• Global airlines' industry net to hit $38.4 bn in 2018: IATA
Global airlines' industry net to hit $38.4 bn in 2018: IATA

Airlines and cargo companies also see opportunities from commercial drones, Celine Hourcade, head of cargo transformation at IATA said. Profits are expected to grow by more than $2 billion in 2018, up to $11.5 billion. This has seen airlines achieve "sustainable levels of profitability", de Juniac said. Despite rising costs, things are looking ...

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  • Ireland to reluctantly collect tax windfall from Apple
Ireland to reluctantly collect tax windfall from Apple

While it may seem the tax rate Ireland sets for Apple is only their own business, Ireland is also a recipient of aid from the European Union , of which they would need less of if they collected more actual tax from the businesses based there.

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  • Amazon Australia goes live in time to ruin rivals' Christmas
Amazon Australia goes live in time to ruin rivals' Christmas

Industry research firm IBISWorld even put a number to it, last month saying the U.S. retailer would undercut Australian rivals to the tune of 30 %, while an Amazon staffer reportedly said the company was out to " destroy " the local retail scene.

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  • How Facebook made the Winkevoss twins Bitcoin BILLIONARES!
How Facebook made the Winkevoss twins Bitcoin BILLIONARES!

Bitcoin hit $11,395 last week, capping a boom that started a year ago and accelerated dramatically in recent days, despite a chorus of warnings about its threat to financial stability and potential for criminal exploitation. Bitcoin's rise comes amid continued interest in the digital currency from both ordinary investors and institutions. The Te...

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  • What to Do If You've Booked a Flight on American Airlines
What to Do If You've Booked a Flight on American Airlines

As a result, the union said, "we anticipate that American Airlines will be able to maintain a full December schedule as planned for its passengers". The union, which represents some 15,000 pilots at the largest USA carrier, had filed a grievance, saying the solution American had put in place violated pilots' contracts because of how it restricted...

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  • Elon Musk's huge battery is now powering South Australia
Elon Musk's huge battery is now powering South Australia

The rest of the country will be looking at the Musk's battery and how in performs in South Australia with the country overall facing an energy crisis with a system that is "among the world's costliest and dirtiest", and "annoyingly unreliable", wrote Australian Financial Review in October .

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  • Wait for 3-4 quarters before concluding on growth rate: Chidambaram
Wait for 3-4 quarters before concluding on growth rate: Chidambaram

Replying to a question on how the implementation of GST has impacted the GDP , Anant said "it introduced a measure of statistical challenge for us" while calculating the growth rate. Releasing GDP data in New Delhi today, Chief Statistician of India T C A Anant said the GDP growth has seen a reversal trend from declining trend in the last fi...

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  • Senators raise questions about Uber's response to reported 2015 data breach
Senators raise questions about Uber's response to reported 2015 data breach

This comes following the admission of Uber that information of Filipinos were exposed in a massive breach involving 57 million users worldwide dating back to October 2016. Uber spokeswoman Molly Spaeth responded in a statement, according to The Chicago Tribune , noting that the ride sharing company was "committed to changing the way we do business...

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  • Judge postpones Uber trade secret trial based on bombshell memo
Judge postpones Uber trade secret trial based on bombshell memo

Jury selection was set to begin November 29 in a case over Waymo's allegations that Uber stole trade secrets covering its autonomous driving technology. The hearing on Tuesday gave Alsup reason to doubt Uber's testimony. Under questioning, Jacobs trod a very careful line where he claimed to be assisting the US Department of Justice in discovering...

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  • USA online sales climb to record high on Black Friday and Thanksgiving
USA online sales climb to record high on Black Friday and Thanksgiving

This stronger-than-expected performance was achieved in spite of a number of factors that could have exerted a negative influence on growth, such as Black Friday occurring before pay day this year, and many retailers launched discounting campaigns in advance of the day itself.

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  • Massachusetts Gas Prices Down 5 Cents this Week
Massachusetts Gas Prices Down 5 Cents this Week

AAA Northeast said Monday in its weekly survey that self-serve, regular unleaded is averaging $2.60 per gallon. While AAA does expect gas prices to decline between now and the end of the year, motorists will still pay the highest November and December gas prices since 2014 .

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  • Oakland County Sheriff's Deputy Struck, Killed By Fleeing Suspect
Oakland County Sheriff's Deputy Struck, Killed By Fleeing Suspect

Christopher Berak was arraigned Saturday on charges of first-degree homicide and murder of a peace officer. ORIGINAL STORY (10:26 a.m.) An Oakland County Sheriff's deputy has been killed when he was struck by a vehicle that was being pursued by police.

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  • USA arrests ex-Hong Kong and Senegal officials in bribery case
USA arrests ex-Hong Kong and Senegal officials in bribery case

Kim said in the statement. Ho, 68, and Gadio, 61, are each charged with violating the Foreign Corrupt Practices Act and money laundering, with possible jail sentences of as much as 20 years. According to a criminal complaint, Gadio - the former foreign minister of Senegal and the operator of an global consulting firm - connected Ho with the pre...

