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U.S. rejects Maduro decision to sever diplomatic ties

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He claims Maduro, who was sworn into his second term earlier this month, is an illegitimate usurper. "The people of Venezuela have massively called for democracy and the possibility to freely determine their own destiny", the EU's diplomatic chief Federica Mogherini said in a statement on behalf of the 28-member bloc. Read More »

BuzzFeed announces plans to lay off 15 percent of staff

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The digital media company employs about 1,450 people, and the layoffs could affect about 220 workers, according to CNN . The privately held company has not been profitable for several years. Online media company Buzzfeed is facing a round of layoffs after numerous debacles in their news division, including the controversial publishing of the "Trump dossier" and a recent report denied by special counsel Robert Mueller. Read More »

So long, Sweethearts: Candy hearts not available for Valentine's Day

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In case you haven't been following candy news particularly closely, Necco, the company that is responsible for Necco wafers and Sweethearts, abruptly closed in 2018. Consumers may also opt for an alternate treat, like Jelly Belly's Conversation Beans or Cupid Messages M&M's, to send a loved one a romantic note. In Anne Of Green Gables, first published in 1908, Gilbert proffers a pink candy heart with the words, "You Are Sweet", to Anne, who grinds it under her heel. Read More »

Shutdown 5th week: air transport workers warn 'system will break'

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Administration officials have said as recently as this week that if the shutdown began to devastate air travel, they feared Republicans would jump ship and get on board with a short-term Democratic plan to reopen the government. Meanwhile, many airports have had to close security checkpoints due to TSA sickouts - with a growing number of TSA screeners not showing up for work due to the financial burden of working without pay . Read More »

Canada Backs Venezuelan Opposition Leader As Interim President

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Venezuelan opposition leader Juan Guaido holds a copy of Venezuelan constitution during a rally against President Nicolas Maduro's government in Caracas on January 23, 2019. "As interim president Guaido noted yesterday: 'Violence is the usurper's weapon; we only have one clear action: to remain united and firm for a democratic and free Venezuela'". Read More »

'No cancellation' of trade talks with China: Kudlow

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The United States accuses China of stealing intellectual property and forcing American companies to share technology when they do business in China. The Trump administration has said it would increase tariffs on $US200 billion of imports from China if no agreement was made on a range of trade disputes by March 1. Read More »

S&P, Dow dip on Commerce chief Ross's trade comment; chips buoy Nasdaq

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The Nasdaq composite climbed 47.69 points, or 0.7 per cent, to 7,073.46. "It's a tale of two cities". On the positive side of the ledger, corporate earnings , on the other hand, have been better than expected . Nine of the 11 primary S&P sectors extended gains, with the consumer staples sector up more than 1 percent, leading the winners. After the bell, Ford Motor Co (F.N) reported lower operating profit in the fourth quarter, weighed down by losses in every global region but North ... Read More »

Amazon commences field testing of autonomous Scout delivery robot

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However, it's not yet clear how Scout verifies customers' identity to make sure its storage hatch opens only for the correct people. Amazon has some 21 Seattle job openings listed in relation to the Scout system, including experts in computer vision, robotics and software engineering. Read More »

Boeing VTOL air vehicle prototype makes first flight

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This week's PAV flight was a test of the aircraft's autonomous functions and ground control systems, in which it successfully took off, hovered in place, and then landed. Forward wing-borne flight will also be tested. The Boeing PAV during its first test flight. Among the other innovative projects being developed under the auspices of NeXt, is an unmanned, fully electric cargo air vehicle created to transport up to 500 pounds (227kilos). Read More »

Huawei Unveils Its First 5G Base Station Chipset

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Mr Yu, who launched Huawei's new 5G modem chipset on Thursday (Jan 24), was also bullish on the tech giant achieving smartphone supremacy - with its own technology - as early as this year. universities such as the University of California at Berkeley were ditching equipment made by Huawei and other Chinese companies to avoid losing federal funding under a new national security law backed by the Trump administration. Read More »

