Economy

European Union to impose duties on United States imports on Friday after Trump tariffs

European Union to impose duties on United States imports on Friday after Trump tariffs On Thursday, Indian imposed tariffs on 29 United States goods worth $ 238 million as a countermeasure. "The Irish whiskey industry has been a major beneficiary of global free trade and EU-led free trade agreements". Last week pork was included in a second round of tariffs to be imposed on July 6. India finalized its decision during a week when the global trade war escalated, with the United ... [Full Article...]

U.S. Oil Prices Slip a Bit Before OPEC Meeting

U.S. Oil Prices Slip a Bit Before OPEC Meeting The black gold has likely picked up a bid due to uncertainty over whether the Organization of the Petroleum Exporting Countries (OPEC) would be able to lift production. Saudi Arabia and its allies estimate that total cuts now amount to 2.8 million barrels. Phil Flynn, an oil analyst with The Price Futures Group, expects a deal for around an extra 1 million barrels a day. [Full Article...]

German AfD accuses Merkel allies of copying tough line on migrants

German AfD accuses Merkel allies of copying tough line on migrants And then: " We don't want what is happening with immigration in Europe to happen with us! ". The move sparked a clash between France and Italy as immigration also triggered a domestic crisis for Merkel, a leader already weakened by her decision in 2015 to keep open German borders to a mass influx of more than one million refugees . [Full Article...]

Trump, China tariff fight turning into trade war, hurts economy, jobs

Trump, China tariff fight turning into trade war, hurts economy, jobs With concerns growing on Wall Street, the Dow Jones industrial average closed down almost 300 points - more than 1 percent - on its sixth straight losing day. Large U.S. companies with significant overseas business were hit especially hard. Apple fell 1.9 percent to $185.16 and Facebook gave up 1.2 percent to $195.92. [Full Article...]

Audi CEO Arrested in Dieselgate Probe

Audi CEO Arrested in Dieselgate Probe Munich prosecutors are investigating whether Stadler acted swiftly enough to stop deliveries of manipulated Audi models in Europe once emissions problems had emerged, a person familiar with the matter has told Reuters . Rupert Stadler , CEO of German vehicle producer Audi, briefs the media during the annual press conference in Ingolstadt, Germany. Although most of the attention to VW's ... [Full Article...]

Oil prices have become unsustainably high: Dharmendra Pradhan

Oil prices have become unsustainably high: Dharmendra Pradhan Brent reached a 3-1/2-year high above $80 a barrel last month but has fallen steadily in recent weeks as Saudi Arabia , de facto leader of OPEC , has signaled it intends to raise production to stabilize prices. Ecuador said OPEC and its allies could agree to a compromise increase in output of around 0.5-0.6 million bpd. Saudi Arabia's Energy Minister Khalid Al-Falih was confident that there ... [Full Article...]

Burger King apologizes for Russian World Cup pregnancy ad

Burger King apologizes for Russian World Cup pregnancy ad Women would also receive 3 million roubles ($64,000) under the offer, according to The Guardian . "Burger King, within the framework of social responsibility , has appointed a reward for girls who get pregnant from the stars of world football", the original ad stated before it was quickly removed from all social media channels. [Full Article...]

Telstra to axe 8000 jobs over four years

Telstra to axe 8000 jobs over four years Mr Penn highlighted that the strategy was not about cutting jobs, but fundamentally transforming the nature of telecommunications services for customers in Australia. "This means that some roles will no longer be required, some will change and there will also be new ones created". Federal Labor frontbencher Richard Marles described Telstra's decision to slash 8000 jobs as a "huge shock". [Full Article...]

Cost of some United States goods to rise by 25% on Friday

They range from agricultural produce such as rice and orange juice to jeans, whiskey, motorbikes and various steel products. The firms called for all tariffs to end, on both the European Union and U.S. Ms Malmstrom insisted the EU's measures were "measured, proportionate" and in line with World Trade Organisation rules. The EU announced its response on Wednesday as the USA and China were locke... [Full Article...]

Major cryptocurrency exchange Bithumb halts trading after more than $31 million hack

Major cryptocurrency exchange Bithumb halts trading after more than $31 million hack Last week, Bithumb tweeted that a database and security upgrade was being carried out, and that part of the process involved transferring assets to a cold wallet (one not directly connected to the internet). "It can weather the storm on these negative reports ". In January, South Korea banned the use of anonymous bank accounts for virtual coin trading to stop cryptocurrencies being used in mo... [Full Article...]

