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Finance

The update came as China reported growth of 6.6 per cent for 2018, its worst performance for 28 years. The central bank forecast growth of 1.7 per cent this year, down from its October prediction of 2.1 per cent. Sterling was a shade firmer at US$1.29 after data showed British workers' pay growth hit a new 10-year high and employment had grown by much more than expected in the three months to the end of November.
  • Cadillac Takes Aim at Tesla With SUV Priced Below Model X

    Cadillac Takes Aim at Tesla With SUV Priced Below Model X

    Finance

    The new electric Caddy SUV will be GMs first electric vehicle to use GM's new third-generation electric-car architecture, with a versatile "skateboard" chassis and a battery-pack design that can accommodate different capacities in the same format.
  • Canadian facing execution in China will appeal his death sentence, lawyer confirms

    Canadian facing execution in China will appeal his death sentence, lawyer confirms

    Finance

    Asked about Australia's support of Canada's position, Hua said she found it "rather odd" because Schellenberg was convicted of helping people who were planning to move methamphetamine from China to Australia. Chinese state media has played up coverage of Schellenberg's case following the deterioration in relations with Canada. "We have very clearly outlined the case's facts and its seriousness", she told reporters.
  • Appalled Baker Says Shutdown Shouldn't Be Hard To Solve

    Appalled Baker Says Shutdown Shouldn't Be Hard To Solve

    Finance

    This is about showing them how a proper celebration looks in adulthood. The South Carolina team, which defeated the University of Alabama's Crimson Tide team by a score of 44 to 16 on January 7, was offered a candelabra-lit spread of hamburgers, fries and pizzas at the presidential residence.
  • Tampa Airport sets up food bank for unpaid TSA employees

    Tampa Airport sets up food bank for unpaid TSA employees

    Finance

    The agency is working with airports and airlines to consolidate operations and get the most out of resources, Gregory added. As the shutdown drags on, President Donald Trump and congressional Democrats have not made progress toward any kind of agreement that would put an end to it.
  • Apple to release three new iPhones this year, one with triple camera

    Apple to release three new iPhones this year, one with triple camera

    Finance

    The XR has struggled to take off since it was launched in October a year ago. The Tame Apple Press thinks that Apple is testing the Chinese market to see if price cuts make the slightest bit of difference. The high-end 2019 iPhone will reportedly feature three rear-facing cameras, we're told, while the other phones will have two rear shooters. In the case of the iPhone XS and XS Max sequel, this will mean jumping from two to three lenses.
  • JLR to

    JLR to "cut 5000 United Kingdom jobs"

    Finance

    It's also been announced that more jobs are likely to be lost at Ford. A spokesman for the union Unite said: "Unite is not aware of any further job losses to those already announced and planned for early in the new year at Jaguar Land Rover , Unite also expects ongoing transparency regarding the hard current climate the automotive sector is operating in the United Kingdom and its impact with the company".
  • Elon Musk Says Tesla is Breaking Ground on Shanghai Gigafactory

    Elon Musk Says Tesla is Breaking Ground on Shanghai Gigafactory

    Finance

    The company plans to build a new factory in China to produce Tesla Model 3 electric vehicles. Tesla Inc . (NASDAQ: TSLA ) has officially broken ground on a new $5-billion USA factory in China, the world's largest automotive market. Wu Qing, a vice mayor of Shanghai , said the Tesla factory, the largest foreign direct investment project on record in Shanghai , was progressing on a rapid pace with the local government's support as Shanghai looked to enhance its manufacturing might.
  • United States destroyer sails in disputed South China Sea amid trade talks

    United States destroyer sails in disputed South China Sea amid trade talks

    Finance

    Officials from both countries are meeting in China this week in the first face-to-face interaction they've had since last November, when they agreed to a 90-day cease-fire in their trade dispute. Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods a year ago and has threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property to hacking.
  • Departures Halted At Heathrow Airport After Drone Reports

    Departures Halted At Heathrow Airport After Drone Reports

    Finance

    More than two weeks after operations were suspended at London Gatwick for reports of a drone sighting, a similar situation affected service through London's Heathrow Airport . Heathrow and Gatwick responded by ordering military-grade anti-drone defenses worth "several million pounds". The exclusion zone around airports is now one kilometre (half a mile) and this will be extended to five kilometres.
  • China slashes banks' reserve requirements again as economy slows

    China slashes banks' reserve requirements again as economy slows

    Finance

    It was the first policy move after the State Council, the country's cabinet, said last month that China would improve its policies on targeted reserve ratio cuts to better support the private sector as well as small businesses. China and the United States will hold vice ministerial level trade talks in Beijing on January 7-8, as they seek to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.
  • Pelosi remains defiant on wall funding as Trump seeks fresh talks

    Pelosi remains defiant on wall funding as Trump seeks fresh talks

    Finance

    Pushing back against some Democrats' calls to charge the president with misconduct and make him leave the White House, Trump said he was untouchable. Democrat Nancy Pelosi is back in the Speaker's chair after eight years. White House press secretary Sarah Sanders told reporters that while Mr Trump was ready to negotiate, his primary goal was keeping Americans safe with a border wall.
  • Cathay Pacific to honour cheap business-class tickets sold in error

