Business - News

Amazon could fill our cities with towering Echo-shaped drone hives

A worker bee.Image: Amazon/REX/Shutterstock By Colin Daileda2017-06-23 16:52:51 UTC Picture an Amazon Echo. Maybe you have one, or a friend does, or you’ve seen one in a commercial. They’re cylindrical and black, and small enough to be unobtrusive sitting atop a kitchen counter. Now picture them the size of a skyscraper, amid buildings of a […]

Why The Amazon-Whole Foods Deal Could Be Good For Independent Stores – Forbes

Forbes Why The Amazon-Whole Foods Deal Could Be Good For Independent StoresForbesAs predictions of the coming retail grocery apocalypse flood in, one sector of the retail economy is sure to benefit from the Amazon/Whole Foods mash-up: the butchers, bakers, greengrocers, farmers markets and other specialty food retailers that make …Jeff Bezos just handed corporate America […]

U.S. new single-family home sales rebound in May

A view of single family homes for sale in San Marcos Thomson Reuters WASHINGTON, (Reuters) – New U.S. single-family home sales rose in May and the drop in sales in the previous month was not as steep as previously reported, suggesting the housing market has regained steam. The Commerce Department said on Friday new home […]

Canadian Core Inflation Slows to Lowest Since 1999

Canadian inflation continued to ease in May, with a key gauge of price pressures at the lowest since 1999, a trend that will challenge the Bank of Canada’s recent efforts to set the stage for a rate increase. The consumer price index rose 1.3 percent in May from a year ago, down from an annual […]

Oil prices edge up as big producers stick to cuts

Oil prices ticked higher on Friday as the globe’s largest producers expressed willingness to stick to output cuts, capping a tumultuous week for a market that continues to be plagued by a global glut. A second weekly decline in U.S. crude supplies helped prices recoup some of their recent losses. But prices were still stuck […]

Eurozone business activity slows in June | Economy

World Bulletin / News Desk Eurozone private sector business activity slowed sharply in June but was still running at more than six-year highs, a closely watched survey showed Friday. Data monitoring company IHS Markit said its June Composite Purchasing Managers Index came in at 55.7 points, the lowest reading in five months and down from […]

China tightens online video controls, jolting investors

By Associated Press By Associated Press June 23 at 12:14 AM BEIJING — Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments about sensitive issues. The move prompted a sell-off in the U.S.-trade shares of Sina Corp. and its microblog service, Sina Weibo. Authorities said […]

United States suspends all Brazilian meat imports

Image copyright Reuters Image caption Brazil is the world’s largest beef exporter The United States has suspended Brazilian meat imports over “recurring concerns about the safety of products intended for the American market”. Several countries banned Brazilian meat in March, when prosecutors said health inspectors there had been taking bribes to approve sub-standard meat. The […]