Business


Donald Trump attacks Harley-Davidson for moving production away from the US
- June 27, 2018

The president said the move "will be the beginning of the end" for the company and threatened that "they will be taxed like never before! ". "The Aura will be gone and they will be taxed like never before!" President TrumpDonald John TrumpCohen's lawyers argue 12,000 items protected by attorney-client privilege: reports Former migrant detention facility worker leaks footage from inside facility to MSNBC Trump misidentifies Appalachian Trail as "Tallahassee Trail" while mocking Sanford ... (more...)
U.S. demands world halt Iranian oil imports by November 4 U.S. demands world halt Iranian oil imports by November 4
- June 27, 2018

After US President Donald Trump chose to withdraw from world powers' deal with Iran on its nuclear program, some US sanctions are to be reimposed in August and some in November. "The US can not defeat our nation; our enemies are not able to force us to their knees". The ensuing turmoil has seen worldwide firms and oil companies back away from their own billion-dollar deals with Iran. (more...)
Trump threatens Harley-Davidson with severe taxes if it shifts operations overseas Trump threatens Harley-Davidson with severe taxes if it shifts operations overseas
- June 27, 2018

President Donald Trump's tariffs on steel and aluminum imported from the EU. "Thank you, Harley-Davidson, for building things in America", Trump said at the time. According to Thomson Reuters , the European Union tariffs reduced Harley-Davidson's 2018 profit by 5-8 percent. The company announced on Monday that European Union tariffs on its motorcycles have jumped between 6% and 31%, resulting in an average increase of $2,200 per exported motorcycle. (more...)
U.S. will crack down on all countries trying to steal its technology U.S. will crack down on all countries trying to steal its technology
- June 26, 2018

The escalation of the tit-for-tat tariff spooked Wall Street, sending stocks to their biggest one-day slide in months. Caterpillar stock lost 3.7 percent and Boeing fell 7.7 percent on Monday. Harley-Davidson, the dominant player in the USA motorcycle market said on Monday it would not pass on the cost of European Union tariffs to customers and instead focus on shifting some US production to other countries. (more...)
Erdogan’s triumph takes Turkey into the era of one-man rule Erdogan’s triumph takes Turkey into the era of one-man rule
- June 26, 2018

With 97.7% of the votes counted the electoral board pronounced Mr Erdogan as the victor with an "absolute majority" of valid votes. The board said the final results would be available to the public in 10 or 11 days. Speaking in televised remarks from Istanbul , the 64-year-old said "the nation has entrusted to me the responsibility of the presidency and the executive duty". (more...)
Trump blasts Harley plan to shift some production outside US Trump blasts Harley plan to shift some production outside US
- June 26, 2018

Executives in Harley-Davidson were among the first to visit the White House in February 2017 shortly after Trump took office. The EU tariffs on 3.4 billion dollars (£2.5 billion) of USA products are in retaliation over duties the Trump administration is imposing on European steel and aluminium. (more...)
United States to curb Chinese investment in tech firms United States to curb Chinese investment in tech firms
- June 26, 2018

Chipmakers sank amid reports the Trump administration will limit technology exports to China as well as investment by China. China has also announced a tit-for-tat scheme of tariffs targeting USA imports. Goods assembled and exported in one country often depend on components manufactured in another, after being designed in yet a third country, making the national trade deficit focused on by President Trump an unreliable guide. (more...)
Harley-Davidson to Outsource More US Manufacturing Jobs, Trump Calls Move 'Excuse' Harley-Davidson to Outsource More US Manufacturing Jobs, Trump Calls Move 'Excuse'
- June 26, 2018

On Friday, it began new tariffs on around $3.4bn worth of United States products being brought into the EU. The new increased tariffs by the European Union come after the U.S. Europe is becoming more important to the company as United States sales slump. "A company that is as connected to America, and Americana, as Harley is probably going to be laying off US workers in favor of foreign workers and going to be losing money as a result of this", said James Hardiman, an equity research ... (more...)
Iran economic protests shut Tehran's Grand Bazaar Iran economic protests shut Tehran's Grand Bazaar
- June 26, 2018

Iran's semi-official ISNA news agency reportedly said the protests also erupted after the Iranian rial collapsed to an all-time low of 90,000 to the dollar, despite the regime's attempts to control the currency rate. Videos posted to social media showed protesters at the bazaar heckling shopkeepers who refused to close, shouting in Farsi: "Coward!" State TV quoted Tehran's deputy governor Abdolazim Rezaie as saying "no one has been arrested in the Tehran protests", adding that all the ... (more...)
China and Europe warn trade war could trigger global recession China and Europe warn trade war could trigger global recession
- June 26, 2018

