Markets

Millions in cryptocurrencies frozen after Canadian founder's death

Millions in cryptocurrencies frozen after Canadian founder's death In her affidavit , Robertson said QuadrigaCX kept very little cryptocurrency in hot wallets. "After Gerry's death, Quadriga's inventory of cryptocurrency has become unavailable and some of it may be lost", Cotten's widow Jennifer Robertson said in an affidavit. [Full Article...]

Trump shouldn't declare emergency to build border wall

Trump shouldn't declare emergency to build border wall Millions of Americans are expected to watch the address on television, giving the Republican president his biggest opportunity to date to explain why he believes a barrier is needed on the U.S. Here are some things to look for when President Trump delivers his 2019 State of the Union address tonight. Members of the migrant caravan remain at the El Barretal shelter in Tijuana, Mexico, 08 De... [Full Article...]

A robust job gain in January shows US economy’s durability

A robust job gain in January shows US economy’s durability The numbers exclude farm work, which is seasonal and often volatile. Within healthcare, ambulatory healthcare services showed the most employment growth last month, adding 22,100 jobs. Mortgage rates have fallen back after almost touching 5 percent previous year, but the number of Americans who signed contracts to buy homes still declined in December. [Full Article...]

Unemployment rate highest in 45 years, shows Centre’s ‘buried’

Unemployment rate highest in 45 years, shows Centre’s ‘buried’ On Wednesday, the Ministry of Statistics & Programme Implementation had denied this in a statement, saying that the report would be released once quarterly data between July 2017 and December 2018 had been processed. The unemployment rate, according to the survey, stood at 6.1 percent in 2017-18, reported Business Standard newspaper. The survey is the first solid assessment of the country's ... [Full Article...]

Alibaba's strong performance in Q4 eases concerns over slowing Chinese economy

Alibaba's strong performance in Q4 eases concerns over slowing Chinese economy Chinese e-commerce giant Alibaba Group Holding Ltd. reported a 41% rise in quarterly revenue, the slowest growth since 2016, reflecting tightening purse strings as the world's second-largest economy cools. "Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of almost 700 million consumers across retail, digital en... [Full Article...]

Nicolos Maduro says Donmald Trump out to kill him, Russia seeks talks

Nicolos Maduro says Donmald Trump out to kill him, Russia seeks talks What may be most striking about all this is that such hard-knuckle power plays aren't really in Bolton's job description. "If the aim of the United States is to invade, they'll have a Vietnam worse than can be imagined". "Now, I've been in touch with numerous refineries - there is a significant amount of oil that's at sea, that's already been paid for - that oil will continue to come to the United... [Full Article...]

United States goes after Venezuela's oil to hit embattled Nicolas Maduro

United States goes after Venezuela's oil to hit embattled Nicolas Maduro Ms. Freeland said Venezuela has been one of the government's top foreign-policy priorities, and that Lima Group countries have expressed their gratitude for Canada's leadership. Italian Prime Minister Giuseppe Conte earlier called for national reconciliation and democratic process in Venezuela and expressed concern about the possibility of further escalation of violence. [Full Article...]

Australia backs Venezuela's opposition leader Juan Guaido as interim president

Australia backs Venezuela's opposition leader Juan Guaido as interim president At a Caracas rally the Guaido said he would announce a date for "a grand march", and called on supporters to circulate copies of amnesty measures approved by the National Assembly to friends and relatives in the military. lead and recognised Mr Guadio. They should take back this ultimatum. In an interview on Sunday with CNN Turk , Maduro claimed that he was the "the victim of a U.S. [Full Article...]

U.S. officially files criminal charges against Huawei executive

U.S. officially files criminal charges against Huawei executive There have also been reports by the Wall Street Journal and others that the Justice Department was nearing an indictment related to allegations that Huawei stole robotic technology from carrier T-Mobile US Inc to test smartphones' durability. [Full Article...]

Oil Market Roundup - Friday Week 4

Oil Market Roundup - Friday Week 4 US Baker Hughes will publish its oil rig count later in the day . Even without new US sanctions, Venezuela's production - now about 1.2 million barrels a day - may lose a further 300,000 to 500,000 barrels a day, RBC estimates. The Latin American nation could see crude production drop by one-third this year, analysts at Fitch Solutions said on Friday. In 2009, (OPEC) had revealed that Saudi A... [Full Article...]

