Economy

Donald Trump seeks to block China Mobile’s United States entry, citing security concerns

American lawmakers had previously identified ZTE Corp and Huawei Technologies, two of the world's biggest telecoms equipment manufacturers, as companies that posed risks to national security because...

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China warns its citizens: Travel to USA carries high-cost risks

China's threatened tariffs on $34 billion of US goods will take effect from the beginning of the day on July 6, a person with knowledge of the plan told Reuters, amid worsening trade tensions between ...

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Retaliatory tariffs now in effect

Retaliatory tariffs now in effect

Baruah expressed concern over the Trump administration's threat to impose further tariffs , this time on the auto industry, He noted that 25 to 35 per cent of a vehicle assembled in the U.S.is comp...

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Saudis to pump 2mn more barrels of oil

Saudis to pump 2mn more barrels of oil

Overall, however, analysts said OPEC's production policy as well as unplanned supply disruptions were now the main price drivers. United States production has soared 30 per cent in the past two ye...

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The World Was Not Ready For Donald Trump’s Enormous FART… Act

The World Was Not Ready For Donald Trump’s Enormous FART… Act

FART Act, stinks", writes Anthony Scaramucci . President Donald Trump speaks to the press aboard Air Force One in flight as he travels from Joint Base Andrews in Maryland, to Bedminster, New Je...

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Trump congratulates new leftist Mexico leader

Trump congratulates new leftist Mexico leader

An official quick-count revealed that Lopez Obrador took the lead with 53-53.8% of votes, according to the electoral authority. They're scheduled to end at 6 p.m.in each of Mexico's three summer tim...

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#BoycottWalmart Is Trending on Twitter After 'Impeach 45' T-Shirts Anger Customers

#BoycottWalmart Is Trending on Twitter After 'Impeach 45' T-Shirts Anger Customers

The shirts that come in several shades, plus similar baby onesies and even frisbees, spurred a grassroots call to boycott the world's biggest retailer. It's not the first time Walmart has caused a sti...

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After Harley spat, Trump seeks to lure other motorcycle firms to US

After Harley spat, Trump seeks to lure other motorcycle firms to US

In a tweet, the president continued his assault on Harley Davidson , which began when the company said it would move some manufacturing overseas in response to Trump's tariffs. President Trump went o...

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Lyft is taking on Uber not with cars, but with bicycles

Lyft is taking on Uber not with cars, but with bicycles

Motivate will still operate a standalone business maintaining bikes and managing operations under its current name. As both Lyft and Uber applied for electric scooter permits in San Francisco last ...

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Amlo win to usher in new era in Mexico

Amlo win to usher in new era in Mexico

Lopez Obrador also spoke of support for migrants and said the most forgotten and humble people of Mexico will be given preference in his government. He said contracts obtained under energy reforms p...

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Facebook had data sharing deals with 52 companies

Facebook had data sharing deals with 52 companies

The company delivered a 747 page document to Congress on Friday in response to the hundreds of questions left unanswered by CEO Mark Zuckerberg during his hearing before members of Congress in April. ...

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Auto tariffs could lead to $300B retaliation — European Union warns Trump

Auto tariffs could lead to $300B retaliation — European Union warns Trump

Trump's government is threatening to raise tariffs for EU-made cars to 20% to "rebalance" the EU's 10% tariff on cars imported into its region. The Shanghai Composite index sank 1.3 percent to 2,740.2...

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Trump issues WTO warning in meeting with Dutch leader

I guess Rutte won't be getting a return invitation to the White House anytime soon. Dutch Prime Minister Mark Rutte interrupted Donald Trump on Monday, saying "No" when the U.S. The EU has been ...

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BREXIT ALLIANCE: Tesco and Carrefour team up for French-English shopping partnership

BREXIT ALLIANCE: Tesco and Carrefour team up for French-English shopping partnership

The deal will initially run for three years. In a joint statement, the companies said they were hoping to improve the quality and choice of products available to their customers "at even lower price...

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Amazon's

Amazon's "Try Before You Buy" Prime Service Launches in the US

Customer must order at least three items to have a Prime Wardrobe order shipped and can try up to eight items per order, for which there is no minimum dollar amount required. Amazon Prime Wardrobe ...

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Mexico gives leftist Lopez Obrador big presidential win

Mexico gives leftist Lopez Obrador big presidential win

The candidate said to be in third place, Jose Antonio Meade of the ruling Institutional Revolutionary Party , acknowledged a Lopez Obrador victory in a televised speech. In the northwestern border ...

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Leftist Lopez Obrador claims landslide victory in Mexico presidential race

Leftist Lopez Obrador claims landslide victory in Mexico presidential race

Stocks also slipped, along with the country's dollar-denominated notes. Younger Mexicans, many of whom have grown up surrounded by rampant corruption and drug violence, were expected to have played ...

