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U.S. dollar sags on lower yields, Fed minutes in focus

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Analysts say the five ports have handled up to 14 million tonnes past year alone, half of which was from Australia. "We do not believe that this is isolated to Australia but may well be and is likely applicable to other coal exporters into China as well". Read More »

Oil hits new 2019 high on US-China trade talk hopes

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USA crude oil exports hit an all-time high as output from the nation's shale fields continues to surge. Brent crude futures were at $67.14 per barrel, 6 cents above their last close and not far off their 2019 peak, hit the day before, of $67.38 per barrel, Reuters reported . Read More »

Move Over 5G, Donald Trump Already Has His Sights On 6G Internet

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I want the United States to win through competition, not by blocking out now more advanced technologies. "I want 5G, and even 6G, technology in the United States as soon as possible", he tweeted . China has a narrow lead over the US and South Korea, according to research commissioned by CTIA, a Washington-based trade group for mobile carriers. "We have a one time shot at making a great deal for both countries...if we're doing well, if we're doing very well on the negotiation, I could see ... Read More »

Model 3 loses Consumer Reports recommendation; Tesla drops

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Last May, within a week, CR went from saying itcouldn't recommend the vehicle to giving it a full recommendation after Tesla improved the car's brakes. This vehicle lost its "recommended" status despite Consumer Reports giving the auto an exceptional review score: 103 points on a scale only created to go up to 100. Read More »

Dublin Airport explain what happened during drone incident on Thursday morning

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Shortly after midday local time the airport tweeted that flights have resumed. Sussex Police has been helped by officers from Scotland Yard and three other nearby forces to help find the person responsible. The incident affected around 82,000 of its customers and led to more than 400 flights being cancelled. Passengers eventually got on the move again on December 21, but three days later there was more disruption when another drone sighting saw flights grounded at Heathrow, an incident ... Read More »

Family Syndicate Revealed As Winners Of EuroMillions Jackpot

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Armagh, won the jackpot in a lucky dip - making them the fourth biggest winners in United Kingdom lotto history. A spokeswoman said: "We can confirm we have heard from the holder of the winning ticket but are not in a position to give any more details at the moment". Read More »

Honda confirms plan to close United Kingdom factory with loss of 3,500 jobs

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He added: "Uncertainty over the future trading relationship makes it very hard to make decisions about 2021 or 2022 when we don't even know if the United Kingdom will be in the customs union or the single market". The UK has always been a Japanese hub for European auto production, with Honda , Nissan Motor Co and Toyota Motor Corp owning three of the country's six largest automaking factories. Read More »

Anil Ambani guilty of contempt, told to pay fine

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Supreme Court also imposed a penalty of Rs 1 crore on Anil Ambani . In case of failure to deposit the fine of Rs. 1 crore, each of the three Directors of the companies will have to undergo one month imprisonment. "It is clear that the three Reliance companies had no intention, at the very least, of adhering to the time limit of 120 days or to the extended time limit of 60 days plus, as was given by way of indulgence, by the order dated October 23, 2018", the court said . Read More »

Unruly passenger removed from flight after yelling about child, spitting

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Despite crew members and medical professionals helping the woman give birth, the flight landed 11 minutes early , taking only two hours and 40 minutes. Gonzalez soon realized she was being recorded. You can hear someone off camera say, "Bye". "I didn't do anything wrong", Gonzalez is heard saying to somebody over the phone, before yelling, "Oh, you wanna f***ing tape me, make me viral b****es?" before leaning toward the seat in front of her and seemingly spitting on a seated passenger. Read More »

Venezuelan oil finds home in India as US shuns shipments

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Brent futures were last down 6 cents at $66.19 a barrel by 1239 GMT, having touched a 2019 high of $66.83, while US futures were up 37 cents at $55.96 a barrel. Venezuela is a major crude supplier to US refineries while Iran is a key exporter to major demand centres in Asia, especially China and India. A rise of 0.6 percent from their last close. Read More »

