Monday December 9-th, 2019

US, UK regulators ask Facebook how Libra will protect personal data US, UK regulators ask Facebook how Libra will protect personal data

Last month, the Group of Seven finance ministers and central bankers said Libra must be regulated as tightly as possible to ensure it does not upset the world's financial system. Facebook, for its part, responded that it won't have access to pers...

Flipkart video gives Walmart new weapon in fight with Amazon Flipkart video gives Walmart new weapon in fight with Amazon

Flipkart Plus loyalty members can expect the video service to arrive in September. Flipkart is also proposing to come with in house produced shows and movies which will be made available exclusively on its own platform. "This combination helps i...

United States stocks cling to advance as trade conflict weighs United States stocks cling to advance as trade conflict weighs

President Donald Trump vowed last week to impose 10% tariffs on the remaining $300 billion of Chinese imports from September 1. Treasuries gave back some of Monday's surge, which had created the most extreme yield-curve inversion since the lead-up to...

Elon Musk's Boring Company to launch China branch this month Elon Musk's Boring Company to launch China branch this month

Musk announced this last Friday in response to a Twitter user's post regarding his upcoming China trip for the 2019 World Artificial Intelligence Conference to be held in Shanghai from August 29 to 31. The Boring Company has yet to build a commer...

Audi takes a one-handed approach to last mile e-scooting Audi takes a one-handed approach to last mile e-scooting

Both hands can be placed on the triangular steering handle, which holds the e-scooter's battery and electronics, but the design also allows for one-handed operation so riders can use the other hand to give hand signals or to wave to friends as they z...

Barneys New York files for Chapter 11 bankruptcy protection Barneys New York files for Chapter 11 bankruptcy protection

The company has secured $75 million in financing. The firm will keep open five flagship locations: Madison Avenue, Downtown NYC, Beverly Hills, San Francisco and Copley Place in Boston, as well as two Barneys Warehouse locations. The luxury departm...

GateHouse finalizes takeover of Gannett GateHouse finalizes takeover of Gannett

GateHouse, a little-known name to USA readers, is also controlled by an investment company, but it doesn't have the same scalding reputation as Digital First. Like its peers, it has developed a reputation for cutting staff from its newsrooms. "We c...

Wall Street suffers worst day of 2019 as trade war intensifies Wall Street suffers worst day of 2019 as trade war intensifies

Adding to the tensions, China's Commerce Ministry said Chinese companies have stopped buying USA agricultural products and that China will not rule out imposing import tariffs on United States farm products that were bought after August 3.

China suspends purchase of United States farm products China suspends purchase of United States farm products

In response to USA accusations that China lacks concrete action in purchasing US agricultural products , an official with the country's top economic planning agency said "such accusations are groundless". This means everything that China sells to th...

Flying auto takes flight briefly in Japan Flying auto takes flight briefly in Japan

The Japanese government has already built a test course for flying cars in Fukushima, a site that hit in 2011 by a tsunami, quake and nuclear accident, according to the Associated Press. There's a long way to go to reach those goals though, with ba...

Fox Corp. Buys 67% Stake In Consumer Loan Marketplace Credible Labs 08/05/2019 Fox Corp. Buys 67% Stake In Consumer Loan Marketplace Credible Labs 08/05/2019

Fox says it will commit up to $USD 75 million ($AUD110.8 million) of growth capital to Credible over the next two years. "The acquisition of Credible underscores Fox Corporation's innovative digital strategy that emphasizes direct interactions wi...

Gold prices surge to six-year high Gold prices surge to six-year high

On Monday, gold surged 2% to its highest level in more than six years. USA gold futures rose 0.8% to $1,468.50 an ounce. Marked ingots of 99.99 percent pure gold are placed in a cart at a plant owned by Krastsvetmet, one of the world's biggest ma...

UK Service Sector Growth At 9-Month High UK Service Sector Growth At 9-Month High

However, economists believe that PMI is just an exception. A sharp downturn in Germany's manufacturing sector is weighing heavily on the 19-country eurozone economy, which is close to seeing a drop in overall activity, a survey showed Monday.

