Markets

Markets FCA to keep Chrysler alive through 2022, but no new models?
Author: 0 FCA to keep Chrysler alive through 2022, but no new models?

These are the four brands to which the Italian-American auto maker will direct resources over the next four years, according to a hotly anticipated strategy unveiled Friday by philosopher-boss Sergio Marchionne. Also in the five-year plan, a Jeep Desert Hawk model will be launched during the first quarter of 2020. A 29 percent surge for the Jeep sport utility vehicle brand carried Fiat Chrysler to a bigger-than-expected gain.

Markets Third Albertan in 2 weeks wins lottery jackpot
Author: 0 Third Albertan in 2 weeks wins lottery jackpot

As well as this, another EuroMillions player won €1 million in the Ireland Only Raffle. The winning ticket was the only one sold across Canada to exactly match all the winning numbers - 2, 9, 41, 45, 48, and the Grand Number, 1. Maxmillions continue to grow after the jackpot reaches $60 million. The winning numbers were 15, 19, 25, 28, 32, 39 and the bonus 7. National Lottery representative Robert Magee said there might be some truth to suspicions of Limerick being a lucky county for ...

Markets Starbucks Chairman Howard Schultz To Step Down
Author: 0 Starbucks Chairman Howard Schultz To Step Down

Executive Chairman of Starbucks, Howard Schultz , has stepped down from his position, and claims have circulated that the socially conscious CEO might run for president in 2020. "He's helped Starbucks earn the respect of millions around the world by always being true to a higher calling, and always being bold in creating a better future.

Author: 0 Apple Aims To Help Parents Crack Down On Kids' iPhone Use

As part of the anti-addiction initiative, there are also new parental controls that limit kids from using their devices. Apple has officially confirmed a new update to the iPhone and iPad operating system: iOS 12. Although there's no obvious subject for him to dig into, he could mention immigration, gun control, or just wish everyone a happy Pride month. WWDC 2018 starts today, June 4 and will continue till June 8, and keynote will be live streamed for those who want to watch all the ...

Markets WWDC 2018: Here's what to expect from the big Apple event today
Author: 0 WWDC 2018: Here's what to expect from the big Apple event today

WWDC 2018 is where Apple typically lays out its software plan for the next year. Here is a little of what you can expect from the keynote address. These features have been expected for months. Google has responded. It past year updated a tool called Family Link that gives parents the ability to monitor their children's device use remotely.

Markets Merkel voices support for Macron's proposed European defence force
Author: 0 Merkel voices support for Macron's proposed European defence force

Merkel on Saturday congratulated Italian Prime Minister Giuseppe Conte in a phone call on Saturday and invited him for talks in Berlin, her office said. She added: "In addition I can imagine the possibility of a credit line that is short-term, five years for example". It ended three months of political deadlock in the wake of inconclusive March 4 elections.

Author: 0 Google draws up guidelines for its military AI following employee fury

Reuters reports that several hundred Google employees had planned to hold a public rally in San Francisco in July to protest the military contract. Google, for its part, says it now intends to release a detailed set of ethical guidelines for developing artificial intelligence. The petition signed by employees addressed this: "The argument that other firms, like Microsoft and Amazon, are also participating doesn't make this any less risky for Google".

Markets The Economic Risks of Trump's Premature Tweeting
Author: 0 The Economic Risks of Trump's Premature Tweeting

There's good reason to have deep concerns about Trump's propensity for breaking the rules. The overall rate is at an 18-year low, data showed, at 3.8 percent. Is yours on the list? White House officials did not immediately respond to a request for comment about Trump's tweet. Even before the numbers were released Friday, economists said they were stunned at the prospect that Trump was giving hints about the report's content, which fast-acting traders in financial markets could seize on ...

Markets Saudi Arabia says 17 detained in sweeping crackdown
Author: 0 Saudi Arabia says 17 detained in sweeping crackdown

The statement did not identify the detainees, and Reuters was unable to immediately verify their identity. Princess Hayfa's face was Photoshopped with those of arrested activists Loujain al-Hathloul, Aziza al-Yousef and Eman al-Nafjan, who have campaigned for women's right to drive and to end Saudi's male guardianship system .

Markets Deutsche Bank downgraded, CEO tries to reassure employees
Author: 0 Deutsche Bank downgraded, CEO tries to reassure employees

The new chief executive of Deutsche Bank is already "sick and tired" of the bad news emanating from Germany's beleaguered banking giant, following a fresh stream of negative headlines overnight. Sewing said a series of enforcement actions by the Federal Reserve were principally related to weaknesses in internal controls and infrastructure.

Markets Short Interest in iShares MSCI Spain ETF (NYSEARCA:EWP) Expands By 181.5%
Author: 0 Short Interest in iShares MSCI Spain ETF (NYSEARCA:EWP) Expands By 181.5%

The June 1 inclusion will see around 230 Chinese large-cap stocks , known as A shares, added to MSCI's emerging markets benchmark index with a 2.5 per cent partial inclusion factor. Hedge funds have recently modified their holdings of the stock. Some analysts estimate about $20 billion will initially flow into Chinese stocks, rising to $300 billion if there is full inclusion, as many expect.

