Markets
Lufthansa second-quarter earnings fall on rising fuel costs and price wars
Revenue rose to €9.6 billion in the quarter through June, while adjusted EBIT (earnings before income and taxes) was €754 million. Following the publication of Lufthansa's Q2 results on Tuesday, shares of Lufthansa lost more than 6 percent and were among the biggest losers in the German stock index DAX. [Full Article...]
Capital One hit by major data breach
Paige Thompson, 33, a former Seattle technology company software engineer, was nabbed by Federal Bureau of Investigation agents after she boasted about the data theft one of the biggest to hit a financial services company on the information sharing site GitHub , authorities said. [Full Article...]
Oil prices rise ahead of expected United States interest rate cut
Iran, meanwhile, appealed to France for help in the face of US sanctions that have caused the OPEC member's crude exports to plunge. U.S. crude was up 25 cents at $57.12 a barrel, but set for a monthly decrease of around 1.8%. Crude stockpiles likely fell by 2.5 million barrels last week, according to the median forecast of analysts surveyed by Bloomberg. United States and Chinese negotiators ... [Full Article...]
Turkey's Albayrak sees more rate cuts; says bank reacts to data
The Middle East's largest economy contracted annually in the last quarter of 2018 and the first quarter of 2019, in the wake of a currency crisis that saw the lira shed almost 30% of its value against the dollar previous year. "Turkey will get over this period hopefully with two quarters (of contraction) and with minimum negative impact", Albayrak said. The lira lost about 30 percent of its valu... [Full Article...]
O'Leary lashes out at Boeing
The crunch is more severe since Air Canada had expected to add 12 more Max jets to its fleet by July. Air Canada says it could be a year before its fleet of Boeing 737 Max passenger jets returns to the skies. That helped push profit after tax down to 243 million euros (£218.6 million) for the three months to June 30 from 309 million in the same period a year ago, slightly ahead of an analyst pol... [Full Article...]
Beijing Kunlun to Relaunch Gay Dating App Grindr IPO
A Grindr spokeswoman declined to allotment extra recordsdata in regards to the IPO plans. Kunlun did no longer acknowledge to requests for commentary. The U.S. government deemed the initial IPO plan insufficient to address its concerns over Chinese control of Grindr, preferring that Kunlun make a fast exit through an outright sale. [Full Article...]
No more mini shampoo's as Global Hotel group joins war on plastic
The company said it would mean the removal of 200 million miniatures per year. It's more important than ever that companies challenge themselves to operate responsibly. Intercontinental Hotels Group (IHG) has announced that it will switch to bulk-size bathroom amenities in guest rooms across its entire portfolio of hotel brands. [Full Article...]
Trump threat to tax French wine completely moronic, minister says
When asked whether these measures could target French wine, Trump replied that it " might be on wine or something else ". Earlier this week, President Donald Trump lashed out at Paris' announcement that it would impose additional taxes on USA digital companies operating in France , warning that President "Macron's foolishness" may result in Washington taking reciprocal steps against his country... [Full Article...]