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Volvo XC40 Recharge (with 300 kW) is brand's first electric vehicle
- October 17, 2019

Volvo revealed its first fully electric vehicle , a battery-only version of its compact XC40 crossover, called the XC40 Recharge . As one of the few electric cars on mixed platforms with combustion engines, the XC40 Recharge will have a "frunk" under the front bonnet - for the charging cable, however, the storage compartment seems only practical to a limited extent, because the charging socket is not located at the front, but instead replaces the tank nozzle above the left rear wheel. (more...)

Timeline - GM reaches tentative labour deal with UAW union to end strike
- October 17, 2019

Terry Dittes, the UAW's chief bargainer with GM, said the deal offers "major gains" for 49,000 union workers who have been walking picket lines since September 16. "The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve", UAW Vice President Terry Dittes, director of the UAW GM department, said in a statement. (more...)

Do The Numbers Tell The Whole Story?: Aurora Cannabis Inc.,(NYSE: ACB)
- October 17, 2019

Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. As of now, Aurora Cannabis Inc . has a P/S, P/E and P/B values of 0.00, 17.04 and 1.07 respectively. Particularly for day traders, high volume is crucial, as the higher the volume the more liquid the stock is. (more...)

GM - UAW agreement tentatively reached, could end strike
- October 17, 2019

Some workers on the picket lines said they may not vote for the first offer. The entire membership also must vote. Workers will stay on the picket lines for at least another two days while union committees vote on the deal. It would seem that those effort over the week paid off. The union won cost-of-living adjustments to workers' wages and a guaranteed pension after 30 years of work. (more...)

Ankara Vows to Retaliate for 'Unacceptable' US Sanctions, Threats Over Syria Op
- October 17, 2019

During a visit to Iraq last week, Lavrov met with the leaders of the Kurdish autonomous region and said that Moscow is sympathetic to their needs. Erdogan wants to create a buffer zone stretching 30 kilometres from the border into Syrian territory. (more...)

Panera Bread Employee Fired Over Tik Tok Vid of Mac and Cheese
- October 16, 2019

Realizing she'd stepped in a gooey mess, the employee tried to make amends. "People thought it was fresh?" one commenter said. The woman in the video on Friday announced on Twitter that "I lost my job for this". Plus, it explained that the mac and cheese is still prepared by Panera Bread chefs based on an exclusive recipe. Panera Bread has not confirmed whether or not an employee was actually fired over the video, but the company did confirm the clip's accuracy. (more...)

Irish Premier to raise outcome of citizenship case with Boris Johnson
- October 16, 2019

The Home Office rejected the application on the grounds that it considered Emma DeSouza a British citizen, and said the only way it could deal with the case was for her to "renounce her status as a British citizen". "I raised it in the past from Prime Minister May, and will do so again on Thursday or Friday with Prime Minister Johnson". He said the Tánaiste Simon Coveney would also be raising the issue with the Northern Secretary Julian Smith. (more...)

Volkswagen reportedly mulling Lamborghini sale
- October 16, 2019

The company also wants to double-down its focus on the Volkswagen , Audi and Porsche brands. In any case, Volkswagen does not plan to cut its exposure to the Chinese market , Diess said. For quite a while, investors have urged VW to free up assets, with the company's value absorbed in things like motorcycles, trucks, and supercars. While Ferrari, once part of Fiat Chrysler, is now worth about US$30 billion, VW's key stakeholders have stood in the way of similar moves in Germany. (more...)

Russian Federation keeping rival forces apart in Syria
- October 16, 2019

Caggins, confirmed American soldiers had pulled out of Manbij. But he took action a day before the US Congress is set to return to session, with politicians across party lines deploring what they see as an abandonment of Kurdish allies who fought to destroy the Islamic State group. (more...)

Mnuchin: US, China Have 'Fundamental Agreement'
- October 15, 2019

Imports of American goods sank 20.6 percent from the year before to $10.6 billion, a slight improvement over August's 22 percent decline. China, the world's largest rare earth exporter, sold 3,571 tonnes of rare earths in September, figures from the General Administration of Customs of China showed. (more...)

