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Business News

11 Interesting Examples of How to Use Chatbots

5/30/2017

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11 Interesting Examples of How to Use Chatbots

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Want to order pizza, schedule a meeting, or even find your true love?

There's a chatbot for that.

Just as apps once were the hot new thing that would solve whatever problem you had back in 2009, now we're moving into the age of chatbots.

Chatbots make life even easier for consumers. With chatbots, there's no more long waits on hold to talk to a person on the phone or going through multiple steps to research and complete a purchase on websites.

Millions of people already get it. They're using chatbots to contact retailers, get recommendations, complete purchases, and much more.

Adoption of chatbots is increasing. People are discovering the benefits of chatbots.

All of this is good news for entrepreneurs and businesses because pretty much any website or app can be turned into a bot.

Now is the perfect time to hop on the bandwagon. Even I've jumped on the bandwagon with my new startup.

What's so great about chatbots?

Check out these 11 interesting examples of ways you can use chatbots right now.

1. Order Pizza

It's ridiculously easy to order pizza with the help of chatbots. You can order by texting, tweeting, voice, or even from your car.

Domino's was one of the early adopters of chatbots. Today, Domino's lets you easily build a new pizza (or reorder your favorite pizza) and track your order all from Facebook Messenger.

2. Product Suggestions

Many consumers know they want to buy some shoes, but might not have a particular item in mind. You can use chatbots to offer product suggestions based on what they want (color, style, brand, etc.)

It's not just shoes. You can replace "shoes" with any other item. It could be clothes, groceries, flowers, a book, or a movie. Basically, any product you can think of.

For example, tell H&M's Kik chatbot about a piece of clothing you have and they'll build an outfit for you.

3. Customer Support

Last year, brands including AirBnB, Evernote, and Spotify started using chatbots on Twitter to provide 24/7 customer service.

The goal of these customer support chatbots is to quickly provide answers and address customer complaints, or simply track the status of an order.

4. Weather

There are numerous weather bots to choose from. Most are pretty basic, though a few are designed to be a bit more fun.

You can use these to ask about the current conditions in your area and find out whether you should bring the umbrella before you leave for work. Some bots allow you to set regular reminders for a certain time of day.

5. Personal Finance Assistance

Chatbots make it easy to make trades, get notifications about stock market trends, track your personal finances, or even get help finding a mortgage.

Banks have created chatbots to let you check in on your account, such as your current balance and most recent transactions. And there are tax bots that help you track your business and deductible expenses.

6. Schedule a Meeting

With so many schedules to juggle, setting up meetings can be a pain. Unless you let a chatbot do the work for you.

Meekan is one such example. Simpy request a new meeting and this Slack chatbot will look at everyone's calendars to find times when everyone is available.

7. Search for & Track Flights

You can use chatbots to get some vacation inspiration. Others will let you search for and compare flights based on price and location. Kayak's chatbot even lets you book your flights and hotels entirely from inside Facebook Messenger.

Once you're all booked, there are other chatbots that will let you track current flights, wait times, delays, and more.

8. News

Chatbots help you stay up to date on the news or topics that matters to you.

You can get the latest headlines from mainstream media sources like CNN, Fox News, or the Guardian. Or you can get the latest tech headlines from TechCrunch or Engadget.

9. Find Love

A match made by chatbots? It could happen.

Instead of swiping left or right on an app, you could use Foxsy. This Messenger bot promises to help you find a "beautiful and meaningful connection with the right person."

10. Send Money

You can easily send payments to your team or friends with chatbots. All you have to do to send money on the Slack PayPal account is type /paypal send $X to @username.

That's it. Crazy simple, right?

11. Find a Restaurant

Where do you want to eat tonight? Not sure? Ask a chatbot.

Much like the product recommendation chatbots, restaurant chatbots can provide recommendations based on cuisine, location, and price range. Some chatbots will even make reservations for you or take your order online.

Summary

These are just 11 examples of how businesses are already using chatbots. There are nearly limitless possibilities for what can be done with chatbots. So don't miss out on this huge opportunity to help, engage, or sell to your customers.





