Economy / 52

Climate change protesters call on Siemens to quit coal mine project

January 13, 2020

Thunberg has called for Siemens to review its $20 million contract to supply rail infrastructure to Adani Group's Carmichael mine in Australia which has been facing backlash from environment experts. Leading Fridays for Future activist Luisa Neubauer called Kaeser's decision "disastrous" and said the group planned new demonstrations in front of Siemens offices Monday.

BoyleSports Takes Over William Hill's Northern Ireland Portfolio

January 13, 2020

He confirmed the news to Racing Post: " BoyleSports are delighted to realise its long-held ambition to develop a meaningful retail presence across Northern Ireland and the Isle of Man". market. It also bought the 13 betting shops in the English Midlands from independent retailer Wilf Gilbert to mark its arrival on the United Kingdom retail betting market.

Elon Musk Reveals Tesla Cars Could Be Talking to Us Soon

January 13, 2020

Hackers have actually additionally shown just how they might fool a Tesla Model S to become part of the incorrect lane by utilizing a approach called "adversarial attack", a method of controling a Machine Learning model. One of the so-called Easter Eggs in Tesla cars is the option to add fart noises to individual seats in the auto. As Engadget reports , the new feature relies on the external speakers Tesla is adding to its vehicles to comply with European and USA artificial sound regulations.

Flybe 'in rescue talks to stave off collapse'

January 13, 2020

Discussions were held with the Department for Business, Energy and Industrial Strategy (BEIS) and the Department for Transport (DfT) over the weekend to see whether they could provide or facilitate emergency financing, the PA news agency understands.

GM to Revive Hummer nameplate with electric bakkies

January 13, 2020

That led to the H3 model and various versions of both models, including the H3T pickup shown above. It remains unknown as to which GMC models will get the EV treatment and Hummer badge, but you would expect the popular Denali/1500-sized pick-up would be obvious starters, followed by the mid-size Canyon.

Iran's missiles target U.S. forces in Iraq; Trump Says 'All Good'

January 13, 2020

By late morning in Asia, however, equities had trimmed losses, the yen had stabilized somewhat and US bonds tempered their rally as investors paused for breath, and as a USA official said the United States was not aware of any casualties from the strikes.

Amazon lays off staffers for leaking customer info to third-party vendors

January 13, 2020

An Amazon spokesperson told Business Insider that its internal system detected "suspicious behavior" and immediately fired several employees involved. FOX Business' Hillary Vaughn reports on a letter from Amazon's Ring to Congress detailing the home security company's data breaches. The company's internal systems "suspicious behavior" detected after all employees involved in the event was sacked.

Mercedes-Benz Is Still The World's Largest Luxury Automaker

January 12, 2020

Chinese giant Geely and Mercedes-Benz have completed a 50:50 joint venture that will build Smart models in China, Reuters reports. Geely and Mercedes-Benz said on Wednesday they would each invest 2.7 billion yuan ($388.8 million) in a China-based venture to build "premium and intelligent electrified" vehicles under the Smart brand.

Facelifted Honda Civic Type R revealed with handling and interior upgrades

January 12, 2020

After giving the new Civic and Civic Si a mild facelift previous year, it wasn't long for the Honda Type R to receive the same treatment. On the chassis front, the Type R has a multilink back axle and a clever dual-axis arrangement with a variable ratio steering rack at the front, which all help to make it one of the best handling front-wheel drive hatchbacks that we've ever driven.

Just Eat battle ends with Takeaway.com as victor

January 12, 2020

The takeover, which will create one of the world's largest takeaway delivery companies, valued Just Eat at 889p per share taking its market value to around £5.9 billion. The deal is expected to finalise in the first quarter of this year. Delivery Hero announced last month that it would take control of South Korea's biggest food delivery app Woowa Brothers, at a $4bn valuation.

Casper Sleep Files for Public Listing

January 12, 2020

Casper, founded in 2014, became one of the leading brands in the so-called "bed-in-a-box" industry thanks to its pioneering status in the niche and savvy marketing. The company has served 1.4 million customers in seven countries in its first five years. It's also making room in the marketing budget. It's pointing to a "global sleep economy" of $432B as the opportunity, with $79B of that in the US and a global compound annual growth rate of 6.3%.

Canada 'temporarily' moving troops out of Iraq

January 12, 2020

The attacks rocketed days after Iranian Major General Qassem Soleimani's assassination by the US. In his first statement after the attack, the Islamic Revolutionary Guards of Iran said "the revenge by the Revolutionary Guards has begun".

Shapps sets deadline for Northern rail decision

January 12, 2020

He reminded MPs that his ongoing consideration of whether to replace the Northern franchise with a short-term management contract under existing operator Arriva Rail North (ARN) or whether the DfT would have to step in as an operator of last resort was "triggered by concern over the financial position of ARN".

