Business


Third Canadian detained in China Third Canadian detained in China
- December 20, 2018

A third Canadian was detained in China, Global Affairs Canada confirmed to Global News Wednesday morning. A few days later one Canadian national , a former diplomat named Michael Kovrig , was detained, followed soon by another Canadian , Michael Spavor , the founder of a non-profit that organizes trips and cultural exchanges with North Korea. (more...)
Drones suspend flights at Gatwick Airport in UK Drones suspend flights at Gatwick Airport in UK
- December 20, 2018

The Civil Aviation Authority's "Drone Code" says users must not fly their remote-controlled aerial devices near airports or airfields, or close to aircraft. Meanwhile, one wrote: "A tour of every London airport? Apparently flying back to Gatwick "once it opens". Gatwick airport has announced all inbound and outbound flights are suspended while investigations are being carried out. (more...)
Nio premiers latest electric SUV ES6 in Shanghai Nio premiers latest electric SUV ES6 in Shanghai
- December 20, 2018

Going up in the higher-end trims, one will reach the 62MPH mark within 4.7 seconds having ranges between 267 miles and 317 miles based on battery choice, reported sources. Nio has designed its cars from the beginning to allow for quick battery swaps and opened its first of 18 battery-swap stations in China last May. (more...)
Markets Right Now: Another steep drop pulls Dow down 500 Markets Right Now: Another steep drop pulls Dow down 500
- December 19, 2018

Currently, the Dow's 50-day moving average stands at 25,173.14, compared against its 200-day average at 25,083.23, according to FactSet data, as of Friday's close of trading. Monday also brought additional criticism of the Fed from Donald Trump, saying that it was "incredible" the body might even consider a rate increase. (more...)
Facebook Gave Microsoft, Amazon, Netflix Unrestricted Access To User Data Facebook Gave Microsoft, Amazon, Netflix Unrestricted Access To User Data
- December 19, 2018

One of the major revelations in the report was that some partners, such as Spotify, Netflix, and the Royal Bank of Canada, were allegedly able to access users' private messages - including the ability to read, compose, or delete messages, according to The Times . (more...)
Czech Republic warns against the use of Huawei’s 5G equipment Czech Republic warns against the use of Huawei’s 5G equipment
- December 19, 2018

The company has repeatedly denied the allegations. Both Kovrig and Spavor are being investigated on suspicion of endangering China's state security, the Chinese government has said. They are launching a security centre in Bruseels in Q1 2019 as part of a long-term plan to expand cooperation with other governments around the world. (more...)
Elon Musk unveils subterranean tube for avoiding Los Angeles traffic Elon Musk unveils subterranean tube for avoiding Los Angeles traffic
- December 19, 2018

Elon Musk , co-founder and chief executive officer of Tesla Inc., arrives in a modified Tesla Model X electric vehicle during an unveiling event for the Boring Co. Guests-including officials from other cities that might one day hire Boring Co.to build longer versions of the tunnel, as well as Tesla owners and various other party-goers-quaffed cocktails named after tunnel-boring machines, noshed on hot dogs and stood in line to take rides. (more...)
Gender equality at work more than 200 years off: WEF Gender equality at work more than 200 years off: WEF
- December 19, 2018

Here are the top 10 most gender-equal countries. Japan's ranking in the Global Gender Gap Index for 2018 nudged up to 110th among 149 nations from the previous year's record low of 114th among 144, but women's political and economic participation remained poor, according to the Swiss-based World Economic Forum (WEF) think tank. (more...)
Family-owned company surprises employees with $4 million in holiday bonuses Family-owned company surprises employees with $4 million in holiday bonuses
- December 19, 2018

The owner and chairman of FloraCraft, Lee Schoenherr, told a group of 200 employees that they would be receiving a share of $4 million. "This idea has developed over the past year and is my way of saying thank you to our team for the role they have had in our success", Schoenherr, who has led the company since 1973, said in the release. (more...)
Brent touches $57.20 on fears of oversupply Brent touches $57.20 on fears of oversupply
- December 19, 2018

Both contracts are down a third consecutive session with the selling being primarily driven by concerns over the global supply glut and forecasts of increased shale production in the United States. Inventories at the US storage hub of Cushing, Oklahoma, delivery point for the oil futures contract, rose more than 1 million barrels from December 11 to 14, traders said, citing data from market intelligence firm Genscape. (more...)
How does federal judges' health insurance stack up? How does federal judges' health insurance stack up?
- December 19, 2018

Based on just those two issues, Judge Reed O'Connor ruled the entire law is unconstitutional. O'Connor's ruling revolved around the individual mandate. The U.S. Department of Health and Human Services said in a statement that it will continue to uphold the Affordable Care Act until the courts reach a final decision. (more...)
Florida man tries to pay for McDonald's with marijuana Florida man tries to pay for McDonald's with marijuana
- December 18, 2018

Sunday and offered them pot in exchange for food , according to the Port St. Lucie Police Department . Police said the McDonald's employee refused and Gallagher drove away. Police searched Gallagher's vehicle - which had a surf board sticking out the rear window - and found more marijuana in the center console. Gallagher reportedly told police he offered to exchange marijuana for the food as a joke. (more...)
Federal Reserve expected to hike interest rates Wednesday Federal Reserve expected to hike interest rates Wednesday
- December 18, 2018

