Money

Author: 0 Dyson to move headquarters from Britain to Singapore

Jim Rowan, chief executive for Dyson who is now based in Asia, was clear the move to Asia is not Brexit related. "As a result, an increasing proportion of Dyson's executive team is going to be based in Singapore; positioning them to make the right decisions for Dyson in a quick and efficient way".

Money Maruti Suzuki opens booking of 2019 Baleno
Author: 0 Maruti Suzuki opens booking of 2019 Baleno

Once launched in the Indian market, deliveries of the 2019 Baleno Facelift will commence from the 1st week of February. Maruti has also confirmed that the auto will now come with improved safety features like speed alert system, co-driver seat belt reminder and rear parking assist sensors.

Money Market Outlook: IMF revises down forecasts
Author: 0 Market Outlook: IMF revises down forecasts

The UK's GDP will grow by 1.5% this year, should it secure an agreement to leave the European Union, and 1.6% in 2020 - 0.1 percentage points higher than previously forecast, while Germany will slump to 1.3% in 2019, down 0.3 percentage points, before recovering to 1.6% in 2020.

Money Open letter to Xi demands China to release detained Canadians
Author: 0 Open letter to Xi demands China to release detained Canadians

Chinese envoy Lu Shaye made the comments during his first media event since the RCMP arrested Huawei executive Meng Wanzhou in Vancouver on December 1 at the request of the United States. More than 20 diplomats from seven countries and more than 100 scholars and academics from 19 countries signed. "That will lead to less dialogue and greater distrust, and undermine efforts to manage disagreements and identify common ground", the letter continues.

Money China's growth slows to 28-year low as trade war weighs
Author: 0 China's growth slows to 28-year low as trade war weighs

China's economy grew 6.6% past year, according to official data released Monday - its slowest pace since 1990. The 6.6 per cent is above the official target of around 6.5 per cent, according to the data published the NBS. Slowing growth prompted Premier Li Keqiang last week to vow govt would not let the economy "fall off a cliff". Growth in 2018 was the lowest since 1990's 3.9 per cent in the aftermath of the violent crackdown on pro-democracy protests centred on Beijing's Tiananmen ...

Author: 0 India will remain one of the fastest growing major economies, says International Monetary Fund

The previous forecast for this year was 3.7 percent. Underscoring the wobbly state of the global economy: China , the world's second-biggest economy, on Monday reported 2018 growth of 6.6 percent, the weakest since 1990. The report came hours after data showing China's economy cooled in the fourth quarter on faltering domestic demand and bruising USA tariffs, dragging 2018 growth to the lowest in almost three decades.

Money Modern China's birth rate falls to lowest ever
Author: 0 Modern China's birth rate falls to lowest ever

Industrial output grew 5.7 percent in December from a year earlier, beating expectations of 5.3 percent. In early December, Trump and his Chinese counterpart, Xi Jinping, called for a truce in their escalating trade war after their meeting on the sidelines of the G20 summit in Buenos Aires.

Author: 0 Britain's growth to match Europe's best, says International Monetary Fund

Consumer demand and appetite for Chinese exports weakened last year and the International Monetary Fund expects China's growth to decelerate again this year - to 6.2 percent. "As seen in 2015-16, concerns about the health of China's economy can trigger abrupt, wide-reaching sell-offs in financial and commodity markets", the report said.

Author: 0 China's Growth Slumps to Lowest Since 1990

Refiners processed 603.57 million tonnes of crude previous year, or about 12.07 million barrels per day (bpd), up 6.8 percent from 2017, the National Bureau of Statistics said on Monday. and China in Washington on January 30-31. US President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs.

Money Donald Trump cancels Cabinet members' trip to Davos due to shutdown
Author: 0 Donald Trump cancels Cabinet members' trip to Davos due to shutdown

The White House will not be sending a delegation to Davos, Switzerland, for the World Economic Forum next week, White House press secretary Sarah Sanders announced Thursday night. The announcement came hours after Mr. Trump announced he was postponing a trip House Speaker Nancy Pelosi and other Democrats were scheduled to take Thursday afternoon to Afghanistan and Brussels to visit U.S.