Renault to name new boss as Carlos Ghosn quits

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Ghosn has been charged with failing to disclose more than $80 million in additional compensation for 2010-18 that he had agreed to be paid later. The company will also be taking steps in April and May to beef up governance at Nissan, he said. Read More »

Crude Oil Price Eyes China Slowdown, IMF Growth Outlook Update

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Researchers at Bernstein Energy said the supply cuts led by OPEC "will move the market back into supply deficit" for most of 2019 and that should cause prices to rise to $70 a barrel before the end of the year. Kuwait's output increased by 72,000 barrels to 2.803 million bpd in December, while that of Venezuela rose by 47,000 barrels to 1.511 million bpd. Whether OPEC's efforts will be successful depend in part on the development of oil production in the United States, where output jumped ... Read More »

Apple Pay at more United States stores, including Target and Taco Bell

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The move is particularly notable for Apple and Google, as Samsung Pay was technically (albeit unofficially) supported at Target already, courtesy of a technology called Magnetic Secure Transmission (MST). "We're thrilled even more customers will be able to pay at their favorite stores and restaurants using the Apple devices that are always with them". Read More »

Toyota, Panasonic form joint venture to build EV batteries

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The joint venture seeks to address these issues by drawing on both companies' resources and expertise. The Japanese automaker and the Japanese electronics maker said in a joint statement Tuesday that Toyota will take a 51 percent stake and Panasonic 49 percent in the joint venture, which is to be running by the end of 2020. Read More »

KSA: Aramco to Build Refinery in South Africa

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The recent discussions between officials from the two countries also included the possibility of Saudi Aramco using oil storage tanks in Saldanha Bay and a proposed petrochemical chemical plant, the ministers said . Under the MoU, projects will be launched in South Africa, managed by Saudi Aramco and the South African National Oil. Al-Falih reportedly said, "We believe that South Africa will grow economically", and that additional projects may follow those now under discussion, suggesting ... Read More »

Dyson moves head office to Singapore

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Singapore doesn't have a single car-manufacturing plant and is one of the costliest places in the world to buy an automobile, but is home to the planet's second-largest container port and a manufacturing hub for high-technology products such as Rolls Royce Holdings Plc aircraft engines. Read More »

Dollarama Opens Online Store In Canada

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The launch of the online store nation-wide comes after the company's successful pilot website rollout in Quebec . The online prices are the same as in-store, but the company emphasizes that products can not be purchased online in individual or select quantities. Read More »

Prince William turns interviewer as he quizzes Sir David Attenborough

Even then, he said: "Television in Britain in the '50s was only seen by a few million people in southern England". William will discuss the urgent challenges facing the next generation of environmental leaders with Sir David, who he has described as having "the single most important impact in my conservation thinking". Read More »

Newark Airport temporarily halted flights after drone sightings

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The airport is the 11th busiest in the U.S., with 20m boarding there each year. Flights from Newark Liberty International Airport in New Jersey were temporarily halted after a drone alert. No other arrests have been made. The drones were reported by flights preparing to land at Newark Liberty worldwide airport in northern New Jersey, the spokesman said. Read More »

Digger driver wrecks Liverpool hotel lobby

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A man has used a digger to destroy the reception of a newly-built Travelodge hotel in Liverpool . A few moments later, the digger rolls back out of the entrance and down the steps but the determined operator heads back up and through the front door. Read More »

Starbucks delivery coming to Boston

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The coffee giant said the delivery service would launch in San Francisco on Tuesday and expand to D.C., Los Angeles, Chicago, Boston and NY in the coming weeks. Customers will be able to access Starbucks Delivers through the Uber Eats mobile app, available on iOS and Android devices. Approximately 95% of Starbucks' core menu items are available, and customers can customize their orders. Read More »

Tesla gets the OK to begin Model 3 deliveries in Europe

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The Model 3 is a crucial project for Tesla as the USA electric vehicle maker known for its high-price luxury cars tries to reach the mass market with a more affordable option. The European launch is crucial for Tesla as it navigates what CEO Elon Musk called a "very difficult" road ahead. In its Q3 Update letter to shareholders , Tesla said in October that "The mid-sized premium sedan market in Europe is more than twice as big as the same segment in the US". Read More »

