https://i2.cdn.turner.com/money/dam/assets/180706102225-20180706-china-us-trade-chart-new-780x439.jpg

Finance

President Donald Trump's threat overnight of 10 percent tariffs on another $200 billion of Chinese goods dampened hopes that Washington will eventually step back from the escalating row. Statistics showed that in the first six months of the year, China's exports to the USA rose 13.6 percent from a year earlier, while imports from the USA increased by 11.8 percent.
  • GM says United States import tariffs could mean ‘smaller’ company, fewer jobs

    GM says United States import tariffs could mean ‘smaller’ company, fewer jobs

    Finance

    The administration in May launched an investigation into whether imported vehicles pose a national security threat , and US President Donald Trump has repeatedly threatened to impose a 20 per cent vehicle import tariff. role in the global industry. The company said that Trump has repeatedly praised the automaker for investing in the U.S., including a new US$1.3 billion joint venture assembly plant in Alabama with Mazda Motor Corp.
  • Protesters in Tehran: 'Death to the dictator'

    Protesters in Tehran: 'Death to the dictator'

    Finance

    The unplanned demonstrations come a day after Tehran's two major shopping malls dedicated to mobiles and electronics shut down in protest over alleged rent-seeking by official importers, and refused to sell their products using the government's reduced rial rate of IRR42,000 to the dollar.
  • Trump warns Harley-Davidson: 'We won't forget'

    Trump warns Harley-Davidson: 'We won't forget'

    Finance

    His comments extended his feud with Harley-Davidson into a third day, tweeting that the motorcycle manufacturer, which already has some production in foreign markets, "should stay 100 percent in America". Harley-Davidson announced in January it would close its Kansas City, Missouri assembly plant and consolidate jobs in York, Pennsylvania. "Hence, they were just using Tariffs/Trade War as an excuse", he said.
  • American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American

    American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American

    Finance

    One woman, Cindy Madrid from El Salvador, repeatedly dictated her US-resident sister's phone number to her six-year-old daughter before she crossed the border and the family was separated. Democratic lawmakers on Saturday said they aren't convinced the Trump administration had any real plan to reunite immigrant families caught along the southwest border, while demonstrators gathered to protest the separation of parents from their children by USA border authorities.
  • Illinois Shoppers Pay More for Online Purchases, Good News for Small Businesses

    Illinois Shoppers Pay More for Online Purchases, Good News for Small Businesses

    Finance

    In today's decision , authored by Justice Anthony Kennedy, the Court sided with South Dakota, which had passed a law in 2016 that required large out-of-state online retailers to collect sales taxes on merchandise sold in the state. Prior to Wayfair v South Dakota, businesses that didn't have a physical location in a state were not required to remit sales taxes to that state government for their sales.
  • Canada legalises recreational marijuana

    Canada legalises recreational marijuana

    Finance

    Justice Minister Jody Wilson Raybould told media on Wednesday that it was not the intent of the federal government to challenge provincial laws regarding home marijuana growth, but that the issue could wind up in the courts if an individual were to present a legal challenge.
  • OPEC reaches deal to hike output - oil spikes almost $2

    Finance

    The Organisation of the Petroleum Exporting Countries met in Vienna in an effort to cool the market after oil prices rose to $80 a barrel. Iran said on Tuesday OPEC was unlikely to reach a deal, setting the stage for a clash with kingpin Saudi Arabia and non-member Russian Federation, which are pushing to raise production steeply from July to meet growing global demand.
  • Hackers rob Bithumb crypto-exchange of $32m

    Hackers rob Bithumb crypto-exchange of $32m

    Finance

    The exchange said it will compensate victims, adding that it has halted cryptocurrency deposits and withdrawals and moved investor assets to a so-called cold wallet that's disconnected from the Internet and less vulnerable to hacking.
  • Commerce Stocks Smacked By Supreme Court Ruling On State Taxes

