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Finance

McVey quit the government in protest at May's Brexit deal. Esther McVey has said she would run to succeed Theresa May as Tory leader and prime minister if she had enough support. McVey told Sky News' Sophy Ridge on Sunday: "I still believe Theresa May's deal is a bad deal", but said: "The choice is between this deal, a bad deal, or no Brexit whatsoever".
  • Official warns of `no-deal` Brexit risk to N Ireland

    Official warns of `no-deal` Brexit risk to N Ireland

    Finance

    The British minister said, however, that she hoped the contingency measures would never be needed as the efforts remain focused on securing a deal from the EU. "The way for my colleagues to avoid that is to vote for the deal". May's top lawyer returned empty-handed from negotiations in Brussels this week.
  • Dick Gephardt: Media, GOP Focusing Too Much on Alexandria Ocasio-Cortez

    Dick Gephardt: Media, GOP Focusing Too Much on Alexandria Ocasio-Cortez

    Finance

    The complaint, filed by the watchdog National Legal and Policy Center, charges the arrangement violated reporting requirements and possibly the $5,000 limit on contributions from federal PACs to candidates. Trent, who was the only member of Justice Democrats to appear on the payroll of Ocasio-Cortez's campaign, did not respond to an inquiry sent to his Justice Democrats email address seeking explanation about the work he was performing for the group while he was being paid by the ...
  • Huawei sues United States over government ban on its products

    Huawei sues United States over government ban on its products

    Finance

    In its USA case, Huawei is taking aim at a provision in the 2019 National Defense Authorization Act . Huawei rotating chairman Guo Ping said in a statement: " The US Congress has repeatedly failed to produce any evidence to support its restrictions on Huawei products ".
  • Bugatti La Voiture Noire revealed as most expensive new vehicle ever

    Bugatti La Voiture Noire revealed as most expensive new vehicle ever

    Finance

    When Germans seized a Bugatti factory in 1940 during World War II, the auto was shipped by train to Bordeaux, but when the train arrived, La Voiture Noire was gone, and it hasn't been seen since. The La Voiture Noire pays homage to the Bugatti Type 57SC Atlantic , which was designed by Jean Bugatti, eldest son of founder Ettore. The amount spent by an unknown German on the new most-expensive auto ever built could buy over 500 Tesla Model 3s .
  • Trump to drop preferential trade treatment for India; Delhi plays down impact

    Trump to drop preferential trade treatment for India; Delhi plays down impact

    Finance

    At President Donald Trump's direction, the USA on Monday announced its intention to terminate preferential tariff systems for Turkey and India which are aimed at bolstering the trading prospects of developing nations. The decision comes as the United States is reported to be making headway in trade negotiations with China aimed mainly at cutting American trade deficits with a deal expected soon.
  • NY makes its pitch -- again -- for Amazon's HQ2

    NY makes its pitch -- again -- for Amazon's HQ2

    Finance

    Some House lawmakers, as well as the CEOs of companies including Mastercard and Goldman Sachs , signed on to the letter. Amazon officials have not commented on the appeal. But he added, "We don't want anyone to think that NY doesn't understand that we are the home of entrepreneurial business, and we want young people coming here and new talent".
  • Gap closing some Canadian stores as part of global restructuring

    Gap closing some Canadian stores as part of global restructuring

    Finance

    Gap Inc. will be closing 230 of their underperforming GAP stores worldwide over the next two years, many of them in the United States and some in Canada. "Separating Old Navy to a standalone company is what we have argued for over the past few years". The separation is expected to be completed by 2020, Gap said.
  • Trump extends China tariff deadline after 'substantial' progress

    Trump extends China tariff deadline after 'substantial' progress

    Finance

    Trump tweeted that the two sides had made "substantial progress" on structural issues, including protection of intellectual property and an end to the forced transfer of USA technology. USA businesses will welcome the decision to delay higher tariffs. US tariffs on $200 billion of Chinese goods had been scheduled to rise to 25 percent from 10 percent at 12:01 a.m.
  • Victoria Secret closing more than 50 stores in North America this year

