Business

Business Amazon to block shoppers from overseas sites
Author: 0 Amazon to block shoppers from overseas sites

Amazon has stopped its Australian consumers from making purchases on its overseas websites in response to a new sales tax law. . The move will likely drive traffic to Amazon's Australian website, testing the patience of shoppers who have complained about its thin product range - a tenth the range of its USA site - and uncompetitive prices since it began taking orders in December.

Business Deutsche Bank says financial strength 'beyond doubt' after ratings downgrade
Author: 0 Deutsche Bank says financial strength 'beyond doubt' after ratings downgrade

Shares in the bank closed at an all-time low on Thursday as past misadventures in high-risk investment banking stymied the new chief executive Christian Sewing's attempt to refocus on its more staid corporate banking roots. The Federal Reserve listed the German bank's US operations as in "troubled condition", The Wall Street Journal reported on Thursday, citing sources familiar with the matter.

Business Air India sale draws a blank in blow to Modis divestment target
Author: 0 Air India sale draws a blank in blow to Modis divestment target

The Center for Asia Pacific Aviation (CAPA), an aviation consultancy, estimated that Air India could lose another $2 billion in the next two years. Apart from the airline's heavy debt and high losses, potential bidders had to wrestle with ambiguity about the government's demands on staff retention, besides not being able to retain remaining 24% stakes in Air India.

Author: 0 Another Alberta multi-million dollar lottery victor

With a whopping $110 million in prizes to be won across the country, tonight's draw is not only the largest prize offering in Lotto Max history but the largest prize offering for any single lottery draw in Canadian history. Meanwhile the Lotto Plus 1 numbers - which has a €500,000 top prize - are 20, 23, 24, 36, 38, 47 and the bonus of 32. Lotto Max's main jackpot is at $60 million, where it always gets capped as previous draws are not won.

Business B.C.'s minimum wage goes up more than $1 tomorrow
Author: 0 B.C.'s minimum wage goes up more than $1 tomorrow

Liquor server minimum wage increases 12.9% to $11.40 per hour, an increase of $1.30 per hour. The Australian Council of Trade Unions had been pushing for a $50 a week rise to $744.90, equivalent to 7.2 per cent. The ACTU secretary, Sally McManus, welcomed the decision as a step in the right direction. Chambers said she thinks it's also important to understand what the costs of living is in each region and how living wages vary across the province.

Business Oil Rallies On Report OPEC Will Keep Supply Quota
Author: 0 Oil Rallies On Report OPEC Will Keep Supply Quota

The price of the blend of crude had hit $80 last week only to drop to $75 on Monday following a revelation by the Organisation of Petroleum Exporting Countries ( OPEC ) that it planned to increase supply to the market, plugging the gap left by missing Iranian oil and declining production in Venezuela .

Business Crude oil eases on record US production, OPEC supply hopes
Author: 0 Crude oil eases on record US production, OPEC supply hopes

Oil prices retreated on Friday after strengthening early in the session as U.S. President Donald Trump's remarks on trade led the dollar to strengthen against other currencies, weakening greenback-denominated commodities including crude. Global benchmark Brent LCOc1, staying within Thursday's range, was up 23 cents at $77.79 per barrel. "There's still the hangover from the report yesterday, the weekly number suggesting US production is really strong and continuing to rip higher", said Matt ...

Business FCA set to reform high-cost lending - Debt
Author: 0 FCA set to reform high-cost lending - Debt

Further, it's also consulting on whether to ban the sale of extended warranties at the point of sale, helping to save consumers almost £8m a year. In its report on high-cost credit, published today, the FCA said the way that banks operate and charge for overdrafts needs "fundamental reform".

Business Northern Rail timetable change
Author: 0 Northern Rail timetable change

Commuters today faced another day of travel chaos as the new train timetables introduced in an attempt to modernise the UK's railways continue to cause delays. "While this is now a huge inconvenience to passengers as the changes bed in, we are investing in the biggest modernisation of the railway since Victorian times, and this new timetable will deliver hundreds more services up and down the country", he said.

