Business


European Union executive, Britain agree declaration on future ties European Union executive, Britain agree declaration on future ties
- November 23, 2018

May has said it must end before a British election due in mid-2021. Brussels and London on Thursday announced they had hammered out a draft political declaration on future EU-UK ties to accompany last week's deal on the terms of Britain's withdrawal from the bloc. (more...)
Ride-sharing services should be on BC roads next year Ride-sharing services should be on BC roads next year
- November 23, 2018

Companies like Uber may now apply to the PTB for approval on B.C. roads, however, without any corresponding insurance products for these services the regulator would no doubt deny the applications. Meanwhile, the B.C. Federation of Labour said it does not believe the legislation goes far enough to protect transportation workers. "When they land at our destinations, they can wait, most times, longer than the flight for a taxi cab to pick them up", he said. (more...)
U.S. stocks take sharp losses as tech, internet companies drop U.S. stocks take sharp losses as tech, internet companies drop
- November 23, 2018

The Dow sank 1.6 percent to 25,017.44. Nissan's USA -listed shares slumped 6.1 percent after the carmaker's chairman, Carlos Ghosn, was arrested after allegedly under-reporting his income. Brent crude, used to price worldwide oils, fell 6 per cent to $US62.80 per barrel in London. The biggest decliners are Facebook, which has been hounded by data privacy issues, down almost 40 percent from its recent peak, and Netflix, which is off 37 percent. (more...)
AAA: 54 million Americans hitting the roadways this Thanksgiving holiday AAA: 54 million Americans hitting the roadways this Thanksgiving holiday
- November 22, 2018

This video of heavy traffic backups in Los Angeles last Thanksgiving weekend showed just how bad the roads can get this holiday weekend. Airlines and highways are now feeling the holiday travel spirit as Americans gear up to celebrate Thanksgiving. (more...)
Between The Rock and a Hard Brexit: New hurdle for EU Between The Rock and a Hard Brexit: New hurdle for EU
- November 22, 2018

May hopes the blueprint on future relations - a political document of about 20 pages meant to be agreed side-by-side with the legally binding 600-page exit treaty - will help win back enough support at home for her approach to pass in parliament. (more...)
Amazon leaks customers' names and email addresses in technical error Amazon leaks customers' names and email addresses in technical error
- November 21, 2018

Amazon on Wednesday said that a website glitch accidentally exposed names and email addresses of some of the e-commerce giant's customers. Today's Amazon email leak notification comes after the company sent out a similar notification last month. (more...)
Goldman Cuts Apple Target, Predicts Stock Will Stay Flat for a Year Goldman Cuts Apple Target, Predicts Stock Will Stay Flat for a Year
- November 21, 2018

Apple has reduced the production of all three new iPhones that it launched back in September. Although, Apple has fallen down from its previous $1 trillion market value. Due to the high average selling price of each iPhone model, Apple to some extent is shielded by downturns in global consumer demand. Apple did not respond to a request for comment outside regular business hours. (more...)
Renault board asks Nissan to share Ghosn evidence Renault board asks Nissan to share Ghosn evidence
- November 21, 2018

Ghosn, one of the most high-profile automotive executives, was arrested in Japan following an internal investigation revealing serious financial irregularities sending shockwaves through the auto industry. He had a reputation as a workaholic, and won the nickname "Le Cost Cutter" in France for his slash-and-burn approach to corporate restructuring. Renault owns 43 percent of Nissan while in turn the Japanese firm has a 15-percent stake in Renault. (more...)
Skype calls are finally available on Alexa-enabled devices Skype calls are finally available on Alexa-enabled devices
- November 21, 2018

As of this writing, the option to link Skype with Alexa doesn't appear to be live just yet within the Alexa app. Amazon's older Echo Spot had video calling capabilities, but it only worked between Spot devices . Alongside its refreshed hardware lineup , Amazon ( and Microsoft ) announced back in September that Skype calling was coming to Alexa devices later in the year. (more...)
Black Friday deals not such a bargain after all Black Friday deals not such a bargain after all
- November 20, 2018

Some 46% of products were cheaper than their Black Friday price on at least one day during the six months afterwards. It's the most hyped shopping event of the year, with consumers lured into spending £8billion by promises of massive price cuts. (more...)
Oil falls to $55 after Russian Federation delays production-cut decision Oil falls to $55 after Russian Federation delays production-cut decision
- November 20, 2018

