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Tesla reduces Model S and Model X production; shares drop

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Tesla received nearly 14,000 Model 3 orders in Europe as of early January. Tesla recently received the thumbs up from RDW , the Dutch regulator put in charge of approving the Model 3 for European roads, which means Tesla can begin selling the vehicle in Europe. Read More »

Boeing's 'flying car' prototype succesfully completes first test flight

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On paper, Boeing has created a fully-autonomous passenger aircraft that's capable of true vertical take off and landing (VTOL). During the flight test , the PAV prototype performance a controlled takeoff, hover, and landing. The successful test flight, achieved after one year from conceptual design to flying prototype, demonstrates Boeing's commitment to being a significant presence in the air taxi market. Read More »

Email: TSA makes plea for backup as shutdown drags on

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Average wait times Sunday at JFK were 22 minutes while the average was 29 minutes at LaGuardia and 18 minutes at Newark . On Saturday, it had grown to 41 minutes, the longest average wait in the nation. California Senator Kamala Harris, who on Monday announced her intention to pursue the Democratic presidential nomination in 2020, said on ABC News that "Those 800,000 people who've dedicated themselves to public service, those federal employees, they're going to want to know we're not playing ... Read More »

Drone sighting causes delays to six flights at Auckland Airport this evening

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U.S. law bars drone pilots, unless they have special permits, from flying these aircraft above 400 feet (122 meters) and within 5 miles (8 km) of an airport. The drone was reportedly flying at 1,200 metres and has since cleared the airspace over the airport, Martin said. United Airlines spokesman Robert Einhorn said the impact on its operations 'has been minimal so far'. Read More »

China warns US, Canada against extradition of Huawei's executive to America

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Canadian security agencies are still reviewing the security and technical issues surrounding the potential involvement of Huawei and other companies in new 5G networks for smartphones and other wireless communication devices. Concern about the security of the company's technology has been growing, particularly in the US, UK, Canada, Australia and Germany, which fear its products could be used for spying. Read More »

Builder uses digger to smash up new hotel lobby

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Police are investigating after a construction worker used a construction vehicle to destroy the reception area of a newly built hotel in Liverpool, U.K. Police in Merseyside , a county in Northwest England that includes Liverpool, said Tuesday that they'd located and planned to interview a man involved in the incident . Read More »

China demands US withdraw request for Canada to extradite Huawei executive

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The US has informed Canada it will start formal extradition proceedings for Huawei CFO Meng Wanzhou , almost two months after she was arrested in Vancouver for violating unilateral US sanctions against Iran. Meng is the chief financial officer of the Chinese tech giant Huawei and the daughter of its founder. Canada is one of over 100 countries with which the United States has extradition treaties. Read More »

China's growth slows to 28-year low as trade war weighs

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China's population grew at a slower rate past year despite the abolition of the one-child policy, official data showed on Monday (Jan 21), raising fears an ageing society will pile further pressure on an already slowing economy. The article makes the point that 9.7% growth for 2018 sounds great which it does, but that is less than 10% growth for the 4th year out of 5. Canalys, another research company, estimated an even steeper decline of around 15 per cent in the same quarter. Read More »

The World Economy Is Expected to Slow in 2019

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The gloomy International Monetary Fund forecasts, released on the eve of the World Economic Forum in Davos, Switzerland , highlighted the challenges facing policymakers as they tackle an array of actual or potential crises, from the U.S. Read More »

Google fined record £44m by French data protection watchdog

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It's one of the biggest regulatory enforcement actions since the European Union's General Data Protection Regulation , or GDPR , came into force in May. French regulators began investigating Google on May 25 - the day GDPR went into effect - in response to concerns raised by two groups of privacy activists. Read More »

China's 2018 economic growth sinks to 3-decade low

The world's second-largest economy expanded by 6.6 per cent over a year earlier, down from 2017's 6.9 per cent, official data showed Monday. Combined with reports from Apple , American car-makers, and other US companies that China sales are falling below expectations, this would seem to point to a decision by China's consumers to avoid USA products. Read More »

Tesla to cut thousands of jobs in profitability drive

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He said Tesla would need to make these cuts while increasing the mass market Model 3 sedan production rate and making many manufacturing engineering improvements in the coming months. The news was revealed in a blog on Tesla's site written by Musk himself while China's top regulator revealed the firm would be recalling over 14,000 Model S in the country. Read More »

Deal struck to raise NJ minimum wage to $15 an hour

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The increase, which was passed in November with 68 percent of the vote, would move up the minimum wage to $11 per hour by 2021. "This compromise is evidence that the governor and Democrat legislative leadership have no sense of reality on what small businesses can pay". Read More »

To Win in 2020, Trump Must Build the Wall

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Until now, the White House had said it would be open to negotiating on the amount of money it will accept for a wall, but has been noncommittal about offering other concessions to Democrats. It will be hard for the measure to get 60 votes needed to survive in the Senate, and it seems certain to die in the House. Roy Beck, president of NumbersUSA, which seeks a reduction in immigration, said Trump has forgotten the American workers who were central to his campaign promises. Read More »

Global stocks buoyed by trade hopes

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Adding to the upbeat mood, latest data showed USA manufacturing output increased by the most in 10 months in December, which could allay fears of a sharp slowdown in factory activity. Derek Scissors and Daniel Blumenthal, analysts at the conservative American Enterprise Institute, recently offered this proposal outlining what a rules-based us trade policy focused on intellectual property protection rather than an outcomes-based policy focused on the bilateral U.S-China trade balance might ... Read More »

