Economy

Economy Flags at half-staff for former President
Author: 0 Flags at half-staff for former President

For those who want to pay their respects, the Bush family requested that donations be made to the Bush School of Government and Public Service at Texas A&M University to "help ensure that President Bush's legacy of public service with integrity is perpetuated".

Economy Huawei CFO arrest: 5 things to know about China's Huawei
Author: 0 Huawei CFO arrest: 5 things to know about China's Huawei

James Lewis, the director of technology policy at the Center for Strategic and International Studies, told Axios the USA should be prepared for a backlash and warned American tech executives to steer clear of China for now. Huawei has managed to achieve significant global market share despite the fact that it is largely shut out of the American market. Chinese technology has been a particular bugbear for the USA president, who has justified imposing tariffs on Chinese imports with ...

Economy Oil prices slide as Trump urges OPEC not to cut supply
Author: 0 Oil prices slide as Trump urges OPEC not to cut supply

Russia's TASS news agency quoted an OPEC source as saying OPEC and its allies were discussing the idea of cutting output next year by reverting to production quotas agreed in 2016. On Thursday, Brent futures fell more than 2 percent as traders began to doubt OPEC would deliver a significant cut. Russia, Saudi Arabia and the United States have been vying for the position of top crude producer in recent years.

Economy Monetary policy review: RBI keeps repo rate unchanged at 6.5%
Author: 0 Monetary policy review: RBI keeps repo rate unchanged at 6.5%

RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2 per cent. On balance, the MPC was of the view that incoming data will help ascertain the durable nature of the recent inflation softening and allow better judgment on future policy action.

Economy Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers
Author: 0 Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers

Fire-sale prices have led to concerns the oilpatch will have to find savings elsewhere in the coming weeks and months by slashing capital spending or jobs. coast, is now in legal limbo despite being approved two years ago as Ottawa revisits the impacts on First Nations and B.C.'s marine environment. Alberta needs new pipelines to expand its export options for its growing oil sands production.

Economy United States of America and China stopped their war for three months
Author: 0 United States of America and China stopped their war for three months

The tweet indicates Beijing made a concession to Washington to try to resolve their trade friction during talks between Trump and Chinese President Xi Jinping on the fringes of the Group of 20 summit in Buenos Aires over the weekend. "Neither side got their maximum demands and it's not the first time in U.S". The two nations have been locked in the trade war since March when Trump imposed tariffs on metal imports from several countries, including United States longtime allies.

Economy Ted Baker investigates `forced hugging´ claims
Author: 0 Ted Baker investigates `forced hugging´ claims

The company said: 'Ray greets many people he meets with a hug, be it a shareholder, investor, supplier, partner customer or colleague'. "Accordingly, they and the board take these concerns very seriously and the board has directed a thorough and urgent independent external investigation carried out into these matters".

Economy 12 million pounds of beef recalled for salmonella concerns
Author: 0 12 million pounds of beef recalled for salmonella concerns

An Arizona company is expanding the scope of its recall of raw beef that could be contaminated with salmonella , federal officials said Tuesday. All product supplied from JBS packaging facility in Tolleson, AZ. FSIS is concerned that some product may be frozen and in consumers' freezers. They usually last between four to seven days. Salmonella symptoms include diarrhea, abdominal cramps and fever.

Economy Secretary Mnuchin expresses confidence on trade negotiations with China
Author: 0 Secretary Mnuchin expresses confidence on trade negotiations with China

Trump addressed one of the concerns by indicating he would not be opposed to extending the 90-day truce. China was already hit with $50 billion worth of tariffs earlier this year. But if not remember, I am a Tariff Man ", he tweeted on Tuesday. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so.

Economy Trump Reconsiders Qualcomm-NXP Deal Despite Qualcomm’s Intention to Walk Away
Author: 0 Trump Reconsiders Qualcomm-NXP Deal Despite Qualcomm’s Intention to Walk Away

Acquisitions of USA companies by Chinese companies, on the other hand, have been few and far between in the previous year, after the Committee on Foreign Investment in the United States (CFIUS), a government panel that scrutinizes deals for potential national security risks, shot down more of these deals, such as Ant Financial's plan to acquire U.S.

Economy Hackers breach Quora.com and steal password data for 100 million users
Author: 0 Hackers breach Quora.com and steal password data for 100 million users

Question-and-answer website Quora said on Monday (Dec 3) its user data had been compromised, with about 100 million users affected by the security breach. Quora also said it's retained a digital forensics team to investigate the breach and notified law enforcement officials. Users who chose the same password to protect accounts on a different service should immediately reset those passwords as well.

