Business

Business British Airways sorry after IT 'chaos' at Heathrow
Author: 0 British Airways sorry after IT 'chaos' at Heathrow

The news comes after IT problems at the British flag carrier left more than 75,000 passengers stranded at Heathrow and Gatwick airports during a long weekend in May a year ago. Some passengers said they had been delayed by nearly 15 hours. "Emergency services responded using our regular safety procedures, and our operations have resumed", the airport announced on its Twitter account.

Business GDP Growth May Surpass 4 Percent: Trump's Economic Adviser
Author: 0 GDP Growth May Surpass 4 Percent: Trump's Economic Adviser

Kudlow said . Mr. Kudlow said the current administration is trying to pull America out of the "growth recession" it has been mired in since at least the Y 2008 financial crisis. President Trump then proposed 10-percent tariffs on a list of $200 billion in Chinese products , which China responded to by filing a challenge with the World Trade Organization .

Business PM Modi slams Congress over lack of electrification
Author: 0 PM Modi slams Congress over lack of electrification

He said about 14,500 villages out of 18,000 villages not electrified were in Eastern India and government have changed that. "We not only focussed on electrification but also reformed the distribution systems across the country", he said. Interacting with the Prime Minister, beneficiaries from far away villages explained electricity has transformed their lives forever. Several people from different parts of the country got to interact with the Prime Minister.

Author: 0 In trade war, China deploys cartoon legume to reach United States farmers

In a statement to news channel CNBC, the US President said, "I'm ready to go 500", alluding to the Dollars 505.5 billion in Chinese imports into the US in 2017. Both political and economic officials believe that the central bank needs to operate free of political pressure from the White House or elsewhere to properly manage interest rate policy.

Business Trump accuses China, EU of currency manipulation
Author: 0 Trump accuses China, EU of currency manipulation

The Washington Post says Trump broke with "longstanding practice" by criticizing the Fed, which presidents typically avoid doing "out of respect for the independence of the institution, and to avoid any hint of political influence over the nation's monetary supply".

Author: 0 US Dollar Sinks as President Trump Hits Fed on Hikes

We have been ripped off by China for a long time", he said. So far, the Trump administration has slapped tariffs on $34 billion of Chinese goods over what it describes the country's predatory practices. "China, the European Union and others have been manipulating their currencies and interest rates lower", Trump wrote on Twitter. "In fact, an argument can be made that the President's comments may skew the Committee in a hawkish direction: if a decision is a close call then the appearance ...

Business Q4 FY2018 — Microsoft earnings
Author: 0 Q4 FY2018 — Microsoft earnings

Microsoft's overall revenue for the fourth fiscal quarter reached $30.1 billion, up 17 percent YoY and beating analysts' predictions of $29.2 billion. Notably, Azure - considered the leading rival to the dominant Amazon Web Services - saw revenue growth of 89% from the same period in 2017, though Microsoft doesn't disclose specific financials for the service.

Business World’s Best Airlines Announced at Skytrax Airlines Awards 2018
Author: 0 World’s Best Airlines Announced at Skytrax Airlines Awards 2018

In a gala ceremony at the iconic Langham Hotel in London , airline leaders and top airline management from across the globe to receive their 2018 World Airline Awards . Customers in all cabin classes receive 20MB of free Wi-Fi data, and each month almost one million passengers connect while inflight. Cathay Pacific Airways 7.

Business Brent crude falls as oversupply fears mount
Author: 0 Brent crude falls as oversupply fears mount

Oil companies are planning to make up for the shortfall by increasing purchases from other Middle Eastern suppliers, such as Saudi Arabia , since imports of Iranian crude will likely stop by around October, the sources said. Still, overnight oil is weak as the USA dollar soars and other commodities get crushed. Taking into consideration those circumstances, on June 29 Turkish Economy Minister Nihat Zeybekci said that "the decisions taken by the USA are not binding for us".

