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Economy

In November, Airbus suffered the embarrassment of believing it had struck a deal to sell A380s to Emirates, only to see Boeing sit on the podium with the airline and sign a $US15.1 billion ($20.6b) deal. "I would like to thank Emirates, HH Sheikh Ahmed, Tim Clark, and Adel Al-Redha for their continued support of the A380", says Leahy. An order for new double-deckers from IAG would help vindicate Airbus's efforts to save the A380, which Leahy said Monday might be scrapped after failing to ...
  • China shuts down Marriott website for listing Tibet as separate country

    China shuts down Marriott website for listing Tibet as separate country

    Economy

    The Shanghai Cyberspace Authority said Marriott was ordered to "to conduct a comprehensive self-examination and rectification to completely clean up illegal content". The United States, along with many other countries, does not recognize Taiwan as a sovereign nation and officially sticks to the "One China" position, but has kept informal relations with the island after severing diplomatic ties with it in 1979.
  • MoneyGram to test cryptocurrency Ripple

    MoneyGram to test cryptocurrency Ripple

    Economy

    Ripple's transaction fees still remain fractions of a penny, while Bitcoin fees are approximately $30 per transaction. "By using a digital asset like XRP that settles in three seconds or less, our clients can move money as quickly as information", Ripple's chief executive officer, Brad Garlinghouse, said in a statement.
  • Gas prices rise 2 cents a gallon to $2.53 in Rhode Island

    Gas prices rise 2 cents a gallon to $2.53 in Rhode Island

    Economy

    This phenomenon is normal this time of year, and usually leads to lower gas prices in January and February. AAA said the high level of gasoline supplies in the region was keeping a lid on prices, and the pace at which refineries were working was "healthy".
  • M&S clothing and home sales fall over Christmas quarter

    M&S clothing and home sales fall over Christmas quarter

    Economy

    In the four weeks before Christmas Day Tesco enjoyed "record sales and volumes" and in the first week of December Tesco reported its biggest ever week of sales, outstripping the market by almost four per cent in fresh food. But an unseasonably mild October had resulted in an overall revenue decline for the quarter, while online sales also suffered, with growth slowing to 3%, from 6% in the previous quarter.
  • Brooklyn Assemblywoman Indicted on Fraud Charges

    Brooklyn Assemblywoman Indicted on Fraud Charges

    Economy

    Attorney's Office for the Eastern District of ny announced on Tuesday. In one of the four alleged schemes, between August 2014 and July 2015, when Harris was executive director of a not-for-profit organization in Brooklyn, she is accused of defrauding New York City Council of $22,800 by falsely claiming the money would go toward rent for a studio art space for community use.
  • Ford F-150 Diesel Revealed: 440 LB-FT Punch, 30 MPG Efficiency

    Ford F-150 Diesel Revealed: 440 LB-FT Punch, 30 MPG Efficiency

    Economy

    Over the decades; the Ford F-150 has had updates, design changes, and the record for best-selling USA vehicle for the last 41 years. Ford is pairing the engine with its SelectShift 10-speed automatic transmission. Ford is hoping to gain a marketing edge in the popular pick-up market, as rivals also explore more efficient engines. The engine has been severely tested under the most demanding conditions to ensure it performs as required.
  • Volkswagen ID Buzz will use Nvidia's AI technology

    Volkswagen ID Buzz will use Nvidia's AI technology

    Economy

    Uber isn't the only one getting cozier to Nvidia and its self-driving tech. Electric versions of the iconic Volkswagen van were originally announced in 2015, while the non-electric originals ceased production in 2003. Notably, the first samples of the Xavier Drive will be rolled out in 2018's first quarter. The technology will enable so-called "intelligent co-pilot" capabilities based on processing sensor data inside and outside the vehicle.
  • Indian Economy Will Grow at 6.5 Per Cent in 2017-18: Government

    Indian Economy Will Grow at 6.5 Per Cent in 2017-18: Government

    Economy

    GDP is seen growing 6.5% in FY18, down from 7.1% past year, according to the first advance estimates released by the statistics office on Friday. India's GDP would reach Rs 129.85 lakh crore in 2017-'18 as against Rs 121.90 lakh crore in the 2016-'17 fiscal year, the office said.
  • Customs Computer Outage Creates Delays For Arriving Passengers At Kennedy Airport

