Business


Robot in Amazon warehouse hospitalises 24 workers with bear repellent spray Robot in Amazon warehouse hospitalises 24 workers with bear repellent spray
- December 07, 2018

One woman who had been in critical condition was expected to be released Thursday. About 30 other workers were treated at the warehouse in Robbinsville. The Retail, Wholesale, and Department Store Union accused Amazon of " putting hard working people's lives at risk ", claiming the robot had put its human colleagues in "life-threatening danger" and pointing out that the long-term effects of being sprayed with a can of bear repellant are " unknown ". (more...)
The Cheesecake Factory is giving out free cheesecake today! The Cheesecake Factory is giving out free cheesecake today!
- December 07, 2018

Just enter "FREESLICE" at checkout. The delivery app will also be offering a $0 delivery fee on all Cheesecake Factory orders from December 5 to December 11. While the large group was forming, a fight reportedly broke out inside the restaurant. A spokesperson for DoorDash says the food delivery company is aware of the incident and cooperating with local law enforcement. (more...)
Southwest Airlines flight rolls off runway at California airport Southwest Airlines flight rolls off runway at California airport
- December 07, 2018

Passenger Moe Storch tweeted the Southwest plane from Oakland to Burbank appeared to hydroplane after it landed on the wet runway. Although the cause of the overrun has yet to be determined, the airport was reporting inclement weather conditions at the time of the event. (more...)
GM chief grilled by lawmakers over US production cuts, Mexico investment GM chief grilled by lawmakers over US production cuts, Mexico investment
- December 07, 2018

Asked if any more USA facilities were at risk of closing, Barra said GM "looked at what steps we needed to take to strengthen the company ..." "It's been very profitable to leave the United States and go to Mexico", Levin said of GM's expanded production of trucks and SUVs in Mexico. (more...)
Burger King Trolls McDonald's By Offering Penny Burgers Only While At McDonald's Burger King Trolls McDonald's By Offering Penny Burgers Only While At McDonald's
- December 07, 2018

A new Burger King marketing promotion known as the " Whopper Detour " is sending McDonald's customers to the nearest Burger King with the promise of 1-cent Whoppers. Here's how it works: "The Whopper Detour " campaign geofences 14,000 McDonald's locations across the U.S. from the new BK app. We're still on the fence about whether the new promotion is clever or downright freaky, but hey, a Whopper for one cent is a pretty good deal. (more...)
China promises prompt action on US trade pact China promises prompt action on US trade pact
- December 07, 2018

Trump's tariffs, for example, caused a well-documented scramble earlier this year to import Chinese products ahead of the new import taxes taking effect. Yet, the flow of fentanyl continued and fentanyl-related overdose deaths continued to climb. But as has been evident from his support of bloody-handed Philippine President Rodrigo Duterte, who has presided over a war on drug sellers and users that has left thousands dead, Trump has a fondness for the death penalty . (more...)
Yield curve inverts for first time in a decade Yield curve inverts for first time in a decade
- December 07, 2018

A typical yield curve includes much higher interest rates for maturities further into the future. But when investors are anxious that growth will fall off sharply, perhaps as a result of the Federal Reserve pushing short-term rates higher, they're willing to accept less in interest for a Treasury maturing far in the future. (more...)
Trump panel seeks higher postal rates for commercial shippers after Amazon criticism Trump panel seeks higher postal rates for commercial shippers after Amazon criticism
- December 07, 2018

Trump has repeatedly accused Amazon of taking advantage of its delivery partnership with the US Postal Service, with taxpayers shouldering the costs. The administration wants most commercial shippers, including companies such as Amazon and other retailers, to pay more to mail packages. The task force also recommended the Postal Service pursue cost-cutting strategies to address rising labor and operating costs, and have greater flexibility in determining delivery frequency. (more...)
World markets down after arrest of Huawei executive World markets down after arrest of Huawei executive
- December 07, 2018

The Huawei executive's arrest comes at a critical time for US-China relations. It also demanded Meng's immediate release . China's embassy said late on Wednesday that it firmly opposed what it called an unjustified arrest. US intelligence agencies allege that Huawei is linked to China's government and that its equipment could contain "backdoors" for use by government spies. (more...)
FCA to convert idled Detroit engine plant to build Jeeps, reports say FCA to convert idled Detroit engine plant to build Jeeps, reports say
- December 07, 2018

Automotive News confirmed the report through a source familiar with the company's plans. The news comes just a week after General Motors announced it would be idling plants in Detroit and Warren , laying off a total of 14,700 workers in North America. (more...)
BC government unveils its long-term climate action plan BC government unveils its long-term climate action plan
- December 07, 2018

Climate change minister George Heyman said efforts to electrify industry - including the oil and gas sector - are a big part of the government's climate change approach. "British Columbia is changing". Geoff Morrison of the Canadian Association of Petroleum Producers described the Clean B.C. plan as "credible" and said the association was encouraged by the government's commitment to providing the oil and gas industry with access to clean energy. (more...)
China and HK shares slump, tech leads losses after Huawei CFO arrest China and HK shares slump, tech leads losses after Huawei CFO arrest
- December 06, 2018

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business . U.S. stock futures took a sharp move downward, a sign that the global stock rout is set to continue amid heightened trade war fears after the US-led arrest of a Chinese executive. (more...)
What We Know About George H.W Bush's Funeral Services What We Know About George H.W Bush's Funeral Services
- December 06, 2018

