EconomyWeb | Global Economic Outlook
BUSINESS • Today
Eddie Stobart chief leaves as shares suspended
August 23, 2019
The transport firm, known for its green and red lorries, revealed a £2m discrepancy in its accounts last month.
Business Headlines

Business World
Stock futures turn sharply lower after China threatens tariffs on U.S. goods
August 23, 2019
U.S. stocks futures fell sharply on Friday after China said it would impose tariffs on about $75 billion worth of U.S. goods.
Volkswagen recalls 679,000 U.S. vehicles that could roll away
August 23, 2019
Volkswagen AG said Friday it is recalling 679,000 U.S. vehicles sold since 2011 that could roll away because of an electrical issue.
SoftBank-backed Oyo, known for budget stays, to rebrand Hooters hotel in Vegas
August 23, 2019
SoftBank Group Corp-backed Indian hospitality startup Oyo will rebrand Hooters Casino Hotel in Las Vegas in a deal that a source with knowledge of the matter said was worth $135 million.
Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources
August 23, 2019
Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.
Stocks, dollar inch up ahead of Powell's Jackson Hole speech
August 23, 2019
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month.
U.S. fines Deutsche Bank $16 million to settle China, Russia corruption charges
August 23, 2019
Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S. regulator said in a statement.
Shares in Peppa Pig owner rise past Hasbro offer
August 23, 2019
Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.
Tesla in advanced talks with LG Chem on battery supply in China: source
August 23, 2019
U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.
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BUSINESS • World
Less dollars, more gold: Russia continues adding to its international reserves
August 22, 2019
Preview The Central Bank of Russia (CBR) reported on Thursday that the nation’s gold and foreign exchange reserves reached $528.4 billion, rising by $1.3 billion in one week.
Read Full Article at RT.com
Life after EU: Britain signs post-Brexit free trade deal with South Korea
August 22, 2019
Preview London and Seoul have inked a “continuity” trade agreement to replace a similar deal between South Korea and the EU after the UK leaves the bloc. The document is aimed at retaining trade benefits the countries currently enjoy.
Read Full Article at RT.com
WTF is an ETF? Investors searching for safe havens hoard ‘paper gold’ in record numbers
August 22, 2019
Preview In an attempt to secure their assets amid global economic slowdown and recession signals from the US, investors are turning to gold exchange-traded funds (ETFs), accumulating the highest amounts of it since 2013.
Read Full Article at RT.com
Company News
International Business
Popular ‘Crime Junkie’ Podcast Removes Episodes After Plagiarism Accusation
August 23, 2019
The show announced that it removed “several” episodes because of sourcing concerns after a journalist and others accused the hosts of using their work without credit.
How the Recession of 2020 Could Happen
August 23, 2019
The freeze-up in business confidence, caused in part by the trade war, could wind up affecting consumer confidence.
Trump Says He’s Exploring ‘Various Tax Reductions,’ and the Economic Data He Loves Shows Why
August 23, 2019
Some of the administration’s favorite data points are now flashing warning signs about investment, jobs and growth.
Trump Says He’s Exploring ‘Various Tax Reductions,’ and the Economic Data He Loves Shows Why
August 23, 2019
Some of the administration’s favorite data points are now flashing warning signs about investment, jobs and growth.
Did the Marvel Cinematic Universe Just Lose Spider-Man? Fans Reel at Sony-Disney Split
August 23, 2019
After months of negotiations, the two companies could not reach a deal for further cooperation over the comic book character. This could affect the future of the Avengers.
Who’s to Blame When Algorithms Discriminate?
August 23, 2019
A proposed rule from HUD would make it harder to hold people accountable for subtler forms of discrimination.
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BUSINESS • Analysis
5 things to know before the stock market opens Friday
August 23, 2019
Dow to fall on China tariff news; Fed chief Jerome Powell speaks; Fed presidents offer their views; bonds stable; and Larry Kudlow adds a tax twist
A slump in freight shipping flashes warning signs for economy as US-China trade war rages
August 23, 2019
Falling air cargo demand could be flashing warning signs about the broader economy.
Cramer Remix: I'd be a buyer of VMware on weakness
August 23, 2019
Jim Cramer explains why VMware's acquisition doesn't impact his investing thesis.

Business Trends
Google Photos now lets you search for text in pictures you’ve taken
August 22, 2019
Photo by Michele Doying / The Verge

Google made a subtle announcement today on Twitter: it’s in the process of rolling out new AI features for its Lens platform that will let you search your Google Photos library for text that appears within photos and screenshots. Then, you’ll then be able to easily copy and paste that text into a note, document, or form.

