Money

Money Kia To Showcase Three Concept Cars At The 2019 Seoul Motor Show
Author: 0 Kia To Showcase Three Concept Cars At The 2019 Seoul Motor Show

Kia has revealed a couple of SUV concepts at the 2019 Seoul Motor Show this week, including a large SUV called the Masterpiece and a compact model called the Signature. The SP Signature effectively previews an upcoming small crossover intended for sale in global markets, where it will compete with the likes of the Ford EcoSport, Renault Captur and Hyundai Creta.

Money Sports Direct Mulls GBP61.4 Million Debenhams Takeover Offer
Author: 0 Sports Direct Mulls GBP61.4 Million Debenhams Takeover Offer

Sports Direct , which a year ago bought department store chain House of Fraser out of administration for 90 million pounds, has a near 30 percent stake in Debenhams and has been trying to wrest control of it for months. It would be another stake in high streets across the county if Mr Ashley were to be successful, with Debenhams stores in Norwich, King's Lynn and Great Yarmouth.

Money Debenhams warns any Sports Direct offer won't address funding concerns
Author: 0 Debenhams warns any Sports Direct offer won't address funding concerns

Sports Direct added on Monday that its proposals are better than the "multiple insolvency processes" Debenhams is considering as it looks to restructure. At the shareholder meeting Mr Bucher received 44% votes in favour of his re-election and, excluding Sports Direct and Landmark, the vote for him to continue on the board was about 99.6% in favour.

Money Turkey rejects United States pressure over Russian S-400 missile deal
Author: 0 Turkey rejects United States pressure over Russian S-400 missile deal

While no decision has been made, excluding Turkey from the F-35 program, in which it has been a long-time partner, would be a massive blow to already strained ties between Washington and Ankara . The tight negotiations between Ankara and Washington over the acquisition of the Patriot missile defense system linger as Turkey's intention remains indeterminate due to the US stipulation of dropping the S-400 missile system as a precondition for the purchase.

Money USA trade deficit drops 15% in Jan
Author: 0 USA trade deficit drops 15% in Jan

The White House's protectionist trade tariffs have left the United States mired in a bruising trade war with China and provoked retaliatory tariffs from other trading partners. Statistics Canada said total exports rose 2.9 per cent to $47.6 billion in January, the first increase since July 2018. He noted, though, that exports of industrial machinery, equipment and parts climbed 4.7 per cent on the month while shipments of electronic and electrical equipment and parts were up by 1.9 per cent.

Money Singapore airport named best, New Delhi's IGI at 59th
Author: 0 Singapore airport named best, New Delhi's IGI at 59th

If you're not flying to Singapore anytime soon, Bourdain also highlighted Tokyo's airport for having solid food in his Times interview-in particular, a sushi bar near the gates with US -bound flights "that's extraordinarily good for an airport sushi place", and the Lawson convenience store with "ethereal egg salad sandwiches".

Money United States officials order Chinese company to sell Grindr
Author: 0 United States officials order Chinese company to sell Grindr

Take Beijing Kunlun Tech Co Ltd, the outfit that has owned LGBTQ dating app Grindr since 2016. "The United States has been increasingly scrutinizing app developers over the safety of personal data they handle, especially if some of it involves US military or intelligence personnel".

Money United Kingdom finds 'significant new issues' in Huawei technology
Author: 0 United Kingdom finds 'significant new issues' in Huawei technology

THE UK GOVERNMENT has sounded the alarm bells over the use of Huawei kit for 5G networks, warning of "significant, concerning issues" in the Chinese firm's approach to software development. Furthermore the US Secretary of State, Mike Pompeo, has previously warned that the U.S. may cease to exchange secret intelligence info. with countries that allow kit from Huawei into their core networks, which is a significant consideration for the UK.

Money Despite improvements, the tech industry's gender pay gap remains above national average
Author: 0 Despite improvements, the tech industry's gender pay gap remains above national average

This works out to women making on average $81,000 less than their male counterparts throughout their lives. Women in Singapore earn 13% lesser than men. "While we can explain some of the gender pay gap , about 38 per cent of [it] in Canada remains unexplained ". "The gap of 5 per cent, reflecting income foregone, could seem small but compounds over time over the course of one's working career", social scientist Dr Noeleen Heyzer, a visiting fellow at the S.

