Business

Business China Warns Of 'Grave Consequences' Over Arrest Of Huawei Executive
Author: 0 China Warns Of 'Grave Consequences' Over Arrest Of Huawei Executive

Ms. Meng , the daughter of Huawei's founder, was detained December 1 during a layover at Vancouver International Airport at the request of the USA on suspicion of violating US sanctions against trading with Iran. A judge in the US District Court for the Eastern District of NY issued a warrant for Meng's arrest on August 22, it was revealed at the hearing Friday.

Business Winter Storm Impacts Charlotte
Author: 0 Winter Storm Impacts Charlotte

As many as 383,341 people were without power in the South East including 246,524 outages in North Carolina and 99,571 in SC, according to Power Outage.US. Crews in SC have dumped 156,000 gallons of brine on roads in the western part of the state to keep ice from building up as long as possible. For Floridians heading to the Carolinas , you might have trouble leaving Central Florida on Monday as 10 flights have been canceled , a lot of them were heading to Charlotte, N.C.

Business London share prices PLUMMET amid US-China trade war fears — FTSE latest
Author: 0 London share prices PLUMMET amid US-China trade war fears — FTSE latest

If the two had failed to reach an agreement, the US would've seen $200 billion worth of Chinese goods have their tariffs increase from 10% to 25% at the beginning of 2019. Yet Kudlow said later that there was no "specific agreement" regarding auto trade, though he added, "We expect those tariffs to go to zero". Almost all the cars they sell in China are made there.

Business French govt. could consider bringing back wealth tax
Author: 0 French govt. could consider bringing back wealth tax

France remains on edge after the "yellow vest " protests degenerated into some of the worst violence in decades in central Paris last Saturday. In all, four people have been killed and hundreds injured in clashes or accidents stemming from the protests.

Business OPEC members expected to agree cut in crude production
Author: 0 OPEC members expected to agree cut in crude production

Brent oil futures fell as much as 5 percent to below $59 per barrel on fears that there could be no deal but later recovered somewhat, trading down 2 percent by 1325 GMT. Trump has continued to support the kingdom despite worldwide outrage over the murder but he is at the same time keeping up the pressure for lower prices.

Business USMCA takes significant step for trade
Author: 0 USMCA takes significant step for trade

Set to replace the previous North American Free Trade Agreement ( NAFTA ), which US President Trump was not in favour of, the USMCA deal involves over US$1tn of trade, including meat and poultry products. Trucks move almost $385 billion in goods between the USA and Mexico, and $336 billion in trade between the US and Canada. House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer both made clear on Friday that the trade agreement will need protections for workers and the ...

Business Trump Meets Chinese Leader to Discuss Trade War
Author: 0 Trump Meets Chinese Leader to Discuss Trade War

The agreement keeps those tariffs at 10 percent for at least the next 90 days while the countries negotiate further. "The two presidents agreed that the two sides can and must get bilateral relations right", Wang told reporters, adding they agreed to further exchanges at appropriate times.

Business Fed emphasises flexible policy path after likely December hike
Author: 0 Fed emphasises flexible policy path after likely December hike

Claiming that benchmark lending rates were "just below" a range of estimates for "neutral", that is, neither stimulating nor slowing growth, Powell sent a signal that markets took to mean the Fed might ease off on raising rates in 2019. Powell "gave the market, and presumably President Trump, exactly what he wanted, which was an admission that the previously proposed path of future rate hikes was probably too aggressive and opening to slowing the rate of hikes", said Oliver Pursche, vice ...

Business Trump Slams GM: Plants Close as Economy Grows
Author: 0 Trump Slams GM: Plants Close as Economy Grows

Brown responded to the president's comments on Twitter, saying he would "compare my record standing up for OH and American workers to yours any day". Many of those cuts are coming from the Midwest, where he has promised a manufacturing rebirth.

