Economy

British reject Mays Brexit plan, some turn to Boris and far right

British reject Mays Brexit plan, some turn to Boris and far right Tory Eurosceptics have voiced concerns that Mr Raab's department has been sidelined by Number 10 and Mrs May's Europe adviser Olly Robbins, amid increasing speculation that divisions within the Conservative camp may result in no deal. In the run-up to the referendum itself, a number of big tech companies' United Kingdom tentacles came out as pro-Remain and told their staff to vote against leaving ... [Full Article...]

Mega Millions $522 million-winning ticket sold in California

Mega Millions $522 million-winning ticket sold in California Six, worth $1 million each, were sold in Arizona, Massachusetts, Michigan, Minnesota and two in New Jersey. One Mega Millions player has a reason to smile after a winning ticket for the $522 million jackpot was sold in the state of California. [Full Article...]

Sergio Marchionne dies following complications with surgery

Sergio Marchionne dies following complications with surgery Sergio Marchionne , the freewheeling turnaround artist who architected and brokered the revival of Fiat and Chrysler , has died. German auto expert Ferdinand Dudenhoeffer described Fiat Chrysler as "a weak company, and now with Marchionne's departure, it has become even weaker". [Full Article...]

‘IOC recalibrates strategies to face U.S. Iran sanctions’

‘IOC recalibrates strategies to face U.S. Iran sanctions’ Despite the supply disruption potential in Iran , Libya, and Venezuela-where the International Monetary Fund has predicted an inflation rate of a million percent-there are also bearish factors at play such as USA production, which last week hit the 11-million-bpd mark for the first time. [Full Article...]

Papa John's poison-crust defense is justified

Papa John's poison-crust defense is justified He admitted to using the offensive term and apologized, while saying his comments were taken out of context. Papa's Monday morning plunge. Adopting the takeover defense is the latest effort by Louisville, Kentucky-based Papa John's to loosen ties to the founder, who remains a director and owns a 29 per cent stake that could be used to mount a challenge. [Full Article...]

Tributes pour in after former FCA chief Marchionne dies

Mr Marchionne was replaced as chief executive of Fiat Chrysler Automobiles (FCA) at the weekend after he suffered what were described as "massive" complications while recuperating from surgery on his shoulder. The company has portrayed Manley's appointment as the product of lengthy deliberation. But after it was discovered last week that he wouldn't be able to return to work, FCA announced that M... [Full Article...]

Fiat’s boss, Sergio Marchionne, dies at 66

Replaced as CEO of Fiat Chrysler Automobiles (FCA) as well as his Ferrari positions at the weekend, a statement issued by Exor - holding company for the Agnelli family - today announced Marchionne's passing. We reached out to Fiat Chrysler Automobiles for an official update on Marchionne's health and will update when we hear back. He leaves behind his partner, Manuela Battezzato, who works... [Full Article...]

Trump security adviser echoes warning to Iran

But in June, Trump met North Korean leader Kim Jong Un in the first U.S. "US should have 3 redlines for possible military action against Iran; and ridiculous Iranian rhetoric isn't one of them", Miller wrote . An Iranian Foreign Ministry spokesman said, "Such policies will unite Iranians who will overcome plots against their country". "That's going to be very bullish for oil demand", Flyn... [Full Article...]

More Ryanair flights cancelled amid pilot strikes

More Ryanair flights cancelled amid pilot strikes The largest low-priced carrier canceled 30 flights on July 12, when several pilots in Ireland made the biggest strike to date in the company. Up to 300 flights a day to and from the aforementioned countries - which accounts for about 12 per cent of the airline's 2,400 daily European flights - have been cancelled, affecting 50,000 customers on each of the days. [Full Article...]

Trump to Give Farmers Aid, but Farmers Aren't Thrilled

Trump to Give Farmers Aid, but Farmers Aren't Thrilled Ryan said he understood Trump's goal - of trying to get a "better deal for Americans" - but he disagreed with the president's strategy. 'In the near term is there some relief we can look at? This has more to do with oversupply than the tariffs, though. [Full Article...]

