• Honda closure 'impact' for up to 12 Welsh suppliers
Honda closure 'impact' for up to 12 Welsh suppliers

Honda stopped building the Accord in Swindon in 2002, it ended Jazz production in 2014, and the last CR-V rolled off the assembly line in 2018. Swindon now produces 150,000 cars per year, and employs approximately 3,500 people. If Honda says it is shutting the factory, it will be one of several automakers reassessing their presence in the U...

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  • Alexandria Ocasio-Cortez Declares Victory after Amazon Yanks HQ2 from New York
Alexandria Ocasio-Cortez Declares Victory after Amazon Yanks HQ2 from New York

Local union leaders had organized protests against the company and have accused it of anti-union behavior. However, recent politics in the state board ensured that any such decision wouldn't go easy. The Retail, Wholesale and Department Store Union called out Amazon's actions as irresponsible. A television report showed people unfurling signs s...

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  • China trade talks resume this week in Beijing
China trade talks resume this week in Beijing

In December, Washington suspended for three months its plan to increase tariffs on $200 billion worth of Chinese imports - to 25 percent from the current 10 percent - to allow time for negotiators to work out a trade spat that has triggered fears of a global economic slowdown.

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  • Prime Minister calls on MPs to ‘hold their nerve’ on Brexit
Prime Minister calls on MPs to ‘hold their nerve’ on Brexit

They won't be using up their energy this week on votes that might not get anywhere. One member of the government told me on Tuesday: "They have to realise that is it - and if no senior member of the cabinet is willing to do it, then we're heading for that bad choice".

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  • Canadian minister quits as political crisis deepens for Trudeau
Canadian minister quits as political crisis deepens for Trudeau

For the details of Trudeau's involvement in tampering with the SNC-Lavalin case, however, all Scheer has to go on is an anonymously-sourced report in the Globe and Mail . "Yesterday, he said that her presence (in cabinet) speaks for itself". In her resignation letter she alludes to the controversy and said she is looking to determine what she ca...

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  • Senate to vote on Alexandria Ocasio-Cortez's Green New Deal
Senate to vote on Alexandria Ocasio-Cortez's Green New Deal

Trump compared the Green New Deal is now at a campaign appearance in Texas El Paso with a "high-school-of-semester work to get a bad grade". The document calls for zeroing out emissions by generating as close to 100 percent of the nation's electricity as possible from renewables over the next decade, and ramping up manufacturing of clean-energy...

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  • Trump May Soon Ban Chinese Equipment In US Network
Trump May Soon Ban Chinese Equipment In US Network

Huawei has suggested that European Union supervisors oversee the company's cybersecurity practices in order to help convince the western world that it is not helping the Chinese government spy on other countries. "Were Huawei ever to engage in malicious behavior, it would not go unnoticed - and it would certainly destroy our business". "We're mak...

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  • US oil prices dip on rising crude inventories, record output
US oil prices dip on rising crude inventories, record output

Meanwhile, U.S. sanctions against Venezuela's oil industry are expected to freeze sales proceeds of Venezuelan crude exports to the United States. That focuses yet more attention on the outcome of U.S. "The weekly report from the EIA on US oil stocks was bullish for outright prices, plain and simple", said Tamas Varga, an analyst at PVM Oil Assoc...

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  • Healthcare gains jobs in January despite government shutdown
Healthcare gains jobs in January despite government shutdown

That was slightly lower than the 15,000 that economists had forecast. Jim Baird, chief investment officer at Plante Moran Financial Advisors, wrote that though there is volatility in the USA stock market, the encouraging jobs numbers will ultimately strengthen the United States economy.

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  • United Kingdom to formulate Irish border proposals 'in a few days': Hunt - International
United Kingdom to formulate Irish border proposals 'in a few days': Hunt - International

MPs also rejected by 327 votes to 296 an amendment by opposition Labour leader Jeremy Corbyn demanding parliamentary time to vote on how "no deal " might be avoided. LANGFITT: The reaction in Dublin to the recent turn of events? So could May turn to Labour to get her deal through? LANGFITT: Ben Tonra is a professor of worldwide relations at ...

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  • To Florida's Venezuelan exiles, Pence vows more pressure on Maduro
To Florida's Venezuelan exiles, Pence vows more pressure on Maduro

Guaidó, 35, had been living there until recently, when he began changing locations as a security precaution. In a statement on Twitter , Venezuela's police denied that special agents had gone to Guaido's home, dismissing the claim as "totally FALSE".

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  • Stock rally pauses after disappointing China data
Stock rally pauses after disappointing China data

Stock is quoted at $294/$294.50 in early trading.down from $308 at last nights close. "The very dovish tone from the Fed is clearly supportive to risk", said an economist at Fidelity International. negotiator reported "substantial progress" in the talks. The top USA negotiator at the talks reported "substantial progress" in the talks. Follo...