Business

via Inc.com https://www.inc.com/

May 29, 2017 at 09:09PM
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Your Startup Has People Problems? Play The "No Blame" Game

5/30/2017

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Your Startup Has People Problems?  Play The "No Blame" Game

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A friend of mine has started up a sweet technology company all by himself. He's launched a few projects and soon expects serious university and corporate collaborations. In a sign of imminent success, he recently hired an engineer to write the grants.

Except it is not working that way. The engineer, a young man who comes from a prestigious background, is all over the place. Literally. As in, making appointments at the university, critiquing the corporate partners, attending meetings to which he was not invited.

My friend, the owner, has tried only one tactic: pleading. As in, "Please, I asked you not to interfere in outside projects!"

Underneath this, I suspect, the engineer harbors a profound immaturity that will be hard to deal with. But we must try.

It is almost as if the young man is looking for some sort of personal show-down. He just continues to walk outside the lines.

Wait a minute--here's a serious question: What lines? As tempting as it might be to wring the engineer's neck, perhaps it is easier at this point to blame the process, rather than the people.

The Blame Name

So what process can we blame?

It turns out, as I asked my friend what procedures he's used to control employee behavior, the answer is: none.

No job description. ("He knows what he has to do")

No quarterly goals. ("Build grant revenue. What else?")

No update meetings ("For two of us plus a couple of subcontractors?)

(This is without stating what is by now painfully obvious: thoughtless hiring never works out.)

Execution Needs

Here's how I would answer my friend's questions:

1. Write a simple job description.

Many people hate this phrase. OK, then call it a job expectation. What will your employee do on a day to day basis? (And, speaking of bright lines, what will he not do?) How will he report his progress formally and informally?

Discuss the job description with the engineer, and hand it to him in writing with due formality.

2. No goals? Then everything is good, right?

Oh, I see. Everything is not good, because you have not articulated, discussed and agreed on specific goals. What relationships will he foster? How many grants, yielding how much revenue? How many prospects?

Discuss the quarterly goals with the engineer, and hand it to him in writing with due formality.

3. No staff update meetings?

Let me get this straight. You have put your life into this venture, and you are not interested in learning how it is growing on a daily basis? Or how you can put your personal stamp on it?

Have a daily update meeting--the meeting itself can be informal, but the fact that your are having a daily meetup should be impressed--you got it--with due formality.

The Reaction

My purely technical reaction to my friend is: You're killin' me, Smalls. You are not using process tools to manage personality.

Which tools? I refer you to exhibits One through Three above.

These work as management tools because they help create clear expectations, clear deliverables and clear outcomes. If or when our people don't comply, the tools--and not precious brain space or risky personal conflict--provide the signal that something is wrong, and a clear indication of appropriate corrective action.

Remember that it is hard to manage personality with personality. That is, responding to a non-compliant person with a general coaching response ("please change") is not going to work. Much better to use a process that indicates what behaviors have to change, by whom, and by when.





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via Inc.com https://www.inc.com/

May 29, 2017 at 09:09PM
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Exactly What To Wear For Your First Job Interview

5/30/2017

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Exactly What To Wear For Your First Job Interview

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If you’re a recent grad, the amount of prep for your first big job interview can be nerve-racking. And after studying up on the company and practicing potential answers to possible interview questions, what you are going to wear is probably low on your list. Your parent’s platitudes about dressing for the job you want are woefully nonspecific, and wearing the wrong thing can mean losing the job before you open your mouth.

So we asked Nicole Russo, a personal stylist ‎who works with a number of clients in the tech industry in New York City, to tell us what a jobseeker can wear to an interview to nudge the odds–especially if their only previous experience is internships. She even selected a few images from Instagram to illustrate the looks she recommends.

Hacking The Snap Judgment

“Sometimes confidence is the biggest power move you have,” Russo says, thinking back to the time she landed her first styling gig with very little experience. In order to look the part, Russo says putting effort and care in your choice of clothing can signal confidence and assuredness as opposed to indifference. “Not knowing how to pull yourself together comes across as incompetent,” Russo says.

