Tuesday May 21-st, 2019

Marriott says Starwood data breach could affect 500 million guests Marriott says Starwood data breach could affect 500 million guests

For 327 million guests, the information exposed was strictly personal: birthdays, passport numbers, email and mailing addresses, and phone numbers. Marriott announced Friday that it had "taken measures to investigate and address a data secur...

‘Payless’ opens fake luxury store with $600 shoes for fashion experiment ‘Payless’ opens fake luxury store with $600 shoes for fashion experiment

According to AdWeek , the reactions of the prank victims will be used for cable TV and social media ads. But there was a twist: they thought they were attending the store opening for a new high-end designer, Palessi, not looking at shoes from Payle...

Adani Group to fully fund troubled Carmichael coal mine Adani Group to fully fund troubled Carmichael coal mine

Adani Mining chief executive officer Lucas Dow said the Carmichael mine in Queensland would initially begin on a small scale and "ramp up" to a capacity of 27.5 million tonnes a year - less than half the size of the approved project. Shares of Adan...

Trump hints at new vehicle tariffs after GM closures, job cuts Trump hints at new vehicle tariffs after GM closures, job cuts

Japanese-made passenger vehicles imported to the US totaled an estimated $40 billion in 2017 and German-made cars totaled $20 billion in the same year. The survey released yesterday by IHS Markit , a London-based economics research firm, reveals that...

Trump signs trade deal with Canada and Mexico Trump signs trade deal with Canada and Mexico

There is more work to be done, Trudeau said, calling the recent announcement that General Motors will close plants in Canada and the USA " a heavy blow ". "The autoworkers are a tremendous beneficiary", said Trump, adding that the USMCA will help s...

Boy Sends Card To Dad In Heaven, Gets Heartwarming Reply From Postman Boy Sends Card To Dad In Heaven, Gets Heartwarming Reply From Postman

Postman, can you take this to heaven for my dad's birthday". Little Jase Hyndman, from West Lothian , who posted the card some weeks ago, received the letter informing him that the "particular important item of mail" was delivered, making it throu...

7.1% GDP growth in Q2 'disappointing': Finance Ministry 7.1% GDP growth in Q2 'disappointing': Finance Ministry

Bibek Debroy, attributed this positive trend to government's successful policy efforts in maintaining a stable domestic environment despite global uncertainties. "This quarter also faced the challenge of higher oil prices resulting in much higher imp...

Alberta Buying Its Own Rail Cars To Move More Oil Alberta Buying Its Own Rail Cars To Move More Oil

The province's costs will be fully recouped through royalties and the selling of shipping capacity, she said. "Don't mistake me, this is not the long-term answer". "We've been meeting with industry officials... and we're trying to dig in to find th...

Jamal Khashoggi: Canada levels sanctions on 17 Saudi nationals Jamal Khashoggi: Canada levels sanctions on 17 Saudi nationals

Corker warned that Congress would act if the Trump administration does not. The first hurdle for this proposed honor was cleared Wednesday when a neighborhood group approved a resolution that would symbolically designate part of the street that run...

Fed Chair’s comments on slower hikes to boost EMs Fed Chair’s comments on slower hikes to boost EMs

The impact of Powell's comments is visible in the spread of Euro-dollar interest rate futures between Dec 2018 and Dec 2019. Yet he has kept talking about it. Though Mr Powell's comments were markedly different from his characterisation of Fed poli...

Fed warns trade tensions could pose risk to USA financial system Fed warns trade tensions could pose risk to USA financial system

For his part, Bianco also said anxiety aside, old sources of risk ー like the banking system, the credit markets, the mortgage markets, or too much leverage ー won't cause the next financial crisis. Higher interest rates tend to slow economic growth ov...

Fed rate hikes aren't automatic - Powell Fed rate hikes aren't automatic - Powell

But some economists say three rate increases for next year are beginning to look less certain. Minutes will be released Thursday (November 29) afternoon. "Our gradual pace of raising interest rates has been an exercise in balancing risks". It pro...

