Finance

Telstra to cut 1400 jobs

Telstra to cut 1400 jobs Telstra has arranged a meeting with the Communications Workers Union (CWU), reports iTnews , for 2pm Thursday to brief union officials on the move. The body representing telecommunications workers says Telstra "ambushed" workers "without any prior notice", despite months of planning by executives. [Full Article...]

Kylian Mbappe weighing transfer options with family

Kylian Mbappe weighing transfer options with family The Monaco forward burst onto the scene last season and it's understood the likes of Real Madrid , Manchester United , Arsenal and Liverpool will all be vying for his signature in the coming months. Mbappe has made it clear that his sporting interest will come ahead of remuneration when he chooses his next destination, while the Monaco hierarchy has also indicated that they will not stan... [Full Article...]

US oil production seen thwarting OPEC effort to boost prices

If correct, that could keep a lid on oil and energy prices as a glut of supply grows despite the efforts of countries in the OPEC cartel and allies like Russian Federation to limit production. The bulk of new oil entering the market will come from USA shale fields, who are all taking advantage of higher oil prices that makes it more lucrative to proceed with new oil rigs and investing in shale fie... [Full Article...]

White House: Trump won't sack special counsel Robert Mueller

House Speaker Paul Ryan , R-Wis., told reporters Tuesday that he had confidence in Mueller and called reports that Trump might fire Mueller "rumors". Solicitor general Robert Bork ultimately fired Cox. When West Virginia Senator Joe Manchin asked Rosenstein if Mueller could be "terminated without cause", Rosenstein said "yes". [Full Article...]

So Much For The OPEC Deal: Oil Trading Near Multiweek Lows

So Much For The OPEC Deal: Oil Trading Near Multiweek Lows Crude oil inventories again fell significantly, draining US stockpiles by more than 10 million barrels over the past two weeks, the Energy Department reported Thursday. WSJ's May analyst survey puts crude at an average of $56 a barrel this year, down a dollar from April survey. OPEC output climbed in May, led by gains from Libya and Nigeria, countries that are exempt from supply cuts. [Full Article...]

Trump clings to coal as worldwide demand plummets

Trump clings to coal as worldwide demand plummets Coal's share in the energy mix declined to its lowest since 2004 at around 28 percent, while production of the highly polluting fossil fuel saw its largest ever annual drop at 6.2 percent, BP said. Both countries have vowed to significantly increase investment in renewables , electric vehicles, and energy efficiency measures, potentially leading to further downward pressure on energy demand in t... [Full Article...]

Employer confidence in India dips to lowest since 2005

Employer confidence in India dips to lowest since 2005 Of the employers surveyed, 27 percent said they plan to hire more employees from July through September. Three per cent said they were anticipating cut backs, and the remaining three per cent weren't sure what their hiring intentions would be for the quarter, said Erica Melarangeli of the group's London office. [Full Article...]

Former Penn State Leaders Sentenced To Prison For Molestation Scandal

Former Penn State Leaders Sentenced To Prison For Molestation Scandal Former school president Graham Spanier , former athletic director Tim Curley and former PSU vice president Gary Schultz were all sentenced Friday . He will serve two months in jail, followed by house arrest and also pay a $5,000 fine, according to Grace. Prosecutors said they had agreed not to recommend sentences for Curley and Schultz. [Full Article...]

Uber director David Bonderman resigns from board following comment about women

Uber director David Bonderman resigns from board following comment about women Bonderman's comment on women did not go unnoticed on social media and even during the board meeting. Bonderman quickly apologised, sending an email to admit fault. The public mood toward Uber began to turn when Kalanick joined an advisory board for President Trump and appeared to undermine a NY taxi strike related to the president's controversial effort to impose a travel ban, sparking the #Dele... [Full Article...]

Singer with teen following online faces child porn charges

Singer with teen following online faces child porn charges According to The Chicago Tribune , he was arrested in his Chicago home and faces two felony counts of production of child pornography. The 24-year-old is now in federal custody since his arrest at the Chicago O-Hare Airport on Monday and will appear in court on Wednesday for a bond hearing. [Full Article...]

