Business

Business Toyota recalls 2.4 million hybrids over stalling risk
Author: 0 Toyota recalls 2.4 million hybrids over stalling risk

It affects about 1.25 million vehicles sold in Japan, 830,000 vehicles in North America, and 290,000 vehicles sold in Europe. The recall applies to some Toyota Prius and Auris hybrids made from October 2008 to November 2014. Toyota said the cars involved in the recall had already been involved in previous recalls in 2014 and 2015, but: " the remedy conducted then did not anticipate the new condition identified in this recall ".

Business India's currency falls to all-time low against US dollar
Author: 0 India's currency falls to all-time low against US dollar

Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee's slide accelerated and concerns on liquidity emerged. "However, if oil comes down to $75 a barrel, then the rupee is expected to retract significantly against the greenback", he noted.

Business China 'put tiny chips in USA computers to steal tech secrets'
Author: 0 China 'put tiny chips in USA computers to steal tech secrets'

A third-party test of Elemental's Super Micro-assembled servers turned up those tiny, malicious chips, a discovery Amazon reportedly shared with U.S. Apple, Amazon, and Supermicro deny any knowledge of such an attack. "We remain unaware of any such investigation", said Super Micro. In response to Bloomberg's latest version of the narrative, we present the following facts: Siri and Topsy never shared servers; Siri has never been deployed on servers sold to us by Super Micro; and Topsy ...

Business Canada, US Reach Deal to Stay in Trade Pact With Mexico
Author: 0 Canada, US Reach Deal to Stay in Trade Pact With Mexico

Like many other Canadians, Rosen feels Canada hasn't been treated with respect, referring to the personal attacks and steel exports that are still subject to US tariffs over what Trump calls national security concerns. Trump has reciprocated by reportedly saying that Freeland "hates America". The leaders of all three nations are preparing to sign the agreement before the end of November - possibly at the Group of 20 summit in Buenos Aires, according to Mexican officials.

Business Amazon increases minimum wage for all U.S. employees to $15 an hour
Author: 0 Amazon increases minimum wage for all U.S. employees to $15 an hour

Bezos and Amazon have done the right thing", Sanders said in an interview Tuesday. E-retailing giant, Amazon, is increasing the wages of hundreds of thousands of its staff in the U.S and the United Kingdom. The median Amazon worker was paid $28,446 a year ago, according to company filings, which translates to about $13.68 an hour. Other companies also have moved to raise wages as the unemployment rate, now 3.9 percent, falls to historic lows.

Business Petrol, diesel prices slashed by Rs 2.50 per litre
Author: 0 Petrol, diesel prices slashed by Rs 2.50 per litre

He insisted that telling oil marketing companies to absorb Re 1 didn't imply going back on deregulation of prices. Prime Minister Narendra Modi's ruling Bharatiya Janata Party is facing a tough election in three key states this year, followed by a national election which is due by May.

Business Donald Trump Saudi king Salman bin Abdulaziz Al Saud discuss oil supply
Author: 0 Donald Trump Saudi king Salman bin Abdulaziz Al Saud discuss oil supply

WTI has risen around 18% since mid-August. Brent LCOc1 fell 18 cents to settle at $84.80 per barrel, a day after hitting a four-year high of $85.45. China's Sinopec said it halved loadings of Iranian oil in September. The Iranian oil minister further advised the United States to suspend sanctions against Iran to calm the market, adding that in the current situation, there is no shortage in the market, but the United States' provocations are increasing the prices.

Business Tesla shares rise on Musk’s deal with regulators and Model 3 numbers
Author: 0 Tesla shares rise on Musk’s deal with regulators and Model 3 numbers

In the settlement, Elon Musk is to pay a $20 million fine and Tesla will also pay a similar amount separately, totalling the fines to $40 million. The tweet suggested Musk would take Tesla off the stock market. As Tesla's largest shareholder, Musk is likely to retain a seat on the board and have influence in determining his successor as chair.

Business Island dairy farmers fear losses under new NAFTA
Author: 0 Island dairy farmers fear losses under new NAFTA

The Trump administration has been working to sign a new trade deal before Mexican President Enrique Peña Nieto leaves office on December 1. But the deal failed to resolve US tariffs on Canada's steel and aluminum exports. President Trump weighed in on the name during a Monday press conference, saying, "It has a good ring to it". The provision was particularly useful for Canadian lumber companies: they've brought several cases against US softwood lumber duties, most recently in 2017.

