Economy

by | January 17, 2019 | 12:33

Ren Zhengfei , the reclusive founder of Huawei, has used his first major public appearance since 2015 to refute allegations of espionage. Speaking about the US-China trade war, Ren said Huawei was just a "sesame seed" in the middle of the conflict.

by | January 17, 2019 | 09:41

Analysis of polling of more than 6,700 people found 60.2% favour a public vote if MPs can not decide, against 39.8% who oppose it, said the Best for Britain campaign and Hope Not Hate. Noisy crowds of pro- and anti-Brexit protesters in Parliament Square could be heard inside the Palace of Westminster as MPs prepared to vote at 7pm, in a process which culminated in a final result around 7.30pm.

by | January 17, 2019 | 04:43

Staring directly at Corbyn, May said that everyone who thought they could go to Brussels and get a better deal was deluding themselves. He rejected allegations that Russian Federation was gloating in the turmoil, saying that Russian Federation is interested in seeing a "united, strong and, most importantly, independent European Union ".

by | January 16, 2019 | 06:32

Ron Singer, media relations manager for Nav Canada, the corporation that employs Canadian controllers, said all seven of Canada's control centers and numerous country's 40 airport control towers have sent pizza to their American colleagues.

by | January 16, 2019 | 06:31

The Newmont-Goldcorp deal comes three months after Barrick Gold Corp. agreed to buy Randgold Resources in a $5.4 billion deal. The combined company is expected to produce 6-7 million ounces of gold over the next ten years. It would be based in Denver, Colorado with regional offices in Perth (Western Australia), Vancouver (Canada), Miami (United States) and Accra (Ghana).

by | January 16, 2019 | 05:23

Speaking following the vote, Jeremy Coryn described the result as a "catastrophic defeat" for the government. During that two-week period there is no statutory limit on how many times a confidence motion can be brought forward and voted on.

by | January 16, 2019 | 05:12

That compared with about $275.81-billion in 2017. China recorded $323.32 billion in surplus with the U.S.in 2018, representing a 17% jump from the figure in the previous year, according to Chinese government trade data released Monday. However, Beijing's export data had been surprisingly resilient to tariffs for much of 2018, possibly because companies ramped up shipments before broader and stiffer US duties went into effect.

by | January 16, 2019 | 05:09

Ocasio-Cortez's office did not immediately respond when asked what she planned on discussing at the conference. But it's- it's not the same thing as- as the president lying about immigrants. 'Congresswoman Ocasio-Cortez, ' came the answer. Lieberman reportedly commented on this reaction, calling it "kind of silly", according to the New York Post .

by | January 15, 2019 | 03:37

The government shutdown , which was initiated after US lawmakers failed to provide US President Donald Trump with funding for his border wall, has been the longest in US history since entering its 22nd day. The agency has been denying that its employees are taking part in a "sick out" over lack of pay since the shutdown began. "Passengers are encouraged to arrive early and give themselves extra time to check in for their flights and to clear the security checkpoints ", the airport said.

by | January 15, 2019 | 02:44

PG&E Corp, owner of the biggest US power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.

by | January 15, 2019 | 01:47

Since just tweaking the engine was not enough, this special Explorer will be offered with either the ST Street Pack or the ST Track Pack. Ford has previously anticipated that the Explorer Hybrid would return 24 mpg, EPA combined, although its final ratings might land somewhat higher than that.

by | January 15, 2019 | 01:41

Petrol prices rose from $1.24 a litre to $3.31 (2.89 euros), with diesel up from $1.36 a litre to $3.11 starting Sunday - one of the highest pump prices in the world. He won a controversial poll a year ago that was marred by violence and claims of election rigging. "We know we have opened a small window to foreign countries to participate in our industry", he said ahead of talks with his Russian counterpart on Tuesday.

