Money

Renault-Nissan chairman Carlos Ghosn faces arrest and dismissal over misconduct claims

Renault-Nissan chairman Carlos Ghosn faces arrest and dismissal over misconduct claims The Tokyo District Public Prosecutors Office declined to comment. The news comes as a shock in Japan where Ghosn, a rare foreign top executive, is well-regarded for having turned Nissan around from near-bankruptcy. Brazilian-born, of Lebanese descent and a French citizen, Ghosn began his career at tyre manufacturer Michelin in France, before moving on to Renault. [Full Article...]

Honda Teases New Passport SUV Ahead Of LA Debut

Honda Teases New Passport SUV Ahead Of LA Debut The Japanese automaker was coy about any other details on the new vehicle. The new Honda Passport was designed and engineered - and will be assembled - entirely in-house, and will become the fourth model in the brand's CUV line-up, lining up in Honda dealerships next year alongside the entry-level HR-V, as well as the CR-V and Pilot. [Full Article...]

French protests against fuel tax hikes see one protester killed, scores injured

French protests against fuel tax hikes see one protester killed, scores injured Almost 283,000 people were estimated to have taken part in more than 2,000 protests at roundabouts and on major highways and thoroughfares across the country on Saturday, the Interior Ministry said . Ecology minister Francois de Rugy confirmed the government's commitment to the policy Sunday, telling Le Parisien that France needed to get itself out of the "trap" of fossil fuel reliance. [Full Article...]

Deadly salmonella outbreak forces USDA to recall raw turkey

Deadly salmonella outbreak forces USDA to recall raw turkey It's the first brand to be named in the yearlong outbreak investigation that has sickened more than 160 people in 35 states. There has only been one case of salmonella linked to Jennie-O turkey. Illness typically lasts four to seven days. Older adults, infants, and persons with weakened immune systems are more likely to develop a severe illness. [Full Article...]

FDA to crack down on flavored vapes, menthol cigarettes

FDA to crack down on flavored vapes, menthol cigarettes The US Food and Drug Administration wants people to cool it with the menthol cigarettes. Koval said the number of high school students using e-cigarettes almost doubled in just one year. This afternoon, the FDA announced that they will begin the process to ban menthol-flavored cigarettes and create new steps to prevent teens from having access to flavored tobacco products. [Full Article...]

House Republicans elect McCarthy as leader with eye to 2020

House Republicans elect McCarthy as leader with eye to 2020 With Ryan headed for the exits , McCarthy, the current No. 2 House Republican , had always been viewed as the heavy favorite to become minority leader in the new Congress, the highest-ranking GOP leadership post with Republicans in the minority after losing control of the House of Representatives in the midterm elections. [Full Article...]

Video Woman abuses Air India crew after being denied alcohol

Video Woman abuses Air India crew after being denied alcohol The incident reportedly took place on November 10 when the Air India flight AI-131 was on its way to London from Mumbai . The London Metropolitan Police confirmed to Business Insider on Wednesday that O'Broin was arrested when she landed at Heathrow Airport "on suspicion of racially aggravated public order, common assault, and drunk and disorderly and taken to a west London police station. [Full Article...]

Theresa May wins cabinet backing for Brexit deal

Theresa May wins cabinet backing for Brexit deal The Prime Minister said the draft deal "takes back control" of money, law and borders, ensures the United Kingdom leaves customs union, the Commons Fisheries Policy and the Common Agricultural Policy and maintains "frictionless trade" across borders. [Full Article...]

$1.5 Billion Mega Millions Jackpot is Still Unclaimed 3 Weeks After Drawing

$1.5 Billion Mega Millions Jackpot is Still Unclaimed 3 Weeks After Drawing The previous record Mega Millions jackpot of $656 million on March 30, 2012, was shared by winners in Illinois, Kansas and Maryland, while a $648 million jackpot was won in California and Georgia on December 17, 2013. Tony Cooper, the chief operating officer with the South Carolina Education Lottery, suggested that the victor sign the back of the lottery ticket, keep it in a safe location and re... [Full Article...]

Trump tweet snuffs oil rally as OPEC and markets warn of oversupply

Trump tweet snuffs oil rally as OPEC and markets warn of oversupply Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias. Even as the Saudis have promised to reduce output, United States production reached 11.6 million bpd in the most recent week, a new record. The IEA estimates total USA oil supply will rise by 2.1 million bpd this ... [Full Article...]

