Business

Business Top Democratic group launches effort to attack Republicans over Trump's trade agenda
Author: 0 Top Democratic group launches effort to attack Republicans over Trump's trade agenda

Asked about Kudlow's comments, China's foreign ministry spokeswoman Hua Chunying said: "That the relevant United States official unexpectedly distorted the facts and made bogus accusations is shocking and beyond imagination". The alliance seeks to conduct research on American political and economic trends, U.S. economic policies, and Sino-U.S. relations, specifically to gather intelligence on how to win the trade war.

Business European Union antitrust regulators fine Google record US$5 billion
Author: 0 European Union antitrust regulators fine Google record US$5 billion

President TrumpDonald John TrumpIran claims it rejected Trump meeting requests 8 times ESPY host jokes Putin was as happy after Trump summit as Ovechkin winning Stanley Cup Russian ambassador: Trump made "verbal agreements" with Putin MORE on Thursday lashed out at the European Union for imposing a record $5 billion antitrust fine on Google.

Business British FM urges MPs to rethink Brexit strategy
Author: 0 British FM urges MPs to rethink Brexit strategy

It said that it objected to the amendment because it requires the government to take "all necessary steps" to join, while the government wants to join only if it can negotiate reasonable terms. "I thought it was the right vision then, I think so today , ' he said". The entire trade bill passed by 31 votes and now moves to the House of Lords for further scrutiny before returning to the Commons for a final vote.

Business Inflation figures cast doubt over interest rate rise
Author: 0 Inflation figures cast doubt over interest rate rise

The Central Bank of England governor Mark Carney said earlier this month that the economy and wages are rising as the central bank expects to raise interest rates. "Transport [as a contributor to headline CPI] increased from 0.7 of a percentage point in May 2018 to 1.0 percentage points in June". Tom Stevenson, investment director at Fidelity International, said: 'June's unchanged inflation rate is a huge surprise.

Business Papa John's Founder: I Shouldn't Have Stepped Down
Author: 0 Papa John's Founder: I Shouldn't Have Stepped Down

Schnatter, who founded Papa John's in 1984, stepped down as chairman last week after it was revealed that he used the n-word during a media training call with the marketing agency, Laundry Service . Laundry Service has not commented on Schnatter's allegations and did not return the Daily Mail's request for comment. Same-store sales in North America, similarly, dropped 5.3 percent during the first quarter, as its lost ground to Domino's and Pizza Hut.

Business Papa John's founder throws shade at NFL, Roger Goodell
Author: 0 Papa John's founder throws shade at NFL, Roger Goodell

He also resigned from the U of L board of trustees, and the university chose to remove the company's name from what had been Papa John's Cardinal Stadium. He stepped down as company CEO past year after criticizing the NFL national anthem protests. And I don't want to do business with Roger Goodell, and we've had enough success where we get to pick who we do business with.

Business Brexit amendment bill passes United Kingdom parliament vote
Author: 0 Brexit amendment bill passes United Kingdom parliament vote

Government defeated an amendment from Tory backbench MPs, which would have kept United Kingdom in a customs union with the EU if it fails to agree a free trade deal. Any final deal with the European Union will also require ratification by a bitterly split parliament. The Prime Minister was saved from a humiliating reverse by the votes of four Labour Brexiteers - and one now sitting as an independent - who backed the Government in the crucial division.

Business Can Amazon sell cereal and cod on its Prime Day?
Author: 0 Can Amazon sell cereal and cod on its Prime Day?

The company is obviously trying to compete against Amazon's Prime Day, which will start on July 16 and last for 36 hours. But now for the important stuff: What are the Amazon Prime Day discounts for 2018? As Amazon gears up for its Prime Day promotion, experts say small businesses shouldn't sit on the sidelines.

Business Amazon Prime Day 2018: All the Best Deals So Far
Author: 0 Amazon Prime Day 2018: All the Best Deals So Far

If you are a Prime member and spend $10 at the store between now and July 17, you'll get a $10 credit to use during Prime Day, according to CNN Money . More importantly why you should opt for Amazon Prime membership is the logistical benefits that come along. In both the U.S. and Europe, the first day of deals saw the greatest number of consumers clicking on ads, witnessing an increase in ad clicks of 14% and 17% respectively.

