Business

President Trump's announcement to impose additional tariffs on China caused global markets to tumble, . with the Dow now on a six-day-long losing streak. "Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong". Despite investors' jitters over the rising trade rhetoric, Mr.
  • Dunkin' Donuts store: No 'shouting in language other than English'

    Dunkin' Donuts store: No 'shouting in language other than English'

    Business

    A man who answered the phone number on the sign told a WBAL staffer he was the former general manager at that location. In the video , Schlossberg threatened to call U.S. "I'm exhausted of going into Dunkin' Donuts and either A they don't understand me or B I don't understand them". "Dunkin' Donuts and our franchises share the goal of creating a welcoming and hospitable environment for all guests".
  • Disney will reportedly increase its offer for Fox after Comcast bid

    Disney will reportedly increase its offer for Fox after Comcast bid

    Business

    The budget condition represents a more than 10% increase on the estimated £90m annual budget Sky News now has. However, overall it makes losses in the mid-teens millions of pounds a year. The British government set out its agreement Tuesday with Disney and 21st Century Fox over Sky, if Fox's bid to take over Sky succeeds and then Disney purchases parts of Fox, including Sky.
  • Theranos founder Holmes, US' youngest female billionaire, charged with fraud

    Theranos founder Holmes, US' youngest female billionaire, charged with fraud

    Business

    Attorney's office. The indictment announced Friday by the US Attorney in San Francisco alleging wire fraud follows claims by the US Securities and Exchange Commission that Theranos, Holmes and the company's ex-president, Ramesh "Sunny" Balwani , lied about their technology while raising more than USD700 million to build the medical-testing startup.
  • Trump threatens to impose more trade tariffs on China

    Trump threatens to impose more trade tariffs on China

    Business

    Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States". The latest measures come on top of $50bn of tariffs approved by the White House , effective from 6 July, in retaliation to alleged intellectual property theft by China.
  • Amazon launches Prime express delivery service in Australia

    Business

    Amazon's vice-president of Prime International, Jamil Ghani, said in a statement that Prime in Australia would offer free international delivery on products sold on Amazon's United States website, which shoppers could order on the Australian site, circumventing the geoblocking .
  • Millennials are the worst tippers, according to a new study

    Millennials are the worst tippers, according to a new study

    Business

    Meanwhile, the older generations prefer the traditional tipping system, with only 1 in 4 Gen Xers, ages 38 to 53, and only 13% of Baby Boomers, ages 54 to 72, saying they'd pay for higher food prices in place of tipping. But it's not just millennials who don't want to shell out the extra cash. The answer may be economic. One silver lining: 42 percent of respondents overall said they tended to tip 20 percent.
  • Trump threatens 10% tariff on $200bn of Chinese goods

    Business

    Last week, however, the Trump administration announced tariffs on 1,102 separate categories of Chinese products, to go into effect on July 6. "After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced", Trump said.
  • Germany: Interior minister gives Merkel ultimatum on migrants

    Germany: Interior minister gives Merkel ultimatum on migrants

    Business

    Merkel opposes such a ban. "There is a context here of rising criminality, which to a statistical degree is part of the migrant problem", he said, adding that Democrats in the USA and Merkel in Germany both "neglected to their peril" the opposition among citizens to illegal immigration and lax border security.
  • Trump escalates China trade spat with extra tariffs threat

    Trump escalates China trade spat with extra tariffs threat

    Business

    However, this time, Trump is raising the stakes over the additional $100 billion he previously said he would consider, charging the U.S. Trade Representative to consider $200 billion in additional tariffs on Chinese goods, with yet another $200 billion possible if China refuses to relent.
  • Chanda Kochhar on leave till probe ends, Sandeep Bakshi appointed COO

    Chanda Kochhar on leave till probe ends, Sandeep Bakshi appointed COO

    Business

    The bank's New York-listed shares rose 3.6 percent by 1647 GMT on the news. Bakhshi is now managing director and CEO of ICICI Prudential Life Insurance Company . Her husband Deepak Kochhar has denied any wrongdoing, as has the head of the Videocon group. On April 05, the government changes its nominee on ICICI Bank's board.
  • Musk Calls for Paranoia After Fire Halts Tesla Assembly Line

