Business


Drone Sighting Halts Operations At Newark Liberty Airport Drone Sighting Halts Operations At Newark Liberty Airport
- January 23, 2019

FAA spokesman Greg Martin told CNN that the agency stopped flights at the airport after the initial report over the smaller regional airport some 25 kilometres away. It said the impact on its operations had been minimal. "We're coordinating with the FAA & fully supporting all federal law enforcement authorities as they investigate this incident", the tweet read. (more...)
Meng Wanzhou: US to 'move ahead with Huawei executive extradition' Meng Wanzhou: US to 'move ahead with Huawei executive extradition'
- January 23, 2019

Meng is living under house arrest in her Vancouver mansion while her case is under deliberation. The U.S. Department of Justice has stated that it will meet all deadlines, according to legal agreements between the U.S. Others who signed include Bonnie Glaser and Scott Kennedy from the Centre for Strategic and International Studies; Elizabeth Economy from the Council on Foreign Relations; Orville Schell of the Asia Society; and Ely Ratner of the Centre for a New American Security. (more...)
Govt expects lower exports to China, US this year Govt expects lower exports to China, US this year
- January 23, 2019

The IMF cut its growth projections for the euro zone and developing countries, while maintaining its forecast for a 2.5 percent expansion in the United States this year. Mr Lipton said the International Monetary Fund sees future risks from trade tensions and financial conditions tightening. "As seen in 2015-16, concerns about the health of China´s economy can trigger abrupt, wide-reaching sell-offs in financial and commodity markets", the report said. (more...)
China's birth rate falls to lowest in 70 years China's birth rate falls to lowest in 70 years
- January 22, 2019

Growth in the fourth quarter came in at 6.4 percent, down from 6.5 percent seen in the third quarter, NBS data showed. Communist leaders want to steer China toward slower, more self-sustaining growth driven by consumer spending instead of trade and investment. (more...)
The World Economy Is Expected to Slow in 2019 The World Economy Is Expected to Slow in 2019
- January 22, 2019

The IMF's chief economist Gita Gopinath told the briefing: "The numbers we saw for China today are completely consistent with our forecasts". They represent cuts of 0.2 and 0.1 percentage points from the IMF's projections in October. (more...)
Netflix reports its Q4 earnings now (NFLX) Netflix reports its Q4 earnings now (NFLX)
- January 22, 2019

Netflix has seen blistering growth in the past few years and has bet heavily on worldwide subscriber additions, spending billions of dollars to bolster its original content. Netflix forecasts that in Q1 of 2019 another 10 million subscribers will join the fray but that isn't a guarantee. The company released its massively popular dystopian movie " Bird Box " in late December, which helped attract a record 8.8 million new paid streaming customers in the fourth quarter. (more...)
French watchdog slaps Google with $57M fine under new European Union law French watchdog slaps Google with $57M fine under new European Union law
- January 21, 2019

Google has been fined more than $56 million over its advertising in Europe. "We therefore expect the CNIL to respond quickly to the rest of our complaint, about Youtube, Gmail and Google Search, imposing this time a sanction of an amount proportionate to this company and the extent and the duration of the violation of our rights", the group said in a statement Monday. (more...)
Tesla to cut workforce by 7 percent Tesla to cut workforce by 7 percent
- January 21, 2019

But Musk's rare dose of realism could serve Tesla well. "The need for a lower priced variant of Model 3 becomes even greater on July 1, when the USA tax credit again drops in half, making our auto $1,875 more expensive, and again at the end of the year when it goes away entirely". (more...)
President Trump Delivers Remarks on the Government Shutdown and the Border President Trump Delivers Remarks on the Government Shutdown and the Border
- January 20, 2019

Trump said that Senate Majority Leader Mitch McConnell (R-Ky.) would bring the proposal to Congress this week, but Morales says the response from lawmakers should be a resounding "no". House Speaker Nancy Pelosi did not even wait for the speech to reject the proposal. "Democrats are always open to a fact-based discussion on the issues of border security and immigration reform, but the President's remarks did nothing to advance that discussion". (more...)
Oil jumps 3 pct on OPEC plan details, US-China trade hopes Oil jumps 3 pct on OPEC plan details, US-China trade hopes
- January 20, 2019

