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China set to post slowest growth in 28 years in 2018, more stimulus seen

6 hours ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

Funeral held for Polish mayor after fatal on-stage stabbing

19 hours ago DieselGasoil Comments Off on Funeral held for Polish mayor after fatal on-stage stabbing
Thousands have attended the funeral of Polish mayor Pawel Adamowicz after he was stabbed to death on stage at a charity event. The 53-year-old mayor of Gdansk died on Monday after being attacked the night before during a fundraiser to help provide money for hospital equipment. He underwent five hours of surgery for wounds to Read More

1000s of police on guard as Yellow Vests hit streets in France for 10th week in a row

22 hours ago DieselGasoil Comments Off on 1000s of police on guard as Yellow Vests hit streets in France for 10th week in a row
For the 10th week in a row, Yellow Vest protesters filled the streets of Paris and other cities in France, with thousands of police standing guard. Earlier, Emmanuel Macron launched his “national debates” on the crisis. In what is being called ‘Act 10’ of the nationwide protests, the Yellow Vests gathered in French cities on Read More

Lords of war: US weapons factories dominate global arms trade

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The latest report by Stockholm International Peace Research Institute (SIPRI) revealed that sales of arms and military services by global majors totaled $398.2 billion in 2017, marking a 44 percent growth over the past 15 years. “The overall number excludes Chinese data due to the lack of available information to allow for a reasonable or Read More

Oil hits 2-month high as China truce signals brighter outlook

1 day ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More

Exclusive: U.S. demands regular review of China trade reform

2 days ago DieselGasoil Comments Off on Exclusive: U.S. demands regular review of China trade reform
BEIJING/WASHINGTON (Reuters) – The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. Read More

'Summer is happening’: Scientists reveal key new insights into Saturn’s moon Titan

2 days ago DieselGasoil Comments Off on 'Summer is happening’: Scientists reveal key new insights into Saturn’s moon Titan
Saturn’s moon Titan saw rainfall in its north pole, scientists have revealed in an exciting finding that explains more about the mysterious moon and its similarities to our own planet. When orbiting Titan, the Cassini spacecraft captured something reflective on the moon’s north pole that covered about 46,332 square miles – a “bright ephemeral” reflective Read More

Tesla cuts jobs as it looks to make Model 3 more affordable

2 days ago DieselGasoil Comments Off on Tesla cuts jobs as it looks to make Model 3 more affordable
(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid Read More

Tesla to cut workforce by 7 percent, sees small fourth-quarter profit

2 days ago DieselGasoil Comments Off on Tesla to cut workforce by 7 percent, sees small fourth-quarter profit
(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Read More

Foxconn cuts 50,000 contract jobs in China: Nikkei

2 days ago DieselGasoil Comments Off on Foxconn cuts 50,000 contract jobs in China: Nikkei
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu (Reuters) – Apple Inc’s (AAPL.O) biggest iPhone assembler Foxconn Technology Group (2317.TW) has let go around 50,000 contract workers in China since October, months earlier Read More