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U.S. opens probe into fatal Tesla crash, fire in California

( ) – A fatal crash and vehicle fire of a Tesla Inc Model X near Mountain View, California, last week has prompted a federal field investigation, the U.S. National Transportation Safety Board said on Tuesday, sparking a big selloff in Tesla stock.

Tesla tumbled 8.2 percent, or $25 a share, to close at $279.18, the lowest close in almost a year, after news of the investigation.

Late on Tuesday, Moody’s Investors Service downgraded Tesla’s credit rating to B3 from B2. Moody’s said the ratings “reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle.” It also “faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds.”

Tesla shares fell another 2.6 percent in after-hours trading.

Tesla has $230 million in convertible bonds maturing in November 2018 and $920 million in March 2019.

Moody’s said its negative outlook for Tesla “reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall.”

Moody’s said Tesla is targeting weekly production of 2,500 Model 3 vehicles by the end of March, and 5,000 per week by上海夜网 the end of June, down from the company’s year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018. Tesla plans to provide an update on Model 3 production next week.

Shares of chipmaker Nvidia Corp, which supplies Uber Technologies Inc [UBER.UL], Tesla, Volkswagen AG (VOWG_p.DE) and other automakers, closed down 7.8 percent after it disclosed it suspended self-driving tests across the globe.


In last week’s accident, it was unclear if Tesla’s automated control system was driving the car. The accident involved two other cars, the NTSB and police said. Tesla vehicles have a system called Autopilot that handles some driving tasks. The 38-year-old Tesla driver died at a nearby hospital shortly after the crash.

Late Tuesday, Tesla said in a blog post it does “not yet know what happened in the moments leading up to the crash,” but added data shows that Tesla owners have driven the same stretch of highway with Autopilot engaged “roughly 85,000 times… and there has never been an accident that we know of.”

The company said it is working with authorities to recover the logs from the computer inside the vehicle to try to gain a better understanding of what happened. The company statement did not address if the crashed vehicle was in Autopilot mode.

“We have been deeply saddened by this accident, and we have offered our full cooperation to the authorities as we work to establish the facts of the incident,” Tesla said in a st,上海夜生活去哪玩Octavia,atement earlier.

Government scrutiny of the Palo Alto, California company is mounting. This is the second NTSB field investigation into a Tesla crash since January.

The California Highway Patrol said the electric-powered Tesla Model X crashed into a freeway divider on Friday and then was hit by a Mazda before colliding with an Audi.

The Tesla’s lithium batteries caught fire, and emergency officials consulted company engineers before determining how to extinguish the battery fire and move the vehicle safely. NTSB said the issues being examined include the post-crash fire and removing the vehicle from the scene.

The Tesla blog post said Tesla battery packs are designed to ensure that a battery spreads slowly in the rare circumstance it catches fire.

In January, the NTSB and U.S. National Highway Traffic Safety Administration sent investigators to California to investigate the crash of a fire truck and a Tesla ,夜上海论坛Caden,that apparently was traveling in semi-autonomous mode. The agencies have not disclosed any findings.

The NTSB can make safety recommendations but only NHTSA can order automakers to recall unsafe vehicles or fine automakers if they fail to remedy safety defects in a timely fashion. Before the agency can demand a recall, it must open a formal investigation, a step it has not yet taken.

Tesla’s Autopilot allows drivers under certain conditions to take their hands off the wheel for extended periods. Still, Tesl,上海晚上耍女人的地方Quay,a requires users to agree to keep their hands on the wheel “at all times” before they can use Autopilot.

The NTSB faulted Tesla in a prior fatal Autopilot crash.

In September, NTSB Chairman Robert Sumwalt said operational limitations in the Tesla Model S played a major role in a May 2016 crash in Florida that killed a driver using Autopilot. That crash raised questions about the safety of systems that can perform driving tasks for long stretches but cannot completely replace human drivers.

Tesla in September 2016 unveiled improvements to Autopilot, adding new limits on hands-off driving.

GM says South Korean unit will file for bankruptcy if no union…

SEOUL ( ) – General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labor costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue plan.

The U.S. automaker announced in February it would shut down one of its four factories in South Korea, and asked for government support and union concessions to stay in South Korea.

Barry Engle, the President of GM International, also told the union leader of GM Korea on Monday the unit needed to secure $600 million in operating funds by the end of April, the union said in a document reviewed by .

A GM Korea spokesman said the union concessions were needed for the automaker to present a confirmed turnaround plan to the government by April 20. GM wanted the union to reach a wage deal by the end of March, he added.

If GM Korea failed to present the plan by April 20 it would have no choice but to f,夜上海论坛Oakley,ile for bankruptcy, the spokesman said.

The crisis at GM Korea has created challenges the administration of President Moon Jae-In, who came to power last year promising to prioritize job creation.

A government official told GM appeared to be “using threats to ramp up pressure on the union to make concessions by the end of March”. He spoke on condition of anonymity because of the sensitivity of the issue.

Engle, based in Detroit, has made a flurry of visits to South Korea this year. He met the chairman of GM Korea’s second-largest shareholder, state-funded South Korean Development Bank, on Tuesday morning, followed by vice industry minister Lee In-ho later in the day, according to the GM spokesman.


South Korea was for years a low-cost export hub for GM, producing close to a fifth of its Chevy global output at its peak.

Related CoverageGM expects South Korea-US’s revised trade deal to ease investment risks: South Korea’s上海夜生活网 trade ministrySouth Korea’s due diligence on GM’s local unit going ‘smoothly’: source

But the automaker’s decision to exit other unprofitable markets have exacerbated problems for GM Korea.

Almost 2,500 workers at GM Korea, some 15 percent of its staff, have applied for a redundancy package that the U.S. automaker is offering as part of a drastic restructuring, union officials have said previously.

According to the union, Engle said GM Korea may consider more voluntary redundancies for the remaining 680 workers at the Gunsan factory which will face a shutdown by May.

Engle said the South Korean government should also promise to provide support for GM Korea by April 20, the union document said.

Earlier this month, KDB began a due-diligence review of GM South Korea to decide whether to inject more capital into the unit. The review is expected to be completed by mid-May.

The union said earlier this month it will not demand a pay rise and bonuses,上海凤楼夜网Tallulah, this year, but instead wants the U.S. automaker to provide a future production plan and job security.

GM Korea still wants the union to agree to ,夜上海419龙凤论坛Sabrina,cut benefits worth 80-90 billion won ($74-$84 million), a union official said on Tuesday. The automaker had already achieved cost cuts of over 500 billion won through union concessions on wages and bonuses and voluntary redundancies, the union official added.

GM Korea plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion restructuring proposal, according to a document seen by earlier this month.

GM Korea, which employs nearly 16,000 people, has said that without new funding from its major shareholders it would face a first-quarter “cash crisis”.

GM owns 77 percent of its South Korean unit GM Korea, while KDB owns a 17 percent stake. GM’s main Chinese partner, SAIC Motor Corp Ltd, controls the remaining 6 percent.

