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By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]

GENEVA Yemen faces a “famine of Biblical proportions”, veteran aid expert Jan Egeland warned on Wednesday during a visit to the war-battered nation, expressing fury over the failure of the “men with guns and power” to end the crisis. Yemen’s two years of civil war have pitted the Iran-aligned Houthi rebel group against a Saudi-backed coalition, causing economic collapse and severely restricting the food and fuel imports […]

Yum Brands Inc (YUM.N) posted a better-than-expected quarterly profit, helped by lower taxes, vigorous sales of Taco Bell’s Naked Chicken Chalupas and lower costs at KFC restaurants. Shares of the company were up 1.7 percent at $67.45 before the opening bell on Wednesday. Sales rose 8 percent at Taco Bell restaurants open for more than a year, topping the 3.7 percent growth expected by analysts polled by […]

May 3, 2017 by: Jamie Smyth in Sydney New Zealand’s competition watchdog has blocked a merger between the country’s two main newspaper groups in the interests of defending media diversity, shrugging off concerns its decision threatens the groups’ financial viability. Wednesday’s ruling on a proposal from New Zealand Media and Entertainment and Fairfax NZ comes as global regulators face a swath of contentious mergers and growing concentration […]

As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as “Woodstock for Capitalists” is unique in corporate America, a celebration of the billionaire’s image and success at a conglomerate whose businesses range from Geico insurance to the BNSF railroad to See’s […]

Oman Air plans to move ahead with a multi-billion dollar order for wide-body jets early next year even though it won’t now break even in 2017 as the low oil price curbs growth in the Gulf. The carrier is now aiming to end losses by the end of next year, contingent on demand not deteriorating further, Chief Executive Officer Paul Gregorowitsch said in an interview on Tuesday. […]

US President Donald Trump said the federal government needed a shutdown this autumn to fix what he called a “mess” in the wake of a Congressional deal that ignored key elements of his budget requests.  Taking to Twitter to express his irritation over an agreement sealed on Sunday between the two parties that contained no funding for his border wall, Mr Trump complained that the Republicans had inadequate […]

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The Brazilian government is expecting that its first own satellite will finally reach space later this week. A month-long general strike in French Guiana meant it was operationally impossible to launch the Ariane 5 rocket, which will transport the satellite. For nearly a month, dozens of roadblocks controlled strategic intersections to cities including Kouru – home to the Guiana space base, a symbol of economic disparity in […]

Brussels is rushing out proposals to impose EU control on the City of London’s lucrative euro-clearing market, forcing UK operators to either relocate or be policed by European authorities. In a provocative regulatory salvo fired as Brexit talks begin, the European Commission is preparing to issue legislative proposals in June that would heavily restrict London’s ability to host one of its flagship financial businesses. The commission’s power […]

LONDON A surfer who went missing off the coast of Scotland has been found 13 miles from land after spending more than 30 hours in the water, British coastguard said on Monday. The man, named by the BBC as 22-year-old Matthew Bryce from Glasgow, was reported missing after he set off to go surfing on Sunday morning from a beach near Campbeltown off the Scottish west coast, […]

Authored by Michael Snyder via The Economic Collapse blog, Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them?  Incredibly, this is actually starting to happen in dozens of major cities all across the United States.  It may be difficult to believe, but in many large urban areas today, if you are found […]

Mubadala Investment Company, established after the merger of Mubadala Development Company and International Petroleum Investment Company, began operations on Monday. The new entity is expected to accelerate Abu Dhabi’s economic diversification as it is active in 13 business sectors in more than 30 countries globally, state news agency WAM reported. The new firm’s total assets of about $125 billion, based on valuations at the end of 2015, […]

Hamas, the militant Islamist group, on Monday dropped a call for Israel’s destruction and endorsed the creation of a Palestinian state inside 1967 borders, in a rhetorical shift that analysts said reflected the group’s political ambitions and changing priorities in a new Middle East. A policy paper released in Doha by Khaled Meshaal, Hamas’s political leader, described the creation of an interim Palestinian state in the 1967 […]

