Markets

Markets KFC To Test Vegetarian Fried Chicken Option In U.K.
Author: 0 KFC To Test Vegetarian Fried Chicken Option In U.K.

Vegetarians will soon get an option of their own at Kentucky fried chicken, but there's a catch. KFC also plans to introduce a range of meals under 600 calories in the next few years as part of plan to cut calories per serving by 20 percent.

Markets Hey pancake lovers! IHOP is changing its name
Author: 0 Hey pancake lovers! IHOP is changing its name

The International House of Pancakes is about to ditch the "pancakes" part of its name and replace it, perhaps, for another unmentioned breakfast item. IHOP even shared a poll about what the new name could be. "I ask as someone who for years was known as the girl from "bakistan". Believe it or not, there is actually a massive concern about the name change on Twitter , ranging from conspiracy theories to "insider scoops".

Markets B.C. unemployment rates continues to be the best in Canada
Author: 0 B.C. unemployment rates continues to be the best in Canada

In Victoria, the rate fell to 3.9 per cent, down from 4.2 per cent in April. Canada shed 7,500 jobs last month on the back on full-time employment, as this was only partially offset by an uptick in part-time employment. Year-over-year the unemployment rate is up from May 2017 when it sat at 7 per cent in a labour pool of 41,500 people. On a sector basis, goods-producing industries led the way down, with a decline of 18,300 manufacturing jobs and a drop of 13,000 in construction.

Markets This G7 summit picture 'speaks a thousand words' on global polity
Author: 0 This G7 summit picture 'speaks a thousand words' on global polity

Canadian Prime Minister Justin Trudeau says he will impose retaliatory measures to answer President Trump's tariffs on steel and aluminum: "Canadians: we're polite, we're reasonable, but we also will not be pushed around". "The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be", Macron wrote . French President Emmanuel Macron said the agreement would be a good first step and represented the G7 nations' desire to stabilize ...

Markets Patterson steps down from BT
Author: 0 Patterson steps down from BT

He will step down when a successor is in place, likely in the second half, BT said in a statement yesterday. Patterson, who has run BT for nearly five years, announced 13,000 job cuts last month in an attempt to get to grips with a host of problems including intense competition, an underperforming IT services unit, a huge pension deficit and criticism of its broadband plans.

Author: 0 Summit's Final Communique: G7 or G6 and Trump?

Trump is issuing a stern warning to foreign countries not to retaliate against U.S. tariffs on the imports of steel and aluminum. Trump blasted both Trudeau and Macron on Twitter ahead of the G7 summit , which he was reportedly wary of attending.

Markets WTI Crude Oil and Natural Gas Forecast
Author: 0 WTI Crude Oil and Natural Gas Forecast

Iran's OPEC governor, Hossein Kazempour Ardebili, was responding to news that the US government had unofficially asked Saudi Arabia and some other OPEC producers to raise output. Treasury Secretary Steve Mnuchin told reporters last month the us held discussions with "various parties" to pump more to offset a drop in Iranian exports due to renewed USA sanctions.

Markets Jamie Dimon: Tariffs Aren't the Way to Go
Author: 0 Jamie Dimon: Tariffs Aren't the Way to Go

Buffett and Dimon helped produce a set of voluntary governance guidelines two years ago, which was signed by more than one dozen executives. In a CNBC "Squawk Box " program interview and an opinion piece published in the Wall Street Journal , Buffett and Dimon said quarterly forecasts, known on Wall Street as "guidance", take up management's time and lead to decisions that don't benefit companies or their shareholders.

Markets Google pledges not to use AI for weapons or surveillance
Author: 0 Google pledges not to use AI for weapons or surveillance

Pichai's insistence that Google will continue to work with the military may be a signal that Google still plans to vye for Joint Enterprise Defense Infrastructure (JEDI), a 10-year, $10 billion cloud contract with the US military that drew the attention of major tech companies like Amazon and Google.

Markets Production Porsche Mission E To Be Called The Taycan
Author: 0 Production Porsche Mission E To Be Called The Taycan

We've been waiting to hear what Porsche will call the production version of the Mission E electric vehicle and now we have it - Porsche Taycan . This version of the Taycan is expected to be the flagship model; Porsche has invested a further 500million Euros (£437million) into its electrification strategy to develop additional versions of the vehicle.

Markets 'Surprise' Verizon CEO Appointment Speaks to Fiber Focus
Author: 0 'Surprise' Verizon CEO Appointment Speaks to Fiber Focus

Some analysts feel that Verizon needs new business streams to revive the growth. The second largest telecom operator AT&T is now awaiting a court decision on whether it can proceed with its plan to buy media company Time Warner to bring cost effective content to wireless subscribers as part of the strategy to enhance ARPU.

