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The battle now is over not whether May loses, but how badly. Members of Parliament (MPs) voted by an overwhelming margin of 230 votes to reject her deal. Even a Brexit cancellation swims into view. Lawmakers in the parliament's lower House of Commons voted by 432 to 202 to reject the withdrawal agreement.
  • Government Shutdown Soon To Cost More Than Trump’s Border Wall

    Government Shutdown Soon To Cost More Than Trump’s Border Wall

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    Yamiche Alcindor reports on the shutdown's latest impacts. "This is so simple we shouldn't have to", the president told reporters as he departed the White House for New Orleans. During a December 1 meeting between President Trump and Chinese President Xi Jinping at the G20 summit in Argentina, Trump secured Xi's promise to increase China's purchasing of some US agricultural products that had been hit by tariffs.
  • PG&E talking with banks about multibillion dollar bankruptcy financing package

    PG&E talking with banks about multibillion dollar bankruptcy financing package

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    To prevent wildfires, Pacific Gas and Electric Co. should re-inspect its entire electric grid and cut off power during certain wind conditions regardless of the inconvenience to customers or loss of profit, a USA judge proposed. And regulators are now investigating the utility's potential culpability in November's Camp Fire , the deadliest in state history. The Camp Fire killed 86 people and all but destroyed the town of Paradise.
  • Protests Break Out In Zimbabwe As Economic Crisis Spirals

    Protests Break Out In Zimbabwe As Economic Crisis Spirals

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    Other measures which Mnangagwa announced to ease the economic pressure include what he said was "a package of measures" to cushion its workers, until a full review of cost of living adjustment package due to take effect in April in the context of the current budget.
  • Oil prices rise amid OPEC-led output cut last week

    Oil prices rise amid OPEC-led output cut last week

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    Unemployment is the lowest it's been in decades, wages are rising and consumer confidence is high, while gas prices dropped late past year. On the supply side, oil markets are receiving support from supply cuts led by the Organization of the Petroleum Exporting Countries and aimed at reining in a glut that emerged in the second half of 2018.
  • Mobile responds to location data scandal, says it’s ‘completely ending’ aggregator work

    Mobile responds to location data scandal, says it’s ‘completely ending’ aggregator work

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    A researcher reportedly paid $300 to a bounty hunter who was then able to geolocate a phone down to a location in a specific neighborhood only blocks away from the actual location of the targeted phone. Verizon also said it terminated its relationship with Zumigo , a data aggregator named in the Motherboard report. However, without these rules, the broadband providers are not incentivized to change anything despite their aloof public ideals of prioritizing consumer data privacy - even ...
  • Google tried to cover up sexual misconduct, alleges shareholder

    Google tried to cover up sexual misconduct, alleges shareholder

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    Both lawsuits name the full board of Alphabet , which includes its co-founders Sergey Brin and Larry Page , John Doerr, a venture capitalist, and Ram Shriram, one of its investors. A lawsuit filed this week in California sees an Alphabet shareholder suing Alphabet . The report also said that Google allowed Amit Singhal , a former vice president, to step down from his position, after claims of harassment were filed against him, paying him millions of dollars upon his resignation.
  • Routine food inspections halted by US government shutdown

    Routine food inspections halted by US government shutdown

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    With around 7,000 of its 17,000 employees furloughed, the Food and Drug Administration is not able to carry out many of its regular activities, such as some domestic food safety inspections , commissioner Scott Gottlieb told NBC News in an interview published Wednesday.
  • China Denounces ‘Provocation’ of U.S. Destroyer Sailing in South China Sea

    China Denounces ‘Provocation’ of U.S. Destroyer Sailing in South China Sea

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    From January 7 to 9, a USA delegation was in Beijing for talks about trade issues amid an ongoing 90-day truce in the trade war. Beijing | China on Thursday said that the just-concluded round of talks with the U.S. The Chinese government is reported to be releasing a statement on the talks tomorrow. Officials say talks are expected to deliver specific commitments to expand market access for USA in China, improve protection of intellectual property rights (IPR) and reduce the trade ...
  • Oracle’s Larry Ellison reveals $1-billion stake in Tesla

    Oracle’s Larry Ellison reveals $1-billion stake in Tesla

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    The lowest-end Model X , listed at $72,450-the one that won't be sold anymore-is advertised as having a 237-mile range; the next level up lists at $87,450 and has a 295-mile range. Tesla's factory is a big deal for Shanghai. The plant will be the first wholly foreign-owned vehicle factory in the country. Li congratulated Musk on construction of the multibillion-dollar facility, which began three months after the maker of America's bestselling electric cars secured the land at an ...
  • Due to TSA absences, Miami International Airport will temporarily close one terminal

    Due to TSA absences, Miami International Airport will temporarily close one terminal

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    But Chin said that if the shutdown continues and additional screeners don't show up for work, the airport could be forced to close a security checkpoint at terminals that have multiple entry points, such as Concourse J or Concourse D. He said he was more concerned about the hassle than potential security risks. TSA spokesman Jim Gregory said officials are managing. "That's obviously where it becomes more hard", he said.
  • Saudi Arabia to trim oil exports further in February

