Economy

Expansion of auto-enrolment will lead to £3.8bn additional pension savings

Expansion of auto-enrolment will lead to £3.8bn additional pension savings A review out tomorrow calculates 12million people undersave for retirement. While workers aged 22+ who fulfil the other criteria are auto-enrolled, those aged 16-21 or 65-74 are allowed to opt into their workplace pension but you're not eligible for employer contributions unless you're earning £5,876 or above. [Full Article...]

Amazon investigated by advertising watchdog over delivery complaints as Christmas gifts delayed

Amazon investigated by advertising watchdog over delivery complaints as Christmas gifts delayed But customers have pointed out that Amazon's customer service policy is to wait three days before launching an investigation, which rather diminishes the point of a rush one-day service as it means that if you have to re-order, you risk doubling up if the old one turns up. [Full Article...]

Campbell Soup to acquire Snyder's pretzel, Pop Secret popcorn maker

Campbell Soup to acquire Snyder's pretzel, Pop Secret popcorn maker Campbell's net sales fell by 1 percent, to $7.89 billion, in its latest fiscal year. Melding Campbell and Snyder's-Lance's roughly $2 billion USA snack portfolios will radically cut costs and add complementary salty snacks to round out Campbell's successful Pepperidge brand and Lance's position as a big national distributor of salty snacks, Feeney said . [Full Article...]

CME Bitcoin Futures Drive Price Over $20000

CME Bitcoin Futures Drive Price Over $20000 The world's biggest exchange operator by value, CME Group, launched the futures, which allow traders to bet on the future value of bitcoin . CME set a reference price for the January contract at $19,500, $19,600 for the February contract, $19,700 for March and $19,900 for June. [Full Article...]

'Snacking powerhouse': Hershey to acquire Skinny Pop maker Amplify Snack Brands

'Snacking powerhouse': Hershey to acquire Skinny Pop maker Amplify Snack Brands Hershey's chocolate bars are shown in this photo illustration in Encinitas, California January 29, 2015. The maker of Reese's Peanut Butter Cups and Hershey's Kisses said it would pay US$12 for each Amplify share, a 71.4% premium to the stock's close on Friday. [Full Article...]

Oracle to buy Australia's Aconex for $1.56bn

Oracle to buy Australia's Aconex for $1.56bn United States computer technology company Oracle Corp today struck a deal to buy Australian cloud-based software developer Aconex Ltd for A$1.56 billion ($1.2 billion). "Delivering projects on time and on budget are the highest strategic imperatives for any engineering and construction organisation", Oracle senior vice president and general manager of construction and engineering global busi... [Full Article...]

Brussels to launch tax investigation into Ikea

Brussels to launch tax investigation into Ikea With the probe, the European Commission is taking a close look at the ways Ikea allegedly used a Dutch subsidiary to slash its tax bill on revenue from megastores around the world. The commission has previously investigated tax avoidance structures of multinational companies, including Apple , Starbucks and Amazon . "The Netherlands fully supports the Commission's work", said a senior Dutc... [Full Article...]

Toyota will electrify entire vehicle lineup by 2025

Toyota will electrify entire vehicle lineup by 2025 Executive Vice President Shigeki Terashi said today that Toyota's EVs will be first offered in China, a nation that's encouraging electric vehicles with subsidies and other policies, and is expected to drive massive growth in that technology. [Full Article...]

Wenger could lose Arsenal 8 in mega squad shake-up

Wenger could lose Arsenal 8 in mega squad shake-up Ozil's victor on Saturday was a moment of class from a player who has divided opinion among the Arsenal fan base since his big-money move from Real Madrid in 2013. Arsenal , though they are winless in three league games, have won each of their last nine league matches against the Magpies, scoring 22 goals and conceding just six times in the process. [Full Article...]

Second bitcoin futures greets wild market

Second bitcoin futures greets wild market But either way, Bitcoin bulls do seem emboldened that the launch of futures at places such as CBOE and CME are another step in "institutionalizing" Bitcoin , pulling it away from the realm of "fad" and into the list of real "establishment" currencies which are here to stay. [Full Article...]

