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Finance

He also has threatened levies on an additional $200 billion of Chinese products in the next month, Beijing responded to Trump's first wave by matching duties on a similar amount of us imports and has threatened to retaliate against any further USA tariffs.
  • U.S. justification for sanctions 'far-fetched' - Russian Federation

    U.S. justification for sanctions 'far-fetched' - Russian Federation

    Finance

    USA and European allies have publicly blamed the Kremlin for attempting to kill the two in the British town of Salisbury using a Novichok nerve agent , a claim Russian President Vladimir Putin has denied . The US and European Union (including the UK) also enforced sanctions against Russia in 2014 as a result of the Russia-Ukraine conflict. Former Foreign Secretary Boris Johnson added that it is "overwhelmingly likely" that the attack was directed by Russian President Vladimir Putin.
  • New York City Council votes to limit number of Uber, Lyft vehicles

    New York City Council votes to limit number of Uber, Lyft vehicles

    Finance

    However, lawmakers hope the limitations will help reduce congestion and protect taxi drivers who have seen a steep decline in income. No new licenses will be issued for a full year as the city studies the issue further; legislation also allows the city to set a minimum pay rate for drivers, who, as legal contractors, are not subject to federal or state minimum wages.
  • China fires back at US with extra tariffs

    China fires back at US with extra tariffs

    Finance

    The USTR is reviewing 10% tariffs on a further $200 billion in Chinese imports, and is even considering raising the rate to 25%. Nearly 300 Chinese goods face USA import taxes of 25 per cent from August 23, including tractors, motorcycles and semiconductors.
  • China Tariffs on US Crude Not Game-Changing Event

    Finance

    The action is the latest by U.S. President Donald Trump to put pressure on China to negotiate trade concessions after imposing tariffs on $34 billion in goods last month. The world's two biggest economies are locked in a trade dispute. China has responded with retaliatory tariffs of its own. China, however, would run out of USA imports to levy, as it bought only $130 billion worth of American goods past year.
  • Tesla’s Board Has Met Several Times to Discuss Going-Private Proposal

    Tesla’s Board Has Met Several Times to Discuss Going-Private Proposal

    Finance

    But after the markets opened Wednesday morning, Tesla's stock edged downward about 1 percent, to $375. It rose slightly in early trading, moving to about $375 per share by 10:45 a.m. "The board has met several times over the last week and is taking the appropriate next steps to evaluate this". He set a target stock price of $420 a share and said he had investors lined up to purchase the company at that price.
  • Chinese Unipec suspends United States oil imports amid growing trade row

    Chinese Unipec suspends United States oil imports amid growing trade row

    Finance

    Brent crude oil futures were up by 33 cents from their previous close at $73.54 a barrel by 1401 GMT, while United States futures gained 57 cents to trade at $69.06 barrel. Meanwhile, U.S. crude production, which has climbed dramatically fuelled largely by increased output from shale formations, may now rise more slowly as prices drop, according to the U.S.
  • Snapchat lost three million users in Q2 2018

    Snapchat lost three million users in Q2 2018

    Finance

    Snap lost about 1 million users in each of its three geographic reporting regions: North America, Europe and rest of world. But the share prices gave up much of those gains soon after, as the news sunk in that the company's user base wasn't growing as expected, with Snapchat losing daily active users quarter-over-quarter for the first time in its history.
  • Elon Musk announces he's considering taking Tesla private

    Elon Musk announces he's considering taking Tesla private

    Finance

    Tesla's shares were up 6.5% at $363.46. The company had a market value of US$58 billion as of Monday's close. Trading of Tesla sharesresumed after the company published the statement and the stock closed at $379.57, up almost 11 percent for the day.
  • Buck a beer by Labour Day weekend, Doug Ford announces

    Buck a beer by Labour Day weekend, Doug Ford announces

    Finance

    In hopes of getting brewers on board with cheaper beer, Ford announced he is offering incentives to brewing companies. "We were elected on a promise to reduce red tape and put the people first", said Ford while making the announcement at Barley Days Brewery today.
  • Dead fetus reportedly found on plane at LaGuardia Airport