Economy Trump will terminate NAFTA to press Dems into approving new trade deal
Author: 0 Trump will terminate NAFTA to press Dems into approving new trade deal

NAFTA allows any country to formally withdraw with six months notice. Trump, Prime Minister Justin Trudeau and former Mexican president Enrique Pena Nieto signed the new U.S. Sen. Pat Toomey (R-Penn.) has said that he thinks the new deal is a step back from NAFTA, and that before he could support it, it would need to get a "few tweaks that move it in the direction of a more pro-trade agreement".

Economy Boy wonder: Seven-year-old earns £17m reviewing toys on YouTube
Author: 0 Boy wonder: Seven-year-old earns £17m reviewing toys on YouTube

While his income has doubled in the a year ago, it is expected to rise sharply again after he began selling an exclusive range of toys and clothing with USA supermarket Walmart. Jake Paul's brother Logan meanwhile, dropped to 10th place in the rankings. But he still earned nearly $20m, three million more than in 2017. Forbes measured pre-tax earnings from June 1 2017 to June 1 2018, without fees for agents, managers and lawyers being deducted.

Economy Amazon is planning to open bigger automated stores
Author: 0 Amazon is planning to open bigger automated stores

Amazon is reportedly looking at bringing its cashierless Go shopping experience to larger stores. Amazon is said to be testing even larger-format cashierless stores at a location in Seattle that's set up to look like a more traditional grocery store - think of the Whole Foods layout, for example.

Author: 0 The late President George H.W. Bush loved his country, and tennis

Bush's exemplary life" at the funeral. The motorcade carrying his casket from the funeral home arrived Monday at Ellington Field Joint Reserve Base outside Houston along a road lined with hundreds of onlookers. The picture was posted on Twitter by Bush family spokesman Jim McGrath , along with the caption: "Mission complete". A ceremony will be held at the train station as Bush's casket is loaded onto a Union Pacific train.

Author: 0 Alberta orders oil production cut to deal with price differential

Announcing the measure on Sunday, Premier of Alberta Rachel Notley said that the province is "facing a hard challenge", but the move is aimed to reverse an unprecedented price gap that has seen the province's crude sell for significantly less than the global price.

Economy G19? Almost All G20 Members Agree on Climate Change, Guess Who Doesn’t?
Author: 0 G19? Almost All G20 Members Agree on Climate Change, Guess Who Doesn’t?

President Recep Tayyip Erdogan of Turkey said Canadian Prime Minister Justin Trudeau was the only G-20 leader to raise the issue during the official session. Delegates worked until 6.30am on Saturday, the final day of the summit, watering down language on migration and refugees in the face of resistance from the United States and others, European and Argentine officials said.

Economy Xi, Trump reach consensus, agree not to impose new additional tariffs
Author: 0 Xi, Trump reach consensus, agree not to impose new additional tariffs

Investors have been eager for signs of a progress toward keeping an already costly trade dispute from spiraling into a new and broader cold war. White House economic adviser Larry Kudlow said that the meeting went " very well " in a brief comment to reporters as the Trump delegation left Buenos Aires for Washington.

Economy Qatar to withdraw from OPEC in January 2019
Author: 0 Qatar to withdraw from OPEC in January 2019

He added, "Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and overseas". Brent crude oil prices slid to below $60 a barrel last week while USA crude fell below $50 a barrel. He clarified that the decision not related to the blockade of Qatar by OPEC countries Saudi Arabia, the United Arab Emirates ( UAE ) and their non-OPEC allies Egypt and Bahrain .

Economy Top tech boss charged with fraud,
Author: 0 Top tech boss charged with fraud,

The FRC pointed the finger at former finance chief Sushovan Hussain , who was convicted of fraud in the U.S. earlier this year, and Chamberlain. Software giant Autonomy was seen as a runaway British success story at the time of its $10.3bn (£8bn) sale to HP.

Economy Russia, Saudi agree to renew oil output cuts: Putin
Author: 0 Russia, Saudi agree to renew oil output cuts: Putin

The reason behind the increase in oil production by Saudi Arabia and other producers in the past few months is because of the US sanctions over the Iranian oil exports, but the waivers provided by the USA allowed Iran to export fewer barrels in the market than expected.

