Business

Business China cuts taxes in bid to stimulate economy
Author: 0 China cuts taxes in bid to stimulate economy

According to Li, these policies will cut costs for businesses by almost RMB 2 trillion (US$298.3 billion). Spending on the Communist Party's military wing, the People's Liberation Army, will rise to 1.2 trillion yuan ($178 billion), according to a separate report issued by the finance ministry.

Business Tesla’s new charging network will halve waiting times
Author: 0 Tesla’s new charging network will halve waiting times

The next-generation charging station looks identical to the company's existing Supercharger V2 stations, save for thinner, liquid-cooled cables on the newer units. Supercharging V3 isn't as quick as CEO Elon Musk suggested when he called the 350 kw peak of CCS charging at the time "a children's toy". The Model Y SUV, due to be revealed next week , will likely also be able to use the system because it shares technical elements with the Model 3 saloon.

Business USA trade deficit hits 10-year high despite tariff war
Author: 0 USA trade deficit hits 10-year high despite tariff war

Weinstein said the President appears to be relying on a 2018 analysis of data from the 1990s, when the United States represented a larger share of the global economy and enjoyed more leverage over exporters in other countries. The dollar's climb was partly due to a series of rate hikes by the Federal Reserve. Simultaneously, other countries - including China and members of the European Union - have not been doing so hot.

Business Huawei sues US government, seeks NDAA ban lift
Author: 0 Huawei sues US government, seeks NDAA ban lift

Guo said the U.S. government had "mislead the American public" regarding Huawei and "never presented evidence" regarding its allegations against the company. The lawsuit also alleged that Huawei had been denied due process and that Congress, by stripping Huawei of commercial opportunities, violated the "separation of powers" portion of the constitution by doing the work of the courts.

Business Body of missing Sydney dentist found in suitcase
Author: 0 Body of missing Sydney dentist found in suitcase

The police have confirmed that Preethi was stabbed several times. The 32-year-old from Penrith in western Sydney had been attending a dental convention at St Leonards over the weekend. "Any little piece of that puzzle we can get off members of the public is very very much appreciated", Det Supt Dengate said. The Glenbrook dental surgery where Dr Reddy worked was closed on Wednesday with a sign on the door that said: "Due to tragedy concerning our beloved colleague, the surgery will be ...

Business Geneva Motor Show: One-off Bugatti Voiture Noire showcased
Author: 0 Geneva Motor Show: One-off Bugatti Voiture Noire showcased

At the ongoing Geneva Motor Show , Bugatti presented the Voiture Noire which translates to black auto. La Voiture Noire , Bugatti says, pays homage to its Type 57 SC Atlantic. They are billing it as the most expensive new vehicle ever - at €11 million, coincidentally a million euros for every decade. The material has been handled perfectly, says Bugatti designer Etienne Salome, adding that the design was worked upon until nothing could be improved.

Business Trump plans to scrap preferential trade status for India
Author: 0 Trump plans to scrap preferential trade status for India

The US also intends to remove Turkey from its GSP programme . India, Donald Trump had said a few days ago, was " a high-tariff country ". The U.S. market, the statement said. The criteria include providing intellectual property protection, and giving the USA reasonable and fair market access. "An increase in Gross National Income (GNI) per capita, declining poverty rates, and export diversification, by trading partner and by sector, are evidence of Turkey's higher level of ...

Business After 'botch,' Walmart moves to keep disabled greeters
Author: 0 After 'botch,' Walmart moves to keep disabled greeters

Walmart created a new position, "customer host", that replaced the role of traditional greeters at some Walmart stores. The new role also has more physical requirements, disqualifying many people with disabilities who have worked as greeters.

Business Musk says next vehicle to be unveiled this month
Author: 0 Musk says next vehicle to be unveiled this month

Two teaser photos of the Model Y have been released. The all-electric SUV is the fifth vehicle that the auto firm has put into production since it was founded in 2003. "Personally, I'm most excited by the Tesla Truck", Musk writes . The bigger size, along with a bigger frontal area than the Model 3, means range of the Model Y will be slightly less than the sleeker, more aerodynamic Model 3 for the same battery size.

