Business


Nissan drives out Ghosn after arrest Nissan drives out Ghosn after arrest
- November 24, 2018

He was removed as Nissan's chairman Thursday after his arrest in Japan for suspected financial offenses. But the company accused Ghosn of having under-reported compensation amounts, misrepresented the company's investments and used company assets for personal use. (more...)
Majestic Wine report profits down for its first half Majestic Wine report profits down for its first half
- November 24, 2018

A United Kingdom retailer is stockpiling wine in case of a no-deal Brexit . The AIM 100 wine seller reported a pre-tax loss for the period of £0.2mln, down from a £3.1mln profit a year ago despite revenues climbing 5.4% to £229.1mln. Businesses fear that a hard Brexit with no transition on trade arrangements would result in chaos at ports and airports. Shares fell almost 13 per cent in early deals as investors reacted to its results for the six months to 1 October, reported Sky News . (more...)
Stores fighting for Black Friday shoppers aim for convenience Stores fighting for Black Friday shoppers aim for convenience
- November 24, 2018

Manulife studied shopping among Canadians and found that six out of 10 people overspend during the holidays and that half of Canadians are likely to go into debt while shopping over the next month. "We just enjoy like getting the bargains, huge on that, won't pay retail price for anything". They're offering new ways for shoppers to get deals online and in the store easier and faster in the age of instant gratification. (more...)
Tesla Lowers Car Prices in China After Trade War Hits Demand Tesla Lowers Car Prices in China After Trade War Hits Demand
- November 24, 2018

The electric-car maker is working on plans to start a partial production of its Model 3 vehicle in China next year, Chief Executive Officer Elon Musk said on the company's earnings call. Tesla's revenue from China doubled past year to more than $2 billion, accounting for almost 20% of the company's total. Only a couple of months later, it hiked prices in response to the tariffs. (more...)
Houses passes back-to-work legislation to end Canada Post strike
- November 24, 2018

Labour Minister Patty Hajdu tabled the bill in the House of Commons Thursday in an effort to reach contract agreements between the union and Canada Post, with Black Friday sales less than 24 hours away and the busy holiday season fast approaching. (more...)
Thousands of Amazon workers in Europe stage Black Friday strike Thousands of Amazon workers in Europe stage Black Friday strike
- November 24, 2018

Amazon said on Friday that the demonstrations in Europe did not disrupt operations and disputed the level of protest participation claimed by some unions. The union has been demanding for years that Amazon should come to terms on a collective bargaining agreement with staffers, paying them according to the retail and mail-order tariff, which the company has rejected. (more...)
Three more cases of E. coli
- November 24, 2018

On Friday, the Public Health Agency of Canada said there were three new cases, which brings the total to 22 confirmed cases. Many people who get sick in most outbreaks never seek medical attention so the number of cases is never known, said Howard Njoo, Canada's deputy chief public-health officer. (more...)
U.S. government asks allies to drop Huawei equipment, WSJ says U.S. government asks allies to drop Huawei equipment, WSJ says
- November 24, 2018

This comes amid Washington's suspicions that the world's largest telecom equipment maker could be using its equipment for cyber espionage as part of cooperation with Chinese intelligence agencies. Back in February, bosses from six USA intelligence agencies said using a telecoms device from the company could put you at risk of having personal data accessed or stolen - a result of its alleged close ties with the Chinese government. (more...)
Louisiana couple finds $1.8M lottery ticket while housecleaning Louisiana couple finds $1.8M lottery ticket while housecleaning
- November 24, 2018

Apparently, the ticket had been sitting on their nightstand for quite some time, but they hadn't checked the numbers. The pair said they couldn't believe their good fortune. "I kept waiting for something to go wrong", Harold Ehrenberg said. After state and federal taxes were deducted, the couple's check came to almost $1.3 million. (more...)
All-new Range Rover Evoque revealed All-new Range Rover Evoque revealed
- November 23, 2018

The Evoque features all-wheel drive as well as a second-generation Active Driveline with driveline disconnect to improve efficiency. What's instantly noticeable behind the wheel is the new technology you can witness in the cabin to make off-roading more manageable. (more...)
Black Friday - What you need to know in markets on Friday Black Friday - What you need to know in markets on Friday
- November 23, 2018

