The US economy reaches its lowest unemployment rate in 18 years

Employers appear to be shrugging off recent concerns about global trade disputes. The unemployment rate in the country also dipped in May, ticking down to 3.8 percent, from the 3.9 percent reported in April. Job gains have averaged 207,000 a month ... More..

by | Published 18 days ago
Cainiao to Launch Smart Logistics Parks at Scale in China
by | Monday, June 04, 2018

Cainiao to Launch Smart Logistics Parks at Scale in China

Logistics Laboratory. Meanwhile, Cainiao has also released the world's first solid-state laser radar driverless vehicle. The G Plus driverless delivery vehicle is installed with three RS-LiDAR-M1Pres, ...More..

Delta Air Lines investigates death of dog during airport layover
by | Monday, June 04, 2018

Delta Air Lines investigates death of dog during airport layover

Alejandro is the latest dog to be lost or killed on a cross-country flight. The cause of death is still unknown, and Delta told TMZ it is investigating the case. And last Tuesday, a woman traveling from O...More..

by | Monday, June 04, 2018

Google Reportedly Won't Renew Military Artificial Intelligence Contract Due to Backlash

A Google spokesman did not immediately return a request for comment. Google is not the only tech firm working with the USA military. In the message to Google's head of defense and intelligence sales, Scott ...More..

MOVES: Brazil Petrobras CEO resigns in wake of trucker strike
by | Sunday, June 03, 2018

MOVES: Brazil Petrobras CEO resigns in wake of trucker strike

Roberto Castello Branco , an economist at Fundação Getúlio Vargas, who served on the board of Petrobras from 2015 to 2016, said Mr. Parente took the helm of the company after demanding to have greater autonomy ...More..

by | Sunday, June 03, 2018

After Months Of Talks, Italy Has A New Coalition Government

A formation of the new government will at least temporarily allay those concerns, because it will - for now - remove the threat that snap elections will be called later this summer, a prospect which anxious inv...More..

GM nets $2.25B SoftBank investment for self-driving cars
by | Sunday, June 03, 2018

GM nets $2.25B SoftBank investment for self-driving cars

The capital infusion is created to speed large-scale deployment of self-driving robotaxis next year. Together, this will result in the SoftBank Vision Fund owning a 19.6% equity stake in GM Cruise and will af...More..

Trudeau hits back at Trump tariffs, Kudlow says he's 'overreacting'
by | Sunday, June 03, 2018

Trudeau hits back at Trump tariffs, Kudlow says he's 'overreacting'

On Thursday, Trudeau announced that the country would impose its own tariffs on United States' goods in retaliation to Washington D.C.'s steel and aluminium tariffs. Le Maire asked Mnuchin, "How can you get t...More..

Deutsche Bank suffers new setback with S&P downgrade
by | Sunday, June 03, 2018

Deutsche Bank suffers new setback with S&P downgrade

The new chief executive of Deutsche Bank is already "sick and tired" of the bad news emanating from Germany's beleaguered banking giant, following a fresh stream of negative headlines overnight. Turning t...More..

The Heat: US trade actions and US-DPRK summit Pt 1
by | Sunday, June 03, 2018

The Heat: US trade actions and US-DPRK summit Pt 1

But they won't join in if they think the United States is going to suddenly shift gears and just focus on reducing the trade deficit, he said . The spokeswoman, Hua Chunying, declined to say whether Tuesday'...More..

Crude oil futures down on weak Asian trend
by | Sunday, June 03, 2018

Crude oil futures down on weak Asian trend

Meanwhile, according to the Weekly Petroleum Status Report by EIA on Thursday, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 3.6 million barrels durin...More..

Trump criticizes Canada's lumber sector after imposing steel, aluminum tariffs
by | Saturday, June 02, 2018

Trump criticizes Canada's lumber sector after imposing steel, aluminum tariffs

Tariffs will be next. The European Union will launch legal proceedings against the U.S.in the WTO on June 1. USA denim, bourbon, motorcycles, peanut butter , motor boats and cigarettes are also in the fir...More..

Oil prices steady after shake-out on supply worries
by | Saturday, June 02, 2018

Oil prices steady after shake-out on supply worries

The greenback, whose rise since mid-April threatens to take the shine off commodities, declined. OPEC came out and said they'd likely add supply to the market, which makes sense after Iran sanctions and t...More..

Two Louisiana Kmart, Sears stores among closures nationwide; see locations
by | Saturday, June 02, 2018

Two Louisiana Kmart, Sears stores among closures nationwide; see locations

The Illinois-based retailer had previously announced that 166 stores would close this year . In a statement , the company announced it had identified 100 nonprofitable stores and that 72 would close soon....More..

Fiat Chrysler Bets Against Fiat, Chrysler
by | Saturday, June 02, 2018

Fiat Chrysler Bets Against Fiat, Chrysler

The plan focuses on four brands in the company's stable - Alfa Romeo , Jeep , Ram and Maserati - because Mr Marchionne sees them as the "most protectable" as self-driving technology moves closer to realit...More..

