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Markets

Al Baker clarified his position in an interview with Bloomberg Television's Haidi Lun after his press conference. Of his own job running one of the world's biggest carriers, Al Baker had this to say: "Of course it has to be led by a man, because it is a very challenging position".
  • Germany’s Merkel to work with Italy’s populist new govt

    Germany’s Merkel to work with Italy’s populist new govt

    Markets

    President Donald Trump. Merkel clarified her views on several issues. The chancellor spoke at a time of new concern about cohesion in the 28-member European Union, after a populist coalition with a strong euroskeptic streak was installed in Italy this week.
  • Microsoft now more valuable than Alphabet

    Microsoft now more valuable than Alphabet

    Markets

    For the last three years, Google has been ahead of Microsoft . Since taking over four years ago, Nadella has helped more than double Microsoft's stock price, and the business has gone from being a 40-plus-year-old company to a modern tech icon.
  • US adds 223000 jobs in May; unemployment lowest since 1969

    US adds 223000 jobs in May; unemployment lowest since 1969

    Markets

    The biggest gains have been among the 25 to 34 cohort. Markets trended upward on Friday in response to the report, though the announcement wasn't without controversy: President Donald Trump hinted at the strength of the numbers in a tweet an hour before they were released, an unprecedented move that many experts have criticized as a potential violation of federal guidelines prohibiting officials from commenting on unreleased data.
  • Navigating Italian political risks: What's next? - ING

    Navigating Italian political risks: What's next? - ING

    Markets

    Italy's next prime minister, Giuseppe Conte, met with Mattarella late on Thursday evening to propose a new list of ministers, which the president has reportedly accepted. The two enraged parties abandoned their joint bid for power, and on Monday, Mr Mattarella asked former International Monetary Fund economist Carlo Cottarelli to form a caretaker government created to take Italy to planned elections later this year.
  • Dog found dead in carrier during flight layover

    Dog found dead in carrier during flight layover

    Markets

    He was fine. Then approximately at 8 o'clock and 8:30 in the morning, the dog was again checked on, he was dead, and there was vomit in the cage, according to Delta'. Evan Oshan, the attorney for Alejandro's family, told TMZ Delta has been telling people to check their dogs in the cargo hold to avoid confusion with service dogs at the gate.
  • In Europe there were mass problems with paying with Visa

    In Europe there were mass problems with paying with Visa

    Markets

    France was also exempt from the issues, according to the French Association of Bank Users (AFUB). We are aware of an industry wide issue affecting Visa payments which is under investigation. However, contactless transactions were reportedly more likely to go through than transactions involving PINs. "For that we can only apologise and we are working hard until we're able to resolve it".
  • Google will let its AI contract with the Pentagon expire after backlash

    Google will let its AI contract with the Pentagon expire after backlash

    Markets

    Internal emails exchanged among Google executives show that Project Maven , despite its controversial nature, was to set the stage for a broader push for lucrative military contracts. The debate around the project centres on Google's corporate image - its unofficial slogan was " Don't Be Evil " for years - and, although some say AI could help reduce civilian casualties from drone strikes, others believe the company should not be engaging with military at all on principle.
  • Ops deemed troubled by Fed a year ago

    Ops deemed troubled by Fed a year ago

    Markets

    Deutsche Bank's attempts to break into the US markets, which are seen as an essential plank for delivering a global investment banking platform, proved to be costly as it ended up paying out billions of dollars to settle regulatory breaches, prompting speculation at one point of a bailout by Berlin .
  • Amazon.com off limits for Aussie buyers after GST changes

    Amazon.com off limits for Aussie buyers after GST changes

    Markets

    As a result, Amazon said Australian shoppers wanting to use its global platforms will instead be directed to its smaller Australian site, which offers much less for sale. Morrison doubted Amazon had difficulty with Australian taxes when it had the technology to cope with different tax regimes in Britain and Canada. "I find it hard to believe that one of the world's most technologically advanced companies, two years later now say they're unable to work out a technological solution when it ...
  • United States and Brent crude prices diverge further

    United States and Brent crude prices diverge further

    Markets

    On Wednesday, the American Petroleum Institute was said to report a 1 million barrel increase in crude stockpiles, double the gain forecast in a Bloomberg survey of analysts. The more active August contract rose 0.3 percent. July futures expired Thursday after adding 9 cents to $77.59 a barrel. This steady climb in United States production weighed on NYMEX prices, while OPEC supply concerns pushed Brent prices higher, resulting in the front-month ICE Brent/NYMEX spread crossing $11/b ...
  • PM Modi Visits Hindu, Buddhist Temples And Mosque In Singapore

    PM Modi Visits Hindu, Buddhist Temples And Mosque In Singapore

    Markets

    No nation can shape and secure it on its own. "It includes all nations in this geography as also others beyond who have a stake in it", Modi said. After unveiling the plaque, Prime Minister Modi interacted with local representatives. "Competition is normal. But, contests must not turn into conflict; differences must not be allowed to become disputes", he added. He further said, "We believe that our common prosperity and security require us to evolve, through dialogue, a common rules-based ...
  • SoftBank joins GM in self-driving car race; GM shares soar

    SoftBank joins GM in self-driving car race; GM shares soar

    Markets

    As part of the deal, General Motors has itself pledged to invest a further $1.1 billion into GM Cruise when the deal with SoftBank is consummated. shares to their biggest one-day gain since the automaker returned to the public markets in 2010 after a trip through bankruptcy protection. The list includes downtown San Francisco, as well as Scottsdale, Arizona and Warren, Michigan.
  • Watchdog begins crackdown on high-cost credit to protect the vulnerable

    Watchdog begins crackdown on high-cost credit to protect the vulnerable

    Markets

    It also considering a ban on the sale of extended warranties at the point of sale, with the hope of saving United Kingdom consumers up to GBP7.7 million per year. It could order lenders to send text messages to borrowers to warn them of overdraft charges , and ban fixed fees for going overdrawn. The FCA proposed stronger protections for customers who take out credit from firms who collect repayments in the home, with the aim of saving customers 34 million pounds a year.
  • Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel

    Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel

    Markets

    The group believes that the premium that the 500 models command will enable it to better absorb the higher sticker prices of electric technology and is thus readying a new electric version to debut in 2020 and a mild hybrid next year. The 500 was the region's top-selling minicar past year, with 190,389 units sold, according to JATO Dynamics data, followed by the Panda with sales of 187,682, both far ahead of the No.3, the Volkswagen Up, which had sales of 98,929.
  • Italy swears in populist government

    Italy swears in populist government

    Markets

    Giuseppe Conte was also sworn in as Italy's prime minister. Italy's inconclusive parliamentary election in March produced months of political stalemate before Mattarella asked Conte, a political novice tapped by the 5-Stars and League, to try to form a government.