• Ethiopian government set to finally end state of emergency
Ethiopian government set to finally end state of emergency

Ethiopia is opening key economic sectors, including the state-owned Ethiopian Airlines and state-run telecoms, to local and global private investors. Both steps represent major policy changes by Abiy, the first prime minister in modern Ethiopia from the country's largest ethnicity the Oromo who took office in April after years of anti-government ...

Read more

  • Salad Cream: Heinz 'considers Sandwich Cream re-brand'
Salad Cream: Heinz 'considers Sandwich Cream re-brand'

The condiment giants have revealed that people are using their Salad Cream for something other than salads. The news is likely to cause consternation among traditionalists, including those who rallied to save the brand from extinction in 1999 .

Read more

  • HBC's Q1 net loss widens, comparable sales decline 0.7 percent
HBC's Q1 net loss widens, comparable sales decline 0.7 percent

A woman holds a Hudson's Bay shopping bag in front of the Hudson's Bay Company (HBC) flagship department store in Toronto, Ontario, Canada, January 27, 2014. The closures, Hudson's Bay indicated in its earnings report today, will reduce costs and grow profits. In contrast, that measure was down 6.6 percent at its European chains, which Foul...

Read more

  • David Koch, Billionaire Political Donor, Announces Retirement
David Koch, Billionaire Political Donor, Announces Retirement

The move was announced by his brother, Charles Koch , in a letter to employees, stating that David's health has been declining since he was hospitalized last October. David Koch has given at least $1.3 billion of his fortune to charitable causes, including the David H. Koch Center for Cancer Care at New York's Memorial Sloan Kettering Cancer Ce...

Read more

  • Burger King temporarily shut down after mice seen on buns back open
Burger King temporarily shut down after mice seen on buns back open

The probe resulted in a cease-and-desist letter filed last week against the Burger King outlet, located at 2802 Concord Pike in Wilmington, over " gross unsanitary conditions " that posed an " imminent health hazard ." . Inspectors also found part of the ceiling to be leaking, and flies coming out of a drain. Additionally, officials said the plas...

Read more

  • ZTE signs preliminary agreement to lift USA ban
ZTE signs preliminary agreement to lift USA ban

The Commerce Department plans to amend the agreement to count part of ZTE's previous fine from past year ($360 million) as part of the total penalties. This means that they could be fined up to $1.7 billion in total. The terms, they said, were in line with Reuters reporting on the US demands Friday.

Read more

  • China's ZTE signs preliminary agreement to lift U.S. ban
China's ZTE signs preliminary agreement to lift U.S. ban

The Commerce Department plans to amend its settlement agreement from past year and count the $361 million ZTE paid as a part of that, allowing the U.S.to claim a total penalty of as much as $1.7 billion, sources said . The report added that ZTE gets from 25 to 30 percent of the components it uses in producing smartphones and telecommunications n...

Read more

  • Corker Unveils Plan to Give Congress Power to Stop Trump Trade Actions
Corker Unveils Plan to Give Congress Power to Stop Trump Trade Actions

Democrats say the number of vacancies stems directly from Republicans blocking Obama's judicial nominees during his final two years in office. She is contesting a seat in Orange County, California, that will be critical if Democrats are to take back the House of Representatives.

Read more

  • Trudeau expects 'difficult' conversations with Trump at G7
Trudeau expects 'difficult' conversations with Trump at G7

Kudlow added that the United States and China had not yet reached a deal to resolve Trump's demand for a smaller USA trade deficit with China. Kudlow said he spoke with one of Canada's "top people, right next to the prime minister" yesterday about the president's "new thinking", and is now awaiting a response from Canada that could come as earl...

Read more

  • RBI hikes repo rate by 25 basis points to 6.25%
RBI hikes repo rate by 25 basis points to 6.25%

It has been learnt that the members of the MPC unanimously voted for a rate hike in June, adding that the decision is consistent with its neutral stance. It said, "First, global financial market developments have emerged as another important source of uncertainty". The impact of higher oil prices is visible not only in higher transport and cookin...

Read more

  • Priest condemns latest attack on Jesuit university in Nicaragua as 'cowardly'
Priest condemns latest attack on Jesuit university in Nicaragua as 'cowardly'

The resolution is also critical of Ortega, who has been president since 2007 and was, elected three times in succession. The escalation of violence has engulfed the country's capital Managua and other cities on April 18. But those marches also turned deadly when they were attacked police and pro-government youth groups, according to the Nicaragua...

Read more

  • Oil Halts Drop Near $65 as Volatility Seen Before OPEC's Meeting
Oil Halts Drop Near $65 as Volatility Seen Before OPEC's Meeting

On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $64.58 a barrel. What a coincidence! Still, in the big picture, 1 million barrels will help but won't solve the problem. United States crude production climbed in March to 10.47 million barrels per day (bpd), a monthly record, the Energy Informati...

