Economy

Outgoing Starbucks chairman may run for office

Outgoing Starbucks chairman may run for office Schultz signed his announcement "Onward with love, Howard". In an interview with The New York Times , he acknowledged that he may consider a bid for the White House. Schultz, who has been with Starbucks for almost four decades, is credited with turning the company into a popular household name and growing it from 11 stores to more than 28,000 in 77 countries. [Full Article...]

Starbucks shuts 8,000 U.S. stores for racial bias training

Starbucks shuts 8,000 U.S. stores for racial bias training If you were planning to stop by Starbucks for an afternoon pick-me-up Tuesday, you'll need to make new plans. One of them asked to go to the bathroom but was denied access. Nelson and Robinson settled with Starbucks for an undisclosed sum and an offer of a free college education. After the pair sat down to wait, the manager called the police. [Full Article...]

'Frank' trade discussions in Beijing: US commerce secretary

'Frank' trade discussions in Beijing: US commerce secretary China is threatening to retaliate against proposed USA tariffs after Commerce Secretary Wilbur Ross' trip to Beijing failed to yield an agreement on trade. "It has been a great pleasure to spend yesterday with you and we are especially grateful for last night's dinner", Ross said as he met with Liu at the Diaoyutai state guesthouse. [Full Article...]

Google Ends AI Program With Pentagon After Employees Resign In Protest

Google Ends AI Program With Pentagon After Employees Resign In Protest Google has remained mum about Project Maven , which reportedly uses machine learning and engineering talent to distinguish people and objects in drone videos for the Defence Department. Fei-Fei Li, chief scientist at Google Cloud, told colleagues in emails that they should "avoid at ALL COSTS any mention or implication of AI" when announcing the Project Maven contract. [Full Article...]

Jordan's King Abdullah expected to ask prime minister to resign

Jordan's King Abdullah expected to ask prime minister to resign Sources say that King Abdullah has ordered an audience with Mulki in his palace later on Monday. Mulki imposed steep IMF-mandated tax hikes early this year to cut rising public debt. There have also been some protests in provincial towns, where police have reportedly used tear gas. Lina Rsheidat, 35, a housewife with a red keffiyeh scarf around her neck, said the proposed law was "unjust... [Full Article...]

Another Alberta multi-million dollar lottery victor

Another Alberta multi-million dollar lottery victor Marie, Toronto and the Sault Ste. No winning ticket was sold for last night's big prize. Not a lot of information about the ticket holders whereabouts are known just yet, but what we do know is that the ticket was sold somewhere in the mid-west of the country. [Full Article...]

U.S. citizen shot to death in Nicaragua's capital amid unrest

U.S. citizen shot to death in Nicaragua's capital amid unrest Auxiliary Bishop Silvio Baez of Managua , who has received death threats for his support of the rights of people to protest, tweeted May 31 that the bishops" latest statement "does not speak generically of "violent acts" rather acts carried out by "groups related to the government against the civil population, ' "killing" the people". [Full Article...]

Price of Warren Buffett Lunch Benefiting Glide is $3.3 Million

Price of Warren Buffett Lunch Benefiting Glide is $3.3 Million The victor, along with up to seven friends, will share a lunch with Mr. Buffett at Smith & Wollensky, a steakhouse in Manhattan. All the money raised from the auction helps cover the $20m (£15m) annual budget of the Glide Foundation - a San Francisco-based charity dedicated to helping the poor, homeless, and those fighting substance abuse. [Full Article...]

Merkel gives new push for eurozone reforms ahead of European Union summit

Merkel gives new push for eurozone reforms ahead of European Union summit Merkel refrained from outright criticism of Trump in her comments to the newspaper, but noted that the US has withdrawn from multilateral agreements and imposed new tariffs on steel and aluminum imports, including from Europe. Merkel's proposals appeared to be somewhat more cautious, but with many points of agreement with her closest European ally. For example, he is calling for the creation a e... [Full Article...]

Microsoft is now richer than Google

Microsoft is now richer than Google Only Apple and Amazon.com are worth more, at $922 billion and $788 billion, respectively. Since taking over four years ago, Nadella has helped more than double Microsoft's stock price, and the business has gone from being a 40-plus-year-old company to a modern tech icon. [Full Article...]

