Economy

China warns against blackmail as Donald Trump considers higher tariffs

Erin Ennis, senior vice president of the US China Business Council, said a 10 per cent tariff on these products is already problematic, but more than doubling that to 25 per cent would be much worse...

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'Quiet Skies' TSA surveillance team targets Americans on domestic flights without warrant

'Quiet Skies' TSA surveillance team targets Americans on domestic flights without warrant

The bulletin indicates the program is meant to diminish threats to commercial flights posed by "unknown or partially known terrorists". Teams of air marshals have compiled data on the behavior of th...

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Trump threatens to increase tariffs on China; China calls it ‘blackmail’

Trump threatens to increase tariffs on China; China calls it ‘blackmail’

U.S. President Donald Trump's administration imposed 25 per cent tariffs on $34 billion in Chinese goods July 6 and sources say more penalties could come. "Given the scope of the products covered, a...

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Loans to get costlier as RBI hikes repo rate again

Loans to get costlier as RBI hikes repo rate again

Standard Chartered Bank chief executive officer (India) Zarin Daruwala said, "The 25 basis points hike reaffirms RBI's commitment to bringing CPI inflation to 4 per cent on a durable basis". RBI in it...

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Tesla flags promise of profit as Model 3 production steadies

Tesla flags promise of profit as Model 3 production steadies

Tesla shares climbed more than 9% in after-hours trading. The U-turn came after Tesla reported it burned through less cash than analysts' feared last quarter and stood firm with Musk's projecti...

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United States hits Turkish ministers with sanctions over pastor Andrew Brunson

United States hits Turkish ministers with sanctions over pastor Andrew Brunson

The Treasury's sanctions, called "designation packages", already include Turkey's justice minister and interior minister. One proposed bill would restrict loans from worldwide financial institutions...

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Japan's central bank makes policy adjustment as inflation target remains far-flung

Japan's central bank makes policy adjustment as inflation target remains far-flung

The greenback had pared some of its gains about two hours after the decision, trading 0.2 percent higher at 111.30 yen. The BOJ pledged to maintain its short-term interest rate target at minus 0.1 p...

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Salads, wraps at Trader Joe’s, Walgreens recalled due to possible parasite contamination

Officials say the products were also sold at Kroger and Walgreens stores. The FSIS urges consumers who have purchased these products to throw them away or return them to the place of purchase. T...

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Huawei overtakes Apple to become the second largest smartphone vendor

Huawei overtakes Apple to become the second largest smartphone vendor

Huawei shipped 54.2 million phones in the quarter, 41 per cent more than a year earlier, to jump ahead of the iPhone maker for the first time, the firm said. OnePlus has emerged as the market leade...

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Apple boosted by selling more expensive iPhones

Apple boosted by selling more expensive iPhones

The company closed the day with a valuation of $935 billionーits next closest rival, Amazon , ended the day at $867 billion. With a total market value of more than $US900 billion, Apple is ticklin...

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50 years on, McDonald’s isn’t messing with its Big Mac

50 years on, McDonald’s isn’t messing with its Big Mac

According to a news release from the company, the "first fully food-backed global currency" will be given to customers beginning August 2 when they purchase a Big Mac at over 14,000 participating rest...

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United Kingdom voters back referendum on final Brexit deal

United Kingdom voters back referendum on final Brexit deal

The poll indicated 40 percent opposed such a vote, while 10 percent did not know. In a re-run on membership tomorrow 45 per cent said that they would vote to remain, while 42 per cent would vote to ...

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Harley-Davidson confirms new 250-500cc motorcycle for India

Harley-Davidson confirms new 250-500cc motorcycle for India

The uniquely styled adventure bike, which is the first Harley Davidson of its kind, will be named the Pan America , and the company has some big plans for it. According to Harley Davidson , the bi...

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Homeless man gets more than 200 job offers after handing out resume

Homeless man gets more than 200 job offers after handing out resume

The sign piqued the curiosity of Jasmine Scofield, who posted a picture of it and Casarez to Twitter on Friday with a photo of Casarez's resumé. A homeless web developer handing out resumes at...

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Tech stocks lead a slide on Wall Street

Tech stocks lead a slide on Wall Street

Coca-Cola Co shares rose 1.8 percent after the beverage company's quarterly sales and profit beat estimates. U.S. stocks reversed direction to move into the red in early afternoon trade Friday as te...

