Business

Business Colombia calls at U.N. for action on Venezuela crisis
Author: 0 Colombia calls at U.N. for action on Venezuela crisis

It expresses support for "the peaceful restoration of democracy and rule of law in Venezuela" and requests that UN Secretary-General Antonio Guterres broker a deal on holding fresh elections. "The only thing to discuss with Maduro at this point is the time and date for his departure". Spain's Prime Minister Pedro Sanchez said Wednesday Venezuela's leader Nicolas Maduro had "no intention of negotiating" but rejected any foreign military intervention in the economically-strapped country.

Business AT&T pulls YouTube ads after pedophiles turn children's videos into message boards
Author: 0 AT&T pulls YouTube ads after pedophiles turn children's videos into message boards

A spokesman for Vitacost, a vitamin supplement company, told Buzzfeed it had pulled its advertising from YouTube after its presence on anti-vaccination videos was brought to their attention. In response, several companies including Nestle, Epic Games , and Disney, have reportedly suspended advertising on YouTube . P&G, the biggest advertiser in the USA, kept ads off of YouTube for more than a year.

Business At Kraft Heinz, A Federal Investigation And A $15.4 Billion Write-Down
Author: 0 At Kraft Heinz, A Federal Investigation And A $15.4 Billion Write-Down

April 30, 2016. Kraft disclosed in its quarterly report that it received a subpoena from the Securities and Exchange Commission related to an investigation into its accounting policies. The packaged-food giant's charge to reduce the goodwill value of the Kraft and Oscar Mayer trademarks and other assets came with disappointing fourth-quarter earnings and an accounting subpoena from securities regulators.

Business Oil nears 2019 highs spurred by OPEC production cuts
Author: 0 Oil nears 2019 highs spurred by OPEC production cuts

By 1125 GMT, US West Texas Intermediate ( WTI) crude oil futures were up 51 cents at $57.48 per barrel but still shy of this week's $57.55 per barrel 2019 high. Nigeria on Wednesday pledged its cooperation to reduce oil output in order to attract higher prices in the global market. Production in the United States, which previous year became the world's top crude producer, rose to record high at 12 million bpd.

Business Epic Games Pulls 'Fortnite' YouTube Ads Following Pedophile Sex Ring Discovery
Author: 0 Epic Games Pulls 'Fortnite' YouTube Ads Following Pedophile Sex Ring Discovery

YouTube was forced to act after major advertisers, such as Epic Games and Disney , began pulling advertisements from videos after evidence surfaced of malicious comments and videos being tied to a coordinated effort to exploit children. He added that even if the videos are flagged and comments have been turned off, they are still being monetised and available for users to watch. Despite pointing out the videos themselves were not sexual in nature, Mr Watson claimed a "glitch" in YouTube's ...

Business Putin threatens to target USA 'decision-making centers' if missiles deployed
Author: 0 Putin threatens to target USA 'decision-making centers' if missiles deployed

The Russian land-based missiles that now target the United States are based on Russian territory and therefore the flight time to major USA population centers would be longer than for US missiles deployed in Europe . The source said foreign policy will be of secondary importance in the speech and instead Putin will focus on issues such as Russia's space program and finding solutions to the country's problems with waste removal.

Business United Kingdom says can mitigate risk from Huawei: FT
Author: 0 United Kingdom says can mitigate risk from Huawei: FT

The U.S. has accused her of fraud and violating global sanctions against Iran, which she and Huawei have both denied. Back in November, it was reported that the U.S. Earlier this month, the chief of Britain's foreign intelligence service said Britain should avoid relying on a monopoly provider of equipment in new 5G mobile networks, but that there were no easy answers to concerns about using Huawei .

Business Payless to close all shoe stores, report says
Author: 0 Payless to close all shoe stores, report says

Reuters says after the deal couldn't be made, the Topeka, Kansas-based company chose to prepare to liquidate. Payless ShoeSource made headlines in November 2018 whenit tricked social media influencers with a fake pop-up store called Palessi.

