Money
Tesla Issues Recall for Model X Steering Issue
- February 14, 2020
Tesla shifted gears Thursday and said it would issue new shares to raise fresh cash, as the electric carmaker responded to the coronavirus epidemic impact on its Shanghai factory and the China auto market. Others are capitalizing on the opportunity to throw jabs at the company. Elon Musk's big payday may be closer than you think. I need the money. The rear wheel drive (RWD) Long Range Model 3 was one of the original configurations available when Tesla first introduced the ... (more...)
- February 14, 2020
Tesla shifted gears Thursday and said it would issue new shares to raise fresh cash, as the electric carmaker responded to the coronavirus epidemic impact on its Shanghai factory and the China auto market. Others are capitalizing on the opportunity to throw jabs at the company. Elon Musk's big payday may be closer than you think. I need the money. The rear wheel drive (RWD) Long Range Model 3 was one of the original configurations available when Tesla first introduced the ... (more...)
Protest blockades prompt CN, VIA Rail to shut down rail service
- February 14, 2020
Via Rail also said it cancelled passenger train service once again between Toronto and Kingston and Montreal until normal operations can resume. "You do not need to contact VIA Rail to confirm the refund, but note that due to the volume of transactions it may take up to 15 days to receive", says VIA Rail. (more...)
- February 14, 2020
Via Rail also said it cancelled passenger train service once again between Toronto and Kingston and Montreal until normal operations can resume. "You do not need to contact VIA Rail to confirm the refund, but note that due to the volume of transactions it may take up to 15 days to receive", says VIA Rail. (more...)
Hyundai to partner U.S. startup Canoo to develop EVs
- February 14, 2020
The platform is also what is expected to underpin Hyundai and Kia Purpose Built Vehicles (PBV)-such as those shown by Hyundai at this year's CES-that are meant to be self-driving. Moreover, Hyundai, in January this year enunciated its plan of investing approximately more than Dollars 87 billion in the next five years to augment its presence in future mobility markets. (more...)
- February 14, 2020
The platform is also what is expected to underpin Hyundai and Kia Purpose Built Vehicles (PBV)-such as those shown by Hyundai at this year's CES-that are meant to be self-driving. Moreover, Hyundai, in January this year enunciated its plan of investing approximately more than Dollars 87 billion in the next five years to augment its presence in future mobility markets. (more...)
Airbus reports net loss of 1.36bn euros for previous year
- February 14, 2020
The company said its operating profits rose 19 per cent to 6.9 billion euros (USD 7.5 billion), adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019. The company said commercial aircraft orders increased to 768 a year ago from 747 in 2018. Nonetheless, Faury acknowledged some Chinese airlines had requested "very short-term" postponements of new jet deliveries that he described as logistical. (more...)
- February 14, 2020
The company said its operating profits rose 19 per cent to 6.9 billion euros (USD 7.5 billion), adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019. The company said commercial aircraft orders increased to 768 a year ago from 747 in 2018. Nonetheless, Faury acknowledged some Chinese airlines had requested "very short-term" postponements of new jet deliveries that he described as logistical. (more...)
Bezos buys Warner Estate in Beverly Hills for record $165 million
- February 13, 2020
The Wall Street Journal said Bezos purchased three NY apartments earlier this year in a deal valued at about $80 million. Citadel founder Ken Griffin plunked down record $238 million for a NY penthouse at 220 Central Park South. There are also two guest houses on the property. Amazon will pay $162 million in tax on $13.3 billion in profit, which equates to 1.2 percent. Amazon CEO Jeff Bezos , right along with American news anchor Lauren Sanchez poses for photographs during a blue carpet ... (more...)
- February 13, 2020
The Wall Street Journal said Bezos purchased three NY apartments earlier this year in a deal valued at about $80 million. Citadel founder Ken Griffin plunked down record $238 million for a NY penthouse at 220 Central Park South. There are also two guest houses on the property. Amazon will pay $162 million in tax on $13.3 billion in profit, which equates to 1.2 percent. Amazon CEO Jeff Bezos , right along with American news anchor Lauren Sanchez poses for photographs during a blue carpet ... (more...)
Brandless, the pioneering Amazon alternative, shuts down
- February 13, 2020
In a statement provided to the Protocol media outlet, the company cited a "fiercely competitive" retail market. Instead, Brandless is being forced to lay off its more than 70 employees and shut down . In the moment, Evan Price, Brandless's afterward CFO, became the organization's interim CEO. His plan, according to Protocol , was to take more Brandless products to physical stores, but last December, he had quietly resigned and left Brandless. (more...)
- February 13, 2020
In a statement provided to the Protocol media outlet, the company cited a "fiercely competitive" retail market. Instead, Brandless is being forced to lay off its more than 70 employees and shut down . In the moment, Evan Price, Brandless's afterward CFO, became the organization's interim CEO. His plan, according to Protocol , was to take more Brandless products to physical stores, but last December, he had quietly resigned and left Brandless. (more...)
