Economy

China's Xi Calls for Reform Implementation, Offers No New Measures

China's Xi Calls for Reform Implementation, Offers No New Measures China's economy will produce "miracles that will impress the world" in the coming years, the 65-year-old top leader said while noting that there is no textbook of golden rules to follow for reform and development in China , a country with over 5,000 years of civilisation and more than 1.3 billion people. [Full Article...]

Flights suspended at Britain's Gatwick airport after reports of drones

Flights suspended at Britain's Gatwick airport after reports of drones An increase in near collisions by unmanned aircraft and commercial jets has fuelled safety concerns in the aviation industry in recent years. Gatwick Airport has advised anyone flying from the airport, or collecting someone, to check the status of their flight . [Full Article...]

RBC denies report it had access to users’ Facebook messages

RBC denies report it had access to users’ Facebook messages Although all of the so-called FAANG stocks - an acronym that refers to Facebook, Apple Inc., Amazon .com Inc., Netflix Inc., and Google-parent Alphabet Inc. The official Netflix Twitter account made light of the situation late Tuesday night by replying to the New York Times investigation with a joke. Other companies mentioned in the Times' report denied using their partnership with Face... [Full Article...]

Third Canadian detained in China as diplomatic feud escalates

Third Canadian detained in China as diplomatic feud escalates Michael Kovrig , a diplomat on leave from his post in Hong Kong, and Michael Spavor , entrepreneur who helped organize tourist trips to North Korea, were seized by Chinese state security officers nine days after Huawei Chief Financial Officer Meng Wanzhou was taken into custody on Canada's Pacific coast. [Full Article...]

USA stocks hold near 14-month low on a volatile day

USA stocks hold near 14-month low on a volatile day Health care stocks are leading major USA indexes lower in early trading on Wall Street after a federal judge ruled that the 2010 Affordable Care Act is unconstitutional. The S&P 500 is down 53.79 points, or 2.1 per cent. ANALYST'S TAKE: "While U.S. economic signals are not flashing red. many market participants believe the Fed should provide investors with some breathing room after higher intere... [Full Article...]

Huawei And ZTE Products Regarded As Security Threat By Czech Government

Huawei And ZTE Products Regarded As Security Threat By Czech Government A spokesperson with Global Affairs Canada said it was "aware of a Canadian citizen" who has been detained, but did not provide further details, citing the Privacy Act. In an op-ed in the Globe and Mail, Chinese ambassador Lu Shaye said Meng's arrest was a "miscarriage of justice", given that she wasn't charged under Canadian law. [Full Article...]

Facebook reportedly gave tech giants access to users' private messages

Facebook reportedly gave tech giants access to users' private messages The report on Facebook's partnerships with other companies was gathered from interviews with 50 former employees and documents obtained by the Times . Facebook is up to its neck in scandals around the world as regulators wake up to the danger posed by a social networking monopoly acting unilaterally to enrich itself at the expense of users' privacy. [Full Article...]

Elon Musk unveils underground tunnels, offers rides to VIPs

Elon Musk unveils underground tunnels, offers rides to VIPs That change will allow more electric cars, not just Teslas , to travel through the tunnel, with the addition of nothing more than specialized wheels-a modification which Musk said might cost from $200 to $300 per vehicle. One, known as the Dugout Loop, would take Los Angeles baseball fans to Dodger Stadium from one of three subway stations. Last month, the Boring Company scrapped plans for a ... [Full Article...]

Brent touches $57.20 on fears of oversupply

Brent touches $57.20 on fears of oversupply USA crude oil fell $2.22, or 4.4 percent to trade at $47.64 a barrel by 10:57 a.m. EST (1553 GMT), its weakest since September 2017. US West Texas Intermediate (WTI) crude futures were down 60 cents, or 1.2 per cent, at US$49.27 per barrel. [Full Article...]

Man arrested for trying to pay for McDonald's meal with weed

Man arrested for trying to pay for McDonald's meal with weed Gallagher told police his offer was only a joke. The officer said Gallagher's auto smelled of marijuana. When the McDonald's worker refused to go through with the deal, the vehicle drove off. An employee refused his offer to exchange a baggie of marijuana for an order of food. At the time of the incident, the suspect had a surfboard poking from the back of his vehicle. [Full Article...]

