Economy

Amazon founder Jeff Bezos is richest man in modern history

Amazon founder Jeff Bezos is richest man in modern history The billionaire Amazon founder just saw his wealth climb from $120 billion to $150 billion over the last six months - a mere fraction of the 49 years it took him to gain his first $30 billion. Chairman Jack Ma, Asia's wealthiest person. The company's share price was $1,825.73 in late-morning trading in NY, extending its 2018 gain to 56% and giving Bezos a $150.8bn fortune. [Full Article...]

Qatar Airways finalizes order for five Boeing 777 freighters

Qatar Airways finalizes order for five Boeing 777 freighters European jetmaker Airbus and USA rival Boeing have been enjoying an nearly decade-long boom thanks to rising emerging markets growth and a need among Western airlines to upgrade their fleets, and order books are bulging. The company's sales forecast for the next two decades predicts a 5% rise to 31,360 in demand for single-aisle aircraft, such as the Boeing 737 and Airbus A320 families, which are ... [Full Article...]

Singapore Airlines the World's Best Airline in 2018

Singapore Airlines the World's Best Airline in 2018 Singapore Airlines has been named the world's best airline for the fourth time in the annual World Airline Awards . The Asian carrier pipped Qatar Airways - last year's victor - to the gong, with Japan's All Nippon Airways completing the podium. [Full Article...]

Papa John's founder says resigning over N-word use was a mistake

Papa John's founder says resigning over N-word use was a mistake Schnatter resigned as chairman and quit the University of Louisville board of trustees last week after publicly apologizing for using the N-word during a media training with a marketing agency . Schnatter's lawyer, Patricia Glaser , said in a separate letter that her client "is not going to go quietly", arguing that the board of directors can not remove Schnatter as chairman without submitting... [Full Article...]

Theresa May is pleasing no one with her Brexit balancing act

Theresa May is pleasing no one with her Brexit balancing act If Mrs May loses the vote, the government will be forced to ensure Britain remains in a customs union with the EU if no agreement on trade is reached by January 2019. "The Tory government is riding roughshod over the Scottish Parliament's voice on Brexit". Since the Chequers agreement, May had lost ten government members, including from the cabinet Brexit secretary David Davis and foreign mini... [Full Article...]

Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

Far from it, revenue for the quarter checked in at $3.1 billion, a modest 10% increase from the same quarter a year-ago. The Los Gatos, Calif., company added 670,000 subscribers in the United States and 4.47 million subscribers internationally - well short of the 6.2 million Wall Street expected. [Full Article...]

Prime Day lands Amazon in dog house as site crashes

Prime Day lands Amazon in dog house as site crashes Amazon has released several teaser deals in preparation for the bigger discounts later on this evening, giving huge discounts to TVs, Smartphones, Cameras and many more goods. The company will offer free Amazon Prime trials, deals at Whole Foods, a massive concert performed by Ariana Grande and more. Talking about the exclusive announcements, the first day of Amazon Prime Day sale is expecte... [Full Article...]

Trump administration files World Trade Organization complaint against Canada’s retaliatory tariffs

Look no further than the stock market for confirmation that the U.S.is getting the best of China on trade, he said. "This trade dispute will definitely have an impact on China-US trade and will have a very negative impact on global trade", said customs administration spokesman Huang Songping. [Full Article...]

Papa John’s to remove founder’s image from ads

Papa John’s to remove founder’s image from ads In fact, Schnatter's own company is trying to distance itself from him. A special committee of the board of directors met on Sunday to discuss its founder John Schnatter. After blaming declining sales on the NFL 's inability to resolve their national anthem protest issue, the NFL dropped him as their official pizza. We're in the process of bringing in outside experts to help audit our company... [Full Article...]

British rescue diver threatens Elon Musk with lawsuit for 'pedo' tweet

British rescue diver threatens Elon Musk with lawsuit for 'pedo' tweet Unsworth, who provided mapping knowledge of the cave to rescuers, said Musk's prototype would have had " absolutely no chance of working ". "We will make one of the mini-sub/pod going all the way to Cave 5 no problemo", he wrote. He then doubled down on the claim, tweeting from his official account to more than 22 million followers: "Bet ya a signed dollar it's true". Narongsak Osatanakorn, the ... [Full Article...]