Fit, Fabrics, And Fabulousness

That’s why she recommends making sure that whatever you select fits really well, is clean, and not wrinkled. If possible, garments should be made of silk, wool, leather, or other natural fibers. If you lean toward vegan leather for bags and shoes, Russo advises to take a good look at the construction and make sure it’s quality. “Nothing in a bright color,” she cautions, “especially if it’s not finely made.” Overall, Russo suggests taking a good, hard look at all your accessories like belts, watches, or other jewelry. “If they look plastic to you, they probably look plastic to everyone,” she observes.

Color Coding

As for clothing colors, Russo says “keep it simple.” Black, gray, or navy are fail-safe choices. “You will never go wrong with a shirt or blouse in a classic color palette,” she points out. A 2014 study by Harris Interactive for CareerBuilder bears this out. Interviewers associated positive personality traits with those colors.  For example, black signaled leadership, blue was for team players, and gray was associated with logic and analytical behavior. Bright colors should be avoided, as Russo says. A quarter of hiring managers associated orange with lack of professionalism.

Changing Up Your Look

If you get called back for a second or third round of interviews, Russo says make sure you’re not repeating outfits exactly. “A lot of people worry they don’t have money,” to buy multiple ensembles. Russo suggests making sure you have two pairs of pants and three shirts to switch around. “Take advantage of sales and consignment shops,” she advises, where you can find better quality pieces at discount. “You want to feel like you are showing up as the same person with the same skills, but slightly different,” she says. Each appearance is an opportunity to “reveal another part of the onion,” Russo suggests.”People do pay attention to little details.”

Revealing Your Personality

Russo does recognize that a job in a creative environment might call for a splash of personality conveyed through sartorial choice. That’s why she loves leather jackets. “If you are a little overdressed, a leather jacket can calm it down,” she notes. If you’re too casual, a leather blazer can elevate the look. “It’s almost a year-round piece,” Russo asserts.

She also mentions that while it’s more appropriate for candidates to let a tattoo or piercings show in more creative workplaces, “Just think about your market,” she underscores. Finance and law have more buttoned-up cultures as a general rule.

“I don’t believe in hiding,” she says, especially as workplaces move toward more equality, openness, and self-expression. Rather than risk getting eliminated because of tribal tattoos,” Russo contends that candidates need to remember who and where they want to work. Given the wealth of information available about companies online, especially through social media, Russo says there’s no excuse for showing up to an interview in something that clashes with a company’s existing office culture.

Cracking The Office Dress Code

Russo has a little hack for figuring out what people in a company dress like before you get hired.”Find people who work there,” she advises, and search their social media for work-related events. Russo says it’s also helpful to search from hashtags. She once found one for a company holiday party on Instagram. “You got a taste of how everyone was dressing,” she says, “A Christmas party is the most risqué people ever get.”

If you’re still unsure of what to wear, Russo suggests taking advantage of working with a store salesperson. They’re usually not on commission and just love to help, says Russo, recalling her own experience in that job. Above all, Russo says, err on the side of caution. “It’s just like a date. You want to put your best face forward and you don’t want to hide who you are,” she says. “With the best fit and fabric, you’ll feel your best.”





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May 29, 2017 at 09:05PM
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The Bank of England studied Dr. Seuss books to make its writing clearer and more accessible

5/30/2017

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The Bank of England studied Dr. Seuss books to make its writing clearer and more accessible

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The Cat In The Hat, bookAmazon

LONDON – Staff at the Bank of England studied the writing style of Dr. Seuss as part of a push to make its communications more easily understood by the general public.

The central bank analysed the children's author after finding that just one in five people could read and understand its inflation report, Minouche Shafik, the former deputy governor for markets at the central bank, said at the Hay Festival on Sunday.

"Dr. Seuss was a master at using simple language, at getting children to read," Shafik, speaking on role of experts in policy making, said.

