• Ghosn resigns as CEO of Renault two months after arrest
Ghosn resigns as CEO of Renault two months after arrest

French Finance Minister Bruno Le Maire told AFP the government, which owns a 15% stake in Renault , would be "extremely vigilant as key shareholders on the exit conditions that will be set by the ( Renault ) board of directors". Ghosn's departure is unlikely to have a short-term impact on Renault's Formula 1 programme but he was regarded as ...

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  • Boeing's Autonomous Flying Car Makes Maiden Voyage For 60 Seconds
Boeing's Autonomous Flying Car Makes Maiden Voyage For 60 Seconds

Capable of 50 miles (about 80 kilometres) of flight on a single charge, the 30 foot-long aircraft is created to taxi people for short distance urban commutes, and Aurora Flight Sciences says it is developing both two and four passenger variants.

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  • Maduro faces off with United States over Venezuela rival's power claim
Maduro faces off with United States over Venezuela rival's power claim

The United States said it was ignoring the order as it did not believe Maduro was still president and instead recognized as interim leader Juan Guaido, the opposition head of the National Assembly. That uprising was quickly quashed and officials said 27 people were arrested but it set off a wave of smaller protests that were met by security forces ...

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  • USA orders non-emergency embassy staff to leave Venezuela
USA orders non-emergency embassy staff to leave Venezuela

Venezuela's President Nicolas Maduro gestures during a ceremony to mark the opening of the judicial year at the Supreme Court of Justice (TSJ), in Caracas, Venezuela, Jan. Attention was focused on Venezuela's military, a traditional arbiter of political disputes in the country, as a critical indicator of whether the opposition will succeed in set...

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  • FAA Grounds Flights in New York-Area Airports Due to TSA Shortages
FAA Grounds Flights in New York-Area Airports Due to TSA Shortages

It caused a ripple effect on Philadelphia International Airport, where four inbound flights have been canceled and three outbound flights have also been scrapped, and at Newark which has already canceled 10 inbound flights and 26 outbound flights.

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  • Stocks sink on growth fears and possible snag in trade talks
Stocks sink on growth fears and possible snag in trade talks

Washington and Beijing imposed tit-for-tat tariffs on more than $360 billion worth of goods in two-way trade a year ago. "Makes so much sense for China to finally do a Real Deal, and stop playing around!" Pompeo said he believed by end-February "we'll have another good marker along the way" with North Korea.

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  • Hopeful Tesla Model 3 Buyers Are Tired Of Waiting
Hopeful Tesla Model 3 Buyers Are Tired Of Waiting

The CEO says Tesla has been able to turn a profit because it has only been making high-spec, high-margin versions of the Model 3 , rather than the much hyped US$35,000 ($45,800) entry-level model. "As a result of this change and because of improving efficiencies in our production lines, we have reduced Model S and X production hours accordingly"...

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  • Newark Airport resumes operations after two hour standstill due to drone sighting
Newark Airport resumes operations after two hour standstill due to drone sighting

However, planes heading to Newark Airport have been halted until they can clear the backlog of flights. Newark, the 11th busiest airport in the United States , is one of the three main airports serving New York City and the surrounding region.

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  • Brexit uncertainty and China slowdown to weigh on Australian markets
Brexit uncertainty and China slowdown to weigh on Australian markets

Among the threats cited in the report were more trade tariffs, a renewed tightening of financial conditions, a no-deal Brexit and a deeper-than-anticipated slowdown in China . "An escalation of trade tensions beyond those already incorporated in the forecast remains a key source of risk to the outlook", it said. "On the trade side it's important t...

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  • China records slowest economic growth since 1990: Details here
China records slowest economic growth since 1990: Details here

The data also showed China's fixed-asset investment increased 5.9 percent year on year in 2018, down from a rise of 7.2 percent in 2017. "The trade dispute has not and will not change China's economic growth fundamentals". Economic activity held up through most of 2018 despite President Donald Trump's tariff hikes on Chinese imports in a fight ov...

