Business


Will Trump's trade war give us a happy ending? Will Trump's trade war give us a happy ending?
- September 15, 2018

The latest data from polling aggregator RealClearPolitics puts Democrats at a more than 8-point lead in a generic congressional vote for the House. "In fact, from last month's preliminary talks in Washington, the two sides' trade talk teams have maintained various forms of contact, and held discussions on the concerns of each side", he said . (more...)
Turkey to use lira in property purchases, sales, rents Turkey to use lira in property purchases, sales, rents
- September 14, 2018

S. for what he called a "heinous economic attack" that has sent the lira tumbling some 40 per cent this year. But hours later, the Turkish Central Bank ignored Erdogan, raising interest rates to fight price increases and the risk of runaway inflation. (more...)
Bezos Calls Trumps Attacks on Media 'dangerous' Bezos Calls Trumps Attacks on Media 'dangerous'
- September 14, 2018

The Amazon founder, the world's wealthiest person , offered detail on his philanthropic goals, announcing the Bezos Day One Fund, which will begin with an initial $2 billion. Jeff Bezos , Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center's Forum on Leadership in Dallas, Texas, US, April 20, 2018. (more...)
Carney to stay at Bank of England until 2020 Carney to stay at Bank of England until 2020
- September 14, 2018

British Treasury chief Philip Hammond , following discussions with Prime Minister Theresa May, appears to have approved of Carney's performance so far. "I certainly can't make announcements on behalf of the government but I'll do whatever I can to support this process". "In a sea of Brexit political pygmies the governor of the Bank of England is one of the only sane voices at the table, so it is welcome news he is staying on". (more...)
Donald Trump: China 'Under Pressure' to Make a Deal with United States Donald Trump: China 'Under Pressure' to Make a Deal with United States
- September 14, 2018

Trump imposed his first phase of tariffs this summer on $50 billion of Chinese goods, including high-end technology parts and manufactured goods, while Beijing fired back dollar-for-dollar at U.S. Mid-level US and Chinese officials held inconclusive talks on Aug 22 and 23. Trump said there was more pressure on China to make a deal, pointing to their shrinking economy. (more...)
Would Trump’s 20% auto tariff be Canada’s ’ruination’? We assess the damage Would Trump’s 20% auto tariff be Canada’s ’ruination’? We assess the damage
- September 14, 2018

Prime Minister Justin Trudeau, speaking at the Women in the World summit, was circumspect about the talks, saying only that he remains hopeful. "Even if we gave him everything he wanted - and there is no way we would ever do that - who can say whether he'd be satisfied?" said one source, who declined to be identified given the extreme sensitivity of the situation. (more...)
Turkey's Central Bank Defies Erdogan With Drastic Interest Rate Hike Turkey's Central Bank Defies Erdogan With Drastic Interest Rate Hike
- September 14, 2018

Turkey ruled on Thursday that property sales, rental contracts and leasing transactions must be made in lira from now on, halting the use of foreign currencies for such deals in a fresh step to support the ailing local currency. "It nearly seems like it's a game of "good cop, bad cop" being played out between the Turkish authorities - with President Erdogan on the one hand still making statements regarding his dislike of interest rates and. (more...)
Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2 Andhra Pradesh Government Announces Reduction in Petrol, Diesel Prices by Rs 2
- September 12, 2018

Likewise, the diesel price went from Rs 62.98 per litre in 2014 to Rs 79.98 at present. Since March, petrol and diesel prices in the national capital have increased by Rs 5.60 and Rs 6.31, respectively. In Parbhani in the region, today's retails price is Rs 90.12. Telangana charges the second highest sales tax/VAT on diesel: 26.01 per cent. Maintaining its rise with a 14 paisa hike on Tuesday, petrol and diesel were sold at Rs 80.87 and Rs 72.97/litre, respectively. (more...)
How to watch Apple's 2018 iPhone keynote announcement - Stream, schedule, info
- September 12, 2018

Speculation includes talk that Apple will introduce three new iPhone models infused with features from a premium iPhone X that debuted past year with a $1,000 price tag. It also is expected to release a wireless charging mat that will be able to charge several devices at once. The device is being called 5.8-inch iPhone Xs in the leaked code while the larger iPhone Xs is being referred to as 6.5-inch iPhone Xs. (more...)
Market Outlook: Trump, Apple and tariffs Market Outlook: Trump, Apple and tariffs
- September 12, 2018

