Business

Trump raises risk of economically harmful US-China trade war

Trump raises risk of economically harmful US-China trade war

China "doesn't want a trade war " but has to "fight back strongly", said a Commerce Ministry statement. The commodities market also took a hit from the latest tariff threat. The Dow sank 287 points...

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Crisis averted? Minister says migrant row with Merkel can be overcome

Crisis averted? Minister says migrant row with Merkel can be overcome

Earlier this month, Merkel made some concessions, agreeing to support Macron's call for an investment fund to help poorer European countries catch up in the areas of science, technology and innovation...

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India Urges OPEC Nations To

India Urges OPEC Nations To "Fill Supply Gap", Ensure Sustainable Prices

Tehran had previously resisted pressure by OPEC's de-facto leader Saudi Arabia to raise output. When OPEC and its allies, which include Russia , Kazakhstan and Mexico, agreed to cut output in lat...

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U.S., China sink into deepening trade conflict

U.S., China sink into deepening trade conflict

Miffed by Pompeo's comments, China hit back saying that USA is making allegations to cover up its unilateral protectionist policies. "China has been taking out 500 billion USA dollars a year out...

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…ICICI board asks Kochhar to remain on leave

…ICICI board asks Kochhar to remain on leave

In this role, he headed the retail and subsequently the wholesale business at the bank . He will be overseeing the bank's operations till an independent probe against MD and CEO Chanda Kochhar ...

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Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

The Commerce Ministry on Tuesday gave no details but said Beijing is ready to "defend the interests of the Chinese people and enterprises". United States President Donald Trump has threatened to...

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Trump threatens 10% tariff on $200bn of Chinese goods

Trump threatens 10% tariff on $200bn of Chinese goods

China , claiming the United States had "launched a trade war", retaliated nearly immediately, outlining its own tariffs on U.S. goods worth $50 billion. Trump's watch. To critics of the Trump administ...

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China Declares Trade War Launched After Trump Unveils $50B Tariffs

China Declares Trade War Launched After Trump Unveils $50B Tariffs

Trump kicked off the action in March with the announcement that the USA would impose tariffs on Chinese goods as punishment for the theft of U.S. intellectual property by China. China will bark ba...

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German government teetering on collapse over Chancellor Angela Merkel’s immigration policies

German government teetering on collapse over Chancellor Angela Merkel’s immigration policies

Interior Minister Horst Seehofer of the CSU has been one of the fiercest critics of Chancello Angela Merkel's liberal stance that allowed a million asylum seekers into Germany since 2015. Berlin ...

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Audi chief arrested over emissions

Audi chief arrested over emissions

Martin Winterkorn, the former chief executive officer of Volkswagen , was indicted in May by U.S. prosecutors. At the end of May, authorities named Stadler and Audi board member Bernd Martens as ...

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Audi CEO Rupert Stadler arrested over emissions scandal

Munich prosecutors, who have been investigating Audi's role in the 2015 scandal, confirmed they arrested Rupert Stadler in the Bavarian capital. "The hearing to determine whether he will be rem...

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China | Auto Sector Facing New US Tariffs

China | Auto Sector Facing New US Tariffs

Beijing also drew up a second list of $16 billion in chemical and energy products to hit with new tariffs , though it did not announce a date for imposing them. The Trump administration levied the ...

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Kellogg's Honey Smacks — RECALL ALERT

Kellogg's Honey Smacks — RECALL ALERT

At this point, no one has died, but the CDC and the FDA say 73 people have become sick and 24 have been hospitalized. Kellogg Company said Thursday that the recall affects 15.3- and 23-ounce b...

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McDonald's to switch to paper straws in U.K., Ireland | AP business

McDonald's to switch to paper straws in U.K., Ireland | AP business

It is the latest company to opt out of some single-use plastic products which can take hundreds of years to decompose if not recycled. "Our customers have told us that packaging waste is the top e...

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SEC Spokesman Says Ethereum and Bitcoin Are Not Securities: Relieved Markets Rally

SEC Spokesman Says Ethereum and Bitcoin Are Not Securities: Relieved Markets Rally

After news of Hinman's comment broke, the price of ether spiked around $70 to over $520, though by press time it had returned to $494. "Can a digital asset originally sold in a securities offe...

