Thursday August 16-th, 2018

Lunch with Warren Buffett sold at auction for $3.3 million Lunch with Warren Buffett sold at auction for $3.3 million

Glide's anti-poverty programs got the attention of Buffett's late wife, Susan, who lived in San Francisco and donated money to such causes. This year's auction, run through eBay , began May 27 and closed on Friday night. With the amount, Glide wil...

Solidarity in euro zone should not lead to debt union, Merkel says Solidarity in euro zone should not lead to debt union, Merkel says

In her words, cohesiveness among currency block members is important, "but solidarity between European partners should not lead to a debt union but help its members to help themselves". "This is very pleasing", SPD leader Andrea Nahles told the ARD...

Microsoft Just Surpassed Alphabet In Market Value 05/31/2018 Microsoft Just Surpassed Alphabet In Market Value 05/31/2018

While Microsoft still trails behind Apple's market valuation of $923 billion and Amazon's $782 billion market top, it has a different scope of organizations where it produces income from. In Microsoft's latest quarter its Windows, Surface, an...

Giuseppe Conte to take the reins as PM as Italian stalemate ends Giuseppe Conte to take the reins as PM as Italian stalemate ends

On Saturday evening Five Star held a rally in the centre of Rome with thousands of supporters and all its ministers to celebrate "the government of change". Public resentment over what was perceived as fellow European Union nations' failure to he...

Petrobras CEO resigns as strikes take down market favourite Petrobras CEO resigns as strikes take down market favourite

Petrobras said in a statement the board would choose an interim CEO on Friday and other top executives would remain. Following the news, USA -listed shares in Petrobras fell almost 11 percent. The strike, suspended yesterday, called for a reduction...

Visa near 'normal' after outage in Europe Visa near 'normal' after outage in Europe

The company issued a statement this morning saying systems are now at "full capacity", and that the problems were not a result of a cyber-attack. Social media users remarked on the crisis, sympathising with retails workers having to explain the sit...

Economy adds 223K jobs in May, unemployment down to 3.8 percent Economy adds 223K jobs in May, unemployment down to 3.8 percent

Earlier in the week, it threatened to hit China with tariffs on $50 billion of its goods. US employment has risen for 92 consecutive months, the longest jobs-expansion streak on record, while the current jobless rate in the USA indicates a market w...

Alibaba to invest over 100 billion yuan on smart logistics Alibaba to invest over 100 billion yuan on smart logistics

The Cainiao box is still only in the idea phase and has no scheduled release date, but Alibaba wants to begin commercial production on the G Plus by the end 2018. Over the past five years since its establishment, Cainiao Network, Alibaba's ...

Family demands answer after dog dies on Delta flight Family demands answer after dog dies on Delta flight

Michael Dellegrazie, who owned Alejandro with his girlfriend, said on Good Morning America on Saturday that they followed the airline's rules of having Alejandro undergo a physical before the flight from Phoenix to Newark. "To say they are distra...

Commerce Secretary To Press China To Buy As Allies Seethe Over Tariffs Commerce Secretary To Press China To Buy As Allies Seethe Over Tariffs

No formal trade deals came out of that meeting, but China agreed last month to "significantly increase purchases of United States goods and services", according to a White House statement. While the team may be inching toward technical agreement in...

Google plans not to renew military deal protested by employees Google plans not to renew military deal protested by employees

Diane Greene , the chief executive in charge of Google's cloud businesses, told employees during a morning meeting that the company won't seek another contract for the Pentagon partnership, three sources told the tech website. Project Maven was l...

Smelly Airline Passenger Forces Emergency Landing As Fellow Travelers Vomit and Faint Smelly Airline Passenger Forces Emergency Landing As Fellow Travelers Vomit and Faint

Once the plane made the emergency landing in Faro, in the South of Portugal , the man was taken away in an ambulance. Van Haut said several passengers got sick, and airline staff eventually asked the man to go in the toilet in an effort to minim...

