Business


China's Ma reverses US job plan due to trade war
- September 20, 2018

The Alibaba ( BABA ) chief grabbed attention at the start of a year ago when he made the ambitious jobs pledge following a meeting with Donald Trump, who was president elect at the time. The US and China trade war could last 20 years, Alibaba founder Jack Ma said . Mr Ma pointed to business opportunities in other regions such as Europe, South America, Russia and Africa, Xinhua said. (more...)
Cathay Pacific turns typo on airplane livery into clever marketing strategy Cathay Pacific turns typo on airplane livery into clever marketing strategy
- September 20, 2018

It had just completed a journey to Hong Kong Wednesday from Xiamen, China , where Haeco provides airplane maintenance services for the airline. But the airline later saw the amusing side and tweeted: 'Oops this special livery won't last long! "Oops ... (more...)
The Devastating Reality Of The Strawberry Sabotage Crisis The Devastating Reality Of The Strawberry Sabotage Crisis
- September 19, 2018

But Dutton said he believed numerous 100 separate reports were hoaxes or copycats, and he was angry about the diversion of police resources to the matter. "Protect the public and keep them safe", Hunt told Australian Broadcasting Corp . So far there are no confirmed suspects or demands, he said, but that police are receiving information through Crime Stoppers and he encouraged anyone with information to come forward. (more...)
Free cheeseburgers! Where to find deals for National Cheeseburger Day Tuesday Free cheeseburgers! Where to find deals for National Cheeseburger Day Tuesday
- September 19, 2018

McDonald's gave away 100,000 free cheeseburgers last year but upped the ante this year to 200,000 freebies. Culver's: Individual locations may be offering special deals but there is no national offer. The offer, which is good only on September 18 from 7 a.m.to 10 p.m.at participating restaurants, also includes an additional side item, such as French fries, onion rings and hash browns. (more...)
McDonald's workers strike over sexual harassment policies McDonald's workers strike over sexual harassment policies
- September 19, 2018

Lead organizers include several women who filed complaints with the U.S. Equal Employment Opportunity Commission in May alleging pervasive harassment at some of McDonald's franchise restaurants. When she complained Harrell said her managers did not take it seriously and suggested there was some kind of relationship between the two and she should take it to the "next level". (more...)
May warns alternative to Chequers deal is no deal May warns alternative to Chequers deal is no deal
- September 19, 2018

However, the idea that European Union and non-EU migrants would get a level playing field in terms of immigration was the central plank on which numerous leading Brexiteers campaigned for a vote in favour of leaving the economic bloc. Environment Secretary Michael Gove has suggested any deal secured by Mrs May could be altered by a future leader. "We continue working in a spirit of good cooperation", Barnier told reporters. (more...)
President Trump Slaps China With Additional $200 Billion Tariffs President Trump Slaps China With Additional $200 Billion Tariffs
- September 18, 2018

The rate increases to 25 percent January 1. But Juscelino F. Colares, a scholar of global trade at Case Western Reserve University School of Law, said a get-tough posture from an American president was long overdue. Trump taking the steps to turn the screws on one of America's biggest trading partners, hoping more pain will bring the Chinese back to the bargaining table. (more...)
Stock futures cautious as White House expands tariffs on Chinese goods
- September 18, 2018

Washington remains open to negotiations but China must show it's seriously willing to make systemic economic changes, the senior administration officials said on Monday. "Today's announcement from the United States is a concerning development and we urge all parties to step back from further escalating tariffs and to tackle trade distorting subsidies or other issues". (more...)
Dena, Vijaya, BoB to merge and form country’s 3rd largest bank Dena, Vijaya, BoB to merge and form country’s 3rd largest bank
- September 18, 2018

Arun Jaitley , Finance Minister of India briefed the media and said that the merger has been conceived in such a way that the combined lender will not end up being weaker than the existing individual entities. Bank of Baroda shares fell over 11 per cent after earlier losing as much as 11 per cent in Tuesday's trade after the government announced its merger with smaller peers Dena Bank and Vijaya Bank, both of which gained. (more...)
Trump claims China tariffs successful Trump claims China tariffs successful
- September 18, 2018

Markets traded nervously, with the yuan lower against the dollar, Chinese shares mixed and S&P futures weaker. Trump also threatened to inflict more economic pain in the form of additional tariffs if Beijing takes any retaliatory action. Officials said they wanted to shield consumer goods from the taxes as much as possible. In a pair of early morning tweets, Trump hailed his combative trade policy as a boon to American economic health and said the United States steel industry, which the ... (more...)
USA imposes new $200bn tariffs on China
- September 18, 2018

