Markets

Racial bias training: How Starbucks customers reacted when they were locked out

Racial bias training: How Starbucks customers reacted when they were locked out Elaine Cheung, a Philadelphia immigration attorney who goes to Starbucks daily, said the company will be better for it. She said that should happen only when there is a provocation or danger. Starbucks said the instruction will become part of how it trains all new workers. "We've also said that we are deeply committed to this being a long-term journey in which we are going to integrate this tr... [Full Article...]

Italian political crisis hits Asian stocks

Italian political crisis hits Asian stocks Although risk aversion has the ability to support gold in the short term, an appreciating dollar and expectations of higher USA interest rates are likely to continue weighing heavily on the yellow metal in the medium to longer term. Speculation the European Central Bank could intervene in an attempt to calm markets has mounted as political parties in Italy failed to form a government and the pot... [Full Article...]

Starbucks' Howard Schultz steps down as executive chairman

Starbucks' Howard Schultz steps down as executive chairman Over the course of his career at Starbucks, the company grew from a handful of stores to an worldwide behemoth with 28,000 locations around the world. Last year, Schultz stepped down as chief executive officer to become executive chairman, handing the top job to Kevin Johnson. In the meantime, he plans on working on his family foundation, and writing a book about the social responsibility compan... [Full Article...]

Here's how you can watch the WWDC live stream on Monday

USDZ is the name of a new file format developed in collaboration with none other than Pixar, which Adobe, Autodesk, Sketchfab and other companies are planning to support. This year, analysts think Apple will focus on incremental improvements to make its software more reliable - and be less disruptive in our lives . In iOS 12, up to 32 people will be able to join the same FaceTime conversation and... [Full Article...]

Chinese Agreements to Have No Binding Force, If US Imposes Tariffs - Beijing

Chinese Agreements to Have No Binding Force, If US Imposes Tariffs - Beijing Both the U.S. and China reported some progress in discussions over the weekend about how to reduce China's $375bn goods-trade surplus with the United States, but Mr Trump's revival last week of a plan to slap tariffs on $50bn of Chinese imports has cast the talks into turmoil. [Full Article...]

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

Google set to end controversial Project Maven military AI program, report says Google cofounder Sergey Brin has spoken at length about the subject with Larry Page, CEO of Google's holding company, Alphabet, and Google CEO Sundar Pichai , according to the New York Times . Academics have written to Google asking it to withdraw from the project. The petition didn't immediately result in a change in Google's plan, which led to a dozen employees reportedly quitting the compa... [Full Article...]

Winning Lotto Max Numbers

Winning Lotto Max Numbers In Ontario, a total of 11 Maxmillions prizes, worth $1 million each, were sold in Markham, the Owen Sound area, Ottawa, Toronto (three tickets), Mississauga, the Sault Ste Marie area, Sarnia, Kitchener and Sudbury. The Lotto jackpot is worth a life-changing €4.5 million. The ticket was sold at Tramore Service Station, Waterford Road, Tramore, Co Waterford. A $5 ticket features three chances to... [Full Article...]

Fuel prices cut marginally for fourth straight day

Fuel prices cut marginally for fourth straight day The reductions follow softening of worldwide oil rates and the rupee gaining against the United States dollar. Petrol on Friday was cut by 6 paise and diesel by 5 paise. The price of diesel in Kolkatta is Rs. 71.66, Rs. 73.58 in Mumbai and Rs. 72.97 in Chennai . Meanwhile, the Oil & Natural Gas Corporation (ONGC) is reluctant to shoulder the burden of a cut in diesel and petrol prices a... [Full Article...]

United Nations chief condemns violence in Nicaragua

United Nations chief condemns violence in Nicaragua There seemed little prospect of an early return to negotiations Friday between the government of President Daniel Ortega and the opposition after more than six weeks of near continuous protests. The US State Department issued a statement condemning the "government's violent response to peaceful Mother's Day marches in Managua and other cities yesterday, including assaults on mothers mourning... [Full Article...]

Jordan’s King Abdullah expected to ask PM to resign: political sources

Jordan’s King Abdullah expected to ask PM to resign: political sources Despite decision by the government, upon orders by His Majesty King Abdullah, to cancel significant hikes in the prices of fuel and electricity driven by the rising prices of crude on worldwide markets, riots and protests were reported in nearly every corner of the country according to local coverage and social media posts, including the official news agency. [Full Article...]