Facebook Allowed 'Friendly Fraud' to Profit From Kids, Internal Memos Show

Facebook Allowed 'Friendly Fraud' to Profit From Kids, Internal Memos Show Games included in the report include Angry Birds , Wild Ones, Barn Buddy , Ninja Saga , Petville, and others. The report goes on to say that Facebook knew that many of these children didn't know they were making purchases, but continued to offer the products anyway, even after developers came up with a fix. [Full Article...]

Russian Federation warns US against military intervention in Venezuela

Russian Federation warns US against military intervention in Venezuela Backed by Venezuela's military, Mr Maduro has refused to show any hint he is ready to cede power, setting up a potentially explosive struggle. In Washington, Secretary of State Mike Pompeo kept up the pressure on the leftist leader, as the United States called for an emergency UN Security Council meeting on the crisis. [Full Article...]

Flights delayed at major USA airports due to traffic controller shortage

Flights delayed at major USA airports due to traffic controller shortage The National Air Traffic Controllers Association's (NATCA) President Paul Rinaldi issued a statement on Friday saying the union does not endorse coordinated absences. According to a poll conducted by airfarewatchdog.com , 62 percent of flyers said they were concerned about their safety during the shutdown , while 47 percent responded that they believe airlines should be required to pay f... [Full Article...]

USA intensifies push against Maduro as Russian Federation backs Venezuelan ally

USA intensifies push against Maduro as Russian Federation backs Venezuelan ally Canada closed its embassy in Caracas for the day Thursday and said it would assess whether to open it day-to-day, based on the degree of upheaval. Bolivia, Cuba, Turkey and Russian Federation, among others, have not followed suit and continue to back Maduro as the rightful president, accusing the US and others of interfering in Venezuela's internal affairs. [Full Article...]

Family kicked off American Airline flight due to complaints about body odor

Family kicked off American Airline flight due to complaints about body odor Last year, American Airlines hit the headlines after a passenger was removed from a flight , also at Miami , because of the size of her cello, even though she had bought a seat for the instrument. "I said you kicked me off because of religious reasons", Adler shot back at him. Jennie Adler said they began approaching people in the airport terminal for a second opinion. [Full Article...]

Google fined $57M after France finds violations of new European Union privacy law

Google fined $57M after France finds violations of new European Union privacy law The National Data Protection Commission said it fined the US internet giant for "lack of transparency, inadequate information and lack of valid consent " regarding ad personalization for users. Google, for its part, acknowledged that "high standards" of transparency and control are expected of the company by the public and that Google is "committed to meeting those expectations and the conse... [Full Article...]

Mexico: Deadly blaze erupts at illegal fuel pipeline

Mexico: Deadly blaze erupts at illegal fuel pipeline Hidalgo Gov. Omar Fayad said there were "many people" burned. Fayad said that, two hours after the pipeline was punctured, "we were informed that there had been an explosion" and the flames "were consuming everything around". The government estimates that fuel theft cost the country more than $3 billion a year ago and has launched a major crackdown by temporarily closing several pipelines. [Full Article...]

Tesla recalls 14,000 Model S cars in China to replace faulty airbags

Tesla recalls 14,000 Model S cars in China to replace faulty airbags He said Tesla Inc. hopes to post a " tiny profit " in the current quarter but that after expanding its workforce by 30 per cent a year ago, it can not support that size of staff. As a result, Musk said, profits in Q4 were smaller than in Q3. So, not only is Tesla in a position where it needs to figure out how to make the Model 3 less expensive, it has to do so with a diminishing USA tax cred... [Full Article...]

China's modernized military could threaten Taiwan, U.S. report says

China's modernized military could threaten Taiwan, U.S. report says Amid increasing tensions with Beijing , the Pentagon on Tuesday released a new report that lays out USA concerns about China's growing military might, underscoring worries about a possible attack against Taiwan. In a January 2 speech, on the anniversary of a Chinese Communist Party (CCP) policy statement on cross-strait relations, Xi said "China must and will be united" with Taiwan. [Full Article...]

UK PM Theresa May survives no-confidence vote

UK PM Theresa May survives no-confidence vote Labour Party leader Jeremy Corbyn , whose support she will likely need, said he won't join talks over a new plan unless the possibility of a no-deal exit was out of the question. European leaders are now preparing for the worst, although German Chancellor Angela Merkel said there was still time for further talks. He told her that "the starting point for any talks about breaking the Brexit de... [Full Article...]


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