Tuesday August 20-th, 2019

Oil prices tumble amid surging U.S. crude inventories Oil prices tumble amid surging U.S. crude inventories

Standoffs between the US and key trading partners China and Mexico, plus new data showing larger than expected USA stockpiles, yesterday blasted crude futures to their lowest levels in five months. More specifically, both prices sank 10 US dollars pe...

FedEx Express ditches Amazon FedEx Express ditches Amazon

Amazon's emergence as a logistics giant has posed a costly challenge to FedEx and United Parcel Service Inc.by stepping up pressure for faster deliveries. Amazon, however, is more than three times their size by revenue and was sitting on about $22 bi...

London to get 'world's first' infinity pool with 360-degree views London to get 'world's first' infinity pool with 360-degree views

OK, looking at the pictures, you're probably wondering how you'd get in (or out). Made of cast acrylic , the pool will also feature transparent sides and floors so that visitors to the building can gaze upon the swimmers above them. Swimming pool ...

Once a book selling giant, Barnes & Noble sold to hedge fund Once a book selling giant, Barnes & Noble sold to hedge fund

Beleaguered bookseller Barnes & Noble Inc. has a buyer. That breaks down to $6.50 per share, or a premium of 42 percent above Wednesday's closing price. Along the way, it's weathered self-inflicted wounds and internal drama. The company's Nook e-...

Soon, Walmart will put groceries right in the fridge while youre out Soon, Walmart will put groceries right in the fridge while youre out

The company is on track to offer pickup at 3,100 stores and regular grocery delivery to 1,600 stores by the end of the year, said Marc Lore, president and CEO of Walmart eCommerce. The effort follows a small pilot program Walmart conducted two year...

Uber will start offering $200 helicopter rides in NY next month Uber will start offering $200 helicopter rides in NY next month

The aim of Uber Copter is to axe the total time it takes to travel between both places, which could take at least 60 minutes and during rush hour, more than two hours, Engadget reported . Helicopters have been whisking travellers from Manhattan to...

Local places offering deals for National Doughnut Day Local places offering deals for National Doughnut Day

To help people take a pause with the ideal treat for the holiday, on National Donut Day , Dunkin' is offering guests a free classic donut of their choice with the purchase of any beverage. Doughboys Donuts (11559 East 63rd Street, Raytown, Mis...

Sephora closes US stores for 1-hour diversity training after SZA incident Sephora closes US stores for 1-hour diversity training after SZA incident

A month after U.S. rapper/singer SZA tweeted that she had been racially profiled by security staff in a Sephora store in California, the beauty giants have officially apologised and announced a country-wide diversity training day for June 5 ( Ame...

USA business group urges Ford to lay off Beer Store contract USA business group urges Ford to lay off Beer Store contract

In a letter to Ford, Senior Vice-President Neil Herrington warned the premier risks sending a negative signal to USA and other worldwide investors about the business and investment climate in Ontario. "(The companies) know that in our parliamentary s...

Google appeals against EU fine for anti-trust breach Google appeals against EU fine for anti-trust breach

First reported by The Telegraph , Google lodged the appeal on late Tuesday to the General Court of the EU. Contacted by AFP , Google declined to comment on Wednesday. "The Commission found that Google's conduct harmed competition and consumers, ...

U.S. job creation collapses in May, should investors be anxious?

The ADP number may be a sign of labor shortages, but may also be an aberration, since job growth numbers so low are usually only a single-month occurrence, based on historical data, except as a part of an outright recession. "The economy's growth...

One Of The World's Biggest Retailers Is Coming BACK To Australia! One Of The World's Biggest Retailers Is Coming BACK To Australia!

Embattled toy retailer, Toys" R " Us, has re-entered the Australian market, swapping its big-box store model for an e-commerce presence, launching June 12. Louis Mittoni, CEO of Hobby Warehouse , said he was "delighted" to bring the toy retailer bac...

