Finance

US Tariffs Now Include Wireless Routers, China Responds

US Tariffs Now Include Wireless Routers, China Responds The tariffs will rise to 25 percent on January 1 of next year. Only last week, Beijing said it welcomed overtures from U.S. officials offering to restart trade talks, but the new tariffs could cause China to call off the negotiations. [Full Article...]

Free cheeseburgers! Where to find deals for National Cheeseburger Day Tuesday

Free cheeseburgers! Where to find deals for National Cheeseburger Day Tuesday The deal started Monday and goes through September 23 with no minimum required. They're giving away a free cheese slider with any purchase. Wendy's is sweetening the deal by offering a free Dave's single all month long when you buy anything else through their mobile app . [Full Article...]

My Brexit plan or crash out of European Union, says Theresa May

My Brexit plan or crash out of European Union, says Theresa May A "no-deal" Brexit is possible, he said in an interview in Tokyo, "but I don't think it's in anyone's interest for that to happen". A declaration on trade will most likely reflect the to opposing views of Barnier and the French President Emmanuel Macron , who are both pushing for a detailed roadmap for the bloc over fears that May's government will push to radically alter the terms agreed... [Full Article...]

Amazon.com investigates claims of employees leaking data for bribes

Amazon.com investigates claims of employees leaking data for bribes Amazon's vast marketplace is ripe with manipulation from unscrupulous third-party sellers trying to gain better rankings. Amazon said it is investigating reports that some employees took bribes to leak internal data and alter negative product reviews on its website. [Full Article...]

Saudi fund pumps $1B into Silicon Valley electric auto maker

Saudi fund pumps $1B into Silicon Valley electric auto maker The money is critical for Lucid Motors as their electric vehicle plans are already behind schedule. The PIF already owns a almost 5 percent stake in Tesla, according to multiple reports. Tesla's shares fell 2.2 percent on news of PIF's investment in Lucid. But previous splashy market-moving promises by the kingdom's assertive Crown Prince Mohammed bin Salman have yet to materialize. [Full Article...]

Trump & Trade: Feeling the pressure - ING

Trump & Trade: Feeling the pressure - ING The Commerce Ministry gave no details of China's response to US tariffs imposed in their fight over Chinese technology policy. Three months later, he released a new list of £24bn ($34bn) of Chinese goods to face a 25 percent tariffs, implemented in August. [Full Article...]

China tariffs: What's behind them, who stands to be hurt?

China tariffs: What's behind them, who stands to be hurt? On Tuesday, Beijing threatened to "undertake synchronous retaliation" against the USA for its decision. Some will bring operations to the United States - one of Trump's goals. But the tariffs are thought to have cost significant USA job losses. The White House says it has made it very clear what the US expects from China regarding trade, but since the country has not complied the president... [Full Article...]

Trump Sets Tariffs On $200 Billion In Imports From China

China's Foreign Ministry said it welcomed the invitation, but Trump later raised questions about it, saying on Twitter that he was under no pressure to make a deal with Beijing and that the United States "will soon be taking in Billions in Tariffs & making products at home". [Full Article...]

Trump ratchets up tariff talk as key week looms for trade

Trump ratchets up tariff talk as key week looms for trade In Beijing, China's foreign ministry has already vowed to strike back. Patel and the ING team say the U.S. Republican Party is likely to lose its majority in the House of Representatives come November, which will make it more hard if-not-impossible for Trump to pass legislation and could even aid a Democrat push to have him impeached. [Full Article...]

Trump promises post-market announcement as China tariff reports swirl

As we've seen with the United States' negotiations recently with Mexico and Canada over NAFTA, it seems the USA still does have as its aim to settle these disputes eventually. Alleging that China has been unwilling to change its unfair trade practices, Trump said the new additional tariff structure would be effective September 24 from when it would be at 10 percent until the year end, but wo... [Full Article...]