Markets LI Kmart to close
Author: 0 LI Kmart to close

The shares have lost 10 percent this year through Wednesday's close. As recently as 2016, there were almost 1,600 Sears and Kmart stores in business throughout the U.S. The announcement came as Sears Holding Corporation posted a loss of $424 million in the first quarter of this year. Sears is also exploring the sale of its Kenmore brand .

Markets OPEC Puts Oil Markets On Edge
Author: 0 OPEC Puts Oil Markets On Edge

US West Texas Intermediate crude had lost 16c or 0.2% to $66.88 a barrel by 4.23am GMT, after falling nearly 2% on Thursday. United States crude stockpiles fell by 3.6-million barrels last week, the EIA said, exceeding expectations for a decline of 525,000 barrels.

Markets Italy's populist govt takes office after months of strife
Author: 0 Italy's populist govt takes office after months of strife

Premier-designate Giuseppe Conte , the law professor who had promised to be the "defense attorney of the Italian people" in his first, failed bid to form a government, got a taste of the expectations many Italians have for his revived team as he reported for work Friday.

Author: 0 Google plans not to renew military deal protested by employees

Google is reportedly abandoning plans to help the Pentagon develop a controversial AI system to analyze footage taken from aerial drones. If you're unfamiliar with Project Maven , formerly the Algorithmic Warfare Cross-Functional Team, it's been touted as a program to review drone footage.

Markets European politics are causing tremors in financial markets
Author: 0 European politics are causing tremors in financial markets

The decrease in bond yields is hurting banks. US markets were closed Monday for the Memorial Day holiday. The S&P 500 index 1.2 per cent to 2,689.86. The Milan stock index was down more than 2%, weighing particularly hard on banks, and Italian bonds suffered a plunge. Australia's S&P/ASX 200 added 0.2 percent to 6,013.60.

Markets NZ economy forecast set to outpace most of OECD
Author: 0 NZ economy forecast set to outpace most of OECD

Though the number of trade restrictions has crept higher over the last decade, further measures could create a significant drag on growth because the global economy is now more interconnected than ever before, the OECD said. Like the Turnbull government, the OECD is forecasting the Australian economy to grow by around three per cent over the next couple of years, aided by business investment and exports.

Markets Spanish Prime Minister Mariano Rajoy loses no-confidence vote
Author: 0 Spanish Prime Minister Mariano Rajoy loses no-confidence vote

An absolute majority of 180 lawmakers voted for the motion to loud applause and shouts of "Yes we can", converting Rajoy into the first prime minister to be ousted by such a vote since Spain transitioned to democracy in 1977. There were 169 no votes and one lawmaker abstained. It also ordered the party to pay back 245 000 euros ($290 000) received from the scheme to help finance election campaigns.

Markets Steel and aluminum tariffs to apply to EU, Mexico, Canada
Author: 0 Steel and aluminum tariffs to apply to EU, Mexico, Canada

French President Emmanuel Macron and German Chancellor Angela Merkel both described the tariffs as "illegal", while Jean-Claude Juncker, the European Commission President, said he was "lost" with Trump , describing his decision to impose hefty tariffs on EU exports as " totally unacceptable ".

Markets Wall Street's Dow Tumbles on Concerns over Italy's Political Turmoil
Author: 0 Wall Street's Dow Tumbles on Concerns over Italy's Political Turmoil

The big four banks dropped 1-2 percent and miners Rio Tinto and South32 fell over 1 percent amid weakness in metal and iron ore prices while gold and healthcare stocks rose on defensive buying. ENERGY: Energy companies rose as USA crude oil climbed 1.6 percent to $67.81 per barrel in NY. The improved mood encouraged investors to sell US and German bonds, reversing some of the 0.15-0.20 percentage point yield rises seen on Tuesday.

Markets Redstor aims to help organisations remain GDPR compliant
Author: 0 Redstor aims to help organisations remain GDPR compliant

What this means is that hundreds of thousands of children between the age of 13 and 16 will not be able to use WhatsApp any longer unless their parents or guardians give their consent. The GDPR has, of course, emerged as a major business driver for data security and authentication solutions providers like Jumio . Brown said many of her larger clients have been grappling with the legal and operational implications of the GDPR for 18 months or more, but others have only recently become ...

Markets As Canada-U.S. steel trade war 'bad for exporters and . . . consumers'
Author: 0 As Canada-U.S. steel trade war 'bad for exporters and . . . consumers'

The Trump administration has given permanent metals tariff exemptions to several countries including Australia, Argentina and South Korea, but in each case set import quotas. "Over the past months we have continuously engaged with the U.S. at all possible levels to jointly address the problem of overcapacity in the steel sector", says European Commission President Jean-Claude Juncker.

