Economy

Uber blows off Philippine regulators and defies ban

Uber blows off Philippine regulators and defies ban

The country's Land Transportation Franchising and Regulatory Board (LTFRB) ordered a cease and desist against the USA ride-hailing firm on Monday over its apparent flouting of a ban on new drivers. That is wrong-and Arcade City will do whatever we can to fix it". Uber ran into trouble in the Philippines for continuing to bring on new drivers after the agency suspended its accreditation process last summer, pending a review of the regulations. Read More

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SoftBank lines up $65 billon to fund Charter deal

SoftBank lines up $65 billon to fund Charter deal

The net result was a profit of United States dollars 206 million compared to a loss of USD 302 million a year ago, due in part to the reversal of some legal provisions. Charter Communications Inc's shares surged to a record high on Monday after a source said Japan's SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank's US wireless carrier, Sprint Corp . Read More

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AstraZeneca share price suffers biggest ever drop on drug trial results

AstraZeneca share price suffers biggest ever drop on drug trial results

AstraZeneca will continue to follow patients in the MYSTIC study, hoping that the combination of Imfinzi and tremelimumab might help patients live longer than chemotherapy alone. Obviously, today's news regarding its drug trial is disappointing, and it would not surprise me if its share price fell further in the short run. "As a secondary endpoint, although not formally tested, Imfinzi monotherapy would not have met a pre-specified threshold of PFS benefit over SoC in this disease ... Read More

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Shastri wants Arun to be bowling coach

Shastri wants Arun to be bowling coach

Even as results didn't go in favour of India during Arun's early stages as bowling coach in 2014, there was a long-term plan in place for every bowler. Kohli, who refrained from making any controversial statement said that is job is to only focus on batting than anything else. "And I had total faith in all the CAC members". Read More

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Amazon files for meal kit trademark

Amazon files for meal kit trademark

The trademark application was filed by Amazon Technologies, an Amazon subsidiary. "You be the chef", according to the U.S. Patent and Trademark Office records. As Ruth pointed out, Blue Apron's customer acquisition costs are already out of control: " Blue Apron's marketing department is spending an exorbitant $94 per customer to get people to sign up for its service-and in the previous year, its customer growth rate has actually slowed". Read More

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Stocks Shrug Off Bank Earnings, Shoot To New Highs

LONDON: European shares inched higher on Thursday, with investors less keen to chase the previous session's strong rally that came on the back of the relatively dovish tone struck by Fed chair Janet Yellen overnight. The stock had traded more than 6 percent higher in the premarket. The 30-Blue Chip stock index also notched an all-time intraday high. Federal Reserve Chair Janet Yellen said Wednesday the US central bank will start reducing its massive $4.5 trillion portfolio later this year. Read More

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Honda Confirms 11th US Death From Faulty Takata Airbag

Honda Confirms 11th US Death From Faulty Takata Airbag

Takata Corp.is expanding its recall to include another 2.7 million air bag inflators in the United States that may be prone to rupturing, the National Highway Traffic Safety Administration (NHTSA) announced Tuesday. Honda was Takata's biggest customer before the problems surfaced. She was injured in her right eye, and a tip of shrapnel embedded in her right sinus, according to CBS . Read More

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Plane returns to Seattle after assault on flight attendant

Plane returns to Seattle after assault on flight attendant

The battle in the galley near the cockpit of Delta Flight 129, which was headed to Beijing with 210 passengers and 11 crew aboard, began as the airliner cruised near Canada's western coast about an hour into the flight. July 07-A Beijing-bound flight from Seattle had to turn back Thursday night after a Florida man allegedly attacked a flight attendant, authorities said. Read More

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Canada wins world U19 men's basketball championship

Canada wins world U19 men's basketball championship

Washington scored at least 20 points in two games and recorded one double-double. The two-point deficit was the first time the USA trailed in the second half of the tournament. At times, we needed stops and we just couldn't get a rebound, things like that. Following three free throws by Immanuel Quickly (John Carroll School/Bel Air, Md.), the U.S. Read More

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AAA: Gas prices fall another 5 cents in Florida

AAA: Gas prices fall another 5 cents in Florida

The national average gas price (as of July 2) is about four cents cheaper than this same time past year, at $2.234 per gallon, and quite low for the summer travel season. Elsewhere, the national average fell 2.7 cents to $2.22 per gallon. The range in prices in the latest AAA survey for unleaded regular is 40 cents, from a low of $2.09 to a high of $2.49. Read More

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Qatar gets fresh deadline from neighbours

Qatar gets fresh deadline from neighbours

Qatar's foreign minister has arrived in Kuwait with a handwritten response to demands by four Arab nations. "We hope for a positive response to be able to resolve the crisis", Mr Al Jubeir said. In a conversation with reporters in Rome, Sheikh Mohammed bin Abdul Rahman al-Thani said that the Doha meeting is ready to hear complaints from his Arab neighbours. Read More

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Carrie Lam sworn in as Hong Kong's new leader

Carrie Lam sworn in as Hong Kong's new leader

Lam Cheng Yuet-ngor was sworn-in as the new Chief Executive of the Hong Kong Special Administrative Region (HKSAR) on Saturday as the territory marks 20 years since its handover to China from Britain. Beijing-backed civil servant Lam was chosen to be Hong Kong's next leader in March by a 1,200-person "election committee" stacked with pro-China and pro-establishment loyalists. Read More

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Would You Buy Constellation Brands Inc (NYSE:STZ) On These Analyst Ratings?

