Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
by Bjinse on Tue Jun 12th, 2018 at 11:10:56 AM EST
Seattle City Council votes to repeal 'head tax' weeks after enactment
Amazon.com (AMZN.O), the city's largest employer, was at the forefront of a coalition of businesses running a well-financed campaign to place a repeal referendum on the ballot for the November elections.

As passed on May 14, the measure would have levied a new tax of roughly 14 cents per employee per hour to raise $45 million over five years, with revenue earmarked to build more affordable housing and support services for the homeless.



Diversity is the key to economic and political evolution.
by Cat on Tue Jun 12th, 2018 at 10:55:17 PM EST
[ Parent ]
AT&T wins court approval to buy Time Warner over Trump opposition
"This will be a blockbuster summer for media mergers!" said Mary Ann Halford, senior adviser to OC&C Strategy Consultants.

related
DMCA-concern
British Government OKs Comcast Bid for Sky and Fox Bid With Conditions, Setting Up Showdown

archived
Fox deal for Sky not in public interest - UK regulator
Consolidation has accelerated


Diversity is the key to economic and political evolution.

by Cat on Tue Jun 12th, 2018 at 11:38:00 PM EST
[ Parent ]
Unilever says its shares are 'unlikely' to remain in the FTSE 100
Anglo-Dutch food to detergent group Unilever said on Thursday the plan to end its dual headquarters structure and relocate to Rotterdam mean its shares are `extremely unlikely' to stay in the British FTSE 100 index.
[...]
Unilever's shares were likely to have an increased weighting in pan-European indices, while the group would also maintain a premium listing in London, [CFO Graeme] Pitkethly is quoted as saying due in part to strikes by lorry drivers in Brazil.


Diversity is the key to economic and political evolution.
by Cat on Thu Jun 14th, 2018 at 08:54:48 PM EST
[ Parent ]
ECB to keep rates at record lows until summer 2019, cuts economic outlook
"Uncertainties related to global factors, including the threat of increased protectionism, have become more prominent, the risk of persistent heightened financial market volatility warrants monitoring," ECB chief Mario Draghi said.
[...]
The spending plans of Italy's new populist government have also revived concerns over the country's huge debt pile < wipes tears >.
All hands! Mystery solved!
"The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path," the ECB said.

The biggest complication for the process of normalisation could be a murky economic outlook, muddied by a developing trade war with the US, a populist challenge from Italy's new government and softening [!] export demand [REVENUE].
[...]
The euro's 5% fall against the dollar since April is also helping* the ECB as the weaker currency is increasing the cost [PRICES] of imports and boosting inflation.

*helping to disabuse int'l FX and "euro" bond speculators

archived
'whatever it takes'
26 July 2012,  Global Investment Conference, London, UK.

Diversity is the key to economic and political evolution.

by Cat on Thu Jun 14th, 2018 at 09:14:56 PM EST
[ Parent ]
Troublesome advanced engines for Boeing, Airbus jets have disrupted airlines and shaken travelers | Seattle Times |

A slew of technical problems with the three most advanced models of jet aircraft engines is widely disrupting operations at airlines, bleeding cash from the engine makers and grounding significant numbers of Airbus and Boeing jets.
The most difficult of the issues has this month left almost 50 Boeing 787 Dreamliners sold to some of the world's top airlines sitting powerless on the ground, waiting for engines before they can fly again.

And if the problem isn't contained, it could derail Boeing's plan to raise the 787 production rate next year.

British engine manufacturer Rolls-Royce has been inspecting its Trent 1000 engines on the Dreamliners for cracked turbine blades deep inside, and taking off those with cracks for repair.



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Sat Jun 16th, 2018 at 06:37:31 PM EST
[ Parent ]

Display:

Occasional Series