    Victoria Secret closing more than 50 stores in North America this year

    Finance

    The closings come after a tough holiday period, in which comparable and in-store sales slid at Victoria's Secret and Pink stores. Burgdoerfer said the company expects the store closures and other factors, including recent leadership changes and an upcoming website relaunch, to improve the performance of the company's lingerie brands in the coming year.
  • India strongly objects to Pakistan’s ‘vulgar display’ of an injured IAF personnel

    India strongly objects to Pakistan’s ‘vulgar display’ of an injured IAF personnel

    Finance

    India's foreign ministry branded Pakistan's videos as a "vulgar display" of an injured airman, saying they violated global humanitarian law and the Geneva convention. When the council committee previously considered blacklisting Azhar in 2017 the Chinese Foreign Ministry said there were clear rules for listing a person or group as a terrorist, and that China has always believed the relevant United Nations committee should operate on the principles of objectivity.
  • China Tariff Deadline Extended, More Talks Expected

    China Tariff Deadline Extended, More Talks Expected

    Finance

    The U.S. Tire Manufacturers Association did not comment on the delay, but said it continued to monitor the situation. -Chinese relations will deteriorate and are "hedging their bets" by delaying investment or moving operations, a business group reported Tuesday.
  • American Hero Buys $540 in Girl Scout Cookies

    American Hero Buys $540 in Girl Scout Cookies

    Finance

    She says it was around 34-degrees in Greenville, South Carolina, when the good Samaritan arrived. Greenville is about 140 miles (225 kilometers) northeast of Atlanta. We had no reason to believe that this man was anything other than one of our valuable customers that is helping Girl Scouts power awesome experiences through the Girl Scout Cookie Program.
  • Amtrak Train With 183 Passengers Stranded In Oakridge Amid Snowstorm

    Amtrak Train With 183 Passengers Stranded In Oakridge Amid Snowstorm

    Finance

    An Amtrak train carrying 183 people has been stranded in OR for more than a day and a half in wintry conditions. Irvin confirmed that passengers have not been allowed off the train "due to unsafe weather conditions". In a tweet , Amtrak said: " Passengers on this Train are not being charged for food or water". By Tuesday morning, at least 30cm had accumulated, the weather service said.
  • China says coal handling delayed by environmental checks

    China says coal handling delayed by environmental checks

    Finance

    However potentially dominating the attention of AUD investors next week will be the state of US-China trade talks, with the US now set to increases tariffs next Friday unless there is some kind of Breakthrough. No reason has been given for the ban, but a spokesman for China's foreign ministry said on Thursday that its customs administration was testing coal imports for "environmental protection".
  • Oil nears 2019 highs spurred by OPEC production cuts

    Oil nears 2019 highs spurred by OPEC production cuts

    Finance

    US crude oil stockpiles rose for a fifth straight week to the highest in more than a year, as production hit a record high and seasonal maintenance kept refining rates low last week, the Energy Information Administration said. Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
  • Trump weighs extending China tariff deadline by 60 days

    Trump weighs extending China tariff deadline by 60 days

    Finance

    The US and China have been locked in a trade war since last summer, when Mr Trump, 72, imposed import tariffs on Chinese goods worth hundreds of billions of dollars, prompting China to respond in kind. "From their point of view, they would have dodged a bullet", Green, who was USTR's top official at the USA embassy in Beijing until mid-2018, told Reuters.
  • Opec oil production falls as Saudi Arabia slashes output

    Opec oil production falls as Saudi Arabia slashes output

    Finance

    Oil prices gained almost two percent on Tuesday, supported by OPEC-led production cuts which Saudi Arabia said it would surpass by over half a million barrels per day (bpd) and by US sanctions against Iran and Venezuela . The price of crude has risen 20 percent this year, driven primarily by the prospect of a decline in oil supply from OPEC and other top exporters such as Russian Federation.
  • UK's May seeking common ground in EU divorce deal

