Economy

Two US intel chiefs say were never pressured by White House

But that did not satisfy Democrats, who said there was no reason for them not to divulge the details. "Director Coats, he communicated to me publicly and privately that he would aid the Russian Federation investigation and I want to see the veracity of the reports that the president asked him to back off from the investigation". [Full Article...]

Credit Agricole SA Increases Stake in Teva Pharmaceutical Inds LTD (TEVA)

Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA ) has declined 41.70% since June 10, 2016 and is downtrending. It has underperformed by 58.40% the S&P500. Analysts await FedEx Corporation (NYSE:FDX) to report earnings on June, 20 after the close. FDX's profit will be $1.03B for 13.44 P/E if the $3.84 EPS becomes a reality. [Full Article...]

What It Means That The US is Leaving The Green Climate Fund

The coalition will align a number of different efforts to show US support for the Paris agreement , including a commitment of over 260 corporations including Kellogg, Pepsi Co. "We don't need India and France and China telling us what they think we should do", Haley said. Because while the States are clinging to the carbon-emissions-producing industries of the past, countries staying in the ... [Full Article...]

Johnson backs May after reports of leadership challenge

Jeremy Corbyn is one of many who have called for her resignation. However, May will need to add a number of new faces to her cabinet after a bruising election cost several ministers seats. May is insistent that she will not resign despite the high-risk snap election that she called for in April backfiring spectacularly. Various other betting firms have similarly slashed odds over the last 24 h... [Full Article...]

More Women Than Ever Before Elected to Parliament in UK Snap Polls

Prime Minister May called for this nationwide election just a month ago, intending to increase her parliamentary majority. A woman walks on Westminster Bridge towards the Elizabeth Tower, commonly referred to as Big Ben, and the Houses of Parliament. [Full Article...]

Crude Oil Trims Big Weekly Losses, Rig Count Rises 21 Weeks

Crude Oil Trims Big Weekly Losses, Rig Count Rises 21 Weeks Oil prices finished with a gain Friday, finding support after suffering back-to-back losses. Brent crude was at $47.86 per barrel at 0504 GMT, unchanged from its last close. Bank Wealth Management. July WTI oil climbed 19 cents, or 0.4%, to settle at $45.83/bbl. If we can break down below the bottom of the weekly range, then we should then go looking for the $45 level underneath. [Full Article...]

How to Download and Install the New iOS 11 (Beta)

That's why Apple chose to reset reviews with new versions. Technically, password autofill for third party apps has been available for a couple years now, but developers had to enable the feature, and not all of them did. Called High Sierra, it recognizes more faces automatically, which should make it easier to organize photos, and will offer more photo editing tools. So, if you truly want to d... [Full Article...]

Uber fires 20 as result of harassment investigation

After Fowler's blog posting, Uber set up a 24-hour hotline to take complaints from employees, and hired Perkins Coie to investigate them. Cab-hailing platform Uber has fired 20 employees and is also improving management training, it said on Tuesday. [Full Article...]

Trump accuses Qatar of funding terror 'at a very high level'

Bahrain, Saudi Arabia , Egypt , the United Arab Emirates and several other countries severed relations with Doha on Monday, accusing it of supporting militants and their arch-foe Iran - charges Qatar says are baseless. The Qatari minister said the main goal of his visit "is to inform Russian Federation on those events and measures taken against Qatar", such as sanctions. [Full Article...]

Hawaii Becomes First State to Sign Law Aligning with Paris Agreement

Hawaii Becomes First State to Sign Law Aligning with Paris Agreement It proposes that the city prepare an annual report that documents specific activities it has implemented to reduce greenhouse gas emissions, track its emissions and use of resources, and recommend future sustainability measures. Trump argued that the Paris agreement favors emerging economies such as China's and India's at the expense of US workers. It should not have come as a great surpri... [Full Article...]

Opec crude production rises led by countries exempt from cuts

On the ICE Futures Exchange in London, the July Brent contract lost 2.03% to $51.16 a barrel. Brent crude futures (LCOc1) were off 44 cents, or 0.9 percent, at $50.19 per barrel by 12:31 a.m., while U.S. A day after the American Petroleum Institute played the fairy godmother to oil bulls by reporting a huge draw in us crude inventories, the EIA reinforced the mood by confirming a signifi... [Full Article...]