California utility fully stores power service to customers after massive outages
- October 15, 2019

Governor Newsom also sent a letter to California Public Utilities Commission (CPUC) President Marybel Batjer confirming that the Commission will be conducting a comprehensive inquiry and review of PG&E's planning, implementation and decision-making process failures. (more...)

Harley-Davidson stops production of LiveWire motorcycles due to ‘non-standard condition’
- October 15, 2019

According to the WSJ article, Harley-Davidson has asked customers to avoid charging their LiveWires with their home outlets and instead charge via DCFC at their local Harley-Davidson dealership until the matter is resolved. In a surprising turn of events, Harley-Davidson has temporarily stopped the production and deliveries of its first electric motorcycle, the LiveWire. (more...)

World Bank cuts India's growth projection to 6 percent
- October 15, 2019

India's industrial output growth increased to 6.9 per cent due to an increase in manufacturing and construction. The picture, on the replace hand, acknowledged India turn out to be once expected to enhance to 6.9 percent sing in FY21 and 7.2 percent in FY22, supplied the Reserve Financial institution of India (RBI) persevered to take care of up an accommodative stance and the worldwide stipulations remained benign. (more...)

Facebook Officially Launches Libra, Its Digital Currency
- October 15, 2019

Mastercard , Visa , eBay , Stripe , and Mercado Pago have all followed the steps of PayPal , withdrawing their support from Facebook's Libra Association . The board would soon set up a search committee to appoint a permanent chief executive, Mr Disparte said. But the departure of major financial firms means it can no longer count on a global player to help consumers turn their currency into Libra and facilitate transactions. (more...)

Toyota Mirai concept revealed for Tokyo motor show
- October 15, 2019

It features level four autonomous driving capabilities, which means it can drive itself in all situations but requires a steering wheel and pedals so a human driver could take over if required. Another first for Toyota is the LQ's organic LEDs (OLEDs) which are used on the dashboard and meters, ensuring high visibility. Toyota has claimed that the electricity-powered vehicle has a range of around 300 km on a single charge. (more...)

Mnuchin insists U.S. reached 'fundamental agreement' in China trade talks
- October 14, 2019

The S&P 500 Index was little changed, Europe's Stoxx 600 fell and the yen rose as investors grew pessimistic on the handshake deal. As part of a cease-fire deal announced Friday, China agreed to buy up to $50 billion in USA farm products, while the Trump administration said it would suspend a tariff increase on $250 billion worth of Chinese imports that was set to take effect Tuesday. (more...)

Oil, Iran top agenda as Russia's Putin visits Saudi Arabia
- October 14, 2019

On the eve of Putin's trip, USA troops were evacuating northern Syria as their erstwhile Kurdish allies struck a deal with Assad's Russian-backed army aimed at halting a Turkish offensive. "We condemn any such actions, end of story". "I said yes, we are ready to share anything that might be necessary, everything we have for a thorough investigation", Putin told the media. (more...)

Porsche unveils the mid-range Taycan 4S EV
- October 14, 2019

The Taycan 4S uses the same powertrain layout as the Turbo and Turbo S models. Following the Taycan Turbo S and the Taycan Turbo , the Taycan 4S is therefore the new model in the series. The Taycan 4S comes with Porsche's 4D adaptive chassis, as well as a three-chamber air suspension. The Turbo, meanwhile, has 20-inch wheels (21s on the Turbo S), and Porsche's Surface-Coated brakes are standard. (more...)

GM offers contract directly to employees as UAW talks lack progress
- October 14, 2019

The bump in strike pay comes ahead of the previously scheduled increase on January 1, 2020 and less than one week after top GM and UAW negotiators met with GM Chief Executive Officer Mary Barra in Detroit . Details of the revised GM contract offer made earlier this week first emerged in a screen shot posted on Facebook by an ABC-TV affiliate in Flint, Michigan. (more...)

Federal Reserve to buy $60 billion treasury bills every month
- October 13, 2019

But some strategists say the right level of reserves is between $1.6 trillion and $1.8 trillion. "Purchases will be in addition to the ongoing purchases related to run off of holdings of mortgage-backed securities". The 10-year Treasury falls, pushing yield up nearly 7 basis points to 1.74%; ( TLT -1.3%), ( TBT +2.6%). A man walks past the Federal Reserve Bank in Washington, December 16, 2015. (more...)