Economy

Amazon CEO Jeff Bezos says company working on facial recognition regulations

Amazon CEO Jeff Bezos says company working on facial recognition regulations

Amazon's public policy team is working on a set of proposed regulations covering the use of facial recognition software , which it plans to share with federal lawmakers, CEO Jeff Bezos said on the...

by · Economy
American updates on LATAM development

American updates on LATAM development

In May, Chile's Supreme Court ruled against a proposed route collaboration between OneWorld alliance partners LATAM, American, British Airways and Iberia created to rationalize similar operations an...

by · Economy
GM agrees to resume covering health insurance costs for striking workers

GM agrees to resume covering health insurance costs for striking workers

It is not clear if striking members would go back to work, which has been past tradition, or remain on strike until a ratification vote is complete. The union, however, has pushed back hard and even...

by · Economy
Where to get free coffee for National Coffee Day 2019

Where to get free coffee for National Coffee Day 2019

Participating stores offer customers a free brewed cup of coffee and a free original glazed doughnut on Sunday. Whole Foods Market: The grocery chain has teamed up with High Brew Coffee and togeth...

by · Economy
Ford F-Series Super Duty Can Tow Up To 37,000 Pounds

Ford F-Series Super Duty Can Tow Up To 37,000 Pounds

Allows modified diesel Ford F-450 to tow a trailer weighing up to 10 977 pounds on a conventional hitch. Perhaps the most notable battle is with regards to which automaker has the highest torque r...

by · Economy
Wells Fargo names BNY Mellon's Charles Scharf as CEO CNBC

Wells Fargo names BNY Mellon's Charles Scharf as CEO CNBC

While members of Congress went after JPMorgan's Jamie Dimon and Goldman Sachs' David Solomon, they mostly ignored Scharf and the CEO of his primary competitor, State Street. The company launched a sea...

by · Economy
IAG profits to take €215m hit from BA pilots' strike

IAG profits to take €215m hit from BA pilots' strike

The strikes at British Airways cost IAG an estimated 137 million euros. Subsequently, 2,196 flights were reinstated leaving 2,325 cancellations. BA also allowed passengers on other flights left ...

by · Economy
Juul Under Scrutiny; Juul CEO Quits Amidst Allegations

Juul Under Scrutiny; Juul CEO Quits Amidst Allegations

The electronic cigarette maker Juul announced this Wednesday that its CEO, Kevin Burns, would be stepping down as the government investigates whether the company meant to target teens and young adults...

by · Economy
Jaguar Land Rover to suspend work after Brexit

Jaguar Land Rover to suspend work after Brexit

Prime Minister Boris Johnson has pledged to take the United Kingdom out of the European Union with or without an exit deal on October 31. However, it remains unclear whether that will actually...

by · Economy
Japanese airline offers seat map tool allowing passengers to avoid babies

Japanese airline offers seat map tool allowing passengers to avoid babies

Japan Airlines aircraft are seen on the tarmac at Haneda airport in Tokyo. The baby map only shows kids whose tickets were bought through the airline's website and will not be viewable if planes ar...

by · Economy
McDonald's Launches Its First Ever Plant-Based Burger For Veggies

McDonald's Launches Its First Ever Plant-Based Burger For Veggies

MCDONALD'S HAVE teamed up with plant-based food company " Beyond Meat " to answer the prayers of vegetarians and vegans with the release of the " PLT "- a plant-based burger that looks and tastes like...

by · Economy
China leveraging Trump impeachment ‘desperation’ in trade talks

China leveraging Trump impeachment ‘desperation’ in trade talks

Alibaba shares fell 5.15%, JD.com fell 5.95% and Baidu Inc lost 3.67%, just to give a few examples. China's yuan currency, traded in off shore markets, fell by 0.4 percent against the dollar after t...

by · Economy
Peloton shares slip on IPO

Peloton shares slip on IPO

The opening trade was at Dollars 27 per share, below its higher end of its IPO pricing of USD 29 per share. In afternoon trading shares changed hands at $26.55 as the broader markets edged lower. Pelo...

by · Economy
Flight to SFO diverted after passenger stuck in bathroom

Flight to SFO diverted after passenger stuck in bathroom

One passenger had a bathroom emergency on board a Wednesday night United flight, but not the one most people think of. Another passenger, Jennifer Gettman, told local news network KPIX: "The pilot...

by · Economy
Toyota to boost stake in Subaru to 20pc — International Business

Toyota to boost stake in Subaru to 20pc — International Business

Icon Wealth Partners LLC acquired a new position in shares of Toyota Motor in the 1st quarter valued at approximately $33,000. The tie-up will also see the two companies share their respective areas...

by · Economy
Jetstar Airways Abandons New Zealand Regional Market

Jetstar Airways Abandons New Zealand Regional Market

The Australia-based low-priced carrier, Jetstar, announced that it is "proposing" cutting regional flights in New Zealand. Chief executive officer Gareth Evans said the airline had given it a real...

by · Economy
U.S. Mulls Delisting Chinese Companies from American Exchanges, Report Says

U.S. Mulls Delisting Chinese Companies from American Exchanges, Report Says

US stock indexes took a leg lower Friday midday, relinquishing modest gains, after a report that the White House is considering a limit to Chinese companies trading on USA exchanges, according to Bloo...