United States crude oil production increases: weekly report

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OPEC along with other producers including Russian Federation agreed a year ago to output cuts effective January 1 to avert a glut. Oil is still about 20 percent above the lows reached in late December, but analysts said Brent has been trading in the low $60s and US crude in the low $50s due to ongoing nervousness about relations between Washington and Beijing and China's economic outlook. Read More »

Gripped by Ghosn crisis, Renault expects slight sales growth

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Nissan says that the executive, his alleged partner in crime Greg Kelly and " others " conspired as soon as they've heard of its creation to use the Netherlands-based joint venture as a front to pay undisclosed sums of money as compensation to Ghosn by bypassing the required approval from the board of directors. Read More »

Bogle's legacy: Booming index funds with perhaps too much reach

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He launched the first-ever index fund in 1976 and gained huge numbers of admirers for his staunch commitment to low-priced investing. "A lot of it is about lowering costs as you would expect, part of that is investing passively, and part of it is just having a sensible allocation to both equities and bonds". Read More »

Geely Plans To Start Building Lotus Cars In New Chinese Factory

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Lotus recruited 289 new employees past year and still has another 182 open positions. It will build cars for other brands in Geely's portfolio as well as Lotus . It will build all-electric battery cars, electric hybrids as well as combustion engine cars like Lotuses . However, the documents have not revealed details regarding the commencement of the operations. Read More »

Shopko files for bankruptcy court protection, plans to close 38 more stores

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The financing will give the company an opportunity to save the stores. The Minot store opened in February 1999. Sister Bay Village President David Lienau says keeping the Shopko Hometown store open is welcomed news. If Shopko can't find a buyer to take over its pharmacy business in Powell, local residents can still fill prescriptions at Powell Drug. Last month , it announced plans to close about 40 of its more than 300 stores across the country. Read More »

Goldman Sachs earnings beat expectations but bank books litigation charge

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Tim Leissner, who had been a partner for Goldman Sachs in Asia, pleaded guilty to charges of conspiracy to launder money and violate the Foreign Corrupt Practices Act. " It's very clear that the people of Malaysia were defrauded by many individuals, including the highest members of the prior government ", Solomon said in a quarterly earnings call with investors. Read More »

Judge Denies Requests for Pay by Air Traffic Controllers Affected by Shutdown

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Interested in Government Shutdown? Another 380,000 are not at work and not being paid. He also said it could put the safety of the public in jeopardy. He added that the judiciary branch is dealing with its own hardships as a result of the shutdown but said he did not want the courts to be a factor in the ongoing debate about funding the government. Read More »

Tesla Model 3 hackers can earn up to £700,000 for exploits

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For the first time this year, the competition has added an automotive category, featuring Tesla's latest auto. This year, however, Pwn2Own will feature a new automotive category and give contestants the opportunity to drive away in a brand new Tesla Model 3 - but only if they can hack it. Read More »

US Lawmakers Introduce Bipartisan Bills Targeting China’s Huawei and ZTE

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China's Foreign Ministry said on Thursday that proposed USA legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to "hysteria", and urged U.S. "Moving forward, we must combat China's theft of advanced USA technology and their brazen violation of USA law", Van Hollen added. They worry that, if Americans buy telecommunications equipment from either company, the gear could later be used as a way for the Chinese government to spy on Americans. Read More »

Can the House delay the State of the Union address?

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Pelosi wrote that expending government resources to ensure the event's security would be inappropriate considering that both the Secret Service and the Department of Homeland Security are now without funding. The letter from Pelosi is sure to irk the White House , which has yet to respond publicly. "If you've got a better idea. count me in". Minnesota Democratic Rep. Read More »

'We're all out of hamberders': Burger King flame broils Donald Trump

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Trump on Tuesday morning boasted of having the champion college football team from Clemson over to the White House on Monday , where he served them piles of fast food that he had ordered. Very great team. They'll be coming tonight. Lest anyone have trouble laughing, however, noted sandwich monarch Burger King is here to help. "But I said you guys aren't into salads or do I send out for about 1,000 hamburgers?" "And I know no matter what we did, there's nothing you could have that's ... Read More »

Brexit: UK PM May survives confidence vote

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A YouGov survey released Thursday found that when excluding those who said they do not know or would not vote, 56 percent of respondents would choose to remain in the European Union if there was a new referendum, while 44 percent would choose to leave. Read More »

Chinese military rapidly closing gap, Pentagon report says

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China has previously stated that its military will "pay any price", to ensure its sovereignty over Taiwan, an area it regards as a key part of its territory. Modernizing a Force to Fight and Win"-was published by the U.S. Defense Intelligence Agency (DIA)". On the technology front, DIA is concerned about advances the Chinese have made in modern weaponry including the unmatched anti-satellite capabilities that it has demonstrated recently and the development of directed-energy weapons and ... Read More »

Hundreds of flights cancelled as fresh strike hits German airports

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Ver.di, a major trade union representing around 23,000 security staff, is demanding a minimum wage of 20 euros (nearly $23) per hour for its members. Fraport "strongly advises" that all Frankfurt originating passengers avoid going to the airport, and said passengers should contact their airline or travel operator for information. Read More »

Saudi energy minister concerned about oil price volatility | AP business

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Falih said that secondary sources suggest OPEC production in December was already more than 600,000 barrels per day lower than in November. "If we look beyond the noise of weekly data and speculators' herd-like behaviour, I remain convinced that we're on the right track, and that the oil market will quickly return to balance", said Falih, addressing an oil conference in Abu Dhabi . Read More »

United States in criminal probe of China's Huawei

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The report could not be immediately confirmed. In a related move, U.S. politicians introduced a bill to ban the export of American parts and components to Chinese telecom companies that were in violation of USA export control or sanctions laws - with Huawei and fellow Chinese firm ZTE the likely targets. Read More »