    Customs Computer Outage Creates Delays For Arriving Passengers At Kennedy Airport

    Economy

    Central Standard Time, and the systems went back online about 8:30 p.m. All airports are now back on line. "At this time, there is no indication the service disruption was malicious in nature", the agency said. Customs and Border protection at JFK Airport caused lines and major headaches for travelers at JFK Airport. A few minutes later, another tweet said the customs processing issue was resolved.
  • Dispatch: Iranian protesters defy authorities to voice differing demands for change

    Economy

    An Iranian official said two protesters previously reported killed in Dorud city on Saturday night during anti-government demonstrations were targeted by foreign agents and not the police. "Those who misused cyberspace and spread violence are absolutely known to us and we will definitely confront them", Iranian Interior Minister Abdolreza Rahmani Fazli said on state television.
  • Michigan's minimum wage set to rise on New Year's Day

    Michigan's minimum wage set to rise on New Year's Day

    Economy

    Of the 22 European Union member states with a minimum wage, only workers in Luxembourg (€1,999 per month) receive a higher monthly minimum wage than workers in Ireland, who take home €1,563 per month, according to the report, valid as of January 1, 2017.
  • JetBlue plane skids off taxiway at Logan airport

    JetBlue plane skids off taxiway at Logan airport

    Economy

    Peters said passengers used stairs to exit the aircraft and were taken by bus to the terminal. When told that emergency personnel would be responding, the pilot said, "We just need a tow". Earlier on Monday departures and arrivals were halted at Logan International for about an hour as snow reduced visibility to near zero, airport officials said.
  • Store Christmas Eve hours 2017: Is Costco open?

    Store Christmas Eve hours 2017: Is Costco open?

    Economy

    Niagara Falls Transit will have modified service on Christmas Day and Boxing Day, but offices will be closed. Harris Teeter will be open until 7:00 pm on Christmas Eve. It's Christmas Eve: the beginning of the Christmas celebrations, full of family, friends, fun and food - and frantic rushing to the shop. JCPenney: Opening at 7 a.m.to 10 p.m.
  • Allowed Kulbhushan Jadhav's meeting with wife, mother on 'humanitarian grounds'

    Allowed Kulbhushan Jadhav's meeting with wife, mother on 'humanitarian grounds'

    Economy

    This was the first meeting between Jadhav, who was convicted of espionage, and his family since his arrest on March 3, 2016. Speaking to media after the meeting, Dr Mohammad Faisal, the spokesperson of the Pakistan's Ministry of Foreign Affairs, said the meeting was not a "consular access" as the diplomat was present but was not allowed to speak to Jadhav.
  • Salvation Army Bell Ringer Beaten for Wishing a Man 'Merry Christmas'

    Salvation Army Bell Ringer Beaten for Wishing a Man 'Merry Christmas'

    Economy

    But Paxton and a handful of volunteers revived the Salvation Army's presence just before the 2016 holiday season, and volunteers like O'Mara helped raise about $7,000 for 2017. Hughes said statewide, 30 to 40 percent of kettle campaigns have been struggling with donations. "It's all donor based and so what we have to do is make more money so we can help more people".
  • Bitcoin transaction temporarily disabled on Coinbase, one of biggest digital currency market

    Bitcoin transaction temporarily disabled on Coinbase, one of biggest digital currency market

    Economy

    Even though the cryptocurrency started the year at less than $1,000, it rocketed to a record high above $19,800 on Sunday. Bitcoin wasn't the only currency hit by a sharp drop . Coinbase , the biggest platform for buying and selling bitcoin , announced on Wednesday that it will be supporting Bitcoin Cash. By that point, it had declined more than $6,000 from its short-term peak the morning before, having lost more than one-third of its value.
  • Comcast and AT&T announce fresh investment plan

    Comcast and AT&T announce fresh investment plan

    Economy

    The GOP's controversial tax plan may have already seen its first tangible positive effect on the public, with AT&T and Comcast announcing that the bill's passage will allow them to reward their employees with $1,000 bonuses. "This tax reform will drive economic growth and create good-paying jobs", he said. He added , "Jobs, Jobs, Jobs!" CEO Randall Stephenson also promised a $1 billion investment in the United States in 2018.
  • German pilots' union calls four-hour Ryanair strike tomorrow