Parliament voted 432-202 against her deal, raising economic uncertainty that weighed on markets. Neil Atkinson , head of oil industry and markets division at International Energy Agency , told Bloomberg television that "We think during the first quarter of 2019, supply and demand will be fairly closely matched" as long as the supply cuts promised by the Organization of the Petroleum Exporting Countries are implemented. (more...)
US Demands Regular Review of China Trade Reform US Demands Regular Review of China Trade Reform
- January 20, 2019

Fueling the reactions in the markets was a report from CNBC that China had offered a six-year increase in US imports during recent trade talks. E-mini futures for the S&P 500 index were up about 0.2 percent and Dow futures were up about 0.3 percent, indicating a higher open on Wall Street. (more...)
Mitsubishi board considers new allegations against Ghosn Mitsubishi board considers new allegations against Ghosn
- January 20, 2019

However, the companies said, neither of the two knew anything about it. French carmaker Renault unveiled record sales today of almost 3.9 million vehicles previous year, even as it prepares to turn the page on the era of chief executive Carlos Ghosn who remains behind bars in Tokyo on fraud charges. (more...)
Lotus cars could be made in China at new Geely plant Lotus cars could be made in China at new Geely plant
- January 19, 2019

Further from the reports, Hubei province's planning authority had approved the plans of Geely for the plant last month. Geely is fast becoming known as a company that breathes life back into companies with significant injection of capital, and as you can see from their efforts with Volvo it has very much paid off. (more...)
Federal Unemployment Claims In Tennessee Doubles In 10 Days Federal Unemployment Claims In Tennessee Doubles In 10 Days
- January 19, 2019

She tells All Things Considered that it took four years to win a lawsuit she filed on behalf of federal workers during the 2013 shutdown . The second case , Hardy v. Govs. Gretchen Whitmer, Andrew Cuomo and Jay Inslee said in a joint statement that their states are providing the benefits to furloughed workers. If the state approves an application for benefits, unemployment claimants must certify online each week they are available to work. (more...)
Shopko files for bankruptcy protection Shopko files for bankruptcy protection
- January 19, 2019

The news about the company filing for bankruptcy broke on Wednesday morning. Shopko leaders now hope to sell off the assets from its remaining 134 pharmacies - including those in Powell - by the end of next week. Shopko, meanwhile, hopes to completely emerge from Chapter 11 bankruptcy by April 15. In a bankruptcy court filing, the Shopko CEO said that, like many other retail companies, the business has fallen victim to consumers shifting to online sellers. (more...)
Feds may charge Huawei with stealing trade secrets Feds may charge Huawei with stealing trade secrets
- January 18, 2019

The investigation grew in part out of civil lawsuits against Huawei, including one in which a Seattle jury found Huawei liable for misappropriating robotic technology from T-Mobile's Bellevue, Wash., lab, the people familiar with the matter said. (more...)
Trump Blames Nancy Pelosi For Shutdown That He Called For Trump Blames Nancy Pelosi For Shutdown That He Called For
- January 18, 2019

Seven Democratic lawmakers, including newly elected freshmen, attended a meeting with President Donald Trump at the White House . "It sure sounds like she's looking to not have the president come and give the State of the Union address, not have the commander in chief come and address the nation", Jordan told Reuters. (more...)
Trump's fast food feast gets skewered by Stephen Colbert Trump's fast food feast gets skewered by Stephen Colbert
- January 18, 2019

Burger King , a popular fast food company which saw its early beginnings as Insta-Burger King, dived deep into its shade bank to type out a piece of work that exemplified the art that is trolling. "Great guys and big eaters!" he wrote in a since-deleted tweet, which was captured by Josh Sternberg. They're right outside the room and I think we're going to let you see them. (more...)
UK Says Second Brexit Vote Would Take Over a Year to Organize UK Says Second Brexit Vote Would Take Over a Year to Organize
- January 18, 2019

But the island nation is still embroiled in numerous same arguments that were raging when voters defied government warnings and voted to leave in a 2016 referendum. But Mr Corbyn immediately rejected the invitation, saying he would not participate unless Mrs May ruled out a no-deal departure from the bloc in March. (more...)
U.S. report finds as Beijing expands military U.S. report finds as Beijing expands military
- January 17, 2019

US-China relations have become increasingly frayed on the military and economic fronts over the past year. The Djibouti base, where China is now constructing a 450-meter pier capable of berthing at four warships by mid-2019, and "probable follow-on bases at other locations" signal "a turning point" in the expansion of operations of the People's Liberation Army (PLA) in the Indian Ocean Region (IOR) and beyond, warns the Pentagon report. (more...)
China's record high foreign trade volume highlights economic resilience — China Focus China's record high foreign trade volume highlights economic resilience — China Focus
- January 17, 2019

