Business

Business Tesla breaks EV towing record
Author: 0 Tesla breaks EV towing record

In an event in India, Tata Hexa pulled a 285-tonne Airbus A380 past year for 73 meters, which is highly impressive. Testing the torque on a Tesla Model X P100D , which has a road tow rated capacity of 2.5 tonnes, pulled the 130 tonne 787 (that's basically its unloaded weight with minimal fuel) nearly 300 metres to satisfy the folks at the world records book.

Business No diesel for new Volvo S60 saloon
Author: 0 No diesel for new Volvo S60 saloon

Volvo will be revealing its new S60 sedan in a matter of weeks. In 2017, Volvo confirmed plans to electrify all new models from 2019 onward, with powertrains set to include hybrid, plug-in hybrid and pure electric versions. In fact, Volvo was the first traditional vehicle maker to commit to all-out electrification in July 2017. Samuelsson went on to explain that Volvo now feels that hybrid, mild-hybrid, and plugin-hybrid technology have overtaken diesel not just in terms of reducing ...

Business Police must gain public trust on facial recognition tech
Author: 0 Police must gain public trust on facial recognition tech

Worryingly, 102 innocent members of the public were identified by the technology, although the force has yet to make an arrest using it. The Metropolitan Police said that " all alerts against the watch list are deleted after 30 days ", adding that any " faces in the video stream that do not generate an alert are deleted immediately ".

Business Next Up at Amazon-Run Whole Foods: Half-Priced Halibut Steaks
Author: 0 Next Up at Amazon-Run Whole Foods: Half-Priced Halibut Steaks

These advantages are available now in Florida and will spread out to the remaining stores beginning this summer. Amazon had hoped to integrate Prime into all of its Whole Foods stores earlier this year, but the effort has been hindered by technical difficulties, some of which are related to the company's point of sale systems at checkout, according to an employee not authorized to speak publicly.

Business Iceland's WOW air launches new flights to India
Author: 0 Iceland's WOW air launches new flights to India

The 3X-weekly Airbus A330neo route will launch in December, increasing to 5X-weekly from January 2019. The airline says fares will start from as little as £149 one way including taxes, or from £499 one-way including taxes for premium.

Business Japan's economy contracted for first time in two years in Q1 2018
Author: 0 Japan's economy contracted for first time in two years in Q1 2018

Domestic demand lopped 0.2 percentage points (ppts) of quarterly growth, driven lower by declines in housing investment and private business inventories. Japanese government officials expect the decline to be temporary . The limp first-quarter performance was spread across different areas of the economy, according to Marcel Thieliant, senior Japan economist at research firm Capital Economics.

Business Tech and health care lead United States stocks lower
Author: 0 Tech and health care lead United States stocks lower

In other words, you can earn higher income on risk-free short-term money than you can on stocks. Stocks are broadly higher at midday on Wall Street as investors hope that trade tensions will ease between the US and China. Small-company stocks also rose. KeyCorp rose 1.5 percent. Higher mortgage rates can make it harder for would-be buyers to afford to purchase a home. Some banks got a boost from higher rates, which make loans more profitable.

Business Pompeo reaches out to European counterparts amid Iran tensions
Author: 0 Pompeo reaches out to European counterparts amid Iran tensions

On May 8, U.S. President Donald Trump announced that the U.S. would withdraw from a nuclear deal with Iran and reinstate its economic sanctions against the Middle Eastern country. But Bolton didn't rule out sanctions for European companies doing business with Iran . While Zarif works with world powers to keep the nuclear deal alive, the Rouhani administration has been fighting back against critics who have attacked him for trusting the United States.

Business Israelis go wild after Eurovision Song Contest victory
Author: 0 Israelis go wild after Eurovision Song Contest victory

He was speaking at an inaugural event marking Jerusalem Day, an annual celebration of the reunification of the Holy City under Israeli sovereignty following the country's victory in the six-day war in 1967. The victor, Netta, recently spoke about her song which was about women's empowerment , and represented the #MeToo movement. "The song has an important message", she is quoted as telling the Daily Express before winning the contest, which features artists from dozens of countries in and ...

