Economy

Queen Elizabeth to be evacuated in case of Brexit unrest

Queen Elizabeth to be evacuated in case of Brexit unrest Mr Baker said last week that the plan would replace the backstop - which is supposed to be temporary - with a permanent arrangement, while allowing more time to secure a free trade agreement with the EU. German Foreign Minister Heiko Maas tells the Funke newspaper group published Sunday that "we need clear proposals from London " and rejected a suggestion that the EU's position is increasing the ... [Full Article...]

Prime Minister could be preparing for a general election in June

Prime Minister could be preparing for a general election in June British Prime Minister Theresa May has said she is seeking changes to the Withdrawal Agreement she agreed with Brussels a year ago in order to win the support of parliament. She continued: "That is what parliament instructed me to do on Tuesday night". The Tánaiste said walking away from the withdrawal agreement would have serious consequences, and a time-limited or unilateral exit mechanism wou... [Full Article...]

New ride-hail minimum-wage takes effect while Lyft, Juno lawsuit pending

New ride-hail minimum-wage takes effect while Lyft, Juno lawsuit pending Drivers will be guaranteed the pay rate even during slow periods, incentivizing companies to keep drivers busy, the Wall Street Journal reports. Ride-hailing drivers in New York City are set to get a legally-guaranteed minimum wage on Friday , but new lawsuits filed Wednesday from two Uber competitors could put a wrinkle in their raise. [Full Article...]

Orlando police confirm TSA agent dead after jumping off airport balcony

Orlando police confirm TSA agent dead after jumping off airport balcony James Shaw, a guest at the hotel, said he saw the TSA officer climb over the balcony railing overlooking the atrium. The TSA said that several passengers scattered past the security areas without screening. Police also said the suicide was an isolated occurrence and there were no other safety concerns. A spokeswoman for Orlando International Airport told Orlando television station WKMG o... [Full Article...]

62% of Canadians say human rights trump trade in China relationship

62% of Canadians say human rights trump trade in China relationship The two indictments issued on January 28, 2019, represent just the latest pushback against foreign telecommunications interests by USA officials, citing national security concerns and unfair trade practice claims. Their arrests appear to be in retaliation to Canada's December arrest of Huawei Chief Financial Officer Meng Wanzhou at the request of the United States. [Full Article...]

Trump hails great news that Foxconn Wisconsin factory back on track

Trump hails great news that Foxconn Wisconsin factory back on track Trump bragged about the plan and appeared alongside Gou at a groundbreaking ceremony last summer wielding golden shovels. The company said it was looking forward to continuing its expansion of investment in American talent in Wisconsin and the U.S. [Full Article...]

BP to come clean on climate pledges

BP to come clean on climate pledges The moves are part of a wider, growing wave of shareholder power being exerted on oil and gas companies to be clearer about their contribution to rising carbon emissions, and what they are doing about it. "It's encouraging to see major companies such as BP moving in the right direction". Early in December Shell, having met with investors, chose to publish a number of steps which would align it t... [Full Article...]

United States economy added 304000 jobs in January, unemployment at 4%

United States economy added 304000 jobs in January, unemployment at 4% Average hourly earnings in the leisure and hospitality sector have risen almost 4% over the past year, compared to 3.2% for the workforce as a whole. The BLS also indicated that almost all of this increase was in the private sector and may reflect the impact of the partial federal government shutdown . [Full Article...]

Amazon profit jumps on strong holiday quarter

Amazon profit jumps on strong holiday quarter It was the second quarter in a row Amazon predicted softer-than-expected revenue. One consideration investors should at least consider about the first quarter over every year at Amazon is that the fourth quarter is by far more important to Amazon's year than any other (including the first quarter). [Full Article...]

Amazon and Walmart get caught in India's web

Amazon and Walmart get caught in India's web The rules, which kick in on Friday, do not allow e-commerce sites to "exercise ownership or control over the inventory" of sellers. The law leaves it open to interpretation whether a manufacturer in which Flipkart or Amazon has equity is allowed or disallowed to directly sell on their platforms. [Full Article...]

