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Parliament ousts Spain PM, replaced by Socialist leader Pedro Sanchez

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But Rajoy's departure after six years in office casts one of the euro zone's top four economies into an uncertain political landscape, just as another - Italy - pulled back from early elections. Mr Rajoy's position had become increasingly untenable, undermined by his status as head of a corruption-tinged minority government as well as a divisive independence drive in Catalonia. Read More »

Higher Ground Website Temporarily Shut Down Amid Ticketfly Hack

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The company, which acquired Ticketfly from Pandora (NYSE: P) for $200 million past year will have to do major damage control, particularly if the data breach of its customers and clients was as significant as seems possible given the information we have available at this time. Read More »

Southwest Airlines to offer daily non-stop flights to Denver

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The difficulty, Southwest explained in a statement, was a passenger who appeared to be smoking in a lavatory. "It looked like that someone needed to smoke a joint on a plane, and he went into the bathroom, smoked his blunt, and set off the fire alarm." This is the 15th new non-stop flight announcement for El Paso International Airport since 2015, according to City officials. Read More »

Buffet Offered Uber USD3 Billion Investment But Talks Failed

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A Berkshire investment would have served as something of a stamp of approval for Uber ahead of an eventual IPO. The company has already secured some very lucrative deals to help finance its future ambitions, including scoring a $1.25 billion direct investment by the independent financier SoftBank Group, Inc. Read More »

San Francisco subpoenas Uber, Lyft for driver wage information

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The San Francisco-based ride-hailing companies have long faced the employee-vs. -contractor question. The request comes after a California Supreme Court ruling that set new requirements for companies using independent contractors, including that they provide fair wages and benefits. Read More »

Italy banker warns on political crisis as investors…

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Italy's President Sergio Mattarella on Thursday summoned Giuseppe Conte to his palace, where he is expected to hand him his second mandate to form a coalition government in eight days. Five Star leader Luigi Di Maio will also become a deputy prime minister as well as head up the ministry of labor and economic development. "The immigration question is still hot, so I will ask all who are concerned with it how we can improve it", he said. Read More »

Economy beats job growth estimates in May as unemployment continues to fall

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And I'll be soon saying that will be "in history" also very soon. The participation rate, or share of working-age people in the labor force, decreased to 62.7 percent from 62.8 percent the prior month. The strong employment report added to a string of solid economic data, including consumer spending and industrial production, that have suggested economic growth accelerated early in the second quarter after slowing at the beginning of the year. Read More »

Trudeau declines to meet Trump after Pence sets precondition

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Trump's administration insisted on it and Trudeau flatly refused. "From the beaches of Normandy to the mountains of Afghanistan, we have fought and died together", Trudeau said in a Thursday speech . "Those days are over". He estimated the USA tariffs would affect $4 billion in trade between the two countries. Trudeau, a regular advocate of free trade and multi-lateralism, placed the blame squarely at Trump's feet. Read More »

Shares of Deutsche Bank fall on report of Fed downgrade

Sewing also addressed USA regulatory concerns following the Wall Street Journal report that said the Federal Reserve had designated Deutsche Bank's operations as in a "troubled condition". "The bank appears set for a period of sustained underperformance compared with peers, many of whom have now finished restructuring", the ratings agency said. Read More »

Italy weighs new chances for gov't based on vote

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Spain's bond-yield spread with Germany was also at its widest in seven months at 122 bps. Worries about fresh Italian elections had battered the euro earlier this weak with fears such a vote would effectively be a referendum on Italy's euro membership. Read More »

Channel 4: Seven cities in the running to be new national headquarters

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The firm's research assessed the cities based on several criteria including workforce suitability, housing affordability, creative industry provision and university links. The proposed "Creative Hub" has been outlined by Channel 4 as having: "a focus on programme commissioning, but will welcome a broader talent base as Channel 4 develop our plans and deepen our commitment in the Nations and Regions". Read More »

Trump hits EU, Canada, Mexico with steel tariffs

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The United Kingdom's trade secretary said the tariffs were "patently absurd". Financial markets dipped amid concerns about the disputes among trading partners, with the Dow Jones industrial average dropped more than 200 points. technological supremacy. After months in which it appeared the Trump administration had been backing away from tariffs amid infighting between the president's top economic advisers, Washington has over the past week ramped up its threats on trade. Read More »

