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Finance

The warehouse, one of several buildings on the distillery's 192-acre site, holds about 20,000 barrels of aging bourbon. Kentucky distilleries are aging a total of 6.8 million bourbon barrels, according to the Kentucky Distillers' Association.
  • Germany's Daimler lowers 2018 outlook, cites tariffs, diesel

    Germany's Daimler lowers 2018 outlook, cites tariffs, diesel

    Finance

    The news follows a proposal from US President Donald Trump that he would impose tariffs on imported vehicles, arguing that the current trade imbalance poses a national security risk. Daimler said it now expects full-year earnings before interest and taxes to come in slightly below last year's level, compared with its previous forecast of a slight increase.
  • European Union supporters rally in London for public vote on Brexit terms

    Finance

    Writing in The Sun , Johnson urged against a "bog-roll Brexit ", British slang for toilet paper, and called on his boss to "fulfil the mandate of the people and deliver a full British Brexit". 'They don't want some bog roll Brexit , soft, yielding and seemingly infinitely long. "But two years later, all we've got are broken promises, an economy that's already feeling the strain of Brexit and a government paralyzed by internal divisions", he said.
  • Tesla Plans Closure Of Multiple SolarCity Locations, Employee Lay Offs Imminent

    Tesla Plans Closure Of Multiple SolarCity Locations, Employee Lay Offs Imminent

    Finance

    Tripp , the Tesla lawyers said , had been "disruptive and combative" with colleagues and had grown disgruntled after being assigned to a new role. Tripp responded to the company's lawsuit by claiming to be a whistleblower - saying he told Business Insider that Tesla used defective batteries and churned through expensive components to address a production shortfall.
  • South Dakota leaders celebrate historic Supreme Court ruling

    South Dakota leaders celebrate historic Supreme Court ruling

    Finance

    Big-box retailers like Walmart , Target , and Costco, on the other hand, recorded modest gains. South Dakota , which passed a law in 2016 taxing out-of-state online retailers, asked the court to overturn its earlier decision, an appeal supported by more than 40 states and the Trump administration .
  • Auto trade group decries Trump’s tariff threat

    Auto trade group decries Trump’s tariff threat

    Finance

    The United States has granted exemptions to some products from Japan and four other countries from its additional tariffs on steel imports, the Commerce Department said Wednesday. Trump's trade policies have also escalated conflict with Canada and Mexico as he seeks to renegotiate the $1.1 trillion North American Free Trade Agreement.
  • Most Expensive Car: 1962 Ferrari 250 GTO Auction Could Top $70 Million

    Most Expensive Car: 1962 Ferrari 250 GTO Auction Could Top $70 Million

    Finance

    With memories still fresh of the world-record-setting price of US$70 million recently paid for a Ferrari 250 GTO with competition history, another unit-one of just 36 ever made-is coming up for sale. Later, it was sold to the car's first owner, Mr Edoardo Lualdi-Gabardi. "It's got great provenance and a good racing history and $45 million doesn't seem unreasonable".
  • TSX jumps with energy stocks in wake of OPEC deal

    TSX jumps with energy stocks in wake of OPEC deal

    Finance

    The proposal is the result of a face-saving compromise hammered out after days of diplomacy in Vienna dominated by tensions between Iran and archfoe Saudi Arabia over amending an 18-month-old supply-cut deal that has lifted oil prices to multi-year highs.
  • Winning! OPEC Bows to Trump's Demand for Cheaper Oil

    Finance

    That has since then helped push up the price of oil by nearly 50 percent. Subsequently, WTI and Brent crude futures rose with the latter briefly above $75/bbl, given that markets had feared that OPEC would agree a larger production, while the 1mln bpd increase will likely represent a real increase of 600-700k bpd, which had been largely priced in.
  • Saudi bourse will be ready for capital inflows after…

    Saudi bourse will be ready for capital inflows after…

    Finance

    The process followed by MSCI to go up or down to a market is long: it takes a year since the consultation period begins until it announces the decision, and then it takes another year to make the incorporation of the new countries into the index more effective.
  • Online shopping prices likely to rise after new sales tax ruling

