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China delays tariffs on USA autos, other goods in trade deal

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The deal will provide more protection for foreign companies in China, and Chinese companies in the United States , Chinese officials said. Stock markets and sterling gained on Friday as US-China trade hopes and an election win for Britain's Brexit-backing Conservative Party cleared two of the clouds on the global investment horizon. Read More »

Porsche’s electric Taycan barely clears 200 miles on a charge

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This is the first variant of the Taycan - Porsche's first all-electric vehicle - to receive an estimated range from the EPA. Yet, as per the EPA, that isn't helping its range. The new Porsche Taycan Cross Turismo is expected to make its debut at the end of 2020 but no word on when we will actually start seeing the vehicle on the road. Read More »

London chants 'Not my Prime Minister' after Boris Johnson's win

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In a victory speech outside 10 Downing Street on Friday, Johnson called for an end to the acrimony that has festered throughout the country since the divisive 2016 Brexit referendum, and urged Britain to "let the healing begin". Johnson said his party had an "overwhelming mandate from this election to get Brexit done - and we will honour that mandate by Jan 31", the next European Union deadline. Read More »

Delivery Hero to acquire delivery app Baedal Minjok

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Founded in 2010, Woowa's Baedal Minjok app has been the leading food delivery service in South Korea, the fourth largest market for online food orders in the world. "The [food] delivery market has been flooded with enormous Japan-backed capital and influential online platforms, leading Woowa to factor in partnership as a survival strategy", said a spokesman at Woowa Brothers . Read More »

Facebook stock falls on report that the FTC is eyeing action

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The idea is that all three apps will share the end-to-end encryption used by WhatsApp. The U.S. Federal Trade Commission is considering asking a court to stop Facebook Inc from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday, citing people familiar with the matter. Read More »

Could a Tesla dirt bike happen?

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Tesla co-founder Elon Musk's mother, Maye Musk, posted a picture on Twitter of a young Elon repairing a broken window of a 1978 BMW auto. Bild says the German Gigafactory, which would cost Tesla roughly 4 billion euros ($4.4 billion), will eventually be capable of spilling out about half a million new cars per year. Read More »

Blow for Boeing as Qantas picks Airbus' ultra long-haul jet

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Qantas said in its statement Friday that it had not yet placed an order for Airbus planes. Before the route becomes reality, it must be approved by the Qantas board at a vote, scheduled to take place in March 2020. Cabin configurations are still yet to be announced, but it is likely that it will feature larger premium cabins and smaller economy products, as is the standard for increased range operations due to weight limitations. Read More »

Amazon investment in Deliveroo could lead to higher prices, says CMA

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The government body has said that if the two companies fail to alleviate concerns over a dilution of competition in the market, which could ultimately stop prices from falling, it would launch an in-depth investigation. Currently, there are only a small number of companies that act as the middle-man between restaurants and customers, and Amazon offered this service in competition with Deliveroo until 2018, when it exited the market. Read More »

European Central Bank holds interest rates steady after first meeting under Christine Lagarde

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As for the strategic review, it is expected to be completed at the end of 2020, suggesting a limited impact on the European Central Bank reaction function in months/quarters to come. There was also no change in its asset-purchase program, which restarted in November at €20 billion per month. The biggest change was arguably a tweak to the ECB's guidance on growth, suggesting that risks were less pronounced, mostly as trade tensions appear to be easing and the United Kingdom election could ... Read More »

US Retail Sales Rise Less Than Expected In November

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Meanwhile, the growth for the closely watched Retail Sales Control Group decelerated to 0.1% during the reported month, down from 0.3% in October, albeit did little to influence the U.S. Data for October was revised up to show retail sales increasing 0.4% instead of gaining 0.3% as previously reported. Verus a year ago meanwhile, retail sales were up by 3.3%. Read More »

Saudi Aramco inches closer to Crown Prince's $2 trillion valuation

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Saudi Aramco's market value after one day of trading is closing in on the $2 trillion market value sought by the kingdom's de facto leader, despite skepticism from global investors . On Wednesday, the IPO of 1.5% of Aramco's capital became the largest in history. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said last week at the conclusion of the OPEC meeting that he expects Aramco's market capitalization to soon climb above $2 trillion. Read More »

UK Conservative Party projected to win majority

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The Labour Party is projected to take 191 seats. The Green Party will still have one MP and Plaid Cymru will lose one seat for a total of three, the survey suggests. The last time any United Kingdom party exceeded that number was the then left-centrist Labour party in its 1997 landslide under europhile globalist Tony Blair, who won 418 seats. Read More »

Plane carrying 1 of Liverpool’s owners skids off runway

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The airport is now closed and all flights there have been suspended. According to reports, Gordon was coming from MA after wrapping up a couple of meetings when the jet skidded off the runway. One person on Twitter wrote: "Sat on an easyJet flight waiting to leave John Lennon Airport". The British publication also shared the official statement from the airport, which confirmed that an incident had occurred during the early hours of the morning. Read More »

Cisco revamps networking platform with new silicon and software

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Building a single silicon that enables all - access, core, edge - the solution has to shine and be the best in any one of those market segments, you need to master everything. Cisco is investing in silicon photonics technologies to effect architectural transitions in datacenter networks and service provider networks that will drive down cost, reduce power and space, and simplify network operations. Read More »

British election: High-profile anti-Brexit leaders voted out of office

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The victory makes Mr Johnson the most electorally successful Conservative leader since Margaret Thatcher. That would come, he said, after a period of quiet reflection. Pre-election polls had projected a healthy win for Johnson's Tories, but such surveys have been notoriously unreliable in recent years, starting with the Brexit referendum, whose outcome shocked many. Read More »

