Markets

Markets Chaos as Gatwick airport uses whiteboards after digital departure screens fail
Author: 0 Chaos as Gatwick airport uses whiteboards after digital departure screens fail

Ayla Herbert, 26, from Penryn, Cornwall, was at the airport for a Flybe flight to Newquay when she encountered a crowd gathered around two whiteboards after passing through security. "They used megaphones to tell everyone of updated information". Apologising to customers, he added that the airport's "manual contingency plan", which included having extra staff on hand to help direct passengers, had worked well.

Markets Old contact lenses add to microplastic pollution
Author: 0 Old contact lenses add to microplastic pollution

The researchers are presenting their results today at the 256th National Meeting & Exposition of the American Chemical Society (ACS). The plastic as a microplastic can also enter waterways through runoff where they can again enter the foodchain as microplastic is often mistaken by aquatic creatures as food.

Markets PepsiCo buys fizzy drinks maker SodaStream for $3.2bn
Author: 0 PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

The acquisition has been unanimously approved by the Boards of Directors of both companies. The company is also experimenting with other non-bottled drinks, including Drinkfinity, which is sold in pods. Last week, Coca-Cola agreed to buy a minority stake in Bodyarmor, a sports-drink maker whose backers include former basketball star Kobe Bryant, in a further move to diversify beyond sugary, fizzy beverages.

Markets House of Fraser website offline amid reported delivery 'wrangle'
Author: 0 House of Fraser website offline amid reported delivery 'wrangle'

They're advising people who have these to post them to head office, although it hasn't been confirmed whether refunds will be issued. This week Sports Direct boss Mike Ashley said he aimed to keep 80% of House of Fraser stores open, but the company reportedly wrote to more than 1,000 of the department store group's suppliers, including XPO, to say it will not cover money owed before Friday's "pre-pack" acquisition from the administrators.

Markets Nvidia takes a hit on weak Q3 guidance
Author: 0 Nvidia takes a hit on weak Q3 guidance

Earnings: $US1.94 per share where analysts had expected $US1.85. Nvidia revealed the news during its second quarterly results, showcasing a lucrative first half of the year. Nvidia has been one of the hottest technology stocks in recent years because of surging demand for its high-powered graphics chips, which are used in data centers and to power crypto mining operations.

Markets Tesla Is Suing Ontario Over Cancelled Rebates Program
Author: 0 Tesla Is Suing Ontario Over Cancelled Rebates Program

The government of Canada made provisions for individuals who had just purchased or requested cars yet organized the progress program so as to prohibit Tesla, which does not use the franchised dealerships - a "arbitrary" rejection, Tesla claimed in the court file.

Markets Tesla's Board Said to Be on Lookout for Senior Talent, Not COO
Author: 0 Tesla's Board Said to Be on Lookout for Senior Talent, Not COO

On top of that, the company's battery Gigafactory outside Reno, Nevada is still only partially complete, and Musk has said that an announcement about a European plant will likely come by the end of this year. In the interview, Mr Musk revealed the physical and emotional toll of the past year as he sacrificed family milestones in the race to meet Tesla production targets.

Markets Watchdog subpoenas Tesla over Musk go-private tweet
Author: 0 Watchdog subpoenas Tesla over Musk go-private tweet

The order to compel the electric vehicle company to turn over additional information related to Musk's tweet , "typically requires the approval of top SEC officials", the New York Times reports. Their first new rule for Musk? Goldman Sachs confirmed to CNN on Wednesday that it is working with Tesla. Both Tesla and the SEC declined to comment on the matter.

Markets Turkish lira resumes fall after Trump sanctions threat
Author: 0 Turkish lira resumes fall after Trump sanctions threat

Qatar has promised to make a Dollars 15 billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic standoff with the United States, officials said. U.S. support for Kurdish rebel groups fighting Islamic State fighters in northern Syria is another major difficulty, given Turkey's battle against a Kurdish insurgency in its own country.

Markets Euro nudges higher as U.S.-China trade talks calm…
Author: 0 Euro nudges higher as U.S.-China trade talks calm…

The United States and Turkey have imposed tit-for-tat tariffs in an escalating attempt by Mr Trump to induce Mr Erdogan into giving up the pastor. Turkey retaliated with some $533 million of tariffs on some US imports - including cars, tobacco and alcoholic drinks - and said it would boycott USA electronic goods, singling out iPhones.

Markets Turkish lira rallies as Qatar makes $15 bil. loan pledge
Author: 0 Turkish lira rallies as Qatar makes $15 bil. loan pledge

Police officers continued to patrol the area in which he is being kept under house arrest Thursday. Ankara accuses Mr Brunson - who operates a tiny evangelical church in Izmir - of having links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup two years ago.