Author: 0 Trump hits USA allies with steel, aluminum tariffs

Officials from the three trading partners - among Washington's closest allies for decades - have dismissed the idea that their shipments to American customers endanger the United States. NAFTA negotiations are deadlocked over tough protectionist demands from the United States. He also said the administration is eager to stay at the negotiating table with all three countries.

Markets Singapore Airlines to fly direct to NY
Author: 0 Singapore Airlines to fly direct to NY

Singapore Airlines will use the long-range Airbus A350-900ULR (ultra-long-range) for the flights, which will be able to carry 161 passengers, but won't be available to economy travellers. "With the advent of ultra long range aircraft, non-stop long haul routes are now more efficient and viable", said CAG's managing director, air hub development, Mr Lim Ching Kiat.

Markets Amazon can't or won't collect sales tax in Australia
Author: 0 Amazon can't or won't collect sales tax in Australia

This coincides with GST changes where online retailers will have to apply the 10 per cent GST to goods bought from overseas sites and shipped to Australia, where now the tax only applies to imports of goods above $1,000. Shares of local e-commerce site Kogan.com Ltd closed up 0.8 percent while shares of electronics retailers JB Hi-Fi Ltd and Harvey Norman Holdings Ltd, seen as direct Amazon competitors, closed up 2.2 percent and 1.4 percent respectively.

Markets Russian Hackers’ Helper in Yahoo Attack Gets 5 Years' Prison
Author: 0 Russian Hackers’ Helper in Yahoo Attack Gets 5 Years' Prison

Prosecutors had claimed that Baratov's mercenary hacking was a highly profitable profession while it lasted, affording the, at the time, 23-year-old a lavish lifestyle. Dmitry Aleksandrovich Dokuchaev and Igor Anatolyevich remain at large and prosecutors believe they are living in Russian Federation, which doesn't have an extradition treaty with the United States.

Markets National Doughnut Day 2018: Where to snag free treats around San Antonio
Author: 0 National Doughnut Day 2018: Where to snag free treats around San Antonio

Dunkin' Donuts: Buy any beverage on Friday and get a free classic doughnut . Duck Donuts: Enjoy a FREE Classic Duck Donut on June 1, 2018 including cinnamon sugar, powdered sugar or bare. "Providing our guests a free doughnut of their choice on National Doughnut Day has become quite a tradition here at Krispy Kreme ", said Jackie Woodward, the chief marketing officer of Krispy Kreme Canada.

Markets U.S. Government Bonds Decline as Investors Reassess Italy Concerns
Author: 0 U.S. Government Bonds Decline as Investors Reassess Italy Concerns

Italy's premier-designate said Wednesday that " new possibilities" had emerged to form a government, and that he wanted to give the option a chance given that the prospect of new elections roiled global markets this week. But the BBC's James Reynolds in Rome says such an arrangement is unlikely to last and early elections may have to be called. "This isn't democracy, this isn't respect for the popular vote".

Author: 0 Singapore Airlines to launch world's longest commercial flight in October

The world's longest commercial flight will be launched in October, Singapore Airlines has announced. The current long-distance leader is Qatar Airways' 9,000-mile flight from Doha, Qatar, to Auckland, New Zealand. The carrier had previously served the route until 2013 when services were suspended and the aircraft used at the time, Airbus A340-500s, were returned to Airbus.

Markets Not forever: De Beers launching lab-made diamond brand
Author: 0 Not forever: De Beers launching lab-made diamond brand

De Beers decision to sell man-made diamonds is a historic shift for the world's biggest diamond miner, which vowed for years that it wouldn't sell stones created in laboratories. The technology used to make the man-made diamond is so advanced that experts need a machine to differentiate between a lab diamond and a mined diamond.

Markets Tesla's India Plans on Hold Thanks to Tough Government Rules: Musk
Author: 0 Tesla's India Plans on Hold Thanks to Tough Government Rules: Musk

Bloomberg estimates the company is churning out 1,489 Model 3's per week - less than half Tesla's goal of 5,000 per week. "Tesla won't stop until Model 3 has better braking than any remotely comparable vehicle". "I've been at CR for 19 years and tested more than 1,000 cars", Jake Fisher, director of auto testing at the organization said of the change, "and I've never seen a vehicle that could improve its track performance with an over-the-air update".

Markets China Says Will Protect Interests From
Author: 0 China Says Will Protect Interests From "Reckless" US Trade Threats

In more measured tones, the state-owned China Daily simply stated in an editorial that the "Ministry of Commerce was surprised" by Washington's move after the US Treasury Secretary Steven Mnuchin had insisted that tariffs had been put " on hold " following the second round of trade talks earlier this month.

Markets Canada Purchases Trans Mountain Pipeline from Kinder Morgan
Author: 0 Canada Purchases Trans Mountain Pipeline from Kinder Morgan

Federal Finance Minister Bill Morneau made the announcement from Ottawa and says the deal represents a sound investment. On Monday, Prime Minister Justin Trudeau reiterated that his government is "going to get this pipeline built", but offered no news on the matter days before Kinder Morgan's deadline.