Sunday April 5-th, 2020

US trade deficit takes biggest tumble in eight months US trade deficit takes biggest tumble in eight months

Year to date, the trade deficit in goods and services has widened to $481.3 billion from $456.5 billion in the same period in 2018, driven by higher imports of services including travel and business services. The decision to go ahead with talks despi...

Facebook's new logo brings its besieged family of apps together Facebook's new logo brings its besieged family of apps together

In that sense, this logo change is actually pretty interesting, as it represents the first formal step in doing something that has proven to be a bit controversial: hybridizing the biggest Facebook properties , which includes Facebook , Messenger, ...

RBA holds cash rate at record low 0.75% RBA holds cash rate at record low 0.75%

The Aussie has risen about 1.5 per cent against the U.S. dollar over the past 10 days, but another rate cut should reverse at least some of that gain. Lowe's statement suggested that an extended period of low rates or even further cuts may be require...

Ryanair reports flat profit for half year Ryanair reports flat profit for half year

Worse, Muilenburg admitted that Boeing continued manufacturing the aircraft even after workers made their safety concerns aware. He contended that despite the two tragedies involving the 737 Max, it has "never been safer to fly". Patrick Ky said on...

Trade optimism drives yuan past 7 per dollar again Trade optimism drives yuan past 7 per dollar again

A significant de-escalation in US-China trade tensions would lift some of the gloom surrounding Oil's outlook, while allowing OPEC+ to back away from having to trigger deeper supply cuts. The three-month to 10-year Treasury yield curve - a key warnin...

OPEC cuts oil demand forecast, sees weaker market share OPEC cuts oil demand forecast, sees weaker market share

As a result, OPEC has lowered its outlook numbers for global oil demand growth, to 104.8 million barrels per day (b/d) by 2024, and 110.6 million b/d by 2040. The oil cartel expects to have 40 percent of the market in 2040. Prices jumped around $...

Maryland police: Man fatally stabbed over Popeyes sandwich Maryland police: Man fatally stabbed over Popeyes sandwich

Police said the suspect is still on the run. "We are looking for a male, and that male knows who he is", Donelan said. The sandwich was created to help Popeyes compete with Chick-fil-A, the market leader in fast-food chicken. Newsweek has contac...

All-new 2020 Honda CBR1000RR-R unveiled! All-new 2020 Honda CBR1000RR-R unveiled!

The motorcycle not only features a host of upgrades, but it is also equipped with Honda's most powerful inline-four engine yet. Underneath its new skin, the CBR1000RR-R gets a new twin-spar aluminium frame for increased rigidity. Race technology ...

Krispy Kreme orders student to halt doughnut resale service Krispy Kreme orders student to halt doughnut resale service

Paul, the St. Paul Pioneer Press reports. Per the Pioneer Press, "one of the big managers" at the confectionery's Nebraska branch office put the Krispy kibosh on Gonzalez's operation. "Today, we reached out to Jayson to express our appreciation f...

Uber forecasts narrower 2019 loss but falls short on key metrics Uber forecasts narrower 2019 loss but falls short on key metrics

Food delivery bookings also fell short at US$3.66 billion. Lyft's results last week soothed some worries as the ride-hailing company posted better-than-expected third-quarter revenue and an improved outlook showed it was well on its way to profit...

U.S. Stocks Move Toward Highs on Optimism Over Trade, Earnings U.S. Stocks Move Toward Highs on Optimism Over Trade, Earnings

Wall Street had a massive rally on Friday with the 30-stock index closing up 301.13 points to 27,347.36, fueled by better-than-anticipated jobs data. Under Armour Inc fell 15.4% as it lowered its full-year revenue forecast for a second straight t...

Warren Buffett's Berkshire Hathaway posts big jump in profit Warren Buffett's Berkshire Hathaway posts big jump in profit

AXIS Capital was one of them and as a result this company also took much higher losses this year from typhoons than in 2018 and their CEO explained last week (as reported by our sister site) that growing into Japan was the right move, at the better ...

