Money

Venezuela's self-proclaimed president Guiado speaks with Trump

Venezuela's self-proclaimed president Guiado speaks with Trump U.S. President Donald Trump spoke to Venezuela's self-proclaimed interim president by phone on Wednesday, reiterating support for his "fight to regain democracy", as Washington's push to force socialist President Nicolas Maduro from power picked up steam. [Full Article...]

United States charges Huawei with stealing trade secrets, fraud

United States charges Huawei with stealing trade secrets, fraud Those systems could control everything from self-driving cars to power plants, and Washington fears that the company's close ties to the Beijing government pose major risks of espionage and even tampering. Rather than standing with Canada, the Trump administration chose to protect its relationship with the authoritarian Saudi monarchy at the cost of human rights and the rule of law. [Full Article...]

U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska

U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska Earlier this month, congressional Democrats narrowly failed to pass a measure that would have stopped Treasury from lifting the sanctions, despite attracting the support of 136 Republicans in a significant rebuke to President Donald Trump's administration. [Full Article...]

Caterpillar and Nvidia warnings send Wall Street tumbling

Caterpillar and Nvidia warnings send Wall Street tumbling Shares of Caterpillar , the world's largest heavy equipment maker, fell 9.13 per cent and had their worst day since 2011 after the company's quarterly profit widely missed Wall Street estimates, hit by softening demand in China and higher manufacturing and freight costs. [Full Article...]

Tyson recalls 36,000 pounds of chicken nuggets that may contain rubber

Tyson recalls 36,000 pounds of chicken nuggets that may contain rubber The nuggets were produced on January 10, 2019. People are warned against consuming them. That might sound rather dire, but it's worth noting that there have not been any confirmed cases of illness or injury caused by the rubber nuggets. Consumers should cut off the UPC and date code from the packaging and mail it to Tyson's consumer relations department in North Carolina for a full refund. [Full Article...]

Brazil miner Vale cuts output as disaster death toll rises

Brazil miner Vale cuts output as disaster death toll rises Reuters witnesses saw homes knocked over, roadways washed out and a rail bridge demolished by the wave of mud. TUEV Sued said Monday that it had conducted a periodic review of dams for Brazilian mining company Vale SA in July 2018 and a regular inspection of dam safety in September past year. [Full Article...]

US, China to Discuss Trade Relations on January 30,31

US, China to Discuss Trade Relations on January 30,31 With about a month left in their truce, senior U.S. and Chinese officials will meet in Washington this week, hoping to move towards a deal to end their unprecedented trade war. This could maintain the threat of U.S. tariffs on Chinese goods long term. Moreover, a new complication injected itself into US-China relations on the eve of the talks when the Justice Department brought criminal char... [Full Article...]

Postal Service Suspends Mail Delivery Due to Extreme Cold

Postal Service Suspends Mail Delivery Due to Extreme Cold The USPS sites risky cold as the reason for suspending service. The U.S. Postal Service Spokeswoman, Stacy Hopwood, has not responded to multiple requests for clarification via phone call, text or email. Schools across the city have already canceled classes. There will also be no residential or commercial package pick-up services. Its daytime high Wednesday is forecast to be 15 below zero. [Full Article...]

Venezuela bars self-declared president from leaving country

Venezuela bars self-declared president from leaving country He said he was aware of Trump's "orders" for the Colombian government and the local mafia to kill him. He said more than 850 people were detained between January 21 and January 26, including 77 children, some as young as 12. All oil tankers leaving Venezuelan ports would have to pay for crude before departing, he said. "If the people in Venezuela want to continue to sell us oil, as long as the... [Full Article...]

Porsche to Offer Free Charging on Its First Fully Electric Vehicle

Porsche to Offer Free Charging on Its First Fully Electric Vehicle Porsche has announced that owners of the Porsche Taycan will benefit from three years of free charging at Electrify America charging stations across the United States. It doesn't affect 50-kw CCS fast chargers, or Level 2 chargers. According to a media report, the upcoming Porsche Taycan electric vehicle (EV) can add nearly 100 km to its range after charging for just 4 minutes. [Full Article...]

Man takes Second World War-era grenade to Taco Bell, prompting evacuation

Man takes Second World War-era grenade to Taco Bell, prompting evacuation They said the man was magnet fishing nearby when he reeled in the grenade. The device was determined to be "an authentic WWII hand grenade " and the establishment was reopened, the department said in a followup tweet . A couple, both 35 years old, had the grenade inside a five-gallon bucket with other scrap inside the trunk of their auto, reports the Ocala Star-Banner. [Full Article...]

