CBA shares are surging on the money laundering case deal

CBA said that as part of the proposed settlement, it "admitted further contraventions of Australia's Anti-Money Laundering and Counter-Terrorism (AML/CTF) Act, beyond those already admitted, including contraventions in risk procedures, reporting, mon... More..

by | Published more than a month ago
Auto News: Honda Malaysia Confirms Takata Inflaters Ruptured In Crash
by | Monday, June 04, 2018

Auto News: Honda Malaysia Confirms Takata Inflaters Ruptured In Crash

A Takata air bag inflator ruptured in a fatal vehicle crash earlier this week in Malaysia, Honda Motor Co said yesterday, in what appears to be the 23rd death worldwide linked to the faulty part that can emit...More..

Merkel: Eurozone solidarity should not mean debt union
by | Monday, June 04, 2018

Merkel: Eurozone solidarity should not mean debt union

Merkel clarified her views on several issues. Merkel is in Portugal for a 24-hour official visit during which she will discuss the European Union's future with local officials. "The existing instruments are n...More..

Microsoft surpasses Googles Alphabet to become third most valuable company
by | Monday, June 04, 2018

Microsoft surpasses Googles Alphabet to become third most valuable company

Apple retains its spot as the most valuable company and Amazon holds the second position. According to reports, Microsoft's stock price has more than doubled since Steve Ballmer announced his retiremen...More..

Fuel Prices Cut For Fourth Straight Day In Delhi, 3 Other Cities
by | Monday, June 04, 2018

Fuel Prices Cut For Fourth Straight Day In Delhi, 3 Other Cities

The state-utility has increased the price of petrol by Rs 3 to Rs 113 per litre and Rs 3 on diesel and kerosene which will now cost Rs 95 per litre. As per prices announced by largest retailer Indian Oil C...More..

by | Monday, June 04, 2018

Facebook to drop its trending news section

Trending is equally popular on Twitter and other leading social media but Facebook research team has found it to be of little use now-a-days. The company is now testing other ways to deliver news, including bre...More..

MP critical of pipeline purchase
by | Monday, June 04, 2018

MP critical of pipeline purchase

At the time, Finance Minister Bill Morneau called the purchase an investment in Canada's future. "It will be built". Scotiabank restated an outperform rating and issued a C$23.00 price objective on shares of Ki...More..

Winning Bid to Have Lunch With Warren Buffett: $3.3 Million
by | Monday, June 04, 2018

Winning Bid to Have Lunch With Warren Buffett: $3.3 Million

The victor, who wishes to remain anonymous like many other previous winners, is allowed to bring his/her seven friends to the lunch with Warren Buffett at Smith & Wollensky Steakhouse at New York City. The only...More..

Unemployment Rate Drops To 3.8 Percent, Lowest Since 2000
by | Monday, June 04, 2018

Unemployment Rate Drops To 3.8 Percent, Lowest Since 2000

Employers appear to be shrugging off recent concerns about global trade disputes. The job market is also benefiting more people: The jobless rate for high school graduates fell to 3.9 percent, a 17-year low. ...More..

No party in Italy wants to quit euro, says new economy minister
by | Monday, June 04, 2018

No party in Italy wants to quit euro, says new economy minister

The initial failure of Conte to form a government had alarmed financial markets, which feared a quick return to the polls that risked being tantamount to a plebiscite on Italy's keeping the euro currency. The e...More..

- World's first solid-state lidar unmanned logistics vehicle
by | Monday, June 04, 2018

- World's first solid-state lidar unmanned logistics vehicle

RoboSense and Alibaba will provide delivery vehicles with solid-state LiDARs for G Plus unmanned logistics cars/trucks, drastically reducing cost. In addition, the company has maintained long-term cooper...More..

Dog found dead in cargo hold on Delta Airlines flight
by | Monday, June 04, 2018

Dog found dead in cargo hold on Delta Airlines flight

Delta told WXYZ-TV that Alejandro was checked on by flight staff at 6 a.m. on Wednesday, but when the flight attendant returned to check on the dog two hours later, he was dead. And last Tuesday, a woman trav...More..