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  • International Monetary Fund lowers growth forecast for Pakistan, region
International Monetary Fund lowers growth forecast for Pakistan, region

Bulltick Capital Markets' Kathryn Rooney Vera on China's economic slowdown, USA trade talks with China and the outlook for the global markets. "For South Africa, the deep decline expected by the International Monetary Fund in metals prices, in particular, is a negative for growth, as metals are among SA's key exports, and the perceived late...

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  • Netflix shares dip as Q4 revenue misses estimates
Netflix shares dip as Q4 revenue misses estimates

Clips from the company's collection of stock footage and other media are found in TV and documentary series produced by major news and entertainment companies including Disney , Netflix , the Discovery Channel and the BBC , according to its website.

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  • Google Slapped with $57 Million Fine in Landmark GDPR Case
Google Slapped with $57 Million Fine in Landmark GDPR Case

The French regulator said the world's biggest search engine lacked transparency and clarity in the way it informs users about its handling of personal data and failed to properly obtain their consent for personalized ads. The relevant information is accessible after several steps only, implying sometimes up to 5 or 6 actions. The regulator also...

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  • USA media: China offers to eliminate trade gap
USA media: China offers to eliminate trade gap

Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for January 30. The Nikkei gained 1.29% and South Korea's Kospi lifted 0.82%. Indicators released recently showed signs that the Chinese economy is losing momentum.

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  • Trump cancels delegation's trip to Davos due to shutdown
Trump cancels delegation's trip to Davos due to shutdown

US President Donald Trump decided not to send the US delegation to the World Economic Forum (WEC) in Switzerland's Davos due to the ongoing government shutdown, White House spokesperson Sarah Sanders said in a statement. NBC News' David Gura noted that the White House confirmed that Mnuchin is still leading the delegation after speculat...

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  • Trump proposes DACA deal in exchange for wall funding
Trump proposes DACA deal in exchange for wall funding

In exchange, it would offer hundreds of millions of dollars in new humanitarian money for safety and health of illegal immigrants, it would restore a program the Trump administration ended in 2017 to allow Central American children to apply for USA asylum from their home countries, and it would create a three-year legal status for about 700,000 p...

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  • OPEC publishes output cut quota for six months to June
OPEC publishes output cut quota for six months to June

The late-in-the-week rally in crude oil is also being supported by an... Tempering support for prices, however, are signs of weakening demand and surging US output. It's the biggest cut since the organization kicked off a previous round of curbs in early 2017. In November, waivers were announced for eight major Iranian oil importers, among them...

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  • Carlos Ghosn Accused of Dodging Rules to Receive $8.9 Million Compensation
Carlos Ghosn Accused of Dodging Rules to Receive $8.9 Million Compensation

But Ghosn is also facing a wave of other allegations over suspect payments, including a claim by Nissan today that he received almost eight million euros in "improper payments" from a Netherlands-based joint venture. Within days of being taken into custody he was sacked as chairman of Nissan and Mitsubishi, but Renault kept him on as chief execut...

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  • Judge denies 'essential' federal workers' request to be paid during the shutdown
Judge denies 'essential' federal workers' request to be paid during the shutdown

Typically fewer than a thousand former federal employees apply for jobless benefits each week. A federal judge on Tuesday will decide whether to grant a temporary order requiring the U.S.to pay its workers or let them stay home or work elsewhere for wages, as the partial government shutdown - already the longest in American history - ente...

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  • McDonald's Loses Big Mac Trademark Across Europe
McDonald's Loses Big Mac Trademark Across Europe

Some of the " Big Mac " and "Mc" trademarks registered to McDonald's had included McCountry, McMór, McKids, McFamily, McHome, McWallet, McRecycle, McJob, McChoice, the McNet and McInternet. 'We have been saying for years that they have been using trademark bullying . McDonagh concluded by calling the victory "the end of the McBully".

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