Petronas to purchase equity stake in LNG Canada project
by | Saturday, June 02, 2018

Petronas to purchase equity stake in LNG Canada project

A deal would mark a turnaround by Petronas after it abandoned its own US$27 billion LNG proposal in the western Canadian province last July after the project faced spiralling costs and staunch opposition from e...More..

Explainer: What is Chinas A-share MSCI inclusion on June 1?
by | Saturday, June 02, 2018

Explainer: What is Chinas A-share MSCI inclusion on June 1?

The A-shares included initially will have an aggregate weight of 0.39 percent in the MSCI Emerging Markets Index at a 2.5 percent partial inclusion factor. "The quality and the expectation for what the corporat...More..

Airline profits this year unlikely at December forecast level - IATA chief
by | Saturday, June 02, 2018

Airline profits this year unlikely at December forecast level - IATA chief

Among the regions with the largest shares of trade movement, Asia Pacific "is most exposed to any risks of rising protectionism or trade wars", IATA said, and Europe's 2.4% YOY growth in April reflects declin...More..

by | Saturday, June 02, 2018

Google backs off from Pentagon project after uproar

Google has not commented on the matter and will not say whether it plans to cease working with the Pentagon altogether after March 2019. But, as the emails obtained by the Intercept show, all the way back...More..

Trump jobs tweet shatters decades of protocol, jolts markets
by | Saturday, June 02, 2018

Trump jobs tweet shatters decades of protocol, jolts markets

I'd have closed the door of my office and let out a private exclamation of delight. Only a select few officials, including the labor secretary, the head of the president's Council of Economic Advisers, the trea...More..

Hotel Valet Sticks Porsche Carrera Under Subaru SUV with Pinpoint Accuracy
by | Saturday, June 02, 2018

Hotel Valet Sticks Porsche Carrera Under Subaru SUV with Pinpoint Accuracy

A man was trapped after an orange Subaru was left balanced on top of a Porsche Carrera at the hotel in Sussex Street about 8.20am, a police spokeswoman said. "I saw the valet hit the auto in front from a pa...More..

Singapore airlines to launch world’s longest non-stop commercial flights
by | Saturday, June 02, 2018

Singapore airlines to launch world’s longest non-stop commercial flights

The 161-seat flights to Newark Liberty International Airport on the new Airbus A350-900ULR will cover about 15,329km, and travelling time will be up to 18 hours and 45 minutes. Singapore will deploy its new ...More..

Spain’s Next Prime Minister Begins to Shape Unwieldy Government
by | Saturday, June 02, 2018

Spain’s Next Prime Minister Begins to Shape Unwieldy Government

But PP lawmaker Rafael Hernando told him he would be entering the prime minister's office "through the back door" after failing to win the vote in 2015 and 2016. Mr. Rajoy was left heading a minority government...More..

Ticketfly hacker demands bitcoin ransom
by | Saturday, June 02, 2018

Ticketfly hacker demands bitcoin ransom

They add, "To protect our clients and fans, and to secure the website and related data, we have temporarily taken all Ticketfly systems offline. We are working tirelessly to get our clients back up and runnin...More..

by | Saturday, June 02, 2018

Google draws up guidelines for its military AI following employee fury

Update: In response to backlash from Google employees, the company has made a decision to end its relationship with the Department of Defense after its current contract expires in 2019, as Gizmodo reports . Cr...More..

GM's Cruise division gets $2.25B funding from SoftBank
by | Saturday, June 02, 2018

GM's Cruise division gets $2.25B funding from SoftBank

The GM and SoftBank Vision Fund investments are expected to provide the capital necessary to reach commercialization at scale beginning in 2019. GM's stock soared after the announcement, closing up 12.87 percen...More..

San Francisco subpoenas Uber, Lyft on driver classification
by | Saturday, June 02, 2018

San Francisco subpoenas Uber, Lyft on driver classification

The three requirements are that workers must be "free from the control and direction" of the hiring company; perform work that is "outside the usual course of the hiring entity's business"; and be customarily e...More..

by | Saturday, June 02, 2018

Zero bidders for debt-stricken Air India as deadline closes

The government will make changes to the plan, if needed, economic affairs secretary Subhash Chandra Garg said. Prime Minister Narendra Modi's offer to sell flag carrier Air India attracted zero interest from ...More..

by | Saturday, June 02, 2018

Fiat, Chrysler brands looking at major changes but not dead yet

Dodge sales are down by just six percent during the same period, with overall U.S. sales of almost 205,000 units, while Fiat has collapsed by 45 percent to less than 7,000 units. Mike Manley, FCA's head of J...More..

Giuseppe Conte to be sworn in as Italian prime minister
by | Saturday, June 02, 2018

Giuseppe Conte to be sworn in as Italian prime minister

Conte's deputy premiers are his two more seasoned political masters: Di Maio and Matteo Salvini , head of the League. Migrant arrivals to Italy have actually plunged in the past year under the center-left ...More..