Markets
Final calculations: US GDP growth revised down sharply to 2.2% in Q4
- March 30, 2019
Most of the downward revision came in the area of personal consumption spending, as was expected earlier, given the sharp downward revisions to December retail sales data. The final reading on a turbulent quarter that included US stocks tumbling to the cusp of a bear market adds to concerns for the world's biggest economy as global headwinds gather from Europe to China. (more...)
- March 30, 2019
Most of the downward revision came in the area of personal consumption spending, as was expected earlier, given the sharp downward revisions to December retail sales data. The final reading on a turbulent quarter that included US stocks tumbling to the cusp of a bear market adds to concerns for the world's biggest economy as global headwinds gather from Europe to China. (more...)
Renault aims to restart Nissan merger talks within 12 months - FT
- March 30, 2019
An external committee of Nissan Motor Co. said Wednesday that concentration of authority in former boss Carlos Ghosn led to his alleged financial misconduct, urging the automaker to abolish the post of company chairman and strengthen supervisory powers of the board. (more...)
- March 30, 2019
An external committee of Nissan Motor Co. said Wednesday that concentration of authority in former boss Carlos Ghosn led to his alleged financial misconduct, urging the automaker to abolish the post of company chairman and strengthen supervisory powers of the board. (more...)
Kia To Showcase Three Concept Cars At The 2019 Seoul Motor Show
- March 30, 2019
The company says the Mohave Masterpiece retains a resemblance to its other SUV models through its sculpted bodywork and bold lines, along with a version of the brand's signature "tiger nose" front grille. Dubbed the Hyundai Venue, it will share the same underlying architecture as the Kia . It still features small, fancy-looking ORVMs and 19-inch alloy wheels (the production model will get 18-inch alloys) but the Kia SP Signature also sports a number of changes over the SP Concept we ... (more...)
- March 30, 2019
The company says the Mohave Masterpiece retains a resemblance to its other SUV models through its sculpted bodywork and bold lines, along with a version of the brand's signature "tiger nose" front grille. Dubbed the Hyundai Venue, it will share the same underlying architecture as the Kia . It still features small, fancy-looking ORVMs and 19-inch alloy wheels (the production model will get 18-inch alloys) but the Kia SP Signature also sports a number of changes over the SP Concept we ... (more...)
Sports Direct considers £61.4 million bid for Debenhams
- March 30, 2019
It added: " Sports Direct would seek to run the Debenhams business for the benefit of all Debenhams stakeholders rather than for the benefit of Debenhams existing lenders". Debenhams really needs to put pride and ego to one side and have a proper conversation with Sports Direct about whether its proposal has merit or whether it can provide another solution'. (more...)
- March 30, 2019
It added: " Sports Direct would seek to run the Debenhams business for the benefit of all Debenhams stakeholders rather than for the benefit of Debenhams existing lenders". Debenhams really needs to put pride and ego to one side and have a proper conversation with Sports Direct about whether its proposal has merit or whether it can provide another solution'. (more...)
Cape Town International named Best Airport in Africa for fourth year running
- March 30, 2019
Last year, Incheon Aiport was at 2nd spot while Tokyo International Airport was at 3rd spot. Tokyo Haneda in Japan placed second, and Seoul Incheon in Korea placed third. Mr Lee Seow Hiang, CEO of Changi Airport Group (right) receiving the Skytrax World's Best Airport Award from Mr Edward Plaisted, CEO of Skytrax (left). (more...)
- March 30, 2019
Last year, Incheon Aiport was at 2nd spot while Tokyo International Airport was at 3rd spot. Tokyo Haneda in Japan placed second, and Seoul Incheon in Korea placed third. Mr Lee Seow Hiang, CEO of Changi Airport Group (right) receiving the Skytrax World's Best Airport Award from Mr Edward Plaisted, CEO of Skytrax (left). (more...)
B.C. ferry stuck after hitting dock near Gibsons
- March 29, 2019
Once crews finally gave the all-clear, two tugboats carefully manoeuvred the Queen of Surrey away from the docks so it could be realigned and the 200-odd passengers could finally be let out, sparking cheers from onlookers. A group of instructors from the Squamish Dance Centre had been waiting since noon. BC Ferries said there are about 250 passengers on the sailing. Transport Canada was also monitoring the situation and providing safety directions, but told CTV News the vessel was ... (more...)
- March 29, 2019
Once crews finally gave the all-clear, two tugboats carefully manoeuvred the Queen of Surrey away from the docks so it could be realigned and the 200-odd passengers could finally be let out, sparking cheers from onlookers. A group of instructors from the Squamish Dance Centre had been waiting since noon. BC Ferries said there are about 250 passengers on the sailing. Transport Canada was also monitoring the situation and providing safety directions, but told CTV News the vessel was ... (more...)