    Musk Calls for Paranoia After Fire Halts Tesla Assembly Line

    Business

    Despite this, Tesla now remains one of the most shorted stocks on the market with many claiming that the company will be unable to raise the billions in capital that it needs to reach its future goals. "Please be on the alert for anything that's not in the best interests of our company". ( TSLA ) gears up to produce 5,000 Model 3 cars a week by the end of June, its founder and CEO, Elon Musk, is on a mission to prove the skeptics wrong.
  • Trump to nominate Kathy Kraninger to lead CFPB

    Trump to nominate Kathy Kraninger to lead CFPB

    Business

    Mulvaney has steered the bureau in a more industry-friendly direction since he took over. Kraninger is now the associate director at OMB. The White House, CFPB and OMB did not immediately respond to requests for comment on Friday evening.
  • Google to invest $550 million in Chinese e-commerce giant JD.com

    Google to invest $550 million in Chinese e-commerce giant JD.com

    Business

    When the deal concludes, this will give Google less than a 1% stake in the company. The latest involves a strategic partnership with JD.com - China's second largest e-commerce company - to the tune of $550 million. The firms will marry JD's supply chain and logistics experience with Google technology to create "next generation" personalized retail in regions including Southeast Asia, the U.S.
  • VW names Bram Schot as interim Audi CEO

    VW names Bram Schot as interim Audi CEO

    Business

    German automaker and Audi's parent company Volkswagen confirmed the detention. The diesel investigation , conducted by prosecutors in Munich and Braunschweig and coordinated with the U.S. where, in May, prosecutors filed criminal charges against former VW boss Martin Winterkorn. It comes just a week after Volkswagen said it is being fined one billion euro (£880 million ) by German authorities in connection with dieselgate .
  • Audi CEO arrested in Germany over diesel scandal

    Business

    Rupert Stadler is the most high-profile target in the probe which has been on for more than three years. Autocar is due to receive an official comment from Audi imminently. Audi confirmed the news in a statement: "We confirm that Mr Stadler was arrested this morning". Last month, it admitted that another 60,000 A6 and A7 models with diesel engines have emission software issues.
  • McDonald's to stop using plastic straws in Irish restaurants

    McDonald's to stop using plastic straws in Irish restaurants

    Business

    Despite a report that McDonald's shareholders rejected a proposal to ban plastic straws earlier this year, several selected United States restaurants will have access to paper straws. In addition, in certain markets, such as Malaysia, McDonald's will be experimenting with much more radical approaches such as offering straws only when requested.
  • Elon Musk's Boring Company to build airport link

    Elon Musk's Boring Company to build airport link

    Business

    Musk may not be such a gamble for the the city after all, since the chosen developer will have to finance the project itself, and recoup costs from fares or advertising. "We get the upside with no financial risk at all". "We have a tremendous opportunity", Emanuel said. The project is expected to cost around $1 billion, according to two people familiar with the plans.
  • Canada Goose Holdings Inc Stock Soars on Surprise Q4 Profit

    Canada Goose Holdings Inc Stock Soars on Surprise Q4 Profit

    Business

    Equities researchers's PT indicates a potential upside of 132.77 % from the company's last price. Canada Goose is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. TSE: GOOS opened at C$77.57 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.24 and a current ratio of 2.22. Finally, Banco de Sabadell S.A bought a new position in shares of Canada Goose in the first quarter worth about $575,000.
  • After the job cuts, Rolls-Royce says what it will do next

    After the job cuts, Rolls-Royce says what it will do next

    Business

    The company says it now has orders for over 2,700 engines for wide-body aircraft and business jets and plans to increase engine production "targeting over 600 wide-body engines a year by the end of this decade". Rolls-Royce has also stated that it's committed to generating " significantly improved returns ". Rolls-Royce has a fifty-two week low of GBX 733.50 ($9.84) and a fifty-two week high of GBX 994.50 ($13.34).
  • Manipulation may have led to meteoric Bitcoin rise

