Friday April 19-th, 2019

Saudi Arabia and the UAE launched their own cryptocurrency Saudi Arabia and the UAE launched their own cryptocurrency

The statement attributed the agreement to launch this project jointly rather than independently in each country to the fact that the two countries have in place central systems for remittances and domestic transactions which have evolved overtime and...

Thursday Tech Briefing: Growth Slows at Alibaba Thursday Tech Briefing: Growth Slows at Alibaba

The growth deceleration of China's economy doesn't matter that much, according to Joe Tsai, Alibaba's co-founder and executive vice chairman. The company generated 117.3 billion Chinese yuan ($17.1 billion) in revenue, while analysts were expecting...

VW ID Buggy REVEALED - Volkswagen’s iconic buggy reborn as electric auto VW ID Buggy REVEALED - Volkswagen’s iconic buggy reborn as electric auto

Now unnamed but more-than-likely called the I.D. Buggy, or something, it's an all-electric concept that'll utilise the firms modular electric (MEB) construction. VW said is has developed the concept to demonstrate the flexibility of its MEB electric...

ScoMo's election pledge to create 1.25m jobs

Mr Morrison will deliver the speech in the key election battleground of Queensland. His address will also give Mr Morrison the chance to lay out his manifesto for the election, introducing his plans for a "strong economy and secure future".

Brexit deal: Jean-Claude Juncker reconfirms the Withdrawal Agreement can not be renegotiated Brexit deal: Jean-Claude Juncker reconfirms the Withdrawal Agreement can not be renegotiated

For too long it has been too easy to say what we don't like and to expect the other side to accede to everything we want. May conceded that her government hadn't settled on a way to replace the backstop, telling MPs that "there are a number of prop...

Brexit deal change 'wishful thinking', says Ireland Brexit deal change 'wishful thinking', says Ireland

The EU has already rejected all three ideas. The Irish government said the agreement was "not open for re-negotiation". The prime minister implored MPs to give her a big mandate to demand a better Brexit deal and not send her to Brussels with o...

Markets Right Now: Fed's low-rate stance sends stocks higher Markets Right Now: Fed's low-rate stance sends stocks higher

Fed statement drops language used in prior statement that had said risks to the economic outlook were roughly balanced. After an additional one-quarter-percentage-point increase in December, to 2.25%-2.50%, Powell agreed Wednesday the Fed was clo...

U.S. Welcomes China Trade Delegation for 90-Day Negotiations Wednesday

The American delegation to this week's talks is led by Trade Representative Robert Lighthizer, a longtime critic of aggressive Chinese trade practices and of US policies that failed to blunt them. The Justice Department's decision to charge Huawei, m...

Fed to be Fed to be "patient" with rate changes

The central bank also said it would be ready to alter the balance sheet's size and composition if the economy warrants a looser monetary policy than the federal funds could achieve on its own. It's a word he adopted this month after the Fed's string ...

Can the U.S. force Nicolas Maduro to step down? Can the U.S. force Nicolas Maduro to step down?

China and Russian Federation, which have billions of dollars in loans to Venezuela, back President Nicolas Maduro . In a bid to remove President Nicolas Maduro from office, the U.S. Guaido has yet to formally respond to the attorney general's in...

Tesla predicts profit in every 2019 quarter despite vanishing tax credits Tesla predicts profit in every 2019 quarter despite vanishing tax credits

Since Model Y will use the lessons learned with Model 3 production at the start, Tesla predicts a smoother path to market for the vehicle. Tesla said on Wednesday that Model 3 production volume at its Fremont, California factory would ramp up, ...

Microsoft reports Q2 FY19 earnings, beats analyst estimates with $32.5 billion revenue Microsoft reports Q2 FY19 earnings, beats analyst estimates with $32.5 billion revenue

In the company's Productivity and Business Processes division, which includes Office 365 and LinkedIn, revenue increased 13 percent over previous year to $10.1 billion. In particular, its Azure cloud practically exploded in the quarter with revenu...

Huawei exec Meng in Canada court over bail Huawei exec Meng in Canada court over bail

Martin said the United States only recently filed a record of the case, and that materials wouldn't be released until Canada decides whether to issue an authority to proceed. In her December bail hearing, Meng argued she should be released on b...