    Dead fetus reportedly found on plane at LaGuardia Airport

    Finance

    After the aircraft - an Airbus A321 - remained on the ground overnight, a cleaning crew came on board ahead of the plane's planned Tuesday departure. The fetus was believed to be five or six months along. LGA tweeted about a delay due to the incident. "We will release cause and manner of death upon determination", a spokesperson with the medical examiner's office said.
  • Elon Musk considering taking Tesla private

    Finance

    At $420 per share, a deal would represent a 22.8 percent premium to Tesla's closing price on Monday, making it one of the biggest go-private deals with a price tag of about $72 billion. " Funding secured ", Musk tweeted shortly before 1 p.m. on Tuesday. The tweet suggested Mr Musk was looking at a plan to buy outstanding shares in the firm for $420 each, around a fifth higher than the share's current price.
  • Trump is losing the trade war, according to his favourite measure

    Trump is losing the trade war, according to his favourite measure

    Finance

    Plants are opening all over the U.S., Steelworkers are working again, and big dollars are flowing into our Treasury. "Every country on Earth wants to take wealth out of the USA, always to our detriment". While Trump has taken credit for new steel jobs created with the help of tariffs, retaliatory measures by Beijing and others have rattled United States soybean farmers and the many companies reliant on increasingly expensive steel as a raw material.
  • Facebook asking U.S. banks for customers' financial info

    Facebook asking U.S. banks for customers' financial info

    Finance

    The social media titan has reportedly put forward a proposed feature that would allow users to see their own checking-account balances through the platform, as well as fraud alerts that could be delivered through Facebook as well. bank pulled away from talks due to privacy concerns". Facebook is now facing multiple investigations related to its ties to Cambridge Analytica , the political analytics company that accessed data on up to 87 million Facebook users without their consent.
  • NASCAR Chairman Brian France arrested for DUI, possession of controlled substance

    NASCAR Chairman Brian France arrested for DUI, possession of controlled substance

    Finance

    First, here's the public story, as told by the Sag Harbor Village Police Department statement obtained by ESPN . France, 55, was stopped in Sag Harbor after he failed to stop at a posted stop sign, police said in a news release Monday. The president's relationship with the company goes back some years, to a proposed Trump Motor Speedway in Bridgeport, Connecticut . France's grandfather Bill France Sr.
  • Indra Nooyi, PepsiCo's longtime CEO, is stepping down

    Indra Nooyi, PepsiCo's longtime CEO, is stepping down

    Finance

    President Ramon Laguarta was elected by the board of directors to succeed her. Laguarta was also elected to the board. Laguarta, a 22-year veteran of PepsiCo , oversaw global operations, corporate strategy, public policy and government affairs in his role as president.
  • China threatens new tariffs on $60bn worth of United States goods

    Finance

    The Ministry said it would impose tariffs ranging from five to 25 per cent on Dollars 60 million worth of American products. Also, Trump's tariffs so far have been levied on $85 billion worth of foreign goods, which might cover about.1 percent of the debt, notes The Washington Post .
  • RBS announces first dividend in a decade

    RBS announces first dividend in a decade

    Finance

    RBS announced in a statement this morning that it meant to declare an interim dividend of 2p per ordinary share, with the move subject to the timing of finalisation of the previously announced civil settlement in principle with the US Department of Justice over mis-sold mortgage-backed securities in the run-up to the financial crisis.
  • US Trade Deficit Widens Amid Drop In Exports, Increase In Imports

    US Trade Deficit Widens Amid Drop In Exports, Increase In Imports

    Finance

    After posting a record high in May, imports of aircraft and other transportation equipment and parts fell 17.1 per cent to $2 billion, returning to April levels, Statistics Canada said. Economists at Barclays see Friday's report as a harbinger of things to come, as the tax cuts boosting the USA economy will continue to grow imports while exports growth is likely to slow as firms deal with the impact of tariffs.
  • Whatsapp to start charging business users - are you affected?

