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Nissan expands Ghosn probe to include Renault alliance

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The board stopped short of firing Ghosn and requested that Nissan provide all information in its possession arising from its internal investigations that led to his arrest for alleged financial improprieties. The scandal - the latest in a string to affect Japan Inc. - wiped millions off the stock value of all three companies but Nissan bounced back marginally in opening Tokyo trade, climbing more than half a percentage point in a falling market. Read More »

Oil climbs as OPEC output curb plan overshadows US production

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Though Russia is still not fully on board, there is a general consensus among OPEC members to suck out 1-1.4 million barrels a day - the quantity covered under waivers -through a production cut. Total volume traded Tuesday was 40 percent above the 100-day average. Oil prices are nearly a quarter below their recent peaks in early October, weighed down by surging supply, especially from the US. Read More »

Taoiseach: Brexit deal only way to avoid a hard border

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The so-called Northern Ireland backstop, which aims to keep the border between the British province and EU member Ireland open, would all but leave Northern Ireland inside the EU's single market if an eventual British/EU trade deal can not maintain the now frictionless frontier. Read More »

The rise and abrupt fall of Nissan's Carlos Ghosn

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Nissan Motor Co. said an internal investigation found that its chairman, Carlos Ghosn , underreported his income. Nissan Group CEO Carlos Ghosn , widely credited as the father of the Nissan Leaf, allegedly lied about his salary to investors and used company assets for personal use, the automaker said Monday. Read More »

Money matters: Big day for RBI, Centre ties

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The PCA framework kicks in when banks breach any of the three key regulatory trigger points - namely capital to risk weighted assets ratio, net non-performing assets (NPA) and return on assets (RoA). The Modi government which will be facing the Lok Sabha elections in 2019 feels that the RBI isn't providing support to boost the economic growth, which will be crucial for it to win public support next year. Read More »

Hayward: APEC Summit an Unexpected Disaster for China

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Speaking moments later, Pence told delegates the U.S. offers countries in the region "a better option" for economic and diplomatic relations than Beijing's heavy-handed approach. Consisting of the US, Japan, India and Australia, the group met in Singapore in the past week to discuss ways to cooperate. Accidentally or on goal, Prime Minister Prayut Chan-o-cha appeared to photobomb US Vice-President Mike Pence when photographers called on leaders to wave at their cameras. Read More »

Bitcoin (BTC) Price Bloodbath Continues as 'Unsustainable' BCH War Rages

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Stellar has witnessed a solid 4.55% gain to now trade at $0.25 before the day ended. The moves through the first part of the morning saw Bitcoin break through the day's first major resistance level at $5,670.3 before easing back, resistance on the way through to $5,700 levels and the day's second major resistance level at $5,712.3 too great early on in the day. Read More »

Lion Air crash victim's father files US lawsuit against Boeing

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The father of Rio Nanda Pratama filed the lawsuit on Wednesday in the USA state of IL, where the plane manufacturer is headquartered, over the death of the young doctor who was to have married his high-school sweetheart this week. An automated protection system called the Manoeuvring Characteristics Augmentation System (MCAS) kicks in when the angle of attack is too high, when the plane's nose is too elevated, threatening a stall. Read More »

Chinese 5-Star Hotels Apologize After Video Reveals Hygiene Horrors

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Rooms at the most expensive hotel shown in the video - the Bulgari in Shanghai - start at around 4,000 yuan ($580) per night. Enjoying a glass of wine in a luxury hotel suite would typically sound appealing to many in China , but a viral video on Wednesday of disturbingly unhygienic cleaning practices at some of the country's ritziest hotels may change that. Read More »

The Toyota Corolla hybrid is coming to North America

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On the U.S. version, the front end details vary by model grade, with the sportiest faces incorporating a body-coloured chin spoiler and aero stabilizing fins. In that application, the powertrain makes 180 horsepower and uses a six-speed automatic transmission. The platform enables a low center of gravity and increased body rigidity and should see the new Corolla handle much better than previous generations. Read More »

French protester killed in accident at anti-fuel tax blockade

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In Troyes, southeast of Paris , about 100 people invaded the prefecture, the local representation of the state, damaging the inside, Interior Ministry officials said . The rise in fuel taxes, notably for diesel fuel, spoke to citizens who feel the president has asked ordinary citizens to make the largest efforts in his bid to transform France. Read More »

Jennie-O Recalls Ground Turkey Following One Case Of Illness From Salmonella

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There are an estimated 1.2 million salmonella cases in the United States annually, and various foods are to blame for about 1 million of those illnesses, according to the CDC . "It is the responsibility of the government to ensure that the turkeys headed for our Thanksgiving tables do not harbor antibiotic-resistant bacteria that have caused human illness and death". Read More »

Xi Jinping: US-China trade war will produce no winners

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TOUCHDOWN President Duterte is welcomed at Jacksons International Airport in Port Moresby by Papua New Guinea officials led by Deputy Prime Minister and Minister for Treasury Charles Abel and Foreign Minister Rimbink Pato, as well as Philippine Ambassador Bienvenido Tejano (right). Read More »

Trump to discuss trade war with Xi Jinping at G20 summit

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He made the statements regarding Taiwan while fielding questions from reporters after a meeting with South Korean President Moon Jae-In on November 15. As a result, administration officials have said they would insist on demonstrable and tangible actions by Beijing before engaging in any talks. One source briefed on the offer said it was just a "rehash" of previous offers China had made. Read More »

