Economy

Ghosn changes lawyer team, adds hotshot attorney, in change of strategy

Ghosn changes lawyer team, adds hotshot attorney, in change of strategy

The move escalates the case against the former chairman after Tokyo prosecutors indicted Ghosn for allegedly understating his income at Nissan by tens of millions of dollars. Last week it emerged ...

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Amazon to acquire Wi-Fi router company eero

Amazon to acquire Wi-Fi router company eero

According to a statement released by the retail giant, Amazon and Eero merger deal will "help customers better connect smart home devices". Eero sells a $99 per year Plus subscription that offers ad...

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Bitcoin Basher Jamie Dimon & JP Morgan Just Launched Their Own Cryptocurrency — Newsflash

Bitcoin Basher Jamie Dimon & JP Morgan Just Launched Their Own Cryptocurrency — Newsflash

The only users of the new cryptocurrency "big institutional clients of J.P. Morgan that have undergone regulatory checks, like corporations, banks and broker-dealers". JPMorgan also said it believed i...

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3 on Delta flight sent to hospital after turbulence forces emergency landing

3 on Delta flight sent to hospital after turbulence forces emergency landing

Passenger Joe Justice shot video of the scary turbulence and said the plane nose-dived twice during the episode. "We can confirm that two customers and one flight attendant were transported to t...

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Amazon abandons plans for NY headquarters

Amazon abandons plans for NY headquarters

But they were divided on the incentives: 46 percent in favor, 44 percent against. Governor Andrew Cuomo , Mayor Bill de Blasio , and the Economic Development Corporation negotiated a deal privately ...

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China trade talks move to higher level as deadline looms

China trade talks move to higher level as deadline looms

US and Chinese negotiators began talks Thursday that Trump says will help decide whether he allows another tariff hike on $200 billion of imports from China to go ahead March 2. China's total impo...

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Amazon acquiring mesh WiFi startup eero, doubling down on smart home

Amazon acquiring mesh WiFi startup eero, doubling down on smart home

With the easy-to-use eero app, customers can set up the system in under 10 minutes, share their network, program parental controls, and run speed tests on demand. "Amazon's Echo family depended on a...

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Tesla has rolled out a DOG MODE

Tesla has rolled out a DOG MODE

In fact, the idea was born back in October 2018 when a Twitter user asked the boss if he would introduce the function - which also includes a message on the central screen telling any anxious passers-...

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Airbus scraps production of A380 superjumbo

Airbus scraps production of A380 superjumbo

The aerospace giant said the impact of the decision was "largely embedded" in the firm's 2018 results, which showed a net profit for 2018 of €3bn (£2.6bn) up almost 30% from the previous year. At the ...

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United States trade representative Lighthizer arrives in China ahead of high-level talks

United States trade representative Lighthizer arrives in China ahead of high-level talks

US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides can not reach a deal by a March 1 deadline, increasing pain and costs in sec...

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Global oil supply to swamp demand in 2019 despite output cuts - IEA

Global oil supply to swamp demand in 2019 despite output cuts - IEA

The global oil market will struggle this year to absorb fast-growing crude supply from outside the Organization of the Petroleum Exporting Countries (OPEC), even with the group's production cuts and...

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Airline sues passenger over skipped segment

Airline sues passenger over skipped segment

Germany's Lufthansa Group Airlines is suing a passenger who found a cheap way to travel between several cities in Europe and the US, saying the customer broke its rules when he skipped part of his ...

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Inflation to fall below target?

However, the move was in line with the BoE forecast for this month. Head of inflation at ONS Mike Hardie said: "The fall in inflation is due mainly to cheaper gas, electricity and petrol, partly off...

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Apple Continues to Struggle as Huawei Flexes Might in Chinese Smartphone Market

Apple Continues to Struggle as Huawei Flexes Might in Chinese Smartphone Market

It wasn't just Apple that got whacked, though, as China's entire smartphone market shrunk almost 10% in the quarter, lending credence to Apple officials saying that the drop was related to overall con...

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Tencent investment in Reddit sparks censorship worry in some users

Tencent investment in Reddit sparks censorship worry in some users

BEIJING-A reported investment by Chinese tech giant Tencent in Reddit has sparked a backlash on the popular community news site over censorship fears. Founded in 2005 by University of Virginia s...

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Elon Musk’s Tesla Model Y: An Electric Crossover Or SUV?

Elon Musk’s Tesla Model Y: An Electric Crossover Or SUV?

For Tesla Inc. investors, the past year was all about whether the company could make enough cars at a stable rate. "We forecast Tesla 1Q19 free cash flow to be negative $600 million driven by a se...