GM headquarters in Detroit has lent its South Korean unit some $2.7 billion won, which it offered to swap into equity if it gets government support and union concessions.

GM last month agreed to grant temporary relief in repaying 700 billion won in debt due at the end of February, with more debts due in the coming months.

Aluminum wrestles with steel over electric vehicle market

LONDON ( ) – When electric carmaker Tesla Inc. launched its first mass market model last summer, it sent a shockwave through the aluminum industry by largely shifting to steel and away from the lighter weight metal it had used in its first two luxury models.

The switch by Elon Musk’s Tesla to the heavier-but-cheaper metal high上海夜生活论坛lights how steel is fighting back against aluminum, which had widely been expected to be the bigger beneficiary of the electric vehicle revolution.

Aluminum had been seen as the key to offsetting the weight of batteries in order to extend the range of electric vehicles, crucial to increased consumer acceptance.

But as makers of battery-powered cars look to tap into bigger markets with cheaper vehicles – and embrace technological developments in batteries and components – many are increasingly looking to steel to cut costs. The price of Tesla’s mass-market orientated Model 3 is around half of the £70,000 luxury Model S.

“Before the aim was ‘Let’s get the [electric vehicles] developed’, now it’s ‘Let’s get them developed at the right price point,’” says Mauro Erriquez, a partner at McKinsey & Company in Germany who specializes in the auto sector.

It is the latest tussle in a decades-long battle between steel and aluminum for market share among automakers, seeking to cut the weight of vehicles to help slash emissions and meet tough government pollution standards.

Steel is also winning back some market share among gasoline vehicles, such as the Audi A8. The latest model abandoned its heavy use of aluminum and shifted to a mix of steel, aluminum, magnesium and carbon fiber.

The competition between the metals has intensified amid rapidly growing demand for battery-powered cars.

Sales of electric and hybrid vehicles are due to surge to 30 percent of the global auto market by 2030, according to metal consultants CRU, up from 4 percent of the 86 million vehicles sold last year.

In China, the world’s largest auto market, sales of new energy vehicles are due to grow by 40 percent this year to top 1 million vehicles, according to the China Association of Automobile Manufacturers.

Tesla declined to comment, but in a filing with the U.S. Securities and Exchange Commission last month it said it designed the Model 3 “with a mix of materials to be lightweight and safe while also increasing cost-effectiveness for this mass-market vehicle”.

Other makers of mass market electric vehicles that have also chosen steel over aluminum include Nissan Motor Co Ltd’s (7201.T) Leaf, the world’s best-selling all-electric vehicle, and Volkswagen’s (VOWG_p.DE) e-Golf.

The e-Golf has 129 kg of aluminum and the Leaf uses 171 kg while Tesla’s luxury Model S contains 661 kg of the metal, according to A2mac1 Automotive Benchmarking. A detailed breakdown was not available for the Tesla 3.

(For a graphic of Metals used in vehicles click


Aluminum is still expected to benefit greatly from the electric vehicle revolution, however, especially from hybrids because they have two engines.

Both the combustion engine block and transmission are typically made of aluminum while the metal is also often used for housing the battery and motor in electric vehicles, according to auto metals specialist AluMag in Germany.

And, because it is expected to be years before pure electric vehicles become widely used – in part due to the lack of power charging networks – the growth of hybrids in the interim is expected to benefit aluminum.

According to CRU Consultant Eoin Dinsmore, demand for aluminum from electric and hybrid vehicles is forecast to increase ten times to nearly 10 million tonnes by 2030.

Aluminum was used in the first electric London black cab, which launched last year, spurring the reopening of a UK aluminum plant in Wales owned by Norway’s aluminum producer Norsk,上海夜生活桑拿会所Hadleigh, Hydro NYH.OL.

“We chose aluminum as a material as it is nearly three times lighter than steel in its raw form, and it absorbs twice as much energy in a crash,” said Chris Staunton, chief engineer of body structures for the firm that developed the taxi for the London Electric Vehicle Company (0175.HK).

Both Staunton’s firm and the London Electric Vehicle Company are owned by China’s Geely Automotive Holdings Ltd 0175.HK>.

(Graphic: Aluminum content climbs in vehicles –


But aluminum remains more expensive than steel. Benchmark aluminum futures CMAL3 on the London Metal Exchange are around $2,050 per ton,,上海021夜网Gabe, more than three times the cost of LME steel rebar SRRc1 at $585 a ton.

The price gap between the types of aluminum and steel used in autos was not as wide, but still represented significant savings by using steel, industry experts said.

Meanwhile, stronger and cheaper batteries for electric vehicles as well as developments in the components that generate power and overall structural design have lessened the need for aluminum to cut weight to extend the range.

Since 2010, the cost of batteries have tumbled to as low as $114 per kilowatt hour from $1,000/kwh and are expected to drop further in coming years, according to AluMag.

“I think car makers are finding that as battery costs fall they can achieve their range requirement with an all-steel solution,” said George Coates, technical director for WorldAutoSteel, the automotive arm of the World Steel Association.

Improvements in the powertrain – the main components in a car that generate power – have also had a big impact.

The 2017 model of the Nissan Leaf extended its range by nearly 50 percent to 172 km compared to the 2011 version mainly by improving the powertrain, consolidating four separate systems into one, said McKinsey’s Erriquez.

(For a graphic on Aluminum vs Steel prices click


At the same time, the steel industry has developed Advanced High Strength Steel products, which are stronger and lighter than normal steel, and importantly, cheaper than aluminum.

“(Steel) companies like ThyssenKrupp (TKAG.DE) and ArcelorMittal (MT.AS), they’re not going to just give up this market share. There will be a battle for the material,” said Jost Gaertner, partner at AluMag.

Future models will likely contain a complex mix of materials, including various grades of steel, aluminum, carbon fiber, magnesium and plastics, automakers and consultants said.

BMW, which used large amounts of costly aluminum,上海新夜网龙凤Falkner, and carbon fiber in its i3 and i8, told it was not planning to increase the use of those materials in future electric models.

“There is no ‘one material fits all’ solution” for future electric vehicles, the German carmaker said in an email.

“We will continue to employ each material in a way and in a quantity which brings in its specific advantages.”

Home improvement chain Lowe’s CEO to retire, shares rise

( ) – Lowe’s Cos Inc (LOW.N) on Monday said its chief executive officer is retiring, the latest executive departure as the home improvement chain tries to move out of the shadow of larger rival Home Depot Inc (HD.N) that has outperformed it for years.

Shares of Lowe’s rose as much as 7.8 percent to $90.33 after R,上海高端夜生活在那里Rachel,obert Niblock said he would step down once a successor was found.

The No. 2 U.S. home im,上海仙霞路夜生活Gabrielle,provement store has struggled to control margin pressures and its same-store sales growth has trailed Home Depot’s for many years, weighed down by a focus on do-it-yourself customers compared to Home Depot’s core customer base of professional ,上海足浴夜网联系方式Kaiden,contractors who bill more.

Lowe’s underperformance has also attracted shareholder activism.