Business Android might not remain free because of new European Union ruling
Author: 0 Android might not remain free because of new European Union ruling

It is likely to stoke tensions between Europe and the USA, which regulates the tech industry with a lighter hand and has complained that the European Union is singling out American companies for punishment. Google, obviously, argued against the fine and announced its intent to appeal the ruling, and today the company finds itself with an unlikely ally: President Trump.

Business MP declares no confidence in Theresa May over European Union withdrawal plans
Author: 0 MP declares no confidence in Theresa May over European Union withdrawal plans

In a joint statement on behalf of the pharmaceutical industry in the UK, Mike Thompson, chief executive of the Association of the British Pharmaceutical Industry, and Steve Bates, chief executive of the BioIndustry Association, said that through the vote, parliament had sent a clear message that patients and public health should be a top priority for the government in these negotiations.

Business UK inflation holds steady in June, giving BoE pause for thought
Author: 0 UK inflation holds steady in June, giving BoE pause for thought

Without the increased price of fuel, the UK's headline rate of inflation would likely have dropped last month, the ONS said, continuing a steady decline witnessed throughout 2018. This was the highest input price inflation since May 2017, driven by higher crude oil costs, despite falling on the month. Prices in London alone house prices dropped by 0.4 percent on the year.

Business Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade
Author: 0 Farnborough Airshow: Aircraft sales to hit $6.3tn on China trade

European jetmaker Airbus and US rival Boeing have been enjoying an nearly decade-long boom thanks to rising emerging markets growth and a need among Western airlines to upgrade their fleets, and order books are bulging. This will also be the first appearance for two new partnerships for Airbus and Boeing. Boeing's Tinseth said Airbus sought to show it was winning a sizable share of the aircraft market.

Author: 0 Blue Origin subjects its rocket to high-altitude escape test

The rocket performed a "high altitude escape motor test", the company said on Twitter, simulating a high-altitude emergency scenario by igniting the escape booster on the bottom of the passenger, or in this case, payload capsule . Another payload offered an unusual synergy with another part of Blue Origin. While this flight was primarily meant to demonstrate the vehicle's escape system, the crew capsule carried eight research and technology demonstration payloads, similar to what the ...

Business Morehouse College cuts ties with Papa John's
Author: 0 Morehouse College cuts ties with Papa John's

Schnatter is "confident that an examination of the facts will bear out what I have written in this letter", and that it will "show that once again our company has demonstrated that it does not know how to handle a crisis based on misinformation".

Author: 0 Netflix reports weaker-than-expected new subscriptions in the second quarter

Although Netflix fell short with subscribers, its shows remain critical hits. The company said it added 670,000 streaming customers in the USA, below its guidance of 1.2 million new subscribers. The company garnered 112 Emmy Awards nominations last week, more than any other television network. The California-based company added 670,000 net subscribers in the US, far below the 1.19 million net additions expected by analysts polled by Thomson Reuters.

Business How to become an Amazon Prime member and how it benefits you
Author: 0 How to become an Amazon Prime member and how it benefits you

CNET's Dan Ackerman joins "CBS This Morning" to discuss what to expect from the big sale. For Prime Day devotees who also happen to be big fans of the best shows on TV (which, c'mon should be everyone, right?), the annual event makes for a, uh, prime opportunity to scoop up cool merch that shows just how devoted your fandom really is.

Business Ivanka Trump out of fashion at Canadian retailer
Author: 0 Ivanka Trump out of fashion at Canadian retailer

News about HBC's site was announced on Twitter courtesy of Shannon Coulter, the brand and digital strategist behind the #GrabYourWallet campaign that encouraged people to boycott all Trump-branded products. Still, a Trump spokesperson insisted the company caved to pressure from advocacy groups. It cited slow sales after a campaign to boycott stores doing business with the family of US President Donald Trump.

Author: 0 European Union issues warning to avoid trade 'conflict and chaos'

In July, Beijing responded with mirror measures after Washington imposed 25 percent tariff on $34 billion worth of Chinese goods. But Chinese officials have tried to appeal to American companies as allies. European leaders have criticized Trump's tactics but share USA criticism of China's industrial policy and market barriers. Speaking at a news conference, he said: "If China wishes to open up, it can do so".

