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A Standard Range version will follow later in Spring 2021 for $39,000 (roughly £26,000) with 230 miles of range , a 120mph top speed and 5.9 second 0-60mph time. Elon Musk , Chief Executive of Tesla has plans of selling more examples of Model Y as compared to Model 3 and Model S combined. " 2018 felt like aging five years in one ", Musk said.
  • Huawei announces it will sue the US government

    Huawei announces it will sue the US government

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    Huawei rotating chairman Guo Ping said the company wants to challenge the constitutionality of the National Defense Authorization Act , which saw Huawei's products banned in the US, and also to seek an injunction against those restrictions.
  • Donald Trump plans to end India's preferential trade treatment

    Donald Trump plans to end India's preferential trade treatment

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    Under the United States GSP programme , certain products can enter the U.S. duty-free if the beneficiary developing countries meet the eligibility criteria established by Congress. " We don't agree that India is a high-tariff country ", Mr Wadhawan said, countering the charge. "GSP is more symbolic of the strategic relationship, not in value terms", another government official, requesting anonymity, told news agency Reuters .
  • New Yorkers Try To Convince Bezos To Bring Amazon To LIC

    New Yorkers Try To Convince Bezos To Bring Amazon To LIC

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    New York Gov. Andrew Cuomo has also had several conversations with Amazon , including CEO Jeff Bezos , about bringing back the project, the Times said . The Partnership for New York City on Friday launched a petition to bring Amazon HQ2 back to Queens. The award helped to provoke vocal opposition to the said project, even though it was supported by the governor and mayor of NY.
  • Uber rival Lyft reveals growing loss as it files to go public

    Uber rival Lyft reveals growing loss as it files to go public

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    Lyft expects to be valued at between $20 billion and $25 billion, up from its current $15 billion valuation, sources have told Reuters. Lyft, the ride-hailing giant based in the USA, has officially filed its S-1 IPO registration and is set to be listed on the NASDAQ by April, before Uber .
  • Stocks surge following US decision to postpone China tariff hike

    Stocks surge following US decision to postpone China tariff hike

    Business

    Trump tweeted that the two sides had made "substantial progress" on structural issues, including protection of intellectual property and an end to the forced transfer of US technology. The delegations "came a step closer to realising the important consensus reached" by Trump and Xi late a year ago, Xinhua said. The tariffs have hurt both countries, increasing the price of Chinese-made televisions and baseball gloves for American consumers, and making American-grown soybeans and pork ...
  • Victoria's Secret To Shut 3 Canadian Stores As Chain Reorganizes

    Victoria's Secret To Shut 3 Canadian Stores As Chain Reorganizes

    Business

    L Brands Inc ., owner of the lingerie chain, announced Wednesday that Victoria's Secret's USA brick and mortar square footage will decrease by about 3 percent. Other lingerie and clothing startups claim to sell better-fitting bras and use body-inclusive advertising. Mr. Burgdoerfer says the business made the decision by analyzing current and projected performance, sales, profits, cash flows and trade dynamics.
  • Two Indian jets downed, pilot captured by friendly forces

    Two Indian jets downed, pilot captured by friendly forces

    Business

    Tuesday's pre-dawn strike by India was its first inside of Pakistan since the two nations' 1971 war over territory that later became Bangladesh. Indian Foreign Secretary Vijay Gokhale said "a very large number" of JeM fighters were killed in the raid, which targeted an area near the town of Balakot in the Khyber-Pakhtunkhwa province of Pakistan.
  • Wall Street rallies amid US-China trade progress

    Wall Street rallies amid US-China trade progress

    Business

    Overall, China's CSI 300 index of large-cap companies is up 22.3 percent for the year to date, or about 11 percentage points more than the US benchmark S&P 500 index. Trump announced the delay via Twitter , citing "substantial progress" in trade talks between Washington and Beijing. Bona fides and practical efforts, which have always been key to settling the disputes between China and the United States in economy and trade, have been fostering growing consensus, patching up differences and ...
  • Man bought $540 in cookies so Girl Scouts could escape cold

    Man bought $540 in cookies so Girl Scouts could escape cold

    Business

    Detric L. McGowan, 46, of Greensville, is charged with conspiracy to distribute heroin, cocaine and fentanyl among other charges. Dillard's post has since gone viral, amassing 25,000 Facebook reactions and more than 9,100 shares as of Tuesday afternoon, and many social media users have tried to identify the Good Samaritan behind the selfless act.
  • Australia plays down China coal ban reports

    Australia plays down China coal ban reports

    Business

    They've singled out only Australian coal . While the local officials acted on the order in various ways, the general effect was to extend clearance for Australian coal to more than 40 days. Traders will be looking too for hints about how far and how fast the Fed intends to reduce its balance sheet., the Cleveland Fed President , said Tuesday that she was in favor of ending the this year, an outcome that would leave a substantial amount of crisis-era liquidity in the system, capping any ...
  • Oil Holds Firm As US-China Talks Enter Crucial Phase

    Oil Holds Firm As US-China Talks Enter Crucial Phase

    Business

    The U.S. dollar index, which includes the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, fell 0.51 percent on January 30, according to official data. "While a glut is taking hold in USA crude stocks, product stockpiles inched lower thanks to robust domestic demand", Mr. Brennock added. Prices have also been supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC).
  • China, U.S. open trade talks as Beijing says exports rebound

    China, U.S. open trade talks as Beijing says exports rebound

    Business

    Chinese Vice-Premier Liu He met US counterparts, US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, in the Chinese capital on Thursday and Friday. Trump has said he did not expect to meet with Xi prior to March 1. "But Sino-US relations are all about the two leaders, and it will ultimately be up to Xi and Trump to come to a deal - or not", he wrote Wednesday in a newsletter.
  • Oil gains 2 percent as Saudi Arabia readies more supply cuts

    Oil gains 2 percent as Saudi Arabia readies more supply cuts

    Business

    The growth, led by USA shale oil output, has built up global inventories of crude and refined products. Venezuela's production has nearly halved in two years to 1.17 million bpd, as an economic crisis decimated its energy industry and USA sanctions have now crippled its exports.