This week is going to be a very interesting week with so many news coming out to the market that can greatly affect the month of August. Bulls are fighting really hard to stay ahead and bears could be potentially lurking around the corner. Will this week spark a catalyst to tilt one of them […]
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BBC News – Business- £2bn rail upgrade proposal put forward for MidlandsMidlands Connect say it would mean direct services between some cities for the first time since 2004.
- Bonmarché seeks rescue bid after 'poor' salesShares in the fashion chain have plunged as it backed a previously spurned takeover by billionaire Philip Day.
- Robots 'to replace up to 20 million factory jobs' by 2030A huge acceleration in the use of robots will affect jobs around the world, Oxford Economics says.
- Pound's fall has stopped us buying a round of drinksSterling's woes make life tougher for some foreign workers, but for many firms, it's good news.
- China suspends some Canadian pork imports as tensions riseChina halted imports of some Canadian pork products as tensions between the countries rise.
- Guildford's buses go electricGuildford has introduced a fleet of electric buses for its park and ride service to the town centre.
- When poverty means living without soapA father-of-five speaks of living in destitution - a reality for many behind closed doors. a charity says.
- San Francisco becomes first US city to ban e-cigarettesThe US city, home to market leader Juul, is the first to ban sales in-store and from online retailers.
- Tesco customer in a pickle over labellingCustomer query over best before date on burger relish prompts Twitter exchange.
- RAF fighters escorted Jet2 flight after ‘miscommunication’The fighter jets were scrambled after an apparent mix-up between air traffic control and the pilots.
- £2bn rail upgrade proposal put forward for Midlands
- Reuters: Business News
- Apple buys self-driving car startup Drive.aiApple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai.
- Masters of what universe? Central bankers in a bind as G20 bickers over tradeFor decades the United States led the push for lower tariffs worldwide, but President Donald Trump is testing the solidarity of his G20 peers with a protectionist line on trade, putting central bankers in a tough spot with depleted resources to battle a downturn that may be coming sooner than expected.
- Large carmakers including Volkswagen, FCA could face 2021 EU emissions fines: studyVolkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners.
- Oil prices jump as U.S. crude stocks fall, Middle East worries add supportOil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential U.S.-Iran conflict.
- Secrets lawsuit to be dropped under Mitsubishi-Bombardier dealA trade secrets lawsuit brought by Canada’s Bombardier against the aircraft unit of Mitsubishi Heavy Industries Ltd has been "stayed" or suspended and will be dropped when a deal for the Japanese company to buy Bombardier's regional jet program closes, Mitsubishi said on Tuesday.
- Bombardier exits commercial aviation with sale of regional jet business to MitsubishiBombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.
- Tesla faces delivery bottleneck at close of second-quarter: ElectrekShares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.
- Asia stocks retreat after Fed tempers aggressive rate cut expectationsAsian stocks retreated on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.
- U.S. aims to restart China trade talks, will not accept conditions on tariff useThe United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.
- U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivalsThe U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods Inc and other poultry processors including Pilgrim's Pride Corp and Sanderson Farms Inc colluded to fix poultry prices, court documents show.
- Apple buys self-driving car startup Drive.ai