Money

Money Qatar Airways CEO booed after saying a woman couldn't run his airline
Author: 0 Qatar Airways CEO booed after saying a woman couldn't run his airline

Qatar Airways posted the apology to its Twitter account on Wednesday. United States and some European airlines have accused Gulf carriers of unfair competition based on subsidies and social policies, but Walsh - whose group counts Qatar Airways as a shareholder - said he believed Gulf airlines competed on an equal footing.

Money Elon Musk to remain Tesla chairman after shareholder vote
Author: 0 Elon Musk to remain Tesla chairman after shareholder vote

Musk said at Tesla's annual shareholder meeting near the company's Palo Alto, Calif., headquarters. A consumer data research organization recently suggested that customers are increasingly requesting refunds on their Tesla orders . Concerns about Tesla's ability to meet demand had weighed on the company's stock in recent months. He also repeated his contention that Tesla is on target to show positive net income and cash flow in the third and fourth quarter.

Money Trade war: What you missed over the weekend
Author: 0 Trade war: What you missed over the weekend

Theresa May has told Donald Trump that United States tariffs on European Union steel are "unjustified and deeply disappointing", speaking by phone with the American president for the first time since the levies were imposed last week.

Money France Welcomes Merkel's Response to Macron's EU Reform Project
Author: 0 France Welcomes Merkel's Response to Macron's EU Reform Project

She says Germany has an interest in safeguarding Europe's ability to act and making its voice heard, at a time when the global order is changing, including the role of the United States. Merkel's proposals appeared to be somewhat more cautious, but with many points of agreement with her closest European ally. Together with the Commission, two pillars to ensure stability in the euro zone.

Money Is four hours enough to tackle racial bias?
Author: 0 Is four hours enough to tackle racial bias?

Heather McGhee, president of Demos who was an unpaid adviser to Starbucks for the program, said Schultz prided himself on putting Starbucks on what he saw as the right side of social issues. Starbucks has said Tuesday's sessions are "a step in a long-term journey". "We need to have the conversation". Some black coffee shop owners in Philadelphia are suggesting black customers instead make a habit of patronizing their businesses.

Money Dog found dead after cross-country Delta flight, family wants answers
Author: 0 Dog found dead after cross-country Delta flight, family wants answers

Delta told WXYZ-TV that a flight attendant checked on the dog about 6 a.m. The 8-year-old Pomeranian's body was found inside his crate in a cargo facility. "They started with this, 'Well you can have the dog back if you do this or this, ' but that's our dog", he said. Delta is now investigating the incident.

Money It could be you: €4.3m Lotto jackpot won in Limerick
Author: 0 It could be you: €4.3m Lotto jackpot won in Limerick

The chances of winning one of the jackpot prizes is 1 in 28.6 million and the chance of winning any Lotto Max prize is 1 in 6.6. Marie, Toronto the Sault Ste. A ticket purchased in Sudbury won $1 million, while another bought in the Thunder Bay area won $500,000. The winning numbers in this weekend's draw were 1, 7, 10, 17, 35, 37 and the bonus number was 43.

Money Asian markets track European losses, strong yen hits Nikkei
Author: 0 Asian markets track European losses, strong yen hits Nikkei

Investors were happy to buy the debt but yields were significantly lower compared to the last time it auctioned similar bonds. Banks and technology companies led the way lower on Wall Street. Yields on Italian government bonds soared as their prices declined. Speculation the European Central Bank could intervene in an attempt to calm markets has mounted as political parties in Italy failed to form a government and the potential for a euro exit emerged in recent days.

Money Howard Schultz stepping down as Starbucks chairman
Author: 0 Howard Schultz stepping down as Starbucks chairman

Schultz is credited with expanding Starbucks from a Seattle-based coffee chain to an global conglomerate with over 28,000 stores. "I want to be truthful with you without creating more speculative headlines", Schultz, said in an interview with The New York Times .

Money Trudeau calls U.S. viewing Canada as national security threat 'simply ridiculous'
Author: 0 Trudeau calls U.S. viewing Canada as national security threat 'simply ridiculous'

Trump ", Mr. Navarro said on Fox's "Sunday Morning Futures". Sensing he was losing leverage, Trump ripped up that playbook and moved to impose the steel and aluminum tariffs immediately. "They must open their markets and take down their trade barriers! Yes, but everyone is showing up", said the official, who requested anonymity given the sensitivity of the situation.

