Finance

Google tailoring a search engine for China

Search results will not include links to sites focusing on democracy, religion, human rights, or protests in addition to an array of other forbidden topics. "For the world's biggest search engine to adopt such extreme measures would be a gross attack on freedom of information and internet freedom". Google did operate in the country from 2006 to 2010, when it also agreed to the local censorship l... [Full Article...]

White House Plans 25% Tariffs on China

The new levies would escalate trade tensions with the foreign power and add to a 25 percent tariff already imposed on $34 billion of Chinese imports in July . The proposal would require a more robust justification from the Department of Defense for "Section 232" tariffs such as those imposed on steel and aluminium imports and those now under consideration for autos. [Full Article...]

Bank of England raises interest rates to 0.75%

But the message for interest rates remained one of gradual and limited increases as the central bank saw inflation only a fraction above its 2 percent target over the next few years. Some economists have raised doubts about the case for the rate hike. "RBI's statements on increasing external risks and discussions on currency contagion (currency war) in the press conference, confirms our belief... [Full Article...]

Dixons Carphone data breach hit extra 9m customers

Dixons Carphone data breach hit extra 9m customers A data breach uncovered by Dixons Carphone is now estimated to have affected up to 10m customers, up from original estimates of 1.2m. No information has been provided on how the attackers managed to gain access to such a large amount of data, but the company says an investigation being carried out with the aid of cyber security experts is nearing completion. [Full Article...]

RBI increases repo rate by 25 bps to 6.50%

If the RBI increases the rates by 25 basis points, it would be the first time since October 2013 that the central bank has hiked borrowing costs at two consecutive policy meetings. Experts say those with a £200,000 mortgage will see a hike of about £25 a month - or £300 a year. The biggest anxiety in everyone's mind today is whether the ongoing rate hike cycle is likely to be a shallow one? ... [Full Article...]

Tyson Foods Says They're Losing Profit Due to Trump's Tariffs

Tyson Foods Says They're Losing Profit Due to Trump's Tariffs Company insiders own 2.65% of the company's stock. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market - a metric that traders will surely be keeping tabs on. The impact of earnings growth is exponential. Long Term Debt/Equity ratio was recorded at 0.73. Analysts therefore consider the investment a net gain. [Full Article...]

SMMT: US Demand For British Cars Grows

SMMT: US Demand For British Cars Grows Economists polled by Reuters have said a no-deal Brexit is the third most-likely outcome, behind a new free trade deal between Britain and the EU and continued membership by Britain of the European Economic Area's single market. Brexit is due to take place in less than eight months, in March 2019, but PM Theresa May has not yet found a way to maintain economic ties with the European Union an... [Full Article...]

RBI hikes repo rate by 25 basis points

The latest policy decision could translate into higher equated monthly instalments (EMIs) for home, auto and other loans, if the banks pass on the burden to borrowers. The central bank also said indicators suggested that economic activity continued to be strong. India's annual consumer inflation hit 5 percent in June, the eighth straight month in which it topped the RBI's medium-term 4 percent t... [Full Article...]

Huawei overtakes Apple as world's second biggest smartphone maker

Huawei overtakes Apple as world's second biggest smartphone maker China's leading smartphone brand, Huawei Technologies, outstripped Apple in global smartphone shipments in the second quarter this year, putting it in second place behind Samsung Electronics and signalling the rising popularity of its handsets around the world. [Full Article...]

China warns against blackmail as Donald Trump considers higher tariffs

Trump said China's response targeting US farmers has been "not nice". We were particularly heartened that Trump and the Europeans now have a handshake agreement to aim for zero tariffs on both sides of the Atlantic. The U.S. imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. [Full Article...]

TSA tracking unsuspecting air travelers

TSA tracking unsuspecting air travelers The Transportation Security Administration ( TSA ) launched a covert civilian surveillance program called Quiet Skies across major United States airports in March this year, the Boston Globe reported , after examining TSA internal documents and interviewing more than a dozen people with direct knowledge of the matter. [Full Article...]

