Economy

European Union retaliates against Trump’s metal tariffs

European Union retaliates against Trump’s metal tariffs

Beijing has pledged retaliation and Trump has threatened to push harder in response, saying that there could be tariffs on up to $450 billion of imports from China, close to the $500 billion of goods ...

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The burgeoning US-China trade war has entered a new phase

The burgeoning US-China trade war has entered a new phase

Spreadbetters expected Britain's FTSE to open down 0.3 percent, with Germany's DAX seen shedding 0.7 percent and France's CAC losing 0.8 percent. The latest round of tariffs comes in retaliation ...

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Saudi Arabia: Deal can be done this week to boost oil supply

OPEC ministers arrived in Vienna today for crunch talks on whether to reverse a landmark pact curbing oil output, with Iran pushing back against Saudi and Russian calls to ramp up production agai...

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In tit-for-tat, Trump threatens more tariffs against China

And now he has them. They buy shoes and they wear them. But the latest round outdoes them all. In the latest move in a nascent trade war, President Trump announced Monday evening that he was...

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Starbucks closing 150 stores

Starbucks closing 150 stores

Coffee retail giant Starbucks announced Tuesday its plan to close approximately 150 stores across the United States as a result of "slow growth", sending the Seattle-based corporation's stock prices...

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Google Just Made a Huge Investment in JD.com. Here's Why

Google Just Made a Huge Investment in JD.com. Here's Why

As part of the deal, Google will sell JD.com products via Google Shopping . JD.com is a Fortune Global 500 company and China's biggest e-commerce site by revenue, making it a flawless match for s...

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Audi CEO arrested in connection to the Volkswagen emissions scandal

Audi CEO arrested in connection to the Volkswagen emissions scandal

Volkswagen first admitted in 2015 of using software to cheat on US emissions tests. The prosecutors' office last week widened its emissions-cheating probe against Audi to include Stadler among t...

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Federal Bureau of Investigation report: Anti-Trump texts 'cast a cloud' over email probe

Federal Bureau of Investigation report: Anti-Trump texts 'cast a cloud' over email probe

It criticized the FBI and former director James Comey personally but did not find evidence that political bias tainted the investigation in the months and days leading up to Trump's election. The i...

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Police kill 2 men in downtown Kansas City public square

Police kill 2 men in downtown Kansas City public square

Wyandotte County sheriff's deputy Patrick Rohrer was shot and killed in Kansas City, Kansas, June 15, 2018 . He also says he doesn't know if the woman had exited the shed or was shot while still in...

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European Central Bank to end bond buying

European Central Bank to end bond buying

The ECB's move towards ending QE comes a day after the US Federal Reserve made a decision to raise interest rates for the second time this year, and hinted at further rises. European Central Bank ch...

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Elon Musk wins improbably cheap bid to dig a tunnel through Chicago

Elon Musk wins improbably cheap bid to dig a tunnel through Chicago

Mayor Rahm Emanuel of Chicago previous year called for proposals for the project which include designing, building, funding, operating, and to maintain the O'Hare Express operating system via a pu...

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Fed raises key rate and sees possible acceleration in hikes

Fed raises key rate and sees possible acceleration in hikes

The dollar approached a three-week high against the yen and stood tall against the euro on Wednesday ahead of the Federal Reserve's policy meeting, which could give clues on how many more rate h...

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Fed Raises Rates and Signals Faster Pace in Coming Years

Fed Raises Rates and Signals Faster Pace in Coming Years

Should inflation eventually pick up, the Fed might move to tighten credit more aggressively. It is the seventh time the bank has raised rates since 2015. The Fed said its policy of further gradual...

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Saudis, Russia to Talk Output Boost Ahead of OPEC Summit

Trump tweeted on Wednesday : "Oil prices are too high, OPEC is at it again". Trump tweeted in April. However, oil dipped on Wednesday amid speculation that the deal may be revised following repor...

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Amazon Offering Free 2-Hour Whole Foods Delivery To Boston Prime Members

Amazon Offering Free 2-Hour Whole Foods Delivery To Boston Prime Members

Commenting on the news, A.C. Gallo, president and chief operating officer at Whole Foods Market said, "Based on the positive customer feedback and successes we've seen over the past month, we're accel...

