Markets

Indian dentist murdered in Sydney, ex-boyfriend dies in subsequent road accident

Indian dentist murdered in Sydney, ex-boyfriend dies in subsequent road accident Reddy's body which was stabbed numerous times was found in a vehicle parked in Strachan Lane in Kingsford on Tuesday, days after she went missing from Sydney's busiest area under mysterious circumstances. In a statement released on behalf of Dr Reddy's family, her sister, Nithya, said: "Words can not capture the pain we are feeling with the passing of my lovely big sister". [Full Article...]

UK's May warns EU on disorderly Brexit

UK's May warns EU on disorderly Brexit If May loses Tuesday's vote , MPs will then vote on Wednesday on whether to proceed without a deal . "The EU must support retailers to mitigate the many supply-chain issues that could arise, and decision makers in London must use their votes in Parliament to protect ordinary consumers from higher prices and reduced choice that would result in a no deal scenario", said William Bain, polic... [Full Article...]

Huawei takes U.S. to court, claims ban unconstitutional

Huawei takes U.S. to court, claims ban unconstitutional Congress has repeatedly failed to produce any evidence to support its restrictions on Huawei products. As a result, the company is left with no choice but to take this legal action. The 5G telecommunication can be deemed as an improvement that Huawei was slated to lead. Industry analysts say excluding the Chinese vendor from markets for 5G equipment would reduce competition and might lead to highe... [Full Article...]

Bugatti La Voiture Noir Is a $12.5 Million One-Off Atlantic Tribute

Bugatti La Voiture Noir Is a $12.5 Million One-Off Atlantic Tribute The other disappeared over 80 years ago and has never been found. "We have just succeeded in doing so with "La Voiture Noire"," said Bugatti president, Stephan Winkelmann. "At the same time, we are transferring extraordinary technology, aesthetics, and extreme luxury to a new age". Whenever there is any news or update about Bugatti, it has to be special as the French automobile manufacturer is... [Full Article...]

No Big Impact: India After Trump Says Will End Preferential Trade Status

No Big Impact: India After Trump Says Will End Preferential Trade Status Hours after the United States announced its intention to "terminate" New Delhi's designation as a beneficiary of its Generalised System of Preferences (GSP ), Commerce Secretary Anup Wadhawan said India does not plan to impose retaliatory tariffs on the U.S. [Full Article...]

NYC officials plead with Jeff Bezos to win back HQ2

NYC officials plead with Jeff Bezos to win back HQ2 Amazon pulled out of the deal early last month after facing harsh, vocal opposition from several of the state's lawmakers, most notably from freshman congresswoman Ocasio-Cortez . The company has said it's not planning to look for a substitute for NY to build its HQ2 any time soon. "We should not be giving up on 25-40 thousand jobs and this significant new investment", says Partnership Pre... [Full Article...]

Lyft tries to differentiate itself from Uber in its IPO pitch

Lyft tries to differentiate itself from Uber in its IPO pitch Its net loss in 2018 came to $911.3 million. Lyft had $517,690 in cash and equivalents at the end of a year ago, about half of what it had at the end of 2017. In addition to ride-hailing, it offers shared auto, bike and scooter rides. The next step is for Lyft managers to go on the road to woo investors, presenting details and fielding questions from potential buyers in hopes of drumming up inte... [Full Article...]

Donald Trump to delay China tariff hike after trade talks ‘progress’

Donald Trump to delay China tariff hike after trade talks ‘progress’ Well, at the end of this week, the US was set to raise the tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent. Trump has issued positive but cryptic statements and tweets about the delay and the nature of progress made at the weekend, saying that a deal with Beijing is "very, very close" and talking about a "signing summit" with Chinese President Xi Jinping . [Full Article...]

Fiat Chrysler investing $4.5 billion in MI production plants

Fiat Chrysler investing $4.5 billion in MI production plants FCA plans to commence construction at this site in the second quarter of 2019 before production starts by the end of 2020. The automaker confirmed plans Tuesday to revive a previously idled engine plant on the city's east side as part of a $4.5 billion investment in five MI plants. [Full Article...]

Victoria's Secret closing 53 stores this year

Victoria's Secret closing 53 stores this year Critics contend Victoria's Secret is particularly out of touch in the current #MeToo climate. Superstores like Walmart and Best Buy have been doing increased business recently, which points to a waning interest in whether millionaire models wear the brand. [Full Article...]

