IKEA will produce more energy than it consumes by 2020
* Stories are summarized by an A.I.
* Companies mentioned: IKEA, Huawei, PYPL, DIS, FB, Thomas Cook, Saudi Aramco, BA, AMZN, Grab
IKEA will produce more energy than it consumes by 2020
IKEA | Engadget
The retailer expects to offer home solar panels in stores across all its markets in 2025. IKEA's timing isn't a coincidence. Like Google, Amazon and other companies, it's using both the Global Climate Strike and the UN's Climate Action Summit to build goodwill and avoid controversy. Instead of merely striving for neutrality, more companies might try to counter the effects of climate change. There's no guarantee they'll act in a timely fashion, but it might be more a question of "when" than "if."
Read More
Huawei Is Prepared To Add Google Services To Mate 30 'Over One Night' Once Ban Ends
002502 (Huawei Technology Company Ltd) | Tech Times
A high-ranking Huawei official announced that the company is prepared to add Google services to the Mate 30 as soon as the ban ends. Adding Google Services To Huawei Mate 30During the interview, Yu was asked whether Huawei was ready to bring back Google apps and services to its Mate 30 smartphones even via an over-the-air update. This means that the Huawei Mate 30 series doesn't have access to the Google Play Store, Gmail, or even YouTube. A Silver Lining For Mate 30 BuyersThe Huawei exec's comments could serve as a piece of good news for consumers, especially those who are already looking forward to buying the new Mate 30 Pro. The Huawei Mate 30 Pro is being offered for around $1,200.
Read More
PayPal Changes Seller Refund Fee Policy
PYPL (PayPal Holdings Inc.) | PYMNTS
PayPal has decided to once again collect a fee when a seller issues a refund. “Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In line with industry practice, and according to our updated policy, we do not charge fees to process refunds, but when a seller refunds a transaction to a buyer, the fees originally paid will not be returned to the seller. The policy change is going into effect beginning on Oct. 11, 2019.”“We believe that this policy change is in line with industry practice,” the spokesperson added. The policy change allows us to align more closely to our cost structure, to the policies of our payments partners and to industry practice.
Read More
Disney+ is now available for pre-order with a 7-day free trial
DIS (The Walt Disney Company) | The Verge
Those interested in Disney’s upcoming streaming service, Disney+, can sign up for the pre-order now. Disney is offering customers the option to sign up for a monthly subscription pass at $6.99 a month, or an annual fee of $69.99. All new Disney+ subscribers can sign up for the seven-day free trial. Some Disney+ subscription packages have already been offered to select Disney membership holders, including those who attended D23, the company’s biennial fan conference. Disney+ will launch with 25 original series and 10 original films within its first year.
Read More
Facebook Acquires Israeli Hybrid Chatbot Startup Servicefriend
FB (Facebook Inc) | PYMNTS
Israel-based hybrid chatbot startup Servicefriend was acquired by Facebook to build customer service bots for its planned digital wallet Calibra, reports said on Saturday (Sept. 21). Servicefriend was launched in 2015 by co-founders Ido Arad and Shahar Ben Ami to offer customer service using hybrid artificial intelligence (AI) bots. Facebook’s acquisition of Servicefriend is expected to help the social media giant roll out its cryptocurrency Libra in 2020. Startup Servicefriend builds bots to facilitate customer service using AI messaging apps. Nothing really worked as well as promised, and in some cases worked significantly worse than whatever services they aimed to replace.
Read More
Roughly 600,000 travelers are stranded around the world after British travel provider Thomas Cook declared bankruptcy.
Thomas Cook | Business Insider
Thomas Cook, a 178-year-old British travel company and airline, declared bankruptcy early Monday morning local time in the UK, suspending operations and leaving hundreds of thousands of British tourists stranded around the world. Around 600,000 Thomas Cook customers were reported to be traveling, of which were 150,000 British and were abroad, scheduled to fly home with Thomas Cook, according to reports. Thomas Cook Airlines' destinations included parts of mainland Europe, Africa, the US, the Caribbean, and the Middle East. However, government sources "had questioned the financial wisdom of stepping in to save the company," according to the BBC. Although Thomas Cook had managed to recover from a risk of insolvency in 2011, it continued to be held back by lingering debts.
Read More
Saudi switches crude grades, delays oil supplies to buyers in Asia
Saudi Aramco | Financial Post
SINGAPORE — State oil giant Saudi Aramco has switched crude grades and pushed back crude and oil products deliveries to customers by days after the attacks on its supply hub severely reduced its light oil production and led to output cuts at its refineries. Unipec, the trading arm of Asia’s largest refiner Sinopec , will lift Arab Heavy crude instead of Arab Light and Arab Extra Light onboard Very Large Crude Carriers (VLCCs) Caribbean Glory and Xin Lian Yang this month. VLCC Kalamos will also load Arab Heavy instead of mostly Arab Extra Light for Indian Oil Corp.IOC does not comment on commercial matters. Saudi Aramco is drawing down Arab Heavy crude from its inventories to replace oil grades, said an oil analyst who also declined to be named. The change in Saudi crude grades and loading delays are expected to continue in October despite a Saudi pledge to restore lost production by the end of September.
