Markets
Pelosi Aims for a Budget Deal by the End of the Week
At issue are two separate but pressing items on Washington's must-do agenda: increasing the so-called debt limit to avert a first ever default on US payments and acting to set overall spending limits and prevent crunching automatic spending cuts from hitting the Pentagon and domestic agencies in January. [Full Article...]
House approves $15 minimum wage, Senate prospects are dim
Companies like McDonald's and Walmart stopped lobbying against raising the federal minimum wage , and Amazon adopted a $15 minimum a year ago. In a 231-199 vote along party lines, the House passed the legislation that would increase the minimum wage to $15 an hour, more than double the current rate of $7.25. [Full Article...]
Dutch Airline KLM Under Fire For Breastfeeding Cover-Up Rule
I've been a flight attendant at KLM for up to 21 years now and I've seen so many mothers breastfeeding their child". A breastfeeding mum has taken to social media after being told to "cover up" on an aeroplane . People reacted strongly, with one user suggesting that whoever was culpable for the tweet by "restrained". A representative for KLM Airlines responded to Yahoo UK's request for co... [Full Article...]
'Abusive' woman billed for £85,000 after RAF scrambled to escort plane
The flight was forced to divert back to Stansted airport with a fighter escort due to her behaviour, the airline alleges . A female passenger aboard a Turkey-bound flight has been fined a whopping $106,000 for attempting to open the door of an aircraft during flight, while threatening to kill everyone along with herself. [Full Article...]
Amazon appeases German watchdog, but European Union opens new probe
The changes will apply not only to Germany , Amazon's No. 2 market after the United States , but also to its marketplaces in Britain, France, Italy and Spain, as well as its other worldwide sites in America and Asia, the German regulator said. [Full Article...]
Woman billed $105,000 after 'dangerous' behavior forced flight diversion
Chloe Haines has been accused by Jet2 of a "catalogue of aggressive, abusive and unsafe behaviour" on a flight bound for Dalaman in Turkey in June, including trying to open the aircraft doors during the flight. Ms Haines, of Maidenhead in Berkshire, was arrested by Essex Police upon landing on suspicion of assault, criminal damage and endangering an aircraft. [Full Article...]
S.Korea cuts key interest rate to 1.5%
With the latest move, the BOK's growth forecast neared those of key global credit rating agencies, such as Moody's and Fitch, which had respectively suggested growth of 2.1 percent and 2 percent for Asia's fourth-largest economy this year. [Full Article...]
French minister voiced fierce opposition to the Facebook's Libra
While the measure does not specifically target United States internet giants, the French commonly call it the GAFA tax, an acronym for Google, Amazon, Facebook and Apple. Mnuchin objected to the plan when meeting with Le Maire. Le Maire said that, unchecked, Libra could exploit Facebook's vast trove of data and lead to an increased risk of embezzlement, the financing of terrorism and the destabi... [Full Article...]