Economy

Economy Amid Paris protests, Emmanuel Macron to speed up tax cuts, raise wages
Author: 0 Amid Paris protests, Emmanuel Macron to speed up tax cuts, raise wages

In his first national address following France's worst unrest for years, Macron sought to restore calm and struck a humble tone after accusations his governing style and economic policies were fracturing the country. The 40-year old former investment banker was also under pressure to make amends about cutting remarks he has made about the costs of welfare that critics say made him look aloof and arrogant.

Economy Paris tells Trump to keep out of French politics
Author: 0 Paris tells Trump to keep out of French politics

The Eiffel Tower and Louvre Museum reopened yesterday after closing amid Saturday's rioting. The interior ministry said some 136,000 people took part in Saturday's protests, around the same number as on December 1. "These past weeks have produced a monster that its creators no longer control", Mr. Castaner said Friday. Seventeen of the injured were police officers.

Economy Qualcomm wins import ban against several Apple iPhones in China
Author: 0 Qualcomm wins import ban against several Apple iPhones in China

Qualcomm has countered that Apple is using its intellectual property without paying for it and the legal cases are aimed at forcing it to lower licensing charges. The company said it plans to pursue all its legal options. "Those will really have a big impact in terms of Apple being forced to pay royalties Qualcomm is due", Davuluri said.

Economy Ghosn formally charged for financial misconduct
Author: 0 Ghosn formally charged for financial misconduct

They are charged with violating the Financial Instruments and Exchange Law over allegations that Ghosn , a former Nissan chairman, under-reported his executive remuneration over a five-year period in the automaker's annual securities reports .

Author: 0 Canada arrests Huawei's Chief Financial Officer, China warns 'grave consequences'

U.S. Sen. Ben Sasse, a Republican member of the Senate armed services and banking committees, applauded Canada for the arrest . The move followed the summoning of Canadian Ambassador John McCallum on Saturday over Ms Meng's detention and a similar protest warning of "grave consequences" if she is not released.

Economy Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'
Author: 0 Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'

Musk, who owns about 20 percent of Tesla , gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had "funding secured" for taking the company private.

Economy HomeUber makes confidential filing for long-awaited IPO
Author: 0 HomeUber makes confidential filing for long-awaited IPO

Together, Uber and Lyft will test public market investor appetitive for the ride-hailing business, which emerged less than a decade ago and has proven wildly popular, but also unprofitable. Uber, the ipo internal "Project Liberty", says one of the insiders at The Wall Street Journal . One of the important decisions taken under Khosrowshahi was Uber's exit from the Southeast Asian market earlier this year, after having sold the stake to the regional player Grab.

Economy The Marriott hack could involve Chinese intelligence operatives
Author: 0 The Marriott hack could involve Chinese intelligence operatives

If you recall, the Marriott hack started four years ago up until this year, prompting many questions about how and why Marriott allowed this to happen. Earlier this week, Senator Charles Schumer (D-NY) called on the company to cover the costs of new passports for the customers who have fallen victim to fraudulent activity as a result of the data theft.

Economy How major USA stock indexes fared Friday | Columbus Ledger-Enquirer
Author: 0 How major USA stock indexes fared Friday | Columbus Ledger-Enquirer

Following a rare midweek U.S. trading holiday, stocks tumbled at the outset of the trading, with the benchmark S&P 500 dropping as much as 2.9 percent. Oil prices reversed their weeks-long decline Friday on an announcement by the Organization of the Petroleum Exporting Countries to cut production by 1.2 million barrels per day.

Economy Storm brings heavy snow to southern West Virginia
Author: 0 Storm brings heavy snow to southern West Virginia

The cancellations have had knock-on effects to connecting services, with 2,832 delayed and 358 canceled flights across the U.S., according to FlightStats.com Saturday night. The National Weather Service Weather Prediction Center said heavy rainfall was affecting southeastern Texas and Louisiana, and that northwest Texas and central Oklahoma were seeing "wintry precipitation".

Economy Coin Worth $1,350 Found in Orlando Salvation Army Kettle
Author: 0 Coin Worth $1,350 Found in Orlando Salvation Army Kettle

Surveillance showed the suspect leaving with the kettle and pocketing some of the money while he was ringing the bell. Major Robert Doliber with the Salvation Army said its not common for their tins to be stolen but in this case the bell ringer hadn't show up for his shift when the theft occurred.

