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Economy

Rob Speyer, the CEO of Tishman Speyer, which is developing the buildings where Macy's will locate, told the Commercial Observer in November that "the Amazon deal will help every piece of real estate in Long Island City". De Blasio, by contrast, put the blame on Amazon for refusing to address local concerns. Amazon "believed that they were doing NY such a big favor by bringing tech jobs and then all the ancillary jobs that they thought that the protests would not be as strong as ...
  • Brexit: Theresa May ‘determined’ to leave European Union in March

    Brexit: Theresa May ‘determined’ to leave European Union in March

    Economy

    Despite the " no " vote from Brussels, the British Prime Minister, Theresa May insists the Brexit on renegotiations with the European Union and expected a "pragmatic solution". "That is what Parliament instructed me to do on Tuesday night". Leo Varadkar, president of the European Commission Jean-Claude Juncker and European Council president Donald Tusk will meet on Wednesday for a number of Brexit-related meetings.
  • Instagram Stories Are Viewed by 500 Million Users Per Day

    Instagram Stories Are Viewed by 500 Million Users Per Day

    Economy

    The monthly active users (MAUs) increased 9 percent year-over-year to 2.32 billion as of December 31, 2018, while daily active users (DAUs) witnessed the same 9-percent growth to 1.52 billion during the same period, Facebook said . Since the plan leaked however there has already been significant pushback, including European Union data controllers questioning Facebook's right to combine data from WhatsApp and Facebook without explicit permission from users.
  • Federal Reserve Leaves Interest Rates Unchanged

    Federal Reserve Leaves Interest Rates Unchanged

    Economy

    Our CADCHF cash leg, undertaken to hedge against a potential extension of dollar weakness from late- December and early-January, remains partially exposed to risk ahead of US-China trade headlines but still reflects our medium-term late-stage cyclical outlook for FX markets.
  • Report stating 'unemployment at 45-yr high' not verified: NITI Aayog

    Report stating 'unemployment at 45-yr high' not verified: NITI Aayog

    Economy

    Business Standard's Jha had revealed in an 11 January report that according to the Labour Bureau's Sixth Annual Employment-Unemployment Survey, unemployment rate was at a four-year high in 2016-17. India's economy has been expanding by seven per cent plus annually, but the uneven growth has meant there are not enough jobs created for millions of young Indians entering the workforce each year.
  • Trump says wants big trade deal with China or will 'postpone' it

    Trump says wants big trade deal with China or will 'postpone' it

    Economy

    Trump said the talks "are going well with good intent and spirit on both sides" ahead of a March 1 deadline when new tariffs would take effect. He added that "No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long standing and more hard points".
  • Venezuelan opposition leader Juan Guaidó's one-on-one interview on FBN's 'Trish Regan Primetime'

    Venezuelan opposition leader Juan Guaidó's one-on-one interview on FBN's 'Trish Regan Primetime'

    Economy

    Venezuela's opposition leader Juan Guaidó sits down with FOX Business' Trish Regan Primetime for a one-on-one interview to discuss the disputed president Nicolás Maduro, new USA sanctions and the future of Venezuela. Paramacay in Carabobo state, Venezuela, Sunday, Jan. 27. Maduro also accused Washington, which has long voiced concerns over the legitimacy of his re-election past year, of plotting a coup in Venezuela.
  • Facebook allegedly ignored children's overspending on online games

    Facebook allegedly ignored children's overspending on online games

    Economy

    One Facebook employee, Danny Stein, wrote: "In almost all cases the parents knew their child was playing Angry Birds , but didn't think the child would be allowed to buy anything without their password or authorisation first". Facebook issued the following statement to Tom's Guide: "We were contacted by the Center for Investigative Reporting a year ago, and we voluntarily unsealed documents related to a 2012 case about our refund policies for in-app purchases that parents believe were ...
  • Oil Market Roundup - Friday Week 4

    Oil Market Roundup - Friday Week 4

    Economy

    Full export pipelines were blamed for a glut of oil in Western Canada last fall that led to large discounts for bitumen-blend Western Canadian Select crude compared with NY benchmark West Texas Intermediate. Oil steadied near $53 a barrel as traders assessed whether an escalating crisis in Venezuela will reduce already-depleted exports from the OPEC member.
  • IN Focus: Stop-gap measure brings temporary end to government shutdown

