Oil prices drop as escalating trade war clouds demand outlook

Brent crude futures had declined 27 cents, or 0.35 percent, to $77.78 per barrel by 0054 GMT. Brent rose to a three-year high of $80.50 a barrel in May, prompting Trump to publicly complain about rising fuel prices. OPEC and non-OPEC producers Russia... More..

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My Brexit plan or crash out of European Union, says Theresa May
by | Tuesday, September 18, 2018

My Brexit plan or crash out of European Union, says Theresa May

Speaking to Al Jazeera, Thom Brooks, professor and dean at Durham University in the United Kingdom , said he "can't believe" Britain is faced with such alarming International Monetary Fund reports with only si...More..

U.S. imposes new $200bn tariffs on China
by | Tuesday, September 18, 2018

U.S. imposes new $200bn tariffs on China

Collection of tariffs on the long-anticipated list will start September 24 but the rate will increase to 25 percent by the end of 2018, allowing US companies some time to adjust their supply chains to alternate...More..

Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents
by | Monday, September 17, 2018

Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents

While the contamination has only impacted two brands, Queensland Chief Health Officer Jeanette Young advised anyone who bought strawberries in Queensland , New South Wales or Victoria since early last we...More..

Amazon CEO says 'HQ2' decision will be announced before end of year
by | Friday, September 14, 2018

Amazon CEO says 'HQ2' decision will be announced before end of year

The other component, called the "Day 1 Academies Fund," will create "and operate a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities", Bezos said. "If billio...More..

Fuel price touches fresh high; Petrol near Rs. 90 in Mumbai
by | Tuesday, September 11, 2018

Fuel price touches fresh high; Petrol near Rs. 90 in Mumbai

Petrol price Monday increased by 23 paisa a litre and diesel by 22 paisa a litre, according to the price notification issued by state fuel retailers. While Rajasthan on Sunday announced a 4 per cent cut in th...More..

Alibaba's Jack Ma to step down in Sept 2019
by | Monday, September 10, 2018

Alibaba's Jack Ma to step down in Sept 2019

Mr. Ma is Alibaba's third-largest shareholder, with a 6.4% stake, and is a lifetime member of the Alibaba Partnership, a 36-member conclave that effectively controls the company. "Since he took over as CEO, he ...More..

Yet again, Tesla shares burned by barrage of awkward headlines
by | Monday, September 10, 2018

Yet again, Tesla shares burned by barrage of awkward headlines

Some investors were likely concerned with Musk's behavior during the Rogan podcast, which included some smoking and alcohol. Tesla chief executive Elon Musk made a series of executive promotions to fill t...More..

British Airways Could Face Massive Fine For Data Breach
by | Monday, September 10, 2018

British Airways Could Face Massive Fine For Data Breach

London time on August 21 and 9:45 p.m. London time on September 5. The issue has now been resolved and the site is working properly, the company said, which has already begun to communicate with its customers...More..

Trump, escalating trade war, threatens tariffs on all goods from China
by | Saturday, September 08, 2018

Trump, escalating trade war, threatens tariffs on all goods from China

A part of Apple's letter , which was first reported on by Bloomberg , reads, "It is hard to see how tariffs that hurt USA companies and US consumers will advance the Government's objectives with respect to ...More..

Alibaba's Jack Ma Is Not 'Retiring', Will Announce Succession Plan Soon
by | Saturday, September 08, 2018

Alibaba's Jack Ma Is Not 'Retiring', Will Announce Succession Plan Soon

Richard Liu, the billionaire founder of Alibaba's main competitor JD.com, was briefly arrested in the United States over a rape allegation last week. Alibaba has more than 86,000 employees on staff. Mr Ma is th...More..

Two reasons why a NAFTA deal could be imminent
by | Friday, September 07, 2018

Two reasons why a NAFTA deal could be imminent

Canada was frozen out of the bilateral talks between the two other NAFTA partners. Canadian officials have lately adopted an adamantly nationalist stance in trade negotiations, with Canada's foreign ministe...More..

Progressive Defeats Longtime Dem House Incumbent In Boston
by | Wednesday, September 05, 2018

Progressive Defeats Longtime Dem House Incumbent In Boston

Capuano conceded defeat to Pressley in the race to represent Massachusetts' 7th District approximately 90 minutes after the polls closed. With no Republican on the ballot in November's midterm election, Pre...More..

Petrol, diesel prices soar to record highs
by | Tuesday, September 04, 2018

Petrol, diesel prices soar to record highs

On Tuesday, the rupee closed to a record low of Rs 71.58 per dollar. The price of crude oil went up to $78.05 per barrel on Tuesday from $77.37 per barrel on Monday. Also driven by higher oil prices and robus...More..

Ramaphosa says Chinese aid is not 'new colonialism'
by | Monday, September 03, 2018

Ramaphosa says Chinese aid is not 'new colonialism'

Africa is growing in strategic importance for China, with the People's Liberation Army opening its first overseas naval base in Djibouti previous year. In May, African central banks, under the Macroeconomic a...More..

