Tuesday August 20-th, 2019

Coles and Aldi axe $1 milk to support Australia's farmers Coles and Aldi axe $1 milk to support Australia's farmers

Customers will see the price of two litres of Coles Brand milk rise $2.20, and three litre Coles Brand milk to $3.30 in most Coles supermarkets; all stores will see the price increase in coming days. The additional cost will not be passed on to the c...

Instagram will let you buy products without leaving the app Instagram will let you buy products without leaving the app

Some of the first brands using the new Instagram service, which was launched in a closed beta, include Shopify merchants such as newly dubbed billionaire Kylie Jenner's cosmetics company and the apparel company Outdoor Voices. But fear not, because...

Deutsche Bank Loaned Donald Trump Billions Deutsche Bank Loaned Donald Trump Billions

The outlet alleges that Deutsche Bank's loans to Trump totalled $2 billion, also reporting that Trump could be lying about his net worth and assets. According to the newspaper, the list of these contacts at Deutsche Bank also includes Mike Offit, w...

Jet Airways crisis: Prabhu asks aviation secy to hold emergency meeting Jet Airways crisis: Prabhu asks aviation secy to hold emergency meeting

Jet Airways , with its fleet of 119 planes, once controlled a sixth of India's domestic aviation market. The current availability of aircraft in the fleet for operation is 41 and accordingly, a schedule for 603 domestic flights and 382 worldwide flig...

Norwegian aluminum producer hit by cyberattack Norwegian aluminum producer hit by cyberattack

The firm said it was working to contain and "neutralise" the attack. However, in an update posted on Facebook two hours after revealing the cyber-attack, Norsk Hydro said the hack actually took place late Monday evening, CET, and not Tuesday morn...

Musk never sought approval for a single tweet, securities regulator tells judge Musk never sought approval for a single tweet, securities regulator tells judge

That order stems from a settlement reached between the SEC and Tesla in September over Musk's now-infamous " funding secured " tweet a year ago in which he said he was prepared to take the company private at $US420 per share. "Such brazen disregard o...

Hyundai Motor, Kia To Invest $300 Million In Ola Hyundai Motor, Kia To Invest $300 Million In Ola

Hyundai and its affiliate Kia had also previously invested $275 million in Singapore-based ride-hailing firm Grab a year ago. The strategic investment will also provide Ola drivers different financial services like instalment payment solutions, l...

Ford confirms United Kingdom job losses as part of cost-cutting Ford confirms United Kingdom job losses as part of cost-cutting

The Kölner Stadt-Anzeiger daily reported that the job cuts were to be achieved through severance payments for employees up to 49 years of age and early retirement for employees over 50 years of age. The company employs around 53,000 people in Europe,...

London climbs world's most expensive cities rankings, although Paris takes top spot London climbs world's most expensive cities rankings, although Paris takes top spot

London has become a dearer place to live in the past year, causing it to climb eight places in the world's most expensive city list, according to the latest worldwide cost of living survey . Other cities that make up the top 10 list include Zurich, ...

Jet Airways cancels flights as four more planes are grounded by lessors Jet Airways cancels flights as four more planes are grounded by lessors

The liquidity crunch has not only forced the Airline to ground aircraft leading to cancellation of several flights, it has also caused delayed salary payments to its pilots, engineers and other senior staff. Earlier this month, he had assured them th...

Judge rules Qualcomm owes Apple almost $1B rebate payment Judge rules Qualcomm owes Apple almost $1B rebate payment

In the trial that just concluded, the jury unanimously agreed with Qualcomm's contention that it should be paid USD1.41 per iPhone relying on three of its patents. As a result, the jury has awarded Qualcomm $31 million in damages. Last week, WIP...

Lyft Seeks $20 Billion Stock Market Valuation Lyft Seeks $20 Billion Stock Market Valuation

Private market unicorns-businesses with a private market value over $1 billion-are coming public this year. Lyft Inc on Monday kicked off the investor road show for its initial public offering (IPO), seeking to woo money managers before its bigger ...

Warner Bros chief Tsujihara steps down amid actress scandal Warner Bros chief Tsujihara steps down amid actress scandal

Mr Tsujihara's role had just been expanded on February 28 to include global children's and family entertainment including oversight of Adult Swim and the Cartoon Network. After meeting Tsujihara, he and Kirk allegedly began their sexual relationship,...

