Business

Business China's Dalian port bans Australian coal imports, sets 2019 quota
Author: 0 China's Dalian port bans Australian coal imports, sets 2019 quota

The Dalian ports handled about 14 million tonnes of coal past year, half of which was from Australia, said Gu Meng, an analyst at Orient Futures. China's Foreign Ministry Spokesperson, Geng Shuang, has said the decision is related to "environmental protection" and the government "conducting risk analysis".

Business Disgruntled airport employee was behind Gatwick drone chaos, source claims
Author: 0 Disgruntled airport employee was behind Gatwick drone chaos, source claims

It is illegal to fly drones within five kilometres of an airport in the State and all drones that weigh more than 1kg must be registered with the IAA. The source says the drone flew past the control tower - where the pilot knew it couldn't be photographed due to a ban on devices in the operations centre - and also seemed to hide behind low buildings, where its rogue operator knew it wouldn't be detected by the airport's detection systems.

Business Oil Holds Firm As US-China Talks Enter Crucial Phase
Author: 0 Oil Holds Firm As US-China Talks Enter Crucial Phase

Crude oil prices appeared headed for a fifth-consecutive positive session with investor expectation that prices may see new gains ahead on geopolitics affecting supply. U.S. West Texas Intermediate ( WTI) crude futures gained 30 cents to settle at $57.26 per barrel, after hitting $57.81 earlier on Friday, also their highest for the year.

Business Tesla Model 3 loses Consumer Reports recommendation over 'declining reliability'
Author: 0 Tesla Model 3 loses Consumer Reports recommendation over 'declining reliability'

When the Model 3 first came out in 2017, Consumer Reports gave it an average predicted reliability score based on the survey results at the time about the Model S because the two shared much of the same technology. On January, Tesla noted that Model 3 handovers in China would begin around March. This survey guides Consumer Reports decision making when it comes to the continuing recommendation of vehicles and is compiled using data from nearly half a million vehicles.

Business Supreme Court dismisses Ericsson contempt plea against SBI in RCom case
Author: 0 Supreme Court dismisses Ericsson contempt plea against SBI in RCom case

Two Reliance directors were also held guilty of contempt. The Supreme Court also asked for a fine of Rs 1 crore to be deposited with the court's registry. The Supreme Court said three reliance companies had no intentions to adhere to the instructions given by it. "However, the court ruled the way it has ruled".

Business Amazon's retreat from NY
Author: 0 Amazon's retreat from NY

The announcement that NY would grant Jeff Bezos and other Amazon brass a helipad enabling them to fly over the discomfort did not sit well, to say the least. Who is to blame for the split, the tech behemoth or grouchy New Yorkers? "The fact that that group exists and was so heavily engaged periodically throughout the 14 months was a major contributor for how well things have rolled out at the state level", Moret said in a recent interview .

Business Oil rises to $66 on U.S, China deal, others
Author: 0 Oil rises to $66 on U.S, China deal, others

Former Shell Oil President John Hofmeister on the impact of US sanctions on Venezuela and the push for USA energy independence. Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel, though concern over China's economy tempered gains.

Business United Kingdom says can mitigate risk from Huawei: FT
Author: 0 United Kingdom says can mitigate risk from Huawei: FT

Shown here is its Honor phone. And in a potential blow to the U.S. claims, British media reported that the country's intelligence agencies have found it is possible to limit the risks of using Chinese-made networks. Both sources, who spoke on condition of anonymity because of the sensitivity of the matter, said the position was consistent with public statements made by the NCSC and British officials.

Business Honda shutting United Kingdom plant in latest blow to British auto industry
Author: 0 Honda shutting United Kingdom plant in latest blow to British auto industry

The automaker said more than a year ago it will close one of its Japan plants in 2022, in an effort to consolidate production as it focuses on new vehicle technologies. "Add the fact that the supply chain for most British-made cars crosses the Channel several times as parts are shipped back and forth, so any delays at the border after Brexit could severely disrupt the industry's "just in time" production method, and the United Kingdom starts to look like a less attractive place for worldwide ...

Business Payless ShoeSource to start liquidation sales at stores
Author: 0 Payless ShoeSource to start liquidation sales at stores

In 2017, Payless ShoeSource filed for Chapter 11 bankruptcy, closing 10 stores in MI, and 400 stores in the U.S. The announcement from Payless comes after the shoe giant was unsuccessful in finding a buyer. Toys "R" Us and The Bon-Ton Stores are among the retailers that have disappeared from the retail landscape in the last 12 months. Sources say Payless will start running going-out-of-business sales next week.

Business JP Morgan creates JPM Coin - a digital coin for payments
Author: 0 JP Morgan creates JPM Coin - a digital coin for payments

It will be launched in a test mode in the coming months. When launched, this first digital coin ever created by a U.S. bank may transform the entire payments business and enhance settlement efficiency. So, even though the new banker coin made a lot of bitcoin maximalists happy as they saw it as a hitman that will execute the much hated XRP , this and similar coins might actually exacerbate and accentuate the flaws of this way of thinking and approach to global settlements.

Business Amazon cancels plans for $2.5bn NY headquarters
Author: 0 Amazon cancels plans for $2.5bn NY headquarters

When Amazon announced its selection of the winning cities, it said part of the reason was that the Washington, D.C., and New York City areas stood the best chance of attracting the high-tech labor force needed. On Thursday, the company announced it would not be moving forward with plans to build a headquarters in NY, citing opposition from state and local politicians.

