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Business

On the lettings market, the demand for rented properties was firm, with more chartered surveyors in the survey saying they had seen an increase in demand from tenants. "There are, of course, regional variations, and there are some notable hotspots". But, average prices in the capital remain high at £485,000. London shows the most negative trends in terms of prices, with downwards movement also across the wider south-east.
  • Police say road rage led to shooting that killed boy, wounded 3

    Police say road rage led to shooting that killed boy, wounded 3

    Business

    The suspect, Jeremy John Webster, was later arrested without incident near Interstate 25 and Meadows Parkway in Castle Rock. Jeremy Webster, 23, has been accused of shooting four people - two children and two adults - in the Cedarwood Square office complex in Westminster, according to police.
  • Canadian dairy farmers seek trade protections as Trump demands concessions

    Canadian dairy farmers seek trade protections as Trump demands concessions

    Business

    MacNevin said all Canadian dairy producers - there are about 165 in P.E.I. - are united in their support for the country's system. The Canadian government does not subsidize (dairy). Easter was part of a committee in the late 1990s that made the use of those hormones illegal in Canada. The U.S.is not seeking dismantlement of supply management, just greater access and the end of a Canadian system of pricing milk protein ingredients that is undercutting global prices, said Tom Vilsack, chief ...
  • Plumber wins case to defend his workers rights

    Plumber wins case to defend his workers rights

    Business

    The business, founded by entrepreneur Charlie Mullins , has been told that a plumber who was on its books as self-employed was entitled to benefits such as holiday and sick pay . It is surprising that the Supreme Court didn't offer any further commentary on this area of the law, given the number of high profile cases in the previous year, the Taylor Report and its own acknowledgment of the complexity, which leads to more litigation.
  • Theranos Founder Holmes, Ex-President Charged With Fraud

    Theranos Founder Holmes, Ex-President Charged With Fraud

    Business

    Prior to being charged with fraud, Theranos also went through some serious financial troubles , laid off hundreds of employees and was hit with multiple lawsuits . Starting in 2013, the Justice Department's indictment alleges, Holmes and Balwani started making grand claims about the company and its technology to investors that were false or misleading.
  • Kentucky attorney general sues Walgreens over opioid distribution

    Kentucky attorney general sues Walgreens over opioid distribution

    Business

    Kentucky is suing Walgreens for allegedly contributing to the state's opioid epidemic. He further argued that the company "disregarded and overrode its own safeguard systems" by raising the limit on opioid orders and then filling these orders without reporting or stopping the suspiciously large orders in its Kentucky pharmacies.
  • Regional American Airlines carrier cancels 100s of flights

    Regional American Airlines carrier cancels 100s of flights

    Business

    You can also track flights on GSP's website . One unhappy mother set the scene in a tweet: "So missed flight, clothes soaked in breastmilk, missing luggage, in serious pain, no place to sleep, screaming baby in another state". Around 2:45 p.m. the company tweeted about having a technical issue that was impacting several of their digital operating systems, including their mobile app and self-service kiosks at the airport where passengers can usually check-in and get boarding passes.
  • McDonald's to scrap plastic straws in United Kingdom and Ireland

    Business

    The fast-food chain is nixing plastic straws and moving to paper in all of its Ireland and United Kingdom restaurants in what the UK's environment secretary calls a "significant contribution" to going green, the BBC reports . 'We all have a responsibility to our environment and this simple yet effective initiative is a fine example to other large businesses, ' he said. Only 1% are recycled, largely because they are made of a mixture of polypropylene and polystyrene.
  • Oil slips on strong dollar as key OPEC meeting looms

    Oil slips on strong dollar as key OPEC meeting looms

    Business

    Also, they don't have official limits on their output as part of the OPEC deal, so there is little upside for them in supporting production increases from other countries. Opec output was last lower in April 2017 at 31.85 mbd, the last month before West African producer Equatorial Guinea became its newest member. Beyond changes in the supply-side, strong demand has been supportive of oil prices.
  • SEC Director Says Ether Is Not a Security — Newsflash

    SEC Director Says Ether Is Not a Security — Newsflash

    Business

    The statements are the latest in a long line of remarks that have found various regulatory officials opining on whether the nature of the sale in which ether was issued made it subject to US securities laws. Also if the investors in the cryptocurrency have an expectation of profits the asset could be classed a security. Bitcoin has always been viewed by market participants as a commodity, which falls under the auspices of the Commodities and Futures Trading Commission.
  • Trump to discuss tariffs on Chinese imports with aides

    Trump to discuss tariffs on Chinese imports with aides

    Business

    The dollar value of the goods the Trump administration expects to target is unclear. Trump met Friday with several Cabinet members and trade advisers and was expected to impose tariffs of at least US$35 billion ($50.2b) to US$40b on Chinese imports, according to an industry official and an administration official familiar with the plans.
  • Russia World Cup ready to kick off with grand opening ceremony

