Business

Tesla shareholders reject bid to strip Musk of chairman role

Tesla shareholders reject bid to strip Musk of chairman role Tesla , which has talked about building a factory in Europe for years, plans to announce a location later this year, Mr. Musk said. The company has already demonstrated the ability to make 500 cars a day, or 3,500 a week, and should able to boost production even further in coming weeks. [Full Article...]

Google scrubs United States military contract following protest by employees

Google scrubs United States military contract following protest by employees According to several internal emails obtained by reporter Kate Conger, Google officials were optimistic that working on Project Maven could open the doors to much more lucrative contracts with the US military and intelligence agencies, including a reputed $10 billion cloud computing contract, which several large tech companies have put in bids for. [Full Article...]

Merkel's plans for the European Union: joint military force, common migrant asylum standards

Merkel's plans for the European Union: joint military force, common migrant asylum standards The League and 5 Star each need to renegotiate treaties on budgets, migration and a variety of different points with the European Union . She said she wanted to work with the new Italian government instead of speculating about its intentions. [Full Article...]

Dog found dead in carrier in cargo facility during Delta trip

Dog found dead in carrier in cargo facility during Delta trip When the dog was checked on again between 8:00 a.m. and 8:30 a.m., Alejandro was dead, according to Dellegrazie's attorney, Evan Oshan. "Delta is conducting a thorough review of the situation and have been working directly with Alejandro's family to support them however we can", the airline said in a statement. [Full Article...]

Vermont will pay you $10K to move there - but there's a catch

Vermont will pay you $10K to move there - but there's a catch Over the past 25 years, the median age nationally has increased by near five years to 37.8, while Vermont's has risen by 10 years to 42.7. Interested? To be eligible, you must be a full-time employee of a company based out-of-state working remotely or from a co-working space. [Full Article...]

U.S. takes another swing at China with investment restrictions

U.S. takes another swing at China with investment restrictions The announcement came just ahead of U.S. Secretary of Commerce Wilbur Ross's visit to China. The White House yesterday announced that it will impose a hefty 25 percent tariff on the $50 billion worth of Chinese goods containing "industrially significant" technology including those related to the "Made in China 2025" program, days after the two sides reached an agreement and vowed not to laun... [Full Article...]

Trump crows as rosy jobs report underscores booming economy

Trump crows as rosy jobs report underscores booming economy President TrumpDonald John TrumpTrump tells Trudeau on NAFTA: US will agree to fair deal or "no deal at all" Dem senator suggests Trump "sending a message to witnesses" with pardons Kim Jong Un hasn't changed his stance on denuclearization: report MORE on Friday touted the monthly federal jobs report roughly an hour before the data was released, appearing to violate a government rule. [Full Article...]

Google reportedly won’t renew controversial drone imaging program

Google Cloud CEO Diane Greene announced the decision regarding what is known as Project Maven at a meeting on Friday, according to Gizmodo , which cited three sources. Apart from a few resignations, about 4,000 of the company's employees signed a petition asking Google to stop getting involved in the "questionable practice of targeted killings". [Full Article...]

Visa card payment disruption across UK and Europe

Image: A KFC in Weston-super-Mare had to post a sign to warn customers that they could only accept cash. Visa says it's aware of the problem and developing a fix, which might be working already. Fellow payment card systems MasterCard and Maestro are not affected. Another said she was in a Lisburn supermarket and her card was rejected. "For that we can only apologise and we are working hard u... [Full Article...]

World's longest flight to be launched by Singapore Airlines

World's longest flight to be launched by Singapore Airlines SIA is the world's first customer for the new A350-900ULR, with seven on firm order with Airbus . The new Airbus A350-900ULR (ultra-long-range) aircraft is equipped with enhanced features such as higher ceilings, larger windows, an extra wide body and lighting created to reduce jetlag. [Full Article...]

Eurozone inflation jumps to 1.9 percent

Eurozone inflation jumps to 1.9 percent Wall Street looked set for gains, with the future for the S&P 500 up 0.4 percent and the Dow future contract gaining 0.5 percent. Global stocks are falling Tuesday morning as political uncertainty in Italy sends European stocks sharply lower. [Full Article...]

