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Want to See the Future of the Electric Car? Go to China

The decision to make its first electric auto in China also highlights the central role the country will play in Volvo's electrified future, Volvo said in the statement. With the launch of the first all-electric vehicle will help Volvo to achieve its goal of selling a million hybrids and EVs by 2025. Ford's Schoch said that as manufacturing volume of batteries - an electric car's most expensive component - expands, costs should fall, making them competitive with combustion engines. Read More »

May wins Parliamentary approval for snap general election

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TRT World'sSarah Morice brings more from London . The Lib Dem leader predicted that Labour will lose "dozens and dozens" of seats on June 8, and said that the only threat to Conservative MPs came from his party. He dismissed the PM's argument that she needs a fresh mandate to deliver Brexit, and said it was "extremely interesting" she had called for an election as the Crown Prosecution Service decides whether to press charges against a number of Tory MPs over allegations relating to 2015 ... Read More »

Campaigning begins as MPs vote for snap General Election

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She said: "It's great to be here in Bolton, fresh from the House of Commons, fresh from winning a vote in the House of Commons, which has approved my decision to hold a general election on 8 June". UK Prime Minister Theresa May today (18 April) announced she will call a snap general election for 8 June. The Sun , Britain's top-selling newspaper, splashed the headline "Blue Murder" - a reference to the Conservatives' party color and the prospect of Labour losing dozens of seats. Read More »

MPs overwhelmingly support May's call for snap election

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In her speech outside Downing Street yesterday, the prime minster said an election was in the country's best interest following last year's vote to leave the European Union. Professor Martin Smith, head of the University of York's Department of Politics, said: "With a large Conservative majority, the government will be able to get through any Brexit deal". Read More »

European Union says ready to welcome back United Kingdom if it decides to stay

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With Mrs May needing the support of 434 MPs - two thirds of all seats in the House of Commons - some 522 voted for the early election , with just 13 against. England Prime Minister Theresa May called for an early general election on Tuesday. Mrs May announced on Tuesday that she wanted to call the election less than a month after she invoked Article 50 , beginning the formal process for the United Kingdom to leave the EU. Read More »

Gas Leak At BP Oil Well In Alaska Has Been Stopped

A full assessment of the affected area will be made and remediation plans developed once it's secured, BP said. The spray of crude onto the pad of the well, which occurred when the well in the bay area of Greater Prudhoe was leaking gas, stopped by afternoon on Sunday. Read More »

VP Pence to Talk Trade, Security During Trip to Australia

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During his visit, Pence is expected to discuss a bilateral free trade agreement signed 12 years ago, and other investment opportunities with Australian Minister for Trade, Tourism and Investment Steve Ciobo. During a visit to the headquarters of the Association of Southeast Asian Nations (ASEAN) in Jakarta, Pence confirmed that President Trump will attend three regional summits in November: a U.S. Read More »

White House Optimism on Shutdown Complicated by Trump Demands

He will reach the milestone that traditionally invites scrutiny of a commander-in-chief's early progress a week today. Mulvaney's plan rattled ongoing negotiations between the parties to pass a stopgap spending bill to avoid a government shutdown on April 28, when spending authorization ends. Read More »

May: Early election will strengthen UK's hand in Brexit negotiations

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British voters will be heading to polling stations for the third time since 2015, after lawmakers overwhelmingly backed Prime Minister Theresa May's call for a snap election on June 8. May has framed the election, in which her ruling Conservative party could win as many as 100 extra seats, as a way of securing the best possible Brexit deal for the UK. Read More »

EPA chief: Agency to reconsider methane emissions rule

The EPA sent officials to the city to test the water of the homes near the Superfund site and found that not only were there high levels of lead in the tested homes, but that the contamination was likely city-wide problem; lead pipes and water that had been improperly treated for decades were the culprits. Read More »

Trump promises 'massive tax cut' in tax reform package

Mnuchin would not say what recommendations he expects to make to the president. The White House is issuing an executive order that will direct the Treasury Department to identify and reduce tax burdens, as well as review banking and insurance company reforms implemented after the 2008 economic crisis that those businesses complain are unfair, according to a report by Reuters . Read More »

