Business


Trump holds out possibility of extending U.S.-China trade truce Trump holds out possibility of extending U.S.-China trade truce
- December 04, 2018

While it remains to be seen if Washington and Beijing can iron out their trade differences, it would be beneficial for both sides' energy sectors to at least reach some sort of deal that would allow the free trade of energy between the two super powers. (more...)
Xi open to blessing Qualcomm-NXP deal Xi open to blessing Qualcomm-NXP deal
- December 04, 2018

With NXP being the biggest supplier to the industry, Qualcomm could be forced to reopen the deal amidst a grim outlook for the mobile chip industry in the coming months. Qualcomm has already embarked on a plan to return the money it would have used to fund the NXP purchase through a $30 billion stock repurchase plan and more than $20 billion in share buybacks. (more...)
SA claws its way out of recession with 2.2% GDP growth SA claws its way out of recession with 2.2% GDP growth
- December 04, 2018

The median estimate of economists surveyed by Bloomberg was for growth of 1.9 percent. Manufacturing expanded 7.5%, agriculture grew 6.5%. The GDP measures the total output of the economy. Additionally, the trade industry - particularly wholesale, retail and food and beverages - and catering and accommodation increased by 3.2%. The largest negative contributors to second-quarter GDP growth were the agriculture industry, which plunged 29.2 percent, followed by the transport industry, which ... (more...)
5.1 million lbs. of beef added to salmonella recall 5.1 million lbs. of beef added to salmonella recall
- December 04, 2018

More than 12 million pounds of raw, "non-intact" beef products ― a label that includes ground beef ― are now covered by the recall, which was first issued October 4. Between Aug. 5 and September 6, there were 57 cases of salmonella illness reportedly linked to this outbreak. The process can take four weeks or more. (more...)
Alberta announces short-term oil production cuts to address price differential Alberta announces short-term oil production cuts to address price differential
- December 04, 2018

Western Canadian Select, or WCS, has been trading at a discount of more than $40 a barrel to the USA oil price benchmark, WTI, because the country is now producing 190,000 barrels per day (BPD) more oil than its pipeline system can handle . (more...)
Quora hit by security breach, 100 million users affected Quora hit by security breach, 100 million users affected
- December 04, 2018

D'Angelo said the company is notifying users who may have been affected by the breach and invalidating their account password as a precaution. What's more, there have been some reports that Quora was creating profiles for users based off their linked accounts without their knowledge. (more...)
UBS approved for majority stake in China UBS approved for majority stake in China
- December 04, 2018

USB, which now owns about 25 percent of shares in the USB Securities Co Ltd joint venture, said in a statement that it would acquire stakes from China Guodian Capital Holdings Ltd (國電資本控股) and COFCO Group (中糧國際). Earlier this week, the European insurance giants Allianz and Axa received approval to expand their footprint in China. A greater stake in UBS Securities Co. (more...)
Tumblr to Ban All Adult Content Tumblr to Ban All Adult Content
- December 04, 2018

After Dec. 17th, any new explicit posts will be flagged and deleted by algorithms. Tumblr's chief executive, Jeff D'Onofrio, said that as the site has grown, its responsibilities to "different age groups, demographics, cultures, and mindsets" have increased and it has now made a decision to remove all adult material from 17 December. (more...)
Tesla autopilot blamed as driver found asleep at 70mph Tesla autopilot blamed as driver found asleep at 70mph
- December 04, 2018

To stop the vehicle, police had to clear all the traffic away from the Tesla using one squad auto, while another drove in front of the Model S and gradually started to slow down until coming to a complete stop. Tesla drivers must keep their hands on the wheel when the vehicle is on Autopilot mode. "We can not confirm at this time if the "driver assist" feature was activated but considering the vehicle's ability to slow to a stop when Samek was asleep, it appears the "driver assist" ... (more...)
George H.W. Bush's Service Dog Stays By His Casket
- December 04, 2018

George H.W. Bush is set to embark on his final tour of Washington as a nation prepares to bid farewell to its 41st president . "Now we've got a serial liar and womanizer as president , a draft dodger surrounded by a bunch of corrupt crocodiles". (more...)
YouTube top earners: The seven-year-old making $22m YouTube top earners: The seven-year-old making $22m
- December 04, 2018

Forbes measured pre-tax earnings from 1 June 2017 to 1 June 2018, without fees for agents, managers and lawyers being deducted. Asked by NBC why kids liked watching his videos, Ryan - who is now eight - replied: "Because I'm entertaining and I'm amusing". (more...)
G-20 agrees on trade, migration, US goes own way on climate G-20 agrees on trade, migration, US goes own way on climate
- December 03, 2018

In addition to tariffs on Chinese goods, Trump has imposed tariffs on steel and aluminum imports into the U.S. this year. Macron and British Prime Minister Theresa May both said they had pressed Saudi Crown Prince Mohammed bin Salman for global involvement in investigating the October murder of dissident Saudi journalist Jamal Khashoggi at the country's consulate in Istanbul. (more...)
Hindustan Unilever board approves merger with GlaxoSmithKline Consumer Healthcare India Hindustan Unilever board approves merger with GlaxoSmithKline Consumer Healthcare India
- December 03, 2018

