Tuesday August 20-th, 2019

VW is ramping up its electric vehicle target by 50 per cent VW is ramping up its electric vehicle target by 50 per cent

VW's pursuit of a dedicated format rather than a more flexible one emulates e-car pioneer Tesla. Volkswagen's chief executive officer, Herbert Diess, explained during the recently held Capital Market's Day that building fully-cars as opposed to ele...

China's property investment rises 11.6% y-o-y in Jan-Feb China's property investment rises 11.6% y-o-y in Jan-Feb

On the whole, it logged the 46th straight month of price increases. But it still remains well below the near 20% growth seen for many years. Infrastructure spending ticked up 4.3% in January and February, from 3.8% the same time past year.

Butterball Recalling Ground Turkey Amid Multistate Salmonella Outbreak Butterball Recalling Ground Turkey Amid Multistate Salmonella Outbreak

All of the potentially contaminated ground turkey was produced on July 7, 2018, and have the establishment number "EST. P-7345" inside the USDA mark of inspection are subject to recall. Still, the agency claimed that products not under recall were sa...

HEXO Corp Acquisition to Boost Brand Value, Reach HEXO Corp Acquisition to Boost Brand Value, Reach

Shareholders of the Ontario-based cannabis company - backed by members of the Tragically Hip band - are being offered 0.06332 of a Hexo common share in exchange for each common share held. As of September 30, 2018, Newstrike had $107.6M in cash...

Ashley offers Debenhams £150m loan - with strings attached Ashley offers Debenhams £150m loan - with strings attached

Mike Ashley's Sports Direct has offered to bail out Debenhams with an interest-free £150m loan in exchange for an additional 5% stake in the company, on top of a prior demand to make Ashley chief executive. In a letter written just days before Mr...

UAE inclusion in European Union tax blacklist down to poor communication - Al Ghurair UAE inclusion in European Union tax blacklist down to poor communication - Al Ghurair

The current blacklist includes five countries that have taken no commitments since the first list was adopted ( American Samoa, Guam, Samoa, Trinidad and Tobago , and US Virgin Islands ) and three that were on the first list and made commitments b...

Pi Day 2019 deals in Hampton Roads Pi Day 2019 deals in Hampton Roads

Cicis is celebrating Pi Day by offering a discounted adult buffet for $3.14 with the purchase of an adult buffet and a large drink. The deal is only available in the restaurants and can't be ordered in advance. Bertuccis - At this eastern USA piz...

Uber planning to launch IPO in April Uber planning to launch IPO in April

Uber declined to comment. We've reported that Uber could be valued as high as $120 billion based on the investments its received thus far. Softbank is already the largest investor in Uber, following a $US1.25 billion investment in January 20...

Interserve to go in administration after rescue deal blocked Interserve to go in administration after rescue deal blocked

The troubled outsourcer, which employs 45,000 people in the United Kingdom to clean schools and hospitals, run probation services and build roads and bridges, had been battling to avoid a collapse like Carillion after it hit trouble about three ye...

SEC charges Volkswagen, former CEO, with defrauding investors during emissions scandal SEC charges Volkswagen, former CEO, with defrauding investors during emissions scandal

At issue: upwards of $13 billion in bonds and asset-backed securities issued here between April 2014 to May 2015-a period when, the SEC's lawsuit alleges, Volkswagen's upper echelons were well aware that its 500,000 diesel vehicles in the U.S.

Hammond could have ended austerity earlier without Brexit Hammond could have ended austerity earlier without Brexit

Hammond revealed in his Spring Statement that the forecast for the country's growth in 2019 was 1.2 percent, the weakest since 2009, a sharp drop from the 1.6 percent predicted in the his budget last October. "That is not what the British people vote...

Calgary secures rights to host Winter X Games from 2020 to 2022 Calgary secures rights to host Winter X Games from 2020 to 2022

This will mark the first time a country outside of the United States has hosted the original Winter X Games , though spinoff European X Games events have been held in the past in France and Norway. "We're very excited about the opportunity to bring ...

Nissan may ask ex-Toray boss Sakakibara to chair board meetings Nissan may ask ex-Toray boss Sakakibara to chair board meetings

That culminated in the formation this week of a new governance board for the three-way alliance . Senard said he is not seeking to become Nissan's chairman and fill the vacuum left by Ghosn, who was ousted following his arrest in November.