Business Papa John's name removed from Louisville stadium following n-word controversy
Author: 0 Papa John's name removed from Louisville stadium following n-word controversy

Schnatter resigned as chairman of the company on Wednesday in the wake of revelations that he had used a racial slur during a meeting in May. The committee of independent directors with the fewest business and personal ties to the onetime chairman was formed to "evaluate and take action with respect to all of the company's relationships and arrangements" with Schnatter, according to the statement .

Business Elon Musk calls Thai cave rescuer a paedophile, may face legal action
Author: 0 Elon Musk calls Thai cave rescuer a paedophile, may face legal action

Asked how he felt about Musk's remark, Unsworth added: "I am not gonna make any further comment about him but I think people realize what sort of a guy he is". The tweets come just two days after a Bloomberg interview where Musk said he was trying to stop attacking people on Twitter . Musk, for no reason whatsoever, called Unsworth a "pedo".

Business The Evolution Of Amazon's Prime Day (NASDAQ:AMZN)
Author: 0 The Evolution Of Amazon's Prime Day (NASDAQ:AMZN)

Amazon Prime Day has arrived - and with it comes an abundance of deals on everything from household goods to electricals, beauty, grooming, essential parent and baby buys, gardening gear, clothes, toys and furniture. Amazon has slimmed down the price of Fat Face clothes and accessories in its latest 24-hour special deal . First, make a list of what you're looking for and add them to your cart.

Business Over 200 new launches expected in Amazon Prime Day sale 2018
Author: 0 Over 200 new launches expected in Amazon Prime Day sale 2018

So a Rs 999 annual plan of Amazon Prime will cost you just Rs 499. We already know about two deals Amazon plans to offer, but expect discounts on their entire suite of products. One big differentiator this year from Amazon is its VR experience. In addition, SBI will also offer 10 percent instant discount on purchases made through SBI credit cards during the shopping extravaganza.

Business Elon Musks Calls British Cave Diver A 'Pedo' On Twitter
Author: 0 Elon Musks Calls British Cave Diver A 'Pedo' On Twitter

Musk was criticised by many, some of whom accused Musk of using his sizeable (22 million) Twitter following to incite ill will towards people, and others saying his comments were clearly libelous. Twelve boys and their football coach were rescued from the Tham Luang cave complex by an worldwide team and after a week of intense drama. Perth vet Craig Challen and expert cave diver Adelaide anaesthetist Dr Richard Harris were awarded the protection following negotiations between Australian ...

Business Tesla sells 200,000th vehicle, starting phaseout of federal tax credits
Author: 0 Tesla sells 200,000th vehicle, starting phaseout of federal tax credits

The innovation center was officially registered on October 18, 2017, three years after Tesla's entrance into China in 2013. In an email exchange with Tripp, Tesla CEO Elon Musk called him "a awful human being". "And it makes a huge difference to people". Neither Tesla nor GM have said if they have plans to reduce the upfront prices of their cars as the credits wind down.

Business U.S. Lifts Ban On ZTE Over Alleged Iran Sanctions Violations
Author: 0 U.S. Lifts Ban On ZTE Over Alleged Iran Sanctions Violations

ZTE will be able to resume activity in full when the export ban is lifted, but, according to Bloomberg , the company is facing around $3 billion in losses from the moratorium it has been subjected to, which saw them lose access to the chips and other components the company needed in order to continue manufacturing networking gear and smartphones.

Business McDonald's Removing Salads From 3000 Stores After Illness
Author: 0 McDonald's Removing Salads From 3000 Stores After Illness

The states are Illinois , Iowa , Indiana, Wisconsin, Michigan, Ohio, Minnesota, Nebraska, South Dakota, Montana, North Dakota, Kentucky, West Virginia and Missouri. The symptoms, which can begin a week or more after consuming the parasite, include diarrhea and frequent, sometimes explosive bowel movements, according to the US Centers for Disease Control and Prevention.

