Economy

Cryptocurrency addicts seek treatment at Scottish clinic

Cryptocurrency addicts seek treatment at Scottish clinic Addiction to the trading of cryptocurrencies like Bitcoin is a behavioural addiction, like gambling addiction and compulsive online "day trading" on the stockmarket. As part of its treatment campaign, the clinic has launched a web page on cryptocurrency addiction , a FAQs page about the ailment, and a video succinctly explaining it and its symptoms. [Full Article...]

Amazon US Website Blocked In Australia

Amazon US Website Blocked In Australia Under new GST collection laws, online retailers will be forced to apply the 10 percent GST to goods purchased on global sites and shipped to Australia. "While we regret any inconvenience this may cause customers, we have had to assess the workability of the legislation as a global business with multiple worldwide sites", it said in a statement . [Full Article...]

Giuseppe Conte fails to form a government leaving Italy facing another election

Giuseppe Conte fails to form a government leaving Italy facing another election That prospect has rocked financial markets, with the euro sinking to multi-month lows on fears that snap elections would lead to a eurosceptic government in Rome . Here's a summary of what's going on in Italy, where the political situation is developing rapidly. Mr Conte has now stepped down and correspondents say President Mattarella has been in talks with former International Monetary Fun... [Full Article...]

Five Things: the next steps for getting the Trans Mountain project done

Five Things: the next steps for getting the Trans Mountain project done Saint John, N.B., Mayor Don Darling also took to Twitter to wonder "where was this support for Energy East". While the Liberal Government claims that building the pipeline is in the best interest of Canada and have reaffirmed their commitment to building the pipeline, I can not understand why the Prime Minister would simply not give Kinder Morgan the assurances they were asking for. [Full Article...]

US to impose steel, aluminum tariffs on EU, Canada, Mexico

But Mr. Ross said that, while discussions with the Europeans had been ongoing, the progress had not warranted either another temporary exemption or a permanent exemption. The EU - along with Canada and Mexico - are now receiving a temporary exemption which expires Friday. Canada is also considering imposing levies on high-profile USA -made consumer goods and luxury items, with the goal of hurting ... [Full Article...]

De Beers to start marketing lab-grown diamonds

De Beers to start marketing lab-grown diamonds It's also a bid to undercut the legitimacy of competitors that are trying to impinge on DeBeers' high-end turf. According to Cleaver, their research suggests that consumers see diamonds that are grown in a lab as a fun, pretty product that should be cheap. [Full Article...]

Trans Mountain court action continues, John Horgan says

Trans Mountain court action continues, John Horgan says Trudeau, in social media, declared that government had "taken action" to create jobs and secure "a vital project in the national interest", but it is a decision that carries political risks for a government that won its mandate with a campaign that was heavy on idealism. [Full Article...]

Hacker sentenced to 5 years in prison for major Yahoo security breach

Hacker sentenced to 5 years in prison for major Yahoo security breach The four men were indicted in March 2017. The hacker's name is Karim Baratov, a Kazakh national living in Canada. In November, he pleaded guilty to conspiracy to commit computer fraud and identity theft. He would provide customers with a screenshot of the hacked account and promised he could change security questions so they could maintain control of the account. [Full Article...]

BMO and Simplii Financial warn that fraudsters may have hacked client information

BMO and Simplii Financial warn that fraudsters may have hacked client information The Bank of Montreal said hackers contacted the bank on Sunday claiming to be in possession of the personal information of fewer than 50,000 customers, however it did not elaborate on the type of data they accessed. Shares in BMO were down 0.3 percent and CIBC was off 0.3 percent. It is also "assessing" fraud claims from clients, a spokesperson said. Simplii Financial promised to "return 1... [Full Article...]

Spectacular lightning strikes parts of UK

Spectacular lightning strikes parts of UK The UK has been hit by extreme weather over Bank Holiday weekend - with more than a month's rainfall falling in Birmingham in the space of one hour on Sunday. "Oh boy! This [is] utterly insane", he said. Forecaster Gemma Plumb, from BBC Weather, said that as the storms pushed northwards across England on Sunday, more would be coming up over the English Channel from the continent. [Full Article...]