Business ZTE Ban Lifted in Exchange for $400 Million Escrow
Author: 0 ZTE Ban Lifted in Exchange for $400 Million Escrow

The US Commerce Department said Friday that it's letting ZTE, which makes smartphones and telecommunications equipment, resume buying components from American companies. The June settlement also required ZTE to change its board and management, and to allow the USA government unfettered site visits to verify US components are being used as claimed.

Business Target tries its own version of Prime Day
Author: 0 Target tries its own version of Prime Day

See the fit and fall of dresses, pick & play with products you are interested in. Amazon disclosed for the first time this year that it had more than 100 million paid Prime members worldwide. Last year's Prime Day saw the best price of the year on the fitness trackers and Deal News expects similar discounts this year. While Prime Day brings in more revenue for Amazon, too, it also helps boost its Prime memberships.

Business Tesla customers could lose thousands in tax credits next year
Author: 0 Tesla customers could lose thousands in tax credits next year

No comment has been forthcoming from the SEC or Tesla as of yet. Tesla Inc shares rose $3.53 (+1.11%) in premarket trading Thursday. Thus Tesla misled investors and buyers. Musk and his team made a big bet that automation would help Telsa make more cars in a single month than it ever had before, only to have robots repeatedly fail, forcing the company to halt the entire production process to fix the problem.

Business China's trade holds steady despite trade tensions — China Focus
Author: 0 China's trade holds steady despite trade tensions — China Focus

China's trade surplus with the U.S. in the first six months of the year rose to $133.76 billion. "Considering China grows at 6-7pc and the U.S. at 2-3pc, we believe the damage would be greater to the United States than on China". China chose to retaliate against the USA instead of addressing US concerns with China's unfair trade practices, according to USTR. In August 2017, the United States unilaterally launched the Section 301 investigation against China despite opposition from China and ...

Business USA to slap tariffs on extra $200 billion of Chinese imports
Author: 0 USA to slap tariffs on extra $200 billion of Chinese imports

The Trump administration announced Tuesday it is preparing a new package of tariffs targeting Chinese exports valued around $200 billion, the latest escalation in the trade war with Beijing. "The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US trade", he told the forum.

Business Comcast ups Sky bid to $34 billion, escalating battle with Rupert Murdoch
Author: 0 Comcast ups Sky bid to $34 billion, escalating battle with Rupert Murdoch

Murdoch has agreed to sell Fox's entertainment assets including its stake in Sky to Disney , though Comcast is weighing another counteroffer for the Fox portfolio. WSJ reports Comcast upped their offer for Sky, which is a price likely not to be topped, which means Comcast could walk away with Sky, while Disney gets the rest of Fox.

Business China says it will hit back at U.S. for ‘completely unacceptable’ tariffs
Author: 0 China says it will hit back at U.S. for ‘completely unacceptable’ tariffs

China's foreign ministry said the Trump administration's actions were "typical bullying" and promised retaliatory action against the USA, according to the wire service. The list of proposed goods to be hit with new tariffs includes dozens of types of fish, eels, crab, lobster and other seafood. The list is subject to a two-month public comment period before taking effect.

Business Iran oil minister: No change in production, export
Author: 0 Iran oil minister: No change in production, export

According to the top official, the order issued by the U.S. leader is " a great insult to [OPEC] governments and nations, and destabilizes the market ". On Saturday, a petroleum ministry official told state-run IRNA news agency that the US sanctions against Iran's oil exports will weaken the OPEC.

Business Theresa May and the Tories are weaker than ever
Author: 0 Theresa May and the Tories are weaker than ever

Tanaiste Simon Coveney warned that the Government will take its Brexit lead from Prime Minister Theresa May and stressed that it will be "business as usual" despite the high-profile resignation of Brexit Secretary David Davis . Some Conservative Party lawmakers warned they would not tolerate a betrayal of Brexit . I think the changes in the British negotiating position on Brexit over the last few days are welcome - they are not the finished article.

