Economy

Economy What hope for markets in the US-China trade talks?
Author: 0 What hope for markets in the US-China trade talks?

The United States and China will continue trade talks in Beijing for an unscheduled third day, USA officials said on Tuesday amid signs of progress on issues including purchases of U.S. But in a statement on Wednesday, the office of US Trade Representative Robert Lighthizer also said it wants any deal to include "ongoing verification and effective enforcement".

Economy U.S. Commerce secretary
Author: 0 U.S. Commerce secretary

Hopes that the U.S. and China would strike a deal , ending their months-long trade deal led to an index of world stocks rising on Tuesday, while the dollar, which hit an 11-week low on Monday, rebounded as the euro weakened on concerns about a slowdown in the euro zone economy.

Economy GM rejects Unifor proposals to keep Oshawa assembly plant open past 2019
Author: 0 GM rejects Unifor proposals to keep Oshawa assembly plant open past 2019

Those options included extending the production of trucks and two auto models being built in Oshawa. "We studied all of the different proposals in detail, some of which we studied in detail before, and they all added substantial incremental cost and they would not address the economic situation that we have with the shift in the marketplace".

Economy AT&T Rolls out Fake 5G Logo - and Competitors Pounce
Author: 0 AT&T Rolls out Fake 5G Logo - and Competitors Pounce

Remember AT&T's plan to switch the 4G LTE icon on its Android phones to "5G E" through software updates? What should AT&T customers expect from their 5G Evolution connections? It is this belief that led us to bring together key device, chip and network equipment manufacturing partners to create the 5G Technology Forum with the goal of developing global 5G standards more quickly.

Economy RCMP to break up northern B.C. First Nation's pipeline checkpoints Monday
Author: 0 RCMP to break up northern B.C. First Nation's pipeline checkpoints Monday

On December 14, 2018, the hereditary chiefs issued a statement saying they were deeply concerned by the National Energy Board's decision to deny their request to participate in a jurisdictional challenge to the permits issued to TransCanada's Coastal GasLink pipeline project, which would cross Wet'suwet'en territories.

Economy Oil price jumps to $58.53 on OPEC cut
Author: 0 Oil price jumps to $58.53 on OPEC cut

Brent crude LCOc1 futures rose $1.47 to $58.53 a barrel, a 2.6 percent gain, as of 11:12 a.m. EST (1612 GMT). West Texas Intermediate crude oil for February delivery CLG9, +0.06% rose $1.26, or 2.6%, to settle at $49.78 a barrel on the New York Mercantile Exchange—the highest finish for a front-month contract since December 17, according to Dow Jones Market Data.

Economy Parent company of Sears, Kmart prepares for possible liquidation
Author: 0 Parent company of Sears, Kmart prepares for possible liquidation

The court hearing that was set for Tuesday morning was delayed until the afternoon, a development that Reuters called "sign that Sears and Lampert were continuing to negotiate". If Sears doesn't accept Lampert's bid, it's likely the retailer will face liquidation and begin the shutting down process very soon. It is known he expects the new Sears to borrow $1.3 billion from three leading banks.

Economy Heathrow airport: Drone sighting halts departures
Author: 0 Heathrow airport: Drone sighting halts departures

It added it first received the reports at about 5:05 p.m. Tuesday. It comes just weeks after drone sightings at Gatwick grounded planes for several days over the Christmas period. About 1,000 flights were cancelled or diverted, affecting 140,000 passengers. The government is moving forward with plans to give police new powers to tackle drones misuse and abuse, with the publication of their response to the drones consultation today (7 January 2019).

Economy Intel details 10nm Ice Lake PC processors - CPU
Author: 0 Intel details 10nm Ice Lake PC processors - CPU

That includes 9th Gen Core i3, Core i5, Core i7, and Core i9 chips. During its jam-packed CES presser, Intel also previewed Lakefield, a mobile processor based on the company's new Foveros 3D packaging technology. Lakefield and Project Athena could help create something just as formative over the next few years . A Neural Network Processor for Training, code-named "Spring Crest", is also set to become available later this year .

Economy Samsung posts Q4 guidance, profit goes down 38%
Author: 0 Samsung posts Q4 guidance, profit goes down 38%

The announcement comes on the heels of Apple's earnings warning - its first since 2002 - in which CEO Tim Cook said in a letter to investors that the iPhone maker expects first-quarter revenue of about $84 billion, down from the previous guidance of between $89 billion and $93 billion.

Economy CES: Hyundai launch walking auto
Author: 0 CES: Hyundai launch walking auto

After all, for a vehicle to walk and climb it needs legs of some kind, but to power the wheels you need an axle, which would render those legs useless. Further, the combination of wheeled motion with articulating legs equips the Elevate with faster walking speeds, dynamic driving postures and torsional control at the end of each leg.

