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May claims she is 'armed with fresh' Brexit mandate

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The goal is to hammer out a new agreement that doesn't include an Irish border backstop, the mechanism to ensure that there will be no hard border between the Irish Republic and Northern Ireland if the sides failed to agree on all the terms of their relationship by the end of the Brexit transition period. Read More »

Foxconn's USA project to continue after talks with Trump: Terry Gou | Economics

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Instead of an LCD plant, the company would "create a "technology hub" in Wisconsin that would largely consist of research facilities along with packaging and assembly operations". Speaking to thousands of Foxconn employees at a Chinese New Year carnival in Taipei on Saturday, Gou said investing in the USA "is undoubtedly a right decision and fits with future economic trends". Read More »

E-commerce Policy: OnePlus To Continue With Amazon, Snubs Snapdeal And Shopclues

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With the inception of this rule, Xiaomi will no longer be able to sell their smartphone with exclusivity on Flipkart and the same applies to OnePlus on Amazon . The e-commerce giants control their inventory with bulk buying power from affiliated vendors. India's ecommerce space will be worth tracking over the next couple of years, as it'll see major players revamp their company structures and operations to meet the demands of a protectionist government in one of the world's ... Read More »

Bankrupted by Deadly Wildfires, PG&E Vows to Keep the Lights On

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Faced with potentially ruinous lawsuits over California's wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could drive up rates for customers of the nation's biggest utility and reduce the size of any payouts fire victims receive. Read More »

Another Apple employee arrested over stealing self-driving tech secrets

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The engineer was apparently arrested one day before a planned journey to China, and it was discovered that he had made a job application to a rival Chinese company that is also working on autonomous cars. Chen was allegedly found to have backed up in his personal computer more than 2,000 files, including manuals and diagrams that are trade secrets. A June 20 image found on Chen's personally owned computer showed "an Apple-designed wiring harness for an autonomous vehicle". Read More »

Tesla Model Y is on the way -- in 2020

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Musk noted that after a year that was both challenging, and its most successful, Tesla had grabbed 80 per cent of the EV market in the USA, with the Model 3 being the most successful premium auto of any type. Talking about patents in the post, Musk said that keeping patents a secret was a good practice once, but not anymore. "The real surprise in fourth quarter" was the free cash flow, which tracked a much stronger US$910 million vs JPMorgan's US$349 million and consensus US$412 million. Read More »

Zuckerberg: "Facebook Watch more mainstream in 2019"

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During the same period in the prior year, the firm posted $1.44 earnings per share. Co-founder Mark Zuckerberg , 34, is the undisputed leader as chairman and chief executive. But analysts say the trust issue is crucial for Facebook if it wants to move forward in its mission to connect the world. The company faces demographic challenges as younger users shift to other platforms, seeing Facebook as less cool than it once was. Read More »

Amazon sales, profit top estimates as retail, advertising soar

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He noted that Amazon has been gaining in the digital ad market as a result of its large customer base, developing a new revenue stream and taking away some market share from the leaders, Google and Facebook. Shares fluctuated between gains and losses in extended trading after the report and were little changed at 5:19 p.m.in NY. Amazon's net income in Q4 came to $3 billion, or $6.04 per diluted share, compared with net income of $1.9 billion, or $3.75 per diluted share, in the fourth quarter ... Read More »

Consumers Energy Needs Your Help By Reducing Your Gas Usage

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Temperatures in MI were at their lowest levels of the week, with readings around negative 12 degrees in the Detroit area and at bitterly cold levels statewide. "Ensuring out of an abundance of caution that everyone's home is safe and warm tonight". The utility says the spike in demand for energy is placing stress on the Midwest grid. Read More »

Volkswagen's Electric 'Dune Buggy' Really Is Happening

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It's being prepared for a debut at the Geneva Motor Show in March. From the Beetle convertible and special bodies produced by companies such as Hebmüller and Rometsch to dune buggies like the Meyers Manx, the Beetle chassis allowed for creative custom solutions for decades. Read More »

