Business

Business President Uhuru leaves for China-Africa summit
Author: 0 President Uhuru leaves for China-Africa summit

Speaking to Bongani Bingwa, EWN reporter Clement Manyathela who is in China says Ramaphosa is on a charm offensive when he was hosted at the state house in the great hall by Xi Jumping. The vision of the China-Africa relations is anchored on a desire for a shared future where all nations can prosper through cooperation and mutually beneficial partnerships.

Business Coca-Cola takes plunge into coffee with US$5.1 bil Costa deal
Author: 0 Coca-Cola takes plunge into coffee with US$5.1 bil Costa deal

The acquisition adds a "scalable" coffee platform with critical know-how and expertise in a fast-growing, on-trend category, and expands Coca-Cola's existing coffee line up, which now includes Japanese coffee brand Georgia. Without being specific about expansion plans, Quincey said in a video posted on Coca-Cola's website that the company would "over time" look to take Costa "to more people in more places".

Business Trump advisers press for dairy concessions ahead of Freeland's arrival
Author: 0 Trump advisers press for dairy concessions ahead of Freeland's arrival

And I think that we're going to look closely at some of the other things that have been agreed to between the USA and Mexico and see just whether or not they can be made to work in the Canadian context. Trump told reporters at the White House. Canadian Foreign Minister Chrystia Freeland engaged in trade talks in D.C. on Tuesday, after a trade agreement between the USA and Mexico was announced on Monday.

Business British Airways to end flights to Iran in September
Author: 0 British Airways to end flights to Iran in September

The most important European countries especially Britain, France and Germany have been opposing Trump's move to withdraw from the multilateral landmark Iran nuclear deal also known as JCPOA. According to previous reports, the route was previously reinstated in 2015 accord among the western countries and Iran under which majority of worldwide sanctions where on Iran and which were lifted in return for curbs nuclear programme which was carried on in the country.

Business Toyota to invest $500 million in Uber
Author: 0 Toyota to invest $500 million in Uber

Uber Senior Product Manager Eric Berdinis on the expansion of the company's freight service. Hans Greimel, Asia editor for the specialist Automotive News publication, said Toyota was "gearing up big-time for autonomous driving". By expanding into autonomous vehicles, Uber also hopes to ward off a looming competitive threat from another early investor, Google and its self-driving auto spin-off Waymo, which is poised to launch its own ride-hailing service in Arizona before the end of this ...

Business U.S., Mexico reach tentative trade deal that could replace NAFTA
Author: 0 U.S., Mexico reach tentative trade deal that could replace NAFTA

Canadian Foreign Minister Chrystia Freeland arrives in Washington for talks Tuesday, and U.S. Trade Representative Robert Lighthizer wants to notify Congress of a deal by Friday. "Canadians really need to look at what the us and Mexico just completed as an example of what can be done if there's good faith negotiating and a willingness to compromise in the interest of both parties", Kudlow said.

Business Trump announces 'incredible' trade deal with Mexico
Author: 0 Trump announces 'incredible' trade deal with Mexico

The latter is more likely. The negotiations were "difficult" at times, Peña Nieto said, but added that the new framework would boost productivity in North America. Trump said he would speak with Canadian Prime Minister Justin Trudeau "in a little while", adding that he hoped Canada and the United States could begin talks to resolve their own bilateral issues subsumed under NAFTA "almost immediately".

Business Mexico NAFTA talks to continue Monday - minister
Author: 0 Mexico NAFTA talks to continue Monday - minister

Mexico's president-elect also said that bilateral talks on renegotiating the North American Free Trade Agreement "are on a good track". Trump said on Saturday that Washington could be in agreement in Mexico "soon" as the chief trade negotiator of Mexico's incoming president hinted at potential solutions to energy rules and a contentious USA "sunset clause" demand.

Business President Trump Announces United States-Mexico Trade Agreement — NAFTA No More
Author: 0 President Trump Announces United States-Mexico Trade Agreement — NAFTA No More

The Trump administration has reached a breakthrough in NAFTA talks with Mexico, clearing the way for Canada to return to the bargaining table for a mad dash to conclude a final deal. President Trump signaled a deal was close at the end of last week and did so again before the announcement Monday morning. Canada plans to continue to negotiate, but would only sign a new agreement that is good for the country, a spokesman for Canadian Foreign Minister Chrystia Freeland said.

