Markets
Tesla tumbles on new executive departures, Musk interview
- September 10, 2018
FILE- In this June 24, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago. The fallout comes as the firm is under renewed scrutiny due to the erratic behaviour of Mr Musk . (more...)
- September 10, 2018
FILE- In this June 24, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago. The fallout comes as the firm is under renewed scrutiny due to the erratic behaviour of Mr Musk . (more...)
Alibaba chairman Jack Ma to step down in 2019: company
- September 10, 2018
He bought his first computer at the age of 33 and was surprised when no Chinese beers turned up in his first online search for "beer". After he steps down, he will continue to mentor management as part of the "Alibaba Partnership", a 36-member group of core company managers. (more...)
- September 10, 2018
He bought his first computer at the age of 33 and was surprised when no Chinese beers turned up in his first online search for "beer". After he steps down, he will continue to mentor management as part of the "Alibaba Partnership", a 36-member group of core company managers. (more...)
Trump Presses Apple to Shift Production to U.S.
- September 10, 2018
The Trump administration has placed punitive tariffs on $50 billion in Chinese goods and threatened to tax all Chinese imports to the United States. The Trump administration has imposed tariffs of $US50 billion on imports from China , mostly equipment and material used by manufacturers. (more...)
- September 10, 2018
The Trump administration has placed punitive tariffs on $50 billion in Chinese goods and threatened to tax all Chinese imports to the United States. The Trump administration has imposed tariffs of $US50 billion on imports from China , mostly equipment and material used by manufacturers. (more...)
Canada Sheds Jobs in August, Pushing Jobless Rate To 6.0%
- September 09, 2018
One year ago, in August 2017, the jobless rate was 5.4 per cent. Employment fell by 52,000 last month, counteracting almost all of the gains in July and pushing the unemployment rate up 0.2 points to six percent, according to the report. (more...)
- September 09, 2018
One year ago, in August 2017, the jobless rate was 5.4 per cent. Employment fell by 52,000 last month, counteracting almost all of the gains in July and pushing the unemployment rate up 0.2 points to six percent, according to the report. (more...)
Les Moonves Negotiating Exit From CBS
- September 09, 2018
In a statement published after the New Yorker story, Moonves acknowledged "that there were times decades ago when I may have made some women uncomfortable by making advances". CBS, led by Moonves, has opposed the move. CBS shares have dropped 10% this year. Since then, dozens of other women have come forward with similar claims and CBS has launched an internal investigation. (more...)
- September 09, 2018
In a statement published after the New Yorker story, Moonves acknowledged "that there were times decades ago when I may have made some women uncomfortable by making advances". CBS, led by Moonves, has opposed the move. CBS shares have dropped 10% this year. Since then, dozens of other women have come forward with similar claims and CBS has launched an internal investigation. (more...)
Bernie Sanders Takes Aim at Amazon With Stop BEZOS Act
- September 09, 2018
In addition to calling out the company for not paying any federal income tax in 2017, Sanders repeatedly criticized founder and CEO Jeff Bezos , the richest man in the world, because many of his employees rely on public assistance such as the Supplemental Nutrition Assistance Program (formerly called food stamps). (more...)
- September 09, 2018
In addition to calling out the company for not paying any federal income tax in 2017, Sanders repeatedly criticized founder and CEO Jeff Bezos , the richest man in the world, because many of his employees rely on public assistance such as the Supplemental Nutrition Assistance Program (formerly called food stamps). (more...)
Burberry to stop burning unsold items
- September 08, 2018
In effect, it was once again seeking to preserve its brand. Burberry faced criticism from environmental activists back in July when an earnings report showed it had destroyed almost $37 million worth of clothing and perfume in 2017. (more...)
- September 08, 2018
In effect, it was once again seeking to preserve its brand. Burberry faced criticism from environmental activists back in July when an earnings report showed it had destroyed almost $37 million worth of clothing and perfume in 2017. (more...)
China's exports, imports slowed sharply in August
- September 08, 2018
The public comment period on $200 billion of tariffs ended Thursday. The Trump administration has already imposed 25% tariffs on $ 50 billion worth of Chinese goods , meant to punish Beijing for alleged unfair trade practices and intellectual property theft. (more...)
- September 08, 2018
The public comment period on $200 billion of tariffs ended Thursday. The Trump administration has already imposed 25% tariffs on $ 50 billion worth of Chinese goods , meant to punish Beijing for alleged unfair trade practices and intellectual property theft. (more...)
Fuel price hike: Petrol, diesel prices breach record levels on Friday
- September 07, 2018
Petrol and diesel price were Friday hiked by about 50 paisa per litre each - the steepest increase in rates since daily price revision came into effect over 14 months back - to push rates to their highest ever. State-owned oil marketing companies (OMCs) have again increased the price of sensitive petroleum products such as petrol and diesel in the country on Friday. (more...)