Trade war risk stalks global economic upturn: OECD

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The Paris-based policy forum made up mainly of developed countries had in March pencilled in an estimate of 3.9 per cent for both years but trimmed its outlook for 2018 due to a weak start to the year because of temporary factors like bad weather. Read More »

Waymo to get more than 60,000 cars from Fiat Chrysler for robotaxis

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Fiat Chrysler and Waymo are also beginning discussions about using Waymo's self-driving technology in Fiat Chrysler-manufactured vehicles that would be available to retail customers, according to a statement. John Krafcik, Waymo's chief executive officer, often mentions the four business fronts the Alphabet arm is pursuing: ride-hailing, logistics, city partnerships and personal vehicle ownership. Read More »

China slams surprise USA trade announcement, says ready to fight

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Critics had accused the administration of going soft on China after Treasury Secretary Steven Mnuchin said tariffs were on hold while the two sides continue trade talks. China's government accused the Trump administration of hurting its credibility by acting erratically on trade and vowed Wednesday to fight back if Washington goes ahead with a threatened tariff hike. Read More »

U.S. imposes steel, aluminum tariffs on EU, Canada, Mexico

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Mexico's Economy Ministry said it would place tariffs on items such as steel , pork legs and shoulders, apples, grapes, blueberries and cheese. "We must work with the United States of America to find a way out of this current scenario that preserves our economic links, and we will continue working urgently with the U.S. Read More »

Joseph Starbucks Set to Close for Racial-Bias Training

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Tuesday for the remainder of the day to conduct its anti-bias training . He says he's also doing a training session of his own. Anti-bias sessions can incorporate personal reflections, explorations of feelings and mental exercises. She likened it to exercising a muscle. "It could be having a question that elicits something more interesting than, say, the weather or the traffic", Johnson said , stressing the need to "go well beyond the superficial". Read More »

U.S. slaps tariffs on European Union steel and aluminium

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Foreign Affairs Minister Chrystia Freeland said Thursday afternoon that Canada is hitting back with duties of up to $16.6 billion on steel, aluminum and other products from the USA, including maple syrup, beer kegs and whiskies. The talks around the monumental trade deal are stalled out , and new tariffs aren't likely to help break the deadlock. The administration is taking the action under a relatively obscure US trade law meant to protect national security . Read More »

Italy's Cottarelli Opens Door To Possible Eurosceptic Government

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Despite a €75 billion drop from their post-recession peak of €360 billion, problem loans in Italy still account for around 14% of total bank lending. Luigi Di Maio , head of the 5-Star Movement which emerged from inconclusive elections in March as the biggest party in parliament, appealed to the League to drop its insistence on Savona as economy minister, so that the two parties could resurrect their bid to govern together. Read More »

United States stocks surge as Italian worries ease; oil prices climb

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Advancing issues outnumbered declining ones on the NYSE by a 4.05-to-1 ratio; on Nasdaq, a 2.13-to-1 ratio favoured advancers. HP climbed 2.4 percent to $21.81. The German DAX was moving up 0.4 percent and the U.K.'s FTSE 100 was marginally higher while France's CAC 40 was down 0.6 percent after the release of disappointing data. Read More »

Banking services impacted as PSU staff go on 2-day strike

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Automated teller machines (ATM) may also take a hit. Besides, deposit in branches, FD renewal, government treasury operation, money market operation would see the impact of the strike. CLC said that officers and employees have to be paid for hard work and not based on profit. Those whose accounts are with ICICI, HDFC, Axis, YES Bank and IndusInd will not be impacted by the strike as they have no trade unions and hence won't participate in the two-day strike. Read More »

This airline is launching the world's longest flight in October

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Starting from May 31, passengers will be able to book the 9,500 mile-flight, which will last up to 18 hours and 45 minutes. The aircraft will be configured in a two-class layout, with 67 business and 94 premium economy seats. The airline will take delivery of its first A350-900ULR in September of this year and plans to have all seven aircraft by the end of 2018. "The flights will offer our customers the fastest way to travel between the two cities - in great comfort". Read More »

