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Corbyn says May should resign - three days before general election

Labour leader Jeremy Corbyn has urged Theresa May to quit as the prime minister of the United Kingdom just three days before the general election on Thursday 8 June. "We have protected counter terrorism policing budgets, we have also provided funding for an increase in the number of armed police officers and since 2015 we have protected overall police budgets - and that's despite the fact that Jeremy Corbyn's Labour Party in the House of Commons suggested that police budgets could be cut".

Business

Date for next OPEC meeting set for November 30

Organization of the Petroleum Exporting Countries ( OPEC ) and non-OPEC members met on Thursday in Vienna , Austria, to renew the deal of limiting oil production for another six months. The contract shed $2.46, or 4.8 percent, to settle at $48.90 a barrel on Thursday.The S&P Energy Index dropped almost 11 percent Thursday to levels unseen since August 2016.

Business

Second-hand electric vehicle batteries are being recycled to power homes

Renault is Europe's number one EV manufacturer: sales of the Renault Zoe in Europe grew 15 percent in 2016 to 21,240 units, ahead of the Nissan Leaf (18,310 units sold) and the Tesla S Model (11,564 units). The companies are fitting 50 trial units in homes and schools to measure how effective the batteries are and how customers respond to the technology.

Business

Tesla Owners May See Their Insurance Premiums Rise

The automaker said the Highway Loss Data Institute compared its cars to the wrong competitors, including a " Volvo station wagon". Tesla has disputed the analysis, saying in a statement it was "severely flawed" and "not reflective of reality".

Business

Here's how to watch Apple's WWDC 2017 livestream

What's more interesting is that basically nothing about iOS 11 has leaked yet - similar to previous year - except a "Files" placeholder app that suggests more granular access to files on iOS devices. When it comes to iPhones , thankfully we could get more innovation out of Apple. MacBook fans may also get the chance to get a new line of MacBook soon.

Business

Simon Property Group (SPG) Earns Daily News Impact Rating of 0.40

Camden Property Trust (NYSE:CPT) has risen 3.41% since June 5, 2016 and is uptrending. It has underperformed by 35.26% the S&P500. Hotchkis & Wiley Capital Management Llc decreased Wal (WMT) stake by 3.35% reported in 2016Q4 SEC filing. Since January 1, 0001, it had 0 insider buys, and 18 insider sales for $20.91 million activity. 1,250 shares were sold by EUDY JOHN D, worth $287,725 on Wednesday, February 22.

Business

Two London attackers named by police

Redouane, 30, who police say claimed to be Moroccan and Libyan and was also known under the name Rachid Elkhdar, was not known to the authorities. On March 22, five people were killed in London after Khalid Masood rammed his vehicle into pedestrians on Westminster Bridge before fatally stabbing a policeman outside Parliament.

Business

Seven nations isolate Qatar for supporting terrorism

While the diplomatic spat hasn't affected shipments, any further escalation could raise the prospect of supply disruptions from the Middle East, including Organization of Petroleum Exporting Countries members Saudi Arabia , Iran and Qatar.

Business

UAE's, Saudi carriers to suspend flights to Qatar

Maldives' decision to cut ties with both Iran and Qatar reflects its increasing closeness to USA ally Saudi Arabia, which opened an embassy in the Maldives in 2015 and has offered cash grants to the government and begun negotiations on investments.

Business

Skydrive to be in air by Tokyo Olympics

Toyota recently invested almost $400,000 into a startup in hopes of having the driver of a flying auto light the torch at the 2020 Summer Olympic Games in Tokyo. The model now deployed was able to start floating off the ground for a few seconds. The trial had to be called off after the propellers were damaged several attempts later.

Business

Gas prices stay about the same in northern New England

That's eight cents below the national average but one cent higher than the MA price at this time past year. AAA also found that Orlando saw the largest weekly price hike in the state, with a 12 cent per gallon increase. "At the same time, crude oil starting today under $50 per barrel shows that the market is expressing some serious skepticism about OPEC's ability to re-balance global supply though its production cuts".

Business

Reiterates Neutral Rating for AstraZeneca plc (AZN)

Goldman Sachs maintained the stock with "Sell" rating in Thursday, May 25 report. 17/05/2017 - Marks & Spencer Group had its "Buy" rating reiterated by analysts at HSBC. The firm has "Buy" rating by Numis Securities given on Thursday, March 2. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group PLC from a "market perform" rating to an "underperform" rating in a research note on Wednesday.

