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Jaguar Land Rover Says 40,000 Jobs At Risk From Bad Brexit Deal


This would be in jeopardy should the company be faced with the wrong outcome. Jaguar Land Rover, which was bought by Tata a decade ago and employs more than 40,000 people in Britain, told the government on Wednesday that it wanted more clarity over the country's future relationship with the European Union before... Read More »

Fed minutes suggest end of rate increases could come next year


Last month, the Fed raised its key interest rate by 25 basis points to between 1.75% and 2%, and expects to increase borrowing costs two more times this year. As from midnight on Friday, the first wave of USA tariffs will apply to 818 Chinese goods ranging from boat motors to LEDs and radio equipment. The U.S. Read More »

Asian stocks lower on impending trade war


This drove European vehicle stocks sharply higher and dragged up wider markets. After falling as much as almost 1 percent, China's Shanghai Composite Index rose 0.6 percent to 2,750.72. However, Hikaru Sato, senior technical analyst at Daiwa Securities, said the market "has already factored in" this stage of the US-China trade battle and is looking towards the next spat. Read More »

US economy adds more jobs than expected in June

On the same day that the Trump administration began imposing tariffs on $34 billion in Chinese imports and China retaliated with their own tariffs, the job gain showed that the 9-year old US economic expansion - the second-longest on record - remains on solid ground for the moment. Read More »

US employers added 177,000 jobs in June - 7/5/2018 7:32:56 AM


Employers in the United States appear to have kept up their brisk pace of hiring in June, reflecting the durability of the second-longest US economic expansion on record, even in the face of a trade war with China. ADP's report for June included two economist observations, as it does each month. "The labour market continues to march towards full employment", said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. Read More »

National Fried Chicken Day 2018: Best Deals & Sales


There's quite a few National Fried Chicken Day 2018 deals available today as chains across the US celebrate the makeshift holiday. Before there was the Colonel, or chicken and waffles, there was a Mrs. Plus, that day guests will have the opportunity to experience special restaurant photo ops and an exclusive Snapchat filter that will make those fried chicken photos extra fun. Read More »

RCMP begin to cut down anti-tanker protesters suspended from bridge


Tuesday, the Greenpeace volunteer overseeing safety of the climbers said in a phone interview, and suspended into their positions hanging from the bridge by 6 a.m. "Part of civil disobedience is the open and forthright breaking of certain laws in order to uphold higher morals and higher laws", Greenpeace spokesperson Alex Speers-Roesch said, watching from a distance as the RCMP moved in. Read More »

ZTE names new CEO, top executives to comply with US mandate


Appointing a new management is apparently part of a settlement between ZTE and the USA authorities; the company committed to shaking up its management. ZTE was also required to pay a $1 billion penalty to resume business in the US. ZTE has already paid a $1 billion fine, and has agreed to place $400 million in escrow to cover any future misdeeds by the Chinese manufacturer. Read More »

News Starbucks Barista Reportedly Fired After Mocking Customer With Stutter


Starbucks says it has since fired the employee involved, who worked at a Philadelphia, Pennsylvania, location of the chain . "There is no tolerance for this type of behavior". Clearly, Starbucks missed the point. Lekwijit also declined NBC News' requests for interview. 'There are many people with speech disorders who are in a worse position than my friend's and struggle with self-esteem and self-confidence. Read More »

Qantas announces trial of end-to-end facial recognition air travel system


Qantas and Sydney Airport have started to trial facial recognition technology which lets passengers use their face to complete most parts of their trip instead. Lounge staff will also have access to the trial, enabling them to "create a more personalized experience when passengers arrive", Hudson said. This airport in Sydney, Austrailia will be the first one to use its application for travelling, where "your face will be your passport". Read More »

Mark Zuckerberg is now richer than Warren Buffett


Zuckerberg is now worth $81.6 billion, almost $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show. Zuckerberg, who trails only founder Jeff Bezos and Microsoft co-founder Bill Gates , eclipsed Buffett on Friday as Facebook shares climbed 2.4 per cent, according to the Bloomberg Billionaires Index . Read More »

High-end speaker company Sonos is going public


Sonos Inc. filed for a US initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon , Google and Apple . In 2016, the company reported a net loss of $38.2 million from $901.3 million in revenue. The company set a placeholder value of $100 million, although that number could change before the IPO. Read More »

Gas prices are up and OPEC ‘doing little to help’


However, the global oil body's spare supplies are limited and "will not be enough if supply is additionally reduced by outages elsewhere", the bank said . Saudi Arabia's King Salman bin Abdulaziz Al Saud (L) receives US President Donald Trump for the Arab Islamic American Summit in Riyadh, Saudi Arabia May 21, 2017. Read More »

Micron says not been served with preliminary injunction


China placed a temporary ban on chip sales from Micron's Chinese subsidiaries, blocking the $59 billion company from the largest semiconductor market in the world, after a Chinese court ruled in favor of United Microelectronics' and Fujian Jinhua Integrated Circuit's January complaint that Micron infringed on patents in China protecting memory storage and other products. Read More »

Sino-US Trade War Begins

The Trump administration is poised to impose taxes on $50 billion of Chinese imports in high-tech industries, such as robotics, aerospace, and industrial machinery, in an attempt to punish Beijing for intellectual property theft and to rebalance a trade deficit. Read More »

Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate

Not all of those who re-entered the market were able to find jobs, which contributed to the uptick in the unemployment rate. The decline in the unemployment rate was driven by an increase in employment; the region added slightly over 10,000 jobs between May and June, according to the federal statistics agency. Read More »

Trump Tariffs Against China Take Effect


It said the United States had violated World Trade Organization rules by imposing the tariffs, and indicated China would raise the issue with the regulatory body in time. Trump's tariffs around going after industrial goods and technology, a move created to take aim at Chinese President Xi Jinping's heralded Made in China 2025 plan. Read More »

Elon Musk Sends Team to Thailand to Help in Cave Rescue


Yesterday the target was an area known as chamber three - still at least two kilometres from the ledge where the boys are sheltering. But he stressed engineers from his Boring Co and SpaceX companies needed to be on site to actually see if they could do anything to help. Read More »

US job growth strong; unemployment rate rises to 4 per cent

Average hourly earnings are expected to have increased by 0.3% month-on-month and 2.8% compared to June 2017. Data for April and May was revised to show 37,000 more jobs created than previously reported . "What's surprising is not that employers may have to start increasing wages now as the labor market keeps tightening, but rather that they haven't felt that pressure yet", Elise Gould, senior economist at the Economic Policy Institute, said in a blog post . Read More »

The Collapsing Kentucky Bourbon Warehouse Is No More


Half of a seven-storey rackhouse at the Barton 1792 Distillery in Bardstown, Kentucky, collapsed on Wednesday, after the first half toppled on June 22, the Kentucky Standard reported. Bourbon ages for years in charred new oak barrels, where it acquires its color and flavor. It may be weeks before inspectors determine the cause of the collapse. Read More »

Singapore proposes fines on Grab, Uber, says merger harms competition


The Competition and Consumer Commission of Singapore now wants to levy fines and reconsider the merger because of the anticompetitive issues, CNBC says . All areas of CCCS's IMDs were complied with including maintaining base fare levels, surge factor and driver commission rates, according to the spokesperson. Read More »

Shouting CEO, changing rules: inside Tesla's Model 3-building sprint


In a note to investors on Monday, Analyst Trip Chowdhry of Global Equities said that in the preceding week, Tesla produced 5,000 of its Model 3 cars, along with a combined total of 2,000 Model S and Model X vehicles. Musk also announced a 9% across-the-board cut in jobs last month that may further thin its engineering ranks. "I don't believe their goal was to simply hit 5,000 a week and somehow revert to a lower production rate in the future", Albertine said. Read More »

Boeing's Embraer takeover reshapes global jet duopoly


Boeing was little changed at US$332.90 in early trading in NY. A year ago marked a significant escalation in the rivalry, when the Commerce Department sought to levy a almost 300 percent punitive tariff on Bombardier's C Series jets because of what it said were illegal Canadian subsidies. Read More »

Baidu’s self-driving buses roll off production lines as AI transformation continues


Video footage released by Baidu - often referred to as China's Google - shows the company's massive manufacturing facility in Xiamen, in southeastern China's Fujian province. The buses will feature Apollo 3 .0, the latest version of Baidu's open autonomous driving platform that was debuted past year. Early next year, Apolong buses are set to enter Japan's self-driving market as shuttle buses at nuclear power stations or in Tokyo to ferry around elderly people in local communities. Read More »

Dollar takes a breather as trade concerns linger


The Turkish lira, seen as an emerging markets weak link, fell more than 1 percent after data showed June inflation accelerating to 14-year highs, hit by oil prices and the pass-through from currency weakness TRY= . Analysts dismissed some claims that authorities are allowing the Chinese currency to weaken in order to offset the impact of any tariffs. China's yuan rose sharply against the dollar on Wednesday, a day after the central bank assured markets it would keep the currency stable amid ... Read More »

Joey Chestnut Sets New Record in Nathan's Hot Dog Eating Contest


Tens of thousands of spectators gather to watch the food battle. All other competitors simply couldn't keep up, and Chestnut opened up a double-digit lead about halfway through the 10-minute race. The prize money, as in years past, is $10,000 for the first place victor. Last year, he almost equaled that mark with 72 dogs . The contest came to life with a Polish immigrant named Nathan Handwerker who migrated to the 1912. Read More »

Iran tells Donald Trump: Stop tweeting, it’s driving up oil prices


Mr. Trump tweeted Wednesday: "The OPEC Monopoly must remember that gas prices are up & they are doing little to help". If anything, they are driving prices higher as the United States defends many of their members for very little $'s. USA crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels, according to the American Petroleum Institute (API) on Tuesday. Read More »

Saudi Arabia to pump more oil following USA request


President Donald Trump has repeatedly expressed concern about oil prices in recent weeks and announced Saturday that King Salman of Saudi Arabia "has agreed" to raise daily oil production by 2 million barrels to ease the price pinch. Read More »

Citing security concerns, Trump bans China Mobile in US


The license allows authorization under Section 214 of the Communications Act of 1934 for a company to provide telecommunications services, which breaks down into a range of different service areas. China Mobile Communications Corp, a state-controlled firm, owned nearly 73 percent of China Mobile as of December, according to Thomson Reuters data. Read More »