Money

Money Tesla, watch out for the new Toyota Mirai
Author: 0 Tesla, watch out for the new Toyota Mirai

There are substantial upgrades to Toyota's fuel cell technology that powers it, liberating a 30 percent range boost for the second-generation auto to give it a theoretical maximum of 650km from a single tank of hydrogen. The new edition of the Mirai should hit the market in Japan , North America and Europe by 2020. The next Mirai , it seems from first look, is much closer to what the Mirai should have been all along-a rear-wheel-drive sport sedan that mates something akin to ...

Money Barrhead Travel announces plans for 100 new stores
Author: 0 Barrhead Travel announces plans for 100 new stores

All 555 Thomas Cook stores are to be bought by Hays Travel, it has been revealed. British Airways announced the launch of a new flight from London's Gatwick Airport to the Turkish resort of Antalya on Wednesday, once one of Thomas Cook's most popular routes, as airlines jostle to fill the void left by its collapse.

Money Saudi Arabia asks for support against attacks from its facilities
Author: 0 Saudi Arabia asks for support against attacks from its facilities

While Aramco is the world's most lucrative company and produces about 10 per cent of the world's oil, it also carries bigger risks, as illustrated by the drone and missile strike on key facilities in September. On September 14, multiple drones targeted Saudi Aramco's Abqaiq and Khurais oil processing facilities, cutting Riyadh's daily net oil output in half and leading to the suspension of the production of some 5.7 million barrels of oil per day.

Money Brexit deal may be possible, no guarantee of success - EU’s Tusk
Author: 0 Brexit deal may be possible, no guarantee of success - EU’s Tusk

Downing Street is understood to have shared details of the proposed compromise privately with European Union negotiators, which paved the way for detailed formal talks to begin ahead of next week's meeting of European Union leaders. Ms Foster acknowledged there had been a lot of speculation as to what had happened during the Prime Minister's meeting with Irish premier Leo Varadkar in England.

Money Lawmakers press again for stronger Trump action on Turkey
Author: 0 Lawmakers press again for stronger Trump action on Turkey

Trump Sunday announced the USA would be pulling troops out of northern Syria that had kept Turkish and Kurdish forces fighting the Islamic State apart. Kurdish forces have, until many took off for the front lines against Turkey, provided protection for USA installations. "These are very powerful sanctions, we hope we don't have to use them, but we can shut down the Turkish economy if we need to".

Money GM tells workers it's time for the strike to end
Author: 0 GM tells workers it's time for the strike to end

Of the new total, $7.7 billion would be invested directly in GM plants, with the rest going to joint ventures including a potential battery plant near the Lordstown, Ohio, factory that has been idled, the source said. The UAW on Friday morning called for top union and company representatives to gather for an 11 AM "main table" meeting at Detroit Renaissance Center - in part to object to recent negotiating tactics by the Big Three automaker , according to a person familiar with the ...

Money Brexit: EU, UK revive hopes for deal after 'constructive' meeting
Author: 0 Brexit: EU, UK revive hopes for deal after 'constructive' meeting

With the British Parliament and government both rejecting the withdrawal treaty negotiated by Theresa May, and the European Union rejecting a rehash of the treaty with some alternative arrangements for the customs border between EU member-state the Republic of Ireland and the British province of Northern Ireland put forward by Boris Johnson , the United Kingdom is now headed for a clean break with the bloc - or, if anti-Brexit MPs have their way, yet another Brexit delay.

Money China lowers expectations for USA trade talks
Author: 0 China lowers expectations for USA trade talks

Top White House officials met with Chinese Vice Premier Liu He on Thursday as President Trump signaled that a trade agreement may be close behind, buoying US stock markets after a chaotic 12 hours. He said he hoped a productive meeting would persuade the Trump administration to call off or postpone plans next Tuesday to hike tariffs on $250bn of Chinese imports from 25% to 30%.

Money Zuckerberg to testify in US Congress on Facebook digital currency
Author: 0 Zuckerberg to testify in US Congress on Facebook digital currency

Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington a year ago. Mark Zuckerberg , CEO of Facebook , is scheduled to testify in front of the House Financial Services Committee later this month in what is expected to be a thorough grilling regarding Facebook's stablecoin Libra and Facebook's operations in general.

Money 'We too love money more than freedom'
Author: 0 'We too love money more than freedom'

China has accused Western governments of stirring up anti-Beijing sentiment in Hong Kong, which has been roiled by months of sometimes violent protest. Long live the Great Communist Party of China! Basketball is the most popular sport in China, with about 300 million people playing the game. The teams are also supposed to play Saturday in Shenzhen.

