• Uber files much awaited IPO, reveals loss of $1.8B in 2018
Uber files much awaited IPO, reveals loss of $1.8B in 2018

Uber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year. The non-EBITDA net income, however, is an impressive turnaround compared to its 2017 full-year loss of more than $4 million.

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  • Venezuela Leadership Issue Still Blocking IMF, World Bank Aid
Venezuela Leadership Issue Still Blocking IMF, World Bank Aid

The US is unlikely to get the required votes to carry it out. The finance ministers group on Thursday "discussed plans for future economic support of Venezuela ", Mnuchin said in a statement, but cautioned that it may require "a long and costly process of rebuilding Venezuela after many years of poor economic policies and kleptocracy".

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  • Tesla's $35,000 Model 3 is only available as a special order
Tesla's $35,000 Model 3 is only available as a special order

The Model 3 with Standard Plus battery range used to cost US$37,500, plus US$3,000 for Autopilot . While that might seem heavy-handed to some, they also made it cheaper. Lessees will not be able to purchase the auto at the end of the lease period. This is because Tesla plans to use those previously leased vehicles in its upcoming ride-hailing ...

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  • Million Rock 'n Play Sleepers Recalled by Fisher-Price
Million Rock 'n Play Sleepers Recalled by Fisher-Price

In response, Fisher-Price has issued a voluntary recall of the product and is advising consumers to stop using the Rock 'n Play Sleeper immediately. Tragically, that is not the case . In recent days, questions have been raised about the Fisher-Price Rock 'n Play Sleeper. Earlier this week , the American Academy of Paediatrics (AAP) urged the ...

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  • Sweden looking at re-filing sex assault case against Julian Assange
Sweden looking at re-filing sex assault case against Julian Assange

While the narrow charge against Assange of violating computer hacking laws was not widely in dispute, academics and advocacy groups were alarmed by the justice department's accusatory tone toward journalistic activities that include protecting the anonymity of sources and sharing government information and records in the public interest.

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  • IMF cuts global growth forecast from 3.5% to 3.3% for 2019
IMF cuts global growth forecast from 3.5% to 3.3% for 2019

IMF Chief Economist Gita Gopinath has raised concerns over the way India calculates its growth rate. Other suggestions for India in the outlook include improving the governance of public sector banks; reforms to hiring and dismissal regulations to incentivise job creation and absorb the country's large demographic dividend; and land reform to ...

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  • Nissan shareholders sever last ties with ousted Ghosn
Nissan shareholders sever last ties with ousted Ghosn

On April 4, Ghosn was rearrested by Tokyo prosecutors over new allegations of aggravated breach of trust, related to funds essentially being transferred through a Nissan dealership in Oman and back to himself, causing Nissan a loss of around 5 million US dollars, according to prosecutors.

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  • United Kingdom takes another step closer to no-deal European Union exit
United Kingdom takes another step closer to no-deal European Union exit

He said, "the British parliament must now make a decision and finally say what London wants". Cooper's move came a day after MPs failed to reach to find a majority behind any of alternative Brexit proposals Monday night. He told the BBC on Wednesday that the "remorseless logic" of his Conservative colleagues in not supporting the prime minist...

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  • Britain’s May in Berlin to plead case for new Brexit delay
Britain’s May in Berlin to plead case for new Brexit delay

Theresa May held last-ditch talks with Angela Merkel and Emmanuel Macron ahead of tomorrow's European Union summit as she pleaded with them for a short Brexit delay. Mrs May has asked for the date of Brexit to be delayed until June 30 at Wednesday's summit, with the possibility of an earlier departure if the UK's withdrawal deal is ratified.

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  • 7200 job losses in March after jumps in January, February
7200 job losses in March after jumps in January, February

On a national level, the economy shed 7,200 jobs in March after a pair of strong monthly gains that helped Canada to post its best quarter of job creation since late 2017. The average workweek for production and nonsupervisory employees on private nonfarm payrolls rose by 0.1 hour to 33.7 hours. There was also a modest uptick in the duration measur...

