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Finance

Trump himself said Bush had "inspired generations of his fellow Americans to public service". "Facts have proven that China and the US have more common interests than differences, and have greater need for cooperation than friction". China calls the United States protectionist and has resisted what it views as attempts to intimidate it. "Should there be any other aspirations, such as taking advantage of the trade spat to throttle Chinese growth, then an agreement is unlikely to be ...
  • Carlos Ghosn: Custody 'extended by 10 days'

    Carlos Ghosn: Custody 'extended by 10 days'

    Finance

    However, Ghosn is temporarily incapacitated of his position and the Board of Directors have appointed Thierry Bollore as the temporary Deputy Chief Executive Officer (CEO) who will be leading the management for the time being and will be exercising the same powers which Carlos Ghosn had as the CEO of the company.
  • Black Friday: Some of our favorite early tech deals

    Black Friday: Some of our favorite early tech deals

    Finance

    Best Buy Thanksgiving hours: With some of the best holiday sales offered this year, Best Buy will be open at 5 p.m. on Thanksgiving until 1 a.m. on Black Friday , reopening. Currys PC World customers were told they could save £10 on a Sony compact camera advertised as £189 on Black Friday. It was also cheaper by £10 or more at least 43 times in the six months following Black Friday, including 33 days in December and January.
  • Nissan chief executive will be arrested on financial trading violations - Japanese media

    Nissan chief executive will be arrested on financial trading violations - Japanese media

    Finance

    The companies have worked as an alliance for nearly a two decades and Brazilian-born Mr Ghosn has led a dramatic turnaround at Nissan over the last two decades, rescuing it from near-bankruptcy. Nissan's Carlos Ghosn, one of the auto industry's star executives, now faces dismissal by the Japanese vehicle maker, and has been arrested. A spokesman for France's finance ministry declined to comment on the news.
  • One dead, dozens injured in French protests over fuel prices

    One dead, dozens injured in French protests over fuel prices

    Finance

    One protester died in a road accident in Pont-de-Beauvoisin in the southeastern region of Savoie when a panicked female driver ran over a woman after protesters surrounded her auto and starting banging on the hood. French Prime Minister Edouard Philippe, standing firm against a wave of grassroots protests, said Sunday that fuel tax hikes would remain in place despite nationwide agitation.
  • Quicktake: Why are oil prices plunging?

    Quicktake: Why are oil prices plunging?

    Finance

    US West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. The prices of the USA dollar against the Iranian Rial saw a decline of around 10 percent from the closing hours of trading on Saturday until Wednesday - the end of trading in the week.
  • Oil producers see oversupply, eye cutting output

    Oil producers see oversupply, eye cutting output

    Finance

    West Texas Intermediate crude also dropped to a nine-month low, below $60 a barrel. Saudi Arabia expressed the need for oil producers to cut 1 million barrels a day from October levels and announced fewer shipments from next month, as OPEC and its allies began laying the groundwork to reduce oil supply in 2019, reversing an nearly year-long expansion.
  • Alibaba Singles Day smashes $25 billion sales record

    Alibaba Singles Day smashes $25 billion sales record

    Finance

    While the company surpassed last year's sales just before 4pm, the rate is slower than last year when it broke the 2016 record around four hours earlier at midday. Chinese e-commerce platforms have come under fire in the past for peddling low-quality and counterfeit items. Health supplements topped the list of most popular imported items purchased by consumers in China as of 12pm, followed by milk powder, facial masks and milk powder, according to Alibaba .
  • Boeing is said close to issuing 737 Max warning after crash

    Boeing is said close to issuing 737 Max warning after crash

    Finance

    The FAA said the problem "could cause the flight crew to have difficulty controlling the airplane, and lead to excessive nose-down attitude, significant altitude loss, and possible impact with terrain". United Technologies supplies the angle-of-attack sensors and indicator for the 737 Max, according to Airframers.net. Honeywell International Inc. provides the air data inertial reference unit.
  • Tesla names Robyn Denholm new chairman, overseeing Elon Musk

    Tesla names Robyn Denholm new chairman, overseeing Elon Musk

    Finance

    The electric auto and solar panel company's board on Thursday named Australian telecommunications executive Robyn Denholm as chairman, effective immediately. Musk was required to pay the commision 20 million dollars which Tesla also accepted a 20 million dollar fine. Elson said the company should have brought in someone from outside to be chairman, and that no matter how talented Denholm may be, she has a shadow over her of being on the board that did little as Musk misbehaved.
  • Lowe’s to close 51 locations, including Gurnee store

    Lowe’s to close 51 locations, including Gurnee store

    Finance

    Most associates at theses stores will be extended opportunities to transition to a similar role at a nearby Lowe's store. While there are closures across the country, stores in Saskatchewan will not be affected. Lowe's has been struggling to keep up with its larger rival Home Depot . The company is also closing 31 stores in Canada. Last year, Home Depot's revenue hit more than $100 million, while Lowe's sales were below $70 million.
  • China Premier Li Keqiang is optimistic on US-China relations

