Finance

Canadian smuggling claims by Trump exaggerated

The Trump administration has already imposed punishing tariffs on imports of steel and aluminum from Canada, Mexico and the European Union, using national security as a justification. The governme...

by · Finance

Rupert Murdoch must increase Sky News budget to £100m

Fox, which now owns 39pc of Sky , would continue to pay the costs of the rolling news channel for 15 years, even if it also sells the rest of the company to Disney as part of a massive asset sale. ...

by · Finance
No plans to axe McDonald's straws here despite UK move

No plans to axe McDonald's straws here despite UK move

McDonald's will start testing plastic straw alternatives at select U.S. locations this year. The first paper straw factory in the "last several decades" in Britain is planning to launch in W...

by · Finance
Trump Told Apple CEO iPhones Will Be Spared From China Tariffs

Trump Told Apple CEO iPhones Will Be Spared From China Tariffs

Two decades ago, China's economy was largely fuelled by exports, but it has made progress in rebalancing towards domestic investment and consumption since the global financial crisis erupted last de...

by · Finance
Controversial sign at Dunkin' Donuts shop causes Twitter uproar

Controversial sign at Dunkin' Donuts shop causes Twitter uproar

And regular customers told WBAL that they were appalled by the sign as well. Dunkin' Donuts has since released a statement regarding the controversy and revealed the sign has been removed from the...

by · Finance
Elon Musk says Tesla factory was sabotaged by disgruntled employee

Elon Musk says Tesla factory was sabotaged by disgruntled employee

The culprit, whose identity remains unknown, allegedly admitted to making "direct code changes to the Tesla Manufacturing Operating System under false usernames", Musk, the company founder, wrote in...

by · Finance
Trump threatens additional tariffs on $200 billion of Chinese goods

Trump threatens additional tariffs on $200 billion of Chinese goods

The 25 percent tariff will be applied to $ 50 billion of goods from China that "contain industrially significant technologies", he said . Washington and Beijing appeared increasingly headed towa...

by · Finance

Amazon sells Aussies a way to beat geo-block with Prime

This comes after Amazon announced it will stop shipping orders from its United States site to Australian addresses in order to avoid having to comply with the new GST laws. . "We are really proud to...

by · Finance
Trump taps Kathy Kraninger to take over consumer protection bureau

Trump taps Kathy Kraninger to take over consumer protection bureau

Kraninger, who oversees the preparation of the budgets for several Cabinet departments, was selected over the objection of some officials inside the White House, who argued that her relative inexperie...

by · Finance

Trump threatens additional $200bn in tariffs on China

The US "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed global society", China's commerce mi...

by · Finance
Chanda Kochhar to go on leave till probe gets over

Chanda Kochhar to go on leave till probe gets over

In his new role, he will be responsible for handling all the businesses and corporate centre functions at ICICI Bank. With its Managing Director and CEO Chanda Kochhar battling allegations of corpor...

by · Finance
President Trump Highlights Detrimental Impact of Migrant Crisis on Europe

President Trump Highlights Detrimental Impact of Migrant Crisis on Europe

But the crisis shaking the new administration has come from within Merkel's own conservative family, as her interior minister has pushed for Germany to turn back unilaterally some migrants at its bord...

by · Finance
Trump doubles down on trade war with China by announcing new tariffs

Trump doubles down on trade war with China by announcing new tariffs

Initially, 545 U.S. products valued at $34 billion will be targeted by China, mimicking the Trump administration's tariff rollout. The president announced on Friday that the US would impose 25 per...

by · Finance
Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

In various statements in public and recently to Tesla employees, Musk has said that he routinely lives around the clock at the manufacturing plant while the company tries to increase production of the...

by · Finance

CYBG, Virgin Money join forces to take on Britain's biggest banks

Britain's Clydesdale Yorkshire Banking Group today said it had bought Richard Branson's Virgin Money for 1.7 billion pounds, as it seeks to challenge the dominance of top lenders. CYBG shares were tra...

by · Finance
Google invests $550m in Chinese e-commerce giant JD.com

Google invests $550m in Chinese e-commerce giant JD.com

Google isn't planning on doing anything new in China as a result of the deal. Google is also thought to benefit from JD.com's initiatives into voice-powered shopping. "The announcement isn't focused o...

by · Finance
Audi CEO Rupert Stadler detained in diesel emissions case, reports say

Audi CEO Rupert Stadler detained in diesel emissions case, reports say

Prosecutors from Munich carried out searches in the homes of current and former Audi employees on Wednesday as part of an investigation into diesel emission control software cheating by the. The age...

by · Finance
Audi CEO Rupert Stadler arrested over emissions scandal

Audi CEO Rupert Stadler arrested over emissions scandal

Just last week, Volkswagen agreed to pay a 1 billion-euro fine imposed by German prosecutors for cheating to get around diesel-emissions regulations. Volkswagen admitted that almost 600,000 cars sol...

by · Finance
McDonald’s to scrap plastic straws in UK and Ireland

McDonald’s to scrap plastic straws in UK and Ireland

In addition to the US testing, McDonald's will implement paper straws in all 1,361 of its restaurants in the United Kingdom and Ireland, with the rollout scheduled to begin in September and conclude...

by · Finance
Ether explodes higher after SEC news

Ether explodes higher after SEC news

Can they similarly evolve from being a security issue at the time of their ICO to a utility token necessary to conduct transactions within an app or network? What I believe may be most exciting abou...

by · Finance
Zenith and Saatchi & Saatchi Melbourne Win Global Ride-Sharing Company DiDi