Business Markets advance as US-China trade talks end
Author: 0 Markets advance as US-China trade talks end

The small-cap Russell 2000 index also advanced 0.5 percent to reach a new closing high . Futures indicated Wall Street was set to open higher . Against a basket of six major currencies, the dollar stood at 95.516, down 0.3 per cent on the day.

Business Crude Flat as China Tariffs Targets US Oil Products
Author: 0 Crude Flat as China Tariffs Targets US Oil Products

A weaker US dollar makes oil , which is priced in dollars, less expensive for buyers in other currencies. Brent crude futures rose $2.15, or 3 percent, to settle at $74.78 a barrel. "The Iran issue continues to occupy traders' minds", said Greg McKenna, chief market strategist at futures brokerage AxiTrader. The American Petroleum Institute reported U.S.

Business Australia foreign minister Bishop to run for PM
Author: 0 Australia foreign minister Bishop to run for PM

Three contenders are battling to replace Australia's Prime Minister Malcolm Turnbull in the crisis over the Liberal Party leadership. Turnbull said that what was happening was "a very deliberate effort to pull the Liberal party further to the right".

Business Best And Worst S&P 500 Stocks On The Road To Nowhere
Author: 0 Best And Worst S&P 500 Stocks On The Road To Nowhere

They say this bull market would have to run until June 2021 to set the record, claiming the longest bull market ran 4,494 days between December 4, 1987, and March 24, 2000. But S&P futures turned lower on Wednesday morning as markets assessed the possible impact of a guilty plea from Trump's former personal lawyer, and the conviction of former Trump campaign chairman Paul Manafort.

Business U.S. threatens more Turkey sanctions if pastor not freed
Author: 0 U.S. threatens more Turkey sanctions if pastor not freed

In a pre-recorded address to mark the four-day Eid al-Adha festival, which starts on Tuesday, a defiant Erdogan said the aim of the currency crisis was to bring "Turkey and its people to their knees". At certain moments of trading, it was trading at against the us currency at the level of 6.1 liras to the us dollar, thus depreciating by 5%. Ratings agencies Standard & Poor and Moody's downgraded Turkey's credit rating further to "junk" status, pointing to currency volatility and concerns ...

Business MS congressmen react to guilt of Trump associates Manafort, Cohen
Author: 0 MS congressmen react to guilt of Trump associates Manafort, Cohen

He did not offer specifics. Cohen's lawyer says the USA president's former "fixer" has information "on certain subjects that should be of interest" to the special prosecutor beyond his allegations made while pleading guilty Tuesday that Trump directed him to make hush-money payments to fend off damage to his White House bid.

Business Trump's rant on interest rate rises depresses dollar
Author: 0 Trump's rant on interest rate rises depresses dollar

On Monday he said the Fed should be more accommodating on interest rates. Donald Trump is now attacking his own appointee to head the Federal Reserve Board. Numerous members considered another rate hike likely appropriate soon. Trump's comments are likely to put the focus back on the trade war and that could limit the upside in the common currency.

Business USA imposes fresh sanctions for Russian cyber-related activity
Author: 0 USA imposes fresh sanctions for Russian cyber-related activity

Trump told Reuters on Monday that the probe by the Special Counsel's office into Russian interference in the 2016 election has "played right into the Russians - if it was Russia". But the officials faced questions from sceptical lawmakers about the administration's policy toward Russian Federation, particularly since Trump has sent conflicting messages about it.

Business Trump asks U.S. SEC to consider switch to half-year corporate filings
Author: 0 Trump asks U.S. SEC to consider switch to half-year corporate filings

US President Donald Trump has asked stock market regulators to look into ending the requirement for businesses to issue quarterly earnings reports. The Trump administration wants to cut red tape that it says is responsible for a 50% drop in companies coming to market over the past two decades, including relaxing some of the disclosure and compliance requirements for listed companies and those looking to go public.

Business Pastor Brunson appeal for house arrest release rejected by Turkish court
Author: 0 Pastor Brunson appeal for house arrest release rejected by Turkish court

Brunson, who has lived in Turkey for over twenty years and led a small church in the southwestern coastal town of Izmir, was jailed for almost two years following the failed 2016 coup. The President also sent a message directly to Pastor Andrew through Twitter , calling him a "wonderful Christian pastor" and letting Pastor Andrew know that he considers him a "patriot hostage".

