Friday, 17 August 2018
Latest news
Home » Money


Visa card network crashes across UK, Europe

Some Visa transactions are not being processed due to a service disruption, the company has said. Right now, it seems like these problems are localized to the UK, Ireland and parts of Europe. AIB said it is aware of intermittent issues with AIB cards and is working to resolve the matter. Sandra Foy, who owns a bookshop in Manchester, northwest England, told Sky News television: "I run a small business and the loss of any business is a big deal for us". Read More »

EA Sports ran Federation Internationale de Football Association 18 World Cup simulation


Footballers will play better in-game when matched with teammates from the same nation, forcing players to get creative to make sure their team is as strong as possible. They also notch up regular assists which makes them a risky pair for the opponents. Al Ittihad beat Al Faisaly in the King's Cup final, winning after extra-time a game refereed by former Premier League official Mark Clattenburg. Read More »

National Doughnut Day Is Friday: Here's Where to Get a Free One


Burger King is cutting a hole out of its whopper and calling it a "flame-grilled donut". To get the deal, sign up or download the Android or iPhone app. Tasty Donuts will be offering free doughnuts to the first 500 customers on National Donut Day. As always, the deals are good at participating locations only and it's recommended you check with your location first. Read More »

USA imposing steel and aluminium tariffs on Canada


The Mexican measures, which target pork legs, apples, grapes and cheeses as well as steel, could hit farm states that are a bastion of support for U.S. "Throughout these talks, the USA has sought to use the threat of trade restrictions as leverage to obtain concessions from the EU", Malmstrom continued in a statement. Read More »

Tesla on autopilot crashes into parked police SUV in Laguna Beach


The collision happened at 11:07AM local time, Laguna Beach PD told the LA Times . The parked cruiser was unoccupied, the officer standing about 100 feet away off Laguna Canyon Road as he responded to a call. It also insists the accidents are primarily the result of human error, not the autopilot feature itself. The driver was traveling at 60 miles (97 km) per hour when the Model S smashed into a fire truck stopped at a red light, according to police. Read More »

New privacy law forces some US media offline in Europe


Second, PR. The world can now see exactly how careful countries are required to be when it comes to handling the personal data of European Union citizens. The company should explain to you the nature of the personal data breach and who to contact. "Strong data protection rules are the basis for a functioning Digital Single Market and for the online economy to prosper", he added. Read More »

Donald Trump to Naval Academy Graduates: 'America Is Back'


Both the NYT and the Associated Press also picked up on Trump's dubious math in this statement: "We have now the lowest number of ships that we've had since World War I, and very soon you're going to get to 355 attractive ships. He told graduates that "we have begun the great rebuilding of the USA military". The president also touted his administration's work in securing $700 billionfor our nation's "war fighters", and said we will have the strongest military ever. Read More »

U.S. must counter Iran nuclear move


Before arriving in Beijing, Zarif published a government statement on his Twitter page, slamming the "extremist administration" of US President Donald Trump for abandoning "an accord recognised as a victory of diplomacy by the worldwide community". Read More »

Suspect in Massive CIA Leak Identified


A NY prosecutor is expecting a grand jury to act within weeks against a former Central Intelligence Agency employee who is jailed on child pornography charges but may face further charges in a massive leak of cyber hacking tools . Lawyers for Schulte say dozens of people has access to the server he started in 2009. He said that the investigation was continuing, and that it involved in part how Tor, software that allows anonymous communication on the internet, "was used in transmitting ... Read More »

Tesla Driver in Utah Crash Says Autopilot Was Engaged


The 28 year-old driver admitted to looking at her phone before the crash, despite the company's mandate that customers remain alert while using Autopilot, and not rely on the system entirely. National Transportation Safety Board Keith Holloway said the agency is not yet investigating the matter. "To ensure that Tesla is well-prepared for the future, we have been undertaking a thorough reorganization of our company", Musk said in the memo , obtained by CNBC. Read More »

Gap Apologises For Flogging Shirts With Map Of China Bereft Of Taiwan


Gap has apologized to China after an image of a t-shirt on sale in Canada went viral. Taiwan's foreign ministry has asked Air Canada for a "speedy correction" following the airline's decision to list Taipei, the capital of Taiwan, as a part of China on its booking website, according to a statement from the ministry on Tuesday. Read More »

United States will help China's ZTE 'get back into business'


USA commentators say the tone of the tweet is a dramatic shift for Mr Trump, who has consistently accused China of stealing U.S. jobs. He said that the Commerce Department, the United States authority which has imposed the seven-year ban, had been told to "get it done". Read More »

BT to slash 13000 jobs - will Sevenoaks office be hit?