Economy Azmin Ali: Malaysia to cut oil output by 15000 barrels per day
Author: 0 Azmin Ali: Malaysia to cut oil output by 15000 barrels per day

Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. President Donald Trump has strongly opposed this move by OPEC. "Are there enough signs that this US$50-US$55 price range is low enough to limit the growth of U.S.

Economy Windsor’s jobless rate drops, but still above national average
Author: 0 Windsor’s jobless rate drops, but still above national average

Over the past year, employment across the country has grown by 1.2 per cent, or 219,000 jobs since November 2017, while total hours worked has also increased by 2.1 per cent. But Friday's report also contained bad items. Experts have been expecting wage growth to pick up its pace, thanks to the tightened labour market.

Economy Amazon targets airports for checkout-free store expansion
Author: 0 Amazon targets airports for checkout-free store expansion

Amazon's proprietary "Walk Out" technology consisting of cameras and sensors installed throughout the store track a customer's items and charges the account used on a customer's phone that is scanned when they walk into the store. Workers must gain clearances to staff concessions after security checkpoints, and square footage in busy sections of an airport can be expensive to lease.

Economy USA jobs report misses estimates as unemployment holds at 49-year low
Author: 0 USA jobs report misses estimates as unemployment holds at 49-year low

American employers have added more than 200,000 jobs in four of the past six months, even in the face of economic curveballs such as trade tensions, jittery markets and hurricanes. But, he said: "This is still a solid gain that suggests economic growth is gradually slowing back towards its potential pace". -China trade war could still intensify, despite an agreement over the weekend between Presidents Donald Trump and Xi Jinping that included postponing a planned USA tariff hike for 90 days.

Economy New Skoda Scala drops the boot badge
Author: 0 New Skoda Scala drops the boot badge

Depending on the model, the Scala rides on wheels measuring between 15 and 18 inches in diameter. The Scala is the first vehicle in the VW Group to get the latest version of the technology, which offers over-the-air updates , live traffic-based navigation and accident-activated emergency calling.

Economy Police in Paris detain 320 people ahead of 'yellow vest' protest
Author: 0 Police in Paris detain 320 people ahead of 'yellow vest' protest

Around 70 people were arrested Saturday in the Belgian capital Brussels during copycat "yellow vest" demonstrations rocking neighbouring France , police said . But efforts to negotiate have gone nowhere, not least because the movement's purported leaders have largely declined invitations to talks - some because they were threatened by other "yellow vests".

Author: 0 China's surplus with the US hits new record in November

China's trade surplus with the United States ballooned to a record Dollars 35.6 billion in November, official data showed Saturday, as exports across the Pacific remained strong despite a raft of USA tariffs while imports shrank. Shipments to the whole world in USA dollar terms rose 5.4 per cent in November, the customs administration said Saturday, missing estimates. The tariff hike, which has helped spur export growth since August, was postponed after the high-stakes meeting last week, ...

Economy Fiat Chrysler to put assembly plant in Detroit area
Author: 0 Fiat Chrysler to put assembly plant in Detroit area

For a struggling Detroit , this will be the first new auto assembly line in 27 years, according to the Detroit News . The Detroit News reported earlier Thursday that the company could add as many as 400 jobs by reopening its Mack Avenue Engine II plant, which has been idle since 2012.

Economy Safety System Helps Stop Southwest Jet’s Skid On Burbank Runway
Author: 0 Safety System Helps Stop Southwest Jet’s Skid On Burbank Runway

One runway at the Burbank airport was closed because of the incident, and a number of flights were canceled or delayed. The accident happened during a heavy downpour, the Los Angeles Times reported . San Francisco International Airport installed the same system on two runways in 2014. A Southwest Airlines Co. jet rolled off the end of a California runway as it landed in the rain, skidding to a stop on a crushable concrete surface created to hinder out-of-control aircraft.

Economy Dangerous Australia Encryption Law Passed
Author: 0 Dangerous Australia Encryption Law Passed

While the government claims that it won't be requesting any tech companies to build "systemic weaknesses" into their products ( i.e. backdoors ), there may be little alternative when it comes to encryption, and the terminology used in the bill has been hotly debated.

