Business

Britain's Gatwick airport reopens after 6-hour shutdown over reports of drones

Britain's Gatwick airport reopens after 6-hour shutdown over reports of drones London's Gatwick Airport shut down late Wednesday, Dec. 19, 2018, while officials urgently investigated reports that two drones were flying above the airfield. Gatwick Airport, also known as London Gatwick, is a major worldwide airport near Crawley in West Sussex, southeast England, 29.5 miles south of central London . [Full Article...]

Facebook Allowed Third Parties to View and Delete Users’ Messages

Facebook Allowed Third Parties to View and Delete Users’ Messages The whole debacle is comparable to the technical confusion that enabled Cambridge Analytica to collect data about Facebook user's friends without consent. That Facebook would have deep integrations with third-party partners is not necessarily surprising, as the company's former privacy chief Alex Stamos pointed out. [Full Article...]

Giant Eagle Recalling Red, Green Leaf Lettuce

Giant Eagle Recalling Red, Green Leaf Lettuce Almost 60 people have been reported ill from the current multistate E. coli outbreak, which primarily has been linked to romaine lettuce, according to the U.S. A produce recall from a California grower includes some Giant Eagle products. Consumers with the recalled produce are being asked to return it to the store or to throw it out. [Full Article...]

Google is building a new $1billion NY campus

Google is building a new $1billion NY campus Google put its first office in NY almost 20 years ago, and plans to move into the new campus space by 2020. Google said Monday it will spend $1 billion on a new New York City campus, allowing the company to double its staff there within a decade. [Full Article...]

China to 'cut U.S. auto tariff to 15%'

China to 'cut U.S. auto tariff to 15%' The tariff reduction benefits Daimler and BMW more than USA automakers such as General Motors or Ford Motor Co. The US now charges a 27.5pc tax on imported cars from China. Trump is in the midst of delicate negotiations with China after agreeing to a 90-day tariff truce with Xi at a December 1 dinner in Buenos Aires. China raised duties on United States autos to 40 percent from 15 percent as the... [Full Article...]

House Approves Farm Bill without Tightened Food Stamps Criteria

House Approves Farm Bill without Tightened Food Stamps Criteria The House voted 369-47 to agree to a Farm Bill compromise that includes redefining cannabis plants with no more than 0.3% THC. The legislation has already passed the Senate and is now headed to President Donald Trump, who is expected to sign it. [Full Article...]

ACCC puts Google, Facebook on notice in privacy crackdown

ACCC puts Google, Facebook on notice in privacy crackdown Follow Business Insider Australia on Facebook , Twitter , LinkedIn , and Instagram . This flows through to substantial power when it comes to online search advertising, as well as the referral of traffic to news sites. "The regulatory authority could have the power to investigate complaints, initiate its own investigations, make referrals to other government agencies and publish reports and ... [Full Article...]

Saudi Arabia Juggles Iran and U.S. Shale to Deliver OPEC Deal

Saudi Arabia Juggles Iran and U.S. Shale to Deliver OPEC Deal Saudi Arabia and other big oil producers, huddled in Vienna this week at their last big OPEC meeting of the year, are trying to walk a tightrope between fixing a glutted oil market that has hurt their own economies or keeping U.S. Shale oil production in the USA is the biggest contributor to the rising share of the non-OPEC block in global crude production. Saudi Arabia, de facto leader of th... [Full Article...]

Hasmukh Adhia rumoured to be the next RBI governor

Hasmukh Adhia rumoured to be the next RBI governor The free-market economist Panagariya has been one of the most vocal supporters of Modi's "Gujarat model of growth" and was once considered as a successor to Raghuram Rajan at Reserve Bank of India ( RBI ). Rashtriya Swayamsevak Sangh (RSS) ideologue and RBI board member S Gurumurthy said that he was "surprised" at Patel's resignation. Former prime minister Manmohan Singh termed RBI Governor Urj... [Full Article...]

Huawei CFO seeks bail, cites health fears behind bars: Court documents

Huawei CFO seeks bail, cites health fears behind bars: Court documents She was arrested last week while changing flights in Vancouver and is awaiting possible extradition to the U.S. Chinese Vice Foreign Minister Le Yucheng told Ambassador Terry Branstad that the USA had made an "unreasonable demand" to Canada of detaining Meng while she was passing through Vancouver, China's foreign ministry says. [Full Article...]