Oil dips on weak economic outlook, but OPEC-led cuts still support Oil dips on weak economic outlook, but OPEC-led cuts still support

The 24-nation coalition known as OPEC+ needs to "stay the course" until June as its job is "nowhere near complete" in terms of restoring oil-market fundamentals, Al-Falih said late Sunday at a news conference in Baku , Azerbaijan. Many OPEC member...

Fisker Reveals Unnamed $40000 Electric Crossover to Rival Tesla Model Y Fisker Reveals Unnamed $40000 Electric Crossover to Rival Tesla Model Y

Fisker says this as-of-yet unnamed electric vehicle will feature approximately 300 miles of range on a full battery charge, which is expected to be 80 kilowatt-hours or greater in capacity. Also like Tesla, Fisker is figuring out manufacturing plans,...

Cadillac CT5 revealed ahead of New York Auto Show debut Cadillac CT5 revealed ahead of New York Auto Show debut

Scheduled to make its public debut at the NY motor show next month, the CT5 sports a mini-me design drawing upon the larger CT6 - which will be retired at the end of the year - and will compete with the likes of the BMW 3 Series and Mercedes-Be...

Anil Ambani’s RCom pays ₹4.62 billion to Ericsson Anil Ambani’s RCom pays ₹4.62 billion to Ericsson

SC had ordered Ambani and two RCom directors to pay Ericsson ₹450 crore within four weeks or face a three-month jail term for contempt of court. RCom under a debt of RS 46,000 crore, was close to selling its assets to Reliance Jio Infocomm (Jio...

Beto O'Rourke raises staggering $6.1 million after announcing 2020 run Beto O'Rourke raises staggering $6.1 million after announcing 2020 run

Donations totaling $6,136,763 were made online by people ― not political action committees or corporations ― and poured in from every state and territory, his campaign announced in a statement Monday. Amy Klobuchar reported raising $1 million in th...

Chris Cox, Facebook chief product officer, to leave firm Chris Cox, Facebook chief product officer, to leave firm

Cox's departure had been the latest amid a string of high-profile departures from Facebook's communication and product management team, which had also exacerbated worries among the investors and the results had been shown in the form of a quick sell...

Trump wants GM CEO 'to do something quickly' to reopen OH plant Trump wants GM CEO 'to do something quickly' to reopen OH plant

General Motors Chairman and CEO Mary Barra attends the reveal of the 2020 Cadillac XT6 SUV on the eve of press days of the North American International Auto show in Detroit, Michigan, U.S., January 13, 2019. "MUST ACT QUICKLY. Time is of the essence...

Deutsche Bank and Commerzbank in formal merger talks Deutsche Bank and Commerzbank in formal merger talks

Formal disclosure of talks increases the chances of concluding a tie-up that has always been the subject of speculation and surfaced in 2016 before both banks chose to focus on restructuring. A tie-up could see the possible joint bank becoming be the...

No Powerball victor Saturday; jackpot climbs to $550 million No Powerball victor Saturday; jackpot climbs to $550 million

Easter time on Saturday, has a $495 million jackpot, with a cash value of $300.2 million. That represents the eighth largest Powerball jackpot ever, according to an NC Education Lottery news release on Friday. When a jackpot victor is determined,...

CBOE Suspends Addition of BTC Futures CBOE Suspends Addition of BTC Futures

While the now listed futures contracts (XBTM19), would expire in June. While new contracts are being added to many other categories including Volatility Index futures, Cboe Bitcoin (USD) Futures (XBT) among a few others won't be seeing any new ad...

Mt. Gox Founder Mark Karpeles Given Suspended Sentence by Japan Court Mt. Gox Founder Mark Karpeles Given Suspended Sentence by Japan Court

According to a report published by the Wall Street Journal , the court found Karpeles guilty of creating electronic records connecting to the cryptocurrency exchange's books, but did not find him guilty of charges of breach of trust and embezzl...

GERMANY: Volkswagen boss apologises for Nazi gaffe GERMANY: Volkswagen boss apologises for Nazi gaffe

The board "strongly distances itself from this, but at the same time takes note of the immediate apology from Mr. Diess". Founded in 1937 as part of Adolf Hitler's vision for every German family to own a auto, Volkswagen used more than 15,000 sla...

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