Money

Money Audi CEO Rupert Stadler arrested
Author: 0 Audi CEO Rupert Stadler arrested

This news comes from Automotive News Europe , which reported that the executive is being held in custody because investigators feared he might be seeking to suppress evidence in relation to the probe. Diesel cars from Volkswagen and its Audi subsidiary cheated on clean air rules with software that made emissions look less toxic than they actually were.

Author: 0 Audi CEO arrested - Volkswagen

Stadler was arrested this morning". The so-called dieselgate emissions scandal first came to light in September 2015. The prosecutors' office last week widened its emissions cheating probe into Volkswagen's luxury brand Audi to include Stadler among the suspects accused of fraud and false advertising.

Money Tesco's sales rise with Booker's acquisition
Author: 0 Tesco's sales rise with Booker's acquisition

Tesco's recovery under chief executive Dave Lewis has been welcomed by investors, but there have been a couple of clouds on the horizon. The lower prices, plus a relaunch of 10,000 own-brand products, helped Tesco to counter bad weather in March and deliver underlying sales growth in its home market of 2.1 percent in its first quarter to May 26.

Money McDonald's Switching From Plastic to Paper Straws
Author: 0 McDonald's Switching From Plastic to Paper Straws

Many rely on soda fountains which fill plastic cups with lids made for straws. The company says it will begin transitioning to paper straws at all of its locations in the United Kingdom and Ireland in September. Momentum is increasing in the U.S.to eliminate the use of plastic straws. To help McDonald's United Kingdom and Ireland prepare for the paper straw transition, the franchises will receive the support of Wales-based start-up Transcend Packaging and longtime supply partner Huhtamaki ...

Money McDonald's replacing all plastic straws with paper ones
Author: 0 McDonald's replacing all plastic straws with paper ones

Photo issued by McDonald's of the new paper straws which are replacing the existing plastic straws across all its United Kingdom and Ireland restaurants after a successful trial . uses 500 million plastic straws every day. Many end up in landfill and the oceans, harming marine wildlife in the process. Plastic straws enable many disabled people to drink independently , Baroness Tanni Grey-Thompson said.

Money Didi Chuxing to Push Globally and Launch in Melbourne
Author: 0 Didi Chuxing to Push Globally and Launch in Melbourne

Watch out Uber , and all its competitors, one of the world's largest players has finally arrived in town, operating in Australia under its wholly owned subsidiary DiDi Mobility (Australia) Pty. The Chinese company started recruiting drivers in Melbourne in early June "to warm responses", it added. The launch of DiDi Express in Australia brings the service into competition with Uber and Australian-owned Go-Catch, as well as Estonian company Taxify , which entered Australia a year ago, ...

Money ECB Leaves Rates Steady, Plans To Halt QE At End Of 2018
Author: 0 ECB Leaves Rates Steady, Plans To Halt QE At End Of 2018

The central bank said Thursday that it would reduce the bond purchases that make up the program in the final three months of the year, before halting them altogether at the end of December. U.S. Treasuries meanwhile were down to 2.94 percent US10YT=RR having briefly topped 3 percent overnight after the Fed pushed up its interest rates.

Money BHP flags jobs with .9bn Pilbara spend
Author: 0 BHP flags jobs with .9bn Pilbara spend

The dual-listed mining giant says the project, which will also generate about 2,500 construction jobs in Western Australia, will fully replace production from BHP's Yandi mine . The South Flank development is one component of BHP's strategy to increase the mining, processing and out-loading capacity of the Mining Area C hub.

Author: 0 Next Move Is Trump's After China Hits Back in Trade-War Opener

Trump called the tariffs "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs". China's retaliatory tariffs will follow a similar schedule. China in April already put punitive duties on 128 USA goods, including pork, wine and certain pipes in response to global US tariffs on steel and aluminum imposed by Trump the month before.

Money Rolls-Royce to cut 4600 jobs
Author: 0 Rolls-Royce to cut 4600 jobs

The cuts will not affect its engineers, Rolls said. "The creation of a more streamlined organisation with pace and simplicity at its heart will enable us to deliver on that promise, generating higher returns while being able to invest for the future", he added.

Money UK's N Brown may close 20 stores on receding footfalls
Author: 0 UK's N Brown may close 20 stores on receding footfalls

Group wide, the group is considering closing its 20 retail stores. The stores generated only about 15 million pounds, or 2 percent of total revenue, and posted a core loss of 3 million pounds. N Brown said shopper numbers at the stores had been "very disappointing". Excluding these customers, JD Williams was up double-digits. The company, whose brands target women aged 30 and above and those of a larger frame, said it expects to take exceptional costs of £18m to £22m if it decides to close ...

Money UK Supreme Court rules plumber in gig economy entitled to worker rights
Author: 0 UK Supreme Court rules plumber in gig economy entitled to worker rights

The Court noted that the tribunal was legitimate in its finding that there was an umbrella contract between the parties. Yesterday's case concerned Gary Smith who had worked exclusively for a London firm called Pimlico Plumbers for six years; although he was VAT-registered and paid self-employed tax, he argued that he was entitled to workers' rights such as holidays and sick pay .

