• TSB chairman says embattled CEO has 'full support' of board
TSB chairman says embattled CEO has 'full support' of board

Thousands of customers were unable to access their bank accounts following a botched computer switchover last month. "In a letter to TSB chairman Richard Meddings, dated June 7 and signed by Treasury select committee chair Nicky Morgan, MPs said: ".the committee considers that the TSB Board should give serious consideration as to whether Dr Peste...

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  • Canada's Trade Deficit Narrowed In April
Canada's Trade Deficit Narrowed In April

At the same time, final Q1 nonfarm U.S. productivity data will be released . Imports fell 2.5 percent, paring back strong gains in March. For January-May combined, exports rose 13.3 percent from the same period previous year, and imports rose 21 percent.

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  • White House reportedly considering new economic penalties against Canada
White House reportedly considering new economic penalties against Canada

Most recently, Trump pulled the US out of the Iran nuclear agreement, following his earlier decision to withdraw from the Paris climate accord. German Chancellor Angela Merkel suggested to the German parliament on Wednesday that she is bracing for some frank talks.

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  • Google Renounces AI for Weapons, But Will Still Sell to Military
Google Renounces AI for Weapons, But Will Still Sell to Military

Technology giants, like Google, have stretched far ahead in developing software and services that give machines more control over decisions. The new rules could set the tone for the deployment of AI far beyond Google, as rivals in Silicon Valley and around the world compete for supremacy in self-driving cars, automated assistants, robotics, milit...

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  • Ghana FA looking into corruption claims as fallout continues
Ghana FA looking into corruption claims as fallout continues

Provisional measures will be put in place to run the sport in Ghana until a new body is formed. "When we say the FA is dissolved it means all functions, all activities are all dissolved", he said and also mentioned the indefinite suspension of the Premier League.

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  • Microsoft Deploys Project Natick Self-Sustaining Underwater Data Center Off Scottish Coast
Microsoft Deploys Project Natick Self-Sustaining Underwater Data Center Off Scottish Coast

It's been a while since we last heard from this initiative, called Project Natick , but now Microsoft has announced a major milestone for it. The North Sea is a rather unforgiving body of water, with frequent storms and strong currents, and Microsoft believes that if Project Natick can work here, it can work in an bad lot of places around the ...

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  • United Kingdom publishes Brexit customs plan after May-Davis fight
United Kingdom publishes Brexit customs plan after May-Davis fight

The so-called backstop proposal was published after last-minute wrangling over the wording with Brexit Secretary David Davis, who was reported to have been considering resigning unless it included a time limit. Pressed on whether he could remain in post if the backstop deal did not meet his full approval, Mr Davis said on Wednesday: "That's a q...

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  • Ex-Cambridge Analytica CEO admits getting Facebook data from researcher
Ex-Cambridge Analytica CEO admits getting Facebook data from researcher

The data was leaked by researcher Alksandr Kogan; after his admission that he did pass on the data to Cambridge Analytica , Nix retracted his version of events to admit his company did receive Facebook-generated data. The boss of Cambridge Analytica Alexander Nix has come out all guns blazing as he claimed the company was the victim of a "co...

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  • Tesla Model X Accelerated Toward Barrier Before Fatal Crash
Tesla Model X Accelerated Toward Barrier Before Fatal Crash

The report said the driver in the March incident got warnings to put his hands back on the wheel more than 15 minutes before the crash. Huang was still belted into the driver's seat but bystanders rescued him from the vehicle before it was consumed by flames.

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  • Milestone for U.S. job market: More openings than unemployed
Milestone for U.S. job market: More openings than unemployed

The department said Tuesday job openings in April reached a record high of 6.7 million - an increase of 65,000 from March. That was the highest level since the government started tracking the series in December 2000. Job openings rose in professional and business services, which includes accountants, architects and engineers; manufactur...