Hedge fund D.E. Shaw Group secured two independent board seats after taking a nearly $1 billion stake and agitating for change. D.E. Shaw, best known as a quantitative hedge fund, started carving out an activist practice last year.

D.E. Shaw portfolio manager Quentin Koffey said in a statement that Niblock leaves the company in “excellent condition” to execute on value creation opportunities.

In the past year, Lowe’s stock gained 1.7 percent, in contrast to Home Depot’s near 17 percent rise.

Telsey Advisory Group analyst Joseph Feldman said, “a transition will be well received by investors, given their pent-up frustration with the company, and could be the first step toward improved operational execution.”

Niblock’s departure follows the retirements of Chief Financial Officer Robert Hull and Chief Operating Officer Rick Damron over the past year.

Lowe’s said its board has formed a six-person committee to find a successor, led by D.E. Shaw-backed director David Batchelder.

“After a 25-year career at Lowe’s … I am confident that it is the right time to transition the company to its next generation of leadership,” Niblock, who is also the chairman and president of上海夜生活 the board, said in a statement.

Since Niblock took the top job at Lowe’s in January 2005, the company’s sales have risen 88 percent to $68.62 billion, while the stock has gained more than threefold.

Lowe’s shares closed 6.6 percent higher at $89.30.

Investment banks promise reform after admitting big UK gender pay gaps

LONDON ( ) – Citigroup, Bank of America Merrill Lynch (BAML), Credit Suisse and Morgan Stanley all revealed large gender pay gaps in their British operations on Tuesday, the latest banks to report lower average hourly pay for women caused by having fewer female staff in top roles.

Citigroup had the highest disparity in average pay for women among those banks, disclosing a mean gender pay gap of 44 percent for 2017.

At Morgan Stanley, the gap was 42.8 percent, a spokesman said. Credit Suisse put its gap at 39.2 percent and Bank of America reported a difference of 28.7 percent.

The disclosur上海夜网es indicate how few women have made it to the higher-paid, higher-profile roles in British banking.

The gender pay gap measures the difference between the average hourly salary of men and women, and is different from equal pay considerations, which examine disparity in pay for t,上海夜生活桑拿会所Kade,he same work at the same level of seniority.

The British government has ordered thousands of large UK employers to disclose their gender pay gaps by April 5.

Credit Suisse’s UK chief executive and group chief financial officer David Mathers sent a memo to all UK staff, which saw.

“For me, these numbers are disappointing, and while they reflect an improvement, there is clearly much work to be done,” Mathers wrote, referring to the fact that the median pay gap had improved to 28.9 percent in 2017 from 31.9 percent in 2016.

All four banks said the main cause of the gap was the hi,上海凤楼夜网Qirin,gher proportion of men in senior roles.

“Addressing this gap through a more gender-balanced workforce at our own organization, and across the broader financial services industry, will take time,” said Sheri Bronstein, BAML’s global human resources executive, in the bank’s report.

The banks said they had made some progress in recent years, but they have a long way to go before equality is reached.

Citi said its board of directors was 31 percent female, and that women now headed its operations in 26 percent of its countries in Europe, Middle East and Africa, up from 15 percent in 2014.

The pay disparity for bonuses is even higher than for average pay, with Bank of America and Credit Suisse reporting mean gender bonus gaps of 57.9 percent and 70.,上海仙霞路夜生活Balthazar,2 percent respectively.

Morgan Stanley’s mean bonus gap was 72.7 percent, the spokesman said.

The U.S. bank Goldman Sachs disclosed a gender pay gap of 55.5 percent earlier this month.

Stocks tumble to worst day in six weeks after Trump tariff action

NEW YORK ( ) – U.S. stocks slumped on Thursday as President Donald Trump’s move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street’s three major indexes since they entered correction territory six weeks ago.

Trump signed a presidential memorandum that will target the Chinese imports only after a consultation period. China will have space to respond, reducing the risk of immediate retaliation from Beijing.

But after equities recovered somewhat from earlier lows, selling pressure resumed on Wall Street heading into the close as investors fretted over the potential scale of U.S tariffs and possible impact on global trade.

“There’s too much negative sentiment right now,” said John Carey, portfolio manager at Amundi Pioneer Asset Management in Boston. “It’s possible that it will be rough sledding for a while. I don’t see anything on the horizon that will reassure people that things are just great.”

Related CoverageS&P 500 futures fall after Trump ousts McMasterInstant View: U.S. stocks tumble on trade worries

Major industrials slumped. Plane maker Boeing Co lost 5.2 percent, Caterpillar Inc dropped 5.7 and 3M Co lost 4.7. The three were among the biggest drags on,上海夜生活论坛Eden, the Dow Jones Industrial Average. The S&P industrials sector plunged 3.28 percent.

The Dow Jones Industrial Average fell 724.42 points, or 2.93 percent, to 23,957.89, the S&P 500 lost 68.24 points, or 2.52 percent, to 2,643.69, and the Nasdaq Composite dropped 178.61 points, or 2.43 percent, to 7,166.68.

The losses上海夜网 marked the biggest daily percentage drop for each of the major indexes since Feb. 8, when the Dow and S&P confirmed a market correction from their Jan. 26 highs.

Selling was broad, with only the defensive utilities 0.44on the plus side, up 0.44 percent, out of 11 major S&P sectors.

The CBOE Volatility Index, the most widely followed,上海夜生活服务Idaia, barometer of expected near-term volatility in the S&P 500, finished up 5.48 points at 23.34, its highest close since Feb. 13.23.34

U.S. treasury prices gained as investors sought out safe havens. Benchmark 10-year notes last rose 23/32 in price to yield 2.8244 percent, from 2.907 percent late on Wednesday.

The dro,上海会所夜网Idaia,p in yields weighed on financial stocks, which were down 3.70 percent, making them the worst performing of the major sectors.

Another decline in shares of Facebook Inc, down 2.7 percent, continued to weigh on the broader market and the tech sector, the best performing S&P group for this year. The S&P technology index fell 2.69 percent on fears of greater regulation in the wake of the Facebook data leak.

Facebook Chief Executive Mark Zuckerberg said he was open to additional government regulation and happy to testify before the U.S. Congress.

AbbVie Inc tumbled 12.8 percent after the drugmaker said it would not seek accelerated approval for its experimental lung cancer treatment based on results from a mid-stage study.

Declining issues outnumbered advancing ones on the NYSE by a 4.51-to-1 ratio; on Nasdaq, a 4.09-to-1 ratio favored decliners.

The S&P 500 posted three new 52-week highs and 19 new lows; the Nasdaq Composite recorded 36 new highs and 59 new lows.

Volume on U.S. exchanges was 7.77 billion shares, compared to the 7.17 billion average for the full session over the last 20 trading days.

General Mills cuts profit forecast as freight, commodity costs weigh

( ) – Cheerios cereal maker General Mills Inc (GIS.N) said a sharper-than-expected increase in freight and commodity costs would hurt full-year profit to a greater degree than it forecast just a month ago, driving its shares down more than 10 percent on Wednesday.