Economists at UBS Group AG say even a 10 per cent tariff would slow the USA economy in the fourth quarter by enough to stop the Federal Reserve hiking interest rates again in December. "These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy", he said. After Apple's comments, Trump said in a tweet said that there was an "easy solution" for Apple to avoid tariffs. (more...)
China to cancel talks if Trump moves ahead with tariffs, sources say
- September 18, 2018

Still, Trump said tariffs had put the United States "in a strong bargaining position", alluding to upcoming talks with Canada in an attempt to complete a renegotiation of the North American Free Trade Agreement, and to a scheduled-but-tenuous round of talks with China next week. (more...)
Coca-Cola Considers Marijuana-Infused Beverage Coca-Cola Considers Marijuana-Infused Beverage
- September 17, 2018

CBD, or cannabidiol, is the ingredient in marijuana that may help some health problems like pain, inflammation and insomnia. Coca-Cola is eyeing the cannabis market, according to a Monday Bloomberg report . At the beginning of August, it was announced that Canadian brewer Molson Coors had struck a deal with The Hydropothecary Corporation, a Canadian cannabis producer, to launch a new standalone business which aims to develop "non-alcoholic, cannabis-infused beverages for the Canadian ... (more...)
Iran OPEC chief: 'Saudi and Russian Federation are taking oil market hostage' Iran OPEC chief: 'Saudi and Russian Federation are taking oil market hostage'
- September 17, 2018

Benchmark Brent crude was up 16 cents or 0.2 percent at $78.34 a barrel after falling 2 percent on Thursday. 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. (more...)
Salesforce CEO Marc Benioff to buy Time magazine for $190M
- September 17, 2018

Nearly eight months after Meredith finalized its purchase of Time Inc ., the publishing giant says it reached a deal to sell Time magazine to tech billionaire Marc Benioff and his wife Lynne Benioff. Through the deal with Benioff, Meredith will still provide "services such as consumer marketing, subscription fulfillment, paper purchasing and printing", according to the company. (more...)
Petrol crosses Rs 90-mark in 12 cities across Maharashtra, Pune next? Petrol crosses Rs 90-mark in 12 cities across Maharashtra, Pune next?
- September 17, 2018

Since the beginning of this month, petrol prices have risen by around Rs 3.35 per litre while diesel rates have gone up by Rs 3.57 per litre. The following cut in fuel prices come even after the petrol and diesel prices were increased in several parts of the country. (more...)
House prices could plummet due to no-deal Brexit, says Carney House prices could plummet due to no-deal Brexit, says Carney
- September 17, 2018

The decision to raise or cut rates after a chaotic Brexit would not be made by Mr Carney alone - it is the nine-person MPC that would decide. The Bank of England has kept its main interest rate on hold at 0.75 per cent as policymakers await developments in Britain's looming exit from the European Union. (more...)
Super Typhoon Mangkhut lands on south China coast Super Typhoon Mangkhut lands on south China coast
- September 17, 2018

Super typhoon Mangkhut , with hurricane-force winds well over 200 kilometres per hour (124 miles/h), had barrelled past the northern tip of the Philippines , killing at least 50 people. In China, all flights at Guangzhou International Airport were canceled from midday Sunday through Monday morning. The government and casinos took extra measures ahead of the storm, determined to avoid a repeat of Typhoon Hato which battered Macau a year ago, killing 12 people and drawing accusations the ... (more...)
Duke Energy shutting down Brunswick nuclear plant ahead of Florence Duke Energy shutting down Brunswick nuclear plant ahead of Florence
- September 17, 2018

Nuclear power plants have multiple and diverse layers of protection, including numerous mobile emergency pumps and electrical generators for backup power. "Those power plants are, one, obviously hardened". Bobby Brown, 50, with his granddaughter Lyric, 1, during a power outage in Florence, South Carolina, U.S., September 14, 2018. (more...)
Cannabis stocks have whiff of 2006 Cannabis stocks have whiff of 2006
- September 16, 2018

People with connections to Canada's nascent legal cannabis industry say they're increasingly concerned about the prospect of a lifetime travel ban from the United States. "But there is no question that we are working with USA officials; they have legalized marijuana in a number of their states, and we're trying to make sure that travel between our two countries (is) not disrupted". (more...)
Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents
- September 16, 2018

