Finance

US, China sketch outlines of deal to end trade war

US, China sketch outlines of deal to end trade war The process has become a real trade negotiation, the source said, so much so that at the end of the week the participants considered staying in Beijing to keep working. China had all but halted purchases of USA soybeans, which were the single biggest US agricultural export, worth around $12 billion in 2017. The two sides were discussing an enforcement mechanism for the deal, the source said. [Full Article...]

Nestle and Epic pull YouTube ads over abuse claims

Nestle and Epic pull YouTube ads over abuse claims Some comments on these videos include recommendations for other videos featuring children. A Nestle spokeswoman said it had "paused" YouTube advertising while it looked into the issue. Despite growing pressure on Google and YouTube to crack down on offensive content, the firms' advertising revenues continue to thrive. Nestle US has confirmed the news to Bloomberg . [Full Article...]

Gatwick Drone Attack May Have Been An Inside Job

Gatwick Drone Attack May Have Been An Inside Job The airport said the disruption lasted for 30 minutes and apologised for the inconvenience to passengers. It is expected that the brief closure will lead to some knock-on delays this afternoon. Police said 130 witness reports and information from more than 1,000 door-to-door interviews with neighbours drew them to the conclusion the person responsible knew the airport well. [Full Article...]

North Dublin Winners Of Massive €175m Euromillions Jackpot Have Finally Spoken Out

North Dublin Winners Of Massive €175m Euromillions Jackpot Have Finally Spoken Out Today the family deposited the winning ticket for safe keeping with the National Lottery and arrangements are now being made for the prize claim to be paid out in the next few weeks. One of the syndicate members realised their good fortune when she checked the winning ticket after last night's draw. "Happy days like this is what playing National Lottery games is all about". [Full Article...]

Southwest Cancels Hundreds of Flights as It Struggles With ‘Operational Emergency’

Southwest Cancels Hundreds of Flights as It Struggles With ‘Operational Emergency’ Southwest said there was no common theme among the maintenance issues , which followed the latest round of negotiations with the Aircraft Mechanics Fraternal Association (AMFA). In a statement to CBS News Correspondent Kris Van Cleave, Southwest Airlines COO Southwest Airlines COO Mike Van de Ven accused AMFA of work disruptions and said that it is looking at potential remedies. [Full Article...]

Honda proposes closing United Kingdom plant that builds Civic Hatchback, Type R

Honda proposes closing United Kingdom plant that builds Civic Hatchback, Type R Hachigo's comments that the decision was not related to Brexit are unlikely to take the sting out of the job losses for the British public, or politicians. Two weeks ago bigger Japanese rival Nissan cancelled plans to build its X-Trail sport utility vehicle in the UK. "We all went in (to work) on Tuesday, were officially informed and then told to go home", a worker said. [Full Article...]

Explainer: How Anil Ambani’s RCom Will Pay Ericsson in Four Weeks

Explainer: How Anil Ambani’s RCom Will Pay Ericsson in Four Weeks Reliance Communications ( RCom ) had told the court they had tried to move "heaven and earth" to ensure Ericsson gets its due but was unable to do so due to failure of assets sale deal with Jio . It had also said delay in payment would attract an interest of 12 per cent per annum. Ericsson also sought contempt proceedings against Reliance Infratel Ltd, its chairperson Chhaya Virani; Reliance T... [Full Article...]

May in Brussels again, seeking Brexit movement

May in Brussels again, seeking Brexit movement Ministers were told the Government would instead seek to tweak the backstop to get her Brexit deal through the Commons. "The details of this initiative are still evolving and would require significant changes to European Union legislation and customs practices that would need to be negotiated with the European Union member states and others who will be affected by them". [Full Article...]

Woman thrown off flight and jailed after spitting at young child

Woman thrown off flight and jailed after spitting at young child She is then seen in the video blowing kisses to passengers who are filming her and telling everyone she will see them in Vegas in an hour. Videos of the incident was captured by other passengers, one of which posted it to Twitter . As she left the plane, Gonzalez allegedly shoved a JetBlue employee. She was finally arrested by police and ended up being charged with battery. [Full Article...]

