Money

by | July 17, 2018 | 22:10

She said others were planning to try and bring down a bill that was essential to enable Britain to prepare for life outside the European Union, which would "risk our ability to make the necessary preparations for a no deal". Ahead of the vote, Tory MPs were told a defeat would lead to a vote of no confidence in the government, sources told the BBC's John Pienaar. Tory Remainer Anna Soubry suggested Mr Rees-Mogg was now "running Britain", while Labour MP Stephen Kinnock accused the Prime ...

by | July 17, 2018 | 11:10

The company reported quarterly revenue of $3.91 billion and earnings per share of 85 cents. Shareholders and analysts now have the job of weighing whether the slowdown is a blip or a longer-term problem. The company will spend as much as $8bn on programming this year. Profit was a bright spot in the latest quarter, but not by enough to reassure investors.

by | July 17, 2018 | 00:44

He said Europe, China, the USA and Russian Federation had a "common duty" not to destroy the global order but to improve it by reforming worldwide trade rules. The EU has been careful not to side with China on the trade dispute. Beijing has said it would retaliate for that, and on Monday the Commerce Ministry said it had added the $200 billion tariff threat to existing WTO complaints which it has lodged against Washington.

by | July 17, 2018 | 00:35

At one point, the retailer had offered more than 350 items under the Ivanka Trump banner, everything from apparel, shoes and jewelry ranging in price from $25 up to nearly $14,000. While Ivanka Trump has resigned from her management roles at the company that bears her name, financial disclosures show that she made more than $5 million from it a year ago.

by | July 16, 2018 | 16:26

If you want in on the action early, Amazon is now offering some deals and giveaways on their own product line. It has sparked the launch of similar shopping events from rival retailers like Target , Walmart and J.C. There's no way to know if those trends will continue this year, but rest assured that if you miss a deal during Prime Day, chances are good it'll come around again - and maybe at an even lower price.

by | July 16, 2018 | 12:59

Both Amazon and Flipkart are launching their respective sales on Monday. Last year, Amazon Prime Day sale witnessed an overwhelming response from the buyers, and now the company is promising to offer even better discounts to ensure a higher number of buyer turnout.

by | July 16, 2018 | 11:10

The Elon Musk story took a freakish turn Sunday morning, as the world famous entrepreneur took to Twitter to suggest a critic of his submarine rescue plan is a pedophile . Mr usk had earlier provoked condemnation by tweeting that the head of the rescue mission, who had described the use of the submarine pod prototype as "not practical ", was not really in charge of the operation.

by | July 16, 2018 | 07:03

The punishment came after the company made false statements about disciplining 35 employees involved with violating us sanctions and illegally shipping USA -origin goods to Iran and North Korea , Commerce officials said. The new agreement once again imposes a denial order that is suspended, this time for 10 years, which BIS can activate in the event of additional violations during the ten-year probationary period.

by | July 15, 2018 | 23:24

Forbes has reported that Inside EVs suggest that the Model Y may prove to be even more popular than Tesla's Model 3, with a possible price range of around $45,000, although this is purely speculation at this point as no price has yet been announced.

by | July 15, 2018 | 07:40

If last year's deals are any indication, we can expect big discounts on a few noteworthy items like Nintendo Switch, Instant Pot, laptops, Amazon Echo and Kindle. Amazon Prime yearly subscription is now $119, with benefits including free and faster delivery times, access to Amazon's streaming services, and Prime-specific discounts.

by | July 15, 2018 | 07:21

The logos for Time Warner and AT&T appear in June above trading posts at the New York Stock Exchange. The DoJ gave notice to the court of its attention to appeal but has yet to file arguments. David McAtee, AT&T general counsel, said the company was surprised by the Justice Department move and would defend the court's approval. The DOJ appeal - and its potential success - could threaten AT&T's plans to deliver new video offerings such as AT&T WatchTV, a broadband-delivered video ...

by | July 14, 2018 | 21:30

After many Bonus Club members were turned away at the stores due to overwhelming demand, Build-A-Bear is making vouchers available to members in the USA and Canada who log into their accounts by midnight on Sunday. The Build-A-Bear Workshop in Norwich were forced to shut early after a bargain deal had customers in line for six hours. "I forgot that the mall actually opens early for mall walkers so I think a lot of people got there earlier than we did".