Business Oil dips as trade talks drag, China's economy slows
Author: 0 Oil dips as trade talks drag, China's economy slows

Prices were dragged down by surging American crude oil production, which has risen by more than 2-million barrels a day over the past year, to an unprecedented 12.1-million barrels a day. "A slowdown in growth is very much a risk, but we don't foresee demand falling off a cliff as a result", said Ashley Petersen of Stratas Advisors. On Thursday, it was reported that China's February factory activity fell for a third month.

Business Cuomo: No reason to think Amazon might reconsider plan
Author: 0 Cuomo: No reason to think Amazon might reconsider plan

NY politicians, CEOs, and labor leaders signed onto the letter . Thus far, there has been no response to the letter from Amazon. Gov. Cuomo, who signed on to the letter, said he had recently spoken to Bezos, but that "up until now we haven't seen any change in their position".

Business Trump Tweets, Oil Prices Sink
Author: 0 Trump Tweets, Oil Prices Sink

Prices fell more than 3.5 percent on Monday, their biggest daily percentage drop this year, after Trump said he wanted the Organization of the Petroleum Exporting Countries to ease its efforts to boost oil prices. Members of the Organization of the Petroleum Exporting Countries together with non-OPEC producers such as Russian Federation have agreed to cut production by 1.2 million barrels per day this year to help balance the market and support prices.

Business Gap spinning Old Navy brand off into its own company
Author: 0 Gap spinning Old Navy brand off into its own company

Its shares surged more than 20 percent in after-hours trading on the news. "This is great news for Old Navy, no longer having its success consistently outweighed by sluggish performance by Gap", said Tiffany Hogan, senior analyst at Kantar Consulting.

Business Lyft's IPO filing shows surging revenue, widening losses
Author: 0 Lyft's IPO filing shows surging revenue, widening losses

Lyft expects investors will focus on the rapid expansion of the company's revenue, bookings, and market share rather than its operating losses. The company lists sustained losses among its risk factors and sees expenses continuing to rise. Lyft, which operates in the USA and Canada, was valued at just over $15 billion previous year. "Uber's got a bigger market share in the United States but Lyft's market share has been growing and additional publicity for Lyft is going to help it".

Business YouTube suspends comments on videos of kids
Author: 0 YouTube suspends comments on videos of kids

AT&T, Hasbro , Nestle, Disney and Epic Games all pulled out of YouTube after one blogger found a ring of pedophiles communicating and sharing disturbing links of children in the comment sections of videos featuring minors. In an address to content creators, it said it would continue suspending comments on "at risk" videos containing "young minors", but it would also be expanding the effort to include videos featuring older children as well.

Business India demands Pakistan release pilot as Kashmir crisis intensifies
Author: 0 India demands Pakistan release pilot as Kashmir crisis intensifies

US Secretary of State Mike Pompeo on Thursday expressed hope that the tension between India and Pakistan would de-escalate after he had "good conversations" with the two nuclear-armed neighbours. The flight operations were suspended in the country on Wednesday after tensions soared with neighboring India, sources said. Khan alluded to the catastrophic consequences of nuclear war and called for talks, even as he warned India should not take the announcement as a sign of weakness.

Business Trump delays imposition of increased tariffs on Chinese goods
Author: 0 Trump delays imposition of increased tariffs on Chinese goods

A very good weekend for U.S. & China! Tariffs Hurt the Heartland also predicted that American workers would lose almost 1 million U.S.jobs, if tariffs on 200 billion USA dollars of Chinese imports increased from 10 to 25 percent. Trade talks were initially expected to wrap up Friday but had been extended through the weekend in a sign of positive momentum. The Shanghai Composite index added 0.4 percent to 2,973.71, while Japan's Nikkei 225 index lost 0.5 percent to 21,421.31.

Business Tesla just revealed its long-awaited US$35,000 Model 3
Author: 0 Tesla just revealed its long-awaited US$35,000 Model 3

Perhaps those most familiar with a Model 3 will recognize the term "Premium Interior". With the standard interior , this works out to be just $24,950 after savings, according to the firm. However, it won't have some of the more advanced features. Guesses ranged from a new-vehicle reveal to a demonstration of the company's self-driving capabilities.