Italy financial markets plunge on political turmoil

Italy financial markets plunge on political turmoil A power struggle between Italy's presidency and populist parties today shook global markets and called the country's continued membership in the European single currency into question. "Overall, this (U.S.) move puts a trade war scenario back on the agenda", Rabobank analysts told clients. Indonesia's central bank is holding an out-of-cycle policy meeting on Wednesday, and is expected to raise i... [Full Article...]

Petrol price cut by 60 paise per litre, diesel by 56 paise

Petrol price cut by 60 paise per litre, diesel by 56 paise After news of a cut in petrol prices in the morning, India's biggest fuel retailer, Indian Oil has revealed that the announcement of a cut in prices it made earlier in the day was a mistake. If the government wants it can reduce the price, but it's not doing anything. He further pointed out that less production of oil in the Organization of the Petroleum Exporting Countries (OPEC) and hi... [Full Article...]

California tests digital license plates

California tests digital license plates California cars will soon be spotted with digital license plates as part of a pilot project. The manufacturer behind the digital plates says that they could particularly important if a vehicle is stolen as they feature a tracking function. [Full Article...]

Tesla in Autopilot Mode Crashes into Police Car

Tesla in Autopilot Mode Crashes into Police Car Police Sgt. Jim Cota says the officer was not in the cruiser at the time of the crash and that the Tesla driver suffered minor injuries. Police say the Tesla was driving in autopilot mode when it collided with the parked SUV, but investigators are still examining the cause and circumstances. [Full Article...]

USA to shorten length of some Chinese visas amid trade row

USA to shorten length of some Chinese visas amid trade row Chinese tabloid the Global Times said the United States was suffering from a "delusion" and warned that the "trade renege could leave Washington dancing with itself". The National Retail Federation on Tuesday said it was "disappointed" with the new White House communications, saying the tariffs would raise prices, kill jobs and spur costly retaliation. [Full Article...]

Global price of oil falls

Global price of oil falls US West Texas Intermediate (WTI) crude futures were at $66.31 a barrel, down $1.57, or 2.3 per cent. Brent crude futures settled up 9 cents to $75.39 a barrel. As long as price differentials remain, USA oil exports will continue to chip away at both Saudi and Russian market share in Asia, the world's largest oil consuming region, led by China, Japan, India, and South Korea. [Full Article...]

Krispy Kreme Owner Bets Americans Will Eat at Pret A Manger

Krispy Kreme Owner Bets Americans Will Eat at Pret A Manger Pret A Manger and JAB Holdings did not respond to a request for comment outside regular business hours. JAB Holding Co ., based in Luxembourg, did not disclose the financial terms of its deal with the current owner, the private equity firm Bridgepoint. [Full Article...]

EU proposes to ban plastic straws, stirs, and cotton buds

EU proposes to ban plastic straws, stirs, and cotton buds The European Parliament has said that plastics production is now 20 times higher than in 1960s. Europe could ban plastic cutlery in the coming years. That was in sharp contrast to the reactions to some other environment-related legislative proposals coming out of Brussels recently, like the one on new Carbon dioxide standards for cars. [Full Article...]

Starbucks' racial-bias training will be costly, but could pay off

Starbucks' racial-bias training will be costly, but could pay off They were arrested for trespassing . Rashon Nelson and Donte Robinson were asked to leave after one was denied access to the bathroom. "We are here to make sure Starbucks is a place where everyone, everyone feels welcome", says CEO Kevin Johnson in the video. [Full Article...]

Will Tesla be able to produce Model 3 of $ 35,000?

Will Tesla be able to produce Model 3 of $ 35,000? At least this is what two sources familiar with the situation, speaking under anonymity, told Reuters late last week . The mentioned target for Model 3 production has been reached by Tesla Motors a few days after Musk had told the company's employees in an earlier email that it was "quite likely" that Tesla's Model 3 production across all production zones will surpass the "500 vehicles per d... [Full Article...]


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