Economy

World's longest flight to launch

World's longest flight to launch A Singapore Airlines Airbus A350-900 (R) lands at Singapore International Changi airport in this March 3, 2016 file photo. Covering a distance of approximately 16,700km, the non-stop flight will take around 18 hours and 45 minutes - a route that will initially be served three times a week. [Full Article...]

Vermont will pay remote workers $10,000 to move there

Vermont will pay remote workers $10,000 to move there Heads up, if you're looking to relocate somewhere a little more scenic, and a little less populated: Vermont is paying people $10,000 to relocate to the state - so long as they work remotely for an out-of-state employer. "We need more people in the state and people participating in the workforce", said Joan Goldstein, the commissioner of Vermont's Department for Economic Development. [Full Article...]

Spanish PM Rajoy forced out of office

Spanish PM Rajoy forced out of office Spain's King Felipe VI still has to swear him in. Rajoy is set to become the first Spanish premier to lose a no-confidence vote since the country transitioned to democracy after the death of dictator Francisco Franco in 1975. Jail sentences handed down by a court last week in a long-running corruption scandal involving former PP officials ignited smoldering public outrage over political graft. [Full Article...]

United States job growth accelerates, unemployment rate drops to 3.8%

Analysts had predicted a more modest 188,000 jobs and an unemployment rate of 3.9 percent, according to Thomson Reuters. Daniel Silver, an economist at JP Morgan, said in a note Thursday that he expects 250,000 jobs were crated in May, citing low unemployment insurance claims during the reference week for the May report as well as a potential tailwind from good weather during May. [Full Article...]

Using Ticketfly to go to a show? It's been hacked, company says

Using Ticketfly to go to a show? It's been hacked, company says The cyber incident page informs fans and clients that Ticketfly does not have an exact time for when the site will be restored and asks everyone to refer to individual venue and promoter social media posts for more information on events during the blackout. [Full Article...]

Google won't renew drone AI contract with Pentagon

The Times said Pichai addressed the matter at an all-staff meeting last Thursday, telling employees that the firm intended to come up with a list of principles about its use of artificial intelligence for military means. Those guidelines may give disappointed employees and a curious public more clues as to how Google plans to navigate AI research, and the sort of contracts it may pursue. [Full Article...]

Southwest flight diverted because of smoking passenger

Southwest flight diverted because of smoking passenger Unfortunately for Shariat, it turned out to be something, as the man allegedly didn't "try to hide his actions or his penis". " Fine ", she replied. At 9 a.m. EST on Wednesday, the woman had still not been contacted directly by anyone from Southwest. The passengers were told that it was due to a "mechanical failure", but if you've ever been around a pot smoker, you can pick up pretty quickly o... [Full Article...]

SoftBank invests $2.25 billion in General Motors’ autonomous vehicle division

SoftBank invests $2.25 billion in General Motors’ autonomous vehicle division As part of the deal, GM will also invest $1.1 billion in GM Cruise upon closing of the transaction, which is expected by the end of June. It gives GM funds for wide-scale deployment of self-driving cars, which GM aims to roll out next year. [Full Article...]

San Francisco Subpoenas Uber, Lyft Over Driver Stats

San Francisco Subpoenas Uber, Lyft Over Driver Stats Bellavia said she wants the city to treat Uber and Lyft as they treat taxis. When ride-hailing services Uber and Lyft arrived in Los Angeles six years ago, they sold Angelenos on the narrative that driving for their companies was little more than a side-hustle - a flexible way to make money while being your own boss. [Full Article...]

Warren Buffett sought US$3bn investment in Uber, but talks broke down

Warren Buffett sought US$3bn investment in Uber, but talks broke down But the deal's ultimate failure isn't necessarily significant for Uber . An Uber spokesman declined to comment. Buffett did not immediately respond to a request for comment left with an assistant. Many of these have carried favourable terms for Berkshire, giving it a reputation as a lender of last resort to companies in need. "If not, we can live with that, too", said Khosrowshahi. [Full Article...]