Boeing, FAA Team to Prove Lion Air Crash

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The system Weaks says they weren't told about is an automated stall-prevention system on Boeing 737 MAX 8 and MAX 9 planes. The company also needs to speed deliveries of its high-margin Max planes, "which affect profit disproportionately", Ferguson said. Read More »

Mitch McConnell, Kevin McCarthy to lead Republicans in Congress

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Senate Democrats are keeping their team headed by Minority Leader Chuck Schumer of NY even though one of the two new Democratic senators-elect, Kyrsten Sinema (SIN'-uh-muh) of Arizona, has said she wouldn't vote for him. The Californian represented defeated Rep. Jim Jordan of OH 159-43. Democrats took control of the U.S. House of Representatives in the November 6 elections and Republicans held onto a majority in the U.S. Read More »

Woman's mid-air rant after 'being refused glass of wine' on plane

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In one of the videos, she is heard saying, "You treat business class passengers like this?" A video of the incident was posted on Twitter by Tarun Shukla, an aviation reporter for Economic Times Prime. In a video that is going viral on social platforms, the woman can be heard shouting, "I am a f**king global lawyer". According to a Times of India report , the woman had already consumed four quarter bottles of red wine. Read More »

'Sad' EU chief Tusk calls 'farewell' summit to sign-off Brexit deal

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During her Downing Street statement, she also pushed that the deal gave back "full control of our money", she said, "so we decide ourselves how to spend it on priorities like our NHS". Amid the political turmoil, the pound dropped by 2.0 percent against the dollar to a one-month low and a similar amount against the euro. "I am confident that this takes us significantly closer to delivering what the British people voted for in the referendum ". Read More »

Global oil supply jumps, sending prices lower — Energy agency

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Oil's slide accelerated on Tuesday (Nov 13), with United States futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. Futures in NY rose as much as 1.4 per cent after Reuters reported OPEC and its partners are discussing a reduction of as much as 1.4 million barrels a day, deeper than the cut proposed earlier this week. Read More »

Toyota Corolla Sedan teased ahead of its North American debut

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Apart from that design revision, the sedan also appears to have a slightly different chin spoiler or front bumper garnish. Factor in a lower centre of gravity, similar 60 per cent improvement in body rigidity and better weight distribution, and the 2019 Corolla sedan should be more athletic than the old auto. Read More »

Technology stocks lead U.S. financial markets lower

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Shares in Lumentum plunged 30.6 percent to $38.84. Traders work on the floor of the New York Stock Exchange in New York October 3, 2018. The market had anticipated that exports from OPEC member Iran would fall precipitously following the institution of USA sanctions in November. Read More »

Amazon bypasses Hub for HQ2

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However, the official statement released Tuesday left Beltway residents confused over what many online interpreted as a new name for the Arlington neighborhood Amazon plans to call home. As well, the company will receive a cash grant of $US325 million. Doulis, of the Citizens Budget Commission, said that credit and similar ones might have outlived their usefulness. Read More »

U.S. Senate leaders unchanged after election, more jockeying in House

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Rep. Ed Perlmutter, D-Colo., another leading opponent of Pelosi's bid for House speakership, said that the now-minority leader could possibly be elected speaker if other changes are made in the ranks of Democratic leadership. In South Carolina, Joe Cunningham, who defeated Republican Katie Arrington, announced his position early on Twitter . "But let me be very clear, if their agenda is simply investigations, impeachment, and not focused on the hardworking American public, we will be ... Read More »

Apple has a Plan B as iPhone demand peaks; Many suppliers don't

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Kuo's forecast follows a report last week that described two of the company's largest suppliers, Foxconn and Pegatron, being told to halt plans for additional iPhone XR production lines. Among other Apple suppliers, South Korea's LG Innotek Co., which gets about half its revenue from Apple, slid as much as 9.5 percent. Shares of many Asian suppliers and assemblers fell on Tuesday, leading some market watchers to call the peak for iPhones in several key markets. Read More »

Saudi minister calls for 1m bpd global oil output cut

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Al-Falih's remarks were backed by Mohammed bin Hamad al-Rumhi, oil minister for Oman, who at the same conference claimed , "Many of us share this view". A decision is expected only when the OPEC and non-OPEC ministers meet in Vienna on December 5 to assess the global energy market. In the meantime, the Kingdom said it is taking the lead by cutting its output to 500,000 barrels a day come December. Read More »

Major oil producers foresee oversupply, edge closer to production cuts

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Saudi energy minister Khaled Al Falih however would not be drawn into a discussion on whether the cuts would be made using baseline output registered for the month of October or November. He said the committee were reviewing the market and would draw up a plan to deal with the prospect of higher supply in 2019. Brent crude dropped below $70 a barrel on Friday for the first time since April, while the New York's West Texas Intermediate sank below $60 a barrel, a nine-month low. Read More »

Player Unknown’s Battlegrounds is headed to Xbox Game Pass

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Microsoft also said it planed to acquire game development studios Obsidian Entertainment and inXile Entertainment. For a while there it was looking like it would never happen, but Crackdown 3 has not been cancelled or delayed again and is instead coming out on February 15 for Xbox One and PC. Read More »