Business

  • Dutchman Travels Across 33 Countries on Electric Car
    Dutchman_travels_across_33_countries_on_electric_car 2019-04-18 22:49:36 UTC
    Dutchman Wiebe Wakker on Sunday ended a 95,000 kilometer (59,000 mile) electric car journey that he hoped would show the world the viability of such vehicles. Wakker arrived in the eastern Australian city of Sydney after driving his retrofitted station wagon nicknamed "The Blue Bandit" across 33 countries including Turkey, Iran, India, Myanmar, Malaysia and Indonesia, with the route determined by the offers he received on his website. The trip started in the Netherlands and took just over three years. It was funded by public donations from around the globe, including electricity to charge the "Bandit," food and accommodation. "I wante...
  • Restaurant Dishes Labeled Gluten-Free Often Are Not
    Restaurant_dishes_labeled_gluten-free_often_are_not 2019-04-02 22:07:57 UTC
    For people with celiac disease, even tiny amounts of gluten in foods can cause trouble, and restaurants may be the hardest places to avoid the hidden protein, a U.S. study suggests. More than half of gluten-free pizza and pasta dishes tested in restaurants were positive for the presence of gluten, and overall, about one third of supposedly gluten-free foods had some gluten, researchers report in the American Journal of Gastroenterology. “The long-suspected problem of gluten contamination in restaurant foods that has been reported by patients likely has some truth behind it,” said senior study author Dr. Benjamin Lebwohl, director of ...
  • Oil Prices Continue to Rise Amid OPEC-Led Supply Cuts
    Oil_prices_rose__lifted_by_a_weak_dollar 2019-04-02 21:38:57 UTC
    NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a session peak at $69.52 a barrel, the highest since Nov. 13. The global benchmark rose 36 cents, or 0.52 percent, to settle at $69.37 a barrel. U.S. West Texas Intermediate (WTI) crude rose 99 cents, or 1.61 percent, to settle at $62.58 a barrel, after touching $62.75, its highest level since Nov. 7. The United States is considering more sanctions against Iran, the ...
  • Brexit: EU Prepares For a 'No-Deal' Scenario
    Brexit-_eu_prepares_for_a_'no-deal'_scenario 2019-03-29 20:39:59 UTC
    Theresa May's exit deal failed by 58 votes, and April 12 beckons as a new exit date for the UK out of the EU. More indicative votes are on the table, as the EU prepares for a 'no-deal' scenario. LONDON (Reuters) - Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the very day it was supposed to quit the bloc. The decision to reject a stripped-down version of May’s divorce deal has left it totally unclear how, when or even whether Britain will leave the EU, and plunges the three-year Brexit cri...
  • U.S. Judge Approves Bankruptcy Loan for PG&E
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-03-27 18:31:51 UTC
    SAN FRANCISCO (Reuters) - Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. San Francisco-based PG&E filed for Chapter 11 bankruptcy protection in January in the aftermath of devastating wildfires that struck California in recent years, some linked or suspected to be linked to the company’s equipment. Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco approved the debtor-in-possession loan over objections of a committee representing victims of w...
  • Chinese Company to Sell Popular Dating App Grindr
    Chinese_company_to_sell_the_popular_dating_app_grindr 2019-03-27 17:54:06 UTC
    (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of West Hollywood, California-based Grindr constitutes a national security risk, the two sources said. CFIUS’ specific concerns and whether any attempt was made to mitigate them could not be learned. The United States has been increasingly scrutinizing app deve...
  • Wall Street Bogged Down by Global Growth Worries
    What_is_a_point_on_the_new_york_stock_exchange_ 2019-03-27 17:53:13 UTC
    (Reuters) - Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay. Apple Inc was a bright spot, rising 1.23 percent after three straight days of losses. The benchmark 10-year Treasury yields slid on Wednesday, but came off 15-month lows reached overnight as investors remained focused on central bank dovishness globally. The inversion, if it persists, could indicate that a recession is likely in one to two years. [US/] U.S. stocks have been hit by worries of slowing global economic growth since last week following do...