    UK's May seeking common ground in EU divorce deal

    Finance

    She said she was prepared to speed up other parts of the ratification process of the Brexit deal if time gets too tight to pass legislation before exit day - a move some interpreted as a sign she was willing to keep negotiating until the last moment.
  • McConnell says Senate will vote on Democrats’ ‘Green New Deal’

    McConnell says Senate will vote on Democrats’ ‘Green New Deal’

    Finance

    The Washington Post's Robert Costa tweeted Tuesday morning: "McConnell is considering taking up the green new deal for a vote in the Senate as a way to rattle Sen Dems, per a McConnell aide here at the [Capitol]". "The green dream, or whatever they call it, nobody knows what it is, but they're for it, right?" she said . "So let me ask you then", Cheney asked, "are there any other witnesses on the panel who do support the Green New Deal?" When the resolution came out on Thursday, ...
  • Trump reportedly will ban Chinese telecom equipment next week

    Trump reportedly will ban Chinese telecom equipment next week

    Finance

    Vodafone, which has "paused" deployment of Huawei equipment in its core networks until Western governments give the Chinese firm full security clearance, has Huawei as one of its technology partners in 5G testing in Milan. He also reiterated that the company's products have never harmed national security of any country in the world. It is likely that Trump may sign an order banning use of Chinese telecom equipment in US networks citing security issues.
  • Canadian cryptocurrency exchange QuadrigaCX seeks creditor protection after founder's death

    Canadian cryptocurrency exchange QuadrigaCX seeks creditor protection after founder's death

    Finance

    His security measures and controls are understandable. The problem is those riches are now out of reach after the death of the exchanges founder — the only person known to have the password for the “cold wallet” storage. The Nova Scotia Supreme Court has granted Canadian cryptocurrency exchange QuadrigaCX temporary creditor protection by issuing a 30-day to prevent any lawsuits against the company from moving forward.
  • Bezos Says National Enquirer Tried to Blackmail Him With Intimate Photos

    Bezos Says National Enquirer Tried to Blackmail Him With Intimate Photos

    Finance

    Bezos says that the Enquirer is threatening to publish even more embarrassing photos of him if he doesn't put a stop to an investigation now underway by a private investigator hired by Bezos . AMI has not commented on the matter. According to messages shared by Bezos in a blog post , AMI offered to not publish the material if he agreed to back off an investigation of the newspaper company.
  • Facebook posts strong profits as users grow 9%

    Facebook posts strong profits as users grow 9%

    Finance

    Facebook CEO Mark Zuckerberg at the F8 developer conference. ALSO READ | Whatsapp shutdown sends Twitterati into frenzy , Was it not working for you too? New data-privacy rules in Europe may have limited this data harvesting slightly, but that's hit smaller competitors more than the two giants.
  • U.S. job gains largest in 11 months; unemployment rate rises

    U.S. job gains largest in 11 months; unemployment rate rises

    Finance

    The average hourly earnings for all employees on private non-farm payrolls increased three cents, to $27.56 last month. "Today's jobs numbers show a strong and growing US economy", Brady said on Friday. Some of the best forecasters in the country had predicted job gains of about 170,000, a substantially lower figure. US employment numbers surged in January 2019, but wages stagnated in the latest US Bureau of Labour Statistics (BLS).
  • Amazon Shares Drop on Concerns of Rising Costs, India Growth

    Amazon Shares Drop on Concerns of Rising Costs, India Growth

    Finance

    Amazon topped $10 billion in revenue for the advertising side of its business in 2018, as the e-commerce giant invested in its marketing products to entice more brands to spend on its platform and promote their products. The company has more than 100 million Prime members globally. In the United States, the company shipped more than 1 billion items for free over the holidays with Prime.