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  • Football star Robinho bags 9 years in Jail for Sexual Assault
Football star Robinho bags 9 years in Jail for Sexual Assault

However, Robinho , who now plays for Atletico Mineiro in the Brazilian league, has the opportunity to appeal the verdict under Italian law. The forward, who has been capped 100 times by Brazil , returned to his home country a year ago to join Atletico Mineiro from Guangzhou Evergrande.

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  • Uber strikes deal with Volvo
Uber strikes deal with Volvo

Previously, we've seen Uber test its self-driving Volvo XC90 SUVs in Pittsburgh, and the company has already established a strong and strategic partnership with Volvo since August 2016. Uber already uses Volvo's XC90 as the testbed for its self-driving system, which is now undergoing trials in Arizona and Pittsburgh. On top of all that, Uber ...

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  • Sensex, Nifty touch new highs as Moody's upgrade buoys sentiments (Second Lead)
Sensex, Nifty touch new highs as Moody's upgrade buoys sentiments (Second Lead)

Shah says from a flow point of you Moody's upgrades provides a a great opportunity for India because there are many pensions funds that don't invest in India because of lower rating. Overall inflation rate in the country has declined markedly in recent times and forex reserves have increased to all-time highs, creating significant policy buffers to...

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  • Escaped psychiatric patient from Hawaii captured in California
Escaped psychiatric patient from Hawaii captured in California

In 2000, Saito's defense attorney argued for his release, but deputy city prosecutor, Jeff Albert, argued against it, stating that Saito "fills all the criteria of a classic serial killer". There, he got on an airliner and arrived in San Jose, California, arriving two hours before the hospital reported him missing. Saito has been charged with fel...

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  • Thanksgiving 2017 travel to be busiest in 12 years, AAA says
Thanksgiving 2017 travel to be busiest in 12 years, AAA says

Menendez, who has been under indictment for 2½ years, has already raised more than $2.5 million this year. Most travellers - about 90 per cent, or 45.5 million people - will be on the road; a 3.2 per cent increase in automobile traffic over last year's holiday, according to the pre-holiday analysis.That's despite a higher national average for pet...

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  • Keystone pipeline in South Dakota shut down after leak detected
Keystone pipeline in South Dakota shut down after leak detected

TransCanada has not given a reason for the incident, which occurred days before the Nebraska Public Service Commission was due to announce a decision on Keystone XL, a 830,000-barrel expansion through the state. The federal Pipeline and Hazardous Materials Safety Administration didn't immediately return an email requesting additional information fr...

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  • SA Rugby Accepts Rugby World Cup 2023 Vote Outcome
SA Rugby Accepts Rugby World Cup 2023 Vote Outcome

England hosted the most recent tournament, in 2015, when New Zealand won a second successive title after victory on home soil in 2011. Ireland were eliminated in the first round after receiving just eight votes and France won the second round against South Africa by 24 votes to 15.

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  • Warmer weather, rising non-OPEC output threaten oil market balance
Warmer weather, rising non-OPEC output threaten oil market balance

Brent futures fell 95 cents, or 1.5 percent, to settle at $62.21 a barrel, while U.S. West Texas Intermediate (WTI) crude lost $1.06, or 1.9 percent, to end at $55.70, the lowest close for both contracts since November 3. Gulf fell to a one-year low, while overall refining rates rose in the latest week, led by a jump in East Coast refining, which ...

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  • Airbus lands biggest-ever order with $49.5bn deal for 430 airliners
Airbus lands biggest-ever order with $49.5bn deal for 430 airliners

According to commentators, the deal marked a dramatic turnaround for Airbus , which had been lagging behind Boeing in the contest for orders so far this year and had a bad start to the 12 -16 November air show. "This significant commitment for 430 additional aircraft underscores our optimistic view of the growth potential of our family of low-pr...

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  • EgyptAir Signs Deal With Bombardier
EgyptAir Signs Deal With Bombardier

Sherif Fathi, Minister of Civil Aviation of Egypt , Safwat Musallam, chairman and CEO of EgyptAir Holding Company, and Fred Cromer, president, Bombardier Commercial Aircraft, announced the deal at the Dubai Airshow. Earlier this month, Bombardier also revealed it had secured orders for 31 aircraft from an unnamed European customer. Bole said, ...

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  • Amazon Web Services denies reports of China exit
Amazon Web Services denies reports of China exit

Amazon has been forced by new regulations passed in June to sell its China-based AWS assets to Beijing Sinnet Technology for $300 million. According to press reports , Amazon is only selling "certain physical assets" and the deal will allow Sinnet to better comply with Chinese laws.

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  • Google responds to Missouri investigation
Google responds to Missouri investigation

The FTC sometimes comments on state regulations or coordinates a joint investigation , and state attorneys general can bring federal antitrust suits on behalf of a citizen of their state . "When a company has access to as much consumer information as Google does, it's my duty to ensure they are using it appropriately", Hawley said. The Europe...

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