Economy

Jack Ma says he can't create 1 million United States jobs after all

But Ma told Xinhua that his pledge had been made on the basis of continued cooperation and trade growth between the United States and China, and would now be hard to fulfill. Tensions have escalated this week as China vowed to retaliate against U.S. plans to levy tariffs on about $200 billion (RM828 billion) in Chinese goods. [Full Article...]

We’re ready to come up with a better backstop proposal — European Union negotiator

We’re ready to come up with a better backstop proposal — European Union negotiator British Prime Minister Theresa May appealed directly to fellow European leaders on Wednesday to drop "unacceptable" Brexit demands that she said could rip Britain apart, and urged the bloc to respond in kind to her "serious and workable" plan. [Full Article...]

Coca-Cola denies plans to make marijuana-infused drinks

Coca-Cola denies plans to make marijuana-infused drinks A statement on the firm's website dated September 17, said the company has no interest in cannabis or in marijuana as reported by worldwide media outlets. Cowen analyst Vivien Azer cited growing consumer interest in CBD and said its properties lend the ingredient well to a sports recovery drink. A Coke spokesman said the beverage giant has made no such decision. [Full Article...]

Cathay Pacific spells own name wrong on new plane

Cathay Pacific spells own name wrong on new plane But the airline later saw the amusing side and tweeted: 'Oops this special livery won't last long! "She's going back to the shop!" it read. The airline confirmed the error on its Twitter account, and poked a bit of fun at itself in the process. [Full Article...]

President Trump to visit Cherry Point as part of Florence tour

President Trump to visit Cherry Point as part of Florence tour WH Group Ltd's Smithfield Foods Inc [SFIL.UL], the biggest USA pork producer, was operating processing plants at limited capacity, after previously closing the world's largest hog slaughterhouse in Tar Heel, North Carolina, spokeswoman Diana Souder said. [Full Article...]

Oil prices edge up as supply concerns outweigh U.S. stockpile gains

Oil prices edge up as supply concerns outweigh U.S. stockpile gains However, potential supply cuts caused by US sanctions on Iran, the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC), are providing some support for oil prices . In 2016, major producers both within and outside OPEC agreed to slash production in an attempt to boost prices following the 2014 oil market crash. [Full Article...]

Tesco's new discount chain Jack's takes on Aldi and Lidl

Tesco's new discount chain Jack's takes on Aldi and Lidl Tesco is currently Britain's grocery market leader with a share of 27.4%, but the discount supermarkets have recently increased their share significantly, now taking 13.1% of the market. "The staff in the new stores are on different terms and conditions to other Tesco staff, which involves a higher hourly rate but fewer other employment benefits". [Full Article...]

Needles in strawberries reported in Kelmscott, Spearwood and Bull Creek

Needles in strawberries reported in Kelmscott, Spearwood and Bull Creek Strawberry prices have already dropped around the country, with prices in Western Australia now below the cost of production, ABC News reported over the weekend. Queensland Police are leading an investigation into the source of the needles, and the state's Premier Annastacia Palaszczuk has stumped up a reward of $100,000 for anyone with information that leads to the capture of the culprits. [Full Article...]

McDonald's Workers Strike Over Sexual Harassment In The Workplace

McDonald's Workers Strike Over Sexual Harassment In The Workplace Louis. Organizers say it will be the first multistate strike in the USA specifically targeting sexual harassment . In an email to the Associated Press , McDonald's said it has "policies, procedures and training in place that are specifically created to prevent sexual harassment at our company and company-owned restaurants, and we firmly believe that our franchisees share this commitment". [Full Article...]

After social media frenzy, Heinz debuts 'Mayochup' sauce to U.S.

After social media frenzy, Heinz debuts 'Mayochup' sauce to U.S. They're calling it Mayochup. From now until Tuesday, Mayochup fans can vote on which city will receive the sauce first. A spokesperson for Heinz said: "We are massively excited about the possibility of Mayochup being enjoyed on the nation's dinner plates, so would encourage everyone to head to our Twitter page to take part in the vote". [Full Article...]