Read More
UPDATE 1-Indonesia finds design flaw, oversight lapses in 737 MAX crash -WSJ
BA (The Boeing Company) | Yahoo! Finance
(Adds FAA comment, NTSB declines comment; paragraphs 8-10)Sept 22 (Reuters) - Indonesian investigators have found that design and oversight lapses played a key role in the October crash of Boeing Co's 737 MAX jet that killed all 189 aboard, the Wall Street Journal said on Sunday. U.S. air crash investigators are readying to announce a handful of separate safety recommendations, from bolstering pilots' manual flying skills to boosting Federal Aviation Administration (FAA) vetting of new aircraft designs, the paper added. The NTSB declined to comment on the WSJ report but said it planned to release recommendations on the FAA's certification program sometime in September. The FAA welcomed the scrutiny from safety experts and looked forward to their findings, it said in a statement. "We continue to work with other international aviation safety regulators and will carefully consider all recommendations," it added.
Read More
Report: Rivals Funded Campaign To Battle Amazon
AMZN (Amazon.com Inc.) | PYMNTS
To criticize the business practices of Amazon approximately 18 months ago, a nonprofit dubbed the Free and Fair Markets Initiative (FFMI) rolled out a national campaign. Those reportedly include Walmart, Simon Property Group and Oracle, per unnamed sources “involved with and briefed on the project” WSJ reported. Walmart is competing in regard to retail sales with Amazon, Simon Property is working to keep shoppers that would rather buy from Amazon, and Oracle is fighting Amazon in a Pentagon cloud-computing contract. That marks the first time in four years Amazon has failed to beat its earnings forecast. However, the miss was largely attributed by Amazon to the cost increase incumbent on shifting a sizable part of the eCommerce retailer’s inventory from two-day Prime shipping to one-day Prime day shipping.
Read More
Grab Is Facing Off Against Tesla Taxis in Indonesia
Grab | Yahoo! Finance
Then came Uber, followed by Grab and Gojek, Southeast Asia’s answer to the revolutionary ride-hailing app. They reached an all-time high of 12,500 rupiah in January 2015, months after Blue Bird raised a modest $200 million from an initial public offering. Eventually, the plan is to have 2,000 of the zero-emission taxis from Tesla and Chinese maker BYD, she said. “We have a different business model and the company can take the risk instead of the individual,” she said. Right now, Blue Bird has facilities at its main office in Jakarta, while there’s one available at the city’s airport.
Read More
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* Companies mentioned: IKEA, Huawei, PYPL, DIS, FB, Thomas Cook, Saudi Aramco, BA, AMZN, Grab
IKEA will produce more energy than it consumes by 2020
IKEA | Engadget
The retailer expects to offer home solar panels in stores across all its markets in 2025. IKEA's timing isn't a coincidence. Like Google, Amazon and other companies, it's using both the Global Climate Strike and the UN's Climate Action Summit to build goodwill and avoid controversy. Instead of merely striving for neutrality, more companies might try to counter the effects of climate change. There's no guarantee they'll act in a timely fashion, but it might be more a question of "when" than "if."
Read More
Huawei Is Prepared To Add Google Services To Mate 30 'Over One Night' Once Ban Ends
002502 (Huawei Technology Company Ltd) | Tech Times
A high-ranking Huawei official announced that the company is prepared to add Google services to the Mate 30 as soon as the ban ends. Adding Google Services To Huawei Mate 30During the interview, Yu was asked whether Huawei was ready to bring back Google apps and services to its Mate 30 smartphones even via an over-the-air update. This means that the Huawei Mate 30 series doesn't have access to the Google Play Store, Gmail, or even YouTube. A Silver Lining For Mate 30 BuyersThe Huawei exec's comments could serve as a piece of good news for consumers, especially those who are already looking forward to buying the new Mate 30 Pro. The Huawei Mate 30 Pro is being offered for around $1,200.
Read More
PayPal Changes Seller Refund Fee Policy
PYPL (PayPal Holdings Inc.) | PYMNTS
PayPal has decided to once again collect a fee when a seller issues a refund. “Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In line with industry practice, and according to our updated policy, we do not charge fees to process refunds, but when a seller refunds a transaction to a buyer, the fees originally paid will not be returned to the seller. The policy change is going into effect beginning on Oct. 11, 2019.”“We believe that this policy change is in line with industry practice,” the spokesperson added. The policy change allows us to align more closely to our cost structure, to the policies of our payments partners and to industry practice.
Read More
Disney+ is now available for pre-order with a 7-day free trial
DIS (The Walt Disney Company) | The Verge
Those interested in Disney’s upcoming streaming service, Disney+, can sign up for the pre-order now. Disney is offering customers the option to sign up for a monthly subscription pass at $6.99 a month, or an annual fee of $69.99. All new Disney+ subscribers can sign up for the seven-day free trial. Some Disney+ subscription packages have already been offered to select Disney membership holders, including those who attended D23, the company’s biennial fan conference. Disney+ will launch with 25 original series and 10 original films within its first year.