Trump administration plans $12 billion bailout for United States farmers hurt by tariffs

Punishing tariffs have been introduced on imported goods from Canada, China, and the EU. Other big spenders new to the tariff game include the American Chemistry Council, Amazon, Exxon and the Alliance of Automobile Manufacturers. farmers are suffering as trade tensions between the USA and other countries heat up. Details of the plan were not clear.The administration's proposal will rely on co... [Full Article...]

GOP senators voice doubts on farm tariff relief

GOP senators voice doubts on farm tariff relief It's as simple as that - and everybody's talking! "We have to stick it out", Mr. Trump said of his tariff feuds. All will be Great! Perdue said last week that the aid plan wouldn't be ready until the first week of September. Sen. Ron Johnson, R-Wi, also broke with the president over the targeted assistance to farmers. "You have a awful policy that sends farmers to the poorhouse, and then you p... [Full Article...]

Trump 'Very Happy' with North Korea Nuclear Weapons Talks

Trump 'Very Happy' with North Korea Nuclear Weapons Talks In a sign of Washington's impatience with what it sees as North Korean heel-dragging on the denuclearisation issue, Secretary of State Mike Pompeo was in NY last week urging United Nations member-states to keep tough economic sanctions in place to pressure Kim into moving forward. [Full Article...]

Trump plans to give billions in aid to farmers hurt by tariffs

Trump also has been under pressure from farm state lawmakers to back away from imposing tariffs. Republican senator John Hoeven, from North Dakota, said the funding may need to be approved by Congress and the aid would be temporary. USA farm profits were already projected to reach a 12-year low before any trade actions were announced. The news, however, lifted shares of farm equipment comp... [Full Article...]

White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

The White House says President Donald Trump wants to show his administration's "commitment to ensuring more products are made in America". White House officials hope it will quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump's trade strategy is leading to unforeseen costs. [Full Article...]

Mega Millions jackpot at $512M for Tuesday's drawing

Mega Millions jackpot at $512M for Tuesday's drawing To win, you must match the five white balls and the one gold ball. There is a Mega Millions drawing every Tuesday and Friday. Players can also select Easy Pick/Quick Pick to have numbers automatically chosen for them. You can enter the Mega Millions lottery in 44 states plus Washington, D.C. and the U.S. Virgin Islands. Mega Millions tickets will be sold in Pennsylvania until 9:59 p.m. [Full Article...]

New York Daily News cuts staff in half

New York Daily News cuts staff in half Staff leaving the company will continue to be paid for 90 days and will "be eligible for transitional benefits after that". With our established digital prowess, the Daily News is in a solid position to lead tronc's transformation and become the newsroom of the future. [Full Article...]

Trump to offer U.S. farmers billions to ease trade pain

Trump to offer U.S. farmers billions to ease trade pain President Donald Trump is declaring that "Tariffs are the greatest! " and threatening to impose additional penalties on USA trading partners as he prepares for negotiations with European officials at the White House. Beijing's retaliatory tariffs have hit American soybeans and pork. "We're stopping the barriers to other countries". On Monday, the White House confirmed that Trump was consideri... [Full Article...]

India slashes oil imports from Iran

India slashes oil imports from Iran It did so while repeatedly threatening Iran with war if it did not submit to Washington's demands that it dismantle its civilian nuclear program, and while continuing to arm Israel, Saudi Arabia and other regional client states with tens of billions of dollars worth of high-tech weaponry. [Full Article...]

Alphabet shares soar despite hit to profit from Google’s European Union fine

Alphabet shares soar despite hit to profit from Google’s European Union fine If, however, the ruling results in a major change to how Google implements its software - namely, search - in devices in Europe, that could have a negative impact on the company's bottom line. While that's nearly three times the S&P 500 Index's gain, it trails Netflix, Amazon .com Inc. and even Facebook Inc., which is trading near a record after rebounding from a data-privacy scandal in March s... [Full Article...]


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