Tuesday August 20-th, 2019

Minimum wage enforcement begins for city employees and contractors Minimum wage enforcement begins for city employees and contractors

Raise the minimum wage, some economists and conservative commentators warn, and American workers will suffer. Monday marks the start of a new fiscal year for many state governments , ushering in a number of minimum wage increases across the co...

European Union leaders nominate Germany's von der Leyen for Commission head: Merkel European Union leaders nominate Germany's von der Leyen for Commission head: Merkel

He said the appointment of Ursula von der Leyen would still need approval by the Parliament, but said he was "absolutely sure" that France's Christine Lagarde would be a new independent head of the European Central Bank. The EPP has dominated the E...

Tesla shrugs off Model 3 demand concerns with record delivery numbers Tesla shrugs off Model 3 demand concerns with record delivery numbers

The analyst predicts Tesla will report deliveries of 43,000 models for the June ending quarter and 97,000 for the year. Tesla on Tuesday said it delivered a record-setting 95,200 cars in the second quarter of 2019. Despite the positive second-quart...

Lagarde lends ECB continuity more than credibility Lagarde lends ECB continuity more than credibility

The French IMF director's name also came up in earlier combinations that fell through due to disagreements over who would lead the commission. German Defence Minister Ursula von der Leyen, an ally of Chancellor Angela Merkel, would become head of t...

Another Reserve Bank of Australia cut takes rate to new low Another Reserve Bank of Australia cut takes rate to new low

Dr Lowe said while the Reserve Bank's monetary policy framework was centred on the inflation target, the ultimate objective was to promote the collective economic prosperity of Australia. The real estate and building industries have welcomed the rate...

Record-breaking levels of Americans expected to travel this Independence Day Record-breaking levels of Americans expected to travel this Independence Day

On the week, a gallon of regular unleaded is, on average, a nickel more expensive with almost 25 states seeing an increase of a nickel or more since last Monday. Nationwide, delays are expected to increase by approximately 9 percent. This is motivati...

Buffett donates ~$3.6B more Berkshire shares Buffett donates ~$3.6B more Berkshire shares

Besides the Gates Foundation, the recipients will be the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation and Novo Foundation. Buffett's largest prior annual donation was $3.4 billion in 2018. Jeff Bezos,...

Scotch whisky targeted by new USA tariffs Scotch whisky targeted by new USA tariffs

The WTO is due to make a ruling later this year on the extent of the unfair subsidies given to Airbus, which could pave the way for the U.S. to levy the threatened tariffs. The US and the European Union have been embroiled in tit-for-tat threats ...

Safaricom CEO Bob Collymore passes on Safaricom CEO Bob Collymore passes on

Safaricom, which is 35% owned by South Africa's Vodacom, controls about 62% of Kenya's mobile market, with 30 million subscribers. He helped expand the company's focus to include digital services, most notably developing the popular mobile money tr...

Syd, Melbourne house prices bounce in June Syd, Melbourne house prices bounce in June

Melbourne values picked up slightly last month too, up 0.2 per cent, the first monthly increase since its market moved through a peak in November 2017 - after an 11.1 per cent top-to-bottom fall. The Reserve Bank cut the official cash rate to a fresh...

GIC joins consortium to acquire USA railroad firm for US$8.4b GIC joins consortium to acquire USA railroad firm for US$8.4b

When the transaction closes by year end or in early 2020, G&W would become a privately held company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $83.44. The company has a market capi...

SAA adds Airbus A350-900 aircraft to its fleet SAA adds Airbus A350-900 aircraft to its fleet

In addition to the Airbus A350, the airline now operates an Airbus fleet of over 330 aircraft, including A320 family jets (including the new A320neo and A321neo), as well as A330 family aircraft. The new aircraft will cut the airline's fuel expen...

Russia, Saudi Arabia To Extend OPEC Production Cut Deal: Vladimir Putin Russia, Saudi Arabia To Extend OPEC Production Cut Deal: Vladimir Putin

Ministers from the group meeting in Vienna agreed to prolong their supply curbs by another nine months, said delegates, asking not to be named because the talks were ongoing. Oil prices could stall as a slowing global economy squeezes demand and US o...

Tim Cook fights back against WSJ report, calls it Tim Cook fights back against WSJ report, calls it "absurd"

Then, on Sunday the Wall Street Journal reported that Ive's creative involvement has been waning since Steve Jobs died in 2011 and he found the reign of Tim Cook to be uninspiring. While strongly worded, the email does not clarify exactly wha...

Japan restricts chip smartphone materials exports to South Korea Japan restricts chip smartphone materials exports to South Korea

The statement did not say what exactly was behind the bilateral tensions. South Korean government will sternly deal with Japan's move to restrict exports of high-tech materials to Korean chip and display makers, and is considering filing a laws...

Deutsche Bank plans to cut as many as 20000 jobs in overhaul Deutsche Bank plans to cut as many as 20000 jobs in overhaul

The troubling device is anticipated to experience the force of the work losses as well as might additionally shed its agent on the bank's monitoring board - a symbolic downgrade for Deutsche's multi-decade effort to construct an worldwide financial i...

US stocks rally on US-China trade truce US stocks rally on US-China trade truce

Indeed, the S&P 500 beat its own record early in the day, only to climb even further to close at 2,954.18 on Thursday. The benchmark finished just 0.4%, or 117 points, higher. "However, it's important for investors to remember that existing tariffs r...

The pet foods being investigated for giving your dog HEART DISEASE The pet foods being investigated for giving your dog HEART DISEASE

DCM is a serious disease of the heart muscle that causes the organ to dilate, making it harder to pump blood and causing the valves to leak. The U.S. This number seems low, but it is worth looking into if your dog eats food from one of these brands...

New law requires EVs to emit noise for safety New law requires EVs to emit noise for safety

All electric vehicles in the United Kingdom must be fitted with devices that will emit noises to warn other road users of their presence . An acoustic vehicle alert system (AVAS) will generate a noise similar to that made by conventional combu...

Yen sags, yuan soars after US-China trade truce Yen sags, yuan soars after US-China trade truce

The US-China truce announcement staves the risk off more tariffs being imposed over the immediate term on shipments between the world's two largest economies, giving markets the go-ahead to push further into the risk-on territory for the time being.

This is how you can switch mobile network provider with a text

So, if you want to leave your current deal, here's how the new system works. Ofcom has also mobile providers from charging for notice periods after the switch date, which it expects to save United Kingdom mobile customers GBP 10 million a year.

United States manufacturing growth slows in June United States manufacturing growth slows in June

The expansion of US manufacturing activities continued to decelerate in June amid concern over the administration's tariff measures, registering the slowest pace since October 2016, data released Monday by the Institute for Supply Management (ISM) sh...

Jony Ive: His divorce from Apple began many years ago Jony Ive: His divorce from Apple began many years ago

It doesn't offer a single answer; instead, a multitude of issues piled up over the years. And finally, Apple has struggled to launch a clearly winning product for a while, increasing the pressure on the company's head of design. Apple design chief J...

The Crypto Week - Bitcoin Leads the Way as Volatility Grips the Majors The Crypto Week - Bitcoin Leads the Way as Volatility Grips the Majors

Binance Coin fell by 9.9%, with Bitcoin Cash SV falling by 9.1%. This has the total market cap coming down to $325 billion from today's high of $347 billion, losing $22 billion in the process. Bitcoin would need the support of the broader market,...

S&P 500 hits record high as trade optimism boosts techs S&P 500 hits record high as trade optimism boosts techs

The buying came after the United States and China agreed on Saturday to resume trade negotiations after President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the two met at the sidelines of the G20 summit in Japan.

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