Brazil oil workers begin strike in new blow to government
by | Monday, June 04, 2018

Brazil oil workers begin strike in new blow to government

FUP union leader José Maria Rangel said on Tuesday the Temer government and Parente's policies were delivering Petrobras up to foreign investors, while "the shipyards of Rio de Janeiro are closed" as unemployme...More..

by | Monday, June 04, 2018

Italy establishes populist government led by Giuseppe Conte

Italian media reported that the lineup will face a vote of confidence on Monday or Tuesday in both houses of parliament, which it is nearly certain to win thanks to Five Star and the League's combined majority ...More..

Autonomous vehicle developers get powerful new partners
by | Monday, June 04, 2018

Autonomous vehicle developers get powerful new partners

The capital infusion is created to speed large-scale deployment of self-driving robotaxis next year. SoftBank Vision, which has substantial investments in other mobility providers, such as chipmaker Nvidia...More..

Mothercare creditors approve closure plans of up to 49 stores
by | Sunday, June 03, 2018

Mothercare creditors approve closure plans of up to 49 stores

Creditors have until June 29 to challenge the CVA proposals in court. The company is also looking at entering a company voluntary arrangement, a form of insolvency that allows retailers to shut stores and c...More..

China warns US trade benefits hinge on stopping tariffs
by | Sunday, June 03, 2018

China warns US trade benefits hinge on stopping tariffs

Tuesday's announcement revived fears the conflict between the two biggest economies might dampen global growth or encourage other governments to raise their own barriers to imports. The two governments released...More..

Zuckerberg Under Fire From Shareholders Over 'Dictatorship', Lack of Democracy
by | Sunday, June 03, 2018

Zuckerberg Under Fire From Shareholders Over 'Dictatorship', Lack of Democracy

Top proxy adviser Institutional Shareholder Services had recommended investors withhold support from five Facebook directors including Zuckerberg, and backed five of the six shareholder measures. "We are at a v...More..

Google employees raise concerns over its contract with US Defense Dept
by | Sunday, June 03, 2018

Google employees raise concerns over its contract with US Defense Dept

News of the company's involvement with the Pentagon sparked a heated outcry from advocates, academics, the general public, and even many of Google's own employees, some of whom later quit as a form of protest...More..

Spain flight diverted from Amsterdam course due to smelly passenger
by | Sunday, June 03, 2018

Spain flight diverted from Amsterdam course due to smelly passenger

Airplane had to make a emergency landing because the "unbearable" smell of a passenger's body made others vomit and faint. Many planes have been forced to make emergency landings due to medical emergencies ...More..

Cutting out meat and dairy greatly helps the planet, says new research
by | Sunday, June 03, 2018

Cutting out meat and dairy greatly helps the planet, says new research

If you want to truly make an impact on the environment in a significant manner, the best way to do it is to avoid meat and dairy. "A vegan diet is probably the single biggest way to reduce your impact on pl...More..

Watchdog to probe prices and 'confusing' information in £2bn funeral market
by | Sunday, June 03, 2018

Watchdog to probe prices and 'confusing' information in £2bn funeral market

Now 95% of the market is voluntarily regulated by the Funeral Planning Authority (FPA), which lacks the power to prevent providers from trading, according to ministers. Separately, the Treasury has announced th...More..

Deutsche Bank CEO says bank is committed to the U.S
by | Sunday, June 03, 2018

Deutsche Bank CEO says bank is committed to the U.S

In Australia, federal prosecutors are preparing criminal cartel charges against Deutsche, ANZ and Citigroup, over a A$2.3bn (£1.3bn) share issue. Mr Sewing has a mandate to accelerate a plan to refocus on Deut...More..