by | July 14, 2018 | 17:54

This prompted Beijing to accuse Washington of launching the "largest trade war" in economic history, while immediately matching the U.S. tariffs dollar for dollar. In the first half of the year, Chinese exports to the USA increased 13.6 percent as compared to the same period in 2017, while imports from the US only rose 11.8 percent.

by | July 13, 2018 | 10:11

Food Standards Australia and New Zealand have recalled nine products - a mix of corn, carrot, pea and broccoli ranges - that originated from Britain, Belgium and Hungary. However, listeria can also be found in ready to eat foods that have been contaminated during processing. The patient - who had another serious illness - died earlier this year, Victoria's health department said.

by | July 12, 2018 | 20:48

The country supplied 18.4 million tonnes of crude oil between April 2017 and January 2018, but latest figures showed India's oil imports had declined by 15.9% in June, the first month after the U.S. Trump swipes at NATO spending ahead of summit Pompeo offers support for Taliban peace talks during surprise Afghan visit Trump: China may be exerting "negative pressure" on North Korea MORE ramped up his warnings to Iran on Tuesday, saying that the USA and its Gulf Arab allies would pay a ...

by | July 12, 2018 | 16:43

Tariffs imposed by the United States on Chinese products now vary between 10-20%, depending on the goods in question. The Chinese foreign ministry said Washington's threats were "typical bullying" and described the dispute as a "fight between unilateralism and multilateralism".

by | July 12, 2018 | 14:15

Presidential decrees said the central bank governor would no longer have the power to appoint his deputies while Erdogan would now directly name the governor with no need to act in tandem with the government. Its commentator Asli Aydintasbas wrote: "I don't think it would be an exaggeration to say that we entered a "second republic" era", after the republic set up by Turkey's secular founder Mustafa Kemal Ataturk.

by | July 12, 2018 | 12:56

The American pay-TV group gatecrashed Murdoch's attempt to buy the 61 per cent of Sky his group did not already own in February, when Fox was firmly stuck in the regulatory process. The British government is expected to finally allow Fox, which is run by Rupert's son James, to buy Sky this week, after the USA group agreed to sell Sky's award-winning news channel to Disney to prevent Murdoch from owning too much of the British media.

by | July 12, 2018 | 03:27

The trade confrontation between Washington and Beijing has been escalating for months, despite Trump's repeated statements that he has a good relationship with China's President Xi Jinping. Some US business groups and senior lawmakers were quick to criticise the move. That's why Trump can slap tariffs on them just because he feels like it.

by | July 11, 2018 | 21:48

EDT on Friday. Trump discussed the trade war Thursday with journalists who flew with him to Montana for a campaign rally. The total value of the United States tariffs on China amounts to $50bn, though they will come into effect in two tranches, with the first round covering 818 products worth about $34bn having come into force on Friday.

by | July 11, 2018 | 15:57

Iran's oil minister on Saturday accused US President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of US pressure. Iran plans to reduce its global trade relations only to countries that buy its crude oil, an Iranian MP told Iranian media. Iran, OPEC's third-largest producer, is facing United States sanctions on its oil exports that are prompting some buyers to cut purchases.

by | July 11, 2018 | 05:10

European companies that export from China are changing the global flow of their goods to avoid higher American tariffs, a business group said Tuesday, as the impact of the U.S. The list of goods targeted by the tariffs has not been made public or approved yet, but the official cited by CNBC said that parts of it target the country's "Made in China 2025" initiative to boost key industries such as technology.

by | July 10, 2018 | 23:53

Erdogan won an absolute majority in the presidential election with 52.5% of the vote, according to Turkey's Supreme Election Council (YSK). Erdogan took the oath in the capital Ankara, at the Grand National Assembly, chaired by Acting Parliament Speaker Durmus Yilmaz.