Would You Buy Constellation Brands Inc (NYSE:STZ) On These Analyst Ratings?

Moreover, Glenmede Na has 0% invested in Constellation Brands, Inc . Rathbone Brothers plc boosted its position in shares of Constellation Brands by 1.4% in the first quarter. Constellation Brands presently has a consensus rating of "Buy" and an average price target of $188.87. Analysts surveyed by Zacks Investment Research expected earnings of $1.98 a share on revenues of $1.95 billion. Read More

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PB Acharya's message on 'World Blood Donor Day'

PB Acharya's message on 'World Blood Donor Day'

Aigboje Ikhuoria reports that some residents in Benin City donated blood as part of the commemoration of the day. "It has the effect of shifting our attention from the patient who is most in need, to the donors in order to go through the process of the interviews, collecting the blood, and testing the blood, all before the person is transfused". Read More

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Brexit talks to focus 1st on orderly exit

Brexit talks to focus 1st on orderly exit

Brexit secretary David Davis agreed to drop earlier demands he made last week that trade talks should run in parallel with the divorce discussions, an issue that he had promised to turn into " the row of the summer ". Talks were "very constructive", however the European Union warned "the clock is ticking". The document released after the first day of discussion on " Terms of Reference for the Article 50 TEU negotiations " stated: "The following initial negotiating groups have been ... Read More

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McCain: Americans 'stupid' to travel to North Korea

McCain: Americans 'stupid' to travel to North Korea

In an interview with CBS News, South Korean President Moon Jae-in said that while it's not clear if North Korea killed Warmbier, they have "heavy responsibility". Work with, or compel, China to deny them and their mistresses the ability to fly to Beijing - the major airport for global travel from Pyongyang - to prevent them from buying luxury goods in China, or from transiting on to a vacation in Paris. Read More

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Trump confirms he's under investigation

Trump confirms he's under investigation

Trump demonstrated Friday morning that the Russian Federation probe continues to consume his attention, tweeting a stream of messages decrying the controversy. Pence tapped far-from-average lawyer Richard Cullen, who litigated the 1980s Iran-Contra scandal, the Watergate affair and the 2000 vote recount in Florida. Read More

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Amazon-Whole Foods deal fallout

Amazon-Whole Foods deal fallout

Its $230 billion market value dwarfs listed US grocers, including Target, Kroger and Sprouts Farmers Market, as well as private Albertsons. Those of us in the industry have known for a while that Whole Foods has been pressured to sell by its activist investor Jana Partners and mutual-fund manager Neuberger Berman, and rumors of potential deals with everyone from Kroger to Albertsons have been bandied about. Read More

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Bank of England keeps rates at record low as economy slows

Bank of England keeps rates at record low as economy slows

The Fed expects that inflation will not hit the current target, of two percent, and it has revealed plans for unwinding the post-asset purchasing balance sheet, which now totals nearly $4.5 trillion. This was at odds with the Bank's predictions for growth of 0.4% between January and March, although the latest surveys from the main sectors suggest a slight pick-up in the second quarter. Read More

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US consumer prices slipped 0.1 per cent in May

June 14 The dollar index on Wednesday fell to its lowest since November 9 against a basket of major currencies that measure its strength after the release of weaker-than-expected U.S. The US dollar fell against a basket of currencies on the data, while prices for US Treasuries rose. According to the CSO data, manufacturing sector, which constitutes 77.63 per cent to the IIP, grew at 2.6 per cent in April compared to 5.5 per cent in same month previous year. Read More

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GE CEO Jeff Immelt to step down after 15 years

GE CEO Jeff Immelt to step down after 15 years

In addition, Chief Financial Officer Jeff Bornstein was named vice chair and Kieran Murphy was named president and CEO of GE Healthcare to succeed Flannery. Flannery, 55, joined the company in 1987, evaluating risk for leveraged buyouts. General Electric's long-time chief executive and chairman Jeff Immelt is retiring. Read More

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Owner says Three Mile Island plant to shut down in 2019

Owner says Three Mile Island plant to shut down in 2019

So-called nuclear bailouts have won approval in IL and NY but the potential for higher utility bills in Pennsylvania is drawing pushback from energy companies, manufacturers and consumer advocates. Built during a golden age for nuclear power, Three Mile Island's Unit 1 went online in 1974 and Unit 2 in 1978, coughing steam into the air above its sliver of land in the Susquehanna River, about 10 miles from Harrisburg. Read More

