Alibaba's Jack Ma to be succeeded by CEO Daniel Zhang next year
Sep 11 , 2018
Ma has become synonymous with the company he helped found in his apartment almost 20 years ago and has used the chairman's post to develop managerial talent since ceding the CEO's role in 2013. Ma has faced controversy, including when it was disclosed in 2011 that Alibaba had transferred control over Alipay to a company controlled by Ma without immediately informing shareholders including Yahoo Inc.
Ford says it's still making hatchback overseas despite President Trump's tweet
President Donald Trump responded to Ford's announcement last month that the administration's tariffs on goods including cars imported from China prompted it to cancel plans to import the 2020 Focus Active . "[Ford can make Focuses] in many other plants around the world, so if they made a decision to continue to sell a Focus variant in the USA market, there are several options other than building it in the United States".
Even Fox News Shoots Down Donald Trump's Economy Boast
Economic data show this circumstance last occurred in early 2006, or about 12 years ago. "If you look at the collective body of evidence, the notion that what we're seeing right now is just a continuation of trends is not super defensible", Hassett said .
Why Apple Products Are at Risk to Skyrocket in Price
The United States President Donald Trump has once again called on Apple to shift production to the USA if they wants to avoid "massive tariffs". "This vehicle can now be BUILT IN THE U.S.A. Automakers like to run plants on at least two shifts, and preferably three per day to cover the cost of building and equipping the factory, and to turn a profit.
Rupee weakens further, hits fresh low to 72.64 against United States dollars
The government, the official said, also has the option of tapping NRIs for raising foreign exchange but a decision in this regard would be taken after due consideration. On Monday, Moody's Investors Service warned that ongoing free fall of the rupee is credit negative for Indian companies, especially for those that generate revenue in the rupee but rely on dollar debt to fund their operations and have substantial dollar-based expenses.
WH Advisor Admits Trump Lied About GDP
Obama is going after President Donald Trump hard as he campaigns for Democrats leading up to midterm elections - something he previously said he didn't intend to do . Public appearances at the briefings are typically used to praise Trump. "He just says, 'Well, I'm going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that?" They also occurred at the end of Jimmy Carter's and the start of Ronald Reagan's - leaving Trump and Obama in an unusual tug-of-war ...
CALIFORNIA DREAMIN': Gov. Jerry Brown Signs Law BANNING Fossil Fuels by 2045
California is the second USA state after Hawaii to commit to carbon-free energy. "There is no understating the importance of this measure", Brown said at a signing ceremony in Sacramento surrounded by state lawmakers. In addition to that target, the legislation establishes benchmarks, requiring energy service providers to generate 50 percent of power from renewable resources by 2026 and 60 percent by 2030.
Truth of hike: BJP talks about percentage increase in petrol, diesel prices
The government has to answer that why is it increasing the prices of fuel. Oil Minister Dharmendra Pradhan on Sunday said that India as a stable economy should avoid any knee-jerk reaction to volatile crude oil prices, indicating no cut in taxes on fuel despite petrol and diesel prices breaching record levels in the national capital.
Despite Trump tweet, Ford says it won't make hatchback in US
Ford stood by its decision. President Trump waded into the global auto industry again in his ongoing trade war over the weekend, tweeting on Sunday about Ford's decision not to import its Focus Active from China because of import tariffs and proclaiming, "This vehicle can now be BUILT IN THE U.S.A." where the company would pay no tariffs .
Ford Tells Trump Why it Won't Make China-Built Car in US
Yesterday, as the Inquisitr reported, Trump told Apple that it should make their products in the United States, and therefore bypass his tariffs. In April, Ford announced plans to stop making cars in the United States - except for the iconic Mustang - and to focus on more profitable SUVs. According to industry analyst Ed Kim from AutoPacific , there was a strong chance the Focus Active would have been sold in the United States if it wasn't for the tariffs.
Despite Donald Trump's Tweet, Ford Won't Make Hatchback In US
Computer and phone makers are involved in a global supply chain that includes Chinese manufacturing, and that can't be easily excluded without harm to U.S. jobs creation for August and sent all three main indexes on Wall Street into negative territory. Chinese shares were battered with the blue-chip index off 1.4 percent.
Apple can avoid tariffs by shifting production to US: Donald Trump
For President Trump , this is the second tweet aimed at American companies in two days. The trade surplus hit $31.05 billion in August and it continues to add fuel to the already heating up trade rhetoric between the United States and China .
Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh
The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. A litre of petrol in Delhi now costs Rs 79.99 - a record high. Prime Minister Narendra Modi's NDA government has drawn severe criticism over the issue of fuel prices; the Opposition called for a nationwide strike today to protest the rising prices.
Lyft's first electric scooters arrive in Denver
The city spokesperson said Bird was fined $5 per scooter and signed a document stating the company would not abandon property in compliance with Norfolk city codes. Young women ride shared electric scooters in Santa Monica, Calif. on July 13, 2018. It expects this will lead to better care of its scooters, so users can feel more confident they aren't about to ride on a broken or unsafe scooter.
Alibaba chairman Jack Ma to step down in 2019: company
Ma handed over the CEO's post to Zhang in 2013 as part of what he said was a succession process developed over a decade. Zhang, 46, has been in the job since 2015 after serving as chief operating officer and is known as a key architect of Alibaba's "Singles Day", the November 11 event that has become the world's largest online shopping event.
