Markets

Qantas bends to Beijing by describing Taiwan as Chinese

Qantas bends to Beijing by describing Taiwan as Chinese China's aviation regulator ordered airlines operating in China to refer to self-ruled Taiwan as "Taiwan, China" on their websites, or risk facing legal action. Canberra has introduced a raft of reforms to espionage and foreign interference legislation, with Beijing singled out as a focus of concern. Foreign Minister Julie Bishop reiterated her concerns about China's request to airlines regardin... [Full Article...]

No agreement yet between US, China on ZTE: Trump aide

No agreement yet between US, China on ZTE: Trump aide ZTE also did not immediately respond to requests for comment. Moreover, the U.S. Commerce Department is expected to count the $361 million ZTE paid past year as part of a settlement agreement, which will allow the government to claim no less than $1.7 billion in penalties. [Full Article...]

Saudi Arabia 'revisiting' policy on oil output cuts: Oil Minister

USA oil production is up 1.5 million bpd from a year earlier. Brent crude rose 27 cents to $75.65 a barrel by 0412 GMT after dropping to its lowest since May 8 on Tuesday. The rare request came after USA retail gasoline prices surged to their highest in more than three years and President Donald Trump publicly complained about OPEC policy and rising oil prices on Twitter. [Full Article...]

Cadillac Super Cruise Coming To All Models Starting 2020

Cadillac Super Cruise Coming To All Models Starting 2020 I found it fairly hard to engage Super Cruise and found that it was inconsistent. GM highlights that Super Cruise is a feature to be used on the freeway to offer what its marketing team is calling a "hands-free driver assistance feature", however increasing controversy over how drivers treat Tesla's autonomy software may lead drivers down a potentially risky path by ignoring the need to pay ... [Full Article...]

China's ZTE signed preliminary agreement to lift U.S. ban

It appears that the Trump administration is pretty bothered by the fact that ZTE wanted to replace a top executive with one from another company that was also sanctioned by the USA government for being a national security threat. The terms, they said, were in line with Reuters reporting on the US demands Friday. It has a small but rising share of the smartphone business in the US. [Full Article...]

Nothing prehistoric about new dinosaur-embossed Alberta licence and ID cards

The Alberta government has rolled out a new design for driver's licences and identification cards. They cost less to manufacture than the old licences and will save taxpayers a considerable annual sum estimated to be $1 million. A 3D effect will make it rise from the surface. These changes will make the cards harder to counterfeit or modify. Two other clear windows will be in the shape of mapl... [Full Article...]

Bayer set to seal Monsanto merger

Bayer set to seal Monsanto merger The purchase is part of a multiyear transformation, as Bayer sold off its legacy plastics business and remade itself into a life-science company with half its sales from health and half from agriculture . The companies' separately listed Indian units, Bayer CropScience Ltd. and Monsanto India Ltd., will continue to operate independently for the time being, Bayer said in a separate statement. [Full Article...]

Ethiopia Plans to Partially Privatize Ethio Telecom and Ethiopian Airlines

Ethiopia Plans to Partially Privatize Ethio Telecom and Ethiopian Airlines Since the election of Abiy Ahmed , the first Oromo prime minister in the country's history, the authorities have pledged to push through a raft of reforms. The state will retain the largest stakes in Ethio Telecom, Ethiopian Airlines , Ethiopian Electric Power and Ethiopian Shipping and Logistics Services Enterprise and the rest will be transferred to domestic and foreign investors, it said on ... [Full Article...]

Canada faces risks from US Trade policy

Canada faces risks from US Trade policy Cheng Hoon Lim, the IMF's assistant director, Western Hemisphere Department, said economic anxiety is high with concerns about the future of the NAFTA talks and developments in worldwide corporate taxation including the recent US corporate tax cuts. [Full Article...]

Italy's new government passes first confidence vote

Italy's new government passes first confidence vote Conte's first policy speech since being sworn in also spoke of taking a softer line on Russian Federation. The Kremlin has always been accused of boosting nationalist right-wing forces in France, Germany, Italy and the Netherlands. Renato Brunetta, a top lawmaker in Silvio Berlusconi's Forza Italia party, mocked Conte's dependence on the parties that picked him, calling him a "remote controlled... [Full Article...]