Business

Residents trapped as gunfire mars truce in Philippines city

They have been pushed back to the city centre by Philippine forces over the past week after about 4,000 ground troops were bolstered by helicopters and aircraft deploying rockets and bombs. This is the one region in this largely Catholic country to have a significant Muslim minority and Marawi itself is predominantly Muslim. MILF cadres organised Sunday's ceasefire, which was to run from 8 am until noon.

Business

Gulf crisis could hit Qatar 2022

Gulf states Saudi Arabia , Bahrain and the United Arab Emirates , plus Egypt and Yemen today announced they were cutting all ties with Qatar, accusing it of supporting extremism, in the biggest diplomatic crisis in the region for years.

Business

Oil slides as USA climate withdrawal compounds glut concerns

U.S. President Donald Trump's withdrawal from the Paris agreement, the landmark 2015 global pact to fight climate change, drew condemnation from Washington's allies and many in the energy industry - and sparked fears that U.S. They believe that the OPEC production cuts are not enough to offset the rising U.S. shale oil production. It has been estimated that even if the number of rigs are not increased any more, the level of US crude output would rise by approximately 785,000 barrels per day ...

Business

Trump supporters rally outside White House for 'Pittsburgh Not Paris' event

A day after President Donald Trump announced the United States' withdrawal from the Paris Agreement on climate change , EPA Administrator Scott Pruitt again added his name to a long list of administration officials who refuse to say whether the President believes the science behind climate change, dodging the question Friday.

Business

Arab League nations v Qatar: How it all started

Air travel across the Gulf region and beyond faces major disruption following the move by Saudi Arabia, Egypt, the United Arab Emirates ( UAE ) and Bahrain to sever ties with Qatar , accusing the tiny oil rich state of supporting terrorism.

Business

Qatar asks citizens to leave UAE within 14 days

Budget carriers flydubai and Air Arabia , which flies out of Sharjah, have also said that flights to Qatar would be suspended from Tuesday. Qatar's government has been borrowing at home and overseas to help finance some $200 billion of infrastructure spending as it prepares to host the World Cup soccer tournament in 2022.

Business

Turkey calls for dialogue over Qatar rift with Arab states

With a production capacity of about 600,000 barrels per day (bpd), Qatar's crude oil output, one of OPEC's smallest, is dwarfed by the near 10 million bpd churned out by the cartels de-facto leader, Saudi Arabia. Chairman of the Iranian Parliament's National Security and Foreign Policy Committee Alaeddin Boroujerdi said Monday that the first impact of the US President Donald Trump's recent visit to Saudi Arabia was escalation of tension among regional countries.

Business

Palmer Luckey Has an Idea to Make America Great Again

It is proposed as an alternative to full-scale border walls, such as the one President Trump has pledged to build between the USA and Mexico, due to potentially vast cost savings. Eventually, he wants to explore new applications of other technologies including drones, Mr. Luckey has told people. In September, Luckey's political views came into the spotlight after it was revealed that he secretly donated $10,000 to Nimble America , a pro-Trump non-profit that churned out racist, far-right ...

Business

Who will suffer the most from US climate exit?

In the wake of Trump's exit, China , the European Union and other countries around the world have reaffirmed their commitment to the accord, leaving the USA on a diplomatic island with only Syrian President Bashar al-Assad and Nicaraguan President Daniel Ortega (and to be fair to Ortega, his country didn't join because the accords weren't strong enough).

Business

Theresa May, pound both take a pounding

A YouGov constituency-by-constituency survey commissioned by the Times indicates the Tories could lose 20 of the 330 seats they hold, and Jeremy Corbyn's Labour gain almost 30 MPs. Labour can win next Thursday. The result would leave the party 16 seats short of a working majority, effectively a "hung parliament". However, it has a very wide margin of error, saying the Conservatives could get anywhere between 274 and 345 seats meaning they could also increase their majority.

Business

Qatar says it faces campaign of lies, denies interfering

The Sunni-ruled Arab nations are unhappy with Qatar's ties to Shiite-ruled Iran. The United States uses bases in several of the countries to launch air operations against the Islamic State extremist group, and has its headquarters for the air war at Al Udeid Air Base in Qatar .

Business

UAE's Emirates, Etihad to suspend flights to Qatar

Announcing the closure of transport ties with Qatar, the three Gulf states gave Qatari visitors and residents two weeks to leave. US Secretary of State Rex Tillerson, speaking on the sidelines of a bilateral meeting with Australian officials in Sydney that was also attended by Defence Secretary James Mattis, appeared to express implicit support for the Saudi-UAE-led move.

