• Trump slaps tariffs on $200 bln in Chinese goods
Trump slaps tariffs on $200 bln in Chinese goods

Then last month, the escalating trade war moved up a gear when the USA brought in a 25 percent tax on a second wave of goods worth $16b. The tough talk follows reports China is deliberately reducing exports to the USA by slowing down customs approvals and stepping up environmental and other inspections.

Read more

  • May tells rebels - It's my Brexit deal or no deal
May tells rebels - It's my Brexit deal or no deal

Speaking to the Financial Times , she said: "They are not capable of governing.We're either going to have a general election in the autumn or we're going to have it in the spring..." The former foreign secretary doubled down on his criticism of Mrs May in his weekly Telegraph column on Sunday, saying she was leading Britain toward a "spectacul...

Read more

  • British Airways hack exposes personal and financial details of 380,000 customers
British Airways hack exposes personal and financial details of 380,000 customers

BA advised anyone who believed they may have been affected to contact their bank or credit card provider and follow their recommendations. Police and other "relevant authorities" are working to investigate the hack, the airline said. "We discovered that something had happened, and immediately we began to work". "They appear to be saying on Tw...

Read more

  • Amazon joins $1 trillion club, on pace to overtake Apple
Amazon joins $1 trillion club, on pace to overtake Apple

The e-commerce giant saw shares rise to $2,050.50 just before noon, putting its valuation just about $100 billion behind Apple, which crossed the line a little over a month ago. E-commerce company Amazon on Tuesday became the second American company to cross United States dollars 1 trillion in value. Amazon's share prices slightly receded after h...

Read more

  • Ayanna Pressley Defeats Rep. Mike Capuano In Democratic Primary
Ayanna Pressley Defeats Rep. Mike Capuano In Democratic Primary

Additionally, Pressley entered her race with political experience, working 16 years as a congressional aide and serving nine years as a Boston city councilor. He had an A rating from the NAACP and hosted campaign events with civil rights icon Rep. It is the only in the state to have a majority non-white population.

Read more

  • Yashwant Sinha Slams Government For Hike In Prices Of Petrol, Diesel
Yashwant Sinha Slams Government For Hike In Prices Of Petrol, Diesel

The rupee-dollar exchange rate has dropped to an all-time low of Rs 71.42 to a dollar on August 31. The price differential between petrol and diesel in Mumbai has also reduced to one of the lowest of the year - at Rs 11.02 per litre, which means petrol cars seem to have as good an operational benefit as their diesel siblings.

Read more

  • United States and Mexico reach NAFTA overhaul deal, upping pressure on Canada
United States and Mexico reach NAFTA overhaul deal, upping pressure on Canada

Trade Representative Robert Lighthizer. Reitzes notes that while the U.S. -Mexico agreement provides some optimism that a deal can be reached with Canada, there is no indication that the Bank of Canada will see this as justifying a rate hike next week.

Read more

  • Over 99% of demonetised notes were returned: RBI
Over 99% of demonetised notes were returned: RBI

The party said the return of nearly all the junked notes meant that the government had failed to unearth any black money, check terror financing and eradicate fake currency as promised by Modi while announcing noteban. The statistics suggest that the demonetisation exercise failed to check black money, which was claimed to be one of the main aims...

Read more

  • Trump says trade deal with Mexico ‘could be happening soon’
Trump says trade deal with Mexico ‘could be happening soon’

Canada has sat out the most recent phase of the year-long discussions, and once it rejoined the talks, the three sides would need to work for at least another week, Guajardo said. Seade on Thursday night rejected the idea that the energy issue has become controversial, but said that adjustments need to be made in the Nafta deal language to reflect ...

Read more

  • US Seeks To
US Seeks To "Severely" Damage Iran Economy, Top UN Court Hears

It said they aimed to curb ISIS's nuclear ambitions. " The proceedings instituted by Iran are a misuse of the Court ", he said later on Monday. Japan continues to import Iranian crude oil and is reportedly talking to Washington about avoiding adverse impacts...

