Economy

by | July 17, 2019 | 01:36

For Prime Day 2018, it offered $5 off to new Amazon Assistant users who spent at least $25. The employees on strike plan to be out for six hours. Workers are also protesting the grueling working conditions , specifically the heavy emphasis on meeting impossible quotas.

by | July 15, 2019 | 03:43

That scandal revealed that a data mining firm affiliated with President Donald Trump's 2016 campaign improperly accessed private information from as many as 87 million Facebook users through a quiz app. The settlement would be the largest ever paid to a civil agency. The partisan split on the vote was a bad omen, while it is unclear if the settlement would need changes to be incorporated in the business practices of Facebook , said Charlotte Slaiman of the consumer group Public ...

by | July 15, 2019 | 03:27

If you don't have one, you can start a 30-day free trial right now and cancel the subscription before ever being billed. Prime Day has continued to rise in prominence since its inception five years ago, and we can fully expect Amazon to see higher sales and consumer engagement this year.

by | July 13, 2019 | 03:45

Shares of Deutsche Bank rose almost 0.5 percent, after Swiss investment bank UBS upgraded the German bank from "sell" to "neutral", saying the latter's restructuring plan would be backed by home regulator, which led to a more "balanced risk/reward" scenario.

by | July 12, 2019 | 07:05

If you play your cards right, you can even score two more drinks using 7-Eleven's apps . Remember, this promotion ends at 7 PM wherever you are, so get your Slurpee before it's over. Word is the featured Slurpee flavor is blueberry lemonade, while the Slurpee lite flavor is sugar-free cherry limeade. They're also selling accessory bottles and straws for anyone who wants to spend some money on the free drink.

by | July 12, 2019 | 07:05

As this report Ming-Chi Kuo suggests what to expect from iPhones in 2020, another China-based investor note from Credit Suisse hints us that Apple might opt to a full-screen display without notch or whatsoever, and the respective screen suppliers for Apple have already started developing these full-screen panels.

by | July 12, 2019 | 06:38

The UK government unveiled plans for a tax on global tech firms hours after the French senate voted to approve a similar levy - despite US President Donald Trump's opposition. France has passed a controversial tax bill targeting tech giants, the first of its type from one of the world's major economies. Amazon , Apple and Facebook are among the firms that would be affected.

by | July 12, 2019 | 05:43

Businesses, in turn, would raise prices to offset the cost of higher wages. With investors in contracts linked to the Fed's targeted overnight lending rate putting the probability of a rate reduction at close to 100 percent, "it would be unprecedented for the Fed to not cut", Lavorgna wrote.

by | July 11, 2019 | 03:30

Parts of the southeastern Louisiana coast were already experiencing heavy rains and flooding, the NHC said . The Army Corps of Engineers, which operates the flood control system, said it was "closely monitoring" the situation. If Barry tracks well west of New Orleans, close to the border of Louisiana and Texas, the flood risk would decrease. Isolated tornadoes and rip currents are also likely.

by | July 10, 2019 | 04:56

Amid pressure from South Korea for the measure to be withdrawn and calls for dialogue on the matter, Japan's top government spokesperson said there was no need for discussion. South Korean President Moon Jae-in, right, speaks during a meeting with senior aides at the presidential Blue House in Seoul, South Korea, Monday, July 8, 2019.

by | July 10, 2019 | 03:40

The entrepreneur suspended talks on a US$1 billion injection from Saudi Arabia last October following the murder of journalist Jamal Khashoggi . In December, Virgin Galactic's tourism spaceship climbed 51 miles (82 kilometers) above California's Mojave Desert, reaching for the first time what the company considers the boundary of space .

by | July 10, 2019 | 03:26

At 07:18 GMT, August WTI crude oil is trading $57.46, down $0.20 or -0.33% and September Brent crude oil is at $64.05, down $0.06 or -0.11%. -China trade dispute that has been dragging down the global economy and oil demand. Russian oil output fell close to a three-year low in early July, industry sources told Reuters , dragged down by declining output from the largest producer Rosneft.

by | July 08, 2019 | 04:23

About 74 billion euros of risk-weighted assets will become part of a new non-core unit and the lender's capital buffer will be reduced as part of the plan. A big part of the bank's anticipated United States cuts will come from its money-losing equities business, which includes cash equities trading. Deutsche Bank will slash 18,000 jobs over the next three years as part of a drastic overhaul to revive its fortunes.

by | July 04, 2019 | 04:07

The S&P 500 opened higher by 5.07 points, or 0.17 per cent, at 2,978.08. The Nasdaq added 17 points, or 0.2%, to 8,109. The broad-based S&P 500 advanced 0.3% to 2,973.01, pushing to a second straight record, while the tech-rich Nasdaq Composite advanced 0.2% to 8,109.09.

by | July 04, 2019 | 04:02

National Australia Bank economist Ivan Colhoun described Lowe's statement on the economy as positive. Following its monthly board meeting held in Darwin, the first time it has met in the Northern Territory capital since 1968, Lowe said the bank would slice the cash rate by 0.25 percentage points for a second consecutive month.

