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Elon Musk starts work on his $2billion Tesla ‘Gigafactory’ in China

Elon Musk starts work on his $2billion Tesla ‘Gigafactory’ in China

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. In July, Tesla raised the prices of the Model 3 and the Model Y by about 20 per cent in the mainland after Beijing slapped an additional 25 per cent tariff on American-made vehicles, a retaliatory measure against the United States administration as trade tensions between the two countries escalated. Consulte Mais Informação

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World Bank's Kim to resign effective Feb 1, work on infrastructure

World Bank's Kim to resign effective Feb 1, work on infrastructure

It was not clear why Kim suddenly announced his departure when he had more than 3 years left in his tenure. Kristalina Georgieva, the chief executive of the World Bank , will take over as interim president when he departs. When Kim was appointed by President Barack Obama, the report added, he faced major opposition from Nigeria - the first time since the bank's founding that a candidate faced such a challenge. Consulte Mais Informação

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Camp Fire lawsuit filed against PG&E

Camp Fire lawsuit filed against PG&E

Lawmakers were in talks late past year for legislation to protect the company from liabilities related to the 2018 fires. But the preparations could put pressure on California politicians hoping the company can avoid such an outcome. And a month later, The California Public Utilities Commission opened a proceeding into the company falsifying safety documents for natural gas pipelines between 2012 and 2017. Consulte Mais Informação

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Japan Billionaire Says

Japan Billionaire Says "Free Cash" Tweet Most Shared Of All Time

Before Mr Maezawa could claim the most retweeted message, the prize belonged to Mr Wilkerson, who asked USA chain restaurant Wendy's how many retweets he needed to get free chicken nuggets for a year. The business is the main source of the 43-year-old's US$1.7 billion in net worth, according to the Bloomberg Billionaires Index. Zozo's shares jumped as much as 6.9 per cent in Tokyo . Consulte Mais Informação

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May says the 'danger' is ending up with 'no Brexit at all'

May says the 'danger' is ending up with 'no Brexit at all'

The Democratic Unionist Party, which props up May's government, was always going to vote against her plan because it's concerned the backstop arrangement would put Northern Ireland on a different regulatory footing to the British mainland. Conservative MP Dame Caroline Spelman, who helped organise the letter alongside Labour MP Jack Dromey, said a no-deal Brexit would hit the economy and cause job losses. Consulte Mais Informação

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Ryanair voted 'worst airline' for sixth consecutive year

Ryanair voted 'worst airline' for sixth consecutive year

When the 7,901 participants were asked if there were any airlines they would never travel with, 70 per cent named Ryanair. EasyJet came in 11th on the list and British Airways at 15th. I worry about getting caught with hidden costs'. A Ryanair spokesperson told the Sun: "The survey of nearly 8,000 Which? members is totally unrepresentative and worthless compared to Ryanair's 141m customers", adding that "Ryanair is Europe's No. Consulte Mais Informação

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Labor Department: U.S. Economy Created 312000 Jobs in December

Labor Department: U.S. Economy Created 312000 Jobs in December

The lingering problem, however, is that United States workers haven't seen their paychecks get much bigger. We'll talk about what that does (and doesn't) tell us about the economy and recap a very volatile week for markets. The average monthly increase in US construction jobs in 2018 was +23,000, which was +12.0% higher than 2017's average monthly increase of +21,000. The central bank last month forecast two rate hikes this year and signalled its tightening cycle is nearing an end in the face ... Consulte Mais Informação

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China cuts bank reserve requirement to spur economy amid trade war

China cuts bank reserve requirement to spur economy amid trade war

The announcement came just hours after Premier Li Keqiang said China would take further action to bolster the economy, including RRR cuts and more cuts in taxes and fees. This is the fifth time the central bank has cut the reserve ratio to free up liquidity in a year. After four RRR cuts so far this year, the ratio for large banks dropped to 14.5pc in October, the lowest level since 2008. Consulte Mais Informação

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