Sunday, 17 February 2019
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All inbound flights to Charlotte Douglas airport held Sunday morning, sources say


ET. According to American Airlines , the delay, which began around 8 a.m. and ended at 10 a.m., was due to technical issues with their regional carrier PSA. A technical issue has grounded flights on American Airlines' regional carrier PSA Airlines for the second time in less than a week. This includes extended concession and checkpoint hours, additional aviation department support staff and making available emergency supplies to travelers including diapers, wipes and formula, blankets ... Read More »

Trump Told Apple CEO iPhones Will Be Spared From China Tariffs


Dr Oliver said the first round of tariffs hit just 2 per cent of U.S. imports. The Australian dollar , often seen as a proxy to China-related trades, brushed a one-year low of US$0.7381. "If the United States loses its senses and publishes a new list, China will be forced to take comprehensive measures that are both strong in quantity and gravity and will fight back", it read . Read More »

China calls for calm as trade row wipes out 2018 Dow gains

Let's be clear: It's the most predatory economic government that operates against the rest of the world today. The company eventually chose to pull out of China, but still can not sell all its units and continues to rack up losses. The new United States tariffs take what had been a trade spat that appeared to be calming to the next level. "Retaliation has to be done, if you don't retaliate you lose even more, so that's why you have a trade war", said Yukon Huang, a senior fellow at the ... Read More »

Microsoft employees demand cancellation of contracts with ICE


In the blog post, Microsoft says its technology can help the agency, which is responsible for border control, customs, trade and immigration, "accelerate facial recognition and identification". While Microsoft didn't tackle the subject of its cloud platform being used by the ICE, it was fairly adamant that Azure isn't being used to facilitate the rather nasty and dystopian activities of the ICE. Read More »

Dunkin’ Donuts sign discouraging foreign languages removed after outcry


After outrage broke out online, the sign was taken down. A local Baltimore Dunkin' Donuts promised their customers a free pastry and coffee if they snitch on employees speaking in a foreign language. However, there are also several customers in support of the sign, saying it addresses a real problem at that store. "They're kind and courteous and do their job", Reagan Greenberg , a customer, told WBAL TV . Read More »

President Trump Urges New Tariffs On $200 Billion In China Trade

Trump's proposed new tariffs would amount to the latest round of punitive steps in an escalating dispute between the world's two largest economies. President Donald Trump on Monday threatened an all-out trade war with China by announcing the possibility of tariffs on an additional $200 billion worth of Chinese goods. Read More »

Musk emails staff alleging employee 'sabotage'


According to the leaked email, his motivation was "that he wanted a promotion that he did not receive". Musk's statement addressed the fact that Tesla "has never made a profit in the nearly 15 years" since the company was founded, but highlighted that, along with Ford, it is the only USA vehicle company to never have been declared bankrupt. Read More »

ICICI Bank COO position seen as temporary: Jefferies


N.S. Kannan, now an executive director at ICICI Bank , is set to be the new CEO of ICICI Prudential Life, the bank said. According to the BS report, some of the board members are of the view that Kochhar should resume office after her leave so as to not cause any uncertainty among shareholders. Read More »

Trump threatens extra tariffs on US$200b of Chinese goods


American farmers export about $14 billion worth of soybeans to China each year and have been voicing concerns about what a trade war could do to their livelihoods. The fact that America imports more from China will make it harder for Beijing to match Trump's attacks, according to Derek Scissors, a resident scholar at the conservative American Enterprise Institute in Washington who focuses on China. Read More »

Merkel gets extra time to reach deal with European Union over asylum row


BAVARIAN BEEF Merkel has had an often-tense history with Seehofer, and their relationship became really hard after Merkel's 2015 decision to keep Germany's borders open as migrants streamed across the Balkans. A university study published earlier this year found that violent crime rose by about 10 percent in 2015 and 2016, with 90 percent of that crime attributed to young male refugees. Read More »

Asian stocks extend slide, yen up as Sino-US trade dispute escalates


The move came three days after Trump imposed tariffs of 25 percent on $50 billion in Chinese imports, in a move aimed at compelling Beijing to change a range of industrial policies the administration says disadvantage foreign companies. On Friday, I announced plans for tariffs on $50 billion worth of imports from China. The new U.S. tariff will be imposed if China goes ahead and implements its new tariff on American goods, announced last week, the White House said, adding that trade ... Read More »

China says will 'fight back firmly' if USA publishes additional tariffs list

President Trump on Monday proposed additional tariffs on another $200 billion worth of Chinese goods amid ongoing trade tensions between the two countries. "After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced", Trump said. Read More »

Google to invest $550 million in Chinese e-commerce giant


This could help expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets. The partnership could help keep an open channel to the USA and would give Google a foothold in China, where it's had trouble conducting business as most of its services are blocked because it won't censor results. Read More »

