Wednesday December 12-th, 2018

BMW extends contract term, increases investment in China's JV BMW extends contract term, increases investment in China's JV

The luxury carmaker will lift its stake in its venture with Brilliance China Automotive to 75 percent from 50 percent, it said . In August, China's new vehicle sales continued to fall, following a drop in July. Last year, China made a decision t...

The longest direct flight in the world The longest direct flight in the world

A one-way ticket from Singapore to NY on this flight costs about US$2,150 (70,000 baht) in premium economy and $3,500 for a roundtrip itinerary, according to the Singapore Airlines website. Its aircraft is configured to carry 161 passengers: 67...

Mega Millions jackpot soars to more than half a billion Mega Millions jackpot soars to more than half a billion

The jackpot is the third-largest in the game's history and the odds of winning are 302,000,000 to one. That ticket is worth $3 million. Mass Lottery spokesman Christian Teja said this weekend's drawings will total over $865 million, with tomorrow...

Oil prices dip as Wall Street slides Oil prices dip as Wall Street slides

As Wednesday saw crude prices drop dramatically due to sudden concerns about oversupply and waning demand, it was unsurprising that some experts would warn of "extreme volatility" for prices due to the USA sanctions against Iran . Operating condit...

World’s Longest Flight Makes A Comeback, Without Cattle Class World’s Longest Flight Makes A Comeback, Without Cattle Class

I have many questions, the least of which is - why anyone would want to go to Newark badly enough to sit on a plane for 19 hours...? While the premium-economy seats offer an eight-inch recline, the pitch - the distance between yours and the one i...

Atlas Robot can now do parkour Atlas Robot can now do parkour

No commercial or private outcome has ever been disclosed, so at this point it seems the engineers are still simply working on making the most mobile humanoid robot they can. Boston Dynamics has previously demonstrated Atlas' ability to pick up obje...

Musk denies James Murdoch taking over as Tesla's Chairman Musk denies James Murdoch taking over as Tesla's Chairman

Murdoch, who is now a non-executive director of Tesla , was the lead candidate for the job". Reacting to a Financial Times report that claimed James Murdoch was going to join Tesla as Chairman, Musk tweeted on Thursday that this was not tr...

Facebook says phone numbers and personal user info accessed in security breach Facebook says phone numbers and personal user info accessed in security breach

Facebook scaled its estimate of affected users down to 30 million in an update on Friday, but revealed that attackers had been able to access a wide array of personal details from millions of accounts. Post that, Facebook followed the proper proced...

Trump blames Fed for stock rout, says central bank ‘ridiculous’ Trump blames Fed for stock rout, says central bank ‘ridiculous’

Bourses in Paris and Frankfurt both lost more than two percent, while London fell 1.3 percent. Earlier in the day, Trump told the Fox & Friends television broadcast that the central bank was "making a big mistake" by being "too aggressive" in rai...

Ikea unveils FY19 expansion plans Ikea unveils FY19 expansion plans

The Swedish home furnishing major, IKEA , held a ground-breaking ceremony of its third India store in Bangalore on Thursday. He also added, " Bengaluru is a very special city for us as we have active participation from our total value chain - IKE...

Facebook says United Kingdom tax bill triples to just under 16 million pounds Facebook says United Kingdom tax bill triples to just under 16 million pounds

For this year's tax figures, the company reported that profits had only grown by £4m year-on-year, up to £62.7m from £58.4m in 2017. The bill compared with 5.1 million pounds in 2016, Facebook's British division revealed in an official document lod...

Trump Warns China Nuclear Tech Exports Will Shrink Trump Warns China Nuclear Tech Exports Will Shrink

September marked the second straight record Chinese monthly trade surplus with the United States after August's $31 billion. "Exports continued to defy US tariffs last month but imports struggled in the face of cooling domestic demand", said Juli...

British PM May briefed inner cabinet 'Brexit deal close' British PM May briefed inner cabinet 'Brexit deal close'

The Irish border "backstop", which seeks a way to avoid customs checks on the frontier between the British province of Northern Ireland and Ireland if there is no overall exit deal, has become the biggest sticking point in negotiations. Sammy Wilso...

