Sunny and warm conditions continue through the next week.
NEW YORK (AP) — The stylized action romp “Bullet Train," starring Brad Pitt, arrived with a $30.1 million opening weekend, according to studio estimates Sunday, as the last big movie of Hollywood's summer recovery landed in theaters. The “Bullet Train” debut for Sony Pictures was solid but unspectacular for a movie that cost $90 million to make and was propelled by Pitt's substantial star power. Even if it holds well in coming weeks, movie theaters have no major studio releases on the horizon fo
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SAN JUAN DE COLON, Venezuela (AP) — The freight company owned by Alfredo Rosales and his brothers was hustling, its 50 or so trucks constantly on the go hauling about 1 million tons of coal, cement, flour and other goods every year in commerce between Venezuela and Colombia. Their work came to an abrupt halt in 2015, when the socialist government of Venezuelan President Nicolas Maduro shut down border crossings with its neighbor after years of deterioriating relations with conservative Colombian
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WASHINGTON (Reuters) -A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. "Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive," said the Alliance for Automotive Innovation's chief executive, John Bozzella, adding the bill "will also jeopardize our collective target of 40-50% electric vehicle sales by 2030." The group had warned Friday that most EV models would not qualify for a $7,500 tax credit for U.S. buyers under the bill.
CALGARY — Suncor Energy Inc. says its Commerce City refinery in Colorado is back up and running after an equipment malfunction earlier Monday. Suncor spokeswoman Mita Adesanya said the malfunction caused the safety system within one of the units at the refinery to activate. She said the system worked as designed, shutting down the equipment to prevent any further disruption to operations. Suncor sent out an alert Monday morning warning residents in the area that the temporary shutdown could resu
Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater Associates, is pushing back. In recent months, Bridgewater registered in China several "All Weather" trademarks in English and Chinese, an effort to tackle the "confusion" created by local copycats, said Joanna Alpert, Bridgewater China's portfolio manager.
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Britain's accounting watchdog said on Monday it had fined auditor PwC 1.75 million pounds ($2.12 million) after it failed to properly challenge UK telecoms group BT once a half-a-billion pound fraud was discovered in BT's Italian operations. BT's full-year financial statement for the year ended March 31, 2017, had to be adjusted by 513 million pounds due to the fraud, the Financial Reporting Council (FRC) said. "The sanctions imposed in this case, where certain elements of the adjustments following a fraud were not subject to the required level of professional scepticism, underscore this message and will serve as a timely reminder to the profession," Claudia Mortimore, deputy executive counsel at the FRC, said in a statement.
We would be better off with higher wages and higher interest rates
As rising interest rates and inflation leads to cost of living increases, British Columbians are becoming more price-conscious, and that attitude extends even to necessary health checks. Specsavers survey, conducted by Research Co., showed that 55% of British Columbians believe prescription eyewear is not affordable1 and many feel that price is a top consideration when purchasing a new pair of glasses (65%), and when selecting an optometry clinic for an eye exam (69%)2.
WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the end of this week. The evenly divided Senate voted Saturday to begin debating the legislation 51-50, with Vice President Kamala Harris breaking the tie and overcoming unanimous Republican opposition. A dwind
BEIJING (AP) — The capital of China's Hainan province has locked down its residents for 13 hours on Monday as a COVID-19 outbreak grows on the tropical island during the summer school holidays. The temporary lockdown of Haikou city from 7 a.m. to 8 p.m. follows an ongoing and indefinite lockdown of the beach resort of Sanya since Saturday that is confining vacationers to their hotels for a week. Four other cities and four counties in Hainan also started lockdowns of two days or more on Sunday an
BERLIN (AP) — Local officials with German Chancellor Olaf Scholz’s party rejected a bid to expel former Chancellor Gerhard Schroeder over his close ties to Russia, the news agency dpa reported Monday. An arbitration committee of the center-left Social Democrats’ branch in Hannover, where Schroeder lives, considered 17 applications from party members for proceedings against him. Schroeder’s longstanding connections to the Russian energy sector and refusal to distance himself fully from President
LAS VEGAS (Reuters) -The head of the United Steelworkers union on Monday vowed to pursue employees in clean energy, electric cars and retail industries as it seeks to adapt to a changing economy and rebuild membership in old-line industries. Thomas Conway, the leader of the USW, told an audience of about 3,500 union members and retirees at its constitutional convention it will train more organizers and appeal to traditional and new-industry workers. "We're going to be there - in offshore wind, electric vehicles, mining nickel and copper," said Conway, whose speech to a packed conference room at the MGM Grand hotel was the USW's equivalent of a presidential state of the union address.
Latin American companies could replace at least some of the Chinese companies' initial public offerings (IPOs) that have disappeared from western markets this year, a senior Nasdaq executive said. Regulators in Beijing and Washington have increased their scrutiny of Chinese companies listed in the United States, and a dispute over access to audit papers could lead to Chinese companies being delisted from U.S. exchanges. Four Latin American Companies were listed, down from 20 last year, and 11 companies from countries in Southeast Asia, compared with 19 last year.
Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday. The launch agreement with SpaceX coincides with Northrop climbing out of a months-long predicament with its workhorse Antares rocket, whose Russian-made engines were cut off from the United States in March by Moscow in retaliation for Western sanctions over its invasion of Ukraine. "The launches will take place in late 2023 and 2024 from the Kennedy Space Center, Florida in support of the NG-20, -21 and -22 CRS missions," Northrop spokeswoman Ellen Klicka said in an email.
"With our manufacturing capacity nearing saturation, this acquisition is timely and a win-win for all stakeholders," Tata Motors said in a statement. Ford had less than 2% of the Indian passenger vehicle market when it stopped production in the country last year, having struggled for more than two decades to generate profits.
SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record quarterly net loss. Vision Fund, which upended the world of venture capital with splashy bets on startups such as ridehailers Uber and Didi, posted a $23.1 billion loss in the April-June quarter as value evaporated from its investments in the market rout. "The world is in great confusion," Son said at an earnings news conference.
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