Finance

Audi CEO Rupert Stadler arrested

The Munich prosecutors said Stadler's arrest was not made at the behest of US authorities. "For Mr Stadler, the presumption of innocence continues to apply", a spokesman said in a statement. The prosecutors also said that the arrest of Stadler was essential as the investigators saw the risk of him trying to suppress evidence in the diesel emissions probe. [Full Article...]

China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban

China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban The deal also includes a new 10-year ban that is suspended unless there are future violations. Commerce Secretary Wilbur Ross told CNBC this morning that the us has struck a deal to lift sanctions on the electronics giant. sanctions before President Trump ordered an abrupt about-face last month - has reportedly agreed to a preliminary deal to lift a U.S. Commerce Department ban on it buying ... [Full Article...]

Porsche's first electric car will be called the Taycan

Porsche's first electric car will be called the Taycan At the special exhibition being held at the Porsche Museum, the Mission E concept vehicle is a significant part of the show. The name roughly translates to, " lively, young horse ", a reference to the company's logo. Overall, the name fits in Porsche naming nomenclator. In February, Porsche's head of electric vehicles, Stefan Weckbach, said the Taycan will be able to sustain its perfor... [Full Article...]

Investigators say Tesla Autopilot sped up before fatal Model X crash

Investigators say Tesla Autopilot sped up before fatal Model X crash A Tesla running on the Autopilot system, which hit a highway safety barrier in March, didn't try to turn away, didn't brake and in fact accelerated significantly three seconds before the deadly impact, federal investigators said Thursday. [Full Article...]

Roseanne wants to personally call people she's offended to apologize

Roseanne wants to personally call people she's offended to apologize For the second day in a row, President Donald Trump made the Roseanne Barr controversy about himself. Barr tweeted: "muslim brotherhood & planet of the apes had a baby=vj". It's not a one time joke, OK. "Tone does start at the top, and we like to look up to our president and feel as though he reflects the values of our country", Jarrett said. [Full Article...]

Sault and area tickets win $2 million

Sault and area tickets win $2 million Various other winning tickets were sold in Sarnia, Kitchener, Sudbury, Owen Sound, Sault Ste. However, the guaranteed $1 million prize was claimed by a ticket sold in Ontario. 1 Encore ticket, worth $1,000,000 was sold in the Newmarket area. Odds of winning a Lotto Max jackpot or Maxmillion prize are one in 28,633,528 per play. [Full Article...]

Starbucks Chairman Howard Schultz To Step Down

Starbucks Chairman Howard Schultz To Step Down Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had left the CEO job at the company past year to focus on innovation and social impact projects. "One of the things I want to do in my next chapter is to figure out if there is a role I can play in giving back", he continued. "For years I've had a dream to build a different kind of company, on... [Full Article...]

Trudeau: Trump's tariffs are 'insulting and unacceptable'

Trudeau: Trump's tariffs are 'insulting and unacceptable' As well as tariffs, EU countries told the U.S. about their concern over the effect of new USA sanctions on Iran for European companies that want to trade with both nations. "If there is a risk of reducing their production or a risk of not being able to export as much, we will be there to support them in making sure that they maintain the jobs that they have in that sector", economic development mi... [Full Article...]

Vermont will pay you $10,000 to move there and work remotely

Vermont will pay you $10,000 to move there and work remotely Gov. Phil Scott signed the bill into law on Wednesday (May 30). "I'm getting calls from Wisconsin, Texas, Florida, D.C., you name it", Joan Goldstein, the state's economic development commissioner, told "Good Morning America". Sirotkin, who stressed that legislators were determined to make the application process straightforward. Interested workers will want to act fast. Workers will receive... [Full Article...]

Italy’s New PM, Conte Begins Work

Italy’s New PM, Conte Begins Work But by Thursday night, 5-Star leader Luigi Di Maio and League leader Matteo Salvini found the compromise that earned them President Sergio Mattarella's blessing to form a government. But Cottarelli was not able to present a cabinet, and received no support from any of the major parties. Mattarella said the appointment of Savona would have disastrous consequences for Italy's economy and abili... [Full Article...]

