Finance


Volvo XC40 Recharge (with 300 kW) is brand's first electric auto Volvo XC40 Recharge (with 300 kW) is brand's first electric auto
- October 18, 2019

The XC40 Recharge is Volvo's first fully-electric vehicle , and the first auto to appear in the automaker's " Recharge " vehicle line. As for charging, typical Level 1 and Level 2 options will be built in. Hakan Samuelsson, Volvo Car Group CEO, said that this plan will fundamentally change the structure of the company. As early as 2025, half of Volvo's worldwide vehicle sales will be accounted for by electric cars , the rest by hybrid vehicles. (more...)
Turkey-Syria offensive: Welsh Government expresses 'deep concern' Turkey-Syria offensive: Welsh Government expresses 'deep concern'
- October 17, 2019

Vice President Mike Pence said Monday he will lead a delegation to Turkey in the "immediate future" in an effort to end the violence. The 65-year-old's comments were made a day after he was quoted in Turkish media as saying that he would never declare a ceasefire in the region, and was not anxious about reactionary sanctions imposed by the US. (more...)
Les Echos: Renault CEO denounces 'coup' at Renault Les Echos: Renault CEO denounces 'coup' at Renault
- October 12, 2019

According to Reuters, Bolloré has been described as Carlos Ghosn's right-hand man, which the Renault-Nissan Alliance feels it needs to step away from. Before his ouster, Ghosn had been working on a plan for a full merger of Renault and Nissan, but had met resistance in Japan, which is concerned about French government influence in the alliance. (more...)
Porsche and Boeing join forces to build electric flying taxi Porsche and Boeing join forces to build electric flying taxi
- October 12, 2019

It what may seem like a shocking move, Porsche announced on Thursday (October 10) it is working on a fully electric flying auto. Porsche and Boeing are now working on a concept for a flying taxi. Steve Nordlund, vice president and general manager of Boeing NeXt , said the collaboration is building on the company's efforts "to develop a safe and efficient new mobility ecosystem". (more...)
Chicken recall due to Listeria contamination expands Chicken recall due to Listeria contamination expands
- October 12, 2019

The recall includes chicken products used at delis at grocery stores. Some of the retailers include Food Lion, Aldi, Giant Supermarket, and Jersey Mike's . "P-17453" inside the USDA mark of inspection. Symptoms of infection include high fever, severe headache, stiffness, nausea, abdominal pain, and diarrhea. (more...)
UAW Strike: General Motors Reportedly Fed Up UAW Strike: General Motors Reportedly Fed Up
- October 12, 2019

GM has reduced its work force to several factories and workers are apprehensive that they could endure the same fate as Lordstown Assembly â € "which never got a replacement for the Chevrolet Cruze and ended up being idled". General Motors Chief Executive Mary Barra stepped in on Wednesday, asking the union to wrap up outstanding issues and respond to a company offer made this week. (more...)
Johnson & Johnson, Risperdal Maker Hit With $8 Billion Verdict Johnson & Johnson, Risperdal Maker Hit With $8 Billion Verdict
- October 10, 2019

In May, a California jury awarded a couple $2.055 billion in compensatory and punitive damages over claims they got cancer from exposure to Bayer AG's Roundup weed-killer. The ruling marks another costly setback for Johnson & Johnson. An Oklahoma judge in August ordered J&J to pay $572.1 million to that state for its part in fueling the opioid crisis by deceptively marketing addictive painkillers, a sum that was substantially less than investors had expected. (more...)
Vans Pulls Pro-Hong Kong Shoe Design, Saying It’s Too Political Vans Pulls Pro-Hong Kong Shoe Design, Saying It’s Too Political
- October 10, 2019

Lam made but it clear on several occasions that you go out that Hong Kong government could handle the situation alone. USA -based analysts and former officials have seized on the more recent developments involving Apple and Hong Kong . (more...)
Farming industry dismayed at updated no-deal tariffs Farming industry dismayed at updated no-deal tariffs
- October 09, 2019

Boris Johnson's new Government is "now adrift without any effective fiscal anchor" and will break its budget rules in its first full year, the Institute for Fiscal Studies said. The spokesperson added: "Beyond that, the chancellor has already said that we will be reviewing the fiscal framework as we turn the page on austerity". (more...)
Pizza Express 'hires financial advisers' ahead of crunch talks about crippling debt Pizza Express 'hires financial advisers' ahead of crunch talks about crippling debt
- October 08, 2019

