Markets

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible'

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible' Prime Minister Theresa May must "ditch the red lines" on Brexit after the defeat of the plan she had agreed with the European Union , opposition Labour leader Jeremy Corbyn has warned. "She still thinks it's going to be possible to tweak this deal sufficiently to get the MPs that voted against it to swing behind it - I remain pretty sceptical about that". [Full Article...]

Cadillac Electric SUV on the way

Cadillac Electric SUV on the way General Motors has now confirmed their plan to position Cadillac as the leading brand for the Group's future electric models. A key question is whether the Cadillac name still carries enough cutting-edge cachet to attract high-tech early adopters, or whether those are even the buyers who might be looking for an electric luxury vehicle by 2022. [Full Article...]

Government shutdown may upend State of the Union speech

Government shutdown may upend State of the Union speech In light of the 800,000 great American workers not receiving pay, I am sure you would agree that postponing this public relations event it totally appropriate. Democrats have remained unified in arguing the government should reopen while border discussions continue ― and that a wall shouldn't be a part of the negotiation. [Full Article...]

Brexit: Theresa May pushes for cross-party consensus

Brexit: Theresa May pushes for cross-party consensus The prime minister named the parties in a statement in which she called on opposition politicians in Parliament to "put self-interest aside" and find a consensus on Britain's path out of the EU. After defeating the no-confidence motion, May said she would hold talks "in a constructive spirit" with leaders of opposition parties and other lawmakers in a bid to find a way forward for Britain's Europe... [Full Article...]

Rep. Ocasio-Cortez says to serve on financial services panel

Rep. Ocasio-Cortez says to serve on financial services panel The powerful committee also oversees the USA housing market, insurance and global finance sectors, among other areas. "Personally, I'm looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking". [Full Article...]

Chinese media rejects suggestion death for Canadian drug smuggler a pressure tactic

Chinese media rejects suggestion death for Canadian drug smuggler a pressure tactic Acting Foreign Minister Simon Birmingham said on ABC Radio on Wednesday the Australian government was "deeply concerned with this case". "We believe it is inhumane and inappropriate , and wherever the death penalty is considered with regard to a Canadian we speak out against it, " Freeland said. [Full Article...]

As shutdown lingers, Pelosi urges Trump to reschedule State of the Union

As shutdown lingers, Pelosi urges Trump to reschedule State of the Union The first lady's office also oversees White House tours - through the White House Visitor Center - and takes the lead on social events though the White House Social Secretary, who is based in the East Wing. Trump had announced the visit Friday in a tweet , writing, "what a game, what a coach, what a team!" And almost half of the East Wing's staff is gone, Melania Trump's communications direct... [Full Article...]

Absences among USA airport screeners jump as shutdown drags on

Absences among USA airport screeners jump as shutdown drags on Meanwhile at Fort Lauderdale-Hollywood International Airport , all checkpoints were open this weekend and appeared to be operating normally. "TSA men and women across the country continue to report for work at our nation's airports to secure aviation". [Full Article...]

Triple-Lens iPhone 11, iPhone XR 2 Rumored to Launch This Fall

Triple-Lens iPhone 11, iPhone XR 2 Rumored to Launch This Fall It is likely that the 2019 iPhone XR will gain a secondary telephoto lens like the iPhone XS . Currently, the iPhone XR is the only model that doesn't have 3D Touch and instead has Haptic Touch, a feature that uses long-display presses and haptic feedback to evoke new actions. [Full Article...]

Jaguar Land Rover To Cut 5,000 Jobs Amid Brexit Concerns

Jaguar Land Rover To Cut 5,000 Jobs Amid Brexit Concerns Meanwhile, Ford signalled "significant" cuts among its 50,000-strong European workforce under plans to make it more competitive and make its business more sustainable. It is believed most of the job losses will affect JLR's managerial, research, sales and design staff. "Our results were undermined by slowing demand in China, along with continued uncertainty in Europe over diesel, Brexit and th... [Full Article...]