Business Petrol prices in India slide further as crude gets into $50 range
Author: 0 Petrol prices in India slide further as crude gets into $50 range

The West Texas Intermediate futures dropped by 2.5% in trading in NY after the report by the US Energy Information Administration that revealed that American oil supplies had gone up for the 10th week in a row. The WTI's 14-day Relative Strength Index is still in oversold territory. Brent for January settlement, which expires Friday, fell as much as 2.1% to $57.50 a barrel on London's ICE Futures Europe exchange.

Business Oshawa GM plant to close, sources say
Author: 0 Oshawa GM plant to close, sources say

Ford added: "To say we're disappointed is an understatement". "We have some of our most competitive parts plants in the world in Ontario.we have a very good workforce, we have very good equipment, and the latest in manufacturing". "We did not bail General Motors out so we could watch them hoard profits, shut down plants and devastate communities and take advantage of low wage workers in Mexico or wherever they see", said GM-UAW Vice President Terry Dittes in a video statement to members .

Business Trump issues $267bn tariff threat to China ahead of trade talks
Author: 0 Trump issues $267bn tariff threat to China ahead of trade talks

The US president also said that it is " highly unlikely " that Washington would delay a scheduled January tariff increase unless another trade deal is agreed upon. "Combined with last week's harsh report from the USA trade representative, investors have only the flimsiest hope that the Trump-Xi meeting in Argentina will amount to more than a hill of soybeans".

Business GM to close factories in Michigan, Ohio, Canada
Author: 0 GM to close factories in Michigan, Ohio, Canada

General Motors Chairman and CEO Mary Barra speaks at GM's press conference at the North American International Auto Show in Detroit, Jan. 16, 2018. Rivals Ford Motor Co and Fiat Chrysler Automobiles NV have both curtailed United States auto production.

Business Politicians promise help for GM workers; stress that saving plant hopeless
Author: 0 Politicians promise help for GM workers; stress that saving plant hopeless

The company has marked a sedan plant in Detroit , a compact vehicle plant in OH, and another assembly plant outside Toronto for possible closure. At a rally near the plant last summer, Trump talked about passing by big factories whose jobs "have left OH", then told people not to sell their homes because the jobs are "coming back".

Business Latest climate change report predicts dire times for economy, environment
Author: 0 Latest climate change report predicts dire times for economy, environment

The National Climate Assessment, totaling more than 1,000 pages, warned of more powerful and longer weather disasters triggered at least, in part, by global warming. The officials said the content of the report was free from interference, but declined to directly answer several questions about whether the White House ordered the report to be released on Black Friday , a day when many Americans are disconnected with the news.

Business Holiday shopping: List of department stores open on Thanksgiving Day
Author: 0 Holiday shopping: List of department stores open on Thanksgiving Day

Getting scammed: Beware of deals that seem too good to be true on social media - as well as unsolicited emails. While the mall may be partially closed until 6 p.m. Another Northeast staple, ShopRite is typically open at 6 a.m. until 11 p.m. 7 a.m.to 10 p.m. Kroger is open from 6 a.m.to 5 p.m. on Thanksgiving Day, and will reopen at 6 a.m.

Business Pound jumps after UK and EU agree draft text on future relationship
Author: 0 Pound jumps after UK and EU agree draft text on future relationship

So a single state like Spain can not block it. "She said that the United Kingdom and government of Gibraltar looked forward to these discussions continuing as we discuss the future relationship". There isn't a majority in the House of Commons for that to take place". The country will not agree to the draft deal until that is clarified, he said following a meeting with European Union ministers.

Business Restaurants and grocery stores across Chicago pull romaine lettuce amid CDC alert
Author: 0 Restaurants and grocery stores across Chicago pull romaine lettuce amid CDC alert

After 15 minutes, the pad displays one red line to show it worked properly - and a second if the sample contains E. coli O157. Do not eat romaine lettuce , any of it, from anywhere or in anything. "I think that the issue isn't that there's more unsafe food", Gottlieb said. It is also suggested that areas where the lettuce was stored be washed and sanitized.

