Business

by | September 25, 2018 | 22:44

Trump notes "missiles and rockets are no longer flying" from North Korea and threatening its neighbors. Trump said he will meet with Rosenstein on Thursday upon his return to Washington. In his 41-minute speech at the General Assembly in 2017, Trump made clear he wanted to turn the clock back on the last half-century's growth of global rules and institutions and to return to the primacy of the nation-state.

by | September 25, 2018 | 22:41

China is poised to retaliate with tariffs on US$60 billion in USA goods, a move that Trump has said would spur new duties on another US$267 billion in Chinese imports. Neither side has backed down since the tit-for-tat tariff war began in July when the USA imposed duties on US$34 billion of Chinese goods. "Our position is really simple: We're happy to listen to the Chinese, we want to talk and the Chinese are well aware of the issues we have raised", Navarro said.

by | September 24, 2018 | 18:58

On Sept. 20, Trump sent a tweet demanding OPEC produce more to get oil prices down and goose the US economy. Commodity traders Trafigura and Mercuria said on Monday that Brent could rise to $90 per barrel by Christmas and pass $100 in early 2019, as markets tighten once per cent sanctions against Iran are fully implemented from November.

by | September 20, 2018 | 01:44

Bush administration. In a memorandum announcing the move, Trump claimed that the country 'conducts and supports unauthorised intrusions into, and theft from, the computer networks of USA companies [which] provide the Chinese government with unauthorised access to intellectual property, trade secrets, or confidential business information, including technical data, negotiating positions, and sensitive and proprietary internal business communications, and they also support China's strategic ...

by | September 19, 2018 | 01:31

China has already imposed retaliatory tariffs on $50 billion worth of U.S. goods in response to Washington's previous measures. Trump reacted on Twitter , promising "great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted".

by | September 18, 2018 | 02:12

President Trump claimed cost increases because of his tariffs have been "almost unnoticeable" - but didn't mention his administration's $12 billion bailout to American farmers caught up in the trade war . Trump defended his policies in an early-morning tweet on Monday, writing: "Tariffs have put the U.S.in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been nearly unnoticeable".

by | September 18, 2018 | 01:07

In theory Saudi Arabia could immediately raise output to 11.5 million barrels a day-that's what Crown Prince Mohammed bin Salman told Bloomberg in April 2016. A slowdown in US production growth next year comes at a delicate time for oil markets, especially with Iran production being curtailed while uncertainties remain in Venezuela , Libya and Nigeria , all three are OPEC producers.

by | September 17, 2018 | 02:40

Additionally, if the traveler admits to past drug use, they will be found inadmissible to the US. What to do? Well, lying to a border agent is considered fraud and is also grounds for a lifetime ban. He added, "At a time when public opinion and the culture around marijuana is rapidly shifting, not just in the USA but around the world, it is inane for USA border officials to maintain such a draconian and backward-looking policy".

by | September 15, 2018 | 03:26

American officials also worry they might erode USA industrial leadership. More than 430 companies responded to the survey between August 29 and September 5, which Ken Jarrett, president of AmCham Shanghai , said had been conducted in part to provide AmCham with data for meetings with members of congress later this month.

by | September 13, 2018 | 03:27

Last month, White House Press Secretary Sarah Huckabee Sanders falsely claimed that Trump has created three times as many jobs for black workers as his predecessor Barack Obama did during his entire time in office. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! "We have just begun". In fact, Obama had been talking about manufacturing jobs - not economic growth - and had said, "He just says, 'Well, I'm going to negotiate a better deal.' Well- what - how ...

by | September 11, 2018 | 01:13

Trump delivered his news to a scrum of reporters on Air Force One, telling them that the new tariffs could come "very soon depending on what happens", according toBloomberg. The U.S.'s ability to continue to dominate telecommunications technology, including the upcoming fifth-generation phone networks, will be hampered by the levy on imports from China.

by | September 11, 2018 | 00:30

The New Yorker published another story by Farrow on Sunday, in which six additional women accused Moonves of sexual misconduct. Les Moonves is expected to leave his position as CEO of CBS , Variety reports, after a new wave of sexual assault and harassment allegations surfaced.

by | September 08, 2018 | 00:19

Former President Barack Obama speaks to a full crowd at the University of IL campus in Urbana on Friday. Speaking at the University of IL where he accepted an award for ethics in government, Obama foreshadowed the themes he is expected to take to the campaign trail in the coming weeks while stumping for Democrats before the November midterm elections.