Money How can I tell if hackers have any of my passwords?
Author: 0 How can I tell if hackers have any of my passwords?

A collection of some 770 million email addresses, as well as millions of passwords have been discovered in a massive data breach, web security researcher Troy Hunt posted online Thursday. What's worse is that the hacker has access to some 4TB of password packages, which are less than one year old. Two-factor authentication is an extra layer of security that helps to prevent anyone but you from logging in, even if they know your password.

Money French watchdog slaps Google with $57M fine under new European Union law
Author: 0 French watchdog slaps Google with $57M fine under new European Union law

The fine was levied, CNIL said, because Google made it too hard for users to find essential information, "such as the data-processing purposes, the data storage periods or the categories of personal data used for the ads personalisation", by splitting them across multiple documents, help pages and settings screens.

Author: 0 Brexit: Ireland rejects Polish backstop proposal

It aims to ensure that, whatever else happens, there will be no return to a visible border between NI and the Irish Republic after the United Kingdom leaves the EU. "So in my opinion this idea simply might contribute to the debate, how to resolve this very serious problem of Brexit". Following the defeat of Mrs May's Withdrawal Agreement by 230 votes last week, he said, "it is clear that if we are going to get Parliament to support the deal, we are going to have to come forward with ...

Money Passengers Spend 14 Hours Stuck on Cold, Grounded Plane
Author: 0 Passengers Spend 14 Hours Stuck on Cold, Grounded Plane

When a passenger suffered a medical emergency the plane made an emergency landing in Goose Bay airport in Newfoundland and Labrador province, on Canada's east coast, the airline told CBC. "You're at their mercy". "I've travelled for work pretty much on a weekly basis for the last nearly 20 years, and I've never experienced something like this".

Author: 0 China`s economy slumps to 28 year low to 6.6% in 2018

According to the new figures Chinese economy achieved a 6.2 percent industrial output growth past year, compared with 6.6 percent in 2017. China-US trade disagreements have a certain impact on the Chinese economy, but this influence is under control, Director of the Chinese National Bureau of Statistics (NBS) Ning Jizhe has stated.

Money Ryanair lowers profit forecast amid tough competition
Author: 0 Ryanair lowers profit forecast amid tough competition

Ryanair's chief executive, Michael O'Leary, said he was "disappointed" to cut the company's profit guidance and said the airline could be forced to further reduce fares and guidance. The airline had originally forecast profits of 1.25 billion to 1.35 billion euros before a profit warning in October after a series of strikes across Europe during the summer that hit traffic and bookings.

Money Canadian inflation heats up in December
Author: 0 Canadian inflation heats up in December

Analysts were expecting the same 1.7% increase as in November. Core measures - seen as a better gauge of price pressures - remained at about 1.9 per cent. Among the main downward forces on prices, consumers paid 5.6 per cent less for hotels, 4.1 per cent less for natural gas and 5.7 per cent less for digital computing devices and equipment.

Money Hybrid estate joins updated Ford Mondeo range
Author: 0 Hybrid estate joins updated Ford Mondeo range

A new 2.0-litre diesel engine is also available in 150hp and 190hp versions, replacing the previous version that offered 150hp and 180hp options. The most obvious novelty in the cabin is the new rotary shift dial for the automatic transmission.

Money Tesla to cut workforce by 7pc, sees smaller Q4 profit
Author: 0 Tesla to cut workforce by 7pc, sees smaller Q4 profit

The firm employs more than 45,000 people now meaning it will lay off over 3,000. Tesla turned a profit in the third quarter of 2018, and Musk's email suggested the company should see a profit again in Q4 - but a smaller one. In October, Musk tweeted that the company's workforce was 45,000 people. The plant is expected to produce about 3,000 Model 3 vehicles a week in the initial phase, and will ramp up output to 500,000 per year when it becomes fully operational, Tesla said in a ...