    China Premier Li Keqiang is optimistic on US-China relations

    Finance

    The conversation was mainly about trade , but also about North Korea. Chinese President Xi Jinping sought to reassure Chinese entrepreneurs at a meeting yesterday with promises to prop up private companies with lower taxes and more funding, as he acknowledged uncertainty in China's economy.
  • PM Imran calls on Li Keqiang, lays floral wreath at Heroes Monument

    PM Imran calls on Li Keqiang, lays floral wreath at Heroes Monument

    Finance

    He said: "My party has only been in power for two months. Unfortunately we have inherited a very hard economic situation", Khan said. "Countries go in cycles". He said with Pakistan having oldest relationship with China, it was the only friendly country in the world on whom people in Pakistan felt they could always depend in the hour of need.
  • Oil Prices Fall 2% on Rising Supply and Trade War

    Oil Prices Fall 2% on Rising Supply and Trade War

    Finance

    The looming sanctions on Iran's energy sector, which go into full force November 4, have played a major part in the oil market's rally to almost four-year highs in early October. However, the waivers seem to be making the sanctions totally irrelevant, as the countries receiving them account for a lion's share of the oil Iran exports.
  • IBM challenges Amazon with $34bn takeover of Red Hat

    IBM challenges Amazon with $34bn takeover of Red Hat

    Finance

    At 2 p.m. shares were down 2.7 percent to $121.47. Between them, IBM and Red Hat have contributed more to the open source community than any other organisation. "This combination not only represents a truly fantastic outcome for our shareholders, but it is a catalyst for Red Hat to drive powerfully into the future".
  • Indian pilot Bhavye Suneja dead in Indonesian plane crash

    Indian pilot Bhavye Suneja dead in Indonesian plane crash

    Finance

    A spokesman from the airline said the Boeing 737 MAX plane was manufactured in 2018 and has been operated by Lion Air since Aug 15. Deryl Fida Febrianto sent the picture at 6.01am shortly before flight JT-610, carrying 189 people, set off from Jakarta and plunged 5,000ft into the Java Sea off Indonesia .
  • Global markets in sell-off mode

    Global markets in sell-off mode

    Finance

    Recent data showing the housing market is slowing have also fueled speculation that US economic growth will start to slow next year. Analysts attributed Wednesday's sell-off to fears of economic weakness around the globe that could reduce demand for the products and services from US companies.
  • Kingdom to prosecute Jamal Khashoggi killers, says Saudi

    Kingdom to prosecute Jamal Khashoggi killers, says Saudi

    Finance

    Khashoggi, a critic of Saudi Crown Prince Mohammed bin Salman's policies, was last seen October 2 entering the consulate, where he had gone to pick up a document he needed to remarry. past year. Saudi Arabia's Foreign Minister Adel al-Jubeir said on Saturday that those behind the killing of journalist Jamal Khashoggi would be prosecuted in the kingdom and that the investigation would take time.
  • Check your numbers: Winning $3 million lottery ticket sold in Orlando

    Check your numbers: Winning $3 million lottery ticket sold in Orlando

    Finance

    Mega Millions , which initially announced a global record $1.6 billion jackpot, later revised the figure down to $1.537 billion. If lottery officials in SC seem just a bit anxious, who could blame them? She cited "security procedures". Otherwise, the jackpot is doled out over 29 years. More than half of the big game's largest jackpots have been awarded to single ticket holders. It will be held Friday night but for an estimated $40 million jackpot.
  • Amazon’s global sales sees slowdown, blames late Diwali in India

    Amazon’s global sales sees slowdown, blames late Diwali in India

    Finance

    Amazon said revenue from the category and some other items grew 122 percent to $2.5 billion in the third quarter. That purchase happened in the middle of the third quarter last year, which meant that Amazon included only about a month's worth of Whole Foods' revenue in its third-quarter results last year, versus a whole quarter's worth this time around.
  • UN Special Rapporteur Claims Saudi State Responsible for Khashoggi's Murder

    UN Special Rapporteur Claims Saudi State Responsible for Khashoggi's Murder

    Finance

    Riyadh finally accepted yesterday what Turkey had said virtually from the start - that he was killed in a premeditated hit . USA intelligence officials and lawmakers as well as the European Union have said that an operation targeting a critic of the royal court in a foreign country is unlikely to have been ordered without the knowledge of senior Saudi officials.
  • $1.6 billion Mega Millions jackpot drawing on Tuesday

    $1.6 billion Mega Millions jackpot drawing on Tuesday

    Finance

    The winning numbers are 5, 28, 62, 65 and 70, with a Mega Ball number 5, according to the official Mega Millions website . "It's hard to overstate how exciting this is - but now it's really getting fun", Gordon Medenica, lead director of the Mega Millions Group and director of Maryland Lottery and Gaming, said over the weekend.
  • Evidence Shows Khashoggi Was 'Brutally Murdered,' Turkish President Erdogan Says

    Evidence Shows Khashoggi Was 'Brutally Murdered,' Turkish President Erdogan Says

    Finance

    Speaking on Tuesday at the Oval Office, the U.S. leader criticised the country's long-term ally for one of the "worst cover-ups in the history of cover-ups". On Monday Reuters reported that CIA Director Gina Haspel was travelling to Turkey on Monday to work on the Khashoggi investigation. "The European Union's reaction from now on will depend on the next steps that will be taken by Saudi authorities", Mogherini said.