Vijaya surprise in BoB-Dena merger

Vijaya surprise in BoB-Dena merger The government will continue to provide capital support to the merged bank, which is expected to be India's third largest with assets of 14.82 trillion rupees ($204 billion), Rajeev Kumar told reporters. "Accordingly, it was chose to consolidate the three banks", said Rajiv Kumar, Secretary, Department of Financial Services. "No employee would face adverse service conditions due to the merger", ... [Full Article...]

Trump Readies Tariffs on $200 Billion More Chinese Goods

Trump Readies Tariffs on $200 Billion More Chinese Goods Collection of 10 per cent tariffs will start on September 24 but the rate will increase to 25 per cent by the end of the year, allowing USA companies some time to adjust their supply chains to other countries, a senior administration official said. [Full Article...]

Trump says cost increases from tariffs are 'almost unnoticeable'

Trump says cost increases from tariffs are 'almost unnoticeable' Economists at UBS Group AG say even a 10 percent tariff would slow the USA economy in the fourth quarter by enough to stop the Federal Reserve hiking interest rates again in December, Bloomberg reported . Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against USA farmers or other industries. President Trump claimed cost increases because of ... [Full Article...]

Coke may move into cannabis-infused drinks

Coke may move into cannabis-infused drinks Coca-Cola says it is mulling beverages infused with CBD or cannabidiol, a nonpsychoactive substance in marijuana that is purported to have health benefits. The space is evolving quickly. Coca-Cola was not immediately available for comment. "As a rule, we do not discuss business development initiatives until they are finalized, however we have a responsibility to our shareholders to give p... [Full Article...]

Oil prices gain as market tests $79 Brent

Oil prices gain as market tests $79 Brent Brent crude was up 17 cents at $78.35 a barrel at 1044 GMT. India's Oil Ministry in June told refiners to prepare for a "drastic reduction or zero" imports from Iran from November. The sanctions would include targeting Iran's automotive sector, trade in gold, and other key metals. India, Iran's No.2 oil client behind top buyer China , does not recognize the reimposed USA sanctions, b... [Full Article...]

Salesforce CEO Marc Benioff buys Time Magazine for $190 million

The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all. "Lynne and I will take on no operational responsibility for Time , and look only to be the stewards of this historic and iconic brand". [Full Article...]

Relief on the cards as Karnataka hints at reducing fuel prices

Relief on the cards as Karnataka hints at reducing fuel prices Petrol and diesel prices have been rising nearly every day in the past one month. The Vasundhara Raje government in Rajasthan too had announced tax cuts on petrol and diesel, which led to prices falling by Rs. As a result, the prices of both fuels has declined by Rs 2.5 per litre. The price break-up of petrol in Delhi as on September 10 includes excise duty of Rs. [Full Article...]

United Kingdom house prices would crash by a third after no-deal Brexit

United Kingdom house prices would crash by a third after no-deal Brexit The Bank's regional staff reported that businesses were cracking down on costs and holding back on investment ahead of Brexit , which is due at the end of March. Minutes from the September meeting of the MPC said that: "Any future increases in Bank Rate were likely to be at a gradual pace and to a limited extent". [Full Article...]

Typhoon Mangkhut leaves 28 dead in trail of destruction across Philippines

Typhoon Mangkhut leaves 28 dead in trail of destruction across Philippines Hong Kong began a massive clean-up on Monday after Typhoon Mangkhut raked the city , shredding trees and bringing damaging floods, in a trail of destruction that left dozens dead in the Philippines and millions evacuated in southern China . [Full Article...]

Six Nuclear Power Plants Are In Hurricane Florence’s Path

Six Nuclear Power Plants Are In Hurricane Florence’s Path Duke Energy has shut down its Brunswick Nuclear Plant as it was directly in the predicted path of Hurricane Florence . Florence is now a Category 2 storm with maximum sustained winds of 110 miles per hour (177 kph), according to the U.S. [Full Article...]


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