(Reuters) – Boeing Co (BA.N) Chief Executive Officer Dennis Muilenburg said on Thursday he is hopeful that China and the U.S. are on a path to resolve their trade spat, on a day when global stocks fell on renewed fears of a trade war between the world’s two largest economies.
“We are hopeful coming out of the G20 summit that we are on a path to finding a trade agreement with China that’s going to be productive,” Muilenburg said in an interview with CNBC on Thursday.
China has become a key hunting ground for deals for foreign aviation firms thanks to surging travel demand, but the outlook has been complicated by Beijing’s desire to grow its own champions in industry.
Muilenburg also said 737 MAX is a “safe aircraft”, two months after a Boeing 737 MAX of Indonesia’s Lion Air Group crashed, killing all 189 people aboard. He added that the planemaker had a healthy production backlog.
Boeing shares fell about 4 percent while the Dow and the S&P were down more than 1.5 percent.
(Reuters) – Tesla Inc will pay a 50-50 mix of stock and cash to holders of its bonds due in March, if they elect to convert the debt, Bloomberg reported on Thursday, citing a copy of the settlement notice.
Tesla has 0.25 percent convertible senior notes coming due in March. As of September 2018, it had an unpaid principal balance of $920,000.
Tesla declined to comment on the report.
Tesla’s move to use both cash and equity to return debt suggests that the company, which in the past has struggled with cash burn, is on a sustained path to profitability.
The electric-car maker reported free cash flow of $881 million in its latest quarter – the first time since the third quarter of fiscal 2016 – and Chief Executive Officer Musk has said the company will be cash flow positive and profitable in all quarters going forward.
The company is expected to generate $390 million in free cash flow in the fourth quarter, according to IBES data from Refinitiv.
SINGAPORE (Reuters) – Oil prices fell on Friday, pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia.
International Brent crude oil futures LCOc1 fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 per barrel, down 25 cents, or 0.5 percent.
The declines came after crude slumped by almost 3 percent the previous day, with the Organisation of the Petroleum Exporting Countries (OPEC) ending a meeting at its headquarters in Vienna, Austria, on Thursday without announcing a decision to cut crude supply, instead preparing to debate the matter on Friday.
“OPEC has decided to meet Friday again…(as) Russia remains the sticking point,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore.
Analysts still expect some form of supply reduction to be decided.
“We are beginning to witness the outline of the next iteration of production cuts, with OPEC conforming to cut its own production by around 1 million barrels per day, with the cartel lobbying non-OPEC members to contribute more,” Japanese bank MUFG said in a note.
SUPPLY SURGE, PRICE PLUNGE
Oil producers have been hit by a 30-percent plunge in crude prices since October as supply surges just as the demand outlook weakens amid a global economic slowdown.
Oil output from the world’s biggest producers – OPEC, Russia and the United States – has increased by 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption.
That increase alone is equivalent to the output of major OPEC producer the United Arab Emirates.
The surge is largely down to soaring U.S. crude oil production, which has jumped by 2.5 million bpd since early 2016 to a record 11.7 million bpd, making the United States the world’s biggest oil producer.
As a result, the United States last week exported more crude oil and fuel than it imported for the first time on records going back to 1973, according to data released on Thursday.
Norfolk County OPP have released images from a recent incident in Port Rowan where thieves heavily damaged a gas station to steal an ATM.
On Monday, police said they were called to the Esso gas station on Front Road just after midnight for a report of a break-in.
OPP Const. Ed Sanchuk said three suspects had a pair of vehicles on scene.
They initially attempted to remove the ATM before they then used one of the vehicles for extra power.
“One of the suspects then grabbed a black- or grey-coloured pickup truck,” he explained on Twitter. “They then took the truck, reversed it into the gas station. Tied something around the ATM and forcefully removed the ATM from the store.“
He estimated the damage to the store to be at least $75,000.
“The vehicle was then last seen heading out on Highway 59 dragging the ATM down the road,” Sanchuk said.
Police reported Thursday that they later found the ATM down the road.
They also released images of the men involved in the theft as well as the vehicles they used.
Police are asking anyone who may have information regarding the incident to call 1-888-310-1122 or Crime Stoppers at 1-800-222-TIPS (8477).
Yes, Illinois, there is a Satan. If you’re looking for him, just check near the Christmas tree and the menorah in the state Capitol.
It is there, among the twinkling lights and flickering candles, that you will find a tribute to the prince of darkness by the Chicago chapter of the Satanic Temple, a group based in Salem, Mass., that has 15 chapters nationwide.