Mike Ashley mulls offer for Debenhams as saga drags on
- March 29, 2019
The billionaire told the stock market that an offer to buy Debenhams' Danish business, Magasin du Nord, for £100m, revealed last week, was one of several that Sports Direct has made to put the department store chain on a more secure footing. (more...)
- March 29, 2019
The billionaire told the stock market that an offer to buy Debenhams' Danish business, Magasin du Nord, for £100m, revealed last week, was one of several that Sports Direct has made to put the department store chain on a more secure footing. (more...)
Ahead of vote, Turkey's Erdogan says USA attacking economy
- March 29, 2019
One of the four co-authors of the bill, Democratic Senator Jeanne Shaheen claimed that "the prospect of Russian Federation having access to US aircraft and technology in a North Atlantic Treaty Organisation country, Turkey , is a serious national and global security risk". (more...)
- March 29, 2019
One of the four co-authors of the bill, Democratic Senator Jeanne Shaheen claimed that "the prospect of Russian Federation having access to US aircraft and technology in a North Atlantic Treaty Organisation country, Turkey , is a serious national and global security risk". (more...)
USA trade deficit narrows sharply as exports rebound
- March 29, 2019
Before you get too excited, the news doesn't necessarily mean that President Trump's year-long tariffs against the world's second largest economy are working, but it does suggest that American companies may have rushed shipments to China in the prior month to beat an expected tariff boost that was supposed to kick in on January 1 before President Trump put them on hold to facilitate a trade deal. (more...)
- March 29, 2019
Before you get too excited, the news doesn't necessarily mean that President Trump's year-long tariffs against the world's second largest economy are working, but it does suggest that American companies may have rushed shipments to China in the prior month to beat an expected tariff boost that was supposed to kick in on January 1 before President Trump put them on hold to facilitate a trade deal. (more...)
EU demands scrutiny of 5G risks but no bloc-wide Huawei ban
- March 29, 2019
Huawei has strongly rejected the allegations and launched a lawsuit against the US government. The issue has taken on more urgency as European Union countries prepare to auction off 5G frequencies to telecoms operators. The EU has already passed a new law to give permanent status to the EU Cybersecurity Agency and to guide on cybersecurity certification. Picture taken June 20, 2018. (more...)
- March 29, 2019
Huawei has strongly rejected the allegations and launched a lawsuit against the US government. The issue has taken on more urgency as European Union countries prepare to auction off 5G frequencies to telecoms operators. The EU has already passed a new law to give permanent status to the EU Cybersecurity Agency and to guide on cybersecurity certification. Picture taken June 20, 2018. (more...)
British Report Highlights Security Issues in Huawei Networking Gear
- March 29, 2019
The development comes amid concerns about the company's involvement in 5G telecoms infrastructure because of claims the firm could be compelled to assist in Chinese state intelligence work, something Huawei has repeatedly denied. Last year, after initially trying to downplay the security concerns from various governments , Huawei committed to investing $2 billion to address long-time concerns that the HCSEC Oversight Board had about Huawei telecommunications hardware. (more...)
- March 29, 2019
The development comes amid concerns about the company's involvement in 5G telecoms infrastructure because of claims the firm could be compelled to assist in Chinese state intelligence work, something Huawei has repeatedly denied. Last year, after initially trying to downplay the security concerns from various governments , Huawei committed to investing $2 billion to address long-time concerns that the HCSEC Oversight Board had about Huawei telecommunications hardware. (more...)
Grindr's Chinese ownership a national security risk, United States government reportedly says
- March 29, 2019
Take Beijing Kunlun Tech Co Ltd, the outfit that has owned LGBTQ dating app Grindr since 2016. As a result of CFIUS' intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun's control for a longer period of time, the sources said. (more...)
- March 29, 2019
Take Beijing Kunlun Tech Co Ltd, the outfit that has owned LGBTQ dating app Grindr since 2016. As a result of CFIUS' intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun's control for a longer period of time, the sources said. (more...)
What kids magazines are included in the Apple News plus service?
- March 29, 2019
Analysts of the credit card industry have found that the rewards program of Apple Card is not significantly different from the already existing similar program in the market. Those late fees - which can go up to $28 for the first time and $39 for subsequent late payments - can add up if you're frequently behind on payments. (more...)
- March 29, 2019
Analysts of the credit card industry have found that the rewards program of Apple Card is not significantly different from the already existing similar program in the market. Those late fees - which can go up to $28 for the first time and $39 for subsequent late payments - can add up if you're frequently behind on payments. (more...)
Lyft valued at US$24.3b in first ride-hailing IPO
- March 29, 2019
Lyft Inc was valued at US$24.3 billion (RM99.1 billion) in the first initial public offering (IPO) of a ride-hailing startup yesterday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. (more...)
- March 29, 2019
Lyft Inc was valued at US$24.3 billion (RM99.1 billion) in the first initial public offering (IPO) of a ride-hailing startup yesterday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. (more...)