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  • Trump Feuds With Leaders of France, Canada Before Summit
Trump Feuds With Leaders of France, Canada Before Summit

The meeting with Trudeau could be particularly frosty, given Trump's recent sharp criticism of Canada's trade policies and the anger in Ottawa over Washington's decision to justify its new tariffs on national security grounds. He and Macron also noted that the tariffs would hurt American workers. Kudlow said President Donald Trump's focus at th...

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  • London Stock Exchange down on Thursday, June 7
London Stock Exchange down on Thursday, June 7

Shortly after the exchange opened, the benchmark FTSE 100 index was up 0.28 percent. The exchange eventually began trading at 9.00 a.m. BST (4.00 a.m. According to software expert Lev Lesokhin, who is head of strategy at CAST, outages like this are nearly inevitable. LSE in recent months has also experienced issues with its regulatory news an...

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  • Poundworld to appoint administrators, putting 5300 jobs at risk
Poundworld to appoint administrators, putting 5300 jobs at risk

Sources said that TPG Capital , Poundworld's owner, did not intend to put more money into the group, which has 355 stores. Poundworld, which employs about 5,300 people, is among many stores on the High Street which have been struggling. But if no deal is reached, the chain could also collapse completely, joining a list of this year's retail casu...

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  • Reserve Bank of India hikes key interest rate to 6.25%
Reserve Bank of India hikes key interest rate to 6.25%

Effective June 1, leading banks such as SBI, PNB and ICICI have already hiked their lending rates mostly across all tenures by as much as 10 basis points. In fact, the money markets and the bond markets have been pricing such a move since February 2018 as can be seen from the accompanying table. "Given the worldwide conditions-rising oil prices, th...

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"Didn't Canada Burn Down White House?" Donald Trump To Justin Trudeau

Larry Kudlow, Trump's top economic adviser, tried to downplay the trade divisions during a press briefing on Wednesday. President Trump could drive a hard bargain in return for American support on those issues. Canada, Mexico and the European Union vehemently dispute that claim. In private, the trade battle has strained a once-cheery relation...

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  • UK culture secretary to offer verdict on Fox bid for Sky
UK culture secretary to offer verdict on Fox bid for Sky

Fox previously put forward a remedy to this issue, telling regulators it would sell off Sky News to a third party , possibly Disney . Mr Watson also highlighted a string of lawsuits for sexual harassment and discrimination against the U.S.

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  • Ethiopia To End Boundary Dispute With Eritrea
Ethiopia To End Boundary Dispute With Eritrea

Eritrea had refused to hold any talks with Ethiopia until it agreed unconditionally to the border commission's findings. The Committee announced that minority shares in parastatals like Ethio Telecom, Ethiopian Airlines, electric power generation plants, Shipping Lines and Logistics Services Enterprises be transferred both to local and foreign in...

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  • Heinz Salad Cream may become 'Sandwich Cream'
Heinz Salad Cream may become 'Sandwich Cream'

A Heinz spokesman told trade journal The Grocer: "The name no longer fairly represents the product's ingredients or usage occasions". Salad cream - or, rather, sandwich cream - never established quite the same foothold in the USA, although it is a healthier alternative to mayo.

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  • Google founder’s flying car project starts offering test flights
Google founder’s flying car project starts offering test flights

The other, dubbed Cora , is a two-seat electric aircraft with 13 rotors that takes off and lands vertically and is designed as a transportation alternative in cities. "Making Flyer accessible, which is what we do at our Lake Las Vegas training facility, helps more people experience the freedom and possibilities of vehicles of the future", a Kit...

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  • Lord & Taylor Will Close Flagship Store In Landmark Fifth Avenue Building
Lord & Taylor Will Close Flagship Store In Landmark Fifth Avenue Building

Hudson's Bay , like many other traditional retailers, has been hurt by the rise of Amazon and online commerce in general. Following the sale of 424 Fifth Avenue , Lord & Taylor had planned to rent 150,000 square feet on the base floors of the the 676,000-square-foot property between West 38th and West 39th Streets.

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