Technocratic institutions such as central banks are struggling with a wave of political populism, which favours policy-making based on emotions rather than evidence, Shafik said.

Shafik said that economists often fail to engage with politicians and the public because of their dry, logical manner, and should do more to tell stories. "Most experts need to challenge themselves," said Shafik, "they must maintain quality standards and also embrace uncertainty."

The Bank of England's push to make itself understood comes as a similar initiative by the World Bank's chief economist, Paul Romer, ended in him stepping down as manager of its research department.

Romer told staff of the Development Economics Group to write more clearly and succinctly, limiting the use of the word "and."

Romer said that “everyone in the Bank should work toward producing prose that is clear and concise. This will save time and effort for a reader," in remarks reported by The Guardian. "Thinking about the reader is an example of what I mean when I say that we should develop our sense of empathy,” he said.

But the 600 economists in the division, the budget of which Romer had already cut by $1 million, resisted the changes and he will be replaced as its head by Kristalina Georgieva in July, according to Bloomberg News.

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May 29, 2017 at 08:39PM
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World's Largest Automakers: Renault-Nissan Outranks Volkswagen Could Pass #1 Toyota

5/30/2017

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World's Largest Automakers: Renault-Nissan Outranks Volkswagen, Could Pass #1 Toyota

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Toyota and Renault-Nissan pull away from 23rd-ranked Volkswagen

Industry data

Toyota and Renault-Nissan pull away from 3rd-ranked Volkswagen

The times, they are a changing: Last year, Volkswagen Group kicked perennial front-runner Toyota from the top spot. A few months later, world domination has fizzled, and Volkswagen finds itself in the number three position. Even more embarrassing for Volkswagen, come-from-behind Renault-Nissan Alliance is the second-largest global automaker, with Toyota firmly back on top.

Four months into the year, Toyota Group is up 7.8% with 3.53 million units produced so far. The Renault-Nissan Alliance is not much behind with 3.47 million units, up 7.4%. 3rd-ranking Volkswagen Group delivered 3.4 million units from January through April, and its sales are down 0.7% compared to the first four months in 2016. All of this according to data release by the respective automakers.

Nearly 200,000 units behind Toyota, for Volkswagen to regain the lead once this year is over would need a miracle -- or a catastrophe for the OEMs in front. Surprisingly, Toyota is not so safe at all from being surpassed by the Renault-Nissan Alliance. As the table shows, the two groups are separated only by a slim rounding error, and both are good for some 10.5 million by the end of the year.

This view is based on data provided by the automakers. But what about numbers that really count, true registrations by paying customers? JATO Dynamics is busy compiling the Global Top Ten based on registrations, and we hope to have that list some time next week.

Note: This analysis tracks production, not sales, because this is how the world automaker umbrella organization OICA ranks automakers. Due to the different methodologies of their measurement, “sales” numbers have proven to be unreliable, and prone to ‘sales reporting abuses,” as recent scandals in the U.S., along with rampant “self-registrations” in the EU have shown.

Toyota reports both sales and production, this takes production. Volkswagen reports “deliveries” to wholesale – which is, at least for this exercise, close enough to production. The Alliance numbers are a blend of production data reported by Nissan and Mitsubishi, and deliveries reported by Renault.

 

Follow @bertelschmitt, the "lone voice telling the real story behind the ridiculous," according to @LynnCSchreiber, the "lobbyist of the Old World," according to @Dusssssss3.





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May 29, 2017 at 08:26PM
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British Airways vows to ensure no repeat of IT failure that caused global flights disruption

5/30/2017

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British Airways vows to ensure no repeat of IT failure that caused global flights disruption

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(Reuters) — British Airways (BA) said it would take steps to ensure there was no repeat of a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster.

BA had been forced to cancel all its flights from Heathrow, Europe’s busiest airport, and Gatwick on Saturday after a power supply problem disrupted its operations worldwide and also hit its call centers and website.

