Markets

Markets U.S. hands bank accounts to Venezuela's Guaido
Author: 0 U.S. hands bank accounts to Venezuela's Guaido

The group has recognized opposition leader Juan Guaido as Venezuela's interim president, saying President Nicolas Maduro's continuing dictatorial rule is creating an economic and humanitarian crisis that has swelled beyond his country's borders.

Markets Pound crashes after MPs vote against delaying Brexit
Author: 0 Pound crashes after MPs vote against delaying Brexit

May urged hundreds of Conservative politicians crammed into a room inside the parliament to support another amendment that would strip out the so-called backstop plan for the Irish border, wrecking a compromise she's agreed to with the European Union in the hope of securing one with her own party.

Markets Venezuela's self-proclaimed interim president thanks Netanyahu for recognition
Author: 0 Venezuela's self-proclaimed interim president thanks Netanyahu for recognition

His bid was swiftly endorsed by Canada, the United States and many Latin American countries. "Venezuelan soldier, I'm talking to you". Maduro has accused the United States of promoting a coup against him and promised to stay in office. "Just think logically", Peskov said, addressing reporters. Maduro has received support from Russia , Syria, Turkey and China as well as longtime allies Cuba and Bolivia.

Markets USA charges Chinese telecom giant Huawei with fraud, stealing trade secrets
Author: 0 USA charges Chinese telecom giant Huawei with fraud, stealing trade secrets

US prosecutors charge that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of USA sanctions. There have also been reports by the Wall Street Journal and others that the Justice Department was nearing an indictment related to allegations that Huawei stole robotic technology from carrier T-Mobile US Inc to test smartphones' durability.

Markets Hundreds missing and several confirmed dead after dam collapse in Brazil
Author: 0 Hundreds missing and several confirmed dead after dam collapse in Brazil

Vale chief executive Fabio Schvartsman said the dam that burst on Friday at the iron mine was being decommissioned and its capacity was about a fifth of the total waste spilled at Samarco. Vale ended up paying a USA $1.8 billion fine. In the statement , the fire service said it was confirming "the disappearance of approximately 200 people" after the collapse.

Markets European Union lawmakers say Brexit won't pass without backstop
Author: 0 European Union lawmakers say Brexit won't pass without backstop

Business leaders have expressed growing worry about the lack of progress in securing a Brexit trade deal before March 29, the day of Britain's planned exit from the EU. Ireland has agreed with the European Commission to step up preparations for Britain possibly leaving the EU without a deal to smooth its departure, a spokesman for the EU executive said on Friday.

Markets United States rejects Maduro decision to sever diplomatic ties
Author: 0 United States rejects Maduro decision to sever diplomatic ties

At least 13 people have died in Caracas in protests in recent days. But he is known as a talented coalition-builder - something Venezuela's divided and disorganised opposition badly needs. "And how would the existing USA president react?" Alexei Pushkov, chairman of the information committee at Russia's Federation Council, called Guaido's declaration "an attempted coup" orchestrated by Washington - a claim echoed by Maduro in a televised broadcast in which he said, "We've had enough ...

Markets FAA Orders Ground Stop at LaGuardia Due to 'Staffing Shortages'
Author: 0 FAA Orders Ground Stop at LaGuardia Due to 'Staffing Shortages'

Delays were also reported at other airports in the Northeast, including Philadelphia, Ronald Reagan Washington National Airport, Dulles International Airport, and Baltimore/Washington International Thurgood Marshall Airport. On Thursday the TSA said that it had 7.6% of its workers call out with unscheduled absences. Massport says they are "aware and monitoring the situation".

Markets American Airlines kicks family off Miami flight for body odor
Author: 0 American Airlines kicks family off Miami flight for body odor

Not because of an altercation or a drunken rampage. but because other passengers had complained about their body odor. Meanwhile, her husband wants to know the real reason why they got kicked out. The spokesperson confirms the family members were separated from their suitcases, adding, "Their luggage flew on the original flight to Detroit last night and was waiting for them upon arrival this morning".

