Finance

Fisker plans to launch $40,000, 300-mile electric SUV in 2021

Fisker plans to launch $40,000, 300-mile electric SUV in 2021 The SUV will be offered in both rear- and all-wheel drive, the latter adding an electric motor to the front axle to augment the one at the rear. Specs for the vehicle has yet to be divulged in full but a few details have been released which includes a grille-mounted radar and up to 22-inch allow wheels. [Full Article...]

Anil Ambani thanks Mukesh, Nita for timely support in clearing RCom dues

Anil Ambani thanks Mukesh, Nita for timely support in clearing RCom dues Nearly a decade-and-a-half after a bitter separation, Mukesh Ambani on Monday stepped in to save younger brother Anil from prison by helping him clear the Rs 453 crore Reliance Communications owed Ericsson . Last month, the Supreme Court held Ambani in contempt for not paying Ericsson's dues despite promising to do so. The two directors are Reliance Telecom chairman Satish Seth and Relian... [Full Article...]

Trump addresses local union boss, Lordstown GM closure

Trump addresses local union boss, Lordstown GM closure General Motors' statement came after President Donald Trump announced that he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an OH manufacturing plant while the USA economy continues to fare well. [Full Article...]

Oil Rises Strongly Supported by Cuts, Sanctions

Oil Rises Strongly Supported by Cuts, Sanctions Meanwhile, sources told Reuters that OPEC producers and their partners are expected to extend their cuts to oil supply when they meet in June, a decision likely to keep prices elevated. OPEC calls on oil producers to continue to support oil market stability in 2019, Trend reports citing the OPEC Monthly Oil Market Report. The U.S. [Full Article...]

Volkswagen boss apologises for Nazi gaffe

Volkswagen boss apologises for Nazi gaffe EBIT is an acronym for Earnings Before Interest and Tax, a key indicator of a company's profit. Herbert Diess, CEO of German automaker Volkswagen AG, speaks at the company's annual press conference at Volkswagen headquarters on March 12, 2019 in Wolfsburg, Germany. [Full Article...]

Jaguar Land Rover to recall 44,000 cars over CO2

Jaguar Land Rover to recall 44,000 cars over CO2 Britain's largest vehicle maker said they will carry out free repairs on the models. The manufacturer then contacted the Driver and Vehicle Standards Agency (DVSA) and an alert was made via the European Commission's rapid alert system . For this Friday's render, our artist chose to take a stab at envisioning the revamped XJ using as foundation the latest design language seen on models such as the... [Full Article...]

Order books for new Volkswagen ID. hatchback to open in May

Order books for new Volkswagen ID. hatchback to open in May Reservations for each of these models already total 20,000 units, the automaker said. However, the Volkswagen is taking major risk by planning such a big move because the company doesn't know how many buyers will want these electric cars. [Full Article...]

China's industrial production slows; unemployment up

China's industrial production slows; unemployment up China's refiners processed 102.49 million tonnes of crude oil during January and February, according to the data from the National Bureau of Statistics (NBS). The production pick-up followed a rise in profit margins at steel mills over January and February, with earnings from making construction product rebar jumping more than 20 percent from December, according to data tracked by Jinrui Futures. [Full Article...]

Uber self-driving division may receive $1B investment led by SoftBank

Uber self-driving division may receive $1B investment led by SoftBank Lyft, by contrast, said in its prospectus that its 2018 revenue totaled $2.2 billion and a loss of $911 million, which according to Axios would be the largest loss ever for a company entering the public markets for the first time. Uber Chief Executive Officer Dara Khosrowshahi will be tasked with convincing investors that he has successfully changed the company's culture and business practices a... [Full Article...]

UK airline apologises for asking woman to cover up

UK airline apologises for asking woman to cover up Ultimately, she ended up putting a jacket on to appease staff and social commentator, Liz Brewer - who appeared alongside Emily on the This Morning sofa - said staff were right to kick up a stink about the "demeaning outfit". A member of cabin crew then told her: 'If you don't get changed we're putting you off the flight'. The spokesperson added that Thomas Cook has "an appropriate clothing po... [Full Article...]

