen for the second round of voting. Macron, a 39-year-old centrist pro-Europe independent, was officially inaugurated as France's 25th president on Sunday. Merkel said it's important for French people, particularly the young, to have more hope of jobs. She said: "I will of course discuss this with him, and I will say (we are) open to getting somet... [Full Article...]

Corbyn counters May, says India's rise is not alarmist

Siding with the US has led to "calamity" in Iraq and Libya "and all the other disastrous wars that stole the post-Cold War promise of a new world order", Corbyn said. Mr Corbyn also said Labour was committed to the renewal of Trident nuclear missile system. Speaking at the Chatham House worldwide affairs think-tank in London , Corbyn said the world was "becoming more dangerous" due to war,... [Full Article...]

UK inflation climbs to higher than expected 2.7%

Britain's consumer price inflation rate rose to 2.7 percent in April from 2.3 percent a month earlier, as the pound's drop since Britain's vote to leave the European Union continues to push up the cost of everyday goods. The ONS said the timing of when shops put items on sale may have caused prices to jump , with the number of discounted items falling between March and April this year after risin... [Full Article...]

Miner BHP Billiton rebrands as BHP

Elliott's revised proposal follows weeks of canvassing BHP shareholders for their views. "There is extremely broad and deep-rooted support for proactive steps to be taken by management to achieve an optimal value outcome for BHP's petroleum business following a formal open review", Elliott wrote in a letter to BHP's management. [Full Article...]

EIA lowers forecasts for oil prices

Brent LCOc1 was 30 cents higher at $50.52 a barrel by 0715 GMT. Crude inventories fell 5.2 million barrels in the week to May 5, the U.S. Energy Information Administration said . The Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers agreed to curb production by 1.8 million barrels per day (bpd) for six months from January 1 to support the market and push price... [Full Article...]

United Kingdom health minister: No second spike in cyber attacks is 'encouraging'

The malware, known as "WannaCry", paralyzed computers running factories, banks, government agencies and transport systems, hitting 200,000 victims in more than 150 countries. Associated Press quoted Tim Wellsmore, of United States security firm FireEye, as saying: "We expect this is a small operation". Don't open attachments or click on the links within any unsolicited emails you receive, and neve... [Full Article...]

France's new president Emmanuel Macron wastes no time

He is a member of the Republicans, a mainstream-right party whose candidate Macron beat in the first round of the election. Jean-Luc Melenchon, the leader of The France Insoumise (Unsubmissive France) party, who was eliminated in the first round of the presidential election, said that having appointed Philippe, Macron took over the whole political spectrum of France and promised that his party... [Full Article...]

Saudi Arabia, Russia Agree on Extending Oil Cuts Until March 2018

Reports said Saudi Arabia and Russia have agreed to extend the current OPEC-Russia oil-production-reduction accord by nine months. "As we have seen over the past six months, rising USA production and record inventories have kept upside limited and a nine-month extension at this stage is unlikely to break that". [Full Article...]

United States crude oil slides below US$45 for first time since November

United States crude oil slides below US$45 for first time since November This is reflected in renewed increases in US oil production, which rose for the eleventh consecutive time last week. Crude futures settled higher on Friday, recovering from a five-month slump, after Saudi Arabia said its supports the idea of extending the supply-cut agreement beyond June while the number of active US drilling rigs rose for an sixteenth straight week. [Full Article...]

Judge tells Uber not to use Waymo files

Evidence showed that Levandowski and Uber planned the acquisitions before Levandowski left Waymo, Alsup's order said. Numerous sections of the ruling were blacked out to protect those trade secrets. "Lyft's vision and commitment to improving the way cities move will help Waymo's self-driving technology reach more people, in more places", Waymo said in an emailed statement. [Full Article...]

