• Tesla gets $520 mn funding for first Chinese plant
Tesla gets $520 mn funding for first Chinese plant

The fresh borrowing follows Tesla's largest-ever debt payment last week . NIO , vying to be China's answer to Tesla Inc , said that deliveries of its ES8 SUV tumbled more than expected last month. It is more evidence of deteriorating demand in the world's largest auto market, which past year contracted for the first time in two decades as th...

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  • Trade deal with China only if it is good for US
Trade deal with China only if it is good for US

Beijing and Washington have been locked in a bruising trade war since past year, imposing tit-for-tat tariffs on more than $360 billion in two-way trade, which has left global markets reeling. Earlier on Friday, White House trade adviser Clete Willems the two countries had made progress in talks but that there was still much more left to be done...

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  • USA wages rise by most in decade even as hiring tumbles
USA wages rise by most in decade even as hiring tumbles

From 2009 to 2018, the state's economy added a total of more than 1.16 million private sector jobs . Some economists believed the government shutdown that lasted from December to late January would result in negative jobs numbers due to the number of federal government employees that were furloughed when employment data was measured....

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  • European Central Bank Cuts Europe’s Growth Forecast; Announces More Stimulus
European Central Bank Cuts Europe’s Growth Forecast; Announces More Stimulus

Officials said they'll freeze the interest rate this year while also offering banks cheaper loans to prompt more lending to businesses. The sentiment in Asian markets was negative on Friday morning before trading began, after Thursday saw European Central Bank (ECB) Chief Mario Draghi announce a U-turn on monetary easing , reflecting growing u...

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  • Nissan ex-chair Carlos Ghosn says he is innocent, ready for defense
Nissan ex-chair Carlos Ghosn says he is innocent, ready for defense

The Tokyo District Court set bail at one billion yen - just under nine million US dollars - after a request last week by Ghosn's newly appointed legal team. That means prosecutors could effectively prevent Mr. Ghosn from leaving detention despite Tuesday's bail decision if they level new allegations against him, restarting the 22-day detention ...

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  • Mark Zuckerberg's privacy blogpost: what he said and what he didn't
Mark Zuckerberg's privacy blogpost: what he said and what he didn't

Once Facebook makes messaging across its apps more secure, it plans to "build more ways for people to interact on top of that, including calls , video chats, groups, stories , businesses, payments, commerce and, ultimately, a platform for many other kinds of private services", Zuckerberg wrote .

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  • Gerry Butts just showed Canadians his two greatest gifts-sincerity and spin
Gerry Butts just showed Canadians his two greatest gifts-sincerity and spin

In her latest comments, Wilson-Raybould pointed to the limits of her solicitor-client privelege and how she was limited to speaking only about what occurred during her time as Attorney General. Trudeau will take questions about the matter at an 8 a.m. (1300 GMT) news conference in Ottawa on Thursday. His statement could come as early as tonight, bu...

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  • Elizabeth Warren Praised for Plan to Break Up Tech Giants
Elizabeth Warren Praised for Plan to Break Up Tech Giants

Federal regulators, state attorneys general or injured private parties would also be able to sue platform utilities who violate such requirements. This part of Warren's plan would require Amazon Basics-a line of products made by Amazon-to be separated from the Amazon Marketplace.

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  • Tesla blames misprinted label for China customs hiccup
Tesla blames misprinted label for China customs hiccup

It said the Model 3 cars were stopped because they did not have Chinese language-warning signs and had missing or incorrect nameplate labels. The electric vehicle (EV) maker is now working with the Chinese government to find a solution to the customs clearance procedures and the issues with labeling, Caixin reported.

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  • China Cuts Taxes, Sets Lower GDP Target For 2019
China Cuts Taxes, Sets Lower GDP Target For 2019

Every year, China's premier delivers a Work Report at the Two Sessions meetings, which acts as a policy agenda for the coming year. To help shore up the economy, Li said China's fiscal policy will become "more forceful", with the government pencilling in cuts of almost 2 trillion yuan (US$298.31 billion) in taxes and fees for companies.