United Kingdom reviews urges new rules to deal with power of tech giants United Kingdom reviews urges new rules to deal with power of tech giants

Last year, the former was hit with a record $5bn antitrust fine from European Union regulators who ordered it to stop using its popular Android mobile operating system to block rivals. Recommendations include setting up a new "digital markets unit"...

Oil firms as Saudis trim exports, US output forecast reduced Oil firms as Saudis trim exports, US output forecast reduced

Concern about global economic growth also continued to weigh on prices as it would dampen demand in some of the biggest importers of the commodity. On Thursday, these issues could be raised again when China releases its report on Industrial Productio...

Aurora Cannabis Stock Price Soars 16%, Billionaire Nelson Peltz Joins Marijuana Company Aurora Cannabis Stock Price Soars 16%, Billionaire Nelson Peltz Joins Marijuana Company

In exchange, the Edmonton, Alberta-based company will grant Peltz options to purchase nearly 20 million shares in the company at 10.34 Canadian dollars ($7.73) apiece - making him the second-largest shareholder, if exercised. "I also believe that C...

Disney-Fox mega-deal set to close March 20 Disney-Fox mega-deal set to close March 20

It also vastly reduces the empire of media mogul Rupert Murdoch and his family, who are planning a "new Fox" that includes the US broadcast network and the Fox News Channel. In recent weeks, Disney has been stitching up the final regulatory approvals...

How To Watch The Tesla Model Y Launch How To Watch The Tesla Model Y Launch

Big excitement is brewing at Tesla's Design Studio in Hawthorne, California, tonight, March 14, 2019, as CEO Elon Musk will reveal the much-anticipated Model Y crossover SUV via a livestream scheduled to start at 8 p.m Pacific/11 p.m. It has a sle...

Brextension: UK lawmakers vote to seek delay of European Union departure Brextension: UK lawmakers vote to seek delay of European Union departure

Since then, the value of the British pound has plummeted, and companies have begun making contingency plans for a post-Brexit world in which European workers can not easily move to Britain , tariffs might be resurrected and trade becomes harder.

Murdoch's News Corporation calls for Google breakup Murdoch's News Corporation calls for Google breakup

The Australian arm of News Corp , the media giant controlled by Rupert Murdoch, has called for an enforced break-up of Google , saying the internet behemoth wields too much power that is detrimental to the interests of news publishers . "Market in...

OPEC cuts oil production in February despite pressure from Trump OPEC cuts oil production in February despite pressure from Trump

Brent crude futures settled at $67.55 a barrel, up 88 cents, or 1.32 percent. Brent was up 98 cents , or 1.47 percent, to $67.63 per barrel, while West Texas Intermediate climbed $1.50, or 2.64 percent, to $58.37 per barrel. The EIA also revise...

Johnson & Johnson chalks up another talc loss with $29M mesothelioma verdict Johnson & Johnson chalks up another talc loss with $29M mesothelioma verdict

Two previous cases have led to victories against the conglomerate, including a July 2018 multi-plaintiff ovarian cancer case that awarded $4.69 billion in damages to the victims. "The internal J&J documents that the jury saw, once more laid bare ...

Toyota ups United States investment to $13 billion Toyota ups United States investment to $13 billion

Toyota Motor Manufacturing Kentucky was already Toyota's largest vehicle plant in the world, capable of making 550,000 vehicles and 600,000 engines annually , according to the company. There was also $170 million targeted to launch the 2020 Corolla ...

Gold rises above 1300 United States dollars Gold rises above 1300 United States dollars

Silver advanced 0.6 per cent to $US15.41 per ounce, after touching its highest since March 1 earlier in the session. U.S. retail sales rose 0.2 in January, surprising economists who had expected an unchanged result. Investors would now be keeping a...

Facebook's chief product officer and head of Whatsapp are leaving Facebook's chief product officer and head of Whatsapp are leaving

It isn't clear what future plans the executives have. Zuckerberg wrote that Cox considered leaving years ago to pursue new projects, but he made a decision to stay in 2016, around the time Facebook began taking heat for acting as a conduit for misi...

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