Finance

Venezuela orders closing of embassy & consulates in US

Venezuela orders closing of embassy & consulates in US The Russian leader emphasised that "destructive foreign interference tramples on basic norms of the worldwide law". Guaidó, who organised the opposition march, urged the army to defy the government and yesterday took an oath where he declared himself as "acting president" of the country. [Full Article...]

Pompeo optimistic about U.S China Trade Outcome

Pompeo optimistic about U.S China Trade Outcome President Donald) Trump measures success of his measures by the rise and fall of the Dow Jones average", Fang said. The talks are taking longer than expected as the Chinese commerce ministry had said last week that the meetings would take place on Monday and Tuesday. [Full Article...]

Tesla reduces Model S and Model X production; shares drop

Tesla reduces Model S and Model X production; shares drop The company is scheduled to report fourth-quarter financial results on January 30 after the market's close. Another factor that could hinder future Model 3 sales is that Tesla will soon be shipping more expensive variants to customers in both the USA and Europe. [Full Article...]

TSA screener sick-outs hit 10 per cent over holiday weekend

TSA screener sick-outs hit 10 per cent over holiday weekend The absentee rate one year ago - January 20, 2018 - was 3.1 percent, the TSA said. The TSA said despite the high rate of unscheduled absences, wait times were "within normal TSA times" of 30 minutes in standard lands, and 10 minutes for TSA precheck flyers. [Full Article...]

Drone sightings temporarily ground flights at Newark airport

Drone sightings temporarily ground flights at Newark airport However, planes heading to Newark Airport have been halted until they can clear the backlog of flights. United Airlines, the largest carrier at Newark, said it was aware of the reports of drone activity and was working with the airport and the FAA. [Full Article...]

China Demands U.S. Withdraw Extradition Request For Huawei CFO Meng Wanzhou

China Demands U.S. Withdraw Extradition Request For Huawei CFO Meng Wanzhou Kovrig is a former Canadian diplomat who has been working as the China analyst for the International Crisis Group, an organisation with a mission to "build a more peaceful world". Although she was initially jailed after her detention, Meng was released on bail and remains under house arrest in Vancouver. The arrest of the two Canadians is widely seen as retribution for Canada's arrest of Meng. [Full Article...]

Maruti Baleno officially teased ahead of launch - Bookings open

Maruti Baleno officially teased ahead of launch - Bookings open Some features include rain-sensing wipers, cruise control, ABS, ISOFIX child mounts and dual airbags will be standard across all variants. The company says the new Maruti Baleno 2019 facelift receives "new and aggressive front design" and "class-leading features" that will help it "retain its leadership status in the segment". [Full Article...]

Eurozone economy slowdown 'will be made WORSE by no-deal European Union exit'

Eurozone economy slowdown 'will be made WORSE by no-deal European Union exit' Growth forecasts for the global economy were lowered in October due to the tariff war between the USA and China , but the International Monetary Fund has downgraded projections further as a result of the new automobile fuel emissions standards in Germany , concerns about Italy and a steeper contraction in Turkey. [Full Article...]

China's economic growth slowest since 1990 amid trade war with US

China's economic growth slowest since 1990 amid trade war with US Growth in 2018 was the lowest since 1990's 3.9 per cent in the aftermath of the violent crackdown on pro-democracy protests centred on Beijing's Tiananmen Square the year before. Other recent data has shown industrial output slowing for the first time since 2016, exports declining for seven... "Things are going very well with China and with trade", he told reporters at the White House. [Full Article...]

Huawei not only firm that could build Canada’s eventual 5G networks: Goodale

Huawei not only firm that could build Canada’s eventual 5G networks: Goodale David MacNaughton, in an interview with the Canadian newspaper, said the U.S. has told Canada it will request Meng's extradition, but he did not say when the request will be made. Global News has reached out to the Canadian Embassy in Washington as well as Canada's Department of Justice for comment. China last week threatened repercussions if Ottawa blocked Huawei , a warning the Canadian g... [Full Article...]