  • Scientists' evidence for man-made global warming hits 'gold standard'
    Alarming_research_finds_global_warming_is_accelerating_sea_level_rise 2019-02-25 18:33:18 UTC
    OSLO (Reuters) - Evidence for man-made global warming has reached a “gold standard” level of certainty, adding pressure for cuts in greenhouse gases to limit rising temperatures, scientists said on Monday. “Humanity cannot afford to ignore such clear signals,” the U.S.-led team wrote in the journal Nature Climate Change of satellite measurements of rising temperatures over the past 40 years. They said confidence that human activities were raising the heat at the Earth’s surface had reached a “five-sigma” level, a statistical gauge meaning there is only a one-in-a-million chance that the signal would appear if there was no warming. ...
  • The segregation-era road-trip drama “Green Book” wins best picture at Oscars
    The_segregation-era_road-trip_drama_%e2%80%9cgreen_book%e2%80%9d_wins_best_picture_at_oscars 2019-02-25 04:57:11 UTC
    LOS ANGELES (AP) — The segregation-era road-trip drama “Green Book” was crowned best picture at the Academy Awards, handing Hollywood’s top award to a film seen as a feel-good throwback to some but ridiculed as an outdated inversion of “Driving Miss Daisy” by others. In a year where Hollywood could have made history by bestowing best-picture on Netflix (“Roma”) or Marvel (“Black Panther”) for the first time, the motion picture academy instead threw its fullest support behind a traditional interracial buddy tale that proved as popular as it was divisive. But Peter Farrelly’s “Green Book” weathered criticism that it was retrograde and ina...
  • Oscars winners 2019: The full list of winners
    Oscars_winners_2019-_the_full_list_of_winners 2019-02-25 04:32:29 UTC
    Los Angeles — Sunday night&rsquo;s Oscars marked a record-breaking year for recognizing the achievement of black artists. Shattering a record set in 2017, the 91st Academy Awards bestowed trophies to seven black winners in six categories. The following is a list of nominees and the winners: <h3>BEST PICTURE</h3><p>&quot;Black Panther&quot;</p><p>&quot;BlacKkKlansman&quot;</p><p>&quot;Bohemian Rhapsody&quot;</p><p>&quot;The Favourite&quot;</p><p>&quot;Green Book&quot; <strong>*WINNER</strong></p><p>&quot;Roma&quot;</p><p>&quot;A Star Is Born&quot;</p><p>&quot;Vice&quot;</p><h3><br></h3><h3>ACTRESS IN A SUPPORTING ROLE</h3><p>Amy Adams...
  • Buffett rebukes Trump for taking credit for US economic growth
    Buffett_rebukes_trump_for_taking_credit_for_us_economic_growth 2019-02-23 19:58:52 UTC
    (Reuters) - Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. Buffett lamented these states of affairs in his widely read annual letter to Berkshire shareholders. Accompanying the letter was more bad news, that sinking stock prices and a big writedown for the company’s Kraft Heinz Co investment fueled a $25.39 billion fourth-quarter net loss, and caused Berkshire to post its lowest annual profit since 2001. But many of ...
  • Democrats pursue subpoenas on US migrant family separation policy
    Fuck_you_melanie__you_feckless_piece_of_shit'-_kathy_griffin_goes_on_shocking_tirade_against_first_lady_and_demands_she_stops_her_husband_from_separating_immigrant_families 2019-02-23 19:35:34 UTC
    WASHINGTON (Reuters) - In what is likely to be their first public use of subpoena power since taking over the U.S. House of Representatives in January, Democrats were set to vote on Tuesday on subpoenaing documents on the Trump administration’s migrant family separation policy. If approved, the subpoenas by the House Oversight Committee would show Democrats beginning to invoke the investigative clout they obtained when voters in November handed them majority control of the House and took it away from Republicans. Democrats are initiating a series of investigations of President Donald Trump, his personal finances and business interest...