China, the EU, Canada and Mexico have all responded with countermeasures to protectionist tariffs announced by Trump. Trump has threatened to strike back against China's retaliation to the U.S. China has also announced a tit-for-tat scheme of tariffs targeting USA imports. "Europe is a critical market for Harley-Davidson", the company said. The iconic motorcycle company's announcement raised concern that escalating trade threats could lead to similar moves from other companies and dampen ... (more...)
Harley workers are first casualties in trade war Harley workers are first casualties in trade war
- June 26, 2018

With the Trump administration reportedly set to crack down on Chinese investment in certain technologies, American tech giants like Netflix , Amazon , Google , and Facebook shed significant shareholder value today, as the sector bore the brunt of spiraling investor concerns. (more...)
Casualty Of Trade Tensions: Harley-Davidson Shifting More Production Overseas Casualty Of Trade Tensions: Harley-Davidson Shifting More Production Overseas
- June 26, 2018

Equities experts predict that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year. While, the analyst predicted that the company could provide an EPS of $0.9/share. Bank of Montreal Can now owns 85,556 shares of the company's stock worth $4,353,000 after purchasing an additional 12,807 shares in the last quarter. (more...)
Uber battles to keep London licence in court appeal Uber battles to keep London licence in court appeal
- June 26, 2018

TfL revoked the licence last September . The regulator had raised a number of concerns about Uber, including driver vetting, the way it reports serious criminal offences and the use of technology that allegedly helps the company evade law enforcement officials. (more...)
Harley-Davidson to move some production out of US Harley-Davidson to move some production out of US
- June 25, 2018

The new 31% import tariffs came into effect on June 22 and were imposed by the European Union as a response to the steel and aluminium tariffs brought by the American government. The company operates manufacturing facilities in Brazil, India and Australia, and is beginning production in Thailand this year. Passing that on to dealers or customers would cause an "immediate and lasting detrimental impact" on the company's business in its second-largest market, so it'll bear the brunt of the ... (more...)
United Kingdom government minister says Brexit threats are inappropriate United Kingdom government minister says Brexit threats are inappropriate
- June 25, 2018

Demonstrators carry banners and flags as they participate in the People's March demanding a People's Vote on the final Brexit deal. They don't want some sort of hopeless compromise, some perpetual pushme-pullyou arrangement in which we stay half-in and half-out in a political no man's land - with no more ministers round the table in Brussels and yet forced to obey European Union laws. (more...)
Erdogan leads in Turkey’s presidential election - preliminary results Erdogan leads in Turkey’s presidential election - preliminary results
- June 25, 2018

An unofficial tally released by the state news agency gave Erdogan 52.6 percent of the ballots, with Ince trailing at 30.6 percent. Putin told Erdogan that the results of the election were a testament to his political authority and the broad support for his leadership. (more...)
Harley-Davidson to shift some production overseas
- June 25, 2018

Harley-Davidson says it plans to move production of motorcycles it sells in Europe overseas in response to growing trade friction between the United States and Europe. "Therefore, Harley-Davidson will not raise its manufacturer's suggested retail prices or wholesale prices to its dealers to cover the costs of the retaliatory tariffs". (more...)
Harley-Davidson will not raise prices to cover tariff costs Harley-Davidson will not raise prices to cover tariff costs
- June 25, 2018

Harley-Davidson will move the production of motorcycles bound for European countries out of the United States, citing rising costs from European Union (EU) tariffs on their products. Harley-Davidson plans to shift some motorcycle production away from the USA to avoid the "substantial" burden of European Union tariffs. Europe is a critical market for Harley-Davidson. (more...)
Bourbon warehouse storing about 20K barrels partially collapses Bourbon warehouse storing about 20K barrels partially collapses
- June 25, 2018

Another angle of the warehouse collapse in Bardstown, Ky . Barton bourbon is owned by the New Orleans-based Sazerac Co., which also owns the Buffalo Trace Distillery in Frankfort. But water samples came back clean. "Right now we're trying to determine why it collapsed", said Mattingly, and added that the forecasted storms heading to the area may pose fire concerns. (more...)
German chancellor says migration meeting a 'first exchange' German chancellor says migration meeting a 'first exchange'
- June 25, 2018

But Bulgaria said it would argue at the weekend talks for the EU's external borders to be shut completely to migrants and centres for war refugees set up outside its territory. The leaders of four central European states, meanwhile, confirmed they would boycott an EU mini-summit on migration, taking a veiled swipe at Merkel by accusing countries of pushing the issue for domestic political reasons. (more...)
UK ministers take aim at business over Brexit warnings UK ministers take aim at business over Brexit warnings
- June 24, 2018