Pipeline protesters bringing fight to Burnaby MP's doorstep

Pipeline protesters bringing fight to Burnaby MP's doorstep She said people trying to block the project work in waves, or tag teams. In the meantime, the Government of Canada has agreed to fund pipeline construction work by guaranteeing TMEP's expenditures, meaning pre-construction pipeline work in the Valemount area could resume this summer. [Full Article...]

Italy deputy premiers busy as new PM Conte gets to work

Italy deputy premiers busy as new PM Conte gets to work Conte, a little-known 53-year-old law professor, is backed by the 5-Star Movement which grew out of a grassroots protest network, and the right-wing League who together have issued a budget-busting agenda of tax cuts and higher welfare spending. [Full Article...]

Amid Rosy US Jobs Report, Legal Sector Suffers Losses | The American Lawyer

Amid Rosy US Jobs Report, Legal Sector Suffers Losses | The American Lawyer Employers appear to be shrugging off recent concerns about global trade disputes. Unemployment among blacks fell to 5.9 percent from 6.6 percent in April, the lowest since the Labor Department began breaking out unemployment by race in 1972. [Full Article...]

Moscow to enter Alibaba global logistics network

Moscow to enter Alibaba global logistics network SHANGHAI, June 2 ― Next year, Alibaba's customers may have their packages delivered to them by G Plus , a self-driving delivery truck that relies on RoboSense's LiDAR technology. At present, the company has more than 200 full-time employees (excluding production site employees) and the core research and development team is more than 60% graduate students. [Full Article...]

Dog dies in plane hold waiting to change flights

Dog dies in plane hold waiting to change flights Alejandro the Pomeranian was on a Delta Airlines flight from Phoenix, Arizona to Newark, New Jersey on Wednesday and was placed in a kennel hold in the cargo hold of the plane. "This little guy fought hard for his life, filling our flight with his cries until he finally ran out of breath", passenger June Lara wrote on Facebook after the incident. [Full Article...]

Google set to end controversial Project Maven military AI program, report says

Google set to end controversial Project Maven military AI program, report says The contract is set to expire in 2019, and the decision not to renew was announced internally during a weekly meeting by Google Cloud chief Diane Greene , who added that the company will announce new ethical principles surrounding artificial intelligence and the military. [Full Article...]

Petrobras' U.S. stock falls after CEO's resignation

Petrobras' U.S. stock falls after CEO's resignation Under pressure, Temer suggested this week he might reconsider the policy. The strike disrupted operations at several chemical plants, which could not receive raw materials or ship out finished products. "The movement is continuing through the morning, when stoppages at other Petrobras units are expected". Mr. Parente's resignation came two days after Senator Vanessa Grazziotin proposed an in... [Full Article...]

Few Days Left to Avoid Trade War Between EU-US - French Minister

Few Days Left to Avoid Trade War Between EU-US - French Minister Bruno Le Maire, France's finance and economy minister, was blunt in his assessment of the Whistler meeting, where ministers confronted Mr Mnuchin. 6065 "The Americans have chose to, in our mind, to take an action that is not at all constructive". [Full Article...]

Deutsche Bank Aktiengesellschaft, (NYSE: DB)

Deutsche Bank Aktiengesellschaft, (NYSE: DB) The bank will have completed the "vast majority" of front-office job cuts by the end of June, chief executive officer Christian Sewing said on Tuesday at a conference in NY, adding that 600 staff have already left the corporate and investment bank division since the beginning of the year. [Full Article...]

U.S. Hurting Its Own Credibility with U-Turn on Trade: China

U.S. Hurting Its Own Credibility with U-Turn on Trade: China Commerce Secretary Wilbur Ross is scheduled to meet with Chinese trade officials in Beijing over the weekend. President Donald Trump threw the status of the talks into doubt this week by renewing a threat to hike tariffs on $50 billion of Chinese goods over complaints Beijing steals or pressures foreign companies to hand over technology. [Full Article...]


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