The builders of the Atlantic Coast Pipeline are halting the project as companies continue to face growing environmental opposition to new fossil fuel pipelines in the United States. Duke Energy Corp. DUK ,-0.11% and Dominion Energy Inc. D ,+0.41% said Sunday that they were abandoning the $8 billion pipelineRead More →
2/2 © Reuters. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London 2/2 By Siddharth Cavale and Martinne Geller (Reuters) – Unilever (NYSE:) proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years afterRead More →
According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the RoadmapRead More →
A novel cryptocurrency project called PornVisory plans to reward its users with tokens for watching porn on its platform. PornVisory’s founder, Veronica Noschese, explained to Cointelegraph that there’s a natural synergy between the cryptocurrency and pornography industry, which desperately needs anonymous financial systems. As examples, Noschese pointed to PayPal banning PornhubRead More →
Unemployment hasn’t been this low for 50 years, but a record one-quarter of student loans from a popular federal program qualified for easier repayment plans to help borrowers avoid default, according to DBRS Morningstar. Income-based repayment plans were being used on 24.7% of $452 billion worth of student loans withRead More →
COPENHAGEN (Reuters) – Freight-forwarder DSV Panalpina (CO:) said on Friday it would start direct cargo flights between Shanghai and Huntsville, Alabama from next week to cope with capacity constraints caused by the coronavirus outbreak in China. The global freight industry has been hard-hit by uncertain demand and crews’ health concernsRead More →
© Reuters. The Google internet homepage is displayed on a product at a store in London By Joseph Menn SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmedRead More →
© Reuters. Philippines’ DoubleDragon plans $1.3 billion multi-year REIT offering By Neil Jerome Morales MANILA (Reuters) – The Philippines’ DoubleDragon Properties Corp (PS:) plans a sale of shares worth up to 66 billion pesos ($1.3 billion) in a real estate investment trust (REIT), starting this year, to generate funds forRead More →
Joe Raedle/Getty Images President Donald Trump tells supporters in The Villages, Fla., in October 2019 that he’ll always defend Medicare, just days after signing an executive order that opens the door to further privatization. Later this evening, Donald Trump delivers his third State of the Union address. If past speechesRead More →
By Foo Yun Chee BRUSSELS (Reuters) – The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows. Drafted by theRead More →
Leaving your flight booking until the last minute can take a big chunk out of your wallet. Airlines don’t like it, either. Now, the world’s biggest plane maker has come up with a solution. Airbus AIR, +0.73% , the European aerospace and defense company that competes against U.S.-based Boeing BA,Read More →
Those golden years aren’t looking so golden for most Americans. Clearly, the country’s in the midst of a savings crisis as families struggle to cover rising home costs, hefty student-loan debt and everything in between. And it seems it’s only getting worse, unless you’re at the top of the wealthRead More →
So, how was President Donald Trump planning to spend his Thanksgiving? Well, according to Newsweek’s initial account, he was going to be busy “tweeting, golfing and more” — but no mention of the president’s unannounced trip to Afghanistan. As you can see, Trump’s son wasn’t too pleased with the story:Read More →
© Reuters. India plans to invest $1.39 trillion in infrastructure to spur economy NEW DELHI (Reuters) – India will unveil a series of infrastructure projects this month as part of a plan to invest 100 trillion rupees ($1.39 trillion) in the sector over the next five years, the finance ministerRead More →
A school break changed 66-year-old Martin Farber’s life forever. In 2007, his daughter — who at the time was attending Illinois State University — decided she wanted to spend a college holiday volunteering in Costa Rica and staying with a local family, he explains. She came home raving about theRead More →
© Reuters. Catalyst Plans a $1.5 Billion Rival Bid for Hudson’s Bay (Bloomberg) — One of Hudson’s Bay Co.’s largest shareholders has made a bid that values the retailer at more than C$2 billion ($1.5 billion), topping a rival offer from a group led by the company’s chairman. Catalyst CapitalRead More →
© Reuters. A worker is seen at the Tata steel plant in Ijmuiden LONDON (Reuters) – Tata Steel (NS:) plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday. Following a weekend interview in the Financial Times withRead More →
By Paul Sandle and William Schomberg LONDON (Reuters) – Moody’s warned on Friday it might cut its rating on Britain’s sovereign debt again, saying that neither of the main political parties in next month’s election was likely to tackle high borrowing levels which Brexit had made even harder to fix.Read More →
© Reuters. FILE PHOTO: The logo of Deutsche Bank is pictured on a company’s office in London (Reuters) – Deutsche Bank AG (DE:) said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender’s sweeping revampRead More →
WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, adding that the mobile phone industry was worried 4G models would not sell next year. Lei made the remarks at the World Internet Conference inRead More →
Fans might have to watch Jennifer Lopez and Shakira perform at the Super Bowl halftime show on an older television than they’d like if the trade war between the U.S. and China wears on, analysts at the Los Angeles–based bank B. Riley say. Though companies are taking precautions to defendRead More →
© Reuters. FILE PHOTO: The Boeing logo is displayed on a screen, at the NYSE in New York By Alexander Cornwell DUBAI (Reuters) – Dubai Aerospace Enterprise favours expanding its fleet via a takeover of a rival after the group was unable to agree on a major order from AirbusRead More →
Rio Tinto PLC has scrubbed plans for a sale or initial public offering of its Canadian iron-ore unit, following a yearslong effort to unload the business, according to a person familiar with the matter. Rio Tinto RIO, +1.09% RIO, +2.02% RIO, +1.53% has been shopping around its 59% stake inRead More →
(Reuters) – The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official. “The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time,” Bloomberg quoted https://bloom.bg/2obHkDb Treasury spokeswomanRead More →
Climate change. Wars. Overworking. Unnecessary meetings. And just flat out being broke. These are some of the reasons why millennials aren’t planning for much of a retirement. Twitter TWTR, +0.70% erupted with suggestions as to how this young generation could spend their old age, using the hashtag #millennialretirementplans, on TuesdayRead More →