by | January 12, 2019 | 06:59

Energy Information Administration reported on Wednesday, which marked the biggest fall since November 2018. There will be a further cut of 1,00,000 barrels in February. Saudi Arabia's gas reserves were also revised upward to 325.1 trillion standard cubic feet from 307.9 trillion. Saudi Arabia said the new figures have been backed by an independent third-party certification by leading consultants DeGolyer and MacNaughton (D&M).

by | January 12, 2019 | 05:49

Jeff Bezos and wife MacKenzie Bezos have been together for 25 years. Then Lauren was hired to work on one of Bezos" projects, "Blue Origin, ' a space launch company, as a helicopter pilot. Mr Bezos, 54, is now the world's richest man, with a fortune of US$160 billion due to his 16.3% stake in multi-billion dollar tech firm Amazon .

by | January 12, 2019 | 04:57

Air traffic controllers , pilots and other key cogs of the nation's aviation sector on Thursday demanded an end to the partial government shutdown , rallying outside the Capitol to highlight what they say is a growing danger from not reaching a resolution.

by | January 12, 2019 | 04:59

The coin is one of 20 1943 Lincoln pennies mistakenly pressed with copper. To conserve copper, which was considered a strategic metal at the time, the Treasury Department authorized the U.S. Sarah Miller from Heritage Auctions told Fox News , "This is the most famous error coin in American numismatics, and that's what makes this so exciting".

by | January 12, 2019 | 04:03

The recall also involves Luxury Lexus models: ES 350 sedans (2010-2012), GX 460 SUVs (2010-2017), IS 250C and IS 350C convertibles (2010-2015), IS 250 and IS 350 sedans (2010-2013) and Lexus IS-F sedans (2010-2014). Auto owners who are affected by the recall will be notified via mail in January. The most unsafe inflators are in areas of the South along the Gulf of Mexico that have high humidity.

by | January 12, 2019 | 03:53

In fact, it's believed that Apple might be looking to reduce its inventory for the iPhone , particularly as it's nearly a fact that the company overshot its expectations for iPhone sales this quarter. Only the day before yesterday, Apple cut down its production estimates for the 2018 iPhone lineup. Huawei's Mate 20 Pro and P20 Pro, launched previous year, carry three rear cameras.

by | January 11, 2019 | 08:12

And the company expects the profits to remain subdued in the first quarter of 2019 as well, owing to weak seasonality in the memory market. Sales fell 10.6 percent on-year to 59 trillion won over the cited period, the company said. Samsung did not provide net income, which it is to do later this month when it releases final results. Apple receives memory chips and smartphone screens from Samsung and is the South Korean manufacturer's biggest customer, according to data compiled by ...

by | January 11, 2019 | 05:29

China was highlighted as a particular pain point for Apple's first quarter results, with Cook adding that revenue in China accounts for "over 100 percent of our year-over-year worldwide revenue decline". Both firms are checking in on whether Apple failed to inform investors regarding slowing iPhone demand, especially in China, which is the largest smartphone market in terms of volume.

by | January 10, 2019 | 09:42

World markets rose on increasing optimism that the two sides would be able to hammer out a deal ahead of a March deadline and avert further import tariff hikes. The U.S. stock market was supported by advances by technology and other trade-sensitive sectors. China also restarted purchases of American soybeans last month, providing relief for a crop hit by Chinese retaliatory tariffs.

by | January 10, 2019 | 08:54

ESL's ability to finance its purchase by effectively forgiving the retailer's debt will be also be considered at the bankruptcy auction, Schrock said . "It is very surreal", the account tweeted at a user who posted a picture of a Sears store striped of inventory, one of many to shutter its doors. Toys "R" Us took a slightly different tack to reach its almost 2 million followers on Twitter.

by | January 09, 2019 | 11:26

The U.S. and China are also entering what could be called round two of its existing trade war, kicked off mid-last year when President Trump slapped fresh tariffs on Chinese goods. OPEC and its oil-producing allies, including Russian Federation, reached an agreement to slash oil production by a total of 1.2 million bpd on December 7, in a bid to shore up falling prices due to fears of oversupply.