Ripple To Power SCB Again!

January 12, 2020

Ripple Labs, which recently raised $200 million in series c funding, will work with the Siam Commercial Bank to develop an app that would facilitate users to send money internationally using a (Quick Response) QR code. He added that with SCB service backed by Ripple, people are now able to easily and instantly receive and send funds to and from their loved ones around the world.

Dow, S&P 500, Nasdaq end at records on lower Iran worries

January 12, 2020

A measure of fear in the stock market dropped to its lowest level in almost two weeks. It was a sharp turnaround from earlier days, when markets tumbled on the threat of war after the United States killed a top Iranian general in a drone strike.

Tesco 'performs well in subdued market'

January 12, 2020

The UK's biggest grocery chain said it outperformed in a "challenging" market, delivering its fifth Christmas in a row of sales growth. That followed relatively subdued updates from the high street following "Black Friday" sales at the end of November.

Dow Falls From All-Time High After Weaker-Than-Expected Jobs Data

January 12, 2020

Wall Street's main indexes started the last day of the week with small gains but seem to be having a hard time making a decisive move in either direction. "The December jobs report was a little softer than expected but not so much so as to stoke big worries about the USA consumer and the health of the overall economy", said Alec Young, the director of global markets research at FTSE Russell .

USA makes 'final push' in United Kingdom 5G Huawei ban bid

January 11, 2020

But Belgium's centre for cybersecurity said in March previous year that there it had found no evidence that Huawei's telecoms equipment was being used for espionage purposes. Washington is seen to be "cocking the pistol", said a person with knowledge of the British government's position on Huawei . Indeed the decision was already supposed to have been made , but was delayed by the departure of previous Prime Minister Theresa May past year.

Iran was plotting attack on four US embassies before Soleimani killing

January 11, 2020

Trump said the United States also carried out the strike over a missile attack on a US military base in Iraq by a Iran-backed militia in December that killed a USA contractor. On Friday, the president released new details as to why the Pentagon believed Soleimani had been an "imminent" threat to the U.S. The larger USA goal is to force Iran to negotiate a new agreement on limiting its nuclear program.

Oil eases as focus shifts from Iran tensions to USA crude build

January 11, 2020

In response, Iran launched more than a dozen ballistic missiles against US military and coalition forces in Al-Asad and Erbil in Iraq on January 8, threatening the secure supply of oil from the Middle East . Oil prices initially spiked this week as a knee-jerk reaction to hostilities. The build, reported on Wednesday by the Energy Information Administration , shocked the market after analysts forecast a drop of 3.6 million barrels.

Bank of England governor hints at imminent interest rate cut

January 11, 2020

Carney added that economic growth in the United Kingdom has slowed below potential and that there is a debate at the MPC over the merits of near-term stimulus to provide support. The response in financial markets was swift as traders priced in a possible quarter-point reduction from the current 0.75%, potentially as soon as the bank's next policy meeting - Carney's last one after seven years at the helm - on January 30.

BMW X2 plug-in hybrid revealed

January 11, 2020

This provides up to 57 kilometres of pure electric driving range, and through the 3.7 kWh onboard charger, the battery can be fully juiced in five hours (or 80% in 3.8 hours) when plugged into a conventional household socket. The company estimates a quarter of the vehicles sold in Europe by then will be electrified, with the percentage estimated to reach 33 by the middle of the decade and 50 percent by 2030.

Bed Bath & Beyond withdraws fiscal outlook; delays store closures

January 11, 2020

The retailer reported $0.34 earnings per share (EPS) for the quarter , beating analysts' consensus estimates of $0.27 by $0.07. As a group, analysts anticipate that Bed Bath & Beyond will post 1.92 earnings per share for the current fiscal year.

December caps Canada's second-best year for jobs since 2007

January 11, 2020

With a logged population of approximately 297,300, roughly 167,000 Windsor residents are employed, representing an employment rate of 56.2 per cent. Nonfarm payrolls rose by 145,000 and the unemployment rate was flat at an ultra-low 3.5% in December.

Lime Scooters Leaving San Antonio After Winning Contract to Operate Here

January 11, 2020

Along with Bird , Lime is one of the biggest shared-electric-scooter companies in the world. Any Lime user, the letter said, "with remaining funds in their Lime account can use that balance in any other active Lime market, or receive a refund by request through our customer support channels".

Kohl's, J.C. Penney drop after posting declines in holiday sales

January 11, 2020

Stores like T.J. Maxx, which offer deep discounts on coveted brands, also have been resonating with shoppers. The retailer said that its adjusted same-store sales - which exclude the impact of its exit from major appliance and furniture categories - were down just 5.3%.