Government receives no bids for Air India stake sale
by | Sunday, June 03, 2018

Government receives no bids for Air India stake sale

Further course of action will be decided appropriately", the Ministry of Civil Aviation said after the deadline for sending bids passed. Private firm Ernst and Young has been appointed the "Transaction Advise...More..

by | Sunday, June 03, 2018

Someone's just gone and won €4.3 million on the Lotto

Two tickets sold in the Sault Ste. That victor hasn't come forward, yet, to claim their six-figure prize. The Euromillions €1m prize belongs to the owner of a ticket purchased at the Tramore Service Station o...More..

Australia's Fair Work Commission raises minimum wage by 3.5pc
by | Sunday, June 03, 2018

Australia's Fair Work Commission raises minimum wage by 3.5pc

He said the Fair Work increase was well above inflation, which was running at 1.9 per cent in the March quarter, which would put the "brakes on employment and innovation throughout the industry". However, the F...More..

Oil retreats on stronger dollar; USA crude discount widens
by | Sunday, June 03, 2018

Oil retreats on stronger dollar; USA crude discount widens

Negative impact on the oil market has had a weakness of equity markets in the US and Europe on handicap concerns related to the political crisis in Italy and Spain, as well as the strengthening of the USA dolla...More..

United Kingdom authorities propose crackdown on high-cost lending
by | Sunday, June 03, 2018

United Kingdom authorities propose crackdown on high-cost lending

The body is also proposing reforms on rent-to-own operators, door-step lending and catalog credit and store cards, saying that high-cost credit is used by more than 3 million consumers in the United Kingdom. Ab...More..

ANZ faces charges for alleged cartel conduct
by | Sunday, June 03, 2018

ANZ faces charges for alleged cartel conduct

News that Deutsche Bank was downgraded to "troubled condition" and added to list of "problem banks " broke the same week as the cartel charges were announced, but - according to the Wall Street Journal - t...More..

Qantas and Air New Zealand ignore different alliance and sign codeshare agreement
by | Sunday, June 03, 2018

Qantas and Air New Zealand ignore different alliance and sign codeshare agreement

Qantas and Air New Zealand will join forces in a new codeshare agreement . The deal also opens up new destinations for customers, with regional Australia set to benefit the most, Qantas chief executive Alan ...More..

Australia's Fair Work Commission raises minimum wage by 3.5 percent
by | Sunday, June 03, 2018

Australia's Fair Work Commission raises minimum wage by 3.5 percent

Effective June 1, minimum wages will increase for both general workers and liquor servers by $1.30 per hour. Fair Work Commission: The increase we've decided on won't lead to inflationary pressure. ACTU secre...More..

Canada's Trudeau blasts
by | Saturday, June 02, 2018

Canada's Trudeau blasts "totally unacceptable" Trump tariffs, announces counter-tariffs

Needless to say, the United States now needs to be prepared for a chain of tit-for-tat tariffs on a range of products. Calling the tariffs "illegal", the European Commission quickly vowed to fight back ...More..

Malala Yousafzai's 'Otherworldly' Message To Elon Musk Wins The Internet
by | Saturday, June 02, 2018

Malala Yousafzai's 'Otherworldly' Message To Elon Musk Wins The Internet

In the wake of his recent activity on social media, ClickHole published an article titled " More Bad Press For Elon: The Car Elon Musk Launched Into Orbit Has Fallen Back Down To Earth And Crushed Malala Yous...More..

Northern Rail: 'Interim timetable' introduced to cut cancellations
by | Saturday, June 02, 2018

Northern Rail: 'Interim timetable' introduced to cut cancellations

A petition was set up by a member of the public, calling for: "The Secretary of State [for Transport to] intervene immediately over GTR's failure to implement its new timetable leaving commuters stranded and ...More..

Oil prices steady after downward trend over supply concerns
by | Saturday, June 02, 2018

Oil prices steady after downward trend over supply concerns

The greenback, whose rise since mid-April threatens to take the shine off commodities, declined. Kuwait, a close ally of Saudi Arabia in the Gulf, reportedly believes Saudi Arabia isn't looking out for OPE...More..