Economy

Trump Wants Mercedes-Benz Off American Streets And He's Playing Hardball

Trump Wants Mercedes-Benz Off American Streets And He's Playing Hardball U.S. Commerce Secretary Wilbur Ross said at the time "there is evidence suggesting that, for decades, imports from overseas have eroded our domestic auto industry". The shocking report comes two weeks after the US Department of Commerce launched an investigation into automobile imports to determine whether they "threaten to impair the national security " of the country. [Full Article...]

This Scottish Facility will Treat Your Cryptocurrency Addiction ⋆ ZyCrypto

This Scottish Facility will Treat Your Cryptocurrency Addiction ⋆ ZyCrypto This, in turn, will help them feel they're not alone in what they're facing and aid them by drawing strength with the others who are trying to regain control of what they lost. According to a report by Evening Standard , the " crypto clinic" is treating people who are addicted to buying and selling cryptocurrencies . Do you believe people can become addicted to cryptocurrency? I see crypto... [Full Article...]

Amazon geoblocks Australia from U.S. site as tax change kicks in

Amazon geoblocks Australia from U.S. site as tax change kicks in Australian customers will no longer be able to use the Amazon US website from July 1. Previously, the tax was only applied to purchases over AU$1,000. Amazon.com Inc said on Thursday it will force Australians to use its Australian website instead of its much larger US site to avoid a new sales tax, setting the stage for a showdown with rival eBay Inc in the No. [Full Article...]

Italy heads towards elections in August

Italy heads towards elections in August The two big winners in that election - five star and the league - attempted to join forces on sunday but abandoned efforts after president sergio matarella vetoed their choice of finance minister. The Five Star Movement and the League, the parties who were thwarted in their bid to give Italy its first populist government, have vowed to give Mr Cottarelli the thumbs down in required confidence vo... [Full Article...]

Trump to remove tariff exemption from EU, Canada, Mexico

Commerce Secretary Wilbur Ross on Thursday, the latest in a series of EU-U.S. meetings created to end the stand-off. In terms of the NAFTA talks, the tariffs could hinder the negotiations among the North American neighbors. Malmstrom is meeting U.S. Trade Representative Robert Lighthizer in Paris on Thursday among other worldwide trade chiefs. Trump imposed the tariffs in March to address glob... [Full Article...]

Tesla flies in six planes of robots in latest Model 3 push

Tesla flies in six planes of robots in latest Model 3 push At least this is what two sources familiar with the situation, speaking under anonymity, told Reuters late last week . The magazine also did not recommend Tesla's SUV, calling it "more showy than practical". Musk first disclosed plans for this line on a conference call with analysts in November, after complaining of problems with an original line built by a subcontractor. [Full Article...]

De Beers to sell diamonds 'grown' in Berkshire laboratory

De Beers to sell diamonds 'grown' in Berkshire laboratory The company's Element Six business, based in England, is the world's largest supplier of lab-grown diamonds for drilling, mining and semiconductors. This process can take anywhere from 10 to 12 weeks. The lab diamonds from De Beers will sell for about US$800 a carat. The diamonds will be available in white, pink, and blue and made in a facility in Portland, Ore., that De Beers plans to sink a... [Full Article...]

Microsoft beats Google to become world’s third largest company

Microsoft just surpassed Google's parent company Alphabet in market value, clocking in at the end of Tuesday's regular trading session with a market cap of $753 billion. Microsoft's recent stock appreciation comes as the company continues its shift to a cloud-computing business model. In contrast, about 86 percent of Alphabet's revenue comes from Google ads. [Full Article...]

Tesla Model 3 brake update wows as test complaint fixed

Tesla Model 3 brake update wows as test complaint fixed Consumer Reports said Wednesday that its view of the Model 3 has changed after Tesla issued an over-the-air software update which the consumer product reviewer said improved the car's braking distance by nearly 20 feet. The magazine bought a Model 3 for the first test and said it doesn't normally rent test vehicles. Tesla has since pushed that update out and, in turn, Consumer Reports ... [Full Article...]

Trump ready for China trade war revenge: trade director Peter Navarro

Trump ready for China trade war revenge: trade director Peter Navarro The sudden policy shifts are amplifying an impression of unpredictability that the president believes gives him an edge at the bargaining table even as US trading partners complain that it erodes American credibility. In midday trading, the Dow Jones industrial average was down more than 400 points, or 1.7 percent, on renewed concerns over the unsettled Italian political situation and U.S. [Full Article...]