Zenith and Saatchi & Saatchi Melbourne Win Global Ride-Sharing Company DiDi

According to a Didi Chuxing spokesperson: 'What I can say is that Melbourne drivers are continuing to respond exceptionally well to the product we are offering.in fact, almost 100 drivers attended a...

by · Finance
European Central Bank says euro 'irreversible'

European Central Bank says euro 'irreversible'

That provided extra support for the notes, which have been boosted by more euro-friendly rhetoric from officials in Italy's newly formed government. While a few items remain on the USA central bank´...

by · Finance
Trump planning 25% tariffs on up to $50 billion of Chinese goods

Trump planning 25% tariffs on up to $50 billion of Chinese goods

China responded vigorously in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on $50 billion (37.7 billion pounds) of Chinese imports...

by · Finance
U.S. Oil Prices Rise as Stockpiles Fall

U.S. Oil Prices Rise as Stockpiles Fall

This implies that US crude output, which is already at a record-high of 10.8 million barrels per day (bpd), will also rise further, according to energy services firm Baker Hughes. Trump pushes the c...

by · Finance

SA's unemployment rate heads down in May

According to numbers released Wednesday by the Employment Security Department, the unemployment rate for May dropped to 4.7 percent from April's 4.8 percent. Monthly hours worked in all jobs decreased...

by · Finance
Trump announces United States tariffs on $50 billion in Chinese imports

Trump announces United States tariffs on $50 billion in Chinese imports

It said the tariffs would be applied in two stges: an initial slimmed-down list of 818 product lines worth $34 billion, followed by a second list of products that have largely benefited from i...

by · Finance
One of two Kansas City sheriff's deputies shot during inmate transport dies

One of two Kansas City sheriff's deputies shot during inmate transport dies

The men's names haven't been released. The suspect was also injured in the shooting. This is the fourth incident in which Wyandotte County law enforcement personnel have been shot in the last thre...

by · Finance
Theranos founder, former president indicted on wire fraud charges

Theranos founder, former president indicted on wire fraud charges

The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud p...

by · Finance
Trump hails big tariffs on China

Trump hails big tariffs on China

And we're going to protect those secrets. American businesses, however, are anxious that rising trade tensions will hurt US economic growth. -China trade war jolted financial markets Friday. "He add...

by · Finance

McDonald's to test plastic-straw alternatives in USA later this year

The Sum of Us petition calling for the change had warned that many plastic straws ended up polluting the ocean, harming seabirds and marine life. McDonald's Corp. The European Union proposed a ban...

by · Finance
Honey Smacks cereal recalled over concerns of salmonella

Honey Smacks cereal recalled over concerns of salmonella

Twenty-four people have been hospitalized and no deaths have been reported, the CDC said. The recall pertains to 15.3- and 23-ounce packages of Honey Smacks . The recalled 23-ounce packages have a...

by · Finance
Average worker can't afford 2-bedroom apartment anywhere in U.S., report says

Average worker can't afford 2-bedroom apartment anywhere in U.S., report says

The National Low Income Housing Coalition released its 2018 " Out of Reach " report; it shows that the average Utah renter is paying 41% of their gross income on housing. Honolulu residents need to...

by · Finance
China promises fast response if USA hurts its interests

China promises fast response if USA hurts its interests

News of the tariffs was initially reported by Bloomberg . "It is also about values, governance and geopolitical disagreements", she said. The Made in China 2025 initiative is aimed at accelerat...

by · Finance
Russian Federation crush sorry Saudi Arabia 5-0 in World Cup opener

Russian Federation crush sorry Saudi Arabia 5-0 in World Cup opener

Putin was the surprise guest of honour at FIFA's annual gathering on the eve of the World Cup, and was welcomed on stage by Gianni Infantino, the governing body's president. Perhaps the hosts aren't...

by · Finance
Wins O'Hare Airport train contract

Wins O'Hare Airport train contract

The company estimates the travel time between downtown and the airport to be approximately 12 minutes. The big news was followed by a big question: Can another company founded by Elon Musk do some...

by · Finance
Tesla Autopilot update to include first 'full self-driving features'

Tesla Autopilot update to include first 'full self-driving features'

Musk says that the SpaceX package could contain as many as 10 thrusters "arranged seamlessly around the vehicle". What's more , Tesla claims that the auto will have a range of 620 miles. He end...

by · Finance
Bitcoin Price was Manipulated by Tether, Researchers Claim

Bitcoin Price was Manipulated by Tether, Researchers Claim

The research, which was published by the Professor-Graduate pair of John Griffin and Amin Shams , looked at the stream of cryptocurrencies going in and out of Bitfinex , a cryptocurrency exchange ...

by · Finance
Budget 6.1-inch iPhone in the works

Budget 6.1-inch iPhone in the works

This is now in debate across the media, with many stating that the third slot is simply for the flash, however this contrasts previous schematics where the flash is distinctly smaller than the lenses ...

by · Finance
Federal Reserve lifts interest rates, Wall Street slips on faster rate hikes

Federal Reserve lifts interest rates, Wall Street slips on faster rate hikes

The Fed now sees gross domestic product growing 2.8% this year , slightly higher than previously forecast , and dipping to 2.4% next year , unchanged from policymakers' March projections. Finally, ...

by · Finance
Patent suggests AI learning could be used to identify drunk Uber passengers

Patent suggests AI learning could be used to identify drunk Uber passengers

CNN uncovered the patent, called "Predicting user state using machine learning". The patent also suggests that the service Uber provides to the user could change, as a result. For example; if a u...

by · Finance