Business

Business Amazon's Bezos accuses tabloid of blackmail
Author: 0 Amazon's Bezos accuses tabloid of blackmail

The National Enquirer published a story last month that included lurid texts between Bezos and former TV anchor Lauren Sanchez . Bezos said the Enquirer wanted him and his security consultant, Gavin de Becker , to make a false public statement saying they "have no knowledge or basis for suggesting that AMI's coverage was politically motivated or influenced by political forces".

Business Oil Slides on Disappointing U.S
Author: 0 Oil Slides on Disappointing U.S

An oil pumpjack and a tank with the corporate logo of state oil company PDVSA are seen in an oil facility in Lagunillas, Venezuela January 29, 2019. The producers known as OPEC+ started cutting production by 1.2 million barrels per day (bpd) from last month to avert a new supply glut, and OPEC has delivered nearly three quarters of its pledged cuts already, a Reuters survey showed last week.

Business India unexpectedly cuts key rate to boost slowing economy
Author: 0 India unexpectedly cuts key rate to boost slowing economy

The Reserve Bank of Australia, Bank of Korea and Bank of Thailand have also tempered their outlooks in recent weeks. The government was believed to be unhappy with the RBI over a number of issues, including its apparent reluctance to cut rates to stimulate the economy.

Business China trade war could benefit Europe, Mexico, Japan
Author: 0 China trade war could benefit Europe, Mexico, Japan

There are no plans yet for President Donald Trump and Chinese President Xi Jinping to meet soon in hope of finalizing a trade deal, Treasury Secretary Steven Mnuchin said Wednesday. "One major concern is the risk that trade tensions could spiral into currency wars, making dollar-denominated debt more hard to service", the report added.

Business Facebook Posts Record Profits Despite a Year of User Data Scandals
Author: 0 Facebook Posts Record Profits Despite a Year of User Data Scandals

Facebook's operating margin fell 11 percentage points year over year to 46% during the fourth quarter, due to higher infrastructure investments and a 42% increase in its headcount. He said the move is "a 2020 thing or beyond". During the fourth quarter, the public learned more about how it let Russian Federation manipulate users in campaigns that continued through the 2018 United States midterm elections.

Business European Union nations back Venezuela's Guaido as Maduro faces rising pressure
Author: 0 European Union nations back Venezuela's Guaido as Maduro faces rising pressure

A growing number of European nations publicly backed Venezuelan opposition leader Juan Guaidó as his country's interim president, ratcheting up diplomatic pressure on President Nicolás Maduro to step down from power. our actions and our co-operation with the Lima Group, along with Canada, and all the countries". Canada's Prime Minister Justin Trudeau also pledged $40million in humanitarian aid as he hosted a meeting of the Lima Group of Latin American countries and Canada.

Business Alphabet delivers better-than-expected Q4 revenue
Author: 0 Alphabet delivers better-than-expected Q4 revenue

All this even as Alphabet released mostly upbeat news yesterday about its Q4 results, beating analysts' forecasts in key metrics in many instances. The company said that in the fourth quarter , the number of clicks on advertisements on Google's websites increased 66 percent from a year earlier.

Business Millions in cryptocurrencies frozen after Canadian founder's death
Author: 0 Millions in cryptocurrencies frozen after Canadian founder's death

QuadrigaCX's founder Gerald Cotten, 30, died "due to complications with Crohn's disease" while travelling in India to open an orphanage in December, his wife Jennifer Robertson said . Quadriga did not have offices or a bank account of its own; in the court filing, Robertson said, "Gerry ran the business through his laptop, mostly at our home, but also wherever he happened to be".

Business UK trade secretary says EU 'irresponsible' to refuse to reopen Brexit deal
Author: 0 UK trade secretary says EU 'irresponsible' to refuse to reopen Brexit deal

She said: "When I return to Brussels I will be battling for Britain and Northern Ireland". The EU has said the deal can not be renegotiated. Writing in the Sunday Telegraph , Mrs May said: "While replacing the backstop with alternative arrangements was one option, [Sir Graham] would also be happy with the current backstop if there was a time limit or unilateral exit mechanism".

