Economy

Hard Brexit: Sunderland poll shows 70 percent support leaving European Union without deal

Hard Brexit: Sunderland poll shows 70 percent support leaving European Union without deal Members of parliament on Tuesday voted 432 to 202 to rebuff the deal, giving May a crushing defeat with a 230-margin. But some MPs from both government and opposition parties are exploring ways to use parliamentary procedures to wrest control of the Brexit process away from the government, so that lawmakers, by majority vote could specify a new plan for Britain's European Union exit. [Full Article...]

Cadillac shows off its nameless-for-now first full electric

Cadillac shows off its nameless-for-now first full electric Cadillac furthered its recent product blitz January 2019 with the reveal of the brand's first EV. The company will also be releasing a street legal version of the hatchback racer. The President of Cadillac , Steve Carlisle, said that this electric crossover will be "the foundation for a new kind of Cadillac ". The output of battery systems will be adjusted according to vehicle and market dema... [Full Article...]

'Strange': China lashes Australia over drug death penalty criticism

'Strange': China lashes Australia over drug death penalty criticism Beijing said on Tuesday that Canadian Prime Minister Justin Trudeau's accusation that China "arbitrarily" sentenced a Canadian drug smuggler to death is irresponsible and lacks the spirit of the rule of law. File photo: Commonwealth Secretariat, via Flickr. According to his lawyer, the Canadian will have 10 days to appeal the sentence. "But it won't be so quick, it'll probably be some time ar... [Full Article...]

Theresa May's Brexit deal suffers the largest Commons defeat in 95 years

Theresa May's Brexit deal suffers the largest Commons defeat in 95 years DUP leader Arlene Foster, whose small party props up May's government in the Commons, also called for "fundamental change" to the Brexit deal. "It would deepen division when we need unity , it would bring chaos when we need certainty , and it would bring delay when we need to move forward", she told MPs. [Full Article...]

Ford to engineer and build bakkies for Volkswagen

Ford to engineer and build bakkies for Volkswagen Both companies also said they were open to considering additional vehicle programs in the future. " Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world", Diess said. [Full Article...]

President Trump says solution to shutdown impasse ‘so simple’

President Trump says solution to shutdown impasse ‘so simple’ The shutdown dragged into its 25th day on Tuesday with neither Trump nor Democratic congressional leaders showing signs of bending on the topic that triggered it - funding for the wall Trump promised to build along the border with Mexico. The House has rejected a Democratic-sponsored bill to reopen the federal government though February 1. During a closed-door meeting on Monday night, she told... [Full Article...]

MPs reject May's Brexit deal

MPs reject May's Brexit deal Giving her reaction afterwards, she was barely able to contain her frustration. We must focus on ideas that are genuinely negotiable and have sufficient support in this House. "But people are skeptical that she's going to get anything that's going to win over members even of her own party". "She needs to come up with something different than that", he said. [Full Article...]

The Hill: Ocasio-Cortez to Join House Financial Services Committee

The Hill: Ocasio-Cortez to Join House Financial Services Committee When Yahoo News White House correspondent Hunter Walker asked Trump about Ocasio-Cortez calling him a racist, the president waved his hand a retorted by simply asking, "Who cares?" Ocasio-Cortez fired back on Twitter. "She just takes us back to the big-spending, big-taxing Democratic Party , and the Democratic Party is not going to succeed that way", he said. In that same interview , Ocasio-... [Full Article...]

Trade Talks Between US, China In Beijing

Trade Talks Between US, China In Beijing China's overall trade surplus with the US hit a record in 2018, underscoring the political imperative to cut a deal ahead of a 1 March deadline after which US President Donald Trump has threatened to impose additional tariffs on Chinese goods. [Full Article...]

Trump confuses New Orleans for Nashville

Trump confuses New Orleans for Nashville CORRECTION: An earlier version of this story mislabeled the amount of money President Trump wants to pay for his border wall. The Trump administration acknowledges builders would benefit more financially, but says farmers would get regulatory clarity under the proposal. [Full Article...]

