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Brexit vote: Theresa May loses vote, United Kingdom plunges into ‘uncharted territory’

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She promised to hold discussions with MPs from across parliament to identify ideas "that are genuinely negotiable and have sufficient support in this House". "There needs to be a general election which is the only way we can have a new team that has the confidence of the country and parliament to negotiate a different deal, a deal that works for the whole country, that meets the needs of people who voted leave and remain". Read More »

Cadillac reveals its first electric vehicle

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The Detroit Auto Show opened with the lowering of a 2020 Shelby GT500 from the ceiling of the Cobo Center. As with Tesla, the high-end vehicle is created to allow GM to spread the costs of converting to electric drivetrains over more expensive models that can absorb the cost, after federal tax credits for the auto giant's plug-in cars run out. Read More »

Theresa May's Brexit deal suffers the largest Commons defeat in 95 years

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What is more, numerous expiry dates fall well beyond the end-March deadline and a majority of these would profit if sterling were to trade above $1.35 - about 5 percent higher than current spot levels. So far, May has refused publicly to speculate on a possible "Plan B". Criticism of the deal is focused on an arrangement to keep open the border with Ireland by aligning Britain with some European Union trade rules, if and until London and Brussels sign a new economic partnership which could ... Read More »

Hyundai big winner at Detroit auto show

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Organizers accept no advertising, though automakers try to capitalize on the marketing value of the awards. The 2019 North American International Auto Show is underway in Detroit , and Hyundai is this year's big victor. Hyundai will have a lot to brag about in those commercials thanks to the awards given to Genesis, its new luxury brand created in 2015 to compete against lines like Toyota's Lexus and Volkswagen's Audi. Read More »

McDonald's loses 'Big Mac' trademark case to Irish chain Supermac's

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Supermac's managing director Pat McDonagh said: "We wholeheartedly welcome this judgement as a vindication of small businesses everywhere that stand up to powerful global entities". In 2015, lawyers for McDonald's first brought Supermac's to court when McDonagh attempted to register his own name in the trade bloc. McDonald's had reportedly trademarked the SnackBox, one of Supermac's products, despite the American chain not offering the item itself. Read More »

Chinese death penalty concerns Australia

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Hua told reporters at a daily briefing Tuesday that China expresses "our strong dissatisfaction with this". The countries have been at odds since early December, when Canadian police arrested Huawei chief financial officer Meng Wanzhou in Vancouver on a United States extradition request as part of an investigation into suspected violations of U.S. Read More »

Huawei looks up to Apple in terms of privacy: Founder Ren Zhengfei

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Ren is the father of Huawei's chief financial officer, Meng Wanzhou , who was arrested on December 1 in Canada on U.S. charges related to possible violations of trade sanctions on Iran. Then authorities revisited the little-known case of Canadian Robert Lloyd Schellenberg, who was sentenced to 15 years in prison in November for drug offences. Read More »

Volkswagen, Ford alliance will see Amarok based on Ranger

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The large van will be based off Ford's Transit Custom , which is not sold in North America, and will be built for the European market. The deal does not involve cross-ownership, the companies said in a statement . "Cutting costs by sharing vehicle architectures and manufacturing facilities is just table stakes in this new world and is a nice place to start", Caldwell said. Read More »

United States shutdown: Trump rejects potential way out of crisis

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And there is every indication it will drag on. To try to take some of the sting out of the shutdown, Trump planned to sign on Wednesday the "Government Employee Fair Treatment Act of 2019", which is legislation that would ensure that those federal workers furloughed will receive back pay once the shutdown is over. Read More »

The Hill: Ocasio-Cortez to Join House Financial Services Committee

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Ocasio-Cortez seems to watching the news since she just responded with a tweet boasting that she is getting "under his skin". I understand guys like this like the back of my hand. Ocasio-Cortez replied, "Because I think he's a symptom of a problem ..." The White House fired back with a statement that the president has 'repeatedly condemned racism and bigotry in all forms'. Read More »