European Union set to implement retaliatory tariffs from July

European Union set to implement retaliatory tariffs from July The European Union expects to hit USA imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium. On Thursday, Washington announced it would impose a 25-percent steel tariff and a 10-percent aluminum tariff on the European Union, Canada, and Mexico, effective from June 1. [Full Article...]

Government announces Rs 8000 crore bailout package to cash-starved sugar mills

Government announces Rs 8000 crore bailout package to cash-starved sugar mills The Rangarajan committee has recommended norms for profit-sharing between mills and farmers, as a form of virtual integration, but that takes integrity for granted in books of accounts in the long tail of small and medium enterprises that pass themselves off as sugar mills. [Full Article...]

Reserve Bank of India hikes key interest rate to 6.25%

Reserve Bank of India hikes key interest rate to 6.25% The RBI Monetary Policy Committee (MPC) opted for a token rate hike of 0.25 percentage point to 6.25 percent, contrary to majority consensus of a pause in the repo rate for now. "The April-May prints show that inflation, excluding food and fuel has hardened". Another hike in repo rate by upto 50 basis point is expected between August and October. [Full Article...]

How to beat plastic pollution on World Environment Day

How to beat plastic pollution on World Environment Day The actors have come together for another great cause- #BeatPlasticPollution. From cricketers to Bollywood stars, many have tweeted their stories about how we can help clean the environment, especially by not using single-use plastic products. [Full Article...]

Buffalo Wild Wings Blames Hacker, Not Ambien, for Their Vile, Racist Tweetstorm

Buffalo Wild Wings Blames Hacker, Not Ambien, for Their Vile, Racist Tweetstorm As the uncharacteristic tweets rolled in from the company's account, people on Twitter joked about the incident. The restaurant chain has issued an apology over the tweets and insist they were the word of a hacker. Buffalo Wild Wings exterior on February 1, 2018 in Jacksonville, Florida. Buffalo Wild Wings was purchased during the a year ago by Roark Capital Group, which also owns the Arby's r... [Full Article...]

Oil price falls as U.S. supply grows

Oil price falls as U.S. supply grows Benchmark Brent crude oil lost $1.10 a barrel, or 1.4 percent, to $75.69 a barrel by 12:00 p.m. (1600 GMT) U.S. light crude was down 80 cents, or 1.2 percent, at $65.01 a barrel. Opec and a group of non-Opec countries including Russia , Mexico and Kazakhstan agreed in late 2016 to cut oil output by a combined 1.8 million barrels a day in an effort to boost oil prices. [Full Article...]

Undertaker to Return to WWE at Madison Square Garden Show in July

At this point it's unknown what The Undertaker's role will be at the event, but according to the official announcement from Madison Square Garden he will be in action. WWE .com also posted an article regarding this breaking news this morning. Not only is The Undertaker going to appear and return, but Ronda Rousey will be making her Madison Square Garden debut as she will be facing off agai... [Full Article...]

IHOP Tweets Hint at Changing Name to ‘IHOb’; Social Media Users Respond

IHOP Tweets Hint at Changing Name to ‘IHOb’; Social Media Users Respond Now, 45 years later, IHOP appears to be heading for another tweak. The company also posted a Twitter poll with four options on what the "b" could stand for, asking customers to choose between biscuits, bacon, butternut squash and barnacles. [Full Article...]

Elon Musk will stay on as Tesla chairman despite attempted investor coup

Elon Musk will stay on as Tesla chairman despite attempted investor coup Elon Musk has survived a bid to strip him of a key role at Tesla as shareholders re-elected three directors to the electric auto maker's board. Musk said on Tuesday that a goal of building 5,000 Model 3s per week by the end of June was "quite likely" as the company's production lines were now demonstrating the ability to build 3,500 vehicles per week. [Full Article...]

DNA testing service MyHeritage says 92 million customer email addresses were exposed

DNA testing service MyHeritage says 92 million customer email addresses were exposed It includes the email addresses and hashed passwords of the more than 92 million users who signed up for the platform up to October 26, 2017, which was the date of the breach, according to a statement from MyHeritage . The company said that it seems as though email addresses were the only data affected and no evidence suggests that the data was used for any nefarious goal. [Full Article...]


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