• US crude oil inventories lower barely
US crude oil inventories lower barely

The bank now expects Brent to average $61 a barrel this year, down from a previous estimate of $69, and USA crude to average $54, against a prior forecast of $60. Some of these importers (notably South Korea and Japan) reduced their Iranian oil imports to zero ahead of the sanctions' entry into effect. Production may decline by about 350,000 barrel...

Read more

  • Ghosn received $9 million improperly from Nissan-Mitsubishi JV - companies
Ghosn received $9 million improperly from Nissan-Mitsubishi JV - companies

Former Nissan boss Carlos Ghosn received almost eight million euros in "improper payments" from a Netherlands-based joint venture, the Japanese vehicle giant alleged Friday , threatening to sue to recover the funds. Both Mitsubishi and Nissan said they would consider ways to recover the amount from Ghosn, while Mitsubishi lawyer Kei Umebayashi s...

Read more

  • Furloughed? What to know about collecting unemployment
Furloughed? What to know about collecting unemployment

The Kansas Department of Labor is recommending that federal employees who are furloughed because of the partial government shutdown should apply for unemployment benefits. Leon said Tuesday that although workers are not being paid at the moment, they will receive back pay after the shutdown ends. "We're concerned. It's frustrating, it's conce...

Read more

  • Burger King Epicly Roasts Trump's
Burger King Epicly Roasts Trump's "Hamberders" Tweet

The Clemson Tigers football team thoroughly dominated Alabama in the national championship game and were rewarded on Monday night in the nation's capital with a spread of only the finest fast food offerings this great country has to offer .

Read more

  • NAIAS: Cadillac gives preview of EV crossover concept
NAIAS: Cadillac gives preview of EV crossover concept

GM previously announced that Cadillac would be its lead brand for electric vehicle , and now we are getting images in the form of teasers for the automakers first planned electric vehicle. " Cadillac will be the tip of the corporate spear on [electric vehicles]", said GM president Mark Reuss . The new design will compete directly with Tesla'...

Read more

  • China's Huawei reportedly targeted in USA criminal investigation
China's Huawei reportedly targeted in USA criminal investigation

US lawmakers have also banded together to ban chip sales to Huawei, ZTE, and other mainland companies to over sanctions violations. Instead, President Trump eventually signed narrower legislation that bans the United States government from using equipment from Huawei or ZTE.

Read more

  • UK PM must 'ditch red lines', rule out no-deal Brexit: Corbyn
UK PM must 'ditch red lines', rule out no-deal Brexit: Corbyn

Other opposition parties wrote to Corbyn after the confidence vote to demand he now back a second referendum , which Labour has agreed should be considered if it can not force an election. To clapping from the floor, he added: "If the Government remains intransigent, if support for Labour's alternative is blocked for party advantage and the coun...

Read more

  • GOP dismiss suggestion that State of Union be postponed
GOP dismiss suggestion that State of Union be postponed

Seven Democratic lawmakers were in a bipartisan group that went to the White House on Wednesday to explore a solution. Pelosi said , "Sadly, given the security concerns and unless government re-opens this week, I suggest that we work together to determine another suitable date after government has re-opened for this address or for you to consi...

Read more

  • China's modernized military could threaten Taiwan, U.S. report says
China's modernized military could threaten Taiwan, U.S. report says

Taiwan is listed as one of China's most prominent perceived threats to national stability. China has spent increasingly more money each year for more than a decade - including some $200 billion in 2018 - to modernize its weaponry and professionalize its People's Liberation Army, which has roughly 2 million troops, Defense Intelligence Agency of...

Read more

  • NBS: China's imports of Cu concs surge 14% in 2018
NBS: China's imports of Cu concs surge 14% in 2018

Chinese officials said the next round of negotiations would be held in Washington between January 30 and 31. "We're doing very well with China", Trump told reporters at the White House. China's foreign trade rose 9.7 percent year-on-year to a historic high of 30.51 trillion yuan (about 4.5 trillion US dollars) in 2018. United States offic...