Markets US Suspends Tech Ban In Exchange For Record Fines & US Oversight
Author: 0 US Suspends Tech Ban In Exchange For Record Fines & US Oversight

One week after announcing it had ceased major operations as a result of the ban, President Trump tweeted that he was working with Chinese president Xi Jinping to find a way for ZTE to "get back into business , fast". ZTE will also provide access to a team for a period of 10 years to monitor the company's compliance with USA export control laws. Mr Ross said the fine was the largest penalty ever levied by Commerce's Bureau of Industry and Security and pledged to continue monitoring ...

Markets Nikkei says iPhone orders down 20% in 2018. But, meh
Author: 0 Nikkei says iPhone orders down 20% in 2018. But, meh

Apple fell 2.1 per cent in USA pre-market trading, after its Frankfurt-listed shares also lost as much as 2.1 per cent. Supplier AMS AG dropped as much as 6.7 per cent. Previous reports suggested that this request by Apple could lead it to release the OLED sporting 5.8-inch iPhone Xs and 6.5-inch iPhone Xs Plus in September prior to the release of the iPhone 9 .

Markets 'Exciting step' as test drives of flying auto begin
Author: 0 'Exciting step' as test drives of flying auto begin

Kitty Hawk promises to get people in the air in less than an hour because of the Flyer's simple control system, which comprises just two joysticks. Additionally, the travelling speed is limited to 20 miles per hour. The electric aircraft had 10 small lift rotors on its wings, making it capable of vertical take-off and landing like a helicopter.

Markets Allies confront Trump with trade numbers at tense G7 summit
Author: 0 Allies confront Trump with trade numbers at tense G7 summit

Donald Trump will fly headlong into a confrontation with some of America's closest allies today, as the row over tariffs and fears of a trade war continue to intensify. France's Emmanuel Macron has warned he won't sign a joint statement unless Trump makes concessions on trade. Both the European Union and Canada have filed complaints against the tariffs with the World Trade Organization (WTO), alleging the measures violate worldwide laws.

Markets Weinstein pleads
Author: 0 Weinstein pleads "not guilty"

The charges in NY are the first to surface in the months since more than 80 women came forward to accuse Weinstein of a range of misconduct, from harassment to rape . Weinstein appeared before a judge in Manhattan Tuesday after a grand jury charged him last week with raping a woman in a hotel room and forcing another to perform oral sex in his office.

Markets Trump calls for Russian Federation to be readmitted to G7
Author: 0 Trump calls for Russian Federation to be readmitted to G7

For the past week, it was an open question in official Ottawa whether Trump would actually show up, given his recent trade actions against the other G7 countries and his increasingly antagonistic comments about their approach to global relations.

Markets Poundworld teeters on the brink of going into administration
Author: 0 Poundworld teeters on the brink of going into administration

It is reported it will appoint Deloitte as administrators. If a solvent sale of Poundworld cannot be agreed, the business could be sold through a pre-pack administration or collapse outright, underlining the urgency of rescue talks which are being led by Deloitte, the professional services firm.

Markets International Trade Gap Narrowed 2.1% in April
Author: 0 International Trade Gap Narrowed 2.1% in April

Exports of goods increased 0.2% to $141.2 billion in April. In volume terms, exports rose 1.2 per cent and imports fell 2.4 per cent. The president views trade deficits as a sign of economic weakness that can be brought down by more aggressive trade policies, though many analysts see a widening gap as a side effect of a growing economy that's importing goods.

Markets Brexit: Best for Britain launches campaign for another referendum
Author: 0 Brexit: Best for Britain launches campaign for another referendum

The British Brexit Secretary David Davis had threatened to resign over the original proposal. Cabinet tensions on the backstop initiative emerged yesterday after Mr Davis was believed to be insisting that the United Kingdom should be able to unilaterally withdraw from any border agreement in order to maintain leverage with Brussels in ongoing negotiations.

Markets Heinz Salad Cream could become Sandwich Cream
Author: 0 Heinz Salad Cream could become Sandwich Cream

Sometimes foods - and not just branded foods - are given a new name to make them sound less, well, revolting. How many can you remember? Salad Cream also contains significantly less fat with 100g of Heinz Salad Cream yielding 23.8g of fat (1.8g of which saturates) and mayonnaise of the same brand containing 70g of fat (5.3g of which saturates).

Markets Investigators say Tesla Autopilot sped up before fatal Model X crash
Author: 0 Investigators say Tesla Autopilot sped up before fatal Model X crash

In April, the NTSB removed Tesla as a party to its investigation of Huang's crash after the automaker made public statements. The report also said the vehicle had sped up from 62 miles (99 km) per hour to almost 71 miles (114 km) per hour in the three seconds before the March 23 crash - and above the 65 mph (105 km per hour) speed limit.