Oil prices steady as China-US trade tensions ease

Oil prices steady as China-US trade tensions ease The global benchmark crude traded at an $8.33-a-barrel premium to WTI for the same month. Meanwhile, the recent drop in crude prices has impacted a few marginal offshore projects that were set to move forward. Three countries - the United States, Russia and Saudi Arabia - account for about 40% of global production. They pledged to lower output by 1.2 million bpd, of which OPEC's share is 800,0... [Full Article...]

Former NASA engineer gets revenge on porch pirates with glitter bomb

Former NASA engineer gets revenge on porch pirates with glitter bomb In a YouTube video , Rober demonstrates what happens when a would-be thief attempts to steal what looks like an Apple Home Pod delivered to his home; when the package is opened, it sprays fine glitter everywhere and repeatedly distributes fart-scented spray in the air. [Full Article...]

Federal Reserve expected to hike interest rates Wednesday

Federal Reserve expected to hike interest rates Wednesday The tweet was targeting the Federal Reserve that is expected to raise interest rates again as it was steadily doing as the economy was growing. In an interview with Reuters last week, Trump said he needed the flexibility of lower rates to support the broader United States economy as he fights a growing trade battle against China, and potentially other countries. [Full Article...]

Police warn against Netflix email phishing scam

Police warn against Netflix email phishing scam In the email, it goes on to say in part "We're having some trouble with your current billing information". "Simply click restart your membership to update your details", the email reads. Another red flag in this particular scam is that they didn't use the person's proper name; instead they said, "Hi Dear", which is an automatic red flag on the email. [Full Article...]

Lincoln Continental Coach-Door Edition unveiled

Lincoln Continental Coach-Door Edition unveiled Rear-seat passengers will be more comfortable than ever. This limited-run model for 2019 also ties in with the 80th anniversary of the Continental nameplate, which originated in 1939 as the name for a one-off personal vehicle created for Edsel Ford . [Full Article...]

CBS denies $120 million severance payout to former CEO Les Moonves

CBS denies $120 million severance payout to former CEO Les Moonves Moonves vehemently denies any non-consensual sexual relations and cooperated extensively and fully with investigators", the Dechart partner and former Assistant U.S. The investigators found that CBS has dedicated inadequate resources to training and diversity and inclusion initiatives for a company of its size. Moonves stepped down from the network in September following the claims. [Full Article...]

California farm suspected in romaine outbreak recalls other produce

California farm suspected in romaine outbreak recalls other produce In a press release from Adam Bros Farming, Inc., the company said it was voluntarily recalling red leaf lettuce, green leaf lettuce and cauliflower, harvested from November 27 through November 30. According to a press release, Adam Bros. The grower says water in a reservoir tested positive for E. coli. In addition to recalling romaine lettuce and cauliflower, Adams Bros.is also recalling red a... [Full Article...]

Adam Brothers Farm Identified in E. Coli Outbreak

Adam Brothers Farm Identified in E. Coli Outbreak Adam Bros. Farming Inc. added the recalled produce was "grown in particular fields" and does not involve all of its products. While none of the recalled products have tested positive for E. Almost 60 illnesses from contaminated romaine lettuce have been reported in 15 states, with 23 people being hospitalized. While calling it "premature" to call the outbreak over, Williams said it was a go... [Full Article...]

Trump calls Michael Cohen a 'Rat' in tweetstorm

Trump calls Michael Cohen a 'Rat' in tweetstorm The president repeatedly criticized the Russian Federation investigation on Sunday, expressing frustration that his former attorney general allowed the investigation to take place. Mueller's findings". Last week Cohen confirmed in court that the president directed him to commit two felonies while paying off women to keep them silent about affairs they had with Mr. [Full Article...]

Google To Spend $1B On New West Village Campus

Google To Spend $1B On New West Village Campus Google plans to double the number of its employees in NY to around 14,000 over the next 10 years, Porat wrote on Monday. NY is quickly becoming a hub for technology as the city provides a better option to other places that would require more investment. [Full Article...]


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