Oil hovers just below 2019 highs as markets look to trade talks

Oil hovers just below 2019 highs as markets look to trade talks US West Texas Intermediate (WTI) crude oil futures pushed through $56 (£43) per barrel for the first time this year. Still, Venezuelan crude exports have plunged since U.S. Venezuela is a major crude supplier to US refineries. Trade concerns appear to have re-emerged today following the likelihood of 25% tariffs on US imports of European Union cars, as per latest news, all ahead of the sta... [Full Article...]

Payless is closing all its 2,100 U.S. stores

Payless is closing all its 2,100 U.S. stores A Payless spokesperson says the stores will most likely remain open until May. A group of creditors, including Alden Global Capital LLC, assumed ownership of the downsized discount shoe retailer, but with no buyer emerging, the group began efforts to liquidate the chain's inventory this past weekend. [Full Article...]

Why are Honda closing their factory in Swindon — Honda closure

Why are Honda closing their factory in Swindon — Honda closure The Swindon plant, Honda's only one in the European Union, has produced the Civic model for global markets for more than 24 years, with 150,000 units rolling off the line annually. Since the referendum, the Japanese government, its United Kingdom ambassador and company managements have repeatedly warned about the corrosive effect of Brexit uncertainty and the possibility of losing frictionless... [Full Article...]

Will RBI hand over the crores that Centre wants?

Will RBI hand over the crores that Centre wants? What: This will be the first meet after the interim Budget 2019-20. The RBI board, approved ₹28,000 crore ($4 billion) as interim dividend , according to a statement. The amount announced Monday was equivalent to the amount budgeted by the government. In 2016-17, the Centre had received Rs 65,876 crore as dividend from the RBI. [Full Article...]

Payless ShoeSource to close all 2,100 stores

Payless ShoeSource to close all 2,100 stores Payless has seven locations in Alaska, including stores in Soldotna, Wasilla, Fairbanks, Juneau, and three separate locations in Anchorage. The company could file for bankruptcy for a second time by the end of the month, according to reports. [Full Article...]

British airline Flybmi ceases operations, cancels all flights

British airline Flybmi ceases operations, cancels all flights Before it announced it was filing for administration-a British form of bankruptcy-Flybmi operated flights to 25 European cities on 17 jets, employing a total of 376 staff. In the United Kingdom, it also has operating bases at Bristol, Newcastle, Aberdeen and Derry. "As such, the closure of bmi Regional - which flew Embraer Regional Jet aircraft on routes throughout 12 European countries - has no... [Full Article...]

United Kingdom doesn't need to ban Huawei from its 5G

Huawei has always denied it is in collusion with its government. The US has reportedly been pressuring the United Kingdom and other allies not to use Huawei technology for critical infrastructure, arguing that it could be too risky when the Chinese state is engaged in spying. [Full Article...]

Oil rises over 2 pct to 2019 highs on tightening supplies

Oil rises over 2 pct to 2019 highs on tightening supplies The worldwide benchmark for oil prices is near a 3-month high and set for a 4 percent gain for the week. Brent ended the week more then 6 per cent up, while WTI had also gained more than 5 per cent, thanks in part to the tightening supplies following the organisation of the petroleum exporting countries and its allies led by Russian Federation started voluntary production cuts last month. [Full Article...]

Payless to close all stores in US, Puerto Rico

Payless to close all stores in US, Puerto Rico The retailer will begin liquidation sales on Sunday, Feb. 17, a company spokesperson told CNBC. Payless filed for Chapter 11 bankruptcy back in 2017 which led to 400 stores closing and the Wall Street Journal predicts the company will file again before the remaining stores are closed. [Full Article...]

Amazon's NY project foundered on labor organizing, opposition to subsidies

Amazon's NY project foundered on labor organizing, opposition to subsidies Apparently the company's leadership did no longer see this given, which ultimately lead to the decision to scrap the ambitious project altogether. More than a year of work to bring Amazon.com Inc.'s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls. [Full Article...]

JPM Coin: JP Morgan to launch the first bank coin

JPM Coin: JP Morgan to launch the first bank coin Major US bank JPMorgan has taken the wraps off 'JPM Coin , ' a blockchain-based "digital coin" that customers can receive by depositing US currency into their bank accounts. His exact words were as follows. However, he has later said that he regretted what he said, but added that he is still not a fan. "I could care less what bitcoin trades for, how it trades, why it trades, who trades it". [Full Article...]


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