Money

Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention Ghosn and Nissan were indicted on December 10 for underreporting the executive's income by tens of millions of dollars. Nissan has put off a decision on Ghosn's replacement. His arrest came after a monthslong investigation by Nissan into his conduct and compensation that was largely kept from its French partner. Sources familiar with the matter say Nissan has briefed Renault lawyers on its finding... [Full Article...]

Federal Reserve raises interest rates, signals fewer hikes ahead

Federal Reserve raises interest rates, signals fewer hikes ahead The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed's benchmark rate to its highest point since 2008. The Federal Open Markets Committee had already ordered three previous rate hikes this year, despite escalating pressure from the president. [Full Article...]

Amazon: Alexa 'Error' Granted Man Access to Another User's Voice Recordings

Amazon: Alexa 'Error' Granted Man Access to Another User's Voice Recordings The Amazon customer wanted to listen to recordings of his own interactions with the smart speaker , at which point he discovered he was also able to access 1,700 audio files belonging to someone else. It's not an Alexa bug, but "a human error" made by the company, Reuters explains . "We have resolved the issue with the two customers involved and have taken steps to further improve our processes... [Full Article...]

Tokyo court won't extend Ghosn's detention, may release soon

Tokyo court won't extend Ghosn's detention, may release soon The court also denied the detention extension request for Greg Kelly, a former representative board member of Nissan. Ghosn's lawyers said they plan to apply for bail, and that the vehicle titan could be out as soon as Friday if the request is approved. [Full Article...]

The Last Key Death Cross Is Poised to Engulf the Stock Market

The Last Key Death Cross Is Poised to Engulf the Stock Market Exxon Mobil fell 2.7%, Chevron lost 2.4% and ConocoPhillips dropped 1.9% as the USA and Russian Federation continue to pump at record levels ahead of planned output cuts by the Organization of the Petroleum Exporting Countries and its allies. [Full Article...]

Won’t let USA see missile at heart of nuclear dispute, says Russian Federation

Won’t let USA see missile at heart of nuclear dispute, says Russian Federation He added that Russian Federation has not yet observed signs of an American withdrawal from Syria. Washington has invited the Russian leader to visit in 2019, but such a visit could prove controversial because U.S. "We are witnessing the breakup of the arms control system", Putin said, noting the United States plan to opt out of the INF Treaty and its reluctance to negotiate the extension of ... [Full Article...]

Sanctions lifted on Deripaska's companies

Sanctions lifted on Deripaska's companies The US Department of Treasury announced today (Dec. 19) that it is planning to lift sanctions imposed on three Russian companies controlled by a Russian oligarch who's come up in the special counsel investigation into Russian meddling in the 2016 presidential election. [Full Article...]

European Union warns of transport delays, border checks, with no-deal Brexit

European Union warns of transport delays, border checks, with no-deal Brexit Universities Scotland director Alastair Sim said he was "concerned that United Kingdom immigration policy post-Brexit will make it more hard to attract talent to our nation". The British government has set out its biggest reform of immigration policy for more than 40 years as it prepares for a post-Brexit relationship with the rest of the world. [Full Article...]

McConnell Introduces Temporary Spending Bill To Avert Government Shutdown

McConnell Introduces Temporary Spending Bill To Avert Government Shutdown Nita Lowey, a Democrat from NY who in 2019 will chair the House appropriations committee, which writes government funding legislation. Complicating matters for Republicans is that a number of House and Senate members are not in town, making it even more hard to the find the votes to act on any new, substantive legislation. [Full Article...]

Maker of Budweiser is partnering with medical cannabis company Tilray

Maker of Budweiser is partnering with medical cannabis company Tilray Earlier this year, Molson Coors formed a joint venture with Quebec cannabis company Hexo, a recreational cannabis "sister brand" to The Hydropothecary, a licensed producer and distributor of medical cannabis. The regulations say cannabis-infused alcoholic products would not be permitted in Canada, except where the alcohol content is minimal, such as in tinctures meant to be consumed a few drops ... [Full Article...]