BT added that it would be hiring around 6,000 new employees "to support network deployment and customer service". It is just a year since BT announced 4,000 job cuts. BT is focusing on investing ultrafast broadband and to lead in 5G. Prospect, the union representing 140,000 public and private sector workers such as engineers and managers said the larger-than-expected cuts will be a "devastating blow" to its members and sounded "unrealistic". Read More »

United Kingdom customs partnership idea "crazy" says Boris Johnson


Customs union members can not negotiate their own trade deals outside the EU, which is why leaving it - while hopefully negotiating a bespoke arrangement - has been one of the government's Brexit goals. Mr Rees-Mogg, chairman of the European Research Group of Tory MPs, dismissed Mr Clark's warnings about the impact of rejecting the customs partnership. Read More »

Sterling falls after BoE holds rates, slashes growth forecasts

A lack of progress on Brexit and data from the British Retail Consortium showing the sharpest fall since the BRC started collecting retail sales data 23 years ago have added to the economic pessimism.Investors and traders will therefore be listening out for any hints by Carney that a rate rise in August is on the cards; now market pricing suggests the chances of an increase are around 57%. Read More »

Sears strikes partnership to install tires sold through Amazon


The partnership includes Amazon orders for the DieHard brand, which is owned by Sears . Sears Holdings Corp's new deal will have it handling tire installation and balancing for Amazon customers. "We needed liquidity; I've provided it, but we can't operate if we don't have the necessary liquidity", he said, adding that the company is "far from where I hoped we would be at this point". Read More »

ZTE's main business operations cease amid US ban


The out-of-court settlement demanded that the company take action against the employees responsible for the leak, but the company failed to do so, which resulted in a ban that forbids USA firms from supplying it with components and technology. Read More »

Bill Gates Thinks Digital Currencies Are Poor Investments


Tyler Winklevoss , the cofounder of crypto exchange Gemini , is telling Bill Gates to put his money where his mouth is after the billionaire said he would short bitcoin if he easily could. Gates stated someone gave a bitcoin for his birthday to him but it was sold by him. "In terms of cryptocurrencies, generally, I can say with nearly certainty that they will come to a bad ending", Buffett explained. Read More »

Takeda Pharma to Buy Rare Disease Drugmaker Shire for $62 Billion


Takeda's recommended offer is the culmination of a drawn out takeover process which has seen Japan's largest pharma company make multiple bids for London Stock Exchange-listed Shire over recent months. Shire has offered Takeda a large presence in the USA and an expertise in the rare diseses. " Shire's highly complementary product portfolio and pipeline, as well as experienced employees, will accelerate our transformation for a stronger Takeda", said Takeda President and CEO ... Read More »

How Analysts Rated The Unite Group plc (LON:UTG) Last Week?

Cornerstone Capital Ltd Llc holds 0.04% of its capital in DFS Furniture plc (LON:DFS) for 76,150 shs. Proshare Advsrs Ltd Liability Com has 0.01% invested in Essentra plc (LON:ESNT). Separately, Numis Securities increased their price objective on shares of YouGov from GBX 330 ($4.63) to GBX 367 ($5.15) and gave the company an "add" rating in a research note on Tuesday, January 30th. Read More »

Wall St mixed as Fed seen on track for June hike


Federal Reserve's now lonely monetary tightening has suddenly supercharged the dollar. The Fed's overnight lending rate in already in a target range of 1.50-1.75 percent compared with the European Central Bank's closely watched deposit rate benchmark at minus 0.4 percent while the Bank of Japan pledges to guide short-term interest rates at minus 0.1 percent. Read More »

Facebook to launch dating service


The announcement was made by Facebook CEO Mark Zuckerberg at the F8, which is the company's annual conference for developers. Zuckerberg said the new dating features will be optional. Tech companies are under intense scrutiny about how they protect customer data after Facebook was embroiled in a huge scandal where millions of users' data were improperly accessed by a political consultancy. Read More »

Facebook is said to research ad-free subscription-based version


A broad review of the entire business model is continuing at Facebook, while global politicians call for Zuckerberg to answer questions relating to the circumstances that led Cambridge Analytica to obtain user data from millions of profiles, and allegedly use this information to influence political processes. Read More »

