Markets
Doubts Over OPEC Weigh on Crude Prices
U.S. crude oil production for yet another week for week ending June 01-the most recent data available-increased to 10.800 million bpd, according to the EIA. "While some members appear to be against the idea, we believe that we will see a gradual lifting of cuts", said Warren Patterson, a commodities strategist at ING Bank NV in Amsterdam. [Full Article...]
Dixons Carphone admits huge data breach
Shares in Dixons Carphone , which issued a profit warning last month, fell as much as 6.4 percent on Wednesday, taking year-on-year losses to 37 percent. "We are determined to put this right and are taking steps to do so; we promptly launched an investigation, engaged leading cyber security experts, added extra security measures to our systems and will be communicating directly with those affecte... [Full Article...]
Uber driver who booted 2 kissing women has license suspended
In an interview with NBC New York , Iovine admitted that their exchange "turned into anger, which we are not proud of". "It's disrespectful", the driver said. "We were in shock. We always thought we lived in this untouchable New York City bubble where LGBTQ is so accepted", Ms Pichl said. Iovine says the two are aware of Uber's policy against riders having sex in the backseat, but that the kis... [Full Article...]
Toyota Motor to invest USD1 billion in ride-hailing firm Grab
Toyota is investing as a lead investor in Grab's ongoing financing round, Grab said in a statement on Wednesday (June 13). FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. The Malaysian-born but now Singapore-based company has its namesake app in over 100 million mobile devices, giving passengers access to over 6.6 million drivers and agents. [Full Article...]
Germany discovers ?illegal? devices that may be in 1M Mercedes diesels
The Kraftfahrt-Bundesamt said 238,000 vehicles in the country have unauthorised software fitted and has demanded that they are fixed immediately by the auto maker. Daimler hasn't contested the existence of the devices, but has argued that the devices may not be illegal. It's now unclear how many models in the United Kingdom are impacted. [Full Article...]
Judge approves AT&T's merger with Time Warner | AT&T
The ruling comes one day after the repeal of net neutrality, meaning that AT&T now has more freedom to prioritize the delivery of select content on its network. The combination would push technology forward and give consumers more choices, AT&T has promised. The "drop dead" deadline for completing the merger is June 21. [Full Article...]
Trump advisers blast Trudeau with 'unprecedented' language: political scientist
The likelihood of a trade war between the United States and Canada appears to be on the rise, and both sides are mulling more trade barriers. Mulroney began working with Trudeau a year ago. "But the conclusion I draw is that it is only through continued dialogue that we can find ways to work together to resolve the challenges we face". "Well, I think that very quickly I'll know whether or no... [Full Article...]
Trump credits Warmbier for NK summit: 'Otto did not die in vain'
The U.S. president said he raised the issue of human rights with Kim, and he believed the North Korean leader wanted to 'do the right thing.' He said the negotiations he has initiated should help improve conditions in the isolated country. [Full Article...]