Business

Business Porsche renames Mission E to 'Taycan'
Author: 0 Porsche renames Mission E to 'Taycan'

The four-door, four-seat Taycan's floor-mounted batteries point to an extremely low centre of gravity and handling to match more focused performance machines. Over-the-air updates will be possible on the Porsche Taycan , upgrading on-board infotainment systems and safety tech , but also offering to boost power if the customer wishes.

Business Elon Musk to remain Tesla chairman after shareholder vote
Author: 0 Elon Musk to remain Tesla chairman after shareholder vote

Tesla better prepare for hundreds of thousands of orders . In the wake of several high profile crashes and frustrating production schedules, this year's annual Tesla shareholders' meeting was slightly more tense than ones before it. The fully electric five-seat saloon costs $35,000. So the concept of circular accountability can (but not necessarily is) be lacking in some companies where a single person shares both roles, as is the case with Tesla .

Business Qatar Airways boss apologizes for remarks on women CEOs
Author: 0 Qatar Airways boss apologizes for remarks on women CEOs

Qatar Airways staff is more than 44 percent female, the company said. 'They blew it out of proportion. Chief executive officer Akbar Al Baker said the position was "challenging" and needed to be led by a man. "I will not tell you what types of aeroplanes we will deploy in India but as you may remember we said that we will launch an airline in India which will have a fleet of at least 100 aircraft", he had said.

Business China Lowers Import Tariffs Amid US Trade Row
Author: 0 China Lowers Import Tariffs Amid US Trade Row

China has said it will respond in kind to threats by Trump to impose tariffs on up to $150 billion of Chinese goods. A day after the United States announced 25 per cent tariff on Dollars 50 billion of Chinese tech goods, China on Wednesday said that it did not want a trade war and remained undeterred.

Business The Economic Risks of Trump's Premature Tweeting
Author: 0 The Economic Risks of Trump's Premature Tweeting

The May jobs report showed the USA economy added 223,000 jobs compared with an average monthly gain of 191,000 over the prior 12 months, and that the unemployment rate edged down to an 18-year low of 3.8 percent. Treasury official Tony Fratto. "There wasn't a reaction beyond the markets' reactions to other (Trump) tweets", he said. That's because it's critically important that these statistics, which comes from the nonpartisan federal Bureau of Labor Statistics, are apolitical.

Business Euro enjoys second day of relief as Italian tensions ease
Author: 0 Euro enjoys second day of relief as Italian tensions ease

The Spike in Europe's inflation figures could revive expectations of an eventual rate hike by the European Central Bank if market concerns about politics in Southern Europe diminish further. Despite the declared intentions to stay in the euro, all six EU lawmakers from the League and all but one of the 14 5-Star Members of the European Parliament voted on Wednesday for a document that called for the establishment of programmes of financial support "for member states that plan to negotiate ...

Business Amazon Rankles Australian Customers by Pushing Them to a Local Site
Author: 0 Amazon Rankles Australian Customers by Pushing Them to a Local Site

It was the move we all dreaded was coming: Australian shoppers will no longer be able to shop on Amazon's USA site as the company shifts focus to its local offering. eBay also stated its case against the Bill which applied GST to overseas sales. Dr. Minifie, the economist, said that Amazon would probably continue to build a healthy customer base in Australia despite the change.

Business Petrol and Diesel Prices went down by 1 paisa after 16 days
Author: 0 Petrol and Diesel Prices went down by 1 paisa after 16 days

One must also note that Kerala is one of the highest tax collecting states and when we appealed (for fuel price cut ), their Finance Minister gave negative statement, but now they took responsibility, I thank them for it... Within hours the cut was rolled back to a paltry Re 1 paisa in Delhi and Mumbai . Petrol and diesel were sold for Rs 78.42 and Rs 69.30 per litre in Delhi on Wednesday.

Business U.S. to Impose Steel Tariffs on EU
Author: 0 U.S. to Impose Steel Tariffs on EU

The EU confirmed Thursday that it would retaliate against steel and aluminum tariffs imposed by U.S. President Donald Trump , in what many European officials fear could be the first salvos of a transatlantic trade war. She said if there were no exemptions, "We will respond in an intelligent, decisive and joint way". "I have argued for the European Union and the United States to engage in a positive trans-Atlantic trade agenda, and for the European Union to be fully, permanently and ...

Business Canada buys troubled oil pipeline, stunning green critics
Author: 0 Canada buys troubled oil pipeline, stunning green critics

Morneau presented the purchase options during an early-morning cabinet meeting Tuesday before ministers signed off on the chosen option, which comes just days before the company's self-imposed May 31 deadline and is still subject to the approval of Kinder Morgan shareholders.

