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European Central Bank leaves base interest rates unchanged

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The ECB further noted that risks to the growth outlook are broadly balanced. An afternoon recap of the day's most important business news, delivered weekdays. "We have evidence that many of these new jobs are so-called low-quality jobs, where we're talking about temporary employment, we're talking about part-time employment". Read More »

Rally in Binghamton held in protest of Trump's Paris Climate Accord decision

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Not only members of the European Union countries have rejected Trump's offer to renegotiate the agreement, also in the USA some states are themselves recoiling from the polluter-in-chief decision. While the details of the future policy actions have not be publically released, the source revealed that initiatives on a carbon floor price, climate finance and increased development of renewable energy technologies to curb French dependence on nuclear power are likely to be among the proposals. Read More »

Britain, EU to start historic Brexit talks

Britain's negotiations with the European Union over its exit from the bloc begin on Monday and stand to be complicated by the surprise loss of Prime Minister Theresa May's parliamentary majority in a national election last week. "The point is she is not a unifying figure any more". So far she has balanced the two by having ministers from both wings in her top team or cabinet, and by carefully controlling any message on her approach to Brexit, fearful she could give away her hand to ... Read More »

Germany: no punishment for UK, but EU exit good for no one

After ten months of planning, Davis will meet with the EU's Chief Negotiator Michel Barnier to agree the structure of the negotiations ahead, so officials have a framework within which to discuss substantive issues. Roth said that " Brexit is a very, very hard operation" and there's only a bit over a year to negotiate it. Mr Hammond has said the United Kingdom should "prioritise protecting jobs, protecting economic growth and protecting prosperity". Read More »

Amazon Said To Plan Cuts To Shed Whole Foods' Pricey Image

In October, reports surfaced that Amazon was planning to build its own grocery stores. - Sysco. The food distributor sank $1.15, or 1.2 percent, to $54.38. (NASDAQ: AMZN ) has struck a deal to acquire Whole Foods Market , Inc. Drew Herdener, an Amazon spokesman, said in a statement the company has "no plans to use no-checkout technology to automate the jobs of cashiers at Whole Foods and no job reductions are planned". Read More »

Global oil markets expected to tighten in Q3

The move is meant to drain the market of excess supply. The IEA expects US crude production to grow by 780,000 barrels per day next year. Platts said the decision of the United States to increase its light crude and gasoline stockpiles has stoked fears that the global oil glut would remain unabated. Read More »

Crude Oil Prices Fall Sharply, Very Negative Reaction To Inventories Data

Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts. Oil prices were down more than half a percent after hitting a six-month low on Thursday, remaining under pressure from high global inventories and fears that OPEC's agreed production cuts can not offset rising production elsewhere. Read More »

Council says van struck people leaving mosque

Eyewitnesses reported seeing police give emergency medical treatment to at least one of the injured. Between the two mosques in the neighborhood, several people observing the Muslim holy month of Ramadan would have been in the area at that time, leaving worship. Read More »

Michelle Carter Found Guilty In Texting Sucide Case In Massachuttes

Prosecutors said during the trial that Carter had told Roy to get back in the truck after he told her he had gotten out and that she had failed to notify anyone that Roy was in danger. His girlfriend told him to get back in the truck. Carter's defense team argued that Roy had a history of depression and had been on a "path to take his own life for years". Read More »

Confederations Cup-2017: Portugal and Mexico went to a draw

Host Russia top the group with three points after defeating New Zealand 2-0 in the opening match on Saturday. May now be 32 but still remains the key man, as highlighted by the fact he has scored or provided an assist in his last seven matches for Portugal . Read More »

South Korea to scrap building new nuclear power plants

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He also vowed to cut South Korea's reliance on coal. "So far South Korea's energy policy pursued cheap prices and efficiency". President Moon attended a ceremony Monday morning to proclaim Korea's first commercial nuclear reactor's retirement at the Kori Nuclear Power Plant in Busan . Read More »

Van drives into group of people near mosque in London

Cynthia Vanzella, who lives near the scene, told CNN she saw multiple casualties and at least one person who appeared to be badly hurt. Police said they were dealing with a " major incident ". Prime Minister Theresa May was made aware of the situation before dawn, and released a statement calling it "a awful incident". 10 people were injured in the attack and one man has died at the scene. Read More »

Brexit Minister: No Doubt Britain Leaving EU

The shock outcome of the June 8 election saw PM Theresa May lose her parliamentary majority, sparking speculation the Tories may be forced to soften their hard-line Brexit stance. Compounding the pressures on the British leader, she has been widely accused of failing to show enough empathy with victims of a horrific tower block fire in London last week. Read More »