Despite deadly shootings, Walmart won't stop gun sales Despite deadly shootings, Walmart won't stop gun sales

Walmart again changed its gun policies in 2018 shortly after the Parkland, Florida, school shooting in February 2018 that killed 17 students and staff members. And Dick's Sporting Goods lost sales when it took a public stand against gun violence...

Footage Shows BA Flight Evacuated After Filling With Smoke Footage Shows BA Flight Evacuated After Filling With Smoke

Some reports on social media say that passengers were locked inside the smoke-filled cabin for as much as 50 minutes, even though they could hardly breathe. As we speak, many passengers are still stranded at the Valencia airport, and British Airways ...

Staff In 153 Tesco Metro Stores Are Set To Lose Their Jobs Staff In 153 Tesco Metro Stores Are Set To Lose Their Jobs

There are also 15 larger stores - either the superstore model or a Tesco Extra, which is even bigger - including in Baldock, Hatfield, Potters Bar, Royston, and Stevenage. "Our members at Tesco are shocked and dismayed by yet another round of potenti...

Dowling & Yahnke LLC Sells 620 Shares of Suncor Energy Inc. (NYSE:SU)

Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Once investors become familiar with the data, they can start to devise a plan to help use the information to their adva...

AT&T Customers, You Might Get Free Spotify Starting Tomorrow AT&T Customers, You Might Get Free Spotify Starting Tomorrow

AT&T has announced that starting tomorrow, subscribers with an AT&T Unlimited &More Premium account can choose a free Spotify Premium subscription as one of the seven free entertainment choices they receive. Verizon had 155.7m subscribers at the...

HSBC parts company with boss John Flint after just 18 months HSBC parts company with boss John Flint after just 18 months

Only 18 months after presiding over the appointment of HSBC career veteran Flint as CEO, Tucker has now overseen his exit, while insisting the bank's broad strategy will not change. Flint, which took the helm almost one-and-a-half years ago, announ...

UK July vehicle sales fall to lowest since 2012

That's according to the latest monthly figures from the Society of Motor Manufacturers and Traders (SMMT), which reveals demand for battery EVs shot up by a staggering 158%, resulting in a 1.4% market share. SMMT blamed the ongoing sales decline on p...

Labour union, airport avert London Heathrow strike Labour union, airport avert London Heathrow strike

The union includes workers from security staff, firefighters, engineers and other passenger service operators. SriLankan does not envisage any cancellation of its flights at this time and will operate as per its regular schedule, the airline said i...

Tesla offers free supercharging to Model S and X buyers Tesla offers free supercharging to Model S and X buyers

Free and unlimited supercharging is back for owners of Model S and Model X cars, Tesla has announced - which means drivers can access the Supercharger network and juice up their vehicles at no extra cost. Tesla then narrowed the free unlimited ...

China's Currency Move Is 'a Major Violation' China's Currency Move Is 'a Major Violation'

In response, China's yuan CNH= CNY= burst beyond the psychological 7-per-dollar threshold in a move that threatened to unleash a whole new front in the trade hostilities - a currency war. It added that exchange rate movement is dependent on fun...

China's Yuan Tumbles Past 7 Per Dollar for First Time Since 2008 China's Yuan Tumbles Past 7 Per Dollar for First Time Since 2008

US President Donald Trump abruptly decided on Thursday to slap 10 percent tariffs on $300bn in Chinese imports, stunning markets and ending a month-long trade truce. Safe-haven assets have been in vogue with German 10-year government bond yields on F...

'Hate has no place in our country': Trump after mass shootings 'Hate has no place in our country': Trump after mass shootings

President Donald Trump has ordered flags flown at half-staff through sunset August 8 in honor of the 29 people who were killed in Dayton and El Paso . The El Paso shooting was being investigated as a possible hate crime as authorities worked t...

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