Read more

  • PepsiCo Buys Israel’s SodaStream 27 Years After Ending Boycott On Israel
PepsiCo Buys Israel’s SodaStream 27 Years After Ending Boycott On Israel

That's 11% higher than Friday's closing price and would be PepsiCo's largest acquisition in eight years. The Israel-based company, which produces machines that allow people to make fizzy drinks in their own homes, has positioned itself as a provider of a healthy product in contrast to traditional sugary, carbonated drinks.

Read more

  • Tesla shares slide as Elon Musk admits to
Tesla shares slide as Elon Musk admits to "difficult and painful year"

Tesla shares capped their worst week since 2016, tumbling 8.9 per cent - the most in two years - to close at $US305.50, a far cry from Musk's $420 buyout proposal. Most of the company's board members have ties and relationships with Musk, but Elson and Gordon say they also have a fiduciary duty to all the other shareholders.

Read more

  • China sending trade envoy to Washington for talks
China sending trade envoy to Washington for talks

Beijing said the United States measures are suspected of violating trade rules and that it would turn to the WTO's dispute resolution mechanism to protect its interests. The president has also said the tariffs have been created to promote better trade deals. China lodged its challenge at the WTO on Tuesday, the statement said.

Read more

  • Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released
Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

The dispute over Brunson and other frictions between Washington and Ankara have been one reason the Turkish lira has plunged 40 percent this year. Tensions between Turkey and the United States have been on the rise as Trump has pressed for the release of the pastor. Trump added the pastor is a "very innocent man" and "we got somebody out for hi...

Read more

  • Asian shares gain on U.S.-China trade talks, lira recovers
Asian shares gain on U.S.-China trade talks, lira recovers

Mr Erdogan has accused the U.S. of trying to "bring Turkey to its knees through threats over a pastor". Turkish officials said Mr Erdogan spoke with French president Emmanuel Macron , during which the French president said Turkey's economic stability is important for France.

Read more

  • Turks Break iPhones into Pieces in Response to Erdogan’s Call
Turks Break iPhones into Pieces in Response to Erdogan’s Call

He suggested Turks would buy local or Korean phones instead, although it was unclear how he meant to enforce the boycott. Turkish President Recep Tayyip Erdogan vowed to boycott American electronics, including Apple Inc.'s iPhone, as he retaliates against Donald Trump's attempts to isolate his economy.

Read more

  • Oil rises on concern over Saudi and Iranian supply
Oil rises on concern over Saudi and Iranian supply

Andurand expects oil to jump to US$150 a barrel as USA sanctions against Iran kick in in a couple of months and crude supply shrinks by a million bpd or more. Oil dropped as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand. LONDON-Oil prices fell Wednesday after data showed a rise in US c...

Read more

  • Search for survivors after Italian motorway collapse kills 26
Search for survivors after Italian motorway collapse kills 26

Rescuers hunted for survivors among huge chunks of debris on Wednesday after a bridge collapse that killed 39, as furious government ministers rounded on the viaduct's operator, saying it should pay fines and compensation and lose its concession.

Read more

  • Turkey slaps 140% tariff on American alcohol
Turkey slaps 140% tariff on American alcohol

The United States is warning more economic pressures may be in store for Turkey if it refuses to release a jailed American pastor , a White House official said on Tuesday, in a dispute that has further strained relations between the North Atlantic Treaty Organisation allies.

Read more

  • Firefighter killed battling California's Ranch Fire
Firefighter killed battling California's Ranch Fire

The cooler temperatures gave firefighters a chance yesterday to attack the string of major wildfires across California, fire officials said. So far, the Holy Fire has scorched more than 22,700 acres in the Cleveland National Forest. The unidentified firefighter was killed on Monday while battling the Ranch Fire , one of two blazes that make up...