Economy Ghosn protests innocence in first Japan court appearance
Author: 0 Ghosn protests innocence in first Japan court appearance

Prosecutors allege that Ghosn, with the help of his right-hand man at Nissan Greg Kelly - also under arrest but freed on bail - under-reported his compensation in financial documents for at least eight fiscal years. They requested anonymity because of the matters' confidentiality. Khaled Juffali Company issued a statement "to help set the record straight", saying the $14.7 million U.S.

Economy Elon Musk starts work on his $2billion Tesla ‘Gigafactory’ in China
Author: 0 Elon Musk starts work on his $2billion Tesla ‘Gigafactory’ in China

Tesla Inc. broke ground Monday for a factory in Shanghai, its first outside the United States. "We think with the resources here we can build the Shanghai Gigafactory in record time and we're looking forward to hopefully having some initial production of the Model 3 towards the end of this year and achieving volume production next year", Musk said at the event.

Economy Japanese billionaire breaks Twitter record with cash incentive to followers
Author: 0 Japanese billionaire breaks Twitter record with cash incentive to followers

To show his appreciation, he said he would "present one million yen ($9,200) in cash to 100 people to make a total of 100 million yen", adding that he would contact the winners via direct message after the 7 January deadline. That's half a million more than Carter Wilkinson's 2017 request for help to secure himself a year of free chicken nuggets from fast food chain Wendy's.

Economy PG&E could face murder charges for role in wildfires
Author: 0 PG&E could face murder charges for role in wildfires

The utility could be faced with billions of dollars of liabilities from fatal blazes in 2018 and 2017. "Breaking it up or the state running the company, those are all incredibly complicated proposals that just have no indication that they would be successful, certainly not anytime soon", he said.

Economy World Bank President Jim Yong Kim resigns
Author: 0 World Bank President Jim Yong Kim resigns

Kim, 59, said that he will immediately join a firm and focus on increasing infrastructure in developing countries. Kristalina Georgieva, the chief executive of the World Bank , will take over as interim president when he departs. president Barack Obama for a first and second term. Before taking up the World Bank leadership in 2012, Dr Kim served as President of Dartmouth College in the United States and held professorships at Harvard Medical School and the Harvard School of Public Health.

Economy Lotto Max Winning Numbers
Author: 0 Lotto Max Winning Numbers

In the South Coast region and specifically Delta, Christina Sevenoaks won a jackpot of $7 million in March playing Lotto 6/49. "I went and scanned it myself and it said, "It's a winner". A Surrey woman has become nearly $40 million richer, all because she chose to fearless the crowds on Boxing Day. She plans to buy a new house and travel.

Economy MPs Threaten Government Shutdown to Stop No Deal Brexit
Author: 0 MPs Threaten Government Shutdown to Stop No Deal Brexit

Her views were echoed by her fellow shadow cabinet minister, Barry Gardiner, who said it would "make sense" to call another vote if Labour won power and secured a fresh deal with Brussels. May tried to sell her deal in a TV interview on the BBC on Sunday, roughly one week ahead of a crucial parliamentary vote on the agreement. "Others across the House of Commons are so focused on their particular vision of Brexit that they risk making a flawless ideal the enemy of a good deal".

Economy ITunes and AirPlay 2 Coming to Samsung Smart TVs
Author: 0 ITunes and AirPlay 2 Coming to Samsung Smart TVs

Apple offers the largest library of 4K HDR films , available to buy or rent, which was previously only available on your TV via a separate device, such as the latest Apple TV 4K . Apple remains silent but let us see if more details emerge at CES 2019. Controlling the volume of a TV via AirPlay 2 would be new, and perhaps there's something coming related to Apple's reference to "built-in controls.in apps, ' but playback controls on the Lock screen and in Control Center already exist".

Economy Tesla to break ground on Shanghai Gigafactory today - CEO Musk
Author: 0 Tesla to break ground on Shanghai Gigafactory today - CEO Musk

Grimes may testify in Elon Musk's Tesla investor lawsuit, although the tech billionaire is fighting to keep her out of it. The cheapest place to get your hands on the Tesla Model 3 in Europe is France, where the entry level starts at 53,500 Euro and the top of the range at 64,300 Euro.

Economy 312,000 jobs added in December; unemployment inches higher
Author: 0 312,000 jobs added in December; unemployment inches higher

Health care led the way in new jobs , adding 50,000 for the month thanks to 38,000 new positions in ambulatory services and 7,000 more in hospitals. Both were seen as more red flags that the economic expansion, now in its ninth year and the second longest on record, is losing steam.

Economy Dovish Fed Chief Powell Delivers What the Markets Wanted
Author: 0 Dovish Fed Chief Powell Delivers What the Markets Wanted

Jerome Powell said that the central bank was "listening sensitively" to stock markets after the sell-off last month and would be "patient" with its interest rate policy. This marked the first time that Powell had used the word "patient", something that former Fed Chair Janet Yellen used several times during her appointment.