Business

Putin plays down ties with President Trump's ex-adviser Flynn

Where would we get this information from? And do it all the time? "And now it seems that not only may that happen, but we're not really expecting much in return", Oliver said . He accused the USA media of sensationalizing information and using it as a "weapon of war" against Trump . At one point Putin openly mocked Kelly's line of questioning, saying "you people are so creative over there".

Business

Qatar denounces 'unjustified' cut of Gulf ties

Qatar Airways , the country's flag carrier, didn't respond to requests seeking comment. The three Gulf countries announced they closed their borders to Qatar and gave Qatari residents and visitors two weeks to leave their states. Qatar also hosts members of Hamas's exiled leadership and maintains ties with Iran. Gulf Arab states and Egypt have already long resented Qatar's support for Islamists, especially the Muslim Brotherhood which they regard as a unsafe political enemy.

Business

Trump drags oil prices below $50

Benchmark Brent crude futures were off by almost 3% at $49.14 per barrel (bbl) at 5:34 a.m. CT (10:34 GMT), down $1.49 from the previous close. Yet, even in the EIA data, we have seen USA crude supply fall for seven consecutive weeks and during the same time, during five weeks we saw USA oil inventories fall by nearly 16 million barrels.

Business

ISIS claims responsibility for London attack that killed 7

It was the third attack in Britain this year that Islamic State has claimed - after a similar attack on Westminister Bridge in March and the Manchester concert bombing two weeks ago - and one of several involving vehicles in Europe, including last year's Bastille Day rampage in the French city of Nice.

Business

Southern rocker Gregg Allman laid to rest near Highway 41

Gregg's children Devon, Layla and Delilah Island , his niece (and Duane's daughter) Galadrielle, his lifelong friend Chank Middleton and his manager Michael Lehmen delivered eulogies at the service. "He's somebody who has been in my life first as an artist and later as a real person since I was about 8 years old, and so it's shocking to think of the world without him", said Paul, 50, who interviewed Allman many times for the book.

Business

Five countries cut links with Qatar

Kuwait and Oman are the only members of the Gulf Cooperation Council that have not joined the boycott. These were more severe measures than during a previous eight-month rift in 2014, when Saudi Arabia , Bahrain and the UAE withdrew their ambassadors from Doha .

Business

NDTV shares tank almost 7% in intra-day after CBI searches

However, the English and Hindu news channel slammed the accusations as "attempts to blatantly undermine democracy and free speech in India ". Sudheendra Kulkarni, Chairman of the Observer Research Foundation who has been associated with the BJP, said: "Raids on Prannoy Roy has less to do with financial wrongdoing, more with the "wrong" of NDTV being an independent media voice".

Business

Indian equities close flat, indices at new highs

Finally, the gauge ended higher by 36.20 points, or 0.12 per cent, to close at new peak of 31,309.49, surpassing its previous record closing of 31,273.29, reached on June 2. "However, global cues were mixed". The market is in wait-and-watch mode. Sector-wise, the S&P consumer durables index surged by 909.66 points, the capital goods index rose by 141.59 points, and the banking index was up by 93.92 points.

Business

Ford appoints Jim Hackett as its new CEO

Ford CEO Mark Fields has been forced out of the company as part of a significant management shakeup to improve the company's overall strategy according to a new report. Mark Truby will be new vice president of communications, and company officer, succeeding Ray Day, who plans to retire next year. "Mark had a tremendous career at Ford and did great things", Bill Ford said .

Business

Sun Life Financial (SLF) Getting Favorable Media Coverage, AlphaOne Reports

Barclays PLC's price target suggests a potential upside of 17.43% from the stock's current price. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 11.04 and a beta of 1.14. This represents a $1.74 annualized dividend and a dividend yield of 3.93%. It also reduced its holding in Fifth Third Bancorp (NASDAQ:FITB) by 190,186 shares in the quarter, leaving it with 452,871 shares, and cut its stake in Frontier Communications Corp (NASDAQ:FTR).

Business

Oil steady ahead of Opec meeting

News of the nine-month extension starting emerging when Khalid Al-Falih, Saudi Arabia's energy and industry oil minister told CNBC , "Nine months with the same level of production that our member countries have been producing at is a very safe and nearly certain option to do the trick".


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