US attorney general to face questions on James Comey firing, Russia

US attorney general to face questions on James Comey firing, Russia But his testimony will be a dramatic sequel to the fired FBI chief's tour de force that twisted a knife in President Donald Trump's administration over the Russian Federation investigation and still has Washington buzzing. "That's a question for the committee", said Justice Department spokeswoman Sarah Isgur Flores. As attorney general, Sessions is unlikely to answer in detail questions abou... [Full Article...]

Investor Focus on Royal Mail PLC (RMG.L) Shares

Lowes Cos Inc now has $67.41B valuation. Shareholders of record on Thursday, July 13th will be issued a dividend of GBX 8.38 ($0.11) per share. This rating was disclosed in an analyst note on 13 June. Ocado Group PLC (LON:OCDO) has 0.00% since June 13, 2016 and is. It has underperformed by 16.70% the S&P500. Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and oth... [Full Article...]

Puerto Rico mulls political status in new referendum

Puerto Rico mulls political status in new referendum Ninety-seven percent of the votes favored statehood but voter participation was just 23% after opposition parties called for a boycott of what they called a "rigged" process in part over the ballot language. Most of the 500,000 people who voted chose statehood. Thanks to its triple-tax-exemption (interest is free from federal, state, or local income taxation), individual investors and tax-exempt... [Full Article...]

Boris Johnson calling for end to blockade of Qatar

Boris Johnson calling for end to blockade of Qatar Speaking after meeting Qatari foreign minister Sheikh Mohammed bin Abdulrahman Al Thani, Mr Johnson said: "I have been in touch with my counterparts across the region about the current tensions with Qatar". Turkey and Qatar have developed close ties over the years and reached agreement in 2014 to set up a Turkish military base there. In Doha , Qatar Airways called on the UN's aviation body to d... [Full Article...]

Sessions to Face Sharp Questions on Russia Contacts

Sessions to Face Sharp Questions on Russia Contacts Similarly, he did not answer whether Trump had expressed concern to Sessions about the attorney general's March decision to recuse himself from the Russian Federation investigation. Sessions maintained that he had not been briefed on the Russian Federation investigation between the time of his February swearing-in and his March 2 recusal. [Full Article...]

Trump cheerleaders turn on special counsel Mueller

California Sen. Dianne Feinstein told Rosenstein that she believes it would be "catastrophic" if special counsel Robert Mueller were fired on the orders of President Donald Trump . Attorney General Jeff Sessions attends a Cabinet meeting with President Donald Trump , Monday, June 12, 2017, in the Cabinet Room of the White House in Washington . [Full Article...]

Fresh questions for Sessions _ and he'll answer in public

Fresh questions for Sessions _ and he'll answer in public Questioned by Sen. Ron Wyden (D-OR), Former FBI Director James Comey dropped a hint about some kind of information with regards to Attorney General Sessions and the Russian Federation investigation, which Comey was convinced would lead to Sessions recusing himself from the Russian Federation probe. [Full Article...]

Parents of man released from NK say he's in coma

According to Washington Post , Warmbier's parents say he had been medically evacuated from North Korea on Tuesday. He was later charged with " hostile acts against the state " and was sentenced to 15 years of hard labor in March. A White House official says the May meeting in Oslo was attended by Joseph Yun, the US envoy to North Korea. He is on a Medivac flight on his way home. [Full Article...]

Congressional Democrats sue Trump over foreign payments

The lawsuit said heavy spending by foreign diplomats and embassies at the Trump International Hotel just a few blocks from the White House, payments by foreign entities at his Trump Tower and Trump International Tower in NY, and other business operations effectively violate the US Constitution's ban on presidents enriching themselves while in office. [Full Article...]

Interior Secretary Announces Recommendations for Bears Ears National Monument

Interior Secretary Announces Recommendations for Bears Ears National Monument Ryan Zinke is recommending that the new Bears Ears National Monument in Utah be reduced in size and says Congress should step in to designate how selected areas of the 1.3 million-acre site are categorized. "Under the former administration, we questioned whether this is about conservation or just control". He summed up his optimism in two words: "President Trump". [Full Article...]


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