    Whatsapp to start charging business users - are you affected?

    Finance

    The Facebook-owned company is now going to open up the WhatsApp Business API for more businesses. In 2016, WhatsApp announced that it would stop charging users subscription fees for using the service. However, the Wall Street Journal reported that companies would be allowed to store copies of the messages elsewhere in a decrypted state. The company said ads were not part of his plan at the time, at least not until the user base clocks 2-3 billion people; but it seems we are fast ...
  • Oil edges lower as supply concerns return

    Oil edges lower as supply concerns return

    Finance

    The unexpected build in the U.S. crude stockpiles, as published by the Energy Information Administration (EIA) on Wednesday, keeps the sentiment around the barrel of WTI undermined. "The spread structure is back in contango, which suggests the market is well supplied so there's a mismatch in timing with OPEC now raising output", Warren Patterson, commodities strategist at ING, said.
  • United Kingdom construction industry shows 'impressive turnaround'

    United Kingdom construction industry shows 'impressive turnaround'

    Finance

    However, input cost inflation steadied from the nine-month high seen in June. A monthly survey called the purchasing managers' index, which is considered one of the most reliable indicators of how services is performing, showed that activity in the sector fell to a balance of 53.5 in July, down from 55.1 in June and the lowest level since April.
  • IAG threat to sell Norwegian shares

    IAG threat to sell Norwegian shares

    Finance

    Non-fuel costs per available seat kilometre were down 5.1% at 4.95 cents. Although IAG stuck with its guidance for 2018 profit to rise, its shares were down 3.9 per cent to 657 pence at 08:21 GMT, the biggest faller on the FTSE 100 . "Simply put, expectations were higher". "I think that's a feature of the business that we have, and that's particularly so with Aer Lingus; the expansion of their network, very attractive network on the transatlantic and there's good underlying demand".
  • Ryanair Irish pilots to join widening strike on August 10

    Ryanair Irish pilots to join widening strike on August 10

    Finance

    The news comes as talks between the two parties made little progress. The pilots, who are striking today, confirmed they will refuse to work from 1am on August 10. Forsa should explain why, "when Ryanair has agreed nine of their 11 requirements, they call strikes rather than negotiate", the statement said. The recent strikes launched by Ryanair's pilots in Ireland first started on July 12 after they lost their patience with their employer over the talks on the improvement of their ...
  • US Economy Adds Fewer Jobs Than Expected In July

    US Economy Adds Fewer Jobs Than Expected In July

    Finance

    The government upwardly revised June jobs additions to 248,000 from the prior 213,000. Americans with fewer skills are also benefiting from hiring managers' desperation: The unemployment rate for those without a high-school degree fell to a record low in July.
  • Global Tablet sale is on decline except for Apple & Huawei

    Global Tablet sale is on decline except for Apple & Huawei

    Finance

    The Chinese giant, which recently overtook Apple as the world's second-largest smartphone vendor, saw shipments increase 7.7 percent, though it remains behind Samsung . "Increasing prices and maintaining market share in the face of a stronger USA dollar might be easy for a brand such as Huawei , but will be hard for Xiaomi, Oppo and Vivo ", the Canalys analyst added.
  • China's stock market falls to third place

    China's stock market falls to third place

    Finance

    The Shanghai Composite Index shed 2 percent, or 56.51 points, to finish at 2768.02, as heavily-weighted financials and small and mid-cap stocks posted strong losses. Some industrial and tech stocks have lost up to 20 per cent. "But there's still a chance that China's stock market will recover with total capitalisation ascending to the world's number-two place again", he said.
  • Foodora pulls out of Australia, to leave other markets

    Foodora pulls out of Australia, to leave other markets

    Finance

    Food delivery app, Foodora - the pink one - has confirmed they're wrapping up business in Australia at the end of the month because it wants to explore opportunities in other markets. And because it allegedly paid the workers contractor rates rather than employee rates, it had underpaid their minimum law wage rates and other payments.
  • Steve Jobs’ Daughter Opens Up About Their Complicated Relationship

