Tesla asked suppliers for money back to boost profitability

In a memo sent to several suppliers requesting money back, Tesla said the cash back would be necessary for Tesla's "continued operation" and that it was an investment in "long-term growth ". At the same time, and through the second and third quarters... More..

by | Published more than a month ago
Uber suspends driver who streamed videos of passengers online without their permission
by | Monday, July 23, 2018

Uber suspends driver who streamed videos of passengers online without their permission

Hundreds of Uber and Lyft rides have been broadcast live on Twitch by driver Jason Gargac this year, St. Louis Post-Dispatch reported Saturday, all of them without the passengers' permission. Gargac, who go...More..

Elon Musk settles bizarre fight over a farting unicorn
by | Monday, July 23, 2018

Elon Musk settles bizarre fight over a farting unicorn

In posts that he later deleted, Musk referred to the man as a paedophile. It went on to appear as an icon in Tesla's operating system and even in a Christmas message to customers. He did not want a big lega...More..

Donald Trump 'ready' to impose tariffs on all Chinese goods
by | Monday, July 23, 2018

Donald Trump 'ready' to impose tariffs on all Chinese goods

Trump's comments came shortly after CNBC aired an interview with the president in which he bashed the Fed's planned rate hikes . "I don't want them to be scared". "Our currency is going up", Trump said. "...More..

by | Monday, July 23, 2018

G-20 leaders: We need to ‘step up dialogue’ on trade

Mr Trump, who frequently criticises Europe's 10 per cent vehicle tariffs, is also studying adding a 25 per cent levy on automotive imports, which would hit both Europe and Japan hard. He said France will not ne...More..

Saudis second-guess decision to boost oil output under U.S. pressure
by | Monday, July 23, 2018

Saudis second-guess decision to boost oil output under U.S. pressure

Russian Federation said, that if the oil market needs more oil, the OPEC + coalition will be able to quickly discuss it all together and make all necessary decisions, as OPEC + has all needed tools. Perhaps t...More..

Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing
by | Monday, July 23, 2018

Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing

Lottery players in Kansas have an opportunity to win over a half billion dollars in jackpot prizes this weekend. Tuesday's jackpot ranks as the fifth-largest in Mega Millions history. This year, 20-year-old S...More..

Ritz Cracker products containing cheese recalled over Salmonella fears
by | Monday, July 23, 2018

Ritz Cracker products containing cheese recalled over Salmonella fears

However, consumers should discard any of these products they may have, the company said. Mondelez said the supplier of whey powder for its crackers recalled the ingredients due to the potential presence of th...More..

‘Ready to tax all Chinese imports’
by | Monday, July 23, 2018

‘Ready to tax all Chinese imports’

The S&P 500 index was virtually flat for the week while the Russell 2000 index, which is made up of smaller companies that do more business inside the US, rose 0.6 percent. Fears are growing over a fierce globa...More..

BA emergency landing forces London Gatwick runway closure
by | Sunday, July 22, 2018

BA emergency landing forces London Gatwick runway closure

No one was injured and passengers were able to disembark a short time later, while other planes were diverted to the airport's standby runway. Eight flights had to be diverted - two from Thomas Cook, one Thom...More..

by | Sunday, July 22, 2018

Ritz Cracker Products Recalled Due To Potential Salmonella Presence

The company says the recalled products contain whey powder as an ingredient that the supplier recalled due to the potential presence of the microorganism. The recall only affects products sold in eastern Canada...More..

Data analytical firm Crimson Hexagon has its Facebook and Instagram accounts suspended
by | Sunday, July 22, 2018

Data analytical firm Crimson Hexagon has its Facebook and Instagram accounts suspended

The social networking giant acknowledged Friday it's temporarily suspending Crimson Hexagon - which boasts a repository of more than 1 trillion public social media posts - from being able to tap Facebook an...More..

Germany forces 1,050 Tesla owners to forgo electric car bonus
by | Sunday, July 22, 2018

Germany forces 1,050 Tesla owners to forgo electric car bonus

The federal office for economic affairs and export control said only vehicles costing €60,000 or less qualified for Germany's "environmental bonus", meant to encourage the purchase of electric cars. The reason ...More..

Needham Foresees More Tesla Cancellations
by | Sunday, July 22, 2018

Needham Foresees More Tesla Cancellations

Refunds now outpace deposits for Tesla's new mass-market electric auto, according to Needham & Co. analyst Rajvindra Gill. Gill added that Tesla ( tsla ) has a refund rate of 12% in August 2017. Prior to Gi...More..

Airline strike hits 600 flights, 100,000 passengers
by | Sunday, July 22, 2018

Airline strike hits 600 flights, 100,000 passengers

The strikes coincide with the beginning of the United Kingdom school summer break and follows previous strike action by Ryanair's Irish-based pilots. "All affected customers have been contacted by email and...More..