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Crude Oil Up 21% Year-to-date, $90 In View

Crude Oil Up 21% Year-to-date, $90 In View

U.S. President Donald Trump has faulted the rising global oil prices, calling on Saudi Arabia to jerk up production to crash the high prices. Last week, the Organization of the Petroleum Exportin...

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EU warns U.S. of boomerang effect if Trump imposes car levies

EU warns U.S. of boomerang effect if Trump imposes car levies

Look what they do to our farmers. "We have been in trade deficits with almost every country across the globe for years, and the president wants to ensure that that doesn't continue", Sanders said ....

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U.S. wants to reduce Iran's oil revenue to zero

U.S. wants to reduce Iran's oil revenue to zero

Trump, who is spending the weekend at his golf property in New Jersey, said in a tweet on Saturday that Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia had agreed...

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Nike to remove giant LeBron James banner in downtown Cleveland, again

Nike to remove giant LeBron James banner in downtown Cleveland, again

In lieu of James' decision to join the Lakers, several Cleveland newspapers, including the Cleveland Plain Dealer, chose to pay their respects with a front page feature. The Spurs have been pursuing a...

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Dell is going public again after five years as a private business

Dell is going public again after five years as a private business

Dell said it will list its Class C shares on the New York Stock Exchange following the completion of the deal that will eliminate its tracking stock. The transaction represents a premium of 28.9 per...

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LeBron James to wear No. 23 with Los Angeles Lakers

LeBron James to wear No. 23 with Los Angeles Lakers

Gilbert penned a touching letter thanking James for leading the team to a championship and four straight NBA Finals appearances. LeBron James's net worth is believed to be about $400 million (£2...

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Amazon unveils Delivery Service Partners program across the U.S.

Amazon unveils Delivery Service Partners program across the U.S.

But there's an interesting twist: Despite workers in Amazon shirts delivering packages from Amazon vans, the service isn't actually run by Amazon. Successful owners can earn as much as $300,000 in a...

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Trump has reportedly been clamoring for a U.S. withdrawal from the WTO

Trump has reportedly been clamoring for a U.S. withdrawal from the WTO

After the report , Treasury Secretary Steven Mnuchin told Fox Business , "There's no breaking news here", and added, "but this is an exaggeration". He reportedly said the WTO is designed by the ...

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Automakers, manufacturers oppose Trump call for auto tariffs

Automakers, manufacturers oppose Trump call for auto tariffs

Friday, June 29, 2018 is the deadline for public comments on Trump's call for a Commerce investigation into whether auto imports pose enough of a threat to US national security to justify tariffs. The...

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Trump blasts OPEC over manipulating oil markets

Iran had been pushing hard for oil producers to hold output steady as US sanctions are expected to hit its exports. The US "down to zero" plan rests heavily on banning India and China from buying fr...

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European Union gives stark warning to United States over auto tariffs

European Union gives stark warning to United States over auto tariffs

The European Union has reportedly threatened to retaliate against US President Donald Trump in the escalating trade conflict developing across the Atlantic. The submission said that tariffs on cars ...

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Tesla almost triples Model 3 production from the previous quarter

Tesla almost triples Model 3 production from the previous quarter

The boost in productivity has been attributed to GA4, the new Tesla production line which is located in a tent . Just last week, Tesla invited all Model 3 reservation holders in the United States...

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Cruise worker goes overboard, rescued 22 hours later

Cruise worker goes overboard, rescued 22 hours later

Christine Duffy, president of Carnival Cruise Line, released a statement that reads in part, "This is nothing short of miraculous". 'Kudos to the Carnival Glory team for this wonderful effort to...

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Iran eyes private oil exports to help beat U.S. sanctions

Despite the apparent supply relief from Saudi Arabia , oil markets remain tense over escalating trade disputes between the United States and other major economies including China and the European U...

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S Arabia unable to raise oil output by 2mn: Iranian OPEC governor

S Arabia unable to raise oil output by 2mn: Iranian OPEC governor

Oil prices have edged higher as the Trump administration pushes US allies to end oil purchases from Iran . At the same time, factional fighting in Libya is causing a large outage, while the oil out...

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Thyssenkrupp, Tata Steel merging Europe steel ops

Thyssenkrupp, Tata Steel merging Europe steel ops

The Tata Steel-Thyssenkrup deal comes in the backdrop of heavy tariffs of 25 per cent imposed by the Trump administration on steel imports from both European Union and India. This is the largest deal ...

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Swiss deposits rise on remittances scheme: Piyush Goyal

Swiss deposits rise on remittances scheme: Piyush Goyal

The following year, these funds fell by 10 per cent to CHF 1.8 billion, followed by further drops of around 33 per cent and 45 per cent in 2015 and 2016, respectively. Since taking charge in 2014, the...

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China tries to defuse trade pressure, says world benefits

China tries to defuse trade pressure, says world benefits

Germany's DAX was down 1.2 percent to 12,206 and France's CAC 40 shed 0.6 percent to 5,293. The jump in oil boosted the Wall Street energy sector 1.4 per cent, making it the biggest gainer on ...

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