The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said full-year segment operating profit would decline by 5 percent to 6 percent, widely below the decline of as much as 1 percent the company said it was expecting in February.

General Mills, like other U.S. packaged food companies, has been facing higher transportation costs as railroads and truck fleets have raised prices amid a shortage of drivers, reduced capacity, higher fuel prices and a strengthening U.S. economy.

Chief Executive Jeff Harmening said North A上海夜生活论坛merican freight prices were near 20-year highs in February and that rising commodities costs, including grains, fruits and nuts, had made matters worse.

Harmening said General Mills was moving urgently to reduce costs, hoping to minimize damage to full-year earnings and protect 2019 profits by improving its distribution network, cutting costs globally and finding ways to eke out better product margins.

“We are unsure how one of the biggest companies in the world, one with fairly predictable sales, could have a forecasting system with such inaccurate outputs,” J.P.Morgan analyst Ken Goldman said.

Shares in General Mills were down 9.7 percent in morning trading, leading a 1.4 percent decline in the Dow Jones Titan Food & Beverage index.DJTFOB.


General Mills said cost-saving measures would include increasing the number of qualified freight carriers, using different modes of transportation and tightly monitoring spending for the rest of the fiscal year.

Cost savings might only be a temporary fix and run out of steam as top-line weakness trickles through, Bernstein analyst Alexia Howard wrote in a note. Howard said she was uncertain if General Mills would be able to pass on higher costs and freight inflation to retailers that are fighting to cut costs themselves.

General Mills, which also makes Yoplait yogurt and Nature Valley granola bars, now expects fiscal 2018 adjusted earnings per shar,上海足浴夜网联系方式Kailani,e to grow up to 1 percent, com,上海夜生活乌托邦Quaid,pared with a prior forecast for a 3 percent to 4 percent increase.

Excluding one-time items, the company earned 79 cents per share. Ne,上海夜网官方网站Oakley,t sales rose 2.3 percent to $3.88 billion.

Analysts had expected third-quarter earnings of 78 cents per share and revenue of $3.78 billion, according to Thomson I/B/E/S.

Uber to share its London data in latest charm offensive

LONDON ( ) – Uber [UBER.UL] said on Thursday it will share data gathered from the millio,上海凤楼夜网Macauly,ns of trips its cars make in London in the latest move to meet requests from the city’s regulator, which stripped the taxi app of its license last year.

Uber is fighting to keep its 40,000 drivers operating on the roads of Britain’s capital city, its most important European market, after Transport for London (TfL) deemed it not “fit and proper” to run a taxi se,上海夜生活乌托邦Kade,rvice, in a move which it is appealing.

The Silicon Valley firm has announced a number of changes to its business model in recent months including the introduction of 24/7 telephone support and the proactive reporting of serious incidents to London’s police.

On Thursday, it said anyone would be able to look at its anonymised information, including on past travel conditions and how journey times in different areas of London are affected by events and road closures.

“We’ve heard feedback from the cities we operate in that access to some of our aggregated data could help inform transport policy and future investments,” Uber’s Head of UK Cities Fred Jones said.

“… we want to be a better partner to city planners and regulators, so we hope this data will help give them valuable insights for the future.”

Last month, TfL said operators should “share travel pattern,上海夜玩网论坛Radley, data to i上海夜生活网mprove understanding of their services” as part of proposals to shake up the private hire industry.

On Thursday the transport authority said it welcomed any move which provided greater insight.

The service, called Uber Movement, will also be rolled out in Birmingham and Manchester in the coming months.

Uber’s license in Birmingham has been extended while the council continues to consider its renewal request.

Fatal U.S. self-driving auto accident raises novel legal questions

NEW YORK ( ) – The death of a pedestrian hit by a self-driving Uber vehicle in Arizona this week could offer a test of who can be held legally responsible for accidents when a human is no longer at the wheel, legal experts said.

Any litigation that arises from the accident, the first fatality involving a fully autonomous vehicle, could pit the ride-hailing service against technology suppliers and the vehicle’s manufacturer, legal experts said. It could also provide a window into confidential indemnification agreements that companies developing self-driving car systems may have reached to shield themselves legally.

In Sunday’s accident, Elaine Herzberg, 49, was walking her bicycle outside the crosswalk on a four-lane road in the Phoenix suburb of Tempe when she was hit by the Volvo XC90 SUV, which was traveling in autonomous mode at about 40 miles per hour, police said.

Tempe Police Chief Sylvia Moir, who saw video of the crash, told the San Francisco Chronicle late Monday that it “would have been difficult to avoid this collision in any kind of mode (autonomous or human-driven) based on how she came from the shadows right int,上海夜网后花园Macey,o the roadway.”

The Tempe Police Department said in a statement later that the department does not determine fault in vehicle collisions. “Ultimately the investigation will be submitted to the Maricopa County Attorney’s Office for review and any potential charges,” it said.

It was not clear whether a lawsuit would be filed on behalf of Herzberg’s estate.

Bryant Walker Smith, a law professor at the University of South Carolina with expertise in self-driving cars, said most states, including Arizona, require drivers to exercise due care to avoid hitting pedestrians on a roadway, even if the pedestrians use an unmarked crosswalk.

Sergei Lemberg, a California-based law,上海新夜网龙凤Paisley,yer who has brought several lawsuits against self-driving car manufacturers, said that Uber, Volvo, which manufactured the sport utility vehicle, and any companies that supplied self-driving technology could potentially be held liable if litigation ensued from the Tempe accident. The “safety” driver who was behind the wheel but who appears not to have operated the vehicle could also be named as a defendant, Lemberg said.

“Suing all these parties would be my top thought right now,” he said.

Uber said in a statement it was fully cooperating with local authorities investigating the accident.

Volvo, the Swedish car brand owned by China’s Geely, confirmed its vehicle was involved in the crash but said the software controlling the SUV was not its own. Volvo said in 2015 it would accept full liability when one of its vehicles equipped with its own self-driving system was in autonomous mode. The company said in 2017 it had agreed to supply Uber with 24,000 self-driving vehicles.

Until now, most litigation over non-fatal accidents involving self-driving vehicles has been confidentially settled, according to legal experts. A case in which a motorcyclist sued General Motors (GM.N) after a collision last year with one of the company’s autonomous test cars in San Francisco is pending.

Related CoverageFactbox: How United States, others regulate autonomous vehicle testing

GM has said in a statement regarding the lawsuit that in its collision report the San Francisco Police Department determined that the autonomous vehicle was not at fault in the accident.

Legal experts said liability in the Tempe case would depend on the facts of the accident and the results of U.S. National Highway Safety Administration and National Transportation Safety Board investigations.


Car accident litigation usually turns on whether a driver acted negligently, or failed to exercise a reasonable level of care.

By contrast, a lawsuit involving an autonomous vehicle could revolve around whether the self-driving system had a design defect, legal experts said.

Design defect claims do not require a finding of fault or negligence. To prevail, a plaintiff must show only that a product had an inherent design defect that would render it unsafe.

