Primera Air enters administration, ceases operations | Airlines

Passengers are left stranded in foreign countries after Primera Air ceased operations on Monday and canceled all its flights without giving any notice. The airline announced last month that it planned to launch routes from Madrid to New York, Bo... More..

by | Published more than a month ago
Shell says it has approved huge gas project in Canada
by | Wednesday, October 03, 2018

Shell says it has approved huge gas project in Canada

Pierce would not comment on media reports earlier this week suggesting that the boards of JVPs PetroChina and Korea Gas had approved their respective shares of the project. What's more, there were doubts un...More..

FEMA to test emergency alert system Wednesday
by | Tuesday, October 02, 2018

FEMA to test emergency alert system Wednesday

The message will have an audible tone, and the text will read, "THIS IS A TEST of the National Wireless Emergency Alert System". The test is meant to assess the operational readiness of the infrastructure f...More..

Amazon hikes pay for U.S. and United Kingdom workers following criticism
by | Tuesday, October 02, 2018

Amazon hikes pay for U.S. and United Kingdom workers following criticism

Amazon, became the second company after Apple to cross $1 trillion in market value last month. In an FAQ , Amazon said the additional expense will be reflected in its earnings guidance, signaling a hit to th...More..

by | Tuesday, October 02, 2018

Amazon announces $15 minimum wage for all US employees

The hourly minimum wage in the London area will rise to 10.50 pounds ($13.60), and 9.50 pounds in the rest of the United Kingdom, affecting some 37,000 current and seasonal employees, according to a separate s...More..

Tesla Shares Soar After Elon Musk's SEC Settlement
by | Tuesday, October 02, 2018

Tesla Shares Soar After Elon Musk's SEC Settlement

This is only the midpoint of his Musk-sational 2018 narrative . The SEC announced the deal on Saturday - two days after it sued Musk in federal court for misleading investors over his post on Twitter las...More..

Oil rises before US sanctions on Iran bite
by | Tuesday, October 02, 2018

Oil rises before US sanctions on Iran bite

Oil has rallied to levels last seen in 2014 as supply disruptions from Iran to Venezuela continued to fracture the global market. Other countries that produce oil have increased output in recent months to mee...More..

by | Tuesday, October 02, 2018

US, Canada reach trilateral trade pact with Mexico to replace NAFTA

Other contentious, so-called USA poison pills - which would have limited Canada and Mexico's ability to bid on lucrative US procurement projects - are gone. The USMCA requires 40-percent of cars sold in Nor...More..

GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive
by | Tuesday, October 02, 2018

GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive

The Wall Street Journal , quoting sources familiar with the situation, said Culp is expected to continue with the company's plan to spin off its healthcare business and sell two other units. That comes after th...More..

Elon Musk surrender set to boost Tesla shares
by | Monday, October 01, 2018

Elon Musk surrender set to boost Tesla shares

It alleged that Musk's statements - including the assertion that he had " funding secured " to take Tesla private - "were premised on a long series of baseless assumptions and were contrary to facts that Mu...More..

U.S. justice department sues California to over new net neutrality law
by | Monday, October 01, 2018

U.S. justice department sues California to over new net neutrality law

California's law also adds something that the original net neutrality rules didn't have; it prevents content streamers from paying to have its music or video streamed with a zero-rating. Oral arguments are s...More..

by | Monday, October 01, 2018

GE CEO John Flannery out, replaced by Lawrence Culp

The company's power business, hit by problems with its latest generation of gas turbines, posted a $10 billion loss a year ago. According to GE's press release , Culp led Danaher to increasing its free-cash fl...More..

Petrol price crosses Rs 91-mark; cooking gas above Rs 500
by | Monday, October 01, 2018

Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Keeping up with its record-breaking climb, petrol prices today breached the Rs 91 mark in Mumbai . Diesel price also registered a surge of Rs 0.32 in Mumbai and costs Rs 79.72 per litre. When worldwide rates...More..

Tesla is 'very close' to profitability, Musk says in staff email
by | Monday, October 01, 2018

Tesla is 'very close' to profitability, Musk says in staff email

Elon Musk has claimed that Tesla is "very close" to profitability after he made a deal with USA authorities to stay on as chief executive of the auto company, according to reports. The SEC said the company h...More..

Ryanair cancels 250 flights as strikes in six countries hit services
by | Monday, October 01, 2018

Ryanair cancels 250 flights as strikes in six countries hit services

The strike of employees working in Spain, Belgium , the Netherlands, Portugal, Italy and Germany. Cabin crew in Italy, Spain, Portugal and Belgium staged a two-day strike that forced Ryanair to cancel ...More..

Canada-US reach deal to reform NAFTA
by | Monday, October 01, 2018

Canada-US reach deal to reform NAFTA

The $1.2tn (£920bn) open-trade zone had been on the verge of collapse after 24 years - with Canada facing the prospect of being left out of a deal between the U.S. One solution might be to imitate the provision...More..