Money Lyft valued at US$24.3b in first ride-hailing IPO
Author: 0 Lyft valued at US$24.3b in first ride-hailing IPO

Lyft is scheduled to set its official IPO price range on Thursday, with trading on the Nasdaq stock exchange to begin on Friday. Investors embraced Lyft despite racking up $3 billion in debt since its 2012 inception on the premise that its growing popularity will pay off in the long run.

Money Ericsson says no bounty from Huawei 5G security worries
Author: 0 Ericsson says no bounty from Huawei 5G security worries

Huawei warns bans will increase prices and put United States behind in 5G race Huawei says that restricting competition will increase prices and delay the implementation of 5G, putting the United States behind rival countries. 5G technology will transform economies and society, "but we can not accept this happening without full security built in", said European Union digital commissioner Andrus Ansip .

Money NZ dollar at standstill after Reserve Bank's shock stance change
Author: 0 NZ dollar at standstill after Reserve Bank's shock stance change

As suggested in the opening paragraph, "given the weaker global economic outlook and reduced momentum in domestic spending, the more likely direction of our next OCR move is down". However, core consumer price inflation remains below our 2 percent target mid-point, necessitating continued supportive monetary policy . Meanwhile, the members signaled that the low interest rate environment would be "ongoing" while government spending and investment would increase.

Money Service restored at terminal where ferry hit dock: BC Ferries
Author: 0 Service restored at terminal where ferry hit dock: BC Ferries

Spokesperson Deborah Marshall says an engineering team is working on a fix plan to take care of the damage done to the Queen of Surrey's hull and rudder. and 8:55 p.m. departures on Tuesday night, but schedule amendments are a possibility. "We haven't yet had an explanation of just why they ran into the dock".

Money Coles inks $150m deal with United Kingdom firm Ocado to boost online margins
Author: 0 Coles inks $150m deal with United Kingdom firm Ocado to boost online margins

It is already a market leader in online grocery retailing in Australia through Coles Online, with more than A$1 billion of annual sales. The latest deal, which will see Ocado's technology and software develop the Coles Online grocery business in Australia, sent Ocado's shares up as much as 6 percent in London on Tuesday to a record high.

Money Wow Air Shuts Down Operations and Cancels All Flights, Stranding Passengers
Author: 0 Wow Air Shuts Down Operations and Cancels All Flights, Stranding Passengers

A statement on its website says this is the end of operation of WOW Air, and that all WOW Air flights have been cancelled. The airline operated out of Edinburgh Airport for summer service flights to Reykjavik. "I will never forgive myself for not acting sooner", Mogensen told employees in a Thursday letter, CBS reported. But the advice offers little solace, telling passengers to check with other airlines to find a new ticket.

Money CO2 emissions soar as key nations turn back on green goals
Author: 0 CO2 emissions soar as key nations turn back on green goals

China and the U.S., the world's two largest power markets, accounted for 70% of global demand growth. Energy efficiency saw "lacklustre improvement", it said . Energy consumption worldwide grew by 2.3 percent in 2018, almost twice the average rate of growth since 2010, driven by a robust global economy as well as higher heating and cooling needs in some parts of the world.

Money Apple Announces New TV Service, Expanded News, Credit Card
Author: 0 Apple Announces New TV Service, Expanded News, Credit Card

Apple has said that the interest rate will be "among the lowest in the industry" and that cardholders will not be charged annual, late, global or over-the-limit fees. A note on the interest rates as well - the card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness.

Money Oil prices rise amid ongoing supply cuts, but recession fears loom
Author: 0 Oil prices rise amid ongoing supply cuts, but recession fears loom

West Texas Intermediate ( WTI ) futures were at $58.52 per barrel, down 52 cents, or 0.9%, from their previous settlement. Crude oil pared earlier losses as the US stock market turned positive. Investor concern over the global economy had intensified on Friday after disappointing German and US factory data led to an inversion of the US Treasury yield curve, which some see as a leading indicator of recession.

