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Business

The board of the Australian Broadcasting Corporation ( ABC ) has announced the departure of the organisation's managing director Michelle Guthrie . Guthrie said she was " devastated " by the board's decision to terminate " despite no claim of wrongdoing on my part ". Guthrie escalated her rhetoric from there, acknowledging that her contract included a clause permitting the board to oust her " without cause and with immediate effect ", but claimed there was no clear reason for them to do so.
  • Bidding war for Sky on course for auction - Takeover Panel

    Bidding war for Sky on course for auction - Takeover Panel

    Business

    After discussions with both companies vying for Sky, and noting that neither Comcast nor Fox has declared its final offer, the Takeover Panel said it established the auction procedure "to provide an orderly framework for the resolution of the competitive situation".
  • USA markets hit new record high

    USA markets hit new record high

    Business

    Wall Street shares are seen continuing the record run after the Dow Jones Industrial Average and S&P 500 reached new peaks on Thursday. In small-caps, the Russell 2000 closed at 1,720.18 for a gain of 17.25 points or 1.01%. The US saw heavy selling in February this year, with the S&P 500 and Dow hitting correction territory, leading to speculation that the US market bull run had finally run its course.
  • Tesco's new budget store 'Jack's' inspired by Jewish founder

    Tesco's new budget store 'Jack's' inspired by Jewish founder

    Business

    Commenting on the announcement, John Perry, managing director of SCALA, a leading provider of management services for the supply chain and logistics sector, said, "With discount retailers Lidl and Aldi reported to control around 13 per cent of the United Kingdom grocery market, it's no surprise that retail giant Tesco has launched its own discount chain, Jack's".
  • New Tesla killer: Audi's all-electric crossover may devour Elon Musk's lunch

    New Tesla killer: Audi's all-electric crossover may devour Elon Musk's lunch

    Business

    Intel 's Shooting Star drones have featured in many drone light shows to date, and the computing giant now holds the world record for the largest number of drones flown in unison when it celebrated its 50th anniversary earlier this year. The home charging stations sold by Amazon will price around $1,000 each, which includes installation. Its charging units cost $500. Furthermore, through the myAudi app, customers can define their own personal priorities, such as charging when electricity ...
  • Barclays online banking down due to 'technical issues'

    Barclays online banking down due to 'technical issues'

    Business

    But customers were still complaining that there is an issue with the app, even though the bank said it was working normally. The bank said: "We're sorry about today's problems with online banking, telephone banking and some features in Barclays mobile banking.
  • Walmart warning it'll raise prices as Trump's China tariffs kick in

    Walmart warning it'll raise prices as Trump's China tariffs kick in

    Business

    While the direct economic impact of the dispute on China has so far been limited, the trade tensions could rapidly push Chinese exporters to switch away from the USA market, a former chief of China's central bank said on Wednesday. U.S. President Donald Trump has threatened further retaliation if Beijing takes aim at U.S. agricultural or industrial workers as he accused China of trying to sway U.S.
  • Japan's Oil Refiners Temporarily Halt Iranian Loadings On Sanctions Threat

    Business

    UCO Bank had in the previous round of sanctions handled rupee payments. The Trump administration is now in talks with India on issues related to Iranian sanctions. According to Financial Times, Iran's exports have already fallen significantly, down at least 500,000 barrels a day since May to below 2m b/d, even before U.S.
  • Oil prices slip as Donald Trump calls on OPEC to lower prices

    Business

    The president also suggested it was unfair that OPEC raises prices when, "We protect the countries of the Middle East, they would not be safe for very long without us". Over the past four years, changes to US crude oil transportation infrastructure and the fluctuations in the Brent-WTI spread have resulted in refiners in the East Coast receiving the highest crude volumes by tanker and barge from the Gulf Coast since 2014, while crude by rail shipments from the Midwest have slumped 77 percent ...
  • Tesla Model 3 Sedan Aces All of US Safety Agency's Crash Tests

    Tesla Model 3 Sedan Aces All of US Safety Agency's Crash Tests

    Business

    The first combines "Driver and Passenger star ratings into a single frontal rating" while the second combines "the Side Barrier Driver and the Side Pole Star Ratings into a Front Seat rating". "More stars mean safer cars ", reads the organization's webpage. The institute, which is funded by the insurance industry, gives the vehicles that score highest on its evaluations the Top Safety Pick+ award.
  • Tesco launches Jack's discount chain and own brand

