Thursday, July 11th, 2019

 

Ex-Malaysia Airlines chief to step down as head of Ryanair operations at end of year

DUBLIN, July 11 — Ryanair’s Chief Operations Officer Peter Bellew is to step down at the end of the year, chief executive Michael O’Leary said in a memo to staff today seen by Reuters. Bellew joined Ryanair in December 2017 after stepping down…


UK unveils draft law to tax tech giants

LONDON, July 11 — Britain today unveiled draft legislation for a “digital services tax” on global tech giants, which it plans to impose until leading economies reach an agreement on the contentious issue. The proposed levy, which will be…


Trump: China fails to buy agricultural goods as promised

WASHINGTON, July 11 — US President Donald Trump today accused China of backsliding on promises to increase purchases of American farm exports. The president’s latest salvo on Twitter comes the same week that US and Chinese trade officials had…


S&P 500 back above 3,000 on Fed optimism

NEW YORK, July 11 — Wall Street stocks pushed higher today, shrugging off data that showed increased inflation and a burgeoning trade controversy related to a French tax on large technology companies. Analysts said sentiment remained strong after…


Amazon to offer job skill training to 100,000 US workers

WASHINGTON, July 11 — Amazon announced plans today to offer job training to around one-third of its US workforce to help them gain skills to adapt to new technologies. The US tech giant said it would spend US$700 million (RM2.9 million) for its…


Housing, autos drive US inflation higher in June

WASHINGTON, July 11 — Rising prices for housing, used cars and medical care helped drive US consumer inflation higher last month despite flat or falling costs for food and fuel, the government reported today. The hotter-than-expected inflation…


ECB governors weigh options for boosting eurozone

FRANKFURT, July 11 — There was “broad agreement” among European Central Bank governors at their June meeting that further stimulus might be needed to keep growth and inflation on track, a record showed today, a position made explicit soon…


Trial of France Telecom bosses over suicides nears end

PARIS, July 11 — The trial of former bosses at France Telecom, including its ex-chief executive, over a spate of suicides at the firm was set to wrap up today with the defendants risking up to a year in jail. Between 2008 and 2009, 35 employees of…


Trump defends use of Deutsche Bank, says bank has been ‘maligned’

WASHINGTON, July 11 — US President Donald Trump today defended his use of Deutsche Bank AG and said the German bank was being “badly written about and maligned,” as congressional Democrats probe his finances. Democrats on two US House of…


HSS Engineers associate to provide consultancy services for ECRL new railway scheme

KUALA LUMPUR, July 11 — HSS Engineers Bhd’s (HEB) associate company, HSS Integrated Sdn Bhd (HSSI) has accepted a RM4.95 million contract from China Communications Construction (ECRL) Sdn Bhd (CCC) to provide consultancy…