Economy

by | June 01, 2018 | 02:17

Beyond the supply of vehicles, FCA is also beginning discussions with Waymo about licensing the self-driving technology, including potentially for a vehicle FCA could sell to the public. The large order seems to indicate Waymo isn't delaying its plans for a commercial autonomous taxi service, despite recent fears over the safety of self-driving technology.

by | June 01, 2018 | 01:11

Tesla Model 3 production is finally beginning to pick up steam . Musk has been closely monitoring Model 3 production as the company faces tough questions about its ability to deliver the pending Model 3 order pipeline. While Musk's timeline might be accurate, it wouldn't be surprising to see those delivery dates pushed back to 2020 given Tesla's history of missing deadlines.

by | May 31, 2018 | 23:45

The prime minister also expressed his "strong concerns" regarding the USA threat to slap tariffs of up to 25 per cent on vehicle imports, given the integrated nature of the two countries' auto industries, his office said. However Trudeau reported no advances or concessions on the USA side. The latest round of talks comes ahead of Mexico's presidential election in July, and ahead of USA midterm elections in November.

by | May 31, 2018 | 23:44

However on the yearly basis, the Indian economy grew at 4-year low of 6.7 per cent in 2017-18, down from 7.1 per cent in the previous fiscal. However, it seems that the actual growth in Q4FY18 was better than expected. Finance Secretary Hasmukh Adhia said the constant increasing trend of quarterly GDP numbers indicates that the structural measures of reforms undertaken by the government are now bringing rich dividends in the form of higher GDP growth rate.

by | May 31, 2018 | 22:34

The recently launched Global 6500 jet and the renamed Global 7500aircraft set the standard with the longest range and the largest cabins in their respective classes-all while offering Bombardier's signature smooth ride. The Global 7500 program's innovative and industry-leading ground testing, combined with the extensive use of proven engineering tools and simulation, allowed for a very mature aircraft at the start of flight testing and an efficient flight validation program.

by | May 31, 2018 | 21:16

South Korea's Kospi advanced 0.6 percent to 2,423.01. Investors also reacted to more earnings from retailers. ENERGY: Energy companies rose as US crude oil climbed 1.6 percent to $67.81 per barrel in NY. Natural gas slid 0.6 percent to $2.89 per 1,000 cubic feet. Shares of energy companies were also led lower by a 1.9 percent drop in US crude futures on expectations that Saudi Arabia and Russian Federation could pump more crude to compensate for a potential supply shortfall.

by | May 31, 2018 | 22:02

The 1st of every month is the designated date of receiving salaries, all over the world. "At an operating level the banks are still making profits, just that they had to take a hit because of NPAs". The union of bank employees has called for two-day nationwide bank strike on May 30 and 31 to press for higher wage revision. Meanwhile, the All India Postal Employees' Union is also on an indefinite strike for more than 15 days, demanding immediate implementation the recommendation of the GDS ...

by | May 31, 2018 | 20:23

Citing several unnamed European and USA diplomats, the magazine said on Thursday that he told Macron in April he would stick to his trade policy for long enough until no Mercedes-Benz models were rolling down New York's Fifth Avenue. "Not too many , maybe none at all, you do not see anything over there, it's a one-way street", said the real estate billionaire. Among automobile manufacturers under attack are Daimler , Porsche , and Volkswagen .

by | May 31, 2018 | 20:25

The S&P 500 index rose 30 points, or 1.1 per cent, to 2,720. The Russell 2000 index of smaller-company stocks dipped 3.28 points, or 0.2 per cent, to 1,623.65. On the currency front, the USA dollar is trading at 108.82 yen compared to the 108.77 yen it fetched at the close of NY trading on Tuesday. Brent crude, used to price global oils, shed 49 cents to $75.00 a barrel in London.

by | May 31, 2018 | 19:51

The euro rallied further on Thursday as Italian parties renewed attempts to form a government, easing concerns about the wider impact of a political crisis in the euro zone's third-largest economy. Sources close to some of Italy's main parties said there was now a chance that President Sergio Mattarella could dissolve parliament in the coming days and send Italians back to the polls as early as July 29.

