Business

Burberry Burned Millions Of Dollars Worth Of Unsold Stock

Burberry Burned Millions Of Dollars Worth Of Unsold Stock Would you light your beloved $1,990 Burberry trench coat on fire? Burberry's latest accounts show that the value of its waste has increased by 50% in two years. "Burberry is just the tip of the iceberg", she said. The fashion label which has worked with some of the world's most renowned models and celebrities, including Emma Watson, Rosie Huntington Whiteley and Cara Delevingne among others,... [Full Article...]

McDonald's handing out free fries through the rest of the year

McDonald's handing out free fries through the rest of the year However, in order to take advantage of the deal you'll need to download and register on their mobile app in addition to making a $1 purchase. As Inc reports , you can only use the deal once per day (sorry fry fanatics) but you can go back every Friday for your daily supply. [Full Article...]

Operations stopped at London Heathrow after reported fire alarm at control tower

Operations stopped at London Heathrow after reported fire alarm at control tower Some passengers said they had been delayed by nearly 15 hours. British Airways has warned passengers should expect "some knock-on disruption" following IT issues on Wednesday. A BA spokesperson that "flights are operating today" and they are "doing all we can to keep disruption to our services to a minimum". Problems were compounded by the temporary closure of Heathrow's air traffic control to... [Full Article...]

China's yuan plunges again. Is a currency war coming?

China's yuan plunges again. Is a currency war coming? USA indexes were poised to open lower, with S&P 500 futures down 0.2 percent and Dow futures 0.4 percent lower. "The dollar is an important issue today especially because we have been on a rise for quite a long time", said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. [Full Article...]

Sanitary napkins to be exempt from GST

Sanitary napkins to be exempt from GST Also, rakhis, sal leaves, the raw materials used to make regular brooms have also been fully exempted from being charged under GST . All leather items will now attract a GST rate of 18 percent, while footwear priced below Rs 1,000 will be taxed at 5 percent. [Full Article...]

Farnborough Air Show Sees Major Freight Orders for Boeing

Farnborough Air Show Sees Major Freight Orders for Boeing The agreements will be reflected on Boeing's Orders and Deliveries website when they have been finalized, a statement said. It was seen as evidence that both giants were anxious to boost their tallies. This week's air show has been dominated by a flurry of unidentified orders swelled by leasing companies which reached nearly US$50 billion on Thursday, as well as public orders for Boeing and Airbus... [Full Article...]

Trump's Top Economic Adviser Accuses China's President of Delaying Trade Deal

Trump's Top Economic Adviser Accuses China's President of Delaying Trade Deal China's ambassador to the US warned the Trump administration Wednesday that tariffs on China will backfire and Washington will "only end up hurting itself and the world". During an interview with CNBC's Jim Cramer at the Delivering Alpha conference, Kudlow said that while other Chinese officials - including China's top economic official, Vice Premier Liu He - are open to a deal to ease tension... [Full Article...]

Iran hits out at Saudi Arabia for pumping 'above target'

Iran hits out at Saudi Arabia for pumping 'above target' All this is coming amid growing signs that more supplies could be coming on to the market after Libya last week moved to reopen four key export terminals and following reports that the U.S. Investment bank Goldman Sachs expects volatile oil prices in the short-term on the back of uncertainty over possible disruptions to supply, with benchmark Brent crude in a $70-80 per barrel range. [Full Article...]

PM to Interact with Saubhagya Scheme Beneficiaries Today

PM to Interact with Saubhagya Scheme Beneficiaries Today He said that all villages in India were electrified by April 28, 2018, which is a historic date; adding, it was a pity that after 70 years of independence, people don't have access to electricity. This changed her life forever. One of the residents, Shivnath Singh Khader of Kahla village, even named his daughter "Deepika", to commemorate the day his village got electricity. [Full Article...]

