Business

The yield on 10-year Italian government bonds increased significantly as investors, spooked by the political uncertainty , dropped them in favor of safer assets. In early trading on Wednesday, Japan's Nikkei 225 Index fell 374.17 points, or 1.67 percent, to 21,984.26, while Hong Kong's Hang Seng Index fell 375.21 points, or 1.23 percent, to 30,109.37.
  • Oil prices fall as top three producers look to boost supplies

    Oil prices fall as top three producers look to boost supplies

    Business

    OPEC oil producers and Russian Federation are due to meet in Vienna on June 22 to discuss easing supply curbs that have helped drive world oil prices to $80 a barrel. Last week, OPEC Secretary General Mohammed Barkindo said President Trump's prodding had inspired the idea of upping oil output. "We respect all the member countries".
  • CIBC’s Simplii says ‘fraudsters’ may have breached as many as 40,000 accounts

    CIBC’s Simplii says ‘fraudsters’ may have breached as many as 40,000 accounts

    Business

    On Sunday, the bank received a claim from the alleged perpetrators that they had breached Simplii's customer data, and "began investigating to understand the claim and verify its accuracy". The information included names, account balances, dates of birth and the answers to three security questions needed to validate the account owner. Shares in BMO were down 0.3 percent and CIBC was off 0.3 percent.
  • Starbucks to close early for company-wide diversity training

    Starbucks to close early for company-wide diversity training

    Business

    Johnson declined to elaborate on the details of the Starbucks training. A session can include personal reflections, she said, such as, "I was socialized to think about a group this way". The company has asked employees to follow established procedure when dealing with "disruptive behaviors", and are still asked to call 911 in case of "immediate threat or danger" to customers or employees.
  • Reboot routers to stop malware attack

    Reboot routers to stop malware attack

    Business

    According to the Federal Bureau of Investigation, they "recommend homes and businesses reset routers". Meanwhile, they say users of their products should keep their devices updated with the latest firmware, and change their router's default admin password.
  • Furious leaders in Italy call for fresh elections

    Business

    He was speaking after Mr Mattarella requested that Mr Cottarelli try to form a technocratic caretaker government in preparation for elections next year. Italian Premier-designate Giuseppe Conte (C) is approached by journalists as he leaves his home, in Rome, May 24, 2018. The president said Conte refused to support "any other solution" and faced with Mattarella's refusal to approve Savona gave up his mandate to be prime minister.
  • Petrol, diesel prices hiked for 16th straight day

    Petrol, diesel prices hiked for 16th straight day

    Business

    On May 15, the price of petrol was increased by 17 paise a litre and that of diesel by 21 paise a litre in Delhi. Diesel in Kolkata and Chennai is being sold at Rs 71.86/litre and Rs 73.18/litre respectively. "We cannot force them to do so but can only request", he said. Petrol price in Delhi today is Rs 78.43 a litre while it is being sold at the rate of Rs 86.24 a litre in Mumbai.
  • Winning OLG tickets purchased in Markham, Woodbridge and Newmarket area

    Winning OLG tickets purchased in Markham, Woodbridge and Newmarket area

    Business

    More than 3.5 million tickets were sold in Quebec, or 20.8% of market share, according to the spokesman of Loto-Québec. - Two second prize-winning tickets, worth just over $117,000.00, were sold in London and Toronto. The chances of winning the main jackpot are one in 28 million, but recent history suggests a Quebecer may be the lucky victor. Two Maxmillions prizes, worth $500,000 each, were sold in Toronto and Sault Ste.
  • Russia Weigh a Supply Boost by Ending Excess Cuts

    Russia Weigh a Supply Boost by Ending Excess Cuts

    Business

    Brent crude futures also struggled on Friday, sliding 3 percent to close at $76.44 per barrel. Oil prices dropped by about $2 a barrel on Friday, falling further from recent 3½-year highs and putting the futures on pace for a weekly loss.
  • Jeff Bezos Announces The Expanse Is Moving to Amazon

