Business

Business Ford, VW announce 'broad alliance': Agree to bakkie, electric car partnership
Author: 0 Ford, VW announce 'broad alliance': Agree to bakkie, electric car partnership

The tie-up on commercial vans and pickups will improve operating results from 2023, the partners said . With Ford Motor Company tapped to engineer and manufacture the alliance's mid-size ute, the Ford Asia Pacific product development centre in Broadmeadows, Victoria, could be charged with the responsibility of developing the Ranger again and, as a result, the Amarok for the first time.

Business Congress Will Skip Next Week's Recess If Shutdown Continues
Author: 0 Congress Will Skip Next Week's Recess If Shutdown Continues

If the shutdown lasts another week, they will miss a second paycheck this year. The Senate has the ability to override a Trump veto on funding the government. "If people are talking, Democrats and Republicans maybe they can come up with some alternatives", said Sen. Meanwhile, the effects of the partial government closure intensified around the country, with workers facing deepening anxieties about mortgage payments and unpaid bills.

Business Brexit vote: What just happened and what comes next?
Author: 0 Brexit vote: What just happened and what comes next?

She was also quick to point out that the vote made no efforts to put any new plans in place and has no path ahead of it. "This increases the possibility that Britain will ask for an extension to Article 50 - i.e., a delay of Brexit past the official 29 March date - while it tries to figure out something that they can all agree on", said Marshall Gittler, chief strategist at ACLS Global, in a note to clients.

Business Alexandria Ocasio-Cortez Schools Former GOP Governor On Marginal Tax Analogy
Author: 0 Alexandria Ocasio-Cortez Schools Former GOP Governor On Marginal Tax Analogy

Ocasio-Cortez will speak to Briahna Gray , senior politics editor at The Intercept , during her appearance, Variety reported Tuesday. President Donald Trump quickly waved off a question about Rep. Ocasio-Cortez tweeted of her Republican critics, "But I understand how they can't conceive of a life where people don't casually maintain 2 homes". We got under his skin'.

Business China December exports unexpectedly drop
Author: 0 China December exports unexpectedly drop

China's surplus with the USA grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. The figure is the highest on record since 2006, according to government-affiliated Global Times newspaper. "The external environment is still complicated and severe", customs agency spokesman Li Kuiwen told reporters on Monday. Economic data from China are being closely watched for signs of damage inflicted by the trade war between Washington and Beijing .

Business Pres. Trump seeks to sell shutdown, trade policies to farmers
Author: 0 Pres. Trump seeks to sell shutdown, trade policies to farmers

Trump brought Chilton onstage to talk about border security. The president was greeted at the airport by Agriculture Secretary Sonny Perdue, whose department is among those affected by the shutdown. " He's asking for such a small amount". "When the president says that agriculture is getting better, I don't think that's the real world in agriculture today", Duncan said at the convention.

Business PG&E stock plummets as it announces bankruptcy plans
Author: 0 PG&E stock plummets as it announces bankruptcy plans

That would dwarf the US$1.5 billion in cash and cash equivalents on hand as of Friday. According to Monday's SEC filing, the company is aware of about 50 complaints on behalf of at least 2,000 plaintiffs over its possible role in the Camp Fire , including six that seek to be class-actions.

Business May faces crushing defeat on Brexit deal
Author: 0 May faces crushing defeat on Brexit deal

Parliament voted 432-202 against her deal, the worst parliamentary defeat for a government in recent British history. Analysts across the City of London had been warning investors to be wary of the pound, with Brexit threatening major price volatility .

Business More Airports Close Security Checkpoints Because of TSA Staff Shortages
Author: 0 More Airports Close Security Checkpoints Because of TSA Staff Shortages

The was no word whether that includes the passenger being arrested. Sometime during the flight, the passenger disclosed he was carrying the firearm, and the airline immediately informed the TSA. While the shutdown's effects on airport operations do not appear to be widespread right now, smaller airports could be most vulnerable, because even a few absent TSA workers could cause long security lines.

