Business


Treasurer Frydenberg rejects claim China coal ban is retaliation over Huawei Treasurer Frydenberg rejects claim China coal ban is retaliation over Huawei
- February 22, 2019

The Australian dollar was in the spotlight, sliding more than one percent after customs at China's northern Dalian port banned imports of Australian coal and said it will cap overall coal imports for 2019. "If the speculation is correct, then it shows the stakes for the 5G race are now higher for all parties". Diplomatic relations between the countries have been deteriorating since 2017, when Australian authorities accused China of interfering with its domestic affairs. (more...)
Alberta convoy rolls into Ottawa for rally at Parliament Hill Alberta convoy rolls into Ottawa for rally at Parliament Hill
- February 22, 2019

Grande Prairie-Mackenzie MP Chris Warkentin says the protestors made their voices heard on how they feel about the carbon tax and Bill C-69, which makes changes to how environmental assessment of energy projects are made, and Bill C-48, which bans oil tankers from B.C.'s northern coast. (more...)
Consumer Report drops Tesla Model 3 recommendation due to reliability issues Consumer Report drops Tesla Model 3 recommendation due to reliability issues
- February 22, 2019

In fact, social media complaints from Model 3 owners - which include battery malfunctions, computer-system failures, door handles that won't open, and body parts filling with snow and falling off - are often accompanied by comments such as "still love the vehicle". (more...)
Germany could potentially use Huawei devices for its 5G network Germany could potentially use Huawei devices for its 5G network
- February 22, 2019

It wasn't quite the briefing that I got about them (Huawei). The European Union must assess the risk of using Huawei's telecoms equipment despite the absence of evidence of spying by the Chinese company, EU digital chief Andrus Ansip said on Wednesday. (more...)
Alberta inks CBR deal with CN, CP Alberta inks CBR deal with CN, CP
- February 22, 2019

Premier Rachel Notley speaks on Friday, Jan. 25, 2019. Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. "That's why it was important to step up", she said. "They include the safest technology and meet the highest standards, including all recent changes to safety standards". (more...)
US & China start outlining deal to end trade war US & China start outlining deal to end trade war
- February 21, 2019

Beijing and Washington are pushing for an agreement by March 1 which could mark the end of a 90-day truce that US President Donald Trump and Chinese President Xi Jinping agreed to when they met in Argentina late previous year. Washington has repeatedly accused Beijing of stealing trade secrets, forcing foreign companies to hand over technology as the price of access to the Chinese market, and subsidizing its own tech companies. (more...)
Apple, Goldman Sachs to jointly launch credit card paired with iPhone Apple, Goldman Sachs to jointly launch credit card paired with iPhone
- February 21, 2019

Representatives for Apple and Goldman Sachs didn't immediately respond to requests for comment. Apple would also need to devote significant resources to ensure that the app integrations, which are the main perk separating this card from the store-brand credit cards offered by many major retailers, are at least on par with the myriad of personal finance tools available from other banks and third parties. (more...)
Walmart Baby Savings Day, Amazon February Baby Sale offer parents steep discounts
- February 21, 2019

The event will be held on Saturday from 10:30 a.m. until 4:30 p.m. Expecting parents can receive samples, coupons and discounts on vehicle seats, sippy cups, diaper bags, crib mattresses, and other common baby items from 10:30 a.m.to 4:30 p.m. (more...)
Elon Musk Praises Bitcoin, Says Elon Musk Praises Bitcoin, Says "Paper Money is Going Away"
- February 21, 2019

It seems that there is some merit to Ethereum as well, and maybe some of the others. Musk said he likes cryptocurrency for its fluid ability to route around trouble. However, he did not intend to get himself into the crypto industry. According to him, there is an automatic mechanism that suspends people trying to sell Bitcoin on Twitter and he was targeted by it. (more...)
Gove pledges protection for farmers in no-deal Brexit Gove pledges protection for farmers in no-deal Brexit
- February 21, 2019

Ms Batters said high tariffs for exporting to Europe could effectively mean there is no market for four-and-a-half million lambs, decimating farms from the uplands and the Welsh mountains to the lowlands. Concerns have been raised that trade deals could see a lowering of standards or cheap imports of foods such as chlorine-washed chicken or hormone-fed beef from the U.S. (more...)
Beware of using young people's blood to halt ageing, FDA says Beware of using young people's blood to halt ageing, FDA says
- February 21, 2019

Plasma is the liquid portion of the blood and it contains proteins that help clot blood. For example, a biotech company called Alkahest is now testing a plasma-derived product in Alzheimer's patients; a previous study from the company yielded mixed results . (more...)
London Gatwick airport drone operator may have been 'INSIDE JOB' London Gatwick airport drone operator may have been 'INSIDE JOB'
- February 21, 2019

The force has collected 130 witness accounts and made 1,100 door-to-door inquiries in the investigation into the illegal drone flights at Gatwick. The force was heavily criticised in the days following the incident after a couple were wrongly arrested then released without charge, before it said the drone may never have existed at all. (more...)
Oil near 2019 highs amid OPEC cuts, USA sanctions Oil&Gas 08:21 Oil near 2019 highs amid OPEC cuts, USA sanctions Oil&Gas 08:21
- February 21, 2019