Singapore Airlines to launch world's longest commercial flight in October

The new Newark-Singapore route will mark the official entry into service for the A350-900ULR. SIA, which is the launch customer for the A350-900ULR, has seven of the planes on order. "Singapore Airlines has always taken pride in pushing the boundaries", says the airline's CEO, Goh Choon Phong. If you want to escape from the world for, say, nearly 19 hours, Singapore Airlines has just the place... [Full Article...]

Canada purchases Trans Mountain pipeline project for $4.5B

Canada purchases Trans Mountain pipeline project for $4.5B Crey wasn't completely surprised either by the bailout decision announced by Liberal government Ministers Bill Morneau and Jim Carr. That's Kinder Morgan's deadline for receiving assurances it can complete the pipeline expansion, and Houston said the gathering will be a chance to talk about it with people from British Columbia. [Full Article...]

Faux pas: Petrol, diesel prices cut by 1 paisa, not 60 paise

Faux pas: Petrol, diesel prices cut by 1 paisa, not 60 paise The opposition, led by Congress' Rahul Gandhi, seized the opportunity to target the government over the rising fuel prices and the hashtag #EkPaiseKiSarkar began trending on Twitter. "There is a softening in global oil prices and rupee has strengthened against the United States dollar, making imports cheaper". The continuous fuel price hike has caused inconvenience and disappointment among t... [Full Article...]

Canadian Imperial Bank investigating fraudsters claiming to be in possession of data

Canadian Imperial Bank investigating fraudsters claiming to be in possession of data Simplii said Monday it learned of the potential issue on Sunday and has implemented additional online security measures such as enhanced online fraud monitoring, adding it is working with the relevant authorities. Mukul Kumar, Chief Information Security Officer and VP of Cyber-Practice at Cavirin, commented that the breach at the Canadian banks is somewhat disturbing. [Full Article...]

Oil bulls scurry for protection against a wave of OPEC supply

Oil bulls scurry for protection against a wave of OPEC supply US crude oil production has risen by more than a quarter in the last two years, to 10.73 million bpd, inching ever closer to top producer Russia's output of around 11 million bpd. Oil prices fell on Monday morning in Asia as the market eyed an increase in output from the world's three top crude producers, Russia, the USA and Saudi Arabia . [Full Article...]

California tests digital license plates

California tests digital license plates The communications link and the changeable display means the Department of Motor Vehicles (DMV) would be able to change expiration dates remotely, for example, meaning that plate owners wouldn't have to actually go to the DMV, which Californians are now required to do annually, according to the DMV. [Full Article...]

Tesla on autopilot crashes into parked police SUV in Laguna Beach

Tesla on autopilot crashes into parked police SUV in Laguna Beach Police Sgt. Jim Cota said the officer was not in the vehicle during the crash Tuesday in Laguna Beach. The driver of a Tesla Inc vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in "Autopilot" mode at the time, a police spokesman said. [Full Article...]

Starbucks shuts 8000 United States stores for racial bias training

Starbucks shuts 8000 United States stores for racial bias training Stores will resume their normal hours tomorrow, on May 30, 2018. For example, one question referred to a person having an accent. while another focused on going "to work with your natural hair". That has put a spotlight on the little-known world of "unconscious bias training", which is used by many corporations, police departments and other organizations to help address racism in the workpla... [Full Article...]

USA to Impose 25% Tariff on Tech Goods From China - White House

USA to Impose 25% Tariff on Tech Goods From China - White House In what appears to be an effort to ratchet up pressure on China to make greater concessions in ongoing trade negotiations, the Trump administration announced today it was moving forward with tariffs and other trade restrictions associated with USA claims of intellectual property theft by Chinese enterprises. [Full Article...]

JAB to buy sandwich chain Pret A Manger from Bridgepoint

JAB to buy sandwich chain Pret A Manger from Bridgepoint JAB, the Luxembourg investment company backed by the billionaire Reimann family, agreed to buy United Kingdom -based Pret from private equity firm Bridgepoint Advisers Ltd., the parties said in a statement Tuesday, without disclosing terms. [Full Article...]


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