Canadian Air Traffic Controllers Are Sending Pizza to U.S. Colleagues

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The idea swept across Canada, wrote the Global News, with air traffic controllers from Vancouver to Toronto and beyond ordering savory pies for their colleagues in Seattle, Minneapolis and NY. In fact, on Friday, NATCA announced it is suing the federal government for its members working without pay thanks to Trump's shutdown over funding for his border wall. Read More »

Theresa May Brexit Deal Defeated in Historic Drubbing

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Labour leader Jeremy Corbyn moved a motion of no-confidence soon after the result of the vote was known. Or will the European Research Group - a collection of ardent pro-Brexit MPs passionately opposed to May's deal - be able to gather up enough support to topple the plan? Mrs May's has been left clinging on to power by her fingernails after 118 Tory rebels joined forces with Labour to trounce her Brexit plan by 432 votes to 202. Read More »

China Oil Imports Up 30% In December, Gas Imports Hit Record

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Total imports of soybeans fell 7.9 percent last year to 88 million tonnes, customs data showed, with December imports down 40.1 percent from a year earlier. With US tariffs in place, the gloomy export picture has reinforced the need for Beijing to rely on its legion of consumers to grow its economy. "Private enterprises contributed more than half to China's foreign trade growth in 2018, a bright spot of China's foreign trade development", said the spokesman. Read More »

Passenger carries firearm through TSA screening onto Delta flight

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An Atlanta airport spokesperson told ABC News several security lanes were closed this morning, leading to longer than usual lines. However, the TSA dismissed suggestions the government shutdown contributed to the security lapse and said a normal amount of staffers were working that day. Read More »

Trump tells farmers that wall won't hurt them

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CNN noted that on Twitter, the president posted, "Getting ready to address the Farm Convention today in Nashville , Tennessee". Yamiche Alcindor reports on the shutdown's latest impacts. Musel said of the president. Lemuel and Shelby Ricks grow cotton, soybeans, wheat and peanuts on their farm in Conway, North Carolina. The USDA did, however, extend a deadline for farmers to apply for payments to offset losses they incurred due to the trade dispute. Read More »

Cadillac shocks Detroit Auto Show with electric SUV preview

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But, other body styles will follow this crossover, and in short succession too - aforementioned flexibility means each future EV will have a short design and development time. Cadillac's electric crossover is expected to be a mid-size model created to take on the Tesla Model X and offer buyers the choice of two or three rows of seats. Read More »

Slump in Chinese exports fuels fears for global demand

In 2017, mutual trade amounted to $84.07 billion demonstrating a growth of 20.8 percent. China's global exports rose 7.1 percent to $2.5 trillion, down from the 7.9 percent rate reported earlier for 2017. China will work to straighten out trade frictions with the U.S. this year, the country's commerce minister told state media on Friday. The bigger trade gap may add pressure on the Trump administration to raise the tariffs on China further. Read More »

California’s Largest Utility Plans Bankruptcy As CEO Makes For The Exit

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It would allow the company to continue operating during Chapter 11 bankruptcy proceedings. The company has seen two-thirds of its market value wiped out since November's Camp Fire - the deadliest wildfire in California's history. In a PG&E report last month, the company outlined how employees discovered damaged power towers minutes before the Camp Fire broke out. "Everyone's immediate focus is, rightfully, on ensuring Californians have continuous, reliable and safe electric and gas ... Read More »

Ford to slash jobs in Europe, may close plants

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Ford, which employs about 53,000 people in Europe across 15 plants, is said to be reviewing each of its European business in a bid to become more efficient in one of the world's most competitive markets. Ford of Europe , based in Cologne, Germany, has 53,000 people working for it directly and 68,000 when joint ventures such as those in Russian Federation and Turkey are included. Read More »

PC sales stumble in Q4 amid CPU shortages, China trade war

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However, Lenovo seems to be an exception as the overall market has been stagnant. Japan had an especially strong quarter driven by commercial refresh, which lifted virtually all aspects of the market. Gartner, in its quarterly report for the fourth quarter of 2018, reflects similar market developments. "Political and economic uncertainties in some countries dampened PC demand", said Mikako Kitagawa, Senior Principal Analyst at Gartner. Read More »