Brother and sister from Portugal won the 2017 Eurovision Song Contest

Brother and sister from Portugal won the 2017 Eurovision Song Contest Salvador Sobral , singer of the winning entry Amar Polos Dois, described the triumph as a 'victory for music'. Sobral won easily, giving Portugal its first Eurovision win since it started competing in the worldwide competition in 1964, and prompting congratulatory messages from the country's highest authorities. [Full Article...]

Putin warns against 'intimidation' after North Korea missile launch

Putin warns against 'intimidation' after North Korea missile launch North Korea's official Korean Central News Agency called the missile a "new ground-to-ground medium long-range strategic ballistic rocket", and said the "Hwasong-12" was "capable of carrying a large, heavy nuclear warhead". military said landed about 60 miles off Russia's east coast. But in comments that appeared aimed at the United States, he said that "intimidating the DPRK is unacceptable", u... [Full Article...]

United Kingdom interest rates on hold at 0.25% as economy slows

The BoE's Monetary Policy Committee (MPC) voted seven to one in favour of keeping interest rates on hold at their record low 0.25 per cent this month, as expected in a Reuters poll of economists. Mr Carney said forecasts also assumed a "significant"
pick-up in wage growth, due in part to business concerns over the Brexit process starting to ease. [Full Article...]

Toshiba reports massive loss for year over Westinghouse woes

Toshiba reports massive loss for year over Westinghouse woes Tokyo-based Toshiba Corp. called the results released Monday as projections, rather than results, since they lack the company's auditors' approval, but it was in line with what it had said recently. Toshiba's sale has garnered significant interest, with preliminary bids as high as $26 billion from Hon Hai Precision Industry Co., Bloomberg reported last month. [Full Article...]

India unaffected by ransomware attack: Prasad

India unaffected by ransomware attack: Prasad The latest instance of ransomware, called WannaCry, first surfaced last week, damaging some 200,000 computers in 150 countries around the globe. The recent cyber-attack by ransomware virus "Wannacry" that crippled the digital network of Europe has had almost zero impact in India, the government said today. [Full Article...]

Analyst's Predictions on 3D Systems Corporation (DDD), American Eagle Outfitters, Inc. (AEO)

They noted that the move was a valuation call. Technical analysts have little regard for the value of a company. Pinnacle Financial Partners Inc. increased its position in American Eagle Outfitters by 6.2% in the fourth quarter. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.50 annualized dividend and a dividend yield of 3.80%. American Eagle Outfitters's di... [Full Article...]

Australian millionaire scolds millennials for spending all their money on avocado toast

Australian millionaire scolds millennials for spending all their money on avocado toast Developer Tim Gurner , 35, is worth almost half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market. Millennials spent US$4,832 per year on vacations, just below US$5,078 by Gen-Xers and US$5,012 by Boomers, according to MMGY Global's Portrait of American Travelers in 2016. [Full Article...]

Wenger hails 'convincing' Arsenal as Sanchez shoots down Saints

Arsenal are fifth and have three games to play while Manchester United are sixth and one point behind. Arsenal will look to close-in on the top four with a win when we take on Stoke City at the Bet365 Stadium on Saturday evening . "He's got a small chance, he was not far [away from returning], practiced [on Tuesday] but was risky to play him [at Southampton]", Wenger said. Olivier Giroud scor... [Full Article...]

Eldorado Gold To Buy Remaining Stake In Integra Gold

Eldorado Gold To Buy Remaining Stake In Integra Gold But given the uncertainty already surrounding Synchronoss Technologies after last month's big plunge and executive departures, it's hard to blame investors taking another step back today. The firm owned 4,432,030 shares of the basic materials company's stock after selling 310,108 shares during the period. The closing price represents the final price that a stock is traded for on a trading day. [Full Article...]

'WannaCry' ransomware attack: What we know

French auto maker Renault halted production at some factories to stop the virus from spreading, a spokesman said. The agency and its partners in the global security community are now in a "sort of cat-and-mouse" competition with hackers, as variants of the software that foil previous solutions emerge, the official says. [Full Article...]

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