Business Tesla Introduces 'Dog Mode' to Keep Your Pet Cool
Author: 0 Tesla Introduces 'Dog Mode' to Keep Your Pet Cool

What's more, the center screen fitted in the vehicle informs passersby that the air con is on and that the dog's owner will be back soon . Tesla owners can feel less bad about leaving their pooch in their vehicle. The United States had 773,139 motor vehicles stolen in 2017 - the highest since 2009, according to data from the US Federal Bureau of Investigation.

Business Airbus to stop making struggling A380 superjumbo in 2021
Author: 0 Airbus to stop making struggling A380 superjumbo in 2021

Emirates' local rival Etihad of Abu Dhabi also disclosed it was cutting some Airbus and Boeing jet orders, highlighting growing questions over the growth of Gulf airlines. Airbus reported net profit of 3.1 billion euros over past year, up from 2.4 billion euros in 2017. "For us, the A380 is a wonderful aircraft loved by our customers and our crew".

Business China's Xi to meet top US trade officials
Author: 0 China's Xi to meet top US trade officials

At the start of next month, U.S. tariffs on $200billion (£155billion) worth of Chinese imports are set to more than double from 10% to 25%. The chief American envoy, Trade Representative Robert Lighthizer, and his Chinese counterpart, Vice Premier Liu He, shook hands at the start of the meeting at a government guesthouse but said nothing to reporters.

Business Oil prices climb amid output cuts
Author: 0 Oil prices climb amid output cuts

The U.S., Venezuela's biggest customer, is banning oil imports from the country as it condemns President Nicolas Maduro for fraudulently clinging to power after disputed elections. This doesn't bode well for the long-term crude oil bulls. " Reports are emerging that PDVSA is scrambling to secure new markets for its crude, after the U.S.

Business Jamaican Lottery Winner Claims Cheque In Full Scream Costume
Author: 0 Jamaican Lottery Winner Claims Cheque In Full Scream Costume

I haven't found it yet, but I'll be looking for one soon. Last month, a man in Iowa won $1 on a scratch ticket and drove all the way down to lottery headquarters and insisted on being paid out with a massive novelty cheque. He claimed he'd fallen ill after his win, sometimes finding himself in so much pain he'd forgotten his life-changing victory. It is not uncommon for lottery winners in the Caribbean to disguise themselves due to the high level of crime and fears they will be badgered ...

Business Activision Blizzard Lays Off Nearly 800 Employees As Previously Rumoured
Author: 0 Activision Blizzard Lays Off Nearly 800 Employees As Previously Rumoured

Cap Inv Counsel Inc has invested 0.5% in Activision Blizzard , Inc. Jane Street Grp Limited Liability stated it has 0.08% in Activision Blizzard, Inc . It has underperformed by 22.23% the S&P500. Blizzard is now developing a bunch of new games like a new Diablo IV mainline sequel , a new Diablo mobile game , and perhaps even Overwatch 2 .

Business Mnuchin, in China, looks forward to trade talks
Author: 0 Mnuchin, in China, looks forward to trade talks

Trump to lay out an AI plan / Axios "The American AI Initiative, as the new strategy is named, is unlikely to call out China directly..." Those tariffs now stand at 10 percent, but an additional $50 billion worth of imports has already been hit by a 25 percent tariff.

Business May offers Corbyn further Brexit talks in attempt to secure deal
Author: 0 May offers Corbyn further Brexit talks in attempt to secure deal

May's political opponents accuse the government of deliberately running down the clock until lawmakers face a last-minute choice between her deal and no deal. Labour leader Jeremy Corbyn responded that May had delivered "more excuses and more delays". Mr Corbyn accused Mrs May of refusing to listen to his alternative deal, involving permanent customs union membership, a close alignment with the single market and matching EU workplace and environmental protections.

Business It's National Pizza Day! Celebrate With Freebies And Tasty Deals
Author: 0 It's National Pizza Day! Celebrate With Freebies And Tasty Deals

Pretty much because everyone loves pizza. Hot off its first Super Bowl as the Official Pizza Sponsor of the NFL , Pizza Hut is saying thank you to the fans that helped make this football season one for the books. You should check out local Pizza Hut deals in your area too; in some places you can get two-topping large pizzas for only $7.99 each when ordering online.

Business Jaguar Land Rover woes drive India's Tata Motors to biggest quarterly loss
Author: 0 Jaguar Land Rover woes drive India's Tata Motors to biggest quarterly loss

Tata Motors, Jaguar Land Rover owner, says the savings from the program would be reflected in results for the first quarter of 2019. Brexit-related worries and a global shift away from diesel cars both in Europe and North America along with the impact of China-US trade tariffs is also hurting the maker of Land Rover Discovery and Evoque sport-utility vehicles and Jaguar XE and XF cars.

Business Trump reportedly will ban Chinese telecom equipment next week
Author: 0 Trump reportedly will ban Chinese telecom equipment next week

Pressure has been growing on Huawei in Britain, one of its most important markets in Europe, since a government report in July past year found that technical and supply-chain issues with the company's equipment had exposed national telecom networks to new security risks.

Business Amazon May Be Reconsidering Long Island City Headquarters
Author: 0 Amazon May Be Reconsidering Long Island City Headquarters

Governor Andrew Cuomo , who has touted the deal to bring Amazon to NY, criticized state Democrats. Much of the opposition stems from the billions in tax incentives that New York City and New York state want to give to the world's wealthiest company, which is owned by one of the world's wealthiest men.

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