It looks a bit different from the pine boughs and mistletoe often associated with this time of year: a woman’s hand presenting an apple as a serpent coils around her wrist. A pentagram and the words “knowledge is the greatest gift” are written on the pedestal below.
The onyx-black statue has drawn criticism from people who think a mephistophelian tribute to the Fall of Man seems a little … un-Christmaslike. But state officials said there was little they could do once the temple requested a spot in the holiday display, which was unveiled to the public on Monday.
If it is true, as the saying goes, that the Devil is a liar, he also has the good fortune to have attracted followers with a keen understanding of both the Constitution and the outrage-driven internet news cycle.
In a statement, the Temple, which did not respond to messages seeking comment, said it “appreciates this constitutionally protected opportunity to contribute its perspective to the numerous religious viewpoints on display in the Capitol during the winter holiday season.”
David Druker, a spokesman for the Illinois Secretary of State’s office, said lawyers on staff agreed that the Temple had a right to participate in the display.
The Constitution guarantees freedom of speech and religion under the First Amendment and forbids government endorsement of a specific religion. The Supreme Court has ruled that temporary holiday displays such as trees and menorahs are allowed on public property.
“If you allow people to convey some messages then you need to be consistent,” Mr. Druker said. “And the message itself — knowledge is the greatest gift — I don’t know that there is much controversy with that.”
The Satanic tribute is one of four in the Capitol rotunda, along with the Christmas tree, the menorah and a solstice display from an anti-religion group that includes a sign that says “Religion is but myth and superstition that hardens hearts and enslaves minds.”
The anti-religion group has been part of the holiday display for several years but has not drawn as much controversy as the Satanic Temple, Mr. Druker said. His office has received only a few complaints, he said, but some of them were “vociferous.”
“People feel strongly,” he said. “They say, ‘Satan is evil, how could we do anything that endorses him?’ And that wasn’t the intent.”
Religious groups and conservatives have been irked by the tribute. Some see it as a mockery of their beliefs, while others see forces at work that are larger than the First Amendment.
On Twitter — a veritable hellscape of its own — Illinois Family Action, a conservative group, said defenders of the tribute “fail to realize that the little baby in the manger has CRUSHED Satan’s head and the gates of hell will NOT prevail.”
But the Satanic Temple, which describes itself as “a nontheistic religious organization determined to halt the dangerous encroachment of theocracy into American government,” says it does not want the gates of hell to prevail.
In fact, the group says it does not “believe in the existence of Satan or the supernatural” at all.
“We do not promote a belief in a personal Satan,” the group says on its website. Instead, it refers to a “metaphoric representation” of “the literary Satan” found in the works of the writers John Milton, Mary Shelley, William Blake and Anatole France.
For them, Satan is “a symbol of the Eternal Rebel in opposition to arbitrary authority” and Satanism as a creed is based on a high-minded devotion to “rational inquiry removed from supernaturalism and archaic tradition-based superstitions.”
The Temple also has a well-stocked online gift shop that features, among other items, a winged-crown-skull ring, a Krampus T-shirt and mug and a holiday ornament depicting Baphomet, a goat-headed, winged humanoid often seen as a stand-in for Satan (currently sold out).
The Temple raised money to build the Illinois statehouse statue, which it calls “Snaketivity,” on GoFundMe, where it also shared a video of a woman in white robes and facepaint singing a “Satanic holiday carol” while flanked by silent men in loincloths and goat masks.
This is not the first time the Satanic Temple has used a statue to make a statement at a state house.
It has erected a “snaketivity” monument in the past, on the lawn of the Michigan statehouse, but is perhaps most well-known for its nine-foot tall statue of two children gazing lovingly at Baphomet’s goat head.
That statue was made to protest a permanent Ten Commandments monument at the Oklahoma statehouse that was later removed by court order. The temple also deployed it in Arkansas in August to protest a similar monument there.
The temple also sued Netflix last month for copyright infringement after a similar statue appeared on “The Chilling Adventures of Sabrina.” The lawsuit was settled on undisclosed terms, but the temple said it would now be acknowledged in the credits.
Some of the General Motors assembly line workers in Oshawa have been there for years. Many of them buy and drive the very cars they make.
But now that the Oshawa plant will close next year, GM dealerships may lose those loyal customers and upend their bottom line.
“If GM pulls out of Oshawa, I doubt you’ll see another person on that shop floor buy another GM vehicle,” said Cory Weir, GM assembly line worker.
Cory Weir works on the GM line and currently drives a 2012 Chevy Impala that was built in Oshawa — a car he could have had a hand in building.