Pound surges as United Kingdom elections' exit polls point to Conservatives majority

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Sterling rose to 83.93p to the euro at one stage on Monday as opinion polls overwhelmingly indicate Boris Johnson's Conservative Party winning decisively in Thursday's General Election. Conservative Prime Minister Johnson has promised to take the United Kingdom out of the European Union by the end of January and then negotiate a trade deal with the bloc. Read More »

M&C Saatchi shares slide after founder and three directors quit

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Lord Saatchi, the executive director of the firm, tendered his resignation which was announced on Tuesday. "We are determined to restore the operational performance and profitability of the business". M&C Saatchi is famous for the controversial New Labour, New Danger campaign for the Conservatives in 1997. The accounting saga has weighed on the company's share price, which has fallen more than 60% this year to 103p, with analysts billing the company, which has clients including O2 and Sky in ... Read More »

U.S. trade offensive takes out WTO as global arbiter

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Global trade will lose its final referee on Tuesday, and countries will not be able to reach a final settlement of disputes with the World Trade Organization . Trump and his main negotiator, Robert Lighthizer, are particularly vociferous critics of the WTO. Lighthizer expressed concerns that U.S. demands for reform of the Appellate Body "have been ignored" in an April U.S. Read More »

Donald Trump tweets 'very close' to China trade deal

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With his 2020 reelection battle heating up he is keen to seize back the political initiative and show voters his punishing trade war with China has brought results. Beijing has said it would retaliate if the United States escalates the trade dispute. If the USA and China don't reach some sort of agreement by midnight this coming Sunday, the USA could slap tariffs on another US$156 billion worth of goods that America imports from China, mostly consumer products, including laptops, mobile ... Read More »

Fed to announce December decision on interest rates

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There were no dissents to the policy statement, the first without opposition since the April 30-May 1 meeting. The decision, though widely expected, is unlikely to please President Donald Trump who has repeatedly berated the Fed and called on its Chairman Jerome Powell to slash rates to zero to supercharge the USA economy, which Trump says is at a disadvantage against foreign economies with lower rates. Read More »

S&P 500, Nasdaq set to open higher; Home Depot to pressure Dow

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Futures tied to the Dow Jones Industrial Average drifted between gains and losses before edging down 0.1%, while the Stoxx Europe 600 index was nearly unchanged. U.S.jobs grew by 266,000 in November, easily topping a Dow Jones estimate of 187,000. "This accommodative stance should provide a measure of support for risk assets heading into the new year". Read More »

Boeing: US regulator admits 'mistake' over aircraft crashes

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According to a report dated a month after a Lion Air 737 Max crashed in October 2018, killing 189 people, the Federal Aviation Authority (FAA) concluded the plane could become involved in more fatal crashes without design changes. "The decision did not achieve the result that it needed to achieve". DeFazio said the FAA's response was "way less than not satisfactory... it was catastrophic", adding that it was unclear how widely the internal FAA risk analysis had been distributed in the agency ... Read More »

Wearables Market surges in Q3 due to rising Hearables popularity

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Cupertino's slightly odd-looking wireless earbuds have 35 per cent of the market, having shipped 29.5 million units in 2019's third quarter. For the three-month period, the global wearable market saw 84.5 million shipped products, up 94.6 percent compared to 43.3 million shipments in the same quarter of 2018, according to data published this week by IDC. Read More »

Chevy Tahoe and Suburban land mid

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Pricing hasn't been announced yet but the Tahoes and Suburbans at dealerships now start at around $50,000. If all full-size pickup trucks in the USA were to be powered by a diesel engine, the research found that we would realize a savings of ~500 million gallons of fuel for one model year. Read More »

Away replaces CEO Steph Korey after Verge investigation The Verge

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She included that she had likewise been working with an official mentor since those episodes the report featured. And Korey will remain on the Away board as executive chairman. "With the huge growth of the Away brand, the complexities of our business have evolved as well", said Jennifer Rubio, Co-Founder, President and Chief Brand Officer of Away . Read More »

ADB raises growth forecasts for Vietnam in 2019 and 2020

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Also, it said consumption was affected by a slow job growth and rural distress aggravated by a poor harvest. IHS Markit recently forecast India's real GDP growth for fiscal 2020 will fall below 5%, saying stimulus measures will take some time to filter into the economy. Read More »

Aramco Soars in Debut to Hit Market Value of $1.88 Trillion

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The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 a.m.in Riyadh as Aramco board members, Saudi officials and invited guests cheered at a ceremony at the Fairmont Hotel in the kingdom's capital. Most actively managed funds said they would likely steer clear of the IPO, citing concerns about governance, the environment, and regional geopolitics, according to information provided to Reuters by 26 major asset managers outside the Gulf region. Read More »

New climate pact is EU's "man on the moon moment" - chief executive

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European nations are among the largest emitters of warming gases in history that have already raised global temperatures, and measures to reduce emissions are crucial to curb global warming. "It would help if at the Council we get some progress on carbon neutrality", said MEP Pascal Canfin, chair of the environment committee of the leaders' meeting. Read More »

Weaker oil demand overshadows proposed OPEC output cuts, as oil price dips

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Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-U.S. "If tariffs go into effect, sentiments will turn bearish again". Meanwhile, analysts shared that , though the decision of the OPEC + to increase output cut from 1.2 million barrels per day to 1.7 is overshadowed, it still would remain a mid-term support ... Read More »

Strikes over pension reform cripple France

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France's prime minister is expected to unveil proposals on pension reforms that might calm tensions on the seventh straight day of a crippling transport strike . Meanwhile, public transport in the capital remained nearly stopped, with only two of the 16 subway lines operating normally, nine completely closed and suburban trains also suffered major disruptions. Read More »