Economy

by | February 20, 2019 | 04:41

According to multiple sources, including the BBC , The Japanese vehicle manufacturer will announce its intention to close its Swindon plant amid unfavourable trading conditions brought about by Brexit . The EU-Japan Economic Partnership Agreement, in force since February 1, ensures that the bloc's 10 percent tariff on Japanese auto imports will be reduced to zero over the next 10 years.

by | February 15, 2019 | 08:46

There will now be no HQ2 location in the Big Apple . "It shows that everyday Americans still have the power to organize and fight for their communities and they can have more say in this country than richest man in the world ". Instead, the e-commerce giant will move forward with existing plans in Virginia and Nashville and continue to hire across its 17 tech hubs and corporate offices in the U.S.

by | February 14, 2019 | 07:55

Before U.S. sanctions came into force at the end of January, Washington shipped large amounts of naphtha to Venezuela. Sechin said in the letter that the supply cuts with OPEC play into the hands of the USA, which has emerged as the world's largest oil producer.

by | February 14, 2019 | 07:13

US campaign against Huawei faces challenge in Eastern Europe / WSJ (paywall)"In the Czech Republic, officials have taken opposite sides on how to balance security concerns raised by the USA, and the country's own cybersecurity officials, with the desire for Chinese investment, trade and business opportunities".

by | February 13, 2019 | 04:41

Her relationship with her father is sometimes troubled, and one Indigenous source said it is "impossible to talk about Jody without talking about her dad". "Maybe she'll still be the prime minister". In a hint that the situation could grow more complicated for Trudeau, Wilson-Raybould has retained former Supreme Court Justice Thomas Cromwell to advise her on how much she can say about the SNC-Lavalin case.

by | February 12, 2019 | 12:42

Some of her cabinet members also quashed the idea, with International Trade Secretary Liam Fox calling Mr Corbyn's proposal a "dangerous delusion". Mr Johnson suggested he could back the Brexit deal if it included a time limit and unilateral exit mechanism from the Irish border backstop, but the former foreign secretary warned putting the changes in a codicil to the withdrawal agreement would not be good enough.

by | February 10, 2019 | 07:41

But after winning one of two so-called HQ2 bids in November-and its 25,000 jobs-New York is reconsidering because of opposition from local politicians, according to a report in the Washington Post citing two people familiar with the situation.

by | February 08, 2019 | 10:27

Bezos is Amazon's largest shareholder, with a stake of about 16 percent. Actually, for me it wasn't just unusual - it was a first. I was made an offer I couldn't refuse. He posted an email from Dylan Howard , the chief content officer at AMI, which outlined in detail the photographs they allegedly have in their possession.

by | February 08, 2019 | 09:42

Consequently, the reverse repo rate under the LAF stands adjusted to 6.0 per cent, and the marginal standing facility rate and the Bank Rate to 6.5 per cent. The RBI has forecast inflation to be in the range of 3.2-3.4 per cent in April-September 2019, lower than its earlier prediction of 3.8-4.2%. Four of six members of the MPC voted to cut the rates, while all six voted for a change in the stance.

by | February 08, 2019 | 00:20

USA crude oil inventories C-STK-T-EIA climbed by 1.3 million barrels in the week that ended February 1, to 447.21 million barrels, data from the Energy Information Administration (EIA) showed on Wednesday. The key story supporting the market and driving the price action is the OPEC-led production cuts. Meanwhile US WTI crude rose to $55.53. The report revealed that there have been encouraging signs in trade talks between the U.S.

by | February 06, 2019 | 05:28

It revealed an operating margin of 21 percent for the fourth quarter , which was lower than the projected 22 percent margin and the 23 percent margin it reported in Q4 2017. (The company said its growth in capital spending and hiring will moderate this year.) Stock watchers appeared to focus on the negative for Google. On Monday Apple briefly became the world's most valuable company once again as investors continued to absorb its better than expected results from last week.

by | February 04, 2019 | 17:07

Among the unemployed, the number who reported being on temporary layoff increased by 175,000. While employment grew, hourly wages dipped lower than usual with a 0.1% increase, less than the predicted 0.3% estimate. But since Congress agreed to pay these workers retroactively, they were employed . The number of employees working part-time for economic reasons spiked in January.

by | February 03, 2019 | 21:01

It is also predicted to wreak havoc on the Irish economy, costing thousands of jobs. Following the vote, Goldman Sachs nudged up its estimated probability of a no-deal Brexit to 15pc from 10pc. LANGFITT: But not everyone in Dublin thinks the Irish government has played the Brexit border issue wisely. But its inclusion in Mrs May's Withdrawal Agreement - the legally binding element of her Brexit deal - has been a major sticking point in getting the deal through the Commons.

by | February 01, 2019 | 00:44

The government's failure to release the NSSO report was the latest sign of a complete lack of transparency regarding jobs data , they said. The survey has become a political issue after the acting chairman and another member of the body that reviewed the job data resigned saying there was delay in its release.

by | February 01, 2019 | 00:09

Trade talks with Chinese officials in Washington are going well, President Donald Trump said on Thursday as he prepared to meet a top official from China at the White House , Trend reports referring to Reuters . President Donald Trump has said he favors a healthy Chinese economy, but not at the expense of American business and know-how. He has also threatened new tariffs on the remainder of Chinese goods shipped to the United States.

by | January 30, 2019 | 02:57

In a statement issued on January 26, the European Union called for the "urgent holding of free, transparent and credible presidential elections in accordance with internationally democratic standards and the Venezuelan constitutional order".

by | January 29, 2019 | 06:00

A 13-count indictment was unsealed earlier today in federal court in Brooklyn, New York, charging four defendants, including Huawei Technologies Co. U.S. commerce secretary Wilbur Ross stated that the Huawei charges were "wholly separate" from ongoing trade negotiations with China. That violated USA laws, the Justice Department said, because the Iran business involved US-dollar transactions processed by banks through the United States.

by | January 28, 2019 | 06:14

The report further notes that Angry Birds developer Rovio expressed concern to Facebook over its "high" chargeback rates, and that a resulting internal analysis yielded a startling pair of facts: "I$3 n almost all cases, about 93 percent of the time, the refunds were a result of credit card holders not realizing the game was charging their account", the report states.

by | January 28, 2019 | 05:54

Over the past four weeks, motor gasoline product supplied averaged 8.7 million barrels per day, down by 0.1 percent from the same period previous year. The question is whether Canada can get them enough oil to slake their demand. Drillers added 10 oil rigs in the week to January 25, bringing the total count to 862, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.

by | January 28, 2019 | 04:31

It doesn't mean that I don't want border security. I do. Mulvaney said Sunday that part of the reason the government was reopened was to "take the Democrats at their word" that they would be willing to negotiate the terms of a border barrier deal.