Business

Tesla lowers prices in China

Tesla lowers prices in China The Model S 75D will be now priced at RMB 782,900, falling by RMB 104,700 while the Model X 75D will be priced at RMB 861,800, reduced by RMB 113,900. Last month, 2.39 million vehicles were sold, down 11.6 per cent from a year ago. The first cars are expected to roll off the production line in around three years, according to the carmaker. [Full Article...]

U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says

U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says Officials have spoken to their counterparts and telecom bosses in Germany, Italy, Japan and other friendly countries where the Chinese company's equipment is already in use, the Wall Street Journal reported Thursday , citing unnamed sources. [Full Article...]

Nissan board ignores Renault request not to oust Ghosn

Nissan board ignores Renault request not to oust Ghosn Kyodo News reported yesterday that the Tokyo District Court has decided Ghosn and Kelly would be detained for a further 10 days. The company's board also voted to oust Greg Kelly, who also got arrested on the same charges, from his position as Representative Director. [Full Article...]

Oil prices hit year low as OPEC considers output cut

If OPEC agrees to cut production at its meeting next month, oil prices could recover sharply, analysts say. The value of a barrel of oil has tumbled approximately 20 percent since the start of the month, adding to a seven-week streak of consecutive losses. [Full Article...]

Dolce&Gabbana founders make video apology to China

Dolce&Gabbana founders make video apology to China Many Chinese social media users called the videos , which have since been deleted, racist and full of outdated stereotypes. According to data compiled by Bloomberg , Chinese consumers spent over $100 billion on luxury purchases past year - one-third of the global total. [Full Article...]

Retail Stores Using New Technology to Attract Shoppers on Black Friday

Retail Stores Using New Technology to Attract Shoppers on Black Friday Best Buy shopper Scott Spencer said, "Usually we find the best deals on Thanksgiving day". Saks Fifth Avenue's flagship store opens at 8 a.m. with deals on designer clothing, handbags and shoes. 'Since Black Friday was adopted by Britons back in 2013, retailers have increasingly moved offers online, and that coincidentally is where a higher proportion of younger consumers can be found'. [Full Article...]

U.S. stocks take sharp losses as tech, internet companies drop

U.S. stocks take sharp losses as tech, internet companies drop Investors focused again on trade tensions between the USA and China after the two countries clashed at a Pacific Rim summit over the weekend. Tokyo stocks opened sharply lower on Wednesday, following a plunge on Wall Street. The Nasdaq lost 151 points, or 2.1 percent, to 6,883. Three major factors contributed to Tuesday's sell-off, namely the disappointing news about the some big retail names,... [Full Article...]

Americans travel across USA for Thanksgiving

Americans travel across USA for Thanksgiving In addition, 4.27 million people will travel by air this year. "We are also trying to just make sure that our passengers are aware that they need to be prepared, especially if they're traveling between 4:30 and 7:30 in the morning", said Stewart Key, CHO. [Full Article...]

Brexit: May meets Juncker in Brussels

Brexit: May meets Juncker in Brussels The comments come after Pedro Sanchez, the Spanish Prime Minister, said he would reject the draft Brexit withdrawal deal without a clarification of the text on future talks on the status of Gibraltar. Despite the resistance, May has continued to defend her deal in meetings with politicians, business leaders and party members. The EU is due to hold a summit to discuss the draft deal on November... [Full Article...]

Amazon says some customer email addresses exposed

Amazon says some customer email addresses exposed Amazon customers in the U.S. and Europe have reported receiving messages from the company, according to tech news website TechCrunch. But while Amazon remained silent on numerous incident details, the company did make it clear to us that its website and its internal systems were not breached. [Full Article...]

Apple cuts production orders for all new iPhones

Apple cuts production orders for all new iPhones As a result, Apple has reportedly lowered its production orders with suppliers. Apple has slashed the production of all of its 3 new iPhone models in recent weeks, according to a new Wall Street Journal report. Tuesday's note is the latest evidence that analysts are now anxious iPhone unit sales are going to start shrinking in the short-term, which is believed to be the reason why Apple chose ... [Full Article...]