    Manipulation may have led to meteoric Bitcoin rise

    Business

    The war of words between the traditional financial institutions and cryptocurrency enthusiasts could be nearing an end after professors John Griffin and Amin Shams of the University of Texas Department of Finance published a paper that provides the most compelling opinion yet of the alleged link between a controversial " stablecoin " called Tether and the staggering price rises at the tail end of 2017.
  • McDonald's to switch to paper straws in UK, Ireland

    McDonald's to switch to paper straws in UK, Ireland

    Business

    Last month, McDonald's restaurants in the United Kingdom and Ireland began replacing plastic straws with ones made from recycled paper. McDonald's is testing alternatives to plastic straws in Belgium, France, the U.S. Transcend Packaging in Wales, and Huhtamaki in Belfast, will supply the straws for all 1,361 McDonald's restaurants. Neil Rankin has replaced plastic straws in his Temper restaurants with a variety made from corn starch and stopped using vacuum packing two years ago.
  • Steve Bannon considers cryptocurrency ventures

    Steve Bannon considers cryptocurrency ventures

    Business

    Steve Bannon , President Trump's former Chief Strategist, was once his closest ally and advisor. 10 months ago, Bannon's gig as Trump's Chief Strategist ended abruptly and somewhat acrimoniously. Trump interrupted American politics". However, he has communicated a desire in assisting entrepreneurs and even countries fathoming creation of their own cryptocurrencies, usually outside the US.
  • Canada confident EU-Canada trade deal will be ratified

    Canada confident EU-Canada trade deal will be ratified

    Business

    A poll released today shows that in the week since post-G7 rhetoric and diplomatic tension between the US and Canada, shows a bump in support for Prime Minister Justin Trudeau. "We talked about following up on setting up specific dates for meetings and that is what we are going to do". On CETA, Kingston said the comments from Italy were "concerning".
  • BHP flags jobs with .9bn Pilbara spend

    BHP flags jobs with .9bn Pilbara spend

    Business

    First ore is targeted for the 2021 calendar year with the project expected to produce ore for more than 25 years. BHP has selected CIMIC's CPB Contractors to deliver the construction of bulk earthworks, concrete and underground services for the development.
  • Next move is Trump's after China hits back in trade-war opener

    Business

    The president argued that the tariffs were necessary to prevent Chinese theft of intellectual property and to boost USA industries, and he threatened to add more to the list of trade restrictions if China retaliates. In a statement on Friday, U.S. President Donald Trump defended the decision. The move has stoked business fears of a sustained trade war that could raise prices on American consumers , while heartening some lawmakers who have long called for a tougher stance against ...
  • Jaguar Land Rover launches CARPE new auto subscription

    Jaguar Land Rover launches CARPE new auto subscription

    Business

    The launch comes amid the introduction of a range of subscription services from manufacturers, in response to changing consumer purchasing habits. "We are excited to see Carpe come to market". The all-inclusive Carpe packages start from £910 per month - not including Value-Added Tax - for a standard model Jaguar E-Pace through to £2,200 per month for a range-topping Range Rover Sport HSE .
  • Rates Back In Driving Seat For Markets, As ECB Ends Bond Buying

    Rates Back In Driving Seat For Markets, As ECB Ends Bond Buying

    Business

    Bond purchases, now running at a maximum of €30 billion ($US35.3 billion) a month, will be lowered to €15 billion ($US17.65 billion) a month in September before being stopped at the end of December, the European Central Bank said . Eurozone activity has accelerated markedly over the past three years, with some estimates suggesting that QE contributed 0.75 percentage points a year to the average 2.25% annual growth rate.
  • N Brown beats high street retreat, 14 Jun 2018 11:32

    N Brown beats high street retreat, 14 Jun 2018 11:32

    Business

    The company said that ongoing weak high street footfall has forced it to consider whether to close all of its stores. In the North West, it has a Jacamo and Simply Be store at Liverpool ONE; an outlet in the Arndale Centre in Manchester; and a Jacamo and Simply Be shop at The Rock in Bury.
  • Fuel and Cooking Gas Prices Surge In Egypt