“There’s about a 50 per cent chance that I built part of this car,” said Weir. “If I didn’t, I certainly know the guy who did.”
But he probably won’t buy GM again.
“If your neighbor or your cousin said, ‘Hey, I bought this great GM car built here in Oshawa,’ that’s the best marketing tool that there is,” said Weir. “Certainly my family members that have watched me go through this with my family here, they’ll never purchase GM,”
Political Science assistant professor at the University of Ontario Institute of Technology, Scott Aquanno believes last weeks GM bombshell has caused loyalty to waiver.
“The idea of buying a GM because you’re supporting your local community and identifying GM as part of the local community, that gets lost in part because of a decision like this,” said Scott Aquanno.
General Motors runs through Scott Westley’s blood too.
“My parents both worked for General Motors for 40 years and their dad’s worked for GM,” said Scott Westley, Gus Brown Buick GMC general manager.
WATCH: NDP leader Jagmeet Singh meets with GM employees in Oshawa
Westley worked on the line in the summers while going to university and is now the general manager at Gus Brown Buick GMC, one of 10 GM dealerships in Durham region.
“We’re concerned, we’re trying to remain optimistic. When you hear people say ‘I’m never buying GM again,’ that is upsetting,” said Westley.
As for Weir and his colleagues, they’re preparing for the harsh reality of turning their backs on a company that has turned its back on them.
“It’s definitely going to feel strange next time I purchase a vehicle knowing that I didn’t touch it,” said Weir.
A Montreal school board has decided to suspend school swimming lessons following a coroner’s report into the drowning of a 14-year-old Quebec student during class earlier this year.
The Commission scolaire Marguerite-Bourgeoys (CSMB) — a French-language school board which serves the western part of the island of Montreal — said on Thursday it has chosen to temporarily pull all swimming classes in its schools as a precaution.
In February 2018, Blessing Moukoko drowned during a high school gym class at a different school board.
A coroner’s report released in November found the teenager spent 38 minutes at the bottom of a Rosemont-Petite-Patrie pool with nobody noticing during the busy class.
In his report, coroner Louis Normandin recommended gym teachers be required to have a minimum of training if they are to give swimming lessons and that a lifeguard provide full-time surveillance during all courses. He added lessons should be suspended if those conditions can’t be met.
The family of Moukoko has since announced it intends to sue the Commission Scolaire de Montréal and the city, alleging negligence robbed them of a boy who was the centre of their lives.
While the drowning did not take place at a CSMB school, a spokesperson for the school board said it is following the coroner’s recommendations.
Swimming lessons at four high schools and one elementary school will be suspended for several weeks as the CSMB re-evaluates its safety procedures.
The CSMB told Global News it has not had any incidents related to swimming in its schools, but that it isn’t taking any chances.
— With files from Global’s Tim Sargeant and The Canadian Press
It started with a single grey T-shirt and a brokenhearted big sister.
“This isn’t something that is chosen. This is something that can happen to anybody and I watched that,” said Miriah Kearney, who lives in Truro, N.S.
Three years ago, Kearney, a Nova Scotia entrepreneur, lost her brother Lucas when he was only 29 years old
“He was on the Dean’s list at [Dalhousie Architechture],” she said. “He was an amazing athlete and incredibly intelligent and in eight months, he lost everything.”
Although Lucas never lived on the streets, Kearney says he did suffer from drug addictions and mental illness.
She says its a condition shared by far too many homeless Canadians.
“I think the homeless are so often forgotten or misunderstood and I also think it is a fixable problem,” Kearney said.
That’s why she’s launched a clothing line called “My Home Apparel” in honour of her brother. Five per cent of profits generated by the clothing line, which feature maps of each of Canada’s provinces and territories, are donated to the Canadian Alliance to End Homelessness and various local shelters across the country.
“I don’t think any Canadians should be sleeping outside at night and I think we can make this better,” Kearney said.
Sue MacDonnell, who works in community outreach at a homeless shelter in Moncton, N.S., welcomes the campaign.
“We identify as a community by our provinces, but then by extension, there is a community that needs to be supported as they struggle,” MacDonnell said.
And while Kearney still struggles with the loss of her baby brother, opening up a conversation about homelessness is bringing her a sense of purpose and peace.
“Every day is a battle to get through the grief, but I think he would be very proud that I changed the conversation to something positive and to help those that need help.”
The emphatic ringing of the interval timer concludes the intense sparring session for professional mixed martial artist Elias Theodorou, as he prepares for his upcoming appearance at UFC 231 in Toronto.
