Tesla asked suppliers for money back to boost profitability

The WSJ quoted the company as confirming it is seeking price reductions for projects, some of which date back to 2016. While it's not clear which suppliers Tesla asked for cash back, or how much, the Wall Street Journal said the amount was "m... More..

by | Published more than a month ago
Sanitary napkins to be exempted from GST, says Maharashtra finance minister
by | Monday, July 23, 2018

Sanitary napkins to be exempted from GST, says Maharashtra finance minister

In July 2017, citing the high tax rates of 18% and 12% on the inputs, the government had defended the decision to not lower the GST rate of 12% on sanitary napkins. They will have to, however, pay taxes mon...More..

Trump Sends Rouhani Dire Warning, All Caps
by | Monday, July 23, 2018

Trump Sends Rouhani Dire Warning, All Caps

Trump called for Rouhani to stop the rhetoric or "suffer the consequences the like of which few throughout history have ever suffered before ". He said the U.S. He said despite poor treatment by their leaders,...More..

by | Monday, July 23, 2018

A Tesla Cash-Back Deal Isn't for Buyers

The request, which was sent in the form of a memo to several suppliers, noted that the cash back would be necessary for Tesla's "continued operation", calling it an investment in "long-term growth". He had be...More..

Trump 'ready' to tax all Chinese imports
by | Monday, July 23, 2018

Trump 'ready' to tax all Chinese imports

The comments sent US markets sliding early Friday. In a pair of tweets , Trump said China, the European Union and others had been "manipulating their currencies and interest rates lower" while the U.S. T...More..

The Trump Effect, Crude Oil Prices Fall Across the Board
by | Monday, July 23, 2018

The Trump Effect, Crude Oil Prices Fall Across the Board

The kingdom's assurance clashes with signals it gave out shortly after last month's OPEC meeting, when people briefed on its output policy said it planned record production of 10.8 MMbpd. To be sure, supply ris...More..

Mega Millions Jackpot Increases to $433 Million Ahead of Friday Night’s Drawing
by | Monday, July 23, 2018

Mega Millions Jackpot Increases to $433 Million Ahead of Friday Night’s Drawing

How does almost half a billion dollars sound? No one matched all six numbers in Friday night's drawing, causing the jackpot to surge to $493 million. A 20-year-old Florida man won $451 million in January. The...More..

Certain Ritz products recalled over salmonella concerns
by | Monday, July 23, 2018

Certain Ritz products recalled over salmonella concerns

Both recalls issued by the agency cite possible Salmonella contamination as the reason for the recall. According to a press release , the affected products contain whey powder which the supplier has recalled...More..

China's yuan falls against dollar, helping Chinese exporters
by | Monday, July 23, 2018

China's yuan falls against dollar, helping Chinese exporters

After falling 0.4 percent, MSCI's index of Asia-Pacific shares outside Japan ended the day 0.6 percent higher as the yuan rebounded. MSCI's gauge of stocks across the globe gained 0.43 percent, helped by Asia...More..

British Airways warns of 'knock-on disruption' after 'chaos' at Heathrow
by | Sunday, July 22, 2018

British Airways warns of 'knock-on disruption' after 'chaos' at Heathrow

The incident forced Gatwick to shut down the main runway for more than four hours while the spillage was cleaned. As reported in the national press, the aircraft, which was carrying several groups of school c...More..

by | Sunday, July 22, 2018

Possible salmonella contamination causes a number of food recalls in Atlantic provinces

Virgin Islands, due to concerns about possible Salmonella contamination. There have been no complaints of illness in connection with the Ritz products to date. Healthy persons infected with Salmonella often...More..

Facebook suspends Boston analytics firm Crimson Hexagon over data usage
by | Sunday, July 22, 2018

Facebook suspends Boston analytics firm Crimson Hexagon over data usage

Boston-based Crimson Hexagon claims it maintains a database of over 1 trillion social-media posts , including from Facebook, Instagram, Twitter, Reddit and other discussion forums, blogs, and other sources. U...More..

by | Sunday, July 22, 2018

Trump threatens tariffs on all US$505 billion of Chinese imports

The comments also signalled an undiminished appetite for battle on multiple fronts after a week dominated by coverage of the fallout from his dealings with Russian President Vladimir Putin. And last week, the a...More..

Ryanair to cancel 600 flights next week
by | Sunday, July 22, 2018

Ryanair to cancel 600 flights next week

The Herald asked if any of the 300 cancelled flights each day would affect Irish passengers but did not receive any information. Most of the cancelled flights are to, from and within Spain, where around a qua...More..

Cadbury to launch Dairy Milk bar with 30% less sugar
by | Sunday, July 22, 2018

Cadbury to launch Dairy Milk bar with 30% less sugar

Mondelēz said it spent more than two years at its Reading and Bournville research and development facilities in the United Kingdom to achieve the same taste, which contains no artificial sweeteners, colors or p...More..