    Tesco launches Jack's discount chain and own brand

    Business

    The retailer said Jack's stores would be a mixture of entirely new sites, sites adjacent to existing stores and a small number of converted Tesco stores. There will also be a range of general merchandise on a "When it's Gone, It's Gone" basis. Tesco named the new brand after their founder, Jack Cohen, who opened his first grocery shop having served in the Royal Flying Corps in World War I, with the company marking its centenary next year.
  • USA crude rises 1.4% on signs OPEC will not boost output

    USA crude rises 1.4% on signs OPEC will not boost output

    Business

    Oil prices slipped on Tuesday morning in Asia as the USA vowed to impose 10% tariffs on a further $200 billion worth of Chinese goods on Monday, which rattled the markets. U.S. Energy Secretary Rick Perry said in an interview with Reuters on Friday that he does not foresee any price spikes and that the countries, the world's top three oil producers, can between them raise global output in the next 18 months.
  • Boy Arrested Over Australia's Needles In Strawberries Scare

    Boy Arrested Over Australia's Needles In Strawberries Scare

    Business

    Asked if the Queensland crisis was hurting the Victorian industry, he said: "At this point in time it hasn't had any impact on us, but we're anxious that it might have an impact". Many growers are installing metal detectors to scan their fruit at the request of retailers and insurance companies, according to ABC . A major strawberry supplier has taken the desperate measure of using a metal detector on produce .
  • Tesla Says It Received a ‘Voluntary Request For Documents’ From the DOJ

    Tesla Says It Received a ‘Voluntary Request For Documents’ From the DOJ

    Business

    Mr Musk startled the financial world in August when he announced on Twitter that he was considering taking the company private, sending the shares surging temporarily. "On the surface, it appears that Mr. Unsworth can assert the elements of defamation", said Nancy Costello, director of the First Amendment Clinic at the Michigan State University College of Law, in an interview.
  • Aurora Cannabis says there is no beverage deal to announce

    Aurora Cannabis says there is no beverage deal to announce

    Business

    In a report based on anonymous sources, BNN Bloomberg reported Monday that Aurora was in serious talks with the Coca-Cola Company. Coke says it's following the debate over the ingredient cannabidiol or CBD oil. "The THC beverages probably sit better with the beer makers, and maybe CBD fits better with Coke, in terms of playing off the health trend", said Liberum analyst Nico von Stackelberg.
  • Macron Says Pro-Brexit Politicians 'Liars', Rejects May 'Chequers' Plan

    Macron Says Pro-Brexit Politicians 'Liars', Rejects May 'Chequers' Plan

    Business

    She accepted "concerns have been raised" but insisted it remains the "only serious and credible plan on the table" for avoiding a hard border in Ireland and maintaining frictionless trade. Jean-Claude Juncker, who heads the EU Commission, is one of the leaders whom May failed to impress. May has told lawmakers that they will vote either for a Chequers-based deal or to leave without an agreement.
  • Free cheeseburgers! Where to find deals for National Cheeseburger Day Tuesday

    Free cheeseburgers! Where to find deals for National Cheeseburger Day Tuesday

    Business

    It's National Cheeseburger Day today and getting a tasty burger on the Westside is the easy the part. And not to be forgotten, we've already helped you get free beer, free coffee, free movies, free hot dogs ... Legend's Tavern & Grille: Cheeseburger and fries for $5.99 at restaurants in Deerfield Beach, Lighthouse Point and Sunrise. Wendy's is sweetening the deal by offering a free Dave's single all month long when you buy anything else through their mobile app .
  • Amazon to launch 3,000 cashierless stores by 2021

    Amazon to launch 3,000 cashierless stores by 2021

    Business

    That would mark a dramatic expansion of Amazon's brick-and-mortar footprint, and could pose an immediate challenge to food sellers from convenience chains like 7-Eleven to large format grocers like Kroger. Shares of US supermarket chains Kroger Co (KR.N) and Target Corp (TGT.N) fell between 1 and 2 percent following the news. Amazon , like many secretive technology companies, rarely telegraphs its growth plans.
  • Amazon's Storefronts is too little, too late for small businesses