Microsoft Announces Earnings for Second Fiscal Quarter of 2019

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Office 365 commercial revenue was up 34 per cent. Of course, a 76 percent increase in business is certainly nothing to sniff at, but some see it as evidence that Azure's period of wild, exponential growth is over. " Our strong commercial cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services, and healthcare ", Microsoft CEO Satya Nadella is credited with saying in a canned statement. Read More »

Trump says US-China trade talks 'going well'

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Trump tweeted. He added that he would like to see progress on issues such as industrial subsidies and forced transfer of technology. The sides are expected to discuss protection of U.S. The report also said that the law could help attract more foreign investment to China, protect foreign investors' legal rights and interests, and provide a favorable business environment. Read More »

Tesla confirms big bond payment doable amid mixed earnings

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Following Elon Musk's recent warning of a "very difficult" time ahead for Tesla , the electric auto maker on Wednesday reported a much smaller profit for the fourth quarter than it saw during the previous three months. Tesla shares rose by 3% Wednesday to more than $307 apiece. Adjusted fourth-quarter earnings per share: $2.10. In terms of revenue, the company beat expectations, reporting $7.23 billion in the fourth quarter, compared with estimates of $7.08 billion. Read More »

Ex-Nissan Boss Carlos Ghosn Says He's a Victim of 'Treason'

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It is unclear what the long-term prospect of the alliance will be if Ghosn is no longer at the helm. The allegations against him were the result of "plot and treason", Ghosn told Nikkei . In turn, Renault, backed by the French government, has been attempting to thwart any diminishment of its influence. Alliance executives will meet this week in Amsterdam, where the company that manages the carmakers' partnership is based, people familiar with the matter said. Read More »

India's unemployment rate highest in 45 years

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After the report was published, Congress leader Randeep Singh Surjewala said on Twitter that the promise of 2 crore jobs by the Modi government had turned out to be a "cruel joke". The NSC, the final adjudicating authority, had approved this report in December 2018. The gloomy jobs data could be awkward for PM Modi's government to explain with a general election looming and opinion polls already showing the ruling Bharatiya Janata Party unlikely to keep its parliamentary majority. Read More »

Foxconn's change of plans in Wisconsin undercuts Trump's promises on manufacturing

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He said it would be more profitable for the company to make the displays in Japan and China and assemble them in Mexico, rather than build them in the US. Made in the USA: "It's all happening and it's happening very, very quickly", Trump said in June after visiting the Foxconn site. "I would see Terry, and I would say, 'Terry, you have to give us one of these massive places you do great work with, '" Trump said, flanked by then-Wisconsin governor Scott Walker in the East Room of the White ... Read More »

Venezuela prosecutor moves on popular opposition leader

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Attorney General Tarek William Saab made his request to the government-stacked Supreme Court, and also asked it to block Guaido's financial accounts. The White House said Trump and Juan Guaido, the opposition leader trying to replace Maduro , agreed to maintain regular communication after Venezuelan authorities opened an investigation that could lead to Guaido's arrest. Read More »

US removes Russian aluminium firm from sanctions list

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Aluminum prices on the London Metal Exchange (LME) dropped as much as 1.4 percent after the open. Some lawmakers from both parties also said it was inappropriate to ease the sanctions while special counsel Robert Mueller investigates whether Trump's 2016 presidential campaign colluded with Moscow. Read More »

Caterpillar Q4 profit misses estimate, shares drop 6%

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Advanced Micro Devices Inc, due to report Tuesday, gets about a third of its revenue from China, based on Refinitiv's data, while Apple's results also are due Tuesday. In Europe, the threat of a continued economic slowdown has been hanging over what is an already contentious situation with Britain's expected departure from the European Union in March. Read More »

Tyson Foods recalls chicken nuggets that could have rubber mixed in

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The company alerted the government Tuesday. The company recalled about 3,000 pounds of its frozen breaded products past year over concerns that they contained soft plastic. The range of 17009010-19009010, a "use by" date of March 11, 2019, and the UPC Code 72745-00129 means you have an affected product. In total, 16,011 pounds of products were recalled. Read More »