Business Privacy coin ZCash to be listed on Winklevoss's exchange, Gemini
Author: 0 Privacy coin ZCash to be listed on Winklevoss's exchange, Gemini

For this reason, Zcash has been linked to trading in oppressed nations, as well as privacy-focused investors and even criminal organizations. To offer the much touted privacy, Zcash makes use of both shielded addresses, which offer full control, and unshielded addresses, which offer a lower degree of protection.

Business Facebook is slipping after announcing it disabled more 583 million fake accounts
Author: 0 Facebook is slipping after announcing it disabled more 583 million fake accounts

Facebook disabled about 583 million fake accounts in Q1, most of which "were disabled within minutes of registration". Facebook also disclosed that it disabled almost 1.3 billion fake accounts in the six months ending in March. Still, while Rosen said its systems leave more to be desired at the moment, Facebook removed 2.5 million pieces of content, 38 percent of which was flagged by its technology.

Business Girl bit by bear gets dozens of internal, external stiches
Author: 0 Girl bit by bear gets dozens of internal, external stiches

A five-year-old girl was attacked by a bear, bitten and dragged before the girl's mother scared off the animal. According to her mother, Kimberly Cyr had gone outside to investigate noises in the yard she may have thought was her dog. An officer killed the bear at about 9:30 p.m. local time before it went inside a bear trap, said Mike Porras, spokesman with Colorado Parks and Wildlife.

Business Twitter update hides tweets posted by trolls
Author: 0 Twitter update hides tweets posted by trolls

This includes people who have repeatedly tweeted at users who do not follow them, those who have often been blocked by other members of the site, or those who set up multiple accounts at once. "Because this content doesn't violate our policies, it will remain on Twitter, and will be available if you click on "Show more replies" or choose to see everything in your search setting".

Business SPDR S&P Biotech ETF (XBI) Rises 2.96% for May 13
Author: 0 SPDR S&P Biotech ETF (XBI) Rises 2.96% for May 13

Moreover, the indicator should be adjusted depending on the characteristics of the underlying shares. Over the course of the day 43,565 shares traded hands, as compared to an average volume of 22,300 over the last 30 days for SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE).

Business Diesel hybrid to join Kia powertrain line-up
Author: 0 Diesel hybrid to join Kia powertrain line-up

When decelerating, and inverter switches the current of the motor, effectively turning it into a generator to top up the 0.46kWh battery. Controlled by an advanced ECU, the powertrain benefits from a new "Moving Stop & Start" function. The MHSG is mounted in the engine bay and connected to the crankshaft by a belt. Kia adds that the system is equally compatible with manual and automatic transmissions, and front, rear or all-wheel drive layouts.

Business American Airlines updates support animal policy
Author: 0 American Airlines updates support animal policy

The use of such animals on flights has ballooned in recent years. These are the animals now also restricted from flying as support animals aboard American Airlines flights per the airline's latest animal restrictions . They must be leashed or have a harness and may not growl, bite, or jump. Unclean animals, or animals with an odor, are banned, too. Oh, but mini horses are okay , as long they are properly trained as a service animal.

Business Home Depot delivers mixed 1Q results
Author: 0 Home Depot delivers mixed 1Q results

Moreover, Goelzer Invest Mngmt Inc has 0.04% invested in The Home Depot , Inc. The company's stock declined 7.15% with the market as Tower Research Capital Llc Trc bought 29,983 shares. Tower Research Capital Llc Trc has cut its stake in Powershares Qqq Trust (QQQ) and also reduced its holding in Ishares Tr (IWS) by 44,626 shares in the quarter, for a total of 174 shares.

Business Roseville Gas Prices Driving Higher
Author: 0 Roseville Gas Prices Driving Higher

The price spiked at several stations to $3.09 a gallon by late afternoon. "That same barrel this time a year ago could've been bought for about 49 dollars", Right points out. "AAA predicts that the national average may reach $3/gallon this summer, especially if crude oil prices continue to increase". The typical family will spend about $200 more this summer driving season, according to the Oil Price Information Service.

