Business

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

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...]

Tesla Model S with Autopilot on crashes into police auto

Tesla Model S with Autopilot on crashes into police auto The police SUV ended up with its two passenger-side wheels on a sidewalk. Jim Cota told the Los Angeles Times the police vehicle "is totaled". "It's super messed up that a Tesla crash resulting in a broken ankle is front page news and the (approximately) 40,000 people who died in United States auto accidents alone in past year get nearly no coverage", Musk said in a tweet in mid-May. [Full Article...]

Canada to buy controversial Trans Mountain pipeline

Canada to buy controversial Trans Mountain pipeline More than 200 people have been arrested already at a Kinder Morgan facility in Burnaby, B.C. But the next protester who is arrested will be handcuffed in the name of Mr. Medicine Hat-Cardston-Warner MP Glen Motz weighed into the debate over the federal governments plans to buy out the Kinder Morgan pipeline project. [Full Article...]

Restart your router now to stop Russian malware attack

Restart your router now to stop Russian malware attack Attorney for the Western District of Pennsylvania. The malware, dubbed VPNFilter , was developed by the Russian state-sponsored hacking group Sofacy, also known as Fancy Bear and APT28, according to the Federal Bureau of Investigation, which last week obtained a warrant to seize a domain used to control the infected routers. [Full Article...]

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai The price of petrol in Kolkata is Rs 81.06/litre and Rs 81.43/litre in Chennai, according to Indian Oil Corporation . This is the 15th hike in a row after Karnataka Assembly elections concluded earlier this month. Prices of diesel, the key transportation fuel, which are already at record levels across the major cities rose to Rs 68.90, Rs 71.45, Rs 73.36 and Rs 72.74 a litre on Saturday in Delh... [Full Article...]

Petrol prices rise over Rs 3 per litre in 12 days

Petrol prices rise over Rs 3 per litre in 12 days In Delhi, petrol costs Rs 77.47 ($1.13) a litre and diesel sells at Rs 68.53 a litre. The top three are Germany, South Korea and Japan, based on May 21 worldwide product pricing data available with Globalpetrolprices.com. "Both Centre and state have roles in controlling fuel price". The revenues so raised would be paid to fuel retailers, allowing them to absorb spikes beyond the threshold levels... [Full Article...]

Two Korean leaders meet in a surprise summit in border truce village

Two Korean leaders meet in a surprise summit in border truce village By Friday, North Korea issued a statement saying it was still "willing to give the US time and opportunities" to reconsider talks "at any time, at any format". The rare dialogue - the first time the Korean leaders met to hold talks since 2007 - came after months of improving relations between the two countries. [Full Article...]

Gas prices soar on Memorial Day weekend

Gas prices soar on Memorial Day weekend Just over the last week, average prices across the Island climbed from $3.05 to $3.12, AAA says. If you head to the gas pump this weekend you might notice a significant price increase compared to Memorial Day weekend previous year. "With refineries now well positioned for the summer months, we may see some relief in mid-June, DeHaan said". Both GasBuddy and AAA are forecasting prices to top ... [Full Article...]

Service dog gives birth to 8 puppies at Tampa Airport gate

Service dog gives birth to 8 puppies at Tampa Airport gate Tampa Fire Rescue shared the sweet moments over social media. The pregnant yellow lab was flying to Philadelphia with her owner and her "partner", Nugget. Van Atter said she has mobility and pain issues, Nipps said, and the dogs were service dogs, though Eleanor Rigby was still in training. 'An air traveler's service dog is delivering puppies now, ' the department wrote in a post shared on Tw... [Full Article...]

Uber announces end of self-driving vehicle operations in Arizona

Uber announces end of self-driving vehicle operations in Arizona Uber previously suspended operations of autonomous vehicles following the March 18 accident in which a 49-year-old woman was hit while crossing the street in the Phoenix suburb of Tempe . Uber still plans to build and test self-driving cars, which the San Francisco company considers to be critical to maintaining its early lead in the ride-hailing market. [Full Article...]

The oil price is at the top of a slippery slope

The oil price is at the top of a slippery slope Brent futures fell 37 cents, or almost 0.5 percent, to $79.20 a barrel by 0636 GMT, after climbing 35 cents on Tuesday. Higher prices are allowing an increasing number of shale oil producers to ramp up production, especially in the United States. [Full Article...]

Instapaper shuts down temporarily in Europe, unprepared for GDPR

Instapaper shuts down temporarily in Europe, unprepared for GDPR In addition 55% believe brands already have too much information on individuals. The GDPR revamps existing data laws in several ways, including requiring consent to process data to be given more explicitly, shortening the reporting period for data breaches to 72 hours and tightening the rules around subject access requests. [Full Article...]

National Football League takes policy stand on anthem protests

National Football League takes policy stand on anthem protests Democratic U.S. Senator Ben Cardin said the Republican president's words were "inflammatory", but not unexpected, and added that Trump's suggestion that players should be ousted is "never going to be acceptable to me and, I think, to many Americans". [Full Article...]

Trump administration explores tariffs on autos, auto parts

Trump administration explores tariffs on autos, auto parts The president signaled earlier Wednesday on Twitter that an important announcement was imminent to help the USA car-manufacturing industry. Earlier, Trump tweeted "big news coming soon for our great American Autoworkers". It is the same method Trump usedearlier this year to slap a 25% tariff on imported steel and a 10% tariff on imported aluminum. During the past 20 years, imports of pa... [Full Article...]


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