Both of the new features make use of a technique known as optical character recognition (OCR), with the copy/paste option building on Lens’ existing ability to understand and pull out the text found within photos, be it a screenshot or a photo of a physical sign or document. According to 9to5Google, that feature is available now on some Android devices, although it does not appear to be active quite yet on iOS. You may...

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DoorDash breaks silence on driver tips, says it’ll start paying them next month
August 22, 2019
Illustration by Alex Castro / The Verge

DoorDash today announced more concrete details about its updated tipping policy, which the company says it’s been testing this month and plans to roll out to all of its delivery contractors starting next month. Under a newly revamped pay model, all drivers will receive 100 percent of the tip amount a customer adds through the DoorDash app either at checkout or after delivery. Drivers will be informed of this total and the breakdown before they decide to accept an order. DoorDash is also pledging to increase base pay earnings across the board for all drivers.

The company initially promised to review its approach to tipping late last month in response to immense pressure both from the public and DoorDash drivers over its policy of p...

Continue reading…

DoorDash breaks silence on driver tips, says it’ll start paying them next month
August 22, 2019
Illustration by Alex Castro / The Verge

DoorDash today announced more concrete details about its updated tipping policy, which the company says it’s been testing this month and plans to roll out to all of its delivery contractors starting next month. Under a newly revamped pay model, all drivers will receive 100 percent of the tip amount a customer adds through the DoorDash app either at checkout or after delivery. Drivers will be informed of this total and the breakdown before they decide to accept an order. DoorDash is also pledging to increase base pay earnings across the board for all drivers.

The company initially promised to review its approach to tipping late last month in response to immense pressure both from the public and DoorDash drivers over its policy of p...

Continue reading…

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BUSINESS • Report
Bitcoin Hackers Charged As Nuclear Power Plant Security Compromised
August 23, 2019
Illicit Bitcoin mining consumes a lot of electricity. So what could be better, or should that be worse, than hacking into a nuclear power plant to mine your cryptocurrency?
The Fed Is Cutting Interest Rates Because Of Trump's Blundering Actions, Not His Blustering Words
August 23, 2019
The Fed can fairly be said to be cutting interest rates because of Donald Trump. But the move has little to do with the unprecedented and buffoonish levels of political pressure this president is placing on the U.S. central bank, whose functioning is key to domestic and global economic stability.


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BUSINESS • Insight
Getting personal about change
The need to shift mind-sets is the biggest block to successful transformations. The key lies in making the shift both individual and institutional—at the same time.
Business Perspective
696: The Challenges (and Triumphs) of a Young Manager
August 20, 2019
Julie Zhuo, Facebook’s VP of product design, started at the company as its first intern and became a manager at the age of 25. Like many first-time bosses, she made many missteps and acted how she thought managers were supposed to act. Eventually, she grew to find joy in the role and today she leads hundreds of people. She says that becoming a great manager also helps you know yourself better. Zhuo is the author of the book "The Making of a Manager: What to Do When Everyone Looks to You."
Consumer Insights
Attribution+ powers customer loyalty program for retailers
August 8, 2019
A well-established loyalty program has many advantages, among them is the ability to gather insights on shoppers in order to build meaningful relationships with them. But how much data do we really have? When shoppers register to a loyalty program, they might be asked questions about age, household size or maybe even income and monthly…
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BUSINESS • Outlook
Think You Can Stay Sane On a 20-Hour Flight? This Airline Is Testing the Long-Haul Endurance Challenge
August 22, 2019
Qantas is testing flights from New York and London to Sydney
Business Insight
Yes, I’m Feeling Bad About Climate Change. Let’s Discuss.
August 22, 2019
Recently, my mother asked me why I seemed down. It’s taken me awhile to articulate what I wanted to say, and how. There are big, macro issues that weigh on me as a feeling human and in my work. One is the state of democracy and rise of autocrats around the world, which I believe […]
How Algorithms Can Diversify the Startup Pool
August 21, 2019
Image courtesy of Greg Mably/theispot.com When pitching startups, men and women tend to have very different experiences in being evaluated for funding.1 Consider these questions that a venture capital investor might pose to aspiring business owners: To a male entrepreneur: “Tell us about your vision for this venture.” To a female entrepreneur: “Tell us about […]
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