Amazon is encouraging Australians to pirate ebooks

Australian shoppers using Amazon's worldwide site will be unable to place orders, with the retail giant stopping shipping due to new GST rules. As a result, Amazon said Australian shoppers wanting to use its global platforms will instead be directed to its smaller Australian site, which offers much less for sale. [Full Article...]

United States tariffs on steel will hit Canadian defence industry: minister

United States tariffs on steel will hit Canadian defence industry: minister Emmanuel Macron spoke to Donald Trump on the phone on Thursday evening and called the American decision "illegal", the Elysee Palace said. "That's exactly what happened in the 30s", Macron said. The EU has pledged to introduce safeguarding measures to stop this happening in the coming weeks. "It's a very worrying situation, I would not use the words "trade war" because it has a psychological... [Full Article...]

Sanchez succeeds Rajoy as Spain's prime minister

Sanchez succeeds Rajoy as Spain's prime minister Mariano Rajoy has been ousted as Spain's prime minister by a no-confidence vote that was carried by parliament. Spain's stock market rose after the parliamentary vote, to trade almost 2 percent higher on Thursday's close, while the country's borrowing costs fell. [Full Article...]

Stocks Plummet Amid Fears About Italy's Political Crisis

Stocks Plummet Amid Fears About Italy's Political Crisis DJI was down 406.82 points, or 1.64 percent, at 24,346.27, the S&P 500 . SPX was down 34.69 points, or 1.27 percent, at 2,686.64 and the Nasdaq Composite . Banks are rising along with bond yields after outsize losses a day ago and energy companies are breaking out of a five-day losing streak as oil prices rise. [Full Article...]

FT: JAB set to buy Pret a Manger for $2 bln

FT: JAB set to buy Pret a Manger for $2 bln Pret opened its first store in London in 1986 and today operates 530 stores worldwide - three quarters of which are in the United Kingdom - which generated group revenues of £879m ($1.17bn) last year, the ninth consecutive year of like-for-like sales growth, according to CEO Clive Schlee. [Full Article...]

Yum! Where to get free doughnuts, deals on National Doughnut Day

Yum! Where to get free doughnuts, deals on National Doughnut Day Krispy Kreme: Doughnut lovers can head over to doughnut all-star Krispy Kreme for a free doughnut of their choice - no purchase necessary. No purchase is necessary. Edible Arrangements: The delivery chain launched Edible Donuts , which are Granny Smith apple slices crafted to look like a doughnut and then dipped in semisweet chocolate and decorated with a variety of toppings. [Full Article...]

Oil prices mixed but expected output increase drags

Oil prices mixed but expected output increase drags The contract ended the session down $1.15, or 1.7%, at $66.73 a barrel, Kallanish Energy reports . Since previous year, oil producing countries have cut back production in an attempt to offset dipping prices, withholding as much as 1.8 million barrels per day. [Full Article...]

Singapore Airlines has new longest flight in the world to NY

Singapore Airlines has new longest flight in the world to NY The New York flight will be configured in a two-class layout, with 67 business class seats and 94 premium economy class seats. Airlines including Singapore Airlines, Australia's Qantas Airways Ltd (QAN.AX) and US -based United Continental Holdings Inc (UAL.N) are adding ultra-long haul flights that can capture an airfare premium of around 20 percent versus flights involving one or more stops. [Full Article...]

One paisa petrol price cut: Is there no solution?

One paisa petrol price cut: Is there no solution? Gandhi termed the slashing of rates as a "childish prank in poor taste". The oil companies this morning announced reduction in petrol price by 60 paise to Rs 77.83 a litre and diesel by 56 paise to Rs 68.75 in Delhi . There is good news for people living in Kerala as the state government has chose to reduce taxes on fuel. The petrol prices in the metros are Rs. 78.46 per litre in Delhi, Rs. [Full Article...]


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