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Electric car models to triple in Europe by 2021
Wed, 17 Jul 2019 23:02:40 GMT
An EU transport body says the range of electric car models available to consumers is getting better.
UK workers who lose jobs to AI to be retrained
Wed, 17 Jul 2019 23:07:45 GMT
The government launches a scheme to retrain workers whose jobs may vanish because of automation.
Netflix shares sink 10% as subscriber take-up slows
Wed, 17 Jul 2019 21:19:25 GMT
The video streaming pioneer blamed price rises for adding fewer paid subscribers than hoped.
Sotheby's auction of rare sneakers nets more than $850,000
Wed, 17 Jul 2019 21:17:18 GMT
The first major auction of sneakers nets $850,000, with the last and rarest pair still up for grabs.
KLM breastfeeding policy causes turbulence
Wed, 17 Jul 2019 16:28:34 GMT
Dutch airline KLM has asked mothers to cover up when breastfeeding, in response to complaints.
Boeing crash: I miss them every minute
Wed, 17 Jul 2019 16:59:14 GMT
Paul Njoroge, who lost his whole family in the 10 March Boeing crash, gives emotional testimony to US Congress.
M&S defends Little Shop toy giveaway despite backlash
Wed, 17 Jul 2019 14:14:40 GMT
The retailer is accused of producing more plastic waste, but says the promotion is sustainable.
Tourists facing travel money 'shock' this summer
Wed, 17 Jul 2019 12:44:55 GMT
Tourists are getting less than a euro for their pounds in some foreign exchange kiosks.
Ferry companies warn of gridlock in no-deal Brexit
Wed, 17 Jul 2019 16:13:56 GMT
Freight companies have told Newsnight they will refuse boarding to lorries that do not have the right paperwork.
Fast fashion: Zara promises all its clothes will be sustainable by 2025
Wed, 17 Jul 2019 16:51:34 GMT
Shoppers at the chain will also see containers in store so that they can recycle their old clothes.
Top London home prices 'falling fastest' amid UK slowdown
Wed, 17 Jul 2019 12:26:28 GMT
Detached London homes fell in value by over £50,000 in a year, but many regions see house price rises.
The CubeSat revolution changing the way we see the world
Tue, 16 Jul 2019 23:07:39 GMT
Small, cheap satellites can help us track pollution, crop yields and congestion like never before.
Females to the fore? What golf is doing to attract more women
Wed, 17 Jul 2019 00:11:10 GMT
Golf has realised it needs to make the sport more attractive to women, on and off the playing course.
Will ships without sailors be the future of trade?
Mon, 15 Jul 2019 23:44:50 GMT
May saw the world's first unmanned commercial shipping operation.
Three months after I was paralysed, I was back at work
Sun, 14 Jul 2019 23:09:49 GMT
When tech entrepreneur Hiroki Takeuchi was paralysed in a cycling accident, he was back in work just three months later.
Cricket World Cup: Illegal bookmakers still thriving
Sat, 13 Jul 2019 23:07:01 GMT
India's cricketers didn't make the World Cup final, but its bookmakers are still making millions.
How the 2019 coffee crisis might affect you
Thu, 11 Jul 2019 20:31:49 GMT
Farmers are struggling as coffee prices drop to historic lows, so why is the cost of a latte rising?
Would you drink camel milk?
Wed, 10 Jul 2019 23:06:47 GMT
Australia's growing number of camel farmers say that global demand for camel milk is rising fast.
Killed for spying: The story of the first factory
Tue, 09 Jul 2019 23:04:25 GMT
Completed in 1721, the Lombe brothers' five-storey textile mill was quickly copied around the world.
Desktop dining rules: No boiled eggs or tinned fish
Mon, 08 Jul 2019 23:01:15 GMT
There are unofficial rules for what you can eat at your desk, but should you even be doing it anyway?