Markets Google workers protest against secret China search engine ‘Dragonfly’
Author: 0 Google workers protest against secret China search engine ‘Dragonfly’

On Thursday, according to the New York Times , Google's chief executive told staff that development of the search engine was at an early stage and the company was not close to launching a search app in China . Outrage stems both from the nature of Dragonfly - a product that some employees feel violates the AI Principles - and that many employees only learned about the search product's existence from news reports , rather than their own bosses.

Author: 0 ‘We are cutting back on Turkey’

Gold prices shed over one per cent on Thursday to hit their lowest in more than 19 months, with the USA dollar holding steady near a recent peak as concerns about a Turkey crisis and China's economic health weighed on emerging market currencies.

Markets Death toll in Italian bridge collapse climbs to 39
Author: 0 Death toll in Italian bridge collapse climbs to 39

There would also be a 12-month state of emergency in and around Genoa, Conte added , with five million euros of funds going into recovery work. The cause is not yet known but there has been heavy criticism of the private company responsible for operating the bridge.

Markets Turkish lira weakens to 5.86, U.S. warns of more sanctions
Author: 0 Turkish lira weakens to 5.86, U.S. warns of more sanctions

The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar. Commenting on the move, the United States leader said: "I have just authorised a doubling of tariffs on steel and aluminium with respect to Turkey as their currency, the Turkish lira, slides rapidly downwards against our very strong dollar".

Markets China files WTO complaint against USA solar import tariffs
Author: 0 China files WTO complaint against USA solar import tariffs

But they also drove prices down by 60 percent, causing most US producers to stop production or declare bankruptcy, the US Trade Representative said in January. In order to protect its trade interests, China has deemed necessary to resort to the WTO dispute settlement mechanism. Trump, in recent months, has frequently complained that other countries are treating the U.S.as a "piggy bank" and that the U.S.is being "robbed" by their trade policies.

Markets Qatar pledges $15 billion to invest in Turkey
Author: 0 Qatar pledges $15 billion to invest in Turkey

The tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said, in an apparent parallel response to Trump´s move. However, the currency remains volatile, with no signs of interest rate rises to combat high inflation and an overheating economy. "President Erdogan appears to be playing a risky game if he thinks he can come out on top in this spat with the United States", he commented.

Markets Turkey's Erdogan Threatens Boycott of US Goods
Author: 0 Turkey's Erdogan Threatens Boycott of US Goods

The United States' top diplomat in Turkey, Jeffrey Hovenier, visited Brunson on Tuesday and called for his case - and those of others detained in Turkey - to be resolved "without delay" and in a "fair and transparent manner". The move failed to impress financial markets , however, which want the authorities to hike interest rates sharply to combat the lira s weakness and fight inflation.

Markets Bitcoin price keeps falling and just dipped below $6,000
Author: 0 Bitcoin price keeps falling and just dipped below $6,000

Bitcoins dominance comes as no surprise as it remains the most notable cryptocurrency in the world, even the person with the faintest idea of cryptos recognizes that bitcoin is the mother of them all. The price of the cryptocurrency also dropped while Bitcoin dominance increases. "Based on the analysis of Woo, a likely scenario for Bitcoin and the rest of the crypto market is to record another major drop in the near future, bottoming out at a lower range of prices, and demonstrating ...

Markets Qatar Rescues Turkey With $15 Billion
Author: 0 Qatar Rescues Turkey With $15 Billion

Washington has imposed sanctions on Ankara over the detention of an American pastor, Andrew Brunson . Turkish Finance Minister Berat Albayrak, who is Erdogan's son-in-law, and his Qatari counterpart Ali Sharif Al-Emadi were present at the talks in the capital Ankara .

Markets China, US To Hold Lower-Level Trade Talks In Late August
Author: 0 China, US To Hold Lower-Level Trade Talks In Late August

BMI Research said oil markets would "struggle for direction, as uncertainty around both the impact on supply from the Iranian sanctions and escalating trade tensions between the U.S. U.S. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.2 percent, at $65.17 a barrel, held back somewhat by rising U.S. crude production and storage levels.

Markets UK Jobless Rate Falls to 43-Year Low, but Pay Growth Weakens
Author: 0 UK Jobless Rate Falls to 43-Year Low, but Pay Growth Weakens

However, average earnings increased by 2.4 per cent in the year to June, down from 2.5 per cent the previous month and equal to the current the rate of inflation. There are 780,000 people in employment on "zero-hours contracts" in their main job, 104,000 fewer than for a year earlier. Flash figures for the second quarter show output per hour rose 0.4%, leaving productivity up just 1.5% year-on-year - below the rates enjoyed before the financial crisis.