With North Korea, we do have cards to play

Vice President Mike Pence said Wednesday while visiting Tokyo that the US would respond with an "overwhelming and effective" military strike if North Korea attempts to execute any of its threats against Washington. US officials said on Thursday they were aware of a higher-than-usual level of activity by Chinese bomber planes. In a tweet on Friday, Trump said: "China is very much the economic lifeline to North Korea so, while nothing is easy, if they want to solve the North Korean problem, ... Read More »

San Franciscans take power outage in stride

An hour later, everyone had power. A spokesperson for the US Department of Homeland Security was quick to dispel any fears that the outage was related to a security or terrorism incident. Schools affected by the outage included: Civic Center, Alamo, Cobb, Galileo, Marina, George Peabody, Presidio, Redding, Rosa Parks, Spring Valley, Sutro, Tenderloin, Wallenberg, Sherman, Francisco, Claire Lilienthal, S.F. Read More »

Election good for Brexit talks, says European Union chief

The same analysis projects a 76 per cent chance of a Conservative parliamentary majority, and just a 5 per cent chance of a Labour majority. Sturgeon told supporters Wednesday: "Make no mistake, if the [Scottish National Party] wins this election in Scotland, and the Tories don't, then Theresa May's attempt to block our mandate, to give the people of Scotland a choice, over their own future when the time is right, will crumble to dust". Read More »

China's economy expands 6.9% in Q1, strongest economic growth since 2015

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The reading was an improvement compared to the average analyst expectations of 6.8% in a poll conducted by AFP. China's value-added industrial output, an important economic indicator, expanded 6.8 per cent year on year in the first quarter, compared with the 6.3 per cent increase for January to February, the NBS data said. Read More »

Controversy Has Sparked Over NYC's Fearless Girl and Charging Bull Statues

People stop to photograph the "Fearless Girl" statue in NY, made by Lewes artist, Kristen Visbal . A plaque originally placed at the girl's feet read: "Know the power of women in leadership". Artist Arturo Di Modica , however, is apparently not a fan. Di Modica planned to appear at a press conference Wednesday. In the letter, obtained by TMZ, he says he was never consulted about the new art piece, despite the fact it's clearly capitalizing on its proximity to the 'Bull'. Read More »

AK Steel Holding Corporation (NYSE:AKS) Quarterly Analysis

Rosenfeld now forecasts that the basic materials company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.17. United States Steel Corporation (NYSE:X) stock simmered out of the gate today, but surged after President Trump signed a directive for an investigation into any adverse effects foreign steel has had on domestic producers. Read More »

Macron seen winning but Le Pen gains

Mr Fillon said: "In this current context, there are no grounds to continue campaigning". Cazeneuve said more than 50,000 police and gendarmes and 7,000 soldiers would be on duty for Sunday's first-round vote in the two-stage election, and nothing could be allowed to "hamper this democratic moment". Read More »

USA oil climbs to 5-week top on geopolitical tensions

Canada's share of USA crude oil imports declined slightly from 2015, as both imports and import shares from countries such as Iraq and Nigeria grew, according to annual trade data from EIA's Petroleum Supply Monthly. Despite this output-cut initiative, the oil market remained largely oversupplied due to rising USA production and stockpiles. "This would again increase the pressure on oil prices". Read More »

IL bill would ban forcible removal of passengers after UAL incident

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Crew members will now have to check into flights an hour before take-off to avoid altercations about overbooking with passengers who have paid for their seats. This is one of our initial steps in a review of our policies in order to deliver the best customer experience. Dao was selected to de-board, but he did not, leading security to aggressively remove him from his seat, injuring and dragging him. Read More »

Man dragged from United Airlines launches legal action

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But on Monday Mr Munoz said Mr Dao's conduct meant employees were "left with no choice but to call Chicago Aviation Security Officers to assist in removing the customer from the flight". "It's not so much what I thought, it's what I felt, probably the word ashamed comes to mind", said Munoz. They said they want to make sure the city and the airline preserve surveillance video showing passengers boarding Sunday's Flight 3411 to Louisville at O'Hare International Airport. Read More »

