Finance

by | July 09, 2019 | 05:27

Abdirahman Muse, the Executive Director of the Awood Center, a group that advocates for East African workers, said that these workers have been bemoaning conditions for nearly 18 months. Amazon has faced criticism from stateside employees, with Minnesota being one of the hotbeds of such worker activism. These include relaxing pressure on workers to meet quotas during Ramadan and the designation of a conference room as a prayer space.

by | July 08, 2019 | 20:28

At least this approach has a better chance of succeeding than building up Deutsche Bank's private-banking business, where leaders UBS Group AG and Credit Suisse AG are trying to beat back the challenge of Chinese and Singaporean firms. Bankers seen leaving Deutsche Bank's Sydney office on Monday said they had been laid off, but declined to be identified as they were due to return later to sign redundancy packages.

by | July 08, 2019 | 18:25

Gero commented that "with all the global worries of [an] economic pullback, political worries, Middle East problems, US politics, Brexit and euro-zone worries, there is enough to urge buyers for gold to step up when large event-driven selling occurs", Gero said.

by | July 08, 2019 | 03:26

To facilitate its restructuring, Deutsche Bank expects to take approximately Euro 3 billion of aggregate charges in the second quarter of 2019, of which approximately Euro 0.2 billion would impact Common Equity Tier 1 capital. Deutsche Bank said it will cut its global workforce to 74,000 by 2022 and that the restructure will cost €7.4bn over the next three years. Paul Achleitner, the chairman of Deutsche's supervisory board, said: "Deutsche Bank has been through a hard period over the past ...

by | July 07, 2019 | 22:41

In a statement Friday, the Tempe Officers Association said six officers walked into a Starbucks to enjoy some coffee on July Fourth. "Unfortunately, such treatment has become all too common in 2019", the police organization wrote on Twitter .

by | July 07, 2019 | 19:26

Economists surveyed by Dow Jones had expected nonfarm payrolls to rise by 165,000 and the unemployment rate to hold steady at 3.6%. House Speaker Nancy Pelosi, though, said the god jobs news wasn't enough. Wages advanced 3.1% from a year earlier, consistent with the prior month's pace. Of course, the bad news for Trump is that the secretive Federal Reserve bank is now far less likely to lower interest rates at its meeting later this month.

by | July 07, 2019 | 13:47

The outpouring followed a judge in Washington State signing off on the end of MacKenzie's 26-year marriage to Jeff Bezos , who has earned an estimated $275 million per day this year. Text messages showed they were speaking romantically as far back as April past year. Regardless, the breakup between the two aforementioned billionaires sparked the curiosity of the world and led to many memes on social media.

by | July 07, 2019 | 12:40

So far, 45 people in 13 states have been diagnosed with salmonella-related illnesses. "We have pulled bulk pig ear product from the shelves at all of our stores and have stopped shipping bulk pig ears from our Distribution Center", Pet Supplies Plus wrote in a company statement.

by | July 06, 2019 | 22:28

They will be given ₹70,000 crore capital to boost credit growth in the country, which has been slow for the last few years. More than 3 trillion rupees ($43.81 billion) of government money has gone into the banks in that period. NBFCs, she said, are playing a very import role in sustaining the consumption demand as well as capital formation in small and medium industries. The government is also walking the talk.

by | July 06, 2019 | 15:23

The most active gold contract for August delivery went down 20.80 USA dollars, or 1.46 percent, to settle at 1,400.10 dollars per ounce. The metal is set for a weekly decline of 1.3%, which could be its biggest since end-March. Gold is often seen as an alternative investment during times of political and financial uncertainty. Silver futures for September ended down $0.335, at $15.001 an ounce, while Copper futures for September settled lower by $0.0220, at $2.6610 per pound.

by | July 06, 2019 | 13:42

JLR has built a new battery assembly plant at Hams Hall, between Coventry and Birmingham , which will be capable of making 150,000 units a year - equivalent to a third of JLR's 2018 output from the United Kingdom of 449,000 cars. The new Battery Assembly Centre at Hams Hall will become operational in 2020 and will become "the most innovative and technologically advanced in the United Kingdom with an installed capacity of 150,000 units".

by | July 06, 2019 | 13:10

Linton's strategy of chasing growth at the expense of near-term profits seemed to have fallen out of favor with top Constellation executives, who are under pressure to provide a clearer timeline on a return on investment in Canopy, Kessner said.