The airline was returning to normal on Monday, planning to run more than 95 percent of flights from London Heathrow and Gatwick, with only a handful of short-haul flights canceled.

BA Chief Executive Alex Cruz said the root of the problem, which also affected passengers trying to fly into Britain, had been a power surge on Saturday morning which hit BA’s flight, baggage and communication systems. It was so strong it also rendered the back-up systems ineffective, he said.

“Once the disruption is over, we will carry out an exhaustive investigation into what caused this incident, and take measures to ensure it never happens again,” Cruz said.

Over the weekend, some stranded passengers curled up under blankets on the floor or slumped on luggage trolleys, images that played prominently online and in newspapers.

“Apologizes all well and good but not enough. BA has lost another loyal customer #disgraceful,” tweeted Tom Callway, who had been due to fly to Budapest.

The company was left counting the cost of the disruption, both in terms of a one-off impact to its profit and the longer term damage to its reputation.

Spanish-listed shares of parent company IAG, which also owns carriers Iberia, Aer Lingus and Vueling, dropped 2.8 percent on Monday after the outage. The London-listed shares did not trade because of a public holiday.

Flight compensation website Flightright.com said that with around 800 flights canceled at Gatwick and Heathrow on Saturday and Sunday, BA was looking at having to pay around 61 million euros ($68 million) in compensation under EU rules. That does not include the cost of reimbursing customers for hotel stays.

BA would fully honor its compensation obligations, Cruz said. Of the 75,000 passengers who missed out on flights, around two-thirds would have been flown to their destinations by the end of Monday, he added.

Cost cutting

BA has been cutting costs to respond to competition on short-haul routes from Ryanair and easyJet and recently faced criticism for starting to charge passengers for their in-flight snacks.

Ireland’s Ryanair was quick to seize on the marketing opportunity, tweeting “Should have flown Ryanair” with a picture of the ‘Computer says no’ sketch from the TV series “Little Britain” to poke fun at BA.

Ryanair said it had seen a spike in bookings over the weekend but gave no further details.

The GMB union said that BA’s IT systems had shortcomings after they made a number of staff redundant and shifted their work to India in 2016.

“This could have all been avoided. BA in 2016 made hundreds of dedicated and loyal IT staff redundant and outsourced the work to India,” Mick Rix, GMB National Officer for Aviation, said.

Cruz rejected the union criticism.

“They’ve all been local issues around a local data center, which has been managed and fixed by local resources,” he told Sky News.

Several passengers complained about a lack of information from BA staff at the airport. Others said their luggage had been lost.

The airline said it was working to get reunite passengers with their luggage after many items were left at Heathrow over the weekend, although staff on Twitter warned this “could take some time”.

While other airlines have been hit by computer problems, the scale and length of BA’s troubles were unusual.

Delta Air Lines Inc canceled thousands of flights and delayed many others last August after an outage hit its computer systems.

Last month, Germany’s Lufthansa and Air France suffered a global system outage which briefly prevented them from boarding passengers.

(Reporting by Alistair Smout; Additional reporting by Victoria Bryan in Berlin, Costas Pitas in London and Ismail Shakil in Bengaluru; Editing by Keith Weir)





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via VentureBeat https://venturebeat.com

May 29, 2017 at 08:13PM
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France is upping the stakes in the battle for London's 930 billion a day clearing business

5/30/2017

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France is upping the stakes in the battle for London's €930 billion a day clearing business

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La DefenseReuters/Christian Hartmann

LONDON — One of the most senior officials in European central banking has staked France's claim to attract the lucrative euro clearing business after Brexit, saying he can't see how operations can be allowed to stay in the UK once it has left the EU.

"Euro clearing operations should be based where euro-system supervision can be exercised. After Brexit, we don’t see how this could be in London, François Villeroy de Galhau, governor of the Banque de France said on Monday according to a report from The Times.

Villeroy de Galhau, who sits on the governing council of the European Central Bank, also said that in recent weeks he has had "numerous and serious contacts" with bankers and other financiers looking to shift operations from London to France once Brexit begins in earnest.