  • Sanders to Ask Why Drug, Once Free, Now Costs $375k
    Bernie_sanders 2019-02-04 16:47:41 UTC
    WASHINGTON (Reuters) - U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free. The drug, Firdapse, is used to treat Lambert-Eaton Myasthenic Syndrome (LEMS), a rare neuromuscular disorder, according to the letter, made available to Reuters by the senator’s office. The disorder affects about one in 100,000 people in the United States. The government is intensifying its scrutiny of the pharmaceutical industry and rising prescription drug prices, a top voter concern and a priority...
  • UK Government Considers Another Brexit Vote
    Brexit 2019-03-27 17:58:22 UTC
    LONDON, March 27 (Reuters) - Britain’s government will file a motion to allow parliament to sit on Friday as the government considers bringing another vote in parliament on its Brexit divorce deal, Brexit minister Stephen Barclay said on Wednesday. “The government will later today table a motion for the house to sit this Friday,” Barclay told parliament. “Whist I appreciate it may cause some inconvenience, it is better to have it and not need it than to need it and not have it.” <hr><I><strong>(Reporting By Elizabeth Piper and Andrew MacAskill)</I></srtrong><hr>
  • Germany to Accelerate Development of Autonomous Driving
    German_carmakers%e2%80%99_to_accelerate_the_development_of_autonomous_driving 2019-01-23 18:33:15 UTC
    FRANKFURT (Reuters) - Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. Carmakers and tech companies have been in a race to develop self-driving robotaxis since 2012 when Google unveiled a self-driving car. BMW announced a development pact with tech firm Mobileye in 2016 and Daimler struck an alliance with autos supplier Bosch in 2017. BMW and Daimler’s first-generation autonomous cars will start to emerge after 2020/2021 using comput...
  • Jimmy Carter: The US Is An “Oligarchy With Unlimited Political Bribery”
    Jimmy_carter-_the_u.s._is_an_%e2%80%9coligarchy_with_unlimited_political_bribery%e2%80%9d 2019-01-08 00:53:49 UTC
    <p>Former president Jimmy Carter said Tuesday on the nationally syndicated radio show the <a href="http://www.thomhartmann.com/">Thom Hartmann Program</a> that the United States is now an &ldquo;oligarchy&rdquo; in which &ldquo;unlimited political bribery&rdquo; has created &ldquo;a complete subversion of our political system as a payoff to major contributors.&rdquo; Both Democrats and Republicans, Carter said, &ldquo;look upon this unlimited money as a great benefit to themselves.&rdquo;</p><p>Carter was responding to a question from Hartmann about recent Supreme Court decisions on campaign financing like <em>Citizens United</em>.</p><p>T...
  • Golden Globes 2019: The Complete List Of Winners
    Golden_globes_2019-_the_complete_list_of_winners 2019-01-07 07:29:25 UTC
    <p>BEVERLY HILLS, Calif. (AP) &mdash; Complete list of winners at the 76th annual Golden Globe Awards, presented Sunday in Beverly Hills, California, by the Hollywood Foreign Press Association:</p><p>FILM</p><p>Drama: &ldquo;Bohemian Rhapsody&rdquo;</p><p>Actress, Drama: Glenn Close, &ldquo;The Wife&rdquo;</p><p>Actor, Drama: Rami Malek, &ldquo;Bohemian Rhapsody&rdquo;</p><p>Comedy or Musical: &ldquo;Green Book&rdquo;</p><p>Actor, Comedy or Musical: Christian Bale, &ldquo;Vice&rdquo;</p><p>Actress, Comedy or Musical: Olivia Colman, &ldquo;The Favourite&rdquo;</p><p>Actress-Supporting Role: Regina King, &ldquo;If Beale Street Could Talk&rdq...
  • US Utility Company PG&E Explores Filing for Bankruptcy
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-01-06 03:42:30 UTC
    (Reuters) - California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is considering the move as a contingency, in part because it could soon take a significant financial charge for the fourth quarter of 2018 related to liabilities from the blazes, the sources said. A bankruptcy filing is not certain, the sources said. The company could receive financial help through legislation that would let it pass on to customers costs a...