Money Microsoft is said to have agreed to acquire coding site GitHub
Author: 0 Microsoft is said to have agreed to acquire coding site GitHub

GitHub says that as of March 2018, there were 28 million developers in its community, and 85 million code repositories, making it the largest host of source code globally and a cornerstone of how many in the tech world build software. Others wondered about Microsoft's renewed power in software, particularly since Microsoft also owns LinkedIn, potentially giving it a huge leg up in the field of technical recruiting .

Money Moody's Cuts India's GDP Forecast To 7.3% From 7.5%
Author: 0 Moody's Cuts India's GDP Forecast To 7.3% From 7.5%

Moody's said downside risks to growth stem from emerging markets turmoil, oil price increases and trade disputes. If the poll is right, January-March would have the fastest expansion since before the government's surprise decision in November 2016 to scrap high-value currency notes and a botched implementation of a goods and services tax ( GST ) in July past year stalled growth.

Author: 0 Visa payment system hit by outage in Europe

Across the United Kingdom and Europe , lines began to form at gas stations as frustrated drivers were unable to pay for their gas after filling up. Visa added: 'The issue was the result of a hardware failure. As declared, they are investigating the cause, and the resolving of the problem is in process. Banks including Natwest have advised customers that they should still be able to access cash from ATMs, while other cards such as Mastercard and American Express continue to work as ...

Money Saudi Arabia says 17 detained in sweeping crackdown
Author: 0 Saudi Arabia says 17 detained in sweeping crackdown

The prince's disappearance was linked with the "attempted coup" which took place at the royal palace in the neighbourhood of Khuzama in Riyadh on April, 21. The two leaders reflected on the success of the Crown Prince's visit earlier in the year and on the positive discussions they had during his stay. Abdullatif bin Abdulaziz bin Abdulrahman Al Sheikh, another member of the Al Sheikh family, was appointed to succeed him.

Money Going it alone: US alienates allies before taking on Beijing
Author: 0 Going it alone: US alienates allies before taking on Beijing

The American Chamber of Commerce in China said Wednesday that foreign companies welcome Chinese leaders' promises to ease restrictions but said they have yet to follow through on earlier pledges . Investors monitor stock prices at a securities company in Shanghai, May 30. Mr Christopher Rogers, a trade analyst at Panjiva, an worldwide commerce data firm recently acquired by S&P Global Market Intelligence, estimated that the tariff cuts would cover about 1.1 per cent of China's US$1.95 ...

Money ECB source: Deutsche Bank making progress on turnaround
Author: 0 ECB source: Deutsche Bank making progress on turnaround

Deutsche Bank said the recently announced strategic shift was not the result of the regulatory actions but part of a programme to increase the profitability of the firm. IF YOU'RE at Deutsche Bank AG and haven't already been fired, you're likely to find out next month if you will. Finally, Zacks Investment Research upgraded shares of Deutsche Bank from a "strong sell" rating to a "buy" rating and set a $16.00 price target on the stock in a research report on Wednesday, April 18th.

Author: 0 Google to scrub U.S. military deal protested by employees

Diane Greene , the chief executive in charge of Google's cloud businesses, told employees during a morning meeting that the company won't seek another contract for the Pentagon partnership, three sources told the tech website. As Google ventures into new territory, a group of nine people are working on a set of ethical guidelines for any future military contracts. Google didn't immediately respond to a request for comment.

Money Fiat Chrysler to Form U.S. Finance Arm; in Talks With Santander
Author: 0 Fiat Chrysler to Form U.S. Finance Arm; in Talks With Santander

Given the cost, a full buyout "is a low probability", he said, adding "we would be buyers" of Santander based on the news. "We (Alfa) will launch a sports auto in every segment, including C- (compact utility vehicle) UV, and full-size UV", Kuniskis said at Fiat Chrysler's Five Year Plan/Capital Markets Day at Alfa's test track facility outside Milan.

Money Two Louisiana Kmart, Sears stores among closures nationwide; see locations
Author: 0 Two Louisiana Kmart, Sears stores among closures nationwide; see locations

This latest round of Sears store closures comes roughly two weeks after the company said it would be closing 40 other stores in 24 states. The company says liquidation sales for this round will begin as early as June 14. Sears now has $5.2 billion in debt, up from $4.2 billion a year ago. Amazon began selling Sears's Kenmore brand of ovens, washers and other appliances a year ago.

