Markets

Trudeau Backs LNG Canada Against Threat of Steel Duties

LNG Canada has worked towards FID since it first identified Kitimat from a list of 500 potential sites in British Columbia as the ideal location for an LNG export facility . The project may add two more trains totaling 14 million tpa, Mitsubishi said. KOGAS said this will be Korea's first major project in Canada. According to Petronas' statement, the LNG export facility includes the design, ... [Full Article...]

Mazda Confirms Rotary Engine Return As Range-Extender

Mazda Confirms Rotary Engine Return As Range-Extender On Tuesday it said it would develop two battery EVs, one which will be powered exclusively by battery and another which will pair a battery with a range extender powered by the automaker's rotary engine. The firm has committed to reducing its "well-to-wheel" Carbon dioxide output - emissions produced in the manufacturing process as well at the tailpipe - to 50% of 2010 levels by 2030 and to 90% ... [Full Article...]

Turkey orders arrest of 417 suspects in money laundering investigation

Turkey orders arrest of 417 suspects in money laundering investigation The agency said the suspects had received commissions for transferring money to 28,088 banks accounts overseas and that most of the accounts belonged to Iranians based in the United States. Capital outflow overseas has been a sensitive issue for Turkish authorities after the sell-off of the lira sent the Turkish currency down 40 percent this year. [Full Article...]

Amazon raises minimum wage to $15 after criticism

Amazon raises minimum wage to $15 after criticism Amazon purchased the Whole Foods grocery chain in August 2017. " We listened to our critics, thought hard about what we wanted to do, and decided we want to lead ", founder and Chief Executive Jeff Bezos said in a statement . Jay Carney, the senior vice president of Amazon's global corporate affairs, added: "We will be working to gain congressional support for an increase in the federal mini... [Full Article...]

FEMA to test emergency alert system Wednesday

Plaintiffs in Manhattan are suing Mr. Trump and FEMA Administrator Brock Long, claiming the alert system is a "violation of Americans' First and Fourth Amendment rights to be free from Government-compelled listening, as well as warrantless, non-consensual trespass into and seizure of their cellular devices". [Full Article...]

Amazon boosting workers' minimum wage to $15 an hour

Amazon boosting workers' minimum wage to $15 an hour The move will benefit 250,000 workers in the U.S., and 17,000 in the United Kingdom, and an estimated 20,000 seasonal workers. "We're excited about this change and encourage our competitors and other large employers to join us". "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead", says CEO Jeff Bezos , who Reuters notes is the richest man in the wo... [Full Article...]

Elon Musk’s "Funding Secured" Tweet Just Cost Him & Tesla $40 Million

Elon Musk’s The SEC is also continuing to investigate a separate case relating to Tesla's production goal claims. An initial verdict of feat or failure could land as soon as Monday in the form of Tesla's latest quarterly release. Tesla has been hustling to deliver Model 3 cars at the end of its financial third quarter. "This weekend is the pivot point", he said, describing it as watershed moment not ju... [Full Article...]

All flights grounded as Primera Air airline goes bust

All flights grounded as Primera Air airline goes bust The European discount airline has ceased all operations. A statement from the company said they had "no other choice" than to file for bankruptcy. "On this sad day we are saying Goodbye to all of you", Primera Air said in a statement on its website. [Full Article...]


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