CBS faces New York probe tied to ex-CEO Leslie Moonves
by | Sunday, September 30, 2018

CBS faces New York probe tied to ex-CEO Leslie Moonves

CBS said in regulatory filing with the Securities and Exchange Commission on Friday that it received subpoenas from the Manhattan District Attorney and New York City's Commission on Human Rights. Moonves left ...More..

Fuel prices soar, petrol in city now at Rs 82
by | Sunday, September 30, 2018

Fuel prices soar, petrol in city now at Rs 82

Fuel prices in the country continued their upward movement on Saturday with petrol costing Rs 82 a liter in the city . The effect of any measures, including reduction in Value-Added Tax by the states and th...More..

Ontario government to introduce legislation today regulating recreational pot
by | Sunday, September 30, 2018

Ontario government to introduce legislation today regulating recreational pot

Those licences can not be transferred or sold, and the government intends to ensure that no companies end up dominating the potentially lucrative market. The retail stores will be stand-alone, so permits for se...More..

Volkswagen partners with Microsoft in cloud push
by | Sunday, September 30, 2018

Volkswagen partners with Microsoft in cloud push

Volkswagen and Microsoft are teaming up to make staying connected in your vehicle a breeze. "The world's leading companies run on Azure, and we are thrilled that Volkswagen has chosen Microsoft". By building th...More..

New Amazon retail store sells products rated 4 stars or above only
by | Sunday, September 30, 2018

New Amazon retail store sells products rated 4 stars or above only

The store, which opened on September 27, will leverage customer review cards and quotes to show off what other shoppers have to say about the products. Anyway, Amazon 4-Star sounds to me like the kind of place ...More..

Swiss bank UBS report names cities with risks of real estate bubbles
by | Sunday, September 30, 2018

Swiss bank UBS report names cities with risks of real estate bubbles

Bubble risk appears greatest in Hong Kong , followed by Munich, Toronto, Vancouver, London and Amsterdam. "Although many financial centres remain at risk of a housing bubble, we should not compare today's ...More..

Elon Musk sued by SEC
by | Sunday, September 30, 2018

Elon Musk sued by SEC

On Aug. 24, Musk and the board publicly announced that the automaker would abandon its bid to go private. The SEC also alleged Musk's tweets caused market chaos and investor harm. The SEC recommends Musk pa...More..

BMW i3 and i3s get a sizable bump in range
by | Sunday, September 30, 2018

BMW i3 and i3s get a sizable bump in range

When the i3 launched in 2014, it could travel 81 miles on a single charge, and it packed a high voltage battery cell capacity of 60 ampere hours. BMW has launched an all-new and updated i3 120Ah electric ve...More..

Facebook Hack Compromises Millions of Accounts
by | Sunday, September 30, 2018

Facebook Hack Compromises Millions of Accounts

Access tokens are the digital keys that keep users logged in to an account, negating the need to enter their passwords every time. Facebook claims you won't need to change your password because of what has...More..

Canadian PM did not request meeting with Trump, says spokesperson
by | Saturday, September 29, 2018

Canadian PM did not request meeting with Trump, says spokesperson

The text of the U.S. -Mexico deal needs to be published by late Sunday night - 60 days ahead of the November 30 deadline for Trump and Mexico's outgoing president, Enrique Pena Nieto, to sign the deal before Lo...More..

LAX allows pot in airport but TSA says it's still a crime
by | Saturday, September 29, 2018

LAX allows pot in airport but TSA says it's still a crime

When travelers cross into federal jurisdiction, it's a different story, she said, since marijuana is still federally regulated. But, police warn, possession of any amount is still a federal crime and US Transpo...More..

Get free, discounted coffee in SA for National Coffee Day
by | Saturday, September 29, 2018

Get free, discounted coffee in SA for National Coffee Day

This week, the company replaced its regular doughnut glaze with a coffee glaze for a limited-time promotion. The chain is also offering free coffee on Tuesdays through October 9. Any of the brand's outlets, a...More..

Elon Musk could still settle SEC lawsuit but is prepared to fight
by | Saturday, September 29, 2018

Elon Musk could still settle SEC lawsuit but is prepared to fight

Share value in Tesla is down more than 11.6 percent on the day, trading at $271.75 as of this writing. Incidentally, Musk in a blog post earlier this month said that Tesla is "about to have the most won...More..

McDonald’s is getting rid of artificial preservatives in
by | Saturday, September 29, 2018

McDonald’s is getting rid of artificial preservatives in "classic burgers"

Scrubbing ingredients isn't easy for the world's biggest restaurant chain with 37,000 global locations, including 14,000 in the U.S. Even a seemingly small change involves years of work within McDonald's comp...More..