Money


Porsche Taycan EV has 20,000 orders already - debuts in September Porsche Taycan EV has 20,000 orders already - debuts in September
- March 10, 2019

Production version of the Porsche Mission E concept , the Taycan was officially named back in mid-2018; however, plenty of details are still a mystery. The Taycan boasts a zero-to-62 mph sprint in 3.5 seconds, along with a range of more than 311 miles according to the generous NEDC test cycle. "The Taycan will be the most sporty and most technically advanced vehicle in its segment - a true Porsche". (more...)
Tesla secures US$521m bank loan agreement to build China factory Tesla secures US$521m bank loan agreement to build China factory
- March 10, 2019

That's the message a group of institutional investors in Tesla Inc .is sending the electric-car maker and Chief Executive Officer Elon Musk in broadening its claim against him Thursday, saying his "repeated misstatements" continue to harm the company and its shareholders. (more...)
Bank of Canada interest rates go untouched amid slowing economy Bank of Canada interest rates go untouched amid slowing economy
- March 10, 2019

It also warned the first half of 2019 - and not just the first quarter as it had predicted in January - appeared to be on track for additional economic disappointment. This was acknowledged in today's statement, which noted that " the slowdown in the fourth quarter was sharper and more broadly based ". While the central bank won't release new economic forecasts Wednesday and there's no press conference accompanying the decision, Deputy Governor Lynn Patterson will give an economic progress ... (more...)
At least 30 injured on Turkish Airlines flight to JFK At least 30 injured on Turkish Airlines flight to JFK
- March 10, 2019

The rest of the injuries were minor injuries like cuts and bruises, officials said. The National Weather Service issued a warning about turbulence for the area. The Port Authority spokesman says other airport operations were not affected. The plane was carrying more than 300 passengers and crew members. (more...)
ECB rate hike bets pushed back to late-2020, money markets show ECB rate hike bets pushed back to late-2020, money markets show
- March 10, 2019

The ECB launched a new round of cheap bank financing and said it would fully reinvest its maturing bond holdings. The China trade data should provide some volatility for all three with sellers emerging on a low print. The dollar weakened 0.2 percent after reaching a new 2019 high against a basket of currencies that includes the euro as traders bet the United States would fare better than Europe in the coming months, despite some soft patches in the US economy. (more...)
Ghosn granted bail under strict conditions in Japan Ghosn granted bail under strict conditions in Japan
- March 10, 2019

A court sketch, drawn by Nobutoshi Katsuyama, shows ousted Nissan Motor Co Ltd chairman Carlos Ghosn during an open hearing at Tokyo District Court in Japan , Jan. The court rejected two earlier requests by Ghosn for bail. Despite that concern, experts said such restrictions were unusual and even harsh in Japan, which has faced worldwide criticism for the prolonged detention of suspects, who are often held until a trial starts, with defence lawyers banned from interrogations. (more...)
Lottery victor grateful after Good Samaritan returns $273M winning ticket Lottery victor grateful after Good Samaritan returns $273M winning ticket
- March 09, 2019

Weirsky, who has been playing the lottery for years, said he checked the tickets at home on Sunday and saw he'd matched the numbers, but couldn't quite believe his eyes. His luck took a turn, however, when he bought two Mega Millions lottery tickets from a convenience store in Phillipsburg, New Jersey for $2 each. (more...)
What Walmart Is Doing to Address Social Backlash Over Greeter Layoffs What Walmart Is Doing to Address Social Backlash Over Greeter Layoffs
- March 09, 2019

Melton has been a Walmart greeter for almost 17 years now and absolutely loves his job. Jay Melton will keep working at the Walmart Supercenter in Marion as a self-checkout host, the corporation announced in a post on Facebook . "We don't think those two are mutually exclusive". Powell and other greeters with disabilities are threatened with job loss as Walmart transforms the greeter position into one that's more physically demanding. (more...)
Airbnb to buy HotelTonight, marking company’s biggest acquisition Airbnb to buy HotelTonight, marking company’s biggest acquisition
- March 09, 2019

Terms of the deal for Hotel Tonight, a mobile applications which connects users to hotels for last-minute bookings, were not disclosed. Airbnb is making a move into hotel booking. Founded in 2010, HotelTonight offers an online travel app that enables users to find discounted hotel accommodation around the world. The availability of boutique hotels-as well as private rooms and entire homes that are instantly bookable-helps ensure authentic, high-quality stays are available on-demand, ... (more...)
Norwich retailer LK Bennett enters administration Norwich retailer LK Bennett enters administration
- March 09, 2019

