Economy / 65

Ford's Electric SUV Finally Has a Reveal Date

October 28, 2019

After its debut on November 17 , Ford's electric crossover will roll out next year. This won't be a market launch, but an unveiling. In a website, which is launched recently, it shows about all the details that Ford is said to be targeting and how EPA-estimated with a range of almost 300 miles.

Popeyes' popular chicken sandwich coming back, report says

October 28, 2019

But it is the season for all things pumpkin and eventually, the word of the pumpkin cream cheese pie's return began to circulate through the internet. Thrillist also did some digging of its own this week and tried to nail down an exact timeframe for when the highly-anticipated sandwich would come back.

In a victory over Amazon, Microsoft wins $10B Pentagon JEDI cloud contract

October 28, 2019

For several years Trump has voiced his displeasure with Amazon and Jeff Bezos , who furthermore owns The Washington Post . It's a big win for Microsoft over Amazon, which is a long-time frontrunner for the Joint Enterprise Defense Infrastructure ( JEDI ) cloud contract that will shift the Pentagon's computing infrastructure and data to the cloud .

Walgreens, Target remove all 22-ounce J&J baby powder from their shelves

October 28, 2019

Johnson & Johnson also said that the investigation was at an early stage, it could not confirm whether cross-contamination of the sample caused a false positive, of if the sample was taken from a bottle with an intact seal or whether the sample was prepared in a controlled environment.

Brexit in limbo as UK PM pushes for election

October 28, 2019

But opposition parties say they won't vote for early elections until the government secures an extension of the Brexit deadline. The Scottish National Party, which is the third largest force in the House of Commons, on Friday called for an election on 5 December, and said that the election should serve as a proxy referendum on European Union membership.

In tweet, President Trump laments loss of iPhone home button

October 28, 2019

US President Donald Trump has tweeted that he does not like the home button on Apple iPhone after the company replaced it with the swipe option in some of its 2017 models. You can download this on all Apple mobile devices and computers, as well as Smart TVs from providers such as Samsung, LG, Sony, and Vizio. "I can not believe that Apple didn't come out with a larger screen IPhone".

ARM says it will continue to work with Huawei despite USA ban

October 28, 2019

Background: The U.S. Commerce Department's blacklisting of Huawei is a major sticking point between the United States and China in their ongoing trade war, which is increasingly affecting the technology sector as both sides enact restrictive limitations on the other.

Best Buy announces free next-day delivery

October 25, 2019

For example, major appliances and televisions 51 inches or larger may have different delivery terms. "From tablets to headphones to espresso machines, tons of the most popular holiday items are included". Amazon, meanwhile, requires customers to pay $119 a year for free two-day shipping and other perks. Best Buy also offers same-day delivery and curbside delivery.

China purchases 260000 more metric tons of soybeans

October 24, 2019

Corn, wheat and hog futures were either little changed or down. In talks in Washington in October , the USA agreed to pause further tariff hikes on thousands of products, and China agreed to increase agricultural purchases, as well as roll back some of its tariffs as part of the agreement.

Caterpillar cuts profit outlook as China sales slump

October 24, 2019

Graham Capital Management Lp who had been investing in Caterpillar Inc Del for a number of months, seems to be bullish on the $76.04 billion market cap company. Graham Capital Management Lp bought 106,000 shares as the company's stock declined 4.69%. Finally, Citigroup reduced their target price on shares of Caterpillar from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th.

Interview: IMF official urges multilateral cooperation to resolve trade tensions, facilitate integration

October 24, 2019

The International Monetary and Financial Committee (IMFC), the policy-setting body of the International Monetary Fund (IMF), called on countries to resolve trade tensions and support the necessary reform of the World Trade Organization. The central bank cut its reserve requirement ratio three times this year in an effort to combat the slowdown of the Chinese economy, and will continue to "pursue a prudent monetary policy", according to PBOC Governor Yi Gang.

India 63rd on World Bank's Ease of Doing Business ranking

October 24, 2019

These include Starting a business, Dealing with Construction permits, Getting Electricity, Registering Property, Getting Credit, Protecting Minority Investors, Paying taxes, Trading Across Borders, Enforcing Contracts and Resolving Insolvency.

Electric Nissan Ariya SUV debuts

October 24, 2019

Toyota's stand at the 2019 Tokyo Motor Show was filled with a variety of mobility concepts , ranging from a broom that can transport you through the air like a witch, to the e-Palette that will be transporting athletes during the 2020 Olympic Games in Tokyo.

Tesla shares soar: CEO Elon Musk announces surprise profits

October 24, 2019

The results were much better than expected, but Tesla has been there before, said Garrett Nelson, an analyst with CFRA. As well, the company reports that it is in the "final stages" of choosing a site for its European Gigafactory, which it anticipates using for Model Y and Model 3 production.

