Economy

Trump Praises Mexico, Blasts Canada on Twitter

Trump Praises Mexico, Blasts Canada on Twitter

President Trump on Friday threatened tariffs on Canadian-made cars if USA officials can't strike a deal with the country on overhauling the North American Free Trade Agreement. "Will tax cars if we ca...

by · Economy
Turkish Economic Crisis Deepens As Currency Hits All-Time Low

Turkish Economic Crisis Deepens As Currency Hits All-Time Low

Turkey's currency fell Friday after its economy was rattled by the United States' move to slap the country with more tariffs . The lira hit a record low of 6.24 per dollar on Friday, before re...

by · Economy
Geely Reportedly Considering $1.9 Billion Lotus Makeover

Geely Reportedly Considering $1.9 Billion Lotus Makeover

The Chinese automaker, which also controls Volvo Cars, plans to add production facilities and research centers for Lotus in the United Kingdom, one of the people said, asking not to be identified be...

by · Economy
IKEA Greets India At Hyderabad Store,

IKEA Greets India At Hyderabad Store, "Excited To Meet You": 10 Facts

Their DIY or Do It Yourself furniture and kitchen appliances are a big bit, all over the world. The new IKEA store in Hyderabad . "We bring an inspiring, affordable and convenient home furnishi...

by · Economy
Tesla shares fall 5% on Wall St. skepticism, SEC probe reports

Tesla shares fall 5% on Wall St. skepticism, SEC probe reports

He looked no further than his rocket company - Space Exploration Technologies Corp. - for a way to keep Tesla shareholders onboard. In an internal letter to Tesla employees, Musk confirmed he ...

by · Economy
Monsanto is found guilty in Roundup trial

Monsanto is found guilty in Roundup trial

Company spokesman Scott Partridge said Friday that Monsanto sympathizes with Johnson and his family. The lawsuit is the first to accuse the product of causing cancer but is a harbinger of a looming ...

by · Economy
Stolen Plane Crashes Off Seattle After Airline Employee’s ‘Unauthorized Takeoff’

Stolen Plane Crashes Off Seattle After Airline Employee’s ‘Unauthorized Takeoff’

Seattle time. Unconfirmed reports suggest a mechanic piloted the plane and conducted a series of stunts until he lost control of the aircraft. A Horizon Air airplane was stolen from SeaTac Airpor...

by · Economy
Market cap sinks to new 2018 low as Bitcoin drops to $6500

Market cap sinks to new 2018 low as Bitcoin drops to $6500

Bitcoin Cash broke through to $600 levels, with an intraday high $620, Bitcoin Cash managing to hold on to $600 levels through the afternoon, while falling short of the first major resistance leve...

by · Economy
Turkish lira hits record low amid financial panic, rising U.S. tensions

Turkish lira hits record low amid financial panic, rising U.S. tensions

U.S. President Donald Trump said he's authorized doubling some metals tariffs on Turkey, citing poor relations with the North Atlantic Treaty Organisation ally amid an escalating conflict over its...

by · Economy
Erdogan says attempts to exert economic pressure on Turkey futile

Erdogan says attempts to exert economic pressure on Turkey futile

The currency has fallen more than 40 per cent this year, fanning worries about a full-blown economic crisis. The Dow Jones Industrial Average index slid 245 points, or nearly two percent, duri...

by · Economy

New US tariffs against WTO rules: Turkish ministry

He said he had authorized higher tariffs on imports from the United States' NATO ally, imposing duties of 20 percent on aluminum and 50 percent on steel . Below is a daily chart of the USA dollar...

by · Economy
Trump doubles steel and aluminum tariffs on Turkey to 20 and 50%

Trump doubles steel and aluminum tariffs on Turkey to 20 and 50%

Trump wrote. "Aluminum will now be 20% and Steel 50%". Trump says via tweet that the tariff on aluminium imports will be increased to 20 percent and the tariff on steel imports will be raised to...

by · Economy
McDonald's offering chance to win McGold Card, free food for life

McDonald's offering chance to win McGold Card, free food for life

McDonald's is shedding the shroud of mystery surrounding the long-rumored and mysterious McGold Card, confirming that the thing of legends and dreams does in fact exist. "Mobile Order & Pay is just o...

by · Economy
Hargreaves Lansdown annual profits rise as inflows hit record | 7 August 2018

Hargreaves Lansdown annual profits rise as inflows hit record | 7 August 2018

The company, which this morning revealed an impressive set of full-year results, took in 137,000 new clients in the 12 months to 30 June - 16% more than last year, with many of them transferring from ...

by · Economy
Turkey on the Economic Brink, Explained in a Dozen Charts

Turkey on the Economic Brink, Explained in a Dozen Charts

The Turkish lira fell against the United States dollar due to mounting tensions between Turkey and the U.S. in the wake of Ankara's refusal to release American pastor Andrew Brunson who is suspected o...

by · Economy
Australia's central bank celebrates second anniversary of policy inactivity

Australia's central bank celebrates second anniversary of policy inactivity

The kiwi dollar drifted lower overnight and "we doubt it will have enough momentum to break through those levels today (unless the RBA dramatically surprise), with markets waiting for direction from...

by · Economy
Russian Federation vows to retaliate against 'illegal' new USA sanctions

Russian Federation vows to retaliate against 'illegal' new USA sanctions

President Trump's hopes for a thaw in relations between Moscow and Washington appeared to have been dashed last night as Russian Federation signalled it was ready for a full-blown economic war ove...