UK govt scrambles to limit fallout from London blaze

Speaking as he left the church with his wife Saadiya, Khan said: "I've spent time with the local community, not just the Christian congregation, but members of all faiths here at the church, grieving, sharing their stories". Hands cautioned that officials don't yet have exact details about the renovation that ended just previous year. There are questions about why the block was not fitted with sprinklers or a central smoke alarm, as well as whether the recent refurbishment - including the ... Read More »

Greece to get 'more clarity' on debt relief plan

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Just as important have been the talks on debt relief, which was promised as part of Greece's last bailout deal, struck in 2015. German Minister of Finance Wolfgang Schäuble was far more aggressive with Greece when a right-wing government was in power than the left-wing Syriza-led coalition, New Democracy's Konstantinos Kyranakis told EURACTIV.com, adding that the European People's Party did not work as an alliance during those days. Read More »

Charl Schwartzel part of three-way tie for midway lead in Memphis

Scott, meanwhile, was closer to the cut line than the lead for much of the day, but he stormed home with an eagle and two birdies in the final five holes to jump to equal 11th. "I think I'm playing this course in a smart way well and obviously putting good". He finished with a 72. Coming off a tied for second at the Memorial Tournament, Fowler had a double-bogey at the par-four 13th and a seven at the 15th. Read More »

Brexit negotiations begin: David Davis targets 'historic' deal

Having lost a majority in parliament, May needs the DUP's 10 lawmakers to win any kind of vote, including on the pieces of legislation needed to enact Britain's divorce from the EU . One European diplomat in London said the political upheaval was such that it was hard to know what to write back to his capital, pouring scorn on May's campaign slogan of "strong and stable leadership". Read More »

Resort outside Mali's capital under attack

People in the predominantly Muslim country have been fasting from sunrise to sunset for the past three weeks. It was not immediately known how many guests were at the resort. "It's where soldiers go to have fun". There are no French troops based in Bamako, but about 2,000 French troops are based in northern Mali fighting Islamic extremists. Read More »

Has $85.90 Million Position in Oshkosh Corporation (OSK)

The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Oshkosh Truck Corp now has $5.16B valuation. Jennison Associates Llc decreased Td Ameritrade Hldg Corp (NYSE:AMTD) stake by 46,328 shares to 2.28 million valued at $99.60 million in 2016Q4. It also reduced Cadence Design System Inc (NASDAQ:CDNS) stake by 95,927 shares and now owns 852,526 shares. Read More »

Amazon shakes up grocery aisles with $13.7b Whole Foods deal

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It also means big changes are ahead for the grocery business. And while some analysts expect Amazon to bring vast buying power to Whole Foods , Amazon's heft in the food market is far smaller than in other areas, and high demand for organic products gives farmers unusual bargaining power. Read More »

Canaccord Genuity Trims Hydrodec Group plc (HYR) Target Price to GBX 4

Its down 0.14, from 1.38 in 2016Q3. About 212,237 shares traded or 122.58% up from the average. They now have a United States dollars 22 price target on the stock. The firm has "Hold" rating by Whitman Howard given on Tuesday, March 28. The firm earned "Outperform" rating on Monday, November 14 by BNP Paribas. Finally, HSBC Holdings plc reduced their price objective on Drax Group Plc from GBX 410 ($5.19) to GBX 340 ($4.30) and set a "hold" rating for the company in a research report on ... Read More »

Bodies of 7 US Sailors Found in Damaged Part of USS Fitzgerald

Images show that the ship had taken on massive amounts of water. "The damage was significant, this was not a small collision ", he said , adding that the crew's response was "swift and effective". The names of the sailors will be released after families are notified, the Navy said. "Thank you to our Japanese allies for their assistance". Aucoin declined to say what might be to blame for the accident, the cause of which is being investigated. Read More »

Uber to add new board member amid ongoing turmoil, reports say

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Following Sundays board meeting, any recommendations are expected to be relayed to employees at an all-hands meeting Tuesday. Since the investigation started in March, Kalanick has been at the center of Uber's harassment scandal as reports from former employees claimed the company's culture and tone was set from the top. Read More »

Business bodies come together in call for softer Brexit

The Chancellor admitted that a no-deal Brexit would be "very, very bad" for the British, but said a deal that would "suck the lifeblood out of our economy" was a worse prospect. 53% of people said that there should be a second vote on Brexit. "If they reach a solution or get closer to each other on this, then I think it's a very, very positive sign". Read More »

Exchange rates stable despite Fed rate hikes

Fed is closely monitoring the global economic and financial developments as well as measures of inflation . KEEPING SCORE: Japan's Nikkei 225 stock index fell 0.4 percent to 19,797.46 and South Korea's Kospi sank 0.6 percent to 2,358.34. Read More »