    Fuel and Cooking Gas Prices Surge In Egypt

    Business

    The ministry also raised the price for a canister of gas for Egyptian households to £50 from 30, while a bottle of gas for commercial purposes was raised to £100 from 60. Finance Minister Mohamed Maait said in a separate statement that slashing fuel subsidies was necessary to help bridge the country's general budget deficit as oil prices continue to surge, topping United States dollars 80 per barrel.
  • Qantas plane 'nosedives' over Pacific due to wake turbulence

    Qantas plane 'nosedives' over Pacific due to wake turbulence

    Business

    Ms Wilson described the event as terrifying and said she held hands with the passenger beside her, claiming she "thought with absolute certainty that we were going to crash". According to 9 News, the Australian journalist Eddie Mcquire was on the flight (QF94), and described the experience as follows: "Somebody described it as the feeling of going over the top of a rollercoaster , slightly, not the fall - just a little, 'what's going on there?'".
  • Unilever unlikely to stay in FTSE after Dutch move

    Unilever unlikely to stay in FTSE after Dutch move

    Business

    In a presentation delivered at the Deutsche Bank Conference today, the company - which makes Persil, Dove soap and Ben & Jerry's ice cream - said it had "deep engagement" with FTSE Russell, but that it was "extremely unlikely to be included in FTSE UK series".
  • Prime Minister weighs in on row over World Cup flags

    Prime Minister weighs in on row over World Cup flags

    Business

    Staff are unhappy with the move describing it as " bonkers " and that all they want to do is show their support for England. The Royal Mail said a policy which as been in place for a number of years allowed workers to display flags in offices, but not on vehicles.
  • China's Retains Borrowing Costs After Fed Hike

    China's Retains Borrowing Costs After Fed Hike

    Business

    The rates, namely rates for seven-day and 28-day reverse repurchase agreements, are not officially China's policy rates, but by holding them steady Beijing sends a message that it is on a different path from the Fed. "It's possible that the PBOC will follow in due course", writes Tom Orlik, Chief Economist at Bloomberg Economics. "The decision not to do so. looks like an indication the PBOC is more focused on supporting growth and alleviating financial stress as markets fear an increase in ...
  • CK Infrastructure Group bids $12.98bn for APA Group | Leadership

    CK Infrastructure Group bids $12.98bn for APA Group | Leadership

    Business

    The cash offer, split among CK Asset Holdings Ltd., CK Infrastructure Holdings Ltd. and Power Assets Holdings Ltd., was 33% higher than APA's closing price yesterday. At its last close, APA's shares were worth AU$8.27 (US$6.28), with it's record high recorded a year ago at AUS$9.90 (US$7.51). It told shareholders to take no action.
  • Japan blocks Canadian wheat after unapproved GMO plants found in Alberta

    Business

    Canadian officials say they do not expect any negative impact on grain exports after some unauthorized genetically modified wheat was discovered in southern Alberta. "My hope is that it would be short-lived based on, first of all, Canada's reputation as a high-quality producer of wheat and food, our safety record, the fact that this is an isolated event".
  • Part-time boom sends jobless rate lower

    Business

    The participation rate dropped to 65.5% in the reported month versus 65.6% previous. Job gains in April were revised upward from 7,100 to 8,200 jobs. A jump in labor force participation a year ago absorbed blockbuster job gains and kept unemployment around 5.5 percent.
  • Trump declares oil prices too high, blames OPEC

    Trump declares oil prices too high, blames OPEC

    Business

    Oil demand will grow steadily in 2019 thanks to a solid global economy, but the world may face a large supply gap by late next year if OPEC can not cover any supply shortfalls , the International Energy Agency said on Wednesday. Oil prices dropped on Wednesday as a result of increased supplies in the U.S. She highlighted that the vast majority of OPEC producers have nearly no ability to offset a price decline with additional volumes, also noting that Saudi Arabia's own economic ...