Economy

by | March 18, 2019 | 11:21

Production in Saudi Arabia dropped by 86,000 bpd in February to 10.09 million bpd. While the US sanctions on Iran and Venezuela have hindered their crude exports, OPEC and Russia's impeded production for the first half of this year is set to lower overall supply on the global market and push prices higher.

by | March 18, 2019 | 11:12

A pre-pack administration lets a company sell itself, or its assets, as a going concern, without affecting the operation of the business. "Following Carillion's collapse , it was generally assumed that there would be a radical reappraisal of the public sector's approach to construction/infrastructure procurement", Klein added.

by | March 17, 2019 | 03:44

Britain's largest auto maker said they will carry out free repairs on the models. It is now working with the Driver and Vehicle Standards Agency (DVSA), which is following up on VCA's work, to "ensure that the recall is administered and managed in line with the recall procedures to ensure the vehicles are rectified as soon as possible", the agency said.

by | March 17, 2019 | 03:16

Despite the company's grand electrification plan, Diess did admit that battery cost continues to be a problem and will particularly be so when it comes to smaller cars. The move will likely be a big gamble for the company, which is now suffering from strained revenues caused by high expenditure on electric drivetrain technologies.

by | March 17, 2019 | 02:59

Really, this was Musk's thinking. But now that Tesla has shown some stability in Model 3 production numbers, the Model Y will give the company a new challenge. A third, even more expensive version will be a performance Model Y that will sell for US$60,000. Tesla said that it will fit the Model Y with 12 ultrasonic sensors and a 525-foot forward radar system that team to power what Musk called "feature-complete" self-driving auto tech.

by | March 17, 2019 | 02:31

China's property investment accelerated in the first two months of the year driven by strong demand in its hinterland and defying a decline in sales, government curbs in bigger markets and a broader economic slowdown. The statistical agency did not provide monthly breakdowns because of the week-long Lunar New Year holiday that fell in early February. But sales of appliances and furniture softened considerably early in the year, possibly linked to a 3.6 percent drop in home sales.

by | March 17, 2019 | 01:31

Uber and Lyft, ride-sharing companies which represent direct competitors in the industry of getting a quick and cheap ride anywhere in the world where Lyft and Uber applications are supported, have submitted their IPO filings to the Securities and Exchange Commission at the end of 2018 around the same time.

by | March 16, 2019 | 03:59

For the past two years, Facebook has been roiled by data scandals , a failure to police its service, and a major shift in strategy to focus on privacy . Meanwhile, Javier Olivan will lead the effort to better integrate the Facebook apps. He was also seen as a standard bearer for Facebook's internal culture, which means that his departure may say even more about the company's future.

by | March 16, 2019 | 02:59

Deals will be available across Jacksonville in all participating locations, including the St Johns Town Center. Since math is a drag and getting hyped about it is probably on the bottom of your list of things to do, allow food to make the fake holiday fun.

by | March 16, 2019 | 02:09

This is the latest development in over 13,000 lawsuits the company is facing across the US. The jury decided against awarding punitive damages, which are created to punish the defendants - in this case Johnson & Johnson and the other companies involved in making the talcum powder - for reckless or negligent behavior.

by | March 15, 2019 | 02:58

Google is celebrating Pi Day , the annual observation of the mathematical constant π, in a big way. The previous world record was for 22 trillion digits by Peter Trueb , using a program called Y Cruncher that was also used by multiple former world record holders.

by | March 15, 2019 | 00:46

But the company said Thursday that it has fixed the problem and that its systems are "recovering". Facebook's shares fell almost 2 percent in morning trading on Thursday. No cause has been given but Facebook said it wasn't a distributed denial of service or cyberattack. Facebook is back at full speed a day after its biggest outage blackout ever .

by | March 14, 2019 | 02:12

The three ads that were taken down had the following message posted below them: "This ad was taken down because it goes against Facebook's advertising policies ". "We must ensure that today's tech giants do not crowd out potential competitors, smother the next generation of great tech companies, and wield so much power that they can undermine our democracy", contends Sen.

by | March 14, 2019 | 01:27

The largest USA wireless carrier by subscribers will offer the "Moto mod" for $50 initially and its customers would not have to pay for 5G for the first three months. The promise of "no data de-prioritization" also applies only to the Moto Mod and early launch cities. Motorola will have the first 5G smartphone - depending on who you ask.

by | March 13, 2019 | 02:44

Nissan will stop production of its upscale Infiniti models in the U.K.as part of a plan to withdraw the brand from Western Europe to focus on North America and China. Infiniti Motor Co, the luxury division of Japanese automaker Nissan , says it's withdrawing from western Europe - offering another blow to carmakers in the United Kingdom bracing for Britain's departure from the European Union.

by | March 12, 2019 | 04:54

As laid out in the first installment of Tesla's master plan more than a decade ago, the company described in clear terms its plan to revolutionize the auto industry by using profits from pricier electric vehicles to develop and manufacture a mass market EV, a car we now know as the Model 3 .

by | March 12, 2019 | 04:46

The Federal Aviation Administration (FAA) said the pilot declared an emergency and reported that several passengers were injured. The national flag carrier will resume all flight operations planned for Atatürk Airport from its new home Istanbul Airport as of the afternoon of April 6 at 2 p.m.

by | March 12, 2019 | 02:55

Fire crews quickly responded at Newark and the passengers were evacuated from the flight using emergency slides. The incident briefly affected other takeoffs and landings at the Newark airport. "The plane landed safely", Coleman told CNN. A Port Authority of NY and New Jersey spokesman said two of the 189 passengers reported minor injuries, and one was taken to a hospital to be examined.

