Economy

BC judge expands pipeline injunction as protesters use 'calculated' defiance

BC judge expands pipeline injunction as protesters use 'calculated' defiance Now she says there is a third reason. The Pipelines segment operates Trans Mountain pipeline that transports approximately 300,000 barrels per day of crude oil and refined petroleum from Edmonton, Alberta to Burnaby, British Columbia; Puget Sound pipeline serving Washington State; and Jet Fuel pipeline serving Vancouver International Airport. [Full Article...]

Italian populists sworn into power as Eurosceptics cheer

Italian populists sworn into power as Eurosceptics cheer President Sergio Mattarella's veto of 81-year-old euroskeptic Paolo Savona as economy minister appeared to tip the country back toward repeat elections and triggered a dramatic speculative attack on Italian financial markets. The handover of power follows an inconclusive March election and months of political turmoil which had spooked global financial markets and spread unease among Italy's Europe... [Full Article...]

Petrobras CEO resigns, raising questions over Brazil economy

Petrobras CEO resigns, raising questions over Brazil economy Even though Parente and the government of Michel Temer, whom Parente serves, want to make the privatization project of the Brazilian oil company a reality, Petrobras is still a public company, the text insisted, which rejected a message sent by the executive to the oil companies urging them to think about the consequences that could result from the strike. [Full Article...]

U.S. unemployment rate fell to 18 years low at 3.8%

U.S. unemployment rate fell to 18 years low at 3.8% The unemployment rate for workers with less than high school degrees fell by 0.5 percentage points and those with just high school degrees fell by 0.4 percentage points, while workers with college degrees saw a fall of 0.1 percentage points. [Full Article...]

Alibaba and Cainiao into strategic agreement with ZTO

Alibaba and Cainiao into strategic agreement with ZTO The vehicles can be mass-produced, allowing the rapid expansion of unmanned logistics vehicles and streamlining mass market delivery logistics, for the rapid popularization of the vehicles. See thousands of the newest technologies in action, learn about the latest applications, including AI, Autonomous Vehicles, IoT, and Medical, and develop invaluable partnerships at the only event dedicated to s... [Full Article...]

Another Dog Dies on Delta During Layover

Another Dog Dies on Delta During Layover So far the cause of death has not been determined. "Delta is conducting a thorough review of the situation and have been working directly with Alejandro's family to support them however we can", the airline said in a statement. When Dellegrazie picked up his dog's body and belongings, the Delta cargo facility was under investigation and blocked off with caution tape, a video by WDIV shows. [Full Article...]

New US tariffs would make trade deals void, China says

New US tariffs would make trade deals void, China says No formal trade deals came out of that meeting, but China agreed last month to "significantly increase purchases of United States goods and services", according to a White House statement . Ross, who was preceded in Beijing last week by more than 50 U.S. officials, is expected during the two-day visit to try to secure long-term purchases of USA farm and energy commodities to help shrink the U... [Full Article...]

Google retreating from military Artificial Intelligence project

Google retreating from military Artificial Intelligence project Now, it appears that the blowback pressured Google into backing away from Maven: the contract expires next year and won't be renewed, Google Cloud CEO Diane Greene told employees in a meeting Friday morning, according to Gizmodo . It was not immediately clear whether Greene's remarks on Friday would alleviate employee concerns and if the rally would go ahead. "It would not be appropriate ... [Full Article...]

Plane makes emergency landing after passenger emits 'horror' smell

Plane makes emergency landing after passenger emits 'horror' smell One of the passengers Piet Van Haut told Euronews: " The smell was worse than a corpse that had been decomposing for months. Airplane had to make a emergency landing because the "unbearable" smell of a passenger's body made others vomit and faint. [Full Article...]

Amazon Rankles Australian Clients by Pushing Them to a Native Web site

Amazon Rankles Australian Clients by Pushing Them to a Native Web site The move, in response to changes to Australia's Goods and Services Tax (GST), highlights the "peril" of the New Zealand Government's plan to introduce its own "Amazon tax" locally. People trying to reach Amazon's United States website will be redirected to the Australian site, which appears similar but offers a smaller range of products. [Full Article...]