EY said global operations were not included in the administration process. Administrators at EY will now seek to sell the business. The upmarket fashion chain LK Bennett has collapsed into administration, threatening 500 jobs, after its owners failed to find a new financial backer to keep it afloat. (more...)
Plane makes emergency landing at Newark after fire reported in cargo area Plane makes emergency landing at Newark after fire reported in cargo area
- March 09, 2019

According to the FAA, an Air Transat flight from Montreal to Florida reported a possible fire in its cargo hold. The Boeing 737 landed and remained on the runway while airport firefighters responded, and passengers evacuated via emergency slides, she said. (more...)
Managing misconceptions to make the apprenticeship levy work for businesses - Business Voice Managing misconceptions to make the apprenticeship levy work for businesses - Business Voice
- March 09, 2019

This year, Connells Group also has a new head office apprenticeship programme whereby almost 100 existing members of staff have enrolled in leadership and management development, or customer service courses. Amyas Morse, the head of the NAO, said:'Despite making changes to the apprenticeships programme , the Department has not enticed employers to use available funds or encouraged enough potential recruits to start an apprenticeship. (more...)
Job growth ‘stalled’ in February - ‘adding to signs of a sharp slowdown’ Job growth ‘stalled’ in February - ‘adding to signs of a sharp slowdown’
- March 09, 2019

Revisions as high as 100,000 jobs, plus or minus, are not uncommon. "All this report did was remind people that the economy is decelerating and a moderating economy doesn't create a massive number of new positions", said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. (more...)
SpaceX capsule splashes down after International Space Station test mission SpaceX capsule splashes down after International Space Station test mission
- March 09, 2019

The flight, called Demo-1, was launched on March 2nd and spent five days at the International Space Station (ISS). Six hours later, the capsule carrying a test dummy parachuted into the ocean, a couple hundred miles off the Florida coast. (more...)
Carlos Ghosn Granted Bail And Released From Japanese Jail Carlos Ghosn Granted Bail And Released From Japanese Jail
- March 09, 2019

Ghosn is facing two charges of under-reporting his remuneration in Nissan's securities reports and another allegation of aggravated breach of trust. No date has been set for his trial, which will pit the proud, cosmopolitan European and his star legal team against Japanese prosecutors whose determination to prove their case was evident in their crusade to keep Ghosn isolated in the detention centre. (more...)
IT'S BEEN A SLICE! Pizza pilot delivers for stranded passengers IT'S BEEN A SLICE! Pizza pilot delivers for stranded passengers
- March 09, 2019

With 23 pizzas he helped hungry passengers stuck in the plane for hours owing to snowstorm. After circling Halifax Stanfield International Airport, the plane was eventually diverted to Fredericton, where the plane remained on the tarmac for an extended period of time. (more...)
Butts testimony presents very different picture of JWR affair Butts testimony presents very different picture of JWR affair
- March 08, 2019

The scandal has rocked Trudeau's government. Also on Wednesday, Manitoba Tory MP Candice Bergen characterized Trudeau and Butts as "dumb/dumber" on Twitter, noting how Butts' comment that two people can experience the same conversation differently echoed Trudeau's response to claims he'd groped a woman in 2000. (more...)
QuadrigaCX granted a 45-day stay on proceedings by Canadian Court QuadrigaCX granted a 45-day stay on proceedings by Canadian Court
- March 08, 2019

Robertson has been in charge of managing the company's remaining assets and recovering any lost crypto since Cotten's death. The QuadrigaCX saga is far from over, but the latest development has brought some relief for the controversial exchange. (more...)
Elizabeth Warren says it's time to break up Big Tech Elizabeth Warren says it's time to break up Big Tech
- March 08, 2019

Warren wants to prevent tech companies from being participants on their own platforms as marketplaces - Amazon wouldn't be allowed to sell its own products on Amazon.com, for example. "We need to stop this generation of big tech companies from throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up every potential competitor", Warren wrote. (more...)
Amazon is Seeking to Launch a Grocery Business Amazon is Seeking to Launch a Grocery Business
- March 08, 2019

The online retail giant plans to open its first store in Los Angeles as early as the end of the year, and has already signed leases for at least two other grocery locations with openings planned for early next year, the Journal reported. Amazon hasn't announced whether its new stores will be cashierless, but spokespeople have said Amazon would like to control the parking lots adjacent to its stores to streamline the grocery shopping process. (more...)

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