Business


Million Users Will Soon Be Able to Pay Bills with Ripple's XRP Million Users Will Soon Be Able to Pay Bills with Ripple's XRP
- August 10, 2018

Receive News & Updates for Bitcoin File Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Bitcoin File and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter . (more...)
Economic turmoil hits Turkey, US bank stocks react Economic turmoil hits Turkey, US bank stocks react
- August 10, 2018

Trump's tweet Friday showed that in many cases, the political and economic factors overlap - Trump's decision to double sanctions on Turkey was made possible by a key trade law called Section 232 that gives the US president very broad powers over tariffs in cases of national security. (more...)
Ryanair flight CHAOS: What airline MUST do if STRIKES leave you STRANDED Ryanair flight CHAOS: What airline MUST do if STRIKES leave you STRANDED
- August 10, 2018

For journeys under 1500km a maximum of €250 can be claimed (or €400 for flights between 1500 and 3,000km), but in the event that the airline directly warned passengers of their flight cancellation with 15 days' notice, there is no right to request economic compensation. (more...)
Turkish lira tumbles to fresh low Turkish lira tumbles to fresh low
- August 10, 2018

The Turkish lira has fallen to a new record-low this morning, as much as 12 per cent in one day, amid the souring of diplomatic relations with the U.S. More broadly, concerns over the sickly Turkish economy's wider impact were intensified Friday by a report in the Financial Times that the supervisory wing of the European Central Bank had began to look more closely at eurozone lenders' exposure to the country. (more...)
USA justification for sanctions 'far-fetched' - Russian Federation USA justification for sanctions 'far-fetched' - Russian Federation
- August 10, 2018

The Trump administration announced on Wednesday that it will impose new sanctions on Russia over the nerve-agent attack on former Russian spy Sergei Skripal and his daughter Yulia in March. The US has imposed sanctions on Russian Federation after concluding that Moscow was behind the Salisbury nerve agent attack . The White House has not said whether the poisonings came up during his meeting with Putin. (more...)
Saudi dispute not expected to have much impact on TRU after all Saudi dispute not expected to have much impact on TRU after all
- August 10, 2018

The kingdom asked on Monday the Canadian envoy to leave the country and recalled its ambassador from Canada. "Canada will always stand up for the protection of human rights, including women's rights, and freedom of expression around the world". (more...)
Mazda and Suzuki apologize for false emissions tests Mazda and Suzuki apologize for false emissions tests
- August 09, 2018

The admissions are the latest in a string of scandals involving data falsification and testing standard breaches in Japan's key auto sector. Suzuki , Mazda and Yamaha said they would take preventive steps, such as changing inspection devices so their staff can not rewrite the data. (more...)
Ikea opens its first store in India Ikea opens its first store in India
- August 09, 2018

The Nampally market produces second-hand furniture, and whether or not their clientele will shift to IKEA is unsure. Ikea has an answer to that as well. Ikea is spending $1.5 billion in India but analysts reckon it is going to be several years before the company with a presence in 49 countries starts seeing significant returns on that investment. (more...)
Uber, Lyft face NY vote that may impose cap Uber, Lyft face NY vote that may impose cap
- August 09, 2018

The New York City Council on Wednesday agreed to cap the number of licenses for ride-hailing services such as Uber Technologies Inc for one year, dealing a blow to the companies that have relied on the largest USA metro area for a major source of their revenue. (more...)
Chinese Exports Accelerate As US Prepares New Tariffs In Heated Row Chinese Exports Accelerate As US Prepares New Tariffs In Heated Row
- August 09, 2018

It represents the latest salvo in the ever-expanding trade war between the U.S. and China. Customs will begin collecting the duties on the products from 12:01 a.m. The duties are part of a broader round of tariffs on $50bn worth of goods the United States announced in March. His administration confirmed that its trade assault would soon cover more than $50 billion of products from China. (more...)
25% tariff on electric bikes shipped into United States takes hold August 23rd
- August 08, 2018