Business Cashierless Amazon stores coming to Chicago
Author: 0 Cashierless Amazon stores coming to Chicago

And on Sunday, the San Francisco Chronicle reported that Amazon planned to open a store near the city's Union Square, with a formal announcement expected within weeks. Not only that there are no cashiers, Amazon Go stores don't even have checkout counters , thereby eliminating the need for shoppers to wait in line.

Author: 0 Fuel prices expected to climb as Trump leaves Iran deal

USA trade policy and sanctions are fueling that uncertainty at a time when there are concerns that rising interest rates, especially in the United States, could crimp economic growth, OPEC said. "That absolute plunge in Venezuelan production. just highlights how tenuous the market is in terms of the supply-and-demand balance", said John Kilduff , a partner at Again Capital LLC.

Business Tesla vehicle in Autopilot mode crashes into fire truck in Utah
Author: 0 Tesla vehicle in Autopilot mode crashes into fire truck in Utah

Responding to a user who indicated that Tesla's autopilot function still needs safety tweaking, Musk stated: "It certainly needs to be better & we work to improve it every day, but flawless is enemy of good". Last week a Model S crashed into a concrete wall and caught fire in Florida, killing two teenagers. "It's super messed up that a Tesla crash resulting in a broken ankle is front page news and the ~40,000 people who died in US auto accidents alone in past year get nearly no coverage", ...

Business Vodafone sees turnaround as profits for 2018 hit £2.5bn
Author: 0 Vodafone sees turnaround as profits for 2018 hit £2.5bn

Margherita Della Valle, now deputy CFO, will succeed Read as CFO. Read was appointed CFO and joined the Vodafone board in April 2014. "Nick has been the co-architect of the Group's strategy together with Vittorio, combining extensive global operational and commercial leadership with world-class financial acumen".

Business Steve Wynn's Bad Luck With Picasso Goes On With $70 Million Work
Author: 0 Steve Wynn's Bad Luck With Picasso Goes On With $70 Million Work

Valued at $70 million, Pablo Picasso's Le Marin ( The Sailor ) was set to go to auction on Tuesday evening at Christie's NY. The unnamed client of Christie's had been identified by Bloomberg in April as the casino mogul Steve Wynn, who in February resigned as chairman and chief executive of Wynn Resorts as a result of sexual misconduct allegations .

Business Counting of votes for K'taka Assembly polls begins
Author: 0 Counting of votes for K'taka Assembly polls begins

It would be clear post noon whether the voters in Karnataka have given their verdict decisively as being claimed by the political parties, or for a hung assembly as projected by a majority of the post-poll surveys. To ease the concerns, the Congress Party has already indicated that it is willing to put up someone like Mallikarjun Kharge, who belongs to a Dalit community, as its chief ministerial candidate .

Business Kaspersky Lab to open customer data centre in Switzerland by 2020
Author: 0 Kaspersky Lab to open customer data centre in Switzerland by 2020

The Russian cybersecurity giant Kaspersky, desperate to regain trust after USA pushback against its alleged ties to Russian intelligence, is moving some of its key operations from Moscow to Zurich, Switzerland. The Russian AV vendor has found itself at the center of a geopolitical storm after its products were banned for USA federal government use following reports that Russian intelligence used them to spy on targets.

Business HSBC Concludes -
Author: 0 HSBC Concludes - "Blockchain Is Viable" After Successful Trade Deal

Bearing in mind that the Cargill transaction took just 24 hours to accomplish, it would make no sense really for businesses to keep depending on a traditional system that consumes time excessively. According to professionals' estimation, putting all trade-related paper work of Asia Pacific onto the blockchain could help to reduce the time need for goods export by up to 44% and to cut costs by up to 31%.

Business U.S. senators launch probe of Novartis' payments to Trump lawyer
Author: 0 U.S. senators launch probe of Novartis' payments to Trump lawyer

Columbus Nova , the company linked to the oligarch, paid Cohen's shell company $500,000. Elizabeth Warren of Massachusetts, Richard Blumenthal of CT, and Ron Wyden of OR sent a letter to AT&T CEO Randall Stephenson asking questions about the $600,000 in payments the company made to Cohen previous year.

