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Q&A: Trump, the post office and Amazon

Q&A: Trump, the post office and Amazon

Technology
A task force will study the U.S. Postal Service under an executive order from President Donald Trump, who has spent weeks criticizing online retailer Amazon and accused it of not paying enough in shipping costs. The order doesn't mention Amazon by name, but Trump has tweeted that the company should pay the post office more for shipping its packages. "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed," he tweeted earlier this month. The U.S. Postal Service has indeed lost money for years, but package delivery has actually been a bright spot. Here's what you need to know about Trump's order, Amazon and the post office: Q: What does the executive order do? A: It creates a task force to look into the post ...
India Post Payments Bank will begin nationwide rollout in April

India Post Payments Bank will begin nationwide rollout in April

Finance
India Post Payments Bank will begin its nationwide rollout in April, the government said on Saturday, refuting reports of revised or delayed timelines. "India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018. No decision has been taken to revise the timelines as reported in some sections of the media," the government said in statement. "Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and Gramin Dak Sewaks (GDS)," the statement added. IPPB will also enable more than 17 crore active accoun...
Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Finance
Shutterstock photoTop Consumer StocksWMT, +0.28%MCD, -0.32%DIS, +1.1%CVS, +1.85%KO, -0.29%Consumer stocks were ending the regular session broadly split between winners and losers, with shares of consumer staples companies in the S&P 500 ( XLP ) rising about 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 ( XLY ) were riding a 1.4% advance.In industry news:Walmart ( WMT ) traded higher for the first time in three days Thursday after the company said it was increasing its starting wage to $ 11 per hour as well as giving eligible employees a one-time, $ 1,000 bonus and extending its maternity leave.Also today, growth in global auto sales is expected to slow during 2018 from their record-breaking pace seen in 2017, according to a new IHS Markit foreca...
Katie Price accused of snubbing working classes with 'scandalous' food post

Katie Price accused of snubbing working classes with 'scandalous' food post

Entertainment
INSTAGRAM / KATIE PRICEBACKLASH: Katie divided her Instagram followers yet againThe former glamour model has been criticised in the past for everything from her parenting to her love of plastic surgery and even her taste in interior design.And in a new Katie Price Instagram post, the Loose Women panellist set tongues wagging once again for all the wrong reasons.Sharing a picture of a sizeable pile of pre-prepared food, the mum-of-five gushed about the delights of not having to cook for herself."Soulmate Food looking after me on the run up to Christmas!" she wrote to her 1.7 million Instagram followers.Katie Price in pictures British television personality and glamour model, Katie Price in pictures. INSTARimages.com Katie Price's hottest pictures INSTAGRAM / ...
Israel Facebook: Mistranslated post creates security alert

Israel Facebook: Mistranslated post creates security alert

Technology
Israeli police arrested a Palestinian man last week after a Facebook post he made saying "good morning" in Arabic was mistranslated to read "attack them" in Hebrew, local media have reported. Police confirmed that the construction worker was briefly held under suspicion of incitement but was released as soon as the mistake was realised. The post showed a photo of the worker next to a bulldozer in the West Bank. Such vehicles have been used to attack Israelis in the past.There is only one difference in lettering between the colloquial Arabic phrase for "good morning to you all" and "hurt them", pointed out The Times of Israel. No Arabic-speaking officer was consulted before the arrest was carried out, say reports, with officers wholly dependent on Facebook's automatic translation.The post i...