Money


Break-in reported at Vancouver home of detained Huawei CFO Break-in reported at Vancouver home of detained Huawei CFO
- December 11, 2018

Her second son is said to be studying at a school in MA but Ms Meng has not been back to the USA since March 2017. The case has rocked the already strained relations between China and the US. Prosecutors have argued that Meng should be denied bail, saying she has vast resources and a strong incentive to flee. He said she has vast resources and a strong incentive to flee because the US fraud charges carry a possible maximum prison term of 30 years. (more...)
Amid likely defeat, May delays Brexit vote by MPs Amid likely defeat, May delays Brexit vote by MPs
- December 11, 2018

May faced a huge rebellion of her own Conservative MPs over the deal , primarily over the backstop clause created to keep open Britain's border with Ireland. The Prime Minister's deal is so bad she isn't even willing to put it to Parliament. Mr Corbyn said the United Kingdom no longer had a "functioning Government" and called on the PM to switch to his party's plans for a "jobs-first deal". (more...)
Macron addresses the nation on Yellow Vest protests Macron addresses the nation on Yellow Vest protests
- December 11, 2018

Mr Macron faces a delicate task: he needs to persuade the middle class and blue-collar workers that he hears their anger over a squeeze on household spending, without being exposed to charges of caving in to street politics. "We can't recover this", the finance minister, Bruno Le Maire, said on RTL radio. "What is important now is to put an end to the crisis and find peace and unity in the country again". (more...)
IPhone sales ban in China as Qualcomm patent fight bites IPhone sales ban in China as Qualcomm patent fight bites
- December 10, 2018

According to Apple , iOS 12 , the newest version of the iPhone operating system, doesn't violate the two patents. "These court orders are further confirmation of the strength of Qualcomm's vast patent portfolio", said Don Rosenberg, Qualcomm executive vice president and general counsel in Monday's statement. (more...)
Over 1,700 arrested in latest yellow vest protests in France Over 1,700 arrested in latest yellow vest protests in France
- December 10, 2018

Several tourist sites, including the Eiffel Tower and Louvre Museum, are closed this weekend. A man walks past a damaged shop near Saint-Lazare railway station in Paris on Sunday. People want change and "concrete, immediate, right now" measures. The appearance will mark the first time Macron has said anything publicly since the riots began; the President has preferred to leave communication with the crowds to his Prime Minister, something that's only thrown fuel on the fire. (more...)
Former Nissan chair Carlos Ghosn charged with financial misconduct Former Nissan chair Carlos Ghosn charged with financial misconduct
- December 10, 2018

Ghosn has been ousted as Nissan chairman and Kelly lost his representative director title, following their arrests, but they both remain on the board. Under Japanese law, suspects can be re-arrested several times for different allegations, allowing prosecutors to question them for prolonged periods - a system that has drawn criticism internationally. (more...)
Tensions escalate between China and Canada after Huawei boss arrest
- December 10, 2018

Meng Wanzhou, Huawei's deputy chairwoman and CFO, is wanted by the USA for allegedly violating trade sanctions against Iran. Over the weekend, China summoned both the Canadian and USA ambassador to protest Meng's detention. sanctions. Her bail hearing resumes in Vancouver on Monday. When asked about the possible Chinese backlash after the arrest of Huawei's CFO, Prime Minister Justin Trudeau told reporters on Friday that Canada has a very good relationship with Beijing. (more...)
Tumblr announces total ban on adult content Tumblr announces total ban on adult content
- December 10, 2018

This ban on nudity comes weeks after the Tumblr app was removed from the App Store for the iPhone and iPad after it was discovered that child pornography could be found on the platform. Another thing, filtering this type of content versus say, a political protest with nudity or the statue of David, is not simple at scale. Indeed, Tumblr has had a bit of a colorful relationship over the years with porn, which has always constituted a significant part of its user-generated content. (more...)
Uber files confidential paperwork for initial public offering Uber files confidential paperwork for initial public offering
- December 10, 2018

Uber's revenue growth slowed in the third quarter to 38 percent. It appears Uber's IPO timeline was pushed forward following reports of Lyft's confidential IPO paperwork. Uber is in a race to the stock market involved with competitor Lyft. While in the United States, in the meantime, some towns fight back against the Expansion of Uber, had pulled the company out of Germany, after an initial Phase of aggressive Expansion in 2015, to a great extent. (more...)
Nissan to recall 150000 more vehicles in Japan after improper inspections Nissan to recall 150000 more vehicles in Japan after improper inspections
- December 10, 2018