  • GM To Cut 14,700 Jobs In Ohio, Michigan, Maryland And Ontario
    Gm_to_cut_14_700_jobs_in_ohio__michigan__maryland_and_ontario 2018-11-26 18:36:11 UTC
    DETROIT/WASHINGTON (Reuters) - General Motors will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest North America restructuring for the U.S. No. 1 carmaker since its bankruptcy a decade ago. Its shares rose 7.6 percent to $38.66. GM plans to halt production next year at three assembly plants: Lordstown, Ohio; Hamtramck, Michigan; and Oshawa, Ontario. It will also stop building several models now assembled at those plants, including the Chevrolet...
  • Catastrophic Effects of Climate Change
    Catastrophic_effects_of_climate_change 2018-11-25 02:46:14 UTC
    (Reuters) - Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate. The congressionally mandated report, written with the help of more than a dozen U.S. government agencies and departments, outlined the projected impact of global warming on every corner of American society in a dire warning that is at odds with the Trump administration’s pro-fossil-fuels agenda. “With continued growth in emissions at historic rates, annual losses in some economic secto...
  • Brexit: The Irish border has become a sticking point
    Brexit-_the_irish_border_has_become_a_sticking_point 2018-10-15 16:25:14 UTC
    LUXEMBOURG (AP) — Britain and the European were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain’s divorce from the bloc. A flurry of diplomatic meetings over the weekend had raised hopes for a Brexit agreement, but they were derailed by the issue that has dogged the talks for months — how to ensure that no hard border is created between the EU’s Ireland and Britain’s Northern Ireland once Brexit happens on March 29. The EU has proposed a “backstop” solution that would keep Northern Ireland ...
  • Facebook says hackers accessed data from 29 million accounts
    Facebook_says_hackers_accessed_data_from_29_million_accounts 2018-10-12 17:50:55 UTC
    NEW YORK (AP) — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affected, but Facebook didn’t know if they had been misused. The hackers accessed name, email addresses or phone numbers from those 29 million accounts. For 14 million of those accounts, hackers got even more data, such as hometown, birthdate, the last 10 places they checked into or 15 most recent searches. One million accounts were affected but hackers didn’t gain information. The social media servic...
  • US Stock Markets In A Free Fall
    Us_stock_markets_in_a_free_fall 2018-10-11 21:54:02 UTC
    NEW YORK — The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday after both indexes on Wednesday logged their largest losses on a percentage basis since Feb. 8. The S&P 500 has closed lower for five straight days. The Nasdaq declined on Thursday, a day after the tech-heavy index had its biggest percentage drop since June 2016. <blockquote> Stocks in Asia closed sharply lower on Thursday following the selloff on Wall Street. Tokyo&#39;s Nikkei 225 declined 3.9%, and the Shanghai Composite index sank 5.2%. Banks and health care companies are taking some of the worst losses while technology companies are slightly h...
  • Dominated by men: Amazon scraps tool that showed bias against women
    Dominated_by_men-_amazon_scraps_tool_that_showed_bias_against_women 2018-10-11 21:53:47 UTC
    SAN FRANCISCO (Reuters) - Amazon.com Inc’s (AMZN.O) machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programs since 2014 to review job applicants’ resumes with the aim of mechanizing the search for top talent, five people familiar with the effort told Reuters. Automation has been key to Amazon’s e-commerce dominance, be it inside warehouses or driving pricing decisions. <blockquote><h2>Amazon’s experimental hiring tool</h2>The company’s experimental hiring tool used artificial intelligence to give job candidates scores ranging from one to fiv...
  • Wall Street faces worst day since February
    Dow_jones_drops_831_points 2018-10-11 21:53:35 UTC
    NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. Major equity indexes in Europe fell more than 1.0 percent, also pulled down by technology shares, and gold prices inched up as some investors sought refuge in the metal. “The S&P 500 is looking very weak and negative and that is putting fear into investors,” said Michael Matousek, head trader at U.S. Gl...