Ghosn vows to cooperate with Lebanese authorities after travel ban

January 11, 2020

Ghosn, 65, managed to flee Japan to Lebanon last month as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies. "A system that violates the most basic principles of humanity". Japan's courts have a 99.4 per cent conviction rate and Ghosn was resigned to the fact that if he didn't flee, he would likely be convicted and die in Japan.

Different Tesla Model Y designs raise questions

January 11, 2020

Musk revealed that Tesla will make the electric SUV Model Y in China after the Model 3 sedan in a clear bid to gain a bigger share in the world's largest vehicle market . Ningbo Huaxiang Electronic Co., a maker of rear-view mirrors, also jumped more than 60%, according to Bloomberg data. It also said the next Ebitda threshold - US$3 billion - is within reach.

Nigeria’s economy to grow by 2.1 percent in 2020

January 11, 2020

Meanwhile, China's growth rate is projected to decelerate to 5.9 percent in 2020, a 0.2 percentage-point reduction from the June forecast, as the world's second-largest economy deals with the fallout from USA tariffs, the World Bank said. Why it matters: Per Axios' Dion Rabouin, this report shows the economic situation is worse than the World Bank had estimated in October , when it cut its projections for a third time.

Taco Bell giving workers raises, new benefits

January 10, 2020

It's a similar argument that Ontario businesses made against increasing minimum wages in the province and in 2018, Progressive Conservative Premier Doug Ford's government scrapped previous policy to increase it to $15/hr in 2019. Taco Bell will also offer all employees 24 hours of paid sick time per year and will begin a brand promotional campaign that will allow employees to express their passion for the brand.

Fed's Richard Clarida says policy appropriate if economy stays on track

January 10, 2020

Monetary policy is in a "good place" - after three rate cuts previous year - and will continue to support growth, Clarida said in a speech. John Williams , president of the New York Federal Reserve Bank , said Thursday that the current environment of low inflation and low interest rates will likely persist for years.

Willie Walsh to retire as IAG CEO in June

January 10, 2020

IAG chairman Antonio Vázquez, called the former CEO one of the main drivers of the merger. Mr Walsh will stand down from the role and from the board of he company in March. "Luis has been a core member of the team and has shown true leadership over the years and I have no doubt he will be a great CEO of IAG". It is a Spanish-registered company with shares traded on the London and Madrid Stock Exchanges.

Do you know what to have ready before tax season?

January 10, 2020

If you want to wait until the last minute the deadline this year is Wednesday, April 15. At the Tax Clinic, the taxpayers who end up facing penalties tend to be people who are working as independent contractors in the newer aspects of the gig or sharing economy - driving for Lyft or Uber, delivering food for Grubhub or delivering packages for Amazon.

GOP Rep. Matt Gaetz explains why he voted for War Powers Resolution

January 10, 2020

Qassem Soleimani , claiming that the head of Iran's Quds Force was planning an attack on the US embassy in Iraq. On Wednesday , the media office of Qais Al-Khazali, an Iraqi politician and leader of the Asa'ib Ahl Al-Haq movement, a subdivision of the PMF, explained on Twitter that the missile attacks on the United States bases, was the initial Iranian response "of the martyred commander Soleimani" and that there is yet to be an Iraqi retaliation over the assassination of Al-Muhandis.

Premier Oil plc Proposed UK North Sea Acquisitions

January 10, 2020

By 2024, Premier now hopes group production will top 100,000 barrels of oil equivalent per day . This would provide an injection of funds to help address the company's perilous financial position. Premier noted a growth of 47% in the stock market in the previous year, owing, in part, to the discovery of oil fields in Mexico and the success of its North Sea's Catcher oilfield.

Winning ticket for $70M Lotto Max jackpot sold in Brampton, Ont.

January 10, 2020

The OLG says six Maxmillions tickets worth $1 million each were sold in Brampton, Hamilton, the Niagara Region, Oshawa, Ottawa and Pickering. Two tickets valued at $500,000 each were purchased in Niagara Falls and Perth County and two tickets worth $333,333.40 each were sold in Richmond Hill and Toronto.

Attackers Could Have Made Private TikTok Videos Public

January 10, 2020

While smartphone users can send an SMS message to themselves that delivers a link allowing them to install the TikTok app, this feature can be hijacked and used to send to unsuspecting users a phony link that could lead their TikTok account to be hacked.