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Tesla layoffs: Elon Musk says job cuts required to fuel profits

Tesla layoffs: Elon Musk says job cuts required to fuel profits

Musk tweeted screen shots of his company-wide email announcement stating the reorganization that is underway is hard but necessary. In his email, Musk said the layoffs primarily affected salaried ...

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Navarro apologizes for harsh comment about Canada PM

Navarro apologizes for harsh comment about Canada PM

At an event hosted by the Journal , Navarro said he had made a mistake, according to the newspaper. "The problem was that in conveying that message I used language that was inappropriate", he ...

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Domino's Pizza delivering pothole repairs to a town near you

Domino's Pizza delivering pothole repairs to a town near you

Domino's Pizza has a new menu item: asphalt. Domino's announced it had already worked to fix roads in Burbank, Calif.; Bartonville, Texas; Milford, Del.; and Athens, Ga. Domino's has created an i...

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'Disappointing': Experts React To The United States-North Korea Summit

Beijing's participation in the penalties is a key to keeping them in play against Kim's regime. On Monday night's The Ingraham Angle , Wallace said that it's "almost surreal" to see Trump and Kim, ...

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Federal Judge Approves AT&T Time Warner Merger

Federal Judge Approves AT&T Time Warner Merger

The judge put no conditions on the deal. Disney has a deal to buy the bulk of Fox , but Comcast is now expected to make a counterbid, especially with the favorable ruling for AT&T . He said AT&T p...

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Meeting with Kim Jong Un was 'very, very good'

Meeting with Kim Jong Un was 'very, very good'

Kim was heard telling Trump through a translator: "I think the entire world is watching this moment". Trump planned to speak to reporters after concluding the summit, the White House said. "The ent...

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Trump, Trudeau trade fight: Map of Canada exports to US

Trump, Trudeau trade fight: Map of Canada exports to US

This year's annual G7 summit was marked by tensions and harsh words exchanged between President Donald Trump and other world leaders over trade. President Trump called him "very dishonest and...

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Kim Jong Un Suprises Crowds With Late-Night Tour In Singapore

Kim Jong Un Suprises Crowds With Late-Night Tour In Singapore

Trump and Kim are set to meet on Tuesday at the Capella Hotel on Sentosa for talks which could see North Korea dismantle its nuclear arsenal in return for economic help and security guarantees. US...

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'A changed era': How North Korea is reporting the summit

'A changed era': How North Korea is reporting the summit

Talks proceeded at multiple levels, including logistical discussions to allay Kim's fears of being deposed while traveling further afield than he ever has before as the country's leader. but in the e...

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Trump's Chief Economic Adviser Says Justin Trudeau "Stabbed Us in the Back"

President Donald Trump shakes hands with Canada's Prime Minister Justin Trudeau in a bilateral meeting at the G-7 summit in in Charlevoix, Quebec, Canada, June 8, 2018. This followed two days of...

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Ghana Football Association dissolved amid corruption allegations

Ghana Football Association dissolved amid corruption allegations

Nyantakyi to the Criminal Investigations Department and has been subsequently charged with defrauding by false pretense. He also apologised to Vice President Dr Mahamadu Bawumia, ministers and deput...

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BT boss Gavin Patterson to step down

BT boss Gavin Patterson to step down

Patterson, who has run BT for nearly five years, announced 13,000 job cuts last month in an attempt to get to grips with a host of problems including intense competition, an underperforming IT service...

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Singapore diplomat: 'All systems go' for Trump-Kim summit

Singapore diplomat: 'All systems go' for Trump-Kim summit

According to BBC, before setting off, US President Trump described the summit as a "one-time shot" at peace and said the two were in "unknown territory in the truest sense". The historic summit ...

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Verizon CEO McAdam retiring, Vestberg named successor

Verizon CEO McAdam retiring, Vestberg named successor

The company says that this change will have Hans Vestberg taking over as CEO on August 1, 2018. McAdam is retiring this year, and once he does retire, he will transition into the non-executive chairma...

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Donald Trump says Russian Federation should be be allowed to rejoin G7

Or we'll stop trading with them. Canadian Foreign Minister Chrystia Freeland said she held talks at the summit with US Trade Representative Robert Lighthizer over Nafta, US tariffs on steel and ...

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