Govt Approves BSNL-MTNL Merger; Offers Attractive VRS Package To Employees

October 24, 2019

These are strategic assets of India. They are most cooperative when there is a natural calamity, the entire Army network is managed by them and even for banks most of the network is managed by BSNL. Government will provide 4G spectrum on an administrative allocation basis. Explaining the VRS package, Prasad said as an example, any employee above the age of 53 and a half, opting for the VRS, will be given 125 percent remuneration of the salary, pension and gratuity till the age of 60.

Air New Zealand releases details of new NY flights

October 24, 2019

Los Angeles-London will operate as scheduled until October 2020 and no tickets have been sold beyond this date. Air New Zealand has released details of the new Auckland to NY service it will launch to replace its soon-to-be-axed London flights.

Nike CEO Mark Parker steps down

October 23, 2019

Mark Parker, the President and CEO of Nike, announced plans to step down today. Parker, who has been Nike's CEO since 2006 and has worked at the company for four decades, will become the company's executive chairman. The phrase "digital" was mentioned more than 40 times on the company's earnings call last month. Last year, allegations of misconduct and gender discrimination led to a leadership shakeup at the company.

Lexus shows off insane concept electric vehicle

October 23, 2019

What's not to love about a cool-looking all-electric vehicle that has a real-world driving range and the performance that promises to wow the driver - it takes all of 3.8 seconds to reach 100 km/h and it has a top speed of 200 km/h. Not that you'll need to use the steering wheel - naturally the LF-30 is autonomous. The passenger, on the road hand, is traveling first-class thanks to a seat inspired by high-zoot air travel, and a gesture-controlled screen.

Facebook open to dollar-pegged cryptocurrencies for Libra

October 23, 2019

Their primary goal of developing a more structured payments system stays the same, he added. Facebook has revealed that it has an alternative to its proposed Libra token - multiple stablecoins, all pegged to a national fiat. Following the failings, turmoil and interruption that Facebook is facing in an attempt to launch Libra , MasterCard would need maximum regulatory obedience from its business associates.

Oil prices steady as investors weigh demand concerns

October 23, 2019

Brent crude oil futures LCOc1 were down 10 cents, or 0.2%, at $58.86 a barrel by 0704 GMT, while U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 12 cents, or 0.2%, at $53.19 per barrel. "Expectations that the API and EIA will report that US crude oil inventories increased by around 3 million barrels over the last week certainly do not help sentiment", ING analyst Warren Patterson said.

Honda Fit Debuts With Five Trim Levels, New Hybrid System

October 23, 2019

The new-gen Honda Jazz debuts a new two-motor hybrid system that will be a part of Honda's core electrification tech going forward; could come to India with the new City. Ness also gets the water-repellent treatment along with a range of color combinations with a sporty feel, while Home gets fabric seats and other materials that are a step up from Basic.

SoftBank extends $5 billion debt financing offer to WeWork

October 23, 2019

SOFTBANK Group offered almost US$10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing startup afloat and lead to the exit of its chairman Adam Neumann , sources said. As further reported by CNN , Tuesday, "The We Company was said to be weighing at least two last-ditch financing options this week - the other being a possible loan package put together by JPMorgan Chase - to avoid running out of money after its disastrous ...

Delay looms after Johnson wins one vote, loses another

October 23, 2019

The prime minister "paused" his Brexit bill on Tuesday after MPs rejected his plan to get it signed off in three days. Johnson responded by stopping the legislation dead in its tracks. Pro-EU campaigners outside Parliament in London , Britain. Hammond told the Times the bill was "a camouflage to a no-deal Brexit at the end of 2020".

Credit Suisse report: More wealthy Chinese than Americans in top 10%

October 23, 2019

The United States added a whopping 6,75,000 new millionaires in the past year. "After falling 29% in 2008, it rebounded and grew at an average rate of 12% up to 2019", said the report while adding that personal wealth in India is dominated by property and other real assets, which make up the bulk of household assets.

China Drawing Up Plan to Replace Hong Kong’s Carrie Lam, Report Says

October 23, 2019

Though not directly referencing Hong Kong , many perceived the comment as a response to protesters' demands for more independence for the semi-autonomous region. Leaving prison on Wednesday, he apologised to the victim's family and said that he was willing to turn himself in to Taiwanese police to face charges.

Union members review UAW-GM tentative agreement

October 22, 2019

All votes are due by Friday at 4 PM at which time the UAW membership should know if the contract is ratified. Details of the agreement are not yet known, because the union hasn't voted to accept, but workers had sought higher wages, better healthcare benefits and a path to permanent employment for temporary workers.

