Economy / 105

WD and Micron launch 1TB microSD cards

February 25, 2019

Hot on the heels of the Micron 1TB micro SD card - which claimed the spot at the first - is Western Digital with a 1TB Sandisk Extreme microSD card which takes the crown for being the fastest. Western Digital's SanDisk microSD card offers 160MB/s read speeds, while the Micron card offers read speeds of 100MB/s. Many phones top out at 512GB when it comes to microSD support.

Warnings linger until 7 a.m. Monday; Winds slow to diminish

February 25, 2019

The warning is to be in effect from 4 p.m. Sunday to 7 p.m. Monday . The weather service said the wind could make travel hard for high-profile vehicles in particular, including semi trucks, and it warned cross-winds could cause drivers to lose control of their vehicle.

'Can be justified:' Regulator gives conditional OK to Trans Mountain expansion

February 25, 2019

The Court of Appeal rejected Ottawa's approval of the project a year ago, after it said the board did not adequately consult First Nations or look at the effects of marine shipping. The NEB made 16 new recommendations , ranging from offsetting increased underwater noise to reducing greenhouse gas emissions from ships. The "entire ecological context" of the southern residents is potentially significantly affected because of the project, the board found.

Pinterest is said to file confidentially for US IPO

February 24, 2019

The company is expected to seek a valuation of at least $12 billion, the Journal reported. The IPO listing, aided by main underwriters, Goldman Sachs and JPMorgan Chase, is expected to value Pinterest at an estimated United States dollars 12 billion, Recode reports.

BMW, Daimler Team Up in $1 Billion Transportation Venture

February 24, 2019

BMW and Daimler have now combined their mobility services as announced . "Further cooperations with other providers, including stakes in startups and established players, are also a possible option", Dieter Zetsche, chairman of Daimler's board of management, said in a statement .

Apple And Goldman Sachs Will Reportedly Launch An iPhone-Connected Credit Card

February 24, 2019

And, since Apple will control the card, it will be able to offer special features within the Wallet app for customers. Last year, the iPhone maker it would no longer report how many product units it sold in its quarterly earnings updates.

Volvo XC90 Gets Fresh Look and Better Fuel Economy

February 24, 2019

The new mild hybrid engines feature Volvo's advanced kinetic energy recovery braking system, which is coupled with its existing internal combustion engines to create a new integrated electrified powertrain. Other features on the XC90: cross traffic alert system, auto-brake assistance and oncoming lane mitigation system among others. It's hard to complain about that, however, as the Volvo mid-size luxury SUV is still among the most stylish in its segment.

National Margarita Day: Deals in Central Texas

February 24, 2019

Chili's is offering five different $5 margaritas , and Sedona Taphouse in Troy is selling a new margarita flight for $13. For whatever reason , National Margarita Day is always celebrated on February 22. Miller's Ale House : Miller's Ale House will be following suit, also offering $2.22 on House or Watermelon Margaritas on National Margarita Day at participating locations.

YouTube pulls advertising from anti-vaxxer videos

February 24, 2019

The algorithm changes initially will affect recommendations for a very small set of videos in the USA, with plans to expand internationally. This purge of comments and channel terminations follows after a USA man, called Matt Watson , uploaded a video titled YouTube Is Facilitating the Sexual Exploitation of Children, and it's Being Monetised (2019) which caused a huge backlash from YouTuber Keem Star who shared his thoughts on his channel DramaAlert .

Ford's Fuel Economy Ratings May be Wrong

February 24, 2019

A statement released yesterday says Ford has hired an outside firm to handle the investigation . The statement noted that the issue is not a result of software created to cheat the testing process to obtain more favorable emissions results, which has been used by other automakers and resulted in billions of dollars in fines.