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  • Trump Says No Final China Trade Deal Until He Meets With Xi
Trump Says No Final China Trade Deal Until He Meets With Xi

President Donald Trump said he may soon meet with China's Xi Jinping to finalize details of a possible trade deal as he declared negotiations in Washington were making progress. (2030 GMT) as talks conclude. Trump was meeting on Thursday afternoon with the Chinese negotiators. President Donald Trump wants to see a rapid decline in the chron...

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  • Apple earnings: Here's why the stock is up despite disappointing iPhone sales
Apple earnings: Here's why the stock is up despite disappointing iPhone sales

Even though Apple isn't giving sales numbers for the iPhone, iPad and Mac anymore, it did provide total revenue . Apple has underperformed this year relative to other technology giants as the same time arch rivals for the crown of biggest tech company including Amazon, Microsoft and Alphabet have risen this year.

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  • United States threatens ‘serious consequences’ if Venezuela arrests ‘president’ Guaido
United States threatens ‘serious consequences’ if Venezuela arrests ‘president’ Guaido

But U.S. refineries that buy large amounts of Venezuelan oil could suffer. "Be on alert, Venezuela! ". The group has recognized opposition leader Juan Guaido as Venezuela's interim president, saying President Nicolas Maduro's continuing dictatorial rule is creating an economic and humanitarian crisis that has swelled beyond his country's bor...

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  • Justice Dept. charges Huawei with fraud, ratcheting up U.S.-China tensions
Justice Dept. charges Huawei with fraud, ratcheting up U.S.-China tensions

The US Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou . Washington has said it wants to try Meng on the allegations because, in her position as chief financial officer, she spoke directly to USA banks that loaned money.

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  • Oil Advances for Third Day as Venezuela Muddles Market Dynamics
Oil Advances for Third Day as Venezuela Muddles Market Dynamics

Brent for March settlement advanced 46 cents to $61.55 a barrel on the London-based ICE Futures Europe exchange, and traded at a $7.89 premium to WTI . "While the current state of affairs is price constructive for oil, the market is hesitant when it comes to the global outlook", Harry Tchilinguirian , Global Head of Commodity Markets Strategy at ...

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  • Donald Trump Announces Deal to Lift Shutdown for Three Weeks
Donald Trump Announces Deal to Lift Shutdown for Three Weeks

The White House says Trump signed the measure after the Senate and House each passed it Friday. "Republicans were being blamed much more for the shutdown than Democrats and that led many Senate Republicans to push for a resolution". He reiterated many of his arguments for a border wall, promising without evidence that it would reduce crime and dr...

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  • Oil prices slide on swelling United States supply, global market slump
Oil prices slide on swelling United States supply, global market slump

Market attention remained fixed on Venezuela , with all eyes on next steps for popular opposition leader Juan Guiado, while the top military brass reupped its allegiance to embattled President Nicolás Maduro . Oil market sentiment was also weakened by a surprise increase in US crude inventories after refineries cut output, data from industry grou...

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  • Vodafone CEO Nick Read explains difficulties in replacing Huawei
Vodafone CEO Nick Read explains difficulties in replacing Huawei

Nick Read said Huawei's equipment was used in Vodafone's core - which he described as the intelligent part of the network - in Spain and some other smaller markets. According to representatives of Huawei, the effectiveness of the modem when connected to a 5G network is ten times higher than that of LTE solutions.

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  • Microsoft president on China blocking Bing: Principles matter
Microsoft president on China blocking Bing: Principles matter

The wording of the U.S. company's statement "means Microsoft received no government order, but clearly China has the power to block a URL and that may be what happened", said independent USA tech analyst Rob Enderle of Enderle Group. "This is just the Chinese authorities being the Chinese authorities". But China has more than 770 million internet...

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  • China population growth continued to slow in 2018
China population growth continued to slow in 2018

Growth in the fourth quarter came in at 6.4 percent, down from 6.5 percent seen in the third quarter, NBS data showed. Chinese media did their best to put a positive spin on the economic report . Given the slowdown, China's policymakers are looking to improve domestic consumption as they look to shift from an export-led growth regime. The demo...

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  • Opec cuts send oil on its way to third weekly increase
Opec cuts send oil on its way to third weekly increase

The IEA said non-OPEC production growth was set to slow to 1.6 million bpd in 2019 after record annual gains of 2.6 million bpd in 2018. Other oil-market news: OPEC compliance with crude-oil output cuts rose to 163 percent in December, according to Bloomberg calculations from the group's secondary-source data .

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  • Trump's proposal to support DACA for border-wall funding rejected by Dems
Trump's proposal to support DACA for border-wall funding rejected by Dems

The spending package that the Democrats intend to vote on next week will be the six agreements the House and Senate came to in conference. Is he going to re-open the government, which has put at least 340,000 federal workers on furlough and another 460,000 "essential" employees working without pay? " Trump on Saturday proposed granting tempora...

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  • Cadillac reveals its first electric vehicle
Cadillac reveals its first electric vehicle

Cadillac furthered its recent product blitz today with the reveal of the brand's first EV. GM unveiled the new Cadillac XT6 SUV at the Detroit auto show , and while It's not all electric yet , there was some indication that the all EV model could be ready by 2021.

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