• Honda adds to list of Japanese automakers to cut production in Britain
Honda adds to list of Japanese automakers to cut production in Britain

Announcing the move on Tuesday, Honda's CEO Takahiro Hachigo said the decision to end production was nothing to do with the UK's departure from the EU. "If the government had delivered a strong and stable Brexit that protected the economy and jobs , we may well have been in a very different position today".

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  • Dollar inches up after Fed minutes, trade issues back in view
Dollar inches up after Fed minutes, trade issues back in view

The affected ports also comprise only 1.8% of Australian coal exports. Why Australia has been singled out by China is another issue for debate. Most of Australia's coal to China arrives at ports in the country's south. "The amount of coal that is being blocked is the equivalent of two months" exports from Australia to China. China's Foreign M...

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  • Trump officials meet with Chinese Vice Premier to talk trade agreement
Trump officials meet with Chinese Vice Premier to talk trade agreement

With only eight days left in their trade truce, top U.S. and Chinese officials on Thursday returned to the daunting task of bridging a chasm between the world's two largest economies. China denies it engages in such practices. But the officials are still struggling on meeting each other's "core demands" that they were seeking to narrow.

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  • Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent
Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent

Kraft Heinz and other food makers that dominated grocery shelves for much of the post-World War II era have been whipsawed by a seismic shift in what consumers want. But said it did not expect that inquiry to be "material" to financial results. "We think the answer arguably came yesterday in the form of a $15 billion intangible asset write-down f...

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  • 12m bpd US crude output dips Oil Price
12m bpd US crude output dips Oil Price

WTI hit a fresh 2019 high of $57.61 earlier in the day. USA crude oil stocks rose by 1.3 million barrels in the week to Feb 15 to 448.5 million, the American Petroleum Institute's weekly report said on Wednesday. Brent crude futures at $67.18 per barrel, eight cents above their last close. The bank said that some weeks could see 4.6 million ...

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  • Tesla Model 3 reliability issues lead to downgrade by Consumer Reports
Tesla Model 3 reliability issues lead to downgrade by Consumer Reports

Last year, Consumer Reports witheld its recommendation of the higher-priced Tesla Model S sedan. In a statement to Reuters , Tesla noted that the earlier-than-expected deliveries "marked a significant milestone for the market", particularly as the company has been rather conservative about its timeframes for the Model 3's push into China...

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  • Southwest in
Southwest in "operational emergency" as dozens jets grounded

Dallas-based Southwest did not immediately respond to a request from The Dallas Morning News for comment. Contract negotiations between Southwest and its mechanics, represented by the Aircraft Mechanics Fraternal Association (AMFA), have been going on for several years and now involve a mediator.

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  • Japan’s Honda Confirms Plans to Close UK Car Plant in 2021
Japan’s Honda Confirms Plans to Close UK Car Plant in 2021

Similarly, Honda's decision to close its only British auto plant is not related to Brexit and is a product of global changes in the industry, the firm's Europe's boss said on Tuesday. Justin Tomlinson, a local lawmaker who voted for Brexit in 2016 told Reuters that "it is a reflection of the global market". The treaty makes it easier fo...

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  • Reliance group stocks drop after court order on RCom chairman
Reliance group stocks drop after court order on RCom chairman

RCom previously deposited more than 1 billion rupees with the court. The plea by Ericsson had sought that the court direct Ambani and the lenders forum to hand over the Rs 550 crore with interest from sale proceeds as per the October 23 order.

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  • Amazon's decision to ditch New York expansion plans leads to mixed reactions
Amazon's decision to ditch New York expansion plans leads to mixed reactions

But despite the questionable value of the deals to towns or cities, Jensen expects companies to keep asking for the breaks, and for most state and local governments to compete with one another to offer them. "I still think that tech will want to be here simply because the amount of human capital, the amount of talent in New York City is unsur...