    Commerce Stocks Smacked By Supreme Court Ruling On State Taxes

    Finance

    The court found the standard doesn't jibe with current-day online retailing. All but five states impose sales taxes. But others have resisted, making Thursday's decision significant. Justice Anthony Kennedy wrote the 5-4 decision, joined by Justices Clarence Thomas, Ruth Bader Ginsburg, Samuel Alito and Neil Gorsuch. South Dakota has estimated that it could take in up to $50 million a year in additional revenue with these taxes being collected.
  • Audi CEO detained in diesel emissions case

    Finance

    Volkswagen has pleaded guilty to the criminal charges pressed against the company where two managers are serving prison time in US. Audi has been caught up in the diesel emissions scandal that has plagued VW. The executive was arrested at his home in Ingolstadt in the early hours on Monday, they said. Volkswagen shares were down 2.1 per cent at 157.66 euros in Frankfurt trading.
  • Domino's could pave potholes in your town

    Domino's could pave potholes in your town

    Finance

    Domino's customers can nominate their town for pothole repairs on the Paving for Pizza website, and if selected , their city will "receive funds to help fix roads so pizzas make it home safely". "We know that feeling is heightened when you're bringing home a carryout order from your local Domino's store", Domino's USA President Russell Weiner said in a statement.
  • It’s official: AT&T can merge with Time Warner

    It’s official: AT&T can merge with Time Warner

    Finance

    But the Department of Justice sued to block the $108 billion merger in November 2017, saying the deal is likely to raise consumers' TV bills. T-Mobile also has a deal to buy Sprint. Bloomberg via Getty Images AT&T CEO and Chairman Randall Stephenson exits federal court in April. "The challenge for our time is to understand when vertical transactions can be problematic and when they're not", said Schaeffer, the Milbank Tweed attorney.
  • Porsche Officially Names its New Electric Sedan the Taycan

    Porsche Officially Names its New Electric Sedan the Taycan

    Finance

    At the special exhibition being held at the Porsche Museum, the Mission E concept vehicle is a significant part of the show. And now it has a production name - Porsche Taycan (which we think is pronounced "Tie-Can"). Porsche claims that multiple launches in a row will be possible without a loss in performance, and maximum range will be over 300 miles, per testing under New European Driving Cycle (NEDC) standards that are usually a bit more generous than US ones.
  • ZTE to Pay $1.7 Billion Settlement to Come Back to US

    ZTE to Pay $1.7 Billion Settlement to Come Back to US

    Finance

    US senators planned legislation on Thursday that would roll back an agreement President Donald Trump's administration announced to ease sanctions on Chinese telecommunications company ZTE Corp . He called the deal brokered a "strict settlement" calling it the "largest settlement fine that has ever been brought by the Commerce Department against any violator of export controls".
  • Microsoft plunges self-sufficient data center into sea off Scotland

    Microsoft plunges self-sufficient data center into sea off Scotland

    Finance

    Microsoft submerged one of its data centers in the Atlantic Ocean Wednesday as part of an effort to understand how the machines work on the sea floor. According to Microsoft , it's about energy efficiency and fast data transfer. Project Natick is now in its second phase, with the initial part of the program having determined that underwater data centres are feasible through the deployment of a submerged facility off the coast of California in 2016.
  • Valerie Jarrett Says Roseanne Fallout Should Be a 'Teaching Moment'

    Valerie Jarrett Says Roseanne Fallout Should Be a 'Teaching Moment'

    Finance

    She wrote that racist tweet that forced ABC to ax the show. "'Ambien brings out the racist in all of us?'" Is Roseanne Barr , known for her unique cackle, looking for the last laugh? The president's message to Iger on Wednesday read: "Bob Iger of ABC called Valerie Jarrett to let her know that "ABC does not tolerate comments like those" made by Roseanne Barr ".
  • China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban

