Economy

Amazon can't or won't collect sales tax in Australia

Amazon can't or won't collect sales tax in Australia Amazon says its Australian unit offers 60 million products in 23 categories, compared to the more than half a billion products on its U.S. site. "While we regret any inconvenience this may cause customers, we have had to assess the workability of the legislation as a global business with multiple worldwide sites", it said in a statement. [Full Article...]

Sears store at ShoppingTown Mall set to close, employees say

Sears store at ShoppingTown Mall set to close, employees say Liquidation sales will begin as early as June 14. Only 12 Sears department stores will remain in MI after the closures, not counting dozens of franchised Sears Hometown stores. More KMart stores across the country are also closing. The company informed its associates at 15 Kmart stores and 48 Sears stores these stores would be closing in early September. [Full Article...]

Consumer Reports now gives Tesla Model 3 a thumb's up

Consumer Reports now gives Tesla Model 3 a thumb's up The magazine bought a Model 3 for the first test and said it doesn't normally rent test vehicles. Fast forward to today and Consumer Reports has revealed the update has significantly improved the situation. Musk also suggested the car's 15-inch touchscreen display could receive an over-the-air update to make it easier to use. Fisher, who has been at CR for 19 years and tested more than 1,00... [Full Article...]

Canadian government to buy pipeline project from Kinder Morgan for $4.5bn

Canadian government to buy pipeline project from Kinder Morgan for $4.5bn Indigenous activists are keeping a close eye on an oil spill near Barriere, B.C., days before Kinder Morgan's so-called deadline on its $7.4-billion Trans Mountain expansion project. But the federal government, citing past court decisions, including some from the Supreme Court of Canada, contends that it holds sole authority over pipelines between provinces. [Full Article...]

Trump to Impose Tariffs on $50B of China's Tech Goods

Trump to Impose Tariffs on $50B of China's Tech Goods The White House said China had "pursued industrial policies and unfair trade practices including dumping, discriminatory non-tariff barriers, forced technology transfer, over capacity, and industrial subsidies that champion Chinese firms and make it impossible for many United States firms to compete on a level playing field". [Full Article...]

Pret A Manger gobbled up by German billionaires for £1.5 billion

Pret A Manger gobbled up by German billionaires for £1.5 billion Bridgepoint, which bought the chain for £364m in 2008, declined to reveal the terms of the deal, but the Financial Times reported it valued Pret at £1.5bn including debt - 15 times its annual earnings. The prepared foods chain has been expanding in the US market in dense areas with pedestrian traffic. Many a NY lunch hour has been spent making a quick run to Pret a Manger , the British chain kn... [Full Article...]

Federal government spending $4.5B to buy Trans Mountain pipeline, BC terminal

Federal government spending $4.5B to buy Trans Mountain pipeline, BC terminal The pipeline has become a flash point for a wider debate in Canada over the environmental impact of tapping Alberta's oil sands, which critics view as a particularly polluting energy source. "British Columbia isn't a part of the deal and while a government buy (out) makes it more likely that the project will go through, it still doesn't guarantee there won't be more protests ", he said in an ... [Full Article...]

Reboot your internet routers — Federal Bureau of Investigation warns consumers

Reboot your internet routers — Federal Bureau of Investigation warns consumers Talos said that the following device manufacturers are known to be affected by the malware: Linksys , MikroTik , NETGEAR and TP-Link. There are a number of affected routers from different companies. But there's a simple solution: turn it off, and turn it on again. You need to restart your home and business network routers as soon as possible. [Full Article...]

Starbucks Closing 8000 Stores for Antibias Training

Starbucks Closing 8000 Stores for Antibias Training Company-owned stores are being closed, while licensed stores not owned by Starbucks are not required to. Starbucks consulted a long list of experts in creating the training . After the manager called 911 , the men were arrested and held for hours. The incident went viral , and sparked a national discussion about racial profiling. [Full Article...]

For 14th consecutive day, fuel prices increased across country

For 14th consecutive day, fuel prices increased across country Upstream oil companies can not bear more given the burden of a 20% cess on crude, while reduction in duty will hit the exchequer. A litre of diesel also increased from an average of 119.35p to 127.69p over the same period. In the face of surging crude prices since December 2016, the government has slashed excise duty only once by Rs 2 in October 2017. "When crude prices were falling from Novem... [Full Article...]