Share markets shrug off UK election, but pound pummeled

Bets that another drop in sterling would flatter worldwide firms' profits pushed London's FTSE as much as 1% higher but it was up a more limited 0.4% by mid-session. Clearly the outcome will have a marked effect on how the government tackles the Brexit negotiations as Theresa May was hoping the election would pave the way for a hard Brexit but as former Business Secretary Sir Vince Cable h... [Full Article...]

Stockpile Hike Leads to Plunging Oil Prices

US West Texas Intermediate (WTI) crude futures were at $47.98 per barrel, down 21 cents, or 0.4 per cent, from their previous close , and down over 6 per cent from May 25. Elsewhere, gasoline stocks rose by 3.3 million barrels, compared with analysts' expectations for a gain of 580,000 barrels. May production rose despite very high compliance from both Saudi Arabia and Angola, as Iraqi outp... [Full Article...]

As Tillerson calls for calm, Trump calls out Qatar on terror

The neighbours also resent Qatar's ties to the Muslim Brotherhood movement and its sponsorship of the pan-Arab satellite television network Al-Jazeera, which has given opposition figures a platform. Saudi Arabia said it was committed to "decisive and swift action to cut off all funding sources for terrorism" in a statement carried by the state news agency SPA , while Bahrain hailed US efforts ... [Full Article...]

One killed, pilots injured in chopper crash at Uttarakhand's Badrinath

One killed, pilots injured in chopper crash at Uttarakhand's Badrinath The passengers who sustained minor injuries have been identified as Jashodaben, Naveen Bhai Patel, Leela Ben Patel, Harish Bhai and Ramesh Bhai. They were provided transportation by road to Haridwar. Commissioner of the Garhwal region, Vinod Sharma, informed that Sub-Divisional Magistrate of Joshimath had been assigned the probe. "My condolences to the family of the engineer - May God give them ... [Full Article...]

Apple unveils new iMac Pro, refreshes hardware of current iMacs

As a quick refresher, Apple's flagship MacBook Pro was derided for being overpriced and under-powered, with many users lamenting the fact that Apple's pro-oriented machine could only support 16GB of RAM. In terms of visual performance, the entry-level 21.5-inch model will come with Intel Iris Plus 640 GPU, while the 21.5-inch 4K Retina display model will feature Radeon Pro 555 and ... [Full Article...]

Lululemon Athletica inc. (LULU) Receives $64.01 Average Price Target from Analysts

Lululemon Athletica inc. (LULU) Receives $64.01 Average Price Target from Analysts The company now has an average rating of "Hold" and an average target price of $64.76. The legal version of this report can be viewed at https://www.thestockobserver.com/2017/06/05/lululemon-athletica-inc-lulu-receives-average-recommendation-of-hold-from-brokerages-updated.html. [Full Article...]

Germany: Climate will last longer than Trump presidency

She was referring to statistics that Trump cited in announcing the United States withdrawal and which are disputed by environmentalists, according to a report in the Washington Post. Looking at the potential impact from an industry perspective, the renewable energy industry is largely driven by state standards and regulation. (AP Photo/Andrew Harnik). [Full Article...]

British Airways flights return to skies, but reputation takes a hit

British Airways flights return to skies, but reputation takes a hit The issue affected all of BA's check-in and operational systems, including customer services phone lines and the facility used for re-booking flights. "I think it's clear we're heading to what looks to be a very ugly divorce at the moment", he said. Cruz said he readily accepted that this has been "a terrible time" for passengers whose holidays were ruined while they waited for planes which simp... [Full Article...]

LeBron not faulting Warriors for building powerhouse

None won as dominantly as this team, which has four versatile All-Stars - including two former league MVPs - in their prime. Seven Finals and three championships later, James is facing the same fate. In the end, they dropped 137 points, the most in an NBA Finals game in 30 years . Durant lost to James and the Miami Heat when he was with the Oklahoma City Thunder in the 2012 Finals, and didn... [Full Article...]


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