Business

Amazon cancels plans for NY headquarters after fierce opposition

Amazon cancels plans for NY headquarters after fierce opposition Amazon ultimately split the 50,000-job investment between Crystal City, Virginia, and Long Island, with an additional 5,000-job operations center in Nashville, Tennessee. Amazon also faced anti-gentrification sentiment in a city where income inequality and a lack of affordable housing have become major concerns. In recent weeks, City Council members held hearings at which they grilled Amazo... [Full Article...]

Amazon reconsidering New York HQ2 plan

Amazon reconsidering New York HQ2 plan They didn't account for Alexandria Ocasio-Cortez, the 29-year old freshly elected congresswoman, and other NY politicians who slammed the subsidies the city and state offered. And the leaked threat could be a tactic to put pressure on NY officials. Finally, at a City Council meeting last week, the company refused to agree to remain neutral if Amazon workers attempted unionization in New Yor... [Full Article...]

American Media says its reporting on Amazon's Bezos was lawful

American Media says its reporting on Amazon's Bezos was lawful It said the company believed "fervently that it acted lawfully in the reporting of the story of Mr Bezos ". In recent months, the Trump-friendly tabloid acknowledged secretly assisting Mr Trump's White House campaign by paying Ms McDougal for the rights to her story about the alleged affair. [Full Article...]

Home and vehicle loans to be cheaper as RBI cuts rates

Home and vehicle loans to be cheaper as RBI cuts rates Deputy Governor Viral Acharya and another MPC member, Chetan Ghate, voted for status quo in interest rates, while Shaktikanta Das and three others voted for a cut in interest rates. The rupee weakened to 71.69 to the dollar immediately after the announcement but did strengthen to 71.42 soon. The 25 bps rate cut has come after a period of one-and-a-half years (the last one was in August 2017). [Full Article...]

Oil steadies as investors weigh up odds of global supply squeeze

Oil steadies as investors weigh up odds of global supply squeeze USA crude was down 48 cents at $53.18. The market also contended with the possibility that oil producers would not adhere strictly to cuts agreed to previous year. However, U.S. crude stocks rose last week even as refineries boosted output, while gasoline and distillate stocks increased, data from industry group the American Petroleum Institute showed on Tuesday. [Full Article...]

Venezuela opposition warns military against preventing entry of aid

Venezuela opposition warns military against preventing entry of aid Those who settle in Cucuta are often Venezuela's poorest. Crispin Blunt said Venezuela had been "systematically looted" by the country's ruling class and warned it was the British government's responsibility to seize any ill-gotten gains within its jurisdiction. [Full Article...]

Trump Invites Bullied Student, Synagogue Shooting Survivors to State of the Union

Trump Invites Bullied Student, Synagogue Shooting Survivors to State of the Union He has hinted that he may make news - a national emergency declaration on the US southern border, a proposal on drug prices or on AIDS, or dates and locations for summits with the leaders of China and North Korea. Trump and his wife returned to the White House together after the speech. And the administration's ongoing trade dispute with China continues to cause major damage in certain sectors, e... [Full Article...]

$139.5M - Tesla remains profitable - Model 3 delivers

$139.5M - Tesla remains profitable - Model 3 delivers Of the larger (and older) S and X models, Tesla delivered 27,607 units to customers worldwide in the fourth quarter. The disclosure comes amid mixed quarterly results. In concrete numbers, Tesla announced that it made $7.2 billion in revenue and earnings of $1.98 per share (non-GAAP). Both markets are considered important growth opportunities for the company. [Full Article...]

Unemployment in India is at its highest in 45 years

Unemployment in India is at its highest in 45 years Rahul Gandhi, the leader of the Congress party, the main opposition, said the report showed "a national disaster". In comparison, the unemployment rate stood at 2.2% in 2011-'12, during the United Progressive Alliance's second term, according to the survey . [Full Article...]

Have Democrats Had Enough of Ocasio-Cortez Already?

Have Democrats Had Enough of Ocasio-Cortez Already? The self-proclaimed Democrat-socialist unseated a well established Democrat in a shocking primary upset a year ago. "Everybody knows someone in their life that is already an incredible public servant - nominate that awesome public servant to take their service to the halls of Congress", she encouraged. [Full Article...]

