Business

Kimberly-Clark recalls Kotex tampons that can unravel inside body

Kimberly-Clark recalls Kotex tampons that can unravel inside body Kimberly-Clark says it has received reports from consumers saying that the tampons unraveled and/or came apart during removal. A "small number" of consumers also said they experienced "infections, vaginal irritation, localized vaginal injury, and other symptoms" due to the defective products. [Full Article...]

CEO Sundar Pichai says Google has 'checks and balances' against bias

CEO Sundar Pichai says Google has 'checks and balances' against bias That's because Google makes nearly 90 percent of its revenue on advertising, and the company is able to charge marketers so much because of the personal information the company collects on users. Nadler called the notion of bias a "delusion" and a "right-wing conspiracy theory". "If you want positive search results, do positive things". Shortly before Pichai's explanation, which was prompt... [Full Article...]

Canada 'deeply concerned' after China detains former diplomat

Canada 'deeply concerned' after China detains former diplomat The Canadian authorities have agreed to release our CFO, Ms. Meng Wanzhou , on bail following her detainment on behalf of... She faces up to 30 years in prison if found guilty. "If they want to send you a message, they will send you a message", he said. "Given her unique profile as the face of a Chinese corporate national champion, if she were to flee or breach her order in any way in these ver... [Full Article...]

Malaysia Agrees to Extend Oil Output Cut

Malaysia Agrees to Extend Oil Output Cut They discussed the "state of the oil market" and energy cooperation between the two countries during a meeting in eastern Dhahran city, the minister, Khalid Al-Falih, said on Twitter. Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year. [Full Article...]

Theresa May faces leadership challenge as Brexit deal anger boils over

Theresa May faces leadership challenge as Brexit deal anger boils over But her authority was seriously undermined by the botched early general election she called a year ago which, instead of consolidating the Conservatives' hold on power, ended up with Mrs May losing her overall parliamentary majority. In her statement delivered early on Wednesday morning (UK time) Mrs May said: "A leadership election would not change the fundamentals of the negotiation or the Parli... [Full Article...]

Nissan is Recalling cars in Japan

Nissan is Recalling cars in Japan Ghosn and his close aide Greg Kelly, who was arrested along with the former chairman last month, are also expected to be indicted. In terms of specific charges, Reuters cites Nikkei's claim that all three entities will be indicted for underreporting salaries in five separate reports, and it's possible that both Ghosn and Kelly will be rearrested in connection with misstatements in the years ... [Full Article...]

Tumblr bans NFSW content and users say the platform will suffer

Tumblr bans NFSW content and users say the platform will suffer However, attempts to provide a "safe mode" for younger users have sometimes caused problems. This announcement comes two weeks after the micro-blogging site was kicked off of Apple's App Store because some users had posted and downloaded photographs of child sex abuse . [Full Article...]

Opec agrees 1.2m bpd oil output cut

Opec agrees 1.2m bpd oil output cut However, OPEC and its non-cartel members - who combined account for around half of global output - agree on one thing: a glut on the market has led to oil prices falling by more than 30 percent in the space of two months. "I think the Saudis tried to walk a tightrope: they want to make sure they maintain their relationship with the USA, but they also need to make some cuts because they need a ... [Full Article...]

Uber Confidentially Files for IPO

Uber Confidentially Files for IPO Uber faces a deadline to go public by September 30, and a filing this week suggests the debut will come earlier than that. A year ago the company's cofounder and former CEO Travis Kalanick resigned from his position following a tumultuous six months of scandal. [Full Article...]

China to 'immediately' apply measures agreed in trade truce with US

China to 'immediately' apply measures agreed in trade truce with US The two sides have been communicating and cooperating smoothly, and China was confident in striking a deal with the USA within the next 90 days, Gao said. It would also begin buying products from United States farmers "immediately", the USA said. Beijing, in exchange, has agreed to buy an unspecified but very substantial amount of agricultural, energy, industrial and other products from the United... [Full Article...]