Amazon wants everyone to sign up for Prime before Prime Day

Amazon wants everyone to sign up for Prime before Prime Day This time, Amazon promises over 200 exclusive product launches . Amazon's annual Prime Day sales event starts at 12 p.m. PST Monday, July 16 , and if previous years are any indication, it's going to be a big one (and the longest one yet, running for a full 36 hours and ending on July 17). [Full Article...]

Tech giant launches $300 mn 'green' fund for China suppliers

Tech giant launches $300 mn 'green' fund for China suppliers Initial suppliers involved in the fund include Catcher Technology , Compal Electronics, Golden Arrow, Jabil, Pegatron , and Sunway Communication, among others. At the time, CEO Tim Cook said the company was "committed to leaving the world better than we found it". A customer is shown a new iPhone X at an Apple Store in Beijing, China November 3, 2017. [Full Article...]

China does not need U.S. soybeans for state reserves

China does not need U.S. soybeans for state reserves It also comes as demand for soymeal has already been hit by losses in the pig farming sector, the report said. Chinese buyers have not been buying American soybeans at the same rate this year, and producers are leery to ship them for fear the shipment may not be accepted when it reaches China, University of Arkansas agriculture economist Bob Stark told Talk Business & Politics earlier this week. [Full Article...]

Target tries its own version of Prime Day

Target tries its own version of Prime Day Visit the Amazon Prime Day zone at a mall near you to experience these products in Virtual reality. Talking about the discounts to be offered on the smartphones, the Google Pixel 2 will be priced at Rs. Amazon will launch the OnePlus 6 in a red colour variant with 8GB RAM and 128GB internal storage. Amazon Prime Day begins in India from 12pm on July 16, and will run for a duration of 36 ... [Full Article...]

Russia blasts Greece over cybercrime suspect’s extradition

Russia blasts Greece over cybercrime suspect’s extradition A Greek court agreed Friday to extradite to France a Russian cybercrime suspect who also is wanted on criminal charges in the United States and Russia. "It is obvious that Russian Federation can not leave these actions unanswered", the statement warned. At the NATO Summit on 12 July, the 29 leaders of the Alliance invited FYROM to start accession talks, triggering a strong reaction from Russian ... [Full Article...]

Furious Elon Musk calls Thailand cave rescue diver a 'pedo'

Furious Elon Musk calls Thailand cave rescue diver a 'pedo' Mr Musk travelled to the Tham Luang caverns in Chiang Rai this week and presented the six-foot submarine - which he said could help free 12 schoolboys stranded for weeks inside the cave. Then, three days after the rescue operation was completed, CNN posted an interview with a British spelunker who had helped locate the boys. Thai officials involved in the rescue agreed with him as reported by ... [Full Article...]

Johnson & Johnson ordered to pay £3.6bn in talc cancer case

Johnson & Johnson ordered to pay £3.6bn in talc cancer case The jury heard testimony from cancer survivors in the case and their families. In both cases, the science is far from certain. Ingham was 41 when she was diagnosed with ovarian cancer. Still, studies conducted to assess their safety in consumer products have yielded contradictory findings . However asbestos, which can contaminate talc if not carefully extracted or purified, is a carcinogen. [Full Article...]

Why Hulu is a real prize in the battle for Fox

Why Hulu is a real prize in the battle for Fox Now Walt Disney Co. and Comcast Corp. are trying to buy most of the 87-year-old's business empire, hoping his content and distribution channels will help them confront the rapidly emerging threat from Netflix Inc. Fox and Disney are prohibited from engaging with Comcast but if Comcast presents an improved offer to the board of Fox, Murdoch is likely to abstain from a vote to decide wheth... [Full Article...]

Oil rattled by trade war sets price on course for weekly slump

Oil rattled by trade war sets price on course for weekly slump Libyan production being offline had earlier been one of the causes for rallies in the oil market. Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, closing Shell's Knarr field, which produces 23,900 barrels of oil equivalent per day. [Full Article...]

Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy'

Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy' Elon Musk waded into last week's cave rescue of a Thai youth soccer team, tossing off impressively science-y sounding rescue tips on Twitter and showing up at the mouth of the cave, "kid-sized" submarine in tow. "Thai navy seals escorted us in - total opposite of wanting us to leave". Musk lashed out on Sunday, saying he would make a video proving that his "mini-sub" would have been succes... [Full Article...]


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