- September 07, 2018
Petrol and diesel price were Friday hiked by about 50 paisa per litre each - the steepest increase in rates since daily price revision came into effect over 14 months back - to push rates to their highest ever. State-owned oil marketing companies (OMCs) have again increased the price of sensitive petroleum products such as petrol and diesel in the country on Friday. (more...)
Goldman Sachs Puts Plans for a Crypto Trading Desk on Backburner
- September 07, 2018
The cause apparently dealt with their list of priorities, as well as favoring other ventures. The operation might even be up and running by June, two sources said. The CFO said that Goldman is exploring non-deliverable forwards in cryptocurrency. Some believe it could position itself well in the eyes of Wall Street with a combination of a custodial service and Bitcoin futures trading. (more...)
- September 07, 2018
The cause apparently dealt with their list of priorities, as well as favoring other ventures. The operation might even be up and running by June, two sources said. The CFO said that Goldman is exploring non-deliverable forwards in cryptocurrency. Some believe it could position itself well in the eyes of Wall Street with a combination of a custodial service and Bitcoin futures trading. (more...)
U.S., Canadian trade negotiators set for second day of talks
- September 06, 2018
Canada and the U.S. need to present a text to the U.S. Congress by October 1 in order to join the deal the Trump administration signed with Mexico last week. Mr. Trudeau affirmed that Chapter 19 is a "red line" for Canada. Lighthizer also said American broadcasters operating in border states have also complained about Canadian counterparts picking up the USA signals and redistributing in Canada without consent. (more...)
- September 06, 2018
Canada and the U.S. need to present a text to the U.S. Congress by October 1 in order to join the deal the Trump administration signed with Mexico last week. Mr. Trudeau affirmed that Chapter 19 is a "red line" for Canada. Lighthizer also said American broadcasters operating in border states have also complained about Canadian counterparts picking up the USA signals and redistributing in Canada without consent. (more...)
ANC anxious about 2019 elections while SA faces recession
- September 06, 2018
Imagine the South African economy as a household. The 0,7% downturn in the second quarter of 2018 was a result of a fall-off in activity in the agriculture , transport, trade, government and manufacturing industries. This latest development might also be another litmus test for the President after the unemployment rate in the country rose to 27.2 percent in the second quarter compared to 26.7 percent in the first three months of this year. (more...)
- September 06, 2018
Imagine the South African economy as a household. The 0,7% downturn in the second quarter of 2018 was a result of a fall-off in activity in the agriculture , transport, trade, government and manufacturing industries. This latest development might also be another litmus test for the President after the unemployment rate in the country rose to 27.2 percent in the second quarter compared to 26.7 percent in the first three months of this year. (more...)
Mercedes takes on Tesla with fully-electric SUV
- September 06, 2018
Mercedes-Benz took the wraps off the all-new EQC electric SUV in Stockholm this week, launching the first salvo at Tesla and the quickly approaching competition from its German rivals. As they encroach onto Tesla's turf, traditional luxury manufacturers are trying to capture some of the pioneering electric carmaker's techy glitz. Audi's E-tron will be launched later this month in San Francisco, Tesla's backyard and the heart of the tech community. (more...)
- September 06, 2018
Mercedes-Benz took the wraps off the all-new EQC electric SUV in Stockholm this week, launching the first salvo at Tesla and the quickly approaching competition from its German rivals. As they encroach onto Tesla's turf, traditional luxury manufacturers are trying to capture some of the pioneering electric carmaker's techy glitz. Audi's E-tron will be launched later this month in San Francisco, Tesla's backyard and the heart of the tech community. (more...)
'Do not eat or sell any' Honey Smacks cereal, CDC says
- September 06, 2018
The CDC is back with a stern warning regarding Kellogg's Honey Smacks breakfast cereal: no store should be selling it and no consumer should be eating it. Do not eat any Kellogg's Honey Smacks cereal. However, the contaminated cereal is still being sold in some locations , CDC said, citing the US Food and Drug Administration. (more...)
- September 06, 2018
The CDC is back with a stern warning regarding Kellogg's Honey Smacks breakfast cereal: no store should be selling it and no consumer should be eating it. Do not eat any Kellogg's Honey Smacks cereal. However, the contaminated cereal is still being sold in some locations , CDC said, citing the US Food and Drug Administration. (more...)
Elon Musk calls British cave diver 'child rapist' in new claim
- September 06, 2018
Mr Unsworth's girlfriend, Woranan Ratrawiphukkun, 40, yesterday said she was "no child bride". His brother Kimbal Musk told the newspaper that the reason Mr Musk "seems to attract drama" is because he is "so transparent, so open, in a way that can come back to bite him". (more...)