Automakers and software writers could counter with detailed data gathered by on-board sensors on how cars behaved during a collision, experts said, to show that it was impossible for the vehicle to avoid a collision and that all the systems functioned properly.

One question that would likely arise in litigation is whether Uber, Volvo or any companies that supplied self-driving technology entered into indemnification agreements, in which an entity assumes another company’s liability costs.

Paul Rafferty, a California-based lawyer who represents carmakers, said such agreements in the autonomous vehicle world are confidential and disputes over indemnification are generally arbitrated or mediated behind closed doors.

Volvo declined to comment on whether it had entered into indemnification agreements with Uber.

Jennifer Dukarski, a Detroit-based lawyer representing suppliers of autonomous-vehicle technology, said the lawsuit filed by the San Francisco motorcyclist against GM raised only negligence claims.

So if any litigation in the Arizona accident alleges design defect claims, it could set legal precedent and be “very impactful” on the nascent autonomous vehicle industry, she said.

Regardless of who is at fault, the University of South Carolina’s Smith said he would expect Uber, which has faced past scrutiny over its business practices, to settle any litigation quickly to avoid the public spotlight.

“Only if Uber believes tha上海夜生活论坛t it was wholly without fault could I see this case going ,上海凤楼夜网Tallulah,to trial,” he said.

Germany summons Facebook over user data safety concerns: report

BERLIN ( ) – Germany’s justice minister Katarina Barley has asked Facebook to clarify whether the personal data of the social media site’s 30 million users in the country were protected from unlawful use by third parties, according to a report in the Funke group,上海凤楼夜网Cade, of German regional newspapers.

Barley, in remarks published on Thursday in the newspapers, said Facebook’s management in Europe must explain to the German government how data of millions of American Facebook users reached Cambridge Analytica, a consultancy hired by U.S. President Donald Trump for his 2016 election campaig,上海会所夜网Mabel,n.

“The question of what happens with the data of 30 million German users is a central issue of consumer protection,” she said.

The justice ministry could not be reached for comment.

Barley has summoned Facebook for talks at the justice ministry. She did not say when the meeting would take place.

She also said it was unacceptable that social media users “are spied on in order to be targeted with election ads or bombarded with hate messages against political rivals”.

Clear rules were needed to prevent such misuse of user data, which poses a threat to democracy, she said in the newspaper report.

Facebook has been rocked this week by a whistleblower who said Cambridge Analytica, which Trump hired for the 2016 campaign, improperly accessed information on Facebook users to build detailed profiles on American voters.

The revelation has knocked nearly $50 billion off Facebook’s stock market value in two days and hit the shares of Twitter and Snap over fears that a failure by ,上海夜网邀请码Rachel,big tech firms to protect personal data could deter advertisers and users and invite tougher regulation.

A former Facebook operations manager told a British parliamentary committee on Wednesday that data harvesting of member profiles by outside software developers was once routine and that the company took years to clamp down on the practice.

Facebook declined to comment directly on the testimony of the ex-employee, Sandy上海夜生活 Parakilas.

In announcing the suspension of Cambridge Analytica and related researchers from Facebook late last week, it said it now requires app developers to justify any data they collect and how they are going to use it

“In the past five years, we have made significant improvements in our ability to detect and prevent violations by app developers,” Facebook said.

Tesla shares dive again, stung by fatal crash, credit downgrade

NEW YORK ( ) – Tesla Inc shares fell sharply again on Wednesday, reeling from a credit downgrade of the electric car maker by Moody’s Investors Service, federal probes of a fatal crash and concerns about Model 3 production.

Shares tumbled 9 percent before ending down 7.7 percent at $257.78. On Tuesday, Tesla tumbled 8.2 percent to its lowest close in almost a year after the U.S. National Transportation Safety Board (NTSB) opened a field investigation into a fatal crash and vehicle fire in California on March 23.

On Wednesday, a second federal regulator, the National Highway Transportation Safety Administration (NHTSA), said it was sending a team to California to investigate the crash.

Late on Tuesday, Moody’s Investors Service downgraded Tesla’s credit rating to B3 from B2, citing “the significant shortfall in the production rate of the company’s Model 3 electric vehicle.” It also noted “liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds.”

Tesla has $230 million in convertible bonds maturing in November 2018 and $920 million in March 2019.

Moody’s said its negative outlook “reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall.”

Related CoverageExtreme bearish options on Tesla making money as stock divesU.S. auto safety agency to probe fatal Tesla California crash

It said Tesla’s weekly production target is now 2,500 Model 3 vehicles by the end of March, down sharply from its year-earlier target of 5,000 per week by the end of 2017. Tesla’s weekly target for the end of June is 5,000.

Tesla declined to comment on the downgrade. The compan,上海夜哪里艳遇Eden,y plans to provide an update on Model 3 production next week.

Tesla shares have e,上海会所夜网Sabrina,xperienced big swings in the past, as worries about losses have vied with enthusiasm for Chief Executive Elon Musk’s ambitiou,上海夜生活怎么玩Qirin,s plans.

The sell-off has left Tesla’s stock market value at $44 billion, below General Motors Co’s $49 billion. Palo Alto, California-based Tesla has at times had a larger market value than GM, the largest U.S. automaker by vehicle sales.

Since the end of February, the median analyst price target for Tesla has dipped by $10 to $356, about 37 percent higher than Wednesday’s price, according to Thomson data. Nomura Securities analyst Romit Shah has the highest Tesla price target, $500, or nearly double th上海夜生活e current price. All the targets were set before the March 23 crash.

In last week’s accident in which the Tesla struck a highway median, it was unclear if the vehicle’s automated control system called Autopilot was driving, the NTSB and police said.

The 38-year-old driver of the Tesla died at a nearby hospital shortly after the crash.

Late Tuesday, Tesla said in a blog post it does “not yet know what happened in the moments leading up to the crash,” but added that data shows Tesla owners have driven the same stretch of highway with Autopilot engaged “roughly 85,000 times … and there has never been an accident that we know of.” The statement did not say if the crashed vehicle was in Autopilot mode.

Judge blocks Indiana governor’s order barring Syrian refugees

( ) – A U.S. judge on Monday blocked Indiana Governor Mike Pence’s order barring state officials from helping Syrian refugees resettle in the state, saying it was discriminatory.

Pence was among more than 25 U.S. governors, mostly Republicans, who called on President Barack Obama to stop resettling refugees fleeing Syria’s civil war after Novem,上海足浴夜网联系方式Idris,ber attacks by militants in Paris that killed 130.

Governors have cited concerns that some refugees could be associated with Islamic State, which claimed responsibility for the attacks.

The suit brought by the American Civil Liberties Union on behalf of Exodus Refugee Immigration Inc was among the first challenging governors’ moves to block resettlement.

“The State’s conduct clearly discriminates against Syrian refugees based on their national origin,” U.S. District Judge Tanya Walton Pratt said in a ruling granting the preliminary injunction.

She added that withholding federal grant money from Exodus did not advance Indiana officials’ assertions that they were barring refugees for safety reasons.


