Business

Trump says he may cancel Putin meeting, White House warns Xi

Trump says he may cancel Putin meeting, White House warns Xi Trump is also set meet with Chinese President Xi Jinping over dinner this weekend, in what may be a pivotal session to determining if and how the ongoing trade dispute between their two countries could be resolved. Chinese officials responded with retaliatory tariffs on American goods. "I am conservatively optimistic that can be done", he added. Federal Reserve Vice Chairman Richard Clarida ... [Full Article...]

GM to slash 14K jobs in North America, could close 5 plants

GM to slash 14K jobs in North America, could close 5 plants General Motors is to lay off 14,000 workers in North America and put five factories up for potential closure as it stops making some of its unpopular cars. "It's obviously an extremely tough day for us but it is nevertheless important and exciting to be in a company that wants to lead in electric and autonomous and, like many industries that are transforming, if you don't take bold steps you risk... [Full Article...]

Climate report warns of grim economic consequences, worsening weather disasters in US

Climate report warns of grim economic consequences, worsening weather disasters in US The 13-agency consensus found in the second volume of the Fourth National Climate Assessment makes it clear the world is barreling toward catastrophic ― perhaps irreversible ― climate change. Farmers, traders and manufacturers could especially suffer from the varying effects of climate change, the most recent report reveals. Although the report suggests that no one is immune to the effects of cl... [Full Article...]

Skype calling arriving soon for Amazon Echo devices

Skype calling arriving soon for Amazon Echo devices Google devices have been able to call phone numbers for months now. To start using the services, the user needs to link Skype with their Alexa account and then follow the instructions mentioned below. It is worth noting that Skype calling with Alexa is available in India along with other countries including US, UK, Ireland, Canada, Australia and New Zealand. [Full Article...]

Frigid, Blustery Weather on Tap for Thanksgiving 2018

Frigid, Blustery Weather on Tap for Thanksgiving 2018 Some areas may experience temperatures 25 degrees below. If relatives and friends from out of town suddenly show up at your door, it's probably because this could be the coldest Thanksgiving period on record for the Northeast. It will be sunny and dry on turkey day. Snow is likely to start accumulating in Pennsylvania and slowly make its way across the New England area this week, dropping up... [Full Article...]

Spain to Challenge Brexit Deal Due to Gibraltar Issue

Spain to Challenge Brexit Deal Due to Gibraltar Issue Her remarks appeared mainly aimed at Spain, which has raised concerns about the treatment of Gibraltar in the proposed text, and France , which is leading calls for improved access to British fishing waters. Diplomats have suggested that they could add a suitable annex to the draft deal, but they want to avoid re-opening the deal to additional demands from other countries, El País adds. [Full Article...]

Crude oil prices test recent lows at start of holiday-shortened week

Crude oil prices test recent lows at start of holiday-shortened week Fiona Cincotta, senior market analyst at City Index, said yesterday: 'Fears of slowing global growth are fuelling concerns over global demand, just at a time when Saudi Arabia , Russia and the U.S. Potential sanctions from the European Union would come as the United States has granted waivers to some of Iran's oil customers, muting the policy's expected impact on global supplies. [Full Article...]

Protectionism 'Doomed To Failure': China's Xi Says In Swipe At US

Protectionism 'Doomed To Failure': China's Xi Says In Swipe At US Speaking after Xi, US Vice President Mike Pence told the summit that Washington will not change its approach until Beijing changes its own trade policies. The port city is effectively on lockdown with a heavy police presence and warships from the US, Australia and New Zealand patrolling offshore. Global leaders must promote free trade, Australian Prime Minister Scott Morrison said on Saturda... [Full Article...]

Tech stock sell-off pushes markets lower

Tech stock sell-off pushes markets lower Banks also took heavy losses. Eastern Time. The Dow fell 444 points, or 1.7 percent, to 25,544. The Nasdaq composite slid 178 points, or 2.4 per cent, to 7,228. Lumentum shares plunged 33 per cent. Shares of several chipmakers that sell to Apple, such as Cirrus Logic Inc, Qorvo Inc and Skyworks Solutions Inc, dropped as well. [Full Article...]

Work and Pensions Secretary Esther McVey resigns over May's Brexit deal

Work and Pensions Secretary Esther McVey resigns over May's Brexit deal Some critics have been heartened to see the PM ditch the "Chequers" proposals for a common EU-UK rulebook on trade and now want her to go further. David Davis (centre) listens to Boris Johnson speaking at a fringe meeting during the Conservative Party Conference. [Full Article...]

