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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.
  • 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.
  • Apple May Cut iPhone Production Yet Again

    Apple May Cut iPhone Production Yet Again

    Finance

    Just like China , Apple has again said that it'll appeal against the injunction. Meanwhile in Germany, Apple's appeal means the injunction will not go into immediate effect but it said it was pulling its iPhone from sale while its appeal process went ahead: likely a tactic to get the court on its side.
  • Triple amputee veteran raises almost $1 million to build Trump's wall

    Triple amputee veteran raises almost $1 million to build Trump's wall

    Finance

    The campaign's goal is set to $1 billion, the maximum GoFundMe will allow for donations. Coulter, competing with Fox News' Sean Hannity over their obsession with Trump building a wall across the southern border, appeared to mock President Trump over his latest claim that the new NAFTA deal will help pay for his border wall.
  • U.S. Index Futures Extend Gains on Further Talks With China

    U.S. Index Futures Extend Gains on Further Talks With China

    Finance

    Afterhours trading in the largest exchange-traded fund that tracks the S&P 500 fell 0.5 percent. Shares of Facebook Inc, Apple Inc, Amazon.com Inc, Netflix Inc and Google parent Alphabet Inc, collectively known as FAANG, gained between 1.3 percent and 3.1 percent.
  • Gatwick Airport shuts over drone fears

    Gatwick Airport shuts over drone fears

    Finance

    A spokeswoman added that airlines were working to provide affected passengers with hotel accommodation or transport for those whose flights were diverted. Mr Woodroofe added that 20 police units from two forces were hunting for the pilot, saying: "The police are looking for the operator and that is the way to disable the drone".
  • Trump says China 'back in the market' for USA soybeans

    Trump says China 'back in the market' for USA soybeans

    Finance

    Shares of Toyota Motor Corp.as well as Hyundai Motor Co. tacked on gains before Daimler AG, Tesla Inc. and General Motors Co. also saw their stocks go up. The trade war has taken a toll on auto companies that manufacture in the USA, with the makers of Mercedes-Benz and BMW both warning of lower profits this year as tariffs forced them to hike prices in China.
  • Marshall responds to Farm Bill passing

    Marshall responds to Farm Bill passing

    Finance

    Thune said that of the legislation he's worked on, those dealing with agriculture, such as this farm bill, are some of the most important. Trump and conservatives had pushed to create new work requirements for food stamps, but the Senate rejected the idea.
  • US, Brent crudes rise more than $1 after OPEC, allies reach deal

    US, Brent crudes rise more than $1 after OPEC, allies reach deal

    Finance

    Meanwhile, China's vice premier discussed a timetable and road map on trade talks with his USA counterpart. "Volatility will be high in the near future, but going into 2019, we are constructive on oil prices", Hootan Yazhari, head of global frontier markets equity research at Bank of America Merrill Lynch, told CNBC's Dan Murphy on Tuesday.
  • OPEC, non-OPEC countries reach deal to cut crude output in 2019

    OPEC, non-OPEC countries reach deal to cut crude output in 2019

    Finance

    Initially, an Opec report indicated that in order to stabilise the crude markets, an output cut of somewhere around 1.5m bpd was required. Following the agreement, Oil prices jumped more than four percent with Brent crude , the worldwide benchmark for oil prices, trading at $63 a barrel.
  • Huawei CFO bail hearing to resume in Canada as Beijing piles pressure

    Huawei CFO bail hearing to resume in Canada as Beijing piles pressure

    Finance

    On Friday, Foreign Minister Chrystia Freeland told reporters Canada's relationship with China was important, and the country's ambassador in Beijing has assured the Chinese consular access will be provided to Meng. In a sworn affidavit, she said she is innocent and will contest the allegations against her at trial if she is surrendered to the United States. There's no point in pressuring the Canadian government.
  • Musk suggests Tesla’s new chair won’t rein him in

    Musk suggests Tesla’s new chair won’t rein him in

    Finance

    Musk also spoke about two key changes to the company - Tesla's policy to more closely monitor his Twitter posts and the appointment of a new chair - which may raise questions about the effectiveness of the settlement . "It's possible that we would be interested if GM were to sell a plant or not use it, that we would take over, yeah", Musk said. He made the comments during an interview on the CBS program 60 minutes .
  • Uber makes confidential filing for IPO

    Uber makes confidential filing for IPO

    Finance

    According to the New York Times , Uber also filed its paperwork with the SEC on Thursday, setting the stage for both companies to compete over who can get their shares on the market first. Uber operates in more than 70 countries, while Lyft is in the United States and Canada, although the smaller company is plotting a global expansion.
  • Economy added 155,000 jobs in November

    Economy added 155,000 jobs in November

    Finance

    While the report contained some good news for workers, worries that the current pace of economic growth may not be sustainable has rattled markets in recent weeks. The latest numbers suggest the labor market "remains quite strong", said Mike Fratantoni, chief economist for the Mortgage Bankers Association. Manufacturing employment is forecast increasing by 20,000 jobs last month after rising 32,000 in October.
  • Marlboro owner Altria makes £1.4bn bet on cannabis

    Marlboro owner Altria makes £1.4bn bet on cannabis

    Finance

    Altria also will receive warrants, which, if exercised, would increase its ownership to 55% and provide an additional CA$1.4 billion in proceeds for the integrated marijuana company. Constellation brands said at the time that the deal would "position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing".
  • Huawei CFO Meng Wanzhou to appear in Vancouver court for bail hearing

    Huawei CFO Meng Wanzhou to appear in Vancouver court for bail hearing

    Finance

    Her bio on the company website says Meng joined Huawei in 1993 and held various positions across the company, including director of global accounting and CFO of Huawei Hong Kong. Japan too plans to ban government use of telecom products made by Huawei and Chinese tech firm ZTE, reported Japanese media Yomiuri Shimbun on Friday.
  • May accused of misleading MPs over Brexit deal

    May accused of misleading MPs over Brexit deal

    Finance

    Gordon Brown, the former United Kingdom prime minister, said there is no chance Theresa May will get her proposed Brexit deal through parliament next week and suggested the current PM could lose her job over it. "If this deal does not get the necessary support in the House of Commons, I am sure that Brexit will be discussed among the leaders in December". "If she is short of 15, 30 or 40 votes, we could think of a gesture to let her try again", said one European Union official.
  • Oil prices to be impacted as Qatar decides to leave Opec

    Oil prices to be impacted as Qatar decides to leave Opec

    Finance

    In a series of tweets on Monday, the Arab country said the exit is as a result of the decision to focus on gas production. "The decision to withdraw from OPEC is purely technical and strategic and has nothing to do with political reasons", al-Kaabi said, in reference to a Saudi-led blockade on Qatar.