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China's vice premier and chief trade negotiator, Liu He, and U.S. Trade Representative Robert Lighthizer lead a round of trade talks this week in Washington. Equinor, which has set up an office in New Delhi to support oil marketing and trading, declined to comment. "We expect lots of volume going away from Venezuela, west Africa and Iran, so it makes sense to have guaranteed term supplies from the USA, where crude production is increasing", she said.
  • Amazon won't build its HQ2 in NYC after all

    Amazon won't build its HQ2 in NYC after all

    Markets

    Critics saw the project as an extravagant giveaway to one of the world's biggest companies and argued it wouldn't provide much direct benefit to most New Yorkers. He had recently been appointed to the state's Public Authorities Control Board, which would have had to unanimously approve the Amazon project. But the online retailer eventually settled on splitting HQ2 between NY and National Landing in Arlington, Virginia - placing 25,000 employees in each location.
  • Tesla rolls out 'sentry mode' safety feature

    Tesla rolls out 'sentry mode' safety feature

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    Dog Mode also makes use of the large touch panel in a Tesla to display the car's inside temp to passersby and also shows them a message reading "My owner will be back soon" so they don't worry about the dog inside. Forget Ludicrous mode, we've got a new favourite Tesla feature. The final mode, which takes place if a major threat occurs - such as a broken window - will active the Tesla's alarm, increase the display's brightness, and play music at maximum volume.
  • China pledges to boost chip purchases in bid for trade deal

    China pledges to boost chip purchases in bid for trade deal

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    The top officials are set to meet with Chinese President Xi Jinping on Friday, according to the South China Morning Post . Pressure to seal an accord ahead of a March 1 deadline set by Donald Trump appears to have eased slightly after the USA president indicated he was open to extending a trade truce depending on progress in Beijing .
  • Airbus confirms it will stop building the A380

    Airbus confirms it will stop building the A380

    Markets

    While Airbus was a major force in the single-aisle space with its A320 family, the prestigious long-distance and ultra-large aircraft segment remained the domain of its USA rival. In Thursday's statement Airbus said it would deliver the last 14 A380s to Emirates over the next two years, adding that the airline had ordered 70 smaller planes from the manufacturer.
  • China's Xi to meet top US trade officials

    China's Xi to meet top US trade officials

    Markets

    Chinese officials also are balking at USA pressure to accept a mechanism to monitor whether Beijing carries out its promises, said Kuijs. Tensions between US President Donald Trump and China's leader Xi Jinping have escalated in recent months, costing both countries billions of dollars.
  • OPEC cuts & United States sanctions against Iran and Venezuela boosting global crude prices

    OPEC cuts & United States sanctions against Iran and Venezuela boosting global crude prices

    Markets

    Brent crude futures have risen 20 percent in 2019 to around $63 a barrel, but most of that increase took place in early January. The global oil market will struggle this year to absorb fast-growing crude supply from outside the Organization of the Petroleum Exporting Countries, even with the group's production cuts and USA sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
  • World Business Report, Why Lufthansa sued a passenger for missing a flight

    World Business Report, Why Lufthansa sued a passenger for missing a flight

    Markets

    Before travelers were pulled into the digital world of algorithms that airlines use to maximize their revenue stream, they would often try ploys like " hidden city ticketing ", where the passenger books a ticket to a fictitious destination (the "hidden" city) with a connection at the intended destination, then walks away at the connection node and discards the remaining segment.
  • Fall in energy prices drags United Kingdom inflation to two-year low

    Markets

    As well as the sharp decline in energy prices, Whitehall statisticians said the drop in inflation was also fuelled by lower petrol prices and a decline in the cost of hotel rooms. The Consumer Price Index inflation rate for rural areas stood at 1.29%, while it was 1.50% in December 2018. Economists said it facilitated the Bank's "wait and see" approach on interest rate hikes ahead of Britain's departure from the EU.
  • Apple iPhone sales fall in China

    Apple iPhone sales fall in China

    Markets

    Apple investors have been anxious about sales in China since the company last month lowered guidance for the quarter due to economic pressures in the region and weak iPhone sales. "China accounts for three in 10 of all smartphones sold worldwide, and it is a market Apple simply can not ignore", Neil Mawston of Strategy Analytics told China Daily.
  • Tesla slaughters Las Vegas delivery team in recent round of job cuts

    Tesla slaughters Las Vegas delivery team in recent round of job cuts

    Markets

    The company will shift its strategy from production to distribution. The steady advance of global automakers into the electric auto market has weighed on Tesla's valuation over the past twelve months, with Morgan Stanley calling Tesla's 80 percent USA electric vehicle market share in 2018 unsustainable.
  • Oil gets a boost from Saudi output pledge, declining U.S. inventories

    Oil gets a boost from Saudi output pledge, declining U.S. inventories

    Markets

    Venezuela sanctions have arrived in a market that was already likely to be short of medium and heavy crudes because of USA sanctions on Iran and OPEC's output cuts. Venezuela has tried to find alternative customers, especially in Asia, but under U.S. pressure many buyers there are also shying away from dealing with PDVSA.
  • Man accepts lottery jackpot in 'Scream' mask

    Man accepts lottery jackpot in 'Scream' mask

    Markets

    A CBS affiliate KDKA reported that a man did not want to reveal his identity while claiming his prize money of $158,400,000 Jamaican dollars , or roughly $1,171,424 in US currency. "Sure enough they wrote me the one dollar cheque and had me hold it up and took the picture", Heep said. Campbell appeared to have contemplated how to responsibly handle the money.
  • Activision Blizzard Reports Sales Miss and Weak Outlook

    Activision Blizzard Reports Sales Miss and Weak Outlook

    Markets

    The PE ratio of 25.43 helps investors explore how much they should pay for a stock based on its current earnings. This includes dramatic staff cost-cutting that has been rumored for months; Kotaku reported last December that Activision Blizzard was preparing for a "lean" 2019.
  • Wilson-Raybould resigns from Trudeau cabinet in wake of SNC-Lavalin claims

    Wilson-Raybould resigns from Trudeau cabinet in wake of SNC-Lavalin claims

    Markets

    Trudeau says Wilson-Raybould reminded him of a conversation they had last fall, in which he says he told her it was entirely up to her as attorney general to decide whether to instruct the director of public prosecutions to negotiate a remediation agreement with SNC-Lavalin over its dealings in Libya, thereby avoiding a criminal trial.