Economy

Porsche’s Mission E all-electric vehicle becomes the ‘Taycan’

Porsche’s Mission E all-electric vehicle becomes the ‘Taycan’ The name was announced overnight during an event to celebrate 70 years since it registered its first auto, the 356 "No 1" Roadster. In addition to the new name, Porsche doubled down its investment in electrification Friday. When the Taycan finally does debut in production form sometime in the second half of 2019, it will likely look different from the images we've grown used to, all of which... [Full Article...]

Trump says Russian Federation should be reinstated in group of leading industrialized nations

Trump says Russian Federation should be reinstated in group of leading industrialized nations This year's G7 summit , which begins Friday in Canada, is set to be unusually ill-tempered, with the USA facing off against the other six in the group: Germany, France, Italy, Canada, Japan and the United Kingdom. Trump will arrive Friday at the annual gathering, held this year at a Quebec resort, but will leave Saturday morning before the event is over, heading to Singapore for his highly antici... [Full Article...]

Key Kinder Morgan executives offered $1.5-million retention bonuses

Key Kinder Morgan executives offered $1.5-million retention bonuses Wells Fargo & Mn invested in 8.16M shares. Ronna Sue Cohen has 39,936 shares. Jefferies maintained the shares of SODA in report on Thursday, May 12 with "Hold" rating. Kinder Morgan, Inc . ( KMI ) has an Analysts' Mean Recommendation of 2. (NYSE: KMI ) earned "Outperform" rating by Credit Suisse on Thursday, October 20. [Full Article...]

Trump's late arrival at G7 puts meeting with Macron on hold

Trump's late arrival at G7 puts meeting with Macron on hold At one point, Macron waxed on about the apparent negative effect of USA hegemony, and suggested nothing short of sheer human mortality and the sweep of history would undo Trump's decision to dump the climate accord that was struck in the French capital nearly three years ago. [Full Article...]

FCA and PRA launch investigation into TSB meltdown

FCA and PRA launch investigation into TSB meltdown During a planned upgrade to TSB's systems in April, there were widespread reports of internet and mobile banking being down after the scheduled downtime came to an end. He said: "We recognise that we still have areas where we need to improve performance for our customers, and we do not underestimate these remaining issues". [Full Article...]

US Trade Deficit Unexpectedly Narrows To $46.2 Billion In April

US Trade Deficit Unexpectedly Narrows To $46.2 Billion In April Year-to-date, the goods and services deficit increased $20.8 billion, or 11.5%, from the same period in 2017. Estimates range from $52-$47 billion. Canada's exports hit an all-time high in April, helping to push the country's overall trade deficit down for the month, Statistics Canada reported Wednesday. [Full Article...]

Apple warns suppliers that iPhone demand is falling

Apple warns suppliers that iPhone demand is falling Apple's stock is up 12% since the beginning of the year. Analysts suspect that the $1,000 iPhone X may be hurting demand, even though it was the best-selling smartphone in early 2018. "I am not overly concerned. about the lower supply speculations". Additionally, Apple's suppliers were also affected by this, with the shares of Dialog falling 4.1 percent while those of AMS falling by 6 percent. [Full Article...]

France's Macron seeks to forge European front against Trump

After the contentious salvos on social media and the Trudeau-Macron news conference, the White House announced Trump would depart the summit at 10:30 a.m. At stake is the risk of tit-for-tat tariffs between the major western economies turning into an unrestrained trade war. Nothing US President Donald Trump is doing will "make the world better, safer, or more peaceful", German Foreign Minister... [Full Article...]

Google: Our AI won't be a weapon

Google: Our AI won't be a weapon Google will incorporate its privacy principles in the development and use of its AI technologies, providing appropriate transparency and control over the use of data, Pichai enphasised. At an MIT technology conference on Tuesday, Microsoft President Brad Smith even welcomed government regulation, saying something "as fundamentally impactful" as AI shouldn't be left to developers or the private s... [Full Article...]

