Renault to launch Triber on Aug. 28

Firm to focus on Tier-II cities to increase its market share

French automobile giant Renault India will be rolling out three new vehicles, including an electric vehicle by 2022, said a top official.

“The global launch of Triber will happen on August 28, followed by a new model code-named HBC next year,” said Venkatram Mamillapalle, country CEO & managing director, Renault India Operations.

“The next two cars, including Triber, will be sub-four metre. With the launch of these models, we aim to double our market share to 5% from the present 2.2% – 2.4%, in three years,” he said.

“About 75% of India’s car market is dominated by sub-four metre cars and we would like to be there,” he said.

Renault plans to focus on Tier-II cities to increase its market share in the rural areas from the present 35% to 50% in a year’s time.

Renault has 120 dealers and 350 outlets and plans to double the number of outlets in three years.

On Triber, he said it was neither a multi-purpose vehicle nor a sub-compact vehicle. Triber was positioned as a unique segment in itself.

It is a seven-seater and will deliver a mileage of 20 km per litre. Bookings for the Triber begin on August 17. It will come in four variants and six colours.

Kelowna RCMP investigating ‘suspicious circumstance’ along Enterprise Way

A section of Enterprise Way in Kelowna was temporarily blocked off on Tuesday morning as police investigated what they called a “suspicious circumstance.”

A business in the area told Global News that traffic is once again flowing.

The area was originally blocked off at 11 a.m., but was reopened at 11:15 a.m.

Police said the road closure along the 2400 block of Enterprise Way was between Leckie Road and Hunter Road.

There are unconfirmed reports a threat was directed at a local business on Enterprise Way.

SEC charges \

WASHINGTON (MarketWatch) – The Securities and Exchange Commission filed fraud charges against Reginald "Reggie" Middleton and two entities he controls, Veritaseum Inc. and Veritaseum LLC, for allegedly engaging in a fraudulent scheme to market and sell digital securities called "Veri." The SEC accused Middleton of selling the securities to retail investors and manipulating the market for them. A federal court entered an emergency freeze on Monday to preserve at least $8 million of the $14.8 million the defendants raised in 2017 and 2018 in an offering of the digital securities. The defendants allegedly misled investors about their prior business venture, touted oversized but fictitious investor demand for Veri, and claimed to have a product ready to generate revenue when no such product existed. The SEC also alleges Middleton moved a sizable amount of investor assets and transferred some of them to his personal account. The case is ongoing.

Oil futures climb by 4% to settle at a nearly 2-week high

Oil futures settled 4% higher on Tuesday, as news that the U.S. will delay tariffs on some Chinese products to Dec. 15 and continue talks with China helped to ease global economic worries, boosting demand prospects for crude. "Looking ahead though, the outlook for oil remains neutral at best right now as global growth concerns remain the single biggest headwind for energy and the refined products as analysts are raising expectations that the energy market becomes oversupplied in the coming [six to] 18 months," said Tyler Richey, co-editor at Sevens Report Research. September West Texas Intermediate oil CLU19, +3.82% rose $2.17 to settle at $57.10 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since July 31, FactSet data show.

Trump threatens to pull US from WTO 'if we have to'

MONACA, United States (AFP) – President Donald Trump threatened Tuesday (Aug 13) to pull the United States from the World Trade Organisation if conditions are not improved.

“We will leave if we have to,” Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.

“We know that they have been screwing us for years and it’s not going to happen again,” he said.

(This story is developing)

Fox News host Sean Hannity, in rare split from Trump, defends CNN’s Chris Cuomo

CNN’s Chris Cuomo once described Fox News host Sean Hannity as “the most powerful person in the media” because the president does whatever he says.

That certainly wasn’t the case on Tuesday.

While Donald Trump and his oldest son were busy piling on Cuomo after a video of him threatening to throw some heckler down the stairs went viral, Hannity offered up this TwitterTWTR, +2.69%defense of his media rival:

But before Hannity’s take, the president joined the anti-CNN mob by tweeting that “the truth hurts.” He then turned up the heat with these comments:

The rare divide left legions of Trump-loving Fox News fans torn:

Here’s what Cuomo had to say following the backlash:

Dow rallies nearly 450 points on gains in Apple Inc., Intel stocks

The Dow Jones Industrial Average is rallying Tuesday afternoon with shares of Apple Inc. and Intel leading the way for the blue-chip average. The Dow DJIA, +1.62% was most recently trading 449 points (1.7%) higher, as shares of Apple Inc. AAPL, +4.62% and Intel INTC, +3.07% have contributed to the index’s intraday rally. Apple Inc.’s shares are up $9.50, or 4.7%, while those of Intel are up $1.40 (3.1%), combining for a roughly 74-point boost for the Dow. Also contributing significantly to the gain are Caterpillar CAT, +2.39%, UnitedHealth UNH, +2.69%, and Walmart WMT, +2.43%. A $1 move in any one of the 30 components of the index equates to a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.