Business Arrest Of Nissan's Ghosn in Financial Probe Stuns Japan
Author: 0 Arrest Of Nissan's Ghosn in Financial Probe Stuns Japan

Nissan said Ghosn's wrongdoing and Kelly's "deep involvement" were uncovered by an internal investigation conducted over the past several months following a whistleblower report. From 2010, Japanese firms have been required to disclose the salaries of executives who earn more than 100m yen. The manager, who declined to be identified as he was not permitted to speak to the media, said he was also anxious Ghosn's departure could hit sales as fans of the charismatic leader abandon the company ...

Business Crude oil prices test recent lows at start of holiday-shortened week
Author: 0 Crude oil prices test recent lows at start of holiday-shortened week

Brent crude in London fell by $0.46 and the price of WTI in NY fell $0,29. How likely is an OPEC+ production cut? While trade tensions between China and America weaken the outlook for demand, Saudi Arabia's oil policies aim to preserve market stability, the nation's king said during his first major public speech since the murder of prominent journalist Jamal Khashoggi.

Business Pence: U.S. Won't Budge to Avoid Cold War With China
Author: 0 Pence: U.S. Won't Budge to Avoid Cold War With China

Trade tensions have escalated between Beijing and Washington this year as Trump has slapped $250 billion of Chinese products with new tariffs. " Then so be it ", Pence said. Woodward told Radio Sputnik's Loud & Clear on Wednesday that Pence's latest remarks hinting at a cold war between Beijing and Washington are a continuation of a stream of rhetoric previously voiced by the vice president.

Business Oil rout runs to 12 days on supercharged selling
Author: 0 Oil rout runs to 12 days on supercharged selling

Brent crude , used to price global oils, dropped to $65.17 a barrel. With this type of trend, falling stock prices cause investor confidence to plummet right along with the oil prices . A lift in USA sanctions on Iran, increased shale oil production coupled with predictions of reduced world demand for oil has kept prices in trenches.

Business Democrats edging toward California blowout in US House
Author: 0 Democrats edging toward California blowout in US House

At Tuesday's meeting, McCarthy and Jordan encountered frustration, finger-pointing and questions as lawmakers sorted through an election defeat and began considering new leadership for the next congressional session. McConnell led the GOP to victory in the midterm Senate elections, albeit by a narrow margin. It could be tricky, as Trump has called for new funding for his wall on the southern U.S.

Business Alibaba's Singles' Day sales hit new high, $24.3 billion by midday
Author: 0 Alibaba's Singles' Day sales hit new high, $24.3 billion by midday

It was created by Alibaba, a Chinese e-commerce giant, which this year has racked up sales of an eye-watering $25 billion last year and is expecting to clear $35 billion this year. Consumers spent a total of 168.5 billion yuan ($24.3 billion) by the afternoon, the report said. Online retail sales growth slowed to 24 percent, down 12 percentage points in the second quarter, according to the National Bureau of Statistics.

Business Telstra CFO hangs up, plugs in as new Tesla chair
Author: 0 Telstra CFO hangs up, plugs in as new Tesla chair

While she will resign from Telstra to take the role full-time, some analysts expressed concern that she may not be far enough removed from Musk to rein in the billionaire's public outbursts and bring more order to Tesla . "Great respect. Very much look forward to working together", Musk tweeted early on Thursday. Elon Musk will remain as CEO. She also has worked at various technology companies including Juniper Networks and Sun Microsystems and held finance management posts at Toyota ...

Business Amazon will open separate HQ2 locations in 2 different cities
Author: 0 Amazon will open separate HQ2 locations in 2 different cities

According to the Washington Post , which spoke with several sources, Amazon has been holding "advanced discussions" about placing its second headquarters in Virginia's Crystal City , a neighborhood of Arlington. Amazon could announce its decision at any time . What qualities is Amazon seeking for HQ2? Just yesterday, the Journal reported that Dallas was also still in the mix along with Crystal City and the Big Apple as Amazon's late-stage negotiations progressed with a handful of ...