Trudeau calls USA viewing Canada as national security threat 'simply ridiculous'

Trudeau calls USA viewing Canada as national security threat 'simply ridiculous' Mexico's ministry of economy pledged to impose equivalent measures, and included a partial list of US goods that would face tariffs, including pork bellies, cheese, and produce such as grapes and apples. Trudeau said the tariffs are "totally unacceptable". "Americans remain our partners, friends, and allies", he said in a statement . Trump's administration insisted on it and Trudeau flatly ... [Full Article...]

Shares of Deutsche Bank fall on report of Fed downgrade

Christian Sewing reiterated a commitment to Deutsche's turnaround in his message to staff, saying the bank will prove that it has "earned a better valuation" on the financial markets. "The bank appears set for a period of sustained underperformance". Sewing emphasised in his memo to staff on Friday: "S&P does not base its decision on any doubts about the strength of our balance sheet. [Full Article...]

Glasgow makes the cut for Channel 4's new headquarters

Glasgow makes the cut for Channel 4's new headquarters More than 30 applications were received, and Mahon selected the shortlisted entries with executive board member Jonathan Allan. Hull, the 2017 UK City of Culture, was not among the 13 areas to make it through to the next stage of the process. [Full Article...]

Fears over Italy turmoil spread through global markets

Fears over Italy turmoil spread through global markets The ceremony sets the stage for the formal handing over of the government later Friday. If Cottarelli does not pass a vote of confidence , as is almost certain, his government would not get a chance to set out such a budget. "And the most extreme case of that, of course, is the United Kingdom and the decision to leave the European Union altogether", Walker said. Italy's president has remi... [Full Article...]

California Chick-fil-A to Pay $18 an Hour for Some Employees

California Chick-fil-A to Pay $18 an Hour for Some Employees As it stands, the minimum wage in California is $11/hour, and will increase almost $0.50/year until it reaches $15 by the year 2022. The company is creating a work environment that will help bolster an individual's ability to "raise a family", and "improve their lifestyle", whilst stating how "the people are the real key to a successful business". [Full Article...]

‘Totally unacceptable’: Canada retaliates with tariffs on U.S. imports

‘Totally unacceptable’: Canada retaliates with tariffs on U.S. imports Late yesterday, Mr Trump issued a statement about the NAFTA negotiations, saying the days of the United States being taken advantage of on trade were over. The EU threatened tariffs on Harley Davidson motorcycles and bourbon, measures aimed at the political bases of US Republican legislators. Europe and Mexico reacted to the USA move with their own lists of tariffs on American produc... [Full Article...]

OECD Economic Outlook: Stronger global economy, but risks loom large

Upside risks to growth include faster export growth if the recovery in export markets is stronger than projected or if more intense privatisation releases resources to more dynamic exporting firms, according to OECD. The outlook highlights a range of risks to the current expansion. Inflation is expected to increase from 1.6% to 2.3% this year on the back of higher food and energy prices, and t... [Full Article...]

Where to get free doughnuts on Friday, which is National Doughnut Day

Where to get free doughnuts on Friday, which is National Doughnut Day Not coincidentally, it also comes with a "free mini slider". You must love doughnuts and be willing to win big prizes. They're debuting as a menu item just in time for Friday, and they'll only be available for a limited time . Daylight Donuts: The Daylight Donuts in Moore on Eastern Ave.is participating in National Doughnut Day! Also at Alabama Dunkin' locations , from 5 a.m. [Full Article...]

What the Tech? New privacy policies

What the Tech? New privacy policies Your email inbox may be filling up with messages from companies asking you to review their privacy policy, and it's all due to a new law in Europe known as GDPR , and you shouldn't just shrug off these notices. The fight against forced consent is also important for small and local companies , which usually can not force their customers to agree to policies, according to NOYB. [Full Article...]

Waymo will purchase up to 62,000 self-driving minivans from Chrysler

Waymo will purchase up to 62,000 self-driving minivans from Chrysler Waymo and FCA are taking different approaches to autonomy than GM Cruise is, though both sides have bet on laser radar, or lidar, as the best technology for fully self-driving cars. Waymo CEO John Krafcik has hinted at plans to license its self-driving tech before. Waymo is now the only company allowed to operate a fleet of fully-autonomous vehicles without a safety driver and this promises to t... [Full Article...]


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