Year: 2018

VW might not be the only German car maker that has to deal with a full-fledged …read more […]

Canada is likely to buy the Kinder Morgan Canada Ltd. Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it gets built, according to a person familiar with the talks. The deal, a value for which hasn’t been publicly reported, will be announced as soon as Tuesday when Prime Minister Justin Trudeau’s cabinet is due to meet. Canada first offered to indemnify the expansion project but is now likely to instead buy it in full. …read more […]

A little-known unit of Alibaba Group Holding Ltd. is making the most of a sudden melt up in its shares to raise a whopping $1.4 billion. Alibaba Health Information Technology Ltd. said Tuesday it will sell new shares to help fund the purchase of some health-related assets from its parent company, the Chinese retail giant Alibaba. While the issue price — at HK$5.80 per share — is technically a good deal compared to Monday’s close at HK$6.77 in Hong Kong, it follows a mysterious 52 percent rally in the stock since May 16. …read more […]

Lava from the Kilauea volcano oozed over two wells at a geothermal power plant on Hawaii’s Big Island, but county officials say the flow has stopped. Both wells were closed and secured in anticipation of the lava flow. It was shut down shortly after Kilauea began spewing lava May 3. …read more […]

Starbucks, trying to put to rest an outcry over the arrest of two black men at one of its stores, is closing more than 8,000 stores for an afternoon of anti-bias training, a strategy some believe can keep racism at bay. After the arrests in Philadelphia last month, the coffee chain’s leaders apologized and met with the two men, but also reached out to activists and experts in bias training to put together a curriculum for its 175,000 workers. The training is typically designed to get people to open up about implicit biases and stereotypes in encountering people …read more […]

President Emmanuel Macron on Monday lauded as a hero a migrant from Mali who scaled an apartment building to save a child dangling from a balcony, and rewarded the young man’s bravery with an offer of French citizenship and a job as a firefighter. Gassama climbed five stories up the apartment building, moving from balcony to balcony, and whisked a 4-year-old boy to safety on Saturday night as a crowd below screamed. Gassama said he has authorization to stay legally in Italy, which is where he landed in Europe in 2014 after a more than a year in …read more […]

Russia’s energy giant Gazprom just scored a major victory in the fight to secure European market share in the natural gas game despite the U.S.’ efforts to convince the continent to ease its reliance on Russian gas …read more […]

Apple has executed flawlessly as Chipzilla stumbled. …read more […]

Google Home outsold Amazon Echo for the first time in the U.S. during the first quarter. …read more […]

Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains showed no sign of slowing. U.S. crude futures were at $66.47, down $1.41, after hitting a six-week low of $65.80. The Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia began withholding 1.8 million barrels per day (bpd) of supplies in 2017 to tighten the market and prop up prices that in 2016 fell to their lowest in more than a decade at less than $30 a barrel. …read more […]

President Donald Trump paid a Memorial Day tribute at Arlington National Cemetery to those who have fallen in battle or while protecting a nation forever thankful for their selfless service. Trump said he came to the “sacred soil” of Arlington “to honor the lives and deeds of America’s greatest heroes” — the men and women who laid down their lives so that others could be free. Trump also laid a wreath at the tomb during his second Memorial Day trip to Arlington as president. …read more […]