AMD Rises Despite Q4 Sales Miss, Weak Guidance (NASDAQ:AMD) AMD Rises Despite Q4 Sales Miss, Weak Guidance (NASDAQ:AMD)

The company issued first-quarter sales guidance of $1.25 billion, short of consensus estimates of $1.45 billion. Likewise, there was a loss per share of $0.02. "My expectation is that in Q2, we'll have a sort of improved channel inventory levels and ...

Ghosn says he is in jail due to 'treason’ at Nissan Ghosn says he is in jail due to 'treason’ at Nissan

Ghosn said that "there was a plan" to integrate the three alliance partners more closely, creating "autonomy under one holding company", which he discussed with Nissan president Hiroto Saikawa last September. Ghosn said he was innocent and others i...

Report says Foxconn could scrap manufacurting plans here Report says Foxconn could scrap manufacurting plans here

He said that would represent a supply chain that fits with Foxconn's current 'fluid, good business model'. "We can't compete." Woo also said a factory would not be built in Wisconsin: "You can't use a factory to view our Wisconsin investment".

Woman Booted Off Flight for Tirade About Sitting Between 'Two Big Pigs' Woman Booted Off Flight for Tirade About Sitting Between 'Two Big Pigs'

Rodgers can be heard asking the flight attendant to find the blonde woman another seat after she upset them. "Like, friggin" just unbelievable. The woman then calls for a flight attendant to help, voicing the same complaints: she can't breathe, she...

Nvidia and Caterpillar Point to Weakness in China as Outlooks Dim Nvidia and Caterpillar Point to Weakness in China as Outlooks Dim

In Japan, chip-equipment manufacturer Tokyo Electron dropped as much as 2.9 per cent, while Advantest slid 6 per cent. Samsung Electronics fell 1.1 per cent in Seoul, while Taiwan Semiconductor Manufacturing declined 2 per cent. Earnings in 2019 will...

Mitsubishi to reveal electrified SUV concept at Geneva Mitsubishi to reveal electrified SUV concept at Geneva

Also look for the Engelberg Tourer concept to preview updates to Mitsubishi's design language for future SUV models. Like the Xpander and new Strada/Triton, the Engelberg Tourer has slim headlights and huge foglamps, though we suspect the lightin...

US sanctions Venezuelan state oil firm, escalating pressure on Maduro US sanctions Venezuelan state oil firm, escalating pressure on Maduro

Guaido declared himself interim president last week amid protests against incumbent Nicolas Maduro. "I am carrying out my duties as commander-in-chief according to the Constitution consolidating the national Bolivarian armed forces", he said.

SEC inquiry compounds Nissan woes SEC inquiry compounds Nissan woes

The heads of automakers Renault and Nissan will meet Thursday in Amsterdam for the first time since former boss Carlos Ghosn was arrested in Japan and resigned , a source close to the companies said. 2 automaker undergoes a sweeping review of corpor...

Tyson recalls panko chicken nuggets after people complain of rubber contamination Tyson recalls panko chicken nuggets after people complain of rubber contamination

The recalled products have a "use by" date of "MAR 11 2019" and lot codes 17009010 - 19009010. The Canadian Food Inspection Agency is conducting a full investigation into the recall and illnesses, meaning more product could be recalled in the future....

McDonald’s and Wendy’s ratchet up the bacon wars McDonald’s and Wendy’s ratchet up the bacon wars

For 50 years the recipe for McDonald's iconic Big Mac hamburger has been a constant, but now the Golden Arches is mixing it up for a limited time with a new ingredient: bacon. Meanwhile, Wendy's is offering a free Baconator through Door Dash ONLY, ...

No mail delivery Wednesday in Dakotas, Minnesota No mail delivery Wednesday in Dakotas, Minnesota

As of 9:30 p.m., USPS said all residents in Missouri and Kansas will have normal mail delivery on Wednesday. University of South Dakota and South Dakota State University cancelled classes for Wednesday. Retail offices will be open. In addition t...

Caterpillar stumbles; China's slowing growth begins to show

The major US equity indexes took a hit on Monday, driven lower by weaker-than-expected quarterly earnings, guidance and revenue from two bellwether USA corporations that highlighted the negative impact the ongoing trade dispute between the United Sta...

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