WOW Air COLLAPSES: Icelandic airline confirms end of operations - ALL flights cancelled
- March 28, 2019
In the travel alert released on Thursday, Wow Air said that passengers scheduled on flights to or from Iceland with Wow Air on March 28 can cancel their reservation for a full refund, or change their reservation to the next available Wow flight. (more...)
- March 28, 2019
In the travel alert released on Thursday, Wow Air said that passengers scheduled on flights to or from Iceland with Wow Air on March 28 can cancel their reservation for a full refund, or change their reservation to the next available Wow flight. (more...)
Oil settles mixed amid economic slowdown fears
- March 28, 2019
Brent crude futures fell 51 cents, or 0.8 percent, to $67.46 a barrel by 11:59 a.m. EST (1559 GMT). Brent was up 50 cents at $67.71 a barrel at 1003 GMT, not far from its 2019 high of $68.69 reached on March 21. "Estimates for growth and earnings have been revised down materially across all major regions", said USA bank Morgan Stanley. Adding to the fears of a more widespread global downturn, manufacturing output data from Germany, Europe's biggest economy, shrunk for the third ... (more...)
- March 28, 2019
Brent crude futures fell 51 cents, or 0.8 percent, to $67.46 a barrel by 11:59 a.m. EST (1559 GMT). Brent was up 50 cents at $67.71 a barrel at 1003 GMT, not far from its 2019 high of $68.69 reached on March 21. "Estimates for growth and earnings have been revised down materially across all major regions", said USA bank Morgan Stanley. Adding to the fears of a more widespread global downturn, manufacturing output data from Germany, Europe's biggest economy, shrunk for the third ... (more...)
Global energy demand hits fastest pace in 10 years: IEA
- March 28, 2019
Despite the important increase in generation from low-carbon sources, coal- and gas-fired generators were also called upon in 2018 to meet higher electricity demand, the report says. That gain was driven by a basket of factors, mainly robust economic growth, with rising demand in China, the USA, and India accounting for almost 70% of the jump. (more...)
- March 28, 2019
Despite the important increase in generation from low-carbon sources, coal- and gas-fired generators were also called upon in 2018 to meet higher electricity demand, the report says. That gain was driven by a basket of factors, mainly robust economic growth, with rising demand in China, the USA, and India accounting for almost 70% of the jump. (more...)
Apple's New Titanium-Made Credit Card Is Your New Way To Flex
- March 28, 2019
Fortune reported that the card will also come with no annual fee, late fees, over-limit fees, or global fees. Apple recently unveiled its digital-first credit card , Apple Card , as well as a Mastercard-branded physical card for use in places that don't accept Apple Pay. (more...)
- March 28, 2019
Fortune reported that the card will also come with no annual fee, late fees, over-limit fees, or global fees. Apple recently unveiled its digital-first credit card , Apple Card , as well as a Mastercard-branded physical card for use in places that don't accept Apple Pay. (more...)
Air Asia apologises for its "Get off in Thailand" promotion
- March 27, 2019
Malaysian low-priced carrier AirAsia Group Bhd. on Tuesday said it had dropped advertisements of flights between Brisbane and Bangkok, after drawing social media criticism that they used a double entendre that promoted sex tourism. AirAsia is launching new services between Brisbane and Bangkok from June. An AirAsia spokesperson told SBS that the ads have since been removed. "AirAsia can confirm the advertising campaign has ended and we instructed our media partners to have the advertising ... (more...)
- March 27, 2019
Malaysian low-priced carrier AirAsia Group Bhd. on Tuesday said it had dropped advertisements of flights between Brisbane and Bangkok, after drawing social media criticism that they used a double entendre that promoted sex tourism. AirAsia is launching new services between Brisbane and Bangkok from June. An AirAsia spokesperson told SBS that the ads have since been removed. "AirAsia can confirm the advertising campaign has ended and we instructed our media partners to have the advertising ... (more...)
$750 million jackpot at stake in Wednesday Powerball drawing
- March 27, 2019
More than 71,000 tickets sold in Virginia won prizes ranging from $4 to $50,000. The winning numbers in the Saturday, March 23 drawing were white balls 24, 25, 52, 60, 66, plus Powerball 5, and Power Play multiplier 3X. You can see the Powerball drawing live on WITN just before the start of our 11:00 p.m. newscast. In 2018, NY lottery players had quite a string of good fortune in the Powerball game - claiming a cumulative $887.8 million in the last three drawings previous year. (more...)
- March 27, 2019
More than 71,000 tickets sold in Virginia won prizes ranging from $4 to $50,000. The winning numbers in the Saturday, March 23 drawing were white balls 24, 25, 52, 60, 66, plus Powerball 5, and Power Play multiplier 3X. You can see the Powerball drawing live on WITN just before the start of our 11:00 p.m. newscast. In 2018, NY lottery players had quite a string of good fortune in the Powerball game - claiming a cumulative $887.8 million in the last three drawings previous year. (more...)
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