Russian Energy Minister Alexander Novak said on Monday that Russia , which is not an OPEC member, was planning to sign a partnership agreement with the group, and that details would be discussed at OPEC's December 6 meeting in Vienna . (more...)
Nissan to oust boss Carlos Ghosn due to 'serious misconduct' Nissan to oust boss Carlos Ghosn due to 'serious misconduct'
- November 20, 2018

Tokyo prosecutors confirmed on Tuesday (Nov 20) that they had arrested auto industry titan Carlos Ghosn a day earlier on allegations he under-reported his income over the course of several years. Since 1999 Nissan has been part of the Renault-Nissan-Mitsubishi Alliance. Renault has more than a 43-percent fully voting stake in Nissan, while Nissan has a 15-percent non-voting stake in Renault. (more...)
More steps for MSMEs, weak banks likely at next meeting More steps for MSMEs, weak banks likely at next meeting
- November 20, 2018

The government and the RBI have been sparring over how much capital the central bank needs and how tough its lending rules should be. RBI board will meet next on December 14. Demand for transfer of RBI reserves to government: The RBI had for long fought tooth and nail against the transfer of a sizeable chunk of its reserves to the government. (more...)
APEC leaders fail to agree on final communique APEC leaders fail to agree on final communique
- November 20, 2018

He said the USA wasn't in a rush to end the trade war and would "not change course until China changes its ways" - a worrying prospect for a region heavily reliant on exports. China has been promoting a Regional Comprehensive Economic Partnership of 16 Asian countries. China has been building its influence in the region, and Chinese businesses are now deeply invested in Pacific island countries. (more...)
Irish premier warns against attempt to ‘amend or unthink’ Brexit deal Irish premier warns against attempt to ‘amend or unthink’ Brexit deal
- November 19, 2018

Chief executive Wesley Aston said: "No deal for Northern Ireland agri-food and farming in particular would be absolutely disastrous and we have made that patently clear". "I would say to the people in Westminster, I know you have your own constituencies but we have a responsibility, and I think everyone has a responsibility to avoid a hard border, this does that", he said. (more...)
Binance opens trading for Bitcoin Cash ABC [BCHABC], Bitcoin Cash SV [BCHSV] Binance opens trading for Bitcoin Cash ABC [BCHABC], Bitcoin Cash SV [BCHSV]
- November 19, 2018

Nevertheless, it still has a long way to go however with a market cap gap of over $75 billion and many people are jokingly commenting on the matter. The hard fork that had quite the spotlight on it, resulted in Bitcoin Cash splitting into Bitcoin Cash ABC and the Bitcoin Cash SV. (more...)
Nissan's Ghosn to be arrested in Japan for alleged financial violations Nissan's Ghosn to be arrested in Japan for alleged financial violations
- November 19, 2018

Nissan's German-listed securities plunged 12 per cent. The newspaper reported on its website that Ghosn, who is also chairman and chief executive of France's Renault , was suspected of having understated his own income on financial statements and had agreed to voluntarily speak to prosecutors. (more...)
Honda revives Passport name for new SUV Honda revives Passport name for new SUV
- November 18, 2018

You may or may not recall that Honda produced an SUV with the Passport name between 1994 and 2002. That information won't be available until the Passport makes its official debut in Los Angeles on Nov 27. It will join the HR-V , CR-V and Pilot in the company's utility portfolio and will be built at its Lincoln, Alabama, plant. Introduced in 1993, the first generation was nothing more than a badge-engineered Isuzu Rodeo. (more...)
Jeff Bezos tells employees that Amazon ‘is not too big to fail’ Jeff Bezos tells employees that Amazon ‘is not too big to fail’
- November 18, 2018

If the focus moved to put the company first, then the chance of Amazon being looked on negatively by consumers goes up and so the calls for regulation would most likely increase. Amazon CEO Jeff Bezos made a rather bold acknowledgement this week, predicting the future demise of his 24-year old juggernaut valued at almost $1 trillion. (more...)
Family of Indonesia’s crashed plane passenger lodges lawsuit against Boeing Family of Indonesia’s crashed plane passenger lodges lawsuit against Boeing
- November 18, 2018

On November 7, 2018, the Federal Aviation Administration (FAA) issued a new Emergency Airworthiness Directive on the Boeing 737 MAX directed to what it determined to be an "unsafe condition" that is likely to exist or develop in other Boeing 737 MAX airplanes. (more...)
China hotels red-faced after dirty cleaning practices revealed China hotels red-faced after dirty cleaning practices revealed
- November 18, 2018