American Airlines cancels PSA flights through Monday

American Airlines cancels PSA flights through Monday According to PSA Airlines, an American Airlines regional carrier, the issue did not affect any of its other regional carriers or mainline flights. PSA Airlines, which is owned and operated by American, canceled around 70 flights out of Charlotte Douglas International Airport on Sunday evening, again blaming a " technical issue ". [Full Article...]

Amazon Launches Alexa for Hospitality on Echo Smart Speakers, Marriot Signs Up

Amazon Launches Alexa for Hospitality on Echo Smart Speakers, Marriot Signs Up Regis Hotels & Resorts, Aloft Hotels and Autograph Collection Hotels starting this summer. The version for the hospitality industry lets guests ask questions about where they're staying, control music, and connect with services offered in the hotel-including, one hopes, room service. [Full Article...]

Starbucks to Close 150 Underperforming Stores, Hike Dividend

Starbucks to Close 150 Underperforming Stores, Hike Dividend The company said global comparable store sales were on pace to rise 1% in the current third fiscal quarter, far below the 3% jump Wall Street was expecting. The company said that so far in 2018, Frappucino sales have fallen by 3 percent. The iconic coffee chain, which typically shuts down about 50 stores per year, said in a statement that the closures will occur mostly in "densely penetrated... [Full Article...]

Walt Disney raises bid for Fox assets to $38 per share

Walt Disney raises bid for Fox assets to $38 per share According to the trade the new offer is approximately $19 billion larger than the one Fox accepted a year ago, and almost 10% higher than the $65 billion offer Comcast put on the table last week. Rupert Murdoch's 21st Century Fox Inc.is leaning toward starting negotiations with Comcast Corp., paving the way for a bidding war over its entertainment assets, people with knowledge of the matter sa... [Full Article...]

'Canadians smuggle scuffed shoes out of United States to avoid tariffs'

By noon (Tuesday, US time), it had regained some ground to a 1.1 per cent loss. In announcing the possibility of new $200 billion in tariffs , Trump mentioned that he still has an "excellent relationship" with Chinese president Xi Jinping. [Full Article...]

Microsoft slammed for ICE contract, amid child separations

Microsoft slammed for ICE contract, amid child separations The contract includes providing software processing and artificial intelligence for ICE, and Microsoft has insisted it has nothing to do with implementing a recent policy that has seen around 2,000 children being removed from their migrant parents. [Full Article...]

Trump says Canadians smuggling USA goods, assails tariffs

They make them sound old or look old so they can get them past border guards". Trump has been taking potshots at Prime Minister Justin Trudeau and Canada since the end of the G7 summit earlier this month after the prime minister said at a press conference that he told the US president that his steel and aluminum tariffs were "kind of insulting", and that Canada "will not be pushed around" and ... [Full Article...]

Baltimore Dunkin’ Donuts removes sign discouraging foreign language

Baltimore Dunkin’ Donuts removes sign discouraging foreign language Dunkin' Donuts told the Sun in a statement that the store's general manager put it up "based on her own personal judgment" to deal with a "customer service and satisfaction issue". When reporters from WBAL-TV called the number, the man who answered said the sign was old and that he was no longer the general manager at that specific Dunkin' Donuts location. [Full Article...]

McDonald's Will Test Plastic Straw Alternatives in the US

McDonald's Will Test Plastic Straw Alternatives in the US In addition to tests that began earlier this year in the U.K., McDonald's has announced it is also to begin tests to offer straws upon request only. The restaurant chain uses 1.8 million straws a day in the UK. " Plastic straws are generally used only once, making them a prime target for environmentalists who point to the enormous amount of plastic that ends up in the world's oceans -... [Full Article...]

In tit-for-tat, Trump threatens more tariffs against China

In tit-for-tat, Trump threatens more tariffs against China Trump's proposed new tariffs would amount to the latest round of punitive steps in an escalating dispute between the world's two largest economies. On Friday, Mr Trump said he was pushing ahead with a 25% tariff on $50 billion worth of Chinese products, prompting Beijing to respond in kind. [Full Article...]


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19  Next »