Other details regarding the state funeral for former President Bush were revealed by his office Saturday. The elder Bush's final words before he died that night, according to NYT reporter Peter Baker, were "I love you, too", to his son. The church will also hold a second memorial service for the former president at 11 a.m. ET Thursday. Mayor Keisha Lance Bottoms issued a statement on the passing of President George H.W. (more...)
Bank of England's Carney hits back at critics of Brexit scenarios Bank of England's Carney hits back at critics of Brexit scenarios
- December 06, 2018

But he told lawmakers that the price of food could go up by 10% if Britain left the European Union with no deal and no mitigating arrangements to avoid chaos at the country's ports. "But what people will do is that if the price of something goes up more than something else, they will switch products". He branded Carney "a second-tier Canadian politician" who had politicised the Bank of England . (more...)
Putin: Success in Oil Production Cuts Due to Saudi Arabia Putin: Success in Oil Production Cuts Due to Saudi Arabia
- December 06, 2018

China in November resumed imports of USA crude oil, taking in one tanker at the end of last month, according to ship-tracking data, with another on order for delivery in January. So far, there is no clear view if production will be cut or remain steady, and that uncertainty raises the risk of more volatile trading after mass selling caused oil to drop by more than 30 percent in little over a month. (more...)
Trump asks Opec not to cut production Trump asks Opec not to cut production
- December 06, 2018

The U.S. pledge to bring Iran's oil exports down to zero did not materialize, and the market was left oversupplied, with oil prices plunging some 30 percent from the four-year-highs reached in early October. Trump has repeatedly accused the oil cartel of keeping prices artificially high. Trump wrote in a tweet ahead of the group's meeting this week to discuss possible cuts. (more...)
Huawei's chief financial officer arrested in Canada Huawei's chief financial officer arrested in Canada
- December 06, 2018

Meng served on the board of a Hong Kong-based Skycom Tech Co. Canada has arrested a senior staff member on Huawei's global executive team on suspicion she violated U.S. The US later replaced the ban with a fine and governance changes. In June, Canada's Globe and Mail newspaper reported that United States lawmakers warned the Canadian government that Huawei posed a major cybersecurity risk. (more...)
The best U.S. companies to work for The best U.S. companies to work for
- December 05, 2018

There were 28 tech companies that made the list overall, down from 29 previous year. Reviews are submitted by current and former employees. Jobs and recruiting site Glassdoor has announced its annual list of The 100 Best Places to Work in 2019 , based on employee reviews and ratings . (more...)
Audi e-tron replaces side mirrors with high-end cameras Audi e-tron replaces side mirrors with high-end cameras
- December 05, 2018

So far, Audi has no electric cars on the market, by contrast with its key competitor BMW, but the launch of the Audi e-tron SUV is planned before the end of this year. Audi is also reportedly working on an all-electric compact hatchback in the A3 size category, and which will be built on the VW Group's MEB platform for compact electric vehicles. (more...)
RBI maintains status quo, keeps repo rate unchanged at 6.5% RBI maintains status quo, keeps repo rate unchanged at 6.5%
- December 05, 2018

Moreover, the central bank had said in its October policy that a rate cut was off the table . SLR lowered to align with Liquidity Coverage Ratio: In order to align the SLR with the LCR requirement, the MPC chose to reduce the SLR by 25 basis points every calendar quarter until the SLR reaches 18 per cent of Net Demand and Time Liabilities (NDTL). (more...)
'Yellow Vests' Seek More Protests Despite Paris Suspending Fuel Tax Hike 'Yellow Vests' Seek More Protests Despite Paris Suspending Fuel Tax Hike
- December 05, 2018

They blocked several fuel depots and, on a highway near the southern city of Aubagne, commandeered a toll booth to let motorists pass for free near a sign reading "Macron dictator". Prime Minister Edouard Philippe announced a six-month delay in the fuel tax increase, which had been set to begin in January, and a freeze on electricity and natural gas prices until May. (more...)
This Market Indicator That Frequently Signals a Recession Just Flashed Red
- December 05, 2018

Adding to worries over the outlook for the global economy, the yield curve between US three-year and five-year notes, and between two-year and five-year paper inverted on Monday - the first parts of the Treasury yield curve to invert since the financial crisis, excluding very short-dated debt. (more...)
Stocks tumble amid China trade uncertainty Stocks tumble amid China trade uncertainty
- December 05, 2018

The Dow Jones Industrial Average plunged on Tuesday amid fears of an economic downturn, led by disappointing bank earnings and unresolved trade issues between the USA and China. Bush. The financials sector edged down 1.7 per cent. Bank of Montreal fell 3.5 per cent, after Canada's fourth-biggest lender reported fourth-quarter earnings, ending a mixed earnings season for Canada's biggest banks. (more...)
USA wants 'concrete' trade action from China within 90 days USA wants 'concrete' trade action from China within 90 days
- December 05, 2018

Furthermore, China agreed to start buying more agricultural products immediately - which presumably means scaling back some of its retaliatory tariffs, some of which had targeted Trump voters and more rural industries specifically. The US and China have been locked in a bitter trade war for several months with the two economic powerhouses sparring in a tit-for-tat slapping of sanctions on each other. (more...)
Australia house prices fall the most since global financial crisis Australia house prices fall the most since global financial crisis
- December 05, 2018

Headlining the November results, the CoreLogic hedonic home value index recorded its weakest month-on-month change in dwelling values since the Global Financial Crisis; national dwelling values slipped 0.7% lower in November, led by larger falls in Sydney (-1.4%) and Melbourne (-1.0%) where the pace of decline has accelerated over the past month. (more...)

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