Business


Tesla secures US$521m bank loan agreement to build China factory Tesla secures US$521m bank loan agreement to build China factory
- March 10, 2019

Settling the US$920 million convertible bond that matured March 1 taxed the company's balance sheet, which had about US$3.7 billion in cash and equivalents at year-end. Producing cars in China is can help the company minimize the effect of the U.S. -China trade war as well. Tesla has already lowered the price of eight of its cars in China - different versions of the Model S, X and 3 - as it looks to take on local rivals like Nio , BYD and BAIC BJEV. (more...)
USDCAD Soars After Bank of Canada Strikes Dovish Tone USDCAD Soars After Bank of Canada Strikes Dovish Tone
- March 10, 2019

The recalibration was made necessary by Statistics Canada's latest tally of gross domestic product, which shows the economy almost stalled in the fourth quarter. "Consumer spending and the housing market were soft, despite strong growth in employment and labour income", the statement said. A lot of economic data have been disappointing, including exports, investment and consumption. (more...)
Philadelphia bans cashless stores; will New York City do it next? Philadelphia bans cashless stores; will New York City do it next?
- March 10, 2019

Various countries, especially Scandinavian ones, are already preparing themselves to transition from a cash-heavy society to a completely cashless one. Additional publications say New Jersey is also attempting to banish cashless stores . Amazon Go stores have no cashiers and only accept digital forms of payment. (more...)
Toronto's first brick-and-mortar cannabis store has just been approved Toronto's first brick-and-mortar cannabis store has just been approved
- March 10, 2019

Catharines and The Hunny Pot Cannabis Co.in Toronto. CannSell has been chosen as the training program that all employees of privately run cannabis retail stores in the province will have to complete. Ontario awarded the rights to apply for the first 25 cannabis retail licences in a January 11 lottery that drew more than 17,000 expressions of interest. (more...)
Turbulance injures at least 25 on flight into NY Turbulance injures at least 25 on flight into NY
- March 10, 2019

The Port Authority of NY and New Jersey says Turkish Air flight 1 was travelling from Istanbul to NY when it encountered intense turbulence mid-flight and declared an emergency. The Port Authority spokesman says other airport operations were not affected. An emergency was declared after the Boeing 777 landed, with a dozen ambulances waiting at Terminal 1, but the Fire Department of NY said none of the injuries were life-threatening. (more...)
Aviva Ireland's operating profits rise by 15% Aviva Ireland's operating profits rise by 15%
- March 10, 2019

Pre-tax profit at the group rose 18 per cent to £476.2million in 2018, while turnover increased 11 per cent to £3.28billion. The company's general insurance net written premiums were roughly flat at £9.11 billion compared with £9.14 billion in 2017 and the general insurance combined operating ratio was stable at 96.6% in 2018, the statement said. (more...)
Mike Ashley aiming to exit Sports Direct and take over at Debenhams Mike Ashley aiming to exit Sports Direct and take over at Debenhams
- March 09, 2019

The company's stock jumped as much as 40% to 4.3p in early trading after the Sports Direct boss called for a clean sweep at the top of Debenhams and proposed installing himself as an executive. Despite management's disappointment, Debenhams investors reacted positively to the possibility of Ashley taking control of their company. Sports Direct already owns 29% of the shares in the department store chain. (more...)
Investors see cryptocurrencies as way to 'get rich quick' says FCA Investors see cryptocurrencies as way to 'get rich quick' says FCA
- March 09, 2019

The majority of those interviewed would talk about buying a " whole " Bitcoin without understanding that any digital asset can be divided into a myriad of smaller parts. Auto dealers are overcharging consumers who are buying vehicle on credit by over £1,000 on their interest payments, revealed a British financial watchdog. (more...)
Why is Airbnb diversifying by acquiring hotel booking service HotelTonight? Why is Airbnb diversifying by acquiring hotel booking service HotelTonight?
- March 09, 2019

In early 2017, Airbnb acquired Luxury Retreats for about $300 million, its largest purchase at the time. Last year, Airbnb added 4 new property types to its platform - Vacation Home, Unique Space, B&B and Boutique - with the intent of making it easier for different property types to list on the platform. (more...)
United Kingdom womenswear chain LK Bennett falls into administration — International Business United Kingdom womenswear chain LK Bennett falls into administration — International Business
- March 09, 2019

The company's Irish operation will not be affected as of yet however, as that comes under its worldwide arm which is not part of the administration process. Linda Bennett, who founded the firm, sold her majority stake in 2008. Bennett invested £11.2m into the company upon her return, according to recent available accounts. (more...)
Fire causes Montreal-Fort Lauderdale flight to make emergency landing at Newark Fire causes Montreal-Fort Lauderdale flight to make emergency landing at Newark
- March 09, 2019

However the airport said in a statement they were not related to the smoke. Flight TS942 took off from Montreal around 7:10 a.m. ET and landed safely in Newark, N.J., around 8:30 a.m. The terrified passengers followed instructions to crouch forward with their heads against the seat in front of them, she said. "We didn't know what was happening", she said. (more...)
Growth fears and Chinese equity plunge haunt global stocks Growth fears and Chinese equity plunge haunt global stocks
- March 09, 2019

Japan's Nikkei dropped 2.0 percent and Australia 0.9 percent. Adding insult to injury, China's leading brokerage Citic Securities issued a rare "sell" rating on the Shanghai-listed shares of People's Insurance Group of China (PICC) sending them down nearly 10 percent. (more...)
Lawyer sorry for embarrassing Ghosn by planning workman disguise Lawyer sorry for embarrassing Ghosn by planning workman disguise
- March 09, 2019