Business Prosecutors set to indict Nissan's Ghosn again on Friday
Author: 0 Prosecutors set to indict Nissan's Ghosn again on Friday

It appears unlikely that Ghosn will be granted bail until his trial begins, which is expected to take at least six months, Ghosn's chief lawyer Motonari Otsuru said earlier, citing the complexity of a case involving documents in both Japanese and English.

Business Elon Musk says the next Tesla Roadster will be a flying vehicle
Author: 0 Elon Musk says the next Tesla Roadster will be a flying vehicle

The announcement widens the price gap between Tesla's more-affordable Model 3 sedans-their listed prices top out at about $52,000 for the "performance" model, which advertises a 310-mile range-and its other models. In contrast, more than one million people in the United States became permanent residents in 2017 alone. To a large extent, this was driven largely by sales of the Model 3 as Tesla delivering more than 145,000 units, almost one and a half times the combined sales of Model X ...

Business Sex Toy Stripped of CES 2019 Award Because Vaginas
Author: 0 Sex Toy Stripped of CES 2019 Award Because Vaginas

Called the Osé, it's a hands-free, adaptable device that uses "advanced micro-robotics" to mimic "all of the sensations of a human mouth, tongue, and fingers, for an experience that feels just like a real partner". Why then, did it go to the judging panel in the first place? Of course, those are just two products, compared to decades' worth products pandering to getting men off.

Business Saudi Arabia says vast oil reserves even bigger than thought
Author: 0 Saudi Arabia says vast oil reserves even bigger than thought

The Kingdom plans to ship about 7.1 million barrels per day (bpd) in February, down from 7.2 million bpd in January. However, "a cause for concern is that the EIA (Energy Information Administration) data was not all rosy, as the crude drawback of 1.7 million barrels came below market expectation of a 2.5 million barrel draw back", he added.

Business Air traffic controllers sue Trump administration over government shutdown
Author: 0 Air traffic controllers sue Trump administration over government shutdown

Screeners represent just 6 percent of government workers who didn't get paychecks Friday because of the shutdown. Employees posted pictures of the pay statements on Twitter and vented their frustration as the standoff over President Donald Trump's demand for $5.7 billion for a border wall entered its 21st day.

Business WSJ reveals 2019 iPhone lineup details
Author: 0 WSJ reveals 2019 iPhone lineup details

Apple will release three new iPhones in 2019 to succeed the current iPhone XS Max , XS and XR, and the highest-end model will indeed have three cameras, while the other two will feature dual cameras, according to a report by the Wall Street Journal .

Business China trade talks extended, amid continuing obstacles
Author: 0 China trade talks extended, amid continuing obstacles

The Wall Street Journal reported Tuesday the two sides were narrowing their differences, with Chinese officials offering greater purchases of USA goods and services and Cabinet-level follow-up meetings expected later this month. Notably, in Thursday's press conference in Beijing , Gao avoided verifying some of the specifics of the USTR press release, including the promise for China to purchase increased amounts of US goods as well as the specific list of issues covered.

Business Europe Just Got Hit With a Massive Wave of Auto Job Cuts
Author: 0 Europe Just Got Hit With a Massive Wave of Auto Job Cuts

And JLR is also one of the most heavily exposed auto makers to continuing consumer confusion about the wisdom of buying a diesel vehicle in the aftermath of the VW emissions scandal. Registrations dropped 6.8 percent past year to 2.37 million vehicles, the largest fall since sales nosedived 11.3 percent in 2008, according to data from the Society of Motor Manufacturers and Traders (SMMT) showed.

Business US, China leave future of trade talks unclear
Author: 0 US, China leave future of trade talks unclear

The S&P 500 Index has fallen about 7 percent since Trump and Xi agreed on a 90-day truce at their meeting in Argentina last month. Retailers sank after Macy's said its sales over the holidays were worse than expected, and airlines slumped after American gave a disappointing revenue forecast.

