Money

Amazon to block Aussie shoppers from using US site

Under new GST collection laws, online retailers will be forced to apply the 10 percent GST to goods purchased on global sites and shipped to Australia. It is understood that Amazon baulked at the massive administrative burden of tracking Australian GST from all overseas transactions. Amazon says its Australian unit offers 60 million products in 23 categories, compared to the more than half a bil... [Full Article...]

Consumer Reports Reverses Its Decision on Tesla Model 3

Consumer Reports Reverses Its Decision on Tesla Model 3 Echoing results from auto and Driver tests, the organization said that the only time the Tesla Model 3 performed better in its emergency braking tests was on its very first stop from 60 miles per hour. " Tesla won't stop until Model 3 has better braking than any remotely comparable auto". Fast forward to today and Consumer Reports has revealed the update has significantly improved the s... [Full Article...]

World’s longest non-stop commercial flights launch in October

Qantas has said it is considering buying the Airbus A350-900ULR so it can fly non-stop from Sydney to London from 2022 - a route which would trump Singapore-New York for length and would be welcomed by business travellers. Singapore Airlines served the Singapore-Newark route until 2013, when services were suspended after the aircraft used at the time, Airbus A340-500s, were returned to Airbus. [Full Article...]

Canadian Government to Buy Contested Oil Sands Pipeline

Canadian Government to Buy Contested Oil Sands Pipeline Trudeau and his Liberals, University of B.C. political scientist Kathryn Harrison said. "Our government believes that the commercial agreement we have reached with Kinder Morgan is the best way to protect thousands of good, well-paying jobs while delivering a solid return on investment for Canadians". [Full Article...]

Canadian Banks Rocked By Data Theft Of 90,000 Customers

Canadian Banks Rocked By Data Theft Of 90,000 Customers They have now implemented additional online security measures during their investigation. Clients who notice suspicious activity are encouraged to contact Simplii Financial . We have notified and are working with relevant authorities as we continue to assess the situation", BMO said in a statement . "This is important financial information, and a lot of damage can occur..." CIBC had prov... [Full Article...]

Drop in Oil Prices Picks Up Speed

Drop in Oil Prices Picks Up Speed This lack of increase in oil supply from Libya has less to do with the production cuts imposed for OPEC members and more to do with the unstable political situation in the country. Barkindo also said it was not unusual for the United States to put pressure on OPEC as some USA energy secretaries had asked the producer group to help lower prices in the past. [Full Article...]

Kerala CM Pinarayi Vijayan announces Re 1 cut in fuel prices

Kerala CM Pinarayi Vijayan announces Re 1 cut in fuel prices The complications were due to a clerical error that said that fuel prices had been cut by 60 paise. Gandhi said the one paisa cut in petrol rates was not a "suitable response" to the fuel challenge he threw to the prime minister a few days ago. [Full Article...]

Tesla in Autopilot Mode Crashes Into Parked Police Car in California

Tesla in Autopilot Mode Crashes Into Parked Police Car in California According to CBS Los Angeles , the crash was severe enough to push the two passenger-side wheels of the stationary police SUV onto the sidewalk. The 29-year-old motorist also told police she was checking her phone to compare different routes at the time of the accident. [Full Article...]

White House calls off trade truce as talks continue

White House calls off trade truce as talks continue The Chinese government is urging President Donald Trump to return to the negotiating table after the White House announced that the USA would move forward with a crackdown on trade with China. embassies and consulates, Chinese graduate students would be limited to one-year visas if they are studying in certain fields, such as robotics, aviation and high-tech manufacturing, AP reported . [Full Article...]

Pret workers bag a £1000 bonus with retailer's sale

Pret workers bag a £1000 bonus with retailer's sale As well as a growing presence in the UK, Pret has 530 stores worldwide including China, France, the U.S. and Hong Kong. Pret, whose organic coffee and upmarket sandwiches such as crayfish and rocket proved popular enough to propel its growth from a single shop in London to a 530-strong global chain, generated revenue of 879 million pounds a year ago. [Full Article...]

