Business
European Union parliament won't accept Brexit deal without backstop
Days before the parliament resumes voting on Brexit , business leaders, trade union bosses, and ministers all warned against a "no deal" outcome. Airbus senior vice president Katherine Bennett later said the Government had asked the company to "make clear the potential impact of a no deal". [Full Article...]
Flights At Multiple Airports Delayed Due To Air Traffic Controller Shortage
Scripps is reporting that delays are now taking place in Newark and Philadelphia as well. Philadelphia International Airport had reported departure delays of 1 hour and 14 minutes, but those have dropped back to normal operations by 11 a.m. [Full Article...]
Guaidó's father urges military to act in Venezuela's best interests
FILE PHOTO: Venezuela's President Nicolas Maduro attends a ceremony to mark the opening of the judicial year at the Supreme Court of Justice (TSJ), in Caracas, Venezuela, January 24, 2019. The Russian leader emphasised that "destructive foreign interference tramples on basic norms of the worldwide law". USA military intervention is widely seen in Washington as an unpalatable and unlikely o... [Full Article...]
Family Kicked Off Airplane, Forced To Miss Flight Over Bad ‘Odor’
He also cast doubt on the airline's statement, saying that no crew members ever told the family which one of them smelled or if the bad "odor" emitted from all the family members. "Because we just got kicked off a plane for smelling", Jennie Adler told WPLG Local 10 in Miami . Adler used his cell phone to film video of himself talking with staff after they were taken off the flight. [Full Article...]
Dyson legal chief to move to new head office in Singapore
Brilliantly, when The Guardian asked if Dyson could still be described as "a great British success story" as David Cameron called it in 2014, Rowan replied that it should now be known as "a global technology company". But with only weeks before Brexit, other manufacturers are warning of huge damage if no divorce deal is struck. Rowan did not foresee see any issues relating to the movement of g... [Full Article...]
Here’s what no trade deal could mean for the US and China
On Thursday, President Donald Trump said that China wants to have a trade deal with the United States as the Communist nation is not doing well due to the tariffs hit by America. Last year, the Chinese economy posted its slowest annual growth in almost three decades, according to official figures published Monday in Beijing. [Full Article...]
Amazon Is Testing Its Cutie-Pie Delivery Robot, Scout
Scout deliveries will encompass orders made via the Amazon mobile app or website and across all delivery options for non-Prime and Prime members. Amazon's forays into autonomous aerial delivery with drones are well-known, but now the omnichannel giant is taking the concept to the ground. [Full Article...]
Tesla To Start Model 3 Deliveries To Europe In February
Wall Street analysts have said the company has not yet proven it can lose out on those premium sales and still function in a competitive market. Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model 3 at $35k and still be a viable company. [Full Article...]
Boeing's autonomous flying taxi completes its first flight
During the flight test , the PAV prototype performance a controlled takeoff, hover, and landing. " This is what revolution looks like, and it's because of autonomy ", John Langford, president and chief executive officer of Boeing subsidiary Aurora Flight Sciences , said in a news release announcing the test flight. [Full Article...]
Huawei Chairman Says Will Seek Swift Resolution of Detained Executive
As one of our loyal readers, we ask you to be our partner. Former diplomat Michael Kovrig and entrepreneur Michael Spavor were both detained in China on December 10, 2018, on allegations of " endangering national security ", days after China threatened serious consequences for Canada following the arrest of Meng. [Full Article...]
Drone Activity Halts Air Traffic At Newark Liberty International Airport
The drones are no longer in the airspace and flights have resumed at Newark Airport. However, planes heading to Newark Airport have been halted until they can clear the backlog of flights. Police and airport staff at Gatwick will later this year take part in drills in the hope of being better prepared should there be another drone sighting . [Full Article...]
Vacuum giant Dyson to move headquarters to Singapore
Dyson CEO Jim Rowan speaks during a product launch event in Beijing September 12, 2018. "We expect to be able to go in and disrupt yet another industry using bespoke Dyson technology and innovation". Much of its product development will remain in south-west England. Dyson's chief executive Jim Rowan said today he would describe the business as a global technology company. [Full Article...]
Digger driver wrecks Liverpool hotel lobby
It is understood the contractor had been working for the Cheshire based MF Construction firm at the Travelodge. MF Construction did not immediately respond to a request for comment on the incident and related allegations Tuesday. "Then some idiot in a mini digger chose to drive through the middle of the building", he told the Press Association. "The site manager was running around like a... [Full Article...]
China’s fourth quarter GDP growth dented by services, agriculture despite construction rebound
On this occasion, prior to the release of the latest data, the government revised down the growth figure for 2017 from 6.9 to 6.8 percent. A top Chinese research institution projected the population could start shrinking as soon as 2027 - three years earlier than expected - if the birth rate held steady at 1.6 children per woman. [Full Article...]
International Monetary Fund warns on eurozone slowdown
Underscoring the wobbly state of the global economy: China, the world's second-biggest economy, on Monday reported 2018 growth of 6.6 percent, the weakest since 1990. and $69/bbl. respectively in the October forecast. " Global growth is expanding at a healthy rate, but we are seeing a slowing momentum ", the IMF's head of research Gita Gopinath said, adding there were " many important downside... [Full Article...]
Oil climbs as OPEC output drop eases concerns about glut
Other oil-market news: OPEC compliance with crude-oil output cuts rose to 163 percent in December, according to Bloomberg calculations from the group's secondary-source data . The supply reduction in December means that if OPEC fully implements the new January 1 cut, it will avoid a surplus that could weaken prices. The EIA has estimated that US crude oil production averaged 10.9 million bpd ... [Full Article...]
Google hit with £44m GDPR fine over ads
Despite Google's changes, the CNIL said in a statement that "the infringements observed deprive the users of essential guarantees regarding processing operations that can reveal important parts of their private life since they are based on a huge amount of data, a wide variety of services and nearly unlimited possible combinations". [Full Article...]
Federal employees working without pay during shutdown won’t get NC unemployment benefits
Many of these claims are federal works, the state said. The partial shutdown has affected nine federal agencies, as well as several smaller offices, leading to hundreds of thousands of federal employees being furloughed or required to work without pay. [Full Article...]
Asian stocks rise on hopes for US-China trade progress
By increasing goods imports from the U.S.by a combined value of more than US$1 trillion over that period, China would seek to reduce its trade surplus - which a year ago stood at US$323 billion - to zero by 2024, one of the people said. Particularly with regard to our trade with China, which accounts for the biggest portion of our trade deficit, Trump doesn't buy the orthodox rationale. [Full Article...]
Farewell, John Bogle: A Tribute to the Father of Indexing
Wiener, the editor of the Independent Adviser for Vanguard Investors, a newsletter and website that for decades has tracked the company. When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. He chose the name in honor of the HMS Vanguard, Lord Nelson's ship in the British victory over the French in 1798. He created Vanguard in 1974 after a dispute wi... [Full Article...]