Economy

Economy Dollar falls vs yen, euro after soft U.S
Author: 0 Dollar falls vs yen, euro after soft U.S

They've singled out only Australian coal. Analysts say the five ports have handled up to 14 million tonnes past year alone, half of which was from Australia. "China's Customs assesses the safety and quality of imported coal, analyses possible risks, and conducts corresponding examination and inspection compliant with laws and regulations", Foreign Ministry spokesman Geng Shuang said.

Economy US, China sketch outlines of deal to end trade war
Author: 0 US, China sketch outlines of deal to end trade war

Chinese trade envoy Liu He is leading Beijing's delegation in meetings with US Trade Representative Robert Lighthizer and other American officials Thursday and Friday as they work to head off an escalation of US tariffs. The two sides were discussing an enforcement mechanism for the deal, the source said. The United States is offering no real concessions in return, other than to remove the tariff barriers Trump has imposed to force change from China.

Economy Crude oil settles 1 percent higher over optimisms of market rebalance
Author: 0 Crude oil settles 1 percent higher over optimisms of market rebalance

OPEC and its de facto leader Saudi Arabia agreed late previous year, along with producer allies such as Russian Federation, to cut output by 1.2 million barrels per day to prevent a supply overhang from growing. Although crude prices have ended higher this week, rising USA crude oil production continues to worry investors that the glut of supply in the global oil market could be here to stay for longer while halting crude's upward price trajectory.

Economy Govt exempts start-ups from `angel tax' for past 7 years
Author: 0 Govt exempts start-ups from `angel tax' for past 7 years

This tax predominantly affects start-ups and the angel investments they attract. The government also clarified that there will be no case-to-case examination of startups for exemption for Angel Tax . "The conditions restricting the Startup from making capital contributions to any other entity or otherwise investing in shares and securities for a period of 7 years following the share subscription is very limiting and could disentitle most startups from claiming the exemption ", the ...

Economy As US pushes to ban Huawei, UK considers softer approach
Author: 0 As US pushes to ban Huawei, UK considers softer approach

Huawei is leading the 5G race globally with its massive investments in R&D but the Chinese giant is facing the heat from some Western countries, particularly the U.S. He described assertions that Chinese technology in any part of a 5G network represented "unacceptable risks" as "nonsense". The UK would be "naive" and "irresponsible" to allow Chinese tech giant Huawei to contribute to the UK's next mobile phone network, a defence think-tank says.

Economy Drone sighting halts flights at Ireland's Dublin Airport
Author: 0 Drone sighting halts flights at Ireland's Dublin Airport

It is expected that the brief closure will lead to some knock-on delays this afternoon. "The safety and security of passengers is always our key priority", the airport said on Twitter. "Following the drone sightings at Gatwick Airport, he was at pains to stress that the regulatory provisions in place in Ireland, which control and restrict the use of drones were stronger than those of the UK".

Economy Southwest Experiences Operational Emergency
Author: 0 Southwest Experiences Operational Emergency

Since Friday , the airline has declared a State of Operational Emergency at various maintenance stations to make sure its mechanics scheduled to work come in so they can return jets into service as soon as possible. Southwest said it's all-hands-on-deck in order to keep all planes in the air. "Negotiations and the degradation of safety culture are two entirely different items", Bret Oestreich, AMFA's national director, told Reuters.

Economy SC Holds Anil Ambani Guilty of Contempt For Defaulting Payments to Ericsson
Author: 0 SC Holds Anil Ambani Guilty of Contempt For Defaulting Payments to Ericsson

The top court said Ambani and two directors of the company will have to pay Rs 453 crore with interest to Ericsson India within four weeks, failing which they could face three-month jail. After RCom, which has a debt of more than Rs 47,000 crore, failed to pay Ericsson, it moved an insolvency petition in the National Company Law Tribunal (NCLT).

Economy The winning €175 million EuroMillions ticket was sold in Dublin
Author: 0 The winning €175 million EuroMillions ticket was sold in Dublin

Lotto have just confirmed it to us that we sold the winning ticket". Someone in Ireland won the extraordinary €175m jackpot, making them the biggest lotto victor ever in Ireland and the ninth biggest Euromillions victor. "Whilst this is a massive win it can come as a shock to a player and we advise them to stay calm, get good independent legal and financial advice and contact us as soon as they can" he added.