How India and Pakistan compare militarily

How India and Pakistan compare militarily Pakistan claimed to have detained two pilots who were flying the warplanes - but later changed the figures to just one. Addressing a press conference, a spokesperson for the Indian MEA said , "We unfortunately lost one MiG-21 in this engagement and an Indian pilot is missing in action". [Full Article...]

Hopes rise over US-China trade resolution - but issues remain

Hopes rise over US-China trade resolution - but issues remain The Trump administration has said it might ban Huawei products over a 2017 Chinese law that obligates its companies to assist in intelligence gathering as Wanzhou waits to see whether she will be extradited to the USA for allegedly violating trade sanctions against Iran. [Full Article...]

Man bought $540 in cookies so Girl Scouts could escape cold

Man bought $540 in cookies so Girl Scouts could escape cold Drug Enforcement Agency. Kayla Dillard photographed McGowan posing with the two girls and posted it to Facebook , where it garnered more than 12,000 likes. A DEA spokesman said McGowan's arrest is completely unrelated to the cookie purchase. The troop sold about 221 packages of cookies that night and Dillard says the number of packages the man, who didn't give his name, bought would hav... [Full Article...]

'This is hell': U.S. train passengers stranded for 36 hours

'This is hell': U.S. train passengers stranded for 36 hours Almost 200 people aboard an Amtrak train now have everyone else beat when it comes to tales about travel nightmares. Officials said the passengers would be taken on to Portland once they arrived in Eugene. He said the train will not continue on to Los Angeles, but will return to Eugene and Portland. "Last night was freezing on the train", she said. The service operates daily between Se... [Full Article...]

Consumer Reports Removes Tesla Model 3 Recommendation. Will it Affect Tesla Sales?

Consumer Reports Removes Tesla Model 3 Recommendation. Will it Affect Tesla Sales? Tesla stock has had a rough week. Despite the starts and stops, Tesla reached its Model 3 production mark. Owners of Tesla vehicles and auto enthusiasts have a split opinion regarding the matter. Tit-for-tat tariffs between the world's two top economies have upended worldwide trade flows. After the negative report, Tesla stock fell before slightly rising in the United States stock mar... [Full Article...]

More pain ahead for Britain's car industry in wake of Honda blow

More pain ahead for Britain's car industry in wake of Honda blow Honda , which said the decision was based on changes in the global vehicle market, will also stop making its popular Civic sedan at its plant in Turkey from 2021, although it plans to continue its operations in that country, Chief Executive Takahiro Hachigo told a news conference in Tokyo. [Full Article...]

Trump mulling extension to tariff deadline

Trump mulling extension to tariff deadline White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington, Thursday, Feb. 7, 2019. Chinese state news agency Xinhua reported on Thursday that China's Vice Premier Liu He met US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin. [Full Article...]

Iranian heavy crude oil price rises $1.45 per barrel in Jan.: OPEC

Iranian heavy crude oil price rises $1.45 per barrel in Jan.: OPEC Brent crude futures were up 1.17 USA dollars or 1.9 percent at 62.68 US dollars a barrel by 1135 GMT. The Organization of the Petroleum Exporting Countries along with allies led by Russian Federation made voluntary production cuts beginning last month aimed at tightening the market . [Full Article...]

US, China upbeat on trade talks amid South China Sea tensions

US, China upbeat on trade talks amid South China Sea tensions U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation to China, leaves a hotel in Beijing, China February 13, 2019. Trump to lay out an AI plan / Axios "The American AI Initiative, as the new strategy is named, is unlikely to call out China directly..." The Trump administration said the US president still wants to meet China's Xi Jinping in an effort to end the trade ... [Full Article...]

Trump mocked climate protection Initiative and Ocasio-Cortez back gets thinner snappy

Trump mocked climate protection Initiative and Ocasio-Cortez back gets thinner snappy Senate Majority Leader Mitch McConnell (R-KY) is weighing bringing the Green New Deal to a vote to "rattle" Senate Democrats, according to a report . It also calls for upgrading all existing buildings to be energy-efficient. Republicans view the proposal to transition to clean energy as a winning wedge issue in the 2020 elections. [Full Article...]


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