Economy

Australian govt probes Google, Facebook

Australian govt probes Google, Facebook Among the preliminary recommendations are those aiming to address Google and Facebook's market power and promote increased consumer choice, including a proposal that would prevent Google's browser Chrome being installed as the default on mobile devices, computers and tablets and Google's search engine being the default search engine on browsers. [Full Article...]

Huawei exec's lawyers argue for bail in Canadian court

Huawei exec's lawyers argue for bail in Canadian court The two sides agreed there to delay a planned January 1 United States increase of tariffs to 25 percent from 10 percent on $200 billion worth of Chinese goods while they negotiate over China's huge bilateral trade surplus and U.S. On Tuesday, Asian equities struggled again despite a bounce in NY as investors fret over a flawless storm of issues, including fears that the arrest of Meng Wanzhou, ... [Full Article...]

Why Theresa may has postponed the vote on the "broksita"?

Why Theresa may has postponed the vote on the In a statement to MPs, Mrs May also said the Government was stepping up preparations for a possible no-deal Brexit, despite saying that this would cause "significant economic damage to parts of our country". And she said that MPs who were threatening to vote against the deal she secured with Brussels must ask themselves the fundamental question: "Does this House want to deliver Brexit?" But a ... [Full Article...]

Macron to meet officials to discuss protests

Macron to meet officials to discuss protests Earlier this week Mr Trump retweeted one of several posts falsely claiming that French protesters were chanting his name. Nationwide, the interior ministry says some 136,000 people rallied against France's high-cost of living. French Prime Minister Edouard Philippe called for new talks Saturday with representatives of the "yellow vest" movement. Almost 300,000 demonstrators nationwide took to ... [Full Article...]

Qualcomm wins import ban against several Apple iPhones in China

Qualcomm wins import ban against several Apple iPhones in China Qualcomm's general counsel, Don Rosenberg, said in a statement Monday that if Apple doesn't heed the orders, it will seek enforcement of them through tribunals that are part of the Chinese court system. Qualcomm has also asked regulators in the United States to ban the importation of several iPhone models over patent concerns, but US officials have so far declined to do so. [Full Article...]

Brexit: Theresa May withdraws major vote from parliament at 11th hour

Brexit: Theresa May withdraws major vote from parliament at 11th hour A Financial Times reporter said an official close to the cabinet had also confirmed the vote would be pulled. Ms May said she would seek "assurances" from other European leaders ahead of an EU summit later this week in a bid to try to win back support for her maligned plan in Britain. [Full Article...]

RBI Governor Urjit Patel resigns

RBI Governor Urjit Patel resigns He added: "The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank's considerable accomplishments in recent years". "I enjoyed several hours of personal discussions with him where we found large areas of agreement as well as mutually understandable disagreement. I wish Dr. [Full Article...]

Ex-Nissan boss Ghosn planned to oust CEO before his arrest

Ex-Nissan boss Ghosn planned to oust CEO before his arrest Prosecutors say Mr Ghosn - known as "Le Cost Killer" for his ruthless approach to leading turnarounds of Nissan and Renault - is suspected of underreporting his income by 5 billion yen (£34m) mover five years from 2010 to 2015. The prosecutors believe the payments were fixed as they have obtained documents on his post-retirement compensation signed by Ghosn. A source close to the investigation... [Full Article...]

Nissan might be wrapped up in Carlos Ghosn's legal troubles, report says

Nissan might be wrapped up in Carlos Ghosn's legal troubles, report says Nissan admitted in July this year to fabrication of data involving auto exhaust emissions tests at five of its domestic plants, affecting 1,171 vehicles. Prosecutors on Monday plan to indict Ghosn and Kelly over the alleged underreporting of salaries in five annual reports through the business year that ended in March 2015, the Nikkei business daily reported earlier. [Full Article...]

Tumblr Is Banning All Adult Contents Starting From 17 December

Tumblr Is Banning All Adult Contents Starting From 17 December The decision comes weeks after Tumblr's mobile app was removed by Apple from the App Store. A blog post from the site's staff on Monday, December 3, called for "a better, more positive Tumblr " and stated that the site would "no longer be allowing adult content, including explicitly sexual content and nudity (with some exceptions)". [Full Article...]