Altria buys $1.8 billion stake in a cannabis firm | CMO Strategy

Altria buys $1.8 billion stake in a cannabis firm | CMO Strategy Altria's stock has fallen almost 25% this year and the company is expected to report revenue growth of only about 1% this year and in 2019. However, as part of this subscription agreement Altria will also receive warrants that, if exercised, would increase its ownership interest in Cronos to a whopping 55%. [Full Article...]

US job growth cools in November, monthly wage gains modest

US job growth cools in November, monthly wage gains modest November's job gains are down from October's robust 237,000, but the unemployment rate remained 3.7 percent for the third straight month, almost a five-decade low. The economy is producing so many jobs that the unemployment rate remains at historically low levels , despite the jobless claims number. US employers added 155,000 jobs in November, missing Wall Street's expectations for an increa... [Full Article...]

Paris on high alert as city shuts down for 'yellow vest' protests

Paris on high alert as city shuts down for 'yellow vest' protests A ring of steel surrounded the president's Elysee Palace - a key destination for the protesters - as police stationed trucks and reinforced metal barriers throughout the neighbourhood. An AP video journalist was wounded in the leg as police fired tear gas and rubber bullets on the Champs-Elysees. Subway stations in the centre of town were shut down. [Full Article...]

Canadian oil made a almost 50% move today

Canadian oil made a almost 50% move today U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.31 per barrel, down 95 cents, or 1.8 percent. The result has been oil prices for Western Canadian Select so low the province's energy resources are "being sold for pennies on the dollar", according to the premier . [Full Article...]

Dollar weak as U.S. Treasury yield curve inversion sparks recession fears

Dollar weak as U.S. Treasury yield curve inversion sparks recession fears In other words, bond holders were okay with being paid less to tie up their money longer with the USA government. The yield curve is a plot of the yields of bonds with equal credit quality but different maturity dates. While some regional bank presidents have been explicit in arguing the Fed should hold off raising rates to avoid an inversion, the consensus has been consistent: stay the course... [Full Article...]

China confident of agreeing USA trade deal despite Trump's combative stance

China confident of agreeing USA trade deal despite Trump's combative stance If the move is indeed true, it would be a positive one as the automotive industry has suffered the consequences of the growing U.S. US President Donald Trump has threatened to impose stiff tariffs on cars assembled in the European Union as part of his "America First" trade policy. [Full Article...]

China promises prompt action on USA trade pact

China promises prompt action on USA trade pact China has promised to act quickly but failed to release details. "Officials now face the hard task of fleshing out a deal that is acceptable to the Chinese but also involves significant enough concessions not to be torpedoed by the China hawks in the Trump administration", Capital Economics said in a note this week, adding that higher tariffs could simply be delayed. [Full Article...]

Huawei CFO Meng Wanzhou's Arrest In Vancouver Sends Global Markets Roiling

Huawei CFO Meng Wanzhou's Arrest In Vancouver Sends Global Markets Roiling The arrest of Huawei's chief financial officer in Vancouver could severely complicate Canada's relationship with China, according to a former ambassador. The news pummeled stock markets already nervous about increased tension between the United States and China and prompted experts to predict that Beijing would retaliate against Canada. [Full Article...]

Oil prices fall on swelling glut, economic growth concerns

Oil prices fall on swelling glut, economic growth concerns Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco, Khalid A Al-Falih recently spoke about reduced crude oil prices and mentioned that Prime Minister Narendra Modi was among the vociferous leaders of various countries who pitched for lowering down the oil prices. [Full Article...]

World markets down after arrest of Huawei executive

World markets down after arrest of Huawei executive While few details of the arrest have yet been released , the Canadian Justice Department has confirmed that Meng was sought for extradition by the US. "That could include tit for tat moves against Canadians", he said. Reacting to Meng's arrest, Huawei said in a statement it was unaware of any wrongdoing by its executive, adding it complies with all applicable laws. [Full Article...]


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