Economy

Ocado lands major Kroger Smart Platform deal

Ocado lands major Kroger Smart Platform deal Ocado said that it expects that the structure of the terms that it will agree with Kroger will be "broadly similar per CFC" to those agreed with its existing worldwide partners: Groupe Casino , in France; Sobeys , in Canada; and ICA , in Sweden. [Full Article...]

Rupert Murdoch To Hand Over "New Fox" Reins To Son Lachlan

Rupert Murdoch To Hand Over He also now serves as co-chairman of News Corp and executive chairman of NOVA Entertainment, an Australian media company. Disney also gets a shot at National Geographic, FX and FXX, and even a 30 per cent interest in Hulu, which gives it a controlling stake in the United States streamer. [Full Article...]

Some Google employees are resigning due to involvement with Project Maven

Some Google employees are resigning due to involvement with Project Maven If you think you have nothing to worry about, consider the fact that the US Department of Transportation, with Google, Qualcomm and Microsoft's participation, will be testing drones in several American cities for a number of applications not now allowed by law, citing the possibility of new economic and safety benefits. [Full Article...]

Wall St drops on concerns over US-China trade woes, rising inflation

Wall St drops on concerns over US-China trade woes, rising inflation The market had rallied early Monday on hopes that trade tensions were easing between the USA and China. The S&P 600 closed at 982.43 for a gain of 0.30 points or 0.03%. The rise in bond yields pulled down shares in real estate investment trusts and other high-dividend-paying stocks. It also put investors in the mood to sell stocks in home builders. [Full Article...]

Iran foreign minister sets off on tour to save nuclear deal

Iran foreign minister sets off on tour to save nuclear deal After meeting with Federica Mogherini at the European Council in Brussels this morning, Mohammad Javad Zarif said that the talks with the remaining parties to the nuclear accord known as the JCPOA are on the right track to make sure that everyone's interests are secured. [Full Article...]

American Airlines banning ferrets, goats and hedgehogs from flights

American Airlines banning ferrets, goats and hedgehogs from flights Suzanne Boda, American's Senior Vice President in Los Angeles, said in a video posted on the airline's website on Monday that the changes apply only to "support animals", and that the company's current policies regarding service animals would remain in place. [Full Article...]

Germany coach Joachim Low inks contract extension till 2022

Germany coach Joachim Low inks contract extension till 2022 Dortmund's Marco Reus , 28, could play in his first worldwide tournament since Euro 2012 after missing the World Cup in 2014 and Euro 2016. However, there was no place in the squad for Arsenal defender Shkodran Mustafi, who was part of the World Cup-winning squad in 2014 and has 20 worldwide caps. [Full Article...]

Home Depot Q1 Gains As Average Ticket Boosts Comps

Home Depot Q1 Gains As Average Ticket Boosts Comps USA stocks dropped sharply on Tuesday after Home Depot stated quarterly sales that fell short of Wall Street's expectations and interest rates breached new highs. ROI is expressed as a percentage and is typically used for personal financial commitment, to compare a company's profitability or to compare the efficiency of different investments. [Full Article...]

Driver: Tesla's Autopilot engaged during crash

Driver: Tesla's Autopilot engaged during crash The vehicle appeared not to brake before impact, police said . In a statement on its Facebook page Ticino fire brigade said: 'The violent impact of Lithium-ion batteries could probably have caused a phenomenon called " thermal runaway ", i.e. [Full Article...]

Manhattan DA: We'll Stop Prosecuting Low-Level Marijuana Cases August 1

Manhattan DA: We'll Stop Prosecuting Low-Level Marijuana Cases August 1 But Stringer was quick to say in his report that legalizing adult-use of marijuana was about more than raking in a ton of cash; in fact, it aligns with Vance's decision to stop prosecuting marijuana possession and smoking cases in Manhattan. [Full Article...]

Boeing: WTO Ruling Could Lead To Biggest Retaliatory Tariffs Ever

Boeing: WTO Ruling Could Lead To Biggest Retaliatory Tariffs Ever Boeing claims that the EU provided the European aerospace giant more than $22 billion in illegal subsidies. This is expected to be the largest-ever WTO authorization of retaliatory tariffs. To Airbus' point, one finding against the USA now remains before the WTO, which concerns a Washington state tax measure. "The result is simple: Airbus pays back its loans, Boeing pays back nothing ... [Full Article...]