Another Black Friday hotspot? Then again, some shoppers simply love the chaos and excitement of Black Friday - crowds, confusing pricing, and all. Plenty of stores opened their doors this Thanksgiving, some with eager shoppers already waiting in line. (more...)
30 killed, over 40 injured in Hangu blast 30 killed, over 40 injured in Hangu blast
- November 23, 2018

The blast occurred in the same time when three suicide bombers attacked the Chinese consulate in Karachi. The injured have been shifted to the KDA teaching hospital in Kohat. The Karachi attack was claimed by a separatist insurgent group called the Balochistan Liberation Army, and did not appear to be connected to the attack on the market in the northwestern region of Orakzai. (more...)
May's Brexit deal greeted with fire from all sides in parliament May's Brexit deal greeted with fire from all sides in parliament
- November 23, 2018

The Prime Minister announced the surprise move after a meeting with European Commission president Jean-Claude Juncker in Belgium. Downing Street has repeatedly made clear that agreement is needed on the future framework in order to press ahead with the legally-binding withdrawal agreement . (more...)
Canada Post workers in Prince George head back to the picket lines Canada Post workers in Prince George head back to the picket lines
- November 23, 2018

It also called for binding arbitration if no settlement is reached by the end of January. "As I've said many times, all options are on the table", he added when asked whether he was prepared to table back-to-work legislation. Canada Post's largest union started rolling strikes across the country in the middle of October, and while the specific shutdowns are moving to new places every day, the aggregate affect has been enough to bring package delivery in particular to a grinding halt. (more...)
Range Rover Evoque Teased As Wire Sculpture Range Rover Evoque Teased As Wire Sculpture
- November 23, 2018

Land Rover first introduced the Evoque in 2010, with a major update following in 2015. Gerry McGovern, Land Rover Chief Design Officer, said: "The wire forms have been created to preview the new Evoque - which is the embodiment of Range Rover's modernist design approach". (more...)
Dow falls almost 500 points, dragged down by Target and tech shares Dow falls almost 500 points, dragged down by Target and tech shares
- November 22, 2018

The broad-based S&P 500 shed 1.8% to 2,641.89, while the tech-rich Nasdaq Composite Index fell 1.7% to 6,908.82. It was down as much as 596 earlier. Those hopes faded after the two countries clashed at a Pacific Rim summit over the weekend. (more...)
UK, EU agree on post-Brexit relationship UK, EU agree on post-Brexit relationship
- November 22, 2018

Picardo told Gibraltar's parliament that as long as issues such as sovereignty, jurisdiction and control of the territory are off the table, he is happy to discuss close cooperation with Madrid. Opposition Labour Party leader Jeremy Corbyn branded the agreement "half-baked" - and said his party could negotiate a better one - while Conservative Andrew Rosindell urged May to ditch the plan and remove "the tentacles of the European Union over our cherished island nation". (more...)
South Africa hikes interest rates South Africa hikes interest rates
- November 22, 2018

Governor Lesetja Kganyago said that three members of the MPC preferred an increase, while three members preferred a hold, with the final say effectively falling on the governor's shoulders. Since the September MPC, the rand has appreciated by 3.8% against the USA dollar, by 6.6% against the euro, and by 5.2% on a trade-weighted basis. "Over the medium term, it is likely that the rand, along with other emerging market currencies, will remain volatile", Kganyago said. (more...)
Amtrak train heading to NY from Montreal disabled by separating cars Amtrak train heading to NY from Montreal disabled by separating cars
- November 22, 2018

The cars on the Adirondack train from Montreal to Penn Station disconnected from one another near the upstate city at about 7:20 p.m., Amtrak spokesperson Jason Abrams said. A state trooper soon boarded to make sure everyone was OK, according to AP. The engine auto of an Amtrak train from Albany separated from the rest of the train, leaving passengers headed to New York City for Thanksgiving stranded. (more...)
Dolce & Gabbana dumped by Chinese online retailers over racist ads & posts Dolce & Gabbana dumped by Chinese online retailers over racist ads & posts
- November 22, 2018

However, those who responded to the update remained unconvinced, with some commenting that the statement included no apology but was instead focused exclusively on the brand's dissatisfaction about having to cancel the show. ".What happened today was unfortunate not only for us, but also for all the people who worked day and night to bring this event to life". Celebrities including "Memoirs of a Geisha" movie star Zhang Ziyi criticised the brand, while singer Wang Junkai said he had ... (more...)
Nissan board fires chairman Carlos Ghosn — NHK Nissan board fires chairman Carlos Ghosn — NHK
- November 22, 2018