Business Ryanair cancels 30 flights as pilots strike in Ireland
Author: 0 Ryanair cancels 30 flights as pilots strike in Ireland

It has signed recognition agreements with United Kingdom and Italian pilot and cabin crew unions, but has failed to make similar progress in Ireland or Germany. The strike represents 27 per cent of Ryanair's Irish pilots. The cancellations are all on high frequency routes between Ireland and United Kingdom destinations including London, where passengers can easily switch to alternative flights.

Business Build-A-Bear offers vouchers to disappointed 'Pay Your Age' guests
Author: 0 Build-A-Bear offers vouchers to disappointed 'Pay Your Age' guests

The offer is valid at locations where the Chuck E. Cheese Play Pass is available. Build-a-Bear's stuffed animals aren't cheap, especially when you load them up with clothes, hats, cell phones, jewelry, and other accessories. The average cost for a basic Build-A-Bear toy starts within the $15-$25 range. John said it was even more disappointing for those who traveled far distances to shop at Build-a-Bear.

Business Build-A-Bear's 'Pay Your Age Day' is underway
Author: 0 Build-A-Bear's 'Pay Your Age Day' is underway

Hundreds of people lined up outside Park Meadows Mall on Thursday morning trying to get inside the Build-A-Bear Workshop store during its " Pay Your Age Day ". Build-A-Bear's offer was only available at stores, though its website said the company would hold similar events for online customers in the future.

Business McDonald's removing salads from 3,000 stores after illness caused by parasite
Author: 0 McDonald's removing salads from 3,000 stores after illness caused by parasite

While finding a link to salads sold at McDonald's in about a quarter of the IL cases, the state is also looking into other possible sources for the contamination, Shah added. In Illinois , public health officials have counted 90 cases of cyclospora since mid-May. He writes that McDonald's has already voluntarily stopped selling salads until it can secure supply of a different lettuce blend, and the company's removing the salad blend from restaurants and distribution centers affected.

Business Ryanair pilots to strike next Thursday
Author: 0 Ryanair pilots to strike next Thursday

The Irish Airline Pilots' Association (IALPA) said that 99% of over 100 directly-employed pilots who were balloted backed industrial action. Ryanair has hit out over air traffic control (ATC) strikes once again, saying they proved particularly turbulent last month.

Business Ryanair to cancel up to 30 Irish flights this Thursday
Author: 0 Ryanair to cancel up to 30 Irish flights this Thursday

In Italy they have said that they will strike for 24-hours on 25 July, while crew in Spain, Portugal and Belgium will strike for 48 hours on 25-26 July. Ryanair is cancelling flights on high frequency routes from Ireland to London and other destinations such as Glasgow, Manchester and Newcastle. The strike, which begins at 1am tomorrow, will be the first by Irish-based pilots in the budget airline's history.

Business China trade surplus with U.S. widens unexpectedly
Author: 0 China trade surplus with U.S. widens unexpectedly

Chinese data released Friday showed that the USA trade deficit with China hit $28.97 billion in June, an increase of $4.39 billion from May, according to Reuters . China imported American goods worth $13.6 billion in June while exporting $42.6 billion to the United States. As the US-China trade war escalates, the latest trade numbers appear to back Washington's biggest gripe with Beijing.

Business Justice Department to appeal its loss in the AT&T-Time Warner trial
Author: 0 Justice Department to appeal its loss in the AT&T-Time Warner trial

The Justice Department still had 60 days, however, to appeal the decision approving the merger. Spokespeople for the DOJ declined to comment. On Thursday afternoon, Craig Conrath of the Justice Department's antitrust division filed notice that the government would appeal Leon's ruling to the U.S.

Business Asian crude buyers cheer price competition between OPEC, US
Author: 0 Asian crude buyers cheer price competition between OPEC, US

The recovery was prompted by a report from the US Energy Information Administration that US crude oil inventories fell by 12.6 million barrels in the week to July 6, nearly three times the drop expected. The US says it wants to reduce oil exports from Iran, the world's fifth-biggest producer, to zero by November, which would oblige other big producers to pump more.

Business More rate hikes on way?
Author: 0 More rate hikes on way?

