Business


Intel announces Israel expansion government values at $10 bn Intel announces Israel expansion government values at $10 bn
- January 30, 2019

Kahlon tweeted, "We have been working on this for a year and here are the results: Intel's global management has informed us this evening about their decision to invest another NIS 40 billion in Israel". Intel chose to build a new factory after the Israeli government said it would offer round £800 million towards the project. The maker of all things Core and Pentium is a major industrial exporter from Israel, hitting $4 billion in 2018, up $500 million from 2017. (more...)
Fed likely to urge patience on rate hike Fed likely to urge patience on rate hike
- January 30, 2019

Morgan economist Michael Feroli said in a preview analysis of the coming Fed session. And with inflation remaining tame, the rationale to tighten credit has become less compelling. The economy was already expected to slow this year, given the belief by economists that the boost from President Donald Trump's tax cuts and billions in extra government spending would start to fade this year. (more...)
Harley-Davidson Reports Profits Wiped Out by Trump's Tariffs Harley-Davidson Reports Profits Wiped Out by Trump's Tariffs
- January 30, 2019

Without the costs of the tariffs, the company would have posted earnings of $0.17 per share, which was a big miss compared to the consensus estimate of $0.29 per share. The logo of US motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018. The Milwaukee brand just reported its results from the fourth quarter of 2018 and they aren't pretty. (more...)
Significant snow possible Monday evening into Tuesday
- January 29, 2019

About 5 to 10 cm of snow is expected to fall Sunday, and roads may become icy and covered in snow, the statement said. There is also the likelihood for blowing snow with the wind gusting to 50 km/h. Monday's high is -18 C, but it is expected to feel like -32 with the wind chill. The snowfall warning may have ended, but the snow doesn't appear to be going anywhere. (more...)
Brexit: Theresa May seeks backing for amendment calling for changes to backstop Brexit: Theresa May seeks backing for amendment calling for changes to backstop
- January 29, 2019

But he insisted: "What we need is to achieve something legally binding - and that means part of the Withdrawal Agreement". He said that the problem was the Irish backstop, which while supposed to be temporary "in practice we could be trapped in it for good". (more...)
U.S. gives opposition leader Guaido control over some Venezuelan assets U.S. gives opposition leader Guaido control over some Venezuelan assets
- January 29, 2019

Details of the sanctions are scheduled to be released shortly. At least 40 people are believed to have been killed in political violence last week, including 26 shot by pro-government forces, five killed in house raids and 11 during looting, United Nations human rights spokesman Rupert Colville said on Tuesday. (more...)
Faster Charging Than Tesla's Supercharger? Porsche Promises It For the Taycan Faster Charging Than Tesla's Supercharger? Porsche Promises It For the Taycan
- January 29, 2019

One thing that separates the Taycan from the conventional electric auto is its capability to charge at an extremely rapid rate. With a 350 kW, and the 800 volt technology that Porsche has used on the Taycan, drivers will be able to add more than 60 miles of range every four minutes. (more...)
Keyless cars unlock rich pickings for thieves Keyless cars unlock rich pickings for thieves
- January 29, 2019

More than 200 auto models that offer keyless entry are susceptible to theft, a report from British consumer group Which? has revealed. What can auto owners do? Hundreds of modern keyless cars - models that unlock and start automatically when the key is close by - are at risk of being stolen, according to a new report. (more...)
SEC also looking into Nissan and Carlos Ghosn, report says SEC also looking into Nissan and Carlos Ghosn, report says
- January 29, 2019

Nissan's ex-chairman Carlos Ghosn is facing charges in Japan of falsifying financial statements by under-reporting his compensation and of breach of trust related to his handling of investment losses and payments to a Saudi businessman. (more...)
Majority of Americans Think U.S. on Wrong Track, Poll Shows
- January 29, 2019

In a unusual twist of fate that must befuddle those who cheered Pelosi's hard line on the subject of the shutdown, refusing to budge even an inch on the border wall in order to force the president to re-open the government without concessions on the part of Democrats, Pelosi's favorables tanked during her standoff. (more...)
Dead, Hundreds Missing After A Dam Busted In Brazil Dead, Hundreds Missing After A Dam Busted In Brazil
- January 29, 2019

In a press conference on Saturday, which was translated into English by Vale, chief executive officer Fabio Schvartsman said the dam collapse "was a huge tragedy that took us completely by surprise ". The disaster has killed at least 65 people and left almost 300 missing, presumed dead. They are expected to join in the search and rescue work with Brazilian workers later. (more...)
Chinese trade talks resume in Washington Chinese trade talks resume in Washington
- January 29, 2019

At the most basic level, a dominant position in future high-technology industries, according to the U.S. Trade Representative's office. President Donald Trump announced Monday that the USA will welcome the Chinese trade delegation January 30-31 for talks on White House grounds. (more...)
Risk of imminent rupture at another Brazil mining dam Risk of imminent rupture at another Brazil mining dam
- January 29, 2019

Several others made similar complaints when interviewed by The Associated Press . Sonia Fatima da Silva, whose son had worked at Vale for 20 years, was trying to get information about him. Attorney General Raquel Dodge has promised to investigate and said: 'Someone is definitely at fault'. Vale started out in Minas Gerais - a rich state for mining, as its name declares in Portuguese - in 1942 as a state-owned company called Companhia Vale do Rio Doce. (more...)
United States charges Huawei with fraud for violating Iran sanctions United States charges Huawei with fraud for violating Iran sanctions
- January 29, 2019

