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Ford unveils small hybrid crossover to be produced in Romania


His drive consists of a 2.5-l four-cylinder gasoline engine and an electric Motor with 225 HP (166 kW) of system power. The Ford Escape PHEV's battery can be recharged using an integrated charging port, and is automatically replenished on the move using regenerative charging technology that captures kinetic energy normally lost during braking. Read More »

RBI cuts repo rate by 25 bps


In 2018, the central bank had raised rates by 50 bps to 6.5% which in 2019 has been cut and repo rate is back at 6%. A Business Standard poll of 15 economists and treasurers had last week predicted a 25 bps cut, and a lot of them expected the MPC to maintain its neutral stance. Read More »

Wood Mackenzie: Aramco bond move underscores its vast ambition


Saudi Arabia is home to the largest oil fields in the world (including Ghawar, which stretches 120 miles) - a luxury that helps companies like Aramco produce oil at a massive discount. The evaluations are deemed investment-grade level and signify credit risk, however, the bureaus held off on issuing Aramco with their top grades due to connections between the organization and the state. Read More »

Ghosn rearrested on new charges


In a statement to the media after his arrest, Ghosn said: "My arrest this morning is outrageous and arbitrary ". His lead lawyer, Junichiro Hironaka , said prosecutors wanted to silence Ghosn who on Wednesday tweeted plans to hold his first press conference on April 11. Read More »

What Jeff Bezos' Ex-Wife Said About Divorce Deal In Her Tweet


Jeff's 12 percent stake is now worth around $100billion which allows him to retain his title as the richest man in the world because he still has $4billion more than Bill Gates. MacKenzie most of all... Jeff and MacKenzie Bezos met in NY at D.E. Shaw. MacKenzie Bezos will also relinquish all her interests in the Washington Post newspaper and rocket company Blue Origin, she said in a tweet on Thursday. Read More »

Unwrap these 'National Burrito Day' deals in Tampa Bay


April 4 is National Burrito Day , and many chains are celebrating with delicious discounts and even free food. Moe's Southwest Grill : This restaurant chain is offering burritos and bowls for $5 each. Again, this is an in-person deal, and make sure you present the coupon when you order. National Burrito Day will be no different. The company is offering free delivery on April 4. Read More »

RBI reduces key lending rate by 25 bps

News Agency PTI, quoting ratings firm ICRA, said that the RBI could go for a 25 bps rate cut in the upcoming meeting of monetary policy committee . The monetary policy committee of a country uses the reverse repo rate as a tool to control the money supply in the country. Read More »

Renault alerts prosecutors to Oman dealer payments under Ghosn


Hironaka reiterated Ghosn's innocence and accused Nissan of working "as one" with prosecutors who have charged him with breach of trust and with falsifying financial reports in under-stating his compensation. French magazine L'Express has reported that Japanese prosecutors were investigating the possibility that Ghosn borrowed US$30 million from billionaire Bahwan, based on a document that was found in Ghosn's apartment in Japan. Read More »

White House adviser contradicts Trump on border plan


The Council of Economic Advisers was conducting a number of studies on the potential impact of closing the border and "working with the president to give him those options", she said . "Avocado prices could easily double or triple if we shut down the border ", Roland Fumasi, the vice president of Rabobank, which tracks agricultural financing, told Bloomberg. Read More »

March sees manufacturing gains, says ISM


In the eurozone, factories saw their worst month for nearly six years in March, a Markit survey found. March manufacturing PMI for the bloc declined for an eighth month, coming in at 47.5, the lowest reading since April 2013. Factory activity remained weak around the world last month, reinforcing worries of a global slowdown as forward-looking indicators pointed to gloomy times ahead, surveys showed on Monday. Read More »

British MPs make moves to force May into Brexit delay


Another risk is that a summit of European Union leaders on April 10 might decide there is no sure way out of the stalemate, and refuse Britain a further year-long extension to sort itself out. "The UK should now indicate the way forward or indicate a plan", Mr Barnier said. The House of Commons on Monday threw out four alternatives to May's Brexit deal - the second day of inconclusive votes on options. Read More »