The stunt backfired, says his lawyer, who described it as an "amateur plan". He was arrested by the Tokyo District Prosecutor's Office last November 19, 2018 following allegations of financial misconduct . due to my amateur plan, the fame he has built over a lifetime was tainted". "When I saw them I thought it was harsh", said Shingi Bando, an official at the Japan Bail Support Association, which offers support to people who struggle to come up with bail. (more...)
Amazon backs Yankees in deal to buy back YES Network Amazon backs Yankees in deal to buy back YES Network
- March 09, 2019

The Yankees, Amazon and Sinclair Broadcast Group have reached a deal with Disney to buy the YES Network for $3.47 billion, The Post has learned. Reports emerged soon after Disney's Fox purchase that the Yankees wanted YES back, with Amazon then linked to the deal last December. Disney is being required to sell the 22 regional sports networks it gained in the deal to satisfy federal antitrust requirements. (more...)
Can businesses really afford to ignore apprenticeships? Can businesses really afford to ignore apprenticeships?
- March 09, 2019

Currently, 251 apprentices are enrolled onto the Level 4 Associate Ambulance Practitioner (AAP) apprenticeship, to become emergency medical technicians with 31 fully completed the course since May 2017. For example, a quarter of consumers are willing to pay more for products from a business they see as socially responsible. Apprenticeship Support will help smaller employers and offer additional incentives and support to remove barriers preventing them from embracing apprenticeships. (more...)
‘Like Yangtze and Ganga’, China sees ties with India forging ahead ‘Like Yangtze and Ganga’, China sees ties with India forging ahead
- March 09, 2019

The two countries reaffirmed their "time-tested and all-weather strategic cooperative partnership" during the meetings, said the FO statement, adding that Islamabad thanked Beijing for its steadfast support. In the wake of Pakistan-India tension, the Saudi minister for foreign affairs categorically announced that Riyadh would continue its support to Pakistan at every forum. (more...)
Australia's economy slows ahead of election Australia's economy slows ahead of election
- March 09, 2019

The RBA, whose decision at Tuesday's March board meeting means the cash rate has not moved in 31 months, said it still expected the economy to grow by about 3.0 per cent in 2019 thanks to a strong labour market. Inflation pressures and wages are still low. Overall imports increased by $1.1 billion, with the value of incoming capital goods up 12 per cent, consumption goods up six per cent while intermediate and other merchandise goods were up one per cent. (more...)
United States job market grinds to a halt in February United States job market grinds to a halt in February
- March 09, 2019

The sudden collapse in hiring showed deep job cuts in the construction retail and transportation sectors - is sure to revive worries about the dwindling supply of American workers. Jobs in construction , however, fell by 31,000. The weak February numbers followed strong January job gains. While optimism among USA manufacturers remains high, for example, almost 72 percent of respondents listed hiring as a tob concern. (more...)
SpaceX Crew Dragon Set For Splashdown In Atlantic Ocean SpaceX Crew Dragon Set For Splashdown In Atlantic Ocean
- March 09, 2019

SpaceX crews are now retrieving the capsule for transport back to Florida. The capsule is SpaceX's first that is created to carry humans. A successful launch is quite an achievement, but SpaceX has had plenty of those before. I can't believe how well the whole mission has gone" with all major milestones met, said Benji Reed, SpaceX's director of crew mission management. (more...)
Walmart takes heat over changes to greeter job Walmart takes heat over changes to greeter job
- March 09, 2019

One employee, Adam Catlin , who also has cerebral palsy, has performed the duties of a greeter at the Selinsgrove, Penn., Walmart for nine years. Some of the greeters, whose stories garnered nationwide attention, have now accepted new positions. (more...)
Hyundai previews next-gen Sonata Hyundai previews next-gen Sonata
- March 09, 2019

These include a 2.0 liter turbocharged petrol engine and a 1.6 liter diesel engine while a 2.0 liter petrol electric hybrid could also be introduced. For greater dramatic effect, the DRLs lead into chrome strips that run alongside the bonnet (like on the current LF), meeting up with the loop of the chrome window surrounds. (more...)
Missing dentist's body found in suitcase Missing dentist's body found in suitcase
- March 09, 2019

Reddy left the restaurant and headed south in the direction of Market Street . NSW Police superintendent Gaven Dengate tells Ray Hadley police questioned the man before was killed in a head-on collision with a truck on Monday night. "The ABC understands Dr Narde was the key suspect in Dr Reddy's murder", the report said. Two days later, Baker and a friend were spotted driving to her home at Early Street, Parramatta, in the early hours of January 4. (more...)
International Business: Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts International Business: Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts
- March 09, 2019

According the weekly report released by the Energy Information Administration (EIA) yesterday, USA inventories rose by 7.1 million barrels to 452.93 milllion barrels. So far oil demand has held up, especially in China , where imports of crude remain above 10 million barrels per day (bpd). It would also be recalled that President Muhammadu Buhari had said last month that the country could consider a reduction in crude oil production in support of efforts to shore up the price of the ... (more...)
Disguised Carlos Ghosn leaves detention after posting bail of one billion yen Disguised Carlos Ghosn leaves detention after posting bail of one billion yen
- March 09, 2019

As the head of three massive auto companies, Ghosn was always on the move and in constant contact with his office. Ghosn's bail was set at one billion yen (nine million US dollars) after a request was filed with the court on Thursday last week by Ghosn's new legal team appointed in February. (more...)
Mystery good Samaritan enables man's $273M Mega Millions win Mystery good Samaritan enables man's $273M Mega Millions win
- March 09, 2019

And Eileen Murray won't take him back. "He'll think I'm there with my hand out and I have no intention to do that", she said. "I'm going to keep that private". How long did I support him? "I put the tickets down". Weirsky told the NJ Advance Media that he knows people will approach him asking for money and that he'd consider giving some to people who treated him well; those that didn't can forget about it, he added. (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 next »