Economy Aston Martin Works Create First Reversible EV Powertrain Concept
Author: 0 Aston Martin Works Create First Reversible EV Powertrain Concept

This electrification concept has been led by Aston Martin Works. Based on a 1970 DB6 MkII Volante , the concept doesn't look too remarkable as its hides the "world's first reversible EV powertrain conversion" underneath its skin. 'Our Second Century Plan not only encompasses our new and future models, but also protects our treasured heritage. Given the continuing popularity of classic cars and the growing restrictions on emissions, Aston Martin is convinced this makes sense.

Economy Jeep Wrangler scores 1 star in European crash tests
Author: 0 Jeep Wrangler scores 1 star in European crash tests

Another one of the most disappointing premiers this month was the Jeep Wrangler which scored a one-star rating , making it the third worst Euro NCAP score of all time. Results included weak driver chest protection in the frontal offset test, poor rear passenger chest protection in the full-width frontal test, and poor rear seat whiplash protection in the rear impact test.

Economy Trumps to attend state funeral for George HW Bush
Author: 0 Trumps to attend state funeral for George HW Bush

Bush. Bush's death was announced by his son , former President George W. Bush, who praised his father as "a man of the highest character". Trump also designated Wednesday as a national day of mourning. Trump mocked the "points of light" phrase at some of his campaign rallies this year. "'Putting America First" we understand. His rhetorical calling card as president was the concept of a "thousand points of light", meant to symbolize the power of individual citizens to better their ...

Economy China to 'immediately' implement USA trade truce measures
Author: 0 China to 'immediately' implement USA trade truce measures

The two sides would also discuss intellectual property protection, technology cooperation, market access and fair trade, and "work hard to reach a consensus", Gao said. Chinese President Xi Jinping and his USA counterpart Donald Trump recently held a meeting at a working dinner in Buenos Aires, reaching important consensus and agreeing not to impose new additional tariffs.

Economy China vows quick action on USA trade promises: 'The sooner the better'
Author: 0 China vows quick action on USA trade promises: 'The sooner the better'

Chinese officials hailed on Wednesday a "very successful" trade meeting with the US, just days after President Trump claimed there had been a major breakthrough in negotiations that ended in a new trade deal . At the end of the day, two realities remain: the U.S.is now an energy (oil and gas) producing super power alongside the ranks of Russian Federation and Saudi Arabia, while China, conversely, is the world's largest energy consumer, which gives it less leverage in ongoing trade and even ...

Economy German yield spread tightest since 2017 as USA curve flattens
Author: 0 German yield spread tightest since 2017 as USA curve flattens

But when investors are anxious that growth will fall off sharply, perhaps as a result of the Federal Reserve pushing short-term rates higher, they're willing to accept less in interest for a Treasury maturing far in the future. "That said, it is true that the economic outlook is murkier than before", said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.

Economy The Cheesecake Factory is giving out free cheesecake today!
Author: 0 The Cheesecake Factory is giving out free cheesecake today!

The man will be charged with disorderly conduct. On December 5th get a free slice* delivered with @ Doordash , no strings attached, ' the Cheesecake Factory promoted on its Twitter page. A police spokesperson told local media that one person was even arrested after his refusal to follow police orders to leave the restaurant led to a scuffle with the officers.

Economy Asia shares post moderate losses after Wall Street sell-off
Author: 0 Asia shares post moderate losses after Wall Street sell-off

The Nasdaq fell 283 points, or 3.8 percent, to 7,158. Technology companies, banks and industrial stocks accounted for much of the sell-off. However, no joint statement from the USA and Chinese trade teams was issued after the leaders of the world's two largest economies met on Saturday on the sidelines of the G-20.

Economy China's Huawei finance chief arrested in Canada, faces extradition to US
Author: 0 China's Huawei finance chief arrested in Canada, faces extradition to US

US stock futures and Asian shares tumbled as news of the arrest heightened the sense a major collision was brewing between the world's two largest economic powers, not just over tariffs but also over technological hegemony. The US Justice Department on Wednesday declined to comment. "At the request of the U.S. side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law ".