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

The arrest of Ghosn , who spearheaded Nissan's turnaround two decades ago, and the list of charges against him have jolted the auto industry, while muddying the outlook for Nissan's three-way alliance with Mitsubishi and France's Renault SA ( RENA.PA ).

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  • Merkel warns European Union compromise is needed to avert harmful Brexit
Merkel warns European Union compromise is needed to avert harmful Brexit

I hope there will not be a no deal Brexit which would damage the European Union as much as the United Kingdom but we would have £39m to cushion the effect. Despite that, May has been unwilling to move her "red lines" in the Brexit negotiations, which include taking Britain out of the bloc's customs union.

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  • Shopko Stores files for bankruptcy protection
Shopko Stores files for bankruptcy protection

An article in the Ely Echo said that Shopko had not made its monthly lease payment to the property owner in Ely, where there is a store. While Hanson confirmed that the Pipestone Shopko Hometown was not targeted for closure, she did not comment on the validity of the bankruptcy reports.

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  • The Number of Federal Workers Seeking Unemployment Doubled Last Week
The Number of Federal Workers Seeking Unemployment Doubled Last Week

An assortment of federal workers' unions are suing the government, many saying their employees are being forced to work without pay. Leon said only Congress can appropriate the funds to pay federal workers and would not force the Treasury Department to allocate funds to the furloughed employees.

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  • Facebook to Invest $300 Million in Struggling Local News
Facebook to Invest $300 Million in Struggling Local News

The decision was largely driven by demand for more local news and information, according to Campbell Brown, vice president, global news partnerships at Facebook . Specifically, Facebook has committed $5 million to the launch of " Bringing Stories Home " - an initiative to provide local newsrooms with reporting grants to encourage coverage on...

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  • Microsoft Pledges $500 Million Investment To Tackle Affordable Housing Crisis
Microsoft Pledges $500 Million Investment To Tackle Affordable Housing Crisis

The company will offer $225 million in low-priced loans to subsidize the preservation and construction of middle-income or "work force" housing in six cities - Redmond, Bellevue , Kirkland, Issaquah, Sammamish and Renton - where the company has more than 50,000 employees.

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  • Tesla recalls more than 14000 cars in China over airbags
Tesla recalls more than 14000 cars in China over airbags

Musk also wrote that the apparent workforce growth of 30% past year is "more than we can support", so Tesla intends to retain just "the most critical" contractors and temporary workers. And Tesla is facing a number of headwinds in the coming months. Currently, the most affordable Model 3 you can buy costs $44,000-significantly above the target ...

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  • Goldman Shares Surge on Big Earnings Beat
Goldman Shares Surge on Big Earnings Beat

Baird in Milwaukee. The Wall Street giant's earnings of 6.04 U.S. dollars per share came in ahead of the 4.88 dollars expected by analysts, and compares with the 5.51 dollar loss the company recorded the year earlier. For the year, the company reported profit of $10.46 billion, or $25.27 per share. Advisory fee revenues were $1.2 billion in the q...

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  • Huawei CEO Said Firm Not a Spy for China
Huawei CEO Said Firm Not a Spy for China

Huawei Technologies has been in the wye of the storm recently. Washington has since convinced a growing list of allies to blacklist Huawei networking equipment. Those countries may voluntarily approach Huawei and ask Huawei to sell them 5G products rather than banning Huawei from selling 5G systems. "So long as we can feed ourselves we'll always ...

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  • UK PM May seeks to end Brexit stalemate after winning confidence vote
UK PM May seeks to end Brexit stalemate after winning confidence vote

Corbyn said May's crushing defeat in parliament on Tuesday "has shredded the last vestiges" of her authority. The Labour leader said the " best outcome " for the United Kingdom remains a general election as he raised the prospect of tabling a fresh no-confidence motion in the government , despite Mrs May winning Wednesday's vote.