Zimbabwe launches new, discounted currency as banks reopen

February 24, 2019

Inflation peaked at 500 billion per cent before the national currency was abandoned in 2009 in favour of the U.S. dollar and other foreign currencies. The Reserve Bank of Zimbabwe (RBZ) on Wednesday said it would scrap a peg between its quasi-currency bond notes and the US dollar, creating a new currency from the bond notes and notional electronic dollars known as RTGS dollars.

Atlas Air cargo jet crashes near Baytown, Texas, today

February 24, 2019

The aircraft departed Miami International Airport with Houston Intercontinental airport as its destination at 11:33 local time, and crashed "shortly before 12:45", according to an FAA statement. Some said it sounded like the engines were "surging", the sheriff said. Atlas Air Flight 3591 was en route to Houston from Miami when radar and radio contact with the plane was lost about 30 miles southeast of the airport, the agency said in a statement.

Google ends forced arbitration for employees globally

February 24, 2019

In forced arbitration, a company requires an employee to submit any dispute that may arise to binding arbitration as a condition of employment. Ending forced arbitration across the board means that an employee won't have to worry that raising issues like racial discrimination or retaliation along with sexual harassment will get their case sent to arbitration, said Garden.

Yields rise after FOMC minutes show 2019 hikes still possible

February 23, 2019

Those split views suggest that the central bank may not yet have ended its three-year campaign to raise interest rates, but has merely put it on an extended pause. "Anyone thinking maybe the Fed did not intend to send the message (Fed Chairman Jerome) Powell delivered at the press conference can stop wondering".

Microsoft Employees Are Protesting Against $479 Million Army Contract for HoloLens

February 23, 2019

Many similarly spoke out against Microsoft bidding to create cloud services for the Department of Defense past year, citing similar concerns that workers would not know the potential impact of their creations in advance and that "many Microsoft employees don't believe that what we build should be used for waging war".

Honda adds to list of Japanese automakers to cut production in Britain

February 23, 2019

Instead, the Japanese company says it's due to "unprecedented changes in the global automotive industry". Jointly commenting on the Honda announcement relating to the plant in Swindon, Phil Smith, chief executive of Business West, Paul Britton, chief executive of Thames Valley Chamber of Commerce Group, and Dr Adam Marshall, director general of the British Chambers of Commerce, said: "The automotive industry is a bellwether for United Kingdom manufacturing, and has a disproportionate impact ...

Plane Flying Over Pennsylvania Reaches 801 Mph Due to Jet Stream

February 23, 2019

The best way to shorten an worldwide airline flight isn't necessarily to knock yourself out-in the case of one Virgin Atlantic flight from Los Angeles to London , the trick is to catch a whopping big tailwind . Unsurprisingly, the jet stream can have big implications on how quickly aircraft reach their destination. Other planes flying on Monday night also experienced bumps in their speed, including a 737 aircraft - the type flown by Ryanair - which hit 700mph.

Kraft Heinz shares plunge on $12bn loss and huge writedowns

February 23, 2019

Kraft Heinz also recorded $25m in extra costs in the fourth quarter following an internal review triggered by an inquiry by the US Securities and Exchange Commission into accounting practices within its procurement division. The packaged-food giant's charge to reduce the goodwill value of the Kraft and Oscar Mayer trademarks and other assets, coupled with disappointing fourth-quarter earnings and an accounting subpoena from securities regulators, sent the shares tumbling toward what would ...

12m bpd United States crude output dips Oil Price

February 23, 2019

Supply cuts led by the Organization of the Petroleum Exporting Countries and its allies, including Russian Federation, and oil sanctions on Venezuela and Iran helped to limit losses. China had emerged as the biggest buyer of USA oil prior to that. America is the only country to reach 12 million bpd of production. According to the EIA, total motor gasoline inventories decreased by 1.5 million barrels last week, but still about 4 percent above the five-year average for this time of ...