U.S. confirms it will continue to seek extradition of Huawei’s Meng

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Huawei has become the world's biggest supplier of equipment used by phone and internet companies. "The flagrant and unwarranted suppression on Chinese hi-tech companies will be proved to be terribly wrong by history. On Monday, some 140 worldwide China experts - including five former Canadian ambassadors - wrote to President Xi Jinping , calling on him to free the two detained Canadians. Read More »

Founder of The Ordinary, Brandon Truaxe, has died aged 40

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Two sources told CBC News Monday that Truaxe died over the weekend. According to Vox , acting CEO Nicola Kilner informed Deciem staff of Brandon's passing. " All offices, warehouses, factories and stores please close today and take the time to cry with sadness, smile at the good times we had, reflect on what his genius built and hug your loved ones that little harder ", Kilner continued. Read More »

Toyota, Panasonic launch joint venture to make electric-car batteries

Toyota and Panasonic announced a partnership in 2017 to pursue prismatic-cell batteries, which boast greater energy density than cylindrical-cell batteries, the likes of which are used by Panasonic in the batteries it sells to Tesla. While Panasonic is one of the world's biggest EV battery suppliers, it is facing rising competition from South Korean makers Samsung SDI Co and LG Chem, and CATL of China. Read More »

Brexit backer Dyson moves vacuum giant's HQ to Singapore

The headquarter switch from Malmesbury, Wiltshire, is likely to prove controversial given that Sir James - the company's billionaire chairman, founder and owner - is an outspoken supporter of Brexit. There would be a "negligible difference" to its tax payments as a result, said Rowan, who is already based in Singapore, where the corporate tax rate is 17 percent. Read More »

New Maruti Suzuki Wagon R 2019: Launch Tomorrow

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Dealerships have already started accepting bookings for a token amount of Rs. 11,000. The new Maruti Baleno facelift will offer a few minor updates, including new safety features, along with an updated equipment list. The 1.2-litre petrol produces 83bhp an 115Nm of torque while the 1.3-litre diesel churns out 74bhp and 200Nm of torque. The petrol engine produces a maximum power of 82 Bhp and 115 Nm of torque. Read More »

International Monetary Fund raises its economic growth forecast for SA

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French growth for this year has been cut by 0.1 points to 1.5 per cent, in the wake of the so-called "yellow vests" protests, which brought Paris to a standstill last month. The Washington-based fund said, "In sub-Saharan Africa, growth is expected to pick up from 2.9 per cent in 2018 to 3.5 per cent in 2019, and 3.6 per cent in 2020". Read More »

USA tells Canada to prepare for extradition of Huawei CFO

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Former foreign minister Gareth Evans is among almost 150 scholars and former diplomats globally who have signed an open letter urging China's President Xi Jinping to "immediately release" two Canadians detained amid a worsening dispute between Beijing and Ottawa. Read More »

China's economy grew at slowest pace in 28 years in 2018

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China's economy grew 6.6% a year ago, according to official data released Monday - its slowest pace since 1990. "Downward pressure on the economy is increasing", the commissioner of the National Bureau of Statistics, Ning Jizhe, said at a news conference. Read More »

Has Beijing done enough to stop slowdown in China growth?

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Copper is technically in a bear market with the price plunging more than 20% since peaking in June 2018 over fears of the impact of the trade dispute between China and the US. A top Chinese research institution projected the population could start shrinking as soon as 2027 - three years earlier than expected - if the birth rate held steady at 1.6 children per woman. Read More »

Davos 2019: USA economy likely to slow this year, International Monetary Fund says

International Monetary Fund chief economist Gita Gopinath, in an exclusive converation with ET NOW's Supriya Shrinate on sidelines of World Economic Forum in Davos , has talked on various issues related to Indian economy. Another major concern is the potential for a more severe slowdown in China, which would have repercussions throughout Asia. "As seen in 2015-16, concerns about the health of China's economy can trigger abrupt, wide-reaching sell-offs in financial and commodity markets ... Read More »