Powell says US Fed to aggressively use QE to combat next recession
- February 13, 2020
That means it is much more likely that we will have to turn to the tools that we used in the financial crisis when we hit the lower bound", Powell told lawmakers before the Senate Banking Committee. In his remarks before the questions, Powell said, "we are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy". (more...)
- February 13, 2020
That means it is much more likely that we will have to turn to the tools that we used in the financial crisis when we hit the lower bound", Powell told lawmakers before the Senate Banking Committee. In his remarks before the questions, Powell said, "we are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy". (more...)
Britain's economy shows no growth in the fourth quarter
- February 13, 2020
The stagnation in the fourth quarter compares with a 0.5 per cent rise in the period before. In December alone, the economy expanded by 0.3 percent. "With Brexit uncertainty reaching fever pitch, the political goalposts were changing by the day throughout 2019 and to read too much into output during the year could be erroneous". (more...)
- February 13, 2020
The stagnation in the fourth quarter compares with a 0.5 per cent rise in the period before. In December alone, the economy expanded by 0.3 percent. "With Brexit uncertainty reaching fever pitch, the political goalposts were changing by the day throughout 2019 and to read too much into output during the year could be erroneous". (more...)
Algeria: OPEC calls for more oil cuts on coronavirus impact
- February 13, 2020
The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for global growth in oil demand due to coronavirus by 230,000 bpd - a fairly modest assessment compared with other forecasters. The global crude benchmark traded at a US$3.97 premium to WTI for the same month. The U.S. government on Tuesday cut its growth forecast for this year by 310,000 bpd. (more...)
- February 13, 2020
The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for global growth in oil demand due to coronavirus by 230,000 bpd - a fairly modest assessment compared with other forecasters. The global crude benchmark traded at a US$3.97 premium to WTI for the same month. The U.S. government on Tuesday cut its growth forecast for this year by 310,000 bpd. (more...)
Coronavirus: 'Way too early' to predict end of outbreak, World Health Organization says
- February 13, 2020
The National Health Commission said 2,015 new cases had been tallied Tuesday, the second straight daily decline and down from almost 3,900 a week ago. Infectious disease specialist Dr. Isaac Bogoch explains how the report got it wrong. President Xi Jinping chaired a meeting of the ruling Politburo Standing Committee after figures showed that the number of new cases dropped for the second straight day, fuelling hopes the epidemic could peak later this month. (more...)
- February 13, 2020
The National Health Commission said 2,015 new cases had been tallied Tuesday, the second straight daily decline and down from almost 3,900 a week ago. Infectious disease specialist Dr. Isaac Bogoch explains how the report got it wrong. President Xi Jinping chaired a meeting of the ruling Politburo Standing Committee after figures showed that the number of new cases dropped for the second straight day, fuelling hopes the epidemic could peak later this month. (more...)
Google HR chief to step aside amid growing worker activism
- February 13, 2020
In latest years, the Google office has been disrupted by worker opposition to top-level selections starting from forging contracts with the USA navy to tailoring a model of the search engine for China. They plan that search to take place both within Google's ranks and outside of the company. He added, "We're grateful to Eileen for all she's done and look forward to her next chapter at Google". (more...)
- February 13, 2020
In latest years, the Google office has been disrupted by worker opposition to top-level selections starting from forging contracts with the USA navy to tailoring a model of the search engine for China. They plan that search to take place both within Google's ranks and outside of the company. He added, "We're grateful to Eileen for all she's done and look forward to her next chapter at Google". (more...)
Non-subsidised LPG cylinder rates hiked sharply across metros
- February 12, 2020
Fuel retailers usually revise prices every month. With the increase, the subsidy burden for the government will also jump by nearly 100 per cent with Centre deciding against revising the price of the subsidised cooking gas cylinder provided to households and those receiving LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY). (more...)
- February 12, 2020
Fuel retailers usually revise prices every month. With the increase, the subsidy burden for the government will also jump by nearly 100 per cent with Centre deciding against revising the price of the subsidised cooking gas cylinder provided to households and those receiving LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY). (more...)
Chinese GP to be called off over Covid-19
- February 12, 2020
He also said F1 is monitoring the status of Vietnam, which shares a border with China. A congested race calendar from the middle of the season onwards means F1 is unlikely to find a suitable date which avoids a triple header. The World Health Organisation announced the coronavirus to be a global health emergency two weeks ago, with the Formula E event in March and all other sporting events having been canceled as well in the foreseeable future. (more...)
- February 12, 2020
He also said F1 is monitoring the status of Vietnam, which shares a border with China. A congested race calendar from the middle of the season onwards means F1 is unlikely to find a suitable date which avoids a triple header. The World Health Organisation announced the coronavirus to be a global health emergency two weeks ago, with the Formula E event in March and all other sporting events having been canceled as well in the foreseeable future. (more...)
British Ports Association welcomes Freeports Consultation
- February 12, 2020
With Brexit done, the United Kingdom plans to announce the location of up to 10 new free ports - scheduled to begin operating in 2021 - by the end of this year, the government said. They can also be used to import raw materials and make finished goods for export. It is also possible that with these taxes the costs of hiring workers can be reduced as well. (more...)
