Finance

Finance Deutsche Bank to slash thousands of jobs to control costs
Author: 0 Deutsche Bank to slash thousands of jobs to control costs

Those measures, the bank said last month, will lead to a "significant reduction" in employees, without giving more information. When Sewing, the former co-head of the bank's retail banking arm, was appointed to replace his British predecessor, John Cryan, in April , he vowed to take "tough decisions" to return the bank to profitability.

Finance Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw
Author: 0 Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw

The problem occurs when the vehicle is forced to accelerate while cruise control is engaged, something that might happen while it's climbing a steep hill, for instance. Fiat Chrysler said vehicles may be placed in park once stopped, at which point cruise-control is canceled. Most of the vehicles being recalled cover 2014-2018 model years.

Finance Tesla agrees to settle class action over Autopilot billed as 'safer'
Author: 0 Tesla agrees to settle class action over Autopilot billed as 'safer'

District Court in San Jose. "In fact, new vehicles equipped with Tesla's newest software still do not have some of the basic safety features that are standard features of cars equipped with the older software - and that are supposed to be standard features of Tesla's newest vehicles, too", Sheikh said .

Finance Feds reportedly open criminal probe into crypto prices
Author: 0 Feds reportedly open criminal probe into crypto prices

These include spoofing the market with fake orders to trick other traders, and wash trading to create fake trading volume. Bloomberg reported that the Justice Department was working with the Commodity Futures Trading Commission , which oversees cryptocurrency derivatives , for the investigation.

Finance Gas prices could hit $3 nationwide Memorial Day weekend
Author: 0 Gas prices could hit $3 nationwide Memorial Day weekend

Experts say travelers should try to avoid coming back from the holiday after 6 p.m. Monday. Travelers and commuters will be out around the same time, slowing things down. For people traveling by auto, INRIX , a vehicle services company, and AAA predict that most of the congestion will happen Thursday, May 24 and Friday, May 25, in the late afternoon as commuters combine with travelers.

Finance Union charges that Elon Musk violated labor law with tweet
Author: 0 Union charges that Elon Musk violated labor law with tweet

Musk continued along this path, with a dubious tweet about the media's relationship with advertisers from the gas and diesel industry. The website would be called " Pravda ", the Russian word for "truth" and also the name of the official newspaper of the Soviet Union's Communist Party.

Finance Instapaper shuts down temporarily in Europe, unprepared for GDPR
Author: 0 Instapaper shuts down temporarily in Europe, unprepared for GDPR

The move has renewed fears that the law, and others like it, could "Balkanise" the internet and lead to the creation of a two-tier system, with EU-based web users excluded from services and sites offered elsewhere in the world. Indian companies are falling in line to comply with GDPR , says Suraj Nagappa, VP, Isobar India. Amazon's 2017 revenue was $177.9 billion. Amazon , which operates the cloud computer juggernaut Amazon Web Services, announced it was GDPR ready in March.

Finance Uber self-driving SUV saw pedestrian but did not brake
Author: 0 Uber self-driving SUV saw pedestrian but did not brake

It's not clear why the emergency braking capability even exists if it is disabled while the vehicle is in operation. "It got spoofed too often", Kornhauser said . Even though the auto saw the pedestrian six seconds before the collision, and recognized emergency braking was needed 1.3 seconds before, it didn't alert the driver that the pedestrian was seen or that emergency braking was needed.

Finance This Russian unit is being blamed for downing Malaysian Flight MH17
Author: 0 This Russian unit is being blamed for downing Malaysian Flight MH17

Worldwide investigators say a Russian convoy carried Buk missile into Ukraine before shooting down Malaysia Airlines Flight 17; Benjamin Hall reports. The question of whether members of the 53rd Brigade were actively involved in the downing of the plane remains under investigation, he said. JIT - which includes officials from the Netherlands, Australia, Belgium, Malaysia and Ukraine - said its conclusion confirms the previous findings of investigation collective Bellingcat.

Finance Boxer Jack Johnson is posthumously pardoned by Trump
Author: 0 Boxer Jack Johnson is posthumously pardoned by Trump

Stallone continued advocating for the pardon once President Trump took office. Johnson, who died in a 1946 vehicle crash in North Carolina at 68, finished with a career record of 73-13-10 and was inducted into the International Boxing Hall of Fame in 1990.

Finance Larry Nassar victims to receive apology from USA Gymnastics CEO
Author: 0 Larry Nassar victims to receive apology from USA Gymnastics CEO

Center for SafeSport. USA Gymnastics CEO Kerry Perry plans to apologize to the victims of Larry Nassar in her opening statement of a testimony she will give before a House subcommittee on Wednesday. The NGBs are charged on a sliding scale, depending on their size. "Much of what we're hearing today sounds good, but I'm anxious that we do not have a way to know whether things will actually get better", Rep.

Finance Trump administration weighs new tariffs on imported vehicles
Author: 0 Trump administration weighs new tariffs on imported vehicles

The Department of Commerce will investigate the effect of vehicle imports under Section 232 of the Trade Expansion Act of 1962, which allows the president to restrict trade in the name of national security. In its statement announcing the inquiry, the Commerce Department cited figures showing that U.S. employment in automobile manufacturing had dropped by 22 percent from 1990 to 2017.

Finance M&S stores in Shropshire avoid the axe - for now
Author: 0 M&S stores in Shropshire avoid the axe - for now

Alongside relocations, conversions, downsizes and the introduction of concessions, these closures will radically reshape M&S's Clothing & Home space. Sacha Berendji, retail , operations and property director at Marks & Spencer said: "Closing stores isn't easy but it is vital for the future of M&S".

Finance Thousands gather to remember victims of Manchester attack
Author: 0 Thousands gather to remember victims of Manchester attack

A single balloon in the shape of a bee - the emblem of the city which in the wake of the tragedy became a symbol of solidarity - was released into the cloudless sky. "This is Noel Gallagher , and I am here on behalf on Manchester Together In One Voice", said the former Oasis frontman via a video played to the crowd.

Finance Zuckerberg apologises to European Union for Facebook data leak
Author: 0 Zuckerberg apologises to European Union for Facebook data leak

Zuckerberg said in Brussels on May 22 that while Facebook has brought in new features to connect people, it had become clear in the last two years that they "haven't done enough to prevent these tools from being used for harm". Zuckerberg meanwhile admitted that Facebook had been "too slow to identify Russian interfering" in the 2016 US presidential ballot, but was working with European governments for future elections.

Finance Pompeo's Iran Plan: Tell Them to Give Up
Author: 0 Pompeo's Iran Plan: Tell Them to Give Up

The world today does not accept that the United States decides for the world. "And they want the countries that oppose them to have nothing", he added, indignantly. "Relief from sanctions will come only when we see tangible, demonstrated, and sustained shifts in Tehran's policies", Pompeo said. His 12-point list of demands called for Iran to acquiesce to the U.S.

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