by | July 06, 2019 | 12:23

That would roughly match the average monthly gain this year and would mark a healthy rebound from the meager 75,000 jobs that were added in May. Traders are still pricing in a 100% probability of a rate cut in July, but by less than previously expected.

by | July 06, 2019 | 11:28

Already, operating profit in the second quarter was slightly higher than first-quarter numbers. Operating profit for the second quarter is forecast to reach about 6.5 trillion won (US$5.6 billion), down 56 percent from a year earlier, the firm said in a statement.

by | July 06, 2019 | 06:25

The CMA said Friday that it served an initial enforcement order on the two companies on June 24, signalling possible concerns about the transaction. The CMA said it had reasonable grounds for suspecting that Amazon and Deliveroo "have ceased to be distinct " and is considering a formal antitrust investigation.

by | July 06, 2019 | 05:54

USA stocks declined on Friday as the newly-released strong jobs data dimmed hopes for easier Federal Reserve monetary policy . USA construction employment rose by 21,000 jobs last month after gaining 5,000 in May, while government payrolls rebounded by 33,000 after shedding 11,000 jobs in May.

by | July 06, 2019 | 01:43

British Columbia led the nation for the most employment increase in the industry. Described as the "Trivago of jobs boards", the new website pulls in postings from the region's most popular job boards hourly and allows users to browse where in the city jobs are located, and whether they are close to public transit routes, childcare, and other services.

by | July 06, 2019 | 01:31

The fire broke out just before midnight on Tuesday at a warehouse used to store bourbon in barrels for aging, firefighters said. Wednesday, fire officials made the decision to let the fire burn itself out rather than put more water on it, which they say would cause more bourbon to run off into the waterways.

by | July 05, 2019 | 18:42

Topping the list for safety assist features with a score of 94 per cent, the Tesla Model 3 benefits from the same safety features that apply to all Tesla vehicles and which are frequently updated thanks to over-the-air software issued by the carmaker.

by | July 05, 2019 | 18:41

We'll point out straight away that the X7 Pick-up, as it's referred to, isn't production-bound. Working with BMW's concept vehicle division, a group of students based in Munich helped to create the X7 Pick-up in just ten months. From a concept to a vehicle in show auto quality in just ten months.In just ten months, the twelve trainees from the occupational sectors body and vehicle mechanics (m/f/x), vehicle mechatronics (m/f/x) and technical model construction (m/f/x) turned a concept into a ...

by | July 05, 2019 | 18:28

Deutsche Bank's spokesperson mentioned that the bank is in the process of finding the best structure for maintaining healthy profitability for the long-term. Big cuts to its investment bank could make it harder for the lender to fulfil this role and would mark a reversal of a decades-long expansion that began with the purchase of Morgan Grenfell in London in 1989 and continued a decade later by taking over Bankers Trust in NY.

by | July 05, 2019 | 18:22

An external phone charger appears to have caused the fire. MA state police said that the crew extinguished the fire caused by a suspected faulty battery charger on board the A330 Airbus plane on Thursday night local time. One passenger refused treatment for a smoke-related complaint. Virgin said it was investigating the incident. Virgin Atlantic clarified that its cabin crew is trained to a high standard and acted quickly in response to the incident.

by | July 05, 2019 | 18:16

The economy, which has expanded a record 10 years, has shifted into lower gear as the stimulus from last year's massive tax cuts and more government spending fizzles. Nearly all those gains were at the local level. In conjunction with June's payroll data, the BLS revised May employment numbers down from positive 75,000 to 72,000, while the April number was also lowered from 224,000 to 216,000.

by | July 05, 2019 | 16:58

Lygon will be working by digitizing the issues related to the management of bank guarantees in the retail property lease sector. Currently, the process of issuing bank guarantees is typically a manual, paper-based procedure. The Lygon pilot follows a similar proof of concept run by Westpac, ANZ, Scentre and IBM in 2017. This new, digital process increases transparency and security through the use of blockchain technology while maintaining the privacy required in such a business ...

by | July 05, 2019 | 16:32

It's the first federal appeals court to hold that Amazon is a product "seller" that can be held liable under state law for sales on its marketplace. Till date, several courts, including two federal appeals courts, have maintained that Amazon can not be held liable for goods sold by third-party merchants on its website.