Economy

Postal company faces backlash after threatening to shred letters to Santa

Postal company faces backlash after threatening to shred letters to Santa

One asked: "Who hurt you, UPS? ". UPS deleted the tweet, but has yet to offer an apology for its Christmas-time gaffe - but maybe the social media team should be expecting a visit from three Chris...

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Independent review calls for further study of Massey Tunnel replacement options

Independent review calls for further study of Massey Tunnel replacement options

An independent technical review was then launched and those findings were handed in to Transportation Minister Claire Trevena in the spring. An independent review of a major traffic congestion zone ...

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Facebook 'gave Netflix and Spotify access to private messages'

Facebook 'gave Netflix and Spotify access to private messages'

A number of firms still had this special access to data even when they no longer needed it; some, including Apple, told the paper they didn't even know they had been granted special access. Facebook s...

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China milestone for Boeing

China milestone for Boeing

The factory, which is the first Boeing facility of its kind outside the U.S., is a joint venture with state-owned plane maker Commercial Aircraft Corporation of China (COMAC). Boeing 737 MAXs for C...

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Nio Drops 9% After Launching New ES6 Electric SUV

Nio Drops 9% After Launching New ES6 Electric SUV

It is the second model from startup Nio and follows the seven-seat ES8 SUV released earlier this year. The company has been dubbed the Chinese rival to U.S. Pre-orders began December 1, and the vehi...

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Budget war chest could go to tax cuts

Budget war chest could go to tax cuts

The coalition's May budget had forecast a $14.4 billion deficit for 2018/19, but higher-than-expected tax revenues and fewer government payments mean the deficit for the year is expected to be half th...

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Pound Exchange Rate Recovering (GBP/EUR, GBP/USD); Fed Decision

Pound Exchange Rate Recovering (GBP/EUR, GBP/USD); Fed Decision

United Kingdom market continues to provide bearish influence to British pound in medium term outlook as PM May has intentionally delayed the process for parliamentary vote on current Brexit deal in ...

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Xi Jinping says no one can 'dictate' China's economic path

Xi Jinping says no one can 'dictate' China's economic path

Chinese leaders presented the medals to those who were present at Tuesday's event. The clause " Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era" was also added to the Chine...

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Goldman Sachs faces charges in corruption probe | Money Talks

Goldman Sachs faces charges in corruption probe | Money Talks

Clare Rewcastle Brown, founder of the Sarawak Report, which broke the 1MDB scandal, joins us for more on the story. "The US DOJ's charges and Mr Leissner's guilty plea have provided further evidence...

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Elon Musk to unveil underground tunnel, transport cars

Elon Musk to unveil underground tunnel, transport cars

Musk , best known as head of the Tesla Inc electric auto manufacturer and energy company, launched his foray into public transit after complaining in December 2016 that L.A.'s traffic was "driving m...

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Ludington company hands out $4M in Christmas bonuses

Ludington company hands out $4M in Christmas bonuses

According to Michigan Live , " FloraCraft is the world's leading manufacturer of foam products for the craft and floral industries", and are distributed through national retailers that include Walma...

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Dem AGs Take Step to Appeal Ruling That Struck Down Obamacare

Dem AGs Take Step to Appeal Ruling That Struck Down Obamacare

The Republican-led Congress past year eliminated a penalty that the ACA levied on people who opted not to obtain insurance. Certain providers of substance abuse treatment, emergency services and menta...

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Ottawa to Announce $1.6 Billion Stimulus for Energy Sector

Ottawa to Announce $1.6 Billion Stimulus for Energy Sector

Canada's oil industry isn't hurting as much as it is south of the 49th parallel, where prices fell more than 2% this week, as USA crude hit its lowest point since September 2017. "I don't deny that th...

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Not two-way all-day, but more GO train service added in Kitchener

Not two-way all-day, but more GO train service added in Kitchener

The expanded service was announced Monday, with the new trips to be added to the GO schedule as of January 7. A morning trip that originally started at Georgetown's GO station will depart from Kitch...

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Concerns of oversupply, slower global economy weigh on oil prices

Concerns of oversupply, slower global economy weigh on oil prices

The black gold is heading towards a fifteen-month low, partly due to concerns of a supply glut. Investors' confidence is low, with many fund managers expecting global growth to weaken over the next...

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It will take 108 years to close the global gender gap

It will take 108 years to close the global gender gap

A stagnation in the proportion of women in the workplace and women's declining representation in politics, coupled with greater inequality in access to healthcare and education, offset improvements in...

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Florida man offers to trade marijuana for food at McDonald's drive-thru

Florida man offers to trade marijuana for food at McDonald's drive-thru

Police weren't able to find the vehicle, but an officer stayed behind and watched from an adjacent parking lot. In an arrest report obtained by the Miami Herald , one officer noted that Gallagher's...

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Fed likely to raise rates in December

Fed likely to raise rates in December

Previously, the Fed forecasted that it would raise rates three times next year. Zero interest rates were introduced during the recession. A slowing economy - or a recession - could damage Trump's re-e...