    German pilots' union calls four-hour Ryanair strike tomorrow

    Economy

    Rather, Ryanair is trying to win time and attempting to delay the beginning of collective bargaining". The Italian union Anpac said it planned to meet with Ryanair representatives in Rome in January. Update 12.04am: Ryanair has written to IMPACT setting out its plans to recognise the pilots'union . Ryanair pilots in Ireland represented by the Irish Air Line Pilots' Association (IALPA) and IMPACT will not take industrial action against the airline after confirmation of a "historic ...
  • Long Island Iced Tea changing name to Long Blockchain

    Long Island Iced Tea changing name to Long Blockchain

    Economy

    Just change your name to something blockchain . Diagnostic company Bioptix's shares soared 400 percent after it changed its name to Riot Blockchain RIOT.O in October. The well-established beverage firm announced an abrupt change in focus favoring blockchain technology. Those opportunities, which as of now haven't turned into solid partnerships or agreements, include a blockchain infrastructure developer in financial services, a London-based foreign-exchange services provider developing ...
  • Ryanair's O'Leary warns unions ahead of first-ever talks

    Ryanair's O'Leary warns unions ahead of first-ever talks

    Economy

    Mr Wilson earlier said this was the new reality for Ryanair - they were recognising unions and this was the first meeting today. He said the unions also reminded management they could reactive their intent to strike in the absence of a "timely agreement".
  • Ryanair in union supply to keep away from Christmas strikes

    Ryanair in union supply to keep away from Christmas strikes

    Economy

    Impact initially responded today by saying it would not suspend the walk-out until after meeting Ryanair , but announced in a statement this evening that the strike was off. It is the first time Ryanair boss Michael O'Leary has extended such an invitation to union leaders in the 32 years the company has been flying. The airline was also facing action by pilots in Italy , Germany and Portugal .
  • More people will travel for the holidays than ever before, says AAA

    More people will travel for the holidays than ever before, says AAA

    Economy

    Based on historical and recent travel trends, drivers can expect the greatest amount of congestion before the holiday week - Wednesday, Dec. 20 and Thursday, Dec. Gas prices jumped more than 10 percent after Hurricanes Harvey and Irma, peaking on September 8 at an average of $2.67 a gallon. "We are also seeing that the labor market is doing very well, consumers have more money in their pockets and are more confident.
  • Canadian billionaire couple found dead in mysterious circumstances

    Canadian billionaire couple found dead in mysterious circumstances

    Economy

    Barry Sherman founded Apotex in 1974. Sherman acquired the company named Empire Laboratories - the predecessor of Apotex - from his uncle after the death of the latter. Outside of the pharmaceutical business, the Shermans were also known for their philanthropy. The Shermans, who had four children, were major donors to hospitals, universities and Jewish organisations.
  • Goat helps ring bell for Salvation Army donations

    Goat helps ring bell for Salvation Army donations

    Economy

    The Salvation Army says it has raised 53 percent of its $900,000 goal so far this season. "I was very pleased we still have that kind of caring spirit here in Charlotte", Larry Broome, Charlotte Salvation Army commander, said. While Gelzinnis said he is confident that the Alton Corps will once again be able to light their star, he encouraged everyone to give generously over the next week and a half.
  • Sensex rallies over 250 points; Vedanta, M&M stocks gain

    Sensex rallies over 250 points; Vedanta, M&M stocks gain

    Economy

    The start was electrifying after a string of survey agencies predicted a clear win for the BJP in these two states, but the rally faltered as investors made a decision to wait for the counting, the results of which will start trickling in during market hours on December 18.
  • Salvation Army hoping to raise $45K on Saturday for Red Kettle Campaign

    Salvation Army hoping to raise $45K on Saturday for Red Kettle Campaign

    Economy

    It's all to help surprise them come Christmas morning and take away the stress some families have when they can't afford gifts for their kids during the holidays. Past year in MA, the Salvation Army provided more than 2.4 million meals, almost 200,000 nights of shelter, more than 67,000 days of child care, and 343,333 Christmas gifts for children.