Author: 0 Amazon will raise company's minimum wage to $15 for all USA employees

The e-commerce behemoth has been hit by lawsuits in recent years alleging that it has used contract employees to skirt regulations and cut costs in the USA and overseas. The median pay for an Amazon employee past year was $28,446, according to government filings, which includes full-time, part-time and temporary workers.

Business Team Trudeau scores a (tentative) win with last-minute three-way trade deal
Author: 0 Team Trudeau scores a (tentative) win with last-minute three-way trade deal

Canada, the United States' No. 2 trading partner, was left out when the USA and Mexico reached an agreement last month. According to a joint statement between the nations, "USMCA will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region ".

Business Facebook hackers got access to Tinder, Spotify, Instagram and more
Author: 0 Facebook hackers got access to Tinder, Spotify, Instagram and more

Facebook has a " view as " feature that lets users see what their profile looks like when other people view them. Hitesh Kargathra, lead security consultant at Falanx Group , said organisations are being judged less on whether they have suffered a data breach and more on how these breaches are handled.

Business California's Net Neutrality Law Is Facing a Justice Department Lawsuit
Author: 0 California's Net Neutrality Law Is Facing a Justice Department Lawsuit

Gigi Sohn, a former senior aide to FCC Chairman Tom Wheeler, who ran the agency when the net neutrality rules were adopted, said the California law "is now the model for all future state and federal legislation. But dozens of states have done precisely what the FCC tried to prohibit, introducing bills meant to reinstate the Obama-era regulations. "That preemption of the states, despite the federal government relinquishing regulation itself, was upheld by the courts", Martin said, adding ...

Business Elon Musk surrender set to boost Tesla shares
Author: 0 Elon Musk surrender set to boost Tesla shares

Both have agreed to settle these terms without confirming or denying the allegations, leaving Musk $20 million out of pocket and required to step down as Tesla's chairman. Musk, a co-founder of Tesla , is the company's largest stockholder, owning approximately 22 per cent of its outstanding shares. Musk and Tesla each will pay a penalty of US$20 million, with the total US$40-million penalties to be "distributed to harmed investors under a court-approved process".

Business Elon Musk turns to army of Tesla volunteers to hit targets
Author: 0 Elon Musk turns to army of Tesla volunteers to hit targets

Musk and Tesla will each pay $20 million under the settlement , the SEC said in a statement Saturday . In it, the regulatory body alleged that Musk made "false and misleading" statements in August tweets about his plans to take Tesla private at $420 a share.

Author: 0 Elon Musk Is Having a Very Bad Week. So Are Tesla Investors

Shares in Tesla Inc dived 11% after United States regulators accused chief executive Elon Musk of fraud and sought to remove him from his role in charge of the electric auto company. Musk has blamed short-sellers, investors betting on a collapse in a company's share price, for Tesla's woes. According to CNBC , Musk could not accept that deal.

Business Facebook: 50 million accounts affected by security breach
Author: 0 Facebook: 50 million accounts affected by security breach

Zuckerberg said in a conference call with Reuters that tokens were not used to access private messages, post anything. The company says access tokens are digital keys that keep users logged in so they don't have to re-enter their passwords each time they try to log on.

Business Fed raises key rate to 2-2.25%, says more to come
Author: 0 Fed raises key rate to 2-2.25%, says more to come

The Fed lifted its short-term rate - a benchmark for many consumer and business loans - by a modest quarter-point to a range of 2 percent to 2.25 percent. The Fed, created by Congress in 1913, has for a generation been given a wide berth to set monetary policy without interference from elected officials.

Author: 0 Trump claims he rejected Trudeau meeting over Nafta frustrations

That appeared to be a reference to Foreign Affairs Minister Chrystia Freeland, a former journalist and careful tactician whose star turn in Trudeau's government has earned her deep respect in the Liberal caucus and beyond. "That's the big one". Kelly Craft, the US ambassador to Canada, said Foreign Minister Chrystia Freeland has been very helpful to her since she arrived in Ottawa last October.

Business Oil could rise to $100 by year-end, merchants warn
Author: 0 Oil could rise to $100 by year-end, merchants warn

Alexander Novak , energy minister for the former Soviet Union, said his country is ready to hike its oil output after the implementation of USA sanctions on Iran: "I don't think we can discuss the exact number at this point but what I can tell you for sure is that we have significant potential to increase our production".

