Markets
Powell: Fed to continue to raise interest rates
The US dollar's volatility and global geopolitical tensions have influenced the price of gold since the beginning of the year. The last rate hike occurred in June and at that time, the Fed moved its projection for future rate hikes this year from three up to four. [Full Article...]
Ritz products recalled over Salmonella concerns
Mondelēz Global LLC announced on Saturday that some of the crackers contain whey powder as an ingredient, which was recalled by its supplier over salmonella concerns. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis. [Full Article...]
Cases of Cyclosporiasis Linked to McDonald's Salads, CDC Says
McDonald's salads have been linked to 163 "laboratory-confirmed" cases of cyclosporiasis across 10 US states, according to the Centers for Disease Control . A Florida resident also became ill after purchasing a salad while traveling in Kentucky. The illnesses are a result of a tainted batch of lettuce from a McDonald's supplier in Streamwood, Illinois, according to the company. [Full Article...]
Ryanair strike hits 600 flights, 100,000 passengers
Ryanair pilots are also planning to strike next week Friday. Similarly, 50 flights each to and from Portugal and Belgium could be cancelled, Ryanair confirmed. Kenny Jacobs, chief marketing officer at Ryanair , commented: " Ryanair sincerely apologises to our customers for these disruptions which we have done our utmost to avoid". [Full Article...]
Trump threatens tariffs on all $500 billion of Chinese imports
The Trump administration imposed punitive duties on $ 34 billion worth of Chinese imports to the U.S. in early July and said another $16 billion worth of electronics and plastics would be targeted after a public comment period. China will likely retaliate if additional tariffs are imposed, economists note, rather than simply knuckle under. Analysts suggest Beijing is willing to let the yuan depre... [Full Article...]
Low Sugar Cadbury Chocolate: The Diet Coke Of Chocolate Is Coming
How much sugar is there in Dairy Milk? Manufacturers have also cut sugar without adding any artificial sweeteners, colours or preservatives - and without adding calories. If the variant proved successful, it would be rolled out to other Dairy Milk products, the company said. Mondelēz will also release "30% less sugar" variants of its Maynards Bassetts hero, Wine Gums and Jelly Babies produ... [Full Article...]
Facebook investigates data firm Crimson Hexagon
Exactly what Facebook means by "surveillance" isn't clear, but it seems Crimson Hexagon has questions to answer over how aggressively it's been tracking users on Facebook and Instagram. "People can share their information with developers on Facebook and Instagram - just as they can when they download an app on their phone", said Ime Archibong , Facebook's head of partnerships. [Full Article...]
Sergio Marchionne Out As FCA CEO Following Complications With Surgery
In order to accelerate the CEO transition process, the board has named Mike Manley as CEO. The news was confirmed on Saturday evening, with Ferrari naming John Elkann as the company's new chairman. A Ferrari statement said the company had learned of Marchionne's condition "with deep sadness" and thanked him for "the extraordinary contribution he has made in recent years at the helm of Ferrari"... [Full Article...]