Aussie Shoppers Blocked From Using Amazon's US Website Aussie Shoppers Blocked From Using Amazon's US Website

Amazon Inc. has announced that Australian consumers will now have to use the company's Australian website rather than the USA one beginning July 1 in order to avoid a new sales tax on certain imported goods. Shares of local e-commerce site Kogan.com ...

ECB source: Deutsche Bank making progress on turnaround ECB source: Deutsche Bank making progress on turnaround

Christian Sewing acknowledged in a message Friday to staff that "many of you are sick and exhausted of bad news" but assured them that the bank has solid capital buffers. The Wall Street Journal reported Thursday that the U.S. Federal Reserve assig...

No Bidders For Air India Yet As Deadline Ends Today No Bidders For Air India Yet As Deadline Ends Today

Earlier this month, the government had extended the EoI submission deadline to May 31 from the previous date of May 14. Positives such as a fleet of 115 aircraft and over 2,500 prime global slots in markets including the US, UK, Europe, Southeast...

The winning numbers for tonight's €4.5 million Lotto jackpot are here

Marie, Toronto the Sault Ste. Last night's DAILY GRAND jackpot was won by a ticket sold somewhere in the province, outside both Edmonton and Calgary. No one won Friday's jackpot of $60 million. The winning numbers were 15, 19, 25, 28, 32, 39 and ...

Fair Work Approves 'Modest' 3.5% Minimum Wage Rise Fair Work Approves 'Modest' 3.5% Minimum Wage Rise

The Australian Industry Group had been pushing for a $12.50 pay rise. According to the research, workers whose minimum wage was increased by $1 found that 9 percent to 57 percent of their wage gains were offset by a decline in their employer's hea...

Oil prices steady after shake-out on supply worries Oil prices steady after shake-out on supply worries

Brent crude prices have jumped 13 per cent this year and the production cuts achieved a key goal of eliminating the global surplus. The source added that the oil market was moving towards balance and fundamentals were better than a year ago, "but t...

Oil is fall in price on record production data in US Oil is fall in price on record production data in US

Crude oil futures erased earlier losses on Friday but the United States benchmark price was set to lose ground for the second week, squeezed by record USA production and expectations of OPEC boosting output. It has been a turbulent few weeks with oil...

SoftBank invests $2.25 bn in GM's self-driving cars SoftBank invests $2.25 bn in GM's self-driving cars

General Motors announced Thursday that Japan's SoftBank will pour $2.25 billion in the automaker's self-driving business, in a significant deal experts say boosts GM's chances to be the first company to deploy autonomous cars nationwide.

Crackdown on high-interest lending announced by FCA Crackdown on high-interest lending announced by FCA

The FCA still sees a need for "more fundamental change" in the way banks charge for overdrafts, he said. Rent-to-own contracts, which more and more consumers are using for household appliances, will also be subject to an intervention by the FCA, wh...

Rail operator Northern to temporarily cut services Rail operator Northern to temporarily cut services

On Friday, GTR saw nine per cent of its trains either cancelled or more than 30 minutes late. "Cash, the RMT general secretary, said: "‎It is absolutely disgusting that those responsible for the carnage on out railways over the past twelve days -...

Qantas, Air NZ Sign Alliance as Down Under Tourism Booms Qantas, Air NZ Sign Alliance as Down Under Tourism Booms

A codeshare deal between former foes Qantas and Air New Zealand will shore up their stronghold in the Australian and New Zealand domestic markets and kick Virgin in the guts, according to aviation sources . Not only this, the CEOs of the both the ca...

Minimum Wage To Rise Across Australia

Dione Chambers is the general manager for the Greater Vernon Chamber of Commerce. Fair Work Commission: The increase we've decided on won't lead to inflationary pressure. "While the minimum wage influences around 20 percent of the labor market dire...

Salzgitter sees limited impact from U.S. steel tariffs Salzgitter sees limited impact from U.S. steel tariffs

Calling the tariffs "illegal", the European Commission quickly vowed to fight back with its own package, expected to hit about $7.5 billion worth of USA exports, according to CNN , and will lodge a complaint with the World Trade Organization.

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