Money

Money Climate change to hit USA economy, report warns
Author: 0 Climate change to hit USA economy, report warns

The National Climate Assessment was written long before the deadly fires in California this month and before Hurricanes Florence and Michael raked the East Coast and Florida. Releasing the report on Black Friday "is a transparent attempt by the Trump Administration to bury this report and continue the campaign of not only denying but suppressing the best of climate science", said study co-author Andrew Light, an worldwide policy expert at the World Resources Institute.

Money Tesla says cuts price for Model X, S in China
Author: 0 Tesla says cuts price for Model X, S in China

Tesla Inc ( NASDAQ:TSLA ) shares fell on Thursday after the electric carmaker confirmed it has slashed the prices of its cars in China in a bid to protect sales. administration as trade tensions between the two countries escalated. But the company raised its prices in July after Beijing imposed a new 25% tariff on U.S.

Author: 0 Keeping your bank balance in the green this Black Friday

A few of the shoppers making their way up and down the mall said they were out hunting for specific deals that they'd looked up in advance, but most described the evening simply as a way to stretch their legs and see what they could find. The line to get into the Tory Burch store remained long, with a wait of over two hours to get inside. What remains to be seen is whether this is a harbinger of massive sales ahead on Black Friday and Cyber Monday or whether Thanksgiving Day is now gobbling ...

Money Amber Rudd says parliament will stop a 'no deal' Brexit happening
Author: 0 Amber Rudd says parliament will stop a 'no deal' Brexit happening

Ms Rudd said in a separate radio interview with the BBC that "Brexiteers may lose their Brexit". "I think what the country needs now is the certainty of an orderly exit", she said. Tory MP Damian Collins, a fierce critic of Theresa May's deal also said that a referendum on the final deal or general election were likelier than a No Deal Brexit - which had no "majority in the House of Commons to allow".

Money Black Friday is upon us. What are Americans doing to celebrate?
Author: 0 Black Friday is upon us. What are Americans doing to celebrate?

JCPenney stores will stay open through Thanksgiving into Black Friday, and won't close until 10 p.m. on Friday, November 23. "There are shoppers and consumers that love Black Friday". The hours will vary from location to location. So what stores open on Thanksgiving, and what are the holiday hours? The best deals are in stock on Wednesday evening and Thanksgiving morning.

Money 25 killed, many injured as ‘terrorist attack’ rocks northern Pakistan
Author: 0 25 killed, many injured as ‘terrorist attack’ rocks northern Pakistan

The injured have been shifted to the KDA teaching hospital in Kohat. As per sources, nearly 30 civilians lost their lives during the incident, while security forces have reached the site for rescue operation. "As the U.S. fails in Afghanistan, [Pakistan should] be prepared for [a] fallout and we must ensure greater security for our tribal areas especially protection of our [people]", she tweeted.

Money Interest rates hiked for first time since 2016
Author: 0 Interest rates hiked for first time since 2016

The South African Reserve Bank's Monetary Policy Committee has increased the repo rate, at which the central lends money to commercial banks, by 25 basis points to 6.75%. Lesetja Kganyago, Governor South African Reserve Bank (SARB), at the World Economic Forum on Africa 2017 in Durban, South Africa, 2017. South Africa's inflation rate breached 5 percent for the second time this year in October as the cost of gasoline surged to a record.

Money Draft on future UK-EU relationship 'agreed'
Author: 0 Draft on future UK-EU relationship 'agreed'

Ms May must show that she has left nothing on the table if she is to convince British members of parliament to ratify the deal in the coming weeks. In the British Parliament on Wednesday, May told skeptics that failure to pass the draft deal would risk " more uncertainty, more division or it could risk no Brexit at all ".

Money Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500
Author: 0 Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500

The broad-based S&P 500 shed 1.8% to 2,641.89, while the tech-rich Nasdaq Composite Index fell 1.7% to 6,908.82. At the close, the Dow Jones industrial average , which was down nearly 600 points at its low, was 552 points lower at 24,466 and trading 1 percent below where it finished in 2017.

Money Range Rover Evoque teased before London reveal
Author: 0 Range Rover Evoque teased before London reveal

After being in the market for eight long years, the Land Rover Range Rover Evoque is finally getting a generation update and the company has started building a hype for its baby SUV . It is expected, though, that the second-gen Evoque will take design cues from the sister Velar , particularly in the cabin, for which the larger Range Rover has received notable praise.

Author: 0 United States renews accusations of unfair trade practices against China

That probe and the initial report from March provided the legal basis for Trump to impose tariffs on almost half of all imports from China. "China fundamentally has not altered" its technology policy "and indeed appears to have taken further unreasonable actions", Lighthizer's report said.

Money Americans travel across USA for Thanksgiving
Author: 0 Americans travel across USA for Thanksgiving

With Thanksgiving coming this Thursday, AAA is expecting more than 54 million Americans to be traveling this Thanksgiving. the most since 2005. In a video , she reminded North Carolina drivers that 24 people were killed a year ago during the Thanksgiving holiday period on state highways.

