Away Names New CEO Amid Culture Backlash

Stuart Haselden , an executive at the trendy workout apparel brand Lululemon Athletica , will take over as Away's chief executive on January 13 and Korey will become executive chairman, the company announced Monday. When they first approached me... More..

by | Published 13 hours ago
Trump 'signs off' on deal to pause US-China trade war
by | Friday, December 13, 2019

Trump 'signs off' on deal to pause US-China trade war

The United States has reached a "phase-one" trade deal in principle with China, a source briefed on talks between the two nations said on Thursday, saying a statement from the White House was expected soon. C...More..

Cut Donald Trump some slack — WTO crisis
by | Thursday, December 12, 2019

Cut Donald Trump some slack — WTO crisis

The Canada-European Union interim bilateral agreement is just one example of Canadian leadership to preserve rules-based global trade . Director-General Roberto Azevedo said Tuesday that as of Wednesday,...More..

Trump, US trade negotiators talk strategy as China tariffs loom
by | Thursday, December 12, 2019

Trump, US trade negotiators talk strategy as China tariffs loom

China and the United States are in close communication on trade, officials in Beijing and Washington said, days before tit-for-tat tariffs are due to go into effect. While some of Trump's White House adviser...More..

Ringgit ends firmer against USA dollar as Fed holds rates
by | Thursday, December 12, 2019

Ringgit ends firmer against USA dollar as Fed holds rates

The Dow Jones Industrial Average was down 48.45 points, or 0.17 percent, at 27,833.27 while the S&P 500 was up 1.95 points, or 0.06 percent, at 3,134.47 and the Nasdaq Composite was up 12.34 points, or 0.14 per...More..

Fed leaves low rates alone and foresees no moves in 2020
by | Thursday, December 12, 2019

Fed leaves low rates alone and foresees no moves in 2020

Since 1990, the S&P 500 has gained at least 20% from January through November on six other occasions, and following those years, the USA stock market boom continues across all three of the major domestic equi...More..

FAA official, former Boeing manager testify about concerns for 737 Max
by | Thursday, December 12, 2019

FAA official, former Boeing manager testify about concerns for 737 Max

Pierson said at a hearing before US lawmakers. He added that "we're going to keep our heads down and support the team in getting this report done right". That is a much higher rate than other planes and aviatio...More..

First commercial electric plane flight opens new era in aviation
by | Thursday, December 12, 2019

First commercial electric plane flight opens new era in aviation

The emissions contribute to global warming and climate change, which scientists say will unleash ever harsher droughts, superstorms, and sea-level rise. According to Fortune , Harbour Air expects the certifica...More..

U.S. stock indexes mostly higher ahead of Fed policy update
by | Thursday, December 12, 2019

U.S. stock indexes mostly higher ahead of Fed policy update

They said no action is needed amid persistently low inflation in the USA,. and the Fed's preference to stick to a consistent rate during an election year. -China trade war or overseas developments. Measures o...More..

IDC: Wearables industry surged in Q3 with soaring popularity of hearables
by | Thursday, December 12, 2019

IDC: Wearables industry surged in Q3 with soaring popularity of hearables

By comparison, the next closest competitor was Xiaomi , who shipped 12.4 million units and holds 14.6% of the market share. The company increased its wearables market share from 23% in Q3 2018 to 35% in Q3 2...More..

ADB trims India's GDP growth forecast to 5.1 in FY20
by | Thursday, December 12, 2019

ADB trims India's GDP growth forecast to 5.1 in FY20

Further, it has also cut the estimate for the next fiscal, FY 2020-21 to 6.5 per cent from 7.2 per cent. Minister for Economic Affairs also had a meeting with DG Werner Liepach today in Islamabad discussed ...More..

Saudi Aramco shares indicated up 10% from IPO price ahead of debut
by | Wednesday, December 11, 2019

Saudi Aramco shares indicated up 10% from IPO price ahead of debut

When Aramco priced its IPO last week, it aimed to raise $25.6bn for a market valuation of more than $1.7 trillion, beating Chinese tech firm Alibaba's $25bn listing in 2014. The much-delayed stock sale, first a...More..

by | Wednesday, December 11, 2019

"Green deal": EU leader urges MEPs to back green growth plan

She went on to say that the deal is a "broad roadmap" for a rapid transition to a cleaner continent and the "start of a journey". "The European Green Deal is our new growth strategy - it is a strategy for g...More..

Oil prices fall as US crude stocks jump
by | Wednesday, December 11, 2019

Oil prices fall as US crude stocks jump

Brent futures were down 11 cents, or 0.2%, at $64.14 per barrel by 0204 GMT while West Texas Intermediate oil futures were down 7 cents, or 0.1% to $58.95 a barrel. With the market expected to be over-supplied...More..

France sees sixth strike day with new marches against pension reform
by | Wednesday, December 11, 2019

France sees sixth strike day with new marches against pension reform

In some cases there were less than half of the participants on previous days, compared to 250,000 on Thursday, the unions reported 180,000 protesters in Paris on Tuesday. The measures are deemed necessary fol...More..