Read More
Facebook Acquires Israeli Hybrid Chatbot Startup Servicefriend
FB (Facebook Inc) | PYMNTS
Israel-based hybrid chatbot startup Servicefriend was acquired by Facebook to build customer service bots for its planned digital wallet Calibra, reports said on Saturday (Sept. 21). Servicefriend was launched in 2015 by co-founders Ido Arad and Shahar Ben Ami to offer customer service using hybrid artificial intelligence (AI) bots. Facebook’s acquisition of Servicefriend is expected to help the social media giant roll out its cryptocurrency Libra in 2020. Startup Servicefriend builds bots to facilitate customer service using AI messaging apps. Nothing really worked as well as promised, and in some cases worked significantly worse than whatever services they aimed to replace.
Read More
Roughly 600,000 travelers are stranded around the world after British travel provider Thomas Cook declared bankruptcy.
Thomas Cook | Business Insider
Thomas Cook, a 178-year-old British travel company and airline, declared bankruptcy early Monday morning local time in the UK, suspending operations and leaving hundreds of thousands of British tourists stranded around the world. Around 600,000 Thomas Cook customers were reported to be traveling, of which were 150,000 British and were abroad, scheduled to fly home with Thomas Cook, according to reports. Thomas Cook Airlines' destinations included parts of mainland Europe, Africa, the US, the Caribbean, and the Middle East. However, government sources "had questioned the financial wisdom of stepping in to save the company," according to the BBC. Although Thomas Cook had managed to recover from a risk of insolvency in 2011, it continued to be held back by lingering debts.
Read More
Saudi switches crude grades, delays oil supplies to buyers in Asia
Saudi Aramco | Financial Post
SINGAPORE — State oil giant Saudi Aramco has switched crude grades and pushed back crude and oil products deliveries to customers by days after the attacks on its supply hub severely reduced its light oil production and led to output cuts at its refineries. Unipec, the trading arm of Asia’s largest refiner Sinopec , will lift Arab Heavy crude instead of Arab Light and Arab Extra Light onboard Very Large Crude Carriers (VLCCs) Caribbean Glory and Xin Lian Yang this month. VLCC Kalamos will also load Arab Heavy instead of mostly Arab Extra Light for Indian Oil Corp.IOC does not comment on commercial matters. Saudi Aramco is drawing down Arab Heavy crude from its inventories to replace oil grades, said an oil analyst who also declined to be named. The change in Saudi crude grades and loading delays are expected to continue in October despite a Saudi pledge to restore lost production by the end of September.
Read More
UPDATE 1-Indonesia finds design flaw, oversight lapses in 737 MAX crash -WSJ
BA (The Boeing Company) | Yahoo! Finance
(Adds FAA comment, NTSB declines comment; paragraphs 8-10)Sept 22 (Reuters) - Indonesian investigators have found that design and oversight lapses played a key role in the October crash of Boeing Co's 737 MAX jet that killed all 189 aboard, the Wall Street Journal said on Sunday. U.S. air crash investigators are readying to announce a handful of separate safety recommendations, from bolstering pilots' manual flying skills to boosting Federal Aviation Administration (FAA) vetting of new aircraft designs, the paper added. The NTSB declined to comment on the WSJ report but said it planned to release recommendations on the FAA's certification program sometime in September. The FAA welcomed the scrutiny from safety experts and looked forward to their findings, it said in a statement. "We continue to work with other international aviation safety regulators and will carefully consider all recommendations," it added.
Read More
Report: Rivals Funded Campaign To Battle Amazon
AMZN (Amazon.com Inc.) | PYMNTS
To criticize the business practices of Amazon approximately 18 months ago, a nonprofit dubbed the Free and Fair Markets Initiative (FFMI) rolled out a national campaign. Those reportedly include Walmart, Simon Property Group and Oracle, per unnamed sources “involved with and briefed on the project” WSJ reported. Walmart is competing in regard to retail sales with Amazon, Simon Property is working to keep shoppers that would rather buy from Amazon, and Oracle is fighting Amazon in a Pentagon cloud-computing contract. That marks the first time in four years Amazon has failed to beat its earnings forecast. However, the miss was largely attributed by Amazon to the cost increase incumbent on shifting a sizable part of the eCommerce retailer’s inventory from two-day Prime shipping to one-day Prime day shipping.
Read More
Grab Is Facing Off Against Tesla Taxis in Indonesia
Grab | Yahoo! Finance
Then came Uber, followed by Grab and Gojek, Southeast Asia’s answer to the revolutionary ride-hailing app. They reached an all-time high of 12,500 rupiah in January 2015, months after Blue Bird raised a modest $200 million from an initial public offering. Eventually, the plan is to have 2,000 of the zero-emission taxis from Tesla and Chinese maker BYD, she said. “We have a different business model and the company can take the risk instead of the individual,” she said. Right now, Blue Bird has facilities at its main office in Jakarta, while there’s one available at the city’s airport.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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