Ghana Football Association Dissolved Following Documentary Exposing Widespread Corruption

Ghana Football Association Dissolved Following Documentary Exposing Widespread Corruption The Ghana Football Association however says it was not given an opportunity to watch the documentary and request the Tiger Eye PI team that produced it to furnish them with recorded material from the documentary. Earlier on Thursday, the Ghana FA released a statement on the alleged acts of corruption, asking for a copy of the footage having not been consulted first. [Full Article...]

Back the bill, urges UK's May as Brexit law faces crunch test

Back the bill, urges UK's May as Brexit law faces crunch test The assurance came after May held a series of meetings with Brexit supporters in her Cabinet amid reports that David Davis, the minister leading negotiations with the European Union, had threatened to resign because an earlier proposal could have forced Britain to follow the bloc's trade rules indefinitely. [Full Article...]

Taiwan now 'Chinese territory' as Qantas bows to pressure

Taiwan now 'Chinese territory' as Qantas bows to pressure Hong Kong , Taiwan and Macau have always been part of China. "We have some complexity to work through", Qantas International CEO Alison Webster said, with time required for it to change websites and booking systems across the entire Qantas group, which includes budget arm Jetstar. [Full Article...]

U.S. company offers new look at prototype flying auto

U.S. company offers new look at prototype flying auto Kitty Hawk , funded by Page, unveiled a " Flyer " model it described as "an exciting first step to sharing the freedom of flight". Since then, the Flyer has received an update, and it's now open for test flights for people interested in placing preorders. [Full Article...]

Ex-Cambridge Analytica chief admits researcher provided Facebook data

Ex-Cambridge Analytica chief admits researcher provided Facebook data The former CEO of political consultancy Cambridge Analytica says he never meant to mislead British lawmakers when he denied the company had access to data on Facebook users. "The Channel 4 News footage also shows that the suggestions to entrap politicians with bribes and honeytraps were not solicited by our reporter but were both raised first by Mr Nix and Mr Turnbull", said C4N. [Full Article...]

Milestone for US job market: More openings than unemployed

Milestone for US job market: More openings than unemployed The Job Openings and Labor Turnover Survey (JOLTS) issued Tuesday by the U.S. Department of Labor's Bureau of Labor Statistics (BLS) showed a record 6.7 million available jobs in the United States during the month of April . "That just signals that employers are not anxious about their employees being poached". But there were about 96 million adults over the age of 16 who were not in the la... [Full Article...]

Trump falsely accuses Canada of burning down White House

Trump has previously admitted to making a claim to Trudeau that he wasn't sure was true, insisting that the USA had a trade deficit with Canada . That plan fell through when the White House tried to insist that he agree to including a so-called "sunset clause" in the deal. [Full Article...]

Tesla reveals second picture of its upcoming Model Y

Tesla reveals second picture of its upcoming Model Y The preliminary results of that NTSB investigation have been released, and they are concerning. The Autopilot system was engaged on four separate occasions during the 32-minute trip, including a continuous operation for the last 18 minutes 55 seconds prior to the crash. [Full Article...]

Trustees warn Medicare's financial problems worsening - 6/5/2018 1:21:33 PM

Trustees warn Medicare's financial problems worsening - 6/5/2018 1:21:33 PM But as Robert Pear of The New York Times notes , based on the new trustees' reports, "so far that does not appeared to have happened". However, as now projected, it is highly unlikely that economic growth absent larger reforms could solve the programs' huge budget quagmire. [Full Article...]

White House reportedly considering new economic penalties against Canada

White House reportedly considering new economic penalties against Canada Other measures Mexico imposed include 20-25% tariffs on cheese and bourbon and duties of up to 25% on steel products. The Economy Secretariat (SE) published a full list of the US products that will be affected by the new protectionist measures in the government's official gazette, with tariffs ranging between 5% and 25%. [Full Article...]

Ethiopia Will 'Fully Accept' 2000 Peace Agreement with Eritrea

Ethiopia Will 'Fully Accept' 2000 Peace Agreement with Eritrea Abiy Ahmed , a former army officer who replaced Hailemariam as premier, has travelled around Ethiopia, promising to address grievances strengthen a range of political and civil rights. The agreement was the result of a border commission convened in 2000 after two years of bloody fighting between the two countries over disputed lands along the border, specifically the town of Badme. [Full Article...]


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