The Canadian is scheduled to go head-to-head against American Eryk ‘Ya Boi’ Anders in a Middleweight bout at the Scotiabank Arena on Dec. 8.
Full contact with Olivier ‘The Canadian Gangster’ Aubin-Mercier ahead of UFC 231
MMA fighter Cynthia Calvillo shaky, struggles to stand during UFC weigh-in
Conor McGregor, Khabib Nurmagomedov to be suspended following UFC 229 post-fight brawl
“The Spartan’s” confidence is running high as he aims to keep his two-fight winning streak alive — he won the judges over with back-to-back unanimous decisions.
His opponent, the up-and-coming Anders, is looking to bounce back after suffering a late third-round TKO stoppage against Thiago Santos.
Anders is an all-American athlete who played college football for the University of Alabama before jumping into the cage.
“I’m going to turn the boy into a man,” Theodorou tells Global News, cracking a devilish smirk followed by a wink.
The 30-year-old is relishing in his octagon experience, being the more seasoned of the two fighters; this will be his 10th UFC fight.
Both contenders have experienced losses at the hand of Middleweight Thiago Santos, who will also be competing on the Toronto card.
If you compare both their fights, Theodorou says he thinks he fared better against the hardened Brazilian.
A recent win against Trevor Smith has allowed Theodorou to crack the top 15 fighters in the Middleweight division; he now sits comfortably ranked at number 14.
“I’m going to show him the difference between chess and checkers,” Theodorou said.
The Ontario native said he is looking forward to giving his hometown crowd a decisive victory, jokingly saying thousands of friends and family members — “all Greek” — will be in attendance.
Born and raised in Mississauga, Ont., Theodorou was introduced to MMA later than most professional fighters.
The proud Greek-Canadian tried a martial arts class in university. His career soared when he got his professional start on the UFC’s Ultimate Fighter Series. He soon went on to be the first Canadian win the series.
“The Spartan” got his fighting moniker during his early beginnings when his former coach told him he admired his “Spartan mentality.”
“I’d be training and getting the crap beaten out of me,” Theodorou said.” But I had that fighting spirit and never quit.”
That dedication has followed him into to his professional career, having always made it to the end of every round he’s fought.
Several of Theodorou’s professional bouts have turned into bloody wars.
“There’s no real quit in me,” he said.
“I never gave up then and I will never give up now.”
That same attitude has helped Theodorou fight a different opponent outside the cage.
For the last 18 months, he has been pushing for the legalization of in-competition use of medical cannabis.
“It’s a long process, but it’s a fight I’m willing to have,” Theodorou told Global News.
Under the United States Anti-Doping Agency (USADA), which oversees the athletes in the UFC, marijuana and cannabinoids are banned substances.
Fighters who are caught with traces of the Untied States Schedule 1 drug can face a two-year suspension.
Suffering from peripheral neuropathy, which affects nerves and impairs sensation, movement, glands and more, Theodorou uses medical cannabis to treat the chronic pain in his joints.
Theodorou has taken it upon himself to combat what he calls “backward” legislation.
“My next fight is not against one man, but against the stigma of medical cannabis,” Theodorou said.
“Personally, I feel obligated to fight for myself and all medical cannabis patients.”
Cannabis is the best way, Theodorou says, to help dull the pain of nerve damage in his upper extremities.
His fight for cannabis use is far from over, but he said he will continue to use his platform to “break the stigma and the stereotype surrounding cannabis use.”
Known for his luscious locks of long brown hair, the UFC pretty boy has been using his model-like looks to parade outside the cage, as a ring boy.
He did this in response to the controversy surrounds ring girls, who often parade around in revealing fits. Many consider it to be sexiest and unnecessary.
“I was actually more nervous being a ring boy for the first time because of what other people would think,” Theodorou said.
“Why remove a ring girl when you can add a ring boy?”
Your @invictafc ring card a-team is ready for a great night of fights – tune in now live on @ufcfightpass! #RingBoy™ × #InvictaFC32 × Tune In.
A post shared by The Mane Event™Elias Theodorou (@eliastheodorou) on
He has been breaking barriers outside the cage with his work as a ring boy for The Invicta fight promotion.
With over a dozen ring boy appearances under his belt, The Spartan is now a staple outside the cage for smaller fighting promotions.
He hopes the newly-adopted role of the ring boy will spread.
“In the true pursuit of equality, the answer is more, not less,” he said.
Theodorou is scheduled for 16 ring boy events next year.
Theodorou and several other Canadian fighters can be seen on the free UFC 231 prelims starting at 8 p.m. EST on Dec. 8.