Money Wall Street closed in the green on trade talk hopes
Author: 0 Wall Street closed in the green on trade talk hopes

Investors are still hoping for a trade deal , but are not expecting it to come any time soon. The rally came as investors turned hopeful that the USA and China may make some progress in their latest round of trade negotiations after Beijing reportedly signalled that it is open to a partial deal.

Money Hays Travel Purchases Empty Thomas Cook Shops
Author: 0 Hays Travel Purchases Empty Thomas Cook Shops

There is new hope this morning for Thomas Cook staff who were left out of work by the collapse of the travel firm. The Isle of Wight's only Thomas Cook branch closed in Newport last month. Thomas Cook had around 600 stores on United Kingdom high streets. Britain's government on Monday completed the country's biggest peacetime repatriation, returning 140,000 UK-based Thomas Cook customers stranded overseas by the company's bankruptcy.

Money India Slips 10 Places On WEF’s Global Competitiveness Index
Author: 0 India Slips 10 Places On WEF’s Global Competitiveness Index

According to WEF, Singapore comes out on top with a score of 84.8, +1.3 from past year, while the U.S. is in second place with 83.7, -1.9 since 2018. Hong Kong SAR is ranked 3rd, Netherlands is 4th and Switzerland is ranked 5th. South Africa's competitiveness has regained momentum after the recent political landscape shift and climbed seven places in 2019. WEF said on Wednesday that "persistent weakness" in productivity growth in the last 15 years or so meant the global economy was more ...

Money Gold gains as risk sentiment wanes ahead of U.S.-China talks
Author: 0 Gold gains as risk sentiment wanes ahead of U.S.-China talks

Gold is up nearly 18 percent this year and last month hit $1,550 an ounce for the first time since April 2013. United States gold futures slipped 0.5pc to $1,505.30 per ounce. Investors awaited the U.S. Federal Open Market Committee's minutes from its September meeting, due on Wednesday, for clues to whether the Fed will cut rates at its October meeting, in what would be its third interest rate cut for the year.

Money Brexit deal 'essentially impossible' after PM's call with Merkel, source claims
Author: 0 Brexit deal 'essentially impossible' after PM's call with Merkel, source claims

Tuesday's talks between German Chancellor Angela Merkel and UK PM Boris Johnson highlighted the gulf between the two parties, adding to fear that the UK will leave the European Union on October 31 without a deal. The Downing Street official quoted Merkel as saying that a deal now looked "overwhelmingly unlikely", and added that the Brexit talks were "close to breaking down".

Money Tonight's €190 million EuroMillions jackpot was won by someone in the UK
Author: 0 Tonight's €190 million EuroMillions jackpot was won by someone in the UK

The EuroMillions jackpot prize of €190m has been won by a United Kingdom ticket holder, while one lucky player in Dublin is €500,000 richer after matching all five numbers in the Plus draw. In total, over 203,000 players in Ireland won prizes. The odds against winning are normally 140 million to one, tonight the odds are just seven million to one.

Money Dick's CEO says company destroyed $5M worth of assault rifles
Author: 0 Dick's CEO says company destroyed $5M worth of assault rifles

He then revealed that on top of the financial losses, Dick's destroyed all of the assault rifles the company had in stock, about $5 million worth. Stack says the company, which has 720 stores in 47 states, destroyed over $5 million worth of the weapons formerly sold by the outdoor sporting goods company.

Money Samsung flags 56% decline in operating profit in Q3
Author: 0 Samsung flags 56% decline in operating profit in Q3

Samsung Electronics said on Tuesday it expected operating profits to drop more than 50 percent in the third quarter as it struggles with a long-running slump in the global chip market. "The base effect also affected the division's earnings as its second-quarter earnings were abysmal". Samsung appealed to high-end users with the launch of its first foldable smartphone last month after faulty screens forced an embarrassing delay in April.

Money No prospect of UAW agreement with GM in sight
Author: 0 No prospect of UAW agreement with GM in sight

Dittes said union negotiators "could not be more disappointed" with GM's refusal to "recognize the experience and talent of our Membership who make their world-class products and billions of dollars in profits". However, by Sunday, he said the negotiations "have taken a turn for the worse ". GM responded to the UAW's proposal at a few minutes after 9 a.m. Sunday morning, said Dittes.