Anonymous bidder pays $4.7 million for a private lunch with Warren Buffett

Anonymous bidder pays $4.7 million for a private lunch with Warren Buffett Now in its 19th year, the event has raised more than $25 million for Glide, a San Francisco charity. This year's auction, run through eBay, began May 27 and closed on Friday night. The competition later ticked higher, amassing a total of 136 bids. "Glide really takes people who have hit rock bottom and helps bring them back", said Mr Buffett, who was introduced to the foundation by his late ... [Full Article...]

Merkel offers Macron concessions on eurozone reforms

Merkel offers Macron concessions on eurozone reforms Merkel has offered her most detailed response to French President Emmanuel Macron's ideas for reforming Europe, seeking to avert a damaging rift with Paris at a time of high anxiety over Italy and growing transatlantic tensions. "The strategy of working together is the only way to strengthen the euro zone and the European Union". To deal with Europe's migration flux, Macron called for a Europe... [Full Article...]

All of a sudden. Microsoft is now worth more than Google

All of a sudden. Microsoft is now worth more than Google Only Apple and Amazon.com are worth more, at $922 billion and $788 billion, respectively. Driven by consistent growth in its Office and Cloud solutions, Microsoft posted a revenue of $26.8 billion and net income of $7.4 billion in its third quarter that ended on March 31. [Full Article...]

MP critical of pipeline purchase

MP critical of pipeline purchase Grande Prairie-Mackenzie MP Chris Warkentin excoriated the Liberal government's purchase of the Trans Mountain Pipeline , blaming the prime minister for creating uncertainty in the energy industry. It does not intend to own the project for long. An existing pipeline company could buy the assets, or the federal government could flow the assets into a standalone operating company in which many ... [Full Article...]

Populists campaign in Sicily after forming Italy government

Populists campaign in Sicily after forming Italy government The continent's Eurosceptic politicians cheered the birth of the new Italian government coalition of the 5-Star Movement, headed by Luigi Di Maio, and the right-wing League party, led by Matteo Salvini, under new premier Giuseppe Conte. The initial failure of Conte to form a government had alarmed financial markets, which feared a quick return to the polls that risked being tantamount to a plebisc... [Full Article...]

USA unemployment rate fell to 18 years low at 3.8%

USA unemployment rate fell to 18 years low at 3.8% The economy added 223,000 jobs in May, better than economists predicted. There were also big gains in retail and leisure and hospitality payrolls. The jobs report painted a picture of an economy with opportunities for nearly everyone. The decline in black unemployment also extended a streak that started in January, when the rate had risen to 7.7 percent from December's 6.8 percent. [Full Article...]

Alibaba to put in over 100 billion yuan on smart logistics network

Alibaba to put in over 100 billion yuan on smart logistics network They say this allows it to know the exact areas to drive, ensuring smooth flow of unmanned logistics vehicles in complex road environments. The unmanned cars and trucks can also be equipped with different smart devices according to demand, turning the vehicle into a courier vehicle, a mobile self-pickup station, a mobile coffee vending cart, etc., which can be applied to various new retail scenari... [Full Article...]

Dog found dead at airport during Delta layover

Dog found dead at airport during Delta layover A spokesperson for the airline said the cabin crew staff member 'did not hear or understand [the dog's owner] and did not knowingly place the dog in the overhead bin'. In a statement to ABC News, Delta said, "We know pets are an important member of the family and we are focused on the well-being of all animals we transport". [Full Article...]

Brazil oil giant to keep unpopular fuel pricing policy

Brazil oil giant to keep unpopular fuel pricing policy The strike against diesel prices, which ended this week, caused major shortages in the country. The markets, however, were not convinced about the future. The trained engineer was also tasked with cleaning up the image of the company that was at the centre of the Brazil's biggest corruption probe in modern history, Operation Carwash. [Full Article...]

China criticizes 'protectionism' after US steel tariff hike

China criticizes 'protectionism' after US steel tariff hike China says any trade and business deals will be void if the U.S. goes ahead with its threats of sanctions. Further trade frictions between the United States and China could also create difficulties for Vice Premier Liu He, a close ally of President Xi Jinping . [Full Article...]


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