Indiana Attorney General Greg Zoeller plans to appeal the decision and will seek a stay of Pratt’s order, a spokesman for the attorney general’s office said in a statement.

The ACLU had contended that decisions on immigration and refugee resettlement were exclusively the province of the federal government and could not be dictated by state officials.

Indiana had argued that Exodus, a nonprofit that gets federal money to resettle refugees, lacked standing to assert refugees’ rights.

The U.S. Sta上海夜网te Department said in November that a refugee

family that had been headed to Indiana was relocated to

Connecticut, but did not specify the family’s country of origin.

After the Paris attacks, the Obama administration stood by its pledge to admit some 10,000 refugees to the United States over the following year.

Refugee advocates have noted that candidates,夜上海419龙凤论坛Macauly, for resettlement go through extensive background checks, taking up to two years, before reaching the United States.

Social media stocks tumble as Wall Street fears regulation

SAN FRANCISCO ( ) – Shares of Facebook, Twitter and Snapchat-owner Snap fell further on Tuesday as Wall Street fretted over potential regulatory scrutiny that could hobble the business of the social networks.

Faceboo上海夜生活网k los,上海夜生活怎么玩Kailani,t 4.75 percent after it said it faced questions from the U.S. Federal Trade Commission about how its users’ personal data was mined by a political consultancy hired by Donald Trump’s campaign.

Since revelations on Saturday that a political consulting firm had improperly obtained personal data on 50 million Facebook users, the world’s largest social media company has lost $60 billion of its stock market value.

With concer,上海夜生活桑拿会所Dalton,ns that Facebook’s handling of users’ data would lead to stepped up government regulation, social media rival Twitter slumped 9.0 percent and was on track for its worst day since July last year.

Snap fell nearly 4.0 percent to $15.86, dipping further below the $17 price set in its public listing a year ago.

Adding to regulatory jitters, the Israeli newspaper Haaretz reported that Israel Justice Minister Ayelet Shaked accused Twitter of “lack of cooperation,” saying terrorist groups were using the site and that Israel was considering a law to combat such activity.

Longbow Asset Management Chief Executive Jake Dollarhide said his firm’s Twitter stake was in negative territory due to this week’s drop. He has no plan to sell because he believes Twitter faces ,上海夜网后花园Queena,less regulatory risk than Facebook or Snap.

“The average guy or gal uses it as a news feed,” Dollarhide said. “I don’t know what personal information I’ve ever shared on Twitter.”

New European Union privacy rules that go into effect in May will require letting European users opt out of highly targeted online ads, or face fines of up to 4.0 percent of annual revenues.

San Francisco-based Baker Avenue Asset Management chief investment strategist King Lip said Facebook and other social media companies face more regulatory risk from European governments than in the United States.

Credit reporting agency Equifax’s massive breach of consumers’ sensitive financial data disclosed last September led to government probes but no major regulatory or legal changes.

“Equifax’s breach was far more egregious than the Facebook issue, and there hasn’t been any significant legislation,” Lip said. “I think there’s going to be a lot of chatter about privacy issues surrounding Facebook, but I don’t think any significant legislation is going to be passed.”

Whole Foods calls supplier summit amid Amazon angst

LOS ANGELES/NEW YORK ( ) – Whole Foods will host a summit on Tuesday for up to 200 of its suppliers, amid anxiety about how its ongoing business revamp will play out under new owner (AMZN.O).

Amazon’s $13.7 billion purchase of Whole Foods last summer shook the grocery industry, spawning worries that the ecommerce giant would disrupt groceries the way it upended books, to,上海夜玩网论坛Pablo,ys and electronics.

In a restructuring,上海夜生活乌托邦Lake, effort underway before the acquisition, Whole Foods earlier this year began requiring suppliers to use a firm of its choosing to restock shelves and run promotions. As first reported in the Washington Post, Whole Foods is charging some suppliers the equivalent of 3 percent to 5 percent of sales to cover the cost of those broker services.

In addition, Whole Foods adopted a Costco Wholesale Corp (COST.O) style model for in-store sampling, asking companies to pay fees when Whole Foods offers shoppers free samples of their products.

Those changes caused heartburn for some small upstart brands. “There’s been a lot of brands at Whole Foods that probably shouldn’t have been there to begin with,” said food industry consultant Phil Lempert, who added that it should not be a surprise that the formerly freewheeling retailer is beginning to act like a more mainstream business.

Several mid-sized suppliers told they supported Whole Foods’ efforts to date.

“We have a chance to move faster,” said Califia Farms Chief Executive Greg Steltenpohl, among those who said he planned to attend the summit.

Califia sells almond milk and bottled coffee drinks at Whole Foods and on, which recently invited the Los Angeles-based company to be one of 52 brands to be featured on Amazon Launchpad, a new marketing service that aims to connect brands with Amazon shoppers.

“The changes we’ve been making across the company directly address the feedback our supplier partners have shared over the years about the challenges of our decentralized purchasing structure and inconsistent practices across regions and stores,” Whole Foods spokeswoman Robin Rehfield Kelly said in a statement.

Kelly said Whole Foods has worked for the last two years to streamline its 上海夜生活论坛processes across global and regional purchasing teams to ensure all its suppliers are supported under a consistent company-wide set of protocols.

Whole Foods Chief Executive John Mackey and members of the chain’s marketing and merchandising team will host the summit.


Whole Foods explosive growth faltered after Kroger Co (KR.N), Walmart (WMT.N) and other retailers started charging less for the many of the natural,上海夜生活怎么玩Sabrina,, organic and niche products that once set Whole Foods apart, giving it the ability to charge premium prices.

Since the restructuring, Whole Foods has replaced or stripped the power of its regional “foragers,” who identified and nurtured small brands. Without those champions, some of those products are being eliminated to make space for bigger, faster-moving brands.

“It was kind of disorganized before. More organization and clear communications is definitely better,” said Steve Savage, chief executive of Boulder, Colorado’s 1908 Brands, which sells Boulder Clean laundry detergent and other products at the chain.

“Amazon has encouraged Whole Foods to be more aggressive,” said Jeff “Trip” Tripician, general manager of Niman Ranch. It saw a robust rise in sales of its hams, sausage and bacon at the 473-store chain since the Amazon purchase, he said.

Average monthly foot traffic at Whole Foods has increased by 1.3 percent since the Amazon acquisition news broke in June, according to Venice Beach, California-based InMarket, which uses location data from 50 million smartphones to analyze visitation trends.

(This story corrects the first name of Califia Farms CEO in seventh paragraph.)

Take Five: World markets themes for the week ahead

LONDON ( ) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the stories related to them.


If fears of a trade war between the world’s two largest economies, the United States and China, weren’t enough to set the nerves racing, the two sides are butting against each other in the South China Sea again and Donald Trump has just,上海夜网邀请码Gabriella, tossed in the threat of another U.S. government shutdown.

Next week will probably see a drama involving all three and possibly other elements too that we don’t even know about yet.