Trump Administration Threatens Even Higher Tariffs On China

Trump Administration Threatens Even Higher Tariffs On China Announcing a higher tariff is required ahead of the hearings and will send a signal that the Trump administration is upping the pressure on China to make serious concessions. "Regrettably, instead of changing its harmful behavior, China has illegally retaliated against USA workers, farmers, ranchers and businesses". The plan to more than double the tariff rate was first reported by Bloomberg Ne... [Full Article...]

RBI hikes repo rates by 25 basis points

RBI hikes repo rates by 25 basis points It may be noted that the central bank raised repo rate by 25 bps to 6.25 per cent in June, marking the first hike by the MPC in the last four years. Sixty percent of the economists polled believed that there may be a 25 basis points (bps) rate hike, while the remaining expected a status quo. [Full Article...]

Thicker plastic bags free for Coles shoppers after outcry

Thicker plastic bags free for Coles shoppers after outcry The bags are back", Steve said with a smirk while waving a plastic bag in his hand on last night's episode of The Project . "Some customers told us they needed more time to make the transition to re-usable bags", a spokesperson for Coles told CNN , adding that even customers bringing bags from home still found themselves needing more. [Full Article...]

Tesla flags promise of profit as Model 3 production steadies

Tesla flags promise of profit as Model 3 production steadies However, the company did still lose money on the whole, working out to an adjusted loss of $3.06 per share, which is a bit worse than Thomson Reuters had estimated. The electric auto maker said it will continue to ramp up production of the Model 3, forecasting a weekly rate of 6,000 vehicles by late August. The company claims it plans to produce 50,000 to 55,000 Model 3 sedans in the third qua... [Full Article...]

Baidu slumps on prospect Google plans comeback in China with censored app

Between 2006 and 2010, Google actually ran a censored version of its search engine in China. Project Dragonfly by Google is a custom censored search engine that makes oppression easier than ever before. The government's Great Firewall already blocks crucial information on various topics, including opponents, free speech, sex, historical events like the 1989 Tiananmen Square massacre, as well as U.... [Full Article...]

United States sanctions two Turkey officials over detention of pastor

United States sanctions two Turkey officials over detention of pastor It urged Trump to reconsider the sanctions. In Ankara, Turkey called on the U.S.to reverse its decision and promised to " respond in kind without delay" against what it described as an aggressive stance by the Trump administration. Brunson, an evangelical pastor, was arrested in December 2016 and jailed. Brunson, who led a Protestant church in the Aegean city of Izmir, was placed under hous... [Full Article...]

Japanese Yen Looks Past Retail Trade Data, BOJ and Fed in Focus

The pan-European FTSEurofirst 300 index of leading regional shares closed up 0.24 percent while MSCI's gauge of stocks across the globe gained 0.18 percent. The new forecasts show the BoJ's struggle to stoke inflation, while its peers in the U.S. and Europe normalise policy. There is anticipation that the BOE will hike rates on Thursday for the second time since the 2008 financial crisis. [Full Article...]

Dozens Of Salads And Wraps May Contain A Fecal Parasite, USDA Warns

Dozens Of Salads And Wraps May Contain A Fecal Parasite, USDA Warns The list of products affected by the recall includes those produced between July 15 to 18 with either the "Best by", "Enjoy by", "Best if sold by" or "Sell by" dates ranging from July 18 through July 23. It can also cause loss of appetite, weight loss, stomach cramps or pain, nausea, gas and fatigue, the CDC added. At Deerfield-based Walgreens , the recalled products were sold "in a limited... [Full Article...]

Alaska Airlines has issued another apology for ‘discriminating’ against gay couple

Seattle-based Alaska Airlines in hot water after allegedly discriminating against a gay couple on a flight from NY to LA. 'I can assure you we are an inclusive airline and hold a zero-tolerance policy for discrimination of any kind in our workplace'. [Full Article...]


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