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  • U.S. sounds alarm about China’s military and economic inroads in Indo-Pacific
U.S. sounds alarm about China’s military and economic inroads in Indo-Pacific

On January 2, Chinese President Xi Jinping said no one could change the fact that Taiwan was "part of China", adding that Beijing would not give up the use of military force as an option to ensure the island's " reunification " with the mainland.

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  • Germany considering ways to exclude Huawei from 5G auction
Germany considering ways to exclude Huawei from 5G auction

Establishing that it is USA policy to enforce denial orders banning the export of US parts and components to Chinese telecommunications companies that have violated USA export control laws or sanctions. soil and apply hefty tariffs on Chinese goods for what the United States president has claimed were unfair trade practices by Beijing. This led...

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  • USA lawmakers seek ban on chip sales to China’s Huawei and ZTE
USA lawmakers seek ban on chip sales to China’s Huawei and ZTE

Trudeau should "respect the rule of law, respect China's judicial sovereignty, correct mistakes and stop making irresponsible remarks, " foreign ministry spokeswoman Hua Chunying said . "They also discussed China's application of the death penalty to a Canadian citizen", said his office. Schellenberg was slapped with the harshest possible punish...

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

The leader of the Labour party, Jeremy Corbyn , tabled a motion of no-confidence against Theresa May's government moments after the vote was finalised. Last December, she won a no-confidence vote brought by her own party. "That's why I am inviting MPs from all parties to come together to find a way forward".

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  • Air Traffic Controllers Buy Pizza for Unpaid American Counterparts
Air Traffic Controllers Buy Pizza for Unpaid American Counterparts

The Moncton (YQM) and Gander (YQX) air traffic controller's association left a "PIZZA!" note explaining they'd ordered 32 pizzas from Gino's in Ronkonkoma, New York that were delivered Saturday evening to help feed the workers amid the government shutdown .

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  • Newmont Mining to buy Canadian gold miner for $10B
Newmont Mining to buy Canadian gold miner for $10B

The Newmont-Goldcorp deal comes three months after Barrick Gold Corp. agreed to buy Randgold Resources in a $5.4 billion deal. In Canada, Goldcorp's assets include Porcupine Gold Mines in Timmins, which comprises the Hoyle Pond underground mine and the Hollinger open-pit mine; Musselwhite Mine, a fly-in complex located 500 kilometres of Thunder...

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  • Brexit vote: Theresa May loses vote, United Kingdom plunges into ‘uncharted territory’
Brexit vote: Theresa May loses vote, United Kingdom plunges into ‘uncharted territory’

Theresa may said if the government got support they would work with MPs across the Commons on finding a deal. Around 118 conservative MPs voted against their own leaders proposals for the terms on which Britain leaves the European Union on March 29.

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  • China Having Hard Time With Tariffs, Will Reach Trade Deal Soon
China Having Hard Time With Tariffs, Will Reach Trade Deal Soon

In 2018, the U.S. imposed billions of dollars worth of tariffs on Chinese products, prompting retaliation from Beijing and a trade war that analysts fear could escalate further and damage the global economy. The cost of producing goods in China's factories slowed sharply in December, a sign demand remains weak, while consumer inflation also flagg...

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  • Ocasio-Cortez Takes a Swipe at Trump’s Claims of Personal Wealth
Ocasio-Cortez Takes a Swipe at Trump’s Claims of Personal Wealth

Rep. Alexandria Ocasio-Cortez: If people want to really blow up one figure here or one word there, I would argue that they're missing the forest for the trees. Rep. Alexandria Ocasio-Cortez: It's absolutely important. Ocasio-Cortez, the youngest woman ever elected to Congress, is driving more Twitter conversation than any American politician ...

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  • SA Int'l Airport seeing minimal impact from government shutdown
SA Int'l Airport seeing minimal impact from government shutdown

The government shutdown , which was initiated after US lawmakers failed to provide US President Donald Trump with funding for his border wall, has been the longest in US history since entering its 22nd day. "It's chaos out here", passenger Vincent Smith said as he stood in a line that snaked through the Atlanta airport's atrium and baggage claim a...