Death Toll Reaches to 84 in Mining Disaster at Brumadinho

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By Saturday night, when authorities called off rescue efforts until daybreak, the dam collapse toll stood at 40 dead with up to 300 people estimated to be missing. In an ominous sign, nobody was recovered alive Sunday, a stark difference from the first two days of the disaster, when helicopters were whisking people from the mud. Read More »

USA and China launch trade talks amid differences over economic reforms

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In other words, China exported more goods to the U.S. than it imported from it by that amount. In the upcoming talks, the two sides will also discuss "China's pledge to purchase a substantial amount of goods and services from the United States " as a way of reducing the US trade deficit with the world's second-largest economy, the statement said. Read More »

Maduro 'ready to negotiate' with opposition, calls for early parliamentary

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He also asked the court to impose a travel ban on the 35-year-old leader and to freeze his bank accounts. More than 40 people are believed to have been killed in political violence last week, including 26 shot by pro-Government forces, five killed in house raids and 11 during looting, United Nations human rights spokesman Rupert Colville said. Read More »

Taco Bell evacuated after fisherman reels in a WWII hand grenade

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A Florida man caused an evacuation at a Taco Bell in Ocala this weekend after telling cops he drove there with a hand grenade he found while magnet fishing. A fisherman from Florida, however, has made a rather unusual catch and a hand grenade from the Second world war on the Magnet had the hook. "The bomb squad removed the grenade without incident and advised it would be disposed of properly", the department said. Read More »

Porsche Taycan to come with free public charging in the US

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Bloomberg recently reported the vehicle is expected to achieve 60 miles of charge in just four minutes thanks to a battery that can absorb charging rates up to 350 kilowatts. Porsche is also giving electric infrastructure a boost by installing fast charging stations in all 191 of its United States dealerships. "Every Porsche is a sports auto with soul, and the Taycan is soul electrified". Read More »

Tesco Set to Cut About 15,000 Jobs, Mail on Sunday Reports

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Tesco is reportedly considering a major revamp of its stores which could affect thousands of jobs across the UK. According to the Mail on Sunday , counters in a handful of the biggest Extra stores will open on Thursdays to Sundays, while others are earmarked for closure or being scaled back dramatically. Read More »

US sanctions on Venezuelan oil reverberate globally

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National Security Adviser John Bolton said today that Maduro and his allies could "no longer loot the assets of the Venezuelan people". Lavrov said the sanctions amounted to an attempt by the U.S.to confiscate Venezuelan state assets. The sanctions would be the latest move in Trump's campaign oust the leftist regime of Maduro, who succeeded the late President Hugo Chavez in 2013. Read More »

MPs to debate Brexit plans

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Dr Fox gave a cool reception to a compromise deal put forward by housing minister Kit Malthouse which has won the support of the Democratic Unionist Party. It will also have to be agreed to by the EU's executive Commission and the European Council, which represents all member states of the union. Former BBC journalist and manager in Belfast, Manchester and London, Editor Spolight; Political Editor BBC NI; Current Affairs Commissioning editor BBC Radio 4; Editor Political and Parliamentary ... Read More »

Euro headed for second weekly loss after ECB's warning

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According to Eurostat, euro area GDP growth slowed to 0.2 percent in the third quarter of 2018 after an advance of 0.4 percent in the previous three months. "The persistence of uncertainties, in particular relating to geopolitical factors and the threat of protectionism, is weighing on economic sentiment". Read More »

Fresh fruit recalled in multiple states due to listeria concerns

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According to the FDA, the fruits were sold at "small retail stores" in MI. The FDA said the fresh nectarines were sold at Costco stores in California . Symptoms of Listeria can include a high fever, headaches, stiffness, nausea, stomach pain and diarrhea. The recall also affects nectarines distributed to Walmart stores in Maryland, New Jersey, New York, Pennsylvania, Virginia and West Virginia. Read More »