by | May 31, 2018 | 18:06

Negotiations on a further exemption for Canada had focused on agreeing to USA demands that NAFTA force auto makers to use more North American-made steel, the sources said. Trump gave temporary exemptions to the European Union and five other trading partners, giving them a chance to hammer out agreements with the U.S. Ross claimed the USA had used "every single public speaking engagement" to signal that "we're prepared to engage with the European Union".

by | May 31, 2018 | 17:55

This development comes just weeks after he left advertising giant WPP where he was the driving force. Since his exit from WPP, Sorrell vowed he would not retire from the industry and said he wanted to "reinvent" the traditional model of advertising.

by | May 31, 2018 | 18:15

Apparently people are much happier keeping their phones longer, rather than religiously buying the new model every six months, and have an increased tendency to go for SIM free devices rather than contracts. In the United Kingdom, the company claimed it was "making progress" in its contractual discussions with the mobile operators about improving business conditions.

by | May 31, 2018 | 18:42

Flights are to be launched on October 11 to Newark Liberty International Airport. Passengers can choose one of 67 business class or 94 premium economy seats. Singapore Airlines also promises that passengers will fly in comfort, thanks to "higher ceilings, larger windows, an extra wide body and lighting created to reduce jet lag", as well as the aircraft's carbon composite airframe, which will allow for optimized cabin altitude and humidity levels that will improve air quality for passengers.

by | May 31, 2018 | 17:19

Police were called to the hotel to cut the driver out of the wreckage, as onlookers were treated to the comical sight of the black soft-top Porsche squashed under another auto. The black Porsche, its hood and front bumper crunched and dented, was then backed onto a tow truck. He also said paramedics gave the valet the all-clear medically, and that the hotel's general manager assured the man everything would be all right (so maybe he won't lose his job after all?), thanks to the eighth wonder ...

by | May 31, 2018 | 16:03

Anxious that you or someone you know may be addicted to cryptocurrency day trading? If the answer to all of the above is yes, then you might be suffering from Cryptocurrency Addiction . In Piblhire, on the border of Scotland there is Castle Craig Hospital. Do I become restless or irritable if I try to cut down my screen time related to cryptocurrency? And various threads on Reddit openly discuss crypto addiction as well.

by | May 31, 2018 | 14:35

Gilliland wrote in the brief . Anant Maheshwari, president, Microsoft India, in a blog on the company's website, says that GDPR is a tectonic shift in the global privacy paradigm and it will herald a new era in consumer trust. Organisations should have systems in place to know exactly what data is being shared and with what objective. The software should be able to document what happened so that it is possible to assess the level of damage.

by | May 31, 2018 | 13:16

The FIR names Tony Fernandes, AirAsia India Director R Venkataraman, aviation consultant Deepak Talwar, Rajendra Dubey (director of Singapore-based HNR Trading), and unidentified public servants. In November 2016, AAIL had initiated criminal charges against its ex-CEO and had also commenced civil proceedings in Bengaluru for such irregularities.

by | May 31, 2018 | 12:49

The new boost will put employees well above California's minimum wage, which is $11 an hour. Restaurant analysts said that unlike retailers that have publicized wage increases above the minimum wage, fast-food restaurants tend to be operated by franchisees, making it trickier to set company-wide standards.

by | May 31, 2018 | 12:40

The company said today that shoppers in Australia will be redirected to its local site, Amazon.com.au, and that its worldwide sites, including Amazon.com, will no longer ship to Australian addresses. As a placation, Australian customers will also have access to 4 million products that were previously available only on Amazon.com through its new Global Store.

by | May 31, 2018 | 11:34

Amazon will block Australia-based customers trying to buy products on its overseas sites when the GST is applied to all imported e-commerce items in July. As a placation, Australian customers will also have access to 4 million products that were previously available only on Amazon.com through its new Global Store.

by | May 31, 2018 | 10:05

The European Commission's chief negotiator on Brexit , Michel Barnier, has shot down the ICO's suggestion that the United Kingdom have a seat at the decision-making table after the country leaves the Union. Britain wants the Brexit talks to be more constructive with less focus on sounds bites and anonymous briefings, a spokesman for Prime Minister Theresa May said, after the EU's Brexit negotiator urged the government to stop playing "hide and seek".

by | May 31, 2018 | 10:40

According to Bezos, only the light industries should be situated on the Earth whereas all kinds of heavy industries releasing harmful pollutants should be situated on the moon . No wonder Bezos' Amazon has recently jumped in to save The Expanse . Since the agency announced a draft solicitation for CLPS in April, NASA has hosted an industry day for prospective responders to talk about the agency's broad plans for lunar exploration , and encouraged US industry to respond for the first ...

