Markets

Qantas passenger says he was ‘fat shamed’

Qantas passenger says he was ‘fat shamed’ Beales told the publication he felt "bullied" and "depressed about the whole situation". But Beale insists he would be willing and able to assist in the event of an emergency. "It made me feel really belittled". Passengers who require assistance in an emergency are not permitted to sit in an exit row. "I could have helped in the emergency". [Full Article...]

Shoe giants urge Trump to end trade war

Shoe giants urge Trump to end trade war They see it as a 65% probability before year-end, and most likely to come in the third quarter. Tariffs through the 2020 election? With no resolution in sight, U.S. The Trump administration has singled out Huawei, accusing it of posing a security threat. A spokesman for China's Commerce Ministry said Washington was "using American national power to suppress Chinese companies". [Full Article...]

The Boring Company appears to have its first paying customer

The Boring Company appears to have its first paying customer According to the Las Vegas Sun , the final cost for the project is expected to be $52.5 million. The project consists of a pair of mile-long vehicle tunnels and a pedestrian tunnel, with three underground passenger stations and elevator/escalator access points. [Full Article...]

Australia's Lynas to spend US$345m on production boost, processing plant

Australia's Lynas to spend US$345m on production boost, processing plant It also follows mounting concerns that supplies of rare earths, used in everything from consumer electronics to military equipment, could be impacted by the Sino-U.S. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility formed part of a greater A$500-million growth initiative that would see Lynas produce 10 500 t/y of neodymium and praseodymi... [Full Article...]

DJI drones to come with plane detection

DJI drones to come with plane detection Some of DJI's industry-focused drones already have the feature built in but it has now pledged to add it to all drones weighing more than 250g (9oz). In DJI's announcement of the technology, it touted its own 37-page report on drone safety and criticised the drone incident data collection of government regulators. [Full Article...]

Body Shop owner Natura to buy Avon for £1.6bn

Body Shop owner Natura to buy Avon for £1.6bn Avon has been struggling to modernise its global business over the last few years, as its door-to-door sales model has become less popular in the internet age. Natura said it expects the Avon merger to generate $150 to $250 million in revenue annually. Natura has a commanding lead in Brazil's direct sales market, according to research group Euromonitor, which estimates a 31% market share for t... [Full Article...]

Turkey faces sanctions by USA over its arms deal with Russian Federation

Turkey faces sanctions by USA over its arms deal with Russian Federation While Washington has warned that Ankara faces sanctions under its Countering America's Adversaries Through Sanctions Act (CAATSA) if it presses on with the deal, Turkey has said it expects US President Donald Trump to honour commitments. The first batch of S-400s is expected to be delivered to Turkey in July. Akar, according to Anadolu , emphasised that the F-35 fighter jet was developed under ... [Full Article...]

Vodafone and EE just killed Huawei's 5G launch in the UK

Vodafone and EE just killed Huawei's 5G launch in the UK Telecoms giant EE will this month become the first operator in Britain to launch a 5G network but will do so without Huawei technology as originally planned, the company said on Wednesday. United States officials this week, however, issued a 90-day stay on the ban, saying breathing space is needed to avoid huge disruption. He gave no timeframe on when it would begin selling the device and expresse... [Full Article...]


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