Markets
China cuts taxes, sees 'tough struggle' as growth slows
Premier Li said though China faced a complicated and challenging environment rarely seen in many years with the economy under new downward pressure, the nation managed to accomplish main targets for economic and social development in 2018. [Full Article...]
'Tim Apple': Donald Trump makes goof on tech CEO Tim Cook's name
This, however, is not the firs time that Donald Trump has got the name of a CEO wrong. "People like Tim, you're expanding all over and doing things that I really wanted you to do right from the beginning". Last month, the U.S. Department of Commerce announced 25 members of the board , which is co-chaired by Secretary of Commerce Wilbur Ross and Ivanka Trump. [Full Article...]
China blocks some Canada canola shipments, Ottawa expresses concern
The legal action and public relations outreach compare with a more restrained response in December emphasizing "trust in justice" when its chief financial officer, Sabrina Meng Wanzhou , was arrested in Vancouver at USA request. Meng will remain on bail, subject to her existing conditions while court proceedings are underway. The U.S. charged her, Huawei and its Skycom subsidiary with 13 count... [Full Article...]
Kia EV concept debuts in Geneva
The design inside-out has been reimagined, as is the case with most concept cars. They're concerned about range, the recharging network, and whether electric cars will still be dynamic and engaging to drive. The paintwork has six hand-applied layers of chrome-effect silver paint and is covered in a tanned bronze tint. Highly sensitive to changing light conditions, the depth and sheen further enh... [Full Article...]
Bank of Canada holds rate steady, notes 'increased uncertainty' about future hikes
This now serves as the thin line by which it is keeping its rate-hiking aspirations on life support. Given the greater uncertainty facing the bank, officials stressed data dependence moving forward. It made clear on Wednesday that future hikes were still on the table, but not imminent. Nevertheless, with the bank now openly stating that the economy needs the stimulus of below-neutral interest ... [Full Article...]
IT'S BEEN A SLICE! Pizza pilot delivers for stranded passengers
Stuck for several hours on the snowy runway and with the passengers getting increasingly grumpy, the pilot chose to phone through the order to the surprised pizza store. Larivée said the team were "laughing all night" at the unusual order, which was a first for her restaurant. Since boarding in Toronto, passengers had been on the aircraft for a leg-numbing eight hours. [Full Article...]
Last car to roll off assembly line at Ohio GM plant
This comes after GM announced in November it would close three assembly plants and two propulsion plants in Michigan, Ohio, Maryland and Ontario by the end of 2019. "We are balancing production timing while continuing the availability of Cadillac advanced technology features now included in the CT6-V, the Blackwing Twin-Turbo V-8 and Super Cruise", the automaker said in a brief statement on the de... [Full Article...]
Office Depot and Alibaba team up to tap small and medium businesses
Office Depot can provide next-day delivery to 99 percent of USA businesses and discounts will be provided on select purchases through Alibaba marketplace. But its new CEO Gerry Smith has been pushing the company to go beyond selling office products to become more of a one-stop shop for businesses for all service at a time when small businesses' biggest challenges are cash and time. [Full Article...]