Newspapers around the country have left their huge old buildings for smaller new ones for years now. On Monday, the Wichita Eagle officially joined that group. Over the weekend, the Eagle moved from its old 181,000 square foot spot on East Douglas Avenue into the 24,000 square foot site in Wichita’s Old Town. In 1980, the Eagle had 735 employees, Dan Voorhis reported. About 100 people will […]

At least 27 people were injured and some needed surgery for fractures after their flight encountered “severe turbulence”. The Boeing 777 flight from Moscow to Bangkok got into difficulty 40 minutes before landing in the Thai capital, according to Russian airline Aeroflot. Among the injured were 24 Russian nationals and three Thai. One passenger reported broken noses and babies “covered in bruises”, while adding “several people have […]

By Richard Cowan | WASHINGTON WASHINGTON Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would avert a government shutdown later this week, while handing President Donald Trump a down payment on his promised military build-up. The full House of Representatives and Senate must still approve the bipartisan pact, which would be the first major legislation to […]

When North Korea deployed hundreds of artillery units, submarines and soldiers to take part in its largest live-fire drill, it was intended as a chilling display of the reclusive regime’s military might. The country boasts the world’s fourth-largest standing army, with more than 1m troops as well as 7m reserves, and last week’s military exercise came as US President Donald Trump ramped up the pressure on Pyongyang […]

Google Australia has confirmed that the Australian Taxation Office (ATO) is chasing it for a debt relating to unpaid tax, noting it will “lodge an objection” against the amended income tax assessments it was issued at year-end. “Such contingencies relate to reviews for open tax years as well as certain transactions and computations for which the ultimate tax determination is uncertain during the ordinary course of business,” […]

Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, Seeing the Light It has been said that “the definition of insanity is doing the same thing over and over again and expecting different results.”  No one quite knows who first uttered this remark; it has been attributed to Albert Einstein, Mark Twain, Benjamin Franklin, and has even been said to be an Ancient Chinese Proverb.  What […]

30 April 2017 COLOMBES, France–(BUSINESS WIRE/ME NewsWire)– UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, and OT (Oberthur Technologies) have partnered to launch “gocash” prepaid card of UAE Exchange through the first-ever contactless payment via wearable devices (powered by “Flybuy MiniFOB” technology of OT), at the Seamless Middle East Conference in Dubai on 01 May 2017. UAE Exchange will be offering the wearable […]

WASHINGTON At least 352 civilians have been killed in U.S.-led strikes against Islamic State targets in Iraq and Syria since the operation began in 2014, the U.S. military said in a statement on Sunday. The Combined Joint Task Force, in its monthly assessment of civilian casualties from the U.S. coalition’s operations against the militant group, said it was still assessing 42 reports of civilian deaths. It added […]

Many discussions of digital transformation focus on marketing metrics such as page views, clicks, and even mentions in the press. Although marketing is important, this limited and unsophisticated view ignores underlying issues such as improving business speed, agility, and responsiveness to customers. Only by rethinking business models can we meaningfully gain benefit from digital transformation in departments across the company including operations, supply chain, manufacturing, and customer […]

Authored by Paul Craig Roberts, Not everyone likes to hear about the threat of nuclear war. Some find refuge in denial and say that nuclear war is impossible because it makes no sense. Unfortunately, humankind has a long record of doing things that make no sense. In previous posts in recent years I have pointed out both written documents and changes in US war doctrine that indicate […]

BEIRUT U.S.-backed militias said on Sunday they had made a big advance in Tabqa, a strategically vital town controlling Syria’s largest dam, in their campaign to drive Islamic State from its stronghold of Raqqa, 40km (25 miles) downstream. The Syrian Democratic Forces (SDF), a group of Kurdish and Arab militias, will wait to assault Raqqa until it seizes Tabqa, its military officials have previously said, but it […]

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