    Amazon's Storefronts is too little, too late for small businesses

    Business

    Amazon is thinking small for a change. According to the report, small and medium-sized businesses selling on Amazon are estimated to be creating more than 900,000 jobs worldwide. In 2017, more than 300,000 USA -based small and medium-sized businesses started selling on Amazon. The Little Flower Shop Soap Co.is also the first Storefront of the Week to be featured in the new section .
  • Amazon investigating claims of bribes and leaked data

    Amazon investigating claims of bribes and leaked data

    Business

    Of course, then there's the "relatively low salaries" offered by Amazon in China, while working with the brokers to sell internal data or game the system seems to offer a pretty good going rate. For instance, in 2015, more than 1,000 people filed a lawsuit against Amazon, accusing the e-commerce giant of "misleading" the customers by selling " fake reviews of products".
  • Intel Helps Celebrate the Audi E-Tron with Spectacular Drone Show

    Intel Helps Celebrate the Audi E-Tron with Spectacular Drone Show

    Business

    All aim to expand the market for premium electric vehicles and also to grab share of that market from Palo Alto, California-based Tesla, which has had the niche largely to itself. It's not immediately known how much you'll shell out when available options are added. Called the E-tron Quattro, it's one of the most tech-focussed cars on the market with some truly unique features.
  • Trump imposes tariffs on $200B more of Chinese goods

    Trump imposes tariffs on $200B more of Chinese goods

    Business

    As hopes dim for an early end to the conflict, the likelihood grows that the two countries are moving toward some sort of commercial divorce. "Kevin Hassett, the chairman of Trump's Council of Economic Advisers, said he expected that US-China talks can still take place".
  • President Trump Slaps China With Additional $200 Billion Tariffs

    President Trump Slaps China With Additional $200 Billion Tariffs

    Business

    In a statement, the United States president said further tariffs worth $267bn (£203bn) will be placed on Chinese imports if Beijing takes "retaliatory action against our farmers or other industries". Speaking at the White House, Trump promised "some very positive news" and said that "it will be a lot of money coming into the coffers". "There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!" "So we've negotiated ...
  • Trump raises stakes with new round of China tariffs

    Business

    In a statement, the U.S. president said further tariffs worth $267bn (£203bn) will be placed on Chinese imports if Beijing takes "retaliatory action against our farmers or other industries". China is reviewing plans to send a delegation to Washington for fresh talks in light of the US action, the South China Morning Post reported on Tuesday, citing a government source in Beijing.
  • India to merge three state-owned banks

    India to merge three state-owned banks

    Business

    The idea of amalgamation was proposed by a Cabinet-approved Alternative Mechanism on bank mergers comprising Jaitley, Railways Minister Piyush Goyal and Defence Minister Nirmala Sitharaman after a meeting Monday. They were large in numbers and 2008-2014 became a peak lending period. And that took its toll on the economy. "It was only after 2015 that the real picture was known and the government and the RBI started taking concrete steps".
  • US$200 billion in Chinese goods officially 'Tariffed!'

    US$200 billion in Chinese goods officially 'Tariffed!'

    Business

    The effect of the 10 percent tariffs will gradually show up in China's fourth-quarter data, and the full impact of the total 25 percent tariffs is expected to be felt next year, dragging down China's gross domestic product (GDP) growth rate by 0.83 percentage point, Citi analysts wrote in a note.
  • Coca-Cola reportedly considering cannabis-infused drinks

    Coca-Cola reportedly considering cannabis-infused drinks

    Business

    Still, it's unlikely that a major company like Coca-Cola would offer a product infused with CBD in the United States until the federal law changes, said Kris Krane, president of 4Front, a firm that advises companies on the legalities of marijuana and an expert on cannabis law.
  • Ose $200 billion in tariffs on China from September 24th

    Business

    The administration's proposal for the tariffs on US$ 200 billion (S$247 billion) of products drew protest from technology companies earlier this year, but the final list of taxed devices described by the official avoids many big consumer brand names and products.
  • Meredith Corp to sell Time media brand to Benioffs

    Business

    The proposed sale is expected to close within 30 days. Almost eight months after Meredith Corp. completed its purchase of Time Inc ., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff , co-founder of Salesforce.com, and his wife Lynne Benioff .
  • Oil prices gain as market tests $79 Brent