Why Elon Musk's New Shanghai Gigafactory Is Crucial for Tesla

Why Elon Musk's New Shanghai Gigafactory Is Crucial for Tesla Musk said the plant would have a capacity of 500,000 units annually when at full production and will produce the Model 3 and Model Y for sale in China. China raised the import tariff on United States cars to 40% in July, then cut it to 15% from the start of this year as part of a trade war truce. [Full Article...]

USA destroyer sails in disputed South China Sea amid trade talks

USA destroyer sails in disputed South China Sea amid trade talks The U.S.is looking to crack down on China's business practices, including allegations of technology theft along with slashing the trade deficit and getting more access to Chinese markets. Financial markets have begun the year hanging on the outcome of talks between American and Chinese officials in Beijing. There the two agreed to a temporary relief from any tariffs increases and China agreed to... [Full Article...]

Drone sighting briefly halts Heathrow Airport flights

Drone sighting briefly halts Heathrow Airport flights Passengers who were stuck at Heathrow expressed their frustration at having to wait to depart while the airport responded to the sighting. All departures were stopped "as a precaution" shortly after 5pm, leaving passengers stranded on the runway just weeks after a similar debacle caused chaos at Gatwick . [Full Article...]

China to Cut RRR amid Slower Economic Growth

China to Cut RRR amid Slower Economic Growth The PBOC will cut the RRR by 0.5 percentage points on January 15 and January 25, respectively, a PBOC statement said. The Chinese government is stepping up support efforts. In addition, the PBoC pledged to keep the yuan exchange rate basically stable at a reasonable and equilibrium level with use of a variety of monetary policy tools, according to its Q4 monetary policy statement released on 27 ... [Full Article...]

Powell says he would reject any Trump request to resign

Powell says he would reject any Trump request to resign There were concerns that the data would let the Fed stick with its projection for two interest rate hikes in 2019, but traders kept bets that the central bank will hold fire this year and begin cutting rates in 2020. "If the President asked you to resign, would you do it?" In response to questions, Powell also signaled a willingness to include changes to the Fed's gradual run-off of its balanc... [Full Article...]

U.S. shutdown continues, as Democrats pass bills that Trump won’t sign

U.S. shutdown continues, as Democrats pass bills that Trump won’t sign Mr Trump has said he will reject any measure that does not provide funding for his proposed US-Mexico border wall. President Trump on Friday responded to renewed impeachment talk by some Democratic members of the new Congress with a two-part defense : tweeting that his success in office is the only reason Democrats want to get rid of him, and by the same token, he has done too good a job to... [Full Article...]

Passengers scoop bargain premium seats after Cathay Pacific error

Passengers scoop bargain premium seats after Cathay Pacific error Air Canada is now involved in a class action lawsuit at home for refusing to honor a similar price mistake in 2015. SCMP added that several thousand flights between Vietnam and North America were believed to have been sold during the ticketing mistake, which was put down to human error. [Full Article...]

Tesla cuts United States prices on all vehicles, shares drop

Tesla cuts United States prices on all vehicles, shares drop Worldwide deliveries to Europe and China will start next month and it will launch a right-hand drive version later in the year. Tesla delivered 63,150 Model 3s in the quarter, falling short of FactSet estimates of 64,900. In the third quarter of 2018, Tesla delivered on CEO Elon Musk's promise to make a net profit after years of losses. Analysts pegged Tesla to sell more than 96,000 vehicl... [Full Article...]

What you should know about NY minimum wage increase on December 31

What you should know about NY minimum wage increase on December 31 Policy Matters Ohio, a liberal think tank based in Cleveland, calculates that the new minimum wage will be worth about 72 percent of what the federal minimum wage was worth in 1968. In October, however, those same researchers reached a contrasting conclusion. Both supporters and opponents of higher minimum wages have pointed to the Seattle studies. [Full Article...]

Rochester Kmart to close

Rochester Kmart to close Instead, he wants to forgive about $1.8 billion of the debt he holds from Sears. Employees, the release said, were notified of the closures Thursday. The company had 68,000 workers at the time of its bankruptcy filing. The rules give Sears flexibility to extend the deadline or make other changes that might promote more bids. [Full Article...]


« Previous 1 2 3 4 5 6  Next »