Business Amazon Abandons Plans for New York Headquarters
Author: 0 Amazon Abandons Plans for New York Headquarters

Amazon didn't say if the cancellation of the NY plan would lead to a larger expansion in Virginia. Several welcomed the news that Amazon might be rethinking the plan. Hogan didn't elaborate on when state officials might meet with Amazon . In a statement issued on Thursday, Amazon specifically referenced a lack of support from state and local officials as a reason it pulled the plug on the lucrative project.

Business Cuomo Blames Senate Democrats Amid Amazon Uncertainty
Author: 0 Cuomo Blames Senate Democrats Amid Amazon Uncertainty

While the Post's report cited two people who were familiar with the matter, a third has spoken to The New York Times' City Hall reporter and said that there were no plans to abandon ship just yet. Meanwhile, city council members last week pressed executives on their plans and criticized Amazon for being an anti-union company ( New York is largely a pro-labor city).

Business Read National Enquirer's response to Jeff Bezos's bombshell Medium post
Author: 0 Read National Enquirer's response to Jeff Bezos's bombshell Medium post

Thirty years earlier, Richard Nixon ordered his Plumbers investigative unit to try to discredit Daniel Ellsberg in the press after he leaked the Pentagon Papers, a top-secret history of the Vietnam War. Bezos wrote that this week, the tabloid's editor, Dylan Howard , emailed an attorney for Bezos' longtime security consultant to describe photos the Enquirer " obtained during our newsgathering".

Business Monetary Policy: RBI cuts key policy rate to 6.25%
Author: 0 Monetary Policy: RBI cuts key policy rate to 6.25%

The RBI has thus cut rate for the first time in 17 months since August 2017. Deputy Governor Viral Acharya and another MPC member, Chetan Ghate, voted for status quo in interest rates, while Das and three others voted for a cut in interest rates.

Business WTI: The $54 holds high after supply glut regains market attention
Author: 0 WTI: The $54 holds high after supply glut regains market attention

The WTI prices remained positive on Wednesday after the EIA inventory report joined hands with Venezuelan sanctions and supply outages at Canada and Mexico. Concern about weaker global economic growth and the trade dispute between the United States and China have also weighed on sentiment. Washington said last week that after April 28 foreign companies would not be able to conduct business with Venezuelan state-run oil firm PDVSA using the US financial system, effectively banning ...

Business After 2 years of rancour, Trump to call for unity in address
Author: 0 After 2 years of rancour, Trump to call for unity in address

So the reality TV fake-out is all Trump has left. The address is also being used as a fundraising tool for the President's re-election campaign, soliciting input from supporters. Her presence will be a reminder to the President and to the country of Democrats' new position of power in Washington , which they are beginning to exercise this week with a series of new hearings and investigations into the Trump administration.

Business Meadows schools Ocasio-Cortez on lawmakers' jobs
Author: 0 Meadows schools Ocasio-Cortez on lawmakers' jobs

Within two days, Ocasio-Cortez's comments were picked up by almost every major news publication including The Drudge Report , Fox News , CNN , Newsweek , The Free Beacon , The Daily Caller , National Review , and many others. Observers have also pointed out the factual discrepancy in the story that many people claim about Ocasio-Cortez's biography. Corbin Trent, a campaign spokesman for Ocasio-Cortez and a co-founder of Justice Democrats, said they would welcome a primary ...

Business China Trade Talks Kick-Off
Author: 0 China Trade Talks Kick-Off

Liu and a delegation will met with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin on Wednesday. Trump tweets the meetings are "going well with good intent and spirit on both sides", even though the odds seem stacked against any substantive resolution.

Business Wall Street gains, S&P 500 heads for best month since 2015
Author: 0 Wall Street gains, S&P 500 heads for best month since 2015

Since the beginning of the year, the value of USA stocks has increased by $2.1 trillion, or 7.74%, according to Wilshire Associates. While the Fed said continued USA economic and job growth were still "the most likely outcomes", it removed language from its December policy statement that risks to the outlook were "roughly balanced" and struck language that projected "some further" rate hikes would be appropriate in 2019.