Plus, Bloomberg adds that the group's accounts at the end of past year reportedly show a total debt of £1.2 billion. According to Bloomberg , the group has hired advisers ahead of talks with creditors who hold £465m of debt due for repayment in 2021 and £200m due the following year. (more...)
Rocket's general manager's HK tweet angers China Rocket's general manager's HK tweet angers China
- October 08, 2019

Morey tweeted in support of Hong Kong protesters Friday and has since apologized, but the damage has already been done. He sent a tweet that read: "Fight for Freedom". China's Yao Ming (L) of the Western Conference team defends against Allen Iverson (C) of the Eastern Conference as the West's Tracy McGrady (R) and the East's Shaquille O'Neal (far L) look on during the NBA All-Star game in Denver, Colorado on February 20, 2005. (more...)
Turkey to invade Northern Syria to attack Kurdish forces Turkey to invade Northern Syria to attack Kurdish forces
- October 08, 2019

He reminded Trump that a supermajority of lawmakers - more than two-thirds of the full Senate, voted in January to express support for " continued military presence in northeastern Syria". The announcement was met with immediate blowback from some of Trump's closest allies , who said it will endanger the lives of Kurdish allies who have been fighting the Islamic State group in the region. (more...)
U.S. to impose tariffs on United States dollars 7.5 billion of European Union imports U.S. to impose tariffs on United States dollars 7.5 billion of European Union imports
- October 07, 2019

European Union trade commissioner Cecilia Malmstrom said this week that there had not yet been a positive response to that proposal, but that the bloc would continue to pursue a deal that avoided further tariffs and deterioration in trans-Atlantic trade. (more...)
PayPal officially drops out of Facebook's Libra project PayPal officially drops out of Facebook's Libra project
- October 07, 2019

Now, according to a PayPal spokesperson, the company has made a decision to discontinue its involvement with Facebook but might be willing to resume this partnership, probably if the regulatory flames are quenched. What this means: For Paypal to walk away from Libra right now even before the project has been launched is a big blow to Facebook and the Libra Association in general. (more...)
Iran Says Chinese State Oil Firm Pulls Out From $5b Deal Iran Says Chinese State Oil Firm Pulls Out From $5b Deal
- October 07, 2019

Zangeneh said Iranians alone would redevelop the portion of its South Pars oil field. Phone calls to the CNPC rang unanswered on Sunday and its website bore no mention of the withdrawal. In response, Iran has gradually scaled back its commitments to the 2015 nuclear deal, under which Tehran accepted to curb its nuclear activities in return for lifting most global sanctions. (more...)
Celebrate National Taco Day at these 9 Athens restaurants Celebrate National Taco Day at these 9 Athens restaurants
- October 05, 2019

The only catch is that this deal is limited to 5 tacos per person. Puesto (locations in San Diego and La Jolla): Head to any Puesto location and enjoy a Taco of the Month (Pescado a la Veracruzana) when dining in on National Taco Day . (more...)
UAW strike against GM now hitting both sides of the border UAW strike against GM now hitting both sides of the border
- October 04, 2019

General Motors (GM) on Wednesday reported higher third-quarter U.S. auto sales and lower vehicle inventories as it contends with an auto worker strike now in its third week . General Motors will soon lose $600 million in profits by the week's end because of the ongoing strike affecting several states, including Kentucky. (more...)
Fashion Chain Forever 21 Files For Bankruptcy, Likely to Shut 178 stores Fashion Chain Forever 21 Files For Bankruptcy, Likely to Shut 178 stores
- October 03, 2019

Forever 21 had announced last week that it would pull out of Japan by October due to "continued sluggish sales". A Forever 21 store is pictured on August 8, 2014 in Chicago, Illinois. The company plans to shutter the majority of its non-U.S. locations except in Mexico and Latin America . Do you think the retail sector is still a good place to invest? Overall closures could reach 12,000 this year, indicating a crisis for traditional retailers, according to global research firm ... (more...)
US MIDDAY: Soya, corn futures rally
- October 03, 2019

Chinese firms bought up to 600,000 tonnes of USA soybeans on Monday as part of a tariff-free quota allotted to the importers to buy up to 2 million tonnes this week, two sources with knowledge of the deals said. With large shares anticipated in the present day's USDA crop report, lastly a bullish crop report. "Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2018 soybean production is ... (more...)
Diesel, 95 octane petrol and paraffin will cost you more from Wednesday Diesel, 95 octane petrol and paraffin will cost you more from Wednesday
- October 02, 2019

Lets us tell you at what price petrol and diesel are being sold all over the country. The fuel prices are revised on a daily basis in India, and petrol and diesel rates are directly dependent on crude oil prices . On 31st August, the petrol price was reduced by Rs 4.59. But the AA says increases were expected this month on foot of the Saudi drone attacks, and subsequent rise in world oil prices. (more...)
Apple iPhone exploit could allow permanent jailbreak Apple iPhone exploit could allow permanent jailbreak
- October 01, 2019