Author: 0 Global carbon emissions hit record high in 2018, International Energy Agency says

China , India, and the United States accounted for 70% of all energy demand and 85% of the net increase in emissions, IEA reported. According to the report , a robust global economy that expanded by 3.7% in 2018 propelled higher energy demands, but extreme weather conditions accounted for nearly a fifth of the increase in global energy demand.

Money Budget carrier AirAsia pulls 'Get off in Thailand' ads in Australia
Author: 0 Budget carrier AirAsia pulls 'Get off in Thailand' ads in Australia

AirAsia has been in hot water after its advertising campaign in Australia was called out for "promoting sex tourism" by a netizen. "Brisbane City Council have been complicit before with ads for Sexpo, including web links to porn sites, on buses on a school route", Alison added.

Money $750 million jackpot at stake in Wednesday Powerball drawing
Author: 0 $750 million jackpot at stake in Wednesday Powerball drawing

The next drawing for what would be the fourth-largest jackpot in US history is Wednesday. "We are hopeful that NY can go four-for-four and win the top prize", said Dean in a press release Wednesday. Ticket sales during the 13 weeks leading up to this Wednesday's drawing for $750 million have generated more than $40.5 million in funding for education.

Money Asian Shares Shaky As US Bond Yields Hit Lowest Since Late 2017
Author: 0 Asian Shares Shaky As US Bond Yields Hit Lowest Since Late 2017

Investors also kept one eye on the details of a almost two-year U.S. investigation which found no evidence of collusion between Donald Trump's election team and Russian Federation, in a major political victory for the U.S. economists were growing increasingly concerned about the USA outlook, cutting their growth forecasts and warning that the chances of recession were increasing.

Money Apple escapes iPhone import ban in second Qualcomm case
Author: 0 Apple escapes iPhone import ban in second Qualcomm case

Today's ruling by ITC Judge MaryJoan McNamara recommended that an exclusion order be placed on certain iPhone models imported to the states from China. The ruling favorable to Qualcomm faces review by the full six-member ITC, which will make a final decision . Qualcomm's shares had an even larger reaction, rising 2.4% to $58 (remember, the full commission still needs to review that case).

Money Aston Martin DBS GT Zagato First Renderings Released
Author: 0 Aston Martin DBS GT Zagato First Renderings Released

The first vehicle is a DB4 GT Zagato, a track-only continuation of the DB4 GTs produced by Aston Martin and Zagato in the '60s, while the second is a road-legal DBS GT Zagato, and here you see a first look at the renderings of the handsome machine.

Money Airbus secures mammoth China deal in fresh blow to Boeing
Author: 0 Airbus secures mammoth China deal in fresh blow to Boeing

President of Airbus's commercial aircraft business Guillaume Faury, right, and Chairman of China Aviation Supplies Co. French energy company EDF and the China Energy Investment Corporation signed a deal worth €1 billion ($1.1 billion) to deliver two offshore wind farms in Chinese waters.

Author: 0 Uber looks to pick up Careem in $3 billion deal

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. Uber Chief Executive Dara Khosrowshahi in a statement called the deal with Careem "an important moment for Uber".

Money California grower recalls avocados shipped to Florida over possible listeria
Author: 0 California grower recalls avocados shipped to Florida over possible listeria

Avocados packed there went to Florida , California , North Carolina, Arizona, Wisconsin and New Hampshire. There have been no reports of any illnesses associated with the avocados. Listeria concerns were the reason behind an October 2018 recall of almost 90,000 pounds of Johnston County Hams products as well as the reason for the temporary shutdown of Blue Bell Ice Cream in 2016.

Money British Airways flight brings passengers to Scotland rather than Germany
Author: 0 British Airways flight brings passengers to Scotland rather than Germany

In a statement, a spokesperson for British Airways said the airline was working with WDL Aviation "to establish why the incorrect flight plan was filed". The flight was redirected to Düsseldorf two-and-a-half hours after the "involuntary stopover in Edinburgh", turning the typical hour-and-ten minute flight into a almost six-hour journey.