Business

Authorities remove Tesla from fatal Autopilot crash investigation

Authorities remove Tesla from fatal Autopilot crash investigation Tesla is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker's next project that could tax its resources and capacity. [Full Article...]

Uber Hit with New FTC Breach Settlement

Uber Hit with New FTC Breach Settlement The drivers work when they want to and are free to nap, run personal errands, or smoke cigarettes in between rides, Baylson said. The ruling comes as courts across the country are grappling with how to apply traditional business and legal concepts to the emerging gig economy. [Full Article...]

Global stocks rise as investors eye US-China trade tensions

Global stocks rise as investors eye US-China trade tensions Business groups welcomed the commitment but said breaking into China's state-dominated financial industries would be hard for new competitors and Beijing might impose restrictions that would make such an effort unprofitable. Last September, Chinese officials told Burke they were likely to impose tariffs on soybeans if trade tensions started to escalate. The additional tariffs are being considere... [Full Article...]

Bitcoin Diamond (BCD) raised $0.279499999999999 during a day

Bitcoin Diamond (BCD) raised $0.279499999999999 during a day IOTA (MIOTA) traded up 25.4% against the dollar and now trades at $1.31 or 0.00017016 BTC. IOTA (MIOTA) traded 18.3% higher against the dollar and now trades at $1.23 or 0.00015971 BTC. Bitcoin Plus' official Twitter account is @bitcoinplusorg and its Facebook page is accessible here. The official website for Bitcoin Planet is bitcoin-planet.net . [Full Article...]

UK Takeover panel sets Disney/Sky conditions

UK Takeover panel sets Disney/Sky conditions The Takeover Panel also ruled that Disney would have to match Fox's £10.75 (Dh56.03) a share offer for the Sky stocks, which is the same offered by Fox for the company stocks which it doesn't already hold. Analysts had said Disney wanted a special dispensation to give it more flexibility in terms of whether or when it would bid for the rest of Sky if it only bought the 39 per cent stake from Fox. [Full Article...]

IAG acquires small stake in Norwegian Air, considers acquisition offer

IAG acquires small stake in Norwegian Air, considers acquisition offer IAG said on Thursday that it has acquired a 4.61 percent stake in Norwegian and that it planned to start talks with the airline which included the possibility of a full offer for the company being made. It added Aer Lingus and the Spanish budget airline Vueling to its portfolio in 2015. In its wake, Icelandic budget carrier Wow has also entered the USA market and grown rapidly, while the Prime... [Full Article...]

Volkswagen to replace HR chief with Gunnar Kilian: Spiegel

Volkswagen to replace HR chief with Gunnar Kilian: Spiegel Karlheinz Blessing, member of the Board of Management of Volkswagen AG with responsibility for "Human Resources and Organization" attends Volkswagen AG annual news conference in Wolfsburg, Germany, April 28, 2016. Muller was named CEO in 2015 after overseeing VW's Porsche brand, and has somehow led the automaker to record sales and profits as it dealt with an emissions scandal. [Full Article...]

Spotify And Hulu Shake Hand For $13 Subscription Plan

Spotify And Hulu Shake Hand For $13 Subscription Plan Of course, it's also fantastic news for any cord-cutters who already pay for both services, as this saves you $5 a month. The offer gives users an initial three-month Hulu subscription for $0.99 cents, and then begins charging the monthly combined price of $12.99. [Full Article...]

Will the Economy Determine Fed Rate Increases?

Will the Economy Determine Fed Rate Increases? NY time. The central bank's current target is a range of 1.5 percent to 1.75 percent, after the March hike. The increase in March was the sixth rise since the central bank began a tightening cycle back in December 2015. Federal Reserve policymakers at their recent meeting all saw a stronger United States economy as well as a higher inflation over the coming months, a progress that could influence ... [Full Article...]

Uber is not just for hailing rides anymore

Uber is not just for hailing rides anymore Cab aggregator Uber has launched a new app for its drivers globally based on inputs received from these partners, including those from India. "Having a greater variety of transportation modes at your fingertips helps make it increasingly easy to live without a auto". [Full Article...]