However, some experienced analysts suggest that the rout in stocks may not point to panic over a full-scale trade war.

(GRAPHIC: Global stocks sell-off –


The first quarter draws to a close, and what a quarter it has been. Investors have had a lot thrown at them – from the biggest ever rise in stock market volatility to rapidly escalating tensions over global trade, deepening tumult in the White House and tech sector wobbles.

The market “melt-up” they all talked about in January has melted away, the Dow and S&P are down for the year, and the outlook for Q2 is a great deal more uncertain. Global trade tensions are now infecting investor sentiment and risk appetite, there are signs that growth has peaked (particularly in Europe), rising dollar interbank rates show no sign of reversing, and the global liquidity pool will shrink this year.

Will the bears continue to gain the upper hand in Q2, or will the bulls charge again?

(GRAPHIC: Q1 returns – winners & losers –


The final U.S. government read on fourth quarter GDP on Wednesday will come hot on the heels of the Federal Reserve’s first interest rate hike of the year.

In theory it should be reassuring. The United States is a fairly closed economy, and in the fourth quarter Donald Trump was dishing out tax cuts, not threatening trade wars.

The U.S. Commerce Department also said on Friday that new orders for key U.S.-made capital goods reboun,上海夜网Faith,ded more than expected last month and shipments of core capital goods saw the biggest advance since December 2016.

Other realtime data, though, is not so encouraging. An Atlanta Federal Reserve model which updates weekly is now forecasting Q1 GDP increasing at an annualized rate of 1.8 percent. At the start of March it was churning out numbers around 3.5 percent.



High expectations for European stocks in 2018 have not been met. Euro zone and UK business confidence data due out next week will either inflame or soothe concerns that the region’s economic momentum may be starting to wane.

Morgan Stanley equity strategists say Europe is now seeing record outflows versus the United States, and even the popularity of French President Emmanual Macron – elected last year with a strong mandate 上海夜生活to reform rigid labor markets – has now hit an all-time low in the polls.

The French CAC-40 share index is now down 5 percent from when Macron won power last May, though that is still better than the near 7 percent the pan-European Stoxx 600 has lost.

(GRAPHIC: Economic surprises: euro zone vs U.S. –


The Facebook shock has been a hugely significant moment in this long-running bull market. Tech and internet stocks – such as the fabled FAANGs and BATs – have dominated and driven the equity rally of the past 2-3 years – mainly because the digital revolution underlying the boom in those companies was seen as largely impervious to shifting political winds or even ebbs and flows in the economic cycle.

In the long run that may still be true. But Facebook’s travails ,上海夜生活网419Mace,and questions over the use of ‘Big Data’ more generally – or at least the advertising model underlying many of these companies – has cast some doubt over whether that progress is as linear as market pricing suggests.

Next week may well be all about the growls coming from governments and their regulators on how far they will go to rein in the power of social networks. Mark Zuckerberg already has a long list of what are not exactly ‘friend’ requests to testify in front of various countries’ lawmakers.

(GRAPHIC: Unfriended –

Chances of Republican brokered convention up since Super Tuesday:…

NEW YOR上海夜生活论坛K ( ) – The chances that the Republican Party will decide its nominee for the November presidential elec,上海夜生活Barney,tion through a brokered convention have increased since Super Tuesday even as front-runner Donald Trump has racked up primary wins, according to two online betting sites.

According to PredictIt, the probability of a brokered convention stood at 43 percent as of midday on Wednesday, following primaries in five states, including Florida and Illinois, the previous night. That was up from 35 percent on March 2, the day after Trump won contests in seven out of 11 states, according to the website, which is run by Victoria University in Wellington, New Zealand.

According to Ladbrokes PLC, another online betting site, the chances of a brokered convention were 4-5 on Wednesday, down from evens on March 2. That means there is a 56 percent probability of a brokered convention, up from 50 percent.

Trump’s chances of winning the general election dropped to 5/2 from 2/1 despite his victories on Tuesday night, but Ladbrokes attributed the result partly to a large single bet of nearly $20,000 that skewed the results. That gives him a 29 percent probability of winning, down from 33 percent.

The billionaire New York businessman has emerged as the clear leader in the Republican race. On Tuesday, he scored big wins in primaries in Florida, Illinois and North Carolina, knocking out rival Marco Rubio and bringing him closer to the 1,237 convention delegates he needs to win the nomination.

But he lost the crucial state of Ohio and left the door open for those in the party trying to stop him from becoming the Republican nominee for the Nov. 8 election.

That means that Trump might fall short of the majority required, enabling the party’s establishment to put forward another name at the July convention in Cleveland to formally pick its candidate.

Meanwhile, Democratic front-runner Hillary Clinton’s chances of winning the presidency fell to 4/9 from 8/15. That increases her probability of winning to 69 percen,上海夜生活怎么玩Landon,t from 65 percent following Tuesday’s primary victories in Florida, Illinois, Ohio and North Carolina. Those wins cast doubt on U.S. Senator Bernie Sanders’ ability to o,上海夜生活网交流Sabrina,vertake her for the Democratic Party’s nomination.

Trump backs waterboarding and ‘a lot more’ after Brussels attacks

WASHINGTON ( ) – Republican presidential front-runner Donald Trump said on Tuesday the United States should use waterboarding and other harsh interrogation techniques when questioning terror suspects, and renewed his call for tougher U.S. border security after the attacks in Brussels.

The billionaire businessman said authorities “should be able to do whatever they have to do” to gain information in an effort to thwart future attacks.

“Waterboarding would be fine. If they can expand the laws, I would do a lot more than waterboarding,” Trump said on NBC’s “Today” program, adding he believed torture could produce useful leads. “You have to get the information from these people.”

Waterboarding, the practice of pouring water over someone’s face to simulate drowning as an interrogation tactic, was banned by President Barack Obama days after he took office in 2009. Critics call it torture.

Trump’s main Republican rival, U.S. Senator Ted Cruz of Texas, suggested heightened police scrutiny of neighborhoods with large Muslim populations.

“We need to empower law enforcement to patrol and secure Muslim neighborhoods before they become radicalized,” he said in a statement.

Trump also called for increased law enforcement surveillance of mosques in the United States.

“You need surveillance. You have to deal with the mosques, whether we like it or not,” Trump told Fox Business Network. “These attacks … they’re not done by Swedish people, that I can tell you.”

Islamic State claimed responsibility for Tuesday’s suicide bomb attacks on Brussels airport and a rush-hour metro train in the Belgian capital which killed at least 30 people.

Trump, who has called for a temporary ban on Muslims entering the country, urged tougher measures to stop the flow of illegal immigrants, particularly Syrian refugees, into America.

“As president … I would be very, very tough on the borders, and I would be not allowing certain people to come into this country without absolute perfect documentation,” said Trump, campaigning to become the Republican nominee for the Nov. 8 election that will decide on Obama’s successor.

The Brussels attacks brought national security back to the top of the presidential election agenda, possibly sharpening the division between Trump’s isolationist approach to foreign policy and his Republican rivals’ more traditional interventionist outlook.