    Oil prices gain as market tests $79 Brent

    Business

    Saudi Arabia and Russian Federation recently agreed to step up production in the face of U.S. sanctions against Iranian crude barrels. Reuters reported that India's oil ministry informed companies to prepare for a drastic reduction of oil imports from Iran come November, possibly reducing imports from the country down to zero.
  • Sewing needles have been found DELIBERATELY hidden inside strawberries

    Sewing needles have been found DELIBERATELY hidden inside strawberries

    Business

    The supplier, police and health and safety officials have also been contacted. Aaron said at first they thought it could have been an accident - but quickly realised the needle must have been put there maliciously. Authorities issued urgent warnings for any Australian customers who had purchased strawberries within the last week to return their products to the point of purchase or throw them out.
  • US officials call teen vaping 'epidemic,' weigh flavor ban

    US officials call teen vaping 'epidemic,' weigh flavor ban

    Business

    The agency remains committed to the tobacco framework, Gottlieb told staffers Wednesday, but he acknowledged that it "didn't predict what I now believe is an epidemic of e-cigarette use among teenagers". The Vapor Technology Association, which says it represents over 600 vaping manufacturers and distributors, also supports limiting teen access, but added that the new actions by the FDA ventured "into risky territory" by not being in the best interest of public health.
  • Australia's Queensland on the hunt for strawberry saboteurs using needles

    Business

    Australians have also been warned to cut strawberries before eating them. Reports out of three Aussie states have strawberry lovers checking their fresh fruit carefully. "If you stop picking them for a few days then they stop producing fruit, so we're trying to weather out this storm and hope that things get better, but to do that it's costing".
  • Oil Slips as Economic Concerns Counter Tightening Supplies

    Oil Slips as Economic Concerns Counter Tightening Supplies

    Business

    U.S. West Texas Intermediate (WTI) futures were up 41 cents at 69.00 a barrel after dropping 2.5 percent on Thursday. The market tumbled early in the session as investors focused on the bearish elements of the IEA report, said Bob Yawger, director of energy futures at Mizuho in NY.
  • Jeff Bezos Pledges $2 Billion Toward Education and Homelessness

    Jeff Bezos Pledges $2 Billion Toward Education and Homelessness

    Business

    There will also be full scholarships for Montessori-inspired preschools in "underserved" communities, he said. Some activists and politicians have partly blamed the city's problems on Amazon . Mr Bezos, who operates the Blue Origin space rocket project and who owns the Washington Post newspaper, has given donations to a scheme to help the children of immigrants, cancer research, and Princeton University.
  • Canadian farmers say they will not accept dairy concessions in NAFTA talks

    Canadian farmers say they will not accept dairy concessions in NAFTA talks

    Business

    Former federal Canadian trade official Matthew Kronby said the reported American demands indicate to him that the White House doesn't really want to strike a deal with Canada. Wednesday was the first day that negotiations between the two countries resumed after four intensive days of talks last week ended without a deal on Friday after the mood soured.
  • Trump Makes False GDP Claim, Reports 'Fox Business'

    Trump Makes False GDP Claim, Reports 'Fox Business'

    Business

    Mr. Trump made clear he does not plan to surrender to his predecessor easily. The first two numbers are correct, although they measure completely different things, and in different ways. Moore said the economy was slowing down dramatically at the end of Obama's second term and that the current growth started as "a result of the fact that Obama and Clinton were not going to be office anymore".
  • Mandatory evacuations ordered for entire SC coastline ahead of Hurricane Florence

    Mandatory evacuations ordered for entire SC coastline ahead of Hurricane Florence

    Business

    Hurricane Florence intensified to a Category 4 hurricane on Monday as it barreled towards the US East Coast, where millions of people are bracing for potentially devastating winds and water later this week. "Life-threatening flash floods" are now being predicted as the storm brings "very heavy, prolonged rainfall " across a large portion of the Carolinas and mid-Atlantic, said a tweet from the National Hurricane Center.
  • Upward journey continues - petrol touches Rs.90.11 in Maharashtra

    Upward journey continues - petrol touches Rs.90.11 in Maharashtra

    Business

    However, a transport department official said the DTC buses and cluster buses were running as usual and no reports of disruption were received so far. Law minister Ravi Shankar Prasad on Monday blamed Organization of Petroleum Exporting Countries ( OPEC ) for the surge in global prices of crude and said that the solution for the fuel price hike in not in government hands.