Economy Horsham misses out on launch of Greggs new vegan sausage roll
Author: 0 Horsham misses out on launch of Greggs new vegan sausage roll

The roll arrived in 950 stores across the country yesterday is being sold at £1. Meanwhile, Dundee's vegans begged to differ, with one passionate advocate of the plant-based lifestyle penning a letter to Greggs. "I waited for mine and by the time it was cooked, there was a queue of us who took them and more people waited!" People in Horsham are missing out on the roll-out of a new vegan sausage roll unveiled nationwide by bakery chain Greggs today.

Economy Unemployment rate holds steady nationally, little change regionally to end 2018
Author: 0 Unemployment rate holds steady nationally, little change regionally to end 2018

This pace of growth was slower compared with 2017 (plus 2.3 per cent) and 2016 (plus 1.2 per cent), said StatsCan. However, wage growth showed a weak reading of 1.49 percent last month, which was well below inflation. The Bank of Canada has been monitoring wage growth ahead of its interest-rate decisions as it tries to determine how well indebted households can absorb higher borrowing costs.

Economy Central bank to relax reserve ratio criteria to enhance lending
Author: 0 Central bank to relax reserve ratio criteria to enhance lending

Reserve requirement ratios (RRRs) - now 14.5 percent for large institutions and 12.5 percent for smaller banks - will be lowered by a total of 100 basis points (bps) in two stages, the People's Bank of China (PBOC) said. China made its first major monetary policy easing announcement of 2019 on Friday as Beijing prepared to roll up its up sleeves to battle a year that is expected to be filled with economic hardship as well as numerous other challenges at home and overseas, Trend reports ...

Economy Ford recalls over 953,000 vehicles to replace inflators
Author: 0 Ford recalls over 953,000 vehicles to replace inflators

Ford says that they are now aware of any injuries associated with the passenger side frontal inflators included in this recall. The move includes over 782,000 vehicles in the US and is part of the largest series of recalls in USA history.

Economy December Jobs Report: 312,000 Jobs Added, Unemployment Slightly Rises
Author: 0 December Jobs Report: 312,000 Jobs Added, Unemployment Slightly Rises

Data out this week have fanned fears that the nine-year economic expansion is running out of steam. The dollar shot higher after the numbers were released. USA private payrolls increased by the most in almost two years in December, suggesting sustained strength in the labour market despite ongoing financial market volatility.

Economy Infiniti's QX Inspiration shows off new design language ahead of Detroit
Author: 0 Infiniti's QX Inspiration shows off new design language ahead of Detroit

In this concept, instead of wing mirrors, spot cameras can be seen which indicates how future EVs will look like. Inside, the QX Inspiration Concept's cabin has been hand-crafted using " traditional techniques and a choice of materials inspired by a subtle Japanese sensuality", although no photos have been released showing off the cabin.

Economy British bosses' three-day pay exceeds workers' annual salary
Author: 0 British bosses' three-day pay exceeds workers' annual salary

CEO pay packages 133 times the size of the average United Kingdom worker suggest we could do a lot better in this respect'. The study also found that by 1pm bosses will have earned more than the average worker will in a year. Shareholders rebel a year ago, the chief executive of Persimmon , Jeff Fairburn, was forced out after a row over his £75m pay award. Union bosses have waded in with criticisms, with GMB general secretary, Tim Roache, saying: 'It's not fair, and it makes no sense in ...

Economy Ghosn to appear in court for detention hearing
Author: 0 Ghosn to appear in court for detention hearing

The arrest has also put some of the practices of Japan's criminal justice system under global scrutiny, including keeping suspects in detention for long periods and prohibiting defense lawyers from being present during interrogations. Ghosn maintains his innocence, according to his Tokyo-based lawyer. Ghosn's detention has shaken the worldwide auto industry and strained the alliance he built between Nissan ( NSANY ), Renault ( RNSDF ) and Mitsubishi Motors ( MMTOF ).

Economy United Kingdom construction sector slows to three-month low
Author: 0 United Kingdom construction sector slows to three-month low

The UK's services industry has been hit by Brexit fears, according to December's Purchasing Managers' Index (PMI). "The latest United Kingdom services PMI provides further evidence that the economy has lost most, if not all, of the momentum it had last summer", ING economist James Smith said .

Economy House-price growth slows to six-year low amid weak confidence
Author: 0 House-price growth slows to six-year low amid weak confidence

If the economy continues to grow at a modest pace , Nationwide expects United Kingdom house prices to rise "at a low single-digit pace in 2019". "Indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for house purchases, have remained broadly stable in recent months, but forward-looking indicators had suggested some softening was likely", said Mr Gardner.