    Finance

    Take the scenario where a guy from New York City buys a bike online from an OR company. Physical stores have always had to charge sales tax, but many online retailers have been able to undercut them by ignoring sales tax. The attorney general of South Dakota, who defended a state rule that required out-of-state retailers to collect state taxes, said the decision is a win for the state and small businesses.
  • Iran storms out of OPEC meeting to boost oil supply

    Finance

    The 14-nation OPEC and its 10 non-member partner nations, known as OPEC+, are in the midst of an agreement that runs through the end of the year, under which they have trimmed production by 1.8 million barrels per day. However, it exports below seven million barrels daily. Iran is usually not part of the committee, which includes Russia , Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Algeria and Venezuela.
  • Chinese media says USA has 'delusions', urges focus on domestic development

    Chinese media says USA has 'delusions', urges focus on domestic development

    Finance

    EU Trade Commissioner Cecilia Malmstrom said this week that the 28-nation bloc was "left with no other choice" but to impose tariffs of its own after the "unilateral and unjustified decision of the USA". By the first week in July, $75 billion in U.S. products will be hit by new foreign tariffs, according to the U.S. Chamber of Commerce's John Murphy.
  • European Union to begin counter trade tariffs against USA on Friday

    European Union to begin counter trade tariffs against USA on Friday

    Finance

    The European Union slapped revenge tariffs on iconic United States products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump . "We have a trade war - and it's an escalating trade war", SEB chief economist Robert Bergqvist told AFP in an interview. "The EU has a responsibility to stand up for open global trade".
  • TSX dips with oil ahead of OPEC meeting

    TSX dips with oil ahead of OPEC meeting

    Finance

    The Organization of the Petroleum Exporting Countries ( OPEC ), a producer cartel de-facto led by top exporter Saudi Arabia , is meeting together with some non-OPEC members including top producer Russian Federation at its headquarters in the Austrian capital to discuss output policy.
  • Trump accuses Canadians of smuggling tariffed goods from USA across border

    Trump accuses Canadians of smuggling tariffed goods from USA across border

    Finance

    Broad measures of American equities have held up better than their Chinese counterparts, but striation within the USA markets suggests that investors anticipate steep losses in some stalwart names. The S&P and the Nasdaq also fell. President Donald Trump is calling for tariffs on $200 billion in Chinese imports, drawing a rebuke from China. (Seipi), the largest organization of foreign and Filipino electronics companies in the Philippines, concedes that the country's $33-billion electronics ...
  • Germany's Merkel given ultimatum over migration policy

    Germany's Merkel given ultimatum over migration policy

    Finance

    Merkel has insisted that an EU-wide settlement can be reached at a June 28-29 Brussels summit, and says Seehofer's plan to turn away migrants who have previously been expelled would prejudice her chances of reaching that deal. The plan foresees turning away asylum-seekers at Germany's border if they entered the European Union from another member state and first registered there.
  • Oil falls 2 pct as OPEC nears deal to raise production

    Oil falls 2 pct as OPEC nears deal to raise production

    Finance

    But analysts said trade concerns and disagreements within the Organization of the Petroleum Exporting Countries (OPEC) over boosting supply continue to loom over the market . "Iran rejected a potential compromise, saying it won't support even a small increase in oil production". There's a good reason for the two countries' opposition - neither have the ability to increase their own production.
  • Audi CEO arrested in connection to the Volkswagen emissions scandal

    Audi CEO arrested in connection to the Volkswagen emissions scandal

    Finance

    In April, Stuttgart prosecutors said they had taken one person into custody following raids at 10 locations. News of the arrest comes as VW's new group CEO Herbert Diess is trying to introduce a new leadership structure - which includes Stadler - and speed up the group's shift towards electric vehicles in the wake of the biggest motoring scandal in modern history.
  • Russian Burger King Apologises After Sharing Bizarre Competition