International Monetary Fund lowers 2019, 2020 global growth forecast

China announced Monday its GDP had expanded by 6.6 per cent in 2018, down from 2017's 6.9 per cent. Growth in the three months ending in December dipped to 6.4 per cent - the lowest quarterly level since the 2008 global crisis - from the previous quarter's 6.5 per cent. [Full Article...]

Netflix to Spend $15 Billion on Original Content in 2019, Analyst Says

Netflix to Spend $15 Billion on Original Content in 2019, Analyst Says The letter went on to say that in the US, Netflix earns around 10 per cent of television screen time and that when it comes to competition, Netflix competes with (and loses to) Fortnite more than HBO. Netflix earnings this quarter are also strong. The company said on Thursday it would "continue to finance our working capital needs through the high-yield market" for as long its marginal ... [Full Article...]

Google fined $57 million for lack of transparency

Google fined $57 million for lack of transparency The French agency, CNIL, ruled today that the search giant had offered users inadequate information, spreading it across multiple pages, and had failed to gain valid consent for ads personalisation. Although Google's European headquarters is in Ireland, it was decided among the authorities that the case would be handled by the French data regulator, since the Irish watchdog did not have "decisio... [Full Article...]

China's 2018 economic growth sinks to 3-decade low

The cooling of the world's second biggest economy was broadly in line with what economists were expecting. Growth in the three months that ended in December cooled to 6.4 per cent from the previous quarter's 6.5 per cent. But in December, output recorded a rare year-on-year increase of 2 percent after companies stepped up drilling, with monthly output at 16.33 million tonnes, or 3.845 million bp... [Full Article...]

About 77.3 crore emails, passwords have been leaked online

About 77.3 crore emails, passwords have been leaked online In this blog, he mentions that 772,904,991 unique emails and 21,222,975 unique passwords have been exposed. It's made up of many different individual data breaches from literally thousands of different sources. This comes after security researcher Troy Hunt discovered almost 773 million emails and more than 21 million passwords have been exposed in an online database known as Collection #1. [Full Article...]

Tesla cuts thousands of jobs to face 'very difficult' road ahead

Tesla cuts thousands of jobs to face 'very difficult' road ahead But he added the firm's cars were still "too expensive for most people" and the road ahead was "very difficult". The key for Tesla is producing an entry-level vehicle under $50,000, which would put it in direct competition with major automakers. [Full Article...]

Get Ready Because $15/Hr Minimum Wage Is Coming!

Get Ready Because $15/Hr Minimum Wage Is Coming! Wirths, a former labor commissioner and small business owner, proposed a minimum wage package previous year that would increase the minimum wage to $13 an hour and double the earned income tax credit to 80 percent, essentially raising take-home pay for workers commensurate with a $15 minimum wage. [Full Article...]

Trump offers a ‘Dreamers’ deal for border-money proposal

Trump offers a ‘Dreamers’ deal for border-money proposal Jeb Bush, who had a more moderate immigration position when campaigning for the presidency. Trump on Saturday offered a three-year extension in protections for roughly 700,000 "dreamers" who were brought to the United States illegally as children and approximately 300,000 refugees facing an end to temporary legal status. [Full Article...]

Oil rises 3 pct on OPEC plan details, trade hopes

Oil rises 3 pct on OPEC plan details, trade hopes OPEC production cut has come into effect from January 1. "The oil industry can not afford to relapse into another downturn", he said in reference to a 2014-2016 oil market slump. "OPEC's releasing information on how much they've cut, and Saudi Arabia keeps talking about how much more they're going to cut", said Ellen Wald, president of Transversal Consulting, an energy and geopolitics consultancy... [Full Article...]

Stocks Bask in Trade Optimism

Stocks Bask in Trade Optimism The officials asked not to be named as the discussions aren't public. On the economic front, US consumer sentiment index fell to 90.7 in January from 98.3 in December amid growing concerns over USA economic growth, said the report released by the University of MI on Friday. [Full Article...]


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