Finance

Finance De Beers joins the gold rush for diamonds grown in labs
Author: 0 De Beers joins the gold rush for diamonds grown in labs

The strategy is created to undercut rival lab-diamond makers, who having been trying to make inroads into the US$80 billion (RM319.5 billion) gem industry. The company announced today that it will start selling man-made diamond jewellery at a fraction of the price of mined gems, marking a historic shift for the world's biggest diamond miner, which vowed for years that it wouldn't sell stones created in laboratories.

Author: 0 Microsoft tops Google’s market cap for the first time in 3 years

Microsoft passed Google parent Alphabet in market capitalization for the first time in three years on Tuesday, reflecting the company's continued surge as it invests heavily in cloud and AI technology. Microsoft's market capitalization gained about 40% over the previous year, buoyed by its successful software subscriptions business and cloud computing growth.

Finance Tesla Model 3 Wins Consumer Reports Blessing After Brake Fix
Author: 0 Tesla Model 3 Wins Consumer Reports Blessing After Brake Fix

The problem, the non-profit testing organization explained, was that the Model 3 the company had acquired would only meet Tesla's quoted braking performance once. With this in mind, Consumer Reports stated in its updated results that it would be renting another vehicle to validate Musk's statements about the more recent improvements to the Model 3.

Finance Trump hits China with $50B tariffs, investment restrictions
Author: 0 Trump hits China with $50B tariffs, investment restrictions

The administration laid out a list of abusive trading actions by China - including placing high tariffs on USA goods and banning some imports - that have led to America's $375 billion trade deficit in 2017. Despite being one of the administration's leading protectionist voices early on, Ross was initially left off a May trade delegation to China led by Treasury Secretary Steven Mnuchin .

Author: 0 Singapore Airlines to fly direct to NY

In March, Qantas started the first direct flight between Australia and Britain , which cut the travelling time by roughly three hours with the absence of a stop over in Singapore or the Middle East. Flights between NY and Singapore are now operated using the double-decker Airbus A380 with a stopover in Frankfurt, Germany. SIA now has 21 A350-900s in its fleet, with 46 more on order including seven of the ULR variant.

Finance Indigenous activists eye oil spill at Kinder Morgan pumping station
Author: 0 Indigenous activists eye oil spill at Kinder Morgan pumping station

Morneau, the finance minister, called the deal to buy the pipeline a "a commercial agreement" and insisted that the Canadian government didn't intend to remain owner of the facility. On May 30, 2017, the parent company had spun out 30 per cent of its Canadian business unit Kinder Morgan Canada in an initial public offering that raised $1.75 billion, used to pay down the parent company's debt.

Finance Hackers Demand $1 Million In Ripple (XRP) From Canadian Banks
Author: 0 Hackers Demand $1 Million In Ripple (XRP) From Canadian Banks

BMO and CIBC-owned Simplii Financial separately went public with breaches to their systems on May 28, noting that customer information, including bank account specifics and potentially addresses and phone numbers, were stolen. The company added that there is now no indication that clients who bank through CIBC have been affected. MobileSyrup has reached out to BMO and the Office of the Privacy Commissioner of Canada for more information.

Finance Stocks take battering as Italian crisis roils financial markets
Author: 0 Stocks take battering as Italian crisis roils financial markets

Italy faces the prospect of fresh elections after populist anti-establishment, euroskeptic parties failed to form a government. As a result, Well Street has taken a tumble. In Asia, traders also fretted over the on-again, off-again U.S. Shares of large US banks were also pressured by downbeat guidance from JPMorgan Chase & Co and Morgan Stanley.

Finance Mocking The Common Man, Petrol Prices Cut By One Paisa
Author: 0 Mocking The Common Man, Petrol Prices Cut By One Paisa

Rahul Gandhi tweeted, "Dear PM, You've cut the price of Petrol and Diesel today by 1 paisa". After 16 days of relentless price hikes, petrol price was on Wednesday cut by about 60 paise a litre and diesel by 56 paise on the back of softening worldwide oil rates and strengthening Indian rupee.

Finance Brent crude pares losses, but specter of output boost remains
Author: 0 Brent crude pares losses, but specter of output boost remains

Brent crude was down 1 cent at $75.38 a barrel by 0015 GMT, after settling up 9 cents on Tuesday. Brent and WTI have fallen by 6.4 per cent and almost 9 per cent respectively from peaks reached earlier in May. Volatility, a way of measuring demand for a derivative, on highly bearish Brent crude sell options that expire just after the meeting has shot to its highest since February.