by | May 31, 2018 | 11:22

The classic doughnut is raised with yeast, a cake-style doughnut is made without, and a cruller is been made from choux pastry piped and fried in a circle. Visitors will receive one bare, cinnamon sugar or powdered sugar doughnut with no purchase necessary, according to a news release. After all, it is National Doughnut Day.or is it Donut? Also, please note: All of the deals mentioned are at participating locations only and while supplies last.

by | May 31, 2018 | 10:53

In a statement, Sorrell said: "S4 Capital is a company that aims to build a multi-national communication services business focused on growth". The holding company owns leading advertising agencies such as JWT and Ogilvy & Mather, as well as public relations firms and market research agencies.

by | May 31, 2018 | 02:02

As CNBC noted today, Google first passed Microsoft in market cap six years ago, and has been ahead since 2015 when it created Alphabet as a parent company. The Redmond, Wash. -based company built its fortunes on selling Windows and Office software for PCs. Office commercial products and Cloud services revenue increased 14 per cent - driven by Office 365 commercial revenue growth of 42 per cent.

by | May 31, 2018 | 02:39

Tesla's ability to improve its cars with over-the-air updates "is unique, and highlights the company's leadership position", Ben Kallo, an analyst at Robert W. Tesla's Elon Musk responded, promising that a software fix could address the poor brake performance . Tesla shares jumped 3.4 percent to $293.50 at 1:32 p.m.

by | May 31, 2018 | 00:50

He's referring to the White House's export control pledge , and he has a point. The commerce ministry said earlier Wednesday that Beijing "has the confidence, capability and experience to defend the interests of Chinese people and the core interests of the country" - no matter what measures the USA plans to take.

by | May 30, 2018 | 23:34

However, its latest decision comes as carriers look for new sources of revenue in a competitive environment, while long-haul flights often make more cash than those that require stops. Flights will begin on 11 October and the route will initially be served three times a week on Monday, Thursday and Saturday, before daily operations get underway a week later.

by | May 30, 2018 | 19:48

De Beers new lab gems will sell for around $800 a carat. That quote cuts to the heart of DeBeers' problem, which could mean the end of its diamond days. The company's Element Six business, based in England, is the world's largest supplier of lab-grown diamonds for drilling, mining and semiconductors. De Beers, which nearly single-handedly created the allure of diamonds as rare, expensive and the symbol of eternal love, now wants to sell you some party jewellery that is anything but.

by | May 30, 2018 | 17:14

This isn't meant to be a long-term purchase. The Trans Mountain pipeline expansion, which would double the length of the 1,100-kilometre pipeline and almost triple the flow of oil to B.C.'s coast, is facing 14 legal challenges in the Federal Court of Appeal.

by | May 30, 2018 | 16:05

The yield on 10-year Italian government bonds increased significantly as investors, spooked by the political uncertainty , dropped them in favor of safer assets. Beijing meanwhile said it was ready to fight back if Washington ignited a trade war. MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.5 percent, while Japan's Nikkei average sold off as much 1.9 percent to hit a six-week low.

by | May 30, 2018 | 14:03

This should be seen as our message to the Centre. On Wednesday, oil prices dropped to about $75 a barrel after Saudi Arabia and Russian Federation announced their decision to relax restrictions on supply that had led to an increase in crude prices, Reuters reported.

by | May 30, 2018 | 07:38

It's available for both consumer and commercial vehicles, though at a considerable cost. The displays work similar to eBook readers. Some question whether they will allow police to track a driver's every move. The state legislature will evaluate them in 2020, and then the plates could be headed toward a street near you. Senate Bill 806 , signed into law on October 4, 2013, made way for the statewide pilot program, which caps the amount of vehicles allowed to try out the license plates on ...

by | May 30, 2018 | 05:59

The White House has gone back on its pledge to back down over tariffs on Chinese goods, announcing today that it will impose duties on $50bn-worth of goods. Trump had said that such changes could happen in a national security strategy issued in December. The White House accused China of placing outrageous levies and requirements on stuff exported from the States to the Middle Kingdom, for allowing Chinese organizations to rip off American technology or steal blueprints through corporate ...