Winklevoss-Owned Gemini Exchange Becomes First Licensed Exchange to Offer ZCash

Winklevoss-Owned Gemini Exchange Becomes First Licensed Exchange to Offer ZCash Gemini will offer the ZEC/USD, ZEC/BTC, and the ZEC/ETH trading pairs upon launch. While litecoin and bitcoin cash already have substantial followings, Zcash is more of an up-and-coming digital currency. " We are proud to be supporting this new and incredible technology, and contributing to the next generation economy and the future of money ". However, shielded addresses provide a high ... [Full Article...]

Barnier Tells EU Governments `Not Much Progress' in Brexit Talks

Barnier Tells EU Governments `Not Much Progress' in Brexit Talks Zakharieva, who chaired the meeting as part of Bulgaria holding the six-month rotating presidency, said that the ministers are looking forward to more intensive engagement by the United Kingdom government in the coming weeks. She was sceptical about UK Prime Minister Theresa May's idea to use smart border technology to enable an open border between the EU and the UK even if the latter leaves t... [Full Article...]

CBS sues National Amusements over Viacom remerger fight

CBS sues National Amusements over Viacom remerger fight Redstone had pressed for a deal in 2016, but CBS contends in its lawsuit that those negotiations came to a halt as soon as CBS insisted the combined company would operate outside of Redstone's control for at least five years. Lawyers for CBS reveal in the filing that the board of directors plans to hold an emergency meeting on Thursday to discuss ways to dilute National Amusement's voti... [Full Article...]

Gap apologizes for selling T-shirt with 'incorrect map' of China

Gap apologizes for selling T-shirt with 'incorrect map' of China Photographs of a T-shirt that the clothes brand had apparently sold in Canada were circulating on China's Internet, with many online comments saying that southern Tibet, Taiwan and the South China Sea were missing. In January, Marriott International apologized profusely to China after sending a letter to rewards club members that listed Tibet, Hong Kong, Macau and Taiwan as options on a ques... [Full Article...]

HSBC claims first trade transaction with blockchain

HSBC claims first trade transaction with blockchain Similarly, it will take some time for every finance institution to settle on a single blockchain standard to conduct these transactions. This exchange was done in 24 hours. "The quick turnaround could mean unlocking liquidity for businesses", HSBC's head of growth and innovation was quoted saying in a statement. Experts have said that with blockchain being heavily decentralised, various part... [Full Article...]

Trump Lawyer Michael Cohen's Swampy Dealings Dissected by John Oliver

Trump Lawyer Michael Cohen's Swampy Dealings Dissected by John Oliver Oliver started off by joking Cohen was such a bad lawyer that Donald Trump had to say "I need someone good, get me Rudy Giuliani on the phone", to cheers from his audience. Cohen reportedly took out a loan in March and put his Manhattan apartment up as collateral. The questions come after Stephenson admitted in an email to employees last week that AT&T had entered a consulting contract w... [Full Article...]

Council estate chemical boss Jim Ratcliffe tops Sunday Times rich list

Council estate chemical boss Jim Ratcliffe tops Sunday Times rich list Second is theatreland ace Andrew Lloyd Webber, worth £740m. Mr Ratcliffe is the first UK-born person to top the rich list since the Duke of Westminster in 2003. Looked at as a list of young musicians (under 30 years old), Adele is still the wealthiest with £140 million, up by £15 million in a year in which she didn't even tour or release an album. [Full Article...]

Trump has options if markets panic on Iran

Trump has options if markets panic on Iran But oil ministers have since said other metrics should be considered such as oil industry investment, suggesting they are in no hurry to end supply cuts. But its oil minister said on Thursday that Trump's decision to quit the pact would not affect Tehran's exports. A Saudi energy ministry official said that Saudi Arabia "will work with major producers and consumers within and outside OPEC to l... [Full Article...]

Stopping Iran from going nuclear

Stopping Iran from going nuclear That is part of a flurry of diplomatic activity following Tuesday's unilateral withdrawal from what US President Donald Trump called "a terrible, one-sided deal", a move accompanied by the threat of penalties against any foreign firms doing business in Iran . [Full Article...]


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