Opec chief sees oil producers near to re-balancing market

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USA crude inventories probably shrank by 1.7 million barrels last week, according to a Bloomberg survey before an EIA report Wednesday. This week's draw in crude oil inventories is the seventh draw in the last sixteen weeks, using API data, with the API still reporting an overall hefty build over the previous 15 weeks of roughly 37.1 million barrels. Read More »

Health Care Compromise Circulates As Congress Prepares to Return

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State law does not mandate prescription drug coverage in all insurance plans, for example. But that may not be the case in NY state. But there's a biiiiig caveat to the biiiiig caveat. The Tuesday Group has roughly 50 members. Many Freedom Caucus members said they did not support the bill because it did not do enough to dismantle Obamacare. Read More »

EPA Chief Visits Lead-contaminated East Chicago Site

Pruitt toured the complex with IN officials, including Gov. Eric Holcomb and Sen. "We've got to make our voice heard". Pruitt will be the first EPA administrator to visit the site in East Chicago, according to his office. The housing complex was built over land that had been used by lead and copper smelting companies for almost a century before being shut down in the early 50s. Read More »

Walker welcomes help from feds on Canadian dairy dispute

Minutes later came the now-familiar sight of Trump in the Oval Office, followed by a pointed attack on Canadian trade practices and the impact on USA interests. This week, he reiterated his desire to negotiate or eliminate NAFTA, the agreement forming a bilateral trade bloc between the US, Mexico, and Canada. Read More »

Wall Street awaits French presidential election results

The S&P 500 and Nasdaq composite eased 0.2%. The stock jumped 6.7 percent to $50.11 after the No. 3 USA railroad operator's quarterly profit beat estimates. Oil prices were little changed in a seesaw trading session, as investors weighed rising US production against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely. Read More »

OPEC Won't Commit To Extending Cuts As US Output Continues To Rise

Gasoline stockpiles climbed 1.54 million bbl last week, surprising analysts surveyed by Bloomberg who projected the Energy Information Administration data would show a 2-million-bbl decrease. "Rising oil output in the USA remains the predominant bearish factor for prices despite growing anticipation that OPEC will extend a self-imposed cap on its oil production in the upcoming May meeting", said Abhishek Kumar, senior energy analyst at Interfax Energy's Global Gas Analytics in London. Read More »

MP backs call for election

She said on Tuesday she had "reluctantly" come to the decision to call for an early election because of political division in Westminster, criticising opposition parties for trying to thwart her plans for leaving the EU. The UK parliament has voted in favour of Prime Minister Theresa May's call for an early general election. "Never have I felt so strongly about an election", said Julie Cooper on Facebook . Read More »

In Volatile Markets Do Analysts Think You Should Buy Proofpoint, Inc. (PFPT)?

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They now have a United States dollars 79 price target on the stock. Proofpoint, Inc . (NASDAQ:PFPT)'s market cap, the total dollar value of all of their outstanding shares, is 3074.30m. Chicago Equity Prtn Ltd Liability Corp owns 10,915 shares or 0.02% of their USA portfolio. The 7 months technical chart setup indicates low risk for the $1.62B company. Read More »

Pence says seeks fairer trade with Indonesia

Pence arrived in Jakarta late on Wednesday to boost a strategic partnership between the world's second- and third-largest democracies, but a series of disputes Indonesia has had with American firms has ruffled ties. Under the deal, the USA would take up to 1,250 refugees that Australia houses in detention camps on the Pacific island nations of Nauru and Papua New Guinea. Read More »

O'Reilly is out at Fox News amid sexual harassment accusations

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His ouster came after reports that five women had been paid millions of dollars to keep quiet about harassment allegations. "It is the end of an era here at Fox News Channel", Perino said. Eastern to the O'Reilly slot at 8 p.m. The Times article prompted protests and an advertiser boycott , which led to Fox News' parent company, 21st Century Fox , reviewing the allegations against O'Reilly and severing ties. Read More »

Rockwell Collins Announces 2% Drop In Q2 Bottom Line

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Institutional investors own 78.40% of the company's stock. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,181 shares of the aerospace company's stock valued at $100,000 after buying an additional 1,000 shares during the period. Read More »