Unilever preps for no-sweat Brexit with Magnum ice creams, deodorants

Unilever preps for no-sweat Brexit with Magnum ice creams, deodorants He succeeded Paul Polman, who retired after a decade as CEO during which he drove Unilever toward a vision of a company that valued sustainability as well as profits. Unilever has said it is stockpiling Magnum and Ben & Jerry's ice cream, in preparation for a no-deal Brexit . This includes deodorants made in Britain and ice creams made in continental Europe, it said on Thursday. [Full Article...]

Italian economy slips back into recession

Italian economy slips back into recession ISTAT said in November the budget would support private consumption this year, and forecast growth of 1.3 percent, but since then the worldwide outlook has darkened. The EU Commission, anxious about a renewed flare-up of the region's dormant debt crisis, has insisted that the Italian government rein back its spending plans because they have the potential to further swell the country's high debt le... [Full Article...]

Brazil mining disaster toll reaches 110 | newkerala.com #96349

Brazil mining disaster toll reaches 110 | newkerala.com #96349 It said it estimated that investments of around US$5 billion would be necessary to decommission its upstream dams and estimated that the decommissioning process would occur over the next three years. A priest also said a prayer in front of a tall cross that had been erected in the mud. In 2015, another tailings dam partly owned by Vale collapsed in the Minas Gerais town of Mariana, causing the... [Full Article...]

No, Elon Musk Did Not Just Release All of Tesla's Patents

No, Elon Musk Did Not Just Release All of Tesla's Patents The end of a United States subsidy for electric cars has seen Tesla knock $2,000 of United States prices to prop up demand, while the company's also announced a 7 per cent cut in staff numbers as it looks to keep costs under control. "Lightning fast." Beyond service, Musk indicated that a new version of the company's Autopilot driver-assist function would be ready within a few weeks, pending reg... [Full Article...]

Recall of infant ibuprofen expanded

Recall of infant ibuprofen expanded The Food and Drug Administration says Tris Pharma is expanding a recall of Ibuprofen sold at Walmart, Family Dollar and CVS stores because it may be too concentrated. Adverse effects may include nausea, vomiting and pain high in the stomach right below the chest. The recalled product was packaged in 0.5 ounces and 1-ounce bottles and labeled "Infants' Ibuprofen Concentrated Oral Suspension". [Full Article...]

Apple worker charged with stealing self-driving-car secrets for China

Apple worker charged with stealing self-driving-car secrets for China Chen also worked directly on the project so was in a good position to nab some info. During Apple's search of Chen's personal electronics, which Chen reportedly consented to, the complaint says Apple found "over 2,000 files containing confidential and proprietary Apple material, including manuals, schematics and diagrams". [Full Article...]

Amazon’s fourth-quarter sales hit a record $72 billion

Amazon’s fourth-quarter sales hit a record $72 billion In the United States, the company shipped more than 1 billion items for free over the holidays with Prime. Last year, Amazon streamlined its ad products so they were less confusing to brands, and folded them under the Amazon Advertising moniker. [Full Article...]

Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB)

Facebook Surges After Big Q4 Earnings Beat (NASDAQ:FB) After 18 months of distraction defending itself over privacy and its role as a platform for electoral manipulation, Facebook Inc is focusing squarely on products after its strong fourth-quarter results won back investors, who sent its shares up almost 12 percent on Thursday. [Full Article...]

Polar vortex shuts down 11 GM auto plants in MI

Polar vortex shuts down 11 GM auto plants in MI GM halted work at four assembly plants and nine supporting facilities Wednesday night after utility Consumers Energy asked customers to help conserve natural gas, Automotive News (AN) reported . Poppe urged customers to lower the heat in their homes as much as possible, "so that we can deliver enough gas for everyone to have some heat, and to protect our most critical facilities like hospitals ... [Full Article...]

Volkswagen brings back cool with the electric beach buggy concept

Volkswagen brings back cool with the electric beach buggy concept Almost 60 years ago, Bruce Meyers created the Meyers Manx - an indecently cute VW Beetle-based dune buggy that came to define the beach culture that conceived it. But before you go reaching for the DEET or that electrified badminton racket thing, know that it's the exciting electric dune-buggy kind of "bug". "These attributes are embodied by the new e-buggy, which demonstrates how a modern, non-re... [Full Article...]


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