Markets

Jaguar Land Rover launches United Kingdom subscription service

Jaguar Land Rover launches United Kingdom subscription service The vehicle subscription service, called Carpe is a monthly service with pricing starting at 1,154 pounds ($1,534 US) for the Jaguar E-Pace SUV. Carpe allows subscribers to get a new auto every year and the vehicle specifications can be tailored to meet individual needs, with no restrictions on mileage. [Full Article...]

European Central Bank to end crisis-era stimulus programme in December

European Central Bank to end crisis-era stimulus programme in December Furthermore, the European Central Bank also indicated that a rate hike is unlikely to come before the summer of 2019, again depending on data. The rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain at 0.00%, 0.25% and minus 0.40%, respectively. [Full Article...]

Jacamo and Simply Be owner N Brown mulls store closures

Jacamo and Simply Be owner N Brown mulls store closures N Brown will now consult with employees with a view to closing all 20 sites, a move which it estimates could cost between £18m and £22m. Today's trading statement revealed that group revenue grew 0.4%, with 75% of its total income generated from online sales. [Full Article...]

Tesla cuts 9% of staff

Tesla cuts 9% of staff Musk explained that the job cuts are part of a restructuring, adding that the layoffs should help reduce costs and finally make the company profitable. A spokesman told Reuters it would reduce overall employment back to around 37,000 - roughly in line with numbers at the end of past year. Boston Private Wealth LLC raised its holdings in shares of Tesla Inc (NASDAQ: TSLA ) by 19.8% in the 1... [Full Article...]

Passengers Feared For Their Lives After Plane Nosedives For Ten Seconds

Passengers Feared For Their Lives After Plane Nosedives For Ten Seconds The planes were separated by 20 nautical miles and 1,000 feet in altitude, which was believed to be a safe distance , though in some cases the wake from large, slow-moving aircraft can linger for over three minutes. Qantas confirmed in a statement to SBS News the incident has been reported to the ATSB. READ Qantas 747 struck by wake turbulence . Captain Slade says any sudden turbulence can ... [Full Article...]

Petrol price levels can not be justified says RAC

Petrol price levels can not be justified says RAC But since the end of last month the oil price has been falling, and so have wholesale fuel prices. Petrol prices reached £1.29 per litre for unleaded and £1.28 for diesel earlier in the week - the most expensive both have been since September 2014. [Full Article...]

Boy dies, his brother, mom critical after Colorado shooting

Boy dies, his brother, mom critical after Colorado shooting The mother and boy who were wounded were in critical condition as of Friday morning, police said. Bigelow's third child, a boy age 12, was not shot. Webster allegedly shot Bigelow and then targeted the children, the warrant says. The shooter than looked over at Gale, who was sitting with his 9-year-old daughter in his truck. [Full Article...]

Hong Kong consortium makes $9.8 bn bid for Australia's APA

Hong Kong consortium makes $9.8 bn bid for Australia's APA However, the board has granted CK Infrastructure and its partners in the bidding consortium access to information for conducting due diligence, suggesting it is in favor of the offer. APA's gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation's gas usage, according to its website. [Full Article...]

Washington unemployment rate drops to 4.7 percent

Australian employment rose by less-than-expected in May with gains led wholly by part-time work while the jobless rate ticked down to its lowest since November, a mixed outcome that points to tepid wages growth. Monthly hours worked in all roles dropped by 24.2 million hours, or 1.4 per cent. Trend employment increased by around 16,000 persons in May 2018, with part-time employment increasing by... [Full Article...]

Donald Trump reignites Opec spat over 'too high' oil prices

Donald Trump reignites Opec spat over 'too high' oil prices The U.S. move has put pressure on European and Asian clients to stop importing Iranian oil or doing business with the country. OPEC and its allies could consider an increase of as much as 1.5 million barrels a day, Russian Energy Minister Alexander Novak told reporters in Moscow on Thursday. [Full Article...]