- February 12, 2020
With Brexit done, the United Kingdom plans to announce the location of up to 10 new free ports - scheduled to begin operating in 2021 - by the end of this year, the government said. They can also be used to import raw materials and make finished goods for export. It is also possible that with these taxes the costs of hiring workers can be reduced as well. (more...)
China’s Smartphone Sales Predicted To Fall By 30-50% in Q1, 2020
- February 12, 2020
Chinese smartphone manufacturers such as Huawei had hoped that the rapid development of 5G in China this year would help the world's largest smartphone market rebound after years of decline in overall sales. Xiaomi did not respond to requests for comments. IDC analyst, Will Wong, also further added that "the delays in reopening factories and the labor return time will not only affect shipments to stores, it will also affect the product launch times in the mid- and long-term". (more...)
- February 12, 2020
Chinese smartphone manufacturers such as Huawei had hoped that the rapid development of 5G in China this year would help the world's largest smartphone market rebound after years of decline in overall sales. Xiaomi did not respond to requests for comments. IDC analyst, Will Wong, also further added that "the delays in reopening factories and the labor return time will not only affect shipments to stores, it will also affect the product launch times in the mid- and long-term". (more...)
Challenger bank N26 to close United Kingdom accounts in April
- February 12, 2020
Accounts will operate as normal until 15 April, by which time funds should be transferred. Just a few months after it announced plans to expand its Irish presence, N26 has said it will pull out of the United Kingdom market entirely. "Why bother to get and try to maintain a license in a country where you've struggled to gain traction and you're up against serious competition?" When N26 launched in the United Kingdom it drove a big marketing push - the price tag for which has not been ... (more...)
- February 12, 2020
Accounts will operate as normal until 15 April, by which time funds should be transferred. Just a few months after it announced plans to expand its Irish presence, N26 has said it will pull out of the United Kingdom market entirely. "Why bother to get and try to maintain a license in a country where you've struggled to gain traction and you're up against serious competition?" When N26 launched in the United Kingdom it drove a big marketing push - the price tag for which has not been ... (more...)
Judge approves $26B T-Mobile, Sprint merger
- February 12, 2020
The U.S. mobile landscape is on track to look a whole lot different. It certainly has the big ones in the form of the OKs from the FCC and Department of Justice. T-Mobile also will be hosting Dish as an MVNO while it builds a greenfield 5G network. Now Dish faces up to $2.2 billion in fines if it fails to create a 5G network that serves 70% of the country by 2023. (more...)
- February 12, 2020
The U.S. mobile landscape is on track to look a whole lot different. It certainly has the big ones in the form of the OKs from the FCC and Department of Justice. T-Mobile also will be hosting Dish as an MVNO while it builds a greenfield 5G network. Now Dish faces up to $2.2 billion in fines if it fails to create a 5G network that serves 70% of the country by 2023. (more...)
Shenzhen denies putting halt on Foxconn’s production resumption
- February 11, 2020
But only about 10 percent of the workforce - or about 16,000 people - were reportedly able to return to their jobs. Foxconn of Taiwan received approval to resume production at a plant in Zhengzhou City in northern China , which had been closed due to an outbreak of coronavirus, a person with direct knowledge of the matter told Reuters . (more...)
- February 11, 2020
But only about 10 percent of the workforce - or about 16,000 people - were reportedly able to return to their jobs. Foxconn of Taiwan received approval to resume production at a plant in Zhengzhou City in northern China , which had been closed due to an outbreak of coronavirus, a person with direct knowledge of the matter told Reuters . (more...)
U.S. Job Figures Get Boost From Warm Weather
- February 11, 2020
Nevertheless, January's job report handily beat the consensus estimate of 160,000 new jobs. The unemployment rate inched up to 3.6%, near a 50-year low, according to a new report from the Labor Department . Job gains occurred in couriers and messengers (14,000 added jobs) and in warehousing and storage (6,000 added jobs). For all veterans, the unemployment rate rose from 3.1% to 3.5%. (more...)
- February 11, 2020
Nevertheless, January's job report handily beat the consensus estimate of 160,000 new jobs. The unemployment rate inched up to 3.6%, near a 50-year low, according to a new report from the Labor Department . Job gains occurred in couriers and messengers (14,000 added jobs) and in warehousing and storage (6,000 added jobs). For all veterans, the unemployment rate rose from 3.1% to 3.5%. (more...)
With impeachment nearly over, Trump faces Congress in prime-time speech
- February 06, 2020
After the Senate on Friday voted to bar new witness testimony and subpoenas for documents, Trump's acquittal has seemed all but assured. Among the made-for-TV moments in President Donald Trump's State of the Union speech: The military husband of one of Trump's guests had returned home from deployment and surprised his family. (more...)
- February 06, 2020
After the Senate on Friday voted to bar new witness testimony and subpoenas for documents, Trump's acquittal has seemed all but assured. Among the made-for-TV moments in President Donald Trump's State of the Union speech: The military husband of one of Trump's guests had returned home from deployment and surprised his family. (more...)
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