Economy

by | January 18, 2019 | 17:17

The shift by the national market leaders, both partly state owned, followed Huawei's exclusion on national security grounds by some U.S. allies, led by Australia , from building their fifth-generation (5G) mobile networks. "Huawei has stolen that technology". Lu said when Canadian Foreign Minister Chrystia Freeland went to the World Economic Forum in Davos next week she should avoid "microphone diplomacy" and not try to rally support.

by | January 18, 2019 | 16:57

The White House would have catered the event, but much of the President's kitchen staff was absent, thanks to the government shutdown . However, President Trump chose to feed the players a very nontraditional White House meal - McDonald's, Wendy's, Burger King and Domino's.

by | January 18, 2019 | 15:27

France has put in motion a contingency plan to deal with an eventual "hard Brexit", Prime Minister Edouard Philippe said on January 17, including 50 million euros ($57 million) of investments to help ports and airports cope . Up to now Brexit has not affected the commitment of British investors in Spain but it remains to be seen what happens after the setback at the Parliament and now that the divorce date is getting closer.

by | January 18, 2019 | 14:16

In addition, the U.S. manufacturer will build a "disproportionate share" of the 20 new electric models that General Motors intends to bring to market worldwide by 2023. Cadillac President Steve Carlisle promised that the new model "will bring together luxury and innovation". Current images of the EV situate it as a luxury Model X competitor.

by | January 18, 2019 | 13:00

The House passed the measure by voice vote. In a letter to Trump Monday, Pelosi cited "security concerns" due to the partial government shutdown and asked Trump to either not deliver the address until the government had reopened or to deliver it in writing on January 29, as was done regularly until the presidency of Woodrow Wilson in 1913.

by | January 16, 2019 | 23:41

Trudeau said it should be of "extreme concern" to Canada's allies, as it was to his government, that China had chosen to " arbitrarily apply" the death penalty. Beijing issued a similar response hours later, calling on Chinese citizens to "travel cautiously" after a Chinese citizen was "arbitrarily detained on the basis of a request of a third-party country", an apparent reference to Meng's arrest.

by | January 16, 2019 | 22:58

Trump told the football players that most of his kitchen staff wasn't working because of the partial government shutdown but that he still wanted to feed them when they visited the White House. Separately, Sens. Lindsey Graham of SC and Chris Coons of DE were organising a bipartisan letter asking Trump to reconsider his rejection of the idea of reopening the government for three weeks to allow time for negotiations on border security.

by | January 15, 2019 | 13:47

That is more than double the 3.2 percent rate experienced a year ago. A passenger made it through a Transportation Security Administration checkpoint with a gun on January 2, boarding a Delta Air Lines flight from Atlanta Hartsfield-Jackson International Airport and flying to Tokyo, authorities said Sunday.

by | January 12, 2019 | 13:45

According to CNBC's research on this issue, multiple retailers from China are selling iPhone XS , XS Max, and XR units via promotions that bring the final price tags considerably lower than the ones in Apple's official Chinese store. Declining sales for lower end models. and the escalating price of higher-end models, caused Apple to restrategize and cut back on their cheaper phones.

by | January 11, 2019 | 15:40

Ford signalled "significant" cuts among its 50,000-strong European workforce under plans to make it more competitive and make its business more sustainable. If, as expected, the United Kingdom bears the brunt, or the entirety, of JLR's global cost-cutting, JLR may well say it tried to warn us. "Our results were undermined by slowing demand in China, along with continued uncertainty in Europe over diesel, Brexit and the WLTP changeover".

by | January 09, 2019 | 14:38

Musk said the Shanghai plant would supply the "Greater China region" with " affordable versions " of the Tesla Model 3 - the automaker's first mid-price, mass-market vehicle - and its planned Model Y. Higher-priced models will be built in the U.S. for export to China, he said. With these latest filings, Tesla had also broken the 200k barrier with its Model 3 VIN registrations - a notable milestone for a vehicle whose production was beset by challenges on its first year.

by | January 09, 2019 | 11:56

US officials have repeatedly accused China of not fulfilling agreements, with Ross saying on Monday that 'the real issue is what are the enforcement mechanisms, what are the punishments if people don't do what they were supposed to do?' The discussions are the first face-to-face interactions between the USA and China since both presidents met in Argentina and agreed to a temporary truce in their tit-for-tat tariff war.

by | January 08, 2019 | 23:52

Gatwick has since said it has invested in anti-drone technology, while Heathrow said that it would do so. David Zuelke wrote: 'Sitting on plane on runway at Heathrow Airport . Following the end to the initial drone-related disturbance at Gatwick, Security Minister Ben Wallace said: "I can say that we are able to now deploy detection systems throughout the United Kingdom to combat this threat".

by | January 07, 2019 | 09:27

According to a survey released by the PBOC on Christmas Eve, in the fourth quarter 81.2pc of the participants from the banking sector said the current monetary policy is "appropriate", 4.1 percentage points higher than in the third quarter.

by | January 05, 2019 | 11:53

The Republican president initially gave a positive account of Friday's meeting at the White House, describing it as "very productive". About 800,000 federal workers have been affected by the 22 December closure of about one-quarter of the federal government as Trump withheld his support for new funding until he secures $5bn to build his long-promised but unachieved wall along the US-Mexico border.