Business Apple warned about FaceTime bug over a week ago, gets sued
Author: 0 Apple warned about FaceTime bug over a week ago, gets sued

For the current quarter, Apple said it expects revenue in the US$55-59 billion range. The iPhone maker has always celebrated and cherished the results of its first fiscal quarter every year - the strongest quarter that generated more revenue, profit and higher sales of iPhone .

Business Boris Johnson tells May - Ditch the Irish backstop and get support
Author: 0 Boris Johnson tells May - Ditch the Irish backstop and get support

Mrs May admitted Parliament had made clear what they did not want when they rejected her Withdrawal Agreement by a 230-vote margin earlier this month, but now it was time for them to tell Brussels what they do want. "But what we need is to achieve something legally binding". We need to go back into the text of the treaty and solve the problem. On a rare good night for the United Kingdom prime minister, members of Parliament backed her proposal to strip out the most hard part of the divorce ...

Business Maduro regime in disarray as Venezuelan military envoy to U.S. defects
Author: 0 Maduro regime in disarray as Venezuelan military envoy to U.S. defects

Guaido's supporters made their case directly to soldiers on Sunday, handing them leaflets that urged they reject the socialist leader and explaining how they could be eligible for amnesty if they help return Venezuela to democracy. The Venezuelan leader earlier gave United States diplomats until late Saturday to leave the country. Maduro's refusal, at least so far, to order Guaido's arrest reflects mistrust in his own security forces as well as the Trump administration's warning that any ...

Business U.S. charges Huawei, top executive with fraud
Author: 0 U.S. charges Huawei, top executive with fraud

The United States Justice Department has unsealed two indictments against China's Huawei Technologies, several of its subsidiaries and its chief financial officer Meng Wanzhou . Whitaker and Federal Bureau of Investigation director Christopher Wray both thanked Canadian officials for their help. USA prosecutors charge that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of United States sanctions.

Business Sterling volatility drops further as Brexit risk premium falls
Author: 0 Sterling volatility drops further as Brexit risk premium falls

Further US Greenback in broad market lost ground last night following a sharp decline in 10-year US Treasury bond yield which combined with the partial shutdown in US government and dovish fed stance on rate hike plans for 2019 increased bearish pressure on Dollars significantly.

Business Stop-gap measure brings temporary end to government shutdown — IN Focus
Author: 0 Stop-gap measure brings temporary end to government shutdown — IN Focus

The president has said that he could declare a national emergency to fund the border wall unilaterally if Congress does not provide the money. Mulvaney says some Democrats agree with President Trump's plan to better secure the border, but said they couldn't work with the White House as long as there was a partial government shutdown .

Business China has blocked the search engine from Microsoft
Author: 0 China has blocked the search engine from Microsoft

The paper published a report Thursday noting Chinese social media users were complaining attempts to access cn.bing.com resulted in a DNS error. Rumours suggest that the move to block access to the site by the state-owned telecommunications company, China Unicom, was a result of a direct order from the Chinese government although these claims have yet to be substantiated.

Business Australia supports Venezuela opposition leader Juan Guaido
Author: 0 Australia supports Venezuela opposition leader Juan Guaido

The situation in Venezuela escalated on Tuesday when the opposition-controlled National Assembly declared that Maduro had "usurped" power. Maduro himself came to Turkey previous year after Erdogan's victory in the national and presidential elections , hailing the Turkish president as a "friend" of Caracas.

Business US Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela
Author: 0 US Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela

US crude oil inventories went up by 8 million barrels in the week to January 18, the Energy Information Administration said in its latest weekly petroleum status report. -Venezuela commercial relationship in other ways, Grais-Targow notes. The bank said it expected Brent and WTI prices to average $70 and $59 per barrel respectively in 2019.

