In an unusual moment at the Consumer Electronics Show in Las Vegas, two US federal marshals showed up at a Chinese company's booth and carried away their one-wheeled skateboard that was on display. The US company first launched the device on Kickstarter and attracted US$630,000 in pledges. The raid was conducted at the request of a company called Future Motion, the original maker of the one-wheeled hoverboards.
Chinese stocks nosedived Thursday, tumbling more than 7 percent in the first half-hour of trading, causing Beijing's securities regulator to step in and suspend trading for the day. Chinese stock exchange officials have reportedly suspended its circuit breaker policy. Thursday's battering of the markets followed a similar pounding on Wednesday and was the third negative trading session out of four in the new year.
On Thursday, it was triggered within half an hour of trading. The Shenzhen index advanced 1.98 percent, or 212.84 points, to close at 10,973.12 points. With Beijing accelerating the yuan's depreciation to make its exports more competitive, investors fear China's economy is even weaker than had been imagined.
In the SEC filing, Chipotle said it intends to fully cooperate, though it's unclear at this point what criminal violations or charges might be pursued. It also vowed changes to step up food safety at its restaurants, in part by tweaking its cooking methods and increasing testing of meat and produce. Chipotle spokesman Chris Arnold on Wednesday declined further comment, saying, "we don't discuss details surrounding pending legal action".
That added to concerns about the country's crude oil demand amid a global glut of the commodity. In early trading on Thursday, US benchmark West Texas Intermediate ( WTI ) for February delivery was down 88 cents, or 2.59 percent, at $33.09 (30.4 euros) - the lowest since touching $32.40 in December 2008 during the global financial crisis.
The row between Saudi Arabia, the main Sunni power, and Shia-dominated Iran erupted following Riyadh's execution on Saturday of prominent Shia cleric and activist Sheikh Nimr al-Nimr. Annual imports from Saudi Arabia - mainly packing materials and textiles - total about $60 million a year. Tehran is also reportedly backing the Houthis rebels in Yemen, while Saudi Arabia is leading a Sunni coalition in airstrikes seeking to restore control of the country for President Abed Rabbo Mansour ...