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European Central Bank gets ready to pull the plug on stimulus

European Central Bank gets ready to pull the plug on stimulus

While the U.S. Federal Reserve pursuits hawkish shift, the generally dovish stance of the European Central Bank weighs markedly on the euro, which plunged by around 1.8 percent against the U.S. The ...

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Billions in new tariffs signal start of US-China 'trade war'

Billions in new tariffs signal start of US-China 'trade war'

The Chinese government said it would respond in kind to the U.S. tariffs , which will apply to roughly 1,100 exports and will target China's aerospace, robotics, manufacturing and auto industries...

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Simply Be and Jacamo owner N Brown mulls closing all stores

Simply Be and Jacamo owner N Brown mulls closing all stores

In 2017, the stores generated an underlying loss of £3m. She said this review would be complete by the time the company reported its half year results in October, and it would do all it could to sup...

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Elizabeth Holmes indicted on wire fraud charges, steps down from Theranos

Elizabeth Holmes indicted on wire fraud charges, steps down from Theranos

Holmes and Theranos reached a settlement with the SEC, while the SEC said it would take its case against Balwani to court. In its indictment , the Department of Justice echoed the SEC's claims of d...

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Trump nominee to be South Korea ambassador backs 'pause' in military exercises

Trump nominee to be South Korea ambassador backs 'pause' in military exercises

Admonishing the journalist, the president added, "You don't understand sarcasm". The North Korean people have limited access to other news sources so the state media's portrayal of Trump and the su...

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2 sheriff's deputies shot -- 1 fatally -- at Kansas City court building

2 sheriff's deputies shot -- 1 fatally -- at Kansas City court building

That deputy's name has not been released. A van with prisoners left the Wyandotte County Jail entry, on the left, and went into a gated parking lot area on the right of the photo, where the shooting o...

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Trump imposes 25 per cent duties on $50bn worth of Chinese goods

Trump imposes 25 per cent duties on $50bn worth of Chinese goods

A Chinese government website today posted a list of seafood products that will be subject to the tariffs , and it included live, fresh and frozen lobster. "We've imposed import tariffs that wil...

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Saudi Arabia opens production tap in May

Saudi Arabia opens production tap in May

A weekly market report from US motor club AAA said the national average retail price for a gallon of gasoline was at a point where consumers may be changing their habits. That move took crude ...

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Trade war looms as Trump announces China tariffs

Trade war looms as Trump announces China tariffs

The moves brought the world's two largest economies to the verge of an all-out confrontation long feared by markets and industry. Following the latest decision by Trump, Congresswoman Rosa DeLauro ...

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McDonald's is ditching plastic straws from all their Irish restaurants

The initiative comes after a trial run there, and new paper-straw trials are set for some McDonald's locations in France, Norway, Sweden, Australia, and the US, CNBC notes. Most straws are made from...

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China trade tensions escalate as Trump approves $50bn of tariffs

China trade tensions escalate as Trump approves $50bn of tariffs

China is one of North Korea's closest allies and holds sway over Pyongyang because it accounts for roughly 80 per cent of North Korea's foreign trade. The Washington Post and The Wall Street Journal...

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Oil mixed as OPEC supply increase appears less certain

Oil mixed as OPEC supply increase appears less certain

OPEC and its allies have been curbing supply since January 2017 to boost oil prices and cut bloated global inventories. We continue to expect a two-sided trade as investors prepare for the OPEC meet...

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Republican Sen. Bob Corker calls GOP 'cultish' and 'fearful' under Trump

Republican Sen. Bob Corker calls GOP 'cultish' and 'fearful' under Trump

Mark Sanford , whom Trump attacked in a tweet by invoking the congressman's 2009 extra-marital affair. Bob Corker's remarks that Republicans are becoming "cult-like" in their support of Presiden...

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No one earning minimum wage can afford a modest apartment says report

No one earning minimum wage can afford a modest apartment says report

San Francisco, Marin and San Mateo counties top the list of most expensive jurisdictions, where one would need to make $60.02 an hour to afford a modest two-bedroom apartment. A low-income worker ea...

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Toyota investing $1 billion in Grab

Toyota investing $1 billion in Grab

It is also the latest collaboration between a global vehicle maker and a technology firm as ride-hailing companies dominate the fast-growing field of mobility services, raising the risk of a future ...

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