United Kingdom needs second plan in case 'Chequers' fails - Brexit committee head

United Kingdom needs second plan in case 'Chequers' fails - Brexit committee head May's comments on the issue this week mark the six-month countdown to Britain's formal exit from the European Union on 29 March, 2019. The issue has been seized upon by populist leaders like Hungary's Prime Minister Viktor Orban and Italian Interior Minister Matteo Salvini as a campaign issue ahead of next May's European Parliament elections. [Full Article...]

Celebrate National Cheeseburger Day with free or discounted burgers, and nothing else

Celebrate National Cheeseburger Day with free or discounted burgers, and nothing else McDonald's: The McDouble will be just $1. For National Cheeseburger Day on Tuesday, Red Robin has a special deal: Any Gourmet Cheeseburgers with bottomless steak fries cost a flat $5 each when you dine in and purchase any beverage. on Friday. They are also offering their Carhop Classic Quarter Pound Double Cheeseburger and Medium Tots, or their Classic Sonic Signature Slider and Medium To... [Full Article...]

Stock futures cautious as White House expands tariffs on Chinese goods

Last month, China unveiled a proposed list of tariffs on $60 billion of US goods ranging from liquefied natural gas to certain types of aircraft - should Washington activate the tariffs on its $ 200 billion list. The impact of the new tariffs on foreign exchange trading was also limited, with the Chinese yuan 0.1% lower against the dollar. If countries will not make fair deals with us, they wil... [Full Article...]

Trump throws $200 bln tariff bomb at China

Trump throws $200 bln tariff bomb at China The idea was that China's additional purchases would shrink its trade surplus with the United States . Apple Inc (AAPL.O) has said the moves could hit a "wide range" of its products. Trump also has complained about America's massive trade deficit - $336 billion a year ago - with China, its biggest trading partner. It will increase to 25 percent on January 1 unless the two countries reach a ... [Full Article...]

Trump claims China tariffs successful

US stock index futures extended losses in post-market trading late Monday after President Trump announced a new round of tariffs on about $200 billion worth of Chinese imports. U.S. President Donald Trump chose to begin taxing the imports - equal to almost 40 per cent of goods China sold the United States previous year - after a public comment period. [Full Article...]

Saudi's PIF invests more than $1 billion in Lucid Motors

Saudi's PIF invests more than $1 billion in Lucid Motors Lucid said Monday that it had executed a $1 billion investment agreement with the fund, subject to necessary regulatory approvals. Lucid's press release says the Air is now slated for a 2020 release, which is two years beyond when the company first expected to launch its electric vehicle. [Full Article...]

British Diver Sues Elon Musk Over "Pedo" Accusation

British Diver Sues Elon Musk Over We reached out to Tesla for comment and will update if we hear back. Unsworth's comment prompted a series of tweets by Musk, including on July 15 when he said , "Sorry pedo guy, you really did ask for it". "Mr Unsworth is not a paedophile". They reject allegations of pedophilia and say Unsworth has "never been married to a minor". The 47-year-old billionaire who earlier this month faced inves... [Full Article...]

Trump slaps additional 10% tariffs on $200bn in Chinese goods

Trump slaps additional 10% tariffs on $200bn in Chinese goods Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing USA companies some time to adjust their supply chains to other countries, a senior administration official said. [Full Article...]

Trump imposes tariffs on $200B more of Chinese goods

Trump also threatened to "immediately pursue" tariffs on another $267 billion of imports if China retaliates. Mr. Trump blasted America's trade track record with China in a meeting on the American workforce Monday afternoon before formally announcing the tariffs. [Full Article...]

Centre merges Bank of Baroda, Vijaya Bank, Dena Bank

Centre merges Bank of Baroda, Vijaya Bank, Dena Bank Reacting on the proposal of merger, the FM said that the government had announced in the Union Budget that consolidation of banks will be on the agenda of the government. In contrast to net non performing assets (NPA) ratio of 11.04 per cent for Dena Bank, 5.40 per cent for Bank of Baroda and 4.10 per cent for Vijaya Bank, the combined entity will have net NPA ratio of 5.71 per cent, according... [Full Article...]


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