Business

China says it will retaliate against new USA tariffs

We have been ripped off by China . As expected , China has promised to retaliate against Donald Trump's newest round of tariffs , though it hasn't yet rev...


Wall Street falls as Trump greenlights China tariffs

Roughly three-in-four firms surveyed said duties on an additional $200-billion worth of Chinese goods would hurt business further, and close to 70 per cent said...


Trump team, Canada resume talks to revamp NAFTA

However, she said the NAFTA reference gives the Bank of Canada options to possibly stay on hold next month, particularly if trade talks - and the outlooks f...


Oil price rises as Anadarko evacuates Gulf of Mexico rigs

But prices could also be hit by lower demand from China due to a trade war with the U.S. "Everybody has got a job, everybody is driving to that job, and the...


Chinese billionaire arrested in U.S. for alleged sexual misconduct

A spokeswoman for the University of Minnesota said Liu, who is enrolled as a student with the Carlson School of Management's doctor of business administration C...


Trump threatens Congress - Stay out of my plans for NAFTA

After intense negotiations last week, US and Canadian trade teams failed to strike a deal before Mr. Trump's Friday deadline. The Toronto Star quoted Tr...


Trump cancels planned January pay increase for civilian federal workers

The federal deficit has exploded under Trump, with the advent of the GOP tax law that is projected to cost $1.9 trillion over the course of a decade, as well as...


Donald Trump announces new trade deal with Mexico

He previously called it a "terrible deal". It does add pressure on Canada to reenter the talks if the 1994 agreement is to be overhauled. "They underestimated P...


Trump claims tariffs on foreign nations will rescue U.S. steel industry

The decision was triggered by the U.S. International Trade Commission delivering three separate sets of recommendations to Trump created to curb imports of sola...


Qatar’s emir travels to crisis-hit Turkey in show of support

Tariffs have been imposed on 22 types of produce and goods imported from the United States, amounting to $533 million U.S. of extra duties, according to a repo...


Tesla forms committee to assess proposal to go private

Last night, Musk revealed that Saudi Arabia's Public Investment fund had been pitching him on going private since early 2017. In essence, what was initial...


Turkish lira crisis may put the naira at risk — ALERT

Doubling the tariffs to 20 percent for aluminum and 50 percent for steel would magnify the impact of the trade restrictions. Trump tweeted. Washington's rel...


Iran's leader links talks with U.S. to lifting sanctions

The Korea International Trade Association estimates exports to Iran dropped by more than 15-percent during the first half of this year from the same period ...


Canada wants NAFTA review of ’illegal’ U.S. tariffs on solar panels

Mexico Finance Minister Jose Antonio Gonzalez Anaya said there were still several chapters of NAFTA that had not yet been closed, but that the renegotiation cou...


Trump claims Fed rate hikes hinder United States economy

In a pair of tweets , Trump said China, the European Union and others had been "manipulating their currencies and interest rates lower" while the dollar ga...


European Union to fine Google a record $5bn over Android

In this way, it has cemented the dominance of its search engine. What the memo hints at, basically, is that Google might have to start charging companies for ...


Commons passes trade bill, paves way for Brexit

The bad-tempered exchanges between the two leaders came after Ms Jenkyns asked: "Can the Prime Minister inform the House at what point it was decided that Brexi...


EU Fines Google $5 Billion Over Illegal Android Practices

A similar case was brought against the company in Russian Federation, and as a result, Android now offers users in Russian Federation a choice of which defaul...


Tesla Plans To Build Most Advanced Factory In Shanghai

And its announcement said nothing about how it will pay for the venture. On the other hand, about 17 million vehicles are sold annually on the USA market. The c...


Libya force majeure on oil exports make prices skyrocket

Brent crude futures were at $77.82 per barrel, up 6 cents from their last close. Brent crude futures lost 85 USA cents to settle at US$77.39 a barrel. "Loomin...


China warns U.S. "opening fire" on world with tariff threats

Mr Gao said the USA tariffs were not so much targetting China as they were the entire global supply chain, as numerous products on the list published by the U.S...


Bali volcano eruption halts some flights

Airlines are now scrambling to clear the backlog of thousands of passengers disrupted by the eruption of Mount Agung on Bali. The eruption, which began on Thu...


Turkey's Erdogan, his alliance win presidential, parliamentary elections

Many critics say this year's military operation in Afrin, Syria, was primarily created to boost both Mr Erdogan's reputation and nationalist sentiment prior to...


Trump Threatens Tariffs on $200B in Chinese Goods

Companies would pay more for imported parts and would have to decide whether to absorb those higher costs - or pass them on to their customers. Navarro said C...


Kansas sheriff’s deputy dead, 1 in critical condition after shooting near courthouse

One Kansas sheriff's deputy was killed and another is in critical condition following a shooting near a courthouse in Kansas City on Friday. The shooting is u...


Fed raises key rate and sees possible acceleration in 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 poli...


Why South Korea has the most at stake after the summit

Col. Jennifer Lovett told TASS on Tuesday. On Monday evening, Pompeo said that the US' "ultimate objective" remains the complete denuclearisation of the K...


Porsche Taycan is the name for the production Mission E

Porsche has also confirmed a sub-3.5 sec 0-100kph and a sub-12 sec 0-200kph acceleration time for the Taycan , but exact data has not been disclosed as yet....


Petrol prices are set to drop around the country

State-run oil marketing firms have been lowering petrol prices since last one week although the rates continue to rule at unprecedented levels following the res...


Sears to close 72 more stores, sales fell

In the meantime, the company said it has identified 100 non-profitable stores, 72 of which will be closed in the "near future". In the same quarter a year ago...