Thursday July 9-th, 2020

Alibaba eyes $12.9b Hong Kong IPO after setting price Alibaba eyes $12.9b Hong Kong IPO after setting price

The deal will be seen as a boost to Hong Kong after more than five months of anti-government protests and the recent slide into its first recession in a decade. The price range set by Aramco on Sunday values the company at up to $1.7 trillion, belo...

RONA in Cambridge among many closing in 2020 RONA in Cambridge among many closing in 2020

A Lowe's Home Improvement store is located on the other side of Pinebush Road from the RONA. The company, which is based in Quebec, owns and operates Lowe's and Rona stores and also operates other stores like Reno-Depot. It's also not known what th...

Emirates close to buying 30 Boeing 787 amid fleet review, say sources Emirates close to buying 30 Boeing 787 amid fleet review, say sources

Earlier at the airshow, Emirates announced it would be buying 20 wide-body Airbus A350s, bringing its total order for the aircraft to 50 in an agreement worth $16 billion at list price. Emirates, the launch of customer for the 777X, will now take 126...

US crude oil inventories up last week: API US crude oil inventories up last week: API

That being said, things could change rather rapidly and of course if we can get some type of positive news coming out of the trade war, the idea is that perhaps demand will pick up for crude oil , and that should send this market much higher.

Canadian National Railway Faces Strike as Deadline Passes Canadian National Railway Faces Strike as Deadline Passes

The Teamsters Canada Rail Conference (TCRC) union served CN on Saturday notice of intent to strike, demanding longer rests and medicine benefits for the safety of the workers and the railway services. "We therefore don't see a material impact on ...

Toyota RAV4 Plug-in Hybrid launched with 302bhp powertain Toyota RAV4 Plug-in Hybrid launched with 302bhp powertain

As for eco credentials, the RAV4 Prime can go an estimated 39 miles on its battery alone, which is better than any current plug-in hybrid SUV and behind only the Polestar 1 , Chevrolet Volt (soon-to-be-discontinued) and Honda Clarity .

Chick-fil-A ends donations to organizations accused of being anti-LGBTQ Chick-fil-A ends donations to organizations accused of being anti-LGBTQ

The Chick-fil-A Foundation will "no longer make multiyear commitments and will reassess its philanthropic partnerships annually to allow maximum impact", the release says. In fact, we believe we are the largest provider of poverty relief to the LGBTQ...

Vodafone Idea, Airtel to increase tariffs from December Vodafone Idea, Airtel to increase tariffs from December

It had said it would "suitably increase the prices of its tariffs" effective from December 1. While Bharti Airtel share price rose up to 5.82% to Rs 432.95, Vodafone Idea stock rose up to 20.36% to Rs 5.39 on BSE. "Accordingly, Airtel will approp...

OPay Raises $120M in Series B Funding OPay Raises $120M in Series B Funding

This announcement by OPay comes days after Visa announced that they are acquiring a 20% stake at another Lagos based fintech company, Interswitch . "We want to focus our services on things that have high-frequency usage", said Jacobsen. Jacobsen a...

Watchdog accuses Westpac of failing to act on child exploitation risks Watchdog accuses Westpac of failing to act on child exploitation risks

Such transactions may pose child exploitation risks, noted AUSTRAC. The payments which Westpac facilitated without acceptable scrutiny took place from 2013 to late 2018, AUSTRAC said in its court filing. "Westpac failed to pass on information about...

More than 3,000 Canadian National Railway rail workers on strike, union says More than 3,000 Canadian National Railway rail workers on strike, union says

Historically, rail strikes haven't lasted long as the federal government has typically been quick to enforce back-to-work legislation. Trudeau unveils his new cabinet on Wednesday ahead of the planned return of Parliament on December 5. In an email...

EasyJet says it will operate net-zero-carbon flights EasyJet says it will operate net-zero-carbon flights

Revenue rose 8.3% to £6.39bn as passenger numbers grew 8.6% to 96.1m. At Easyjet , we are tackling this challenge head-on by choosing to offset the carbon emissions from the fuel used for all of our flights starting today'. The allocation of EUAs fo...