Finance Tesla in 'Autopilot' mode crashes into parked police vehicle
Author: 0 Tesla in 'Autopilot' mode crashes into parked police vehicle

The driver of a Tesla Inc vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in "Autopilot" mode at the time, a police spokesman said. In March, a Model X crashed into a highway barrier in California. Autopilot might only refer to semi-adaptive cruise control, which maintains speed with the vehicle in front, or it could mean that the Tesla had Autosteer engaged, in which case it would be ...

Finance White House to impose 25% tariff on $50bn worth of Chinese goods
Author: 0 White House to impose 25% tariff on $50bn worth of Chinese goods

The final list of items subject to the new tariffs will be released on June 15, with formal imposition of these duties occurring a few days later. "Discussions with China will continue on these topics and the USA looks forward to resolving long-standing structural issues and expanding our exports by eliminating China's severe import restrictions", the statement said.

Finance Pret a Manger gives workers bonuses after JAB deal
Author: 0 Pret a Manger gives workers bonuses after JAB deal

The sale values Pret at more than 1.5 billion pounds ($2 billion) including debt and gives Pret founders Julian Metcalfe and Sinclair Beecham a final exit from their remaining investment in the chain they founded 32 years ago. Pret a Manger operates 530 stores worldwide, 381 in Britain, 92 in the USA, 24 in France, among other locations, and has yearly revenue of $1.163 billion.

Finance EU proposes to ban plastic straws, stirs, and cotton buds
Author: 0 EU proposes to ban plastic straws, stirs, and cotton buds

Plastics Europe, which represents manufacturers, said it supported the "overarching objective" of the proposal but said there must be more resources dedicated to "waste management" to ensure better collection of used plastic. Dublin Sinn Féin MEP Lynn Boylan said the proposals were "a step in a right direction but not ambitious enough to meet the threat of plastic pollution".

Finance Starbucks to Close Stores Tuesday to Conduct Anti-Bias Training
Author: 0 Starbucks to Close Stores Tuesday to Conduct Anti-Bias Training

The company plans to share its materials with the public after the training, and hopes that other businesses will make use of the tools in their own workplaces. They should dial 911 only if the situation seems unsafe. One afternoon wouldn't really be "moving the needle on the biases, " especially when it's a company with as many employees as Starbucks, he said.

Author: 0 Furious leaders in Italy call for fresh elections

Experts are predicting that there is going to be another election later this year, and this will ultimately determine the fate of the relationship between Italy and the Euro. After about an hour of talks with Mr Mattarella, Mr Cottarelli said: "I'll present myself to parliament with a programme which - if it wins the backing of parliament - would include the approval of the 2019 budget".

Finance Oil prices plunge on signs that Russia & Saudi Arabia may increase production
Author: 0 Oil prices plunge on signs that Russia & Saudi Arabia may increase production

Oil traders were active on Monday despite the Memorial Day holiday and the closure of US stock and bond markets. Prices dropped US$2.83 to US$67.88 on Friday, the biggest loss since July 5. These developments have swamped out concerns about the impact of pending USA sanctions on Iran exports, and the precipitous drop in Venezuelan output.

Finance Federal Bureau of Investigation urging people to restart routers after thousands infected by 'foreign actors'
Author: 0 Federal Bureau of Investigation urging people to restart routers after thousands infected by 'foreign actors'

The FBI is warning the public to reboot the routers they have in their home or office to disrupt a malware that may have infected as many as 500,000 routers in 54 countries. According to a report by arstechnica , the malware has infected at least 500,000 devices in the U.S. According to researchers from the security team at Cisco's Talos , the malware was most likely developed and launched by hackers working for "an advanced nation", which could be Russian Federation.

Finance PC government would reintroduce 'buck-a-beer' to Ontario, promises Ford
Author: 0 PC government would reintroduce 'buck-a-beer' to Ontario, promises Ford

Ford did not deny the authenticity of the recording, nor that he told potential members they wouldn't have to pay if they signed up to vote for Surma, but he did deny paying for anyone else's membership. Martino also accused Ford of trying to intimidate her by following her in his auto. Al Smith, who drove the roughly 40 km from Beamsville, Ont., said it was a "smear campaign", and accused the Liberals of "playing with people's emotions rather than giving them the facts".

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