Read more

  • IHOP is changing its name to IHOb
IHOP is changing its name to IHOb

From breakfast and bacon to brunch, burritos, and biscuits, the options are endless! The IHOP that many know and love could soon be undergoing a major change. The International House of Pancakes was founded in Los Angeles in 1958. Both the name and restaurant have since become recognized worldwide for anything breakfast, particularly the pancakes...

Read more

  • Britain clears Murdoch's bid for Sky if it sells Sky News
Britain clears Murdoch's bid for Sky if it sells Sky News

Culture Secretary Matt Hancock said Fox's final proposal made to divest Sky News to Disney , or to an alternative suitable buyer, with funding secured for at least 10 years, was likely to be the best remedy for the public interest concerns that had been identified.

Read more

  • 92 million accounts for DNA testing site MyHeritage found online
92 million accounts for DNA testing site MyHeritage found online

A security researcher found, on a private server, the email addresses and hashed passwords of every customer that signed up for the service before October 26 of previous year. Hackers accessed data on every single user that had joined the site since October 26 2017 - the day that the system was breached. "Since Oct. 26, 2017 (the date of the br...

Read more

  • Elon Musk fends off challenge to Tesla control
Elon Musk fends off challenge to Tesla control

Some investors have been unnerved by the company's struggle to speed up production of its more affordable Model 3 vehicle, which is crucial to the company's long-term profitability. Shares fell as much as 7 per cent after Musk's snub, evaporating US$2 billion from Tesla's stock market value. One investor wanted to strip the Tesla founder and chie...

Read more

  • Trump pushes separate trade deal with Canada: White House
Trump pushes separate trade deal with Canada: White House

While the Trump remarks Friday appeared to be off-the-cuff, White House economic adviser Larry Kudlow said Tuesday on "Fox & Friends" that the president is "very seriously contemplating" separate trade negotiations. Today, the United States supplies three-quarters of Mexico's agri-food imports, according to the U.S. Chamber of Commerce. Farmers...

Read more

  • Qatar Airways boss says women can't do his job
Qatar Airways boss says women can't do his job

The chief executive of Qatar Airways , who sits on the board of Heathrow airport, has inflamed a row over sexism in the airline industry by saying only a man could do his challenging job. That's not the case at Qatar Airways, Al Baker told the reporter. Two-fifths of Qantas Airways' senior management is female, including the heads of the worldwide...

Read more

  • Drivers hit by worst rise in petrol price in 18 years
Drivers hit by worst rise in petrol price in 18 years

After the one paisa reduction in fuel prices on May 30, which caused much criticism from the Opposition, prices have since fallen continuously. ACCC chairman Rod Sims said concern about the global supply of crude oil had pushed up oil prices, with those rises being passed on at the pump.

Read more

  • Turbulence damages American Airlines flight, forces landing
Turbulence damages American Airlines flight, forces landing

According to KENS 5 , one passenger, Jesus Esparza, said that passengers saw lightening and then the plane was pelted with hail. He said he boarded a different plane and should arrive in Phoenix late Sunday night. The spokesman said there were 130 passengers aboard the plane, along with five crew members. The aircraft is now being evaluated by o...

Read more

  • Google will let its AI contract with the Pentagon expire after backlash
Google will let its AI contract with the Pentagon expire after backlash

Google will not renew a contract to help the U.S. military analyse aerial drone imagery when it expires in March, a person familiar with the matter said on Friday, as the company moves to defuse internal uproar over the deal. Maven had an initial budget of $70 million. Some employees planned to hold a public rally in San Francisco in July, co...

Read more

  • Mexico Slaps Tariffs On US Steel, Agricultural Products
Mexico Slaps Tariffs On US Steel, Agricultural Products

The US decision, widely criticised on the global scene, came as the US, Canada and Mexico renegotiate the 1994 North American Free Trade Agreement (NAFTA), at the urging of Trump who called it a "disaster" for American jobs. Oddly, there was no mention of either the looming tariffs or the stated rationale behind them - other than a brief reference ...

Read more

  • Apple's confronting new iPhone feature
Apple's confronting new iPhone feature

And the Apple Watch's new operating system continues Apple's quest to make it a teeny little phone . Given Apple's iOS and device footprint in the enterprise, the move to add multiple folks into a FaceTime should raise a few eyebrows for everyone from Microsoft's Skype to Zoom to Blue Jeans and Cisco's WebEx.

Read more

  • Starbucks opens the door for important discussions regarding race and discrimination
Starbucks opens the door for important discussions regarding race and discrimination

The aim is to prevent discrimination in Starbucks cafes. He added that Starbucks CEO Kevin Johnson has agreed to mentor them. Starbucks' retail footprint in the United States is massive, as the map above illustrates. What happened last month in Philadelphia? Starbucks shut its roughly 8,000 company-owned stores for the closed-door training, bu...

Read more

  • European Central Bank sources: No need to intervene in Italy crisis
European Central Bank sources: No need to intervene in Italy crisis

The uptick is mainly due to a sharp rise of energy prices, which were up 6.1 percent year on year, compared with 2.6 percent in April. The political turmoil in Italy has triggered risk-off trading across the board, with global stocks and riskier assets vulnerable to heavy losses.

Read more