China announces tariffsin retaliation to the steel and aluminum duties and promises a response to the latest USA announcement. The trade representative said the tariffs were a response to an investigation, released this year, which found China's policies on technology transfer, intellectual property and innovation were unreasonable and discriminatory, and placed an unfair burden U.S. (more...)
Here's what taking Tesla private means for the company and Elon Musk Here's what taking Tesla private means for the company and Elon Musk
- August 08, 2018

The statement , issued by six of Tesla's nine-member board, suggests Musk's controversial tweets , which led to the company's stock being suspended from trading for a time on Tuesday, were less spontaneous than originally believed and not designed simply to punish Tesla stock short-sellers. (more...)
Crude Oil Prices Rise as a Repercussion of US Sanctions on Iran Crude Oil Prices Rise as a Repercussion of US Sanctions on Iran
- August 08, 2018

Spot Brent crude oil futures were at $73.42 per barrel at 0653 GMT on Monday, up 21 cents, or 0.3 percent, from their last close. However, the USA has asked all nations to stop their oil imports from Iran by November 2018 as Trump vouches to bring Iran's oil sales to zero. (more...)
Snapchat lost 3 million daily users in the past three months Snapchat lost 3 million daily users in the past three months
- August 08, 2018

The photo and video sharing app reported daily active users for the last quarter of 188 million, down from 191 million in the first quarter of the year. A Snapchat redesign in February aimed at encouraging users to watch more videos prompted user protests after they found it more hard to find the content they wanted. (more...)
Tesla boss Musk considering taking firm private Tesla boss Musk considering taking firm private
- August 08, 2018

The decision to go private would have to be approved by shareholders, but Musk believes taking Tesla private would be an "enormous opportunity for all of us". Elon formally lays out his idea of going private. In recent months, Musk has been unpredictable and defiant in the face of concerns that Tesla is running out of cash and overextending itself as it races to hit production goals for the Model 3 . (more...)
LCBO to offer incentives to brewers participating in buck-a-beer LCBO to offer incentives to brewers participating in buck-a-beer
- August 08, 2018

In 2008 the previous government made a decision to ban Buck-a-Beer by setting a higher minimum price and today the retail price floor sits at $1.25. However, Mr. When asked whether participating brewers would be subsidized to make up the difference in price, CTV News Toronto was told there would be "zero" financial incentives. (more...)
Fetus discovered by crew on plane at NYC's LaGuardia Airport, sources say Fetus discovered by crew on plane at NYC's LaGuardia Airport, sources say
- August 07, 2018

Tuesday. While removing the toilet paper, the cleaner discovered the foot of what appeared to be a fetus, in the toilet, CBS News reports. It was the Airbus A321's only flight of the day. "We will release cause and manner of death upon determination", a spokesperson with the medical examiner's office said. American Airlines also sent out an official statement, but offered no details about what had been found. (more...)
Elon Musk indicates taking Tesla private as he posts 'funding secured' tweet
- August 07, 2018

Shares in Tesla were up sharply following the tweet, trading at $363 at the time of writing. He implied the funding values the company at $420 a share. August 2, 2018. "Plus this is short squeeze rocket fuel after a nice quarter", said analyst Chaim Siegel from Elazar Advisors. It was not clear if Musk was serious, as he has a history of erratic tweets, and the company did not immediately respond to request for comment. (more...)
Facebook wants your financial data to expand Messenger, says report Facebook wants your financial data to expand Messenger, says report
- August 07, 2018

Facebook reportedly wants you to check your bank account on its instant message platform, Messenger. Facebook launched peer-to-peer payments in Messenger back in 2015 and has been adding payments options ever since, including integration with PayPal . (more...)
State media says China's response to latest USA tariffs restrained, rational State media says China's response to latest USA tariffs restrained, rational
- August 06, 2018

The move was meant to bring China back to the negotiating table for talks over US demands for structural changes to the Chinese economy and a cut in the bilateral trade deficit, but China's response suggests that tactic hasn't worked. This is false, and not how tariffs work. China has now either imposed or proposed tariffs on $110 billion in USA goods, representing the vast majority of China's annual imports of American products. (more...)
NASCAR CEO Brian France Arrested for DUI and Oxycodone NASCAR CEO Brian France Arrested for DUI and Oxycodone
- August 06, 2018