HSBC Q1 profit misses estimate, unveils $2 billion new share buyback


The banking behemoth generated revenue of $13.7bn in the first three months of the year, up 6% compared to a year ago, or 3% at the underlying level if excluding currency translation and movements in significant items. HSBC - which made over 75% of its profits in Asia in 2017 - plans to grow its retail and corporate banking business in the region by hiring thousands of staff and opening new branches, a plan that has suffered some setbacks amid China's slowing growth. Read More »

Apple shares rise after sales hike


However, this is still down from 61.2 million during the same period in 2015. Apple accounts for about 4.1% of Cim LLC's portfolio, making the stock its 9th largest position. This represents a $2.92 annualized dividend and a yield of 1.65%. Apple's payout ratio is 27.36%. Apple's stock buyback fits into a broader trend of companies using the financial windfall from President Trump's tax cut to reward shareholders. Read More »

Real Madrid need new level to beat Bayern - Zidane


Leganes lost the ball on the defensive end on that play. Real Madrid: Kiko Casilla 7 (out of 10), Jesus Vallejo 6, Theo Hernandez 6, Achraf Hakimi 6, Casemiro 5, Mateo Kovacic 6, Marcos Llorente 7, Dani Ceballos 6, Karim Benzema 7, Gareth Bale 8. Read More »

Axis Bank shrugs off weak Q4 numbers, rises on strong volumes


Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank , calls FY18 a watershed year for the bank given the positive investor response to its initial public offering (IPO) that helped raise Rs 3,662 crore and improvement in asset quality, growth and profitability in each quarter. Read More »

NBC Nightly News Covers Allegations Against Former Anchor Tom Brokaw


After her time at NBC , during which Vester worked for the station in Washington, London, Chicago and NY, where she would latterly be an anchor on NBC News at Sunrise and MSNBC, the journalist was poached by Fox News. He offered a contrasting account of his meetings with Ms. Vester, denying that he touched her beyond "a perfunctory goodnight kiss". He says that he did go to her room but should not have and did not verbally or physically attack her in any way. Read More »

Ford cutting production of cars to just Mustang, Focus by 2020

Ford announced Wednesday that it plans to end production of the Taurus and other sedans to meet growing consumer demand for SUVs. Ford now expects to spend $29bn (about £25.4bn) between 2019 and 2022; it says that is a $5bn (£4.4bn) reduction on previous estimates, thanks to cost-efficiency improvements. Read More »

Sensex loses 100 points to close shade above 34500


The gauge had gained 201.06 points in the previous two sessions. This is published unedited from the PTI feed . The rupee, meanwhile depreciated 21 paise to 66.59 against the U.S. Bharti Airtel also ended 0.61 per cent higher while IDFC Bank dropped 1.24 per cent ahead of their Q4 results. The 10-year U.S. Treasuries yield rose to as high as 3.003 per cent on Tuesday. Read More »

Passengers hurt in AI turbulence


Dramatic footage contained in the aircraft exhibits an air hostess trying to fix the broken window panel in entrance of scared passengers. India's Directorate General of Civil Aviation (DGCA) and Aircraft Accident Investigation Board (AAIB) did not respond to a request for comment. Read More »

FAA orders emergency jet engine inspections after United States plane failure


Jennifer Riordan had two children. The FAA said: "Fan blade failure due to cracking could result in an engine in-flight shutdown, uncontained release of debris and possible airplane decompression". The agency issued the emergency directive after the maker of the engine, CFM International, called for the inspection of fan blades on CFM56-7B engines. Read More »

Summary of GKN plc (LON:GKN) Ratings on April 21, 2018

The stock rating was maintained by Liberum Capital with "Hold" on Friday, January 12. Goldman Sachs cut their target price on shares of Hammerson from GBX 625 ($8.95) to GBX 620 ($8.88) and set a "buy" rating on the stock in a research report on Wednesday, March 14th. Read More »

Bucks unleash Maker, Delly in National Basketball Association playoff


The Bucks jumped out to a 16-6 lead in the first half of the opening quarter, led by 12 combined points from Antetokounmpo and Middleton. Game 4 is Sunday afternoon in Milwaukee . He added, "We need Jabari". However, the former No. 2 overall pick admits he needs to adjust his mindset going forward. As part of the #Nba Playoffs 2018 schedule on Friday, fans will get to watch the Celtics vs. Read More »