Payless to close all US stores

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Liquidation sales are underway at Payless Shoe Source. The Payless locations in Shopko Hometown stores also will close, including a location in Valley City, N.D. It reorganized and cut millions of dollars in debt, but that doesn't appear to have been enough to save the company. According to Payless' website the company employs more than 18,000 people worldwide. Read More »

Honda to close Swindon plant in 2022 putting at risk 3,500 jobs

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Speaking in September, Ian Howells, the senior vice-president of Honda Europe, said the company remained "right behind" its production facility in Swindon and was not considering moving the plant out of the United Kingdom after Brexit . The Swindon plant produces more than 100,000 Civic models for customers all over the world, and is the firm's only factory in the EU. The decision is still a blow to the United Kingdom industry that's battling a Brexit-related slowdown, potential tariffs ... Read More »

Payless ShoeSource to close all 2,100 stores

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The report mentioned that there is still a small chance the company could be bought after the bankruptcy filing. Payless, based in Topeka, Kansas, filed for bankruptcy protection in April 2017 and closed almost 400 stores. It emerged with fewer stores, its debt cut in half and creditors owning the company. The company said in an email that the liquidation doesn't affect its franchise operations or its Latin American stores, which remain open for business as usual. Read More »

Payless Shoes Closing All 2,100 U.S. Stores by May

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There are 11 Payless stores in ME, including shops in Biddeford, South Portland, Westbrook and Windham. The move would make Payless one of the most high-profile victims of the string of bankruptcies that have hit the brick-and-mortar retail sector as more shopping is done online. Read More »

Crude Oil Rates Hit 2019 Highs Amid Supply Cuts

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Brent is near a three-month high and set for a more than 1 percent gain on the week. Looming over oil markets in the near term, meanwhile, is the rise in US crude oil production of more than 2 million bpd in 2018, to a record 11.9 million bpd - with signs that USA output will rise further. Read More »

United States and China seek deal to prevent trade-war escalation

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U.S. 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. Mr. Trump has said he did not expect to meet with Mr. Xi prior to March 1, but White House Press Secretary Sarah Sanders has raised the possibility of a meeting between the leaders at the president's personal retreat at Mar-a-Lago in Florida. Read More »

JPMorgan Chase unveils cryptocurrency prototype

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The trial launch of the new bank-issued coin is about to take place in several months. While the pilot will be on a fairly small scale, it marks the first time a major U.S. This week, Maria Bartiromo recaps her interview with JP Morgan Chase Chairman and CEO Jamie Dimon, discussing market volatility, impact of tax cuts, U.S-China trade fight, and a possible slowdown in the US economy. Read More »

Amazon.com announces no-go on NY headquarters

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It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. Amazon announced in November that it had chosen the Long Island City neighbourhood in Queens for one of two new headquarters, with the other in northern Virginia. Read More »

Tesla pushes Sentry Mode, Dog Mode updates to its EVs

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Tesla updates are carried out remotely, as they are done via the cars' software. In this mode, it displays a message on the large internal touchscreen to let the person know that the external cameras are recording. When enabled, the "sentry mode" monitors the environment around an unattended auto and uses the vehicle's external cameras to detect potential threats, according to Tesla's blog. Read More »

Airbus confirms it will stop building the A380

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The A380 had troubles from the start, including tensions between Airbus' French and German management and protracted production delays and cost overruns. Around 3,000 to 3,500 jobs are now at risk. The airline wants to switch to smaller jets such as A330neo and A350, ordering 40 and 30 of each aircraft model, respectively. Read More »

USA and China open trade talks in Beijing

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Trump has threatened to more than double the rate of tariffs on US$200 billion in Chinese imports. Trump indicated this week he was open to extending a trade truce beyond March 1 depending on progress in Beijing . A United States official said the warships had approached the islands on Monday to counter Chinese claims of domination over the entire South China Sea . Read More »

Lufthansa sues passenger who missed his flight

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Lufthansa , the German national airline, announced it is suing a passenger for allegedly missing a leg of his journey on objective. Lufthansa is suing a man who intentionally failed to board a connecting flight from Frankfurt to Oslo, but the lawsuit has nothing to do with the passenger's tardiness. Read More »