by | September 06, 2018 | 13:53

With concerns growing that global spare capacity will be stretched if other producers such as Saudi Arabia pump more to make up for the loss, the oil market is revealing risks of a crunch. Russia, the main beneficiary from its deal with OPEC to unfetter output, extracted an average of 11.21 million barrels a day, according to data from the Energy Ministry's CDU-TEK unit.

by | September 05, 2018 | 05:12

Shares in the e-commerce giant rose almost 2% to a high of $2,050.50 in morning trade before slipping back. Amazon founder Jeff Bezos is the world's richest man, worth over $150 billion. He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994. After the internet shopping giant surged past that $1 trillion mark, today, experts are saying it could even be bigger than the makers of the iPhone.

by | September 04, 2018 | 07:42

The department's decision comes after the Minister of Energy, Jeff Radebe, told the portfolio committee on energy in August that there is no "quick fix" to the high fuel prices and it will require "multi-dimensional efforts". State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions.

by | September 03, 2018 | 07:06

The federal deficit has exploded under Trump, with the advent of the GOP tax law that is projected to cost $1.9 trillion over the course of a decade, as well as a bipartisan spending deal that increased discretionary spending by almost $300 billion in 2018 and 2019.

by | September 01, 2018 | 04:58

In fact, the Congressional Budget Office predicts that the budget deficit will surpass $ 1 trillion for the 2019 fiscal year. Trump's decision does not affect pay for military personnel; instead, USA troops are due a 2.6 percent pay increase next year.

by | August 28, 2018 | 02:54

Separately, the NY state attorney general has filed a civil lawsuit against the Trump foundation, Trump's purported charity. Now he claims that he merely had an "instinct" about what Trump knew . "I should have been more clear - including with you - that I could not independently confirm what happened", Davis said, adding: "I regret my error".

by | August 27, 2018 | 06:26

Just days before the Legislature is to consider a controversial net neutrality bill regulating internet service providers, a Verizon lawyer told lawmakers that those kinds of regulations are "very unrelated" to a recent incident in which his company slowed down data speeds for Bay Area firefighters actively battling a major fire.

by | August 27, 2018 | 05:33

The Fed is very confident in the United States economy and Mr Powell indicated there is no intention of slowing down the Fed's rate hikes, said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.

by | August 27, 2018 | 00:46

Mr. Weisselberg was called to testify before a federal grand jury earlier this year, the Journal said . First, Trump's former personal attorney, Michael Cohen , implicated him in testimony about hush money payments to two women who allege affairs with him.

by | August 25, 2018 | 22:08

It was a great day for the #Resistance, but, in West Virginia, you would have no idea that we moved one step closer to the end of the Trump presidency. The most stunning moment came when Cohen implicated Trump in the scheme, saying in a Manhattan courtroom that he acted "in coordination with, and at the direction of, a candidate for federal office" and "for the principal goal of influencing the election".

by | August 23, 2018 | 03:57

American presidents have rarely criticized the Fed in recent decades because the independence of the Fed is seen as important for economic stability. Meanwhile, Trump also said he did not expect much progress from trade talks with China this week in Washington . Gold prices have slid more than 12 percent since hitting a high of $1,365.23 in April amid USA interest rate hikes and a soaring dollar.

by | August 19, 2018 | 00:33

Brunson, 50, was indicted by a Turkish court on charges of having links with the Kurdistan Workers' Party (PKK) militant group and the movement of the US-based opposition cleric Fethullah Gulen, whom Ankara accuses of having masterminded the July 2016 coup attempt against Erdogan.

by | August 18, 2018 | 02:45

Musk discussed his plans and goals about taking Tesla private . Musk , whose company posted a record US$709.6 million net loss in the first quarter of this year while struggling to manufacture large numbers of its Model 3 mass-market electric auto, said he had been working up to 120 hours a week and as a result his health had been "not great" and his friends had been anxious about him.

by | August 18, 2018 | 02:16

China's Ministry of Commerce said the 30 percent tariffs announced in January violates WTO rules.The fees also apply to imports of solar cells and units from Europe, Canada, Mexico and South Korea, Increasing strained relations with United States allies.

by | August 18, 2018 | 01:16

On Thursday, US Treasury Secretary Steven Mnuchin suggested during a cabinet meeting that the next spiral of tit-for-tat sanctions was coming soon, deepening the spat that has rattled financial markets. Turkey says the case is a matter for the courts. One currency trader said Friday's lira weakness was driven by "the new US sanctions threat and the S&P decision, with position-closing in markets ahead of the public holiday".