No deal yet in US, Canada NAFTA talks
by | Monday, September 03, 2018

No deal yet in US, Canada NAFTA talks

Trump again took to Twitter on Saturday, reports the Financial Post , this time saying there was no political necessity to include Canada in the trilateral trade agreement and threatening Congress to stay o...More..

Court nixes Trans Mountain Pipeline
by | Sunday, September 02, 2018

Court nixes Trans Mountain Pipeline

Trudeau had a teleconference with each province's Premier Thursday. A Canadian court has overturned Ottawa's approval of a hotly-contested pipeline project - throwing plans to almost triple the flow of Albe...More..

California lawmakers pass stiffest net neutrality law in US
by | Sunday, September 02, 2018

California lawmakers pass stiffest net neutrality law in US

On Friday, proponents hailed the passage as a landmark move toward fair and free access to the internet, saying other states were sure to follow. It remains unclear whether Governor Jerry Brown would have s...More..

View: By a 99.3% verdict, demonetisation was a farce
by | Thursday, August 30, 2018

View: By a 99.3% verdict, demonetisation was a farce

Reserve Bank of India (RBI) data says that circulation of Rs 2000 notes has seen a sharp fall in the past year.It is believed that the central bank is squeezing the supply of Rs 2000 notes to prevent black mone...More..

Tesla had VW funding lined up to go private, report says
by | Tuesday, August 28, 2018

Tesla had VW funding lined up to go private, report says

Tesla investors are likely to suffer a lengthy hangover from Elon Musk's aborted offer to take the company private, Wall Street has warned. The U.S. The company has said it expects to make 50,000 to 55,000 Mo...More..

US, Mexico reach NAFTA deal as pressure turns to Canada
by | Monday, August 27, 2018

US, Mexico reach NAFTA deal as pressure turns to Canada

United States Trade Representative Robert Lighthizer, left, and Mexican Secretary of Economy Idelfonso Guajardo, right, walk to the White House on Monday August 27, 2018 . The deal would require 75 percent of ...More..

Texas Exports More Oil Than It Imports for First Time in History
by | Sunday, August 26, 2018

Texas Exports More Oil Than It Imports for First Time in History

U.S. West Texas Intermediate (WTI) crude futures rose $2.02 to settle at $67.86 a barrel, a 3.1 percent gain. However, this week, because of falling United States crude oil inventories, the price of United ...More..

by | Friday, August 24, 2018

US, China step up trade war with tit-for-tat tariffs

That figure would be far more than China imports from the United States, raising concerns that Beijing could consider other forms of retaliation, such as making life more hard for American firms in China ...More..

Fed Chair Powell's take on economy is awaited as risks loom
by | Friday, August 24, 2018

Fed Chair Powell's take on economy is awaited as risks loom

The Dollar index is now up 3% for 2018 after more than reversing a % first-quarter loss. The dollar snapped a five-day losing streak and the euro fell on Thursday, with the greenback boosted by political un...More..

Treasurer Scott Morrison to become Australia's next prime minister
by | Friday, August 24, 2018

Treasurer Scott Morrison to become Australia's next prime minister

The names would prove a majority of his government had abandoned him. Turnbull confirmed he had received a petition showing this support. When shown an old image of her sitting next to Turnbull, Gillard was...More..

Michael Cohen has information 'of interest' to Mueller: lawyer
by | Friday, August 24, 2018

Michael Cohen has information 'of interest' to Mueller: lawyer

Cohen did not name Trump in court, but his lawyer, Lanny Davis , said afterward that he was referring to the president. "And [Cohen] has flatly authorized me to say under no circumstances would he accept a p...More..

Trump Calls On SEC to Study Ending Quarterly Reporting
by | Sunday, August 19, 2018

Trump Calls On SEC to Study Ending Quarterly Reporting

President Donald Trump on Friday called on the U.S. Securities and Exchange Commission to study ending quarterly reporting requirements for public companies and switch to a six-month system in order to cut cos...More..

by | Friday, August 17, 2018

Qatar pledges $15 billion to invest in Turkey

He said: "We put sanctions on several cabinet members". Mr. Trump is taking issue with the continued detention in Turkey of Andrew Brunson, an American evangelical pastor who faces 35 years in prison on cha...More..

United States says more sanctions await if Turkey does not free pastor
by | Friday, August 17, 2018

United States says more sanctions await if Turkey does not free pastor

The US present had harsh words for Turkish officials during the cabinet session, saying, "They have not proven to be a good friend". US Vice President Mike Pence also renewed his threats to Turkey on Wednesda...More..

US official warns of more actions against Turkey if pastor not freed
by | Thursday, August 16, 2018

US official warns of more actions against Turkey if pastor not freed

The Qatari investments challenges the USA administration, as both Turkey and the US are living a diplomatic dispute as Erdogan refused to give in to pressures from the U.S.to release 50-year-old evangelical pas...More..