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Economy

China's economy grew 6.6% in 2018, its slowest pace in nearly 30 years. Output at factories and workshops ticked up 6.2 per cent for the year, down from 6.6 per cent in 2017. The official jobless rate ticked up to 4.9% last month from 4.8% in November. In a draft of China's new sweeping Civil Code, due to be introduced in 2020, all mention of "family planning" has been removed, suggesting that the limit on family sizes could be lifted.
  • US government shutdown knocks economy as talks to end impasse stall

    US government shutdown knocks economy as talks to end impasse stall

    Economy

    The House has canceled its planned recess for next week because of the shutdown. In a meeting Monday night, Pelosi and Democratic Majority Leader Steny Hoyer told fellow party leaders they were fine with rank-and-file members meeting with Trump, a source in the meeting told The Hill .
  • Ford Explorer ST and Hybrid unveiled

    Ford Explorer ST and Hybrid unveiled

    Economy

    The Explorer ST appears to be a more comprehensive, performance-oriented package than the outgoing Sport model thanks in part to two available packages. Power comes courtesy of a standard turbocharged 2.3-liter four-cylinder that Ford projects will produce more than 300 horsepower and 310 pound-feet of torque.
  • Utility seeks bankruptcy protection over California fires

    Utility seeks bankruptcy protection over California fires

    Economy

    In November, the company warned it could face "significant liability" in excess of its insurance coverage it its equipment was found to have caused last year's blazes. The company's CEO announced she was stepping down yesterday. PG&E said it does not expect the filing to affect the delivery of electricity or natural gas to its 16 million customers in Northern and central California .
  • Concourse at Miami International Airport Closes Due to Lack of TSA Officers

    Concourse at Miami International Airport Closes Due to Lack of TSA Officers

    Economy

    The Transportation Security Administration is offering a bit of compensation for its agents working without pay as the longest government shutdown in American history drag on. "We do not expect any operational impact as we have arranged to fully utilize alternate gates for flights originally scheduled out of Terminal G", said Rachel Rivas, a United spokeswoman.
  • The Next Phase Of The US-China Trade Negotiations Begins

    The Next Phase Of The US-China Trade Negotiations Begins

    Economy

    Recent reports have claimed negotiators on both sides are making progress as mid-level talks continue in Beijing . Chinese traders and refiners are still cautious about buying USA crude until the trade problems between the world's two biggest economies are resolved, but if they are, chances are US crude exports would get an additional boost.
  • The government shutdown could delay your tax refund

    The government shutdown could delay your tax refund

    Economy

    Don't let the government shutdown fool you: You still have to file your taxes. We predict the shutdown might last a few weeks but based on the attached chart, our Government will be jeopardizing its own health if this is not resolved by February 16 or the government might indeed need a wall to protect itself from its in citizenry.
  • This may be the new 2019 iPhone Xi

    This may be the new 2019 iPhone Xi

    Economy

    The assembly will also include an LED flash and rear facing microphone. It's still too early to deliver a final verdict on the fate of the iPhone XS, iPhone XS Max , and the iPhone XR, but it's now been confirmed that Apple will launch three new phones this year, continuing the current lineup.
  • Printing of Rs 2,000 notes not stopped, clarifies government

    Printing of Rs 2,000 notes not stopped, clarifies government

    Economy

    The RBI's annual report , released in August 2018, showed that only 7.8 crore notes of the Rs 2,000 denomination were added in 2017-18, taking the total number of bills in circulation to 336.3 crore as of March 2018. Most of the black money being circulated right now is in Rs 2000 currency notes, and Govt. wants to stop this. According to the finance ministry official quoted above, the central bank and the government decide from time to time the quantum of currency notes to be printed ...
  • Apple plunges after slashing revenue guidance for its holiday quarter (AAPL)

    Apple plunges after slashing revenue guidance for its holiday quarter (AAPL)

    Economy

    Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. Copper, which is used in construction and wiring, fell 2.1 percent to $2.57 a pound. Technology stocks led the declines with chipmakers and other phone part suppliers both in the U.S.
  • Cops grieve Krispy Kreme Doughnuts lost in NYE truck fire: 'No words'

    Cops grieve Krispy Kreme Doughnuts lost in NYE truck fire: 'No words'

    Economy

    The Lexington Police Department tweeted pictures of a burned-out Krispy Kreme truck along with their devastated reactions. The department captioned the photographs with, "No words". Officers rushed to the scene near Man o' War Boulevard and Pink Pigeon Parkway and were able to quickly put the fire out, WKYT reported. "We donut know what else to say", the post read.
  • US, China need to cooperate: Xi to Trump

    US, China need to cooperate: Xi to Trump

    Economy

    China's defiant response last month to us efforts to extradite Huawei Technologies Co. executive Meng Wanzhou from Canada have highlighted deeper strategic suspicions between the two sides. Investors grew anxious that the testy U.S. Chinese soybean mills, on the other hand, front-loaded soy purchases ahead of the tariffs. The pointless trade war president Donald Trump ignited - and who bragged will be easy to win - has made big losers out of both the United States and China to the tune ...
  • Cyberattack hits major USA newspapers and affects distribution

    Cyberattack hits major USA newspapers and affects distribution

    Economy

    The computer virus caused problems for newspapers connected to Tribune Publishing , the company confirmed this weekend, compromising software crucial to the news production and printing process. The Orlando Sentinel subscribers received their papers on time , according to a Tribune Publishing executive. The West Coast editions of the Wall Street Journal and the New York Times , which are printed on the shared production platform, were hit as well, the Los Angeles Times said.
  • Nationwide Internet Outage Affects CenturyLink

    Nationwide Internet Outage Affects CenturyLink

    Economy

    CenturyLink customers around the country began experiencing outages Thursday, which caused problems for municipalities like Salt Lake City, whose government apologized to residents who were unable to reach various departments due to telephone and internet outages.
  • Two North Texas Sears stores to close in March 2019

    Two North Texas Sears stores to close in March 2019

    Economy

    Busch Boulevard in Tampa and 1602 W. Brandon Boulevard in Brandon. Sears faces a self-imposed deadline of 4 pm ET on Friday for bids. Suffering from falling sales and heavy debt, it planned to close 142 of about 700 stores and cut thousands of jobs.
  • Alien invasion? New Yorkers stunned as sky turns blue

    Alien invasion? New Yorkers stunned as sky turns blue

    Economy

    NY police said the fire was under control as of 9:40 p.m. and no injuries were reported. The blast prompted a brief fire at a sprawling Con Edison facility in Queens, but no injuries, and a spectacular illumination of the NY skyline that generated a flurry of online commentary.