    Saudi Arabia to trim oil exports further in February

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    Saudi Arabia had a target to lower output to 10.311 million bpd as of January 1, when the supply cut accord took effect. Falih said Saudi production had fallen to 10.2 million bpd, down from the roughly 11 million bpd it was pumping when oil producers chose to end a production cut deal in May.
  • Apple Watchers Are Already Looking Toward the Next Next iPhones

    Apple Watchers Are Already Looking Toward the Next Next iPhones

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    The iPhone XR, which is believed to have been the least popular of the three, will be updated with a model that comes with the same LCD display and similar design, according to the report . But Apple lags behind its rivals in the number of rear cameras. iPhone sales haven't been stellar lately, with people replacing their own batteries instead of upgrading and knocking billions off Apple's profit projections in the process .
  • Apple reportedly cuts iPhone production by 10 percent for first quarter

    Apple reportedly cuts iPhone production by 10 percent for first quarter

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    China is cited as the reason for weakening iPhone sales as that country's economy slows, which has been impacted by a trade war with the United States. The Nikkei said Apple could not be reached for comment on the information. Apple's iPhone suppliers include Taiwanese assemblers Hon Hai Precision Industry Co Ltd (Foxconn) (2317.TW) and Pegatron Corp (4938.TW).
  • Fiat Chrysler Will Pay $800 Million to Settle Emissions Cheating Claims

    Fiat Chrysler Will Pay $800 Million to Settle Emissions Cheating Claims

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    The settlement includes fines and more than $300 million in "consumer relief" and requires Fiat Chrysler to establish a recall program offering motorists an approved plan for modification their emissions systems. This on a day when Fiat Chrysler also agreed to a settlement in the neighborhood of $800 million. The company will also need to pay about $280 million to compensate owners.
  • General Motors Oshawa plant workers stage sit-down strike

    General Motors Oshawa plant workers stage sit-down strike

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    On Tuesday , GM Canada's Vice president of Corporate Affairs David Paterson told The Canadian Press that the union should work with the automaker to help retrain the estimated 2,600 employees that will be impacted by the plant closure and transition them to new opportunities.
  • LG Electronics Q4 profit likely fell 80%, misses estimates

    LG Electronics Q4 profit likely fell 80%, misses estimates

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    It is the lowest operating profit figure since the first quarter of 2017. Samsung also noted that demand for DRAM from datacenters was lower than expected, this makes up 30% of their DRAM business. "If Apple's not selling, then is it Samsung that's selling well?" "Apple's iPhones have not been selling well in China". A man tries out a Samsung Electronics' Galaxy Note 9 at its store in Seoul , South Korea Jan.
  • Rare coin found in boy's lunchbox worth $2.4 million

    Rare coin found in boy's lunchbox worth $2.4 million

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    A penny pressed in 1943 is fetching well over $100,000 at auction . "This lot represents a true "once in a lifetime" opportunity". Following government orders to preserve copper for the war effort, the mint began creating Lincoln pennies on steel planchets coated with zinc in 1943.
  • US, China trade talks conclude on positive note

    US, China trade talks conclude on positive note

    Markets

    Three days of U.S. Meanwhile, confirming the conclusion of the trade talks, China's foreign ministry spokesman Lu Kang told a media briefing that "the extension of the talks indicates that both sides are serious about this consultation".
  • Hyundai shows off prototype rescue robot auto with legs at CES 2019

    Hyundai shows off prototype rescue robot auto with legs at CES 2019

    Markets

    The "Elevate" (so-called for reasons that ought to be obvious, if you've already scrolled through the pics) is what Hyundai calls a "Ultimate Mobility Vehicle", or UMV. What's more, the concept , which was developed in conjunction with Sundberg-Ferar, is based around a modular EV platform that allows different bodies to be switched and swopped when needed.
  • Musk lays foundation of USD 7 billion Tesla plant in China

    Musk lays foundation of USD 7 billion Tesla plant in China

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    According to a series of tweets by Musk , the Company is aiming to complete the initial construction work this summer and start producing its cheapest auto, the Model 3 , by the end of the year. "And the competition is getting more and more fierce". It also comes on the back of Tesla's ability to ramp up production of Model 3 sedans, marking the beginning of a turn in market sentiment.
  • PG&E Reportedly Eyeing Breakup, Bankruptcy In Wake Of Multiple Devastating Wildfires

    PG&E Reportedly Eyeing Breakup, Bankruptcy In Wake Of Multiple Devastating Wildfires

    Markets

    PG&E "could face a liquidity crisis by mid-to-late '19", Greg Gordon, an analyst at Evercore ISI, said in a research note Monday. Reuters reported previous year that the company was working with bankruptcy advisors. Pacific Gas & Electric is preparing to take a significant charge for liabilities related to the wildfires of 2018 and 2017. "We want to tap fresh perspectives and additional expertise to help address the changing nature of PG&E's business and the challenges it faces now and ...