Trump meets with Chinese vice premier on trade

Trump meets with Chinese vice premier on trade It's a lot of work because this is a very comprehensive deal. But that was the only scant detail either side was willing to divulge about the high-stakes talks ahead of a March 1 deadline for a deal. China is fighting a major trade dispute at the WTO against US and European Union claims that China is not a "market economy" and therefore that its export prices should not be taken at face value wh... [Full Article...]

Dollar slides vs yen on USA rate outlook; euro falls

Dollar slides vs yen on USA rate outlook; euro falls JPMorgan strategists still expect the central bank to resume tightening after mid-2019, but recommend that investors unwind their bets for the U.S. five- to 30-year yield curve to flatten. On Wednesday, the statement said "market-based measures of inflation compensation have moved lower in recent months". "We are now facing a somewhat contradictory picture of generally strong USA macroeconomic... [Full Article...]

Venezuela has 20 tons of gold ready to ship. Address unknown

Venezuela has 20 tons of gold ready to ship. Address unknown Venezuelan President Nicolas Maduro hit out Wednesday at military "mercenaries" he says are conspiring to divide the armed forces and plot a coup as the opposition planned a new protest to force the socialist leader from power. "We are ready to participate in global efforts in formats acceptable to the Venezuelan parties", he said. United States refineries can receive Venezuelan oil already... [Full Article...]

Apple's iPhone revenue down 15% in holiday quarter

Apple's iPhone revenue down 15% in holiday quarter Apple's iPhone revenue has plunged in the December quarter, and the company is ready to make some changes. Chief Executive Officer Tim Cook has seen China as a key part of Apple's sales and manufacturing strategy, with the company generating nearly $52 billion in revenue from China and Hong Kong last fiscal year. [Full Article...]

United States charges Chinese tech giant Huawei, top executive

United States charges Chinese tech giant Huawei, top executive FBI Director Christopher Wray said both sets of charges "expose Huawei's brazen and persistent actions to exploit American companies and financial institutions, and to threaten the free and fair global marketplace". "As charged in the indictment , Huawei and its Chief Financial Officer broke USA law and have engaged in a fraudulent financial scheme that is detrimental to the security of the Un... [Full Article...]

Attorney general seeks to bar Guaido from leaving Venezuela, freeze his assets

Attorney general seeks to bar Guaido from leaving Venezuela, freeze his assets Some 75 per cent of the country's cash-generating oil shipments go the U.S., according to Barclays, but Mr Maduro retains the support of Russia, China, Turkey and Iran and is likely to divert shipments to them. Guaido is the leader of the country's National Assembly, and declared himself the interim president of Venezuela last week. "Valero will continue to support the administration and will ... [Full Article...]

Theresa May signals new deal vote soon

Theresa May signals new deal vote soon Macron called on May to present the EU's chief negotiator Michel Barnier with her next steps for avoiding a no-deal Brexit on March 29, which he said "no-one wants, but. Another faction, led by both Conservative pro-EU and pro-Brexit lawmakers, are trying to craft a plan to return to Brussels with two new options. [Full Article...]

USA hits Venezuela's state-owned oil company with sanctions

USA hits Venezuela's state-owned oil company with sanctions Maduro has blamed his country's woes on the United States, which he accuses of working with the opposition to topple the government. The Venezuelan opposition leader proclaimed himself interim president last week and was immediately recognized by the United States and a host of other countries soon after. [Full Article...]

Huawei leveled with 23 criminal charges by the USA government, including theft

Huawei leveled with 23 criminal charges by the USA government, including theft Furthermore, they say Huawei stole telecommunications technology, trade secrets and equipment from US cellphone provider T-Mobile USA, acting Attorney General Matt Whitaker told a news conference Monday. The US said it would proceed with her formal extradition , a move certain to ratchet up tensions with China. Washington has said it wants to try Meng on the allegations because, in her posi... [Full Article...]

UK & Switzerland commit to post-Brexit insurance terms

UK & Switzerland commit to post-Brexit insurance terms The aviation giant's relationship with the European Union has itself been under scrutiny recently, with the World Trade Organization previous year ruling the firm received improper subsidies from the bloc after the USA argued it had given $22 billion in state aid to help launch the A380 and A350 jets. [Full Article...]


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