Economy Kim Jong-un expected in Vietnam early ahead of summit with Trump
Author: 0 Kim Jong-un expected in Vietnam early ahead of summit with Trump

Trump noted that North Korea has not tested any rockets or missiles or nuclear weapons in months and said as long as testing has ceased, he's in no rush. "I really believe that North Korea can be a tremendous economic power when this is solved", he said, referring to Kim's pledge of denuclearization.

Economy Saudi App Tracks Women
Author: 0 Saudi App Tracks Women

Saudi women must have permission from a male relative to work, marry, and travel under the country's strict guardianship system, which human rights groups have criticized as abusive. As critics have pointed out, both companies have policies against apps that "facilitate threats and harassment". Human Rights Watch's Begum says she can see how the companies might not have realized initially that the app could be used for monitoring women .

Economy Payless to close all US stores
Author: 0 Payless to close all US stores

It remerged from restructuring four months later with about 3,500 stores and eliminated more than $435 million in debt. "This process does not affect the company's franchise operations or its Latin American stores, which remain open for business as usual".

Economy Drunk woman's plane tantrum over toddler goes viral
Author: 0 Drunk woman's plane tantrum over toddler goes viral

According to an arrest report, Gonzalez said: 'I'm not sitting next to a f***ing 3-year-old. Officers had to use a spit mask when dealing with the unruly passenger and had to cuff both her hands and feet. My mom's gonna be so proud of me tomorrow. As others approach she shouts, "Don't touch my s***". "Who's taping this?" Gonzalez continued, while blowing air kisses.

Economy Honda preparing to announce United Kingdom factory closure
Author: 0 Honda preparing to announce United Kingdom factory closure

Honda Motor Co. plans to close its factory in the U.K.in the biggest blow yet to the British auto industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit. "The auto industry in the United Kingdom over the last two decades has been the jewel in the crown for the manufacturing sector - and now it has been brought low by the chaotic Brexit uncertainty", said Des Quinn, national officer for the automotive sector at Britain's biggest trade union ...

Economy RBI announces Rs 28,000 crore interim dividend to govt
Author: 0 RBI announces Rs 28,000 crore interim dividend to govt

In approving the measure, the RBI is emulating Turkey's central bank that came to the aid of its government before municipal elections seen as a referendum on President Recep Tayyip Erdogan's rule. While RBI follows a financial year of July to June, the government follows a April-March fiscal. The money would also help fund the farm income support program's first installment, she added.

Economy De Blasio: 'Amazon took their ball and went home'
Author: 0 De Blasio: 'Amazon took their ball and went home'

Amazon announced earlier in the day that it has chosen Arlington, Virginia and Long Island City in Queens as the two locations, which will both serve as additional headquarters for the company. Queens residents soon found postcards from Amazon in their mailboxes, trumpeting the benefits of the project. LEASE TROUBLES . Savanna, which owns 1 Court Square in Long Island City, might be in for an especially rude awakening.

Economy Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter
Author: 0 Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter

The company expects all stores to remain open until the end of March and the majority until May. The chain has 20 stores in New Jersey. At the time, it had over 4,400 stores in more than 30 countries. However, many customers have pointed out that they can no longer purchase shoes on the Payless ShoeSource website . The clock is ticking toward the closing of another retailer .

Economy Brent crude hits 2019 high above $65, buoyed by output cuts
Author: 0 Brent crude hits 2019 high above $65, buoyed by output cuts

Hopes of a US-China trade deal have lent extra oxygen to crude oil prices in past sessions and this should remain a key driver in the very near term ahead of this week's negotiations. It was not immediately clear when the field would return to full capacity. Saudi Arabia said it would cut even more in March than the deal called for.

Economy Payless ShoeSource to Close All 2300 Stores
Author: 0 Payless ShoeSource to Close All 2300 Stores

The company expects all stores to remain open until the end of March and the majority until May. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. Sources who have asked to remain anonymous told the outlet that the closures will happen after the company files for bankruptcy for the second time later this month.

Economy JPMorgan Chase’s digital coin plan just killed the Bitcoin dream
Author: 0 JPMorgan Chase’s digital coin plan just killed the Bitcoin dream

We had hoped they would do so by investing in the top 10 digital assets, but creating their own JPM Coin is a step forward in the right direction by the bank. "Money sloshes back and forth all over the world in a large enterprise". JP Morgan is confident its ability to bank 80 percent of companies in the Fortune 500 will provide the boost its technology needs for mass adoption.