McConnell, Schumer re-elected as Senate party leaders

McConnell, Schumer re-elected as Senate party leaders In a notable generational handover Tuesday, a grinning Rep. Sander Levin, 87, dropped off his newly-elected son, Andy, 58, at a hotel near the Capitol where the freshmen are staying and attending orientation. "In sharp contrast to the GOP Congress, a Democratic Congress will be led with transparency and openness, so the public can see what's happening and how it affects them". [Full Article...]

Amazon announces new headquarters split between New York, Washington suburbs

Amazon announces new headquarters split between New York, Washington suburbs Plus, even though smaller cities didn't land Amazon HQ2 , Amazon did announce it would add 5,000 jobs at a new operations hub in Nashville, and has already added 6,000 jobs in numerous other 218 cities that did not make its list of the 20 finalists . [Full Article...]

China's Single's Day sales hit 1.4 bln United States dollars in first 2 minutes

China's Single's Day sales hit 1.4 bln United States dollars in first 2 minutes It is now the world's biggest online sales event and last year's total was more than Black Friday and Cyber Monday's totals combined, according to Bloomberg . Alibaba Group Holding Ltd .is looking beyond borders to turn its annual Singles' Day shopping celebration into a global phenomenon. Chinese workers carry goods from Singles' Day online shopping onto a "Fuxing" high-speed bullet trai... [Full Article...]

US's Bolton says more sanctions likely on Iran

US's Bolton says more sanctions likely on Iran Broader oil markets continue to see steady declines, and WTI barrels have fallen by 20% in barely sick weeks. Oil prices have come under downward pressure from rising supplies, even though Iranian exports are expected to fall because of new US sanctions. [Full Article...]

Sheriff: Marijuana Legalization Will Change The Face Of Michigan

Sheriff: Marijuana Legalization Will Change The Face Of Michigan Cannabis stocks, already bolstered by wins in the midterm elections, got an added boost when anti-pot Attorney General Jeff Sessions announced his resignation Wednesday afternoon. While branded Ontario Cannabis Stores have yet to materialize - they are expected in 2019 - Ontario residents looking to purchase government-sanctioned marijuana have done so online, a process complicated by Ontario... [Full Article...]

Amazon to split 'HQ2' base across two different cities

Amazon to split 'HQ2' base across two different cities Then the New York Times confirmed the WSJ's scoop and added that New York City and a suburb of Washington, D.C., would get the highly sought after offices. The Wall Street Journal broke the news over the weekend that Amazon entered into "late-stage talks" with three locations - Dallas, Texas; Arlington, Va.; and New York City. [Full Article...]

Trump says he’ll meet China’s Xi at G-20 meeting

Trump says he’ll meet China’s Xi at G-20 meeting White House economic adviser Larry Kudlow downplayed reports President Donald Trump may implement more tariffs on China as the two nations' trade battle escalates. "But China very much wants to make a deal", he said. News signaling improvements in US-China ties, in turn buoying the markets, would provide the president a chance to vie for support in midterm elections on Tuesday that will decide w... [Full Article...]

United States cuts off exports to Chinese chipmaker

United States cuts off exports to Chinese chipmaker The choice comes in the midst of claims that the state-sponsored organization has stolen protected innovation from U.S. chipmaker Micron Technology, as indicated by reports. A Commerce Department spokesman said the agency would review any appeal by Fujian Jinhua. "The additional production, in light of the likely USA -origin technology, threatens the long-term economic viability of US suppliers of... [Full Article...]

India jumps 23 places in global ease of doing business rankings

India jumps 23 places in global ease of doing business rankings India's ranking in dealing with construction permits-one of the 10 parameters the World Bank looks at-jumped to 52 from 181 previous year. As a result, the country significantly improved its global ranking in this area to 53, from 82 a year ago. [Full Article...]

Jewish doctors treated anti-Semitic Pittsburgh gunman after rampage

Jewish doctors treated anti-Semitic Pittsburgh gunman after rampage Cohen is Jewish and also a member of the Tree of Life synagogue that was attacked. Pittsburgh Mayor Bill Peduto was also invited but won't be appearing with Trump , the report added. "I don't know. I think some of it comes from the actions of the people around me", Cohen said. The letter was signed by the group's Pittsburgh steering committee and almost 43,000 members of the public,... [Full Article...]


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