    China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban

    Finance

    Back in April, the United States government announced a complete and total ban of any U.S. components manufacturers from selling to Chinese telecom and handset giant, ZTE (HKG:0763). As part of the deal, sources said , ZTE promised to replace its board and executive team in 30 days. Congress has threatened to try to stop the Trump Administration from signing an agreement with ZTE.
  • Trump asks if Canada burnt down White House in call with PM

    Trump asks if Canada burnt down White House in call with PM

    Finance

    Trudeau. " Canada's position is and always has been that the trilateral approach is actually better for Canada, Mexico and the United States". The May 25 phone call reportedly took on a contentious tone as the two North American leaders discussed Trump's new tariffs on steel and aluminum imports from Canada, Mexico and the E.U.
  • He Said, She Said on UK Prime Minister, Trump Phone Call

    He Said, She Said on UK Prime Minister, Trump Phone Call

    Finance

    It wasn't immediately clear how such an arrangement would work. Those penalties will remain in place "until the United States government eliminates tariffs imposed", Mexico's government said . 'Big trade barriers against US farmers, and other businesses, will finally be broken. The Rust Belt has been one of the hardest regions hit because of US free trade with Mexico.
  • European Central Bank is not yet ready to intervene in Italy

    European Central Bank is not yet ready to intervene in Italy

    Finance

    Apart from developments in Italy, investors are also looking to the upcoming euro zone consumer price data at 0900 GMT, which is expected to show inflation has accelerated to 1.6 percent in May. The Hang Seng in Hong Kong slipped 1.5 per cent to 30,034.07 and the Shanghai Composite index fell 1.6 per cent to 3,072.76. The Australian and New Zealand dollars were steady at US$0.7545 and US$0.6939, respectively.
  • Free doughnuts: Where to score the sweet stuff on Friday

    Free doughnuts: Where to score the sweet stuff on Friday

    Finance

    Atlanta's own boutique doughnut shop located in Brookhaven, Bon Glaze , will also be offering a free sugary confection with any purchase. And, in case you thought National Doughnut Day was just the work of some marketing department, it has a much more noble beginning.
  • Socialist takes over as Spain’s prime minister after corruption scandal

    Socialist takes over as Spain’s prime minister after corruption scandal

    Finance

    Rajoy is being replaced by Socialist (PSOE) leader Pedro Sánchez, whose 84 seats were insufficient for the majority of 176 required in the 350-seat house. Leftist Podemos , which will offer parliamentary support to Sanchez's government, is also unlikely to gain big influence over the new prime minister, who is keen to differentiate his Socialist party from its anti-austerity ally and win back centrist voters.
  • ‘FIFA 18’ Predicts the World Cup Finalists

    ‘FIFA 18’ Predicts the World Cup Finalists

    Finance

    Gamers will collect player cards through packs, building a team of global super-stars that will take them to World Cup victory. While preparations for the World Cup helped host regions to improve their infrastructure, it won't boost long-term growth because sectors benefiting from tourism including hotels, trade and transport "aren't drivers" in most of the local economies, Moody's said.
  • Mexico Hits Back At Trump With Tariffs On US Goods

    Mexico Hits Back At Trump With Tariffs On US Goods

    Finance

    French Finance Minister Bruno Le Maire termed the USA tariffs as "unjustified unjustifiable and dangerous". "The decision announced today is a significant threat to the 22,000 Canadian households whose livelihoods are directly supported by employment in Canadian steel ", said Joseph Galimberti, president of the Canadian Steel Producers Association.
  • Oil prices fall as Russia, US look to boost supplies

    Oil prices fall as Russia, US look to boost supplies

    Finance

    United States stock markets sank more than 1 percent, while the dollar wobbled at a 10-month high against the euro. The final decision will not be made until OPEC and non-OPEC ministers meet in Vienna on 22-23 June. There is also reason to be bullish for the fact that, according to some analysts, the additional supply that OPEC and Russian Federation plan to bring online would "barely" compensate for the loss of production from both Venezuela and Iran .
  • Fuel prices in India have not been slashed

