Economy

London tower fire: What do we know?

The Metropolitan Police confirmed in a statement that a number of people have been killed in the fire. "At this stage I do not wish to speculate on the cause of the fire or procedures in place". "People were looking down at all of the emergency crew and they were probably thinking, "That's OK, I'm going to be saved, the fire brigade are here", he said. [Full Article...]

Fed hikes key rate and unveils bond trimming plans

Fed hikes key rate and unveils bond trimming plans The initial cap will be set at $10 billion a month: $6 billion from Treasuries and $4 billion from mortgage-backed securities. As it stands, the Fed tops up any bonds that mature to keep its balance sheet at a steady level. Traders would be looking for any hint of the Fed's future rate-setting policy for the remainder of 2017. The median estimate of the long-run neutral rate, which is seen as th... [Full Article...]

Will the New iPad Pro Replace Your Laptop?

In order to bolster its presence in the lucrative detachable segment, the company introduced compelling features in the iPad Pro lineup through its latest version of iOS 11 software. Scrolling through a page feels less floaty, with a less noticeable blur in text as you race by and a more immediate clarity when you stop. You might be better off investing in a better, more comfortable keyboard... [Full Article...]

Gillespie wins GOP nomination in governor's race

Gillespie wins GOP nomination in governor's race On the Republican side, the race remains too close to call between Ed Gillespie and Corey Stewart . The primary elections are Tuesday, and voters across Virginia will be selecting their nominees for governor and lieutenant governor in this area. [Full Article...]

DUP to support minority Tory government after 'confidence and supply' deal reached

DUP to support minority Tory government after 'confidence and supply' deal reached May had been expected to win comfortably. While the party backed Britain's exit from the European Union , it has pushed back in the past against a " hard Brexit ". EU Economy Commissioner Pierre Moscovici, meanwhile, said May had "lost her bet", while the timetable for Brexit talks, due to begin in 10 days' time , has been thrown into disarray, raising suggestions that it could be extended. [Full Article...]

Localized features in next iOS system

Localized features in next iOS system It will ship later this year . This is Apple's long-awaited competitor to Amazon's popular Echo speaker. More than 35 million people in the USA are expected to use a voice-activated speaker at least once a month this year , more than doubling from last year , according the research firm eMarketer. [Full Article...]

Apple Inc (AAPL) HomePod Warning: Worse than Alexa With Excellent Sound Quality

Unlike those other smart speakers , Apple is positioning the HomePod primarily as a way to listen to and discover new songs and artists. APPLE has revealed a host of new products at WWDC 2017 and here's everything you need to know. [Full Article...]

Apple Debuts HomePod Smart Speaker

And both utilize the same ports as previous iPad Pro versions: A Lightning connector and the magnetic Smart connector that is now used only by the keyboard cover. The company claims this update to be "a giant step for iPhone and a monumental leap for iPad". What's more, the Control Center is entirely customizable where you can remove and add new toggles (like Cellular Data) onto to the pane. [Full Article...]

Jeremy Corbyn calls on Theresa May to resign

He said May should resign for presiding over cuts in police numbers during her time as Home Secretary. "We've got an election on Thursday and that's perhaps the best opportunity to deal with it", he said. In a later interview on BBC Radio 4's Today programme, Bradley was forced to admit that: "We've seen reductions in police numbers across the board". [Full Article...]

IL ends spring legislative session without budget deal

Now it will take a three-fifths majority to pass a budget instead of a simple majority. Brian Mackey reports on how the legislature and governor's failure to pass a budget resulted in immediate downgrades for IL government. But in the end - McAuliffe bucked his own party and gave the bill the bare minimum number of votes needed to pass the House. And they noted all components of the bipartisan... [Full Article...]

Schmuck: Triple Crown season turns bittersweet with Cloud Computing's win

Schmuck: Triple Crown season turns bittersweet with Cloud Computing's win Oaklawn-raced horses made up half the field, but the day belonged to the horse who seemed too green to win the gold. "It's a 3-year-old race over a mile and an eighth for a lot of money", said Asmussen, who won last year's Belmont with Creator. [Full Article...]

OPEC extends oil output cut by nine months

Stocks in Asia were mostly lower Friday after major oil-producing nations agreed to extend their ouput cuts for nine further months at an OPEC meeting in Vienna on Thursday. The cynics among you will spot that these coordinated production cuts are aimed at repairing the massive supply glut that sent our precious crude crashing to unthinkably-low prices past year. [Full Article...]

'Republicans care about poor people,' OMB Director Mulvaney says

It eliminates the LIHEAP energy assistance program, Community Development Block Grants, and many other critical, cost-effective programs that have a positive impact on Rhode Island. "And what we've been doing for too long - both parties, by the way, in this city - is taking money from people without laying out a plan about how we're ever going to pay it back". [Full Article...]

OBM Director Mick Mulvaney Holds Briefing On Govt Budget Cuts

House Speaker Paul Ryan says President Donald Trump's budget proposal for the coming fiscal year prioritizes "American taxpayers over Washington bureaucrats" while strengthening the military. He said the new paid parental leave programs he said will help parents keep working. The president's budget cuts 25 percent out of the food stamp program by implementing stricter eligibility and i... [Full Article...]

Trump Israel trip 1st presidential flight from Saudi Arabia

The walled Old City lies in East Jerusalem , which was captured by Israel from Jordan in the Six-Day War 50 years ago. It considers all of Jerusalem its indivisible capital, a status that is not recognised internationally. He was flanked by his son-in-law and senior adviser Jared Kushner, who is Jewish, and Western Wall Rabbi Shmuel Rabinovich. Following a brief description of the history o... [Full Article...]

NEW YORK (CNNMoney) - Now you can ask Alexa to show and tell

For example, owners away from home can use the Alexa App to make a quick call or send a message to their family's Echo . Amazon is adding support for free Alexa calling and messaging to the Echo and Echo Dot. On that note, this new appliance can make voice and video calls, with the important caveat that it only works with other Alexa-powered products. The device is tuned to pick up commands a... [Full Article...]

Budget 2017: $75b plan to create more than 60000 jobs

Budget 2017: $75b plan to create more than 60000 jobs At the same time it has managed to return the budget to surplus within four years. Budget papers indicate the deficit, which is A$37.6b for 2016/17, will dramatically fall from A$21.4b in 2018/19 to just A$2.5b in the following year. Spending to be frozen for two years from 2018, resulting in an effective A$303 million cut. In response the Treasurer claimed the principles in the budget were "v... [Full Article...]

Green vote helped NDP more than Liberals, says UBC prof

Whatever the outcome, go ahead and call this one a massive election bungle by Clark and the Liberals. A small rally was held at the Sheraton Hotel in Guildford on Monday May 8, the day before the British Columbia provincial election. Even after the final results are announced May 24, tight finishes could trigger judicial recounts. Our interactive results tracker above will update in real time as... [Full Article...]

New Yorkers To Vote Tuesday On School Budgets

New Yorkers To Vote Tuesday On School Budgets Residents had a choice between three candidates for one open board seat on Tuesday. When school budget is defeated, the school board may decide submit a revised (or, more rarely, unrevised) budget for a second vote, or adopt an austerity budget. [Full Article...]

What kind of dialogue do you want on OBOR, China asks India

Chinese daily suggests that New Delhi can learn from Beijing-Washington relations while tensions between New Delhi and Beijing should not be regarded as signal for intense geopolitical competition. The closing communique and a separate list of 270 concrete results from the summit covered everything from vague references to human rights and democracy - not subjects China gets much praise for in... [Full Article...]


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