Cook's personal diplomacy stands in stark contrast to some of his peers in the tech industry, who haven't engaged Trump directly - and often are on the receiving end of far more aggressive tweets attacking their business practices. Should the US push through with these threats, it will mean it will tax all of China's exports to the United States of America within the year. "Exciting! #MAGA ", Trump tweeted on Saturday after Apple outlined its arguments against United States tariffs on ... (more...)
Apple to unveil new iPhones, revamped iPads and more on Wednesday Apple to unveil new iPhones, revamped iPads and more on Wednesday
- September 12, 2018

It is clearly the Apple season, as the U.S. technology giant will announce its new products on Wednesday. Rival Samsung Electronics Co Ltd has a few models that cost almost as much as Apple models, but the bulk of its line-up, like that of other phone makers, consists of cheaper models. (more...)
Why Hurricane Florence Is So Dangerous Why Hurricane Florence Is So Dangerous
- September 12, 2018

Typically, local governments in North Carolina make the call on hurricane evacuations, but Governor Cooper said "this one is different". "We are sparing no expense". The last time the U.S. capital declared a state of emergency was in January 2016 when a winter storm dubbed "Snowzilla" blanketed the capital region in knee-deep snow. (more...)
USA capital under state of emergency, evacuation ordered
- September 11, 2018

It is forecast to make landfall in the southeastern states of North or SC on Thursday. "It's an extremely risky, life-threatening, historic hurricane. The watch "means there is a possibility of life-threatening inundation, from rising water moving inland from the coastline, in the indicated locations during the next 48 hours", the Hurricane Center said. (more...)
Trump, Obama Battle Over Credit For Improving Economy Trump, Obama Battle Over Credit For Improving Economy
- September 11, 2018

If this statistic seems dubious, that is because it is categorically false; there have actually been 63 fiscal quarters across the past 60 years in which the unemployment rate was lower than the rate of growth for the gross domestic product, or GDP. (more...)
Apple: China tariffs will hit Apple Watch, Air Pods, cables and chargers Apple: China tariffs will hit Apple Watch, Air Pods, cables and chargers
- September 11, 2018

China's annual consumer inflation accelerated to 2.3 percent in August, the fastest pace since February this year and beating expectations, official data showed on Monday. Trump says new Chinese tariffs mean small crossover can be built in the States, Blue Oval responds with "yeah, nah". Ford originally planned to make the next gen Focus Active - a cross hatchback version of the standard Focus to Mexico but changed those plans to make the economy auto in China instead. (more...)
Ford says it's still making hatchback overseas despite President Trump's tweet Ford says it's still making hatchback overseas despite President Trump's tweet
- September 11, 2018

Trade Representative Robert Lighthizer was revealed, detailing all the products that would be affected by the president's proposed tariffs on $200 billion worth of imported Chinese goods. It will continue to sell the vehicle outside the states. Demand for small cars in the US has been waning for years with relatively low gasoline prices and a shift from cars to SUVs and trucks. (more...)
Petrol, diesel prices scale new highs on rupee woes Petrol, diesel prices scale new highs on rupee woes
- September 11, 2018

Bharat Bandh evokes mixed response in Punjab, Haryana The nationwide call of Opposition-sponsored "Bharat Bandh " against rising fuel prices evoked a mixed response in Punjab, Haryana and Union Territory Chandigarh. Two, it insulates fuel prices from competitive politics. On top of this, states levy Value Added Tax (VAT) - the lowest being in Andaman and Nicobar Islands where 6 per cent sales tax is charged on both the fuels. (more...)
Apple could be tax free if it makes products in the US
- September 10, 2018

Following Ford's decision not to import the Focus Active from China, President Donald Trump took to Twitter to claim that the tariffs on Chinese imports mean the Focus Active can now be built in the United States. " Apple prices may increase because of the massive tariffs we may be imposing on China", Mr Trump tweeted , "but there is an easy solution where there would be ZERO tax, and indeed a tax incentive". (more...)
Naidu To Reduce VAT On Petrol, Diesel?.. Naidu To Reduce VAT On Petrol, Diesel?..
- September 10, 2018

In Kolkata, the price of petrol has been increased to ₹83.61 per litre while the diesel price has gone up to ₹75.68 per litre. According to petroleum dealers in the State, compared to Friday's price, petrol on Saturday cost 41 paise more while diesel price rose 48 paise a litre. (more...)
China vows to respond if US takes new steps on trade China vows to respond if US takes new steps on trade
- September 10, 2018

