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British Airways cancels flights from London as global IT outage causes chaos – Reuters

LONDON British Airways canceled all its flights from London’s two biggest airports on Saturday after a global computer system failure caused confusion and chaos, with thousands of passengers queuing for hours and planes left stuck on runways. The airline, which said there was no evidence of a cyber attack, said the major outage meant it […]

Rep. Ted Lieu: Kushner in ‘Compromising Position’ With Russia Probe – AppsforPCdaily

Though the White House says the conversation was “general and inconsequential”, the bank described it to ABC News as a “negotiation” during which “the parties discussed the business practices applied by foreign development banks, as well as most promising business lines and sectors”. Entous said sources had confirmed that us intelligence intercepted Kislyak’s reporting of […]

Zuckerberg’s Harvard Speech Shows He Doesn’t Quite Get The Economics Of Jobs And Automation – Forbes

Mark Zuckerberg has returned to Harvard and gained an honorary degree instead of the earned one he dropped out not to get. He also gave the commencement speech which was not a bad effort at all. However, there’s one piece of it which shows that his thinking still isn’t quite correct. It’s over the economics […]

US growth in Jan.-March upgraded to still-slow 1.2 pct. rate – Washington Post

WASHINGTON — The U.S. economy began 2017 with a whimper — though not quite as weak a whimper as the government had first estimated. The gross domestic product — the broadest gauge of the economy — expanded in the January-March quarter at a 1.2 percent annual rate, the government said Friday. That was better than […]

‘An egregious assault': Twitter erupts over GOP candidate’s alleged attack on reporter – Hartford Business

The alleged assault of Guardian reporter Ben Jacobs by Republican congressional candidate Greg Gianforte set social media alight on Wednesday night. Jacobs said he was asking Gianforte questions about the Republican healthcare plan when the candidate “body slammed” him. The Guardian released an audio recording that supported Jacob’s account of the incident, which was also […]

OPEC, non-OPEC extend oil output cut by nine months to fight glut – Reuters

VIENNA OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. OPEC’s cuts have helped to push oil back above $50 a barrel […]

Moody’s Sounds Alarm on China’s Borrowing Binge – New York Times

We’re sorry, we are not able to log you in In order to access our website, your browser must accept cookies from NYTimes.com. More information on cookie settings » Log in here » Sign up here » Moody’s Sounds Alarm on China’s Borrowing Binge – New York Times

US home sales fall as tight supply boosts prices – Reuters

WASHINGTON U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping house prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesdayexisting home sales declined 2.3 percent to a seasonallyadjusted annual rate of 5.57 million units last month. […]

The impossible magic math of Trump’s budget proposal, explained – Washington Post

Imagine that you’re in charge of a business — say, a high-end event space near Palm Beach, Fla. Now imagine that you have an idea for an advertising campaign that you’re confident will bring in money. You pitch your proposal to the board of directors: Spend $100,000 on the ad campaign, and we’ll reap $250,000. Let’s say […]

OPEC set to prolong oil output cuts by nine months – Reuters

VIENNA OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude. OPEC’s top producer, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six […]

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