Money

Passport-free travel? New technology changing the airport experience

Passport-free travel? New technology changing the airport experience When fully integrated, the biometrics system will enable passengers to complete most stages of their airport journey using their face as their access identification. Qantas Chief Customer Officer Vanessa Hudson said the airline was focused on increasing the use of technology to drive innovation for customers. During the first phase of testing, passengers will be able to use the technology to c... [Full Article...]

China court bans Micron chip sales in patent case

China court bans Micron chip sales in patent case Share slid 5.5% Wednesday after a Chinese court ruled in favor of United Microelectronics and Fujian Jinhua Integrated Circuit, which said Micron had infringed on patents in China. China represents about one quarter of the worldwide sales of memory chips, while half of the revenue generated by Micron is from sales in China, with an additional 12.5% from sales of chips in Taiwan . [Full Article...]

US Starbucks employee fired after mocking stuttering customer

US Starbucks employee fired after mocking stuttering customer The worker then proceded to spell his name as "SSSAM" on the 28 year-old student's cup of iced coffee, to the fury of his friend Tan Lekwijit . NBC 10 reports that a customer named Tan Lekwijit was grabbing coffee with his friend Sam at a Starbucks in the University City neighborhood. [Full Article...]

Air New Zealand First to Offer Plant-Based Impossible Burger

Air New Zealand First to Offer Plant-Based Impossible Burger New Zealand First primary industries spokesperson Mark Patterson issued a press release warning that the veggie burger could pose "an existential threat to New Zealand's second biggest export earner" and was a "slap in the face" for the NZ$9bn red meat sector. [Full Article...]

New Brunswick's economy bled 1,100 jobs in June, pushed unemployment rate up

Only retail showed a significant loss while many other sectors remained largely unchanged. This showed a slight improvement in those who chose to go into the workforce. "As the labor market tightens we should see more businesses raisings wages, offering training, and hiring workers from all corners of the labor market", she added. [Full Article...]

USA tariffs on China take effect as Trump trade war escalates

USA tariffs on China take effect as Trump trade war escalates The president said USA tariffs on an additional $16 billion in Chinese goods are set to take effect in two weeks. The riskiest economic gamble of Trump's presidency could spread as it enters a new and unsafe phase by imposing direct costs on companies and consumers globally. [Full Article...]

Tesla stopped doing brake test on Model 3s amid production ‘hell’

Tesla stopped doing brake test on Model 3s amid production ‘hell’ The achievement of the production milestone suggests "higher costs, given the seemingly inefficient methods in which Tesla is reported to have achieved its production target " including the construction of a temporary assembly line in a tent next to its main factory, Brinkman said. [Full Article...]

Iran tells Trump: stop tweeting, it's driving up oil prices

Iran tells Trump: stop tweeting, it's driving up oil prices Expectations of the US EIA stockpiles draw buoy oil prices . While Saudi Arabia is facing mounting pressure from Trump to do more , America's oil sanctions on Iran and trade frictions with China are adding to uncertainties with planned USA tariffs on Chinese goods set to start Friday. [Full Article...]

Trump will delay NAFTA talks until after mid-terms Nov

Trump will delay NAFTA talks until after mid-terms Nov President TrumpDonald John TrumpTrump congratulates Mexico's new president: "I look very much forward to working with him" Comedian who allegedly prank-called Trump says he has hired Michael Avenatti Ex-Trump aide pushes for Hope Hicks as chief of staff: Trump will "listen to women more than men" MORE spoke Monday morning with Andrés Manuel López Obrador, the president-elect of Mexico, about ... [Full Article...]

Trump trade war to become reality as China tariffs hit

Trump trade war to become reality as China tariffs hit Chinese Commerce Ministry spokesman Gao Feng said that the proposed USA tariffs would hit many American and foreign companies operating in China and disrupt their supplies of components and assembly work. He added that the trade war could cancel out previous gains from tax-code rewrite that Trump signed into law past year. "To put it simply, the USA is opening fire on the entire world, including... [Full Article...]

Netflix's 'Ultra' Plan Will Charge More for UHD Content

Netflix's 'Ultra' Plan Will Charge More for UHD Content Netflix is still in the testing phase , so only some customers will have the option to try out the new plans. The £5.99/$7.99/€7.99 Basic package affords users the ability to stream to a single screen in standard resolution. The company also noted that it may not actually roll out the test subscriptions. The main difference between Ultra and the previously most expensive plan, Premium, is the ava... [Full Article...]

China presses Europe for anti-U.S. alliance on trade

China presses Europe for anti-U.S. alliance on trade The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after midday in Beijing . U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as $400 billion in Chinese goods if Beijing retaliates against the U.S. [Full Article...]

China's HNA Group co-chairman Wang Jian dies after fall in France

China's HNA Group co-chairman Wang Jian dies after fall in France Shares of HNA's Hong Kong-listed subsidiaries slumped Wednesday after HNA published a statement on Wang's death, which occurred Tuesday. It has acquired big stakes in major companies like Hilton Hotels and Deutsche Bank and employs more than 400,000 people worldwide. [Full Article...]

US tries to block China Mobile's entry

US tries to block China Mobile's entry The Federal Communications Commission (FCC) should deny the China Mobile's 2011 application to offer telecom services between the United States and other countries, the National Telecommunications and Information Administration (NTIA) said in a statement posted on its website. [Full Article...]

Trump Administration Drafting Bill to Pull US Out of WTO?

Trump Administration Drafting Bill to Pull US Out of WTO? The draft bill is known as the United States Fair and Reciprocal Tariff Act , which would essentially allow President Trump to unilaterally raise tariffs without Congressional approval. Jean-Claude Juncker, the European Union commission president, is set to travel to Washington this month for a meeting with Trump, and European Union officials will take part in a public hearing organised by ... [Full Article...]

Baidu starts mass production of autonomous buses

Under the agreement, a version of Baidu's Apolong autonomous mini bus will be exported to Japan from China in early 2019. "2018 marks the first year of commercialization for autonomous driving", said CEO and chairman Robin Lee. "They will help with shuttle services around nuclear power stations and senior communities in Japan", for example, said Li. Apollo is classified as level-four automati... [Full Article...]

US Economy Could Lose $14B Over Auto Import Tariffs

US Economy Could Lose $14B Over Auto Import Tariffs As of this week, approximately $75 billion worth of US exports will be subject to retaliatory tariffs. It calculated that a 25 percent tariff would slash an initial $13-14 billion (up to Rs 96,331 crore) off United States gross domestic product, with no predicted improvements to its own incomes. [Full Article...]

Retaliatory tariffs now in effect

Retaliatory tariffs now in effect Both industries are at the centre of the current trade dispute with the United States. Canada imposed tariffs on about $12.5 billion worth of US goods, meant to be proportional to steel and aluminum tariffs imposed by the United States in June. [Full Article...]

Saudis to pump 2mn more barrels of oil

Brian Hook, the State Department's director of policy planning, told a news conference that the USA goal was to get as many countries as possible down to zero Iranian oil imports. Buyers of Iranian crude oil have been hoping for relief from US sanctions in order to have more time to reduce purchases. "We are working to minimize disruptions to the global market but we are confident there is suf... [Full Article...]

Trump takes to Twitter to continue rant against Harley Davidson

Trump takes to Twitter to continue rant against Harley Davidson President Trump took another shot at iconic American motorcycle maker Harley-Davidson on Tuesday, saying on Twitter the administration was looking to work with rivals now that Harley announced production shifts in response to USA trade policy. [Full Article...]


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