House Passes Resolution Curtailing Trump's Iran Authority

January 10, 2020

In a televised address to the nation from the White House, Trump emphasized there were " no Americans harmed " in the ballistic missile salvo aimed at two bases. Ali Azimi, a 41-year-old engineer, said Iran's retaliation was "excessive". In somewhat mixed messages Thursday, President Hassan Rouhani warned of a "very unsafe response" if the US makes "another mistake", but a senior commander vowed even "harsher revenge".

Advocates push for $15 minimum wage in Vermont

January 09, 2020

While many employers reported they are absorbing the extra cost through lower profits or increasing productivity, the report said some businesses may instead be underpaying staff on the statutory minimum. The association between minimum wage and suicide rates differed by state-level unemployment rate during the 26-year timeframe. The findings were published January 7 in the Journal of Epidemiology and Community Health.

Uber introduces 'favorite drivers' and new price displays for California users

January 09, 2020

The revisions are part of Uber's efforts to fight back against Assembly Bill 5 , which recently became law in California, The Washington Post says. It's more likely, however, that Uber and other gig economy companies will reach a middle ground with California lawmakers, said Tom White, senior vice-president at D.A.

The end of retaliatory actions against the United States

January 09, 2020

The letter was sent ahead of a U.N. Security Council meeting on the U.N.'s Charter, where dozens of countries are expected to speak. 69% said the attack made it more likely Iran would attack American interests in the Middle East. But Craft said as well that the U.S.is "committed to diplomatic negotiations". "Iran must abandon its nuclear ambitions and end its support for terrorism", Trump continued, and added that "the time has come for the United Kingdom, Germany, France, Russia, and China ...

China Says Its Official Will Sign Trade Deal In US Next Week

January 09, 2020

In December, the United States and China , made a formal annoucement of the results of their negotiations to date- a Phase One trade deal as part of a larger bilateral trade agreement to help put an end to the ongoing trade war between the two countries.

App Store spending hit record levels during the 2019 holidays

January 09, 2020

In 2019, Apple paid developers $35 billion, which is only 2.9% higher than the $34 billion in 2018, a significant slowdown compared to the 30% increase in spending in 2017. How insane? Apple has revealed App Store customers spent a whopping $1.42 billion on apps during the period. Apple Card and Apple Pay are accepted in more than 150 stadiums, ballparks, arenas and entertainment venues.

Gold steady as investors still wary of U.S.-Iran conflict risk

January 09, 2020

It wasn't immediately clear whether there were casualties or major damage from the attacks. Fifteen missiles were launched, 10 of which hit the Ayn al-Asad base and another facility in Erbil, US officials said. Focusing on the technical picture, the precious metal is heavily bullish on the daily charts as there have been consistent higher highs and higher lows.

FM's absence from PM's meeting creates buzz on Twitter

January 09, 2020

While PM's meeting began at 1 pm, FM's interaction with party leaders began at 12.30 pm. "Here's a suggestion, next budget meeting, consider inviting the Finance Minister", the Congress said on its official Twitter handle, using the hashtag "FindingNirmala".

Nissan ex-chair appears for 1st time in public after escape

January 08, 2020

Carlos Ghosn's brazen escape from Japan involved millions of dollars and months of careful planning by a team of global experts - including one who deemed the plot "impossible", according to a new report. Prosecutors allege that when Ghosn failed to get Nissan to shoulder the losses, he had a Saudi business acquaintance put up the additional collateral demanded by the bank holding the contracts.

Strike by millions of workers in India hits businesses

January 08, 2020

The nationwide strike comes amid a boycott of classes by students in many universities and colleges across India in solidarity with the students of Jawaharlal Nehru University (JNU), Jamia Millia Islamia (JMI) university and Aligarh Muslim University (AMU) who have come under attack from police, authorities and right-wing outfits.

Rockets Hit Airbase In Iraq Where US Troops Are Located

January 08, 2020

US stock futures fell over 400 points late Wednesday, before trimming some losses, on word that American forces were being fired upon in Iraq . Missiles launched from Iran at two military bases located in Iraq. The latest: The Federal Aviation Administration (FAA) has issued an emergency restriction for airspace around the Persian Gulf due to the "potential for miscalculation or mis-identification", per AP.

Rolls-Royce Cullinan fuels firm's 'remarkable' growth

January 08, 2020

Also, the other models including the Dawn, Phantom, Ghost and the Wraith have made a major contribution to the brand's sales growth in 2019. The company reported strong growth worldwide, with North America still its largest market, at about a third of its sales, followed by China and Europe.

Oil Prices Surge After Iran Attacks U.S. Airbases in Iraq

January 08, 2020

Prices surged during the previous two sessions on fears of escalating conflict and potential Middle East supply disruptions after a Jan 3 Baghdad drone strike killed Qassem Soleimani , head of Iran's elite Quds Force, and Iran vowed revenge.