Business Trump to meet Abe before 'expected' Kim summit
Author: 0 Trump to meet Abe before 'expected' Kim summit

Trump's latest about-face sent officials scrambling in Washington. "We are having very productive talks about reinstating the Summit which, if it does happen, will likely remain in Singapore on the same date, June 12th., and, if necessary, will be extended beyond that date", Trump said in a Twitter post.

Business Musk slams fake news media, muses about app to rate reporters
Author: 0 Musk slams fake news media, muses about app to rate reporters

The website would be called " Pravda ", the Russian word for "truth" and also the name of the official newspaper of the Soviet Union's Communist Party. The UAW, which is actively trying to organize Tesla's Fremont, California, assembly plant, notes in its complaint that Musk has 21.8 million Twitter followers, that the tweet was widely shared and covered in the media and that it remains online.

Business Trump heralds US military in Naval Academy commencement address
Author: 0 Trump heralds US military in Naval Academy commencement address

The president praised the 1,042 newly commissioned ensigns and second lieutenants and highlighted his efforts to boost federal defense spending. We are respected again. We are going to stand up for America. "In recent years and even decades, too many people have forgotten that truth", Trump said. "A growing number used their platforms to denigrate America's incredible heritage, challenge America's sovereignty and weaken America's pride", he said.

Business Donald Trump Demands DOJ Investigation Into FBI, Obama Administration Election Spying Claims
Author: 0 Donald Trump Demands DOJ Investigation Into FBI, Obama Administration Election Spying Claims

President Donald Trump says he will order an investigation Monday into claims an FBI informant infiltrated his 2016 election campaign - setting up a potential showdown with the Justice Department. The National Review first reported claims of an informant. While Trump allies in Congress have demanded more information about the informant, law enforcement officials have refused, saying the source - not yet officially identified - could be in danger if named.

Business French Oil Firm May Leave Iran
Author: 0 French Oil Firm May Leave Iran

On May 8 President Donald Trump announced his decision to withdraw the USA from the Iran nuclear deal , also pledging to reinstate the anti-Iranian sanctions that were lifted as a result of the agreement. made a decision to reimpose sanctions. Total does about 30 percent of its business through the United States banking system. Germany, France and the United Kingdom have vowed to stick with the nuclear deal and they're talking to Iranian officials about how to protect the economic ...

Business Australian astronomers find a cosmic 'monster' that's growing fast
Author: 0 Australian astronomers find a cosmic 'monster' that's growing fast

Essentially the Donald Trump of quasars , this supermassive black hole dates back more than 12 billion years, to the early dark ages of the universe. "Fast-growing supermassive black holes also help to clear the fog around them by ionising gases", Wolf said in a statement , "which makes the Universe more transparent".

Business Starbucks joins Amazon, lambasting Seattle's new head tax on top-grossing companies
Author: 0 Starbucks joins Amazon, lambasting Seattle's new head tax on top-grossing companies

The tax will provide additional revenue. Seattle Mayor Jenny Durkan on Thursday offered an alternate plan , cutting the tax in half from $500 to $250 per employee per year. Sawant did not deny it and said she believes it is OK to use taxpayer-funded equipment for her "movement". People in the crowd held up signs: "Don't vote our jobs away" or "Tax the rich".

Business Asia markets, energy firms rally with oil prices
Author: 0 Asia markets, energy firms rally with oil prices

The leaders of the European Union, France, Germany, the United Kingdom, Turkey, Australia, Japan, China and Russian Federation have expressed regret at the USA decision to stop honoring the agreement. Iran re-emerged as a major oil exporter in 2016 after global sanctions against it were lifted in return for curbs on its nuclear program. On Monday, U.S.

Business Inflation Report: Growth and Inflation Forecast Downgraded
Author: 0 Inflation Report: Growth and Inflation Forecast Downgraded

Economists had forecast core CPI climbing by 0.2%. All members agree that any future increases in Bank Rate are likely to be at a gradual pace and to a limited extent. Whilst the Bank of England (BoE) did not have early access to today's data, it could still effect the sentiment of Bank Governor Mark Carney in his later press conference and indeed the outlook moving forward.

Business Budget 2018: DTA to explore blockchain for government payments
Author: 0 Budget 2018: DTA to explore blockchain for government payments

The Federal Government have committed to a 10-year national infrastructure plan that seeks to reduce congestion, improve safety and create jobs. The NPP was built by the Reserve Bank of Australia (RBA) alongside The Commonwealth Bank of Australia (CBA), the National Australia Bank (NAB), the Australia and New Zealand Banking Group (ANZ), and Westpac.

Business Annual postal food drive is Saturday
Author: 0 Annual postal food drive is Saturday

To contribute to this year's food drive, place a donation bag by the mailbox on May 12, prior to the letter carrier's delivery time for the collection of their non-perishable food donations. "This is the 26th anniversary of the Letter Carriers' Stamp Out Hunger Food Drive ", said Theresa Miller, a letter carrier for the U.S. Postal Service in the Alamogordo area.