Ex-Nissan chair Ghosn indicted for alleged breach of trust

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Carlos Ghosn was hit with a third set of charges on Friday. The disgraced automotive titan is also suspected of sending Nissan funds to acquaintances in Lebanon and Oman. Kelly and Nissan were not charged with breach of trust. While he has said that he has been "unfairly detained", the Tokyo District Court earlier this week rejected an appeal by his lawyers to end his detention. Read More »

FDA Halts Routine Food Inspections Due to Government Shutdown

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Inspections of foreign foods will continue. The outbreak appears to be over , and the FDA's investigation into it is ongoing. "Our ability to monitor/respond to emerging food safety issues is maintained through efforts of a dedicated workforce that's fully committed to this mission". Read More »

Saudi to Slash Oil Exports after Price Slide

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The kingdom on Wednesday took a first step in that direction by releasing the first audit of Aramco's oil and gas reserves since 1980. The Ministry of Energy, Industry and Mineral Resources of Saudi Arabia announced an upward revision to the Kingdom's proven oil and gas reserves, following an independent certification of oil and gas reserves in Saudi Aramco's concession area. Read More »

China Trade Talks Wrap Up After Extending To Third Day

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Among many things, the Communist leader pledged to buy more US agricultural and industrial products, allow increased access to Chinese markets, and abide by more cybersecurity and property theft rules. "Amid high hopes that world's two large economies will reach an agreement in the trade talks, stocks in Europe saw large gains on Wednesday". Trump, a Republican, has accused China of cheating the United States on trade and stealing U.S. Read More »

China offers Elon Musk permanent residency

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Tesla will be dropping the entry-level versions of the Model S and Model X from January 14, the company's CEO has confirmed via Twitter - as usual. Members of this club, according to the paper, include Dutch scientist Bernard Feringa, who won the 2016 Nobel Prize in chemistry, former National Basketball Association all-star Stephon Marbury , and Nobel-winning economist Robert Mundell. Read More »

Air traffic controllers sue Trump administration over government shutdown

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Meanwhile, the national union representing 10000 air traffic controllers - who are also working without pay during the shutdown, now in its 21st day - sued the government Friday, claiming they are illegally being denied pay. The terminal will be open for morning flights each day and arrivals will continue to land in the terminal in the afternoon. "Our wait times have been normal and operations have been smooth so far, but the partial closure is being done in an abundance of caution", ... Read More »

General Motors rejects Unifor proposals to keep the Oshawa plant open

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Auto workers, who were shocked by the news, protested GM's plan by staging sit-ins this week , and industry analysts have warned that other factories could follow. The union was not able to quantify the impact on production, noting the line typically assembles 300 Chevrolet Impala and Cadillac XTS cars per shift. Read More »

Apple to launch 3 iPhones in wake of disappointing XR

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The report doesn't specify if both the regular and larger iPhone 11 (that's a non-final name) will have triple cameras or if that setup will be reserved for the iPhone 11 Max . Mr Cook also acknowledged that consumers in other markets are not buying as numerous latest iPhones. By then, the OLED supply-chain would have likely matured enough that Apple's requirements will be fulfilled. Read More »

Powell: Fed can be patient as USA economy evolves in 2019

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Louis Fed President James Bullard was blunt, saying that the central bank had reached the "end of the road" in its current rate increase cycle. After four rate hikes past year, the Fed would be "bordering on going too far and possibly tipping the economy into recession" if rates go higher, Bullard said, adding that he would be willing to cut interest rates if needed. Read More »

US, China wrap up talks on tariff battle

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Both sides have agreed to continuously keep in close contact. China and the USA will move ahead with trade talks as scheduled, Ministry of Commerce Spokesman Gao Feng told reporters in Beijing at a regular weekly briefing Thursday, without giving any further details over when they would take place. Read More »

Rare coin given to schoolboy as change now worth $2.3m

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He kept it in his collection since then, but passed away in September. Only 20 were ever made and for years the US government denied its existence, but one coin was found by Don Lutes Jr.in his school cafeteria in March 1947. Lutes knew his coin was rare and held on to it. Don Lutes Jr. kept the 1943 copper penny he stumbled upon in his high school cafeteria seven decades ago in a safe behind a wall in his MA home. Read More »