Business

Exit from Brexit? I'd like it, but it's unlikely: German foreign minister

Exit from Brexit? I'd like it, but it's unlikely: German foreign minister Prime Minister wrote in the Sunday Telegraph that she would be battling for Britain and Northern Ireland in order to get rid of the agreement's unpopular backstop provision. Under the backstop, the United Kingdom would remain in a customs union with the EU in the absence of a trade deal, and Northern Ireland would stay aligned to some EU rules. [Full Article...]

Facebook’s growth not troubled by scandals and privacy rage

Facebook’s growth not troubled by scandals and privacy rage The business had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. Facebook's increased its user base in the USA and Europe, with profits up $6.9bn (£5.3bn) despite a year of scandals plaguing the social media giant. [Full Article...]

Fed Changes Course, Signals Pause on Rate Hikes

Fed Changes Course, Signals Pause on Rate Hikes The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given global economic pressures and mild inflation. To sum up, the FOMC was dovish both on the interest rate policy and the balance sheet policy. "We're not favoring the USA market, but we're happy to own Treasuries", said Schroders Plc portfolio manager Angus ... [Full Article...]

NITI Aayog clarifies report saying 'unemployment at 45-year high' not verified

NITI Aayog clarifies report saying 'unemployment at 45-year high' not verified Mohanan told NDTV that he had quit over "disagreements" with the government on the release of a jobs survey and concerns about it being buried in election season. The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent i... [Full Article...]

US Opens Trade Talks With China

US Opens Trade Talks With China USA and Chinese negotiators on Wednesday opened two days of high-level talks aimed at settling a trade war that has weakened both economies. "Meetings are going well with good intent and spirit on both sides", Trump wrote . In a sign that Beijing is serious about addressing USA complaints, Chinese lawmakers this week completed a second review of a new law that is aimed at protecting the IP of... [Full Article...]

Russia Vows To Defend Its Venezuelan Oil Assets

Russia Vows To Defend Its Venezuelan Oil Assets National Security Adviser John Bolton said President Nicolás Maduro and his allies could "no longer loot the assets of the Venezuelan people". "We are waiting for you and the commitment you have to our constitution", Guaido said at a Sunday news conference. [Full Article...]

U.S. officially files criminal charges against Huawei executive

U.S. officially files criminal charges against Huawei executive Acting US Attorney General Matthew Whitaker led a news conference this afternoon, during which he explained that a grand jury in Seattle had indicted two affiliates of Huawei on 10 federal crimes related to accusations that Huawei stole technology from T-Mobile. [Full Article...]

Memos: Facebook allowed 'friendly fraud' to profit off kids

Memos: Facebook allowed 'friendly fraud' to profit off kids While Facebook did not develop the games in question, payments were made through its system which, at the time, did not have additional measures in place that required parents to re-verify card use if a child was spending more money. She also said it would "make sense to start refunding for blatant FF-minor". None of the unsealed records, however, directly tie Facebook's tolerance of " friendly ... [Full Article...]

Oil Market Roundup - Friday Week 4

Oil Market Roundup - Friday Week 4 More broadly, the slide in USA oil followed a tumble in global stock markets on Tuesday, with investors anxious about the threat of a widespread economic slowdown. Venezuela's crude is so heavy it must be blended with naphtha, a liquid hydrocarbon mixture used to dilute oil so that it can be transported. Sanctions would likely accelerate those trends. [Full Article...]

White House: President Trump OK with second shutdown over border spat

White House: President Trump OK with second shutdown over border spat Pelosi rescinded her invitation to Trump to deliver his State of the Union speech in the House chamber on January 29, citing security concerns due to the shutdown. The lynchpin in the standoff is Trump's demand for $5.7 billion USA for his proposed wall at the U.S. -Mexico border, a project Democrats consider an ineffective, wasteful monument to a ridiculous Trump campaign promise. [Full Article...]

Maduro rejects Europe ultimatum

Maduro rejects Europe ultimatum Guaido says he is acting in accordance with two articles of the constitution that give the National Assembly president the right to hold power temporarily and call new elections . But as the sun set on Venezuela's capital, the Foreign Ministry issued a statement saying Maduro's government was suspending the expulsion to provide a 30-day window for negotiations about setting up a "U.S. [Full Article...]