Markets Lord & Taylor Closing Famed Fifth Avenue Flagship
Author: 0 Lord & Taylor Closing Famed Fifth Avenue Flagship

Boston-based e-commerce operator Rue La La, which is owned by billionaire Michael Rubin's Kynetic, said late on Monday it had agreed to buy Gilt, which Hudson's Bay acquired in January 2016 for $250 million. Maxx, Marshalls and of Nordstrom (jwn) Rack. The company is also having ongoing discussions about the sale and leaseback of its Vancouver property, a downtown Hudson's Bay department store with a long-term lease.

Author: 0 European Union sets July timeframe for United States tariff reprisals

The War of 1812 lasted from 1812 to 1815 while James Madison was president; numerous most famous battles occurred in Upstate New York. Canadian Prime Minister Justin Trudeau called the tariffs "totally unacceptable" and "an affront" to Canadian soldiers who have served alongside Americans in numerous conflicts.

Markets Mexico Hits US With Retaliatory Tariffs
Author: 0 Mexico Hits US With Retaliatory Tariffs

President Trump's economic adviser, Larry Kudlow, on Tuesday revived a possibility that the president would attempt to replace Nafta with bilateral deals with Canada and Mexico - a move both nations oppose. The offer, made during discussions with Commerce Secretary Wilbur Ross, was first reported by the Wall Street Journal. Mexico has imposed new import tariffs on USA goods, including pork products.

Markets MyHeritage breach exposes 92M emails and hashed passwords
Author: 0 MyHeritage breach exposes 92M emails and hashed passwords

DNA databases have come under closer scrutiny as more online companies commoditize the service, offering genetic sequencing at low prices and warehouse the data. "We believe the intrusion is limited to the user email addresses", MyHeritage added. That does not tend to allay consumer anxiety, experts say. The company said the breach occurred on October 26, 2017.

Markets Tesla Shareholders Meeting Almost Saw Elon Musk Stripped of Chairman Title
Author: 0 Tesla Shareholders Meeting Almost Saw Elon Musk Stripped of Chairman Title

Moments after the vote, Musk - who appeared emotional as his voice quivered - said the company has experienced "the most excruciating hellish several months that we've ever had". "One of the biggest mistakes we made was trying to automate things that are super easy for a person to do, but super hard for a robot to do". The company said a "supermajority" of shareholders also rejected a proposal to force Musk to step down as Tesla's chairman, a position he has held since 2004 - four years ...

Markets More than a dozen killed in Nicaraguan protests
Author: 0 More than a dozen killed in Nicaraguan protests

Reuters said the Deputy Director of the National police of Nicaragua, Francisco Diaz, reports UNN. Demonstrators burn the Sandinista radio station during clashes with riot police. Recall, the protests began in mid-April, the reason for them was the reform of social insurance. On May 27, three masked people fired mortar at two guards standing at the main gate of the University of Central America, located in the country's capital of Managua .

Markets Arab Oil Ministers Stress Need for OPEC, Non-OPEC Cooperation
Author: 0 Arab Oil Ministers Stress Need for OPEC, Non-OPEC Cooperation

Earlier on Tuesday, Bloomberg reported that the USA government had asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels per day (bpd). US drillers added two oil rigs in the week to June 1, bringing the total to 861, the most since March 2015, energy services company Baker Hughes said on Friday.

Markets Tom Watson warning on Sky takeover
Author: 0 Tom Watson warning on Sky takeover

UK Culture Secretary Matt Hancock said Fox's proposal to divest Sky News to Disney, or to an alternative suitable buyer, with funding secured for at least 10 years, was likely to be the most proportionate and effective remedy for the public interest concerns that had been identified.

Markets This Airline CEO Said Only a Man Can Do His Job
Author: 0 This Airline CEO Said Only a Man Can Do His Job

Moments after becoming chairman of the International Air Transport Association's (IATA) board of governors, one of the world's biggest boys' clubs, Al Baker did little to suggest things will change. "If we're leaving out nearly 50 percent of the population in our search for the next generation of 640,000 pilots, we're clearly not tapping into all of the talent that's available", Alan Joyce, the airline's chief executive, said in a statement past year.

Markets Drivers hit by worst rise in petrol price in 18 years
Author: 0 Drivers hit by worst rise in petrol price in 18 years

Price of non-branded diesel was also reduced to Rs 68.88 per litre in New Delhi , Rs 71.43 per litre in Kolkata , Rs 73.33 in Mumbai and Rs 72.72 per litre in Chennai . sanctions against Iran and concerns over Venezuelan supply. The average brent crude oil price increased from 70.88USD to 77.00USD per barrel during the period under review.