    Russian Burger King Apologises After Sharing Bizarre Competition

    Finance

    The Associated Press reports the promotion offered a lifetime supply of Whoppers to women who who get "the best football genes" and "ensure the success of the Russian team for generations to come". The fast food chain said the offer "does not reflect our brand or our values and we are taking steps to ensure this type of activity does not happen again".
  • European Union to impose countertariffs on United States products as of Friday

    Finance

    On March 1, President Donald Trump announced that the United States would be imposing a 25 percent global tariff on all steel imports to the US and a 10 percent global tariff on all aluminum imports. She called the EU's response "measured, proportionate and fully in line with WTO rules". Blue jeans may be among the products that will be hit by retaliatory tariffs announced by the European Union against the United States.
  • Hackers hit South Korean cryptocurrency exchange for $31.5M

    Hackers hit South Korean cryptocurrency exchange for $31.5M

    Finance

    Right now we have already saw a small dip as the price currently sits around $6,600 as the announcement about the Bithumb cryptocurrency hack was just made almost 30-40 minutes ago upon writing. It has fallen roughly 70 percent from its all-time peak hit around mid-December 2017. Last week, a South Korean venue called Coinrail said that some of the exchange's digital coins appeared to have been stolen by hackers, though it did not disclose how much.
  • Thousands still stranded in Charlotte airport

    Thousands still stranded in Charlotte airport

    Finance

    PSA Airlines, a regional carrier for American, had already canceled 275 of its scheduled flights on Thursday and 400 more on Friday. American Airlines has not responded to FOX 46 Charlotte's request for information relating to the specifics of the " technical issue ".
  • Starbucks to close 150 USA cafes to combat slowing growth

    Starbucks to close 150 USA cafes to combat slowing growth

    Finance

    The announcement was made on the heels of revealing that Starbucks was expecting same-store sales to grow just 1 percent for the quarter of the fiscal calendar beginning next month - after initially projecting a 2.9 percent growth. In addition to the lost sales on that day and the costs of the training, Starbucks delayed its seasonal marketing push, which it would have begun in mid-April.
  • Walt Disney raises bid for Fox assets to $38 per share

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

    Finance

    Disney and Comcast are fighting over the assets as they scramble to build scale to compete with fast-growing digital giants like Netflix Inc. and Amazon Inc. But it comes with one key change created to stave off Comcast's all-cash offer: a provision that allows Fox shareholders to decide whether to accept their payment in cash or stock.
  • Trump tariffs: Markets fall as trade war fears mount

    Trump tariffs: Markets fall as trade war fears mount

    Finance

    With companies from Apple Inc to Walmart Inc and General Motors Co all operating in China and looking to expand, that gives Mr Xi a way to retaliate. Trump said on Monday he had asked the US Trade Representative to target $200 billion worth of imports for a 10% levy, citing China's "unacceptable" move to raise its own tariffs .
  • Microsoft employees revolt over firm's 'proud support' of US ICE

    Microsoft employees revolt over firm's 'proud support' of US ICE

    Finance

    They are dismayed at President Donald Trump's "zero-tolerance" immigration policy, in which families and children are separated after crossing the US-Mexico border illegally. "We also call Microsoft to draft, publicise and enforce a clear policy stating that neither Microsoft nor its contractors will work with clients who violate global human right law", the letter said pointing out towards a $19.4 million contract that the company has with ICE for processing data and artificial intelligence ...
  • Canada's duties force shoppers to smuggle, Trump wrongly accuses

    Finance

    Trump accused Canadians of crossing the border with the U.S.to buy products and "smuggle" them back into their country because their tariffs are so high. While addressing the National Federation of Business in Washington, Trump told the crowd that Canadians are resorting to smuggling US goods to avoid tariffs.
  • McDonald's to eliminate plastic straws from its United Kingdom and Irish supply chains

    McDonald's to eliminate plastic straws from its United Kingdom and Irish supply chains