Audi Boss Rupert Stadler Arrested During Diesel Probe


VW's luxury subsidiary Audi has long faced suspicions that its engineers developed the software used in the scam. However both USA and German authorities have arreested several engineers including Porsche engine and development chief Wolfgang Hatz. Read More »

Audi CEO Rupert Stadler arrested in diesel emissions scandal


German automobile company Audi's CEO Rupert Stadler has been arrested on suspicion of fraud. Audi admitted to having used illegal defeat devices to manipulate its cars' emissions in November 2015; Stadler has been CEO since 2007. Cars sold in Europe by Volkswagen group were believed to be equipped with a software that automatically turned off emissions controls during driving, flouting several pollution control laws. Read More »

Audi CEO Rupert Stadler arrested in Germany over diesel scandal

The prosecutors' office recently widened its emissions cheating probe to include Stadler among the suspects accused of fraud and false advertising. "We confirm that Mr. emissions tests on diesel engines. Last month, it admitted that another 60,000 A6 and A7 models with diesel engines have emission software issues. Munich prosecutors had conducted searches at Stadler's private residence as a part of the probe concerning alleged fraud and indirect improprieties with documents. Read More »

Trump announces 25% tariff on Chinese imports


In an emailed statement , Mr Trump pledged additional tariffs if China follows through on the retaliation threats. United States tariffs that affect more than 800 Chinese products worth $34bn in annual trade are due to come into effect on 6 July. Read More »

McDonald's Ditching Plastic Straws Later This Year in US


Plastic straws can be seen at a McDonald's restaurant, after it was revealed that they are to replace their plastic straws with paper ones in United Kingdom and Ireland restaurants, in London, Britain, June 15, 2018. Britain now uses an estimated 8.5 billion a year, while the United States gets through more than 500 million a day, according to The Daily Telegraph . Read More »

Ether is not a security, top SEC official says


Immediately after the speech of Hinman was released, the price of Bitcoin and Ethereum spiked. At 05:41 UTC, it was trading at $514.65, still up by 10% from the previous afternoon. Discussing bitcoin and ethereum , Hinman explained that while both are decentralized, the former is strictly a mode of currency and not a lot to offer besides that. Read More »

European Central Bank says euro 'irreversible'


The ECB chief added that the Governing Council "stands ready" to make policy adjustments when necessary. The central bank moves, he said, are "another step on the way to removing the extraordinary global monetary stimulus over the last decade". Read More »

USA and China Officially in a Trade War over "Unfair Trade Practices"

Being penalized for succeeding in global trade is one more twist in a brewing worldwide trade war that comes as the president implements his "America First" trade policy, aimed in part at cracking down on what he said are China's unfair trade policies and its efforts to undermine USA technology. Read More »

Rolls-Royce to cut 4,600 jobs


Rolls-Royce has a 1 year low of $11.01 and a 1 year high of $13.29. Rolls-Royce has said it will take years to modify all the engines in service. The cuts, which represent 8.4 per cent of the company's 55,000 workforce, are Rolls-Royce's largest since October 2001 when the company shed 5,000 jobs in response to a downturn in the global economy after the September 11, 2001 terror attacks in the U.S., according to reports. Read More »

Simply Be and Jacamo owner weighs up store closures


Around 75% of the company's revenue is now generated online, while its stores only generated 2% of group revenue and posted a combined loss of £3m. Online sales were up 3% with revenue now generated from this channel accounting for 75% of total sales, up 5 percentage points year-on-year. Read More »

State News, Washington unemployment rate at 4.7 percent

Paul Turek, economist for the department, says in a written statement that gains "were widespread across industries with most adding jobs". The May unemployment rate was slightly lower than the April 2018 unemployment rate of 4.8 percent. "As such, even if the pace of job creation picks up again in the coming months, this excess slack and other structural forces are likely to prevent wage growth from increasing much". Read More »

Oil prices turn positive as U.S. crude inventories fall


Saudi production rose to 10.03 million barrels per day in May, in line with deal quotas, according to OPEC data. Demand for OPEC oil during the second half of the year is projected at 33.3 million barrels per day, down by about a half million barrels from the same period last year. Read More »

Wetherspoon to stop selling champagne ahead of Brexit


Wetherspoon , which has 880 pubs, will replace champagne with sparkling wines from the United Kingdom, such as from the Denbies vineyard, and Hardy's Sparkling Pinot Chardonnay from Australia. Among the UK-brewed beers to get a stocking boost are Blue Moon Belgian White, Thornbridge Versa Weisse Beer and SA Brains Atlantic White. Wetherspoon's will continue to serve Kopparberg cider from Sweden. Read More »

Volkswagen fined over diesel emissions scandal


The scandal, which came to light in the USA in 2015 after VW admitted to circumventing the emissions control system there for diesel vehicles sold since 2009, has so far cost the German automaker $4.3bn (£3bn) in federal penalties over there. Read More »