British pharmaceutical group GlaxoSmithKline announced two multi-billion-dollar deals on Monday - the sale of its Asian health drinks unit to Anglo-Dutch food giant Unilever and the purchase of United States cancer specialist Tesaro . (more...)
Amazon 'testing cashierless technology for bigger stores' Amazon 'testing cashierless technology for bigger stores'
- December 03, 2018

Amazon is reportedly considering using the technology in its Whole Foods stores, the supermarket chain it bought past year. Amazon has previously said it has no plans to add the technology to Whole Foods. It also has lowered prices for Amazon's Prime members. It is not known where or when it will be opening its first United Kingdom cashierless store. Amazon's cashier-less shopping tech could come to a full supermarket. (more...)
Ted Baker shares sink after staff petition against 'forced hugs' culture Ted Baker shares sink after staff petition against 'forced hugs' culture
- December 03, 2018

The firm says a "thorough independent investigation" will be conducted into the allegations, which it disputes. The petition claims that attempts to resolve the issue with the company's human resources department have unsuccessful stating, "Harassment at Ted Baker is well documented but wilfully ignored by those in charge", the petition says. (more...)
US, China put brakes on their trade dispute with ceasefire US, China put brakes on their trade dispute with ceasefire
- December 03, 2018

Sound China-U.S. relations, Xi said, are in line with the fundamental interests of the two peoples and the broad-based expectations of the global community. "While we hope that talks with China will achieve meaningful results for USA workers, we urge you to not back down for the sake of a weak and meaningless agreement should China fail to make real concessions", the Democrats wrote. (more...)
Alberta government imposes oil production cuts for province
- December 03, 2018

The cut by the world's fifth-biggest producer follows a renewed commitment over the weekend by Saudi Arabia and Russian Federation to extend their deal to manage the oil market. The move is not unprecedented - in 1980, Tory premier Peter Lougheed forced oil production cuts to protest the federal Liberals' national energy program. (more...)
Oil and gas stocks advance as crude prices rise
- December 03, 2018

Meanwhile, oil producers in the United States continue to churn out record amounts of oil, with crude output at an unprecedented level of more than 11.5 million bpd. The meeting between Trump and Xi has lifted sentiment according to Mr Rodda. Crude oil has not been included in the list of hundreds of products each side has hit with tariffs, but traders say the positive sentiment of the truce was lifting crude markets. (more...)
Qatar pulls out of Opec oil producers' cartel Qatar pulls out of Opec oil producers' cartel
- December 03, 2018

The state petroleum agency that reported the news said that the body had been informed of the move. Al-Kaabi said that Qatar chose to pull out this calendar year as to not be an OPEC member in 2019 and that it is not related to the blockade of Qatar by OPEC countries Saudi Arabia and the United Arab Emirates ( UAE ) and non-OPEC countries Egypt and Bahrain . (more...)
Alberta orders oil production cut to deal with price differential
- December 03, 2018

West Texas Intermediate futures rose as much as 5.1 percent Monday morning in Asia. Even after that gain, Western Canada Select crude was trading for $29 a barrel less than US benchmarks. Mandel said the NDP decision was several months too late. Notley said Canada's economy is losing $80 million Canadian (US$60 million) a day. The province expects the curtailment to affect about 25 producers. (more...)
FedEx driver praised for rescuing American flag FedEx driver praised for rescuing American flag
- December 03, 2018

The video footage went viral after Cook and WJZ posted it, prompting thousands of reactions and dozens of comments on Facebook . Cook's story went viral, capturing the attention of Mike King, the Marine behind the random act of kindness. (more...)
Notley to announce next steps for dealing with Alberta oil backlog Notley to announce next steps for dealing with Alberta oil backlog
- December 03, 2018

Cenovus Energy proposed the idea of a production cut last month and the idea is being supported by opposition politicians in Alberta, including United Conservative Party leader Jason Kenney. A production cut was first proposed by the Alberta Party on November 17. The growth forecast for this year was cut to 2.5 per cent from 2.7 per cent. (more...)
Trump will terminate NAFTA to press Dems into approving new trade deal Trump will terminate NAFTA to press Dems into approving new trade deal
- December 03, 2018

Speaking to reporters aboard Air Force One while returning to Washington from Argentina, Trump said: "I will be formally terminating Nafta shortly". "It's been a disaster for the United States", said Trump, who insisted that the North American Free Trade Agreement, in place for almost a quarter-century, was a killer of American jobs. (more...)
Employees Urge Google Not To Launch Censored Search Engine In China Employees Urge Google Not To Launch Censored Search Engine In China
- December 03, 2018

It was discussed that Google would blacklist certain search queries that the government didn't like people knowing about, while search queries would also be tied to user's phone numbers , the report said. The human rights group say that the move would 'set a risky precedent for tech companies enabling rights abuses by governments'. She said she would match donations up to $100,000 for a "mutual support fund". (more...)
Japan and France's feud over Renault-Nissan power balance grows Japan and France's feud over Renault-Nissan power balance grows
- December 02, 2018

His first 10 days in custody expires at the end of Friday. NHK said that Kelly told investigators that he had discussed the plan with other executives at Nissan. Macron, whose government has repeatedly pressed Japan to share evidence unearthed by Nissan's internal investigation into Ghosn, "restated his firm wish that the alliance should be preserved, along with the stability of the group", an Elysee official said after Friday's meeting with Abe. (more...)

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