Tesco insists Irish staff unaffected as supermarket slashes jobs across United Kingdom business

Tesco insists Irish staff unaffected as supermarket slashes jobs across United Kingdom business Tarry added: "We're making changes to our United Kingdom stores and head office to simplify what we do and how we do it, so we're better able to meet the needs of our customers". Bernstein analyst Bruno Monteyne estimated the cost savings of Tesco's latest programme to be 150 million to 170 million pounds a year, with a 50 million pounds restructuring charge taken in the 2018-19 accounts. [Full Article...]

U.S. gives Juan Guaido control over some Venezuelan assets

U.S. gives Juan Guaido control over some Venezuelan assets Treasury Secretary Steven Mnuchin said Citgo in the United States would be able to continue to operate, provided funds go to a blocked account. Guaido said outside the National Assembly building that he's aware of personal risks, but added, "Venezuela is set on change, and the world is clearly conscious of what's happening". [Full Article...]

Tory Remainer and Brexiteer MPs Unite Around ‘Malthouse’ Compromise

Tory Remainer and Brexiteer MPs Unite Around ‘Malthouse’ Compromise Lawmakers in her own party want her to demand a last-minute change to the withdrawal deal to remove the backstop, which they fear could end up trapping the United Kingdom in a permanent customs union with the EU. Another popular amendment, signed by 103 MPs out of 650, says parliament should take over from May in the Brexit talks. But senior European Union officials are entirely sceptical that ... [Full Article...]

Brexit: Government supports amendment for 'backstop alternative'

Brexit: Government supports amendment for 'backstop alternative' The pound's movements have become a barometer of how investors are viewing Brexit talks, and how the United Kingdom economy is faring in light of the impending departure. The EU is open to "alternative arrangements" to the Irish backstop - as cited in a key British legislative proposal on the Brexit treaty - but for now no such alternatives exist, a senior EU negotiator said on Monday (Jan 28). [Full Article...]

USA charges Huawei and its CFO Meng Wanzhou

USA charges Huawei and its CFO Meng Wanzhou The alleged conduct bore the hallmarks not of rogue actors, but of "corporate-sponsored behaviour" that was directed as company policy, acting Attorney General Matt Whitaker told a news conference. "As a country we have to carefully consider the risks a company like Huawei will impose on our national security", he said. "As early as 2007, Huawei employees allegedly began to misrepresent the ... [Full Article...]

US charges Huawei in technology theft, sanctions violations

US charges Huawei in technology theft, sanctions violations Behaviors cited by prosecutors in the T-Mobile case indicate that offenses took place from 2012 to 2014, and that Huawei in July 2013 sent out an internal email that "was offering bonuses to employees who succeeded in stealing confidential information from other companies". [Full Article...]

Oil falls on increased US rig count, China industrial slowdown

Oil falls on increased US rig count, China industrial slowdown No excuses". The country's foreign ministry issued a statement saying that far-left President Nicolas Maduro was suspending the expulsion of U.S. diplomats, to allow for a 30-day window to negotiate with American officials. "It is most important now that Venezuelans themselves should settle all differences that can be between them in the framework of the constitution and the only help that all o... [Full Article...]

WSJ poll: Nancy Pelosi's negatives jumped more than Trump's during shutdown

WSJ poll: Nancy Pelosi's negatives jumped more than Trump's during shutdown This held steady at 43 percent in the Wall Street Journal/NBC News poll , unchanged since the survey taken 10 days prior to the shutdown. The poll, which had a margin of error of 3.5 percentage points, showed that 57 percent of respondents support a Democratic investigation into potential collusion between Trump's campaign and Russia, 61 percent support investigations of suspected financial... [Full Article...]

Saudis Look To Attract $430 Billion In Foreign Investment

Saudis Look To Attract $430 Billion In Foreign Investment Last month, Energy Minister Khalid al-Falih confirmed the kingdom's 2019 budget allocated SAR 33 billion ($9 billion) for the energy , industry, mining and logistics sectors - three times more than the previous budget. Saudi Arabia's government has taken steps to beef up its efforts to tackle graft and abuse of power, Reuters said, but FATF said in September that Riyadh was not effectively ... [Full Article...]


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