Business Powell put? Fed Chief says mkt volatility can affect economy
Author: 0 Powell put? Fed Chief says mkt volatility can affect economy

Federal Reserve Chairman Jerome Powell , asked if there's a "Powell Put" in financial markets , said the USA central bank will pay attention to financial-market volatility if it threatens economic stability. "We think the Fed is unlikely to raise interest rates again this cycle", said Andrew Hunter, senior United States economist at Capital Economics in London.

Business Victoria's Secret closing 53 stores this year
Author: 0 Victoria's Secret closing 53 stores this year

Even more closures are planned for this year, with L Brands saying that 53 of their North American stores are expected to shut their doors this year. The company has taken several hits over the past couple of years, with almost 30 stores shut down in 2018, Business Insider reports. Excluding items, L Brands earned $2.14 per share, beating analysts' expectations of $2.07 per share.

Business FCA announces $4.5 billion investment in MI manufacturing
Author: 0 FCA announces $4.5 billion investment in MI manufacturing

FCA plans to commence construction at this site in the second quarter of 2019 before production starts by the end of 2020. The company also announced it would build an all-new three-row Jeep at the same Mack facility. Given all of this news, it seems like it's a good time to be a Jeep or Ram dealer, with a huge variety of product coming down the pipeline in the next several years.

Business India confirms MiG 21 shot down, pilot missing
Author: 0 India confirms MiG 21 shot down, pilot missing

Hours later another video surfaced on social media, this time showing the same Indian Air Force pilot sipping tea and answering questions put to him by an off-camera "Major" present in room. "It's an extremely unsafe situation". "I would encourage direct dialogue between both countries to endeavour to resolve these matters in a peaceful way".

Business Elon Musk goes on attack in Twittersphere
Author: 0 Elon Musk goes on attack in Twittersphere

Securities regulators have asked that Musk be held in contempt for violating the terms of a settlement agreement. Shares of Tesla down almost 0.4 percent at $297.44 in early afternoon trading, but recoverd from the lowest point of the day.

Business American businesses in China see gloomy year ahead
Author: 0 American businesses in China see gloomy year ahead

She added that China will benefit from moving back to greater reliance on the USA market, as "that will help build trust, which has been badly eroded recently", she said. The fight is over US complaints that Beijing steals technology or pressures companies to hand it over. Trump had already expressed optimism about the negotiations Friday after meeting with China's vice premier Liu He , who led the Chinese side for the talks that concluded Sunday.

Business American Hero Buys $540 in Girl Scout Cookies
Author: 0 American Hero Buys $540 in Girl Scout Cookies

Dillard's post has since gone viral, amassing 25,000 Facebook reactions and more than 9,100 shares as of Tuesday afternoon, and many social media users have tried to identify the Good Samaritan behind the selfless act. McGowan gained national attention last weekend after a Facebook post of him smiling next to two Girl Scouts outside a sc grocery store was shared thousands of times.

Business Amtrak train stranded in OR after hitting tree
Author: 0 Amtrak train stranded in OR after hitting tree

Authorities are racing the clock to free almost 200 passengers who have been stuck on an Amtrak train in OR for two days. What should have been a scenic 35-hour trip from Los Angeles to Seattle became more like a journey on the fabled Oregon Trail when the Coast Starlight hit a tree Sunday evening.

Business Tesla's Elon Musk may be in contempt over tweet
Author: 0 Tesla's Elon Musk may be in contempt over tweet

The love, hate relationship between Tesla CEO Elon Musk and the SEC reached a new level Monday. Following the SEC's filing , Tesla shares fell by as much as 5.4 per cent as of Monday in NY. "Musk has thus violated the court's final judgment by engaging in the very conduct that the pre-approval provision of the final judgment was created to prevent", it said.

Business CORRECTED: Microsoft workers demand it drop $480 million U.S. Army contract
Author: 0 CORRECTED: Microsoft workers demand it drop $480 million U.S. Army contract

The group, called Microsoft Workers 4 Good, sent a letter to Microsoft CEO Satya Nadella and president Brad Smith requesting they cancel the company's $480 million contract to supply the devices. A Microsoft spokesman said, "We always appreciate feedback from employees and have many avenues for employee voices to be heard". The military said it wanted a heads-up display system that could supercharge soldiers' capabilities: giving them heat detection, night vision, and the ability to view ...

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