Uber shares fall as it reveals $1bn quarterly loss Uber shares fall as it reveals $1bn quarterly loss

The company's lockup period expires Wednesday. "We think that there's a better answer out there", Khosrowshahi said. The company's digital freight brokerage division, Uber Freight, reported a $100 million increase in gross bookings to $223 mill...

Westpac's desperate $2.5 billion plea Westpac's desperate $2.5 billion plea

Technology costs were also up by $174 million year-on-year as the bank sought to drive productivity improvements and reset its business for the digital era. Mr Hartzer noted the result was affected by customer remediation costs flowing misconduct ide...

India won't join RCEP free trade deal, cites unresolved 'core' issues

Australia already has individual trade agreements with ASEAN and a number of other countries in the deal, but this pact formalises trade rules across the 15 countries and gives better access to those markets beyond what the original deals allow.

Buffalo Wild Wings Incident: 'What Race Are You Guys?' Buffalo Wild Wings Incident: 'What Race Are You Guys?'

Multiple Buffalo Wild Wings employees were fired after a group of mostly black diners were told to move to another table, as another customer did not want to sit next to them due to their race. When multiple managers attempted to order the group to...

Seabus sailings cancelled Sunday because of transit worker job action Seabus sailings cancelled Sunday because of transit worker job action

On Monday, TransLink cancelled SeaBus sailings for the fourth day in a row due to job action that prevents workers on the ferry service from doing overtime. TransLink confirms six SeaBus cancellations are anticipated Monday, including three sailings ...

UK Tax Authority (HMRC) Comes-up With Cryptocurrency Tax Norms UK Tax Authority (HMRC) Comes-up With Cryptocurrency Tax Norms

In Dec. 2018, HMRC published cryptocurrency taxation guidance for individuals, clarifying several taxation issues related to airdrops, forks, and mining. It also adds a proviso that companies choosing to pay staff in cryptocurrencies must do so...

Nestlé is recalling some cookie dough products because of possible rubber contamination Nestlé is recalling some cookie dough products because of possible rubber contamination

Nestle has issued a recall of some of its ready-to-bake refrigerated cookie dough products because they could contain pieces of rubber. More specifically, Nestle fears that its cookie dough might be tainted with rubber. The recall covers some easy-to...

100+ Vegetable Products Recalled Over Listeria Concerns 100+ Vegetable Products Recalled Over Listeria Concerns

The recalled products have "Best If Enjoyed By" date of October 11, to November 16. Brands impacted by the recall, sold in the US and Canada , are: Mann's, Del Monte, Trader Joe's, Signature Farms, O Organics, HEB, Hungryroot, Kroger Organic, Mark...

Sky creates 500 contact centre jobs in Leeds Sky creates 500 contact centre jobs in Leeds

These customer service agents will support customers across Sky's products and services via call, text, chat on the MySky app, and Facebook Messenger. Sky said 1,000 people were already employed in Leeds working on the media firm's digital and techni...

Under Armour sportswear under federal investigation over accounting practices Under Armour sportswear under federal investigation over accounting practices

Under Armour reports earnings for the third quarter Monday. "The company began responding in July 2017 to requests for documents and information relating primarily to its accounting practices and related disclosures, and the company firmly believes...

Apple Commits $2.5 Billion Towards Tackling California Housing Crisis Apple Commits $2.5 Billion Towards Tackling California Housing Crisis

Furthermore, it will contribute $ 150 million Bay Area housing fund and $ 50 million to Destinations, to help tackle homelessness in Silicon Valley. "We want to make sure that it is a vibrant place where people can live and also raise a family"...

UK airline giant IAG agrees to buy Spain's Air Europa UK airline giant IAG agrees to buy Spain's Air Europa

Javier Hidalgo, chief executive of Globalia , added: "For Globalia , the incorporation of Air Europa to IAG implies the strengthening of the company's present and future that will maintain the path followed by Air Europa in the last years".

India will not join RCEP trade deal: PM Modi India will not join RCEP trade deal: PM Modi

While speaking at the third RCEP meet in Bangkok , PM Modi said, "The present form of the RCEP agreement does not fully reflect the basic spirt and the agreed guiding principles of RCEP". China joined 14 countries on Monday in agreeing terms for...