Apple (NASDAQ: AAPL ) last released its quarterly earnings results on Tuesday, July 30th. "I am releasing my exploit for free for the benefit of iOS jailbreak and security research community". "They will be safer". There are also security threats as criminals could use the vulnerability to circumvent Apple's iCloud account locks , which are used to render stolen or lost devices useless or to install poisoned versions of iOS that steal user information. (more...)
Vaping lung injuries now surpass 800 cases nationwide, CDC says Vaping lung injuries now surpass 800 cases nationwide, CDC says
- September 29, 2019

Twelve people have died, according to the CDC's tally, though the Oregon Health Authority reported another death, the second in the state, on Thursday , and warned people to "stop vaping immediately". Prior data from several states indicated that 83 percent to 100 percent of patients reported that they had vaped THC. Sharpless said the agency plans to distribute a guidance document in the next few weeks that would "dramatically impact" the flavored e-cigarette market. (more...)
Prime Minister Modi receives award for Swachh Bharat programme Prime Minister Modi receives award for Swachh Bharat programme
- September 26, 2019

Modi also showered Trump with equivalent amounts of praise. "President Trump is strongly with us in this fight, and he has shown determination to fight against terrorism", PM Modi said , and asked the audience to applaud the USA president. (more...)
Office rental broker Adam Neumann enters Low Earth Orbit to declare Office rental broker Adam Neumann enters Low Earth Orbit to declare
- September 25, 2019

WeWork will name two current executives, Sebastian Gunningham and Artie Minson, as interim co-chief executives, one of the people said. We Company declined to comment. Now, its IPO is on ice - it was originally supposed to go public this month, but is now said to be aiming for the end of the year . The move concludes talks that began in recent days between Neumann and his company's investors and board members . (more...)
Walmart to stop selling electronic cigarettes at its US stores Walmart to stop selling electronic cigarettes at its US stores
- September 24, 2019

There are signs the number of cases in the U.S. is climbing. The memo which Walmart established mentions that stores will cease selling e-cigarettes after they fall short of the prevalent inventory. Recently, Walmart has announced to withdraw the sale of e-cigarettes. The decision, said America's biggest retailer, came due to the news of the rules governing e-cigarettes. (more...)
United Kingdom travel giant Thomas Cook collapses, cancels all bookings United Kingdom travel giant Thomas Cook collapses, cancels all bookings
- September 24, 2019

Underlining that it had been "profitable for many years", the airline added that "to prevent liquidity bottlenecks at Condor, it has applied for a state-guaranteed bridging loan" which is being examined in Berlin. According to the Guardian , the deal required banks to write off the debt. But the challenges eventually proved insurmountable. In a last attempt to save the company, Thomas Cook held a very important meeting. (more...)
Iran's Rouhani blames foreign forces for causing 'insecurity' in the Gulf Iran's Rouhani blames foreign forces for causing 'insecurity' in the Gulf
- September 24, 2019

General view of the UN General Assembly on December 6, 2018. "Nothing is ever off the table completely, but I have no intention of meeting with Iran , and that doesn't mean it doesn't happen", Trump told reporters on September 22. "I find it, from the information I have seen, I find it entirely implausible and lacking in credibility to suggest that those attacks came from Houthi rebels", Raab told the BBC, but he declined to say to whom Britain attributed the attacks. (more...)
New Mac Pro to be Texas-made after Apple escapes Trump tariffs New Mac Pro to be Texas-made after Apple escapes Trump tariffs
- September 24, 2019

Production on the new Mac Pro is expected to start in the Austin facility "soon". The company says the decision to keep manufacturing in the United States was "made possible following a federal product exclusion Apple is receiving for certain necessary components". (more...)
This Photo Of Mark Zuckerberg Looking Trump In the Eyes Is Everything This Photo Of Mark Zuckerberg Looking Trump In the Eyes Is Everything
- September 21, 2019

To be fair, Trump also included a link in the tweet to the same image on Facebook-still, everyone knows his platform of choice is not Zuckerberg's. A Facebook spokesman declined to comment on Hawley's remarks concerning his meeting with Zuckerberg. Warner said he was not prepared to call for Facebook's dismantlement. (more...)
Iran Says Zarif Leaving For UN In NY On Friday Iran Says Zarif Leaving For UN In NY On Friday
- September 20, 2019