BMW i4 details revealed BMW i4 details revealed

It is the same technology that will be used before the launch of the i4 on the iX3 (2020) and iNEXT (2021). In June , BMW announced it intends to have 25 electrified vehicles in its lineup by 2023, two years sooner than originally planned.

Black Eyed Peas star will.i.am accuses flight attendant of racism

In a follow-up tweet to his 12.8 million followers in which he posted the flight attendant's name and picture, he used the hashtag #racistflightattendant . On Monday, will.i.am tweeted that he is "in the public eye & I behave even when I have a ba...

TikTok owner ByteDance plans to foray into music streaming TikTok owner ByteDance plans to foray into music streaming

According to a report by the Financial Times , the Chinese company is in talks with the three major record labels - Universal Music , Sony Music and Warner Music - for licensing deals, which will allow ByteDance to list all their tracks on it...

Trump says 'cordial' talk with Fed's Powell covered negative interest rates, trade Trump says 'cordial' talk with Fed's Powell covered negative interest rates, trade

Trump has publicly raged against Powell and the Fed for months, complaining about its rate increases during 2018 and continuing to pound the central bank this year even as it has cut rates to keep a record United States expansion on track, as the ...

Qantas stands by flight attendant accused of racism by will Qantas stands by flight attendant accused of racism by will

Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne. "There was a misunderstanding on board, which seems to have been exacerbated by will.i.am wearing noise-cancelling headphones and not being able to hear instru...

Emirates announces $16 billion deal to buy 50 Airbus 350s Emirates announces $16 billion deal to buy 50 Airbus 350s

That was closely followed by fast-growing low-priced carrier Air Arabia ordering 170 Airbus A320s worth $14bn. Emirates said the airline was still in talks with Boeing about buying more aircraft from the USA manufacturer. The world's top jet makers...

Vegans sue Burger King over 'contaminated' fake meat in Impossible Burger Vegans sue Burger King over 'contaminated' fake meat in Impossible Burger

A lawsuit has been filed against Burger King , claiming the fast-food chain cooks its meatless Impossible Whoppers on the same grill as its beef patties. According to reports , Burger King has begun testing various new iterations of Impossible bur...

Chick-Fil-A to Stop Donating to Anti-LGBTQ Organizations Chick-Fil-A to Stop Donating to Anti-LGBTQ Organizations

In the past, the Atlanta chain's foundation has donated millions of dollars to the Salvation Army and Fellowship of Christian Athletes , two organizations with a history of opposing same-sex marriage. Rodney Bullard, the head of the Chick-fil-A Foun...

WeWork Could Leave Thousands Without Jobs WeWork Could Leave Thousands Without Jobs

The company's streamlining plan will see it fire up to 2,500 employees in its core business of subletting office space. The cuts are expected to affect WeWork's global business, which spans 123 cities, as the company faces the repercussions of a ...

Ford: New Mustang Mach-E 'strikes like forked lightning' Ford: New Mustang Mach-E 'strikes like forked lightning'

The Mustang Mach-E, which will become available in late 2020, has a targeted range of at least 300 miles per charge and will, in a special performance version, have capacity to zip up to 60 miles an hour in under four seconds. "Today, the Ford Motor...

Johnson has 16-point lead over Labour before election - Opinium poll Johnson has 16-point lead over Labour before election - Opinium poll

According to advance extracts, as cited by Reuters, Johnson will say, "Britain stuck in gridlock and our economy stuck in first gear". No deals were struck with senior Brexit Party figures to entice them to desert Nigel Farage ahead of the genera...

Oil prices steady after last week's gains, look to US-China talks Oil prices steady after last week's gains, look to US-China talks

Investors look to U.S. The recovery by OPEC's de facto leader Saudi Arabia from attacks on the country's oil infrastructure contributed 1.4 million bpd to the global oil supply increase in October of 1.5 million bpd. In July, the alliance, known as...

HP rejects Xerox bid, this time HP rejects Xerox bid, this time

However, HP said that much more due diligence is required and doubted Xerox's ability to pull off the acquisition. "[This] raises significant questions for us regarding the trajectory of your business and future prospects", HP wrote. Board began dis...

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