Brexit minister says European Union payoff dead without trade deal
by | Sunday, July 22, 2018

Brexit minister says European Union payoff dead without trade deal

Barnier again warned, however, that without an agreement on the Irish border there will be no Brexit divorce agreement and no transition period. The "backstop" is a contingency plan Britain the the Europea...More..

by | Sunday, July 22, 2018

What is a currency war and could Trump trigger one?

Losses over the past three months have reached almost 8% amid a global trade spat and concerns over an economic slowdown in China. China accused American officials of making false accusations Thursday as it f...More..

Kiwi firm's four day work week
by | Sunday, July 22, 2018

Kiwi firm's four day work week

Meanwhile the cereal giant Kellogg's is into its 15th year of "summer hours", an ingenious scheme that allows office-based staff to knock off at lunchtime on Fridays in July and August. The company works longer...More..

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

Cadbury to launch new Dairy Milk bar with 30% less sugar

But the low-sugar version won't actually go on sale until next summer while the firm works out how to produce it on a mass scale. Mondelēz claims that the new recipe is "the most significant innovation in...More..

Amazon Prime Day 2018 was largest in history
by | Sunday, July 22, 2018

Amazon Prime Day 2018 was largest in history

Mobile surpassed browser shopping . What are Prime Day deals? Only 1% of shoppers said they used Alexa to place an order. People shopped at work . Amazon Prime Day's website issues produced a "halo effec...More..

Illness forces Marchionne out of Ferrari
by | Sunday, July 22, 2018

Illness forces Marchionne out of Ferrari

My first thoughts go to Sergio and his family", says Elkann. But on Saturday the luxury carmaker said it had appointed board member Louis Camilleri as its new CEO, replacing Marchionne. Marchionne has oversee...More..

by | Saturday, July 21, 2018

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

Ferrari announced that Louis Camilleri, an Egyptian-board Maltese and longtime executive at Philip Morris International, the tobacco company, was chosen to be replace Marchionne as CEO of the sports auto maker....More..

Burberry burned €32m of unsold products 'to protect brand'
by | Saturday, July 21, 2018

Burberry burned €32m of unsold products 'to protect brand'

Burberry , which is valued at $9.6 billion by Forbes , said it took the issue of waste "extremely seriously" and that it uses special incinerators to harness the energy. Counterfeiters, Malone added, were "sti...More..

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

McDonald’s giving away free french fries every Friday for rest of 2018

Once you have the coupon you have to make a purchase of at least one dollar. This deal is very real. The company says everyone who downloads the McDonald's app on their phone and registers is eligible for the...More..

After year-long protest, sanitary napkins exempted from GST
by | Saturday, July 21, 2018

After year-long protest, sanitary napkins exempted from GST

With regard to cancellation of GST registration, Goyal said the traders's ID number will be suspended the day he applies for cancellation. These items include refrigerators, washing machines, vacuum cleaners,...More..

Trump adviser Kudlow optimistic that boom times will continue
by | Saturday, July 21, 2018

Trump adviser Kudlow optimistic that boom times will continue

Kudlow's remarks, delivered at the CNBC Institutional Investor Delivering Alpha Conference, come as many from Wall Street to Washington have said the economic recovery - in its ninth year - is long in the...More..

by | Saturday, July 21, 2018

Chinese yuan defies Trump comments, continues slide

Mr Trump complained that the U.S. was "being taken advantage of" on a number of fronts, including trade and monetary policy. "The United States should not be penalised because we are doing so well". "Over two y...More..

The orders keep flowing at the Farnborough Air Show
by | Saturday, July 21, 2018

The orders keep flowing at the Farnborough Air Show

In total, ALC has now placed orders and commitments for 361 Boeing airplanes since 2010, including 288 737s, 21 777s and 52 787 Dreamliners. But the list was heavily overshadowed by deals where the names ...More..

Oil prices extend gains, buoyed by unexpected drop in USA gasoline stocks
by | Saturday, July 21, 2018

Oil prices extend gains, buoyed by unexpected drop in USA gasoline stocks

If that happens, Chinese demand would then shift to other suppliers driving oil/fuel prices further up (China is expected to import around 400,000 bpd from the U.S.in July). US looking at reserve as spare capac...More..

More than 50,000 jobs were created in Australia in June | Leadership
by | Saturday, July 21, 2018

More than 50,000 jobs were created in Australia in June | Leadership

South Australia's jobless rate has fallen to its lowest level in nearly six years. The bank is widely expected to keep its benchmark lending rate steady at 5.25 percent. More than half of the jobs were create...More..