Markets
EU leaders warn of damage to global growth from trade war
Juncker said the trade relations between the United States and China are hard and they are contributing to the slowdown of the global economy. Attempts to lower the role of the World Trade Organisation (WTO) or to destroy it are counter-productive, Russian President Vladimir Putin said on Friday. [Full Article...]
Chrysler Voyager Returns As The Poor Man’s Pacifica
It is expected to be a more affordable version of the Windsor-built Pacifica. The marketing guys over at Chrysler have made a decision to resurrect the "Voyager" moniker once used for the popular luxury minivan model. There, Chrysler has a specific model - the 2020 Voyager LXi - which has been designed for fleets. An LXi model is also available for corporate fleets, offering Stow 'n Go in th... [Full Article...]
Brazil expects EU-Mercosur deal to boost economy, investments
By securing EU-Mercosur deal, the largest and most complex free-trade agreement, politicians from both sides could not hold back celebrations. "In the midst of global trade tensions, we are sending today a strong signal with our Mercosur partners that we stand for rules-based trade", European Commission President Jean-Claude Juncker said following the clinching of the deal in the Belgian capital... [Full Article...]
Airbnb unveils $1000+ per night luxury rental tier
Staff are advised not to disclose the identity of hosts or guests and each property is insured by Airbnb's standard $1 million guarantee to cover any damages. The shift toward travel agency-style service is part of a shift the company embarked on starting back in 2016, with the launch of Airbnb Trips, which let contractors sign up to offer everything from tour guides to cooking classes on A... [Full Article...]
Australia's Scentre sells Sydney office towers for $1.1 bln
Scentre Group CEO, Peter Allen, said the sale had been conducted "by way of granting a 299-year leaseholder interest to Blackstone over the office components located at 100 Market Street, and 77 and 85 Castlereagh Street". "The transaction price represents nearly $800m in additional value created compared to our investment cost and has generated an unlevered internal rate of return of over 16% pe... [Full Article...]
Fed Chairman Jerome Powell stresses appropriate measures to sustain expansion
President Trump is keeping up his attacks on Federal Reserve Chairman Jerome Powell , saying he "made" Powell but now would like to trade him in for Mario Draghi, the head of the European Central Bank. "The Fed is insulated from short-term political pressures - what is often referred to as our 'independence, '" Powell said at the Federal Open Markets Committee meeting. [Full Article...]
Five Eyes hacked 'Russia's Google' Yandex to spy on accounts
The goal of the hack was apparently cyberespionage rather than physical destruction or intellectual property theft, sources told Reuters . No user data was compromised by the attack, according to the report . A private assessment by Kaspersky, described to Reuters , concluded hackers likely tied to Western intelligence breached Yandex using Regin. A Kaspersky spokeswoman declined to comme... [Full Article...]
Porter passengers being rebooked or given refunds after telecom issue resolved
However, customers are still dealing with the repercussions. One customer reported receiving a hand-written boarding pass as a result. Passengers travelling across the border were not able to be checked in, resulting in significant delays, the airport said. [Full Article...]