Scottish Hospital Treats Cryptocurrency Addicts

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The crypto addict course will run along similar lines to the gambling treatment course now offered by the medical facility, incorporating the treatment of associated mental health disorders such as depression, anxiety, post-traumatic stress disorder and sex addiction. Read More »

Aussie Shoppers Blocked From Using Amazon's US Website

In an email to customers on Thursday, the store said from July 1 Australian customers will be re-directed from Amazon.com to Amazon.com.au "as a result of changes to Australian GST law". National Retail Association CEO Dominique Lamb said Amazon's move was a surprise. The GST collection requirement came after years of intense lobbying from local retailers in Australia such as Harvey Norman, Myer, JB Hi-Fi and David Jones, who have seen their traditional bricks and mortar sales suffer from ... Read More »

Why So Many Privacy Policy Updates? Part 2 of 2

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That means that its USA customers will get European level privacy, despite the fact that it's not required under US law. "After 20 years of data protection legislation in place, it's only now with the GDPR they ( companies ) start to think about 'what's my role in the whole story?" Additionally, they need to ensure that their collectors are also GDPR compliant. Read More »

List of National Doughnut Day 2018 deals

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Get a free glazed doughnut with any purchase. Fans will also receive coupons for buy-one, get-one free doughnuts redeemable until June 17. New Englewood spot Sputnik will be offering a Regular sized strawberry sprinkle doughnut with the purchase of a cold brew. Read More »

Markets take breather as Italian leaders attempt solution

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Italy may hold repeat elections as early as July after the man asked to be prime minister failed to secure support from major political parties for even a stop-gap government, sources said on Tuesday, as markets tumbled on the growing political turmoil. Read More »

De Beers man-made diamonds for retail sale after years of resistance

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The new lab diamonds from De Beers will sell for about $800 a carat. Lab-grown diamonds have a very similar appearance to mined diamonds. CNN notes it's a big change for a company whose execs had pledged to never sell lab-grown stones; it even created a machine whose goal is rooting out such fakes. Read More »

Microsoft Just Became More Valuable Than Google

Microsoft is now valued at $753 billion, while Alphabet , the parent company of Google, is valued at $739 billion. Apple leads with a market cap of almost $924 billion and Amazon is at distant second, with almost $783 billion. In contrast, about 86 percent of Alphabet's revenue comes from Google ads. As CNBC noted today, Google first passed Microsoft in market cap six years ago, and has been ahead since 2015 when it created Alphabet as a parent company. Read More »

Indian CFO Will Decide When Tesla Will Enter Country, Says Elon Musk

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Consumer Reports said it will rent another Model 3 from Tesla to check on the changes and will report back on the results. Consumer Reports on Wednesday did an about-face on its harsh review of the Tesla Model 3 , saying it now recommends the mass-market sedan after a software update shortened its braking distance by almost 20 feet. Read More »

US following through on 25 percent Chinese tariff

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The White House said a list of products would be announced June 15. Beyond the student limits, U.S. consulates and embassies reportedly received instructions that any Chinese citizen applying for a visa will need to secure additional special permission form the U.S. Read More »

Singapore Airlines to launch world's longest commercial flight in October

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Flights between NY and Singapore are now operated using the double-decker Airbus A380 with a stopover in Frankfurt, Germany. In recent years, there has been a surge in ultra-long-haul flights as low fuel prices and new aircraft that are lighter weight and more efficient have made them cheaper to operate than before. Read More »

Alberta premier cheers pipeline purchase; opponents express concern, caution

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The issue has divided two Canadian provinces, pitting Alberta's government against leaders in British Columbia. "This is an investment in Canada's future", he said . Kean said the Canadian government would help search for an alternative buyer. "The federal government has made a choice, a decision that was motivated by the decisions of a private company that gave a deadline, not to me, not to the people of British Columbia, but to someone they characterized as stakeholders", Horgan said. Read More »