Uber Confidentially Files for IPO

Uber Confidentially Files for IPO Bankers have apparently estimated Uber's IPO value at $120 billion, well above the $ 72 billion estimate from its last round of funding so you can see why they would want to strike. Uber has also added a number of other businesses, which are growing but have yet to show sustainable profits, in a bid to become a one-stop mobility app. [Full Article...]

Fiat Chrysler to reopen first auto plant in Detroit since 1991

Fiat Chrysler to reopen first auto plant in Detroit since 1991 The Company operates under the Abarth, Alfa Romeo, Chrysler , Dodge, Fiat , Fiat Professional, Jeep, Lancia and Ram brands. Given the importance of identifying companies that will grow earnings per share at high rate, we then need to consider how to identify which companies will achieve high growth rates. [Full Article...]

Winter Weather Advisories Extended On Saturday

Winter Weather Advisories Extended On Saturday Flash flood watches and flood watches are in effect from eastern Texas to Georgia on Saturday. For the foothills and the mountains, the snow will continue to fall for several more hours with additional accumulations. "Virginians should take all necessary precautions to ensure they are prepared for winter weather storm impacts ", Northam said in a statement . Signs of a pending monster snow fal... [Full Article...]

King Soopers Donates $400 To Replace Stolen Red Kettle, Donations

King Soopers Donates $400 To Replace Stolen Red Kettle, Donations We had no phone calls or messages about it beforehand. Right now, we are at just 25% of that goal. "We must find a balance between access for charities and customers' concerns about solicitations". The Marietta Salvation Army says their kettle drive numbers are down about $10,000 compared to this time a year ago. There are a myriad of ways supporters can make a tax-deductible contribution to T... [Full Article...]

OPEC backs 6-month oil production cut package

OPEC backs 6-month oil production cut package Brent crude , the worldwide benchmark for oil prices, was trading at $63 a barrel, up almost 5% at midday U.S. Eastern time. Oil output from the world's biggest producers - Opec , Russia and the U.S. Saudi Arabia first denied the Hook-Falih discussion took place but later confirmed it. The US government is done selling off strategic reserves for now. [Full Article...]

Surge in job growth drives unemployment rate down to 40-year low

Surge in job growth drives unemployment rate down to 40-year low The unadjusted, three-month moving average dropped to 3.9 per cent from 4.1 per cent in October. Canada's unemployment rate dropped to 5.6 per cent in November, the lowest rate in comparable records going back to 1976, Statistics Canada said. [Full Article...]

United States job creation slows to 155,000 in November; unemployment 3.7%

United States job creation slows to 155,000 in November; unemployment 3.7% Average hourly earnings were up by six cents in November to $27.35. United States companies likely maintained a solid pace of hiring in November while increasing wages for workers, suggesting the economy remains strong enough for the Federal Reserve to continue raising interest rates in 2019. [Full Article...]

Safety System Helps Stop Southwest Jet’s Skid On Burbank Runway

Safety System Helps Stop Southwest Jet’s Skid On Burbank Runway The flight, traveling from Oakland, California, to Hollywood Burbank Airport, landed at 9:03 a.m. PST in the rain, according to NBC Investigations reporter Andrew Blankstein. The area was experiencing heavy rain - up to a half inch in an hour at one point, and a flood advisory is in effect for Los Angeles County, where the airport is located. [Full Article...]

All New Skoda Scala Premium Family Hatchback Unveiled

All New Skoda Scala Premium Family Hatchback Unveiled Depending on the variant, the Scala will get wheels measuring between 15 - 18 inches in diameter. With the Scala, Skoda seems to be betting big on redefining the A segment of vehicles as the new hatchback promises to set new benchmarks among its rivals; global market launch in the first half of 2019. [Full Article...]

Marlboro maker Altria Group Inc. places $1.8 billion bet on marijuana

Marlboro maker Altria Group Inc. places $1.8 billion bet on marijuana It's clear Altria has reassessed its competitive position. It also plans to focus on more reduced-risk tobacco products. The company attributed this to regulatory restrictions and lack of financial prospects for those products. "Investing in Cronos Group as our exclusive partner in the emerging global cannabis category represents an exciting new growth opportunity for Altria ", Howard Willa... [Full Article...]


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