In an open letter, 60 lawmakers, economists and business chiefs accused the European Union of being "intransigent" in divorce talks and said Britain should threaten to withhold the 39 billion pound ($52 billion U.S.) divorce bill it has already agreed to pay. (more...)
Rats dine on $25000 meal at Indian ATM Rats dine on $25000 meal at Indian ATM
- June 24, 2018

The machine, in the town of Tinsukia, broke down on 20 May, but technicians did not arrive to fix it until 11 June. When bank technicians in India were finally summoned to investigate why an ATM (automated teller machine) had not been working for days, they began to smell a rat. (more...)
Bank of England Base Rate Holds Steady at 0.5% Bank of England Base Rate Holds Steady at 0.5%
- June 24, 2018

His vote for a rise was added to those of Ian McCafferty and Michael Saunders and that decision was the first time that he has voted against the majority since he became an MPC in 2014. BoE members expect inflation to pick up slightly more than forecast in the near term. But the majority of the MPC continued to want to wait and see how the "data evolved from here" before pushing the button on a rate rise. (more...)
Eurozone agrees deal to pave way for end to Greece's bailout Eurozone agrees deal to pave way for end to Greece's bailout
- June 24, 2018

Greece expects euro zone finance ministers to deliver on promised debt relief this week so that it can at last plan its financial future "like any ordinary country", the government spokesman said on Wednesday. The senior European Union source said "it is a pity" that the IMF had forsaken participating in the third rescue but that the fund was involved on a technical level "and markets won't be shocked at all". (more...)
Intel CEO resigns after company learns of past consensual relationship Intel CEO resigns after company learns of past consensual relationship
- June 24, 2018

Krzanich's resignation was accepted by the board to preserve "the expectation that all employees will respect Intel's values and adhere to the company's code of conduct". Krzanich (pictured above) joined Santa Clara, CA-based Intel in 1982 and had been CEO for five years, the New York Times reported . Intel has spent the a year ago transitioning to "data-centric" businesses, which are largely composed of data center processors. (more...)
Theresa May will listen to Airbus Brexit concerns, No 10 says Theresa May will listen to Airbus Brexit concerns, No 10 says
- June 24, 2018

While Airbus understands that the political process must go on, as a responsible business we require immediate details on the pragmatic steps that should be taken to operate competitively. Conservative former Welsh secretary Stephen Crabb said the firm's warning should be a wake-up call for ministers. But Williams said Airbus is frustrated after it tried to discuss its concerns with the government for 12 months and made little progress. (more...)
Take Your Dog To Work Day 2018: Memes, Jokes & Photos Take Your Dog To Work Day 2018: Memes, Jokes & Photos
- June 24, 2018

You still have a few hours left for National Take Your Dog To Work Day . "Something else to consider: Dogs do like to get into wires and chew on wires". Dog Friendly Ireland Day highlights the small but effective changes that can help make Ireland more accesible to dogs and their owners. That's why many companies with such policies also have designated pet areas and require dogs to be trained before they are brought to the office. (more...)
Germany made 2.9B euros from Greek debt crisis Germany made 2.9B euros from Greek debt crisis
- June 24, 2018

The third and current bailout , involving €86 billion and starting in 2015, is scheduled to end on August 20. Tsipras said the deal hammered out early Friday in Luxembourg was a historic milestone for his austerity-battered country, whose third - and last - bailout deal runs out two months from now. (more...)
Germany's Daimler lowers 2018 outlook, cites tariffs, diesel Germany's Daimler lowers 2018 outlook, cites tariffs, diesel
- June 24, 2018

Last week US President Donald Trump announced 25 percent tariffs on $50 billion in Chinese imports, sparking trade war fears and prompting Beijing to retaliate with matching duties on American goods, including cars. Daimler has said it will appeal the decision. DZ Bank reaffirmed a "sell" rating on shares of Daimler in a research note on Thursday. As a result, EBIT at its Mercedes-Benz Cars division would now be slightly below the previous year, and significantly below the previous year's ... (more...)
Thousands March In London To Demand Brexit Deal Referendum Thousands March In London To Demand Brexit Deal Referendum
- June 24, 2018

Many businesses warn that a failure to reach a free-trade agreement between Britain and the European Union would be an economic disaster. "In a competitive world, any kind of movement of goods which would suffer any form of tariff would clearly mean they would have to review very carefully whether they could really afford the cost of those terms". (more...)

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