    IN Focus: Stop-gap measure brings temporary end to government shutdown

    Economy

    White House chief of staff Mick Mulvaney said Sunday that President Donald Trump would be willing to shut down the government again to acquire funding for an expanded border barrier. "But yeah, it takes a lot of energy to fight just for the basics of keeping government open on one hand and then try to pursue an agenda that voters sent us here to pursue on the other".
  • Guaido renews appeal to Venezuela military

    Guaido renews appeal to Venezuela military

    Economy

    His declaration during a day of widespread anti-government demonstrations has been followed by violent clashes between protesters and security forces that have killed at least two dozen people in recent days. Venezuelan Foreign Minister Jorge Arreaza dismissed the deadline. "If there are not fresh & fair elections announced within eight days, United Kingdom will recognise him as interim president to take forward the political process towards democracy".
  • Buzzfeed, Verizon lay off several employees, more to come

    Buzzfeed, Verizon lay off several employees, more to come

    Economy

    On Wednesday Buzzfeed announced that it was losing about 250 staff - 15 per cent of its workforce - after failing to keep up with the "evolving economics"... BuzzFeed News has published impactful political reporting over the past year but has been a drag on the company's finances. The sources also revealed that BuzzFeed raised over US$500 million in its latest funding.
  • USA diplomats leave Caracas embassy as Washington backs Maduro rival

    USA diplomats leave Caracas embassy as Washington backs Maduro rival

    Economy

    The opposition's move aims "to ridicule the democratic will of the Venezuelan people" and "break with the constitutional order duly established in the country", Moreno said. Although many rank-and-file troops suffer the same hardships as countless other Venezuelans when it comes to basic needs like feeding their families, Maduro has worked to cement their support with bonuses and other special benefits.
  • Some US Diplomats Leave Venezuela Over Political Crisis Security Concerns

    Some US Diplomats Leave Venezuela Over Political Crisis Security Concerns

    Economy

    The move follows the Trump administration's rejection of Venezuelan President Nicolas Maduro's order to break relations with the USA and for American diplomats to depart by the weekend. "Today, I am officially recognising the president of the Venezuelan National Assembly, Juan Guaido, as the interim president of Venezuela", the Trump statement said.
  • FLIGHT DELAYS: Seething Travelers Report 'Utter Hell' At Newark Airport

    FLIGHT DELAYS: Seething Travelers Report 'Utter Hell' At Newark Airport

    Economy

    White House Press Secretary Sarah Huckabee Sanders said the president had been briefed on the situation. Atlanta, Miami and Orlando airports are also experiencing delays. Baltimore/Washington International Thurgood Marshall Airport had the second-longest wait time, of 19 minutes. "We're trying to get everyone involved to work something out".
  • China's Economy Slows to Lowest Level in almost 30 YEARS

    China's Economy Slows to Lowest Level in almost 30 YEARS

    Economy

    However, it is in the domestic economy that the signs of weakness are most apparent. A dramatic slowdown in China's economy would, therefore, threaten the global recovery. "China's labour participation rate is not considered low worldwide, more than 700 million of our 900 million people (of working age) are employed, and there is still room (for growth)", he said.
  • France hits Google with $85M fine as new laws take effect

    France hits Google with $85M fine as new laws take effect

    Economy

    The National Data Protection Commission said Monday it fined the USA internet giant for "lack of transparency, inadequate information and lack of valid consent " regarding ad personalization for users. "We are very pleased that for the first time a European data protection authority is using the possibilities of GDPR to punish clear violations of the law", said Max Schrems , the leader of the nonprofit noyb .eu (None of Your Business).
  • US Crude Stockpiles Fall More Than Expected

    US Crude Stockpiles Fall More Than Expected

    Economy

    Crude oil output of the Organization of the Petroleum Exporting Countries ( OPEC ) dropped by 590 kb/d in December to reach 32.39 mb/d and non-OPEC supply fell by 360 kb/d in December to 61.2 mb/d, according to the IEA's Oil Market Report.
  • Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May

    Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May

    Economy

    She told reporters in Berlin that "we are now waiting to see what the British prime minister proposes". But Maas also stressed that, given the continued parliamentary deadlock in Britain over the terms of Brexit less than three months before its planned March 29 withdrawal, Germany would step up preparations for a disorderly Brexit.British lawmakers rejected Prime Minister Theresa May's Brexit deal by a large majority on Tuesday.