Economy


Quite a Change: Uber Loses London License Quite a Change: Uber Loses London License
- September 27, 2017

Londonl's transportation regulator on Friday deemed Uber unfit to operate a taxi service and decided not to restore its license to operate, which will end this week, mentioning the company's approach to reporting major criminal offenses and background checks on drivers. (more...)
Target to raise minimum wage to $11, plans $15 by 2020 Target to raise minimum wage to $11, plans $15 by 2020
- September 26, 2017

Target competitor Walmart, the country's largest retail chain, raised its minimum pay to $10 past year, with the average pay for an hourly employee reaching $13.38 for full-time workers and $10.58 for part-time workers. Target's latest announcement contrasts with how it responded in recent years to Wal-Mart's wage hikes. The federal minimum wage is $7.25 per hour. (more...)
LDP's Fukuda to join Koike aide's planned party LDP's Fukuda to join Koike aide's planned party
- September 26, 2017

Japanese Prime Minister Shinzo Abe on Monday ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen (13.13 billion pounds) by the end of the year. Abe has served as Japan's prime minister for almost six years. The upcoming election was announced hours after Yuriko Koike, the governor of Tokyo, announced the formation of a new party that could give conservative voters an alternative to Abe's ruling Liberal Democratic party (LDP). (more...)
Eurozone growth hopes reinforced by strong survey Eurozone growth hopes reinforced by strong survey
- September 23, 2017

Meanwhile, the composite index - which measures activity in both manufacturing and services - rose to 54.6 from 55.3 in August. Companies in the services sector slowed some, while manufacturing growth ticked up, IHS Markit wrote in flash results released Friday, Sept. (more...)
Mobile, Sprint finally figuring out this merger thing ars_ab.settitle(1171975) Mobile, Sprint finally figuring out this merger thing ars_ab.settitle(1171975)
- September 23, 2017

But even with a combined subscriber base of about 130 million customers, the merged company would still be slightly smaller than the two largest USA carriers, Verizon and AT&T - who have around 146 million and 135 million subscribers, respectively. (more...)
Red Cross Aid Truck for Rohingya Refugees Crashes in Bangladesh Red Cross Aid Truck for Rohingya Refugees Crashes in Bangladesh
- September 22, 2017

The mob threw petrol bombs at the boat and arrests were made, officials said. Buddhists in Rakhine have accused worldwide aid groups of favoring Rohingya. Those who died were workers helping to distribute supplies, reports said. The crisis has drawn global condemnation and calls from the United Nations and U.S. (more...)
Pilot Crisis for Ryanair rolls on as crews reject holiday offer Pilot Crisis for Ryanair rolls on as crews reject holiday offer
- September 22, 2017

He said pilots who had a four-week block of holiday coming up before the end of the year because of rota changes would be told to take three weeks instead. Ryanair decided last weekend to cancel 50 flights a day for a six-week period after a shift to counting staff flying hours over a calendar year meant too many of its pilots hit their maximum allocation. (more...)
Higher imports, domestic output boost United States oil stockpiles, DoE says Higher imports, domestic output boost United States oil stockpiles, DoE says
- September 21, 2017

As a result, there was less demand for oil from refineries and more demand for gasoline sitting in storage while less gasoline was being produced That's partly why gasoline prices spiked by almost 20 percent. OPEC, Russia and other top non-members agreed in May to extend their output deal to remove 1.8 million barrel of oil from the market daily. The Organization of Petroleum Exporting Countries and other producers are mulling a range of options, including an extension of cuts, but it is ... (more...)
Will Toys 'R' Us stick around in Canada? And other questions, answered Will Toys 'R' Us stick around in Canada? And other questions, answered
- September 21, 2017

Toys'R'Us has assured its stores will remain open after filing for bankruptcy protection in the USA and Canada ahead of the crucial festive season amid mammoth debts and increasing online competition. Jakks Pacific Inc .is a lesser-known USA toy company that also uses Toys "R" Us to sell its products. Cowen, a financial-services firm, expects 41% of toys and games in America to be purchased online this year, about twice the proportion sourced from the internet in 2009. (more...)
Ryanair to cut 40-50 flights a day to cover holidays Ryanair to cut 40-50 flights a day to cover holidays
- September 19, 2017

Meanwhile, reports suggest that the airline company have lost up to 140 pilots in the last to low-priced competitor Norweigian Air, though Ryanair bosses deny these claims. If you're flying with Ryanair , you can check the status of your flight here. Among those cancelled with be one in four flights out of Stansted and one in 13 flights out of Dublin. (more...)
Koreans' charge falls short at LPGA season's final major Koreans' charge falls short at LPGA season's final major
- September 18, 2017