Crude oil futures eased on Wednesday in light of the prospect of a continued boom in USA shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs. (more...)
CSO revises unemployment rate up to 5.7% from 5.3% CSO revises unemployment rate up to 5.7% from 5.3%
- February 21, 2019

The latest unemployment figures in the East of England are down to 91,000 which, at just 2.8% of the workforce, is the lowest rate in the UK . The CSO said this compares with an annual increase of 3% in employment in the previous quarter and an increase of 3.1% in the year to the fourth quarter of 2017. (more...)
Virgin Atlantic Boeing 787-9 Dreamliner flies faster than sound Virgin Atlantic Boeing 787-9 Dreamliner flies faster than sound
- February 21, 2019

Monday's record was above the speed of sound- which is 767 mph- however, whether air travel breaks the sound barrier is dependent on its airspeed, not ground speed. Although the boost didn't last for the entire flight, it did allow the commercial airliner to arrive at its destination a whopping 48 minutes early. (more...)
China's passenger auto sales decline 17.7% YoY in Jan China's passenger auto sales decline 17.7% YoY in Jan
- February 21, 2019

Japan is sputtering too, while volumes in other smaller markets aren't enough to offset the declines in the biggest sales regions. "Downward pressure is still there", Gu Yatao, a Beijing-based auto analyst with Roland Berger, said of China. (more...)
Airlines to offer more gender options for passengers in the near future Airlines to offer more gender options for passengers in the near future
- February 21, 2019

The airlines say they are making the change to be more inclusive in dealing with a diverse population of travelers. One of those is a requirement that a passenger's information for an airline ticket has to match what appears on that passengers travel form of identification. (more...)
French court hits Swiss bank UBS with €4.5 billion euros penalty French court hits Swiss bank UBS with €4.5 billion euros penalty
- February 20, 2019

The penalty French prosecutors are seeking is high by European standards, although in the United States judges have levied higher fines including the $8.9 billion a U.S. The French court ruling marks the culmination of a seven-year investigation and aborted settlement negotiations. "The charges of laundering the proceeds of tax fraud are without merit, as the predicate offence of an original tax fraud of French tax payers was not proven". (more...)
Google's new cloud boss just made his first acquisition Google's new cloud boss just made his first acquisition
- February 20, 2019

With this acquisition, Google Cloud also plans to expand its footprint in Israel. It's easier to win cloud business when it's easier for potential customers to move their data into your cloud, and Google thinks a startup called Alooma can help move that needle. (more...)
Payless files for bankruptcy, closing North American stores Payless files for bankruptcy, closing North American stores
- February 20, 2019

The company said it plans to launch liquidation sales immediately in the USA, and in the next few weeks in Canada. The company has 248 locations across Canada, employing 2,400, and court documents suggest they collectively lost $12 million U.S. (more...)
Supreme Court finds Anil Ambani guilty of contempt in Ericsson case Supreme Court finds Anil Ambani guilty of contempt in Ericsson case
- February 20, 2019

The top court refused to accept the unconditional apology tendered by Ambani , observing that he had taken a "cavalier attitude" towards orders it had passed. As the year ended, and with Ericsson ostensibly still not having received its dues, it filed a second contempt plea in January 2019, which led to today's judgement (February 20), holding Ambani and two other company directors in contempt. (more...)
United Kingdom clearing houses given reprieve in event of no-deal Brexit United Kingdom clearing houses given reprieve in event of no-deal Brexit
- February 20, 2019

The move comes with Parliament in deadlock over Brexit , having rejected in Prime Minister Theresa May's deal, and with just over a month to go until Britain's scheduled departure from the European Union on March 29. UK Finance said it was a "positive step" forward but said that risks still remained ahead of a potential no-deal Brexit. "We note that there is still no equivalence decision in relation to UK trading venues and a lack of clarity around EU27 client access to UK CCPs (central ... (more...)
But Why Would Canada Pay $1 Trillion For Montana? But Why Would Canada Pay $1 Trillion For Montana?
- February 20, 2019

The Change.org petition was started by a user named Ian Hammond for a group called "Christian Mothers Against Private Education", likely not a real group. There's even a clock calculating the rising debt at U.S. Debt Clock . Many added comments supporting the idea . More than 7,600 people have already signed the petition, which hoped to garner at least 7,500 total signatures, Fox News reports . (more...)
British regulator could block Sainsbury's-Asda deal British regulator could block Sainsbury's-Asda deal
- February 20, 2019

The regulator says that it has identified 600 local areas of concern and warned that its current view "is that it is likely to be hard for the companies to address the concerns it has identified". In a strongly worded statement, the competition authority said the merger would create a "substantial lessening of competition at both a national and local level". (more...)
Southwest Experiences Operational Emergency Southwest Experiences Operational Emergency
- February 20, 2019

According data from the flight tracking sight, FlightAware Friday, 100 southwest flights were canceled, and more than 1,000 were delayed ... more than any other USA carrier. "We will be investigating this current disruption and exploring all possible remedies", Van de Ven said. No such decleration was made in the days following the death of a Wells Fargo executive on a Southwest flight from Dallas to New York City in April 2018 as a result of an engine failure, they argued. (more...)

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