The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank of Canada says persistent trade uncertainty and Canada's tariff fight with the United States will shave almost 0.7 per cent from economic growth by the end of 2020 - but it predicts the blow to be largely offset by the positive impact of higher oil prices.

Business Iranian diplomat Assadollah Assadi suspected of plotting attack in France
Author: 0 Iranian diplomat Assadollah Assadi suspected of plotting attack in France

Iran is the third-largest exporter of crude oil in the world, behind Saudi Arabia and Russian Federation. US Secretary of State Michael Pompeo said on Tuesday that Washington may grant waivers to the countries that seek relief from strict oil sanctions that the Trump administration intends to impose on Iran from Nov 4.

Business New tariffs readied for Chinese goods
Author: 0 New tariffs readied for Chinese goods

He said: "Chinese equities were amongst the worst performers today, with the Shanghai Composite dropping 1.8% after the US Trade Representative set out the $200bn of Chinese imports on which it intends to impose a 10% tariff". Canadian soybean farmers are feeling the pain from already imposed Chinese tariffs on American goods. China imports far less from the U.S. than the USA imports from China.

Business Erdogan Sworn in for Second Term as Turkish President
Author: 0 Erdogan Sworn in for Second Term as Turkish President

The main share index dropped more than 5 percent while bank stocks lost more than 9 percent in their worst day for five years as investors fretted over President Tayyip Erdogan's influence on monetary policy. After the election victory, Erdogan removed Mehmet Simsek , previous deputy prime minister and a former Merrill Lynch banker, as well as former Finance Minister Naci Agbal.

Business 21st Century Fox Ups Sky Bid To $32.5B, Topping Rival Comcast
Author: 0 21st Century Fox Ups Sky Bid To $32.5B, Topping Rival Comcast

Comcast offered $65 billion and is getting ready for yet another bid for Fox. Murdoch's company still faces significant regulatory battles in Britain, including the culture secretary's statement that Fox would have to divest itself of Sky News to win government approval because of concerns about media plurality.

Business China vows to hit back over new U.S. tariffs
Author: 0 China vows to hit back over new U.S. tariffs

Calling Washington's behavior irrational, Beijing warned that the U.S. is, in the first instance, hurting itself with protectionist measures and constant attacks on free trade. One reason why Wall Street is anxious: The People's Republic, which bought $154 billion in USA imports past year, is quickly running out of American products to hit with tariffs.

Business Turkey’s markets panic as Erdogan appoints son-in-law as finance minister
Author: 0 Turkey’s markets panic as Erdogan appoints son-in-law as finance minister

Trump and Erdogan - who on Monday put his son-in-law in charge of a new combined ministry of treasury and finance, further solidifying his power - were among the last to take the stage for the group photo. "Most powers will be concentrated in his hands, there will no longer be a prime minister, and nearly none of the checks and balances of liberal democracies will be present".

Business Chinese shares extend weekly losses as U.S
Author: 0 Chinese shares extend weekly losses as U.S

The total value of the USA tariffs on China amounts to $50bn, though they will come into effect in two tranches, with the first round covering 818 products worth about $34bn having come into force on Friday. Sinovel has agreed to pay AMSC a total of $52.5 million in restitution. Oil prices were supported as larger-than-expected fall in US stockpiles data from the American Petroleum Institute confounded worries about supply shortage.

Business Iranian minister calls Trump's order to Opec insulting
Author: 0 Iranian minister calls Trump's order to Opec insulting

The figures were contained in a communication from the kingdom to the Organization of the Petroleum Exporting Countries ("Saudi Arabia raised oil output by around 500,000 bpd in June", Reuters , July 5). The administration has not been clear about whether sanctions will apply just to crude or will include condensates ("Briefing with an Iran diplomacy update", State Department, July 2).

Business U.S. to list tariffs on another US$200 billion of Chinese products
Author: 0 U.S. to list tariffs on another US$200 billion of Chinese products

The additional USA tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week. US officials insist China's retaliatory tariffs are unjustified. The move comes just days after the U.S. and China imposed tit-for-tat tariffs of $34bn on the other countries' goods.