Economy

Nissan executive Munoz resigns after Ghosn's arrest

Nissan executive Munoz resigns after Ghosn's arrest

He was indicted Friday for acts including temporarily transferring personal trading losses to Nissan in 2008, as well as for understating his compensation for three years through March 2018. "In gen...

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Autoworkers to protest GM investors meeting in Windsor

Autoworkers to protest GM investors meeting in Windsor

We are fighting to the bitter end because General Motors is going to have to change their decision. The action came after Unifor, the union representing the autoworkers, failed to win GM's support ...

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Debenhams chairman stands down after AGM vote

Debenhams chairman stands down after AGM vote

In addition to the 3.4 per cent drop in like-for-like sales over the six-week Christmas trading period, Debenhams reported a 5.7 per cent drop in like-for-like sales for the 18 weeks to 5 January 20...

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Government shutdown affecting local breweries

Government shutdown affecting local breweries

That's because the federal agency that approves brewery labels is closed, a result of the government shutdown. That's because workers inside the federal bureau of Alcohol Tobacco and Firearms have b...

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Quarter UK growth 'may be boosted by Brexit stockpiling'

Quarter UK growth 'may be boosted by Brexit stockpiling'

The company blamed collapsing sales of diesel cars, the US-China trade war and uncertainty about how Brexit will unfold. A year ago recorded 11 consecutive months of negative sales growth in brick-a...

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Renault, Nissan hold board meetings before expected new Ghosn indictment, report says

Renault, Nissan hold board meetings before expected new Ghosn indictment, report says

A doctor is attending to the 64-year-old, who is exhausted from the long detention and interrogations, said his lawyer Motonari Otsuru. He was already facing a first charge for allegedly under-repor...

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2019 iPhones’ big feature will be an extra camera lens

2019 iPhones’ big feature will be an extra camera lens

Citing sources, Bloomberg previously reported that Apple would not release such a phone until 2020. Apple has reportedly chose to stick with the LCD display on the XR until it brings out a new l...

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Hitachi to Halt U.K. Nuclear Project, Book Charge, Nikkei Says

Hitachi to Halt U.K. Nuclear Project, Book Charge, Nikkei Says

The company will book a charge of between 200 billion yen and 300 billion yen ($2.8 billion) in the current fiscal year ending in March, the Nikkei reported. In December, Hitachi said it would do its ...

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Samsung goes big with a 219-inch TV

Samsung goes big with a 219-inch TV

Samsung has yet to provide the cost for its new TVs. According to CNN , the television uses MicroLED technology, which is supposed to create a brighter image using less energy. Yep, 219-inches or ...

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Talks continue to break impasse over pipeline construction in northern BC

Talks continue to break impasse over pipeline construction in northern BC

Hereditary chiefs of the Wet'suwet'en First Nation have reached a deal with the RCMP to allow a natural gas company access across a bridge that had been blocked in their territory. Horgan said he spok...

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Singapore retail sales decline 3 pct in November 2018

Singapore retail sales decline 3 pct in November 2018

Singapore's retail sales decreased 3 percent year-on-year in November 2018, compared to a 0.1-percent increase in October, the Department of Statistics of Singapore said on Friday. "Both of these indu...

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BoC holds the line on rates

BoC holds the line on rates

The Bank of Canada revised consumption down, and now projects it to add just 1 percentage point to growth this year, which would be its weakest contribution since the 2009 recession. The ideal storm o...

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Brazilian government greenlights Embraer tie-up with Boeing

Brazilian government greenlights Embraer tie-up with Boeing

The share price in Brazilian airplane manufacturer Embraer rose on Friday as markets reacted favorably to the country's President Jair Bolsonaro approving a merger with American giant Boeing. The ...

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Ring reportedly gave employees access to customer video feeds

Ring reportedly gave employees access to customer video feeds

A report from the Intercept explains how, starting in 2016, Ring allowing its Ukraine-based R&D team access to a folder on Amazon's S3 cloud storage service that contained video histories of eve...

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SpaceX To Lay Off 10 Percent Of Its Workforce

SpaceX To Lay Off 10 Percent Of Its Workforce

Friday and not to return, KWTX has learned. SpaceX has since confirmed the news, saying in a statement that it must get "leaner" in order to achieve its goals - ones that, it said, "have bankrupted ...

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Target posts strong holiday sales, maintains outlook

Target posts strong holiday sales, maintains outlook

Comparable sales growth for the November/December period was 0.7% for owned stores and 1.1% for owned plus licensed stores. With low unemployment, rising wages and consumer confidence high, there ha...

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Jamaica cruise cut short after stomach bug outbreak on ship

Jamaica cruise cut short after stomach bug outbreak on ship

The boat is turning around to return to Port Canaveral. Get push notifications with news, features and more. Norovirus is a highly contagious disease, the symptoms of which include vomiting and ...