Apple can avoid tariffs by shifting production to US
The company noted it spent $50 billion with 9,000 US suppliers in its most recent fiscal year, including Texas-based chip firm Finisar Corp and Kentucky-based Corning Inc. But, as the Guardian noted, Trump's tariffs are not working. The Chinese customs agency took the rare step of announcing August trade data on Saturday instead of a working day.
Tesla Shares Fall After News Chief Accounting Officer Has Resigned
Oh, and they also smoked a blunt together and threw back some whiskey! Rogan told Musk it was a mix of tobacco and marijuana. "I've thought about this quite a lot, quite a lot", Musk said of the electric jet design, according to The Verge .
Canada loses over 51,000 jobs in biggest drop in nearly a decade
Windsor's rate is now tenth highest among 34 larger Canadian cities. Last year, in August the unemployment rate was nearly double at 8 per cent for the region. That is a sharp contrast to the 12.1 per cent unemployment seen in 2010. Economists had expected an increase of 5,000 jobs for August. For employee work, the economy lost 38,000 public-sector jobs last month, while the private sector shed 30,700 positions.
Les Moonves Faces New Sexual Assault Allegations, Leaving CBS
According to executive sources who spoke with CNN , lawyers are in the final stages of a settlement for Moonves, following a fresh series of accusations against him broken in The New Yorker Sunday. "They felt this was a board that has let a powerful man who makes a lot of money for this company, in the words of one person, 'get away with it'". While the law firms have been investigating, Moonves has been "allowed to stay and continue to run the company", a different outcome than many ...
Western Alberta unemployment rate drops slightly
Statistics Canada reports the rate pushed to six per cent as the country shed 92,000 part-time positions. Windsor's rate is now tenth highest among 34 larger Canadian cities. Advertisment The win streak stopped last month for progress on the Canadian job front. The August decline followed a comparable net increase of 54,100 positions in July.
CBS CEO in exit talks amid sexual misconduct probe
A sticking point is Moonves' exit package, according to the report. If sexual harassment allegations against Moonves are confirmed, the company would likely seek to claw back even more compensation. Moonves joined CBS in 1995 and led a turnaround of the network into the highest rated broadcaster in the American television landscape, while at the same time, becoming one of the most powerful figures in Hollywood.
British pound rallies against dollar, euro on Brexit report
Brussels has insisted there are "positive elements" to the Chequers Brexit plan following claims the EU's chief negotiator said Theresa May's proposals were "dead". Lord King, who was in charge of the UK's central bank from 2003 until 2013, said that credible plans should have been put in place to leave without a deal because Britain can not impose a deal on the EU.
Country urged to accept migration crisis humanitarian aid
Another regional meeting, this time under the leadership of the Organization of American States, is expected to again address the matter on September 5. The UN's representative in Ecuador, Arnaud Peral, celebrated the regional effort and urged worldwide donors to continue contributing. Most Venezuelan migrants have traveled to Colombia, Ecuador and Peru, but only Colombia has temporarily regularized some 820,000 Venezuelans.
World's Largest Offshore Wind Farm Opens
It comprises 40 units of MHI Vestas' 8-MW turbines and a 47 pieces of 7-MW Siemens Gamesa hardware. The Walney Extension off the Cumbrian coast has officially opened, claiming the title of world's largest wind farm site . In a statement, Energy and Clean Growth Minister Claire Perry said, "Record-breaking engineering landmarks like this huge offshore wind farm help us consolidate our global leadership position, break records for generating renewable energy, and create thousands of ...
Even While Touting Own Accomplishments, Trump Can't Help But Jab Obama's Speech
Calling out the president by name, Obama said Trump was a "symptom, not the cause" of broader ailments in the nation's politics. "He's just capitalizing on resentments that politicians have been fanning for years ", he said. Obama did not mention Trump on Saturday and instead said the problems in Washington are bigger than one person. Obama's office announced his first round of endorsements earlier this year and the official said his second round will be released in coming weeks.
Goldman Sachs Denies Rumors It Won't Offer Crypto Trading Desk
On his part, Chavez said that Goldman wasn't scaling back its roadmap - which he said was never actually set in stone - and that the bank specifically plans to create a bitcoin derivatives product that functions similarly to the cash-settled cryptocurrency futures contracts now available on Chicago-based exchanges CME and CBOE .
Biggest single-day increase in petrol and diesel prices in Ahmedabad
Petrol and diesel prices witnessed another hike for the third consecutive day in New Delhi and Mumbai on Saturday, September 8. In Kolkata petrol costs Rs 83.27 and diesel Rs 75.36 per litre; and in Chennai petrol retails at Rs 83.56 and diesel Rs 76.66 a litre, according to International Olympic Committee website.
Energy price cap: millions to save, but could others pay more?
Ofgem is now working to have the price cap confirmed in November and for it to take effect by the end of December. "Once the price cap is in place, all households in Great Britain covered by the cap will be protected from being overcharged for their energy".
Ford recalling 1.6 million F-150 pickup trucks
Ford said it was aware of 17 instances of smoke or fire from the device in the USA and another six instances in Canada . No injuries were reported in those incidents. What Owners Should Do: Ford will begin notifying owners September 24. The recall is for driver and front passenger seat belt pretensioners. There were five complaints alleging fires following the activation of seat-belt pretensioners, the NHTSA said.
Trump says ready to up China tariff list to US$517 billion
Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerMcConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE is reportedly in support of the plan. That list includes some consumer products, like cameras, luggage and tires and they'd be subject to tariffs of 10-25 percent. Data from China's General Administration of Customs showed that exports to the United States in August jumped by 6.9 per cent from July to US$44.38 billion, but ...