Thursday, 2 Jul 2020

Alberta Safeway union votes to strike as contract talks stall, hero pay removed

Amy McGrath Wins Democratic Senate Primary in Kentucky: AP

Washington (AP) — Amy McGrath wins Democratic Senate primary in Kentucky.

Stock Alert: Bloom Energy Spikes 30%

Shares of Bloom Energy Corporation (BE), which makes solid oxide fuel cells that produce electricity on-site are surging more than 30% Tuesday morning at $10.73. For the 52-week period, the stock has traded in the range of $2.44- $14.51.

Monday, Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, have signed a joint development agreement to design and develop fuel cell-powered ships.

SHI and Bloom Energy are working towards the next milestone in this development with a target to present the design to potential customers in 2022. Following commercialization, the two companies expect that the market for Bloom Energy Servers on SHI ships could grow to 300 megawatts annually.

“By signing this joint development agreement, SHI has a plan to develop eco-friendly ships that will lead the future of the industry,” said Mr. Haeki Jang, vice president of shipbuilding & drilling sales engineering at SHI. “Our goal is to replace all existing main engines and generator engines with these highly efficient solid oxide fuel cells to align with the International Maritime Organization’s 2030 and 2050 environmental targets.”

European Economics Preview: Eurozone Flash Inflation Data Due

Flash inflation from euro area and revised quarterly national accounts from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK revised quarterly GDP data for the first quarter. According to previous estimate, the economy shrank 2 percent sequentially, after staying flat in the previous three months.

In the meantime, import prices from Germany and GDP data from Denmark are due. Import prices are expected to decrease 7.2 percent on year in May, after falling 7.4 percent in April.

At 2.30 am ET, the Federal Statistical Office is slated to issue Swiss retail sales for May.

At 2.45 am ET, the French statistical office Insee publishes consumer spending for May and preliminary consumer prices figures for June. Harmonized inflation is expected to remain unchanged at 0.4 percent.

At 3.00 am ET, GDP data from Spain and the Czech Republic are due. Spain’s economy is forecast to contract 5.2 percent sequentially in the first quarter, as initially estimated, after expanding 0.4 percent in the fourth quarter.

At 5.00 am ET, Eurostat is set to release flash consumer prices for June. Economists expect euro area consumer price inflation to remain unchanged at 0.1 percent in June.

In the meantime, Italy’s Istat publishes preliminary consumer price data for June. The HICP is forecast to fall 0.3 percent on year in June.

Explosion in north Tehran with thick smoke: ISNA news agency

(Reuters) – An explosion has taken place in north Tehran, Iran’s ISNA news agency reported on Tuesday, without citing the reason for the blast or any additional information.

Video posted online by the agency showed thick black smoke rising into the evening sky.

Coronavirus: Alberta increasing outdoor gathering limit to 200

As the COVID-19 pandemic continues, Alberta has increased its outdoor gathering limit to 200 people.

In a release Tuesday, the province announced the change — which applies to specific events, including festivals, firework displays, rodeos, sporting events and outdoor performances.

Twitter To Give Employees Day Off To Vote In National Elections

Twitter will give nearly all of its U.S. employees Election Day off this year and in the years ahead, according to reports citing an email sent to Twitter employees.

Similarly, Twitter will give paid time off for employees around the world to vote in their national elections, the reports said.

For all other elections, if employees do not have enough time outside of working hours to vote, they should take the time they needs to do so and they will be compensated for the time off, Twitter reportedly said in the email.

Twitter reportedly said that employees responsible election-related work will continue to work on these days.

Last week, Twitter employees were given Juneteenth off as a company holiday. Juneteenth honors the end of slavery in the United States.

WATCH: Rockies vs. Pirates in MLB The Show 20, June 30, 2020 – The Denver Post

With the start of the Major League Baseball season postponed due to the coronavirus pandemic, we here at The Denver Post took a look at how the Rockies would fare in MLB The Show 20 on PlayStation 4. We will have a story for every game that had been scheduled until real-life baseball returns. Here’s a look at the virtual Rockies’ preseason preview. Entering Tuesday’s game, the Rockies were 55-29.

The Rockies and Pirates play the second of their three-game series on Monday. The live stream will begin at 3 p.m. MT.

Mobile users, if you can’t see the video, tap here.

Brazil's Guedes says he likes idea of a transactions tax

BRASILIA (Reuters) – Brazil’s Economy Minister Paulo Guedes said on Tuesday he is sympathetic to implementing a transactions tax as it is simple and can help keep value-added tax, or VAT, low.

Addressing a public congressional hearing via videoconference, Guedes said that tax and administrative reform proposals are ready and can be submitted to Congress as soon as lawmakers give the green light.

Alberta Safeway union votes to strike as contract talks stall, hero pay removed

Safeway workers in Alberta have voted in favour of a strike, according to the union that represents them.

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