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  • PG&E Announces It Will File For Chapter 11 Bankruptcy After Wildfire Liabilities
PG&E Announces It Will File For Chapter 11 Bankruptcy After Wildfire Liabilities

PG&E said it "does not expect any impact to electric or natural gas service for its customers as a result of the Chapter 11 process". "We believe a court-supervised process under Chapter 11 will best enable PG&E to resolve its potential liabilities in an orderly, fair and expeditious fashion", Simon said in a statement.

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  • USA to 'devastate Turkey economically' if it attacks Syrian Kurds
USA to 'devastate Turkey economically' if it attacks Syrian Kurds

He also said the US supported creation of a buffer zone on the Turkish-Syrian border, one of Turkey's long-time demands. Officials also told The New York Times that Trump's national security advisor "does not want to hear opposing views...

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  • Cadillac Releases a Teaser of Its First Full Electric Vehicle
Cadillac Releases a Teaser of Its First Full Electric Vehicle

For now, scope out the two images and stay tuned to AutoSpies.com as we update the site tonight and into tomorrow. It'll take the form of a crossover because of course it will, and it will sit on GM's future electric vehicle platform. GM says the new framework lets GM operate with a new level of flexibility, allowing the company to respond to cus...

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  • Zimbabwean military deploys to areas hit by fuel protests
Zimbabwean military deploys to areas hit by fuel protests

Riot police in trucks patrolled downtown Harare. Protesters in Zimbabwe on Monday barricaded the main roads into major cities to protest a fuel price hike announced by President Emmerson Mnangagwa . President Emmerson Mnangagwa and his deputy Dr Constantino Chiwenga during a press conference at State House last night. "We want Mnangagwa to ...

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  • IMDb launches AVoD service in US
IMDb launches AVoD service in US

Since the service is ad-supported, it doesn't require a subscription. IMDb CEO Col Needham said in a press release states that this is the season when customers are relying more on IMDb for movies and TV shows to decide what to watch.

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  • AT&T to end all location-data sales to data brokers
AT&T to end all location-data sales to data brokers

Motherboard reporter Joseph Cox wrote , "I gave a bounty hunter a phone number". We asked Sprint for an update today and will update this article if we get a response. But nobody quite dropped the ball like the carriers, which said they would not to share location data again. "Over the past few months, as we committed to do, we have been shutt...

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  • JLR vehicle sales dip 4.6% in 2018 on China woes
JLR vehicle sales dip 4.6% in 2018 on China woes

The losses come on top of 1,500 mainly contract roles that were cut previous year. The British manufacturer says the job losses will be global, but it's understood most of the redundancies will occur in the United Kingdom, where the automaker employs around 43,000 people.

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  • Google sued by shareholder alleging sexual misconduct cover-up
Google sued by shareholder alleging sexual misconduct cover-up

According to Mercury News , which cited a recent lawsuit from shareholder James Martin, " Alphabet's board of directors cost the firm billions of dollars by covering up sexual abuse by senior executives and paying them millions as they were quietly ousted".

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  • Fed chair is ‘very worried’ about ballooning debt U.S. will inevitably face
Fed chair is ‘very worried’ about ballooning debt U.S. will inevitably face

While most previous shutdowns have been fairly short and have not affected the economy in the aggregate, Powell said, "if we have an extended shutdown, I think that would show up in the data pretty clearly". On Thursday, Powell said he hasn't seen anything to indicate that the risk of a recession is elevated. In a context of lower global growth...

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  • U.S. shutdown stokes air safety fears
U.S. shutdown stokes air safety fears

The union, which represents more than 10,000 air-traffic controllers, filed suit in federal court in Washington on Friday, charging that it's illegal to force them and other aviation employees to work without compensation. "It is only reasonable to expect officer call-outs and resignations to increase the longer the shutdown lasts, since no employe...

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