Japanese prosecutors said Ghosn and Kelly conspired to understate Ghosn's compensation at Nissan over five years from 2010, saying it was about half the actual 10 billion yen. Additional charges can be added, resulting in longer detentions. Analysts say the future of Nissan's alliance with Renault, and other automakers, must be as closely watched as what happens to the executives. (more...)
China Is Paying for Most of Trump's Trade War, Research Says
- November 22, 2018

Trade Representative Robert Lighthizer's report reflects US skepticism and a possible source of new acrimony ahead of the meeting in Buenos Aires aimed at defusing the dispute companies worry will chill global economic growth. information obtained from the ongoing monitoring of APT10 [Chinese alleged espionage group] by the US Department of Homeland Security (DHS) has also indicated a rising incidence of Chinese cyber-enabled theft", the report read. (more...)
Abu Dhabi fund sues Goldman over Malaysian 1MDB scandal Abu Dhabi fund sues Goldman over Malaysian 1MDB scandal
- November 22, 2018

Which means we had in place a correct system. Najib said this in reply to Abd Jalil's question on whether the Malaysian government was cheated by Jho Low. Najib said that he had no knowledge of Low's personal habits. "We know, it is too easy to get a wrong perception when we only read the headline", Najib said. (more...)
AAA projects 1.2 million Tennesseans will travel for Thanksgiving AAA projects 1.2 million Tennesseans will travel for Thanksgiving
- November 22, 2018

According to AAA this year they are seeing a spike in Thanksgiving travel, up 4.8% over last year, with almost all of those travelers hitting roadways. The all-time record number of Thanksgiving travelers was set in 2005, with 58.6 million traveling nationwide, 6.9 million statewide and almost 4.3 million in Southern California. (more...)
Louisiana couple finds $1.8 million lottery ticket while cleaning house Louisiana couple finds $1.8 million lottery ticket while cleaning house
- November 22, 2018

Just to make sure it wasn't just her imagination she then asked Harold to log onto the Louisiana Lottery's website and check while she read aloud the numbers they'd picked - 03-07-30-31-35-38. The Ehrenbergs received $1,274,313 after state and federal tax withholding. In addition the store where they purchased their ticket received a percentage of almost $18,000 as a selling bonus. (more...)
Amazon reopens U.S. site to Australian shoppers after 'Amazon tax' Amazon reopens U.S. site to Australian shoppers after 'Amazon tax'
- November 22, 2018

Australian consumers will again have access to products on Amazon's worldwide sites after the online shopping giant backflipped on its decision to block local customers over laws that forced it to collect GST. It has now, on the eve of its Black Friday sales, and ahead of the Christmas and holiday period, figured a way - as rival eBay had already done - to levy the tax without blocking sales. (more...)
US Department of Justice is investigating Tether for market manipulation US Department of Justice is investigating Tether for market manipulation
- November 22, 2018

These traders may have used Tether's stablecoin , USDT, to buy and sell bitcoin at opportune times based on insider information, thus illegally moving cryptocurrency prices - according to three sources familiar with DoJ's extensive probe into the various exploitative activities in the digital asset market. (more...)
Tory deal not dead over Brexit, says Foster Tory deal not dead over Brexit, says Foster
- November 22, 2018

He added: "As a effect, today, I regret to say that a pro-European government like Spain's would vote no to Brexit unless there are changes". May told business lobby group the Confederation of British Industry on Monday (Tuesday NZ Time) that "an intense week of negotiations" lay ahead to finalise the framework for future relations between Britain and the bloc before European Union leaders meet on Sunday (Monday NZT) to rubber-stamp the deal. (more...)
Ride-hailing could be coming to Squamish next year Ride-hailing could be coming to Squamish next year
- November 22, 2018

Premier John Horgan has previously said he expects the legislation to be passed in time for the Christmas holidays, but it may take a year or longer for ride-hailing to become a reality in B.C. "If you're going to be earning money through driving people from place to place, you need to make that investment, get your Class 4 licence so that you can show that you are safe", Trevena said. (more...)
Amazon disclosed customer names, email addresses due to technical error Amazon disclosed customer names, email addresses due to technical error
- November 21, 2018

When approached about the disclosure, Amazon declined to give any further details about how many users may have been affected, although the email is thought to have been sent to customers across the world, as well as members of the Amazon Vine review program. (more...)

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