Business U.S. adds 304K jobs in January
Author: 0 U.S. adds 304K jobs in January

The unemployment rate rose to 4 percent , its highest level since June, which the Labor Department attributed to the impact of the shutdown . The wage number is long overdue, and the jobs number continues to outpace the underlying demography.

Business Foxconn recommits to $10B Wisconsin plant after call from Trump
Author: 0 Foxconn recommits to $10B Wisconsin plant after call from Trump

The company had said previous year that it was planning to build such a facility in Wisconsin , but comments by a Foxconn official this week that it was not building a factory in the state cast the future of the project in doubt. But as journalist Aaron Rupar noted on Twitter , the information in the CNBC article is hardly great news for Wisconsin's blue-collar workers. The latest developments in the troubled deal cut by Wisconsin Republicans raises new questions about their actions in ...

Business What is Theresa May's next Brexit move? | UK
Author: 0 What is Theresa May's next Brexit move? | UK

He was referring to another motion passed by Britain's Parliament on Tuesday that rejected a no-deal Brexit. Other Labour MPs from constituencies in the North, who did not vote against the Cooper amendment, also weighed in. The Prime Minister told MPs she accepts legal changes will have to be made to the agreement. On Saturday, McDonnell will tell activists in Stoke-on-Trent - which voted for Brexit more emphatically than any other city - that it and other industrial areas left ...

Business Tesla posts one other quarterly revenue
Author: 0 Tesla posts one other quarterly revenue

The EV maker delivered 140,000 Model 3 units in 2018. In the midst of the struggle to boost production enough to make the base Model 3 profitable, Musk then upped that number to 6,000 per week. Tesla told investors that it manufactured more than 253,000 vehicles in 2018 and delivered 245,000 cars to customers. Tesla last disclosed in May that net Model 3 reservations - accounting for new orders and cancellations - exceeded 450,000.

Business FERC claims 'concurrent jurisdiction' in PG&E-NextEra bankruptcy dispute
Author: 0 FERC claims 'concurrent jurisdiction' in PG&E-NextEra bankruptcy dispute

The move comes despite state investigators determining last week that the utility's equipment was not to blame for a 2017 fire that killed 22 people in Northern California wine country. PG&E Corporation and its primary operating subsidiary Pacific Gas & Electric Company - operator of California's Diablo Canyon nuclear power plant - has today filed for reorganisation under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Northern District of California.

Business Carlos Ghosn claims he was arrested to thwart merger with Renault
Author: 0 Carlos Ghosn claims he was arrested to thwart merger with Renault

Although Ghosn wanted to include Osamu Masuko, Mitsubishi's CEO, in these discussion, Saikawa is claimed to have insisted on keeping the conversation "one-to-one". "In an interview with Les Echos business newspaper and Agence France-Presse published on Thursday, Ghosn also called the charges and accusations a 'distortion of reality meant to destroy his reputation".

Business Amazon hits record $4.3 billion profit
Author: 0 Amazon hits record $4.3 billion profit

The company has only recently exceeded analyst expectations during the fourth quarter. For the full year, net sales were up 31 percent to $232.9 billion, compared to $177.9 billion in 2017, while profit climbed to $10.1 billion. Amazon first broke out how many customers actually pay for Prime membership in April 2018 - a whopping 100 million. While this was better than analysts had expected, it was still the slowest sales growth for the firm since the start of 2015.

Business Outrage After Maduro Troops Intimidate Guaido at His Home
Author: 0 Outrage After Maduro Troops Intimidate Guaido at His Home

Maduro has also received support overseas from nations such as China, Cambodia, Iran, Laos, North Korea, Russia, Syria and Turkey, while others like Australia, Canada, the European Union and Israel have joined the U.S.in backing Guaidó. In addition, Americans who work for non-US companies located outside the United States and Venezuela have until March 29 to conduct "certain maintenance or wind-down transactions", according to the notice dated January 31 and posted on the department's website ...