Nissan plans to make an announcement on the case later this month and is considering recalling any vehicles improperly tested, it added. "Nissan has newly found several non-conformities that may have caused inaccurate pass/fail judgments", Nissan said in a press statement. (more...)
Following Analyst View on Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) Following Analyst View on Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU)
- December 09, 2018

Given the importance of identifying companies that will grow earnings per share at high rate, we then need to consider how to identify which companies will achieve high growth rates. According to 1 analysts, the Average Revenue Estimate is $145.3 Million for the current Fiscal quarter. The company has Weekly Volatility of 4.57%% and Monthly Volatility of 3.06%%. (more...)
Winter storm slams South with heavy snow, power outages Winter storm slams South with heavy snow, power outages
- December 09, 2018

Potentially heavy snow is also forecast for upstate SC, western North Carolina, southern Virginia and southern West Virginia. A Winter Storm Warning for snow means severe winter weather conditions will make travel "very hazardous or impossible", according to the National Weather Service. (more...)
Madison bell ringer takes off with donation kettle, arrested for theft Madison bell ringer takes off with donation kettle, arrested for theft
- December 09, 2018

They say it's partially because they don't have enough workers to man all the locations . Major Robert Doliber with the Salvation Army said the bell ringer had not yet shown up for his shift when the theft occurred, and doesn't believe there was much money in the kettle. (more...)
Will OPEC's decision to cut production affect consumers? l Inside Story Will OPEC's decision to cut production affect consumers? l Inside Story
- December 09, 2018

The unprecedented agreement forged among Opec and the 11 non-Opec producers, was for a concerted effort to stabilize the global oil market through voluntary production cuts of about 1.8 million barrels per day. But the decision in Vienna needed the agreement of non-OPEC member Russian Federation. "(A cut of) 1.2 million bpd, if implemented promptly and fully, should be enough to largely attenuate, but not eliminate, expected implied global inventory builds in the first half of next ... (more...)
Northeast BC unemployment holds at 4.3% in November Northeast BC unemployment holds at 4.3% in November
- December 09, 2018

Moncton's unemployment rate dropped from 5.8 per cent in October to 5.2 per cent in November . Over 94 thousand new jobs last month lowered the rate to 5.6 per cent. The November employment surge was fuelled by the addition of 89,900 full-time positions. But Friday's report also contained bad items. The average annual growth in hourly wages of regular employees continued to decline in November to 1.46%, the lowest level since July of 2017. (more...)
Job growth slow but steady in November Job growth slow but steady in November
- December 09, 2018

Job gains were apparent in most industries, including significant gains in transportation and warehousing (25,000) and in manufacturing (27,000). The low jobless rate of 3.7 percent - which has been steady for the last few months - remains a bright spot for the Trump administration. (more...)
Southwest Plane Slides off Wet Runway at Burbank Airport Southwest Plane Slides off Wet Runway at Burbank Airport
- December 09, 2018

The Federal Aviation Administration says no injuries were reported during the landing Thursday as a powerful fall storm swept through the region. "Mud was hitting the windows", passenger Grant Palmer CBS Los Angeles . A unique safety system that has been installed at several Bay Area airports may have prevented a catastrophic crash of a Burbank-bound flight out of Oakland Thursday morning. (more...)
Scala gives Skoda a fresh start in the competitive small-car segment Scala gives Skoda a fresh start in the competitive small-car segment
- December 09, 2018

Measuring 4362mm long, 1793mm wide, 1471mm tall, and riding on a 2649mm wheelbase, the Scala is larger in every way than the Rapid it replaces. On the tech front, the new Skoda Scala offers LED headlights and taillights as standard, the Virtual Cockpit setup wrapped around a 10.25-inch display and infotainment systems with screen sizes ranging from 6.5 inches to 9.2 inches. (more...)
Altria to marry pot with big tobacco in $1.8 billion Cronos deal Altria to marry pot with big tobacco in $1.8 billion Cronos deal
- December 08, 2018

The offer represents a 16.2 per cent premium to the stock's Thursday close on the Toronto Stock Exchange . The first Canadian cannabis grower to list its shares on a US stock market, Cronos said it plans to spend the money on product innovation, noting Altria's expertise in device technology and automation, and fuel Cronos's expansion into new countries amid a global shift toward loosening restrictions on the drug. (more...)
U.S. Financial Markets to Shut Wednesday to Honor Bush U.S. Financial Markets to Shut Wednesday to Honor Bush
- December 08, 2018

Bush was a faithful servant of the people for so much of his life. Trump's mockery drew condemnation from the extended Bush political family. He would later serve as an unofficial ambassador to China and director of the Central Intelligence Agency before first running for president in 1980, when he was defeated in the primary race by Ronald Reagan, who would later select Bush as his vice president. (more...)

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