Business Australia fruit scare: Needles found in New Zealand strawberries
Author: 0 Australia fruit scare: Needles found in New Zealand strawberries

Customers can also return punnets of the affected brand of strawberries for a full refund. The chain said no illness or injury has been reported in New Zealand . "The biggest issue reported by strawberry growers right now is supply". Woolworths Australia, Countdown's parent company, has withdrawn needles from sale as a "precautionary step".

Business Opec predicts massive rise in oil production over next five years
Author: 0 Opec predicts massive rise in oil production over next five years

OPEC, along with a group of Russia-led producers, put a cap on output in January 2017 in response to a supply glut and a sustained rout in oil prices that bankrupted United States energy firms and escalated unrest in exporting countries. "First, crude oil prices are rising against a strong dollar backdrop. I don't know of any refiner in the world who is looking for oil and is not able to get it", Falih said, adding that Saudi Arabia could raise output by up to 1.5 million barrels per day ...

Business Michael Kors is close to buying Versace for $2 billion
Author: 0 Michael Kors is close to buying Versace for $2 billion

Versace is 80% controlled by the late designer's family, with private equity firm Blackstone holding a 20% stake. The leader of the pack is every mom's favorite handbag maker, Kors. Versace , known for its flamboyant style and Medusa-head logo, hired chief executive officer Jonathan Akeroyd in 2016 from Alexander McQueen. Known for its baroque designs, Versace drew interest from several suitors, people familiar with the plans said.

Business Instagram cofounders reportedly leaving Facebook
Author: 0 Instagram cofounders reportedly leaving Facebook

Instagram founders Mike Krieger, left, and Kevin Systrom attend the 16th annual Webby Awards in NY in 2012. The New York Times first reported the move . Since then, Instagram has surged further in popularity, while Snapchat's growth has been inconsistent. Increased advertising on Instagram has seen the average price-per-ad across Facebook's apps decline this year after a year of an upswing.

Business President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers
Author: 0 President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers

Trump threatened last week to add $267 billion in Chinese imports to the target list if Beijing retaliated for the latest USA taxes. WASHINGTON READYING MORE MEASURES Trump on Saturday reiterated a threat to impose further tariffs on Chinese goods should Beijing retaliate, suggesting that Washington may slap tariffs on virtually all imported Chinese goods if the administration does not get its way.

Business ABC managing director Michelle Guthrie ejected - Strategy
Author: 0 ABC managing director Michelle Guthrie ejected - Strategy

In a later interview on ABC News, Milne said the board had been "looking at the question of Michelle's ongoing employment for the last couple of months". "The ABC board has legislated independence in relation to management appointments and the Government respects the duty and role of the board in these matters".

Business Oil prices ease as Trump tweets warning at OPEC
Author: 0 Oil prices ease as Trump tweets warning at OPEC

Varga further expanded by saying that the current trade war between the United States and other countries should have impacted the price of oil. US light crude was up 46 cents at $70.77, after earlier touching a high of $71.80. Mostly, however, it's the uncertainty over how easily other producers can compensate for any lost supply. Trump weighed into the debate via Twitter on Thursday, urging Opec to cut prices.

Business Aussie Woolworths taking sewing needles off shelves to combat strawberry-tampering
Author: 0 Aussie Woolworths taking sewing needles off shelves to combat strawberry-tampering

New South Wales Police say that the boy's actions "may be a prank ". Earlier this week, Woolworths NZ and Foodstuffs stopped the distribution of Australian strawberries. "The full weight of the law should be thrown at people", Labor frontbencher Tony Burke told Sky News . " Obviously in the last few days we found a young person has admitted to a prank, including putting needles in strawberries , and he'll be dealt with under the youth cautioning system", he said.

Business Coke: 'We have no interest in marijuana or cannabis'
Author: 0 Coke: 'We have no interest in marijuana or cannabis'

The fizzy drinks giant announced it was closely watching the growing marijuana-infused drinks market, in response to reports it was in talks with Canada's Aurora Cannabis Inc. " The space is evolving quickly", Coca-Cola spokesman Kent Landers told Bloomberg News . Marijuana becomes legal across Canada on October 17. Although many states in the U.S.

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