On Monday, Trump expressed skepticism about the U.S. role in the North Atlantic Treaty Organization and said the United States should significantly cut spending on the defense alliance.


Cruz criticized Trump’s NATO proposal.

“The way to respond to terrorist attacks is not weakness. It’s not unilateral and preemptive surrender. Abandoning Europe, withdrawi,上海夜网千花Barbara,ng from NATO, as Trump suggests, is preemptive surrender,” Cruz told reporters in Washington.

Earlier attacks in Paris and San Bernardino, California, have pushed security issues to the forefront of the White House campaign debate.

When 130 people were killed in Paris in November, the threat of terrorism jumped from fifth to first on ,上海新夜网龙凤Sabine,a /Ipsos poll list of the country’s most important problems and remained there until the economy moved back to the top of the list in mid-January.

Democratic presidential front-runner Hillary Clinton said U.S. military leaders have found techniques like waterboarding are not effective.

“We’ve got to work this through consistent with our values,” she said on NBC, adding officials “do not need to resort to torture, but they are going to need more help.”

Clinton’s Democratic rival, U.S. Senator Bernie Sanders of Vermont, backed stronger intelligence-sharing and monitoring of social media in the fight against Islamist militants, but opposed bolstered surveillance of Muslim communities.

“That would be unconstitutional, and it would be wrong. We are fighting a terrorist organization, a barbaric organization that is killing innocent people. We are not fighting a religion,” Sanders told reporters.

Walid Phares, named by Trump this week as one of his foreign policy experts, told the Brussels attacks would force Europe and the United States to “reass,夜上海论坛Macey,ess” counter-terrorism strategies in “identifying the radicalized elements and also the type of protection soft targets need.”

Trump looks to take another step toward winning the Republican presidential nomination in contests in Arizona and Utah on Tuesday, aiming to deal another setback to the party establishment’s flagging stop-Trump movement.

He has a big lead in convention delegates who will pick the Republican nominee, defying weeks of attacks from members of the party establishment worried he will lead the Republicans to defeat in November.

In Arizona, one of the U.S. states that borders Mexico, Trump’s hardline immigration message is popular and he leads in polls, while in Utah Trump lags in polls behind Cruz.

In addition to the temporary ban on Muslims entering the country, Trump has called for the building of a wall on the U.S.-Mexican border to halt illegal immigration.

Russia eyes restrictions on U.S. imports in response to tariffs

MOSCOW/GENEVA, Russia ( ) – Russia will lik,上海夜生活男人好去处Hadrian,ely prepare a list of restrictions on imported products from the United States in response to U.S. tariffs on steel and aluminum, Moscow’s trade ministry said on Friday, according to Interfax news agency.

The announcement came after China threatened to retaliate to U.S. President Donald Trump’s measures, stoking fears of a looming global trade war.

“We will prepare our position, submit it to the Economy Ministry and apply to the WT上海夜生活网O (the World Trade Organization),” Russia’s Deputy Trade Minister, Viktor Yevtukhov, said, according to Interfax.

“We will probably prepare proposals on the response measures. Restrictions against the American goods. I think that all countries will follow this path,” Yevtukhov added.

The United States has said the tariffs are needed to protect its national security and therefore do not need to be cleared by the WTO. Many trade experts disagree saying they fall under the jurisdiction of the Geneva-based global trade body.

Russian steel and aluminum producers have been playing down the potential impact of the U.S. tariffs. But Russia’s Trade Ministry said there would be an impact.

Russian steel and aluminum producers may lose $2 billion and $1 billion, respectively, from the U.S. tariffs introduction, Yevtukhov said, citing preliminary estimates for the Trade Ministry. It was not clear whether he was referring to annual losses.

China’s commerce ministry said on Friday that the country was planning measures against up to $3 billion of U.S. imports to ba,上海夜生活桑拿会所Oakley,lance the steel and aluminum tariffs, with a list of 128 ,上海夜生活去哪玩Oakley,U.S. products that could be targeted.

China preparing list of retaliatory tariffs on U.S. imports: Global…

BEIJING ( ) – China will soon announce a list of retaliatory tariffs on United States exports to China to counter an expected announcement from the United States of proposed new tariffs on Chinese imports, the Global Times said Wednesday.

The Chinese list will target a large number of major U.S. imports to China, said the English-language editorial.

The widely-read state run Global Times is run by the ruling Communist Party’s official People’s Daily, although its stance does not necessarily equate with Chinese government policy.

Trade tensions between the two countries flared last week after U.S. President Donald Trump imposed tariffs on steel and aluminum imports and targeted China by announcin,上海夜玩网论坛Easton,g plans for tariffs on up to $60 billion of Chinese goods.

Alarm over a possible trade war between the world’s t,上海会所夜网Faith,wo largest economies has chilled financial markets as investors anticipated dire consequences should trade barriers go up due to Trump’s bid to cut the U.S. deficit with China.

Markets are now waiting for the U.S. to publish a list of Chinese products that could be targeted with additional tariffs after a U.S. inquiry found China guilty of intellectual property theft and unfair trade.

“Compared to China’s list, the U.S. list hurts itself more than C,上海夜生活去哪玩Eden,hina. The tougher the move, the stronger the impact on Washington,” said the Global Times in its editorial.

“This will deal a heavy blow to Washington that aggressively wields the stick of trade war and will make the U.S. pay a price for its radical trade policy toward China,” the tabloid outlet said.

The Global Times said the United States was naive to think it could make China agree to unreasonable demands as Chi上海夜网na’s economy is strong and stable, while it has “weathered bluster before from previous U.S. administrations”.

Kerry trip to Cuba for rights dialogue canceled: U.S. officials

WASHINGTON ( ) – Tentative plans for U.S. Secretary of St,上海夜网Octavien,ate John Kerry to visit Cuba before mid-March for a human rights dialogue have been canceled, two U.S. officials said on Thursday, amid concerns over the Cuban government’s human rights record.

Kerry told a congressional hearing on Feb. 23 that he might be in Cuba “in the next week or two” to hold a dialogue on human rights, ahead of President Barack Obama’s scheduled trip to the island on March 21-22.

The sources said the trip had been canceled because U.S. and Cuban officials were deep in negotiations on issues including which dissidents Obama might see in Havana and that a trip in the timeframe Kerry had mentioned was not seen as constructive.

State Department spokesman John Kirby said he had no updates regarding Kerry’s potential travel to Cuba.


“The Secretary is still interested in visiting in the near future, and we are working with our Cuban ,夜上海论坛Octava,counterparts and our embassy to determine the best timeframe,” Kirby said in an emailed statement.

U.S. critics of Obama’s opening to Cuba have complained that the president has received little in return for restoring diplomatic relations with the former Cold War foe.

On Feb. 24, the Cuban government granted seven dissidents who were out of prison on parole a one-time per上海夜网mission to travel outside the country in an apparent gesture to the United States ahead of Obama’s historic visit.

Written by shyw on September 8, 2018 Categories: rjpcynas Tags: , ,