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Google's China search engine project 'effectively ended'

Google's China search engine project 'effectively ended'

Facing widespread criticism over its "censored" Search engine for the Chinese market, Google has reportedly shut down a data collection system that was key to develop the search project code-named "...

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China's Xi to address key reform anniversary on Tuesday

China's Xi to address key reform anniversary on Tuesday

But Xi's speech was short on specifics, with no concrete policies or plans to tackle China's increasingly complex economic problems, which include weakening growth, rising debt and an ongoing trade wa...

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Jaguar- Land Rover likely to cut jobs

Jaguar- Land Rover likely to cut jobs

According to the report the job cut will be part of company's plan to save £2.5 billion to offset the likely impact due to Brexit , decreasing sales in China and poor demand of diesel cars . While t...

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California Withdraws 'Text Tax' After FCC Ruling

California Withdraws 'Text Tax' After FCC Ruling

The Federal Communications Commission last week classified messaging as an information service rather than a telecommunications service. The controversial "text tax", which drew opposition from wi...

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'Incident on board' forces Tigerair flight to turn back to Sydney

'Incident on board' forces Tigerair flight to turn back to Sydney

Tigerair's flight TT271 to Melbourne was forced to return to Sydney Airport , News Corp Australia reported. Flight number TT271 was near the Victorian border at about 8pm on Monday evening whe...

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Police warn Netflix users of suspicious scam email

Police warn Netflix users of suspicious scam email

In a photo uploaded by the City of Solon, Ohio Police Department Government's Facebook page, the picture says "Please update your payment details" with Netflix's logo. Some other red flags on th...

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Renault calls for Nissan shareholder meeting

Renault calls for Nissan shareholder meeting

Last week, Japanese prosecutors officially charged Nissan for its role in the financial misconduct scandal involving its ousted chairman Carlos Ghosn , who is accused of conspiring to understate his ...

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Fed Fear: Dow Drops by More Than 500 Points

It's obvious that the "Santa Claus rally" isn't coming, at least not unless something happens with the Federal Reserve and the statement. "The markets right now are emotionally drained and are very ...

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Cryptocurrency promoter rains money on poor neighborhood

Cryptocurrency promoter rains money on poor neighborhood

Police were called to the scene and told people not to pick up the money, reported the South China Morning Post . At least that's what a Hong Kong cryptocurrency promoter would reportedly have folk...

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Ex-CEO Les Moonves Will Not Receive $120M Severance Payment

Ex-CEO Les Moonves Will Not Receive $120M Severance Payment

The board of directors for CBS Corp. said Monday it found grounds to terminate ousted CEO Leslie Moonves "for cause" and will not pay out a severance package worth $120 million. "Consistent with the...

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The Lincoln Continental Gets Coach Doors and a Six-Inch Stretch for a Cool $100,000

The Lincoln Continental Gets Coach Doors and a Six-Inch Stretch for a Cool $100,000

There is no provision for electrically closing them, however, as on the modern Rolls-Royce models that make use of such doors. The ride was built to coincide with the 80th anniversary of the Continen...

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Giant Eagle recalls red and green lettuce

Giant Eagle recalls red and green lettuce

Family Farms. The carton tag numbers are: 203-27263 331-18, 203-27263 333-18, 203-27263 334-18, 204-27268 332-18, 203-27268 334- 18, 203-27263 332-18, 203-27263 334-18. The recall involves produce har...

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Parrot uses Alexa to try and order items, play music from Amazon

Parrot uses Alexa to try and order items, play music from Amazon

Rocco reportedly talks to Amazon's voice-activated, personal assistant, " Alexa ", and has purchased a vast range of items including fruit, vegetables and ice cream. "I've come home before and he has ...

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Google to invest $1 billion in new NY campus

Google to invest $1 billion in new NY campus

Ruth Porat, Google's chief financial officer, wrote in a blog post on Monday that the company's new Google Hudson Square campus will be opened in 2020. "We will have the capacity to more than doubl...

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Robinhood's new checking and saving accounts raise concerns from SIPC

Robinhood's new checking and saving accounts raise concerns from SIPC

Galileo , a US -based payments processors and program management firm, announced on Thursday it has formed a partnership with Robinhood to help power Robinhood Checking & Savings feature. Robinhood ...

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Renault board maintains Ghosn as CEO, says pay was legal

Renault board maintains Ghosn as CEO, says pay was legal

DAMAGED by the loss of Carlos Ghosn as its chairman and the residual backlash by investors, Nissan this week took another hit with about 150,000 vehicles recalled for allegedly inadequate testing of n...

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China's Nov Retail Sales, Industrial Output Growth Weakens Sharply

China's Nov Retail Sales, Industrial Output Growth Weakens Sharply

Auto sales fell a sharp 10.0 per cent from a year earlier. Industrial output in November grew 5.4 percent from a year ago - the slowest pace in nearly three years as it matched the rate of growth se...

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