Money

Wuhan shutting down to curb spread of virus

Wuhan shutting down to curb spread of virus Authorities have confirmed more than 400 cases of the virus in China, a lot of them in the central city of Wuhan where the virus first appeared at the end of 2019. Australia has issued a travel warning for Wuhan, asking visitors to "exercise a high degree of caution", but head coach Ante Milicic had said on Tuesday they were preparing for the trip to Wuhan. [Full Article...]

Biden Slams Trump-China Trade Deal as Lacking on Key Disputes

Biden Slams Trump-China Trade Deal as Lacking on Key Disputes The United States and China have announced an initial trade deal that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies. included". And Treasury Secretary Steven Mnuchin said Trump's negotiating stance led to a "fully enforceable deal" which could bring additional tariffs . [Full Article...]

Donald Trump defended American atmosphere strike, read

Donald Trump defended American atmosphere strike, read And in an interview with CBS that aired Sunday, Esper said he "didn't see" a specific threat against four embassies in the intelligence. "Last night they received a slap", Khamenei said. "These are things that are conditions-based". Ebrahim Raisi, the head of Iran's judiciary, issued a warning to protesters , saying "the agents of America and agents of foreign countries" want to use anger ove... [Full Article...]

Stocks put Middle East tensions in rearview mirror, surge to record highs

Stocks put Middle East tensions in rearview mirror, surge to record highs The Dow closed 133 points lower. The S&P 500 technology sector rose 0.9%, the top gainer among sectors. Boeing shares dropped 1.9% to lead the Dow lower. Caution prevailed at many commercial airlines Tuesday and Wednesday as the companies rerouted flights throughout the Middle East to avoid potential danger during the heightened tensions between the USA and Iran and the latter's factions in Ira... [Full Article...]

US House advances resolution to limit Trump's power to strike Iran

US House advances resolution to limit Trump's power to strike Iran Trump's comments came hours after U.S. Secretary of State Mike Pompeo also told reporters that the killing was in response to an "imminent threat". "We still need to focus minds, but it's probably coming soon", a European Union diplomat said before Friday's emergency meeting. [Full Article...]

Nissan slams Ghosn's 'extremely regrettable' escape

Nissan slams Ghosn's 'extremely regrettable' escape Ghosn got to Osaka on a bullet train from Tokyo after leaving his home there on the afternoon of December 29, Japan's Kyodo news agency reported Monday. In their first remarks since Ghosn's flight just before the New Year, prosecutors said the escape vindicated their argument that he should have been kept in custody. [Full Article...]

Iran tells United Nations it reserves right to self-defence over Soleimani killing

Iran tells United Nations it reserves right to self-defence over Soleimani killing The United States acknowledged it struck Major General Qassem Soleimani to prevent terrorist attacks by Iranian proxy militias against American diplomatic and military targets, and in retaliation for two decades of attacks against Americans by forces under Soleimani's command. [Full Article...]

How major United States stock indexes fared Tuesday

How major United States stock indexes fared Tuesday Financial sector stocks, especially big banks, also posted strong gains in 2019, despite a sharp pullback in interest rates. More than half of the Dow component companies traded in red territory, with Walmart dropping 0.93 percent, leading the laggards. [Full Article...]

New minimum wage in place in Minnesota for 2020

New minimum wage in place in Minnesota for 2020 On the East Coast, the minimum wage has gone up to $11 an hour for most workers in New Jersey , and to $11.80 for most places in New York State. Although legislative wage increases are generally supported by Democrats and opposed by Republicans, the Pew Research Center has found that Americans largely support increasing the hourly minimum wage to $15 at the federal level. [Full Article...]

Novak Says OPEC+ to Consider Easing Oil Output Caps in March

Novak Says OPEC+ to Consider Easing Oil Output Caps in March China and the United States cooled their 17-month trade war earlier this month, announcing a Phase 1 agreement that would reduce some US tariffs. New York-traded West Texas Intermediate (WTI) - the United States crude benchmark - was up 44 cents, or 0.7 percent, at $61.55 per barrel. [Full Article...]

