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The decision is part of a wider global restructuring plan for Infiniti , according to bosses, who have been reluctant to boost R&D investments for the cars to meet stricter European Union legislation around Carbon dioxide emissions when so few models are bought in Europe.
  • Injuries reported when flight to JFK hits 'extreme turbulence'

    Injuries reported when flight to JFK hits 'extreme turbulence'

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    Others were said to have suffered bumps, bruises and cuts. Think your friends would be interested? The plane, a Boeing 777, was carrying 300 passengers, the Associated Press reported. The National Weather Service's Aviation Weather Center had issued an advisory for severe turbulence over New England on Saturday evening. Turkish Airlines officials were not immediately available for comment.
  • Full-Time Jobs Surge in February

    Full-Time Jobs Surge in February

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    The Atlantic provinces appear to be doing the worst regarding employment, with Newfoundland and Labrador facing an 11.8% unemployment rate, PEI at 10.3%, New Brunswick at 8.5%, and Nova Scotia at 6.4%. The Bank of Canada keeps close watch of several wage indicators ahead of policy decisions on its key interest rate. Year-over-year average hourly wage growth in February for permanent employees was 2.3 per cent, up from January's reading of 1.8 per cent.
  • Tesla investors sue Musk for his 'misstatements' on Twitter

    Tesla investors sue Musk for his 'misstatements' on Twitter

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    In a 2018 tweet, Musk had talked about having secured a funding for a plan to make Tesla private, and then in February 2019 he had tweeted about Tesla possibly producing half a million vehicles this year alone, both of which proved to be "misstatements" when Tesla remained public and also fell short of producing the estimated count.
  • Working with US day and night to get trade deal: China

    Working with US day and night to get trade deal: China

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    The United States and China have been battling over trade tariffs since previous year. "We must not let them fool us into thinking this new "law" is anything other than a shiny object that will do nothing to stop Chinese state-directed actors' continued assault on USA companies' intellectual property and trade secrets", Rubio said .
  • US job creation screeches to a halt in February

    US job creation screeches to a halt in February

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    The unemployment rate also fell to 3.8 percent, near the lowest level in five decades, from 4 percent in January. Thus, we have in the February report a labor market that has regularly beaten expectations in the preceding months, with some methodological dynamics at play as well.
  • World's biggest sovereign wealth fund to decide on dumping oil

    World's biggest sovereign wealth fund to decide on dumping oil

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    The move will focus on companies that trade exclusively in exploration and production rather than the integrated oil giants, that do everything from searching for fossil fuels to selling them to consumers. "We cheer for this decision and the government deserves tribute", says Gaute Eiterjord, leader of Nature and Youth. "It is a growth the fund should be able to take part in", Jensen said.
  • European Central Bank sees interest rates unchanged at least through 2019

    European Central Bank sees interest rates unchanged at least through 2019

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    USA ambassador to China Terry Branstad told the Wall Street Journal that the two sides have yet to set a date for a summit as neither feels a deal is imminent. Shanghai blue chips quickly extended early losses to be down 2.9 percent, the sharpest daily fall since October, while the dollar climbed on the yuan.
  • Canada's bruised Trudeau expected to fight political firestorm

    Canada's bruised Trudeau expected to fight political firestorm

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    He said: " Justin Trudeau simply can not continue to govern this country now that Canadians know what he has done and that is why I am calling on Mr Trudeau to do the right thing and to resign". Incredibly, she says she has more to say about the SNC-Lavalin scandal rocking the Justin Trudeau government. Similarly, NDP Leader Jagmeet Singh said "there's not two versions of this story" and reiterated his call for a public inquiry.
  • Sen. Warren: We Need to Break Up Amazon, Facebook, Google

    Sen. Warren: We Need to Break Up Amazon, Facebook, Google

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    Indeed she already has a shortlist of targets: Amazon's Whole Foods and Zappos acquisition; Facebook's WhatsApp and Instagram purchases; and Google's Waze, Nest, and DoubleClick buys . Under the plan, such companies would have to meet a standard of "fair, reasonable and nondiscriminatory dealing with users" and would not be allowed to share data with other firms.
  • Nissan president says Ghosn's release 'would not affect firm's business'

    Nissan president says Ghosn's release 'would not affect firm's business'

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    Flanked by security figures, Ghosn emerged from the jail wearing blue workman's clothes, a baseball cap and a face mask as he heads to his new home, a court approved house in Tokyo . The treatment of Ghosn following his arrest has brought Japan's criminal justice system under worldwide scrutiny, with some practices such as detaining suspects for long periods and interrogating them without lawyers present prompting critics to liken such confinement to being held "hostage".
  • Silicon Valley hit with new digital tax in France

    Silicon Valley hit with new digital tax in France

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    Ireland, which hosts the European headquarters of several U.S. tech giants, leads a small group of otherwise mostly Nordic countries that argue that a new tax could lead to reprisals against European companies in the United States. Le Maire said he would now push for an worldwide deal by the end of the year at the Organization for Economic Cooperation and Development (OECD), a Paris-based forum made up mostly of developed nations.
  • Rare whisky market sees prices rise by 40% in a year

    Rare whisky market sees prices rise by 40% in a year

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    According to the latest issue of The Wealth Report by Knight Frank , launched globally on Wednesday, Mumbai ranked as the world's 12th most wealthy city, bettering its No. The survey is based on responses from 600 wealth managers and private bankers across the world. Those looking to buy outside the country are most likely to buy in the United Kingdom (65 percent), Canada (35 percent), USA (30 percent), UAE (15 percent), Australia, Germany and India (10 percent), South Africa and the ...
  • US looking at new sanctions against Venezuela

    US looking at new sanctions against Venezuela

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    Guaido flouted a travel ban to tour Latin American countries to muster support for his plan for a transition government ahead of free and fair elections. "It is extremely hard to see how he could play a positive role in a democratic election", he said, adding that it was ultimately up to Venezuelans to decide Maduro's future role.
  • Gottleib resigns from FDA - issue of rising teen vaping remains unsolved

    Gottleib resigns from FDA - issue of rising teen vaping remains unsolved

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    This is the best job I will ever have. In recent months, Gottlieb has come under fire for not acting more forcefully to address an explosion in teenage use of electronic cigarettes, especially those with candy and fruit flavors. But the FDA's decision to delay produce farm inspections required under a 2011 food safety law was criticized by members like DeLauro, particularly after several high profile outbreaks from contaminated lettuce in 2018.