Computer outage grounds hundreds of BA flights in London – ABC News

British Airways canceled all flights from London’s Heathrow and Gatwick airports on Saturday as a global IT failure upended the travel plans of tens of thousands of people on a busy U.K. holiday weekend. The airline said it was suffering a “major IT systems failure” around the world. It didn’t say what was causing the […]

Chipotle says hackers hit most restaurants in data breach – Reuters

Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc’s (CMG.N) restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose sales had just started recovering from a string of food safety lapses in 2015. Chipotle said it did not know […]

OPEC ponders how to co-exist with US shale oil – Reuters

VIENNA First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas. The history of the relationship between OPEC and the U.S. shale oil industry has evolved a great deal since the cartel discovered it had a surprise rival emerging in a core market for its […]

Booting Up: Face of Facebook returns – Boston Herald

Mark Zuckerberg has always played the long game. And if he ever ascends to the highest office in the land, at least we’ll know that he’ll be thinking beyond an election. It’s telling that Zuckerberg’s favorite video game is “Civilization,” an enormously complicated strategy contest whose players aspire to build an empire that will stand […]

‘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 […]

Trump arrives at European Union Headquarters – AppsforPCdaily

Reportedly, Germany and France will formally agree to the plan during the talks attended by U.S. President Donald Trump, who arrived in Brussels on Wednesday. The meetings, which went on for longer than scheduled, comes at a time when the Europeans are trying to reach out to an unpredictable Mr. Trump, who has expressed scepticism […]

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 Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units […]

China’s Downgrade Could Lead to a Mountain of Debt – Bloomberg

China’s Downgrade Could Lead to a Mountain of Debt – Bloomberg

The downgrade of China’s debt by Moody’s Investors Service may push Chinese companies to borrow even more money from domestic banks as overseas debt becomes more expensive, increasing risks for the nation’s finance industry. With growing indebtedness at home, compounded by a slowing economy, there’s a risk of a “negative feedback loop,” said Khoon Goh, […]

Trump’s budget only works ‘if you believe in tooth fairies’ – Business Insider

Trump’s budget only works ‘if you believe in tooth fairies’ – Business Insider

Mark Wilson President Donald Trump rolled out his proposed budget for the 2018 fiscal year on Tuesday, and the reviews are already pouring in. Moving past the headline numbers — $1.7 trillion in spending cuts, massive reduction in the long-term for social safety net programs, and increased defense spending — many economists and political analysts observed that the […]

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