Matthew Whitaker, the acting United States attorney general, said Huawei had attempted to evade sanctions against Iran by setting up a separate company called Skycom, which fraudulently conducted more than $100m (£76m) worth of transactions through the United States financial system over four years. (more...)
Nectarines, peaches, plums recalled over possible listeria contamination Nectarines, peaches, plums recalled over possible listeria contamination
- January 29, 2019

Listeria monocytogenes can cause a serious and sometimes fatal infection called listeriosis , which can be particularly deadly in pregnant women, young children, frail or elderly people and others with weakened immune systems. Affected nectarines and peaches were distributed to Market Basket locations in MA. More specifically, the fruits sold at ALDI come in a 2-pound bag with the brand Rio Duero; look for EAN# 7804650090281, 7804650090298, 7804650090304. (more...)
Venezuelan Opposition Calls For New Protests Venezuelan Opposition Calls For New Protests
- January 29, 2019

The country's foreign ministry issued a statement saying that far-left President Nicolas Maduro was suspending the expulsion of United States diplomats, to allow for a 30-day window to negotiate with American officials. Both Russia and China are major creditors of Venezuela. "The people of Venezuela believe in each one of you", Silva said, handing them the leaflets. (more...)
Majority of Americans Approve of Trump's Economic Policies, WSJ/NBC Polls Says Majority of Americans Approve of Trump's Economic Policies, WSJ/NBC Polls Says
- January 28, 2019

Asked what "word or short phrase" describes how they feel about the state of the country, 16 percent said "wrong track", 10 percent opted for "disaster/hard times", 8 percent said "parties undermining each other", while 9 percent said "positive" and only 4 percent said "right direction". (more...)
US Economy Lost More Than Trump's Border Wall Demand During Shutdown US Economy Lost More Than Trump's Border Wall Demand During Shutdown
- January 28, 2019

The lengthy shutdown, however, is already the most expensive one in US history, said USA Today, which listed shutdown costs including lost productivity from furloughed workers, loss of tax revenue, among others. An earlier S&P estimate had stated that the partial government shutdown would have only a "modest impact" on the economy and that it would only lose about US$1.2 billion of its GDP for each week the shutdown lasted. (more...)
Saudi government to inject $27 billion into flagging industrial sector Saudi government to inject $27 billion into flagging industrial sector
- January 28, 2019

For his part, al-Amoudi said that the NIDLP is one of the most important programs in the Saudi economy as it touches on all industrial sectors and logistics services. He described those projects as "ready for negotiations" and added that $50 billion in further projects related to the military, chemicals and small businesses would be announced at a later, though unspecified, date. (more...)
Fisherman reels in World War II-era hand grenade in Ocala Fisherman reels in World War II-era hand grenade in Ocala
- January 28, 2019

A Florida man caused an evacuation at a Taco Bell in Ocala this weekend after telling cops he drove there with a hand grenade he found while magnet fishing. The man called 911 to inform them of his discovery. A bomb squad responded, removed the grenade from the fisherman's truck and carted it off to dispose of it. (more...)
Tesco confirms 9,000 jobs at risk as supermarket breaks silence Tesco confirms 9,000 jobs at risk as supermarket breaks silence
- January 28, 2019

It confirmed around 90 stores would lose their counters, with the remaining 700 likely to have either the same or reduced hours. Tesco , Britain's biggest retailer, said on Monday it was making changes to its United Kingdom business that could impact up to 9,000 jobs. (more...)
Another Democrat urges Schultz not to run Another Democrat urges Schultz not to run
- January 28, 2019

Democratic presidential hopeful Julian Castro warned Sunday that an independent run by Schultz would mean President Trump winning reelection in 2020. And Democrats blame consumer advocate Ralph Nader for taking votes away from Democrat Al Gore in the 2000 election, allowing Republican George W. (more...)
Samsung Will Start Using More Sustainable Packaging Samsung Will Start Using More Sustainable Packaging
- January 28, 2019

Under the company's circular economy policy, Samsung Electronics has set a mid-term implementation plan to only use paper packaging materials certified by forestry initiatives by next year. Of course, any such packaging switch is only as effective as the green credentials of the materials you bring in to replace traditional plastics. That should be in place by 2020 for Samsung's packaging and manuals. (more...)
Dems urge ex-Starbucks CEO Howard Schultz not to run for president
- January 28, 2019

Castro like other Democrats fear that Schultz, who has described himself as a lifelong Democrat, would siphon off enough votes from the Democratic nominee to leave Trump with the most votes. I don't care if you're a Democrat, Independent, Libertarian, Republican. "And that is free health care for all, which the country can not afford", Schultz said. (more...)
Guaido calls for more protests as Maduro displays military might Guaido calls for more protests as Maduro displays military might
- January 28, 2019

Venezuelan opposition leader and self-proclaimed interim president Juan Guaido said on Saturday he had met with government officials to convince them of the need for new elections, after a lawmaker said a meeting took place this week. "Either you stand with the forces of freedom or you're in league with Maduro and his mayhem", the U.S. secretary of state told the United Nations security council. (more...)

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