Tuesday, 14 March 2017

U.S. producer prices rise broadly in February

U.S. producer prices rise broadly in February

U.S. producer prices increased more than expected in February, and the year-on-year gain was the largest in nearly five years, pointing to a steady rise inflation pressures.
Read more: http://www.reuters.com/article/us-usa-economy-inflation-idUSKBN16L1GE?source=Snapzu

Yahoo CEO Marissa Mayer to get $23 million severance

Yahoo CEO Marissa Mayer to get $23 million severance

Marissa Mayer is about to lose her CEO job, but she's in for a nice consolation prize. Mayer is set to receive a $23 million severance package after Yahoo's sale to Verizon is completed, according to a company filing Monday. The golden parachute package comes on top of the more than $150 million Mayer received in salary and stock awards since joining the company in 2012.
Read more: http://www.wyff4.com/article/yahoo-ceo-marissa-mayer-to-get-dollar23-million-severance/9126088?source=Snapzu

Vibrator Maker To Pay Millions Over Claims It Secretly Tracked Use

Vibrator Maker To Pay Millions Over Claims It Secretly Tracked Use

The makers of the We-Vibe, a line of vibrators that can be paired with an app for remote-controlled use, have reached a $3.75 million class action settlement with users following allegations that the company was collecting data on when and how the sex toy was used.
Read more: http://www.npr.org/sections/thetwo-way/2017/03/14/520123490/vibrator-maker-to-pay-millions-over-claims-it-secretly-tracked-use?source=Snapzu

Amazon launched a fake radio station to promote ‘The Man in the High Castle.’ Angry Trump supporters thought it was real.

Amazon launched a fake radio station to promote ‘The Man in the High Castle.’ Angry Trump supporters thought it was real.

#ResistanceRadio, the campaign's sponsored hashtag, spread quickly on Twitter.
Read more: https://www.washingtonpost.com/news/morning-mix/wp/2017/03/13/amazon-launched-a-fake-radio-station-to-promote-the-man-in-the-high-castle-angry-trump-supporters-thought-it-was-real/?source=Snapzu

Too few earners being asked to carry the ever-increasing burden of financing the State

Too few earners being asked to carry the ever-increasing burden of financing the State

In the last few days, the Government has begun rolling out increases in social welfare payments for 1.3 million people. Payments, like the pension and the dole, are going up by €5 a week, in what will cost €301m. Increases for pensioners are justified on the basis that they have lived through periods of hyper inflation, punishing income tax rates and sky-high mortgage interest rates. It will help them to live with dignity and independence.
Read more: http://www.independent.ie/business/personal-finance/too-few-earners-being-asked-to-carry-the-everincreasing-burden-of-financing-the-state-35520958.html?source=Snapzu

The Populist Threat To Poland's Economy? It's Not What You Think

The Populist Threat To Poland's Economy? It's Not What You Think

If the Far Right Destroys Europe, This Country Has the Best Odds of Surviving. No, it's not Germany.
Read more: http://www.ozy.com/fast-forward/the-populist-threat-to-polands-economy-its-not-what-you-think/72452?source=Snapzu

Monday, 13 March 2017

Volkswagen pleads guilty over VW emissions

Volkswagen pleads guilty over VW emissions

Volkswagen has formally pleaded guilty to cheating the US government by using software to evade emission rules in nearly 600,000 diesel vehicles. The German automaker pleaded guilty to conspiracy, obstruction of justice and an import crime. Manfred Doess, VW general counsel, told a court in Detroit the company was “guilty on all three counts”. The deal with the Department of Justice (DoJ) was made weeks ago. VW agreed to pay a $4.3bn (£3.5bn) penalty, although the scandal has cost the company about $21bn.
Read more: http://www.independent.co.uk/news/business/news/volkswagen-pleads-guilty-evade-us-government-diesel-emissions-rules-600000-vehicles-software-a7623266.html?source=Snapzu