Business China says it is willing to help Pakistan over fiscal crisis
Author: 0 China says it is willing to help Pakistan over fiscal crisis

China on Saturday assured Pakistan of its full support to "tide over" the financial crisis, clearly signalling Beijing's readiness to give fresh loans to its all-weather ally which is in deep economic distress. After the talks, the two leaders witnessed the signing of more than 10 documents on cooperation in areas including science research, justice, poverty reduction, health and customs.

Business Micron's Chinese DRAM antagonist hit with U.S. export boycott
Author: 0 Micron's Chinese DRAM antagonist hit with U.S. export boycott

The United States, Europe and other trading partners say Beijing's tactics violate its market-opening obligations. Negotiations have reportedly stalled ahead of a planned meeting between U.S. U.S. Commerce Secretary Wilbur Ross said the U.S. believes the Chinese firm's new plant was likely the beneficiary of "U.S. -origin technology" and its additional production would threaten the long-term viability of U.S.

Business Trump not expected to come to MI before November 6 election
Author: 0 Trump not expected to come to MI before November 6 election

But according to the Cook Report , which analyzes individual House races, the Democrats only have a net 16-seat polling advantage. She won her party's nomination and will vie for the state's 1st District seat. Trump won Missouri by almost 19 percentage points in 2016. Democrats have far out-raised Republicans. This year, opinion polls give Levin an edge over his Republican rival, Diane Harkey.

Business Accused Pittsburgh Synagogue Shooter Appears in Court for First Time
Author: 0 Accused Pittsburgh Synagogue Shooter Appears in Court for First Time

Matt Brooks, the executive director of the D.C. -based Republican Jewish Coalition, told CNN that Trump's condemnation of anti-Semitism was "very powerful and strong". "Bigots are coming out of the woodwork", he said. Novy, 73, a retired college English professor, said she signed an open letter asking Trump not to come to Pittsburgh .

Business Check your numbers: Winning $3 million lottery ticket sold in Orlando
Author: 0 Check your numbers: Winning $3 million lottery ticket sold in Orlando

Another winning ticket worth $1 million was sold at a Publix at 601 Weldon Blvd.in Lake Mary. It could be days or even weeks before a victor steps forward to claim the prize. And if you find that you are not mega-lucky from Tuesday night's drawing, there's always Powerball. Neither of them opted to pay the extra $1 for the Megaplier, but, if they had, their tickets would be worth $3 million.

Business New Jersey Man Breaks His Hip but Wins the Lottery
Author: 0 New Jersey Man Breaks His Hip but Wins the Lottery

Wednesday's winning Powerball numbers were 2, 21, 45, 53 and 56 with a Powerball of 22. Lottery players will have a shot at the fourth-largest jackpot in USA history as numbers are drawn for the estimated $750 million Powerball game.

Business Jeff Bezos Loses $14 Billion as Amazon Stock Plunges
Author: 0 Jeff Bezos Loses $14 Billion as Amazon Stock Plunges

Amazon is a company that seems to be midway through a transformation meant to bring soaring profitability via improving margin on the back of its truly staggering sales run rates. A large part of the reason for investor disappointment was that Amazon does not expect to do as well over the Christmas season as it had hoped. Intel Corp defied weakness to gain 3.6 percent after its better-than-expected quarterly results, though interim Chief Executive Officer Bob Swan said trade tensions with ...

Business United States crude oil inventories increase last week: API
Author: 0 United States crude oil inventories increase last week: API

However, the effects of the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in May, the resumption of Iran sanctions and the potential response from other countries posed significant uncertainty to the forecast. The WTI Crude Oil market had a solid day on Thursday, reaching towards the $67.50 level. It fell earlier in the day to $75.11, the lowest since August 24.