by | July 09, 2018 | 23:48

US energy companies last week increased the number of rigs drilling for oil by five to 863, up 100 year-on-year, General Electric Co's (GE.N) Baker Hughes energy services firm said in its closely followed report late on Friday. That came after an outage at a major Canadian oil sands facility cut regional supply. The cancellations mean South Korea will import no Iranian oil in August, the first month of zero imports since August 2012 when South Korean buyers put Iranian oil purchases on ...

by | July 09, 2018 | 18:41

These now come with drinks like the Starbucks Draft Nitro and Cold Foam, and will come with the Salted Cream Cold Foam Cold Brew to be released on Tuesday. The announcement from McDonald's followed an April proposal by the United Kingdom government to ban plastic straws in the country. Oakland and Berkeley, California, and other cities have also banned the use of disposable straws.

by | July 08, 2018 | 22:29

June's moderate wage growth should, for now, allay fears of the economy overheating. DePratto stressed he didn't see anything in the jobs report to deter Poloz from hiking the rate next week. Average hourly earnings gained five cents, or 0.2 percent in June after increasing 0.3 percent in May. The Federal Reserve on Thursday reported some businesses had already scaled back or postponed planned investment because of the trade struggles and warned that many more promise to do more if the ...

by | July 08, 2018 | 17:53

The broader USA economy appears to be on sturdy ground. In Europe, the assault on working class wages and conditions has primarily taken the form of brutal austerity policies to slash social programs and increase the tax burden of workers to pay for the subsidies offered to European banks.

by | July 08, 2018 | 15:23

The administration imposed 25 percent duties on $34 billion of imports from China, the first in a series of potential increases. Beijing hit back on Friday with tariffs worth $34bn and has said it will match Trump's $50bn threat. But, the longer the trade war goes on, the more severe the impact could become, the spokesperson said. While Bank of America Merrill Lynch analysts said the chances of the trade war escalating were "modest", it couldn't rule out "a full-blown, ...

by | July 07, 2018 | 11:47

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $74.60 a barrel at 0044 GMT, up 46 cents, or 0.6 percent, from their last settlement. A USA government report also weighed on prices this week, by crude stockpiles rose 1.3 million barrels and showing unexpectedly ample supplies after analysts had forecast a decline.

by | July 07, 2018 | 03:58

The Fuzhou Intermediate People's Court issued a preliminary sales injunction against Micron that prevents it from selling 26 semiconductor products, including DRAM and NAND flash memory chips, in China, contract chip manufacturer UMC said in a statement late on Tuesday.

by | July 07, 2018 | 02:52

The Customs and Border Protection's website confirmed on Thursday that the new tariffs on Chinese goods will take effect Friday at 12:01 a.m. Gao said China's foreign trade was expected to continue on a stable path in the second half of the year, though investors fear a full-blown Sino-American trade war would deal a blow to Chinese exports and its economy.

by | July 06, 2018 | 13:54

He said he supports the continued renegotiation of NAFTA and wants his own team of experts to be part of the talks before he takes office December 1. A cosier, more modest Fourth of July party than usual is scheduled for the USA ambassador's residence in Ottawa tonight - and the decision by some to steer clear will make it even smaller than planned.

by | July 06, 2018 | 05:16

Major state-owned Chinese banks were seen swapping yuan for dollars in forwards and immediately selling them into the spot market to prop up the Chinese currency, four traders said. He said that the bank is closely watching the foreign exchange market's recent fluctuations due to a strengthening dollar and external uncertainties.

by | July 05, 2018 | 20:55

West Texas Intermediate, the USA benchmark for the price of oil, was up 1.51 percent to $75.06 per barrel, its highest level since November 2014. The announcement comes several days after S President Donald Trump claimed that the monarchy has agreed to raising the oil output to take on Iran and Venezuela .

by | July 05, 2018 | 16:32

French police said Mr Wang fell some 15m off a wall, and they were not treating his death as suspicious. He suffered a fall on the trip, HNA said, but did not reveal any further details. "Wang Jian had a hereditary heart disease, and he had undergone heart surgery before", the source told Caixin. But HNA came under pressure a year ago as Beijing cracked down on the risky debt-fuelled financing that enabled its expansion.