He spoke just as the battle to attract clearing houses from London to continental Europe heats up following news in recent weeks that the European Commission is working on a means of stripping clearing from the UK.

Clearing houses in London manage counterparty credit risk, acting as a middle-man in swaps and derivatives trades to guarantee the contract in the event that one of the parties involved in the trade goes bust.

The acceptance of English law and widespread use of English language has made London a hub for clearing globally, and it handles more than 70% of the daily euro clearing business, equivalent to around €930 billion (£792 billion, $995 billion) of trades per day, according to a House of Lords report.

However, eurozone financial bigwigs have consistently argued that euro clearing should take place within the euro area, and Britain has repeatedly had to defend its right to clear trades, given that it does not have the euro. In 2015, the UK won a court battle to continue clearing in London.

Those cries have intensified since last June, with influential politicians from individual EU countries and the European Commission repeatedly calling for clearing operations to be moved to continental Europe.

While EU politicians and central bankers are fighting to force clearing from London, last week Xavier Rolet, chief executive of the London Stock Exchange warned that doing so could cost investors up to €100 billion in the long run.

"London clears 18 major currencies and these multi-currency netting efficiencies meant LCH saved its customers $21 billion in capital last year. Strip out euro clearing and you lose these efficiencies, potentially increasing cumulative trading costs by €100 billion over five years," he wrote in the Times.

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May 29, 2017 at 08:03PM
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British Airways is restarting its full flight schedule but shares are crashing and IT glitch could cost it 100 million

5/30/2017

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British Airways is restarting its full flight schedule — but shares are crashing and IT glitch could cost it £100 million

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People queue with their luggage for the British Airways check-in desk at Gatwick Airport in southern England, Britain, May 28, 2017.REUTERS/Hannah McKay

LONDON — British Airways' flights are set to return to their normal schedule on Tuesday, following an IT glitch over the long weekend that saw thousands of people stranded around the world.

BA said in a statement on its website late on Monday evening: "Our IT systems are now back up and running and we will be operating a full flight schedule at Heathrow and Gatwick on Tuesday 30 May."

BA was hit by an IT problem over the bank holiday weekend, which meant 75,000 people around the world faced disruption to their flights. Thousands were left stranded in airports around the world.

Shares in BA's parent company, International Consolidated Airlines Group (IAG), fell 2.7% in Madrid on Monday and crashed over 4% at the open in London on Tuesday. After five minutes of trading on the London Stock Exchange, IAG shares are down over 3%:IAGInvesting.com

Kathleen Brooks, research director at City Index, says: "Even if you give BA the benefit of the doubt it still looks bad — if their systems are not strong enough to withstand a power surge, then this sort of thing could happen again, which could add downward pressure to the IAG stock price."

Explaining the disaster over the weekend, CEO Alex Cruz told the BBC: "There was a power surge and there was a back-up system, which did not work at that particular point in time."

Cruz has faced calls to resign over the IT glitch, which has been blamed on cost cutting that led to IT services being outsourced to India last year. However, Cruz told the BBC: "I don’t think it would make much of use [sic] for me to resign."

James Walker, chief executive of free flights compensation claim site Resolver, told the Guardian over the weekend that the compensation bill to affected customers will likely be more than £100 million. Customers are entitled to compensation under EU law if their flights are delayed by at least 3 hours for reasons within an airline's control.

Walker told the Guardian: "The computer system breaking down is within its control. BA is going to have to pay out and it looks like its costs will be north of £100 million."

BA said in its statement late on Monday evening: "We are extremely sorry for the frustration and inconvenience customers experienced over the Bank Holiday weekend and thank them for their patience and understanding.

"We are continuing to work to get delayed bags to customers as quickly as possible."

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May 29, 2017 at 07:39PM
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The 10 most important things in the world right now

5/30/2017

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The 10 most important things in the world right now

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Boy Scouts of America Memorial Day ParadeREUTERS/Shannon Stapleton

Hello! Here's what you need to know on Tuesday.