Business Turkish high court rejects appeal for USA pastor Brunson's release
Author: 0 Turkish high court rejects appeal for USA pastor Brunson's release

On Thursday, Turkish President Recep Tayyip Erdogan and his French counterpart Emmanuel Macron spoke by phone and exchanged views on the importance of developing economic and trade ties. He demanded Brunson's release, saying "they can't take our people". Trump tweeted on Thursday. Turkey has repeatedly criticized the US for not condemning the coup attempt two years ago.

Author: 0 Turkish court rejects U.S. pastor's appeal for release

On Thursday, Trump tweeted that the United States would " pay nothing " for the release of Brunson, but would punish Ankara if he is not released. It hit an all-time low of 7.2 lira to the dollar earlier in the week. Whatever action the United States does take, economists said it looked likely to cause more pain for Turkish assets in the immediate future.

Business U.S., China to Resume Trade Talks as Tariffs Bite
Author: 0 U.S., China to Resume Trade Talks as Tariffs Bite

Invited by the U.S., the delegation, headed by Commerce Vice Minister Wang Shouwen, will meet with a team of negotiators led by David Malpass, undersecretary for global affairs of the U.S. The meeting would end what had been a lull in talks between the two sides, but it is unclear whether it will take place before or after August 23, when Washington is due to activate additional tariffs on $16 billion of Chinese goods.

Business Death toll climbs following Italian bridge collapse
Author: 0 Death toll climbs following Italian bridge collapse

The Italian government, governed by a coalition of the Five Star Movement and Lega Nord, has opened an investigation to establish the cause of the collapse, which occurred during a period of torrential rain. The aging bridge, designed by the renowned Italian engineer Riccardo Morandi, was fraught with "structural doubts". In its design, Morandi used a patented prestressed reinforced concrete technology, which later proved problematic.

Business Turkey unlikely to give up on U.S. despite unprecedented row
Author: 0 Turkey unlikely to give up on U.S. despite unprecedented row

Erdogan has encouraged his citizens to sell any American dollars they have to buy local currency, but the lira continues to slide. If Brunson is not released, the next escalatory measure by the U.S. Chamber's U.S. -Turkey Business Council. Administration officials said the USA doesn't now have any meetings scheduled with Turkish officials to discuss Brunson's case.

Business China stops approving new video, phone games
Author: 0 China stops approving new video, phone games

Under pressure to curb gaming marathons on Tencent's smash hit "King of Glory" mobile multiplayer battle game, the company past year started restricting daily playing times for children. Executives said Tencent is working to make changes to the game, so it will be made available in the future and is attempting to work more closely with government regulators to "improve this process going forward".

Business Terminally ill man awarded $289 million in lawsuit against Monsanto
Author: 0 Terminally ill man awarded $289 million in lawsuit against Monsanto

Dewayne Johnson said Friday in San Francisco that the jury's verdict is far bigger than his lawsuit . The jury said that the herbicide's active ingredient, glyphosate, contributed to his cancer, and that the firm should have provided a label warning customers about the product's potential health hazards.

Business Demand growth slows, but markets to remain under-supplied: Opec
Author: 0 Demand growth slows, but markets to remain under-supplied: Opec

Receive daily email alerts, subscriber notes & personalize your experience. Crude prices were lower Monday morning, with West Texas Intermediate for September delivery trading down about 0.4% at $67.33. In February, Saudi Arabia freed nine Iranian fishermen detained for two years, accusing them of entering its waters. Meanwhile, production fell by 57,000 to 600,000 bpd in Libya, by 53,000 to 10.39 million bpd in Saudi Arabia , with output from Venezuela dropping by 48,000 to 1.28 ...

Business Erdogan: Turkey can do without U.S. electronic goods
Author: 0 Erdogan: Turkey can do without U.S. electronic goods

Turkish president Recep Tayyip Erdogan has said his country will boycott electronic products made in the USA amid an escalating diplomatic feud with the Trump administration that has helped trigger a currency meltdown in Turkey . Turkey is in the throes of a full-blown currency crisis , with the Turkish lira losing almost 45 percent of its value since the start of the year.

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