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Stocks in Asia to Drop Amid Earnings; Bonds Rise: Markets Wrap
Wed, 17 Jul 2019 19:12:40 -0400
Stocks in Asia to Drop Amid Earnings; Bonds Rise: Markets Wrap(Bloomberg) -- Stocks in Asia were poised to track losses seen in the U.S. session amid a flurry of corporate earnings and lingering concern over the Sino-American trade dispute. Treasuries climbed.Futures pointed lower for shares in Japan, Hong Kong and Australia. The S&P 500 Index lost 0.7% earlier and sentiment may be dented after Netflix Inc. tumbled following a surprise loss of U.S. customers in the second quarter. Treasury yields declined by the most in more than two weeks. Monetary policy decisions in South Korea and Indonesia will be in focus Thursday in addition to earnings from Taiwan Semiconductor and China Evergrande. Oil extended this week’s slide.With just two weeks until the Federal Reserve’s policy meeting when investors expect an interest-rate cut, the central bank’s anecdotal Beige Book report suggested the outlook was generally positive and the labor market remains tight -- but companies are still struggling to pass on higher wages and tariff-related costs to customers.While early indications are usually unreliable when it comes to corporate profits, investors have closely watched those reports for clues on the state of the world’s largest economy amid the threat of a trade war. Investors in Asia largely took comments from President Donald Trump in their stride after he said more tariffs on China are possible.“Stocks’ strong gains are finally succumbing to profit-taking,” said Alec Young, managing director of global markets research at FTSE Russell. “Earnings and guidance so far have been mixed and, given the big run-up, it’s no surprise there’s little investor tolerance for even a hint of disappointment.”Elsewhere, oil sank after a mixed U.S. government report showed a surprising drop in fuel demand last week. Bitcoin climbed, while still trading below $10,000.These are the main moves in markets:StocksFutures on the S&P 500 dipped 0.1% as of 8 a.m. in Tokyo. The underlying gauge lost 0.7% Wednesday. Futures on Japan’s Nikkei 225 fell 0.6%.Hang Seng futures earlier slid 0.5%.Futures on Australia’s S&P/ASX 200 Index lost 0.2%.CurrenciesThe yen was at 107.96 per dollar.The offshore yuan was steady at 6.8782 per dollar.The euro bought $1.1227.BondsThe yield on 10-year Treasuries decreased five basis points to 2.05%.Australia’s 10-year yield fell five basis points to 1.34%. CommoditiesWest Texas Intermediate crude fell 0.3% to $56.59 a barrel.Gold was little changed at $1,426.53 an ounce.\--With assistance from Rita Nazareth and Vildana Hajric.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at, Joanna OssingerFor more articles like this, please visit us at©2019 Bloomberg L.P.
WeConvene and Say Announce Strategic Partnership Bringing New Capabilities to Corporate Access
Wed, 17 Jul 2019 19:11:56 -0400
WeConvene and Say Announce Strategic Partnership Bringing New Capabilities to Corporate AccessNEW YORK, July 16, 2019 -- WeConvene and Say are pleased to announce a strategic partnership bringing Say’s groundbreaking investor communications technologies to corporations, sell-side firms, and investors using the WeConvene investor access platform. Integrating Say’s Q&A;, polling, and engagement functionality into WeConvene’s industry-leading investor access platform gives event hosts on WeConvene access to new data, predictive capability and insight regarding investor sentiment. In this newly connected ecosystem, buy-side investors will have access to an improved but structured communications channel with investor relations professionals and an opportunity to give event-specific feedback to relevant corporations and sell-side firms during and after any investor access event. Say’s technology produces actionable analytics that enable investor relations professionals to continuously fine-tune engagement and messaging based on what investors care most about. Say will be seamlessly available to all WeConvene clients globally. “We are truly excited to be partnering with Say, as it brings us closer to delivering on our shared vision of creating a seamlessly connected ecosystem between the three sides of the capital markets focused specifically on their most important interactions,” commented Radek Barnert, CEO at WeConvene. “This partnership offers a breadth and depth to engagement between investors, Investor Relations Officers and the sell side [especially analysts] that has not existed before.” “Partnering with WeConvene was a natural fit: Our technology brings a deeper level of engagement to investor communications, including those that take place in the corporate access world, where WeConvene has already established a market-leading presence,” said Laurent Paulhac, CEO of Say. “We look forward to growing Say’s network of users through this partnership and continuing to increase the efficiency and productiveness of communications across financial services.” About WeConvene WeConvene is a platform for the capital markets community focused on making the creation, distribution, marketing and execution of meetings between Analysts, Corporates, Investors, IR firms, Expert Networks and Investment Banks - efficient, easy and economically viable. Media Contact: Matt Hall About Say Say® is a technology company connecting investors to the companies they own. By modernizing the regulated proxy processing system and establishing new ways for investors and issuers to interact, Say provides companies, institutional investors, analysts and broker-dealers with actionable insights into shareholder communities. To learn more, visit us at or request a demo. Media Contact: Elizabeth Thompson
House votes to hold Attorney General William Barr and Commerce Secretary Wilbur Ross in contempt
Wed, 17 Jul 2019 19:11:20 -0400
House votes to hold Attorney General William Barr and Commerce Secretary Wilbur Ross in contemptLawmakers delivered an unusual rebuke to two of President Donald Trump's cabinet secretaries over efforts to add a census citizenship question.