Retail inflation eases to 2.05% in January

Mike Hardie, head of inflation at the ONS, said: 'The fall in inflation is due mainly to cheaper gas, electricity and petrol, partly offset by rising ferry ticket prices and air fares falling more slowly than this time a year ago. Inflation was dragged down by lower energy and fuel prices. It still maintained the line that interest rates will need to rise "at a gradual pace and to a limited extent" over the coming years in order to ward off mounting price pressures, but the lower GDP and ... Read More »

Oil remains bid in Asia on Venezuela sanctions and OPEC output cut

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Venezuela's production has nearly halved in two years to 1.17 million bpd, as an economic crisis decimated its energy industry and USA sanctions have now crippled its exports. In a sign of excess supply, OPEC's report said oil inventories in developed economies were above the five-year average in December. Distillate inventories decreased by 2.481 million barrels versus an expected draw of 1.090 million barrels. Read More »

Tesla’s delivery team gutted in recent job cuts

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The company said that they will focus on the demand for the cars this year. While Tesla Inc. had announced the second leg of job slash last month in order to safeguard a profit, one critical department linked to the delivery service had been badly hurt, as the electric vehicle maker nearly halved the division, which delivers its vehicles to the North American Customers, at least two workers familiar with the subject matter said on Saturday, the 9th of February. Read More »

Lottery Winner Accepts $1 Million Check Wearing 'Scream' Mask

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Known only as N. Gray, the woman wore the cheeky disguise as she collected the prize won in the Supreme Ventures Super Lotto draw. "I don't beg, I don't borrow", he added. I like to handle money. Now that the in has sunk in, Mr Campbell told the publication he has big plans for the cash. I have a little business, so I plan to make it bigger, buy an apartment. Read More »

China's President Xi to meet top U.S. trade negotiators on Friday - SCMP

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Investors will be looking to see if both sides can hammer out a deal before a March 1st deadline to avert higher US tariffs on Chinese goods. 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..." "I think they're making progress and my hope is that by March 1 there will be enough progress to be made that at a minimum, there could be a delay in the imposition of additional tariffs", Portman told ... Read More »

McDonald’s Debuts Donut Sticks to Have You Lovin’ Breakfast

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At the time, McDonald's would neither confirm nor deny the reports, but told Fox News to expect "more delicious and craveable news" in the near future. The item was tested in 2018 in some IL restaurants before its national launch at participating restaurants. McDonald's has led the breakfast market since 1971 but in recent years has lost ground to Taco Bell and Dunkin' Donuts, CNN Business reported. Read More »

Activision Blizzard expected to lay off hundreds of staff next week

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Following these latest developments, around 40.70% of Coty Inc. stocks are owned by institutional investors and hedge funds. Cleararc holds 19,697 shs or 0.21% of its capital. Several research firms have recently issued reports on ATVI . (NASDAQ: ATVI ) has "Overweight" rating given by KeyBanc Capital Markets. On Friday, August 31 Bank of America downgraded Activision Blizzard, Inc . Read More »

Jody Wilson-Raybould resigns from federal cabinet

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Jody Wilson-Raybould, Canada's Minister of Veterans Affairs and Associate Minister of National Defence, has announced she is resigning from her position in Prime Minister Justin Trudeau's cabinet. Trudeau moved Wilson-Raybould to the veterans affairs portfolio in January. SNC-Lavalin was charged with paying out $48 million in bribes to Libyan officials in the decade leading up to the NATO-led overthrow of Muammar Gaddafi's government in 2011, payments meant to influence government ... Read More »

Amazon is pumping money into self-driving startup Aurora

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The round reportedly gives Aurora a valuation north of $2.5 billion, making it one of the most valuable independent players in the autonomous driving market. "This funding and partnership will accelerate our mission of delivering the benefits of self-driving technology safely, quickly, and broadly", Aurora said. Read More »