Burger King is celebrating National Donut Day with a Whopper donut

Burger King is celebrating National Donut Day with a Whopper donut If you're the first customer at this Phoenix bakeshop, you'll get to enjoy a free donut latte . Started by The Salvation Army on the first Friday in June in 1938, National Donut Day was created to honor the Donut Lassies who served the sweet treats to soldiers on the frontlines of WWI. [Full Article...]

Aluminum, steel makers disappointed with imposition of hefty USA tariffs

Aluminum, steel makers disappointed with imposition of hefty USA tariffs Shares of U.S. steel manufacturers were jumping in early trading Thursday after The Wall Street Journal reported that President Donald Trump was ready to announce tariffs on European Union, Mexican, and Canadian steel imported into the country. [Full Article...]

Oil prices mixed on trade strains and production gains

Oil prices mixed on trade strains and production gains Energy Secretary Alfonso Cusi, who acts as PNOC-EC's ex-officio chairman, has tasked the state firm to prepare for oil trading and retail to provide competition to existing oil industry players and curb increasing prices of petroleum products. [Full Article...]

Personal information hacked in 100,000+ homes

Personal information hacked in 100,000+ homes The FBI nonetheless is urging all small office and home router owners to reboot devices even if they were not made by one of the affected vendors. Devices infected by VPNFilter include routers from makers like Cisco/Linksys, MikroTik, NETGEAR, and TP-Link. [Full Article...]

Cheap petrol: Not a chance! Supermarkets raise fuel prices every day

Cheap petrol: Not a chance! Supermarkets raise fuel prices every day The government had raised excise duty on petrol by Rs 11.77 a lire and that on diesel by 13.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October a year ago by Rs 2 a litre. [Full Article...]

Starbucks to Close Stores Tuesday to Conduct Anti-Bias Training

Starbucks to Close Stores Tuesday to Conduct Anti-Bias Training The training is one of several steps Starbucks is taking after two black men were arrested in a Starbucks in Philadelphia. Starbucks will close 8,000 of its locations across the USA on May 29, and here's everything you need to know! A sign posted at a San Francisco store said the store would close at 2:30 p.m. [Full Article...]

Italian PM quits four day after being asked to form government

Italian PM quits four day after being asked to form government Mattarella became the target of populist rage when he said he rejected the populists' choice of Paolo Savona for finance minister for the good of the country and the financial "savings of families" that had been endangered by rising bond spreads and market concerns. [Full Article...]

PayPal bags iZettle in $2.2bn move into bricks-and-mortar commerce

PayPal bags iZettle in $2.2bn move into bricks-and-mortar commerce The decision from iZettle comes just over a month after Spotify became arguably Europe's largest startup to refuse to sell up to a USA or Asian investor, listing on the New York Stock Exchange for about $27 billion. Based in Stockholm, iZettle offers a range of payment and commerce solutions, including payments, point of sales, funding and partners applications. [Full Article...]

Trump's Lawyer Michael Cohen Reportedly Asked Qatari Government for $1M in 2016

Trump's Lawyer Michael Cohen Reportedly Asked Qatari Government for $1M in 2016 The OGE told the Justice Department in a letter released Wednesday, CNBC reported , that Cohen's payment to a third-party should legally have been detailed in the president's 2016 financial disclosure filing. Ms Daniels claims of hush money were originally denied by Mr Trump. When news of the $130,000 payment first broke, Michael D. Cohen did not deny it but said that he had not been reim... [Full Article...]

There's been a mysterious rise in ozone-destroying emissions

There's been a mysterious rise in ozone-destroying emissions The startling resurgence of the chemical, reported in Nature , will likely spark an global investigation to track down the mysterious source . At first, the researchers hypothesised that the sudden hike in CFC-11 might be due to the destruction of old buildings containing CFC-11 refrigerants. [Full Article...]


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