World News

China’s Nio takes on Tesla that has a car half the cost of type X

China’s electric vehicle start-up Nio launched its first mass-produced type over the weekend, in a home market marked by competition with companies such as Tesla. The ES8, which starts at 448,000 Chinese yuan ($67,765) will be half the starting cost of Tesla’s 836,000 yuan ($126,470) type X in China. Nio also enjoys the advantage of Beijing’s state subsidies for electric ...

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JPMorgan, BlackRock expect Asia equity rally

With just two weeks to go before the brand-new year begins, many fund managers around the entire world seem to agree on one thing: The rally in Asian stocks will continue into 2018. Strength inside the equity market, they said, will be supported by regional economies growing strongly in addition to solid company fundamentals of which will drive earnings inside ...

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UN to vote Monday on call for US Jerusalem decision to be withdrawn

The United Nations Security Council is actually due to vote on Monday on a draft resolution calling for the withdrawal of U.S. President Donald Trump’s decision to recognize Jerusalem as the capital of Israel, diplomats said, a move likely to face a Washington veto. The one-page Egyptian-drafted text, seen by Reuters, does not specifically mention the United States or Trump. ...

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Atlanta airport power restored after outage grounds flights, strands thousands

Power has been restored to the earth’s busiest airport in Atlanta after an outage caused travel chaos for passengers, with more than a thousand flights cancelled during the power cut. A power outage at Hartsfield-Jackson Atlanta International Airport grounded operations on Sunday, stranding thousands of passengers. The outage lasted nearly 11 hours before power was finally restored around 11:45 p.m. ...

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UK ‘proving doubters wrong’ on Brexit

British Prime Minister Theresa May has said in which her government is actually “proving the doubters wrong” after European Union leaders agreed in which Brexit negotiations can finally move on to their next phase inside brand new year. Leaders of the various other 27 EU nations gave a boost to May on Friday when they declared in which talks over ...

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Israeli workers strike nationwide to protest Teva layoffs

MENAHEM KAHANA | AFP | Getty Images Israeli employees of Teva, the earth’s biggest any of generic drugs, hold placard during a protest inside the centre of Jerusalem on December 17, 2017, against plans by the pharmaceutical giant to shed employees Israel’s national trade union can be holding a nationwide strike to protest generic drugmaker Teva’s decision to lay off ...

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Long volatility as people will ‘sell on the news’

Stocks closed at record highs last week as Congress released the final variation of its tax plan. nevertheless some strategists are floating a classic market adage to describe the market’s response to the pending legislation: “Buy the rumor, sell the news.” On Wall Street, “Clients have been literally positioning capital into tax reform plays since August, as well as even ...

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