Business


Tesla changes plans and will keep more stores open Tesla changes plans and will keep more stores open
- March 12, 2019

Some of those stores that have closed may now reopen with a smaller crew. Tesla has announced it will not be closing almost as many stores as it claimed 10 days ago and that it will have to raise prices across its vehicle fleet as a result. (more...)
Will EU backstop promises help Theresa May to win her Brexit vote?
- March 12, 2019

Labour MPs attempted to pin down the government on whether any changes secured by Mrs May to the Withdrawal Agreement would be legally-binding. Shadow Brexit secretary Sir Keir Starmer said it was "imperative" that the PM answer the question in person, rather than sending a minister in her place. (more...)
Brexit: MPs' second vote on PM's deal to go ahead Brexit: MPs' second vote on PM's deal to go ahead
- March 12, 2019

With talks in Brussels making little progress, Downing Street was trying to limit the damage of what threatens to be a disastrous week for Mrs May, with the prospect of multiple defeats looming in the Commons. The prime minister was seeking revisions, guarantees or other changes to persuade reluctant British legislators to back her withdrawal agreement with the European Union, which they resoundingly rejected in January. (more...)
Oil gains 1 percent as Saudi minister stands by OPEC output cuts
- March 11, 2019

India's Oil Minister already urged the Saudis to make sure there is ample crude oil supply for the coming months, noting at the same time prices were rising higher than New Delhi would like to see them. State-owned Saudi Aramco's oil allocations for April are 635,000 bpd below customers' nominations, which are the requests made by refiners and clients for Saudi crude, the official said. (more...)
John Oliver robocalls FCC to protest inaction on robocalls John Oliver robocalls FCC to protest inaction on robocalls
- March 11, 2019

The comedian stood on stage next to a sculpture of a giant finger about to press a huge button, joking that he'd call the FCC every 90 minutes. Last Week Tonight couldn't be reached for comment. We contacted Pai's office about Oliver's latest gambit today, and we will update this story if we get a response. "I am calling on those falling behind to catch up", he said in a statement. (more...)
America will lead global oil growth over next five years, predicts IEA
- March 11, 2019

The International Energy Agency said U.S. shale oil will make up 70pc of the extra global crude supply by 2024, eating into the market share of Opec and Russian Federation. Of the 11.1 gigawatts of fuel-oil fired capacity under construction around the world, some 8.5 are in Saudi Arabia, the IEA said. "The increase will have to compensate for steep losses from Iran and Venezuela, as well as a still-fragile situation in Libya", the IEA said. (more...)
Japan court blocks ex-Nissan boss Ghosn from attending board meeting Japan court blocks ex-Nissan boss Ghosn from attending board meeting
- March 11, 2019

He has agreed to strict bail conditions and given assurances he will remain in Tokyo. Ghosn is seeking permission to attend the board meeting, the person said, declining to be identified because the information has yet to be made public. One of the world's best-known auto executives, Ghosn was sacked as chairman of Nissan , Renault and Mitsubishi, and resigned as chief executive of Renault. (more...)
Elizabeth Warren also promises to dissolve Apple
- March 11, 2019

Sen. Elizabeth Warren (D-Mass), among many other extreme ideas, is now calling for breaking up the largest technology companies , including Amazon .com Inc., Alphabet Inc.'s Google and Facebook Inc., calling them anti-competitive behemoths that are crowding out competition. (more...)
Chef Boyardee products under recall Chef Boyardee products under recall
- March 11, 2019

Conagra Brands, Inc.is recalling almost 3,000 pounds of Chef Boyardee chicken and rice products. Conagra reported the product was produced and packaged on January 16. They were shipped to retailers in Florida, Kentucky and NY, but there haven't been any confirmed reports of adverse reactions in anyone who ate the products. (more...)
United States regulators clear path for genetically modified salmon United States regulators clear path for genetically modified salmon
- March 11, 2019

USA regulators are giving the green light to grow genetically modified salmon, which grows about twice as fast as normal. The salmon, which is also called " Frankenfish ", got the nod of the U.S. In December, the USDA issued the standard , requiring manufacturers, importers and certain retailers to disclose whether a product was bioengineered using either text, a symbol, a electronic or digital link, and/or a text message. (more...)
Tesla turns around raising prices, keeping more stores open Tesla turns around raising prices, keeping more stores open
- March 11, 2019

However, amid recent store closures and related staffing cuts, Tesla announced on Monday that it has chose to reopen some stores that are in high visibility areas. The company said that the 10% of stores it had recently closed weren't performing and would've been closed anyway. Note that the price increase does apply to the more expensive variants of the Model 3 . (more...)
Apple CEO'S response to US Prez Donald Trump calling him 'Tim Apple' Apple CEO'S response to US Prez Donald Trump calling him 'Tim Apple'
- March 11, 2019

I used to say, "Tim, you got to start doing it over here". I mean, you've really put a big investment into the country. Trump was entertaining donors at his Mar-a-Lago Florida retreat on Friday night, and told the audience that he actually said " Tim Cook Apple", he just said it quickly and his pronunciation of "Cook" was quiet. (more...)
Nvidia offers bid for Israeli chip firm Mellanox Nvidia offers bid for Israeli chip firm Mellanox
- March 11, 2019