    Jeff Bezos Announces The Expanse Is Moving to Amazon

    Business

    When I asked my first question at a fireside chat, set up during an awards banquet here at the National Space Society's International Space Development Conference, Bezos stopped me short. Syfy's The Expanse just got picked up by Amazon for its fourth season. They had hashtags like #SaveTheExpanse trending on Twitter, they put up an online petition that reached almost 140K signatures, and they even flew a banner over the Amazon studios and also launched a replica of the Rocinante ...
  • Summer travel kicks off with higher gas prices

    Summer travel kicks off with higher gas prices

    Business

    Sunday's high temperature in Sioux City was a scorching 101 degrees, while in Le Mars, Iowa, the temperature reached 102, and Sioux Center, Iowa, saw 103 degrees. They stopped in Roanoke to fill up with gas. This is an increase of 4.8 percent from past year and marks the highest Memorial Day travel volume since 2005.
  • Bank customers angry over tech outage

    Bank customers angry over tech outage

    Business

    BNZ's chief customer officer Paul Carter says the bank was working on how best to support people who were affected. "Every customer has the opportunity to come and talk to us about the impact they've had specifically on their business ", added Batchelor , when quizzed about possible compensation for businesses impacted.
  • Truckers blockade highways in Brazil, create fuel, food, hospital-care crisis

    Truckers blockade highways in Brazil, create fuel, food, hospital-care crisis

    Business

    The Brazilian Association of Meat Industry Exporters said dozens of meatpacking plants were idling because of the strike, and 1,200 containers carrying beef for export were not being loaded on ships each day. "We need all of you truckers to get back to work". The strike caused hundreds of public schools in several states on Friday to cancel classes, while roads in many cities were blocked and the Brasilia global airport said planes would only be allowed to land if they had enough fuel to ...
  • The FBI Says Your Router Is Helping Russian Hackers

    The FBI Says Your Router Is Helping Russian Hackers

    Business

    More than 500,000 routers have been infected, The Daily Beast reported on Wednesday. "Network devices should be upgraded to the latest available versions of firmware", the alert continued. According to Ars Technica , the VPN Filter malware is "one of the few Internet-of-things infections that can survive a reboot", because a persistent first stage of the infection can use automated remote systems to install or re-install its second or third stages.
  • Fight erupts aboard American Airlines flight

    Fight erupts aboard American Airlines flight

    Business

    Fellow passenger Bill Bolduc recorded video footage of the altercation and posted them on May 23 to YouTube. "You need to please sit down, I'm not bringing you more beers". "No, I don't want to chill", Felix said, his arms waving toward his former seatmate, his curses falling over each other. The videos show the train wreck unfold as a drunken Jason Felix argues with the flight attendant and then goes on to rain blows and spit blood on a fellow passenger during the flight.
  • Centre working on long-term solution to fuel prices: Pradhan

    Centre working on long-term solution to fuel prices: Pradhan

    Business

    Petrol was retailing at Rs 77.17 in New Delhi according to Indian Oil Corporation Limited's website while diesel price was at Rs 68.34. Instead, he plans on asking the state governments to reduce Value-Added Tax on petroleum products to bring relief in the prices while the Centre thinks over a long term solution.
  • Oil prices down more than 4.5 pct in 2 days

    Oil prices down more than 4.5 pct in 2 days

    Business

    Petersburg on Friday. Oil prices have risen to $80 per barrel, levels unseen since late 2014. The cartel began discussing whether to ease production cuts following Trump's tweet, according to OPEC Secretary General Mohammad Barkindo.
  • Netflix Passes Disney For Top Media Market Value, Hitting New Milestone

    Netflix Passes Disney For Top Media Market Value, Hitting New Milestone

    Business

    Disney retreated 0.8 per cent, closing with a market value of US$152.2 billion, according to data compiled by Bloomberg. Netflix remains much smaller than Disney in terms of its financials, and operates at a lower net margin. The company even announced a price hike for subscribers previous year, but that hasn't slowed its growth. Disney is ending its TV-window movie output deal with Netflix effective with 2019 theatrical releases - and instead, Disney will copy Netflix's model with a ...
  • Uber disabled emergency braking in self-driving car: U.S. agency

