Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a "social experiment" to see if the payment boosts their happiness.
Ford is all set to give cars a caffeine boost. The automajor has recently partnered with McDonald USA to use coffee beans in headlight housing and other automobile parts it will produce.
China had been severely hit by a pork shortage after African Swine Fever spread across the country's pig herds. More than a million pigs have been culled to stop further spread of the disease. According to official statistics, prices of the staple meat have more than doubled.Beijing's announcement on Monday said tariffs on frozen pork will drop from 12 per cent to 8 per cent from January 1, which may help ease the pressure on the country's depleted pork supply.
Boeing's decision also affects the US economy, with House representative Rick Larsen calling Boeing's decision "a body blow to its workers and the region's economy." "The only saving grace is the Boeing leadership has promised not to lay off any workers. I am ready to work with Boeing workers to ensure ... they will have access to the necessary resources in the event of a prolonged shutdown." Up until now, Boeing had produced the jets at a rate of 42% per month, and purchase parts from suppliers at a rate of up to 52% per month, apart from the fact that deliveries are frozen, until the regulators approve the aircraft to fly again, commercially.
While people might not celebrate Thanksgiving in France, or Russia, or South Africa, there is something they definitely do: shop on Black Friday.The phenomenon thats essentially American has now spread across the world, and with such a force that its receiving backlash from some activists, politicians and even consumers.Those working at Amazon in Germany went on strike on one of the busiest days of the year to fight for better pay. Near Paris, many climate demonstrators blocked one of the warehouses to protest over-production that they believe is killing the planet. Some even want to ban Black Friday altogether. Others believe its hurting small businesses.
At a launch event in Los Angeles, Tesla Chief Executive Elon Musk said the truck, which looked liked a futuristic armoured vehicle, will have a starting price of $39,900 and a maximum range of 500 plus miles."We need sustainable energy now. If we don't have a pickup truck we can't solve it. The top 3 selling vehicles in America are pickup trucks. To solve sustainable energy, we have to have a pickup truck," he said.Image credit: https://www.tesla.com/cybertruck
On one of Beirut's main commercial streets, store owners are cutting salaries by half or considering shutting down. Shops advertise sales, but still can't draw in customers. The only place doing a thriving business: the store that sells safes, as Lebanese increasingly stash their cash at home.It's a sign Lebanese fear their country's financial crisis, which has been worsening for months, could tip over into disaster.Banks have clamped limits on withdrawals of U.S. dollars. The Central Bank's sources for dollars are waning. Politicians are paralyzed, struggling to form a new government in the face of tens of thousands of protesters in the streets for the past month in an unprecedented uprising demanding the entire leadership go.
Fitbit is a pioneer in wearable fitness technology, making a range of devices that have become pop-culture accessories, from basic trackers that count how many steps you take each day to smartwatches that display messages and notifications from phones. They can track activities such as running, cycling and swimming and record heart rates and sleep patterns. Fitbit typically asks for date of birth, gender, height and weight to help with such things as estimating calories burned. Some people use Fitbit's app to record what they eat and how much water they drink. Women can track their periods. Fitbit has 28 million active users worldwide and has sold more than 100 million devices.
Community NGO Sagarmatha Pollution Control Committee, along with BW2V and other agencies, recently launched a campaign to transport waste to recycling centres by harnessing the roughly 50,000 trekkers and their guides who visit the region every year -- not all attempt the summit but many travel to base camp.
Global bottled water giants are ramping up trials of easily recyclable aluminium cans to replace plastic that pollutes the world's seas. Sound like a slam-dunk for the environment? Not entirely. Aluminium cans might indeed mean less ocean waste, but they come with their own eco-price: the production of each can pumps about twice as much carbon into the atmosphere as each plastic bottle.
The United States and India are racing to negotiate a limited trade deal that US President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks saidA deal between the world's most populous democracies would be a welcome victory for Trump, whose administration has made little headway negotiating an end to its prolonged trade war with China. Trump is also expected to sign a deal with Japanese Prime Minister Shinzo Abe next week that lowers Japanese farm tariffs.The deal under discussion with India would lower some tariffs on U.S. produce and restore preferential treatment for some Indian exports to the United States, the sources said.
Yes, OPEC and its allies such as Russia have cut output to prevent prices from weakening because the market has been oversupplied.Those cuts aimed to reduce supply by 1.2 million bpd. But much of that was from Saudi Arabia so it now cannot be reversed quickly.Non-OPEC members such as Russia are pumping near capacity, with perhaps only 100,000-150,000 bpd of available additional production.
The tech company cofounder stepped down as CEO in 2000 when he was just 44, handing over the baton to his confidante Steve Ballmer. Fourteen years later, Gates also quit as chairman of the company’s board, choosing to remain just an adviser. He is now solely involved in the running a foundation with his wife Melinda.
World sales of cars are expected to slip to 78.3 million this year, from 83.0 million last year. The US-China trade conflict has hurt economic growth in China and dented earnings at companies like Germany's BMW and Daimler, both of which make cars in the US for export to China. Europe's car market grew only 0.1% last year amid weakening economic growth.On top of that comes continuing uncertainty over the terms of Britain's departure from the EU, currently slated for Oct. 31. British Prime Minister Boris Johnson has said he is willing to leave without a divorce deal that would smooth the transition to new trading arrangements. A no-deal Brexit could disrupt business between Britain and continental Europe by imposing new tariffs and border checks, and the auto industry's supply chains are particularly vulnerable to such chaos.In pic: A BMW M Next electric sports car stands at the 2019 IAA Frankfurt Auto Show in Frankfurt am Main, Germany.
Concerns over Hong Kong's political and economic future are growing as pro-democracy protests drag on and turn increasingly violent, and China makes clear that forceful intervention is possible. An intervention by Chinese troops could seriously damage Hong Kong's standing as a stable international financial centre and a gateway for global capital flowing into the world's second-largest economy. No other Chinese city, not even Shanghai, could step into that role in the foreseeable future.
Over 60 percent of respondents said scanning their faces for payments made them feel "ugly".In response Alipay pledged to introduce "beautifying filters" into all the Alipay cameras.The tech giant says: "Now your face will be more beautiful than using a beauty camera!" . Image Credit: Xinhua
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