Asian investors were jittery after Trump said on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods in addition to the $200 billion already facing the risk of duties. (more...)
Elon Musk smokes weed on the Joe Rogan Experience Elon Musk smokes weed on the Joe Rogan Experience
- September 10, 2018

Musk said before smoking the joint. "You probably can't because of stockholders", Rogan joked , to which Musk reasoned, "I mean it's legal, right?" "Come on man", Mr. The Tesla's chief accounting officer, Dave Morton , resigned Tuesday after only a month on the job. Since the start of the year, 41 executives have left, according to CNBC . (more...)
Alibaba's Jack Ma to step down in a year Alibaba's Jack Ma to step down in a year
- September 10, 2018

According to the Bloomberg Billionaires Index , Ma now has a net worth of around $40 billion. He is a permanent member of the Alibaba Partnership. Mr. Alibaba also has investments in sports content, microchips and facial recognition technology and has been positioning itself as a serious player in cloud computing. (more...)
CBS Chairman Steps Down Amid Sex Scandal CBS Chairman Steps Down Amid Sex Scandal
- September 10, 2018

National Amusements will appoint six new independent directors to the CBS board, including former Time Warner CEO Richard Parsons. The impending shakeup may position CBS for a sale. Nevertheless, seeing him depart CBS on anything less than his own terms marks a stunning end to that legacy - and to what has been, in an industry known for tumult and revolving doors in corporate suites, a historic executive run at a single network. (more...)
Economy adds 201K jobs in August, unemployment holds at 3.9 percent Economy adds 201K jobs in August, unemployment holds at 3.9 percent
- September 10, 2018

The U.S. economy averaged 215,000 jobs a month in the first half of the year, a sign companies continue to grow and don't anticipate a downturn anytime soon. But retail payrolls fell 5,900 and government shed 3,000 jobs. The August figure has been revised upward in six of the past seven years. Wholesalers added 22,400 jobs. (more...)
Windsor's unemployment rate rises, drops in Chatham-Kent Windsor's unemployment rate rises, drops in Chatham-Kent
- September 09, 2018

The Canadian economy unexpectedly shed over 50,000 jobs in August due to losses in part-time work, Statistics Canada data showed on Friday, but investors still expected the Bank of Canada to raise interest rates next month. The data also showed part-time work plunged 92,000 or 2.6 percent in the month - most of that in Ontario - while full-time employment was little changed. (more...)
CBS Shares Rebound After Report CEO Les Moonves Is Negotiating Exit Package CBS Shares Rebound After Report CEO Les Moonves Is Negotiating Exit Package
- September 09, 2018

Mr. Moonves, who faces an ongoing investigation into numerous allegations of sexual harassment, has been talking to the board about an exit that would include a payout for far less than the $180 million stipulated in his employment agreement, according to three unnamed sources who spoke to the Times. (more...)
Burberry stops burning unsold goods and using real fur Burberry stops burning unsold goods and using real fur
- September 08, 2018

London designers have rejected real fur, and no one will be using it on the London Fashion Week catwalks for the spring 2019 season. In July, a report on Burberry earnings showed that the company destroyed its unsold clothes, accessories as well as perfume worth over £28.5 million during 2017 in order to protect the brand. (more...)
Sanctions: Trump tells Apple to move production from China to US Sanctions: Trump tells Apple to move production from China to US
- September 08, 2018

That list includes some consumer products, like cameras, luggage and tires and they'd be subject to tariffs of 10-25 percent. The US comment period on $200 billion of proposed tariffs ended yesterday. They say a full-blown trade war by 2021 could shrink America's annual economic output by an average of one-third of a percentage point and China's by two-tenths of a percentage point from 2019 through 2021. (more...)
Could 'soon' impose tariffs on $200bn in Chinese goods, says Trump Could 'soon' impose tariffs on $200bn in Chinese goods, says Trump
- September 08, 2018

The Trump administration is reportedly considering using an Obama-era executive order to slap new sanctions on Chinese entities using cyberattacks to steal US intellectual property. His comments, which contradicted the more diplomatic remarks earlier Friday from his top economic adviser, sent the stock market plunging amid fears of the economic damage that could result from the multi-front trade war he pursues. (more...)
With steepest hike in year today, petrol, diesel prices at record high With steepest hike in year today, petrol, diesel prices at record high
- September 07, 2018

In Mumbai, petrol was sold at Rs 86.91 at petrol pumps, while diesel costed vehicle owners Rs 75.96 per litre. Since mid-August, petrol price has risen by Rs 2.85 a litre and diesel by Rs 3.3 per litre as rupee hit record low against the U.S. (more...)

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