Turkish lira rallies after emergency rate hike

Turkish lira rallies after emergency rate hike Jason Tuvey, an economist with Capital Economics in London, says that if the central bank "continues to bow to pressure from Erdogan and refrains from raising interest rates, that would lead to an even sharper fall in the currency". Turkey's central bank raised interest rates by 3 percentage points yesterday in a desperate move to prop up its plunging currency and calm rattled investors who are ... [Full Article...]

AAP govt urged to roll back Value-Added Tax on petrol, diesel

AAP govt urged to roll back Value-Added Tax on petrol, diesel The central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel . The reason behind the increasing fuel prices is the increase of the price of crude oil in the global market and the weakening of INR against United States dollars. [Full Article...]

Google and Facebook are already abusing GDPR, new report claims

Google and Facebook are already abusing GDPR, new report claims There are still some grey areas in the law, such as companies being allowed to claim that they can collect some classes of data without consent if they have a "legitimate interest" to do so. Noyb argues that there should be a separation between what it calls "necessary and unnecessary data usage", and that processing data for the objective of targeted advertising is not a necessary goal and shoul... [Full Article...]

Trump charges Naval Academy graduates with mission of victory

Trump charges Naval Academy graduates with mission of victory We are respected again. "We've gained the respect that we used to have long ago". "We are witnessing the great reawakening of the American Spirit and of American might". "Victory. Winning. Beautiful words", Trump said. "The best way to prevent war, is to be fully prepared for war", Trump said. On Friday, after the president's comment that the summit might still take place as scheduled, the W... [Full Article...]

Comcast confirms it's in 'advanced stages' of prepping 'New Fox' bid

Comcast confirms it's in 'advanced stages' of prepping 'New Fox' bid The move sets in motion what could be one of the all-time merger battles in media. Comcast has said it can deal with the debt and would bring it down quickly. Disney's tentative deal to acquire 21st Century Fox's assets was finalized back in December , but was thrown in limbo while the House of Mouse awaits governmental regulatory approval. [Full Article...]

U.S. will be defeated in fresh anti-Iran move

U.S. will be defeated in fresh anti-Iran move Iran's military threatened the USA on Wednesday, saying that in the event of an American attack, leaders in Washington will end up like deposed and executed Iraqi dictator Saddam Hussein. Russian Federation and China were also signatories to the Iran nuclear deal, but no demands were made of these countries. Other parties to the deal - Britain, China, Russia and Germany - have expressed a desire... [Full Article...]

Jared Kushner granted security clearance

Jared Kushner granted security clearance Abbe Lowell , who has represented Kushner in the Russian Federation investigation, told CNN's Wolf Blitzer that questions asked of Kushner during the April interview were "the appropriate topics that Bob Mueller and his team were looking at". [Full Article...]

Surgeon general comes to aid of passenger on Delta flight

Surgeon general comes to aid of passenger on Delta flight It wasn't clear what the emergency involved, but Adams said the patient is now doing well. A spokesperson for the U.S. Department of Health and Human Services told ABC News the flight crew asked for help when a passenger lost consciousness while the flight was waiting to take off, and Adams stepped in and was assisted by two nurses. [Full Article...]

Stormy Daniels: Trump Discloses Payment To Reimburse Cohen

Stormy Daniels: Trump Discloses Payment To Reimburse Cohen Mr. Cohen paid $130,000 to keep Ms. Clifford from going public before the 2016 election about an affair she says she had with the president, who denies her claim. Cohen and Rumaihi at Trump Towers in December 2016. News of Cohen's solicitations put an unflattering light on his post-election activities and raised some ethics questions about the use of his existing relationship with Trump fo... [Full Article...]

USA deal sees Ocado deliver for backers

USA deal sees Ocado deliver for backers The opportunity to partner with Kroger to transform the way in which US customers buy grocery represents a huge opportunity to redefine the grocery experience of Kroger's customers and create value for the stakeholders of both Kroger and Ocado . [Full Article...]


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