Canada signs onto new NAFTA trade deal on sidelines of G20 summit

But he insisted that the "incredible milestone" would aid USA workers, especially in the auto industry, while putting in place "intellectual property protection that will be the envy of nations all around the world". The ceremonial signing does not m...

Trump joins Canada, Mexico leaders to sign new trade pact Trump joins Canada, Mexico leaders to sign new trade pact

The three-way trade agreement replaces the 24-year-old North American Free Trade Agreement. "We've known each other a long while", Trump said, noting he worked with Macri's father on real estate developments. Congress, with some top Democrats in th...

China-US Spat Now Poses Global Threat: Australian Leader China-US Spat Now Poses Global Threat: Australian Leader

Said Mr Trump: "Based on the fact that the ships and sailors have not been returned to Ukraine from Russian Federation, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting in Argentina with President V...

WTI oil price slides under $50 per barrel WTI oil price slides under $50 per barrel

Traders remain uncertain about whether the OPEC and non-OPEC producers like Russian Federation will agree to curb output at their Vienna gatherings next week. The global benchmark traded at an $8.23 premium to WTI. The more-active February contract...

President Trump suggests measures to protect domestic auto production President Trump suggests measures to protect domestic auto production

He said the small truck business in the USA has been a favorite for many years due to a 25-percent tariff on foreign trucks. A day earlier, he said GM "better damn well open a new plant" in OH. In an example of "what's good for investors isn't good...

Fed chairman's comments send markets soaring Fed chairman's comments send markets soaring

The midpoint of the Fed's neutral range is 3 per cent, and Mr. Powell has previously suggested that the central bank may have to go beyond neutral to cool the US economy, which, with unemployment at a half-century low, has nearly certainly overheat...

Trump on China: 'I like the deal we have now' Trump on China: 'I like the deal we have now'

Business Insider chose to take a look at some of the major businesses and industries that have explicitly blamed the president's trade war for a negative impact on their situation. Recent summits also do not bode well for any resolutions at the G20 l...

Ex-Facebook Employee Says Tech Giant Failing Black Employees, Users Ex-Facebook Employee Says Tech Giant Failing Black Employees, Users

Luckie praised the efforts that have been made to hire more black employees and said that black employees now make up 4 percent of Facebook's workforce, up from 2 percent in 2016. Luckie also recounts watching some of his colleagues clutch their wa...

Microsoft briefly toppled Apple as the most valuable company in the world Microsoft briefly toppled Apple as the most valuable company in the world

As per Business Insider , the move was a surprising one as less than two months ago Microsoft's market value reached at $887 billion, whereas Apple's reached a peak above $1.12 trillion, marking itself as the first USA company with a $ 1 trillion v...

Audi e-tron GT concept revealed, set for 2020 production Audi e-tron GT concept revealed, set for 2020 production

Set to go on sale in 2020, the all-electric grand tourer packs a 90kWh battery and two electric motors, helping it generate 434kW, or close to 590PS. Both the screen of the central instrument and the touchscreen above the centre console come with a...

Panama Papers Probe: Deutsche Bank Headquarters raided Panama Papers Probe: Deutsche Bank Headquarters raided

The Panama Papers scandal that erupted in 2016 with a massive data leak from Panamanian legal firm Mossack Fonsenca exposed large-scale tax evasion, laying bare how the world's wealthy and powerful stashed their assets in offshore businesses.

Premier Promises To Support Workers After GM Plant Closure Premier Promises To Support Workers After GM Plant Closure

The company said the moves are part of an effort to cut 15 percent of its workforce. The plant closure, which affects 2,973 assembly line workers, would end more than century of vehicle production in the city east of Toronto. "It is disappointing t...

Cryptocurrency Exchange ExLand Now Allows Trading of Ripple (XRP) Cryptocurrency Exchange ExLand Now Allows Trading of Ripple (XRP)

As of press time, Bitcoin is down less than 1 percent on the day and trading at $5,560. Every major cryptocurrency was down sharply on Monday morning, with many hitting levels not seen since 2017. Ripple price is holding the $0.4600 support are...

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