Economy 'Crazy turbulence' on Delta flight injures three; emergency landing in Reno
Author: 0 'Crazy turbulence' on Delta flight injures three; emergency landing in Reno

A beverage cart was toppled, and the aisle was littered with drinks and other items. Five people on board reported injuries and two declined to be taken to the hospital. Passenger Dave Macias said: I've been on a lot of flights over the past year and a half and this was by far the wildest flight I've ever been on. The non-injured passengers were treated to pizza and soda while waiting for the next flight to their original destination, the Reno-Tahoe International Airport said in a statement.

Economy Amazon.com announces no-go on NY headquarters
Author: 0 Amazon.com announces no-go on NY headquarters

If Amazon had chose to press forward with its NY plans, it would have had a major political fight on its hands. Nashville, which was awarded a 5,000-person center, also said it was open to taking on a bigger role should NY withdraw from consideration.

Economy Amazon buys provider of Wifi-routers
Author: 0 Amazon buys provider of Wifi-routers

Terms of the deal were not disclosed by the companies. As per a statement, Dave Limp, Senior VP, Device and Services, Amazon, said that the company has shared a vision of making the smart home experience even easier. The company makes simply designed white Wi-Fi pucks that people can plug in around their homes, An Eero Wi-Fi system is meant to provide more reliable Wi-Fi in every nook and cranny of a home than a single Wi-Fi router.

Economy Trade talks with China are 'going along very well,' Trump says
Author: 0 Trade talks with China are 'going along very well,' Trump says

United States tariffs on $200 billion worth of imports from China are scheduled to rise to 25% from 10% if the two sides can not reach a deal by March 1, increasing pain and costs in sectors from consumer electronics to agriculture. China's exports rebounded in January from a contraction late past year amid trade tensions with Washington, but imports declined. Past year the surplus hit a record $323.3 billion.

Economy Tesla rolls out 'sentry mode' safety feature
Author: 0 Tesla rolls out 'sentry mode' safety feature

The LA-based music composer is so proud of his achievement that it is now listed in his Twitter bio . Should the owner be absent for an extended period of time, and the car's battery reaches less than 20%, a notification will be sent to the owner's mobile app.

Economy Goodbye my love: Airbus to cancel A380 production
Author: 0 Goodbye my love: Airbus to cancel A380 production

Despite an initial burst of orders mainly from Middle East and Asian clients, most airlines balked at the A380, which could be profitable only if every seat was sold on every flight. Emirates has always been the largest operator of the A380. The A380, measuring almost 240ft (73m) in length and with capacity for more than 500 passengers, made its maiden commercial flight from Singapore to Sydney on October 27, 2007, wrestling the title of the world's largest passenger jet from the Boeing 747.

Economy China's Xi Jinping to meet top US trade officials
Author: 0 China's Xi Jinping to meet top US trade officials

Mid-level officials began discussions Monday in preparation for two days of talks starting Thursday involving Lighthizer, Mnuchin and Chinese Vice Premier Liu He. Navy guided-missile destroyers sailed within 12 nautical miles of a disputed artificial island in the South China Sea on Monday, prompting "strong dissatisfaction" from China.

Economy Oil prices edge up on hopes for US-China trade breakthrough
Author: 0 Oil prices edge up on hopes for US-China trade breakthrough

Nigeria's crude oil production including condensate has taken a dip, falling to 1.999 million barrels per day in January from 2.081 million bpd in December, figures from the Ministry of Petroleum Resources has revealed. "In terms of crude oil quantity, markets may be able to adjust after initial logistical dislocations (from Venezuela sanctions)", the Paris-based IEA said.

Economy Airlines swoop on passengers using ticket loophole
Author: 0 Airlines swoop on passengers using ticket loophole

Lufthansa has taken a passenger, who didn't show up for the last leg of his ticketed journey, to court in an apparent bid to clamp down on "hidden city" ticketing . Lufthansa German Airline is no exception. Skiplagging can cause delays for airlines as they wait for unaccounted-for passengers, with carriers that have flights routed through hub airports - such as Lufthansa in Frankfurt and Munich - particularly affected.