by | July 03, 2019 | 03:32

Putin, speaking after talks with Saudi Crown Prince Mohammed bin Salman, told a news conference the deal - which is due to expire on Sunday - would be extended in its current form and with the same volumes. The West Texas Intermediate (WTI) and Brent crude oil benchmarks lost more than four percent Tuesday. Now, the narrower WTI-Brent spread will likely slow US crude exports as the domestic benchmark becomes more expensive in global markets.

by | July 02, 2019 | 02:56

Absent significant events like the attack on two oil tankers in the Gulf of Oman in mid-June or the explosion and subsequent decision to shut down the Philadelphia Energy Solutions refinery , as long as US production continues to grow in rough proportion to the OPEC + cuts, crude oil prices are going to remain under pressure as a result of slower global growth.

by | June 30, 2019 | 17:46

Trump also said Xi agreed to increase purchases of American agriculture goods during the negotiations. "We are going to work with China where we left off", he said, declaring that relations with China are "right back on track". Negotiations dissolved in May when the White House accused China of reneging on trade commitments. While the agreement isn't quite finalized, this might be the end of Huawei's troubles - until another trade war starts, anyway.

by | June 26, 2019 | 04:23

The boy's teeth after an e-cigarette exploded in his mouth. His mother drove him from Ely, Nevada, to Salt Lake City, Utah, which had the nearest hospital that could deal with the injury. The damage was shocking when a 17-year-old boy checked into a Salt Lake City emergency room. "He's still missing all those teeth, but he's hoping to get them fixed this summer", she added.

by | June 26, 2019 | 03:45

Additional comments from Jerome Powell , Chair of the Board of Governors of the Federal Reserve System, cross the wires as he continues to speak at the Council on Foreign Relations in NY. "We're human, we'll make mistakes - I hope not frequently - but we'll make mistakes but we won't make mistakes of integrity or character", Powell said.

by | June 25, 2019 | 03:29

Typically, the USA doesn't announce sanctions in advance against individuals so they don't hide assets before penalties take effect. "As a result of today's action, all property and interests in property of these individuals that are in the United States or in the possession or control of US persons must be blocked and reported to [the Treasury's Office of Foreign Assets Control] OFAC", The statement continued.

by | June 23, 2019 | 08:42

Reached for comment, a spokesperson for Tru Kids Brands told Fast Company , "We aren't in a position to publicly share details on our United States strategy at this time". Barry told The Associated Press that while he and his team are still working out all the details on when and how the brand will re-emerge, they do plan to officially relaunch in some form by this holiday season.

by | June 23, 2019 | 02:03

The swift reversal was a reminder of the serious risk of military conflict between USA and Iranian forces as the Trump administration combines a "maximum pressure" campaign of economic sanctions with a buildup of American forces in the region.

by | June 22, 2019 | 05:38

The article has been updated to indicate that Facebook's Calibra will not be available in India and not the Libra cryptocurrency itself. Facebook COO Sheryl Sandberg in an interview with Bloomberg TV has said that the company's cryptocurrency is a "long way from launch".

by | June 22, 2019 | 05:11

Though he is currently not a voter on the Fed's rate-setting panel, he called for the Fed to slash rates by half a percentage point now, and commit to not raising them until inflation durably moves to the central bank's 2-per-cent target.

by | June 21, 2019 | 04:08

The ongoing trade dispute between the world's two biggest economies has caused whirlwind that global economic growth would slowdown and oil demand would be weak this year, pushing crude prices down. European Central Bank President Mario Draghi also offered a boost, saying on Tuesday that the central bank would ease policy again if inflation failed to accelerate.

by | June 21, 2019 | 03:25

Dannenfelser, who served as chair of Trump's pro-life coalition after securing four pro-life commitments from him during his 2016 campaign, said the president's "bold leadership has truly saved countless lives". With that said, he then officially announced his 2020 campaign . Hours before the rally, the president had insisted that officials were in fact on board with the project.

by | June 20, 2019 | 03:31

Scherer said the crashes "highlighted and underlined the need for absolute, uncompromising safety in this industry, whether from Airbus , Boeing or any other plane". In a further competitive twist, Boeing said on Monday it would take over the supply of spare parts for the remaining Airbus A320 fleet at IAG's British Airways.

by | June 16, 2019 | 04:56

Katada went on to say that the object in question could not have been a torpedo, since it struck the tanker well above water. Following the incident with the oil tankers in the Gulf of Oman, the U.S. Tehran has denied the charges. "We are taking this extremely seriously and my message to Iran is that if they have been involved it is a deeply unwise escalation which poses a real danger to the prospects of peace and stability in the region", he added.

by | June 15, 2019 | 03:54

The spokesman said it would, as it was developed before Huawei was placed on America's Entity List . Huawei has already reportedly received trademark clearance in China. Huawei is resistant to this USA assault however, with founder Ren Zhengfei stating that the company was prepared to take on the United States and would not be too adversely affected by the trade ban.