France was operating said vehicle in an intoxicated condition". TMZ Sports reports France's blood alcohol level was more than twice the legal limit and oxycodone pills were found in his possession during the search. France became chairman and CEO of NASCAR in 2003, a position that makes him one of the most powerful figures in sports. NASCAR said it was aware of the arrest and gathering information. (more...)
Five dead as plane crashes into shopping centre vehicle park in California Five dead as plane crashes into shopping centre vehicle park in California
- August 06, 2018

The pilot and four passengers who were killed when a small plane crashed in a Santa Ana parking lot have been identified. The plane is registered to the San Francisco-based real estate company Category III, according to an FAA database. (more...)
Longtime PepsiCo CEO Indra Nooyi is stepping down Longtime PepsiCo CEO Indra Nooyi is stepping down
- August 06, 2018

PepsiCo president Ramon Laguarta will replace Nooyi, the company added. PepsiCo today announced that its board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. He now serves as president, overseeing global operations, corporate strategy, public policy and government affairs. Recently, she has focused on reinvigorating sales of its marquee sodas by stepping up marketing efforts, in a bid to win market share from Coca-Cola Co. (more...)
China prepared for long trade war with US: state media
- August 06, 2018

The Chinese Ministry of Commerce said it was "forced to do act" after Trump's threat earlier last week to raise a proposed tariff rate on US$200 billion worth of Chinese goods from 10 per cent to 25 per cent. Other US goods targeted by China also included semiconductors, some helicopters, small-to-mid-sized aircraft, condoms, beef, steel products and coffee. (more...)
Crude Price Suffers Over US-China Trade War Crude Price Suffers Over US-China Trade War
- August 06, 2018

Francis Fannon, US assistant secretary of state for the bureau of energy resources, was recently in China to discuss sanctions, Bloomberg said, citing a US government official. Recall that President Hassan Rouhani of Iran had earlier warned the United States against any attempt to stop Tehran's oil trade. "The Americans say they want to reduce Iranian oil exports to zero". (more...)
US trade deficit expands US trade deficit expands
- August 06, 2018

The city's industrial zone looms over residential neighborhoods in Hamilton, Ontario, Canada May 14, 2017. The result could weigh on revised calculations of second quarter growth in the United States , which Trump hailed as a key achievement last week after it was reported as the strongest GDP increase in almost four years. (more...)
Oil prices mixed after inventory-fueled spike Oil prices mixed after inventory-fueled spike
- August 05, 2018

However, low stocks were still providing a floor as even with last week's rise, overall US crude inventories are below the 5-year average of around 420 million barrels. To be sure, production jumped from a year ago-by 13.3 percent from the 9.217 million bpd production in May last year. It produced about 11.21 million barrels per day, an increase of 140,000 from a month earlier, according to Bloomberg calculations based on the ministry's data. (more...)
Ryanair announce ANOTHER one day strike in August Ryanair announce ANOTHER one day strike in August
- August 05, 2018

Forsa announced the news earlier today after little progress had been made between trade unions and the airline. The 24-hour stoppage will start next Friday August 10 at 1am. Pilots in the Netherlands back the Dutch Airline Pilots Association call for industrial action in a vote the unions calls a necessary "wake up call" in negotiations. (more...)
July labor report: 157000 new jobs; unemployment dips below 4% July labor report: 157000 new jobs; unemployment dips below 4%
- August 05, 2018

As The Washington Examiner noted, the number is just slightly below the previous record of 4.6 percent set in July. "Right now, concerns about tariffs are just that: concerns", said Michael Gapen, chief USA economist at Barclays Plc in NY. (more...)
Huawei shows impressive sales, surpasses Apple in Q2 Huawei shows impressive sales, surpasses Apple in Q2
- August 05, 2018

The Chinese giant shipped more than 95 million phones in the first six months, up about 30 per cent from previous year. Also, the good demand for P20 flagship product too has contributed to Huawei's success as the company has shipped over 7 million units worldwide. (more...)

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