Markets

Oil near flat as OPEC supply hike appears less certain

OPEC kept its projected world oil demand growth unchanged for 2018, but offered a slight upward revision to its total non-OPEC supply by 130,000 bpd to 59.75 million bpd. OPEC secretary general Mohammad Barkindo in April praised the agreement as a "great success". "Expect more of the same whippy markets driven by rumours and innuendo ahead of June 22 Vienna OPEC meeting", predicted OANDA analyst... [Full Article...]

Daimler ordered to recall over 200,000 diesel cars

A court in Stuttgart, where Daimler is based, issued a search warrant against the company to investigate excess emissions on more than one million cars sold between 2008 and 2016 in Europe and the U.S., according to German newspaper Suddeutsche Zeitung. [Full Article...]

Key four areas mentioned in the US-North Korea signed document

Key four areas mentioned in the US-North Korea signed document The sanctions will remain in force until full denuclearization, the United States president said, noting that he is " looking forward " to it. If they said something very bad, very threatening and terrible, just don't answer. In response to Kim boasting of North Korea's nuclear capabilities in December of previous year, President Trump warned the dictator the US possesses a far more powerful a... [Full Article...]

With a handshake, Trump and Kim begin historic summit

With a handshake, Trump and Kim begin historic summit Kim Jong Un and Donald Trump at the start of the first meeting between a sitting U.S. president and North Korean counterpart, as the pair endeavour to end a decades-long nuclear stand-off. The talks - unimaginable just a few months ago - will focus on North Korea's controversial nuclear programme. According to the Shanghai Media Group, the 35-year-old Kim arrived at the summit venue seven min... [Full Article...]

Jack Dorsey, Twitter's CEO, blasted for patronizing Chick-fil-A

Jack Dorsey, Twitter's CEO, blasted for patronizing Chick-fil-A Twitter CEO Jack Dorsey was raked over the coals for eating at Chick-fil-A. Fast forward six years later. Cathy has since called his remarks a mistake, and reports say the fast-growing company has worked to broaden its brand image away from controversial issues as it has expanded into cities like NY and tried to cater more to millennials. [Full Article...]

Swiss bank shares rally as voters reject new rules

Swiss bank shares rally as voters reject new rules The Swiss Finance Minister said that implementing the plan would have raised too many questions that would have been hard to handle for several years. Election projections indicate that Swiss voters have rejected a referendum that would have made sweeping changes in their country's monetary and banking system. [Full Article...]

Indian billionaire jeweller Nirav Modi flees to UK

Indian billionaire jeweller Nirav Modi flees to UK The issue of extradition of liquor baron Vijay Mallya is progressing through appropriate legal channels and Britain has "reassured" India about it, British Minister for Countering Extremism Baroness Williams said. His escape had caused massive public outcry, with opposition political parties accusing Prime Minister Narendra Modi of helping him flee. Indian police issued a warrant for the b... [Full Article...]

RSS defamation case: Rahul to appear in Thane court on Jun 12

RSS defamation case: Rahul to appear in Thane court on Jun 12 Congress conventionally invites leaders of all faiths to the event as also top diplomats. On 2 May, the court had asked Gandhi to appear before it on 12 June to record his statement in the defamation case Rajesh Kunte had filed against him in 2014. [Full Article...]

German ministry says 774,000 Mercedes cars contain unauthorised software

Daimler shares fell following a report that up to 1 million Daimler cars contain illegal defeat devices, as Chief Executive Dieter Zetsche prepared to meet the transport minister on Monday. The German government should approve hardware, rather than software alterations to manipulated vehicles to produce "an honest solution" to excessive emissions, Dudenhoeffer charged. [Full Article...]

Tesla’s Autopilot will get ‘full self-driving features’ in August

Tesla’s Autopilot will get ‘full self-driving features’ in August But consumer groups say Tesla's marketing has often skirted the lines between encouraging responsible driving and suggesting the cars can drive themselves. One video recorded last week shows an official Tesla vehicle speeding along a California freeway while its driver is facing down, seemingly not paying attention or falling asleep. [Full Article...]

