Could British exit from EU be watershed for global economy?
FRANKFURT, Germany — A British exit from the European Union could cause global market swings for a while. But that would soon pass. If we’re lucky, that is. Much darker scenarios for the global economy are also being discussed by economists as they try to gauge the risks of Thursday’s referendum for the wider world. While economists say a British exit from the EU — or Brexit, as it is known — would be painful mainly for the country itself and to a lesser extent for rest of the Europe, the conse..>> view originalHong Kong Leader to Raise Bookseller's Detention With China
HONG KONG — Hong Kong's leader said Monday he'll raise concerns with the Chinese government over the case of a bookseller secretly detained for months in the mainland and whose revelations about his ordeal have sparked fear and anger over Beijing's tightening grip.Chief Executive Leung Chun-ying also said officials would review a notification system for when residents are detained by authorities in mainland China, after Beijing failed to alert the semiautonomous Chinese city's government abo..>> view originalSolar Impulse sets off on 90-hour Atlantic crossing
Media captionThe plane took off from New York on the latest leg of its voyage The Solar Impulse 2 aircraft has set off from New York to cross the Atlantic, one of the toughest stages of its attempt to fly around the globe using solar energy.The pilot, Bertrand Piccard, will attempt to reach Seville in Spain in about 90 hours.It is the first ever attempt to cross the Atlantic in a purely solar-powered aircraft.Mr Piccard takes short naps while the plane is in flight.The Atlantic crossing wil..>> view originalLinkedIn gets lucky
Several readers have asked for my take on Microsoft’s purchase last week of LinkedIn for $26.2 billion -- a figure some think is too high and others think is a steal. I think there is generally more here than meets the eye. Microsoft definitely needed more presence in social media if it wants to be seen as a legit competitor to Google and Facebook. Yammer wasn’t big enough. LinkedIn fits Redmond’s business orientation and was big enough to show that Satya Nadella isn’t afraid to open up the B..>> view originalGold'n Plump's parent suspects in-house tampering behind need to recall 27 tons of chicken
In-house tampering is being blamed for GNP Co. of central Minnesota recalling more than 27 tons of chicken over the weekend after contaminants were detected in some of the product that was distributed primarily to food service and institutional outlets. The recall involving the Gold'n Plump and Just Bare brands by the Upper Midwest's leading chicken manufacturer follows the company disclosing the discovery of sand and black soil in the chicken. GNP is the parent of the popular Gold'n Plump bran..>> view originalA Final Checklist for Costco's June 20 Credit Card Switch
In some Costco (NASDAQ:COST) stores across the US there is little indication that on June 20 the company undergoes a major change. Costco is dropping its American Express (NYSE:AXP) loyalty credit card in favor of a new one from Visa (NYSE:V). The only sign of the change in my local Costco is an information kiosk with signage that generically refers to credit cards, otherwise there is very little in-store to indicate that anything is happening. Perhaps that's because in the period leading up th..>> view originalRupee falls after RBI Rajan's surprise move to quit in September
NEW DELHI/MUMBAI India's rupee fell to a near one-month low and bonds weakened on Monday after central bank governor Raghuram Rajan, whose reforms have been credited for much of the economy's success in recent years, announced he would quit when his term ends in September. While the currency partially recovered losses, investors warn Rajan's replacement, who is yet to be named, will need to be seen as credible and somebody who can defend the central bank's autonomy at a critical juncture in..>> view originalWith oil price near $50, resilient US shale producers eye new chapter
HOUSTON Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency.That shale giants Hess Corp (HES.N), Apache Corp (APA.N) and more than 25 other companies have beaten back OPEC's attempt to sideline them would have been unthinkable just months ago, when oil plumbed $26 a barrel and collapses were feared. To regain market sha..>> view originalPaul Allen's space company nears debut of world's biggest plane
MOJAVE, Calif. A space launch company bankrolled by Microsoft Corp co-founder Paul Allen intends to compete with space entrepreneurs and industry stalwarts by launching satellites into orbit from the world’s biggest airplane.Stratolaunch Systems, a unit of Allen’s privately owned Vulcan Aerospace, last week gave a small group of reporters a first look at the nearly finished aircraft.With a wingspan of 385 feet (117 m), the six-engine plane will be larger than Howard Hughes’ 1947 H-4 Hercules, ..>> view original
Monday, June 20, 2016
Could British exit from EU be watershed for global economy? and other top stories.
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