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Oil Rises After Saudi Arabia's Output Pledge

Oil Rises After Saudi Arabia's Output Pledge

In its monthly report released yesterday, OPEC said its crude output fell 797,000 barrels per day (bpd) in January compared with the prior month. OPEC, Russia and other non-OPEC producers, an allian...

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Lottery Winner Wore 'Scream' Mask to Claim Prize

Lottery Winner Wore 'Scream' Mask to Claim Prize

Campbell " and claimed the $158,400,000 prize which amounts to nearly $1.2 million in United States dollars . Supreme Ventures tweeted out photos last week showing him - in costume - collecting his...

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Donut Sticks coming to a McDonald's near you

Donut Sticks coming to a McDonald's near you

Sold by the half-dozen or by the dozen, the sticks are created to perfectly pair with McDonald's premium roast McCafé coffee. Participating locations will also be offering a combo deal, where you'll...

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Mark Asset Management Corp Lifted Activision Blizzard INC (ATVI) Position

Mark Asset Management Corp Lifted Activision Blizzard INC (ATVI) Position

Investors are now hoping for "less bad" earnings results, given the weak numbers and disappointing guidance recently released from rivals Electronic Arts (EA) and Take-Two Interactive ( TTWO ). To put...

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Trudeau government faces ethics probe over SNC-Lavalin fraud case

Trudeau government faces ethics probe over SNC-Lavalin fraud case

Wilson-Raybould said she intends to stay on as the MP for Vancouver-Granville and thanked her constituents, staff, and officials for their support, saying she was stepping down "with a heavy heart". P...

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Details emerging about Gerald Cotten, the young founder of QuadrigaCX

Details emerging about Gerald Cotten, the young founder of QuadrigaCX

Cotten who died in a Jaipur hospital in December has plunged Quadriga into crisis and left it struggling to figure out how to refund more than 100,000 of its users as only he had access to $145 mill...

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Regional unemployment rate rose nearly one percent between December and January

Regional unemployment rate rose nearly one percent between December and January

Analysts in a Reuters poll had forecast a gain of 8,000 positions in January and an increase in the jobless rate to 5.7 percent from 5.6 percent in December. That blew past expectations for a modest 5...

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Aston Martin to Debut Lagonda All-Terrain Concept in Geneva

Aston Martin to Debut Lagonda All-Terrain Concept in Geneva

Aston Martin said past year it will pitch Lagonda as a more modern equivalent of Rolls-Royce to attract a new type of customer from markets such as China. News about the new electric luxury SUV was a...

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Western Alberta unemployment rate drops to 4.8 per cent

Western Alberta unemployment rate drops to 4.8 per cent

The unemployment rate in Northeast B.C. edged up to 5.5% in the first month of 2019. Here in Saskatchewan, employment dropped by 2,800 positions, but the unemployment rate fell slightly to 5.5 per c...

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IHOP celebrates National Pizza Day with the 'Pancizza'

IHOP celebrates National Pizza Day with the 'Pancizza'

Chuck E. Cheese: A medium one-topping pizza and two drinks for $16.99; Two large one-topping pizzas plus four drinks for $32.99; and upgrade a large pizza to an XL for free at most locations by usi...

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Germany says 'nein' to Facebook's heavy-handed data collection in landmark ruling

Germany says 'nein' to Facebook's heavy-handed data collection in landmark ruling

These have gone down badly with Germans, reflecting broader concerns over personal surveillance that dates back to Germany's history of Nazi and Communist rule in the 20th century. "It's limited to Ge...

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RBI Slashes Repo Rate by 25 Basis Points, Changes Stance to 'Neutral'

RBI Slashes Repo Rate by 25 Basis Points, Changes Stance to 'Neutral'

In its quarterly health check, the Bank has cut its growth forecast for the economy in 2019 from 1.7% to 1.2%, placing the blame on a slowing global economy, as well as Brexit uncertainty. Although it...

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Amazon is reportedly reconsidering NY for HQ2

Amazon is reportedly reconsidering NY for HQ2

A recent Amazon-commissioned poll shows that about 69% of registered voters in NY approve of the deal, but The Washington Post's report reveals that the vocal opposition may be enough to convince A...

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U.S. in Touch With Venezuelan Military, Mulls New Sanctions on Maduro

U.S. in Touch With Venezuelan Military, Mulls New Sanctions on Maduro

Opposition leader Juan Guaido vowed to use the bridge to deliver the aid being pledged by Trump and Canada. At the same time, the Trump administration is readying further possible sanctions on Venez...

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