May urges MPs to back her Brexit deal ahead of crucial vote

May urges MPs to back her Brexit deal ahead of crucial vote Labour leader Jeremy Corbyn told colleagues on Monday that a no-confidence vote was "coming soon". Environment Secretary Michael Gove , meanwhile, urged parliament to join May in voting for her deal. May postponed a vote on the deal in December to avoid certain defeat, and there were few signs ahead of Tuesday's vote that sentiment had changed significantly since then. [Full Article...]

TSA staffing shortages hit nation's busiest airports amid government shutdown

TSA staffing shortages hit nation's busiest airports amid government shutdown He declined to provide absentee figures for Atlanta or other airports, saying that would compromise security by exposing possible vulnerabilities. The TSA will begin relocating airport screening officers "on a national basis to meet staffing shortages that can not be addressed locally", the federal agency said in a tweet Monday. [Full Article...]

GM shows off images of Tesla rivalling all-electric SUV from Cadillac

GM shows off images of Tesla rivalling all-electric SUV from Cadillac After promising on Friday that Cadillac would become GM's leading electric vehicle brand, the company unveiled the 2020 Cadillac XT6 EV two days later. The company plans to release a new model every six months through 2021. GM says the new framework lets GM operate with a new level of flexibility, allowing the company to respond to customer needs and trends with minimal lead and developmen... [Full Article...]

CEO of California utility PG&E resigns as firm faces liability over wildfires

CEO of California utility PG&E resigns as firm faces liability over wildfires The Legislature a year ago gave PG&E a partial bailout, instructing the Public Utilities Commission to take utilities' finances into account when deciding whether to let ratepayers absorb any of the costs of wildfire claims. PG&E serves 5.4 million electric customers and 4.3 million natural gas customers in northern and central California. Last month, federal judge supervising PG&E's San Bruno... [Full Article...]

Q4 2018 PC shipments dip amid trade tensions, CPU shortages

Q4 2018 PC shipments dip amid trade tensions, CPU shortages In the fourth quarter of 2018, PC shipments in China declined 2.5 percent year over year, but shipments grew 5.6 percent sequentially. Demand could, Kitagawa said, be pushed forward into 2019 "if CPU availability improves". The results slightly outperformed the forecast, which called for a decline of 4.7%, but also produced the largest year-on-year decline since the third quarter of 2016 (3Q16) ... [Full Article...]

Carlos Ghosn: Ex-Nissan chair faces 'two new charges'

Carlos Ghosn: Ex-Nissan chair faces 'two new charges' The auto executive's Japanese lawyers applied for bail soon after the new indictment on Friday. Ghosn has been detained since his November arrest . Ghosn, who denies the allegations, has shown no signs of backing down. A prosecutor's office spokeswoman said the charges against Ghosn carry a maximum prison sentence of 15 years. [Full Article...]

Jeff and MacKenzie in billion dollar split | Money Talks

Jeff and MacKenzie in billion dollar split | Money Talks The couple met in NY, when Bezos hired her to work for him when he was a VP at a Hedge Fund, 6 months later they were married. The National Enquirer reports that on May 13 of past year, he messaged Sanchez, "I want to smell you, I want to breathe you in". [Full Article...]

Nissan cancels lease on Ghosn's Tokyo apartment

Nissan cancels lease on Ghosn's Tokyo apartment One of his lawyers later conceded that Ghosn could spend a further six months behind bars before his case comes to trial. The court rejected an appeal by Ghosn's lawyers for his release from detention, and on Thursday turned down another appeal. [Full Article...]

Ford and JLR to cut thousands of jobs

Ford and JLR to cut thousands of jobs Ford is planning to cut more than 1,000 jobs in the United Kingdom over two years, with more than half the workforce at its Bridgend plant in south Wales likely to be axed. Ford is overhauling its European operations in an attempt to increase profit margins, including shutting down loss-making vehicle lines. Carmakers are also facing a shift in consumer preference away from sedans and hatchb... [Full Article...]

Tesla Drops Cheapest Versions of Model S, Model X

Tesla Drops Cheapest Versions of Model S, Model X Li replied: 'If this is what you truly have in mind, we can issue you a "Chinese green card"'. Tesla did not respond to a request for comment. Tesla's move to break ground on the factory comes amid the backdrop of an ongoing trade war between Washington and Beijing. [Full Article...]


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