At that point, if you'd told Kirk she'd birdie the last, she'd have been mentally practising her victory speech. Today, she will be hoping to follow in the footsteps of her younger sister, Ariya, who became the first Thai golfer to win one of golf's majors at last year's Ricoh Women's British Open. (more...)
Here are the Irish flights cancelled by Ryanair today and passenger entitlements Here are the Irish flights cancelled by Ryanair today and passenger entitlements
- September 18, 2017

The average 50 flights cancellations a day are less than 2 percent of its daily total, the airlines posted on its website . "It's a really odd thing in terms of customer care, to say we want to improve the operation by keeping more planes on the ground". (more...)
Renault-Nissan is aiming for 14 million vehicles sold in 2022 Renault-Nissan is aiming for 14 million vehicles sold in 2022
- September 16, 2017

Renault, Nissan and Mitsubishi have sold almost 10 million vehicles in 2016, and Mr. Ghosn has estimated that se sales would be approximately 10.5 million units this year. The automakers plan to release their first fully autonomous vehicle, requiring no human driver at all, in about five years. Carlos Ghosn , chairman and chief executive officer of the Alliance, said, "This plan will boost the growth and profitability of our member companies". (more...)
Harvey and Irma's Impact on US Supplies Shown Through Charts Harvey and Irma's Impact on US Supplies Shown Through Charts
- September 16, 2017

Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russian Federation and Venezuela confirmed their commitment to a production - cutting deal to reduce the global crude glut. Crude oil prices have seen an increase of around six percent in August 2017 on a month-on-month basis due to depleting inventory levels. Diesel futures rose 0.9 cent, or 0.51%, to $1.7775 a gallon. (more...)
NC attorney general demands answers on Equifax breach NC attorney general demands answers on Equifax breach
- September 14, 2017

To be sure, Equifax has only about 120 million outstanding shares and a relatively small market capitalization of about $17 billion. "We also are focused on consumer protection and have developed a comprehensive portfolio of services to support all USA consumers, regardless of whether they were impacted by this incident". (more...)
Volkswagen Group brands to launch 80 electrified models by 2025 Volkswagen Group brands to launch 80 electrified models by 2025
- September 14, 2017

The group plans to bring a total of over 80 new electrified models to customers by 2025, including some 50 purely battery-powered vehicles and 30 plug-in hybrids as it doubles its investment in zero-emission vehicles to 20bn euros (£18bn) in a bid to put dieselgate behind it. (more...)
Construction cranes collapse in downtown Miami Construction cranes collapse in downtown Miami
- September 12, 2017

And because those cranes weren't created to withstand a storm of Irma's ferocity, city officials are telling people who live in the shadows of the giant lifting devices to leave. Though Miami is far from Irma's landfall in the Florida Keys, winds from the 400-mile-wide storm were blasting through the metro area. A partially submerged auto at a flooded area in Coconut Grove as Hurricane Irma arrives in south Florida, in Miami , Fla., on September 10, 2017 . (more...)
How to find out if you're affected by the Equifax hack How to find out if you're affected by the Equifax hack
- September 12, 2017

Security experts are recommending consumers whose data was stolen place credit freezes on their accounts. Equifax was founded in Atlanta in 1899, and over the years, has grown into one of the three largest credit-reporting agencies in the United States. (more...)
Oil set for first weekly gain since July as U.S. refiners return Oil set for first weekly gain since July as U.S. refiners return
- September 10, 2017

Even as the oil industry continues to grapple with the fallout from Harvey , a much bigger Hurricane was lashing the Caribbean islands and heading for the United States. He noted the big drop in refinery utilization "almost assures" crude stockpiles will continue to rise in coming weeks. Harvey led US refineries to operate at just 79.7% of capacity during the week ending on 1 September, resulting in a 822,000 barrel per day fall in imports when compared to the prior week to reach 7.1m ... (more...)
'Sweeping' House Bill Moves Self-driving Cars Forward 'Sweeping' House Bill Moves Self-driving Cars Forward
- September 08, 2017

The House of Representatives just took a big step toward putting together the first set of federal laws for self-driving cars. The legislation would allow up to 25,000 self-driving vehicles to be released onto public roads within the first year of enactment, and allow gradually allow a total of 100,000 vehicles within three years. (more...)