Canadian Hacker Gets Five-Year Sentence Following 2014 Yahoo Breach

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Akhmet Tokbergenov, left, and Dinara Tokbergenova, parents of alleged Yahoo hacker Karim Baratov, leave the court after their son was denied bail, with lawyer Deepak Paradkar, right, in Hamilton, Ont. The same agents were also allegedly responsible for the 2014 hack of Yahoo that compromised 500 million user accounts. Baratov is believed to have collected more than $1.1 million in fees, which he used to buy a house and expensive cars. Read More »

Stocks take battering as Italian crisis roils financial markets

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This followed the slump of European markets on May 29, when the Milan stock index fell by 3%, with Italian bonds seeing a decline reminiscent of the 2011 financial crisis.The major indexes in Frankfurt, London and Paris also fell, as the yields on 10-year British, French and German bonds plunged. Read More »

After 16 days of surge, petrol and diesel prices fall across country

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International Olympic Committee this morning had claimed the reduction in petrol price was by 60 paise, which was Rs 77.83 a litre and diesel by 56 paise to Rs 68.75 in Delhi . The Narendra Modi government, which came to power in May that year, took advantage of the low oil prices to jack up the excise duty on petrol and diesel. Read More »

California rolls out digital license plate pilot program

The plates are not cheap - coming in just under $700, plus an $8 per month service plan - and are not available through the DMV. After years in development, California is finally rolling out its digital license plate pilot program. Right now, the company behind the plates, Reviver Auto, believes that the initial interest in their product will come, as Roy suggested, from companies for the goal of managing fleets of taxis or other working vehicles. Read More »

Teslas ‘crash with Autopilot engaged’ in California and Greece

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The collision happened at 11:07AM local time, Laguna Beach PD told the LA Times . Laguna police Sgt. Jim Cota told the newspaper that an officer was not in the cruiser when the crash occurred. The system will warn drivers when they need to retake control of the vehicle. A Greek police official said on Tuesday that no other vehicle was involved in the Friday-night accident in northern Greece and no one was injured. Read More »

Pret a Manger sold for $2B to Bridgepoint

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Today, CNBC reports that the whole operation will now come under control of JAB Holdings, a Luxembourg-based company owned by Germany's Reimann family, which has made a decision to purchase the chain from private-equity firm Bridgepoint for a reported $2 billion. Read More »

Oil prices mixed but expected output increase a drag

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Brent crude futures were at $75.09 a barrel at 4.52am GMT, down $1.35, or 1.8%, from their last close. The price has fallen by almost 7 percent since hitting a 2014 high above $80 on May 22. "Where the balance is heading going forward largely depends on political factors", Julius Baer's Norbert Ruecker said in a note. "High uncertainty clouds the short-term outlook and we maintain a neutral view". Read More »

European Union proposes ban on single-use plastics

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That was in sharp contrast to the reactions to some other environment-related legislative proposals coming out of Brussels recently, like the one on new Carbon dioxide standards for cars. For SUP items that don't have available replacements, various measures will reduce the waste and discourage inappropriate disposal, as well as ensuring that the costs of such wastes fall on the producers of the single-use plastic items, in line with the EU's strong "polluter pays" principle. Read More »

Starbucks to close over 8000 stores for anti-bias training

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Starbuck's Chairman Howard Schultz says the coffee chain's restrooms will be open to anyone who wants to use them, paying customer or not. 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. Read More »

Tesla Flies in New Battery Production Line for Nevada Gigafactory

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Despite the financial troubles, delays in Model 3's production, as well as liability and safety disasters with Autopilot, it looks like Tesla still has plans for its next electric cars . Consumer Reports's review doesn't mention any issues with the vehicle's semiautonomous driving technology, but it does claim the Model 3's stopping distance at 60 miles per hour - approximately 152 feet - is "far worse" than any recent model they've tested and "about seven feet longer than the stopping ... Read More »

No end in sight as fuel price surges for 13th day

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NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and overseas. After a 19-day pre-Karnataka poll hiatus, oil marketing firms have been increasing petrol and diesel prices everyday since May 14. Read More »

European Union proposes bloc-wide ban on single-use plastics

The PlasticsEurope association urged the European Commission to "avoid shortcuts". The European Commission on Monday proposed banning single-use plastic products such as cotton buds and plastic straws and putting the burden of cleaning up waste on manufacturers in an effort to reduce marine litter. Read More »