Renault keeps Carlos Ghosn as CEO despite arrest in Japan

Renault keeps Carlos Ghosn as CEO despite arrest in Japan The Renault board reserved judgment on Ghosn and requested that Nissan hand over all the information in their possession related to the internal investigations. Both Le Maire and his Japanese counterpart, economy minister Hiroshige Seko, reaffirmed their support for the alliance. "Ghosn is likely the most successful foreign chairman in Japan", said Kosuke Sato, a senior economist at the Japa... [Full Article...]

You can now make Skype calls with an Amazon Echo

You can now make Skype calls with an Amazon Echo After you've connected your Skype account, Amazon's Echo devices will be able make and receive hands-free Skype calls (and on Fire Tablets, which can run in "Show Mode"). Before this, you could only stream music from Pandora's online radio service. Additionally, Slashgear noted that the partnership with Amazon also includes features like Skype calls via Alexa devices . [Full Article...]

Black Friday deals not such a bargain after all

Black Friday deals not such a bargain after all The study doesn't explain which products it checked, beyond stating "popular products in TVs, cameras and fitness trackers", so the 87% figure might not apply to cheaper or more niche products that consumers might pick up. Target , Best Buy and Walmart are among the retailers offering some of the hottest Black Friday deals for this year's shopping event, which takes place November 23. [Full Article...]

Oil gives up gains as market awaits decision on OPEC supply cut

Oil gives up gains as market awaits decision on OPEC supply cut Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new output curbs. With U.S. production at a record, Baker Hughes data Friday showed working oil rigs rose to the highest in more than three years. "We lack any certainty other than that the market is oversupplied in the USA a... [Full Article...]

Bitcoin extends slide to below US$4500; loses 30pc in a week

Bitcoin extends slide to below US$4500; loses 30pc in a week Bitcoin hit $10,000 at the end of November past year and was worth about $20,000 before Christmas, driven primarily by retail speculators. BTC was in a hard position to eye a short-term breakout to $6,000 given its low volume and the intensity of the crypto market crash on November 15 . [Full Article...]

Showdown averted, RBI agrees to ease liquidity at board meet

Showdown averted, RBI agrees to ease liquidity at board meet The RBI's central board now has 18 members, including Governor Urjit Patel and his four deputies as full-time official directors, while the rest have been nominated by the government, including the Economic Affairs and Financial Services Secretaries. [Full Article...]

Nissan's Ghosn arrested in Japan for under-reporting salary, to be fired

Nissan's Ghosn arrested in Japan for under-reporting salary, to be fired Nissan Motor Co.'s high-flying chairman Carlos Ghosn was arrested overnight and will be dismissed after he allegedly under-reported his income and engaged in other misconduct , the company said. Ghosn is credited with helping Nissan improve the profitability of its business operations. Ghosn also helped see Renault through the throes of the global financial crisis, getting help from the carm... [Full Article...]

Scott Morrison plays down US, China APEC Summit division

Scott Morrison plays down US, China APEC Summit division China, meanwhile, wanted a reaffirmation of opposition to protectionism and unilateralism that it says the USA is engaging in. Speaking moments later, Pence told delegates the U.S. "There are differences today", Mr Pence said. As he left the capital of Port Moresby , he listed United States differences with China, saying: "They begin with trade practices, with tariffs and quotas, forced techn... [Full Article...]

Nissan Chief Ghosn Arrested over Financial Misconduct

Nissan Chief Ghosn Arrested over Financial Misconduct The firm said that it has passed on the information gathered to the Japanese public prosecutor's office, and there are multiple media reports, including from Japanese public broadcaster NHK , that Ghosn has been arrested by authorities in the country. [Full Article...]


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