• Renault boss Carlos Ghosn resigns amid embezzlement scandal

    Renault boss Carlos Ghosn resigns amid embezzlement scandal

    Markets

    Renault has appointed former Michelin CEO, Jean-Dominique Senard, as its new chairman following the resignation of Carlos Ghosn . Mr Bolloré will help Renault co-ordinate the Alliance's activities in the operational field, under the supervision of Mr Senard.
  • Pompeo confronts U.N. Security Council on Venezuela

    Pompeo confronts U.N. Security Council on Venezuela

    Markets

    On Saturday, the Maduro government announced it had suspended a directive for all USA diplomats to leave Venezuela within 72 hours and instead would allow them to remain in the country while talks for a potential "interests offices" take place over the next 30 days.
  • Honda Confirms Plans to Debut Urban EV Concept in Geneva

    Honda Confirms Plans to Debut Urban EV Concept in Geneva

    Markets

    It was called the Urban EV , and it juxtaposed its state-of-the-art electric powertrain with serious retro CVCC-esque style. Shortly after revealing the Urban EV Concept at the 2017 Frankfurt Motor Show , the firm showcased the Sports EV Concept at the Tokyo Motor Show - which boasted a look similar to the city auto.
  • In Deadly Tubbs Fire Investigation, California Officials Clear PG&E

    In Deadly Tubbs Fire Investigation, California Officials Clear PG&E

    Markets

    The deadliest in state history at the time, the wildfire killed 22 people, a lot of them elderly, and destroyed more than 5,600 buildings. Today's Cal Fire finding may also play a role in next week's hearing scheduled before the federal district court judge overseeing PG&E's criminal probation for its role in causing the deadly 2010 San Bruno pipeline explosion.
  • Oil edges down as U.S. supplies, economic worries eclipse Venezuela turmoil

    Oil edges down as U.S. supplies, economic worries eclipse Venezuela turmoil

    Markets

    Washington has recognised opposition leader Juan Guaido as Venezuela's head of state. Brent crude oil futures ended the session at $61.64 a barrel, up 55 cents , or 0.9 percent. Venezuela's crude production has declined steadily since former Socialist president Hugo Chavez won power in 1999, and has fallen by half over the past decade to 1.2 million barrels a day (b/d).
  • Necco's Conversation Hearts Not Available This Year

    Necco's Conversation Hearts Not Available This Year

    Markets

    They've been a crucial part of American romance since 1866 when the Necco wafer factory began experimenting with printing romantic sayings on their candy, but this Valentine's Day there will be no Sweethearts candy available for sale. Spangler purchased the popular V-Day sweet along with Necco wafers from Round Hill Investments after its original producer, New England Confectionery Company, was sold to the firm in bankruptcy court last July.
  • Huawei network

    Huawei network "pause" - Vodacom responds

    Markets

    A spokesman for Huawei, which become the world's biggest telecoms equipment maker earlier this decade despite being shut out of the USA market, said it had been a long-term strategic partner to Vodafone since 2007. "Huawei is focused on supporting Vodafone's 5G network rollouts, of which the core is a small proportion". The vendor already faces bans in the U.S., Japan, Australia and New Zealand.
  • 'BuzzFeed' To Cut Staff 15%, Focus On Content Licensing, Ecommerce 01/25/2019

    'BuzzFeed' To Cut Staff 15%, Focus On Content Licensing, Ecommerce 01/25/2019

    Markets

    Things may look bad in digital journalism, but the grim news from Gannett is a reminder that things are still worse in print journalism. The 45-year-old told employees that a restructuring of the company "will reduce our costs and improve our operating model so we can thrive and control our own destiny, without ever needing to raise funding again", and said the changes "will allow us to be the clear victor in the market" of digital media.
  • Hundreds missing in Brazil after Vale tailings dam collapses

    Hundreds missing in Brazil after Vale tailings dam collapses

    Markets

    There are still no confirmed fatalities, though, according to a spokesperson for Minas Gerais state's Civil Defense told ABC News. A home lays in ruins after a dam collapsed near Brumadinho, Brazil on Friday. It's considered the worst environmental disaster in Brazilian history, with 60 million cubic meters of waste flooding rivers and eventually reaching the Atlantic Ocean.
  • U.S. needs to stay out of Venezuela, says Tulsi Gabbard

    U.S. needs to stay out of Venezuela, says Tulsi Gabbard

    Markets

    Washington's decision to throw its weight behind Guaido , a virtual unknown in Venezuelan politics until recently, came only after it became convinced that the 35-year-old with a U.S. The Russian president emphasized that "destructive foreign interference tramples on basic norms of the worldwide law", according to a statement. Moscow has warned Washington against any attempts to militarily intervene in Venezuela.
  • Family kicked off flight in Florida after passengers complained about body odor

    Family kicked off flight in Florida after passengers complained about body odor

    Markets

    A MI family is outraged after they were kicked off a flight over issues with their body odor. "The Adler family were asked to deplane Wednesday evening after multiple passengers, along with our crew members, complained about Mr. At one point, after Adler asked airline workers for an explanation for the removal, one of them asked him, "You told me for religious reasons you don't shower?" I shower every day.
  • Trump adviser warns of zero growth if shutdown lingers this quarter

    Trump adviser warns of zero growth if shutdown lingers this quarter

    Markets

    The shutdown adds uncertainty to the economic picture, Hassett, the chairman of the White House Council of Economic Advisers, told CNN in an interview . Adopting an optimistic tone about the current status of the overall United States economy, Hassett said the U.S. is "at a time in the business cycle that is especially good for people who have been separated from society and disadvantaged by the weak economy of the Great Recession", and right now the income at the lower end of the society ...
  • Microsoft says its Bing search engine blocked in China

    Microsoft says its Bing search engine blocked in China

    Markets

    It remains unclear why the blocking occured in the first place. Microsoft President Brad Smith on the opportunities for the company in China and the impact of U.S. "We do adhere to the global network initiative set of principles when it comes to search services in China". Chinese tech firm Baidu is the dominant player, accounting for 70% of the market past year, according to research firm StatCounter.
  • Could a Long-Shot Aviation Strike Be What Finally Ends the Shutdown?