He released a video online on Wednesday in which he claimed he had spent more than 2,000 nights in 147 five-star or luxury hotels and found hygiene problems were typical in nearly all of these chains. The hotel apologised for what was shown in the video. "Luckily I can not afford to stay in any of these hotels", one commenter said in an online post responding to the video. (more...)
Jennie-O Recalling Ground Turkey Amid Widespread Salmonella Outbreak Jennie-O Recalling Ground Turkey Amid Widespread Salmonella Outbreak
- November 17, 2018

Experts urge consumers to practice good food safety when handling raw turkey in the kitchen this holiday season. - Thousands of pounds of ground, raw turkey have been recalled for a possible salmonella contamination. The illness usually lasts 4 to 7 days. Since the investigation began in February, state public health officials have been interviewing patients, looking at grocery receipts and shopper card data, and testing any turkey products that they had in their homes to search ... (more...)
Apec leaders at odds over globalisation and free trade Apec leaders at odds over globalisation and free trade
- November 17, 2018

However, he also said the United States sought a "better relationship" with China and progress was being made in trade talks ahead of a mooted meeting between Trump and Xi at the G20 in late November. "We don't drown our partners in a sea of debt... The Intellectual Property Rights regime is designed to protect and encourage innovation not to create or widen the scientific and technological divide", Xi said. (more...)
United Kingdom budget carrier FlyBe says for sale United Kingdom budget carrier FlyBe says for sale
- November 16, 2018

Shares in struggling airline Flybe have surged after it put itself up for sale amid turbulence caused by currency volatility and higher fuel costs. Flybe, whose roots date back to 1979, has 78 planes operating from smaller airports such as London City, Southampton and Norwich to destinations in the United Kingdom and Europe. (more...)
FDA says it will start process to ban menthol cigarettes FDA says it will start process to ban menthol cigarettes
- November 16, 2018

Vapes in flavors such as fruit and candy, which the FDA says are particularly appealing to youth users, will now only be sold through online and in-person vendors with age restriction practices in place, such as tobacco and vape shops, retailers with specified age-restricted areas or stores where vapes are kept out of view of and inaccessible to minors at all times. (more...)
McCarthy: Bloomberg reduced GOP women in House - 11/14/2018 2:50:31 PM McCarthy: Bloomberg reduced GOP women in House - 11/14/2018 2:50:31 PM
- November 16, 2018

Schumer says Trump and Scott "are trying to shut down the election because they're afraid" of a Nelson victory. Patty Murray assistant Democratic leader and Michigan Sen. Republican Rep. Jim Jordan of OH says the GOP lost its House majority in the midterm election because it didn't deliver on promises to secure the U.S. (more...)
Theresa May facing chaos after Brexit Secretary resigns Theresa May facing chaos after Brexit Secretary resigns
- November 16, 2018

We can and must do better than this. She was greeted by mocking laughter when she said her plan would provide for a "smooth, orderly" Brexit . Starmer wants Labour to find a mechanism by which MPs could intervene and force the prime minister to soften her position if her Brexit deal is voted down, although it is not clear what could be renegotiated with the European Union in the time left available. (more...)
$1.5 billion Mega Millions jackpot still unclaimed $1.5 billion Mega Millions jackpot still unclaimed
- November 15, 2018

Officials say the winning ticket was sold in SC. Each state can use its unclaimed lottery prizes differently, according to the Mega Millions website . "Everyone's talking about it", he said. "Take a deep breath and enjoy the moment!" the South Carolina Education Lottery tweeted at the time. The annuity, however, will get them the entire $1.537 billion jackpot in smaller payments over the next 30 years, with each being 5 percent larger than the last. (more...)
Flipkart’s Group CEO Binny Bansal steps down over serious personal misconduct Flipkart’s Group CEO Binny Bansal steps down over serious personal misconduct
- November 15, 2018

He added that he will continue to be a shareholder in the company. It did not provide details about the nature of the misconduct but said that Bansal had denied the allegations. As per reports coming in, a Flipkart employee who left the company in 2012, had launched an event management firm, and came in contact with Binny Bansal in 2016. (more...)
Menthol Cigarettes Come Under FDA Scrutiny Menthol Cigarettes Come Under FDA Scrutiny
- November 15, 2018

BAT slumped 352p to £29.63 yesterday as traders got their first chance to react to reports late on Friday night that the US Food and Drug Administration (FDA) is mulling a regulatory crackdown on menthols that comes on the heels of its plans to crackdown as on flavoured e-cigarettes. (more...)

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