China-US surplus hits record, adding fuel to trade war China-US surplus hits record, adding fuel to trade war

Trade turnover between Russian Federation and China has been rapidly growing, rising 30 percent to reach $77 billion from January to September, statistics from China's General Administration of Customs show. China's exports to the United States rose ...

Luke Johnson's Patisserie Valerie faces winding up order Luke Johnson's Patisserie Valerie faces winding up order

While the company's directors and professional advisers are said to be "assessing all options available to the business to keep it trading", it was revealed on Wednesday the business now owes £1.14 million to HMRC . Johnson, Patisserie Holdings' exe...

Theresa May verging closer to Brexit deal but is facing cabinet resignations Theresa May verging closer to Brexit deal but is facing cabinet resignations

Staying in a customs union would stop Britain from negotiating new trade deals. Theresa May's ministers are threatening to walk out of her government over her reported plans to keep Britain potentially tied to a customs union with the EU perman...

Microsoft enters top five PC sellers list for the first time Microsoft enters top five PC sellers list for the first time

Lenovo was No. 1 in global PC shipments in the third quarter. Overall PC shipments are also ticking along, according to Gartner's estimates, though growth is flat, which in the PC market isn't a bad thing. Notably, Dell and Apple were down, an...

IMF raises growth forecast for Russia’s GDP in 2019 IMF raises growth forecast for Russia’s GDP in 2019

Washington simultaneously threatened to add tariffs to a further $267 billion (£205 billion) of products, which saw Beijing retaliate with 10 percent tariffs on $60 billion (£46 billion) of U.S. The PBOC did not immediately respond to Reuters' req...

Northern Irish party threatens to topple Theresa May's United Kingdom government Northern Irish party threatens to topple Theresa May's United Kingdom government

London hopes to resolve the issue with a future trade deal, but agrees there should be a "backstop" arrangement to avoid physical frontier checks until that deal is done. Downing Street has insisted defeat on the Budget would not amount to a vote of ...

Will Will "Take Care" Of Countries That Don't Stop Importing Iran Oil

Goldman Sachs says US shale oil production can continue to increase by 1 million bpd every year until 2021, according to a new report by the investment bank. Oil prices edged lower on Wednesday after the International Monetary Fund lowered its global...

Lagarde defends rate hikes after Trump's Fed attack Lagarde defends rate hikes after Trump's Fed attack

The Tel Aviv Stock Exchange was down more than two percent, Shanghai plummeted almost 5% while Tokyo and Hong Kong both shed around 4%, as investors fretted about surging interest rates and the ongoing US-China trade war. central bank was "too aggr...

Khashoggi case: A 'chilling message to dissidents worldwide' Khashoggi case: A 'chilling message to dissidents worldwide'

The Washington Post quoted a Turkish official as saying authorities suspect a 15-member team killed the journalist at the consulate. Members of Congress have grown increasingly insistent that the administration find out what happened to Khashog...

Dow Falls 430 Points as Bond Yields Surge and China Tensions Grow Dow Falls 430 Points as Bond Yields Surge and China Tensions Grow

Although the losses were widespread, stocks that have been the biggest winners on the market, including technology companies and retailers, suffered steep declines. 19-after a strong rally crashed into the Persian Gulf turmoil and trade deficits. L...

Global stocks tumble after Trump 'crazy' Fed comment Global stocks tumble after Trump 'crazy' Fed comment

Of the stock market, he said , "Actually, it's a correction that we've been waiting for, for a long time". He has frequently criticised the USA central bank for gradually raising interest rates, and on Wednesday reiterated his position: "I really ...

Wall Street dives, setting the ASX up for heavy losses at open Wall Street dives, setting the ASX up for heavy losses at open

Wednesday marked the largest single-day decline in the Dow Jones since February 8, when it fell 1,032 points to close at 23,860. Sanders highlighted strong economic indicators, including low unemployment and rising wages, saying President Donald Tr...

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