by · Economy

UK bus manufacturer to go into administration

Sources close to one of the bidders said yesterday that the appointment of Deloitte was "almost certain" to happen within 24 hours, putting about 1,300 jobs at risk. The North Antrim MP said he had me...

by · Economy
Saudi Arabia woos tourists, offers visas to 49 countries

Saudi Arabia woos tourists, offers visas to 49 countries

In a major breakthrough, Saudi Arabia on Friday, September 27 announced that it will offer tourist visas to citizens of 49 countries. Travel to the Kingdom has until now been nearly entirely restr...

by · Economy
London to Sydney in less than 5 hours with SABRE rocket plane

London to Sydney in less than 5 hours with SABRE rocket plane

Flight times from London to Sydney could be up to 80 per cent shorter by the 2030s if a hypersonic rocket engine - SABRE - being developed in the United Kingdom gets off the ground according to a repo...

by · Economy
Trump 'not thrilled' with Fed but says chairman's job safe

Trump 'not thrilled' with Fed but says chairman's job safe

Nonetheless, Federal Reserve's mixed signal on its next move about rate-decision had hit investors' optimism, while Fed Chair Jerome Powell reiterated in a post-FOMC press conference that the US C...

by · Economy
DoorDash data breach affected 4.9M customers, drivers, merchants

DoorDash data breach affected 4.9M customers, drivers, merchants

DoorDash says it's in the process of notifying those affected. For some costumers, the last four digits of their payment cards or the last four digits of their bank account number may also be affec...

by · Economy
North American airports struggling to keep travelers happy

North American airports struggling to keep travelers happy

The modest performance is attributable to lower-than-average facility access scores, with larger numbers of travelers citing construction-related delays getting into and out of the airport. Recent upg...

by · Economy
US House passes landmark cannabis banking bill

US House passes landmark cannabis banking bill

Introduced by Colorado Representative Ed Perlmutter, the SAFE Banking Act needed approval from two-thirds of the House's 435 members, or 290 yes votes. In the lead-up to the vote, advocacy groups face...

by · Economy
FM to discuss external benchmarking of loans, MSME credit with pvt bankers

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

The FM further said demand is expected to improve in the festival season though buying is now low due to the ongoing pitrupaksh period. "None of them voiced liquidity concerns", Sitharaman said,...

by · Economy
Fraudsters claiming to offer Thomas Cook refunds

Fraudsters claiming to offer Thomas Cook refunds

The announcement by the company's president Maciej Nykiel came with about 3,600 people who booked vacations with the company outside of Poland. Thomas Cook's collapse could have a damaging short-t...

by · Economy
US inequality gap grew larger between 2017 and 2018

US inequality gap grew larger between 2017 and 2018

Census Bureau, does ask about a person's place of birth, citizenship and year of entry into the U.S. The data is compiled to estimate the foreign-born U.S. "However, the increase in the Gini index sho...

by · Economy
Here's The Whistleblower Complaint That Could Lead To President Trump's Impeachment

Here's The Whistleblower Complaint That Could Lead To President Trump's Impeachment

A garbled remark by President Donald Trump in a just-released phone-call transcript with the Ukrainian head of state has focused attention on cloudy security shop CrowdStrike. Hunter Biden was h...

by · Economy
Tesla Model S Police Car Nearly Runs Out Of Charge Mid Pursuit

Tesla Model S Police Car Nearly Runs Out Of Charge Mid Pursuit

The chase was called off, and the highway patrol later found the suspect's vehicle abandoned in San Jose, according to the station. The Fremont Police Station explained that the previous shift had a...

by · Economy
Developing Asia’s growth prospects dim amid U.S.-China trade conflict

Developing Asia’s growth prospects dim amid U.S.-China trade conflict

However, India is expected to rebound to 7.2 percent growth in fiscal 2021 and join most other sub-regional countries in performing at or near their ADO 2019 growth forecasts for next year, it added. ...

by · Economy
Modi and Trump hold bilateral meeting; trade deal soon, says US President

Modi and Trump hold bilateral meeting; trade deal soon, says US President

But Modi has his critics - including protestors who attended that event in Houston Sunday - who are critical of alleged human rights abuses in Kashmir and parts of India. "I didn't know that I was goi...

by · Economy

Whistleblower complaint includes concerns over White House handling of Ukraine call

Adam Schiff (D-California) called it a "classic Mafia-like shakedown of a foreign leader". The president said Congress and reporters should ask for the transcript of an earlier conversation he had wit...

by · Economy

US Fed cuts interest rates for second time this year

Traders read the cautious moves by the central banks as somewhat supportive with the U.S. Dollar firming against most major currencies and the Japanese Yen moving higher against the greenback. Followi...

by · Economy
IMF Selects Kristalina Georgieva to Serve as Managing Director - Statement

IMF Selects Kristalina Georgieva to Serve as Managing Director - Statement

Trade tensions persist and debt burdens are rising in many countries", she said, noting that "warning signs are flashing". As I noted in my statement to the Executive Board, our immediate priority is ...

by · Economy
Stock futures fall on Trump impeachment push, Nike gains

Stock futures fall on Trump impeachment push, Nike gains

Chipmakers were among the big winners in the technology sector Wednesday. The Dow Jones Industrial Average rose 162.94 points, or 0.61 per cent, to 26,970.71, the S&P 500 gained 18.27 points, or 0.6...

by · Economy