Markets Labour calls for vote that could trigger Brexit referendum
Author: 0 Labour calls for vote that could trigger Brexit referendum

Theresa May has sought to buy herself time and goodwill to salvage her Brexit deal by scrapping a £65 fee for European Union citizens registering to stay in the UK. Labour tabled an amendment in the Commons on Monday that raises the prospect of a vote on a second referendum on Brexit, but the party has fallen short of committing MPs to fully backing another vote.

Markets Google fined $57 million for lack of transparency
Author: 0 Google fined $57 million for lack of transparency

They said Google had made it too hard for users to understand and manage preferences on how their personal information is used, in particular with regards to targeted advertising. The European Union's General Data Protection Regulation gives Europeans more control over their information and how companies use it. "Following the introduction of GDPR, we have found that large corporations such as Google simply "interpret the law differently" and have often only superficially adapted their ...

Markets United States eyes Taiwan risk as China’s military capabilities grow
Author: 0 United States eyes Taiwan risk as China’s military capabilities grow

China's rapid development in the military field is quickly closing the gap with the U.S. and its allies, and the Taiwan question might test the status quo very soon, a report that comprehensively covered China's military development in nearly every aspect, released on Tuesday from the Pentagon's intelligence directorate, concluded.

Markets Huawei probe underlines U.S. fears of China's strategic threat
Author: 0 Huawei probe underlines U.S. fears of China's strategic threat

Huawei said in a statement the company and T-Mobile settled their disputes in 2017 following a US jury verdict that found "neither damage, unjust enrichment nor willful and malicious conduct by Huawei in T-Mobile's trade secret claim". - Establishing the enforcement of the U.S. export ban: Chinese telecommunications companies that violate United States export control laws or sanctions are prohibited from exporting US-made components.

Markets California Fire- PG&E Chief Departs
Author: 0 California Fire- PG&E Chief Departs

A bankruptcy also would allow PG&E to raise cash by selling assets - such as its gas business and hydropower plants - more easily, he said. This comes one day after the chief executive of the company stepped down . PG&E's decision to replace its chief executive is likely meant to satisfy state regulators rather than investors, said Paul Patterson, an analyst who follows PG&E at Glenrock Associates LLC.

Markets Powell: Fed can be patient as US economy evolves in 2019
Author: 0 Powell: Fed can be patient as US economy evolves in 2019

U.S. President Donald Trump had earlier on Thursday said that Washington was having "tremendous success" in its trade negotiations with China. Federal Reserve vice-chairman Richard Clarida said the central bank should be ready to adjust monetary policy if headwinds to the economy from financial markets or global growth prove persistent, suggesting caution about moving ahead with interest-rate increases.

Markets Apple to launch 3 iPhones in wake of disappointing XR
Author: 0 Apple to launch 3 iPhones in wake of disappointing XR

The iPhone 11 , the successor to the current 5.8-inch iPhone XS , isn't expected to get the triple-lens camera. Among other features, the LCD display lets Apple sell the XR at a lower price than the OLED-display-toting iPhone XS and XS Max .

Markets China Trade Talks End on Note of Cautious Optimism
Author: 0 China Trade Talks End on Note of Cautious Optimism

Trade tensions between the world's two largest economies escalated previous year, putting global stock markets on edge. This week's meetings were not high-level, so they were not expected to lead to a deal. Washington imposed import tariffs on hundreds of billions of dollars of Chinese goods a year ago and threatened further pressure Beijing to change its practices on issues ranging from industrial subsidies to intellectual property.

Markets Actions across globe planned in solidarity with Wet'suwet'en clans
Author: 0 Actions across globe planned in solidarity with Wet'suwet'en clans

Rallies are planned in 30 cities Tuesday - including Vancouver , Victoria , Chilliwack, Lillooet, Nelson, Cortes Island and Prince George - in solidarity with the Wet'suwet'en. In Ottawa , protesters blocked a major intersection near Parliament Hill and roads were also blocked in downtown Vancouver to accommodate demonstrators outside the B.C.

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