Thursday, 31 October 2019

Asda: Workers rejecting new contract face the sack

The supermarket's workers have until Saturday night to agree new contracts or face dismissal.

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Japan Unveils A Car Made Of Wood



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We've Been Fully Weighted in China's Value Segments, Says GAM Investments's Mumford



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Hong Kong Economy Slides Into Recession



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'Good riddance': New York's governor responded to report that Trump, a lifelong New Yorker, declared himself a resident of Florida

trump golfingPatrick Semansky/AP

  • President Donald Trump, a lifelong New Yorker, has declared himself a resident of Palm Beach County, Florida. 
  • According to documents obtained by The New York Times, Trump and wife Melania filled out a "declaration of domicile" in recent weeks, declaring the president's Mar-a-Lago golf club their permanent home. 
  • A person close to the president told The Times that the reason the president changed his address was "primarily for tax purposes." 
  • Under New York State law, if a person spends more than 184 days in the state, the person needs to pay state income taxes. Florida, on the other hand, does not have a state income tax, making it an attractive residential prospect for the wealthy.
  • New Yorkers paid the highest state and local income taxes of any state as of May 2019.
  • Visit Business Insider's homepage for more stories.

President Donald Trump, who grew up in Queens, New York, made millions from large-scale building projects in Manhattan, and shot the "The Apprentice" at his namesake Fifth Avenue skyscraper Trump Tower, has now declared himself a resident of Palm Beach County, Florida. 

According to documents obtained by The New York Times, Trump and wife Melania filled out a "declaration of domicile" in recent weeks, declaring that the president's property in Florida will be their permanent residence.

See the rest of the story at Business Insider

NOW WATCH: Extremists turned a frog meme into a hate symbol, but Hong Kong protesters revived it as an emblem of hope

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SEE ALSO: Trump is returning to Mar-a-Lago for the first time since Thanksgiving. Take a look inside the exclusive club that the public doesn't get to see.



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Asian shares slip on trade deal worry, dollar defensive

Asian shares fell on Friday in a weak start to the month and off three-month highs struck this week on fresh concerns over Sino-U.S. trade prospects and ahead of U.S. economic data, while the dollar eased against major rivals.


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Mass Blackouts Across California Are Coming to an End -- For Now



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These are the 5 leaders in the self-driving-car race (GOOG, GOOGL, GM, F)

GM self-driving boltGM

Tech companies and auto companies are all racing to be the first to roll out self-driving cars onto the road.

The stakes are high for everyone involved. The self-driving revolution and the prevalence of ride-hailing services such as Uber and Lyft threatens to reduce individual car ownership, which would eat into a sizable piece of automakers' core business.

See the rest of the story at Business Insider

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Canada denies sharing Huawei CFO Meng's devices details with FBI: court documents

The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou's electronic devices was not shared with the United States Federal Bureau of Investigation (FBI) during her December 2018 arrest in Vancouver, court documents showed on Thursday.


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Pinterest shares tumble after sales outlook disappoints

Image search platform fails to generate as much revenue from US users as expected

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Toronto’s City of Tomorrow Is Scaled Back Amid Privacy Concerns

The overhaul envisioned by a sibling company of Google has been lauded for its innovations. It’s also been called a “corporate surveillance state.”

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Whirlpool 'silenced customers' amid tumble dryer fire scare

MPs criticise the maker's use of non-disclosure agreements and its response to tumble dryer fires.

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Korea Exports Fall for 11th Month as Trade Gloom Persists



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Big Reads on Economics: Fed Finds Footing, Trade Pacts Hit Snags



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China Wealth Fund to Review Stake in German Rest Stop Chain



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Fake Chimneys For Birds



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Japan sounds warning on China’s growing military might

Defence minister Taro Kono says new missile systems have added to ‘global anxiety’

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Indonesia urged to probe death of Belt and Road project critic

Activists say lawyer may have been targeted for opposing China-backed dam

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Japan's Jobless Rate Unexpectedly Rises From a 27-Year Low



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'Bloomberg Markets: The Close' Full Show (10/31/2019)



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'Bloomberg Technology' Full Show (10/31/2019)



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How 3PL providers can thrive in light of their changing relationship with retail partners

This is a preview of a research report from Business Insider Intelligence,Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.

Third-party logistics (3PL) providers have been the cornerstone of retail supply chains for decades. 3PL providers are defined by the Council of Supply Chain Management Professionals (CSCMP) as "a specialized company that handles the outsourcing of much or all of a company's logistics operations."

3PL_ProvidersBusiness Insider Intelligence

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Juul’s Meltdown Costs Tobacco Giant Altria $4.5 Billion

Juul, the e-cigarette maker, is under intense scrutiny as vaping-related illnesses rise.

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Wednesday, 30 October 2019

'Bloomberg Markets: The Close' Full Show (10/30/2019)



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Johnny Depp Settles With Former Lawyer for 'Eight Figures'



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Samsung Electronics upbeat on chip outlook as third-quarter profit falls 56%

Samsung Electronics Co Ltd said chip sales should pick up in 2020 as it reported a 56% fall in third-quarter operating profit on Thursday, reeling from memory price declines amid a prolonged industry downturn.


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Oil prices extend fall after surprise inventory build

Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve.


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International money transfers hit $613 billion this year — here's what young, tech savvy users value most about them

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.

FORECAST Global Remittance VolumeBusiness Insider IntelligenceRemittances, or cross-border peer-to-peer (P2P) money transfers, hit a record high of $613 billion globally in 2017, following a two-year decline.  And the remittance industry will continue to grow, driven largely by digital services.

Several factors will fuel digital growth globally, such as increased smartphone penetration, greater demand for digital transactions, and an overall need for faster cross-border transfers. And with the shift to digital comes an audience of younger, digital-savvy customers using remittances — a segment that companies are looking to target.

As a result, the global remittance industry is becoming increasingly competitive for firms to navigate, with incumbents like Western Union and MoneyGram competing for the same pool of customers as digital upstarts like WorldRemit and Remitly. And in order to win, companies across the board will need to prioritize the four areas consumers value most in remittances: cost, convenience, speed, and safety.  

See the rest of the story at Business Insider

See Also:

SEE ALSO: These were the biggest developments in the global fintech ecosystem over the last 12 months



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Asian stocks edge higher after Fed rate cut, focus shifts to BOJ

Asian shares rose on Thursday and U.S. stock futures edged higher after the U.S. Federal Reserve cut interest rates as expected to keep economic expansion on track.


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Samsung Elec upbeat on chip outlook as third-quarter profit falls 56%

Samsung Electronics Co Ltd said chip sales should pick up in 2020 as it reported a 56% fall in third-quarter operating profit on Thursday, reeling from memory price declines amid a prolonged industry downturn.


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A risky corner of the ETF market has boomed this year as YOLO traders chase the rally

A fund that tracks Nvidia stock is one of the most popular leveraged ETFs. Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia F...