Tears and shock: Boss surprises staff with $15m Christmas bonus
by | Wednesday, December 11, 2019

Tears and shock: Boss surprises staff with $15m Christmas bonus

St. John Properties said the bonuses were to celebrate the company's "goal of developing 20 million square feet of office, flex/RD&D, retail, and warehouse space in eight states", according to a news release. ...More..

Aramco IPO: Shares jump 10% on stock market debut
by | Wednesday, December 11, 2019

Aramco IPO: Shares jump 10% on stock market debut

This means that Aramco has in effect sold 1.725 percent of its shares instead of the initial 1.5 percent. This will help it achieve the $2 trillion valuation sought by Saudi Crown Prince Mohammed bin Salman . ...More..

China's CPI up in November
by | Wednesday, December 11, 2019

China's CPI up in November

This was the second consecutive month of a rise in the breeding herd inventory, with sow stocks up 4 per cent on October. Non-food inflation in China came in below the 12-month average, and core inflation, wh...More..

by | Wednesday, December 11, 2019

Company Surprises Employees With $10 Million Holiday Bonus

Workers will be paid a bonus based on their years of service, with the average employee receiving $50,000. The touching gift was all caught on video, where you can see employees at the company's Holiday party...More..

Elon Musk Takes Grimes For A Drive In The Cybertruck
by | Wednesday, December 11, 2019

Elon Musk Takes Grimes For A Drive In The Cybertruck

What's cool about the ATV is that it pairs with the Cybertruck: Riders can steer it up the truck's built-in ramp and plug it into the truck's bed. Tesla plans to start production of the Cybertruck by la...More..

Paul Volcker, Fed Chair who infuriated real estate, dies
by | Wednesday, December 11, 2019

Paul Volcker, Fed Chair who infuriated real estate, dies

Paul Volcker , the former United States central bank chief renowned for taming rampant inflation following the oil price hikes of the 1970s, has died aged 92. After leaving the Fed, Volcker took on assignments ...More..

United Kingdom economy stalls ahead of general election
by | Wednesday, December 11, 2019

United Kingdom economy stalls ahead of general election

In repair and maintenance, the fall in the three months to October 2019 was largely because of the 3.6% decline in private housing repair and maintenance, with public housing repair and maintenance also falling...More..

Holden kills off the Commodore, with ZB model to be its last
by | Tuesday, December 10, 2019

Holden kills off the Commodore, with ZB model to be its last

Holden also sources the Astra from Opel . "The company has elected to retire the ZB Commodore and the BK Astra in 2020", read an official Holden statement. It was replaced with a model manufactured in Ger...More..

Jaguar upgrades I-Pace with increased range for free
by | Tuesday, December 10, 2019

Jaguar upgrades I-Pace with increased range for free

It's achieved this by optimising the way the car's software manages the battery, thermal system and AWD drivetrain. "The Jaguar I-Pace eTrophy has generated a huge amount of data for us to analyze and those m...More..

After Announcing Impeachment Charges, House Dems Throw Trump A Trade Bone
by | Tuesday, December 10, 2019

After Announcing Impeachment Charges, House Dems Throw Trump A Trade Bone

Deputy Prime Minister Chrystia Freeland, who led USMCA negotiations for Canada , said in the House of Commons on Monday that Trudeau discussed the new trade deal in his meeting with U.S. The USMCA revamps th...More..

Health officials investigating 16 cases of E. coli related to packaged salad
by | Tuesday, December 10, 2019

Health officials investigating 16 cases of E. coli related to packaged salad

All those affected by the recent eight-person outbreak were infected with a strain of E.coli that is different from the one that sickened customers who reported eating the Salinas-grown lettuce, according to a ...More..

Constellation executive David Klein named new CEO of Canopy Growth
by | Tuesday, December 10, 2019

Constellation executive David Klein named new CEO of Canopy Growth

Klein will take control effective January 14, 2020, after serving on the Canopy Growth Board of Directors for a year and acting as the LP's current board chair. Klein as CEO provides some much-needed senior m...More..

Elon Musk talks Tesla ATV, Cybertruck connection and electric dirt bikes
by | Tuesday, December 10, 2019

Elon Musk talks Tesla ATV, Cybertruck connection and electric dirt bikes

A auto news website reported that a prototype vehicle can be driven on "California's public roads if it has manufacturer's plates and is being used for testing purposes". In turn, the entry-level Single Motor...More..

Saudi Aramco Raises $25.6B, Becomes Largest IPO In World's History
by | Tuesday, December 10, 2019

Saudi Aramco Raises $25.6B, Becomes Largest IPO In World's History

That easily tops IT giants Apple and Microsoft. The IPO also carries political risk as the Saudi government, which relies on Aramco for the bulk of its revenues, controls the company. While Aramco earned $2...More..

Ericsson to pay over $1b to settle United States bribery probe
by | Tuesday, December 10, 2019

Ericsson to pay over $1b to settle United States bribery probe

In addition, the regulator alleged that Ericsson's subsidiaries violated the Foreign Corrupt Practice Act (FCPA) in Vietnam, Indonesia and Kuwait, by maintaining slush funds, using code names, and creating sh...More..