Business Qantas, Air New Zealand To Codeshare On Domestic Flights
Author: 0 Qantas, Air New Zealand To Codeshare On Domestic Flights

Qantas and Air New Zealand have announced a codeshare deal. Qantas Group chief executive Alan Joyce said the two national carriers had a lot of shared history as well as a shared goal of making travel easier. That would have involved Qantas paying $550 million for a 22.5 per cent cornerstone shareholding in Air New Zealand, as both battled in a tough environment immediately after the 9/11 terror attacks.

Business EU files challenge to US tariffs at trade body
Author: 0 EU files challenge to US tariffs at trade body

Foreign Affairs Minister Chrystia Freeland told the House of Commons on Friday that Canada plans to appeal the tariff decision to the World Trade Organization as well as under NAFTA, calling them "illegal". Per the Washington Post , Trump has said that the tariffs are necessary for US protection, though they have been criticized by groups as disparate as foreign leaders, American business leaders, and American labor organizations.

Business Sears to close 72 more stores
Author: 0 Sears to close 72 more stores

Sears is closing its store at the Empire Mall in Sioux Falls. Sears initially said 72 stores were slated to close, but later pulled some of the stores from the closing list to evaluate them further. Amazon began selling Sears's Kenmore brand of ovens, washers and other appliances a year ago. It sold Craftsman to Stanley Black & Decker in in January 2017 for $775 million.

Business Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
Author: 0 Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel

FCA promised eight models in the lineup, aiming to turn Chrysler into a volume brand that would have rivaled Chevrolet and Ford . We plan to leverage the iconic status and technology of the 500, extending the line-up to introduce a small auto with best in-class interior roominess and unmistakable deisgn, the Fiat 500 Giardiniera.

Business Petronas wants a 25-per-cent stake in LNG Canada
Author: 0 Petronas wants a 25-per-cent stake in LNG Canada

The announcement comes less than a year after Petronas and its partners scrapped a $36-billion megaproject in British Columbia. Upon the completion of the transaction, which is subject to worldwide regulatory approvals and the completion of other associated agreements, the composition of ownership in the project will be PETRONAS (through NMLLP), (25%); Shell Canada Energy, a subsidiary of Royal Dutch Shell plc ("Shell"), (40%); PetroChina Canada Ltd.

Business As A-Shares Inclusion Nears, This ETF Is Getting Bigger
Author: 0 As A-Shares Inclusion Nears, This ETF Is Getting Bigger

Afam Capital Inc. lessened its holdings in iShares MSCI Australia Index Fund (NYSEARCA:EWA) by 32.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. Foreign investors can also access Chinese shares through QFII, the Qualified Foreign Institutional Investor scheme, within limits. The State Administration of Foreign Exchange has granted $99.5 billion worth of quotas for QFII investment.

Author: 0 Google draws up guidelines for its military AI following employee fury

Representatives for Google did not immediately return an email seeking comment. We will update this post if we receive responses from either party. It looks like the seemingly-never-ending fiasco over Google's involvement with the Pentagon's Project Maven isn't going away any time soon.

Business Trump's teasing jobs report tweet raises questions
Author: 0 Trump's teasing jobs report tweet raises questions

The Trump administration is examining ways USA industries can hire more immigrant workers on a temporary basis, White House economic adviser Larry Kudlow said on Friday. Spicer later apologized and said while he understood the goal of the rule, his tweet didn't impact markets because the data had already been released.

Business Hotel valet has lucky escape, but Porsche gets crunched
Author: 0 Hotel valet has lucky escape, but Porsche gets crunched

The Valet, which the guest left the vehicle, lost control and was trapped in the cabin of the Porsche 911 soft top . A third vehicle was also damaged after it was pushed into some nearby bollards. "Obviously the staff member was embarrassed and a little bit shocked , it kind of scooped the other auto up, but the main thing is that he's OK". "It kind of scooped the other vehicle up, but the main thing is that he's okay", Talbot said.

Business Spain's new leader takes aim at corruption, austerity
Author: 0 Spain's new leader takes aim at corruption, austerity

Rajoy, 63, refused to step down ahead of the vote, saying he had the trust of the people who voted for him at the 2016 election. Last week, former party treasurer Luis Bárcenas was given a 33-year jail sentence for receiving bribes, money laundering and tax crimes.

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