Bing blocked in China

Bing blocked in China Bing was the last major foreign search engine operating in China after Google pulled out in 2010 . Microsoft's search engine Bing.com is no longer accessible in China. Google recently suffered a backlash and protests from its employees over the company's covert attempt to get back into China . Microsoft has largely been adept at working with Chinese authorities to ensure its services a... [Full Article...]

Venezuela's Maduro Says Government Will Defend Citgo

Venezuela's Maduro Says Government Will Defend Citgo Venezuelan Defense Minister Vladimir Padrino Lopez said that the armed forces do not recognize Guaido as interim president. Canada, the U.S., Brazil, Germany and other countries have recognized Guaido as Venezuela's president. Counter protests also have been organized by the Venezuelan government, which has accused the opposition of provoking violence. Guaido, who has galvanized Venezuela's op... [Full Article...]

Trump vows to use economic, diplomatic powers to restore Venezuela

Trump vows to use economic, diplomatic powers to restore Venezuela The United States, Canada and more than a dozen Latin American countries have rallied around Guaido. The leftist leaders of Mexico, Cuba and Bolivia are backing Maduro. The department says it's taking the step for security reasons and that the embassy in Caracas will stay open. The US State Department said that as it no longer recognised Maduro as president, it did not accept his authority to ... [Full Article...]

FAA Halts Flights At LaGuardia Airport Due To Government Shutdown

FAA Halts Flights At LaGuardia Airport Due To Government Shutdown The staffing problems were at air traffic centers in Jacksonville, Florida and a Washington D.C. center that controls high-altitude air traffic over seven states. The reason is described as a shortage of flight traffic controllers at the airport. Earlier Thursday the Senate failed to end the shutdown - the longest in US history - voting down two competing proposals that would have ended the im... [Full Article...]

China's Economic Growth Slowest Since 1990

China's Economic Growth Slowest Since 1990 While there's no denying the fact that China has done a marvellous job of pulling more than 300 million of its people out of poverty in three decades, much of its meteoric economic growth has been driven by debt. Production of plastics, metals and specialized industrial machinery accelerated, "suggesting warming expectations for a pick-up in investment", Chaoping Zhu of J.P. [Full Article...]

Google fined $79m for breaching GDPR law

Google fined $79m for breaching GDPR law The company's infringements "deprive the users of essential guarantees regarding processing operations that can reveal important parts of their private life", the commission said. However, the GDPR provides that the consent is " specific " only if it is given distinctly for each goal. The maximum fine for large companies under the new law is 4% of annual turnover, meaning the theoretical maxim... [Full Article...]

Bearish and bullish drivers of oil prices in 2019

Bearish and bullish drivers of oil prices in 2019 A separate report from China's National Bureau of Statistics showed crude oil refinery throughput in 2018 climbed to a record 12.1 million barrels per day, up 6.8 percent from the previous year. EIA's January Short-Term Energy Outlook forecasts that world benchmark Brent crude oil will average $61 per barrel (b) in 2019 and $65/b in 2020, an increase from the end of 2018, but overall it will r... [Full Article...]

GM electric vehicle strategy last opportunity for success

GM electric vehicle strategy last opportunity for success General Motors' luxury brand Cadillac is beginning a full-on assault on brand identification in order to take back America's hearts as a status symbol for opulence. That would be an all-new, fully electric vehicle for Cadillac . However, electric cars , including battery- and fuel cell-electric cars, are very much the focus of Cadillac's future. [Full Article...]

May's govt faces no-confidence vote after huge Brexit defeat

May's govt faces no-confidence vote after huge Brexit defeat The Ministry of Defence said it was supporting no-deal preparations across government to ensure there are "effective and proportionate contingency plans in place". "No sensible person goes into a negotiation and says I will agree with whatever you want because I have to have any deal". But the further May moves towards softening Brexit, the more she alienates dedicated Brexiteers in her own part... [Full Article...]


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