Are Dicker Data Limited's (ASX:DDR) Interest Costs Too High?
Wed, 17 Jul 2019 19:09:32 -0400
Are Dicker Data Limited's (ASX:DDR) Interest Costs Too High?Dicker Data Limited (ASX:DDR) is a small-cap stock with a market capitalization of AU$935m. While investors primarily...
Can You Imagine How Guangdong Adway Construction (Group) Holdings's (HKG:6189) Shareholders Feel About The 11% Share Price Increase?
Wed, 17 Jul 2019 19:04:48 -0400
Can You Imagine How Guangdong Adway Construction (Group) Holdings's (HKG:6189) Shareholders Feel About The 11% Share Price Increase?The simplest way to invest in stocks is to buy exchange traded funds. But one can do better than that by picking...
Nuclear industry push for reduced oversight gaining traction
Wed, 17 Jul 2019 19:02:21 -0400
Nuclear industry push for reduced oversight gaining tractionFewer mock commando raids to test nuclear power plants' defenses against terrorist attacks. The nuclear power industry says the safety culture at the U.S. nuclear industry — 40 years after partial meltdown of a nuclear reactor at Three Mile Island — is "exceptional" and merits the easing of government inspections.
Habla Español? Hispanics face growing mental health care crisis
Wed, 17 Jul 2019 19:02:12 -0400
Habla Español? Hispanics face growing mental health care crisisHabla Español? Hispanics in the U.S. have a hard time finding Spanish-speaking therapists despite growing mental health needs.
The Mobilicom (ASX:MOB) Share Price Is Up 21% And Shareholders Are Holding On
Wed, 17 Jul 2019 19:00:19 -0400
The Mobilicom (ASX:MOB) Share Price Is Up 21% And Shareholders Are Holding OnMobilicom Limited (ASX:MOB) shareholders might understandably be very concerned that the share price has dropped 32...
Are people canceling Amazon Prime following Prime Day?
Wed, 17 Jul 2019 19:00:11 -0400
Are people canceling Amazon Prime following Prime Day?As Amazon's Prime Day sales were heating up, search traffic was also up for terms like “boycott Amazon” and “cancel Prime.”