Author: 0 Australian employment rose by less-than-expected in May

On a trend basis, the jobless rate remained steady on 5.5% and 16,000 new jobs were created - majority part time as full time job creation continued to slow. The participation rate dipped to 65.5 percent, below expectations for 65.6 percent and down from 65.7 percent in April. Australia's unemployment declined in May as fewer people sought work, signaling a slightly weaker labor market.

Money Oil prices waver amid OPEC report
Author: 0 Oil prices waver amid OPEC report

The IEA said OPEC countries in the Middle East could quickly boost production by 1.1 million bpd. But he said that he had heard a proposal to increase combined oil output by 1.8 million barrels per day, erasing the cuts that are now implementing.

Money JD Wetherspoon to ditch champagne and German beer ahead of Brexit
Author: 0 JD Wetherspoon to ditch champagne and German beer ahead of Brexit

Wetherspoons boss Tim Martin - who is vocally pro-Brexit - revealed there is a big menu shake-up coming, and a lot of punters' favourite tipples will disappear between now and 2020. The news is also a boost for United Kingdom wheat beers such as Blue Moon Belgian White, Thornbridge Versa Weisse Beer, and SA Brains Atlantic White.

Money Dieselgate: Volkswagen fined €1 billion by Germany
Author: 0 Dieselgate: Volkswagen fined €1 billion by Germany

The state prosecutor in the German city of Braunschwieg just hit Volkswagen with a fine of €1 billion ($1.2 billion) for the diesel scandal . The current German fine was ordered by the prosecutor's office in Braunschweig after it determined lax supervision allowed " impermissible software functions " to be installed in 10.7 million cars produced between 2007 and 2015.

Money Facebook answers Congressional questions with 452-page answers
Author: 0 Facebook answers Congressional questions with 452-page answers

When the individual is a Facebook user, we are also able to use this information to personalize their experiences on Facebook, whether or not they are logged out, but we will not target ads to users relying on this information unless the user allows this in their privacy settings.

Money American Airlines glitch strands thousands of flyers
Author: 0 American Airlines glitch strands thousands of flyers

American Airlines tweeted Thursday that PSA Airlines, American's regional carrier, experienced a technical issue that forced them to cancel all of their flights Thursday night. Passengers traveling to and from the Charlotte airport were advised to check with their carriers. If you or someone you know has a flight booked on American Airlines today, check your flight's status before you head out the door.

Money Seattle repeals tax on companies like Amazon
Author: 0 Seattle repeals tax on companies like Amazon

Sawant and Mosqueda did not sign onto the group statement. The vote showed Amazon's ability to aggressively push back on government taxes, especially in its affluent hometown where it's the largest employer with more than 45,000 workers and where some have criticised it for helping cultivate a widening income gap that is pricing lower-income employees out of housing.

Money Elizabeth Holmes, Theranos founder, charged
Author: 0 Elizabeth Holmes, Theranos founder, charged

The indictment came out moments after Theranos said Holmes would be stepping down from the blood-testing company that has unraveled amid revelations that her main product was a fraud. If convicted, Holmes and Balwani face a maximum prison sentence of 20 years, a $250,000 fine and restitution for each count of wire fraud. The criminal charges disclosed Friday go well beyond the SEC's civil allegations, which Balwani has contested.

Money Trump tariffs against China; Spain suffering from tariffs
Author: 0 Trump tariffs against China; Spain suffering from tariffs

After a round of talks in May in Washington , Chinese officials promised to buy more American farm goods, natural gas and other products to narrow China's multibillion-dollar trade surplus with the United States. China has published its own list of threatened tariffs on $50 billion in USA goods, including soybeans, aircraft, and autos, and has said it would hit back if Washington followed up with further measures.

Author: 0 McDonald's to ditch plastic straws in UK, Ireland

McDonald's will replace plastic straws with paper ones in all its restaurants in the United Kingdom and Ireland, starting from September, the BBC reported on Friday. McDonald's say the new straws will use paper from sustainable sources. An increasing number of businesses are removing plastic straws from their operations in a bid to stem plastic waste which pollutes oceans and harms marine wildlife such as turtles and fish.

Money Minimum wage doesn't pay the rent anywhere
Author: 0 Minimum wage doesn't pay the rent anywhere

How did they get these numbers? To define "affordability", it uses the industry standard of spending no more than 30 percent of income on rent. Low-wage workers have recently seen modest wage growth as the economy has improved, according to the report , but wages still remain too low for many workers to afford rental homes at the fair market rents.

Money Tough US tariffs on China could begin as early as Friday
Author: 0 Tough US tariffs on China could begin as early as Friday

In the trade fight, Bannon said, Trump has converted three major tools that "the American elites considered off the table" namely, the use of tariffs, the technology investigation of China and penalties on Chinese telecom giant ZTE. The move threw the G7 meeting last weekend into disarray , with US President Donald Trump retracting his endorsement of the joint statement and lashing out at host Canada.

Money Elon Musk's Boring Company Wins Bid to Build Transit System for Chicago
Author: 0 Elon Musk's Boring Company Wins Bid to Build Transit System for Chicago

Chicago has selected Elon Musk's Boring company to build its high-speed underground commuter system, according to The Chicago Tribune . As such, Musk's Boring Company says that a journey from Block 37 in downtown Chicago to O'Hare will be three to four times faster than existing transport systems, at around 12 minutes for the roughly 15 mile (24 km) journey.