Everything about Govt's New Expanded Definition of 'Startup' and 'Angel Tax' Exemptions

February 22, 2019

Further, there is no requirement of making any application for exemption under this section and there will be no case-to-case examination of startups for exemption under Section 56 (2)(viib ) of Income Tax Act. The declaration will be transmitted by DPIIT to CBDT. To avail these concessions, eligible startups will only have to file a duly signed self-declaration with the DPIIT for availing exemption .

US, China outline deal to end trade war

February 22, 2019

Chinese trade envoy Liu He will lead 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. One of Trump's demands that is easier to fix for Beijing is to reduce the trade imbalance between the two nations. China won't resort to currency depreciation for competitive purposes in trade and hopes the US can respect market rules and not politicize currency issues, ...

MP says United We Roll Convoy made its message loud and clear

February 22, 2019

Amid concerns the convoy had become a magnet for extremist, anti-immigrant activists, organizers stressed the rally was peaceful and open to anyone fed up with the federal government. Marie before mustering at Arnprior, Ont., just outside the capital. He is joining the around 160 others in the convoy. Canadian energy workers deserve a government that supports their industry.

Consumer Reports Removes Tesla Model 3 Recommendation. Will it Affect Tesla Sales?

February 22, 2019

The Model 3 is one of six cars to lose the recommendation, along with the Chrysler 300, Dodge Charger, Acura RDX, BMW 5 Series and Volkswagen Tiguan. The new data from Consumer Reports was derived from its annual Owner Satisfaction survey, whose data encompassed July through September 2018. That kind of love-hate relationship isn't uncommon for iconic vehicles with persistent quality issues, such as the Jeep Wrangler and Chevrolet Corvette, he said.

Alberta Eyes $1.7 Billion Profit From Crude-by-Rail Project

February 22, 2019

CBR (crude-by-rail) shipments of 20,000 barrels per day are expected to commence in July and grow to 120,000 barrels per day by mid-2020. Aside from the tank auto breakdown-3,400 DOT117Js (new) and 1,000 DOT117Rs (retrofits, which would be existing equipment)-it is unknown who the equipment lessor is, and if the DOT117Js will be in addition to those already under construction or will be drawn from the existing fleet.

As U.S. pushes to ban Huawei, UK considers softer approach

February 22, 2019

The UK government could still decide to ban Huawei's technology from its networks after the full review is complete. Bloomberg has reported that the "nightmare scenario" for telephone companies would be if they have to remove Huawei equipment from their systems.

Walmart Beats 4Q Profit, Revenue Expectations as Online Soars

February 21, 2019

Online sales climbed 43%, as the retailer continued to add more products to its website to compete Amazon and achieve its target . Shares rose by 3.4% shortly after the opening bell, breaking the Dollars 100.00 threshold once again. However, global sales fell annually by 2.3% to United States dollars 32.3 Billion. Challenging Amazon The figures produced from Walmart signal that the chain remains robust and able to stand-up to disruptors that only maintain an online presence.

Police believe airport insider was behind Gatwick drone chaos

February 21, 2019

Flights at Dublin Airport were grounded for a short time Thursday, to ensure the safety and security of passengers after a confirmed drone sighting. In December, reported drone sightings resulted in a 36-hour shutdown of London's Gatwick airport - the UK's second-largest airport.

Southwest blames mechanics for hundreds of flight cancellations

February 21, 2019

No such decleration was made in the days following the death of a Wells Fargo executive on a Southwest flight from Dallas to New York City in April 2018 as a result of an engine failure, they argued. Southwest appeared to be blaming its mechanics for much of the disruption. "Our priorities are always first and foremost safety", Southwest's senior director of safety management, Captain Dave Hunt, told CBS News last month.

Dublin shop that sold winning €175 million ticket revealed

February 20, 2019

A spokeswoman said: "We can confirm we have heard from the holder of the winning ticket but are not in a position to give any more details at the moment". The second biggest win was in 2008 when a player from Tipperary won £13 million (15 million euro) in 2008. "We are advising our players to check their tickets and if they are the victor sign the back of the ticket, keep it safe, and contact National Lottery HQ and we will guide you through the claims process".

