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Comcast expects to pay its advisers between £203 million and £243 million in total for their work on the Sky bid, the USA group estimated in its formal offer document for the British company yesterday. For now, investors are waiting to see what Mr. Murdoch will do next. The Comcast NBC logo is shown on a building in Los Angeles, California, U.S.
  • Trump Offers to Help NATO Members Buy US Weapons

    Markets

    In June, after Trump called for Russian Federation to be readmitted to the G7 (after being booted over Crimea), Obama national security adviser Susan Rice called Trump's comments "very destructive". He said: "There is a communique that was published yesterday". And the president's declaration was also directly contradicted by one of his closest personal allies, French President Emanuel Macron.
  • Oil falls after Trump threatens to escalate trade war

    Oil falls after Trump threatens to escalate trade war

    Markets

    US crude inventories fell last week by 6.8 million barrels, according to data from industry group, the American Petroleum Institute. The selling pressure intensified as trade tensions between the USA and China raised concerns about demand.
  • Capital's jobless rate stuck in a good place in June

    Capital's jobless rate stuck in a good place in June

    Markets

    That was slightly higher than analysts' predictions of a 5.8 per cent rate. In addition, in June, Canada added 9100 jobs full-time and 22 700 positions part-time. Chances of a Bank of Canada interest rate increase at the July 11 announcement climbed to more than 90 percent from 88 percent before the data, the overnight index swaps market indicated.
  • Nostalgic social network 'Timehop' loses data from 21 million users

    Nostalgic social network 'Timehop' loses data from 21 million users

    Markets

    The security breach was possible because an access credential to Timehop's cloud computing environment hadn't been protected by multifactor authentication, but the company says it is now. However, no financial data or private messages were affected. As you can imagine, a service that scrapes your digital photos and old posts so it can replay them later will inevitably end up with a big stash of user data, but those databases, so far as we know at the moment, were not accessed by the crooks.
  • United States job growth seen strong in June, wages picking up

    United States job growth seen strong in June, wages picking up

    Markets

    But in Friday's revised figures, BLS reports that the legal services industry actually gained 300 jobs in May, compared with April. The surge in construction wages lost a little momentum in June. Job openings are at record highs, meaning numerous job seekers are likely to find employment soon. The big news from the Labor Department's employment report Friday is that 601,000 Americans re-entered the workforce in June.
  • Erdogan Takes On Greater Powers In Turkey's New Era

    Erdogan Takes On Greater Powers In Turkey's New Era

    Markets

    Erdogan, who first came to power as premier in 2003, won an outright victory in June 24 polls, defeating his closest rival, Muharrem Ince of the main opposition Republican People's Party (CHP) which is now locked in internal battles over its future direction.
  • Oil prices edge up, U.S.-China trade war in focus

    Oil prices edge up, U.S.-China trade war in focus

    Markets

    Looming over the oil markets is the trade dispute between the United States and China, the world's two biggest economies. Brent crude futures were down 6c or 0.1% at $77.33 a barrel. He said his refinery had cancelled United States crude orders and would switch to Middle East or West African supplies instead. "(Nonetheless) supply disruptions in Libya and Canada may put upward pressure on prices in the near-term", ANZ said in a morning note, adding that recent data showed "an ...
  • Windsor's Labour Participation Rate Lowest In Canada

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    Some recent reports have suggested that businesses can't find qualified workers at the wages they're offering - but this report "did not have any evidence to back up those claims", said Elise Gould, a senior economist with the Economic Policy Institute.
  • China court bans Micron chip sales in patent case: Taiwan's UMC

    China court bans Micron chip sales in patent case: Taiwan's UMC

    Markets

    In a patent ruling in favor of Taiwan's United Microelectronics Corporation (UMC), the Fuzhou Intermediate People's Court of the People's Republic of China has issued a preliminary injunction stopping Micron from selling 26 products, including dynamic random access memory and Nand flash memory-related products.
  • Starbucks employee fired after mocking customer's stutter

    Starbucks employee fired after mocking customer's stutter

    Markets

    The barista said, "Okay, S-s-s-sam.' When he received his coffee, he was shocked to see that his name on the cup was written as "SSSAM", which was disrespectful", Lekwijit wrote in his Facebook post . Starbucks said: 'Hi, Tan. That's when Lekwijit took the matter into his own hands and posted about the incident on Starbucks' Facebook page.
  • The dollar is sliding as US-China trade war materializes

    The dollar is sliding as US-China trade war materializes

    Markets

    With only $130 billion in United States imports to retaliate against, Beijing has said it will take "qualitative" and "quantitative" measures against the USA, triggering fears it could cripple the operations of U.S. That amount is higher than an earlier threat from Trump to target as much as $450 billion of Chinese exports. It's also bigger than the $506 billion of goods that the United States imported from China previous year.
  • HNA chairman Wang Jian died falling off wall in France

    HNA chairman Wang Jian died falling off wall in France

    Markets

    A source close to Wang told Caixin that he fell more than 10 meters (32.8 feet) off a wall while taking pictures during a visit to Avignon in Provence, an area popular with tourists. Jian, who was 57 years old, died in an accident, the company said . Chen also holds a 15 per cent stake. Wang told employees earlier this year that the company's difficulties were the result of a " major conspiracy " against the ruling Communist Party and President Xi Jinping by foreign and domestic " ...