Plane diverted after cabin crew 'lost consciousness'

October 22, 2019

He said he thought they were conscious at that point but that there were other complaints about burning eyes, running noses and skin issues. According to the crew member, it had been caused by a "cleaning product used at Heathrow Airport" which had been left behind in the toilets and since spilled and seeped into the carpeting.

Infosys ADR dips 14% on whistleblowers window dressing allegations

October 22, 2019

In a letter to the Infosys board and the US Securities Exchange Commission (SEC), the "ethical employees" targetted CEO Salil Parekh while pressurising the finance team to take a number of steps that go against standard accounting practices.

SoftBank to take control of WeWork at less than $8B valuation

October 22, 2019

The deal from SoftBank would value WeWork's parent company, We Co., at about $8 billion or less, people familiar with the discussions told Bloomberg last week. With the office-sharing company almost out of cash, CNBC reported on Monday that the investment vehicle led by Japanese billionaire Masayoshi Son will shell out between $4 billion and $5 billion in fresh funding, sources told the outlet.

Will make blueprint for companies looking beyond China: Sitharaman

October 22, 2019

Union Finance Minister Nirmala Sitharaman on Sunday stated negotiations between India and the U.S. on a commerce deal are happening in "full speed" and expressed hope that it's going to conclude quickly. "Sitharaman contended that firms can not be expected to depart China's" lock, stock and barrel" with or without the transaction tensions since there's a huge Chinese national market to be serviced with its exceptional intake abilities and patterns.

Qantas completes 19-hour commercial test flight from NY to Sydney

October 22, 2019

The successful flight set a new record when it comes to the world's longest commercial flight, and also marked the first time a direct flight has connected the two cities. The trek edged out a non-stop Singapore Airlines flight from Newark to Singapore, which took 18 hours and 11 minutes, Forbes reported . The flights, at about 9,900 and 10,500 nautical miles, respectively, represent the farthest - and now the longest, in terms of time - nonstop flights today.

British PM denied new Brexit deal vote

October 22, 2019

Speaker John Bercow told the Commons he would not allow a second vote. Bercow cited a parliamentary rule dating back to 1604 under which the government can not repeatedly ask Parliament to vote on the exact same motion. "This is the chance to leave the European Union with a deal on October 31", he said. Mr Bercow said a motion on the deal had been brought before MPs on Saturday, and it would be "repetitive and disorderly" to debate it again.

The House of Fools: MPs subjected us to more agonising Brexit delay

October 22, 2019

Labour's Brexit spokesman Keir Starmer the party would put forward amendments to Johnson's Brexit deal legislation, particularly aimed at closing the "trap door" to no deal Brexit at the end of a transition period in December 2020. Mr Johnson earlier told MPs he was not "daunted or dismayed" by the defeat, and will press ahead with tabling legislation next week. But Johnson's government has not won a single vote since he became prime minister.

Xiaomi confirms more than 10 5G-enabled phones will debut in 2020

October 21, 2019

Xiaomi was one of the first to bring out a 5G-ready phone, with the very capable (and relatively affordable) Xiaomi Mi Mix 3 5G . Last month Xiaomi launched the Xiaomi Mi 9 Pro , the company's first 5G-enabled phone for the domestic market.

Three drug firms in settlement talks over USA opioid crisis

October 21, 2019

Specifically, drug distributors McKesson Corp, AmerisourceBergen Corp, and Cardinal Health offered $18 billion in cash. If an agreement is reached, the source said that the settlement would also involve Teva Pharmaceuticals contributing $15 billion in anti-addiction drugs, plus an additional $14 billion towards the distribution of those drugs.

Walmart brand ready-to-eat meat products recalled over salmonella risk

October 21, 2019

The products subject to the recall were produced in April and May of this year. Lot codes of the affected products are 1091971894, 1171971897, 1271972894, and 1291972894. Consumption of Salmonella-contaminated food can result in salmonellosis, which is a common bacterial foodborne illness, according to USDA. The illness usually lasts 4 to 7 days.

Court case over unsigned Brexit letter could put Boris Johnson in jail

October 21, 2019

MPs voted instead to withhold their approval until the house passed legislation to implement the agreement. He said: "Essentially if the legislation in the House of Commons steps too far away from what was agreed in the Withdrawal Agreement and the Political Declaration that does bring into question ratification".

Brexit on October 31 despite unsigned delay request: UK

October 21, 2019

Despite the fact that parliamentarians have withheld approval for a Brexit agreement, Boris Johnson and his allies insist that the country will be able to leave the bloc based on an agreement that he brokered with Brussels. "We are prepared, once we've got that extension in place, to take our responsibilities and move a motion of no confidence and I would be looking for parliamentary time to do that and I would expect everyone else to step up" Ian Blackford, the SNP's leader at Westminster, ...