UK Deeply Disappointed by Honda's Decision to Close Plant

February 20, 2019

The Swindon factory produces 150,000 cars per year and employs around 3,500 people. "They are clear this is based on global trends and not Brexit as all European market production will consolidate in Japan in 2021", he said on Twitter .

Indian SC finds Anil Ambani guilty of contempt in RCom-Ericsson case

February 20, 2019

On February 13, the Supreme Court Bench had reserved the judgment when Ericsson India had alleged that the Reliance Group has money to invest in the Rafale jet deal but they were unable to clear its Rs 550-crore dues, a charge which was vehemently denied by the Anil Ambani-led company.

Amazon Confirms Huge Investment in EV Maker Rivian

February 20, 2019

It is now accepting preorders on its R1T and R1S. The round of equity investment, notably, did not include General Motors, which was rumored to have an interest in the startup company. Elon Musk has said that Tesla plans to release an EV pickup truck capable of withstanding the demands of construction sites and other heavy-duty environments, though this vehicle has not yet been formally announced.

Juncker Again Talks Down May Hours Before Key Brexit Meeting

February 20, 2019

On Tuesday, the government said that plans to find alternatives to the backstop as a way to avoid a hard Irish border had been dropped for now. Prime Minister Theresa May heads back to Brussels on Wednesday to renew her quest to reopen the terms of Britain's Brexit divorce, but appears headed for disappointment.

Trump may woo Kim Jong-un with diplomatic offer at summit

February 20, 2019

I think that North Korea and Chairman Kim have some very positive things in mind. The US State Department said talks during Biegun's trip explored Trump and Kim Jong Un's "commitments of complete denuclearisation, transforming US-DPRK relations and building a lasting peace on the Korean Peninsula".

Drunk woman kicked off Vegas flight after hitting and spitting at passengers

February 20, 2019

Bye". "I didn't do anything wrong", Gonzalez is heard saying to somebody over the phone, before yelling, "Oh, you wanna f***ing tape me, make me viral b****es?" before leaning toward the seat in front of her and seemingly spitting on a seated passenger.

Apple, Google criticized over app that humiliates women

February 20, 2019

The monitoring aspects of the app are used by Saudi men because women in the country are restricted and can not leave the country without permission from their husbands or fathers. Google has not responded to requests from the BBC for comment. One app that misused technology is being heavily criticized now, as are Google and Apple for indirectly supporting it by hosting it in their respective app stores.

De Blasio unloads on fellow progressives

February 19, 2019

NY mayor Bill de Blasio , mulling a presidential run, sought on Sunday to burnish his progressive credentials by accusing Amazon of caring only about "corporate image" when it abruptly made a decision to pull out of building its second headquarters, or HQ2, in Long Island City.

Indian Oil signs first annual deal for USA oil

February 19, 2019

International Brent crude oil futures were at $66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 percent from their last close, but still not far off the 2019 high of $66.83 a barrel hit in the previous session. "China trade talks", said Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas. Earlier in the trading day, news of a fall in Chinese vehicle sales in January had raised concerns about how fuel demand in the world's second-largest oil user might fare.

Majority of flybmi staff laid off after airline´s collapse

February 19, 2019

The loss-making carrier, which employed close to 400 staff, said it had been unable to secure more investment to keep itself going. According to Brussels Airlines, the flight to Turin and Hanover, which were planned for Sunday have been cancelled.

European Union warns of reduced imports if Trump puts tariffs on cars

February 19, 2019

In Europe, the report is regarded as leverage used by the US Administration in ongoing trade talks with the European Union that seek to eliminate tariffs on industrial goods. Juncker said on Monday that he expected Trump to remain true to his word not raise auto tariffs, but if Trump imposed tariffs on European cars despite this agreement, the European Union would react immediately and not feel obliged to stick to its promise to buy more soybeans and liquefied gas from the United States.