Toyota, Subaru to jointly develop all-electric crossover Toyota, Subaru to jointly develop all-electric crossover

As part of that plan, Toyota aiming to sell at least one million EV or hydrogen-powered vehicles, along with 4.5 million hybrids, a technology the firm has always been a pioneer in. " Subaru and Toyota believe that it is necessary to pursue a bu...

Australian economy shows weak growth at start of year

The economy grew just 1.8 percent from a year earlier, the weakest reading since the global financial crisis, as households boosted their savings and cut spending in a classic response to wealth erosion. Meanwhile, property investment also dragged ...

China fines Changan Ford for vertical monopoly agreements China fines Changan Ford for vertical monopoly agreements

Ford has a 50 percent stake in Changan Ford with Changan Automobile owning the remaining stake in the joint venture. Since 2013, Changan Ford has restricted the minimum vehicle resale prices for downstream dealers in Chongqing municipality, violati...

People have recognised India's stature has risen in last 5 yrs: Jaishankar People have recognised India's stature has risen in last 5 yrs: Jaishankar

Second is the growth of nationalism, which he said is being validated electorally across the globe, and the third is the global rebalancing taking place, especially with the rise of China. He further stressed the need to monitor their progress so tha...

China Grants 5G Licenses to 4 Telecom Operators China Grants 5G Licenses to 4 Telecom Operators

The accelerated 5G rollout could help Huawei as Washington pushes its allies around the world to drop the firm from their 5G networks due to fears it could be used as a tool of Chinese state espionage, a claim that Huawei has repeatedly denied.

Aviva to axe 1,800 jobs as United Kingdom business splits in two Aviva to axe 1,800 jobs as United Kingdom business splits in two

Adjusted operating profit in Canada was "flat" a year ago, Aviva said, at £46 million (out of £3.1 billion for the entire company), as the insurer faced "elevated weather and large loss experience, persistent challenges in motor insurance and costs...

Fiat Chrysler blames French politics for scrapping $35bn Renault merger Fiat Chrysler blames French politics for scrapping $35bn Renault merger

The French government holds a stake of more than 15% in Renault . Perhaps if it wasn't for France's political climate, the talks could have moved to the next level. "An agreement had been reached on three of these conditions". "What remained to be...

Sign In With Apple Mandatory For Apps With Third Party Logins Sign In With Apple Mandatory For Apps With Third Party Logins

The Apple CEO met bright young coders from across the globe and Palash was the only one representing India at the meet. Over the past few days, media reports said the USA authorities are mulling an antitrust probe into big tech companies for a wi...

Carnival Corp. to pay $20 million fine over pollution violations

Seitz has requested that chairman Micky Arison and president Arnold Donald attend a hearing scheduled for Monday, June 3, where the district judge will review the settlement on the probation violation charges between Carnival Corp and federal pro...

Mexico tries to convince U.S. it has stemmed flow of migrants Mexico tries to convince U.S. it has stemmed flow of migrants

A White House official said ahead of Wednesday's talks, "Trade and all other aspects of our relationship are critically important, but national security comes first, and the White House is dead serious about moving forward with tariffs if nothing can...

Microsoft, Oracle Team Up to Take on Amazon AWS Microsoft, Oracle Team Up to Take on Amazon AWS

Microsoft says it is fully committed to cloud development in South Africa, with the company's recently-launched Azure data centres expected to have a direct impact on the economy. Microsoft and Oracle announced a cloud interoperability partnership ...

Google to team up with Looker platform in $2.6 billion deal Google to team up with Looker platform in $2.6 billion deal

Looker's products allow companies to make sense of the reams of data they are collecting in data warehouses, which are specialized types of databases created to make analytical queries easier and faster. The company was valued at $1.6 billion after a...

Ford confirms closure of United Kingdom engine factory as part of restructuring Ford confirms closure of United Kingdom engine factory as part of restructuring

In January, Ford said that as part of a worldwide turnaround effort it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines, and would start consultations with unions on the plans. "We are committed to the UK"...

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