NSW teenagers drive jobs boom as Victoria loses out

Teenagers also got an employment boost this year after 58,000 jobs were added for those born between 2003 and 1999. "Over the year to June, the unemployment rate declined by 0.2 percentage points". 6202.0). "With the RBA expecting growth in 2018 and 2019 to be comfortably above trend, we assess that the Board's current expectations for policy are still different to Westpac's views". [Full Article...]

Pompeo, Haley step up pressure to support Trump's talks on North Korea

While acknowledging there had been some ship-to-ship transfers of energy supplies despite the embargo, Coats said it had not been so significant as to prevent North Korean leaders from seeing the "consequences of sanctions". "I am guessing North Korea responded that they should first take a confidence-building step together, for example by declaring an end to the (1950-53 Korean) war", Roh reporte... [Full Article...]

U.S. launches national security investigation against uranium imports

U.S. launches national security investigation against uranium imports US uranium producers Energy Fuels Inc . and Ur-Energy Inc. filed a petition in January requesting an investigation under section 232 of the 1962 Trade Expansion Act - the same provision used to justify tariffs of 25 per cent on steel and 10 per cent on aluminum imports from countries including Canada, Mexico and Europe. [Full Article...]

Donald Trump 'ready' to impose tariffs on all Chinese goods

White House economic adviser Larry Kudlow blamed Chinese President Xi Jinping for a lack of progress over U.S-China trade talks, and warned that U.S. President Donald Trump was "not going to let go" of the issue, Axios reported on Friday. [Full Article...]

Samsung Galaxy Watch Appears On FCC

Samsung Galaxy Watch Appears On FCC Next year's Samsung Galaxy S10 units may be the last to see the market as part of the Galaxy S line. Instagram user lajotatech posted a collage of two images that show the front and rear sides of a Galaxy Note 9 prototype. The upcoming flagship could include 6GB of RAM and up to 256GB of internal storage. Over the past few years, therefore, the delta between the largest Galaxy S-series han... [Full Article...]

Trump ready to hit all Chinese imports with tariffs

Trump said he was concerned that the "Chinese currency was dropping like a rock" and the strong United States dollar "puts us at a disadvantage". Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from countries around the world and igniting disputes on multiple fronts. [Full Article...]

Q4 FY2018 — Microsoft earnings

Q4 FY2018 — Microsoft earnings Without that, the company would have been looking at a net income of $30.3 billion, up 18 percent on 2017. This reporting structure has been retained even though the Windows division has been reorganized with responsibilities split between different groups. [Full Article...]

Trump threatens tariffs on all $500 billion of Chinese imports

FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. That figure references the $505 billion dollars worth of goods imported from China in 2017, according to Census Bureau data. Even while threatening China, Trump tried to reassure the Chinese administration that he is not looking to "scare" the country. White House economic adviser Larry Kudlow tells Axios that... [Full Article...]

Trump escalates his war with the Fed

Trump nominated current Fed Chair Powell, who had served as a governor on the board of the Fed, to serve at its helm after Janet Yellen's retirement in February. Fed officials have penciled in two more hikes this year. The dollar began taking a hit on Thursday after Trump suggested that the Fed's policy of raising USA interest rates was pushing up the dollar, in turn hurting American exporter... [Full Article...]

'Ready to Go' With Tariffs on $500B of Chinese Imports

The US imported about $505 billion worth of goods from China previous year. Trump has ordered Commerce to investigate whether auto imports pose a threat to USA national security that would justify tariffs or other trade restrictions. Chinese Commerce Ministry spokesman Gao Feng last week called those accusations "groundless" and said that the USA trade penalties contravene rules at the World Tra... [Full Article...]

Germany asks India to continue buying oil from Iran

Germany asks India to continue buying oil from Iran OPEC + increases . Saudi Arabia , which detests Iran , has already begun to violate limits imposed by the Organization of the Petroleum Exporting Countries and pump oil to keep prices down. The U.S. government now holds about 660 million barrels in its underground tanks in Louisiana and Texas. However, the EIA also reported USA oil production reached a record 11 million barrels per day (bpd... [Full Article...]


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