    Russia World Cup ready to kick off with grand opening ceremony

    Business

    Putin then reached over to shake the prince's hand. Cheryshev chipped the ball over two Saudi defenders in the 43rd minute and shot over goalkeeper Abdullah Al Muaiouf's right side. Petersburg previous year, including the opening and final matches, Tass reports. Golovin is the young star of this Russian Federation team, and the CSKA midfielder was impressive against the Saudis, but Dzagoev's class and experience will be a key loss if he fails to recover in time for the remaining Group A ...
  • Musk company to build Chicago-to-O'Hare express transport

    Musk company to build Chicago-to-O'Hare express transport

    Business

    The company will build and operate a "Loop", one of its new high-speed transit system ideas. The Boring Company is on its way to Chicago. At the company's annual shareholder meeting earlier this month, Musk said he expected the Palo Alto, California, company to post a quarterly profit during the July-September period.
  • Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

    Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

    Business

    In Hawaii, the state with the most expensive housing, one would have to make $36.13 - about $75,000 a year - to afford a decent two-bedroom apartment. It shows residents would need to earn at least $27 an hour to live in the code area that includes the Lower Garden District, much of the Central Business District and part of the Garden District, for example, while they'd need about $19.42 hourly to live in the ZIP code that includes the Lower 9th Ward, Holy Cross, Bywater and parts of Marigny ...
  • Tesla's August Autopilot update will begin to enable

    Tesla's August Autopilot update will begin to enable "full self-driving features"

    Business

    Musk said that the autopilot issue during lane-merging is better in the current software and would be fully fixed in the August update. Musk announced the SpaceX package on Tuesday at Tesla's annual shareholder meeting. Tesla's documentation on its website about the "full self-driving capabilities" package says that it is not possible to know exactly when each element of the functionality will be available, as this is highly dependent on local regulatory approval.
  • Saudis, Russia to Talk Output Boost Ahead of OPEC Summit

    Business

    Trump's grousing follows reports suggesting the oil exporters group was already planning to open the spigots, an outcome the International Energy Agency hinted at in its monthly report released earlier Wednesday. The IEA meanwhile warned that whatever the outcome of the meeting, "the market will be finely balanced next year, and vulnerable to prices rising higher in the event of further disruption".
  • Apple could launch an affordable iPhone X this year: KGI Securities

    Apple could launch an affordable iPhone X this year: KGI Securities

    Business

    Let's get straight to it. Apple is supposed to follow a similar setup, however, Apple can also go with some new triple camera setup feature. If you ask consumers which of the expected three new Apple iPhone models they are looking forward to seeing in September, most will say that the new "Plus" handset is the one that piques their interest.
  • Tesla cuts 9 percent of workforce in bid to post profit

    Tesla cuts 9 percent of workforce in bid to post profit

    Business

    He noted that the cuts will not affect Tesla's ability to reach targets for producing the Model 3. Mr Musk said, that a "difficult, but necessary" reorganisation was underway. The share purchases could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla . A spokesman said it would reduce overall employment back to around 37 000 - roughly in line with numbers at the end of past year.
  • Federal Reserve raises interest rates

    Federal Reserve raises interest rates

    Business

    Economists said the Fed left little doubt that it's prepared to increase the pace of its credit tightening to guard against high inflation later on. In its quarterly Summary of Economic Projections, officials projected the Fed's preferred inflation measure will accelerate only slightly, ending this year at 2.1 per cent rather than 1.9 per cent, and holding at that level through 2020.
  • Achilles the cat becomes official soothsayer for Russian World Cup

    Business

    Seventeen sites across the United States will host, including Philadelphia and East Rutherford, NJ, which will host the 2026 World Cup Final at MetLife Stadium. "I think if we plan well with a program to arrive at 2026, I think Mexico has a good chance of winning the cup", he said. Pre-World Cup training camps, albeit depending on the stature of the national teams, are usually elaborate operations featuring highly paid pro players who gather with their national sides about a month before the ...
  • Italy Summons French Envoy After Macron Blasts Refusal to Accept Migrant Ship

    Business

    Salvini, who is also deputy premier and the leader of the anti-immigrant Lega party, called on France to apologise and said he was not prepared to take criticism from a country which regularly stopped migrants on their shared border. Sophie Beau said Wednesday in a news conference in Marseille, France, "it's a relief for everyone, our teams and of course above all for the survivors to know that they are finally allowed to head to a safe port in Europe".
  • Patent suggests AI learning could be used to identify drunk Uber passengers

    Patent suggests AI learning could be used to identify drunk Uber passengers

    Business

    Uber has filed a patent ( spotted by CNN ) for a system that uses AI to identify drunk passengers. Uber drivers could soon know if you are drunk before you have even been picked up. WTF?! Ask any Uber driver, or taxi driver, for that matter, what the worst part of their job is, and many will say it's dealing with drunken passengers.
  • USA consumer prices increase as expected in May

