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Tesco mulls high-end 'Finest' convenience stores
June 19, 2019
The supermarket's plan rattles upmarket rival brands, sending their shares lower.
Business Headlines

Business World
Sullenberger tells Congress 737 MAX pilots should get new simulator training
June 19, 2019
Chesley "Sully" Sullenberger, who in 2009 landed a U.S. Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded 737 MAX should get new simulator training before the plane returns to service.
U.S. trade chief says meeting with Chinese negotiator to precede G20 summit
June 19, 2019
The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to meet with a senior Chinese official ahead of next week's G20 summit in Japan where President Donald Trump and Chinese President Xi Jinping are set to confer.
Factbox: U.S. companies warn on Trump's tariffs
June 19, 2019
A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China will hit their profits.
Explainer: Who pays Trump's tariffs, China or U.S. customers and companies?
June 19, 2019
U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.
Explainer: U.S. dependence on China's rare earth: Trade war vulnerability
June 19, 2019
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
Airbus fights back with big name buyers after Boeing's MAX showstopper
June 19, 2019
Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing's grounded 737 MAX jet.
Elbit eyes acquisition opportunities from Raytheon-UTC deal
June 19, 2019
Israel-based Elbit Systems on Wednesday said it would keep an eye out for possible acquisitions if the proposed merger of U.S. aerospace companies Raytheon Co and United Technologies Corp triggers certain divestments.
Global stocks, yields edge higher as investors brace for Fed
June 19, 2019
A gauge of global stock markets gained modestly on Wednesday to reach six-week highs and benchmark government bond yields rose from multiyear lows as investors awaited a decision on monetary policy from the U.S. Federal Reserve later in the session.
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Pot calling the kettle black? Trump accuses European Central Bank of manipulating the euro
June 19, 2019
Preview US President Donald Trump on Tuesday took a shot at ECB head Mario Draghi, who said Europe may be in line for more stimulus money – a move which would weaken the euro against the dollar.
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‘Dollar becoming toxic’, more nations searching for alternatives – Russia’s foreign intel chief
June 19, 2019
Preview The US dollar is an anachronism of the modern world economy, according to the director of the Russian Foreign Intelligence Service, Sergey Naryshkin.
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Boeing gets ZERO orders first day at Le Bourget as European rival Airbus steals Paris Air Show
June 18, 2019
Preview As the Paris Air Show kicked off on Monday at Le Bourget, European aerospace giant Airbus recorded over 100 orders for its aircraft. Boeing didn't fare so well, however – the US planemaker didn’t announce a single new order.
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Company News
International Business
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BUSINESS • Analysis
Work is good for you — but only one day a week, scientists say
June 19, 2019
Working eight hours a week is the "recommended dose" for optimum mental wellbeing, British scientists claim.
Power restored at New York Penn Station after outage temporarily halted all train service
June 19, 2019
All trains traveling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.
Morgan Stanley isn't sure how to value Tesla anymore
June 19, 2019
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.

Business Trends
Harry Potter: Wizards Unite will launch on Friday
June 19, 2019

Harry Potter: Wizards Unite, the new AR game from Pokémon Go developers Niantic, will start rolling out around the world on Friday, according to an official tweet. The game previously launched in beta in Australia and New Zealand.

It’s unclear how long it’ll take to reach a more global audience. The wording of Niantic’s tweet simply says the worldwide launch will begin on June 21st and says to watch for more information “as the game goes live in your region soon.” Pokémon Go took an unusually long time to launch in certain countries like Japan, for example, so you shouldn’t necessarily cancel your Friday plans just yet.

From what we’ve seen, Wizards Unite is similar to Pokémon Go but with more mechanical complexity, which might not...

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Google will cite where its song lyrics come from following Genius dispute
June 18, 2019

Google today responded to an ongoing controversy involving lyrics provider and annotator Genius Media, which has accused Google of copying its song lyrics and reposting them as part of a feature in its search engine.

Now, Google is claiming it receives all of its song lyrics through third-party providers, and its asked the provider in question, LyricFind, to “investigate the issue to ensure that they’re following industry best practices in their approach.” Google says it will also now publicly cite the lyrics provider it’s using when it surfaces song lyrics in search results.

The dispute stems from a practice Genius began around 2016 to find out which lyric providers may be copying its song lyrics without credit. Genius first...

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Google Calendar was down for hours after major outage
June 18, 2019

Google Calendar was down for users around the world for nearly three hours earlier today. Calendar users trying to access the service were met with a 404 error message through a browser from around 10AM ET until around 12:40PM ET. Google’s Calendar service dashboard now reveals that issues should be resolved for everyone within the next hour.

“We expect to resolve the problem affecting a majority of users of Google Calendar at 6/18/19, 1:40 PM,” the message reads. “Please note that this time frame is an estimate and may change.” Google Calendar appears to have returned for most users, though. Other Google services such as Gmail and Google Maps appeared to be unaffected during the calendar outage, although Hangouts Meet reportedly...

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We Need To Discuss The Racial Wealth Gap And Reparations
June 19, 2019
The large racial wealth gap is the starkest reminder that the country has yet to create equal opportunity for all. Eliminating the racial wealth gap requires large-scale policy interventions, but also explicitly addressing the country’s exploitative, violent and discriminatory past.
OPEC Farce Sees Yet Another Oil Ministers' Meeting Postponed
June 19, 2019
Crude cartel is finding it hard to build consensus in a global oil market struggling with demand concerns and rising U.S. output.

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BUSINESS • Insight
Modular construction: From projects to products
Shifting construction away from traditional sites and into factories could dramatically change the way we build. Will modular construction make a sustainable impact this time around?
Business Perspective
687: The Surprising Benefits of Sponsoring Others at Work
June 18, 2019
Sylvia Ann Hewlett, an economist and the founder of the Center for Talent Innovation, has studied the difference between mentoring and sponsorship and what leaders have to gain from the latter. She says it's important to seek out protégés who outperform, are exceptionally trustworthy, and, most importantly, offer skills, knowledge, and perspectives that differ from your own, so you can maximize the benefits for both parties. Hewlett brings real-world lessons from several successful pairings and tips on how to effectively launch and manage these long-term relationships. She's the author of the book "The Sponsor Effect: How to Be a Better Leader by Investing in Others."
Consumer Insights
Consumers seek health innovations from brands
June 17, 2019
The relationship between consumers and their health is transforming at an unprecedented speed. From athleisure and cannabis to plant-based burgers and in-mall fitness centers, the trend behind so many of today’s breakthrough consumer movements is wellness. Consumers are seeking health innovations and depending on brands to help them achieve their goals. Regardless of industry, understanding these…
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BUSINESS • Outlook
Canada Reapproves Contentious Trans Mountain Pipeline Expansion
June 19, 2019
The decision is a blow for indigenous leaders and environmentalists
Business Insight
Making Corporate Venture Capital Work
June 18, 2019
Corporate venture capital (CVC) — equity investments in startups made by corporate entities — is steadily rising in the market. In 2018, the number of active CVC business units rose to 773, a 35% increase over the previous year. These CVC units participated in 32% more deals and invested 47% more funding over the same […]
Pathways to Progress for Women Entrepreneurs
June 17, 2019
When we look at the challenges women face in entrepreneurship today, the discussion often involves the tech sector as a whole. This misses a deeper problem. Although women are making gains in B2C startups, with women-founded Stitch Fix and Eventbrite going public in the last 12 months, women remain further behind when it comes to […]
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