Three more held after two Scandinavian tourists killed in 'act of terror'

Three more held after two Scandinavian tourists killed in 'act of terror' The bodies of Louisa Vesterager Jespersen, 24, and Maren Ueland, 28, from Denmark and Norway , respectively, were discovered in the Atlas Mountains on Monday. Under the initiative, if one of the four social media giants removes a piece of content from its platform that has violated its terrorism policy, then the content's unique "hash" or "fingerprint" will enter the shared database. [Full Article...]

GoFundMe for President Trump's border wall raises millions in days

GoFundMe for President Trump's border wall raises millions in days In the page update, Kolfage noted that he has petitioned GoFundMe to raise the maximum amount in order to raise the goal amount. Over two years of funding disappointments for Trump's signature campaign promise has left voters desperately trying to pick up the tab Mexico wouldn't, while Trump turns to making ultimatums. [Full Article...]

Facebook Let Spotify, Netflix Read Your Messages

Facebook Let Spotify, Netflix Read Your Messages Spotify was another company, according to the report , that was able to read, write or delete users' private Facebook Messenger messages and see the identities of those participating within the chat. Microsoft, Netflix, and Amazon in separate statements denied accessing the private messages of Facebook members. Compelling features often require access to more information than people expect, and w... [Full Article...]

Boeing delivers first 737s from new China plant

Boeing delivers first 737s from new China plant Meanwhile, China is set to surpass the U.S.as the world's largest air travel market by 2022, according to the International Air Transport Association. "Long term, I'm optimistic we will work our way through this", says Boeing China president John Bruns on the trade issue. US -made aircraft have so far escaped Beijing's tariffs. [Full Article...]

Nio will release powerful SUV on electricity

Nio will release powerful SUV on electricity Nio, the Chinese electric auto company that has previously launched its EP9supercar and ES8 luxury SUV, has added a third model to its lineup. The base ES6 - a Standard version with a 70-kWh battery - offers 255 miles. The company recently went public in the U.S., selling 160 million shares at a price of $6.26. In 2019, NIO also plans to fully upgrade the three service systems: NIO House , NI... [Full Article...]

Windfall for voters amid budget surplus

Windfall for voters amid budget surplus After promising a budget in surplus in November, the Australian Liberal government has confirmed the budget is expected to reach a surplus of $4.1 billion next year. The rate of real spending growth under the Coalition is averaging 1.9% according to the Liberal government, with net debt expected to drop each year falling from 18.2% GDP in 2018-19 to 1.5% in 2028-29. [Full Article...]

Man tried to pay for McDonald's with bag of weed

Man tried to pay for McDonald's with bag of weed The officer reported smelling weed coming from the vehicle, with Gallagher allegedly found to be carrying 11 grams of the drug. A stoner was arrested for trying to pay for a McDonald's meal with weed, police say. The vehicle was described as "excessively dirty" and littered with french fries, chicken nuggets and moldy chicken wings. An employee refused his offer to exchange a baggie of marijua... [Full Article...]

Oil slumps to fresh one-year lows in markets rout

Oil slumps to fresh one-year lows in markets rout Oil prices fell more than 3 per cent in morning trading amid ongoing worries about supplies and a slowdown in global growth. The market turned its attention to the building oversupply with the increased production at OPEC's Arab Gulf allies and Russian Federation. [Full Article...]

Kitchener to get 2 more GO trains for commute to Toronto

Kitchener to get 2 more GO trains for commute to Toronto Yurek said this is the first step in getting all-day service as far as Guelph. The existing trip that now leaves Union Station at 3:35 p.m. and ends at Georgetown GO Station will extend to Kitchener GO Station, stopping at Acton and Guelph GO stations before arriving in Kitchener at 5:43 p.m. [Full Article...]

Fed likely to raise rates in December

Fed likely to raise rates in December A slowing economy - or a recession - could damage Trump's re-election efforts in 2020. Cheaper valuations, the U.S. The main doubt as to whether it will raise rates relates to the weakness in the stock market , with the Dow Jones industrial average notching up a 500-point fall this week. [Full Article...]


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