The company develops and sells graphics processors that include artificial intelligence components. The firm filed $1.09 billion in revenue over the course of the year at a growth rate of 26 percent year-over-year. A spokesman for Mellanox declined to comment. Nvidia was little changed Monday morning, while Mellanox was trading up 8.9% at $119.08 a share. The chipmaker intends to fund the acquisition through cash. (more...)
Asda to stop selling single knives by end of April Asda to stop selling single knives by end of April
- March 11, 2019

The move comes following a spate of knife-related incidents across the country, particularly involving young people. Mr Jones said: "Although supermarket knife sales are not the source of the issue around knife crime, as concerns continue to grow we believe there is a step we can take to support those looking at how to bring this issue under control". (more...)
Two Australian Crypto Exchanges' Licenses Suspended Following Arrest Two Australian Crypto Exchanges' Licenses Suspended Following Arrest
- March 11, 2019

The agency reportedly continued their probe, which led them to reveal an email-based drug trafficking organization operating out of Australian suburbs Bulleen, Templestowe Lower, and Malvern. The arrest and the subsequent shutdowns prompted an announcement from AUSTRAC and the New South Wales Police Force reminding digital currency exchanges of their reporting obligations . (more...)
Tesla to raise vehicle prices, keep more stores open
- March 11, 2019

Despite this quick direction change, Tesla maintains that worldwide sales will be moving to an online model. It also confirmed that to afford selling the new model at this price it would need to close most of its brick and mortar stores over the next few months. (more...)
US calls 'OneCoin' huge pyramid scheme, charges leaders US calls 'OneCoin' huge pyramid scheme, charges leaders
- March 11, 2019

Ignatov was arrested this week, however, Ignatova remains at large. This discovery was made by the U.S. Attorney for the Southern District of New York named Geoffery S. Also, the supposed crypto coin is not mined using any computer resources. Email correspondence between the leaders shows that they had made a decision to finally cash out all of the money, make a run for it, and blame someone else. (more...)
Facebook’s Mark Zuckerberg suddenly ‘cares’ about your privacy Facebook’s Mark Zuckerberg suddenly ‘cares’ about your privacy
- March 11, 2019

Earlier this week, the social media boss published an essay entitled A Privacy-Focused Vision For Social Networking, in which he laid out plans to enable users of Facebook's range of services to interact privately and wider use of end-to-end encryption to protect data. (more...)
Markets Right Now: Weak hiring number weighs on stocks Markets Right Now: Weak hiring number weighs on stocks
- March 11, 2019

The broad-based S&P 500 declined 0.8 percent to 2,727.45, while the tech-rich Nasdaq Composite Index tumbled 1.0 percent to 7,348.59. The Dow Jones Industrial Average lost 22 points, or 0.1 per cent, to 25,450. Bond prices fell slightly. USA stocks ended lower on Friday, as investors digested US job report in February that largely fell short of market expectations. (more...)
‘Pharma Bro’ Martin Shkreli Faces Investigation for Apparently Running Business From Jail ‘Pharma Bro’ Martin Shkreli Faces Investigation for Apparently Running Business From Jail
- March 11, 2019

Until recently Shkreli was posting missives on Twitter from the phone. The Journal reported on Thursday that Shkreli, 35, still wields significant influence over the drug company he founded, Phoenixus AG, formerly called Turing Pharmaceuticals. (more...)
On Mar 7, 2019 UBS Downgrades Rio Tinto Plc (NYSE:RIO). On Mar 7, 2019 UBS Downgrades Rio Tinto Plc (NYSE:RIO).
- March 11, 2019

Some important ratios are also vital to discuss the performance of the company and its shares. "Amrun will provide jobs, support businesses and contribute to growth in the region for the next 50 years, building on $A2.2 billion of contracts with local, State and national businesses [during construction]". (more...)
Powerball numbers: Did you win Saturday's $414 million lottery jackpot? Powerball numbers: Did you win Saturday's $414 million lottery jackpot?
- March 11, 2019

Wednesday's drawing moved closer to half a billion dollars after no one was able to claim the first place prize by matching all five winning numbers as well as the sixth Powerball number. If you do happen to win, just keep in mind to claim your prize. Winners won't be faulted should they choose to take their time. The lump sum payment before taxes would be about $247.9 million. (more...)
Canadian dollar rallies as jobs surge crimps bets for BoC rate cut Canadian dollar rallies as jobs surge crimps bets for BoC rate cut
- March 10, 2019

The jobless rate stays at 5.8 per cent as the labour force grew. "We're going to continue to do stuff like this to generate more employment, to continue to invest in infrastructure generally and continue to fight to get the pipeline to tidewater in order to build that level of investor confidence that will move us forward". (more...)
Porsche Taycan production version set for September unveiling Porsche Taycan production version set for September unveiling
- March 10, 2019

The company has received more than 20,000 reservation deposits for its first all-electric model. In 2018, Porsche's head of electric vehicles, Stefan Weckbach, said the Taycan will be able to sustain its performance better than the Model S. (more...)
Airbnb Gobbles Up Last-Minute Booking Service HotelTonight Airbnb Gobbles Up Last-Minute Booking Service HotelTonight
- March 10, 2019

The deal was previously reported by The Wall Street Journal , which wrote in January that negotiations for the transaction had "gone cold". After years of dominating the short-term rental scene, the platform is now infiltrating the hotel industry by buying last-minute hotel booking app HotelTonight . (more...)

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