Finance

Federal government will purchase Trans Mountain pipeline for $4.5B

Federal government will purchase Trans Mountain pipeline for $4.5B But British Columbia's social democratic government recently joined environmental activists' fight against the pipeline, provoking a trade row with Alberta and leading Kinder Morgan to temporarily halt its construction until the dispute was resolved. [Full Article...]

Fuel prices in India have not been slashed

Fuel prices in India have not been slashed In all, petrol price was increased by Rs 3.8 per litre and diesel by Rs 3.38 in that fortnight. The reason behind the increase in petrol prices in the country is the rise in the crude oil cost and high taxes levied by the central and state government. [Full Article...]

BMO and Simplii are warning customers that 'fraudsters' may have breached

BMO and Simplii are warning customers that 'fraudsters' may have breached The Bank of Montreal (BMO) and CIBC's Simplii Financial direct banking subsidiary are warning customers about a potential data breach. Canadian lenders including Toronto-Dominion Bank, Royal Bank of Canada, Bank of Nova Scotia and National Bank of Canada said they haven't been targeted. [Full Article...]

The Danger That Italy's Political Crisis Poses for the Global Economy

The Danger That Italy's Political Crisis Poses for the Global Economy Investors are anxious that euroskeptic parties could form a future government that would abandon the euro or commit to spending that would cause wider instability in the bloc. Emerging market stocks.MSCIEF lost 1.2 percent, marking a new low point for the year, under continued pressure from a rising USA dollar for countries that often borrow in that currency. [Full Article...]

Teslas ‘crash with Autopilot engaged’ in California and Greece

Teslas ‘crash with Autopilot engaged’ in California and Greece A Tesla Model S veered into a parked police cruiser Tuesday, severely damaging both vehicles in Laguna Beach, Calif., a coastal community south of Los Angeles. The National Transportation Safety Board is also probing four Tesla crashes that have occurred since past year, including three under review by NHTSA. [Full Article...]

White House to impose 25% tariff on $50bn worth of Chinese goods

White House to impose 25% tariff on $50bn worth of Chinese goods Tariffs of 25 per cent will be applied to Chinese imports containing important technologies, including those related to Beijing's Made-in-China 2025 development program, the White House said. Speaking on Fox News on May 20, Treasury secretary Steven Mnuchin confirmed: "We're putting the trade war on hold ". However, the administration is torn between groups anxious about a trade war and ha... [Full Article...]

Pret A Manger gobbled up by German billionaires for £1.5 billion

Pret A Manger gobbled up by German billionaires for £1.5 billion JAB, which invests on behalf of Germany's billionaire Reimann family, has built a food and drink empire which stretches across Europe and the United States. "All of us at Pret believe JAB will be excellent long-term strategic owners", Schlee said in the statement. Thousands of employees at Pret A Manger will receive bonuses of £1,000 each after German investors complete their purchase of the s... [Full Article...]

Canadian government to buy pipeline project from Kinder Morgan for $4.5bn

Canadian government to buy pipeline project from Kinder Morgan for $4.5bn Back in April, Kean had threatened to cancel the project unless Ottawa could provide assurances the company would be able to construct the pipeline through B.C. The federal finance minister said the government does not plan to be the long-term owner of the pipeline and expects the project to be transferred to private sector investors "at an appropriate time". [Full Article...]

Federal Bureau of Investigation urging people to reboot routers, due to malware threat

Federal Bureau of Investigation urging people to reboot routers, due to malware threat The FBI says owners of small office and home office routers should reboot the devices to disrupt the malware. The FBI is urging small businesses and households to immediately reboot routers following Cisco's report that 500,000 infected devices could be destroyed with a single command. [Full Article...]

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai In states, petrol cost Rs 82.76 a litre in Hyderabad and in Bangalore Rs 79.40 a litre. The government had in June last year junked a 15-year old practice of revising rates every fortnight and introduced daily revisions which worked well except periods immediately preceding an election. [Full Article...]

Which Starbucks locations are closed for racial-bias training May 29?