Cheers, fears as Amazon unveils headquarters plan

Cheers, fears as Amazon unveils headquarters plan It's not just talk from NY elected officials either. Long Island City has the most parking complaints per resident in New York's five boroughs, and also ranks No. The Texan city had offered economic incentives worth up to $US1.1 billion ($US22,000 for each of the 50,000 jobs). "Offering massive corporate welfare from scarce public resources to one of the wealthiest corporations in the world ... [Full Article...]

Markets Right Now: Technology stocks lead U.S. market lower

Markets Right Now: Technology stocks lead U.S. market lower The S&P 500 index dropped 54.79 points, or 2 percent, to 2,726.22. Nearly all market sectors ended the day in negative territory with tech stocks falling 5.54 per cent, discretionary consumer goods by 2.31 per cent, energy 2.14 per cent and both finance and industrials by 1.99 per cent. [Full Article...]

Oil price drops amid fears over demand

Oil price drops amid fears over demand USA crude futures (CLc1) lost $2.64, or 4.3 percent, to hit $57.30 a barrel, lowest since December 2017, as of 12:18 a.m. EST (1718 GMT). Oil's fall accelerated on Tuesday, with USA futures dropping to lows not seen in 11 months due to ongoing worries about weakening global demand, oversupply and selloffs across other asset classes, including equities. [Full Article...]

US pilots say flyers not told of 737 Max safety risks

US pilots say flyers not told of 737 Max safety risks Boeing sells the single-aisle Boeing 737 aircraft in two versions, the classic Boeing 737 NG and the new generation Boeing 737 MAX. The error Capt Thomas refers to involves a sensor which could erroneously indicate that the aircraft nose is dangerously high. [Full Article...]

Oil prices climb as Falih calls for 1m bpd global output cut

Oil prices climb as Falih calls for 1m bpd global output cut On Monday, oil prices dipped slightly as Washington's sanctions against Iran and waivers from the sanctions came into force on this day. Meanwhile, WTI has traded at a discount of $8 to $10 per barrel relative to the global Brent crude benchmark recently. [Full Article...]

Six key questions about Theresa May's Brexit deal

Six key questions about Theresa May's Brexit deal Details of the agreement have not yet been released, but Nigel Dodds, the deputy leader of the Northern Irish Democratic Unionist Party told Reuters , "The trick will be for Theresa May , can she satisfy everyone?" Former foreign secretary Boris Johnson , a leading Brexit supporter who quit the government in July over May's approach, said he would fight the draft agreement. [Full Article...]

Apple Stock Hits a Three Month Low Amid Warnings from iPhone Suppliers

Apple Stock Hits a Three Month Low Amid Warnings from iPhone Suppliers Semiconductor stocks were broadly lower with the Philadelphia Semiconductor Index losing 4.4 per cent. Lumentum makes the vertical cavity surface-emitting lasers, or VCSELs, that Apple uses for its latest iPhones that come with 3-D facial recognition. [Full Article...]

UK’s May Expected to Unveil Brexit Draft to Ministers at Cabinet Meeting

UK’s May Expected to Unveil Brexit Draft to Ministers at Cabinet Meeting Boris Johnson claimed Mrs May is on the brink of "total surrender" to the European Union over Brexit as he urged the Cabinet to mutiny against the Prime Minister's withdrawal agenda. While officials choreograph the biggest divorce deal in European Union history, it remains unclear whether May can get a deal through parliament, where opponents have said she is betraying Brexit by signing up ... [Full Article...]

Facebook outage impacts thousands across US

Facebook outage impacts thousands across US The outage, caused by a test the social network was conducting, lasted about 40 minutes. WhatsApp and Facebook Messenger were also out of service, though Instagram remained up and running. Facebook seems to be experiencing some issues Monday afternoon. Similar messages greeted people using the Facebook app. A check of DownDetector showed Wichita's outage was minor compared to the East Coast. [Full Article...]

UFO investigation after pilots report fast-moving lights over Ireland

UFO investigation after pilots report fast-moving lights over Ireland The Irish Aviation Authority says it's launched an investigation into the incident. Amy Lieu is a news editor and reporter for Fox News. He also claimed that he saw " multiple objects following the same sort of trajectory ", but concluded that those could have been meteorites. [Full Article...]


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