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  • USA sanctions help India become No.1 buyer of Venezuelan crude
USA sanctions help India become No.1 buyer of Venezuelan crude

Oil has risen almost 25 percent so far this year and is on course for its strongest first-quarter performance since 2011, thanks largely to a commitment by the Organization of the Petroleum Exporting Countries and allies to cut output. Prior to this, International Olympic Committee and other state-owned oil firms bought crude oil from the USA on a ...

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  • Drunk woman's plane tantrum over toddler goes viral
Drunk woman's plane tantrum over toddler goes viral

Bye". Officers had to use a spit mask when dealing with the unruly passenger and had to cuff both her hands and feet. When a JetBlue employee tried to stop her from entering the plane, she hit the employee over the head. Videos of the incident was captured by other passengers, one of which posted it to Twitter . Gonzalez stands up at:58, sa...

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  • Payless shoe stores prepare to close
Payless shoe stores prepare to close

It said liquidation sales begin Sunday and the e-commerce operations will start "winding down". Payless ShoeSource filed for Chapter 11 bankruptcy in April 2017 and closed hundreds of stores as it attempted reorganize and shed debt. Maxx to grab deals on name-brand shoes. There is a Payless inside the Clearview Mall in Center Township. The ...

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  • China accuses US of trying to block its tech development
China accuses US of trying to block its tech development

The UK's National Cyber Security Centre has decided that if there is a risk in using Huawei equipment in our 5G networks , it can be managed. Tension and speculation concerning Ottawa's coming decision on 5G have been heightened by the December arrest of Huawei's chief financial officer, Meng Wanzhou, in Vancouver following a request fro...

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  • Vehicle manufacturing industry faces fresh blow with loss of Honda plant
Vehicle manufacturing industry faces fresh blow with loss of Honda plant

Sky News said that the announcement by Honda could come on Tuesday, and that the plant was scheduled to close in 2022. He also said a no-deal Brexit would hurt its competitiveness at the plant. Honda built just over 160,000 vehicles at the United Kingdom factory a year ago, roughly 10 percent of Britain's total output of 1.52 million cars.

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  • Payless Closing All Stores: Liquidation Sale Sunday
Payless Closing All Stores: Liquidation Sale Sunday

Although Payless was able to halve its debt, its efforts to find a buyer in the wake of the filing have so far proved unsuccessful. Following the shoes of Toys "R" Us , the store is seeing a decline in sales and, as a result, plans to file for bankruptcy for the second time in as many years .

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  • Retailer Payless ShoeSource set to shutter its USA stores
Retailer Payless ShoeSource set to shutter its USA stores

Heavily indebted store chains have been going under for two years, claiming once-iconic names like Toys "R" Us . Payless like so many other brick and mortar stores are being boxed out as more shoppers turn to online retailers like Amazon.

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  • Brent crude hits 2019 high above $65, buoyed by output cuts
Brent crude hits 2019 high above $65, buoyed by output cuts

WTI crude oil prices have seen increases since closing at $52.41 per barrel in the last week. Looming over oil markets in the near term, meanwhile, is the rise in US crude oil production of more than 2 million bpd in 2018, to a record 11.9 million bpd - with signs that USA output will rise further.

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  • JP Morgan launches bank-backed cryptocurrency
JP Morgan launches bank-backed cryptocurrency

It will be launched in a test mode in the coming months. A breaking story from JP Morgan alleges that the bank is now launching the first U.S. bank-backed cryptocurrency . The first of these is worldwide payments for sizable corporate clients . The coin is going to get worked on by engineers in the bank and its development won't be outsourc...

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  • Trump weighs extending China tariff deadline by 60 days
Trump weighs extending China tariff deadline by 60 days

He said in December that the 90-day truce could be extended, but that he could revert to tariffs if differences could not be resolved. Without knowing exactly how the Chinese government finances industries and state-run companies, any reform promises would be hard to enforce, said the sources, speaking on condition of anonymity because the nego...

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