Read more

  • US in criminal probe of China's Huawei
US in criminal probe of China's Huawei

The US justice department (DoJ) was, according to the Wall Street Journal which cited anonymous sources, in the "advanced" stages of a criminal inquiry that could result in an indictment of Huawei . The allegations are reportedly related to a 2014 lawsuit between China's Huawei and T-Mobile. The company was found to have violated USA law in 20...

Read more

  • Britain's May says she will respond quickly after key Brexit vote
Britain's May says she will respond quickly after key Brexit vote

But it appears unlikely that Labour can muster enough votes to force a general election , with Tory rebels and the DUP indicating they would continue to back the Government in a confidence vote. After this morning's vote Mrs May told MPs it was her duty to deliver on Brexit. "Politicians need to resist the temptation to cobble together a Westmin...

Read more

  • American Hero Banned From Walmart for Best Reason Ever
American Hero Banned From Walmart for Best Reason Ever

According to a Wichita Falls Times Record News report, the incident occurred outside a Walmart in Wichita Falls, Texas on Friday, Jan. 11. The police arrived at the store at 9 a.m. Many locals on a Facebook forum enjoyed reading about the woman's antics, and insisted that she had not done any harm. Police arrived on the scene after 9am, a...

Read more

  • Hyundai wins top 2 awards at Detroit Auto Show
Hyundai wins top 2 awards at Detroit Auto Show

The jury, made up of auto writers from outlets in the United States and Canada, started the selection process last June. The announcements are expected Monday morning at Detroit's Cobo Center. Shopping for a new auto? "Ram continues to lead the way in making a big truck double as a big family pleaser with as much attention paid to interior co...

Read more

  • 79 jobs at risk as M&S announces plans to close Parkgate store
79 jobs at risk as M&S announces plans to close Parkgate store

More than 1,000 jobs at Marks & Spencer are at risk as the retailer announced its latest round of store closures as part of a drastic transformation plan. No closures are planned in our region although the store in Felixstowe, Suffolk, will close. M&S has today announced that it is consulting with 57 colleagues on the proposed closure of its B...

Read more

  • European Union expresses horror at Brexit vote but refuses to reopen deal
European Union expresses horror at Brexit vote but refuses to reopen deal

But analysis of polling released by the Best for Britain campaign for a second referendum suggested that around 60% of voters - including majorities in every region of the country - want a public vote if Parliament proves unable to decide on a Brexit deal .

Read more

  • Galway based Supermacs win their trademark case against fast food Giant McDonalds
Galway based Supermacs win their trademark case against fast food Giant McDonalds

EUIPO has now said that McDonald's has not proven genuine use of the Big Mac trademark for any of the goods and services for which it was registered. "We intend to appeal the decision and are confident it will be overturned by the EUIPO Board of Appeals", they said. The ruling can be appealed all the way to the EU's highest court in Luxembourg,...

Read more

  • Huawei founder breaks years of silence amid U.S. attacks
Huawei founder breaks years of silence amid U.S. attacks

However, a Huawei sales executive was arrested in Poland last week on grounds of spying for China and was sacked by the weekend. Ren is fighting a two-pronged war of words at the moment as some western countries have begun banning the acquisition of Huawei products for government use and his own daughter is being detained in Canada at the beh...

Read more

  • Volkswagen, Ford confirm alliance to build vans, commercial vehicles
Volkswagen, Ford confirm alliance to build vans, commercial vehicles

The press conference, which is being called an industry announcement, is scheduled for 8:30 a.m. Tuesday. They also haven't ruled out further ties. The partnership will help cut development costs and optimise factory capacity, Volkswagen said .

Read more

  • President Trump says solution to shutdown impasse ‘so simple’
President Trump says solution to shutdown impasse ‘so simple’

The Senate and House were both due to be on recess next week with members going back to their home districts, but leaders in both chambers have said that break will be canceled if the shutdown is still in effect. Republican Rep. Rodney Davis of IL says that "if you don't show up at the table, how are we ever going to come to a solution?" "I h...

Read more