• Howard Schultz is stepping down as Starbucks’ executive chair
Howard Schultz is stepping down as Starbucks’ executive chair

The following year, he moved with his wife, Sheri, from NY to assume the role of director of operations and marketing. Most recently, Schultz has received the Robert F. "Ullman, former chairman and CEO of J.C. Penney, was named chair, while Mellody Hobson, president and director of Chicago-based investment management firm Ariel Investments, will be...

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  • IOS 12 'doubles down' on performance
IOS 12 'doubles down' on performance

The company also brought on stage executives from Adobe, who announced support for USDZ throughout its Creative Cloud. To watch on a television, you will need a second-generation Apple TV or newer with the Apple Events app installed. There is some good news for Apple fans in India as the iPhone SE 2 is rumoured to be launched in the country thi...

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  • All trade deals could be off, China warns US
All trade deals could be off, China warns US

On Friday, China's markets regulator said it was still reviewing San Diego-based Qualcomm Inc's $44 billion acquisition of NXP Semiconductors. "If the United States introduces trade sanctions including a tariff increase, all the economic and trade achievements negotiated by the two parties will not take effect", said a Chinese government stateme...

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  • Google 'To End' Pentagon Artificial Intelligence Project
Google 'To End' Pentagon Artificial Intelligence Project

Project Maven involves using machine learning and engineering talent to distinguish people and objects in drone videos. "Google should not be in the business of war", Meredith Whittaker, a research scientist affiliated with Google and New York University, wrote on Twitter.

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  • Jordan's King set to ask PM to resign amid protests sources
Jordan's King set to ask PM to resign amid protests sources

The sources said King Abdullah has summoned Mulki for an audience in his palace later on Monday. Mulki imposed steep IMF-mandated tax hikes early this year to cut rising public debt. The IMF-backed measures have sparked some of the biggest economic protests in five years. Demonstrators tussled with security forces and some fainted, but ot...

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  • 2 winning LOTTO MAX tickets sold in Brampton
2 winning LOTTO MAX tickets sold in Brampton

Marie, Toronto and the Sault Ste. "This is the second Lotto jackpot winning ticket we've sold in our 21 years in business here". Ireland's newest millionaire isn't the only one with reason to celebrate, as two other players in Louth managed to scoop €106,121 each in last night's draw.

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  • Angela Merkel refuses Italy debt write-off amid fears government could DESTROY eurozone
Angela Merkel refuses Italy debt write-off amid fears government could DESTROY eurozone

In addition, Merkel spoke positively about some of the ideas of French President Emmanuel Macron for greater solidarity in the euro area and the wider European Union. She has said in the past that Europe can no longer fully rely on others and that it must take its fate into its own hand, alluding to disagreements with U.S.

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  • Microsoft Beats Alphabet but Still Behind Apple
Microsoft Beats Alphabet but Still Behind Apple

This turned Microsoft the 3rd most valuable company after Apple and Amazon all over the world. The Tame Apple Press points out that Microsoft still trails behind Apple's market valuation of $923 billion and Amazon's $782 billion market cap.

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  • Italian president reappoints Giuseppe Conte as PM-designate to lead coalition gov't
Italian president reappoints Giuseppe Conte as PM-designate to lead coalition gov't

In a sign of the direction of the new cabinet, Conte named hardline anti-migrant League leader Matteo Salvini as interior minister and eurosceptic Paola Savona - whose initial role as finance minister was vetoed by the president - as European affairs minister.

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  • Petrobras CEO resigns after truckers' strike
Petrobras CEO resigns after truckers' strike

It's also a setback for any pro-business candidate ahead of October's general elections. While many speculated that Petrobras CEO Pedro Parente could end up resigning, the government also had much hope that he would not. Parente's policies had helped pushed Petrobras shares to a multiyear peak just last month, but a rise in worldwide oil prices tri...

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  • Payments across Britain hit as Visa faces 'disruption' in Europe
Payments across Britain hit as Visa faces 'disruption' in Europe

United Kingdom bank NatWest said it was also looking into reports of card payments being declined. It turns out Visa is experiencing a network failure, with the company now saying it's investigating the issue. Huge queues formed beside many ATMs as customers attempted to withdraw cash. As far as we can see there are no public comments from ...

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  • U.S. unemployment rate drops to 18-year low of 3.8%
U.S. unemployment rate drops to 18-year low of 3.8%

Retail trade led the way in May, with 31,000 new jobs in that sector. The president is normally briefed on the monthly jobs report the day before it is released, and he and other administration officials are not supposed to comment on it beforehand.

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  • Alibaba invests $1.38bn to boost logistics capability
Alibaba invests $1.38bn to boost logistics capability

The RS-LiDAR-M1Pre is the first MEMS solid-state LiDAR launched by RoboSense . While improving the performance of LiDAR, cost savings is great, and miniaturization greatly improves stability. In addition, the company has maintained long-term cooperation with top universities and research institutes, such as MIT, HKUST, Tsinghua University, and H...