by | August 17, 2018 | 02:43

USA national security adviser John Bolton on Monday met Turkey's ambassador to the United States to discuss Brunson's detention. The United States also pushes Ankara to comply with its sanctions recently imposed on Iran, while Turkey said it would continue to buy gas from its neighbour.

by | August 15, 2018 | 07:09

Mumbai: Rerversing all its early gains, the rupee on Tuesday collapsed to a life-time low of 70.09 against the U.S. dollar, falling 16 paise amid fears that Turkish economic crisis could lead to a global financial meltdown. Salil Datar, CEO and executive director, Essel Finance VKC Forex, said, "The current drop in Rupee is mainly due to the crisis in Turkey ". The inflation in the country is at nearly 16 per cent compared to 4.17 per cent in India in the month of July.

by | August 15, 2018 | 03:36

Private equity firm Silver Lake is also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with no compensation, Reuters reported on Monday. The special committee will consist of independent board members Brad Buss , Robyn Denholm and Linda Johnson Rice . Denholm, the first woman on Tesla's board, is chief operations officer of telecom firm Telstra and the ex-CFO of network gear maker Juniper Networks ( JNPR.N ).

by | August 15, 2018 | 02:47

Brunson's lawyer Cem Halavurt confirmed to AFP that he appealed for the release of his client once again on Tuesday, saying that: "The court should deliver its ruling in the next three days". The ruckus between Turkey and the U.S. has impacted on other countries' currencies , including the Indian rupee, as investors fear the lira's wobbles could spread to developing nations.

by | August 14, 2018 | 04:28

According to the Pierce County Sheriff's Department, the 29-year-old suspect was either "doing stunts in the air" or improperly operating the aircraft during the hour-long chase. Many planes in service were designed decades ago and are started up by manipulating levers and switches in a certain sequence, rather than by, say, an ignition key.

by | August 13, 2018 | 02:24

We look the issue straining relations between the U.S. and Turkey. Relations between the two North Atlantic Treaty Organisation allies have taken a turn for the worse amid dispute over the detention in Turkey of U.S. "We will say bye bye to those, who sacrifice their strategic partnership and alliance with a country of 81 million people on the altar of their relations with terror organizations", he said.

by | August 12, 2018 | 16:19

The airline has been hit with strikes by flight attendants in Spain, Portugal and Belgium . Ryanair DAC is an Irish low-priced airline founded in 1984, headquartered in Swords, Dublin, Ireland , with its primary operational bases at Dublin and London Stansted airports.

by | August 12, 2018 | 16:13

The lira dropped by over 11 percent in value in one day on Friday morning to almost six lira per dollar. The Nasdaq composite was down more than 0.8 percent as technology stocks also dropped. Turkey's national tender has already fallen more than 40% in the past year, and this is the first time ever that it took more than 6 lira to buy a dollar.

by | August 12, 2018 | 16:14

The Russell 2000 gained 13.43 points , or 0.8 per cent. S&P 500 futures have fallen 0.5%, while Dow Jones Industrial Average futures have declined 105 points, or 0.4%. Rite Aid (RAD.N) fell 10.6 percent and was the most actively traded stock after the drug store chain and US grocer Albertsons Cos ABS.N agreed to terminate their merger agreement.

by | August 10, 2018 | 02:00

The minimum price - which was hiked from $1 to C$1.25 by the previous Liberal government in 2008 - will apply to beers that have less than 5.6% alcohol content. "The premier is asking beer producers to lower their prices down to a dollar". However, brewers are not required to charge less, and the lower minimum price is expected to exclude draft beer and excludes the bottle deposit.

by | August 09, 2018 | 17:36

And Chinese regulators last month barred Qualcomm, a US telecom leader, from completing its $44 billion acquisition of Netherlands-based NXP, which would have made it a more formidable competitor for Chinese companies. And Mr. Trump has threatened to impose tariffs on virtually everything China sells to the United States. China, however, would run out of USA imports to levy, as it bought only $130 billion worth of American goods previous year.

by | August 09, 2018 | 17:33

The ministry also reminded Washington that Beijing follows a consistent policy of opposing any " unilateral sanctions and long-armed jurisdiction " indiscriminately practiced by the U.S. Donald Trump claimed they were "the most biting ever imposed" and warned that in November, sanctions would "ratchet up to yet another level" with an embargo on Iranian oil and blanket sanctions on Iranian banks.