Business Renault names new leaders to replace Ghosn
Author: 0 Renault names new leaders to replace Ghosn

He was voted out of the top role at Nissan and Mitsubishi shortly after his arrest in November 2018. Nissan welcomed the Renault announcement, expressing hope for a "new chapter" in ties between the partners. He was considered a key figure in establishing and then maintaining the alliance. Ghosn, 64, is behind bars in Japan over charges of alleged financial misconduct at Renault's partner - Japanese carmaker Nissan Motor.

Business Vodafone 'pauses' use of Huawei equipment over security concerns
Author: 0 Vodafone 'pauses' use of Huawei equipment over security concerns

There's no question that this represents a huge rout for anyone else launching at MWC - there's little sign of anyone else debuting a 5G AND foldable device, though many will be launching one or the other. Huawei has about a 35% market share in Europe , making it an important player in the industry. Huawei is also a major supplier of equipment for less-sensitive radio-access network components on mobile masts.

Business Sick leave delaying flights
Author: 0 Sick leave delaying flights

The urgency was made plain Friday as flight delays rippled across parts of the eastern USA due to staffing shortages in airports where employees, including air traffic controllers , have been ordered to work without pay. Update - 10:45 a.m. EST: The FAA will allow flights into New York City's LaGuardia Airport after issuing a halt earlier Friday morning. American Airlines spokeswoman Shannon Gilson said in an email that the airline hasn't experienced significant impacts to its ...

Business Britain, France Back Protests Against Venezuela's Maduro
Author: 0 Britain, France Back Protests Against Venezuela's Maduro

Venezuelan opposition leader Juan Guaido declared himself interim leader on Wednesday, winning the support of Washington and parts of Latin America. Germany, Switzerland and Portugal called for free elections , and Spanish Prime Minister Pedro Sanchez told Guaido he supported the Venezuelan Parliament.

Business Labour must not rule out second EU referendum, says Starmer
Author: 0 Labour must not rule out second EU referendum, says Starmer

Outside, rival protesters sounded off and squared off, with some aiming angry shouts of "traitor" at their opponents. " Jeremy Corbyn's Labour Party threatens to dismantle that". "Brexit or a penalty shootout?" The signatories said that they "respect the choice" of British people who want to leave the European Union and, if the country wants to leave for good, "it will always have friends in Germany and Europe".

Business Taiwan says it won't bow to pressure amid China tension
Author: 0 Taiwan says it won't bow to pressure amid China tension

While DIA is most concerned about an eventual military action against Taiwan , in the near future its primary concerns rest in the South and East China Seas, where the Chinese military has built up and militarized artificial islands in areas claimed by China and other nations.

Business TSA Problems Causing a Travel Nightmare at Atlanta's Airport, the World's Busiest
Author: 0 TSA Problems Causing a Travel Nightmare at Atlanta's Airport, the World's Busiest

Concourse G, the airport's least busy terminal, closed at 1 p.m. on Saturday and Sunday because the airport didn't have enough Transportation Security Administration agents to staff the security checkpoint . The TSA announced it'll partially compensate employees who worked on December 22nd and give those who worked during the holidays a bonus. "At our airport, we're not seeing at this point operational impacts like they are at other airports", said spokeswoman Janet Scherberger.

Business Trump's Invite to Only Some Democrats Backfires on Him
Author: 0 Trump's Invite to Only Some Democrats Backfires on Him

On his way over to the White House to chat with President Trump about why many of his constituents have been without pay for the past 25 days , Rep. "I hear they're really into that". "The President has a proposal on the table that includes additional technology at ports of entry, allows minors from Central America to seek asylum in their home country, and physical barriers between ports of entry made of steel instead of concrete", she said.

Business Pound recovers losses after crunch Brexit vote
Author: 0 Pound recovers losses after crunch Brexit vote

These will be voted on if the above two amendments fail. A spokesman for European Council president Donald Tusk said that the vote had increased the risk of disorderly exit, and that while the EU did not want that to happen, it would be prepared for it.