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  • Theresa May wants further delay to Brexit, consults with opposition
Theresa May wants further delay to Brexit, consults with opposition

Both sides described Wednesday's meeting as preliminary but constructive. Labour has demanded that the United Kingdom remain in a customs union with the EU, and kept open the option of a second referendum , although it, like May's Conservative party, has also been divided by Brexit.

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  • Trump picks Herman Cain for Fed as new Powell counterweight, sources say
Trump picks Herman Cain for Fed as new Powell counterweight, sources say

From 1992 to 1996, he served as a director of the Federal Reserve Bank of Kansas City . "I didn't think Trump could do worse than Stephen Moore for the Fed ", Nobel Prize-winning economist Paul Krugman tweeted. He's doing some pre-checking now and I would imagine he would be in great shape. "I find Herman to be an outstanding person", he ...

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  • Trump touts rising US border ‘wall,’ proposes economic penalty on Mexico
Trump touts rising US border ‘wall,’ proposes economic penalty on Mexico

US Attorney General William Barr said the president's emergency declaration was legal. Since then, however, White House advisers, border city leaders and US economists have warned that such a move would have enormous economic consequences on both sides of the border, interrupting supply chains and boosting USA consumer prices on everything from...

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  • Data Of 540 Million Users Leaked To Third-Parties
Data Of 540 Million Users Leaked To Third-Parties

Meanwhile, the " At The Pool " database was dwarfed in size, at just 22,000 accounts, but contained much more sensitive information than Cultura Colectiva . "Not enough security is being put into the security side of big data", Chris Vickery, director cyber risk research at UpGuard , said. All that data was found in a database belonging to the ...

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  • Burger King tricks customers into eating 'Impossible' Whopper
Burger King tricks customers into eating 'Impossible' Whopper

If the new burger is a hit, Burger King plans to then introduce it to their customers nationwide. Until now. On Monday, the fast food chain announced it would be testing a meat-free Whopper. "We conducted an experiment to evaluate how well Whopper fans know their beloved Whopper", a narrator begins, voicing over footage of people biting into wh...

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  • Warnings of chaotic 'no-deal' grow amid UK Brexit deadlock
Warnings of chaotic 'no-deal' grow amid UK Brexit deadlock

Her plan is to seek approval for the legally binding agreement - which sets out the terms of Britain's departure and triggers a long transition period for the two sides to work out future relations - after securing cross-party political support for a vision of those future ties between the United Kingdom and the EU.

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  • Whole Foods to slash prices on hundreds of items starting Wednesday
Whole Foods to slash prices on hundreds of items starting Wednesday

The bulk of the cuts come in the fresh produce department. Some specific items you can expect to save on in the near future: large yellow mangoes ($1 each), mixed-medley cherry tomatoes ($3.49 per 12-oz container), and organic bunched rainbow chard ($1.99 each).

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  • Turkey's president declares victory in elections despite setbacks
Turkey's president declares victory in elections despite setbacks

Turkey's currency, the lira, has been losing its value recently. In the week leading up to the elections, Turkish stocks, bonds and the currency sold off, prompting the government to direct banks to temporarily starve a key London market of lira liquidity, according to officials.

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  • FAA: Outage issues experienced by multiple airlines resolved
FAA: Outage issues experienced by multiple airlines resolved

US airlines started returning to full service early Monday after a disruption of data they needed for takeoff caused delays across the country. "I completely apologize, we are now experiencing a system-wide outage", it said. This technical issue has been resolved. The airline anticipates scattered delays. "It would be best to check with the indiv...

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  • Juncker: UK 'sphinx' must decide on Brexit
Juncker: UK 'sphinx' must decide on Brexit

Among the top options are two that would call for much softer Brexit than May has envisioned. A no-deal Brexit would mean cutting ties with the European Union immediately and defaulting to World Trade Organisation rules for trade. Why would lawmakers approve on a fourth vote that which they have rejected three times before? This appears an em...