Read more

  • Elon Musk Got 1.4 Million Dollars Richer Because Of A Tweet
Elon Musk Got 1.4 Million Dollars Richer Because Of A Tweet

Saudi Arabia's Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc CEO Elon Musk's proposed $72bn deal to take the United States electric auto maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.

Read more

  • Erdogan calls on Turkey to 'boycott' iPhones and other U.S. electronic goods
Erdogan calls on Turkey to 'boycott' iPhones and other U.S. electronic goods

Financial markets are now waiting to see what Turkey does next, after a raft of measures unveiled Monday did little to stem the tide. "You act on one side as a strategic partner but on the other you fire bullets into the foot of your strategic partner", he said.

Read more

  • Stocks drop on Monday as Turkey lira crisis continues
Stocks drop on Monday as Turkey lira crisis continues

Investors globally headed for safe harbors including the USA dollar as the selloff in Turkey spread to emerging markets overseas, including South Africa's rand. "They tell us to release the priest by Wednesday 6:00 pm, otherwise the sanctions will begin", said Erdogan, adding Turkey was not a country to agree to such requests.

Read more

  • Elon Musk says Saudi Arabia could finance bid to take Tesla private
Elon Musk says Saudi Arabia could finance bid to take Tesla private

That meeting inspired Musk's "funding secured" tweet last week that said he was "considering taking Tesla private " at $420 a share, he wrote. Going back nearly two years, the Saudi Arabian sovereign wealth fund has approached me multiple times about taking Tesla private.

Read more

  • Years After Going Public, Elon Musk Wants To Take Tesla Private
Years After Going Public, Elon Musk Wants To Take Tesla Private

He said his own stake of about 20 percent would not be "substantially different" if the plan were to proceed. "Am considering taking Tesla private at $420". Taking Tesla private "makes a ton of sense", said Gene Munster , a managing partner at venture capital firm Loup Ventures. "The reason for doing this is all about creating the environme...

Read more

  • Facebook denies seeking users' bank data
Facebook denies seeking users' bank data

At a time when Facebook's data management is under intense scrutiny, this news is unlikely to be greeted enthusiastically by customers of those banks called out in the story - JPMorgan Chase , Wells Fargo , Citigroup , and U.S. Wells Fargo declined to comment. In a statement to the Journal , a Facebook spokesperson said it will not use t...

Read more

  • American job growth falls short of expectations in July
American job growth falls short of expectations in July

Hiring in dentists' offices was relatively flat, adding only 200 jobs last month. Many business leaders have warned that the standoffs with China , the European Union and other major trading partners could cause layoffs if tariffs stay in place for an extended period of time.

Read more

  • Record Iranian oil imports for India in July
Record Iranian oil imports for India in July

Iranian President Hassan Rouhani has warned the U.S. against any attempt to stop Tehran's oil trade, threatening to block the strategically important Strait of Hormuz. Their arrival means Iran Air has received 13 of the 20 it ordered from the French-Italian manufacturer in April 2017. The matter is awkward for Germany because the government i...

Read more

  • China plans tariffs on US$60B of imports to counter Trump
China plans tariffs on US$60B of imports to counter Trump

It said retaliatory duties of between 5 and 25 per cent will be imposed on 5,207 products "if the USA side persists in putting its tariff measures into effect". General Electric (GE.N ) estimated the new tariffs on its imports from China could raise its costs by $300 million to $400 million overall, before steps to lessen the impact while General M...

Read more

  • Bank of England joins the hawks
Bank of England joins the hawks

It suggested the United Kingdom would fall into a recession and interest rates and unemployment would soar. In a BBC Radio interview on Friday, he said a disorderly Brexit is "highly undesirable". But he insisted stress tests ordered by the Bank had ensured that Britain's financial institutions, which have tripled their capital and increased their ...

Read more

  • Tesla adds 'Party & Camper mode' to Model 3, S and X
Tesla adds 'Party & Camper mode' to Model 3, S and X

Tesla said it would build up to 55,000 Model 3s in the current quarter at a positive gross margin, buoying hopes that the electric vehicle maker led by Elon Musk will meet its goal of profitability and positive cash flow in 2018, as it strives to recover from manufacturing challenges.

