Markets

Audi recalls electric SUV due to battery fire risk

Audi recalls electric SUV due to battery fire risk Audi is not aware of any such shorts or thermal events, it says, insisting that the move to recall its first electric auto was made "out of an abundance of caution". While it has yet to issue a recall, the company did release an over-the-air software update for battery charge and thermal management "out of an abundance of caution". [Full Article...]

Ted Baker shares plunge 25% on profit warning

Ted Baker shares plunge 25% on profit warning It now anticipates underlying pre-tax profit of between £50m and £60m for its current financial year, lower than City forecasts of £73m. Shares in British luxury clothing retailer Ted Baker ( TED.L ) plunged by 25% on Tuesday to their lowest levels since 2012. [Full Article...]

Kroger bringing CBD products to 92 stores in MI

Kroger bringing CBD products to 92 stores in MI CBD products have been gaining popularity by bringing relief to people who suffer from chronic pain and anxiety. None of the products sold by Kroger will have any THC. According to Hurst, there will be a limited selection of hemp-derived CBD topical products that have been reviewed for quality and safety. That specific market includes products derived from the hemp plant, Cannabis sativa L. [Full Article...]

Huawei says goal to be world's top phone maker some time off

Huawei says goal to be world's top phone maker some time off While Huawei has denied it would share user secrets with China's ruling Communist Party, Trump is on a mission to persuade USA allies to exclude Huawei equipment from next-generation 5G mobile networks. But some are estimating that the company's smartphone sales will fall as much as 25 percent this quarter. The company is likely tempering expectations for 2019 after President Donald Trump in May s... [Full Article...]

Brexit: Alarming contraction of United Kingdom economy

Brexit: Alarming contraction of United Kingdom economy Peugeot's Vauxhall auto factory and Jaguar Land Rover also brought forward planned summer shutdowns to April. Economists had predicted a much more modest 0.1% decline. "UK growth over the rest of this year is likely to be heavily dependent on the consumer", Stewart said. Industry data for the month of April had already shown that the number of vehicles rolling off production lines had plummete... [Full Article...]

Markets await clarification of details to the U.S. Mexican deal

Markets await clarification of details to the U.S. Mexican deal The White House did not respond to inquiries about Trump's tweets . They U.S. "proposed in the first meeting that we have a third safe state, which is not the case, which is very important", he told reporters. "If for any reason the approval is not forthcoming, Tariffs will be reinstated!" he said. "The president has completely overblown what he reports to have achieved". [Full Article...]

Wipro chairman Azim Premji, India's second-richest man, to retire

Wipro chairman Azim Premji, India's second-richest man, to retire During his time as chairman, 73-year-old Azim Premji , often considered the conscience-keeper of India's hugely successful IT services industry, steered Wipro from a fledgling company with just $2 million in sales in 1966 to over $11 billion in diversified business, largely software services and consumer products. [Full Article...]

Trump Levels CNN, New York Times While Issuing Warning To Mexico

Trump Levels CNN, New York Times While Issuing Warning To Mexico The duties would have increased every month until they reached 25% in October, unless Mexico stopped illegal immigration across its border with Mexico. Earlier this month, Trump threatened imposing a 5 per cent tariff on Mexican imports if the country did not agree to help stop the inflow of Central American migrants headed to the USA southern border. [Full Article...]


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