by | March 12, 2019 | 02:25

Nvidia has penned an agreement that will ultimately see it acquire the leading computing company Mellanox for $6.9 billion, or $125 a share. Nvidia gets about a quarter of its revenue from data centres, with the $2.9 billion in sales in 2018 from the segment growing 52 percent year over year.

by | March 12, 2019 | 02:10

In the first weekend of March, Tesla owners staged protests outside Tesla stores and Superchargers in some parts of Asia after the company had announced the massive price cuts , meaning that existing customers for some models in some counties have paid by up to 40 percent more for their Teslas before the price reduction.

by | March 11, 2019 | 10:39

The move is bound to shake up the oil and gas industry as Norway's fund has assets worth some US$37 billion in upstream investments that the government now considers too risky in light of the heightened price volatility post-2014. "The reason they are keeping them is because they think they might increase their renewables, which are of course a direct competitor to oil and gas", said Andrew Grant, a senior analyst at Carbon Tracker, a research organisation that warns investors about ...

by | March 11, 2019 | 10:35

The jet, which was Nairobi-bound, crashed six minutes after take off. Citizens from at least 35 countries were on the Boeing 737-MAX 8, including 19 United Nations workers. The last fatal Ethiopian Airlines passenger plane crash was in 2010 when all 90 on board were killed when the aircraft crashed minutes after take-off from Beirut.

by | March 11, 2019 | 10:32

The U.S.jobs report Friday may show hiring moderated in February. The news came a day after ECB President Mario Draghi delivered fresh stimulus as he downgraded the outlook for the euro area. Thursday's news sent the euro into a tailspin to hit a near two-year low against the dollar, while equity markets across Europe and the USA ended in the red.

by | March 11, 2019 | 10:31

Tesla is taking steps to start Model 3 production in China. The price slash for Model X P100D is the most significant at 341,000 yuan. At the time, Tesla did not reveal the selling price for the land. Nio CEO William Li said in an earnings call that the cooperative mode is endorsed by the Chinese government. In its filing, Tesla said it had amended its asset-backed lending credit agreement with a syndicate of banks, increasing revolving commitments by 500 million to a total of 2.425 ...

by | March 11, 2019 | 10:27

From January of 2018 to January of 2019, the Bureau of Labor Statistics estimates that MA added 27,200 jobs. State labor secretary Rosalin Acosta said the state has maintained low unemployment despite significantly boosting its labor force.

by | March 11, 2019 | 10:28

Experts attribute the bounce back to companies rushing orders before the Lunar New Year holiday in China . Imports also slumped. They totaled 309 billion dollars, a drop of 3.1 percent. U.S. trade deficit had reached a record high in 2018, as lower tax triggered strong domestic demands had been fueling imports despite Trump's America first policies, targeted at shrinking a growing trade gap.

by | March 11, 2019 | 10:27

The breakdown in the numbers was also positive, with 67,400 new full-time jobs offsetting a loss of 11,600 part-time positions. Stats Canada states that positions in those areas have been up since March 2018 and have risen by 6.8% since last February.

by | March 10, 2019 | 03:38

Ghosn was photographed leaving in a white hospital mask, a blue cap worn by electricians, a mismatching uniform jacket, and pants with orange reflective stripes typically worn by construction workers. Ghosn, who was arrested on November 19 over alleged financial misconduct, was detained for 108 days before being released on 1 billion yen ($9 million) bail.

by | March 10, 2019 | 03:10

Dozens of demonstrators attempted to walk along an avenue in Caracas but were moved onto the sidewalk by police in riot gear, leading them to shout at the officers and push on their riot shields. Its cause is still unknown. "They always say the same thing", said Carlos Ramos, an economist who was waiting to see a doctor outside the darkened lobby of a Caracas hospital.

by | March 10, 2019 | 01:15

Zuckerberg framed the strategy as a user choice, including the phrase "people want" six times in his blog post, and citing the fast growth of ephemeral and private communication on his company's services. On the other hand, a more secure exchange of communication will allow Facebook to gain people's trust with regards to e-commerce, payments, within its service.

by | March 09, 2019 | 01:47

In Warren's post on Friday, Apple was not mentioned. "To restore the balance of power in our democracy, to promote competition, and to ensure that the next generation of technology innovation is as vibrant as the last, it's time to break up our biggest tech companies".

by | March 09, 2019 | 01:47

Ghosn, who faces financial misconduct charges, walked out of prison earlier on Wednesday slipping past reporters in a face mask. "I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations", Mr Ghosn said in a statement.

by | March 08, 2019 | 08:43

Guaido had secretly left Venezuela for Colombia, in violation of a Supreme Court order, to coordinate efforts there on February 23 to send humanitarian aid into Venezuela to alleviate widespread shortages of food and medicine. "That's ultimately a decision for Venezuelans to make", Mr Abrams said. The United States and other countries had warned Mr Maduro not to move against his adversary, and he possibly realised arresting his foe could generate more street protests.

by | March 08, 2019 | 02:41

Police suspect that the dentist, Preethi Reddy , was murdered by her ex-boyfriend who could not cope with the prospect of her breaking up with him. The gruesome discovery followed her former boyfriend fatally driving his BMW into a semi-trailer on the New England Highway on Monday night .

by | March 08, 2019 | 02:24

Trump tweeted that Gottlieb "has done an absolutely terrific job", adding "he and his talents will be greatly missed". Dr. Gottlieb also spearheaded the FDA's push to approve more generic drugs and shame brand-name manufacturers that boxed out competition in the market, as Mr.