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Economy

When Mr Trump then extended those tariffs to a further $200 billion of goods in September, Beijing promptly hit back with tariffs on a further $60 billion of USA goods. U.S. Vice President Mike Pence also accused Beijing last week of seeking to interfere in the U.S. midterm elections to be held next month. Trump said Thursday that his tariff strategy was working.
  • National Coffee Day: Where To Find Deals Today

    National Coffee Day: Where To Find Deals Today

    Economy

    Here's where you can find National Coffee Day deals and freebies on Saturday. If not, now you do, and you're going to be rewarded for that knowledge. A few days after removing "Donuts" from its official name, Dunkin' will give you a free coffee when you buy one of equal or lesser value on National Coffee Day on Saturday.
  • Elon Musk steps aside as Tesla agrees to $40m fine

    Elon Musk steps aside as Tesla agrees to $40m fine

    Economy

    Tesla CEO Elon Musk and the electric vehicle company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.
  • Volunteering for Tesla in delivery hell

    Volunteering for Tesla in delivery hell

    Economy

    Earlier this month, Elon said Tesla's most pressing issues had moved from producing vehicles to delivering them , though he said delivery issues were easier to fix and would be solved soon. In the August letter to shareholders, Musk said the automaker expects to become both sustainably profitable and cash-flow positive in the second half of 2018 for the first time in its 15-year history.
  • Trump says refused to meet Canada's Trudeau at UN

    Economy

    The comments also mark a new low in relations between the two leaders. Canada is not making concessions needed to reach a deal with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top USA official said on Tuesday.
  • Trump sets implied oil price target below $80: Kemp

    Trump sets implied oil price target below $80: Kemp

    Economy

    BofAML has a price target for Brent at $95 per barrel by the end of the second quarter 2019. J.P. Morgan says per cent sanctions on Iran could lead to a loss of 1.5 million bpd, while Mercuria warned that as much as 2 million bpd could be knocked out of the market.
  • Saudia Arabia and Russia SNUB Trump's call to boost output

    Saudia Arabia and Russia SNUB Trump's call to boost output

    Economy

    MAJOR oil trading houses are predicting the return of $100 crude for the first time since 2014, as the Organization of the Petroleum Exporting Countries (Opec) and its allies struggle to compensate for U.S. Longer-term, oil demand is expected to increase by 14.5 million bpd to reach 111.7 million bpd by 2040, slightly higher than last year's forecast.
  • Versace sale could be imminent: Corriere della Sera

    Versace sale could be imminent: Corriere della Sera

    Economy

    Versace is reportedly set to be snapped up by USA fashion group Michael Kors in a $2bn (£1.5bn) deal. The Versace family will continue to have a role in the company under any agreement, they said. "I can't tell you whether he is going to sell dresses for $100 or $300, but I can tell you he is going to find a way to reach a lot more customers by broadening its playing field", Weber says.
  • Iran to veto OPEC decisions harming its interests

    Iran to veto OPEC decisions harming its interests

    Economy

    The OPEC monopoly must get prices down now!" he tweeted ahead of an OPEC meeting to discuss production on Sunday. Before the EIA report, benchmark West Texas Intermediate (WTI) crude for October delivery traded up about 1%, at around $70.40 a barrel, and it was unchanged shortly after the report's release.
  • London mayor calls for second referendum on Brexit

    London mayor calls for second referendum on Brexit

    Economy

    Mrs May has repeatedly said that the only alternative to her Chequers plan is a no deal scenario, an outcome with International Monetary Fund said could be disastrous for the UK's economy. Mrs May also warned that the only alternative to Parliament passing her proposals would be no-deal. "I think Parliament will vote for a deal because I think people will see the importance of a deal that maintains a good trading relationship with the European Union but also maintains good cooperation in ...
  • 9/11 anniversary gives perspective to NAFTA impasse: Freeland

    9/11 anniversary gives perspective to NAFTA impasse: Freeland

    Economy

    As the two nations' chief negotiators prepared to resume their talks in Washington Tuesday, dairy producers suggest this deal is a line in the sand for them. Trump sounded a more upbeat note earlier, and said he expected to know whether a deal could be struck to include Canada in the next few days. Under U.S.
  • BA says notified customers as soon as possible after data breach

    BA says notified customers as soon as possible after data breach

    Economy

    While British Airways has not publicly revealed how it was exploited, Leigh Anne Galloway, cyber-security resilience lead at Positive Technologies, told eWEEK in an email that the fact that the attack exploited vulnerabilities on BA's website and app gives us a picture of how the data breach occurred.
  • Mercedes takes on Tesla with fully-electric SUV ZlotoNews

    Mercedes takes on Tesla with fully-electric SUV ZlotoNews

    Economy

    It is faster still with DC charging - which is standard for the EQC - for example via CCS (Combined Charging Systems) in Europe and the USA. The EQC's estimated range is lower than the stated ranges from upcoming competitors like the Jaguar I-Pace (up to 240 miles) and Audi e-tron (over 248 miles), which are expected to arrive at USA dealerships later this year and in 2019, respectively.
  • McDonald's customers create fake poster to hang in restaurant promoting racial diversity

    McDonald's customers create fake poster to hang in restaurant promoting racial diversity

    Economy

    The best way to do this, they figured, was for Maravilla to disguise himself as a McDonald's employee. Maravilla and his friend Christian Toledo cooked up a plan. Remember, folks: all races deserve recognition. After the incident McDonald's applauded the duo for their creativity. They found a "natural environment" that looked similar to the locations used for the existing photos, and took a picture similar to the ones they had seen inside the restaurant.