by | January 09, 2019 | 10:26

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods past year and threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property and hacking. Liu led a previous round of talks in Washington past year that ended in failure. The immediate trade issues would be easiest to tackle, while enforcement issues and structural reforms - such as intellectual property rights and market access - would be more ...

by | January 08, 2019 | 03:39

The December DOL report closes out what has been a strong year for the USA economy. Economists expect the report out at 8:30 a.m. ET will show nonfarm payrolls rose by 184,000 jobs last month, according to economists surveyed by Bloomberg.

by | January 08, 2019 | 01:33

The statement came as trade talks between China and the United States were under way in Beijing , the first round of face-to-face discussions since both sides agreed to a 90-day truce in a trade war that has roiled worldwide markets. U.S. -CHINA TALKS: A U.S. delegation led by Deputy U.S. Trade Representative Jeffrey Gerrish sat down for two days of talks with Chinese officials starting Monday.

by | January 07, 2019 | 07:30

IBM Chief Executive Officer Ginni Rometty has used the attention around data privacy to try and differentiate IBM from other tech companies, saying the dominant consumer tech platforms should face more scrutiny from regulators. "If the price of getting a weather report is going to be the sacrifice of your most personal information about where you spend your time day and night, you sure as heck ought to be told clearly in advance", LA city attorney Michael Feuer told the publication .

by | January 05, 2019 | 03:24

Women will make up a record one in four members of Congress, with 102 women set to serve in the incoming House of Representatives. Things were more sedate on the Senate side, where Vice President Mike Pence conducted the swearing in for the chamber's nine new members.

by | January 05, 2019 | 00:44

The Dow and S&P 500 were up 3.4% at mid-day, while the Nasdaq climbed 4.2%. Wall Street stocks were in rally mode on Friday morning (Jan 4) following strong USA jobs data and after the Federal Reserve head acknowledged rising investor angst over global growth.

by | January 05, 2019 | 00:19

Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors anxious the rare stumble was a harbinger for slowing global growth. The statement from one of the world's largest companies will further rattle investors already anxious about the slowing Chinese economy. Too many new products .

by | January 05, 2019 | 00:14

Halo Investing's Jason Barsema and BigEyedWish's Ian Wishingrad on Apple cutting its sales forecast due to a downturn in iPhone sales in China and the outlook for Amazon . Trump said Apple has gone up "hundreds of percent" since he's been president, but added that he wants the company to make its iPhone and other products in the US.

by | January 03, 2019 | 10:11

The company's revenue this quarter will be significantly lower than it had previously indicated, thanks largely to a slowdown in China sales. The company slashed its revenue guidance for the first fiscal quarter of 2019, ended December 29, to $84 billion - sharply lower than analyst forecasts averaging $91 billion.

by | January 03, 2019 | 06:26

Hong Kong airline Cathay Pacific has said it will honour first- and business-class tickets mistakenly sold to travellers for the price of economy fares. Cathay is aware of the pricing issue and will provide more details later, a spokeswoman for the carrier said by phone. Passengers scooped first and business class seats for bargain prices after Cathay Pacific messed up its pricing.

by | January 03, 2019 | 05:29

Neumann might be out, but another big-name company has picked him up: Netflix. In a recent securities filing from Activision Blizzard Inc., it was revealed that the company's current Chief Financial Officer (CFO) Spencer Neumann is pending termination from his role for matters that aren't related to financial performance.

by | January 03, 2019 | 02:57

Shares slid 8.4pc in early dealing, wiping $5bn (£4bn) off its market value, as the company reported that in the three months to the end of December it delivered a total of 90,700 cars, up 8pc on the record set the previous quarter. "We also believe the $2,000 price cut to help subsidize the lower EV tax credit is a move that was not fully expected ". Shares were last down 7.8% at $306.97.