Asked about Zarif's comments, Pompeo sought to defuse the stand-off. Iran's foreign minister threatened " all-out war " if the USA strikes his country in response to an attack on a key Saudi oil facility . US Secretary of State Mike Pompeo Thursday said he preferred a "peaceful resolution" to a crisis sparked by attacks on Saudi oil infrastructure, as Iran warned against "all-out war", Hurra channel reported . (more...)
USA stocks post a split finish as Fed delivers a rate cut USA stocks post a split finish as Fed delivers a rate cut
- September 19, 2019

Global headwinds appear to be growing, with recent economic data stoking concerns for a looming USA recession within the next 18-months. "We are not on a preset course". The dollar gained ground against the euro and yen. The Fed's key rate influences many consumer and business loans. "Today's move was more of a hawkish easing in that the Fed's median forecasts for rates suggested no more cuts this year, while some officials dissented". (more...)
Trump says to increase U.S. sanctions on Iran Trump says to increase U.S. sanctions on Iran
- September 19, 2019

USA officials had quickly pointed to Iran as being behind the strikes - something Tehran has vehemently denied . Saudi Arabia's defence ministry today presented Iranian weapons at a press conference in a bid to prove Iranian involvement. (more...)
Trump says United States response to oil attack depends on Saudi Arabia's assessment
- September 17, 2019

India imported more than $4 billion worth of oil and gas from the U.S. a year ago, but with sanctions on Iran cutting off that pipeline and the disruption in Saudi supplies, the United States could become an even greater supplier than the 4-5 per cent of energy India now sources from it. (more...)
Libra and cryptocurrencies must be regulated, says France Libra and cryptocurrencies must be regulated, says France
- September 14, 2019

Elsewhere in his address, Le Maire urged, once more, for a "public digital currency", without specifying further. These actors are all needed now to process digital payments, but may no longer be necessary if the European Central Bank took over their functions, slashing transaction costs. (more...)
U.S. seeks Progress in Trade Negotiations with China U.S. seeks Progress in Trade Negotiations with China
- September 14, 2019

Mr Trump said on Twitter on Wednesday that the delay is "a gesture of good will". "I'd rather get the whole deal done", he said, but noted analysts have been discussing the possibility of an interim deal "meaning we'll do pieces of it, the easy ones first". (more...)
China to exempt 16 categories of United States products from tariffs China to exempt 16 categories of United States products from tariffs
- September 13, 2019

China has imposed several rounds of tariffs on U.S. imports in the ongoing tit-for-tat dispute between the two countries. USA president Donald Trump has agreed to a two-week delay in a planned increase in tariffs on some Chinese imports. (more...)
Wendy's Reveals Plan To Launch Breakfast Menu Nationwide In 2020 Wendy's Reveals Plan To Launch Breakfast Menu Nationwide In 2020
- September 12, 2019

Wendy's said it will adapt many of its popular items into breakfast fare, so customers will find Frosty cappuccinos, honey butter chicken biscuits and Breakfast Baconators. The morning remains the only growth market for the fast-food industry, according to research group NPD. The Wendy's Company announced plans Monday to launch its breakfast menu across the U.S.in 2020. (more...)
FM Blames FM Blames "Millennial Mindset" For Auto Crisis, Desi Twitter Responds With Sarcasm!
- September 12, 2019

On GDP growth, she said, "It's not that the government is not responding with measures to boost GDP". Facing its worst decline in sales since 1997-98, the automobile sector has been clamouring for measures to rejuvenate demand, including relaxation in GST rates. (more...)
Frankfurt Motor Show: Volkswagen I.D 3 Makes Its Global Debut Frankfurt Motor Show: Volkswagen I.D 3 Makes Its Global Debut
- September 11, 2019

It's by no means a secret. In brief: At the Frankfurt Motor Show , Volkswagen showed off the first ever production version of its ID. -based concept cars: The ID.3 hatchback. Maximum charging rate is 100kW, meaning that 290km range can be added to the battery within 30 minutes. Three drivetrain variants (dependent on the battery size) will be offered at the outset; the basic variant features a 45 kWh battery pack which enables a driving range of up to 330 km (as per WLTP), while two ... (more...)
Saudi Arabia seeks to enrich uranium for nuclear power, minister says Saudi Arabia seeks to enrich uranium for nuclear power, minister says
- September 11, 2019

Russian Energy Minister Alexander Novak plans to meet Saudi Arabia's new energy minister Prince Abdulaziz bin Salman on Tuesday in Jeddah, a spokesman for the energy ministry said on Tuesday. "Worryingly, the government's attention appears to have shifted away from the deep structural reforms to the business environment and the labour market that are needed to overhaul the Saudi economy and reduce its reliance on oil", Turvey concluded. (more...)