Business US Crude Oil Price Benefiting From Venezuela Crisis, Stockpiles Data
Author: 0 US Crude Oil Price Benefiting From Venezuela Crisis, Stockpiles Data

Russian Federation has accused US President Donald Trump's administration of trying to usurp power in Venezuela and warned against any military intervention. Asked to explain the words, the White House said in an email that: "As the President has said, all options are on the table". The ministry said later that Russian Federation expects Venezuela to meet its obligations, according to an emailed statement.

Business Federal Reserve holds interest rate, stresses
Author: 0 Federal Reserve holds interest rate, stresses "patience" on future hikes

Of the companies in the Standard & Poor's 500 that have reported results for the final three months of 2018, 77% have delivered earnings growth that topped Wall Street's forecasts. "What this has done has helped to ease financial market conditions and accordingly volatility and boosted equity prices, specifically in the US but globally as well".

Business India unemployment rate highest in 45 years
Author: 0 India unemployment rate highest in 45 years

NITI Aayog vice-chairman Rajiv Kumar said that the "veracity of the data is not known". The news report further said that unemployment was higher in urban areas (7.8 per cent) as compared to 5.3 per cent in rural areas of the country. PM Modi is facing growing discontent over depressed farm incomes and doubts over whether his policies are creating enough jobs. The results of the job survey, as reported by the Business Standard , is in sync with another survey done by Centre for ...

Business Apple iPhone sales in 'disappointing' fall
Author: 0 Apple iPhone sales in 'disappointing' fall

FILE PHOTO: Apple CEO Tim Cook speaks at the Anti-Defamation League's "Never is Now" summit in New York City, New York, U.S., December 3, 2018. The company's investors have been closely tracking the company's share repurchase activity in hopes that it will help buoy the share price, which has fallen more than 30 percent since November, knocking Apple off its throne as the world's largest technology company with a market value of more than $1 trillion.

Business USA imposes sanctions on Venezuela state oil firm PDVSA
Author: 0 USA imposes sanctions on Venezuela state oil firm PDVSA

He said Citgo assets in the United States will be allowed to continue to operate - provided that any funds that would otherwise go to the state-owned oil company be sent to a blocked account in the United States. "Since August 2017, Canada has been working closely as a member of the Lima group , which is comprised of over a dozen Latin American countries and the Caribbean, to address the Venezuelan crisis", Freeland said.

Business USA targets Maduro with oil sanctions in boost for opposition
Author: 0 USA targets Maduro with oil sanctions in boost for opposition

Maduro, in a live national broadcast on Monday, accused the United States trying to steal Citgo, Venezuela's OPEC member's most important foreign asset. Bolton clutched the notepad during Monday's White House press briefing, in which the administration announced sanctions against Venezuelan state-owned oil company PDVSA.

Business Shutdown over Trump's border wall cost the United States economy $11bn: CBO
Author: 0 Shutdown over Trump's border wall cost the United States economy $11bn: CBO

The five-week partial shutdown of the US government will ultimately cost the world's biggest economy just $3 billion, though the closure had indirect effects that are tough to measure, the Congressional Budget Office said. Democrats, eager to capitalize on their political victory, oppose any border wall money, but say they back additional funding for border security measure such as increased technology and Border Patrol agents.

Business U.S. charges Chinese tech giant Huawei, top executive and two subsidiaries
Author: 0 U.S. charges Chinese tech giant Huawei, top executive and two subsidiaries

Acting Attorney General Matt Whitaker says the department is proceeding with its extradition efforts against Meng, who was detained December 1 at the request of the USA upon arriving at the airport in Vancouver. Meng is out on bail in Vancouver and is due to back in court February 6 as she awaits extradition proceedings to begin. The charges stemmed from a civil lawsuit filed by T-Mobile in 2014 over a robot " Tappy ", which was used in testing smartphones.

Business Britain urged not to give gold to Maduro by Venezuela opposition leader
Author: 0 Britain urged not to give gold to Maduro by Venezuela opposition leader

According to Axios , Israel on Sunday joined the U.S., Canada and several other Latin American countries in announcing that it would recognize Guaido as the de facto president of Venezuela . At the same time, Maduro demonstrated his might, wearing tan fatigues at military exercises. Leading opposition figures were not allowed to stand in the election.

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