by | January 05, 2019 | 10:42

Spotted by travel bloggers on New Year's Eve , return first class fares between NY and Hanoi were going for $1,100, which would usually set you back about $16,000. The pricing gaffe comes just months after a sophisticated hack on Cathay Pacific's computer systems a year ago that exposed private information of 9.4 million passengers.

by | January 03, 2019 | 08:24

The $7,500 credit was halved on Tuesday - the credit gets phased out after an automaker sells more than 200,000 electric vehicles. On Jan. 1 the federal credit for Tesla buyers dropped from $7,500 to $3,750. Starting Wednesday, the company will be reducing its price for Model S, Model X and Model 3 vehicles in the U.S.by $2,000, it said. But customers in those markets still have several weeks to wait, with the company now saying those deliveries will start in February.

by | January 01, 2019 | 20:43

In addition, 13 cities and counties are hiking their minimum wages to $15 an hour or higher in the new year, the nonprofit says. Currently, 29 states and the District of Columbia have minimum wages above the federal minimum wage of $7.25 per hour.

by | December 29, 2018 | 19:57

In making the announcement, the government said the 11.5 per cent piece-rate increase is the same rate that was made to B.C.'s minimum wage in June 2018. Eighteen other states will also see their minimum wage rise on January 1, as a result of previously approved legislation or inflation adjustments to their states' minimum wages.

by | December 29, 2018 | 18:56

The hedge fund owner of Sears announced plans Friday to close 80 stores, including two in Maryland, amid a looming bankruptcy deadline. According to Newsweek, Sears has less than 24 hours for a bidder to save the store from complete liquidation.

by | December 28, 2018 | 19:14

The sheriff's office also said it appeared that Bisbee and Benson's 911 systems were down as well. Texting 911 is also an option. Officials in Jefferson Co. Monroe, Louisiana-based CenturyLink didn't provide details of the problem and it didn't indicate how many customers were affected. Capas said there had not been any reports of issues as of Friday morning.

by | December 28, 2018 | 17:40

An official from the White House has assured that the head of the US Federal Reserve is not at any risk of being dismissed from his position, amid the jitters that have been observed on Wall Street throughout the month that was partly caused by Trump's criticism of the Fed.

by | December 28, 2018 | 17:31

The explosion caused a bright blue light that illuminated the NY skyline. "There was a brief electrical fire at our substation in Astoria , which involved some electrical transformers and caused a transmission dip in the area", the power company said in a post on Twitter .

by | December 25, 2018 | 12:55

Select Walgreens and CVS locations will be open on Christmas Day . Chinook Centre , Southcentre Mall, Sunridge Mall, CrossIron Mills, Market Mall and The CORE are open until 5 p.m. Toronto Premium Outlets: 6 a.m.to 11 p.m. Since America runs on Dunkin', will they be able to help on Christmas Day? All South Florida malls and Walmart and Target stores are closed on Christmas Day .

by | December 23, 2018 | 11:43

The Franco-Brazilian-Lebanese businessman is accused of transferring 14.5 million euros from Nissan accounts to another company for his own benefit. On Dec. Friday's new allegation would allow prosecutors two days before seeking a likely court approval of extending Ghosn's detention up to 20 more days, meaning he would have to stay in the Tokyo Detention House until January 11, way past Christmas and New Year holidays, most likely without turkey or pumpkin pie.

by | December 23, 2018 | 08:01

There hasn't been one major shock that has sent stocks plunging. What do the bond markets tell us about how investors are feeling about the economy? But investors have some reason for optimism. The Nasdaq fell 195 points, or 3%, to 6,332. Major U.S. indexes are now 16 to 26 percent below the peaks they reached in the summer and early fall.

by | December 22, 2018 | 20:43

His words, delivered in the chairman's characteristic calm baritone, were meant to be reassuring. The stock market was consistently negative, declining by a maximum of about 3.8%. But Powell may have failed to smooth the market's key anxieties. Powell's predecessor, Janet Yellen, saw five interest rate hikes through her tenure as Fed chair, the first of which came in December of 2015.

by | December 22, 2018 | 20:03

Qualcomm insists on charging exorbitant fees based on work they didn't do and they are being investigated by governments all around the world for their behavior. In this latest chapter in the legal drama, Qualcomm successfully argued that 4G LTE modems produced by Intel and components produced by Qorvo for the iPhone infringe upon its patents.

by | December 20, 2018 | 18:34

The page's fundraising goal is set at $1 billion, what he said was the upper limit for the site, but he actually wants to raise five times that amount to finance the entire wall project. But that's not stopping Brian Kolfage Jr., a triple-amputee Air Force veteran and conservative activist. Which is just $998 million short of Kolfage's goal, of one billion dollars.

by | December 20, 2018 | 15:10

The Dow Jones Industrial Average was also off 2.1% and the Nasdaq, down 2.3%. The S&P 500 is down 53.79 points, or 2.1 percent. The drops come as investors worry about continuing trade tensions, a court ruling declaring Obamacare unconstitutional , the potential partial government shutdown, the unresolved Brexit issue, and a rising backlash against big tech companies.