    Could a Long-Shot Aviation Strike Be What Finally Ends the Shutdown?

    Markets

    A " slight increase in sick leave at two air traffic control facilities " in NY and Florida led the FAA to "adjust operations to a safe rate", the administration said in a statement to reporters. "We are monitoring the ongoing delays at some airports", she said in an emailed statement. Calls to the air traffic controllers union were not immediately returned.
  • United States orders non-emergency embassy staff to leave Venezuela

    United States orders non-emergency embassy staff to leave Venezuela

    Markets

    Guaido set the showdown in motion on Wednesday by proclaiming himself "acting president" and was swiftly recognised by the USA and about a dozen regional governments, including those of Brazil, Argentina and Colombia. The defence minister said "unhinged elements" among Venezuela's opposition, backed by outside forces, were behind the bid to create a de facto government, which he vowed "will not be victorious".
  • Trump not to soften position against China

    Trump not to soften position against China

    Markets

    A recent foreign media report that claimed United States officials canceled a vice-ministerial meeting with China scheduled for this week was false, Gao said. On Monday, China reported its weakest annual growth in almost three decades, hurt by rising US tariffs, and the International Monetary Fund cited the trade war in downgrading its global 2019 outlook for the second time in three months.
  • Amazon rolls out 'Scout' delivery robots

    Amazon rolls out 'Scout' delivery robots

    Markets

    The bots arrival comes before Amazon Prime Air - the company's drone delivery service that still hasn't taken off. The front "visor" portion houses an array of sensors that help Scout navigate sidewalks. The chunky robots can't manage to climb some steps, which makes them slightly slower than a human delivery person but seemingly much more entertaining.
  • Tesla may use new battery supplier for cars made in China factory

    Tesla may use new battery supplier for cars made in China factory

    Markets

    A Tesla spokeswoman issued a statement confirming that the company had reduced production hours for the Model S and Model X. The decision was linked to chief executive officer Elon Musk's pronouncement earlier this month that the company would stop accepting orders for entry-level versions of the Model S and Model X starting January 14.
  • Boeing's flying auto completes first test flight

    Boeing's flying auto completes first test flight

    Markets

    The company claims that the prototype completed take-off, hovering and landing successfully along with the testing of autonomous functions and ground control systems. Boeing NeXt's portfolio also includes a fully electric cargo air vehicle - created to transport as much as 500 pounds - which completed its first indoor flight last year and is slated for outdoor testing this year.
  • TSA sick-outs hit 10 percent as government shutdown drags on

    TSA sick-outs hit 10 percent as government shutdown drags on

    Markets

    The TSA statement in the fifth week of the longest government shutdown on record underscored the particular impact the funding impasse has had on the nation's airports and the employees handling security screenings without pay. After callouts hit 10% on Sunday nationwide, according to TSA, 7.5% of employees called out Monday, compared to 3.3% on the same Monday a year ago.
  • Drone disrupts air traffic into Newark

    Drone disrupts air traffic into Newark

    Markets

    A pilot told air traffic control that one of the drones came within 30ft (9m) of his aircraft. The issue of drones impacting commercial air traffic has taken on new urgency after reports of drone sightings in the United Kingdom impacted air travel.
  • China demands U.S. drop its request that Canada extradite Huawei exec

    China demands U.S. drop its request that Canada extradite Huawei exec

    Markets

    If there's enough evidence, the Canadian minister of justice issues a formal order of extradition. Huawei and Meng have insisted that both she and the company are innocent of all charges. Any person with fair judgment would come to the conclusion that Canada was mistaken in its actions, Hua added. In Monday's interview, MacNaughton said he had complained to the United States that Canada was suffering from Chinese revenge for an arrest made at the US's request.
  • Liverpool Travelodge digger rampage: Driver 'HAD been paid his £600 wages'

    Liverpool Travelodge digger rampage: Driver 'HAD been paid his £600 wages'

    Markets

    Remember the man who rammed a small digger into a Travelodge near Liverpool yesterday? According to a statement by Triton Construction , the builder was a worker for a sub-contractor, MF Construction. "Then some idiot in a mini digger chose to drive through the middle of the building", he told the Press Association. The force added: "The driver then left the vehicle and made off on foot in the direction of Edge Lane".
  • International Monetary Fund cuts Nigeria’s 2019 growth forecast to 2%

    International Monetary Fund cuts Nigeria’s 2019 growth forecast to 2%

    Markets

    The IMF sees growth in Saudi Arabia for 2019 at 1.8 percent, compared to 2.4 percent expected last October, while it lifted its 2020 economic growth forecast by 0.2 percentage point from October to 2.1 percent. The IMF warned that an escalation of trade tension and a worsening of financial conditions were key sources of risk to the outlook. For 2020, growth projections were raised by 0.1% to 1.6% on the assumption that Britain will reach a Brexit deal this year and that the country will ...