Trump Tells Troop He's 'Still Working on a Christmas Present' for Melania

Trump Tells Troop He's 'Still Working on a Christmas Present' for Melania Some Twitter users, however, noted that the picture was not a new one, and could not help but wonder whether Donald Trump's 2016 main presidential contender was more wishful than nostalgic in her Christmas post. The pastor of Family Church in West Palm Beach, Florida, Jimmy Scroggins, and his family greeted the Trumps as they arrived moments into a "Candlelight Christmas Celebration". [Full Article...]

Recall of 11,000 washing machines in Ireland due to fire safety risks

Recall of 11,000 washing machines in Ireland due to fire safety risks These products, which have been sold for more than five years, have problems with their door locking systems - they can catch fire due to overheating during the washing process. Customers can also contact Whirlpool's freephone hotline, 0800 316 1442 where an adviser will guide you on what to do next. He added: "This is an issue we inherited from buying Indesit Company, but as the new owner... [Full Article...]

Boeing suspends production of troubled 737 MAX jetliner

Boeing suspends production of troubled 737 MAX jetliner Boeing's shares closed down 4 percent on Monday and fell 1 percent after hours. Boeing 737 Max aircraft were grounded in California in March this year. It said it did not expect any layoffs or furloughs at this stage. The Federal Aviation Administration and authorities around the globe will determine when the Max jets are allowed to fly again. [Full Article...]

Will US-China 'Phase One' Trade Deal Decide Huawei's Fate?

Will US-China 'Phase One' Trade Deal Decide Huawei's Fate? They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The so-called phase one agreement announced Friday includes elements dealing with intellectual property protections, technology, currency and financial services. [Full Article...]

Trump Approves Draft US-China Trade Deal to Halt Looming Tariffs

Trump Approves Draft US-China Trade Deal to Halt Looming Tariffs If the United States does not suspend the new tariffs, Beijing officials will apply more tariffs on U.S. goods and may suspend talks until after the USA presidential election in November 2020, many trade experts believe. United States President Donald Trump and Beijing officials said on Friday that the U.S. and China have reached a so-called phase one trade deal that will see Washington su... [Full Article...]

Tears and shock: Boss surprises staff with $15m Christmas bonus

Tears and shock: Boss surprises staff with $15m Christmas bonus Only five people knew about the bonus before the celebration, the company said. "It is so generous". " I wanted to celebrate it and make it meaningful for the people who did it", Mr St. The average bonus was $50,000, but some employees will get upward of $250,000. "The [bonus] distribution was based exclusively on years of service". [Full Article...]

Mohamed El-Erian is a confident 'yes' on buying Saudi Aramco shares

Mohamed El-Erian is a confident 'yes' on buying Saudi Aramco shares Aramco said the sale of 1.5 per cent of the firm, the bedrock of Crown Prince Mohammed bin Salman's ambitious strategy to overhaul the oil-reliant economy, was oversubscribed almost 4.7 times. But Aramco managed to recover the bulk of its production levels more quickly than markets expected, bringing the oil price back down in the same week ⁠- something El-Erian believes gives the company credi... [Full Article...]

Canada sheds 71,000 jobs in November

Canada sheds 71,000 jobs in November The 40-day strike by about 46,000 workers at GM plants in MI and Kentucky had restricted employment gains to 156,000 jobs in October . The manufacturing sector added 54,000 jobs in November, offsetting a decline in October related to almost 50,000 General Motors workers who were then on strike . [Full Article...]

Uber's first safety review contains thousands of sexual assault reports

Uber's first safety review contains thousands of sexual assault reports Uber has a unit devoted to handling the most sensitive safety reports , but a September Washington Post investigation found that investigators are are instructed to keep the company's interests foremost, including through restrictions on their ability to report apparent felonies to police and a ban at the time on sharing information with competitor Lyft about possibly risky drivers. [Full Article...]

Oil may fall to $40, experts warn OPEC

Oil may fall to $40, experts warn OPEC Opec's deliberations on Thursday in Vienna took more than five hours, prompting the cancellation of a news conference and a gala dinner for delegates aboard a boat on the Danube. Unsurprisingly, this is reportedly where there has already been disagreement - all members want the group to cut, but no one really wants to carry the burden themselves. [Full Article...]