Economics - Deutsche Bank cut by S&P in latest blow for Sewing's revamp

Economics - Deutsche Bank cut by S&P in latest blow for Sewing's revamp The rating agencies "are looking for the restructuring of activities to happen quickly and decisively", Deutsche Bank chief financial officer James von Moltke said on an analyst call in late April. And a source familiar with the ECB's thinking made it clear that Deutsche Bank had made "good progress" in its efforts to address regulatory concerns. [Full Article...]

Zero bidders for debt-stricken Air India as deadline closes

Zero bidders for debt-stricken Air India as deadline closes The CBI case against AirAsia and its officials for alleged efforts to manipulate government policies would not have any impact on Air India's disinvestment process, according to a senior official . Such a divestment plan would have invited huge interest from domestic airlines-national and regional-in the belief that each would be taking on a smaller, yet manageable, proportion of Air India'... [Full Article...]

Sault and area tickets win $2 million

Two tickets sold in the Sault Ste. On Saturday, May 19, another LOTTO 6/49 ticket - this one sold in Calgary - won a $2.5 million jackpot prize. Not a lot of information about the ticket holders whereabouts are known just yet, but what we do know is that the ticket was sold somewhere in the mid-west of the country. [Full Article...]

Minimum wage in BC hikes to $12.65 tomorrow

Minimum wage in BC hikes to $12.65 tomorrow Although the national minimum wage remains stuck at $7.25 an hour, a wave of states and municipalities have taken it upon themselves over the past few years to raise the amount, in some cases to as much as $15 an hour. Saskatchewan's minimum wage of $10.96 is now the lowest in Canada. "Retailers will have to look at the numbers of hours or even the number of employees they are employing and redu... [Full Article...]

Oil rises to $76 as tight current supply in focus

Oil rises to $76 as tight current supply in focus Brent crude prices have jumped 13 per cent this year and the production cuts achieved a key goal of eliminating the global surplus. Added supply will likely only offset upcoming losses in Venezuela and Iran , and the global market is forecast to remain in a deficit unless OPEC+ adds more than the 1 Mbd, or demand growth takes a substantial hit. [Full Article...]

Oil slides amid ‘lack of clarity’ on OPEC and record US production

Oil slides amid ‘lack of clarity’ on OPEC and record US production According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 3.6 million barrels during the week ending May 25. and a workweek that's spent four months at 34.5. Brent's premium to WTI rises, while shrinking versus Dubai oil. It has doubled in less than a month, as a lack of pipeline capacity in the U.S. [Full Article...]

FCA targets overdrafts and high-cost credit

FCA targets overdrafts and high-cost credit It feels the "need to intervene to protect financially vulnerable customers". The changes the FCA are consulting on follow an in-depth review into the high-cost credit market and are expected to reduce the costs for consumers and give them greater control over their finances. [Full Article...]

Transport Secretary should step down over Northern Rail chaos says Union

Transport Secretary should step down over Northern Rail chaos says Union Lilian Greenwood, chair of the Transport Committee, said that the transport secretary, Network Rail and the train operating companies have questions to answer about the introduction of the timetables and their management of the disruption. [Full Article...]

What Qantas and Air New Zealand's new codeshare deal means for passengers

What Qantas and Air New Zealand's new codeshare deal means for passengers The two airlines will codeshare on up to 115 domestic routes in New Zealand and Australia, with Qantas' code to be added to up to 30 routes on Air New Zealand's domestic network and Air New Zealand's code to be added to up to 85 Qantas routes in Australia. [Full Article...]

Minimum wage hike in the cards tomorrow

Minimum wage hike in the cards tomorrow THE Fair Work Commission has handed a $24.30 a week lift to the wage packet of Australia's lowest-paid workers, the biggest increase this century in dollar terms. Greens MP Adam Bandt said the decision would leave many full-time workers living in poverty, even though the economy was apparently strong. Minister for Small and Family Business, the Workplace and Deregulation Craig Laundy said the ... [Full Article...]


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