Britain's Rolls-Royce to cut 4,600 jobs

Britain's Rolls-Royce to cut 4,600 jobs Approximately 1,500 of the jobs will be axed by the end of the year. Jefferies analyst Sandy Morris said while the market would not be surprised by the job cuts as East had hinted there was more restructuring to come, the timing was not ideal. [Full Article...]

China vows to retaliate in response to latest US tariff measures

China vows to retaliate in response to latest US tariff measures The tariffs will still target cars, including those imported by General Motors Co and Volvo, owned by China's Geely Automobile Holdings, and electric cars. Trump is shaking up the world economic order with his zeal for tariffs and embrace of trade conflict. "Those are crown jewels for this country". Trump's tariffs arrived after the POTUS complained for more than a year about China's hug... [Full Article...]

New Data Claims Facebook Gave Phone Companies Access To User Data

New Data Claims Facebook Gave Phone Companies Access To User Data She said, "To be apparent, this bug didn't affect anything users had posted previously-and they can still select their audience merely as they always have". The incident has raised the attention of the Federal Trade Commission, which has opened its own probe - and could levy Facebook with steep fines. "No one values irrelevant advertising ", Facebook Product Marketing Director Graham Mudd said in... [Full Article...]

One sheriff’s deputy killed, another critical after shooting outside Kansas courthouse

One sheriff’s deputy killed, another critical after shooting outside Kansas courthouse Officials identified the deputy that died in the shooting as Patrick Rohrer, 35. He said the shooting suspect was critically injured in the shooting and is now in surgery. Video from the scene showed the courthouse surrounded by yellow police tape, several police vehicles parked in the street and numerous uniformed law enforcement officers walking the grounds. [Full Article...]

Seattle city council repeals tax on businesses

Seattle city council repeals tax on businesses He said Google hasn't taken a position on the proposal and that no "groundswell" of opposition has materialized from the Internet search giant and other companies. Sawant and Councilmember Teresa Mosqueda were alone in voting against the repeal, which Sawant called a "cowardly betrayal". Councilmembers said they had to repeal because the referendum was apparently so successful, the public ... [Full Article...]

Blow to Pimlico Plumbers in landmark gig economy case

Blow to Pimlico Plumbers in landmark gig economy case Lawyer Susannah Kintish, who represented Pimlico Plumbers during the case, said the verdict will do little to end other court cases on the issue of working rights. The case is important because the court upheld earlier rulings in a straightforward way, implying that the judges believe the principles were already understood, said Sean Nesbitt, a partner at the worldwide law firm of Taylor Wessing, ... [Full Article...]

Theranos Founder Holmes, Ex-President Charged With Fraud

Theranos Founder Holmes, Ex-President Charged With Fraud Holmes founded Theranos in 2003 to develop technology that she claimed was able to conduct clinical tests on small amounts of blood. "This indictment alleges a corporate conspiracy to defraud financial investors", said FBI Special Agent in Charge John F. [Full Article...]

Trump announces tariffs on $50 billion worth of Chinese goods

Trump announces tariffs on $50 billion worth of Chinese goods Mr Trump's revised tariff list may exclude some consumer items from an earlier proposal to focus more on goods related to Beijing's Made in China 2025 programme, according to a Eurasia Group report. Officials in China have declared a trade war with the United States. In a statement Friday, Trump pledged additional tariffs if China follows through on the threat to fight back. [Full Article...]

Some American Airlines flights cancelled at ILM due to technical issue

Some American Airlines flights cancelled at ILM due to technical issue The cancelations have not affected operations so far at Raleigh-Durham International Airport, authorities said. Thousands of passengers scheduled to fly out of Charlotte Douglas International Airport, in North Carolina, on an American Airlines-operated carrier became stranded on Thursday night after the airline suddenly canceled all remaining flights. [Full Article...]

Kellogg recalls cereal for possible Salmonella

Kellogg recalls cereal for possible Salmonella In rare circumstances, infection with salmonella can result in the organism getting into the bloodstream and producing more severe illnesses, according to the FDA. The recall covers 15.3-ounce boxes of Honey Smacks with UPC code 3800039103 and 23-ounce boxes with a UPC code 380004810, both with best by dates between June 14, 2018 and June 14, 2019. [Full Article...]


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