Economy

by | March 22, 2019 | 06:59

If her deal is passed, Brussels will give the government until May 22 to pass the legislation that would implement Brexit. Former Cabinet minister Nicky Morgan said Mrs May's attack on MPs was "terribly misjudged" at a time she was seeking to build support in the Commons for her deal.

by | March 22, 2019 | 05:23

Facebook will overhaul its ad-targeting systems to prevent discrimination in housing , credit and employment ads as part of a legal settlement . The Menlo Park, California-based internet giant, criticised for years about privacy breaches, hate speech and its use by Russian Federation and others to interfere with elections, has been under intense scrutiny since last week when an alleged gunman livestreamed the mass murder of 50 people in Christchurch, New Zealand.

by | March 21, 2019 | 03:41

The median rate projection of Fed officials compared with two hikes in the December forecasts, which spooked investors at the time. The Fed said it will stop shrinking its bond portfolio in September, which will help hold down long-term interest rates.

by | March 21, 2019 | 02:24

Developments in the trade talks between the US and China helped pull the market lower earlier in the day. -China trade talks frayed nerves. The Fed's decision Wednesday was approved on an 11-0 vote. United States stocks recorded their steepest December losses since the Great Depression as President Donald Trump publicly hammered Powell to stop raising rates and investors saw the Fed's projected hikes as a policy mistake.

by | March 21, 2019 | 00:58

The Hardeman's case is considered a landmark trial for hundreds of other plaintiffs in the United States with similar claims, which means the verdict could affect future litigation and other cancer patients and families. "Today's verdict reinforces what another jury found a year ago, and what scientists with the state of California and the World Health Organization have concluded: Glyphosate causes cancer in people", Environmental Working Group president Ken Cook said in a statement, ...

by | March 20, 2019 | 07:03

On Monday too, following the similar pattern, Jet Airways informed BSE that four aircraft were informed to be grounded due to non-payment of amounts outstanding to lessors. Jet Airways was India's largest carrier in the 2000s, but it started to lose market share after the entry of low-priced airlines like IndiGo & SpiceJet, who were able to optimise costs and make money in this hotly contested aviation market.

by | March 19, 2019 | 12:57

The announcement comes just four days after the unveiling of the Tesla Model Y , a new seven-seat electric SUV with a range of up to 300 miles. While no official release date has been announced, the SUV is expected to launch during the second half of 2021 and be one of three mass-market vehicles created by the company.

by | March 19, 2019 | 06:29

RCom , which owes a total 5.71 billion rupees to Ericsson , including a one-time settlement of 5.5 billion rupees and interest payments of 210 million rupees, had already deposited 1.18 billion rupees with the Supreme Court in February. At the heart of RCom's asset monetisation plan to pare its debt by around Rs 18,000 crore or so was the deal to sell spectrum to Jio . But the deal could not progress amid regulatory hurdles faced as the Department of Telecommunications wanted a written ...

by | March 19, 2019 | 00:50

On Saturday, the president tweeted that GM "must" reopen the plant, "maybe in a different form or with a new owner, FAST!" 'Get that big, attractive plant in OH open now. "Time is of the essence!" . About 4,500 workers at the Lordstown plant lost their jobs over the last two years as sales of the Cruze model declined sharply, along with another 900 at nearby auto parts suppliers.

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.