Texas AG Investigating San Antonio Blocking Chick-fil-A From Its Airport

Paxton also sent a letter to Secretary Elaine Chao of the U.S. Department of Transportation requesting that her agency open an investigation into the City of San Antonio's "potential violation of federal law and Transportation Department regulations when the city banned Chick-fil-A from operating a restaurant in the San Antonio International Airport based on the company's religious beliefs". Read More »

Oil set for biggest quarterly rise since 2009


U.S. West Texas Intermediate (WTI) futures settled up $1.45, or 2.4 percent, at $61.59 per barrel, after reaching their highest in almost five months at $61.72. This week's reports on USA supplies are expected to show crude inventories fell, a sign that the OPEC curbs are having the impact producers intended. Read More »

Four Brexit options chosen for indicative votes


Politicians on either side of the House of Commons were scrambling to avert a no-deal Brexit on Tuesday, as Theresa May's cabinet remained locked in discussions and the European Union warned that it was becoming increasingly likely that the United Kingdom would crash out of the bloc. Read More »

Governor and lawmakers react to kidnapping and murder of UofSC student


The move comes just days after 21-year-old New Jersey native Samantha Josephson was killed after she mistakenly climbed into a vehicle she believed was her Uber ride . "I will miss and love my baby girl for the rest of life". He is being held in jail in Columbia. "Peggy and I are devastated and crushed over the Josephson family losing their attractive daughter Samantha". Read More »

Erdogan's AK Party challenges Istanbul local election results


Initial results will be released in a week after the people vote for mayors, municipal councils as well as other local officials. More than 57 million people in the country were registered to vote for mayors and councillors. Looking to galvanise his base among conservative Turks, the president cast the election as a matter of survival, attacking opposition candidates by branding them as linked to PKK Kurdish militants. Read More »

Kellogg is selling its Keebler and Famous Amos cookie brands


The brands Ferrero will acquire include popular Keebler cookies as well as Famous Amos and Murray Sugar Free cookies and fruit snacks such as Stretch Island. The goal has become tougher to achieve as consumers move away from packaged food and cereal has lost popularity with Americans. Kellogg acquired Keebler Foods, which was founded in 1853, in 2001 for $3.86 billion. Read More »

Disney Springs restaurants targeted in data breach


Earl Enterprises , the parent company of widely popular restaurant chain Planet Hollywood , has been hacked , and payment information of millions of its users compromised. For additional information, check out Earl Enterprises' FAQ section here. Earl Enterprises said the malicious software captured credit card data including credit and debit card numbers, expiration dates and in some cases, cardholder names. Read More »

Burger King's 'Impossible Whopper' is 0% meat and 100% real


Plus, health-conscious customers may be drawn to plant-based options due to their lower cholesterol and calorie counts . The plant-based invention that offers a glimpse into what the future of meat might look like. Other fast food and fast casual items are also appealing to eaters with dietary restrictions or preferences. But according to Burger King's North America president Christopher Finazzo, research shows consumers are willing to pay more for the plant-based burger. Read More »

Rakuten says it will book $990 million gain on Lyft investment


On Thursday, Lyft priced 32.5 million shares, slightly more than it was offering originally, at US$72, the top of its already elevated US$70-$72 per share target range, raising US$2.34 billion in its IPO . We simply have to look too far out with too many big assumptions in order to make a case for the stock... Uber , which is also loss-making, would be valued at about US$128 billion at its IPO if awarded the same multiple as Lyft . Read More »

SHUTTING DOWN: Warwick's Big W DC to close


Sales rose six per cent in the first 12 weeks of the current financial year but "the profit improvement is slower than planned", Woolworths said. The store closures represent about 16 percent of the existing store network with a remaining average lease tenure of about 10 years. Read More »

Credit breach hits Planet Hollywood, Buca di Beppo, Disney Springs restaurants

The incident has now been contained, and Earl Enterprises is continuing to work with federal law enforcement officials and with security experts on further remediation efforts. This includes card numbers, customer names, as well as card expiration dates. People who paid for orders online through third-parties need not worry though, since the malware was localized. Read More »

McDonald's customers soured over 'McPickle Burger' April Fools' prank


Are you a pickle lover? When McDonald's posted a video of its latest menu addition, the McPickle, to Instagram , it had more than 16,000 views. "It's sure to be a treat for all your senses", the post reads. Others called on McDonald's to "make it real". Another person chimed in, "pickle problems solved". 'Even though it's an [April Fools], this is still disgusting to even think about, ' said one. Read More »