    USA consumer prices increase as expected in May

    Business

    The inflation is back in the United States, with the headline Consumer Price Index (CPI) rising 2.8% over the year in May, approaching 3% level. The past inflation is rising, but the question is how sustainable and how persistent the inflation in the United States is as transport, tobacco, and housing items were the main upside contributors to the United States inflation in May.
  • Korea no longer nuclear threat, tells Americans to

    Korea no longer nuclear threat, tells Americans to "sleep well"

    Business

    Trump has his critics around the world but the fact he has become the first US President to secure a meeting with a North Korean leader will go down in history. Trump, seemingly unprompted, has long wanted to withdraw the US from South Korea, and now he may have found a reason. -South Korea military exercises could be put back on if talks with Pyongyang do not progress.
  • Fed raises interest rates again

    Fed raises interest rates again

    Business

    Negative for gold though is that the central bank also forecasts tame inflation pressures throughout year. After two rate hikes in 2018, investors are focusing on the Fed's updated projections for increases during its remaining meetings for the year.
  • Bitcoin's soaring value down to manipulation, scientists claim

    Bitcoin's soaring value down to manipulation, scientists claim

    Business

    That's according to explosive new research from University of Texas finance processors John Griffin and Amin Shams, best known for identifying suspicious activity in the VIX previous year. The published study states that the researchers used "algorithms to analyze the blockchain data, we find that purchases with tether are timed following market downturns and result in sizable increases in bitcoin prices".
  • Rising fuel prices spur inflation in May

    Business

    The committee which sets interest rates at the Bank of England will consider the latest inflation figures when it meets next month. The Federal Reserve on Wednesday is widely expected to raise USA rates for the second time this year. Inflation has slowed from 3.1 percent at the end of last year and the BOE expects inflation to average 2.4 percent this quarter, with further interest-rate increases needed to bring the rate back to the 2 percent target over the next three years.
  • Uber wants to patent technology to detect drunk riders

    Uber wants to patent technology to detect drunk riders

    Business

    While the patent doesn't go into details about what exactly abnormal behavior is, the language of the report implies drunkenness and fatigue. A drunk user can also jumble with words while typing and the typing speed may not be as fast as that of any sober user.
  • Wetherspoon to stop selling champagne ahead of Brexit

    Wetherspoon to stop selling champagne ahead of Brexit

    Business

    Martin accused the EU customs union of being a "protectionist system" which is "widely misunderstood". He said that he intends to find a replacement for prosecco from the United Kingdom or new world countries which include Argentina, Australia, Chile, New Zealand, South Africa and the US.
  • Oil prices drop as supplies increase

    Business

    Brent crude was trading at $75.83 per barrel, while the US WTI was valued at $66.31. OPEC and Russian Federation decided together in 2016 to cut their supply in order to push prices up following a crash in prices induced by a global crude production glut.
  • Local In-N-Out Burger restaurants remain closed for 2nd day

    Local In-N-Out Burger restaurants remain closed for 2nd day

    Business

    The burger chain's restaurants in Texas will reopen on Wednesday, June 13, after their new shipment of hamburger buns arrived late Tuesday afternoon, according to sources close to the situation. "At In-N-Out Burgers, we have always served the highest quality food with no compromise. There was and are no food safety concerns", the company said Monday.
  • Guess Founder Paul Marciano To Resign After Investigation Into Improper Conduct

    Guess Founder Paul Marciano To Resign After Investigation Into Improper Conduct

    Business

    After the findings were presented to the Guess board on June 7, Marciano told board members he would be resigning and his brother, Maurice, would take over his duties. "Numerous allegations could not be corroborated", the filing added. The allegations first became public when model Kate Upton said in a Time magazine interview that Paul Marciano grabbed her breasts during a Guess photo shoot almost eight years ago.
  • Dixons Carphone reveals data breach affecting 5.9 million customers

    Dixons Carphone reveals data breach affecting 5.9 million customers

    Business

    The latest incident also potentially exposed the personal details of 1.2 million people (name, address, email address), leaving customers more exposed to potential phishing attacks as a result. Again, Dixons said there was no evidence that it had resulted in any fraud. "As a multinational organisation, Dixons Carphone would have been well aware of the Target breach".
  • CFTC Demands Crypto Exchange Data In Market Investigation

    CFTC Demands Crypto Exchange Data In Market Investigation

    Business

    The investigation started after CME launched bitcoin futures contracts. The dispute saw the regulator launch an investigation into whether traders were colluding to manipulate bitcoin's price. The lack of an enforceable agreement between CME and the exchanges allegedly vexed the CFTC. Jesse Powell, Kraken's chief executive, released a statement Friday claiming that the CFTC's "newly declared oversight" is causing the exchanges to question their index participation.