Business Parent company of Sears, Kmart prepares for possible liquidation
Author: 0 Parent company of Sears, Kmart prepares for possible liquidation

The bid now requires Lampert to deposit $120 million by 4 p.m. Wednesday through his ESL hedge fund. Lampert's offer also included a proposal to forgive $1.3 billion of debt he holds in exchange for ownership of the reconstituted Sears , a bankruptcy maneuver known as a credit bid that has also drawn objections from creditors.

Business Crude oil prices rise, boosted by OPEC cuts, market gains
Author: 0 Crude oil prices rise, boosted by OPEC cuts, market gains

Futures in NY rose as much as 1.6 per cent on Monday following six days of gains, the longest streak of increases since July 2017. Meanwhile, U.S. crude inventories were estimated to have declined. Brent crude futures for February are up $1.71, or 3%, at $58.76 a barrel. Today's early price action suggests investors are pricing in bullish news from the trade talks.

Business Tesla breaks ground on factory in Shanghai
Author: 0 Tesla breaks ground on factory in Shanghai

The Shanghai Gigafactory is significant not just because it's Tesla's first fully owned factory in China, but because it is the first wholly foreign-owned vehicle plant of any overseas auto manufacturer in China. Tesla's US-made cars are now subject to a 15 per cent tariff in the mainland after Beijing rolled back an extra 25 per cent tariff it slapped on U.S.

Business U.S., China could settle immediate trade issues: Ross on CNBC
Author: 0 U.S., China could settle immediate trade issues: Ross on CNBC

Hopes of a trade agreement between the USA and China are gripping the markets today. After months of US tariffs on Chinese imports and Chinese retaliatory tariffs on USA goods, Trump and Chinese President Xi Jinping held December 1, 2018 meetings at the G20 in Argentina.

Business Drone sighting stops flights out of London's Heathrow Airport
Author: 0 Drone sighting stops flights out of London's Heathrow Airport

She explained: " Heathrow's aim is to design a sustainable, fair and more efficient future airport while connecting the United Kingdom to global growth". Whoever had their fun with a drone at Gatwick is about to hand loads more anti-drone powers to the police, as the Home Office has announced the results of a consultation into What To Do About Drones.

Business Tesla prepared to deliver Model 3 to China buyers in March
Author: 0 Tesla prepared to deliver Model 3 to China buyers in March

Elon Musk has today announced via Twitter, that Tesla will go ahead with its accelerated plans to set up the China Gigafactory, with the groundbreaking scheduled to happen within the next few hours. Domestic production would help shield Tesla against import duties as the USA and China find ways to wriggle out of the tariff quandary. "Affordable cars must be made on same continent as customers", Musk said in another tweet.

Business China's central bank to pump US$210 billion into ailing economy
Author: 0 China's central bank to pump US$210 billion into ailing economy

China's central bank will further encourage financial institutions to support private enterprises, especially small and micro-sized firms in 2019. In 2018, China reduced RRRs four times to free up funds for banks to lend. "The economy is weak and stimulus needs to arrive quickly", economists at ING said in a note earlier this week. The cuts will be effective January 15 and January 25, and come ahead of the long Lunar New Year celebrations when cash conditions often get tight.

Business Government shutdown could impact tax refunds
Author: 0 Government shutdown could impact tax refunds

The country's tax collector is among the federal agencies affected by the government shutdown, now in its second week. The upcoming filing season was already going to be challenging for the IRS because the tax-law changes affect the forms and rules for individual filers, which was likely to cause more questions and more calls than usual.

Author: 0 Wall Street surges on strong jobs report, dovish Powell comments

There is "no pre-set path for policy and particularly with the muted inflation themes coming in we will be patient as we see how the economy evolves", Mr Powell said. Fed watchers have said that the bar is very high for the president to remove Powell "for cause" as the law appears to require, provided Powell decides to fight the dismissal in court.

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