Payless liquidation sales begin as company prepares to close all U.S. stores

February 19, 2019

Payless was founded in 1956, and as of January, it had about about 3,600 bricks-and-mortar stores worldwide, including about 2,300 in the USA, operating in all 50 states. Signs at the Miller Hill Mall Payless store have been posted, saying: "Everything must go." and "All sales final". It reorganized and cut millions of dollars in debt, but that doesn't appear to have been enough to save the company.

Honda: Japanese auto manufacturer to SHUT Swindon factory

February 19, 2019

The Swindon factory builds around 160,000 Honda Civics a year, more than 90 percent of which were exported to Europe and the US. Des Quinn, for the Unite union, said a closure would represent "a shattering body blow at the heart of United Kingdom manufacturing".

Payless To Close More Than 2,000 Stores

February 18, 2019

Payless ShoeSource plans to close its entire fleet of USA stores and file for bankruptcy , Reuters reported. The company is set to close all 2,300 locations, the report said . But "in the meantime, the company is preparing to run going-out-of-business sales at its shops in the next week", the source said. The latest victim of the retail apocalypse appears to be Payless ShoeSource .

Oil prices hit 2019 highs amid supply cuts, trade talk hopes

February 18, 2019

Traders will be paying close attention to the volatility in the stock market too since crude oil has been moving lock-step with equity prices since Christmas. In an interview with the Financial Times published on Tuesday, Saudi Arabia's Energy Minister Khalid al-Falih said that the Saudis would cut production to around 9.8 million bpd in March, some 500,000 bpd below the commitment in the OPEC+ deal that began in January.

Payless ShoeSource set to close all United States stores

February 18, 2019

Payless ShoeSource is planning on closing all of its US stores, almost 2,300 locations, in the next few weeks, Reuters reports . The Topeka, Kansas-based retailer has been looking for loans to get through bankruptcy proceedings, the people with knowledge said last week.

Carlos Ghosn's lead defence lawyers resign

February 15, 2019

The move escalates the case against the former chairman after Tokyo prosecutors indicted Ghosn for allegedly understating his income at Nissan by tens of millions of dollars. Renault said in a statement that its board unanimously made a decision to waive Ghosn's "non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation".

Amazon to Acquire eero Network Routers

February 15, 2019

Now, with its latest acquisition of the mesh WiFi router startup Eero , Amazon is further cementing its presence in the home. Eero offers a security service that costs $99 per year. The company was founded in San Francisco in 2014 by Amos Schallich, Nate Hardison, and Nick Weaver. "Every customer deserves reliable and secure WiFi in every room", says Nick Weaver, Eero's co-founder and CEO, in the release.

Axios: More Media for Ocasio-Cortez Than 2020 Dem Candidates

February 15, 2019

Ocasio-Cortez's plan is just one of many emerging proposals to force the wealthy to pay more. Sen. While she has only recently been elected to Congress and is too young to run for President at 29 years, Ocasio-Cortez is a social media phenomenon and is already shaping one of the party's most visible and influential public figures.

Delta Flight Forced to Make Emergency Landing After Severe Turbulence Injures 3

February 15, 2019

After the incident, the flight diverted to Reno-Tahoe International Airport in Nevada , where the pilot made a safe emergency landing at around 4:00 p.m. Passengers were terrified by turbulence on a recent flight. The National Weather Service in Reno had warned that a winter storm was creating "downright risky flying condition with extreme turbulence".

JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency

February 15, 2019

This week, Maria Bartiromo recaps her interview with JP Morgan Chase Chairman and CEO Jamie Dimon , discussing market volatility, impact of tax cuts, U.S-China trade fight, and a possible slowdown in the USA economy. The bank's balance sheet stands at over $2.6 trillion, making it liquid enough to redeem the tokens. The second is for security transactions , with JP Morgan having already tested a debt issuance on the blockchain through the creation of a virtual simulation of a ...

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