Business 4 of 12 Boys Trapped in Thailand Cave Have Been Rescued
Author: 0 4 of 12 Boys Trapped in Thailand Cave Have Been Rescued

But the Chiang Rai governor supervising the mission, Narongsak Osottanakorn, said earlier that mild weather and falling water levels over the last few days had created optimal conditions for an underwater evacuation that won't last if it rains again.

Business Iran tells Trump: Stop tweeting, it's driving up oil prices
Author: 0 Iran tells Trump: Stop tweeting, it's driving up oil prices

On Wednesday he tweeted that OPEC is "doing little to help", adding that, "if anything, they are driving prices higher". "You impose sanctions on major producers , founders of OPEC, and yet you are asking them to reduce prices?!" Brent crude futures LCOc1 lost 85 cents to settle at $77.39 a barrel.

Business Taiwan chip maker UMC claims court victory against USA rival Micron
Author: 0 Taiwan chip maker UMC claims court victory against USA rival Micron

The dispute follows a ban on US firms supplying parts to China's telecom equipment maker ZTE as well as the drawn-out wait for Chinese regulators to approve Qualcomm Inc's $44 billion takeover of NXP Semiconductors. As evidence, Micron cited the use of Micron DRAM technology code names at a UMC and Jinhua recruitment fair for RAM chip experts in Silicon Valley in October 2016 and its discovery that its employees poached by UMC had copied confidential information before leaving the company.

Business Tariffs on Chinese goods now in effect
Author: 0 Tariffs on Chinese goods now in effect

The first round of tariffs on China take effect on Friday , and Trump has threatened more . "Historically whether it's a trade war or a physical war, people go into it thinking it's going to be short-lived", said Cohen, "China wants to have an innovative economy".

Business Trudeau visits Regina steel workers on Canada Day
Author: 0 Trudeau visits Regina steel workers on Canada Day

Following his overwhelming majority win, Mexico's president-elect Andres Manuel Lopez Obrador said he supports reaching a deal on renegotiating NAFTA with the United States and Canada . These are all factors that point to a stalemate, said Moshe Lander, an economist at Concordia University. "I think we'll get through this". Trudeau had been working closely with Pena Nieto on NAFTA and spoke with him about the deal just ahead of the elections on Friday.

Author: 0 2018 budget in danger as Saudi Arabia pump 2m more barrels

The US on Monday said it is prepared to work with nations that are reducing their oil imports from Iran on a case-by-case basis, but ruled out granting waivers to countries like India or Turkey as it could substantially reduce pressure on Tehran.

Business LeBron James banner removal begins in Cleveland
Author: 0 LeBron James banner removal begins in Cleveland

They've surrounded the NBA's best player with a couple of the league's wackiest players in Lance Stephenson and JaVale McGee . How about signing Dwight Howard? In addition to the potential of Bosh being a good fit with the Los Angeles Lakers, Deveney wrote that the 6-foot-11 forward/center has a "close connection" with Lakers general manager Rob Pelinka, who was his agent during his playing days.

Business Walmart's impeach Trump clothing draws social media outrage
Author: 0 Walmart's impeach Trump clothing draws social media outrage

The company has been selling apparel from the third-party vendor Old Glory that contains the phrase, which refers to 45th President Donald Trump . It pulled merchandise branded with "Bulletproof - Black Lives Matter" after complaints from the National Fraternal Order of Police, and past year it removed T-shirts emblazoned with "Rope".

Business Tesla Production Hits 7K Cars a Week
Author: 0 Tesla Production Hits 7K Cars a Week

Musk believes so, and has already said that the company expects to produce 6,000 Model 3 sedans a week "next month", according to Reuters . No standard automotive solution could be built in time, so we created a new solution. While it might have built 53,339 vehicles in Q2, it only delivered 40,740 of them - 18,440 Model 3s , with the rest split almost evenly between Model S and Model X.

Author: 0 Russian budget gets $65 billion boost from OPEC oil production cut deal

Jahangiri's remarks came a day after Trump said that Saudi Arabia's King Salman had agreed to his request to ramp up oil production. "Iranian crude oil will be offered on the bourse and the private sector can export it in a transparent way", First Vice President Eshaq Jahangiri told an economic event in Tehran broadcasted live on state television.

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