Business

US, Chinese negotiators resume 'productive' trade talks

US, Chinese negotiators resume 'productive' trade talks By Jenny Leonard and Jeffrey Black Chinese and USA negotiators have been working line-by-line through the text of an agreement that can be put before President Donald Trump and counterpart Xi Jinping to defuse a almost year-long trade war, according to officials familiar with the matter. [Full Article...]

Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant

Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant The residents of Windsor have additional reason to be frustrated because this past February, FCA announced a $4.5 billion investment to build a new plant in MI and to update four other in that state. NDP Leader Andrea Horwath said the "tens of thousands of Ontario jobs in auto, auto parts and spinoff industries, are at risk if the province fails to take action". [Full Article...]

AstraZeneca in Cancer Deal With Daiichi Sankyo

AstraZeneca in Cancer Deal With Daiichi Sankyo It also has the potential to treat other HER2 mutated or HER2 overexpressing tumors, including lung and colorectal cancers. Under the terms of the agreement , AstraZeneca will pay $1.35bn to Daiichi for the cost of the drug, with a further $5.6bn to be paid if regulatory and sales milestones are met. [Full Article...]

Bayer shares sag after U.S. jury verdict in Roundup cancer trial

Bayer shares sag after U.S. jury verdict in Roundup cancer trial On Wednesday, they further decided that Monsanto should be held liable for Hardeman's disease. Bayer shares fell more than 12 percent after last week's jury finding. Following the verdict in Hardeman's case, Bayer said in a statement that the verdict has no impact on future cases and trials. In August, a different jury awarded another man $ 289 million in a Roundup-related lawsuit, but a judg... [Full Article...]

Lyft jumps in debut after ride-hailing IPO raises US$2.34B

Lyft jumps in debut after ride-hailing IPO raises US$2.34B Anna-Marie Wascher, CEO and founding partner at Flat World Partners, an institutional advisory and asset management firm and early Lyft investor, said market share growth came as "consumers were being more discerning in their choices", and recognizing the gulf in company culture and values between the two firms. [Full Article...]

Daimler, Geely form electric vehicle JV

Daimler, Geely form electric vehicle JV Geely and Daimler have also confirmed that Smart will expand its model line-up into the B-segment but further details of this have not been confirmed. The board of directors of the new company will be made up of six people, with each venture partner appointing three executives. The deal is meant to further develop Smart as "a leader in premium-electrified vehicles", according to a joint sta... [Full Article...]

US economic growth in Q4 revised down to 2.2 pct

US economic growth in Q4 revised down to 2.2 pct As the United States Commerce Department downgraded their forecast for the country's economic growth for the fourth quarter of past year, economists are now predicting a continuing trend that indicates a slowing economy . Trump's economy: The president has highlighted year-on-year growth which was revised down to 3.0 per cent in the latest figures. US financial markets were little moved as invest... [Full Article...]

Google Removes Gay "Conversion Therapy" App After Facing Flak

Google Removes Gay Sometimes, you just need go viral to incite change. The app has already been removed from Amazon , Apple and Microsoft's platforms, according to the Human Rights Campaign . "Google simply can not ignore the growing movement pushing them to do what's right and remove ex-gay therapy apps". HRC's President Chad Griffin also released a statement: "We applaud Google for making the right decis... [Full Article...]

Renault eyes Fiat Chrysler bid after Nissan merger

Renault eyes Fiat Chrysler bid after Nissan merger Ghosn, who this month was released on $9 million bail after spending more than 100 days in a Tokyo detention center, has called the charges against him "meritless". Nishioka also told the briefing that the capital structure between Nissan and Renault was a matter for the companies, and it was not appropriate for the committee to get involved. [Full Article...]

Kia takes the wraps off two new SUVs in Seoul

Kia takes the wraps off two new SUVs in Seoul The front features a new incarnation of Kia's iconic grille, the "tiger nose" yet extended outwards across the whole front section of the concept, with no clear boundaries between grille and LED headlamps. Two of the three concepts make their worldwide debut in Seoul, with the rugged Kia Masterpiece Concept which shows off a large SUV body with a luxurious, high-tech cabin. [Full Article...]

