US, China trade talks wrap up in Beijing

Steven Mnuchin , the US Treasury secretary, said in a tweet that he had concluded a "very productive" working dinner with Chinese negotiators in Beijing . During the Boao Forum on Thursday, Chinese Prime Minister Li Keqiang said that China will open... More..

by | Published more than a month ago
It's Time For Uber And Lyft's White Collar Workers To Step Up
by | Saturday, March 30, 2019

It's Time For Uber And Lyft's White Collar Workers To Step Up

Lyft also said it ended up selling 32.5 million shares in the offering, above the almost 31 million that it had targeted in its regulatory filings leading up to Thursday evening's pricing. "We're going after ...More..

Geely, Daimler to Jointly Build Smart Cars in China
by | Saturday, March 30, 2019

Geely, Daimler to Jointly Build Smart Cars in China

In the future, we are looking forward to working with all partners to sustain our success in China and worldwide. Geely chairman Li Shufu said "we fully respect the value of Smart ", adding: "As equal part...More..

Kaz Hirai is Officially Retiring from Sony in June
by | Saturday, March 30, 2019

Kaz Hirai is Officially Retiring from Sony in June

Sony says he will continue to act as a senior advisor to management. Last April he stepped down from the CEO post, replaced by Kenichiro Yoshida, but remained as Director and Chairman. " I would like to exte...More..

Swedbank head office searched as money laundering allegations grow
by | Saturday, March 30, 2019

Swedbank head office searched as money laundering allegations grow

The headquarters of Swedbank AB were raided Wednesday morning amid reports that US authorities are now investigating the bank. Swedish authorities searched the head office of Swedbank on Wednesday as part...More..

US GDP growth revised down sharply to 2.2% in Q4
by | Saturday, March 30, 2019

US GDP growth revised down sharply to 2.2% in Q4

Department of Commerce on in its third reading of fourth-quarter GDP growth. In its latest economic projections released last week, the Federal Reserve cut its forecast of the USA economic growth in 2019 a...More..

Google pulls gay conversion therapy app from Play Store following outcry
by | Saturday, March 30, 2019

Google pulls gay conversion therapy app from Play Store following outcry

In a statement, a spokesman for Google claimed that the company removed the app "after consulting with outside advocacy groups, reviewing our policies, and making sure we had a thorough understanding of the app...More..

Carlos Ghosn was treated like a 'diety', Nissan report finds
by | Saturday, March 30, 2019

Carlos Ghosn was treated like a 'diety', Nissan report finds

Ghosn, who is free on bail pending his trial, has denied the charges against him. Former Nissan chairman Carlos Ghosn had too much power and was able to hide his misconduct through an "opaque" management sy...More..

Kia Mohave Masterpiece, SP Signature concepts revealed in Seoul
by | Saturday, March 30, 2019

Kia Mohave Masterpiece, SP Signature concepts revealed in Seoul

The Kia Mohave Masterpiece may be meant to go off-roading, with its high ground clearance, bulky proportions, skid plates and running boards, but it also looks plenty flash for the suburbs. The final produc...More..

Findel urges investors to reject Mike Ashley’s ‘opportunistic’ bid
by | Saturday, March 30, 2019

Findel urges investors to reject Mike Ashley’s ‘opportunistic’ bid

Debenhams shares were trading at 3.8p on Wednesday morning. The department store chain is now trying to raise up to £200m from existing lenders. Sports Direct , which a year ago bought department store ch...More..

by | Saturday, March 30, 2019

"Sunshine List" shows highest paid public sector employees

Even though she retired part way through 2018, former director of clerks and building services Lesley Sprague still made a strong impact on the 2018 City of Elliot Lake earners list by receiving $109,288.57, ab...More..

Sports Direct considers offer for Debenhams
by | Friday, March 29, 2019

Sports Direct considers offer for Debenhams

The move comes as Debenhams , which is struggling under nearly £500 million of debt, moves closer to a pre-pack administration or debt-for-equity swap, which could save the business but wipe out shareholders, ...More..

Turkey may be left outside F-35 fighter jet project
by | Friday, March 29, 2019

Turkey may be left outside F-35 fighter jet project

So far Ankara has not shown any willingness to reverse the S-400 purchase, forcing the United States to explore a future for the F-35 programme without Turkey , which makes parts of the fuselage, landing g...More..

US January trade deficit down 14% to $51 billion
by | Friday, March 29, 2019

US January trade deficit down 14% to $51 billion

Also, an uptick in U.S. soybean imports by China has helped lower January's trade deficit . Data for December was revised slightly down to show the trade gap widening to $59.9 billion instead of the previo...More..

US orders Chinese firm to sell gay dating app Grindr
by | Friday, March 29, 2019

US orders Chinese firm to sell gay dating app Grindr

Grindr itself is based in West Hollywood, California; last summer Kunlun said that it was planning to spinoff the dating app via an IPO that would have made Grindr a publicly traded company. Following its sale ...More..