Burger King Tests New Impossible Whopper At Select Locations

Louis area. While it's seemingly a minor distinction, Burger King and Impossible Foods point out their collaboration marks the first time a coast-to-coast fast-food restaurant has served plant-based meat from the food startup. Get push notifications with news, features and more. According to Impossible Foods, their burger is primarily made from water, soy protein concentrate, coconut oil, sunflower oil and other natural ingredients. Read More »

Turkey’s president suffers setback in big cities at local elections


With 90 percent of ballots counted, secularist opposition Republican People's Party (CHP) mayoral candidate Mansur Yavas had 50.3 percent of the vote, 2.8 percentage points ahead of his AK Party rival. Erdogan portrayed the election as a victory for AKP, which along with coalition partner, the rightwing Nationalist Movement Party (MHP), won around 52 percent of the votes nationwide. Read More »

Saudi Aramco world's most profitable company in 2018


Aramco had a net income of $111 billion past year. Specifically, Fitch noted "the influence the state has on the company through regulating the level of production, taxation and dividends". Fitch's A-plus rating for Aramco is higher than that of Shell, BP and Total. The world's largest oil producer has hired banks ahead of a planned multi-tranche debut dollar bond issue, potentially including tranches from three to 30 years, according to a document issued by one of the banks leading the deal ... Read More »

Facebook now explains better why you’re seeing some posts and ads


This is a great feature for end users to cleanup their newsfeed. In effect, Facebook is going to help you understand how it ranks posts that show up on your News Feed. The company shifted its strategy for its centrepiece news feed in early 2018 when it chose to prioritize posts from family and friends and downgrade non-advertising content from publishers and brands. Read More »

Elon Musk drops rap song eulogizing Harambe the gorilla


The meme rap song called "RIP Harambe " comes from an account belonging to "Emo G Records". He later added , "This might be my finest work". The announcement came just days after the SEC said they were suing Musk for misleading investors - an allegation stemming from a controversial tweet he sent out in August declaring he was taking Tesla private at $420 a share. Read More »

NY Lawmakers to OK Budget With NYC Toll, Bag Ban


The legislation banning most plastic bags provided to customers at supermarkets and other retail businesses also allows counties to opt in on a 5-cent fee on paper bags. "The convenience of plastic bags is simply not worth the environmental impact", said Carl Heastie, D-Yonkers. The commission's conclusions are due December 1 and will have the force of law unless the Legislature were to convene within 20 days to modify or reject the proposal. Read More »

Technical glitch causes nationwide flight delays


American Airlines has also tweeted about the issue, but did not specifically say it is was "system-wide". In a tweet , an airline rep said the glitch is "affecting our flights system wide, and we're working to see if it's affecting any other carriers this morning as well". Read More »

Debenhams is Saved, But Might Still Have to Sell to Sports Direct


Only on Wednesday, Mr Ashley, through Sports Direct , said he was considering tabling an offer for Debenhams which would value it at £61.4m. The refinancing deal leaves the door open for Sports Direct to make a bid. Shares in the store jumped 29.1 per cent to 2.7p on hopes that he will make a bid. Debenhams's plans to raise up to £200m are to support a restructure that could wipe out shareholder value. Read More »

Each Jeep Gladiator Launch Edition Comes with a Chance to Win $100K


Additionally, consumers who pre-order a Jeep Gladiator Launch Edition model will be exclusively eligible to enter the "Find Your Freedom" contest, where they will have the opportunity to win what Gladiator offers: Jeep Freedom. If you don't end up getting a Launch Edition, you won't have to wait long for a Gladiator. You can exhale now, the 2020 Jeep Gladiator, the midsize truck based on the off-road juggernaut Wrangler is finally here. Read More »

People can’t wait to get their hands on Apple Card


Finally, Apple won't have the typical marketing spend to attract customers for its offering, as the company has almost 1 billion iPhone users as an existing market for the card. The company created a unique architecture - the Secure Element - consisting of a special security chip used by Apple Pay, which contains the card's information. Read More »