    Uber disabled emergency braking in self-driving car: U.S. agency

    Business

    The safety agency on Thursday said the vehicle's software detected the pedestrian six seconds before the collision, but initially believed the woman to be "an unknown object", then a vehicle and finally a bike. It didn't have a specific comment on the NTSB report. Also on Wednesday, Uber announced that it was pulling its self-driving operation out of Arizona .
  • State Group Hacked 500,000 Routers to Prepare a Cyber-Attack on Ukraine

    State Group Hacked 500,000 Routers to Prepare a Cyber-Attack on Ukraine

    Business

    Cisco has discovered about 500,000 infected devices, but believes the actual number may be much higher. Justice said that by seizing control of one of the domains involved in running VPNFilter, it will give owners of infected routers a chance to reboot them, forcing them to begin communicating with the now-neutralized command domain.
  • Coroner confirms body is that of missing boy

    Coroner confirms body is that of missing boy

    Business

    Marshburn flew into Wichita on early Wednesday morning. Marshburn told WPD investigators that Glass led him to the boy's body on Thursday. He said anyone with information related to the case should call police homicide detectives at 316-268-4181.
  • Elon Musk may have violated United States labor laws during tweet storm

    Elon Musk may have violated United States labor laws during tweet storm

    Business

    Predictably, Musk's tweet was met by a chorus of whiney knee-jerk reactions from so-called "journalists", including The Verge's Andrew J. Hawkins. "But why pay union dues and give up stock options for nothing?" The new versions will reportedly sell for up to $78,000-or more. In August, based on a separate UAW complaint, the NLRB found that Tesla had violated workers' rights by requiring them to sign a confidentiality agreement that could bar them from talking about their working ...
  • Service dog gives birth to 8 puppies at Florida airport gate

    Service dog gives birth to 8 puppies at Florida airport gate

    Business

    The Tampa Bay Times reports 2-year-old golden retriever Eleanor Rigby went into labor at Gate F-81 and birthed eight puppies - seven males and a female. It was hard to control the father of the puppies during the delivery. They missed the flight, and for the next three hours created a fuzzy spectacle as crowds gathered with phones trying to capture the scene.
  • Trump shifts stance on Korea summit

    Trump shifts stance on Korea summit

    Business

    The United States and North Korea have yet to call off a weekend meeting in Singapore between senior officials on both sides, despite uncertainties surrounding President Donald Trump's decision to cancel his summit with Kim Jong Un .
  • City jobs under threat as Deutsche Bank swings axe

    City jobs under threat as Deutsche Bank swings axe

    Business

    Following the error, Deutsche Bank designed an enhanced "bear trap" system, whereby all payments over a certain size were subjected to increased scrutiny, according to the person. Last month the bank said it would pare back U.S. bond trading, global stock trading and its business serving hedge funds. Germany's biggest lender is expected to announce a range of restructuring measures to coincide with its annual shareholder meeting on Thursday.
  • Will higher gas prices keep you from traveling this summer?

    Will higher gas prices keep you from traveling this summer?

    Business

    AAA Carolinas predicts more than 1.2 million North Carolinians will travel this Memorial Day weekend, with more than 1.1 million driving to their destinations. The decision sparked fears that renewed sanctions on Iran, the world's fifth-biggest oil producer, will sideline up to 1 million barrels per day of supply.
  • Canada blocks Chinese takeover of Aecon on security grounds

    Canada blocks Chinese takeover of Aecon on security grounds

    Business

    Perhaps most contentiously, CCCC's subsidiaries have been building artificial islands in the South China Sea, which Beijing has now effectively annexed in defiance of global rulings on the law of the sea. "From CNOOC (China National Offshore Oil Corporation) to Aecon, Canada's engagement with China must be carefully considered and always in Canada's national interest", he added.
  • Shoppers banned from Amazon for making too many returns