1. British Prime Minister Theresa May is willing to leave the EU without a Brexit deal. During the UK general election debate, May said, "No deal is better than a bad deal."

2. Police in the UK have arrested a 16th person in connection with Manchester attack. The 23-year-old man was arrested in Sussex "on suspicion on offences contrary to the terrorism act."

3. Britain's Home Secretary Amber Rudd has told Germany: "You can still depend on the UK after Brexit." On Sunday German Chancellor Angela Merkel distanced herself from the US and UK by saying the EU had to "fight for its own destiny."

4. French President Emmanuel Macron leveled an attack on Russian media outlets while President Vladimir Putin by standing by his side. Macron was at a joint news conference with Putin in Paris when he said Russia Today and Sputnik "behaved as organs of influence, propaganda, and false propaganda." He said the pair had spoken mistruths about him and his election campaign.

5. North Korea is set to make "to send a bigger 'gift package' to the Yankees." North Korean leader Kim Jong Un made the statement following the launch of another ballistic missile yesterday. It was the third in as many weeks. It is part of the North's plan to develop more powerful weapons to defend itself against the United States.

6. US Senator John McCain says Putin is a bigger threat to global security than ISIS. He also warned that the Senate would push for sanctions against Moscow for its alleged interference in the recent presidential election.

7. Eleven people have died after a severe thunderstorm hit Moscow. It was the deadliest storm to hit the city in more than 100 years.

8. British Airways is now operating a full flight schedule after an IT failure saw the airline cancel thousands of flights. In the most recent communication from the airline it said: "Our IT systems are now back up and running and we will be operating a full flight schedule at Heathrow and Gatwick on Tuesday 30 May."

9. Burger King has a started an uproar in Belgium by asking who is the true king in new ad. The US fast-food giant is set to launch in Belgium next month.

10. A zookeeper was killed by a tiger in a "freak accident" at an English zoo. The woman was killed by the animal at Hamerton Zoo in the county of Cambridgeshire, about 80 miles north of London. Police said the "incident is not believed to be suspicious."

And finally …

An Australian tech journalist threw away $4.8 million in bitcoin.

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May 29, 2017 at 07:39PM
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Former RBS CEO Fred Goodwin looks set to avoid a big day in court

5/30/2017

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Former RBS CEO Fred Goodwin looks set to avoid a big day in court

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RBS former Chairman Tom McKillop (L) and ex-CEO Fred Goodwin arrive for the RBS shareholders meeting in Edinburgh, Scotland November 20, 2008.Reuters

LONDON – Fred Goodwin, the former CEO of Royal Bank of Scotland, will likely avoid cross-examination in court after a group representing investors and former employees agreed to settle its dispute with the bank.

 "As you may be aware from recent press reports, the Bank has made an increased and improved settlement offer which the Board of the Action Group has decided to accept," the RBS Shareholder Action Group said in a statement on its website.

"We have sent a written update to the retail membership setting out the reasons for that decision," the group said.

The dispute, which would have seen former CEO Fred Goodwin make his first public appearance in eight years as a witness on June 8 and 9, has been active for years.

The group of investors and former employees, which has thousands of members, started its lawsuit in 2013 against RBS and former RBS executives Fred Goodwin, Tom McKillop, Johnny Cameron, and Guy Whittaker. It accused RBS and the former executives of "misrepresenting the underlying strength of the bank and omitting critical information from the 2008 Rights Issue prospectus."

The bank, which is still majority state-owned, doubled a settlement offer earlier this month, proposing an 82 pence-per-share settlement to the claimants, or around £200 million in total. This is more than double a previous offer of 40p-per-share.

The case was due to be heard in court on May 22, and last 14 weeks, but was adjourned three times until June 7, to give more time for last-ditch settlement talks.

The judge presiding over the case, Mr Justice Hildyard, said it was "an exceptional case with exceptional logistical problems," according to a report by BBC News. 

"We must have certainty one way or the other. The court must know whether the matter is to proceed or not." 

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May 29, 2017 at 07:39PM
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