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  • Delta Air Lines investigates death of dog during airport layover
Delta Air Lines investigates death of dog during airport layover

He was fine. Then approximately at 8 o'clock and 8:30 in the morning, the dog was again checked on, he was dead, and there was vomit in the cage, according to Delta'. In March, a French bulldog called Kokito died on a United Airlines flight from Houston to NY after a flight attendant told the owner to put the dog, which was in a carrier, in t...

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  • China warns United States trade deals off if tariffs go ahead
China warns United States trade deals off if tariffs go ahead

U.S. Commerce Secretary Wilbur Ross continued two days of talks on trade in Beijing with a signal that the two sides may be making some progress toward increasing Chinese imports of U.S. "I want to be clear, this isn't just about buying more goods, this is about structural changes", Mnuchin said. The Trump administration's shifting stance on ...

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  • Google won't renew its contract to develop AI for USA military drones
Google won't renew its contract to develop AI for USA military drones

Fei-Fei Li and Scott Frohman. In April , more than 3,000 Google employees pushed back against the project , signing a petition calling for the company to end its work with the Pentagon. The company's staff earlier said they didn't want the product to be used for war. According to the reports , Google's leadership agreed to roll out a new polic...

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  • ANZ, Deutsche Bank and Citigroup face 'criminal cartel' charges
ANZ, Deutsche Bank and Citigroup face 'criminal cartel' charges

Citigroup said it would " vigorously defend " the allegations, adding that the case involved an area of financial markets activity not previously considered by Australian courts or regulatory guidance. ANZ chief risk officer Kevin Corbally maintains the bank intends to defend the company and Mr Moscati, on the basis of their belief that they "ac...

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  • Smelly Passenger Causes Emergency Landing
Smelly Passenger Causes Emergency Landing

According to the Mirror , the cause was incredibly foul-smelling passenger, because of which some people literally began to faint, and others began vomiting. He stated: "It was as if he had not bathed for several weeks". The plane made an emergency landing to Faro where the passenger was escorted out of the plane.

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  • Amazon to block Australians from global websites because of tax
Amazon to block Australians from global websites because of tax

Currently GST is applied to items bought overseas for more than $AU1000. Local shoppers attempting to order from Amazon.com will be redirected to Amazon.com.au, the multinational's Australian site, which launched late past year. Local Australian stores have been already applying the GST to all products, sold in stores or online. The GST collectio...

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  • Fed calls Deutsche Bank's American business 'troubled'
Fed calls Deutsche Bank's American business 'troubled'

A rare comment by a supervisory source that Deutsche Bank was making good progress and its regulators were reassured by its plans helped calm investor nerves, but also exposed a potential rift between the ECB and its USA counterparts. Deutsche Bank Aktiengesellschaft is downtrending after having declined 36.07% since June 1, 2017. And a sour...

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  • No bids received as divestment deadline expires
No bids received as divestment deadline expires

The government is now considering changing the terms of the sale, the process for which will be re-evaluated in the next two weeks, said R.N. Choubey, the top civil servant in the Ministry of Civil Aviation. The country's government wants to sell 76 percent of the company. The terms also stipulate that the government would continue to hold a 24...

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  • Three winning tickets for prizes in last night's draw sold locally
Three winning tickets for prizes in last night's draw sold locally

Marie, Toronto and the Sault Ste. 2 Maxmillions prizes, worth $333,333.40 each, were sold in the Ottawa and the Brampton area. On Saturday, May 19, another Lotto 6/49 ticket, sold in Calgary, won a $2.5 million prize. The winning numbers were 1, 7, 10, 17, 35, 37 and the bonus number was 43, and whoever it is that matched the numbers has bagg...

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  • Minimum wage increased by 3.5%
Minimum wage increased by 3.5%

The Australian Industry Group, which proposed a $12.50-a-week rise, labelled the increase "excessive" and said it had the potential to be a major disincentive to employment. The ACTU secretary, Sally McManus, welcomed the decision as a step in the right direction. Minister for Small and Family Business, the Workplace and Deregulation Craig Laund...

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  • Oil slips towards US$75 as threat of OPEC boost weighs
Oil slips towards US$75 as threat of OPEC boost weighs

As a result, the oil price has dropped by about 7 percent from this month's peak. United States crude's discount to Brent rose to as much as US$9.31, with Brent supported as investors anxious that U.S. According to the latest available figures by OPEC's secondary sources-the ones that OPEC uses to measure quotas and compliance with the deal, OPEC...

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  • Oil retreats on stronger dollar, US crude discount wider
Oil retreats on stronger dollar, US crude discount wider

But Hatsaturjants said oil is poised to recover after the EIA also posted a surprise weekly crude drawdown of 3.62 million barrels in the US. Oil fell Friday morning as markets mulled the future of OPEC supply cuts and after U.S. Futures on the Shanghai International Energy Exchange climbed 0.4% to 474.5 yuan a barrel. Global benchmark Bre...

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