Business Seattle passes scaled-back tax on Amazon, big companies
Author: 0 Seattle passes scaled-back tax on Amazon, big companies

Representatives of businesses warned that the tax would drive employers out of town, while others speakers questioned whether Seattle's city government could be trusted to spend the additional tax revenue wisely. "By threatening Seattle over this tax, Amazon is sending a message to all of our cities: we play by our own rules", the officials wrote. A point-in-time count a year ago tallied more than 11,600 homeless people in King County.

Business CBS Sues National Amusements For Voting Control, Stops Viacom Merger
Author: 0 CBS Sues National Amusements For Voting Control, Stops Viacom Merger

CBS's lawsuit said Redstone rejected an approach by an unnamed potential acquirer of CBS, citing that as another reason her interests are not aligned with other CBS shareholders. It added: "If consummated, the dividend would enable the company to operate as an independent, non-controlled company and more fully evaluate strategic alternatives".

Business Oil Slips as OPEC Seen Able to Offset Iran Losses From Sanctions
Author: 0 Oil Slips as OPEC Seen Able to Offset Iran Losses From Sanctions

Brent crude futures rose 27 cents to $77.48 a barrel Thursday, having gained 3.5% so far this week, Reuters reported. On Thursday, the global benchmark hit $78, its highest since November 2014. Even though a bird's eye view of the geopolitics on display this week suggest that the reinstatement of sanctions against Iran will have much less impact than some dramatically-inclined analysts think and that export shortfalls will likely be compensated by the Saudis or other Organization of the ...

Author: 0 Paragon Banking Group PLC (LSE:PAG) Quant Signal & Valuation At a Glance

It has outperformed by 65.23% the S&P500. Among 22 analysts covering John Wood Group PLC ( LON:WG ), 9 have Buy rating, 4 Sell and 9 Hold. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average - indicating a positive share price momentum.

Business Del Toro will helm a horror series for Netflix
Author: 0 Del Toro will helm a horror series for Netflix

Netflix is continuing its successful collaboration with Oscar-winning filmmaker Guillermo del Toro . This isn't del Toro's first time working with the streaming company, but does underscore an expanded presence with the company, where his DreamWorks Trollhunters show won an Emmy.

Business Some OPEC members are United States 'tools,' Iran says
Author: 0 Some OPEC members are United States 'tools,' Iran says

Shortly after President Donald Trump withdrew the United States from the Iran nuclear deal last Tuesday, an adviser to a top Iranian official retaliated by dropping a bombshell threat. "I expect the production to remain the same until the end of this (Iranian) year", Zanganeh said. Both Le Maire and Germany's finance minister Olaf Scholz had spoken to their USA counterpart Steven Mnuchin, urging him to consider exemptions or delays for companies already present in the country.

Business Tim Cook takes swipe at Facebook (and Google?) in commencement speech
Author: 0 Tim Cook takes swipe at Facebook (and Google?) in commencement speech

Cook also appeared to go after Facebook in the commencement address following the controversy surrounding the improper use of user data collected by President TrumpDonald John TrumpUS paid Trump's Scottish resort for VIP hotel stays: report Michael Avenatti tweets, then deletes, Fox News booker's phone number Former Trump aide working with Russian company to lift United States sanctions: report MORE's campaign data firm, Cambridge Analytica .

Business BB&T Investment Services Inc. Has $1.12 Million Position in Wells Fargo
Author: 0 BB&T Investment Services Inc. Has $1.12 Million Position in Wells Fargo

The stock of Wells Fargo & Company (NYSE: WFC ) earned "Hold" rating by Susquehanna on Monday, April 23. It has underperformed by 11.55% the S&P500. Fiera invested in 0.02% or 53,301 shares. She followed up with a letter last month. Weitz Investment Incorporated invested in 540,932 shares. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.26.