by · Economy
Ryanair braces for biggest ever one-day strike

Ryanair braces for biggest ever one-day strike

The airline has been grappling with staff unrest since it recognised trade unions for the first time in December 2017, in a bid to ward off widespread strikes over the Christmas period. The 396 flight...

by · Economy
Riyadh expels Canadian envoy for interference, recalls its own

Riyadh expels Canadian envoy for interference, recalls its own

But Saudi Arabian Foreign Minister Adel al-Jubeir tweeted that Canada's position was based on "misleading information", adding that anyone arrested was "subject to Saudi laws that guarantee their ri...

by · Economy
Dubai tourist who accrued Dh170,000 fines still has the supercar

Dubai tourist who accrued Dh170,000 fines still has the supercar

The 25-year old British tourist rented the Dhs1.3 million supercar on Tuesday July 30 from Rent A vehicle. Most of the fines-33 in total-were issued after he triggered every speed camera along Dubai's...

by · Economy
Mazda, Suzuki and Yamaha admit conducting improper emissions tests

Mazda, Suzuki and Yamaha admit conducting improper emissions tests

The findings were the result of internal investigations ordered at the automakers by the ministry after improper testing was found at Subaru Corp. and Nissan Motor Co. At Mazda, of 1,875 cars subj...

by · Economy
Uber drivers in Australia go 2-hour strike

Uber drivers in Australia go 2-hour strike

If the legislation passes, Mayor Bill de Blasio has 30 days to either sign it into law or veto it. The regulations could set a precedent for other cities seeking to rein in Uber . This Wednesday is a...

by · Economy
More Hands-On Video With Purported 2018 iPhone Dummy Models

More Hands-On Video With Purported 2018 iPhone Dummy Models

Over the past few months, the company has started building the iPhone SE and iPhone 6s locally in India. But now, a report claims that Apple the 2018 iPhone series will actually be the iPhone XS ...

by · Economy
New York City Council Votes to Cap Uber and Lyft

New York City Council Votes to Cap Uber and Lyft

The legislation was supported by New York Mayor Bill de Blasio, who said it would help "stop the influx of cars" causing congestion in the city. According to the New York City Taxi and Limousine C...

by · Economy
As US slaps on fresh tariffs, China fires back

As US slaps on fresh tariffs, China fires back

China's latest tariffs will be implemented on August 23, in tandem with the U.S. Additionally, an executive from China's Dongming Petrochemical Group said at the time that he expected Beijing to s...

by · Economy
Google in talks with Tencent, others for cloud services in China

Google in talks with Tencent, others for cloud services in China

Tencent and Inspur are major Cloud service provider in China which can provide solid base to Google as it prepares to launch its Cloud services in the country. China is the second-largest cloud marke...

by · Economy
Wall Street sees funding hurdle to Musk's plan to take Tesla private

Wall Street sees funding hurdle to Musk's plan to take Tesla private

Tesla's shares were down less than one per cent at $376.31 U.S. in morning trading on Wednesday after closing up 11 per cent at $379.57 United States on Tuesday. Musk later tweeted that existing stock...

by · Economy
Support for UK PM Mays handling of Brexit falls to record low

Support for UK PM Mays handling of Brexit falls to record low

A Ministry of Defence source said 60 percent of new army vehicles would be made in the United Kingdom creating 1,000 jobs. After reporting a 5 percent rise in first-half profit before tax, the lende...

by · Economy
Papa John's sales don't deliver following founder controversy

Papa John's sales don't deliver following founder controversy

Shares declined by as much as 12 percent in after-hours trading Tuesday. The latest controversy that resulted in Schnatter's departure as chairman came after revelations that Schnatter had used a ra...

by · Economy
6 arrested in

6 arrested in "drone attack" against Venezuelan president

Maduro had accused Opposition leaders Juan Requesens and Julio Borges of being involved in the attack. They have blamed a plot involving Julio Borges, Colombia and other opposition lawmakers, fina...

by · Economy
FCC: That DDoS Attack We Suffered Actually Wasn't Real

FCC: That DDoS Attack We Suffered Actually Wasn't Real

Although Bray said the FCC's electronic comment system remained functional throughout the incident, his statement also blamed unidentified outside actors for clogging the system and making it harder ...

by · Economy
Snapchat loses three million users in three months

Snapchat loses three million users in three months

Snap Inc. on Tuesday reported a better than expected loss of $353.3 million in its second quarter, sending the stock up as high as 6 percent in after-hours trading. Rival image and video app Instagram...

by · Economy
Walmart cashier steps in to paint disabled woman's nails after salon refuses

Walmart cashier steps in to paint disabled woman's nails after salon refuses

Ebony Harris skipped her break during a recent shift at a Walmart in Burton, Michigan, to help Angela Peters. Sitting next to her new friend at her store inside Collette's Vintage and Antique Mall, ...

by · Economy
No deal most likely Brexit outcome for UK ZlotoNews — Liam Fox

No deal most likely Brexit outcome for UK ZlotoNews — Liam Fox

The UK Parliament does not want no deal but it's certainly not going to be pushed around by the European Parliament. "The fact is that we are ramping up our no deal preparations, as was planned, bec...

by · Economy
Years After Going Public, Elon Musk Wants To Take Tesla Private

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

But it was not clear how seriously to take the post , given Mr Musk's history on the social media service. Nasdaq stock exchange halted trading in Tesla shares around 2.08pm local time. Once the ...

by · Economy