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Totti confirms his last Roma match on Sunday

Totti confirms his last Roma match on Sunday

The Giallorossi's new director of sport Monchi revealed earlier this month that Totti will retire at the end of the season, but the 40-year-old striker never confirmed it himself, until now. The Roma manager just happens to be on his way out at the Olimpico, and is heavily linked to Inter Milan. Totti is also second all-time in goals scored in Serie A with 250, 24 short of the record that Silvio Piola established from 1929-54. Read More

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Egypt blocks 21 websites including Al Jazeera - security sources

Egypt blocks 21 websites including Al Jazeera - security sources

The report published on Wednesday also said Sheikh Tamim spoke favorably about the Lebanese organization Hezbollah and the Palestinian group Hamas, while criticizing US President Donald Trump and saying he may not serve a full term. The development prompted Saudi Arabia and the United Arab Emirates to respond by blocking Qatari media, including broadcaster Al-Jazeera. "The statement published has no basis whatsoever, and the competent authorities in the State of Qatar will hold all those ... Read More

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Ford replaces CEO in push to transform business

Ford replaces CEO in push to transform business

Ford shares are down 37 percent since Fields took over three years ago, at the peak of the US auto industry's recovery. Bill Ford and Ford's Board of Directors thanked Fields for his significant contributions to the company. Hackett is also head of the company's smart mobility unit, which is focused on its ride-hailing and car-sharing efforts. Analysts and investors have routinely questioned the company's ability to weather the next industry downturn-criticism has increased as US auto ... Read More

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Suspicion: Massive cyber attack caused by North Korea

Suspicion: Massive cyber attack caused by North Korea

WannaCry also includes software that was stolen from the US National Security Agency [official website] and illegally published online in April. This would help them to plan if their country is attacked. The United States accused it of being behind a cyber attack on Sony Pictures in 2014. FireEye Inc, another cyber security firm, said it was also investigating, but was cautious about drawing a link to North Korea. Read More

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Factors to Note Before Buying Target Corp. (TGT)

Compton Capital Management Inc. Several equities research analysts have recently commented on the company. First National Bank Sioux Falls boosted its position in shares of Target by 18.5% in the third quarter. Target Corporation posted net revenue of 20.69B, beating Wall Street analysts who had forecast $20.7B. The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Read More

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Market round-up: Euro soars amid Trump concerns

Market round-up: Euro soars amid Trump concerns

The U.S. Dollar Index measures the strength of the greenback against six main currencies. Optimism over pro-growth economic policies under Trump helped drive a sharp rally in US stocks after the November 8 USA election. The S&P 500 was on track for its worst day since September. Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue as to whether an OPEC-led output cut is making progress in reducing a persistent global supply overhang. Read More

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BHP boosts rig numbers ahead of Elliott defence

BHP boosts rig numbers ahead of Elliott defence

Elliott said today: "Current management's response to the value unlock plan has been misconceived, wholly unconvincing and a disservice to BHP's owners - underestimating the groundswell of dissatisfaction among shareholders". The plan would also raise BHP's market value by $5 billion and likely cost about $200 million, as opposed to the producer's estimate of about $1.3 billion, the fund said. Read More

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Xiaomi bets big on Mi Homes for larger offline play

Xiaomi bets big on Mi Homes for larger offline play

Technically speaking, the Redmi 4 comes with a 5 inch HD display with 2.5D curved glass protection, while being powered by a 1.4 GHz octa-core Qualcomm Snapdragon 435 SoC paired with either 2/ 3/ or 4 GB of RAM as we mentioned earlier. Connectivity options include dual-SIM card slots (hybrid setup), 4G with VoLTE support, Wi-Fi, Bluetooth and Global Positioning System. The router also comes with the metering feature that will let users limit the bandwidth for each device and also block ... Read More

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SolarCity co-founder Lyndon Rive to leave Tesla Inc. in June

The SolarCity and Tesla exec told Reuters in an interview Monday he would be leaving his post as head of sales and service at Tesla's energy arm . Musk said the two companies belonged together because they share a common vision - a world fueled by renewable energy - and leadership. Rive's departure comes a week after Tesla announced it would begin taking orders for its solar roof tiles, a new technology that Musk believes will help make solar panels a thing of the past. Read More

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Russia, Turkey, and Iran Agree to Ban U.S

A spokesman for rebel groups who attended the talks in Kazakhstan expressed doubt Friday about the agreement , including with regard to Russia's ability to force Iran and the Syrian government to respect a truce with the rebels. The deal calls for the establishment of four "de- escalation" zones across stretches of eight Syrian provinces. Mr Fomin said that there had been no bombing raids by Russian aviation in the four zones since 1 May. Read More

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