United Kingdom watchdog says Huawei poses a national security risk
by | Friday, March 29, 2019

United Kingdom watchdog says Huawei poses a national security risk

In November of 2010, the Chinese networking and telecommunications giant Huawei entered into an agreement with the government of the United Kingdom to allow extensive security reviews of Huawei's hardware and s...More..

Gender pay gap: US, UK, Australia, France see progress as Germany dips
by | Friday, March 29, 2019

Gender pay gap: US, UK, Australia, France see progress as Germany dips

A tighter labor market, increased labor force participation by women, and greater awareness of the gender pay gap all likely contributed to the shift, the report found. Glassdoor, however, reveals that 60% of...More..

Lyft prices IPO at $72 a share, valuing company at $24B
by | Friday, March 29, 2019

Lyft prices IPO at $72 a share, valuing company at $24B

Lyft was valued at $US24.3 billion ($34.3 billion) in the first initial public offering (IPO) of a ride-hailing startup, raising more than it had set off to do amid strong investor demand. Lyft has been in fi...More..

Huawei welcomes Brussels' recommendation on 5G security
by | Friday, March 29, 2019

Huawei welcomes Brussels' recommendation on 5G security

The European Commission ignored USA calls to ban Chinese tech supplier Huawei as it announced Tuesday a series of cybersecurity recommendations for next-generation mobile networks. Huawei has strongly re...More..

Reserve Bank flags economic concerns, next rate move more likely a cut
by | Friday, March 29, 2019

Reserve Bank flags economic concerns, next rate move more likely a cut

See live rates for the NZ-US $ below. A weaker dollar makes imported goods more expensive, however New Zealand's exports become relatively cheaper overseas and New Zealand becomes cheaper holiday destinatio...More..

The world's top 10 airports have been revealed
by | Friday, March 29, 2019

The world's top 10 airports have been revealed

The Skytrax 2019 World Airport Awards gave Singapore's Changi Airport the crown for a history-making seventh year running with more than 5,000 arrivals and departures each week across 80 different airline...More..

BC Ferries vessel misses berth, crashes into dock
by | Thursday, March 28, 2019

BC Ferries vessel misses berth, crashes into dock

UPDATE: 10:15 a.m. Passengers were supplied with free food and drink and were given regular updates through the P.A. system. "We had to put a pause on the Coastal Celebration's refit so once we revise our p...More..

Ocado heads Down Under with deal to build robot warehouses for Coles
by | Thursday, March 28, 2019

Ocado heads Down Under with deal to build robot warehouses for Coles

The Coles deal is Ocado's first since a fire destroyed its flagship warehouse in Andover, southern England, last month. Although robots will take on much of the hard labour now fulfilled by Coles employees,...More..

WOW Air COLLAPSES: Icelandic airline confirms end of operations - ALL flights cancelled
by | Thursday, March 28, 2019

WOW Air COLLAPSES: Icelandic airline confirms end of operations - ALL flights cancelled

Otherwise Van Cleave noted that other airlines sometimes offer "rescue fares" for passengers stranded in such circumstances, and if tickets were booked as part of a vacation package deal, the company that offer...More..

Global carbon emissions hit record high in 2018 - IEA
by | Thursday, March 28, 2019

Global carbon emissions hit record high in 2018 - IEA

Americans consumed 10% more gas than the previous year, the fastest increase the IEA has seen since its first report in 1971. With strong output from United States shale fields, which pushed down oil prices...More..

Reporter's Take | Will the Apple Card disrupt the industry?
by | Thursday, March 28, 2019

Reporter's Take | Will the Apple Card disrupt the industry?

But unlike at earlier events, several of the announcements this week did not include exact launch dates or pricing information. Apart from that, owners of Smart TV and other devices would also be able to stre...More..

Oil prices rise amid supply cuts
by | Thursday, March 28, 2019

Oil prices rise amid supply cuts

Brent settled up 76 cents at $67.97 a barrel, not far below its year-to-date high of $68.69, reached on March 21. Oil prices firmed on Tuesday, pushed up by ongoing supply cuts led by producer club OPEC an...More..

AirAsia apologises over ‘Get off in Thailand’ marketing campaign
by | Wednesday, March 27, 2019

AirAsia apologises over ‘Get off in Thailand’ marketing campaign

The Malaysian airline, which flies to more than 140 destinations in the Asia-Pacific region, ran an advertisement with the suggestive slogan "Get off in Thailand". The campaign aimed to promote Bangkok as a des...More..

Three Virginia tickets each win $50,000 in Powerball
by | Wednesday, March 27, 2019

Three Virginia tickets each win $50,000 in Powerball

The Powerball drawing will be Wednesday night, giving those who buy a $2 ticket a chance at winning the fourth-largest lottery jackpot in USA history. If one ticket matches all six numbers, the victor will have...More..

10-Year vs 1-Month Inversion Persists
by | Wednesday, March 27, 2019

10-Year vs 1-Month Inversion Persists

The plunge was followed after the Fed announced that the difference in the spread between three-month treasury bills yield and a ten-year bond's yield came out to be negative. Investors will also be watching ...More..