In a Facebook post, Joshua Gane said his friend swallowed "half a sewing needle" after biting into a strawberry. However, the Donnybrook farm strawberries are sold broadly across the country, in both Coles and Woolworths . "We want everybody to check their strawberries before consuming them ... just cut them up, have a look", Supt Lawrence said. "These strawberries are distributed in South Australia by Coles, Woolworths, IGA and Aldi". (more...)
E-cigarette, Juul use addressed by FDA in new actions E-cigarette, Juul use addressed by FDA in new actions
- September 16, 2018

In a order, they called for toughen for their bipartisan legislation , launched in July, which may perchance perchance presumably ban flavored cigars and situation stringent controls on e-juice flavorings. "I'll be clear. The won't tolerate a whole generation of young people becoming addicted to nicotine as a trade-off for enabling adults to have unfettered access to these same products", Dr. (more...)
How FEMA uses Waffle Houses in disasters How FEMA uses Waffle Houses in disasters
- September 16, 2018

The company's emergency response plan was set up in the wake of Hurricane Katrina, which destroyed seven Waffle House restaurants and forced 100 more to close in 2005. "Within the occasion that they're originate however luxuriate in a restricted menu, that is yellow ", he talked about. At least one Waffle House location - in Myrtle Beach, S.C. (more...)
Volkswagen to discontinue Beetle, Final Edition set for 2019 Volkswagen to discontinue Beetle, Final Edition set for 2019
- September 16, 2018

Demand for the Beetle and other hatchbacks like the Golf has come under pressure as customer appetite has shifted toward sport utility vehicles. The company said two special Beetle models will join the final lineup - Final Edition SE and Final Edition SEL - in the United States and would offer the driver-assistance technology. (more...)
BMW’s autonomous R 1200 GS motorcycle is a safety equipment testbed BMW’s autonomous R 1200 GS motorcycle is a safety equipment testbed
- September 16, 2018

Pushing its curiosity for motorcycle dynamics, the company created the self-riding R to help further its understanding of the motorcycle's behavior and how it could eventually receive rider-assist technologies. This week BMW Motorrad - the motorcycle division of the German auto company - showed a prototype driverless bike on a test track accelerating, navigating curves, and braking all on its own. (more...)
OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead
- September 16, 2018

Oil stocks at the Cushing, Oklahoma, delivery hub fell by 1.2 million barrels, EIA added. Meanwhile, EIA expected West Texas Intermediate (WTI) crude oil prices will average about 6 dollars per barrel lower than Brent prices in 2018 and in 2019. (more...)
'PREPARE TO DIE': Leftists' Heads Explode Over Trump Alert 'PREPARE TO DIE': Leftists' Heads Explode Over Trump Alert
- September 16, 2018

But it won't be a political message or attack on one of his perceived enemies-or at least, it's not supposed to be. It's not a political message, but an emergency test message sent from President Donald Trump as part of the Federal Emergency Management Agency's system to warn the public in cases of emergency, such as risky weather, and missing children. (more...)
JPMorgan’s Dimon backtracks after saying he could beat Trump JPMorgan’s Dimon backtracks after saying he could beat Trump
- September 15, 2018

I would be fine", Dimon said . Nonetheless, Dimon has acknowledged he would have no chance in a presidential election and said that he is committed to staying in his current job. Given the president's proclivity for calling out potential 2020 challengers online, Dimon may find himself on in the Twitter cross-hairs in the coming days despite his quick backtracking. (more...)
No import of Australian strawberry brands with needle contamination: AVA
- September 15, 2018

Donnybrook supplies Coles and Woolworths stores across Australia. "We really need the WA public to support local growers, because if they don't buy our strawberries, many may not be able to put in crops next year", he said. Police believe it may be the work of a former employee. South West grower and market agent Paul Da Silva, from Grower Connect, said the wholesale price had fallen 50 to 70 per cent, compared with a week ago, even though WA had not imported strawberries from Queensland ... (more...)
Seller of fake TripAdvisor reviews jailed in Seller of fake TripAdvisor reviews jailed in "landmark" case
- September 15, 2018

A criminal court in Italy sentenced the man to a nine-month jail stint over the ordeal, and he will have to pay $13,000. "Paid review fraud - when companies or individuals "sell" fake reviews to business owners - is a violation of the law in many jurisdictions, but this is one of the first cases of enforcement resulting in a criminal conviction", the company said in a statement . (more...)

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