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Finance

On Monday WOW said it was in talks to restructure its debt with its creditors after Icelandair ended brief negotiations over buying a stake in the no-frills airline. For those traveling from Europe to North America or vice versa via Iceland's Keflavík International Airport it's $160. Other passengers are criticizing WOW for the lack of communication about refunds, with one person complaining that they were supposed to get money back six weeks ago.
  • Elon Musk reveals Tesla Model Y crossover; to start at US$39000

    Elon Musk reveals Tesla Model Y crossover; to start at US$39000

    Finance

    As to the technical data and prices of the Model Y; According to Tesla , the basic version " Standard Range " will cost 39,000 United States dollars (net price). " 2018 felt like aging five years in one ", Musk said. On Tesla .com, you can already build and order a Long Range Model Y, with $2,500 down, today-which is one of the key differences versus Model 3, where the $1,000 merely secured a spot to be able to build a auto later.
  • Oil Prices Increase as US Lowers Crude Production Estimates

    Oil Prices Increase as US Lowers Crude Production Estimates

    Finance

    US West Texas Intermediate ( WTI ) crude futures were at $58.29 per barrel, up 3 cents, or 0.1 percent, from their last settlement. The Organisation of the Petroleum Exporting Countries (OPEC) and some non-aligned producers including Russian Federation have been withholding oil supply since the start of the year to tighten global markets.
  • Facebook Apologizes For Widespread Mass Outage; Says Server Issue Was The Cause

    Facebook Apologizes For Widespread Mass Outage; Says Server Issue Was The Cause

    Finance

    As of Thursday morning, the only good news for Facebook is that plunging stock price appeared to have found a floor. Are you actually talking to people? People went on Twitter to vent their frustration about the problems. We're working to resolve the issue as soon as possible", a Facebook statement said on Twitter . Bloomberg reports that the company said it was evaluating the overall impact of the issue on Wednesday and is still open to "the possibility of refunds for ...
  • Brexit set for delay after May wounded by rejection of 'no

    Brexit set for delay after May wounded by rejection of 'no

    Finance

    MPs tonight will vote on whether or not to extend Article 50 and resultantly delay Britain leaving the European Union beyond the current March 29 deadline. May is planning to put her deal to at least one more House of Commons vote. The people of Deal would like a Brexit deal. Donald Tusk, the president of the European Council, says the bloc should be open to granting Britain a long delay to its departure.
  • Tesla raises prices as Musk backtracks on closing stores

    Tesla raises prices as Musk backtracks on closing stores

    Finance

    Tesla also chose to retain some of the physical stores it had planned to close and will reopen some of the closed retail centers. Tesla's PR notes that all vehicles sales will still be conducted online, though it also states that a small number of vehicles will be on-hand for immediate purchase.
  • Tesla Says New Supercharger Cuts Charging Time By 50%

    Tesla Says New Supercharger Cuts Charging Time By 50%

    Finance

    This means owners won't have to experience a slower charge time when sharing with a neighbor. Once update, if the Tesla auto owner is on its way to the nearest Supercharger stations, the vehicle will intelligently heat the battery. "V3 Supercharging will roll out to the wider fleet in an over the air firmware update to all owners in Q2 as more V3 Superchargers come online". It has plans to bump up the charge rates at more than 12,000 V2 Superchargers from 125kW to 145kW in coming weeks.
  • China Sets Economic Policy for 2019

    China Sets Economic Policy for 2019

    Finance

    China will push the economic development of Yangtze river delta and build an integrated transportation system along the river. Spending on the Communist Party's military wing, the People's Liberation Army, will rise to 1.2 trillion yuan ($178 billion), according to a separate report issued by the finance ministry.
  • Indian-Origin Dentist Preethi Reddy Murdered In Australia

    Indian-Origin Dentist Preethi Reddy Murdered In Australia

    Finance

    We still don't know where she went before she was seen alone at 2.15am on Sunday, " a police investigator said. That crash, which occurred about 10 PM (local time), is "believed to be a deliberate act", police said. Dr Reddy, a dentist from Penrith, had been attending a dental convention at St Leonards on Sydney's north shore over the weekend. Her disappearance is out of character and there are serious concerns for her welfare.
  • 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.