House Vote to Repeal Obamacare Tax Shows Health Care Tension
Wed, 17 Jul 2019 18:58:51 -0400
House Vote to Repeal Obamacare Tax Shows Health Care Tension(Bloomberg) -- The House voted overwhelmingly to repeal a tax Wednesday intended to fund the Affordable Care Act, preserving tax breaks for employer-sponsored insurance plans favored by large corporations.In a reversal of the usual partisan roles, Democrats rather than Republicans led the charge to kill a key part of Obamacare.The bill to repeal the levy commonly known as the “Cadillac tax” passed 419-6 with bipartisan support. The 40% excise tax on the most generous and expensive employer health-insurance plans was included in Obamacare as a measure that economists said would help curb health costs.Congress kept delaying its implementation so the tax has never actually been collected. Had it gone into effect, it would have hit about one in five employers that offer health benefits to their workers, according to estimates from the Kaiser Family Foundation.The vote to repeal the tax highlights the conflicting forces pulling at Democrats when campaigning versus legislating.Several of the party’s presidential candidates led by Senators Bernie Sanders and Elizabeth Warren support replacing nearly all private insurance with a government-run system financed by tax increases. Former Vice President Joe Biden, the front-runner in the race, has a less sweeping plan to bolster Obamacare, but it still would offer a public health insurance option funded by tax hikes on the wealthy.But in Congress, Democrats and Republicans are facing pressure from labor unions and large companies to move in the opposite direction by keeping tax advantages for employer-sponsored plans. Supporters of repealing the tax say keeping it in place would force employers to offer less generous health insurance to their workers.Employers can reap large tax savings by compensating their employees in the form of more extensive health insurance, rather than wages, which are subject to payroll taxes. Employer-paid premiums are exempt from federal income and payroll taxes, and the premiums employees pay are also often excluded from taxable income.Changing Minds“I’ve been a supporter of the Cadillac tax because I thought it would” lower health care costs, said Representative Steny Hoyer of Maryland, the No. 2 Democrat in the House. “But I’ve read some additional material on it and it’s obviously overwhelmingly thought this will not have the effect in terms of raising money or controlling cost that I thought it would have.”The dissonance among Democrats about whether to expand or shrink employer-sponsored health coverage makes them look like “gymnasts,” said Representative Mike Kelly, a Pennsylvania Republican.“Where are you on this stuff?” he said. “Wait a minute, you’re all advocating that there be no such thing as employer-sponsored coverage.”The repeated delays in imposing the Cadillac tax delays mean that Congress was never able to test whether it would curb the explosion of health care spending, which has risen an average 4.2% every quarter between 2010 and 2018, according to data from the Kaiser Family Foundation.The repeal also would mean that the Treasury Department won’t collect the $201 billion the Joint Committee on Taxation estimated it would raise over a decade.Obamacare TaxesObamacare included several other tax increases, including a 3.8% tax on investment income and a 0.9% levy on wages for top-earners. The portion of the law that was supposed to be financed through the Cadillac tax instead would be paid for through deficit spending, unless lawmakers propose a last-minute tax increase to offset the cost.Democrats have generally opposed measures to chip away at President Barack Obama’s signature legislative achievement, but the Cadillac tax has been unpopular since it became part of the code.The measure to repeal it, H.R. 748, was passed under a fast-track procedure requiring two-thirds support among House members.Yet popularity doesn’t necessarily mean good policy, said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget. Politicians don’t like the tax on health benefits, but nearly every economist thinks the Cadillac tax or a similar measure is necessary to help slow the rise in health-care costs and curb overuse of health services, he added.“Just because it’s bipartisan doesn’t mean it’s good,” he said.Not all Democrats are on board with eliminating the tax. Representative Ron Kind, a Wisconsin Democrat, said he opposes the repeal because the cost isn’t offset and there wasn’t any discussion about how scuttling the tax would affect the Affordable Care Act overall.“I think we are lapsing into some very bad habits in the majority,” he said. “We need to start instilling some fiscal discipline in this place and making some tough decisions.”Senate Majority Leader Mitch McConnell, a Kentucky Republican, hasn’t committed to addressing the issue in his chamber. Because the repeal effort is led by Democrats, it sets up a path for McConnell to use it as a vehicle to attach Republican tax priorities, such as correcting errors in the 2017 tax law or extending several expired tax breaks that benefit the biodiesel and energy industries.“We’ve kicked the can down the road for so long on this one that the assumption is that it’s never going to go into effect,” said Representative Dan Kildee, a Michigan Democrat. “There’s a certain inevitability to this one getting repealed.”\--With assistance from Emily Wilkins.To contact the reporter on this story: Laura Davison in Washington at ldavison4@bloomberg.netTo contact the editors responsible for this story: Joe Sobczyk at, Laurie AsséoFor more articles like this, please visit us at©2019 Bloomberg L.P.
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