Which Starbucks locations are closed for racial-bias training May 29? The session will include a primer on the history of civil rights from the 1960s to present day and a talk on respect and identity from rapper and activist Common, but it will mainly focus on teaching participants about "unconscious bias" and how it can lead them to make false assumptions about others . [Full Article...]

Gas prices nearing $3 gallon nationally

Gas prices nearing $3 gallon nationally According to the holy grail of gasoline indexes, the American Automobile Association ( AAA ), gas prices are up to an average of $2.97 per gallon. In North Carolina, the average price on Thursday was $2.793, the organization said. "We're making good time ", said Launa Moran. KUSI's Ed Lenderman was live at San Diego International Airport where thousands are expected to pass through for Memori... [Full Article...]

Climb in June petrol, diesel prices in UAE

Climb in June petrol, diesel prices in UAE The price of diesel rose by ₹2.82 to ₹68.75 a litre in the National Capital during the same period. In 2017, the Organization of the Petroleum Exporting Countries (OPEC) and Russian Federation had made a decision to limit their production to stabilize the rates and market, when oil prices hit as low as $30 per barrel in 2016. [Full Article...]

Trump admin. briefs Congress on tentative deal with China's ZTE

Trump admin. briefs Congress on tentative deal with China's ZTE Government when they were originally caught and put on the Entity List, made false statements during the reprieve it was given, and made false statements again during its probation". Some Chinese officials have said they would not follow through on other parts of the trade talks until USA officials reach an agreement to free ZTE. [Full Article...]

Service dog gives birth to puppies at Tampa airport

Service dog gives birth to puppies at Tampa airport Ellie - short for Eleanor Rigby - gave birth to seven boys and one girl. Tampa Fire Rescue arrived to help deliver the pups right in the middle of the terminal in front of Gate 80. Dogs are normally pregnant for around 65 days. An airport spokesperson told Fox 35 that a woman and her daughter were flying from Tampa to Philadelphia. [Full Article...]

Elon Musk now wants to rate journalists, editors

Elon Musk now wants to rate journalists, editors But plans to bring back Pravda are not a one-time bluff; work on such a service reportedly dates back to October 2017, and not to Musk's latest friction with financial and automotive media outlets. Molly Roberts at the Washington Post says Musk's anti-media "meltdown" is unsurprising in light of recent reports on issues with the Tesla Model 3 , unionization efforts at Tesla factories, and crash... [Full Article...]

Autonomous Uber Car Detected Pedestrian Six Seconds Before Fatal Impact, NTSB Says

The victim tested positive for both marijuana and methamphetamines following the collision. Instead, she was looking below the dashboard, near the center console. Sensors on the fully autonomous Volvo XC-90 SUV spotted Herzberg while the vehicle was travelling 43 miles per hour and determined that braking was needed 1.3 seconds before impact, according to the report. [Full Article...]

FCA recalls 4.8M vehicles over faulty cruise control

FCA recalls 4.8M vehicles over faulty cruise control That being said, the company is unaware of any injuries or accidents related to recall even though affected models have clocked over 200 billion miles (321 billion km). The company also notes drivers can shift the vehicle into neutral and then brake accordingly. Fiat says a "widespread network" of dealers are prepared to help. [Full Article...]

Trump shifts stance on Korea summit from 'off' to 'maybe'

Trump shifts stance on Korea summit from 'off' to 'maybe' Trump's letter issued a veiled threat to Kim, saying: 'You talk about your nuclear capabilities, but ours are so massive and powerful that I pray they will never be used'. "The North showed there is no change in its commitment to bringing peace to the Korean Peninsula". Trump suggested the two sides were again speaking after an abrupt silence from North Korea prompted U.S. [Full Article...]

Deutsche Bank to slash over 7,000 jobs in major shake-up

Deutsche Bank to slash over 7,000 jobs in major shake-up The jobs cull is the first big decision to be announced under new chief executive Christian Sewing , who unexpectedly replaced CEO John Cryan in early April. The bank clobbered its Equities Sales & Trading businesses and cut leverage exposure in its Corporate & Investment Bank unit. Professor Brian Scott-Quinn, Director of Banking Programmes at Henley Business School, told Express.co.uk regardi... [Full Article...]


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