Author: 0 Fed says Deutsche, NYC’s most active CRE lender, is "troubled"

It could be hard for a bank which has a business on the "troubled" list to pass the scenarios, said a person familiar with the tests who was not authorized to speak publicly. "Deutsche Bank intends to vigorously defend those charges". Given this is a legal matter, we will not be providing any further comment at this time.

Money Ticketfly Goes Offline Following Hack Attack
Author: 0 Ticketfly Goes Offline Following Hack Attack

Ticketfly distributes shows to New Orleans venues including the Civic Theatre, Joy Theater, Republic NOLA, The Metropolitan, Three Keys at the Ace Hotel and more. Our ticketing company Ticketfly is working dilligently to get it back up and running. The site's abrupt downtime caused issues with bars and event organizers selling tickets through the Ticketfly service.

Author: 0 Google Will Not Renew Pentagon Contract That Upset Employees

Gizmodo reports Google Cloud CEO Diane Greene informed employees in a meeting today that the company would continue work through the end of the current contract, sometime in 2019, but no further. In the message to Google's Head of Defense and Intelligence Sales Scott Frohman, she reportedly said: "Avoid at ALL COSTS any mention or implication of AI".

Money Southwest Flight Diverted by Passenger Sneaking a Smoke
Author: 0 Southwest Flight Diverted by Passenger Sneaking a Smoke

Meanwhile, at Long Beach, Southwest temporarily picked up two flight slots after JetBlue Airways announced it was scaling back service at the airport. The social media post said fares will start as low as $89 per person one way. So, she said, the assignment of the flight slots to Southwest can only be temporary.

Money SoftBank invests $2.25 bn in GM's self-driving cars
Author: 0 SoftBank invests $2.25 bn in GM's self-driving cars

With this infusion of almost $3.5 billion, GM says this will help its Cruise unit reach commercialization by 2019. Uber has its own self-driving ambitions, but after a high-profile, fatal accident in Arizona earlier this year, the company has suspended most of its self-driving testing on public roads.

Money San Francisco subpoenas Uber, Lyft on driver classification
Author: 0 San Francisco subpoenas Uber, Lyft on driver classification

San Francisco's city attorney on Tuesday subpoenaed Uber Technologies Inc [UBER.UL] and Lyft Inc to turn over records relating to how the ride-hailing companies classify drivers, as well as driver wages, health care and other benefits, the latest demand in a year-long investigation.

Money Italy government: Giuseppe Conte again asked to be PM
Author: 0 Italy government: Giuseppe Conte again asked to be PM

On Thursday evening President Sergio Mattarella gave a mandate for the second time to Giuseppe Conte - the populist's pick for prime minister . Moavero, former European Union minister in the Monti and Letta governments, is expected to keep tabs on Savona who was initially rejected by Mattarella because of his anti-euro and anti-Germany views, and replaced as economy minister by a less Euroskeptic economist, Giovanni Tria .

Author: 0 Unemployment down to 3.8 percent

The strong employment report added to a string of upbeat economic data , including consumer spending, industrial production and construction spending, that have suggested economic growth was regaining speed early in the second quarter after expanding at a moderate 2.2 percent annualized rate in the January-March period.

Money Why Will No One Take Warren Buffett's Gosh-Darned Money?
Author: 0 Why Will No One Take Warren Buffett's Gosh-Darned Money?

The investor, who is one of the world's wealthiest people, confirmed during an interview late Wednesday with broadcaster CNBC that he held talks with Uber . Uber is a technology company that, compared to Apple, is small and startup-y . Buffett has recently struggled to find sizable attractive buys. Uber is now in the middle of a fundraising spree ahead of the ride-sharing app's expected initial public offering, which is set to happen in 2019 and will doubtlessly be one of the biggest ...

Money Italy's Political Volatility: What You Need To Know
Author: 0 Italy's Political Volatility: What You Need To Know

Among industrial companies, construction equipment maker Caterpillar shed 1.7 percent to $153.27 and farm equipment maker Deere fell 2.7 percent to $154.78. "This should keep the risk trades pressured to the downside", Nick Twidale, Sydney-based analyst at Rakuten Securities Australia. The financial crisis that would ensue would put us back significantly.

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