Money Merkel threatens boycott as European Union divisions put Brexit summit at risk
Author: 0 Merkel threatens boycott as European Union divisions put Brexit summit at risk

The deal, which spells out the conditions of Britain's exit from the EU in March and a framework for future relations, also needs to be approved by the European and British Parliaments. Having seen off - at least for now - a potential leadership challenge by hardline Brexiteers in her own party, she hoped to wring out of Brussels a Brexit arrangement that she can sell to her parliament.

Money Amazon accidentally exposed people's email addresses on its website
Author: 0 Amazon accidentally exposed people's email addresses on its website

Multiple Register readers forwarded us emails sent from Amazon's United Kingdom tentacle informing them that the online sales site had "inadvertently disclosed [their] name and email address due to a technical error". If you're an Amazon customer you may have received a rather unusual email this morning. We don't know how it happened, exactly when it happened, or who the information was shared with / to.

Money Renault names Thierry Bollore interim head after Ghosn's arrest
Author: 0 Renault names Thierry Bollore interim head after Ghosn's arrest

The board, meeting later on Tuesday, will likely agree that director Philippe Lagayette should fill in as chairman, several people with knowledge of the deliberations said. Set to leave Renault in 2022, Ghosn had been laying the groundwork to ensure a future for the alliance, including the option of a merger. Through complex cross-shareholding arrangements, Renault owns 43 percent in Nissan , including voting rights, while Nissan owns a 15 percent non-voting stake in Renault.

Money Apple cuts production orders for all three new iPhone models
Author: 0 Apple cuts production orders for all three new iPhone models

Apple numbers have been slowing for a while but the fruity cargo cult managed to hide the shrinking numbers by jacking up the price and leaning on suppliers for component price cuts . Meanwhile, factors such as "severe Chinese demand weakness" in the late summer and a strengthened USA dollar came as unexpected headwinds. "We do not believe the rest of the world is as committed to Apple's product ecosystem, so switching costs outside the USA tend to be lower ", the analysts wrote.

Money Nissan says CEO Carlos Ghosn lied about salary, misused company money
Author: 0 Nissan says CEO Carlos Ghosn lied about salary, misused company money

Ghosn and his Nissan colleague, Representative Director Greg Kelly, allegedly submitted false numbers to the Tokyo Stock Exchange securities report . "This is an act that can not be tolerated by the company", he said during a news briefing. Karen Brenner, clinical professor of business at New York University Stern School of Business, says the Ghosn situation shows that "boards have to be really alert, especially in good times".

Money RBI to set up expert panel to examine economic capital framework
Author: 0 RBI to set up expert panel to examine economic capital framework

While there was no official word on the deliberations at the meeting that lasted almost nine hours, the government and Gurumurthy have been pressing the central bank to provide more liquidity to non-banking finance companies ( NBFCs ), ease lending rules to small businesses, relax norms for weak banks and part with more of RBI's surplus reserves to boost the economy.

Money Oil prices climb on prospect of OPEC and Russian cuts
Author: 0 Oil prices climb on prospect of OPEC and Russian cuts

Oil has slipped into a bear market after reaching a four-year high last month. While Saudi Arabia's Energy Minister Khalid al-Falih says that based on the OPEC+ group technical analysis, "there will need to be a reduction of supply from October levels approaching a million barrels", reports emerged last week that Russian Federation would rather stay out of any fresh oil production cuts led by the Saudis.

Money Abe fails to bridge U.S.-China divide at APEC summit
Author: 0 Abe fails to bridge U.S.-China divide at APEC summit

The 21 nations at the Asia-Pacific Economic Cooperation summit in Port Moresby struggled to bridge differences on the role of the World Trade Organisation, which governs global trade, officials said . "Those matters can be raised at the World Trade Organisation". Pence told reporters that during the weekend he had two "candid" conversations with Xi, who is expected to meet President Donald Trump at a Group of 20 summit at the end of this month in Buenos Aires.

Money Nissan ousts chairman and Renault CEO Ghosn on financial violations
Author: 0 Nissan ousts chairman and Renault CEO Ghosn on financial violations

Japanese media reported that Ghosn, who is also chairman and chief executive of Nissan's French partner Renault and one of the best known figures in the global auto industry, had been arrested . Spokesmen for Renault and the Renault-Nissan-Mitsubishi Motors (7211.T) alliance did not immediately return calls and messages seeking comment. Renault's shares, listed in Paris, plummeted after Nissan confirmed reports of its chairman's alleged misconduct.

Money Jeff Bezos: One day, Amazon will go bankrupt
Author: 0 Jeff Bezos: One day, Amazon will go bankrupt

Last Thursday, days before Amazon officially announced its pick for its $50 billion second headquarters, or "Amazon HQ2", CEO Jeff Bezos warned his employees that, despite Amazon's seemingly unstoppable growth at the moment, one day the almost $1 trillion retail empire could fall apart-just like Sears .