Zero interest rates were introduced during the recession. The idea, some analysts say, is that the Fed may want to pause in its credit-tightening to assess how the economy fares in the coming months in light of the headwinds it faces. A Fed spokeswoman declined to comment on Mr. Trump's statement Monday. Amid brisk economic expansion after a decade of steady job growth, USA unemployment is flirting with a 50-year low, but the U.S. (more...)
Google halts plans for censored Chinese search engine, report says Google halts plans for censored Chinese search engine, report says
- December 18, 2018

The report found that Google employees, working on the Dragonfly project, "had been using a Beijing-based website to help develop blacklists for the censored search engine ". A source familiar with the matter told Fox News that has the company has worked on the project and privacy engineers have been brought in, any final launch would be "contingent on a full, final privacy review but", but the company has not yet gotten to that point. (more...)
Xi warns no one can 'dictate' China's path Xi warns no one can 'dictate' China's path
- December 18, 2018

President Xi Jinping said China would stick to its policy agenda, despite pressure from the US and others to allow more competition in its economic system and reduce support for state industry. This time around, Xi spared no praise for Deng, as he began by remarking on the significance of 1978 - the year Deng implemented his first reforms. (more...)
Netflix And Steal? Police In Ohio Warn Of Netflix Phishing Scheme Netflix And Steal? Police In Ohio Warn Of Netflix Phishing Scheme
- December 18, 2018

There is then the option to "update account now". If you receive a message from this address (or an address that looks like it), and aren't sure if it's trustworthy, you can always go to Netflix and reach out to customer service about the problem directly. (more...)
Pedestrians rush to grab money 'falling from the sky' in Hong Kong Pedestrians rush to grab money 'falling from the sky' in Hong Kong
- December 18, 2018

When asked why he did it, Wong paused to think, and said: " Don't blame it on me, I also don't know why money could fall from the sky ". According to the South China Morning Post , the man shown in the video is thought to be Wong Ching-kit, the owner of Epoch Cryptocurrency , a Facebook page that promotes digital money. (more...)
California texting tax: California withdraws controversial plan to tax text messages California texting tax: California withdraws controversial plan to tax text messages
- December 17, 2018

Peterman has withdrawn from the CPUC's January 10, 2019 Voting Meeting" the proposal that would've added the tax. The Federal Communications Commission last week classified messaging as an information service rather than a telecommunications service. (more...)
ICBC seeks 6.3 per cent hike in basic insurance rates ICBC seeks 6.3 per cent hike in basic insurance rates
- December 17, 2018

In January, Eby described the state of ICBC as a "financial dumpster fire", and warned drastic changes would be necessary. The provincial budget forecast a $1.3-billion deficit at the Crown corporation this year. "These costs have been spurred by increased injury-claim legal representation, larger payouts and the rise in large and catastrophic injury claims". "The changes being made at ICBC today are arguably the most substantial in the corporation's long history and to the auto insurance ... (more...)
Bloodhound supersonic vehicle project rises once more Bloodhound supersonic vehicle project rises once more
- December 17, 2018

Ten days ago, administrators said that efforts to secure an investor had failed and the project would be scrapped. "The development comes two weeks after administrators FRP Advisory announced it had been unable to find a buyer and the business's assets would be sold". (more...)
Mississauga and Markham say 'no' to retail cannabis stores Mississauga and Markham say 'no' to retail cannabis stores
- December 17, 2018

On Wednesday, the City of Mississauga decided at its Council meeting that it will opt out and not allow privately-operated cannabis retail stores. Bradley said he is concerned there's no rezoning process for cannabis stores - the AGCO stipulates what they can sell, when they can operate, and that they must be 150 metres back from any school. (more...)
Lincoln Continental Coach Door Edition gets the slammers it should have always had Lincoln Continental Coach Door Edition gets the slammers it should have always had
- December 17, 2018

Cabot slices the Continental in half just aft of the B-pillar and adds 6 inches to the frame to lengthen the Continental's wheelbase. During a four-week process, Cabot will cut the cars and taffy pull them by six inches, space that was apportioned entirely to the rear compartment. (more...)
Tata-owned JLR to cut 5000 jobs in 2019 Tata-owned JLR to cut 5000 jobs in 2019
- December 17, 2018

The company reported revenues of 5.6 billion pound and a pre-tax loss of 90 million pound, mainly reflecting lower sales. The carmaker, which is Britain's largest, with 40,000 staff, has already cut 1,000 contractor jobs in Solihull, where Range Rovers and the Land Rover Discovery is built. (more...)
Google reveals plan for $1B NY expansion with new campus Google reveals plan for $1B NY expansion with new campus
- December 17, 2018

Google said it would lease a large office building at 550 Washington St.in the West Village neighborhood and make it the centerpiece of its new 1.7-million-square-foot Hudson Square Campus. Google plans to double the number of its employees in NY to around 14,000 over the next 10 years, Porat wrote on Monday. "Today we're taking the next step in our commitment to our New York City presence by investing over $1 billion in capital improvements to establish a new campus, Google Hudson Square". (more...)
Parrot uses Alexa to try and order items, play music from Amazon Parrot uses Alexa to try and order items, play music from Amazon
- December 17, 2018

African grey parrots are known for their exceptionally high intelligence and mimicking skills. This is not the first time that the parrot has gotten into trouble for his antics. Marion Wischnewski, an employee of the sanctuary, then brought Rocco to her home in Oxfordshire. Wischnewski also mentioned about times when she reached home to find Rocco playing some romantic music on Alexa-powered device. (more...)

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