Consumer prices climb at their fastest annual pace in a year

Consumer prices climb at their fastest annual pace in a year On a monthly basis, consumer prices grew 1.9 percent from February, when it dropped by 0.7 percent. Core inflation at 2.5% yr/yr also indicates that there is no meaningful inflationary pressure in the Hungarian economy. Ian Shepherdson of Pantheon Macroeconomics said the new signs of an upward trend meant the Fed was likely to raise rates a total four times this year rather than the three hikes ... [Full Article...]

New 2018 Ford Focus officially revealed

New 2018 Ford Focus officially revealed The five new models are the first instalment of a programme to launch 50 new or redesigned cars by 2025. Trim wise, the range starts with the Style and builds through Zetec, Titanium, sporty ST-Line, top-of-the-range luxury Vignale, and the small-SUV-style Active, which has higher suspension and more rugged styling. [Full Article...]

Zidane: I can't explain Real's Euro-dominance and domestic woes

Capturing four Champions League trophies under his tenure is not enough for Real Madrid president Florentino Perez as he desperately wants to match the haul of six European Cups won by late president Santiago Bernabeu. Buffon said in October that he would be ready to leave Juventus at the end of the campaign unless they won the Champions League, meaning Wednesday's game is likely to be his l... [Full Article...]

YouTube Accused of Data Collection on Children

Data privacy has become a major public issue since revelations of improper harvesting of Facebook data by the firm Cambridge Analytica last month. But so far, the site's efforts haven't stopped children from being targeted by those who are uploading conspiracy videos and other disturbing non-kid-friendly videos that feature Disney characters and other superheroes. [Full Article...]

Aluminum giant Rusal share price halved after United States sanctions

Aluminum giant Rusal share price halved after United States sanctions The Treasury Department is implementing sanctions authorized by Congress a year ago to punish Russian Federation for interfering in the 2016 election. "The US list may not be the final list and it feels like there will be more sanctions, so investors do not know which, if any, stocks to hold", said John Meyer, mining analyst at SP Angel. [Full Article...]

China blames United States for trade frictions, but Trump voices optimism

China blames United States for trade frictions, but Trump voices optimism However, the fact that these OMC stocks, after steep fall, trade around single-digit PEs make them relatively safer bets. "And, in the end, they're going to be much stronger than they are right now". But even as Trump cozied up to Xi and pressed China for help with derailing North Korea's nuclear ambitions, he has ratcheted up the economic pressure and threatened tariffs, a move opposed by ma... [Full Article...]

Squamish hockey association shows support for grieving Humboldt Broncos

Squamish hockey association shows support for grieving Humboldt Broncos Among the dead were the team's coach and captain. Royal Canadian Mounted Police told CNN that three of those injured were in critical condition. "They become part of the family", said Mr Eaton. Broncos team president Kevin Garinger said parents from across western Canada were struggling to cope with the tragedy and were rushing to the scene. [Full Article...]

J&J loses talc case in New Jersey

J&J loses talc case in New Jersey Brock also said the Montclair, New Jersey, home where Lanzo grew up had asbestos insulation around the pipes and the schools he attended underwent asbestos removal projects while he was attending. J&J attorney Michael Brock of Kirkland & Ellis LLP told jurors that the plaintiffs based their case on debunked studies, and that the company subjected its talc products to rigorous testing to confirm ... [Full Article...]

What will happen to your favourite drink after the sugar tax?

What will happen to your favourite drink after the sugar tax? The main reason for imposing the tax is to reduce the health problem of obesity. The new scheme will see the price of many popular fizzy drinks such as Coca-Cola, Pepsi and Sprite increase in both shops and restaurants, but how much will your favourite drink increase by? Sugar-sweetened soft drinks are the main source of the sugar that children consume. [Full Article...]

Job growth hits speed bump in US

Job growth hits speed bump in US Wage data came in in-line with expectations, however, as average hourly earnings rose 0.3% over the prior month and 2.7% over the prior year. But in the context of self-congratulations for his recent decision to impose tariffs on aluminum imports, President Donald Trump tweeted Friday that 'Lots of money [is] coming into US coffers and Jobs, Jobs, Jobs!' Figures released by the Labor Departm... [Full Article...]


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