    Steve Jobs’ Daughter Opens Up About Their Complicated Relationship

    Finance

    It was a tough start in life for the now 40-year-old, who endured a strained relationship with her father and his second family. She wrote a book adaptation for Vanity Fair where she discusses some of her experiences. Brennan-Jobs, 40, was born two years after Jobs created the Californian company with Steve Wozniak, remembers him as a hard man who "was not generous with money, or food, or words".
  • Jeep wants Mahindra Roxor BANNED in USA: Here’s why!

    Jeep wants Mahindra Roxor BANNED in USA: Here’s why!

    Finance

    According to Bloomberg , in a complaint lodged with the US International Trade Commission - not the US Patent Office - in Washington on August 1, FCA said the Mahindra Roxor infringed Jeep's signature design and provided photos to prove it.
  • California office pool wins $543 million lottery jackpot

    California office pool wins $543 million lottery jackpot

    Finance

    The group - ages 21 to 60 - all pitched in $2 per person to enter the pool. The winners of a $522 million Mega Millions jackpot have stepped forward. Ernie's Liquor in San Jose, where Reyes bought the winning ticket, gets $1 million for its role in the jackpot. A group of 11 co-workers from an undisclosed Santa Clara County in the financial sector won the $543 million prize.
  • McDonald's Faecal Matter Issue: Salad Outbreak Causes 395 Cases Of Illness

    McDonald's Faecal Matter Issue: Salad Outbreak Causes 395 Cases Of Illness

    Finance

    According to that report , there have been 395 lab-confirmed illnesses from an outbreak of the cyclospora parasite, which causes intestinal illness. When the number of sick McDonald's-goers began to rise, the fast food chain pulled salads from 3,000 restaurants across 14 states. The statement said, "Fresh Express follows rigid food safety requirements and preventive controls throughout our supply chain that are carefully created to mitigate against potential health risks".
  • Tesla Posting Strong Gain On Upbeat Q2 Revenues, Profit Forecast

    Tesla Posting Strong Gain On Upbeat Q2 Revenues, Profit Forecast

    Finance

    The stock has "Buy" rating by Dougherty on Thursday, February 8. Tesla, Inc . (NASDAQ: TSLA ) is on recovery track with 42.91% gain from a 1-year low price of $244.59. Arrow Financial Corp increased Fortive Corp stake by 6,814 shares to 7,484 valued at $580,000 in 2018Q1. Schroder Inv Mngmt holds 0% in Tesla, Inc .
  • Swoop announces flights to USA from Hamilton airport

    Swoop announces flights to USA from Hamilton airport

    Finance

    Just in time for winter visitors, Swoop will fly between Phoenix-Mesa Gateway Airport and the capital of Alberta twice a week starting October 27. Swoop president Steven Greenway said in a statement that the move was spurred by the airline's "immediate success in Canada".
  • Iranian protesters attack Islamic school as sanctions loom

    Iranian protesters attack Islamic school as sanctions loom

    Finance

    The officials who spoke to Reuters said the campaign, consisting of speeches and online material paints Iranian leaders in a harsh light, at times using information that is exaggerated or contradicts other official pronouncements, including comments by previous administrations.
  • House of Fraser rescue deal collapses as Hamley’s owners walk away

    House of Fraser rescue deal collapses as Hamley’s owners walk away

    Finance

    The company is looking for fresh investment after its rescuer pulled out of a deal to refinance the department stores group. Indeed, David Jinks, head of consumer research at ParcelHero , believes the crisis House of Fraser now finds itself in clearly reflects the inability of older institutions to move as fast as modern e-commerce sites.
  • U.S. considers hiking China tariffs to 25 percent

    U.S. considers hiking China tariffs to 25 percent

    Finance

    China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, ranging from 5 to 25 per cent. "They better not underestimate the President", Mr Kudlow said in an interview on Fox Business Network.