That was in contrast to the 3 percent gain economists had predicted. Despite the trade war , exports to the U.S have continued to grow in double digits. This is adding to the mounting pressure on the Chinese government to reach an agreement with the US, especially at a time when the Communist Party is also looking to stop an economic slowdown. (more...)
Oil market will soon return to balance: Al-Falih Oil market will soon return to balance: Al-Falih
- January 17, 2019

Opec and its allies including Russian Federation are slashing production by 1.2 million barrels per day, starting from January 1, to rebalance oil markets and support prices. Benchmark U.S. crude stood at $51.59 a barrel in NY. Khalid Al Falih told CNN Business' Emerging Markets Editor John Defterios that while he doesn't "see a big economic recession", corrective actions are "easily within our control". (more...)
USA pursuing charges against Huawei for alleged trade secret theft, report says USA pursuing charges against Huawei for alleged trade secret theft, report says
- January 17, 2019

A source told the WSJ that the federal probe is still in an advanced stage, but it could lead to an indictment soon. On Wednesday, US lawmakers introduced bills that would ban the sale of US chips or other components to Huawei, ZTE or other Chinese telecommunications companies that violate US sanctions or export control laws. (more...)
Newsflash: Theresa May’s Brexit Deal Has Been Rejected - What now? Newsflash: Theresa May’s Brexit Deal Has Been Rejected - What now?
- January 17, 2019

Labour leader Jeremy Corbyn condemned May's deal as a "damaging shambles" and calling for a general election if the agreement is rejected on Tuesday. In a statement following May's defeat, Juncker said he "regretted" the result of the vote. "The risk of a disorderly withdrawal of the United Kingdom has increased with this evening's vote". (more...)
Is General Motors Ready to Take on Tesla? Is General Motors Ready to Take on Tesla?
- January 17, 2019

The revelation came at the Detroit Auto Show . Carlisle said GM is using Tesla's vehicles as a benchmark while the Detroit-based automaker develops its own electric versions. We're told this platform will feature battery and drive units designed for "maximum usability" throughout GM cars across different countries. The Cadillac portfolio will eventually benefit from a variety of body styles that can be spun off this architecture. (more...)
Cathay Pacific fare 'error' sees $16,000 first-class tickets sold for $1,500 Cathay Pacific fare 'error' sees $16,000 first-class tickets sold for $1,500
- January 16, 2019

Tickets for a Hong Kong to Lisbon return journey were sold on the airline's website on Sunday for $1,512 (Dh5,552), instead of $16,000 usually charged for a similar journey. " For the very small number of customers who have purchased these tickets, we look forward to welcoming you on board to enjoy our premium services ". (more...)
Woman rides electrical cart, drinks wine from chip can Woman rides electrical cart, drinks wine from chip can
- January 16, 2019

According to a Wichita Falls Times Record News report, the incident occurred outside a Walmart in Wichita Falls, Texas on Friday, Jan. 11. Police in Texas received a unusual call on Friday that involved a woman drinking wine in the parking lot of a Walmart. (more...)
Car, truck and utility vehicles of the year winners revealed Car, truck and utility vehicles of the year winners revealed
- January 16, 2019

The judges evaluate finalists on value, innovation, design, performance, safety, technology and driver satisfaction. Eligible vehicles, chosen from dozens, must be new or substantially changed. -born Reid Bigland, CEO of FCA Canada, poses with the award for North American Truck of the Year next to the winning Ram 1500. "Ram continues to lead the way in making a big truck double as a big family pleaser with as much attention paid to interior conveniences and ride comfort as to cargo hauling ... (more...)
1000 jobs at risk as Marks & Spencer announces store closures 1000 jobs at risk as Marks & Spencer announces store closures
- January 16, 2019

Sacha Berendji, property director at Marks & Spencer, said: "We're continuing to transform M&S with pace and as part of this we are making good progress with our plans to close over 100 stores - radically reshaping our store estate to become more relevant for our customers". (more...)
Tusk hints at Brexit cancellation, as United Kingdom government faces crisis Tusk hints at Brexit cancellation, as United Kingdom government faces crisis
- January 16, 2019

But analysis of polling released by the Best for Britain campaign for a second referendum suggested that around 60% of voters - including majorities in every region of the country - want a public vote if Parliament proves unable to decide on a Brexit deal . (more...)

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