Starbucks are closing for anti-bias training: What you need to know

Starbucks are closing for anti-bias training: What you need to know Starbucks will close around 8,000 of its stores across the US on Tuesday for sessions to educate staffers on unconscious bias and racism . Employees at these stores around the country will participate in a program that will include videos of top Starbucks executives and board members speaking to the importance of diversity and improving as a company. [Full Article...]

FBI Issues Warning After Russia Malware Attacks: 'Reboot Your Routers'

FBI Issues Warning After Russia Malware Attacks: 'Reboot Your Routers' It can collect information , exploit devices, and block web traffic. The DOJ said the move was meant to cut off the flow of communications from infected devices to the command and control server operated by the Russian cyber actors. The Times reports that the malware is being spread by the Sofacy Group, which hacked the Democratic National Committee before the 2016 election, and is thought to... [Full Article...]

Cheap petrol: Not a chance! Supermarkets raise fuel prices every day

Cheap petrol: Not a chance! Supermarkets raise fuel prices every day If this was the case, diesel prices could further reduce by Rs 3.75 a litre and petrol prices by Rs 5.75 per litre, it said. Diesel too hit a new lifetime high with prices in Delhi touching Rs 69.06 a litre, Kolkata Rs 71.61 per litre, Mumbai Rs 73.53 a litre and in Chennai Rs 72.91 per litre. [Full Article...]

Gas Prices Up 25% Since Last Memorial Day

Gas Prices Up 25% Since Last Memorial Day According to the survey, 58 percent of respondents said they will take a road trip this summer, a 24 percent decrease from past year, while 39 percent cited high gas prices as affecting their travel decisions, compared to 19 percent in 2017. [Full Article...]

Petrobras cuts fuel price after huge Brazil truck strike

Petrobras cuts fuel price after huge Brazil truck strike Participation in the demonstrations had swollen to around a million truck drivers as trucking companies joined the movement kicked off by independent truck owners, according to Abcam. On Wednesday, a judge in Brasilia authorised the police to use force to clear six of the country's main roads. "We will not allow hospitals to go without supplies to save lives", Temer said. [Full Article...]

Petrol, Diesel Prices Continue to Rise for 14th Consecutive Day

Petrol, Diesel Prices Continue to Rise for 14th Consecutive Day China on 1 April 2006 began levying the special upstream profit tax on domestic oil producers to redistribute and allocate the windfall income enjoyed by the oil companies and subsidise disadvantaged industry and social groups that are most affected by soaring crude oil prices. [Full Article...]

Two Koreas’ leaders meet in bid to salvage peace talks

Two Koreas’ leaders meet in bid to salvage peace talks Moon and Kim met just north of the heavily militarised border in the afternoon to exchange views to pave way for a summit between the North and the United States, South Korea's presidential office said. Trump, speaking Friday to graduates at the U.S. Naval Academy, did not mention North Korea directly, but he stressed the United States' military might. [Full Article...]

US reaches deal to keep Chinas ZTE in business

US reaches deal to keep Chinas ZTE in business Senate Minority Leader Charles Schumer, D-N.Y., said "both parties in Congress should come together to stop this deal in its tracks". "If the administration goes through with this reported deal, President Trump would be helping make China great again", Schumer said. [Full Article...]

Elon Musk to Crusade for Pravda

Elon Musk to Crusade for Pravda On Wednesday, Musk wrote a series of Twitter posts in which he described the media as being hypocritical, impulsive, sensitive, unreliable, and ethically compromised. It was this tweet, more than anything else that Musk tweeted, that appeared to have immediate real-world effect, as the threat to remove worker benefits following unionization could be interpreted as a violation of labor law , ac... [Full Article...]

FBI Moves to Dismantle Network of Hacked Devices Linked to Russian Federation

FBI Moves to Dismantle Network of Hacked Devices Linked to Russian Federation Cisco says it found code overlap with BlackEnergy , a malware strain that has been used to cripple Ukraine's power grid in the winter of 2015 and 2016. The U.S. Justice Department says that it has seized an Internet domain controlled by a hacking group tied to Russian military intelligence that was planning a major cyberattack, possibly in Ukraine. [Full Article...]


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