Business Trump believes Kushner relationship with Saudi crown prince a liability
Author: 0 Trump believes Kushner relationship with Saudi crown prince a liability

Saudi Arabia has threatened to retaliate against any punitive action, but analysts say that wielding its main weapon - oil production - could backfire, putting the prince's economic goals even further out of reach. Speaking to reporters following a meeting of her Christian Democratic Union (CDU) in Berlin, Chancellor Angela Merkel demanded urgent clarification on Khashoggi's killing.

Business Numbers Drawn for $476-Million Powerball Jackpot
Author: 0 Numbers Drawn for $476-Million Powerball Jackpot

The next Mega Millions drawing is Tuesday with the jackpot expected to exceed the USA record of $1.6 billion . On Tuesday, that would mean a total of almost $905 million - before taxes, according to the Mega Millions website. As more tickets sell before the draw on Tuesday, chances grow that at least one buyer will pick all six winning numbers. Again, the computer can do this for you if you don't want to choose your own numbers.

Business Migrant caravan: Mexico sends police to southern border
Author: 0 Migrant caravan: Mexico sends police to southern border

Military and CLOSE OUR SOUTHERN BORDER!" But that would probably enrage Trump , who appears to see Mexico's responsibility as stopping migrants from reaching the US border by any means. Mauro Verzzeletti, a priest who runs the Casa del Migrante shelter in the Guatemalan capital, said about 3,000 people slept there overnight and left around 4 a.m.to continue the journey, adding that "more are arriving".

Business Suspects in Saudi journalist case tied to top prince
Author: 0 Suspects in Saudi journalist case tied to top prince

But he's not confirming there is any such recording, as reported by Turkish media, and he's continuing to urge patience while Saudi Arabia says it's investigating. "Gardiner and others believe the Trump administration may likely bring limited economic sanctions only against those responsible for the suspected murder, similar to what happened to Turkey's Justice Minister in the detainment of Pastor Andrew Brunson.

Business SA expresses concern over missing Saudi journalist Jamal Khashoggi
Author: 0 SA expresses concern over missing Saudi journalist Jamal Khashoggi

Khashoggi, dismembered his body with a bone saw they had brought for the objective, and flew out the same day", reported the Times , without giving the names of the officials reportedly cited. The Saudi heir apparent wields considerable power in the kingdom and is being held responsible by many outside for whatever happened to Khashoggi. "We remain very troubled by the disappearance of prominent Saudi journalist Jamal Khashoggi ".

Business Jasper Kmart closing as Sears files bankruptcy
Author: 0 Jasper Kmart closing as Sears files bankruptcy

As of August, the 132-year-old company had 506 locations, including 482 full-line department stores, as well as 360 Kmart stores, according to a public filing. Sears, the iconic USA department store chain, has filed for bankruptcy as it struggles with $5.6bn (£4.3bn) of debt and the relentless march of online shopping.

Business Trump Says 'Rogue Killers' May Be Behind Jamal Khashoggi's Disappearance
Author: 0 Trump Says 'Rogue Killers' May Be Behind Jamal Khashoggi's Disappearance

Turkey said Erdogan "stressed forming a joint working group to probe the case". I am immediately sending our Secretary of State to meet with King!' Saudi Arabia has begun an internal investigation into the disappearance of a prominent journalist at its Istanbul consulate and could hold people accountable if the evidence warrants it, according to a Saudi official.

Business Sears, once a retail titan, files for Chapter 11 bankruptcy
Author: 0 Sears, once a retail titan, files for Chapter 11 bankruptcy

Negotiations over the fate of the fallen company have been continuing this week, as it faces a critical $134 million of debt that is maturing on October 15. Lampert, who is Sears's biggest shareholder and will remain as chairman, acknowledged in the statement that turnaround efforts so far have fallen short.

Business Rowe Price boosts stake on Tesla in vote of confidence for Musk
Author: 0 Rowe Price boosts stake on Tesla in vote of confidence for Musk

A federal judge is due to review the settlement on Thursday. Despite all of the drama surrounding Elon Musk's tussle with the SEC, and despite Tesla's early troubles ramping up Model 3 production, the company has slowly but steadily improved production across its entire vehicular lineup.

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