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Our front page: US, EU pledge talks, not (more) tariffs -- and more

Our front page: US, EU pledge talks, not (more) tariffs -- and more

European Commission President Jean-Claude Juncker commented on the kiss with the American leader Donald trump during a meeting in Washington. After Juncker's visit to Washington on Thursday, Trump b...

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Nod for Disney's $71.3B acquisition of Fox entertainment

Nod for Disney's $71.3B acquisition of Fox entertainment

The deal, as covered by multiple sites , shaves off the news and sports businesses from Fox in exchange for the company's entertainment assets. One shareholder read an ode to Fox's executive chairm...

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Facebook's US$119 billion one-day loss makes USA history

Facebook's US$119 billion one-day loss makes USA history

Shares fell as much as 19.6 percent to $174.78, a decline that if sustained would wipe about $124 billion off the company's value - or almost four times the entire market capitalization of Twitter I...

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World's Oldest Man, 113, Shares His Formula for a Sweet Life

World's Oldest Man, 113, Shares His Formula for a Sweet Life

It is noted that she died in Yokohama. Referring to her as " the goddess ", her family described her as a very chatty and patient, kind person who brought happiness to those who met her. He spent mo...

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Facebook successful in breaking through China's social media ban

Facebook successful in breaking through China's social media ban

Facebook's main social network remains banned in China . An alternate explanation for the reversal, is that Facebook has been caught up in part of the ongoing trade war between the USA and China...

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Mexico and Canada insist NAFTA remain a trilateral trade deal

Mexico and Canada insist NAFTA remain a trilateral trade deal

U.S. Trade Representative Robert Lighthizer said on Thursday the United States is in the finishing stages of completing a deal to update NAFTA and plans to pursue free trade agreements in sub-Sa...

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Krispy Kreme celebrates 81 years with $1 for a dozen

Krispy Kreme celebrates 81 years with $1 for a dozen

Krispy Kreme announced the deal with a video starring Shaq. LOUIS- Doughnut-maker Krispy Kreme is buying a majority stake in Philadelphia-based Insomnia Cookies for an undisclosed sum. The headqu...

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Experts split over impact of US' truce with European Union on China row

Experts split over impact of US' truce with European Union on China row

The details of the deal brokered with European Commission chief Jean-Claude Juncker on Wednesday remain unclear and subject to differing interpretations, but the EU did ward off a new round of United...

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Trump calls Chinese trade practices ‘vicious’

Trump calls Chinese trade practices ‘vicious’

An unnamed official said the European Union sided with Mr Trump over the recent imposed tariffs on Chinese imports, and agreed to cooperate with the United States to end Beijing's unfair trade pra...

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MAC Cosmetics giving away free lipstick on Sunday

MAC Cosmetics giving away free lipstick on Sunday

Do you love lipstick? They want you to color your lips for National Lipstick Day! "We'll have stanchions at both stores so that people can line up", said Jarrin. If you didn't know, La Palmera opens...

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McDonald's worker body-slams woman customer who threw milkshake at her

McDonald's worker body-slams woman customer who threw milkshake at her

In a later video, posted to Facebook by Ms Dayag, the worker seems thrilled with her new found internet fame after the footage attracted nearly a million views on Facebook. The brawl has sparked wid...

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'I Dissent' - SEC Commissioner Slams Winklevoss' Bitcoin ETF Rejection

'I Dissent' - SEC Commissioner Slams Winklevoss' Bitcoin ETF Rejection

Also, cryptoanalysts predict that the price will spike at a steady pace. "This "overbought" condition becomes a bearish signal when a new high in price does not coincide with a new high in the RSI...

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Farmers applaud federal help but want trade deals done

Farmers applaud federal help but want trade deals done

Juncker's visit to Washington came during a rocky period in U.S. "That's not free trade, that's fool's trade, that's stupid trade and we don't do that kind of trade anymore". "His preferred remedy i...

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Touting trade breakthrough, Trump claims EU now 'open' to US farmers

Touting trade breakthrough, Trump claims EU now 'open' to US farmers

Iowa is among the nation's leading producers of soybeans, and the Northeast Iowa event came on the heels of the Agriculture Department's announcement of $12 billion in temporary aid to help farmers de...

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U.S. GDP Growth Hits 4.1% - Its Fastest Pace Since 2014

U.S. GDP Growth Hits 4.1% - Its Fastest Pace Since 2014

But housing, which has struggled this year, shrank at a 1.1 percent rate after an even bigger 3.4 percent decline in the first quarter. But since I like to play the provocateur - and because it's he...

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