Power outage suspends flights at Atlanta airport

Power outage suspends flights at Atlanta airport Passengers sit stranded at the Atlanta airport, December 17, 2017 . Georgia Power said in a tweet from the company's official account that crews were at the airport working to determine the cause of the outage. The FAA released a statement noting a ground stop for all flights heading to Atlanta from other airports around the nation as a result of the power outage at Hartsfield-Jackson. [Full Article...]

Digital Push: Government To Reimburse MDR To Banks For Small Payments

Digital Push: Government To Reimburse MDR To Banks For Small Payments The merchant discount rate ( MDR ) will be borne by the government for two years with effect from 1 January, 2018 by reimbursing the same to the banks. A dipstick survey by this newspaper in December 2016 found that one of the main reasons for small merchants' reluctance to switch to card-based payments is the high transaction cost. [Full Article...]

Sydney man charged as 'agent' for North Korea

Chan is an Australian national who has been in the country for 30 years, reported The Australian newspaper. He is understood to be South Korean-born. "This was his goal". "North Korea is a risky, reckless, criminal regime threatening the peace of the region". "We are not suggesting there are any weapons or missile componentry that ever came to Australian soil", Gaughan said. [Full Article...]

Korea's internet business body regrets U.S. decision to kill net neutrality

Korea's internet business body regrets U.S. decision to kill net neutrality The rules governing the internet will essentially go back to the way they were before 2015: The FCC says it will put up a fight if it determines a broadband company is acting in an anti-competitive manner. But those provisions were non-binding. He's making his argument for repealing net neutrality rules by donning a Santa Claus suit, wielding a fidget spinner and a toy gun, wearing eclipse glass... [Full Article...]

Sioux Falls' USPS processing center is In a holiday rush

Sioux Falls' USPS processing center is In a holiday rush Omaha Postal Impressions, 5436 S. 136th St. - 1 p.m.to 5 p.m. When shipping packages, customers can choose the Hold for Pickup option and the recipients can collect the packages at their local post office. "It's always nice to not only deliver for our customer but ultimately, we have parcels, Christmas cards, so many things that, kind of just, you know, make it an especially privilaged time of yea... [Full Article...]

CAIT demands deferring of e-way Bill from February to April 1

CAIT demands deferring of e-way Bill from February to April 1 The e-way bill provisions were approved by the GST Council in its meeting on August 5 and were subsequently notified on August 30. "GST invoice matching, e-way bills... There are certain states which already have a system of e-Way Bill for intra-state as well as inter-state movement and some of those states can be early adopters of the national e-Way Bill system for intra-state movement also, it... [Full Article...]

Covert Uber 'impersonation' and 'wiretapping' claims revealed in court letter

Covert Uber 'impersonation' and 'wiretapping' claims revealed in court letter In court testimony, Jacobs publicly denied parts of the letter, saying he didn't stand by the statement that Uber surveilled its competitors and stole trade secrets from Waymo . "So I'm going to treat it that way". After his attorney sent the demand letter to Uber outlining potentially criminal activities within Uber's "strategic services group" and "marketplace analytics" teams, he and Uber reac... [Full Article...]

Ryanair offers to recognise unions in bid to avert Xmas strikes

Ryanair offers to recognise unions in bid to avert Xmas strikes Investors in Ryanair have questioned if Michael O'Leary's reign is coming to an end after he yesterday offered to recognise unions for the first time in the company's 32-year history. The European Transport Workers' Federation (ETF) and International Transport Workers' Federation (ITF), which represent pilots and cabin crew in all of Europe's major airlines, also wrote to Mr O'Leary to say they ... [Full Article...]

Adobe Systems Incorporated (NASDAQ:ADBE) Shares Sold by Segall Bryant & Hamill LLC

BB&T Investment Services Inc. now owns 923 shares of the software company's stock valued at $138,000 after purchasing an additional 275 shares during the last quarter. Among 5 analysts covering Aegion ( NASDAQ:AEGN ), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 76% are positive. Adobe Systems's quarterly revenue was up 24.8% on a year-over-year basis. [Full Article...]

USA rate hike to have little impact on S. Korean market

USA rate hike to have little impact on S. Korean market The Federal Reserve on Wednesday raised interest rates one notch higher as the US economy continues to get healthier. It was the third rate hike this year. U.S. stocks extended their gains after the release of the policy statement, while Treasury yields dropped to session lows. The currency's value has fluctuated by thousands of dollars in less than a day. [Full Article...]


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