Markets

Markets GIGA BERLIN, tweets Musk, in Tesla's latest 'big reveal'
Author: 0 GIGA BERLIN, tweets Musk, in Tesla's latest 'big reveal'

Musk also revealed that the site will include a battery line and an R&D center, according to CNBC . Bringing a Tesla plant to Europe has been on Musk's mind for a few years now; until now, it seemed that the United Kingdom had been one of the CEO's locations of choice.

Author: 0 Tesla announces its next vehicle factory will be near Berlin

Tesla said it would build its next factory near Berlin, along with an engineering and design center. The announcement comes just as Tesla has started selling cars built at its new plant located in Shanghai, China . Back in late 2016 Elon Musk said Brexit wasn't really an issue when it came to expanding into the United Kingdom and Europe. Germany's biggest labor union, the influential IG Metall, welcomed Tesla's plan.

Markets Wealth of the world's 2,101 billionaires falls … to $8.5 trillion
Author: 0 Wealth of the world's 2,101 billionaires falls … to $8.5 trillion

UBS's head of ultra-high net worth clients, Josef Stadler , said that the billionaire wealth dipped in 2018 for the first time since 2008 because of geopolitics. Tech was also the only industry that saw billionaire wealth increase in 2018 - rising to $1.3 trillion. It found the billionaire-controlled companies were more profitable as well.

Markets Virgin Galactic set to go public on NYSE Monday
Author: 0 Virgin Galactic set to go public on NYSE Monday

The Richard Branson company merged last week with Social Capital Hedosophia, a NY investment firm already listed on the NYSE, allowing Virgin Galactic to bypass the standard stock offering process. Virgin Galactic has raised more than $1 billion since it was founded in 2004, initially from Branson, with an Abu Dhabi investment company taking a stake in 2010.

Markets UK's First Chick-fil-A Is Shutting Down After LGBTQ Protests
Author: 0 UK's First Chick-fil-A Is Shutting Down After LGBTQ Protests

Though Reading Pride stated " we respect everyone's freedom to eat wherever they choose ", the group nonetheless celebrated The Oracle's decision not to extend Chick-Fil-A's lease. The Oracle shopping center, in which the new store was based, has announced that it will not be extending Chick-fil-A's six-month lease due to ongoing protests and calls for boycotts, the BBC reports .

Markets Erdogan says Turkey will never declare ceasefire in northern Syria
Author: 0 Erdogan says Turkey will never declare ceasefire in northern Syria

The measure underscores an overwhelming congressional consensus that Trump's decision has damaged US interests in the region and helped adversaries, including the Islamic State , Russia and Iran. Trump's comments came during a Rose Garden ceremony celebrating the Stanley Cup-winning St. Louis Blues. Russian state media said on Wednesday Syrian government forces had occupied bases abandoned by USA troops.

Markets Hong Kong Protests Escalate: What You Need To Know
Author: 0 Hong Kong Protests Escalate: What You Need To Know

US -based analysts and former officials have seized on the more recent developments involving Apple and Hong Kong . It wasn't clear what the response would be, but Hong Kong's Hospital Authority canceled afternoon appointments at 13 outpatient clinics "in view of the traffic situation.

Markets United Kingdom debt burden to rocket under no-deal Brexit, says think-tank
Author: 0 United Kingdom debt burden to rocket under no-deal Brexit, says think-tank

In its Green Budget report, the think tank said: "Given the massive uncertainty over the direction of the economy and public finances, it is hard to conceive of a set of fiscal rules in the short term that would be appropriately constraining and give the chancellor flexibility to respond to bad economic news".

Markets Future of Pizza Express in Grantham uncertain as large debts revealed
Author: 0 Future of Pizza Express in Grantham uncertain as large debts revealed

Financial specialists Bloomberg is reporting Pizza Express has appointed financial advisor Houlihan Lokey to "prepare for talks with is creditors". Pizza Express' rival Prezzo shut down the majority of its restaurants last year and Jamie Oliver's Italian chain filed for insolvency in May this year.

Markets Corn, soybean harvest lagging behind
Author: 0 Corn, soybean harvest lagging behind

Harvest is underway in Nebraska, according to the weekly USDA National Agricultural Statistics Service crop report. Thirty-six percent of the crop reached maturity, 18 days behind past year and 2 weeks behind average. "Unfortunately it looks like the Black Sea region and Europe will continue to dominate such tenders with US wheat not seen with much of a chance", one trader said.

Markets WeWork CEO stepping aside amid questions about company
Author: 0 WeWork CEO stepping aside amid questions about company

Artie Minson, now chief financial officer of WeWork parent We Company, and Sebastian Gunningham, a vice chairman for the New York-based start-up, will become co-chief executives, the sources said. The board tally comes as Neumann faces growing pressure to step down as head of the upscale office rental company amid questions over his leadership, including a troubled stock offering and a recent report that a jet owner had to recall a plane Neumann was on after the crew found marijuana shoved ...

Markets Saudi Arabia to restore full oil output by next week
Author: 0 Saudi Arabia to restore full oil output by next week

Rouhani is also slated to join other world leaders at the UN General Assembly that kicks off in NY on September 24. The Houthis have launched numerous drone, missile and rocket attacks on the Gulf kingdom. Speaking to reporters before boarding his flight, Rouhani said his delegation was heading to the United Nations gathering despite reluctance from the Trump administration to issue them visas.