Markets
Jobless rate at its lowest since 1974 but wage rises are slowing
Other figures showed that the number of economically inactive people in the United Kingdom fell by 23,000 in the latest quarter to 8.6 million, a rate of just under 21%, one of the lowest on record. The ONS said the increase in the employment rate for women is due partly to changes to the state pension age for women, so fewer women are retiring between the ages of 60 and 65. [Full Article...]
Walmart matches Amazon with one-day shipping on many items
Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer - a move that will intensify the race to deliver orders to shoppers faster. Lore pointed to the development of Walmart's two-day shipping and one-day grocery delivery programs as key to the development of NextDay. After adding items to their ... [Full Article...]
Amazon breaks ground on $1.5 billion Prime Air hub at CVG
As of now, the company does not even have that many jets, but the hub is meant to house the company's future grand logistics ambitions. Rep. Thomas Massie also shared tweeted a photo from the groundbreaking, saying the hub will bring 2,000 new jobs to Northern Kentucky. [Full Article...]
Uber helps passengers politely request a silent ride
Those rides where you just want peace and quiet to reflect and your driver bombards you with endless questions or even worse, they unload on you about something leaving you unsure how to respond. 'With these new features and more to come, we're excited to ensure that our riders can arrive relaxed and refreshed, wherever they're headed'. Uber product manager Aydin Ghajar told TechCrunch that Ub... [Full Article...]
Fed's George says low inflation does not require policy…
But Powell ducked the question. "The committee is more comfortable with our existing policy position", he explained. US President Donald Trump has suggested the Federal Reserve could support the US in its simmering trade battle with China. [Full Article...]
Hyundai partners with Rimac for EV development
As a result, Hyundai Motor Company and Kia Motors Corporation has chosen it to be the right partner to help them develop electric sports cars . Hyundai Motor Group on Tuesday has entered into a strategic partnership with Rimac Automobili ( Rimac ) to strengthen the group's efforts to lead the high-performance electrified vehicle market and enhance its status as a game changer in clean m... [Full Article...]
B.C. to hold public inquiry into money laundering
Premier John Horgan says money laundering has had numerous impacts on people in the province including a rise in opioid deaths and higher housing costs. Supreme Court Justice Austin F. Cullen to head the inquiry, which will look into the impacts on real estate, gaming, financial institutions, and the corporate and professional sectors. [Full Article...]
Arriva Rail becomes second operator to sue DfT over East Midlands franchise
The move follows an announcement by Stagecoach last Wednesday that it had filed legal action against the DfT alleging that the department had breached its statutory duties under an European Union regulation that requires the government to adopt a "competitive tendering process" and which is open to all operators and conducted in a "fair, transparent and non-discriminatory manner". [Full Article...]