- September 06, 2018
Mr Unsworth's girlfriend, Woranan Ratrawiphukkun, 40, yesterday said she was "no child bride". His brother Kimbal Musk told the newspaper that the reason Mr Musk "seems to attract drama" is because he is "so transparent, so open, in a way that can come back to bite him". (more...)
Billionaire Founder of JD.com Arrested in Sexual Misconduct Case
- September 06, 2018
Police in the US state of Minnesota are investigating Liu Qiangdong, founder and CEO of Chinese e-commerce giant JD.com Inc. But local officers were vague about the details, only saying that it was a case of criminal sexual misconduct. Danny Law, Hong Kong-based analyst at brokerage Guotai Junan, said that if U.S. police charged Liu, the firm's share price would fall further, but predicted there would not be a sharp crash because of an already steep fall so far this year. (more...)
- September 06, 2018
Police in the US state of Minnesota are investigating Liu Qiangdong, founder and CEO of Chinese e-commerce giant JD.com Inc. But local officers were vague about the details, only saying that it was a case of criminal sexual misconduct. Danny Law, Hong Kong-based analyst at brokerage Guotai Junan, said that if U.S. police charged Liu, the firm's share price would fall further, but predicted there would not be a sharp crash because of an already steep fall so far this year. (more...)
Toyota recalls 2016-2018 Prius models for fire risk
- September 06, 2018
More than half the recalled vehicles are in Japan, according to Reuters . The recall affects some 192,000 Prius hybrids, and concerns an engine wire harness that is connected to the Power Control Unit of the vehicle. Jault added that the issue had led to one incident of a short circuiting in Japan which produced smoke from the vehicle. If a wire core is not exposed, protective tape will be installed on the engine wire harness assembly. (more...)
- September 06, 2018
More than half the recalled vehicles are in Japan, according to Reuters . The recall affects some 192,000 Prius hybrids, and concerns an engine wire harness that is connected to the Power Control Unit of the vehicle. Jault added that the issue had led to one incident of a short circuiting in Japan which produced smoke from the vehicle. If a wire core is not exposed, protective tape will be installed on the engine wire harness assembly. (more...)
Amazon launches Hindi version of website and app
- September 06, 2018
Amazon is boosting its efforts to target the first time buyers by enhancing and simplifying their shopping experience by focusing on generating local language driven content for its customers. "They provide basic customer service in a language the customer understands", Thota said. According to data released recently as a part of Census 2011, the percentage of Indian population with Hindi as their mother tongue has risen from 41.03% to 43.63% since 2001, and is followed by Bengali, Marathi ... (more...)
- September 06, 2018
Amazon is boosting its efforts to target the first time buyers by enhancing and simplifying their shopping experience by focusing on generating local language driven content for its customers. "They provide basic customer service in a language the customer understands", Thota said. According to data released recently as a part of Census 2011, the percentage of Indian population with Hindi as their mother tongue has risen from 41.03% to 43.63% since 2001, and is followed by Bengali, Marathi ... (more...)
Friends prank McDonalds with poster kept up for 51 days
- September 06, 2018
On Monday, Maravilla tweeted out pics of the faked photo. They edited the photo and ordered a large poster print from Office Depot for a little more than $80. After the incident McDonald's applauded the duo for their creativity. In a statement obtained by DailyMail.com, Pearland McDonald's franchisee Mariselle Quijano said, "We take pride in highlighting diversity in every aspect of our restaurants". (more...)
- September 06, 2018
On Monday, Maravilla tweeted out pics of the faked photo. They edited the photo and ordered a large poster print from Office Depot for a little more than $80. After the incident McDonald's applauded the duo for their creativity. In a statement obtained by DailyMail.com, Pearland McDonald's franchisee Mariselle Quijano said, "We take pride in highlighting diversity in every aspect of our restaurants". (more...)
Oil prices drop as storm threat eases on US Gulf coast
- September 06, 2018
The attempt to keep Iranian oil flowing mirrors a step by China , where buyers are shifting almost all their Iranian oil imports to vessels owned by National Iranian Tanker Co (NITC), reported news agency Reuters quoting sources. Also weighing on crude futures was a currency crisis in Turkey. Iran's oil exports are plummeting, as refiners scramble to find alternatives ahead of a re imposition of US sanctions in early November. (more...)
- September 06, 2018
The attempt to keep Iranian oil flowing mirrors a step by China , where buyers are shifting almost all their Iranian oil imports to vessels owned by National Iranian Tanker Co (NITC), reported news agency Reuters quoting sources. Also weighing on crude futures was a currency crisis in Turkey. Iran's oil exports are plummeting, as refiners scramble to find alternatives ahead of a re imposition of US sanctions in early November. (more...)
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