    Shoppers banned from Amazon for making too many returns

    Business

    Nissim, 20, still had $450 balance in his account that he had gotten from a gift card. "There are rare occasions where someone abuses our service over an extended period of time". While Amazon does occasionally send out email alerts about return activity, not everyone receives them first. Such abuses can include making too many returns; returning the wrong item or one that has been used; providing an unusual reason for a return; returning items that are prone to abuse such as TV and ...
  • Consumer groups claim Tesla's Autopilot feature is 'misleading' and 'deceptive'

    Consumer groups claim Tesla's Autopilot feature is 'misleading' and 'deceptive'

    Business

    Tesla reached a settlement agreement in a federal lawsuit alleging that it sold Autopilot features that weren't available and made its vehicles risky, according to court records released Thursday by the U.S. Police say data retrieved from the Model S show Lommatzsch did not touch the steering wheel for 80 seconds before the collision. She told police she was looking at her phone and comparing different routes to her destination.
  • May seeks new Brexit transition to 2023

    May seeks new Brexit transition to 2023

    Business

    There is now no "conditionality" on the payment of the £39bn bill being linked to a trade deal within the UK's draft withdrawal agreement, she added. MPs will vote later this year on the final withdrawal deal struck with Brussels before Brexit in 2019.
  • Dodd-Frank rollback will save bank 'tens of millions'

    Dodd-Frank rollback will save bank 'tens of millions'

    Business

    But the celebration at the White House was overshadowed by the president's decision to cancel a summit with North Korea leader Kim Jong-un over the communist country's increasingly hostile rhetoric toward the U.S. Heitkamp, who won her seat six years ago by only 3,000 votes, is facing a tight re-election race in a state Trump easily carried in the 2016 presidential race.
  • Fiat Chrysler recalling 4,800,000 vehicles over a defect

    Fiat Chrysler recalling 4,800,000 vehicles over a defect

    Business

    Fiat Chrysler noted that at times cruise control systems automatically initiate acceleration to help vehicles maintain driver-selected speeds, including when going up an incline. 'We have a remedy and a widespread network of engaged dealers who are preparing to deliver service. We urge customers to follow the instructions on their recall notices'.
  • Elon Musk plans to create a rating website for journalists and editors

    Elon Musk plans to create a rating website for journalists and editors

    Business

    Some of Musk's 21.8 million followers accused him of "trolling" the media, but the mogul hit back at accusations that he was like Trump. "Anytime anyone criticizes the media, the media shrieks 'You're just like Trump!'" Musk wrote. It helped Tesla command a 14.3 percent share of the total number of vehicles registered in the mid-size premium sedan segment. He threatened to create a site where the public could assign articles , journalists, editors and publications a "credibility score", ...
  • Musk Channels Caesar and Soviet Era Media in Latest Tweet Storm

    Musk Channels Caesar and Soviet Era Media in Latest Tweet Storm

    Business

    The name means truth in Russian. Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists' credibility, spurred by his frustration at media reports about the electric vehicle maker.
  • Uber shuts down Arizona self-driving program two months after fatal crash

    Uber shuts down Arizona self-driving program two months after fatal crash

    Business

    The Arizona Republic's Ryan Randazzo reported this morning that Uber had notified about 200 Arizona-based employees who worked with the self-driving cars that they were being terminated. It was the first known fatality involving a fully autonomous vehicle , which rocked the nascent industry. The ride-hailing firm said it has held talks with Californian officials about restarting public road tests in San Francisco and Sacramento.
  • Oil price retreats on potential supply boost

    Oil price retreats on potential supply boost

    Business

    At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 15, or 0.31 per cent, to Rs 4,898 per barrel in a business turnover of 3,452 lots. "These centres of consumption growth [are] likely to feel higher oil prices more keenly this time". Brent Crude fell to $76.43 per barrel and WTI Crude to $68.03 around 1545 GMT.
  • What Does GDPR Mean? When Does It Start? New Privacy Laws Explained

    What Does GDPR Mean? When Does It Start? New Privacy Laws Explained

    Business

    Codility is committed to helping hiring teams carry out their tech recruiting efficiently, effectively, and compliantly. GDPR classifies businesses into data controllers and data processors. The EU, being made up of lots of different countries, has a lot of rules around privacy and data collection and how data should be stored by companies not based in Europe .