Business Record US-China trade gap may signal slower global growth
Author: 0 Record US-China trade gap may signal slower global growth

China's overall trade surplus for 2018 was $351.76 billion, the government said. China's exports fell by a whopping Dollars 221.25 billion in December registering the biggest plunge in two years amid the ongoing trade war with the USA, highlighting the continued slowdown of the world's second largest economy.

Business California Utility Tied To Devastating Wildfires To File For Bankruptcy
Author: 0 California Utility Tied To Devastating Wildfires To File For Bankruptcy

A bankruptcy filing is not assured, the sources said . The company said Monday that it has only about $1.5 billion in cash and cash equivalents on hand. Bankruptcy court has no say over the rates utility customers pay; those are decided by state regulators and politicians. It also puts pressure on California's new governor, Gavin Newsom, and legislators to come up with a plan that could keep the utility solvent.

Business Turkey hits back at Trump threats over Kurds
Author: 0 Turkey hits back at Trump threats over Kurds

Trump also threatened to "devastate" Turkey economically if Ankara attacked US-allied Kurds in Syria. US Secretary of State Mike Pompeo is on a whirlwind regional tour aimed at reassuring allies amid rising tensions between the US and Turkey over the fate of Washington's Syrian Kurdish allies in the fight against ISIS .

Business Apple expected to release three new iPhones in 2019
Author: 0 Apple expected to release three new iPhones in 2019

According to WSJ , Apple may also remove 3D Touch from its entire iPhone lineup in 2019. Despite being pitched as the ideal iPhone for everyone, iPhone XR didn't really gain as much traction in the market as Apple had hoped. We're still nine months away from the launch of Apple's next-gen iPhones, but the first alleged renders have already shown up online. We are still at a very early stage of iPhone rumours, though.

Business Apple Announces Revenue Is Unraveling
Author: 0 Apple Announces Revenue Is Unraveling

Apple has warned investors that its revenue over the crucial festive season will be lower than expected , blaming the US-China trade war for disappointing iPhone sales . The company also sees the traffic to retail stores and partner sellers in China declining in the quarter. He noted that China's economy started to weaken in second-half 2018.

Business In a Shutdown, IRS Will Take Your Money, but Give No Refunds
Author: 0 In a Shutdown, IRS Will Take Your Money, but Give No Refunds

And during shutdowns, only a fraction of IRS employees work. If the shutdown stretches further, Shattuck says it could affect how quickly early filers get their refunds. "This filing season was always going to be challenging", said Pomerleau. When the government does re-open, when will people get their money? Taxpayers who've been counting on a tax refund to pay off credit-card bills from Christmas spending may feel themselves squeezed, in other words.

Business 'Tuna King' Kiyoshi Kimura pays record Sh316m for giant fish
Author: 0 'Tuna King' Kiyoshi Kimura pays record Sh316m for giant fish

He spent more than twice the previous record of $1.4m, which he paid in 2013. It was bought by Kiyoshi Kimura, president of Sushi Zanmai, a major sushi restaurant chain. Last year's auction was the last at the famed Tsukiji market before it was relocated to a new facility on a former gas plant site on Tokyo Bay. However issues including concerns about outdated fire regulations and hygiene controls prompted the market to be moved to a larger and more modern site.

Business 5 takeaways from Apple's stark China warning
Author: 0 5 takeaways from Apple's stark China warning

Apple Inc AAPL .O shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors anxious the rare stumble was a harbinger for slowing global growth.

Business Tesla Sinks as Price Cuts Signal a Ceiling for Costlier Models
Author: 0 Tesla Sinks as Price Cuts Signal a Ceiling for Costlier Models

The company said the remaining tax credits combined with not having to fuel up at the gas pump and lowered maintenance costs "means our vehicles are even more affordable than similarly priced gasoline vehicles". As of writing, Tesla stock is trading down 7.45% at $308.00 per share. "The price cut is what's driving the stock lower, as it openly acknowledges the sunset of subsidy dollars is a material headwind", said Craig Irwin, an analyst with Roth Capital Partners.

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