Elon Musk Fires Back At SEC in New Defense

Elon Musk Fires Back At SEC in New Defense So, Tesla has designed newer strategies to meet its expectations. The Company said that it previously shut down around 10 percent of the stores that it had. "Over the past two weeks, we have been evaluating our retail locations and chose to keep more stores than previously anticipated". The launch of the new vehicle has surprised quite a few, as Musk had been guiding the launch in another 6 ... [Full Article...]

Hammond talks up United Kingdom economy despite Brexit 'cloud'

Hammond talks up United Kingdom economy despite Brexit 'cloud' The OBR forecast growth of 1.2% this year, 1.4% next year and 1.6% in the following three years. "Leaving with no deal would mean significant disruption in the short and medium term and a smaller, less prosperous economy in the long term, than if we leave with a deal", Hammond told parliament, warning of higher unemployment and prices and lower wages under a no-deal Brexit. [Full Article...]

Jury awards $29m to woman in Johnson & Johnson talc case

Jury awards $29m to woman in Johnson & Johnson talc case The US healthcare group has long refuted the claims, stating that its talc products are safe and have never contained asbestos . They said their baby powder "is safe and asbestos-free". There are no legal requirements for any cosmetic manufacturer to test their products for safety, according to the US Food and Drug Administration , although the FDA routinely tests products to monitor the marke... [Full Article...]

CEO of troubled Wells Fargo says bank is stronger

CEO of troubled Wells Fargo says bank is stronger Wells Fargo's ongoing lawlessness and failure to right the ship suggest the bank , with approximately $1.9 trillion in assets and serving one in three United States households, is simply too big to manage". Sloan, who made $60.4 million working for the bank before the fake-account scandal broke in 2016, has been saying this kind of thing for years now . [Full Article...]

Score pie deals on National Pi Day

Score pie deals on National Pi Day The number is usually rounded up to 3.14 (or, 3.14159 if you want to show off), but it can go on forever. It's March 14, also known as 3/14, and perhaps better known as 3.14 and the beginning numbers of the mathematical constant Pi. The deal is valid for customers dining-in. 7-Eleven stores will offer a whole pizza via the chain's 7NOW app for $3.14. In-store 7Rewards members can get a 50-... [Full Article...]

Facebook loses two important executives amid new privacy push

Facebook loses two important executives amid new privacy push Will Cathcart was announced as the new lead on WhatsApp , while Zuckerberg, apparently consolidating power as he prepares to merge the apps in some way or another, states he does "not plan on immediately appointing anyone to fill Chris's role in the near term". [Full Article...]

Tesla Model Y: What We Know

Tesla Model Y: What We Know First, let's talk about the name: Model Y . The names of Tesla's EV family were deliberate, and the Model 3 was initially supposed to be called the Model E. The long-range 300-mile range version will be available for $47,000 fall 2020. And for anyone who wants to watch the full Model Y unveiling, it's available below. [Full Article...]

Oil Futures Settle At 4-month High After Inventory Data

Oil Futures Settle At 4-month High After Inventory Data Brent was up 98 cents , or 1.47 percent, to $67.63 per barrel, while West Texas Intermediate climbed $1.50, or 2.64 percent, to $58.37 per barrel. Oil prices have risen since the beginning of this year thanks to supply cuts led by OPEC. [Full Article...]

Boeing stock plunges after Ethiopia crash, sending Dow lower

Boeing stock plunges after Ethiopia crash, sending Dow lower At 9:00 a.m. ET, Dow e-minis were down 20 points, or 0.08 percent. With a 33 point gain, the NASDAQ finished at 7,591. Last-minute tweaks to Britain's divorce deal lifted stocks worldwide, but the gains soon petered out after Britain's Attorney General Geoffrey Cox said a revised deal with the European Union did not give Britain legal means of exiting the so-called backstop arrangement unila... [Full Article...]

Pi dream: Googler sets record for most digits calculated

Pi dream: Googler sets record for most digits calculated During the entire time it took for calculations, the Google Cloud server were kept switched on to avoid any interruptions. But since it's an irrational number, "there's no end to how many of its digits can be calculated". According to Google , Iwao has been fascinated by pi since she was 12. Pi Day, also known as Pie Approximation Day, is held every year on March 14 in honour of the mathematic... [Full Article...]


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