What the Tech? Amazon Prime Day problems
by | Sunday, July 22, 2018

What the Tech? Amazon Prime Day problems

The best-selling Amazon devices in India this Prime Day were Fire TV Stick with Voice Remote and Echo Dot, whereas, the best-selling categories were smartphones, large & home appliances, apparel and daily ess...More..

Gold Price Falls; Look at Factors Governing the Rates This Week
by | Sunday, July 22, 2018

Gold Price Falls; Look at Factors Governing the Rates This Week

While painting a positive picture about the USA economy, Powell acknowledged that it was "difficult to predict the ultimate outcome of current discussions over trade policy", a clear reference to the aggressive...More..

Sergio Marchionne stepping down as CEO of Fiat Chrysler
by | Sunday, July 22, 2018

Sergio Marchionne stepping down as CEO of Fiat Chrysler

Marchionne, 66, had already announced he would step down in early 2019, so the board's decision, to be confirmed at an upcoming shareholders' meeting, will "accelerate" the CEO transition process, the statement...More..

by | Saturday, July 21, 2018

Fiat Chrysler to name Jeep's Manley to replace Marchionne as CEO

Sergio Marchionne was replaced as chief executive of Fiat Chrysler (FCA) on Saturday by the head of the firm's Jeep division, Mike Manley, after the health of the carmaker's long-time boss deteriorated sharply ...More..

Burberry Burns £28.6m Of Its Own Gear To Protect Against Fakes
by | Saturday, July 21, 2018

Burberry Burns £28.6m Of Its Own Gear To Protect Against Fakes

Aside from any business rationale, the ethical implications of destroying valuable merchandise are something a brand like Burberry is rightly being forced to address. Shoppers are also worked up over the waste,...More..

New Zealand company tested four-day work week, results may surprise you
by | Saturday, July 21, 2018

New Zealand company tested four-day work week, results may surprise you

Jim Craft at the University of Pittsburgh's Katz Business School. The hours were rostered, and days staff could take off were staggered. Employees not only performed better in their jobs, but enjoyed them mor...More..

McDonald's is giving away free fries every Friday for rest of 2018
by | Saturday, July 21, 2018

McDonald's is giving away free fries every Friday for rest of 2018

If you want to get the fries, all you have to do is download the McDonald's app to get the coupon. Then don't miss out on this deal. No one will stop you. Either of those deals are available every day of the we...More..

Fire alarm halts planes at London's Heathrow Airport
by | Saturday, July 21, 2018

Fire alarm halts planes at London's Heathrow Airport

She added that flights are operating today, now the supplier "has resolved the issue", but didn't explain what the root cause was when IT Pro asked. Terminal 5 was further affected by the situation - leading ...More..

Interim Finance Minister Piyush Goyal to chair GST Council meet today
by | Saturday, July 21, 2018

Interim Finance Minister Piyush Goyal to chair GST Council meet today

Addressing a presser, Goyal said, "After careful considerations and discussion with the state finance ministers, we (the GST Council ) have made a decision to implement these changes for the welfare of the mid...More..

by | Saturday, July 21, 2018

President Trump Eyes an Additional $500B Worth of Tariffs on Chinese Goods

About $US505 billion ($680.3 billion) of Chinese goods were imported to the US in 2017, leading to a trade deficit of almost $US376 billion ($506.5 billion), US government data showed. Companies in the United...More..

Farnborough 2018: VietJet places 100 Boeing 737 MAX order
by | Saturday, July 21, 2018

Farnborough 2018: VietJet places 100 Boeing 737 MAX order

Four undisclosed customers signed commitments for a total of 93 737 MAXs, including a carrier that has committed to 40 of the high-capacity version - the MAX 10. The expo culminated with the AirAsia announcem...More..

Brent drops to 1 month low of $72 on increased supplies concerns
by | Saturday, July 21, 2018

Brent drops to 1 month low of $72 on increased supplies concerns

Kansas City Federal Reserve Bank President Esther George said on Tuesday uncertainty over US trade policy could slow the economy, even if the recently imposed tariffs in and of themselves are too small to have ...More..

'Earlier govts, then Cong chief failed to fulfil electrification promise'..
by | Saturday, July 21, 2018

'Earlier govts, then Cong chief failed to fulfil electrification promise'..

Former Prime Minister Dr Manmohan Singh failed to keep the promise of 100% electrification.that he had made in 2005. Under Saubhagya, free electricity connections to all households (both APL and poor famili...More..

Unemployment rate lowest in over five years
by | Saturday, July 21, 2018

Unemployment rate lowest in over five years

No such inquiry has ever eventuated. "The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nin...More..

by | Saturday, July 21, 2018

Pompeo, Haley step up pressure to support Trump's talks on North Korea

The U.S. said that if loaded at around 90 percent, the tankers would have delivered nearly 1.4 million barrels of refined products to North Korea, almost triple the quota. On Thursday, Russia and China foiled...More..