Money Norton to Speak at Supreme Court on LGBTQ Equality, Tomorrow
Author: 0 Norton to Speak at Supreme Court on LGBTQ Equality, Tomorrow

But Congress has not been able to pass a law clarifying whether or not employers have the right to dismiss employees because of sexual orientation or gender identity, according to the Wall Street Journal. The Supreme Court will hear arguments in the case this winter, and a decision is likely to come by the end of June, four months before the 2020 election.

Money Hong Kong bourse scraps $39-billion play for London Stock Exchange
Author: 0 Hong Kong bourse scraps $39-billion play for London Stock Exchange

In a statement, the board said it still believed a tie-up was "strategically compelling" and "would create a world-leading market infrastructure group". However, Li said pursuing a "combination of the two businesses would not be in the best interests of our own shareholders". "Still, we look forward to next year's attempt".

Money Why Tesla Never Could Have Made Wall Street Happy This Quarter
Author: 0 Why Tesla Never Could Have Made Wall Street Happy This Quarter

Of those 79,837 were Model 3s. The news of regulatory scrutiny emerged on the same day as Tesla reported record-high net orders and deliveries in 2019's third quarter. The credit will completely phased out for Tesla in the first quarter of 2020. That credit, which could be applied toward the sales price of an electric vehicle, was previously worth $7,500 but was cut in half after Tesla hit 200,000 in total sales and is slated to soon be reduced to $1,875.

Money Rocket's general manager's HK tweet angers China
Author: 0 Rocket's general manager's HK tweet angers China

Morey, whose team is one of the most popular in the People's Republic, one of the NBA's most lucrative markets, showed support for demonstrators in the ongoing Hong Kong protests in a tweet on Friday. China's state broadcaster has also delved into the possibility of yanking of Rocket's games from the air in some of the country's broadcasting channels.

Money Unilever to halve use of new plastic as uproar over waste grows
Author: 0 Unilever to halve use of new plastic as uproar over waste grows

The company also promised to help collect and process more plastic packaging than it sells through investments and partnerships in developing waste management facilities in numerous markets that it operates. The new strategy was welcomed by environmental campaigner Ellen MacArthur, who hailed it as a "significant step in creating a circular economy for plastic".

Money HSBC Looks To Axe Up To 10,000 Jobs To Cut Costs
Author: 0 HSBC Looks To Axe Up To 10,000 Jobs To Cut Costs

HSBC may announce the start of the newest cost-cutting drive and job cuts when it experiences third-quarter outcomes later this month, the FT mentioned, citing one particular person briefed on the matter. HSBC is planning to cut a whopping 10,000 jobs. The bank posted a group profit of $12.4 billion in the latest half-year, in which $9.8 billion was from Asia, with Hong Kong contributing $6.4 billion and China $1.5 billion.

Money GE freezes pension plan for 20000 US employees
Author: 0 GE freezes pension plan for 20000 US employees

Pension liabilities exceed assets by more than $559 billion for all the companies in the index. GE closed its pension plan to new employees in 2012, which it said was part of its plan to deleverage the pension program by the end of 2020. A potential ruling will represent Ireland's first decision related to US companies since privacy laws went into effect. He is a former GE employee, though he took a buyout of his pension plan years ago.

Money China Statements 'More Positive' as Trade Talks With US Resume - Kudlow
Author: 0 China Statements 'More Positive' as Trade Talks With US Resume - Kudlow

Markets have been quick to swing on any hint of movement in the U.S. US crude rose 0.11% to $52.87 per barrel and Brent was last at $58.51, up 0.24% on the day. The S&P 500 posted 10 new 52-week highs and 1 new low; the Nasdaq Composite recorded 30 new highs and 91 new lows. The Nikkei 225 lost 34.95 points, or 0.2%, to 21,375.25.

Money CIBC Run for the Cure this Sunday
Author: 0 CIBC Run for the Cure this Sunday

This year's activities include a 1 and 5-kilometre distance run, along with an award and closing ceremony dedicated to breast cancer survivors. "We're all one so we should help each other out", she said. Corporately, CIBC is focused on making a difference for those affected by cancer, as well as supporting persons with disabilities; in the U.S., CIBC focuses its investments in financial literacy.

Money Aston Martin and Zagato celebrate 70th anniversary early with DBS GT
Author: 0 Aston Martin and Zagato celebrate 70th anniversary early with DBS GT

Aston Martin has finally revealed the DBS GT Zagato along with the DB4 GT Zagato continuation as a part of their ultra-exclusive DBZ Centenary Collection. This being a Zagato product, there is of course that double-bubble roof, too. These models are built at Aston Martin Works, with the aim of combining craftmanship with more modern technology.