Economy DJ Khaled and Floyd Mayweather fined for promoting cryptocurrencies
Author: 0 DJ Khaled and Floyd Mayweather fined for promoting cryptocurrencies

The founders of the company Robert Farkas and Sam Sharma were arrested back in April and are facing several charges including wire fraud, securities fraud and some conspiracy charges. While questioning about the payement and ICO promtion, neither the attorney of Mr. Khaled nor Mr. Mayweather was open to the discussion. The SEC a year ago warned that the digital currencies sold in ICOs may be treated as securities and those offering and selling them had to comply with United States ...

Economy German prosecutors raid Deutsche Bank
Author: 0 German prosecutors raid Deutsche Bank

Prosecutors say information from analysis of documents leaked from tax havens in recent years, including the 2016 "Panama Papers", prompted their investigation. Police vehicles parked in front of Deutsche Bank headquarters in Frankfurt, Germany, on November 29, 2018. The investigation is separate from another money laundering scandal surrounding Danish lender Danske Bank (LSE: 0NVC.L - news ), in which Deutsche Bank has a role.

Economy G20: Trump and Xi to meet amid US-China trade tensions
Author: 0 G20: Trump and Xi to meet amid US-China trade tensions

The U.S. has agreed to delay by 90 days a planned increase in tariffs on $200 billion of Chinese imports so the two nations have time to iron out their trade differences - or at least attempt to do so, the White House said. "The relationship is very special-the relationship that I have with President Xi", he said. President Trump stated: "This was an incredible and productive meeting with unlimited possibilities for both the United States and China".

Economy Fed hints at higher rates despite Trump attack
Author: 0 Fed hints at higher rates despite Trump attack

His remarks Wednesday appeared to suggest to this audience that he might stop sooner or move more slowly. "Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy-that is, neither speeding up nor slowing down", Powell said.

Economy Gold gains as United States dollar weakens after cautious Fed speech
Author: 0 Gold gains as United States dollar weakens after cautious Fed speech

Powell's comments ignited a rally on Wall Street, with the Dow Jones Industrial Average surging more than 200 points after his remarks were released. Bond traders battling over how much further the Federal Reserve will go are eyeing another appearance by Chairman Jerome Powell and jobs data to judge if the recent pullback in rate-hike expectations is warranted.

Economy Nissan Reveals The Leaf Nismo RC Electric Race Car
Author: 0 Nissan Reveals The Leaf Nismo RC Electric Race Car

You might remember the first Nissan Leaf NISMO RC racer from back in 2011-now there's a new version that its maker claims is more than twice as powerful. Power is managed independently to each axle, instantly supplying torque to the tire with the most grip to let the auto maneuver quickly and efficiently around the track.

Economy Japan Airlines fires pilot for exceeding alcohol limit in Britain
Author: 0 Japan Airlines fires pilot for exceeding alcohol limit in Britain

A preliminary breath test found him to be more than 10 times the limit with 93mg of alcohol in 100ml of breath, while the legal flying limit is 9mg. To put that in perspective, the drink-driving limit in England, Wales and Northern Ireland is 80mg - meaning he was over double that.

Economy Trump raises prospect of import auto tariff after GM cutback plan
Author: 0 Trump raises prospect of import auto tariff after GM cutback plan

The survey released yesterday by IHS Markit , a London-based economics research firm, reveals that more than 4 in 10 companies plan to raise prices to offset the higher cost of production caused by Trump's trade war. As a result of the U.S.' decision to levy a 27.5-percent tariff on Chinese cars imported to the U.S., China now charges a 40-percent tariff on American cars exported to the Asian country.

Economy Canada on track for Friday signing of USMCA once details finalized: Freeland
Author: 0 Canada on track for Friday signing of USMCA once details finalized: Freeland

While Trump hailed the revised trade pact, Trudeau was more measured, saying there was still work to be done and calling on Trump _ using his first name _ to remove steel and aluminum tariffs the USA imposed on Canada and Mexico . Last year, Rubio said any new trade agreement should increase "oversight and enforcement" of illegal trade practices and that Mexico should have to raise its minimum labor and environmental standards to "limit excessive and unfair production cost advantages" ...

Economy Fed minutes: Further hike
Author: 0 Fed minutes: Further hike "warranted soon", debate opened on pause

While the central bank is widely expected to lift rates, his comment was a far cry from his characterisation last month of them being "a long way from neutral". Powell's word choices is that he has spent considerable energy during his tenure as Fed chairman trying to emphasize the uncertainty of these estimates and to fashion a more plain-spoken approach to central-bank communications.