Money Oil climbs 1 percent as OPEC output drop eases concerns about glut
Author: 0 Oil climbs 1 percent as OPEC output drop eases concerns about glut

Ashton Whiteley analysts say the OPEC-led cuts may offer only a temporary reprieve as global demand and the threat of oversupply provide the biggest risk to oil prices . In response to the drop in price in the second half of last year, the Organization of the Petroleum Exporting Countries and non-members such as Russian Federation and Oman will slash production by a joint 1.2 million bpd this year.

Money December retail sales fall as consumers bring forward Christmas shopping
Author: 0 December retail sales fall as consumers bring forward Christmas shopping

The Office for National Statistics (ONS) said retail sales volumes fell 0.2% in the three months to December after a 0.2% rise in the three months to November. Howard Archer, chief economic adviser at EY ITEM Club, said the drop in December volumes was a "disappointment" for retailers. Since then, they fell month-on-month in 2015, 2016 and 2018.

Money United States to Review China's Trade Reform
Author: 0 United States to Review China's Trade Reform

US stocks rallied on Friday, helping Wall Street's major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. Presidents Trump and Xi agreed to a 90-day truce in the trade dispute in December to give their teams time to negotiate a deal. The dollar was also boosted by increased optimism over trade, with the dollar index rising 0.31 per cent, while the Euro was down 0.26 per cent to ...

Money Mukesh Ambani calls for movement against data colonisation
Author: 0 Mukesh Ambani calls for movement against data colonisation

Reliance Industries Chairman Mukesh Ambani on Friday made a desperate plea to Prime Minister Narendra Modi , asking him to take immediate steps against what he termed was data colonisation particularly by global companies. Subramaniam, a top executive of Reliance Retail said on Thursday. Last month, the government tightened rules that will disallow foreign-owned online retailers from selling products via companies in which they own equity, and forbid them from pushing merchants to sell ...

Money Nissan plans to file for damages against Ghosn
Author: 0 Nissan plans to file for damages against Ghosn

Ghosn - once the driving force behind the Alliance of Renault, Nissan and, later, Mitsubishi sits so since the 19th century. Carlos Ghosn received "improper" payments of €7.8m (£6.9m) while a director of a tie-up between Nissan and Mitsubishi, according to a joint investigation by the Japanese auto makers.

Money Plane skids from runway at Chicago airport
Author: 0 Plane skids from runway at Chicago airport

As of 3:20 p.m. ET Friday, Chicago's O'Hare and Midway Airports had experienced a combined 270 cancellations and 232 delays. Almost 2,700 flights within, into or out of the USA have been delayed and 400 more have been canceled as of Friday afternoon, according to flight-tracking website FlightAware .com, as Winter Storm Harper continues to push east, bringing snow, ice and heavy winds to parts of the Midwest and Northeast .

Money Aer Lingus to reveal first brand makeover in 20 years
Author: 0 Aer Lingus to reveal first brand makeover in 20 years

The new color scheme features an all-white fuselage, with a dark green tailfin sporting an updated version of the classic shamrock logo. The new branding has already been rolled out on Aer Lingus' official website and mobile apps. The brand refresh is being delivered in keeping with Aer Lingus' value carrier model, as part of the company's business as usual aircraft painting programme.

Money Patisserie Valerie hires KPMG to prepare for potential collapse
Author: 0 Patisserie Valerie hires KPMG to prepare for potential collapse

Patisserie Holdings trading shares were suspended in October 2018 after "potentially fraudulent" accounting had been flagged. Patisserie Valerie said cashflow and profitability had been misstated in the past and "is materially below" what the market was told on 12 October, shortly after the accounting errors were first discovered.

Money Morgan Stanley Out with Q4 Numbers
Author: 0 Morgan Stanley Out with Q4 Numbers

As a group, sell-side analysts expect that Morgan Stanley will post 4.86 EPS for the current year. Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 per cent.