Read more

  • Turkey says to retaliate against United States decision to impose sanctions over pastor
Turkey says to retaliate against United States decision to impose sanctions over pastor

Gul on Twitter later dismissed the sanctions , saying that he had no assets overseas. "These officials serve as leaders of Turkish government organisations responsible for implementing Turkey's serious human rights abuses", the US Treasury Department said in a statement Wednesday.

Read more

  • Trump, European Union leaders pull back from trade war
Trump, European Union leaders pull back from trade war

Trump had in recent weeks suggested he would put new tariffs on cars - and vehicle parts - imported from Europe. In May, analysts recall, Treasury Secretary Steven Mnuchin announced a cease-fire in a trade war with China after Beijing - like the European Union on Wednesday - had agreed to buy more US soybeans and liquefied natural gas .

Read more

  • Facebook Facing Legal Issue After Stock Plunge
Facebook Facing Legal Issue After Stock Plunge

These moves have likely impacted Facebook's earning projections and user numbers, which led to the 24 percent reduction in its stock value. Mr Kacouris said the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company.

Read more

  • Facebook's Day Of Reckoning: Blip Or Sign Of Broader Turn?
Facebook's Day Of Reckoning: Blip Or Sign Of Broader Turn?

But the revenue of $13.2 billion missed Wall Street estimates of $13.4 billion. Facebook Chief Financial Officer David Wehner said on a conference call with investors that Facebook is "putting privacy first" after the Cambridge Analytica scandal triggered a wave of terrible press, customer angst and regulatory scrutiny around the world....

Read more

  • Temperatures to PLUMMET this weekend after record breaking 37c HEAT
Temperatures to PLUMMET this weekend after record breaking 37c HEAT

The odd thunderstorm is expected over the Pennines today and although other areas of the north-west are set to see more heavy rain than thunder, yellow weather warnings are continuing to expand across the country. Porthmadog in North Wales had held the record for the hottest day of the year so far, with temperatures reaching 33C (91.4F) on June 28....

Read more

  • Donald Trump strikes trade deal with E.U
Donald Trump strikes trade deal with E.U

Trump said Europe agreed to increase purchases of USA liquefied natural gas and lower trade barriers to American soybeans, aiding U.S. farmers and the energy sector. Sens. Doug Jones, D-Ala., and Lamar Alexander, R-Tenn., on Wednesday introduced legislation that would delay Trump's planned auto tariffs. High tariffs disrupt normal marketing patt...

Read more

  • Facebook user numbers disappoint, stock nosedives
Facebook user numbers disappoint, stock nosedives

Shares in Facebook , which have risen about 23 percent this year, fell 8.6 percent to $198.71 in trading after the bell as investors reacted to the results. Overall, average daily users increased 11% from the period a year earlier. Separately Wednesday, Facebook general counsel Colin Stretch, who advised the company through a series of probes ...

Read more

  • Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66
Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66

Marchionne has done what many thought impossible, most notably his huge gamble just over a decade ago when he set in motion the marriage between the then-ailing Fiat with bankrupt USA rival Chrysler. FCA appointed Jeep head Mike Manley as Marchionne's successor, before the company's European head stepped down after being passed over for the promoti...

Read more

  • Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine
Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

The shares rose as much as 5.3 per cent, the most in nearly nine months, to US$1,275 at the market open in New York Tuesday. Their average price target is now $1,340 - up from $1,259 last week - according to data compiled by Bloomberg. Other tech giants Amazon and Facebook will report quarterly results later in the week. Google's capital sp...

Read more

  • Trump to offer US farmers billions to ease trade pain
Trump to offer US farmers billions to ease trade pain

Earlier this month, 25 percent tariffs on $34 billion of Chinese imports of machinery and electronics went into effect, prompting Beijing to respond with tit-for-tat tariffs on American exports of soybeans and other products. "I'm only in favor of the tariffs to fix the problem that's been going on for decades", Bruce Rastetter said during an inter...

