Bank of England Says Smooth Brexit Could Mean Faster Rate Increases
The Bank of England said it may need to raise interest rates faster than the market suggests, assuming that Brexit goes well.While it didn’t say what deal would be best for the U.K., its latest forecasts are based on the assumption that the adjustment to a new relationship with the European Union is “‘smooth.” That means avoiding the so-called cliff edge where the U.K. leaves after the two-year negotiation period without transitional arrangements in place. If the economy grows as expected, “the..>> view originalEuropean Airlines Bracing for Expansion of Trump's Laptop Ban
European airlines are preparing for the anticipated widening of a U.S. ban on bringing laptops and other large electronic devices on board planes bound for American airports.Air France-KLM Group and Deutsche Lufthansa AG are among carriers to say they’re making preparations for the moratorium on devices, including tablets and games consoles, to be expanded to their hubs after initially targeting Mideast and African airports. The European Commission has written to President Donald Trump’s admini..>> view originalDakota Access pipeline leaked 84 gallons of oil in April
By Blake Nicholson | AP By Blake Nicholson | AP May 10 at 3:09 PM BISMARCK, N.D. — The Dakota Access pipeline leaked 84 gallons of oil in South Dakota early last month, which an American Indian tribe says bolsters its argument that the pipeline jeopardizes its water supply and deserves further environmental review. The April 4 spill was relatively small and was quickly cleaned up, and it didn’t threaten any waterways. The state’s Department of Environment and Natural Resources posted a rep..>> view originalBoeing Halts Test Flights of New 737 Over Engine Issue
DALLAS — Boeing is suspending test flights of a new airliner because of a possible problem in the manufacturing of a key engine part. The company said Wednesday that it still plans to deliver the first Boeing 737 Max later this month, and production will continue. A Boeing 737 MAX 9 under construction at the company's production facility in Renton, Washington, on Feb. 13. JASON REDMOND / Reuters, file The news sent Boeing Co. shares down nearly 4 percent, although they recovered..>> view originalLive notes from Snap's first-ever earnings call
Snap's stock was down more than 21 percent in early after-hours trading following its first earnings report. by Kurt Wagner May 10, 2017, 5:37pm EDT. tweet · share · Linkedin. Michael Kovac/Getty Images for Vanity Fair. Wall Street didn't like Snap's ...>> view originalTunnel collapse renews safety concerns about nuclear sites
RICHLAND, Wash. — The collapse of a tunnel containing radioactive waste at the Hanford nuclear weapons complex underscored what critics have long been saying: The toxic remnants of the Cold War are being stored in haphazard and unsafe conditions, and time is running out to deal with the problem. “Unfortunately, the crisis at Hanford is far from an isolated incident,” said Kevin Kamps of the anti-nuclear group Beyond Nuclear. For instance, at the Savannah River Site in South Carolina, which ope..>> view originalUber deemed transport service by EU top court adviser
By Michele Sinner and Julia Fioretti | LUXEMBOURG/BRUSSELS LUXEMBOURG/BRUSSELS Uber provides a transport service and must be licensed, an adviser to the European Union's top court said on Thursday, in a potential blow to the U.S. firm which says it is merely a digital enabler.The non-binding opinion means the smartphone app can be regulated by European countries as a transport service, subjecting it to local licensing regulations which could have been considered disproportionate under EU law..>> view originalLachlan Express Confidence in Future of Fox News, More Settlement Costs Disclosed
Richard Drew/AP/REX/Shutterstock UPDATED: It was a mixed financial quarter at 21st Century Fox, as the media conglomerate reported higher than expected profits while falling short on revenues. The company’s stock fell sharply in after-hours trading, as investors seem to be getting jittery about the long-term health of the cable sector. Revenues for the three-month period ending in March hit $7.56 billion. That represented a 5% increase from the $7.23 billion of revenues reported in the prior..>> view originalTesla's Solar Roof Sets Musk's Grand Unification Into Motion
Tesla has begun taking orders for its transformative new solar roof. The pricing is competitive, and it marks the final piece in Elon Musk’s vision for a grand unification of his clean-energy ambitions—combining solar power, home batteries, and electric cars. “These are really the three legs of the stool for a sustainable energy future,” Musk said. “Solar power going to a stationary battery pack so you have power at night, and then charging an electric vehicle … you can scale that to all the wo..>> view originalVideo shows Southwest passengers fight aboard California flight
By Peter Szekely | NEW YORK NEW YORK Video of brawling U.S. airline passengers emerged on Wednesday for the second day in a row, this time showing two men going at it on a Southwest Airlines flight that had just landed on Sunday in Burbank, California.The grainy 22-second scene of grown men flailing, tumbling and pummeling on an airplane lingered on social media for a couple of days before breaking out onto television newscasts and news organizations' websites.What sparked the melee was not ..>> view original
Tuesday, August 8, 2017
Bank of England Says Smooth Brexit Could Mean Faster Rate Increases and other top stories.
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