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  • Guaido asks state workers for support in push to oust Maduro
Guaido asks state workers for support in push to oust Maduro

The United States is considering imposing sanctions on third country actors in response to the Venezuelan crisis, US Special Representative for Venezuela Elliott Abrams said during a press conference. The socialist government had kept unusually silent since Guaido landed, with no top officials commenting until Maduro spoke at the ceremony, held...

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  • Dollar Tree to close as many as 390 Family Dollar stores
Dollar Tree to close as many as 390 Family Dollar stores

Additionally, Dollar Tree says it plans to install adult beverages in approximately 1,000 stores and expand freezers and coolers in approximately 400 stores. Dollar Tree's stock price jumped from $95.14 per share to $97.68 on March 6 after news of the store closures broke. More changes are expected for the discount retailer Family Dollar.

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  • Charlotte Russe closing all stores; liquidation sales start Thursday
Charlotte Russe closing all stores; liquidation sales start Thursday

Charlotte Russe has stores in 49 states and Puerto Rico. Payless ShoeSource was able to emerge from bankruptcy, but recently announced it would still close all USA stores. Founded in 1975 in San Diego, Charlotte Russe was purchased by private equity firm Advent International for $380 million in 2009. Last month, the retailer said it would cl...

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  • Trump calls Apple CEO Time Cook - ‘Tim Apple’
Trump calls Apple CEO Time Cook - ‘Tim Apple’

This didn't succeed in changing the minds of countless people who were convinced Trump slipped up while talking about the Apple CEO, who came out publicly in 2014 . While this predictably brought scorn from the media, it's something we can all welcome wholeheartedly. Sure, the President is required to memorise a lot of names but doesn't warran...

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  • New Tesla Supercharger can give 1000 miles of charge per hour
New Tesla Supercharger can give 1000 miles of charge per hour

Through that system and the V3 Superchargers, Tesla estimates that a typical charging time at one of the units will drop to 15 minutes. Supercharging V3 isn't as quick as CEO Elon Musk suggested when he called the 350 kw peak of CCS charging at the time "a children's toy".

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  • USA trade deficit hits 10-year high as Trump trade wars backfire
USA trade deficit hits 10-year high as Trump trade wars backfire

Adjusted for inflation, December was the highest imbalance of trade goods in US history. The world's two largest economies are moving closer to a final agreement that could end their nearly year-long trade war , an outcome that would also provide a boost to his efforts to seek reelection in 2020.

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  • Meng Wanzhou’s extradition case raises ‘serious concerns,’ defence lawyer says
Meng Wanzhou’s extradition case raises ‘serious concerns,’ defence lawyer says

Huawei has confirmed it will launch a lawsuit against the United States government over its decision to ban the Chinese telco from government contracts. If a judge decides Huawei has a plausible claim the case will proceed to the discovery phase, in which internal documents are shared and US government officials could be forced to provide testimo...

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  • Missing Indian-Origin Dentist's Body Found Stuffed Inside Suitcase In Sydney
Missing Indian-Origin Dentist's Body Found Stuffed Inside Suitcase In Sydney

She added: "Preethi was a bright light; lovable, kind and protective of all whom were lucky enough to have been loved and cared for by her". She last spoke with her family about 11am later that morning, saying she planned to head home after having a late breakfast, police said.

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  • Bugatti La Voiture Noire revealed as most expensive new vehicle ever
Bugatti La Voiture Noire revealed as most expensive new vehicle ever

The Type 57 SC Atlantic is seen as the most famous work of Jean Bugatti, the son of the company's founder, Ettore Bugatti. While the buyer has not been made public, NBC reports that industry sources believe it was scooped up by Volkswagen Group Chairman Ferdinand Piech .

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  • JPMorgan nabs lucrative stabilization role in Lyft IPO
JPMorgan nabs lucrative stabilization role in Lyft IPO

Lyft's revenue has grown exponentially, from just $343 million in 2016 to $2.2 billion in 2018, but so have its losses. The company had 30.7 million riders and 1.9 million drivers in more than 300 US and Canadian cities a year ago. According to information from the Silicon Valley branch service The Information, Lyft aims at revenue of one to thre...

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