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Lotto fever hits WA ahead of $80m Powerball jackpot

Lotto fever hits WA ahead of $80m Powerball jackpot

Another drawing is scheduled for Saturday night. While the draw normally takes place at 8.30pm, yesterday the results weren't available until nearly 11pm. "We aim to conduct the draw and have the re...

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Toyota recalls 1.3M vehicles in the United States to fix air bags

Toyota recalls 1.3M vehicles in the United States to fix air bags

Lexus models effected include ES 350 , GX 460 , IS 250C , IS 350C, IS 250 , IS 350 and IS-F. Those vehicles include Scion, Toyota and Lexus models from as early as 2010 through as recent as 20...

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Sears Agrees to Consider Revised Takeover Bid

Sears Agrees to Consider Revised Takeover Bid

The chain, which includes Kmart discount stores, had made a decision to ask a US bankruptcy judge to pursue liquidation Tuesday morning, before giving Lampert more time to improve his offer. A g...

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You Can Now Buy a 27-Pound Bucket of Mac and Cheese

You Can Now Buy a 27-Pound Bucket of Mac and Cheese

That much mac and cheese might sound like a dream, but before you let your imagination run wild, let's establish a few of the details. We bought this for our grandson. "Honestly, I was expecting som...

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GM ramps up all-electric Cadillac in possible challenge to Tesla

GM ramps up all-electric Cadillac in possible challenge to Tesla

Last year, GM killed off the plug-in Chevrolet Volt and Cadillac CT6 in order to allocate more funds into the EV sector. A GM spokesman declined to comment. "We are confident Cadillac will be a le...

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Google shareholder alleges company tried to cover up sexual misconduct

Google shareholder alleges company tried to cover up sexual misconduct

The filing comes following allegations made against former Android bigwig Andy Rubin last October. The lawsuit comes months after a New York Times report revealed Google allegedly paid so-ca...

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Boeing unveil improved Truss Wing airliner concept

When the plane is flying at Mach 0.80, the new type of wing would provide an unprecedented degree of aerodynamic efficiency, the company said in an announcement today. Boeing says the new concept is ...

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Digital bank raises $300m as it plans assault on USA market

It also beats the $150 million raised by Brazil's Nubank in March and its further $180 million cash injection from China's Tencent in October. N26 is aiming to build the first global mobile bank, ...

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Virgin Atlantic consortium agrees to buy Flybe

Virgin Atlantic consortium agrees to buy Flybe

Shares in the company have risen 12.5% since Flybe first said it was exploring a sale as it tries to cut capacity and costs to grapple with a weak British pound, falling demand, and higher fuel costs....

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FDA inspections have stopped, thanks to government shutdown

FDA inspections have stopped, thanks to government shutdown

Gottlieb also tweeted that the FDA is working to continue with the inspections unlike the agency did during the government shutdown in 2013. About 40% of the FDA's staff is furloughed. The Centers f...

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China Trade Talks Restart Ahead of March Deadline

China Trade Talks Restart Ahead of March Deadline

The USTR statement didn't say whether progress had been achieved on its main concerns. He did not elaborate. The council and other USA business groups have pressed for a resolution to the trade hostil...

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Amazon chief Jeff Bezos' new 'secret relationship' revealed after divorce announced

Amazon chief Jeff Bezos' new 'secret relationship' revealed after divorce announced

Last night, the Enquirer drew attention over a statement they released saying they followed Bezos for months to document his liaison. The two moved to Seattle, where Bezos founded Amazon , of whi...

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Lenovo leads PC shipments for 4Q18 and for the year overall

Lenovo leads PC shipments for 4Q18 and for the year overall

The big hit, apparently, came from a shortage of processor chips, Gartner senior principal analyst Mikako Kitagawa said. Kitagawa added that the second and third quarters of 2018 both showed growth ...

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Air Traffic Controllers Sue Trump Over Shutdown

Air Traffic Controllers Sue Trump Over Shutdown

Lauri says she has a little money saved up, but worries about many of her coworkers who were living paycheck to paycheck before the shutdown. President of the T.S.A. TSA spokesman Michael Bilello ...

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Three Apple iPhone coming this year with triple camera setup

Three Apple iPhone coming this year with triple camera setup

The iPhone XS and XS Max have two rear cameras, while the less expensive XR has a single camera, but the latter has numerous same features as its higher-end counterparts. Customers gather as they ta...

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Dangote, Adenuga top Forbes' Africa billionaires list

Dangote, Adenuga top Forbes' Africa billionaires list

In 2015, Dangote was reported to have a net worth of $25bn, but three years after, that lot has reduced by about $15bn. "All but four members on the list have smaller fortunes than a year ago". Thos...

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Carlos Ghosn indicted on two new charges

He is also under investigation for allegedly seeking to pass off personal investment losses to Nissan's books and paying a Saudi businessman from company funds to stump up collateral to cover the lo...

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Ford Europe set to slash thousands of jobs

Ford Europe set to slash thousands of jobs

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. The company did not gi...

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