    Fuel prices in India have not been slashed

    Finance

    The CPI (M)-led Kerala government slashed the state tax imposed on petroleum products by a rupee in view of the rising fuel prices and Vijayan said the onus was now on the Centre to effect a price reduction from its end. Since petrol and diesel remain outside the ambit of Goods and Services Tax, states also levy hefty sales tax and value added tax (VAT). The Narendra Modi government, which came to power in May that year, took advantage of the low oil prices to jack up the excise duty on ...
  • FBI Warns About Hackers Infecting Routers to Collect Information

    FBI Warns About Hackers Infecting Routers to Collect Information

    Finance

    Upgrading the router's firmware and changing the password will also help secure your device. If, like millions of Americans, you have a router in your home or office, it might already be infected by Russian malware named VPNFilter . Now that the domain is under Federal Bureau of Investigation control, any attempts by the malware to reinfect a compromised router will be bounced to an Federal Bureau of Investigation server that can record the IP address of the affected device.
  • Starbucks to close early for company-wide diversity training

    Starbucks to close early for company-wide diversity training

    Finance

    A sign posted at a San Francisco store said the store would close at 2:30 p.m. on Tuesday and reopen at 5 a.m. Wednesday. About 7,000 licensed Starbucks stores found in hotels, airports, college campuses, commercial buildings and grocery stores have the option to remain open.
  • Lega Party Calls on Italian President to Elect New Parliament

    Lega Party Calls on Italian President to Elect New Parliament

    Finance

    Mr Mattarella's veto on Sunday enraged both League leader Matteo Salvini and Five Star Movement leader Luigi Di Maio, who threatened to start impeachment proceedings against him. "I asked for the (economy) ministry an authoritative person from the parliamentary majority who is consistent with the government programme. who isn't seen as a supporter of a line that could probably, or even inevitably, provoke Italy's exit from the euro", Mattarella said.
  • 36 missing as boat capsizes in Godavari river

    36 missing as boat capsizes in Godavari river

    Finance

    Few people managed to survive after jumping from the boat'. Ferry disasters occur frequently in India, often because of overcrowded boats or poor maintenance. Boat operator Khaja surrendered before police in Devipatnam. Condolences to the bereaved families. It is believed to have capsized due to gusty winds.
  • Senate Approves Overturning FCC's Net Neutrality Repeal

    Senate Approves Overturning FCC's Net Neutrality Repeal

    Finance

    Today, Cantwell and Washington's other US Senator, Patty Murray, joined all the Senate Democrats and three Republicans in moving to repeal a Trump-era decision from the Federal Communications Commission that will dismantle net neutrality as we know it.
  • Tesla Model 3 software updates revealed

    Tesla Model 3 software updates revealed

    Finance

    The majority of analysts and observers seem to be of the opinion that Tesla must first clear the problems around the models already in production, notably the Model 3 , and then move on to other models. The safety agency has yet to announce whether it will be looking into the Utah crash. Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they are always responsible for the vehicle's safe operation, Tesla has said.
  • Namibia condemns massacre of 59 Palestinians

    Namibia condemns massacre of 59 Palestinians

    Finance

    The relocation on Monday of the US embassy from Tel Aviv to Jerusalem inflamed the seven weeks of protests leading up to Nakba Day in the Gaza Strip , resulting in Israeli forces killing at least 60 Palestinian protestors and injuring more than 2,700.
  • Amazon Go targets Chicago, San Francisco for new stores

    Amazon Go targets Chicago, San Francisco for new stores

    Finance

    While the Amazon Go store in Seattle doesn't bear Whole Foods' branding, it does stock plenty of the store's signature 365 brand products. Customers simply have to download the Amazon Go app and scan a unique barcode that automatically identifies them when they walk into a store.