Uber to Identify Drunk Passengers Using Artificial Intelligence

As for riders, they may not be able to opt for shared rides if they're too inebriated. Its algorithms weigh a number of factors, including typos, walking speed, how precisely you press in-app buttons, and the amount of time it takes, standing on the curb, to order a ride. [Full Article...]

Kim Jong Un goes for surprise nighttime walk ahead of summit

Kim Jong Un goes for surprise nighttime walk ahead of summit US President Donald Trump arrives at Paya Lebar Air Base for a summit with North Korea's leader Kim Jong Un , June 10, 2018, in Singapore . Officials remain uncertain what will come out of Tuesday's unprecedented summit, the first of its kind between a sitting USA president and the leader of North Korea . [Full Article...]

Ajit Pai says you’re going to love the death of net neutrality

Ajit Pai says you’re going to love the death of net neutrality To commemorate the occasion, FCC chairman Ajit Pai - the man mainly responsible for the repeal of Net Neutrality - penned an op-ed piece for CNET in which he champions the dissolution of internet regulations. The ISPs are essentially breaking that contract with the users when they start picking and choosing which services to deliver at normal speed. E-commerce start-ups have feared that ... [Full Article...]

Phillies poke fun at IHOP with ridiculous name change

The restaurant's website, still found at www.ihop.com claims their new Ultimate Steakburgers are "un-burgerin"-believable". IHOP's same-restaurant sales - or sales at locations open at least a year - declined 1.9 percent in its most recent fiscal year. [Full Article...]

Elon Musk promises self-driving Teslas in upcoming software update

As the company revealed a few months ago, the forthcoming Roadster - which is set to be released in 2020 - can go from 0-60 miles per hour in just 1.9 seconds flat and boasts a top speed in excess of 250 miles per hour. Already these are ambitious specs, and whether or not they factored in "rocket thrusters", who knows. In the Twitter discussion that followed the thruster announcement, Musk sugg... [Full Article...]

People are reselling Elon Musk's flamethrowers on eBay for thousands of dollars

Some of the people who purchased flamethrowers from Elon Musk's Boring Company are now reselling the devices on eBay for thousands of dollars . The tech billionaire shared pictures of distributing his most popular (and most controversial to date) fundraising technique for the Boring Company today via his Twitter . [Full Article...]

Amazon expands Whole Foods discounts to 10 states, including Oklahoma

Amazon expands Whole Foods discounts to 10 states, including Oklahoma It's all about Amazon's model of adding more benefits to Prime membership, and now almost half of all Whole Foods stores offer these deals. Amazon began offering the discounts to shoppers in select markets in May. The companies said there also will be 10-percent reductions of "hundreds of sale items throughout the store". With the newest expansion, Amazon Prime deals will be available to shopper... [Full Article...]

Browbeaten? On Twitter, Justin Trudeau's 'Fake Eyebrows' Trumps US Tirade

Browbeaten? On Twitter, Justin Trudeau's 'Fake Eyebrows' Trumps US Tirade A grainy video of the Canada PM taken at the G7 summit prompted online speculation over the weekend as to whether Mr Trudeau wears fake eyebrows. On Sunday's CNN's "State of the Union" , Kudlow called Trudeau's criticism of USA tariffs "non-factual", adding that Canada had "enormous tariffs" on us imports. [Full Article...]

United flight bound for Chicago diverted to Ireland

United flight bound for Chicago diverted to Ireland A transatlantic flight has been diverted to Shannon Airport in Ireland, after what is understood to be a bomb threat was found inside the plane. The Boeing 767-300 jet was about 200 kilometres west of County Clare when the plane was redirected back. [Full Article...]

Final preparations under way for Trump-Kim summit

Trump, speaking in Canada on Saturday, said any agreement at the summit would be "spur of the moment", underscoring the uncertain outcome of what he called a "mission of peace". It is no easy task. North Korea, though, has shown little appetite for surrendering nuclear weapons it considers vital to the survival of Kim's dynastic rule. [Full Article...]


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