Debenhams shares soar as Mike Ashley mulls takeover

Debenhams shares soar as Mike Ashley mulls takeover The Possible Offer, if made, would represent a premium of approximately 127 per cent.to the closing price of Debenhams shares on 26 March 2019. Shortly before then, it had emerged that Debenhams , which has been one of the worst hit by the UK high street malaise, had turned down a £40mln loan offer from the Newcastle United owner. [Full Article...]

Changi the first to win World's Best Airport for 7 straight years

Changi the first to win World's Best Airport for 7 straight years Hamad International Airport (HIA) has been ranked as the fourth best airport in the world at the Skytrax World Airport Awards 2019, which took place during the Passenger Terminal Expo 2019 in London , United Kingdom. New Delhi's IGI Airport was eight points up this year after featuring at the 66th spot in 2018. "Their vote of confidence motivates us in our pursuit of service excellence and p... [Full Article...]

Ferries to Sunshine Coast halted after vessel hits dock at Langdale terminal

Ferries to Sunshine Coast halted after vessel hits dock at Langdale terminal Evening service was provided by the Queen of Cowichan. Gibsons resident Kurt Penner was in the auto lineup waiting to get on the 8:40 a.m. sailing to Horseshoe Bay when he heard a crash. "I looked up right away and saw that it was not where it was supposed to be". Meanwhile, B.C. Ferries will delay a planned refit for the Coastal Celebration in order to bring it into service from the mainland ... [Full Article...]

Apple escapes iPhone import ban in second Qualcomm case

Apple escapes iPhone import ban in second Qualcomm case The cases are among some 80 worldwide between the companies in a dispute that's lasted more than two years. Because iPhones are made overseas, banning imports would choke Apple's sales of the phones in the United States. The judge's rec? A ban on selling iPhone 7 and 7 Plus (and maybe more). It's not all in the chipmaker's favour however, as another judge later that day invalidated Qualcomm's cl... [Full Article...]

Sports Direct mulling 5p-a-share "offer" for Debenhams

Sports Direct mulling 5p-a-share Debenhams said its board would give any firm proposal from Sports Direct "due consideration". Sports Direct has in recent weeks already seen a series of proposals to inject new funds into the chain - all on condition of Mr Ashley being installed as chief executive - rejected by the Debenhams board. [Full Article...]

Erdogan says lira fluctuations due to 'US operations' - Economy

Erdogan says lira fluctuations due to 'US operations' - Economy The United States can still proceed with the trillion-dollar F-35 fighter jet program without Turkish components, USA sources said , rebuffing arguments by Ankara that excluding the North Atlantic Treaty Organisation ally would be too complicated. [Full Article...]

US trade deficit narrows sharply as exports rebound

US trade deficit narrows sharply as exports rebound The amount the United States shipped overseas climbed by 0.9% to $207.3 billion, while imports fell 2.6% to $258.5 billion. And the deficit in goods alone with China - the primary foe in Trump's trade wars - fell by US$5.5 billion in the month to US$33.2 billion, according to the report, nearly entirely due to declining imports from that country. [Full Article...]

Pentagon, Ericsson Discuss 5G Communications Plans - DoD Undersecretary

Pentagon, Ericsson Discuss 5G Communications Plans - DoD Undersecretary In its guidance for the rollout of next generation 5G telecom systems across Europe, the Commission said member states must assess cyber threats to the 5G infrastructure for themselves. Simultaneously, the U.S.is laying the groundwork to develop its own technology to support 5G enabled communications, said Lord, who is the Pentagon's chief weapon's buyer. [Full Article...]

United Kingdom cyber security officials report Huawei's security practices are a mess

United Kingdom cyber security officials report Huawei's security practices are a mess Further significant issues in Huawei's technology pose new risks to the UK's telecommunication networks, a report by security authorities has warned. One major problem is that Huawei can't prove that the code it submitted for review is exactly the same code running in its equipment. HCSEC judged Huawei's much-touted $2 billion plan to fix its security vulnerabilities over the next three to ... [Full Article...]

Chinese Owners of Grindr to Sell Due to 'National Security Risk'

Chinese Owners of Grindr to Sell Due to 'National Security Risk' Kunlun fully acquired the California-based Grindr app in January of past year for an estimated $152 million after buying an initial $93 million stake in 2016, reported TechCrunch . Grindr, which claims to be the world's largest social networking app for LGBT people with 27 million users, holds significant amounts of personal data, including sexual preferences, users' location, HIV status and pr... [Full Article...]


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