    Finance

    After a petition calling for the company to stop their use of plastic straws was started, the company announced on Facebook that it would phase them out, writing "You asked, we listened". In addition to tests that began earlier this year in the UK, McDonald's has also begun testing alternatives to plastic straws in Belgium. Transcend Packaging, the owner and operator of the new plant, has already reached out to 1,361 McDonald's restaurants throughout the United Kingdom.
  • Trump threatens additional tariffs on $200 billion of Chinese goods

    Trump threatens additional tariffs on $200 billion of Chinese goods

    Finance

    A Commerce Ministry statement criticized the US measures as "extreme pressure and blackmail". The ministry also responded to Trump's threat that a third set of tariffs, again totaling $200 billion wroth of Chinese imports to the USA, would move forward if China hits back at the first set.
  • Tesla chief Elon Musk accuses worker of sabotage

    Tesla chief Elon Musk accuses worker of sabotage

    Finance

    Musk said in the email, which was seen by Reuters , that he had learned of this alleged behaviour at the weekend. The CEO, who warned that there may be "considerably more to this situation than meets the eye", said they still need to determine whether the saboteur was working alone, with other Tesla employees, or with outside organizations.
  • Trump threatens 10% tariff on $200bn of Chinese goods

    Trump threatens 10% tariff on $200bn of Chinese goods

    Finance

    Tokyo Nikkei ended the morning session 0.8% down as Asian stock markets tumbled following fears of a trade war between the USA and China. The US wants China to stop practices that allegedly encourage transfer of intellectual property - design and product ideas - to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market.
  • Amazon sells Aussies a way to beat geo-block with Prime

    Finance

    Amazon's arrival in Australia has weighed on the shares of the country's listed brick-and-mortar retailers. Prime membership also opened the door to shopping using Amazon's voice-based artificial intelligence software Alexa, which Mr White said over time could be even more destructive to rival retailers because it contained the entire online shopping journey within Amazon's ecosystem.
  • Trump escalates China trade war with extra tariffs

    Trump escalates China trade war with extra tariffs

    Finance

    In contrast, the United States exported only about $130 billion worth of goods to China previous year, so Beijing has far less room to raise tariffs in a way that would immediately affect trade. "Neither side will be brought to its knees - which is one reason to think the trade dispute could drag on", research firm Capital Economics said in a note to clients on Friday.
  • Difficult Merkel allies mull next move in German migrant row

    Difficult Merkel allies mull next move in German migrant row

    Finance

    Germany's interior minister insisted that his party has no intention of bringing down Chancellor Angela Merkel and her government, amid uncertainty Sunday over chances of a solution to a bitter standoff over migration. It wasn't immediately clear what she might offer other countries in talks. "As I have said many times before, if you are seeking asylum for your family, there is no reason to break the law and illegally cross between ports of entry", she wrote.
  • Trump threatens to impose more trade tariffs on China

    Trump threatens to impose more trade tariffs on China

    Finance

    Gulf oil producers may benefit from China's threat to impose import tariffs on United States crude and other energy products, as key exporters meet to discuss production increases later this week. " China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology ", Mr.
  • Trump Targets $200 Billion In Chinese Imports As Spat Grows

    Trump Targets $200 Billion In Chinese Imports As Spat Grows

    Finance

    The Trump administration last week finalized plans to slap tariffs on $50 billion in imports from China , accusing Beijing of violating USA intellectual property rights and stealing American firms' technology. economic partners. Trump said that the new tariff would go into effect if the Chinese government did not lower recently announced tariffs on USA goods and failed to address the theft of USA intellectual property by Chinese companies.
  • Virgin Money agrees £1.7bn takeover by CYBG

    Finance

    Virgin Money's biggest shareholder is Richard Branson's Virgin Group with a holding of nearly 35 per cent. Clydesdale wants to use Sir Richard Branson's "entrepreneurial" brand to take on the UK's biggest banks. The firms said they recognise "that there will be a loss of jobs" as a result of the takeover, likely to number around 1,500. David Duffy, the former CEO of AIB, said the deal will create a lender with the capabilities needed to take on large incumbents.