Toyota to launch ultra-compact EV and new battery strategy

October 21, 2019

The Ultra-Compact BEV promises to offer an "extremely short turning radius" and top out at 37 miles per hour, which is more than you'll ever need in a crowded city. With the planned sales premiere of the ultra-compact BEV, Toyota also intends to introduce a new business model "that aims to promote the wider adoption of battery electric vehicles in general".

API: Supersized Crude Build Sends Oil Prices Down

October 20, 2019

Comments from a high ranking government official on a U.S. -China trade deal are also helping to underpin prices. As a result, Brent rose 49 cents to settle at $59.91 per barrel, and West Texas Intermediate gained 57 cents to settle at $53.93 per barrel.

Brexit Standoff as Boris Johnson Defies MPs' Vote to Delay EU Exit

October 20, 2019

The EU's chief Brexit negotiator, Michel Barnier, said Tusk would consult with other leaders "in the next days" about Johnson's request, but most signs indicate the EU would prefer an extension to an abrupt no-deal Brexit. In his own signed letter to Tusk, Johnson said he was confident that the process of getting the legislation through Britain's parliament would be completed before October 31.

GM workers to stay on picket line until vote on new contract

October 20, 2019

The national strike officially started at 11:59 p.m., September 15. A record ratification bonus of $11,000 would be paid to permanent employees, while temporary workers would receive a bonus of $4,500. Meanwhile, UAW leaders representing Fiat Chrysler Automobiles NV and Ford Motor Co. on Friday said their subcommittees will continue to meet until UAW President Gary Jones chooses the next company with which to bargain after GM sets the pattern.

Woman Takes Selfie Hanging Over Cruise Ship Railing, Gets Lifetime Ban

October 20, 2019

We all spend more time than we'd care to admit chasing the ideal holiday photo, but one woman's quest for vacay photo glory has seen her banned from Royal Caribbean cruises for life. "[They] are now banned for life from sailing with Royal Caribbean", Fishman added. After showing the photo to the staff captain, they were able to determine the room in which the guest was staying, reports The Sun .

China, US make 'substantial' trade deal progress, says top official

October 20, 2019

US Trade Representative Robert Lighthizer speaks with China's Vice Premier Liu He during a meeting with US President Donald Trump in the Oval Office at the White House after two days of trade negotiations in Washington October 11, 2019.

Bernie Sanders' heart attack convinced AOC to endorse him in 2020 bid

October 20, 2019

Rep. Alexandria Ocasio-Cortez of New York officially endorsed Vermont Senator and presidential candidate Bernie Sanders at a rally in Queens, New York on Saturday. Sanders, who had two stents inserted in his heart to clear a blocked artery, said he is "feeling great". "We're delighted to have her on board", Sanders said.

Qantas prepares for 20-hour NY to Sydney flight

October 20, 2019

The objective of the record-breaking flight is to conduct scientific research on passengers and crew on an ultra-long haul flight, with the aim of increasing health and wellness, minimising jetlag and identifying optimum crew rest and work periods.

Reading LGBT protest held over Chick-fil-A outlet

October 20, 2019

Meanwhile, the Paul Anderson Youth Home allegedly "teaches boys that homosexuality is wrong and that same-sex marriage is 'rage against Jesus Christ and His values, '" ThinkProgress reported. Unmoved by such defences, The Oracle has now confirmed that while it "always look [s] to introduce new concepts for our customers... we have decided on this occasion that the right thing to do is to only allow Chick-Fil-A to trade with us for the initial six-month pilot period, and not to extend the ...

Trading in second Woodford fund suspended: administrator

October 19, 2019

Link concluded investors would get their money back more quickly if the assets were sold and the money distributed in stages - though the prices secured for assets of which the fund is a forced seller may of course face pressure. While investors in the Woodford Equity Income Fund cannot now buy or sell units, trading in the Multi-Manager funds is not restricted and you can buy and sell the portfolios as normal.

Tesla Gets Green Light To Start Making Electric Vehicles In China

October 19, 2019

In 2013, as a "final assembly and distribution point" for its electric vehicles sold in Europe, Tesla launched an 18,900-square meter facility in Tilburg, Holland. Reuters stated earlier this month that Tesla was planning to launch production this month at its China plant. Tesla intends to produce at least 1,000 Model 3s a week from the Shanghai factory by the end of this year, as it tries to boost sales in the world's biggest auto market and avoid higher import tariffs ...

G7 says Libra should not launch until risks 'adequately addressed'

October 19, 2019

German Finance Minister Olaf Scholz on Friday redoubled his criticism of Facebook's plans to launch its Libra cryptocurrency, and said creation of a new world currency should be prevented. It is feared that it would be both hard to regulate and ensure that it does not disrupt monetary policy or facilitate money laundering and tax evasion.

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