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  • Lyft jumps in debut after ride-hailing IPO raises US$2.34B
Lyft jumps in debut after ride-hailing IPO raises US$2.34B

The success of the IPO came despite Lyft's steep loses, criticism of its dual-class share structure and some concerns over its strategy for autonomous driving, for fear of missing out on the company's strong revenue growth. Lyft said it ended up selling 32.5 million shares in the offering, above the almost 31 million that it had targeted in its r...

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  • Lyft's IPO: 7 things you need to know
Lyft's IPO: 7 things you need to know

Uber, who is also set to go public this year, has reportedly received proposals from Morgan Stanley and Goldman Sachs, which value it around $120 billion. Lyft said in filings that its total bookings reached US$8.1 billion a year ago, with 1.9 million drivers providing rides to nearly 31 million customers in the USA and Canada.

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  • Wow Air Shuts Down Operations and Cancels All Flights, Stranding Passengers
Wow Air Shuts Down Operations and Cancels All Flights, Stranding Passengers

Passengers who booked their flights through a credit card are being advised to contact their credit card company while those who purchased travel protection, or whose credit card offers travel protection, may be entitled to claim compensation and assistance due to travel disruption.

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  • The good, bad and the unknown of Apple's new services
The good, bad and the unknown of Apple's new services

Those privacy protections will extend to the new Apple Card , which will be integrated into the Apple Wallet app on iPhone . Mr Brislen said Apple Card - a titanium credit card with no number - would offer protection from credit card fraud.

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  • Avocados Recalled in Six States over Concerns of Listeria Contamination
Avocados Recalled in Six States over Concerns of Listeria Contamination

If this is the case, retailers can identify Henry Avocado organic products by the bar code on the stickers. The recalled California-grown conventional and organic avocados were packed at the company's packing facility in California and distributed to several states including Arizona, California, Florida , New Hampshire, North Carolina and Wi...

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  • Apple Card could kickstart the move of credit cards onto smartphones
Apple Card could kickstart the move of credit cards onto smartphones

You can get cash back every day with Apple Card .And, as Apple is highlighting with other services, the Apple Card will put your privacy first. Jennifer Bailey, VP of Apple Pay, said Apple Card will give people more insights into their finances, like for instance how much you've spent in a certain category, or when the next bill is due.

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  • Aiming for reinvention, Apple eyes streaming, services
Aiming for reinvention, Apple eyes streaming, services

Telecom giant AT&T acquired the media-entertainment giant Time Warner and renamed it WarnerMedia, with the intent of moving into streaming with the rich content assets of Warner Bros studios, premium channel HBO and Turner broadcasting. Big questions to be answered include how compelling content will be; how much the service will cost, and what m...

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  • No Powerball victor Saturday; jackpot reaches $750 million
No Powerball victor Saturday; jackpot reaches $750 million

The victor can choose a cash option of $465.5 million. The Powerball numbers drawn Saturday night were 66, 52, 60, 24, 25 and a Powerball of 5. The amount you win drops dramatically after this. Since no one won the large jackpot prize, the jackpot has increased. Powerball is offered in 44 States, Washington D.C., Puerto Rico, and th...

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  • Federal Reserve Says No Rate Hikes, 2.1% GDP Growth In 2019
Federal Reserve Says No Rate Hikes, 2.1% GDP Growth In 2019

Rates are now seen peaking at 2.6 per cent, sometime in 2020, roughly a percentage point lower than the historic average for the fed funds rate and a sign that the US economy has entered a more sluggish era. Powell, for his part, has resisted criticizing the president and has repeatedly asserted the Fed's independence from the Trump administratio...

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  • Roundup weed killer: Jury agrees Monsanto chemical contributed to California man's cancer
Roundup weed killer: Jury agrees Monsanto chemical contributed to California man's cancer

The Hardeman's case is considered a landmark trial for hundreds of other plaintiffs in the U.S. with similar claims, which means the verdict could affect future litigation and other cancer patients and families. Activist investor Elliott already holds a stake of less than 3 percent in Bayer, Reuters disclosed past year. The finding comes after ...

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