    Cathay Pacific to honour cheap business-class tickets sold in error

    Finance

    Seekingalpha.com has article titled " Cathay Pacific Airways (CPCAF) Investor Presentation - Slideshow - Seeking Alpha". Last year , Hong Kong Airlines honored business class tickets erroneously sold at economy fares. If true, the mistake would have cost the airline millions of dollars. The airline did not give any details on how the mistake happened or how many tickets were sold when the discounts were up.
  • Tesla cuts prices as 4Q deliveries miss analysts' estimates

    Tesla cuts prices as 4Q deliveries miss analysts' estimates

    Finance

    Up until now, Tesla buyers have qualified for a $7,500 rebate, good until Tesla sold its 200,000th vehicle. It will gradually be phased out this year. Tesla recognizes that these incentives are major selling points for their vehicles - that's why the company formed the " EV Drive Coalition " with other prominent EV makers in late 2018.
  • Florida Minimum Wage Increases Today

    Florida Minimum Wage Increases Today

    Finance

    Some cities in California, Santa Fe in New Mexico, and the whole state of Nevada, are planning minimum wage increases on July 1. "Working people are struggling to pay their bills, but they see that it's the corporations and the wealthy CEOs who are getting the tax breaks", Owens said.
  • The minimum wage in MA will increase on January 1

    The minimum wage in MA will increase on January 1

    Finance

    In Long Island and Westchester County, the minimum wage is rising from $11 to $12. The Nigeria Employers' Consultative Association (NECA) on Thursday expressed its disappointment over delay in implementation of the new national minimum wage.
  • Sears at Towne East one of 80 stores closing nationwide

    Sears at Towne East one of 80 stores closing nationwide

    Finance

    Also, Sears is closing 80 more stores. Liquidation sales at those stores will begin in two weeks. Two Tampa Bay locations - Kmart on Busch Boulevard and Sears at Citrus Town Center - closed this fall, while another handful of locations will close by the end of the year.
  • CenturyLink outage impacting western Washington 911 services

    Finance

    CRESA said it pushed information about reaching 911 through "all other methods" before sending a message through its Emergency Alert System and Wireless Emergency Alerts systems Thursday evening. It provided no other details, including how many customers were affected. Counties all over the USA reported downtimes of their 911 call centers over the past hours, impacting states such as Washington , Oregon , Minnesota , Massachusetts , Idaho , New Mexico , Missouri , Arizona , ...
  • A transformer explosion turned the New York City skyline blue

    A transformer explosion turned the New York City skyline blue

    Finance

    The light show was vast and could be seen from as far as Manhattan , with residents across the city stopping to take pictures and video to post to social media. Social media lit up with videos and photos of the bright light in the night sky over New York City . "You could see it from the precinct, and the precinct is about a half-mile away", he said.
  • Shoppers head to South Florida malls for last-minute Christmas gifts

    Shoppers head to South Florida malls for last-minute Christmas gifts

    Finance

    Chinook Centre , Southcentre Mall, Sunridge Mall, CrossIron Mills, Market Mall and The CORE are open until 5 p.m. on Christmas Eve and closed on Christmas Day . Sheetz will be open 24/7, offering free coffee to customers on Christmas and New Year's Day . Walmart Supercenter. Usually open 24 hours a day, Walmart Supercenters will close at 6 p.m.
  • Nissan's ex-chairman Carlos Ghosn re-arrested

    Nissan's ex-chairman Carlos Ghosn re-arrested

    Finance

    In addition to being detained while prosecutors probe the case, he is also in pre-trial detention following the formal charges over the first set of allegations. TV camera crews had gathered outside the Tokyo jail on Friday morning in hopes of catching sight of Ghosn being released. They were indicted last week on charges that they under-reported Ghosn's income between 2010 and 2015, and prosecutors received court approval to continue holding them over additional allegations that the ...
  • Trump Wants to Fire Fed Chair Powell

    Trump Wants to Fire Fed Chair Powell

    Finance

    Yet the president has talked privately about firing Powell many times in the past few days, said two of the people. The problem is, if the "cause" is "Trump doesn't like the interest rates" then it really would be for a policy reason, which would destroy the purposefully designed independence of the body.
  • S&P hits 16-month low as Wall St. slides

    S&P hits 16-month low as Wall St. slides

    Finance

    The broader S&P 500 index continued its slump, too, and is down 10.6 percent this month alone, with six days of trading to go. Stocks are opening lower on Wall Street a day after the market took a big plunge. The Dow Jones Industrial Average dropped 500 points, bringing its losses since Friday to more than 1,800 points. The Nasdaq added 18 points, or 0.2 percent, to 6,543.
  • Government to meet fiscal deficit target of 3.3%: Arun Jaitley

    Government to meet fiscal deficit target of 3.3%: Arun Jaitley

    Finance

    Services supplied by the banks to Jan-Dhan account holders to be exempted from GST. At the next meeting in January, the Council will also look at the report submitted by respective GoMs on the nature and shape of calamity tax proposed and threshold limit of exemption under GST for the MSME sector.