Business Lincolnshire child mental health referrals double
Author: 0 Lincolnshire child mental health referrals double

In 2014/15, Northamptonshire CAMHS received 69 referrals from schools. More than half of referrals from settings in England for mental health treatment in the last three years were from primary schools, the NSPCC says. The CIPD/Simplyhealth Health and Wellbeing at Work report also revealed that mental ill-health was now the main cause of long-term absence in more than a fifth of United Kingdom organisations (22 per cent) and that stress-related absence had increased over the previous ...

Business Asiana jet crashes into Turkish Airlines plane's tail at Istanbul airport
Author: 0 Asiana jet crashes into Turkish Airlines plane's tail at Istanbul airport

No injuries have been reported and the incident is being investigated. Asiana said the company itself is not involved in the investigation and did not disclose a clear reason for the accident. Video posted on YouTube appeared to show the Asiana plane's starboard wing crashing into the stationary Turkish Airline's vertical stabiliser as it drives past, slicing the stabiliser off.

Business Wholesale inflation rate rises to 3.18% in April
Author: 0 Wholesale inflation rate rises to 3.18% in April

According to the Commerce Ministry data, the WPI inflation in April 2017 was at 3.85 per cent. The contribution of food items ( food articles and food products) to inflation turned positive at 19 bps to 3.2% in April 2018 compared with (-) 02 bps to 2.5% in March 2018.

Business U.S. wants to work with Europeans on new Iran deal: Pompeo
Author: 0 U.S. wants to work with Europeans on new Iran deal: Pompeo

In January the 11 remaining signatories said they managed to overcome their differences and are holding the door open for the U.S., presumably betting on a less protectionist administration eventually taking over. Germany's minister for economic affairs, Peter Altmaier, said on Sunday that Berlin will try to "persuade the USA government to change its behavior".

Business Pittsburgh gas prices unchanged; could hit $3 per gallon nationally
Author: 0 Pittsburgh gas prices unchanged; could hit $3 per gallon nationally

Analysts say prices are rocketing higher throughout the USA because of reductions in domestic supply and the oil market's response to President Trump's decision to leave the Iran Nuclear Deal. In addition, refiners input less crude oil into their refineries, operating at an average of 90.4% of capacity with gasoline production slipping to 9.9 million barrels a day, just slightly higher than the 9.78 million barrels of implied gasoline demand per day.

Business Tesla with Autopilot slams into truck stopped at red light
Author: 0 Tesla with Autopilot slams into truck stopped at red light

AS per the police statement, the Airbags were activated in the crash. The driver of the fire department truck was unharmed, according to the South Jordan police. NTSB spokesman Keith Holloway said he didn't know whether the agency would get involved with the crash. He was the company's primary point of contact with the National Transportation Safety Board and other regulators.

Business OPEC raises global oil demand outlook for 2018
Author: 0 OPEC raises global oil demand outlook for 2018

Forecasts for Iranian supply losses vary from "little impact" anticipated by Barclays Plc to declines of 500,000 to 1.5 million barrels a day predicted by the sources. Top exporter Saudi Arabia told OPEC it cut output by 39,000 bpd to 9.868 million bpd, which is the lowest since the supply cut deal began, based on figures Riyadh reports to the group.

Business United booted Nigerian woman from plane over 'pungent' odor complaint: suit
Author: 0 United booted Nigerian woman from plane over 'pungent' odor complaint: suit

Obioma, who is seeking $75,000 damages over the 2016 allegations, said the incident began when she asked the white man to move from a business class seat that had been assigned to her. In the complaint, she mentions that how her children marched out of the plane like criminals, and how humiliating it was for her. NAIJ.com had reported that a Nigerian Lolade Siyonbola studying at the Ivy League University has shared a discomforting news of how a race biased student called the police on her .

Business Xerox terminates agreement to merge with Fujifilm
Author: 0 Xerox terminates agreement to merge with Fujifilm

The company is considering all available options, including filing a claim for compensation. On Sunday evening, Xerox announced that it has ended a proposed $6.1 billion dollar deal that would have seen Fujifilm take control of Xerox, and has reached a settlement with activist investors Carl Icahn and Darwin Deason.