Read more

  • Trump 'Very Happy' with North Korea Nuclear Weapons Talks
Trump 'Very Happy' with North Korea Nuclear Weapons Talks

A satellite image released by 38 North on Monday showing the partial dismantling at the Sohae launch site in North Korea . Trump met North Korea's leader in Singapore in June. The launch in February 2016 was particularly contentious because Pyongyang had conducted a nuclear test just a month earlier. The North suspended long-range missile test...

Read more

  • Tesla shares plummet after reportedly asking suppliers for cash rebates
Tesla shares plummet after reportedly asking suppliers for cash rebates

The Wall Street Journal sites a Tesla memo, in which the carmaker asked its major supplier to refund some money Tesla had paid earlier. Tesla probably has some leverage to gain suppliers' support, given that the type of parts it uses is probably a bit different from other automakers and it may even be the only customer in some cases, said ...

Read more

  • Trump gripes on forex weigh on dollar, stoke 'currency war' fears
Trump gripes on forex weigh on dollar, stoke 'currency war' fears

Trump followed-up this comment on Friday by tweeting, "The United States should not be penalized because we are doing so well". The U.S. dollar weakened the most since March while the loonie surged, U.S. However, such a maneuver risks reigniting an outflow of capital that Beijing has spent months trying to halt. "Chasing USD/CNY higher is prob...

Read more

  • Tesla shares fall after CEO Musk abuses British caver
Tesla shares fall after CEO Musk abuses British caver

In a freaky series of tweets on Sunday, Musk said he would produce a video proving his submarine would have been able to reach the children and in a comment directed at Unsworth, added: "Sorry pedo guy , you really did ask for it". The submarine , I believe, was about five-foot-six long, rigid, so it wouldn't have gone round corners or roun...

Read more

  • Amazon Prime Day deals include 30% off the Kindle Paperwhite
Amazon Prime Day deals include 30% off the Kindle Paperwhite

Search for the items you're interested in and sign up for the watch list, that way you'll be alerted through the Amazon app when that deal is about to go live on Prime Day . You'll get 30 days free (if you're a student, you get 6 months), and then it's $119/year (or $59/year for students). The events showcase how much Amazon Prime's offerings...

Read more

  • China vows ‘firm and forceful’ counter-measures against United States tariffs
China vows ‘firm and forceful’ counter-measures against United States tariffs

The US administration late on Tuesday released a huge list of new tariffs on $ 200 billion worth of goods from China . U.S. President Donald Trump has said he may ultimately impose tariffs on more than $500 billion worth of Chinese goods, roughly the total amount of U.S.

Read more

  • Global memory market likely to reshuffle with UMC win United Microelectronics Corporation
Global memory market likely to reshuffle with UMC win United Microelectronics Corporation

A spokesman for Micron, which is based in Idaho, said Wednesday that the company hasn't yet received the court order and won't comment until it does. Micron is the world's fourth-biggest semiconductor supplier by sales revenue following South Korean firms Samsung and SK Hynix and U.S. chip giant Intel.

Read more

  • China vows counter-attack as Trump trade pulls trade war trigger
China vows counter-attack as Trump trade pulls trade war trigger

The Trump administration's 25% tariffs are targeting Chinese products such as industrial machinery, medical devices and auto parts. However, while no details have been provided as yet, it looks like a Chinese retaliation may be in the works.

Read more

  • Amlo win to usher in new era in Mexico
Amlo win to usher in new era in Mexico

On Saturday, the Democratic Revolution party said four of its members were killed in Mexico State, west of Mexico City, while trying to prevent hand-outs of goods by the ruling party to potential voters. Carlos Urzua, Lopez Obrador's pick to be his finance minister when he takes office on December 1, told Reuters on Monday that the new govern...

Read more