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Economy

Kyodo has also reported that Kelly has been arrested. As head of the Renault-Nissan-Mitsubishi alliance, Ghosn has created an industrial behemoth, its combined 470,000 employees selling 10.6 million vehicles previous year from 122 factories around the globe.
  • Iran officials mock, warn US over renewed sanctions

    Iran officials mock, warn US over renewed sanctions

    Economy

    The sanctions end all economic benefits the United States had granted Tehran for its 2015 nuclear deal with world powers, though Iran for now continues to abide by the accord that saw it limit its enrichment of uranium. The devil lies in the details on how much respite India and seven others have got from the U.S. to import Iranian oil . Hedge fund managers were net sellers of petroleum-linked futures and options for a fifth week running last week as concerns about sanctions on Iran ...
  • Secretary of State Pompeo defends waivers to Iran sanctions

    Secretary of State Pompeo defends waivers to Iran sanctions

    Economy

    On Sunday, hard-liners vented their rage at a new American president, Donald Trump , who pulled the United States out of the nuclear deal struck by his predecessor that the United Nations said Tehran still honours. 'We are in the economic war situation. "Iran is a much different country than it was when I took office", Trump said. The US is seeking to "alter" Iranian behavior with the sanctions, and has been leaking out a stream of 12 demands it wants to see Iran agree to in ...
  • Amazon offering free holiday shipping to everyone

    Amazon offering free holiday shipping to everyone

    Economy

    Amazon claims it will be rolling-out new offers "as often as every five minutes", meaning those who want to get their hands on the best deals will have to keep their eyes glued to the site throughout the 10-day sales extravaganza. While this is certainly a move by Amazon to compete with Target and Walmart , it doesn't match their offers. "With hundreds of millions of items available for free shipping to all Amazon customers and more than three million items available with Prime FREE ...
  • JAL pilot admits being almost 10 times over alcohol limit

    JAL pilot admits being almost 10 times over alcohol limit

    Economy

    Tests found the 42-year-old first officer had 189 milligrams of alcohol per 100 millilitres of blood in his system, nearly 10 times the 20mg limit for a pilot. When queried about his physical condition, the copilot reportedly said he felt a little sluggish. JAL executives told reporters that Jitsukawa cleared an in-house breath test but aroused the suspicion of a bus driver taking him to the plane from Heathrow airport on Sunday.
  • Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

    Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

    Economy

    Mr Xi said he was "very happy" to talk to Mr Trump again and that he puts "great importance [on] good relations with the president", according to Chinese state media. and China's state-owned Fujian Jinhua Integrated Circuit, from exporting any products created using USA trade secrets and blocking the further transfer of trade secrets.
  • Govt Sends Letters to RBI Invoking Section 7 of RBI Act

    Govt Sends Letters to RBI Invoking Section 7 of RBI Act

    Economy

    Amid instances of apparent differences between the government and the RBI , Acharya emphasised that undermining a central bank's independence is akin to committing a "self goal" for any government. There's no official confirmation, but a letter has reportedly been sent. The autonomy of the Reserve Bank of India (RBI) is "essential" and an accepted governance requirement, the government said on Wednesday in a rare statement issued amid reports of a rift with the central bank.
  • Trump not expected to come to MI before November 6 election

    Trump not expected to come to MI before November 6 election

    Economy

    In 2006, the Democrats pulled in 31 seats in the midterm elections and regained control of the House during President George W Bush's second term. If enough of those districts switch to Democrats, the Republican party could lose its super majority in the Legislature, meaning Republicans would be unable to override gubernatorial vetoes on a party-line vote.
  • U.s. growth remains strong, but the trade tensions weigh

    U.s. growth remains strong, but the trade tensions weigh

    Economy

    Economists estimate the widening trade gap chopped off nearly 2 percentage points from GDP growth in the third quarter, which would reverse the 1.22 percentage point contribution in the April-June period. This is published unedited from the PTI feed . Shares of Caterpillar Inc., an economic bellwether, tumbled this week after the maker of mining and construction equipment said manufacturing costs were higher due to rising material and freight costs.
  • Federal Reserve’s New Vice Chairman Cautiously Backs Further Rate Increases

    Federal Reserve’s New Vice Chairman Cautiously Backs Further Rate Increases

    Economy

    Federal Reserve Vice Chairman Richard Clarida, in his first major policy speech since being seated at the central bank, said more interest rate increases are likely warranted as the economy continues to gather strength. Presidents for more than two decades mainly avoided public comments on Fed policy as a way of demonstrating respect for the institution's independence in the hope that would ultimately mean lower rates and smoother economic expansions.
  • Powerball numbers drawn for $750M jackpot

    Powerball numbers drawn for $750M jackpot

    Economy

    It could be the fourth largest in United States lottery history and the game's third largest jackpot. "We're also buying a lottery ticket'". A victor who opted for cash would get $428.6 million. The victor or winners would also have a one-time cash option of $428.6 million - a prize that's still more than alright. The Virginia Lottery said in a statement that the chances of matching the first five numbers in Mega Millions are 1 in 12,607,306.
  • China and Japan forge historic pact on denuclearisation in Korean Peninsula

    China and Japan forge historic pact on denuclearisation in Korean Peninsula

    Economy

    Saying Japan welcomes and supports China's efforts in furthering opening-up, Abe expressed Japan's willingness to intensify exchanges with China to lay the social foundation to improve bilateral ties. This year marks the 40th anniversary of the signing of the China-Japan Treaty of Peace and Friendship. China now restricts the import of foods produced in 10 Japanese prefectures due to concerns about nuclear radiation after the Fukushima Daiichi nuclear disaster, which was initiated by the ...
  • May and Macron raise Khashoggi's murder in calls to Saudi King Salman

    May and Macron raise Khashoggi's murder in calls to Saudi King Salman

    Economy

    A statement published by the company on Thursday acknowledges the apparent murder of journalist Jamal Khashoggi at the Saudi consulate offices in Istanbul. Turkish authorities said Saudi Arabia has now granted police permission to search a well in the garden of the consulate where Khashoggi was killed, after Saudi Arabia had previously refused to allow a search.
  • Are OPEC And Its Allies Producing Too Much Oil?

    Are OPEC And Its Allies Producing Too Much Oil?

    Economy

    Brent crude oil, the global benchmark, has lost about $10 a barrel since hitting a four-year high of $86.74 on October 3, on signs of ample supply even as U.S. New US sanctions, targeting Iran's oil sector and banking, are to go into effect on November 4. On oil prices pressure Saudi promises of the Minister of energy to increase supplies on the world market, said analyst Nordea Denis Davydov.
  • China economic growth slowest since global financial crash

    China economic growth slowest since global financial crash

    Economy

    Investment in fixed assets, which includes spending on property construction and infrastructure, rose 5.4 percent in the nine months of this year, 0.6 percentage point lower than the first six months. Beijing tightened controls on lending a year ago to rein in a debt boom. Zhang Gang, a strategist at Central China Securities, said investors had been awaiting strong signals from the government but that more than words was needed.
  • Why hasn’t Jeff Bezos weighed in on Jamal Khashoggi?

    Why hasn’t Jeff Bezos weighed in on Jamal Khashoggi?

    Economy

    Meanwhile, Treasury Secretary Steve Mnuchin announced Thursday that he will not attend a previously scheduled Saudi investment conference. In an editorial headlined " Why is the Trump administration cleaning up Saudi Arabia's mess? ". "We continue to seek an interview with Crown Prince Mohammad bin Salman ". Only then, Pompeo said , "we can make decisions how or if the United States should respond".