Winter storm warning issued for parts of Virginia

Winter storm warning issued for parts of Virginia More than 300,000 people were affected by electricity outages in the Carolinas , Alabama, Tennessee and Georgia on Sunday, while storm warnings remained in place in the south-east "especially North Carolina and Virginia ", the National Weather Service (NWS) said in a tweet . [Full Article...]

Musk Suggests Tesla's New Chairwoman Won't Rein Him In 10 December 2018

Musk Suggests Tesla's New Chairwoman Won't Rein Him In 10 December 2018 In September, the SEC chose to sue him for alleged securities fraud. Musk says "it's not realistic" to think that Robyn Denholm will be reining him in because he remains the electric auto company's largest shareholder. The visionary founder and CEO of EV pioneer Tesla made the comments during an interview with CBS News streaming this morning (AEDT), saying, "The whole point of Tesla is to ac... [Full Article...]

Asian markets tumble, China tech hit after Huawei arrest

Asian markets tumble, China tech hit after Huawei arrest Some element of calm was restored in Asia on Wednesday after supportive comments from Beijing - its first reaction to hopes a new trade agreement between the USA and China could be reached within a 90-day deadline. Her arrest follows reports this year that the Justice Department was investigating whether Huawei had violated American sanctions on Iran . The White House says Trump and his clo... [Full Article...]

Huawei finance chief arrested in Canada as U.S. seeks extradition

Huawei finance chief arrested in Canada as U.S. seeks extradition The report states that Meng is accused of violating the current US trade embargo against Iran. The investigation, launched by the Justice Department in 2016, alleges that Huawei had been shipping US origin products to Iran and the other countries in violation of USA export and sanction laws. [Full Article...]

White House contradicts Trump, says there's no deal with China

White House contradicts Trump, says there's no deal with China As I noted yesterday , the agreement between Trump and Chinese President Xi Jinping seemed to be little more than a series of vague goals with no concrete timeline or definitive way to measure progress. But Kudlow acknowledged on Tuesday that so far they haven't seen any evidence of concrete steps being taken. "I wouldn't read a lot into that myself", said Kudlow, speaking at the Wall Stree... [Full Article...]

Trump to kill old NAFTA to push Congress to approve USMCA

Trump to kill old NAFTA to push Congress to approve USMCA Canada's pressure to include "soft things" like labour standards in the new North American free-trade treaty will help secure critical support for the deal from Democrats in the United States Congress, the Canadian ambassador to the US says. [Full Article...]

Donald Trump and Xi Jinping declare trade truce at G20

Donald Trump and Xi Jinping declare trade truce at G20 The two presidents agreed that the two countries "can and should" ensure success of China-U.S. relations and that coordination, cooperation and stability should be the defining features of bilateral relations, said the Chinese official. Prior to Trump's meeting with Xi, Stanley Chao, managing director of California-based All in Consulting, which assists Western companies in developing business in ... [Full Article...]

USA plans to restrict China's student 'spies'

World leaders began arriving in Argentina ahead of a G20 summit dogged by increasingly strident warnings about the impact on the world economy of threatened U.S. The Kremlin said it was willing to be "patient" in arranging a meeting with Trump. Inside the talks, uncertainty prevailed about how Trump, known for his unpredictability, would behave at what was shaping up as one of the group's mo... [Full Article...]

Fed's Powell signals interest rates near neutral in speech

Fed's Powell signals interest rates near neutral in speech In an interview this week with The Washington Post, Trump said he was not happy with Powell's support for further rate hikes. This should be clarified at the next meeting on December 18-19. But, when taken with the assessment of the Fed leader, it also holds the possibility of clouding the forecast for future rate hikes in 2019. Stock markets began a broad descent toward a correction - a decline... [Full Article...]

Putin: Success in Oil Production Cuts Due to Saudi Arabia

Putin: Success in Oil Production Cuts Due to Saudi Arabia In November 2014, Saudi Arabia chose to maintain production and allow prices to fall, which temporarily halted the USA shale boom but wrecked the kingdom's finances and pushed its economy into recession. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher shortly before the regular session opening, reversing earlier weakness. [Full Article...]


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