Business

Trump Asks For $200 Billion More In Tariffs To Impose On China

Trump Asks For $200 Billion More In Tariffs To Impose On China Gulf oil producers may benefit from China's threat to impose import tariffs on United States crude and other energy products, as key exporters meet to discuss production increases later this week. "Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong", he said. Over the past six months, the United States has expor... [Full Article...]

Global stocks, oil suffer as U.S.-China trade spat heats up

Trump directed the US Trade Representative's office to begin drawing up a list of $US200 billion worth of Chinese goods to hit with a 10% tariff, dwarfing the size of previous trade actions against China. " China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology ", Trump said in a statement. [Full Article...]

Google makes $550M strategic investment in Chinese e-commerce firm JD.com

Google makes $550M strategic investment in Chinese e-commerce firm JD.com The JD investment comes as Google seeks to strengthen its connections in China. This includes US and European markets, with products from the Chinese retailer appearing in relevant Google Search results. This will give them less than a 1-per-cent stake in JD, a spokesman for JD said. The two companies, however, will jointly develop retail solutions in Southeast Asia, the latest battlefield among... [Full Article...]

Audi CEO Rupert Stadler Taken Into Custody In Diesel-Cheating Probe

Audi CEO Rupert Stadler Taken Into Custody In Diesel-Cheating Probe Stadler's arrest is the latest blow to the Volkswagen group, which has struggled to shake off the dieselgate crisis and continues to face a litany of investigations at home and overseas. Autocar is due to receive an official comment from Audi imminently. The executive was arrested at his home in Ingolstadt. Volkswagen admitted that almost 600,000 cars sold in the USA were fitted with "defeat... [Full Article...]

McDonald's to switch to paper straws in U.K., Ireland

McDonald's to switch to paper straws in U.K., Ireland Customers ordering soft drinks at over 1,300 McDonald's restaurants in the United Kingdom and Ireland will not be getting a plastic straw starting in September. British officials will launch a public consultation for a potential bill banning the sale of the single-use plastics later this year. Environmental activists estimate that millions of plastic straws are used by McDonald's customers every... [Full Article...]

GMO wheat halts shipments

GMO wheat halts shipments In 2013, several Asian countries temporarily banned USA wheat imports after genetically modified wheat was found unexpectedly in a field on an OR farm. "We hope that it's very brief", Bender said Friday. "They are the highest grade buyer of Canadian wheat in the world". Steve says the time is now to get the situation resolved. [Full Article...]

Federal Bureau of Investigation agents insulted Trump supporters, blamed Federal Bureau of Investigation for Clinton loss

Federal Bureau of Investigation agents insulted Trump supporters, blamed Federal Bureau of Investigation for Clinton loss It says the Federal Bureau of Investigation director, who announced in July 2016 that Clinton had been "extremely careless" with classified material but would not be charged with any crime, repeatedly departed from normal Justice Department protocol. [Full Article...]

Kansas deputy killed, another critical after courthouse shooting

Kansas deputy killed, another critical after courthouse shooting Additional information was not released. "We will be looking at that video ". She said she would gladly give up a third trial for her daughter's murder if Fielder could be convicted for the 2017 murder. "There are witnesses we are speaking with", Zac Blair, a spokesman for the KCK police department, told the paper. Wyandotte County Sheriff's Department spokeswoman Kelli Bailiff said Friday ... [Full Article...]

Donald Trump's former chief strategist wants to create a new cryptocurrency

Donald Trump's former chief strategist wants to create a new cryptocurrency Trump interrupted American politics". In August of 2017, President Donald Trump made a decision to remove Steve Bannon from his administration. Now, 10 months after being ousted from his position due to his alleged criticism of Donald Trump, Bannon has his sights on the crypto market. [Full Article...]

China Retaliates With New Tariffs as Trump’s Trade War Escalates

China Retaliates With New Tariffs as Trump’s Trade War Escalates It isn't clear how long the tariffs will last, or whether the US and China might settle their trade fight quickly. The US president said in a statement: "In light of China's theft of intellectual property and technology and its other unfair trade practices, the US will implement a 25 per cent tariff on $50bn of goods from China that contain industrially significant technologies". [Full Article...]

Commodities - China Steel Output Hits Record

Commodities - China Steel Output Hits Record Adding to the uncertainty over economic conditions, China's central bank left its short-term money market rates unchanged earlier in the day, surprising financial markets and analysts who had expected it to follow a policy rate rise by the U.S. [Full Article...]

Trump announces 25 percent tariff on Chinese technology

Trump announces 25 percent tariff on Chinese technology Tariffs on $34 billion of USA goods including agricultural products such as soybeans will take effect from July 6, the ministry said . News of the tariffs was initially reported by Bloomberg . Chamber of Commerce. "That's where our trading partners and the rest of the world are just very frustrated and very confused because tactics change on a day to day basis". [Full Article...]

McDonald's to replace plastic straws with paper ones in United Kingdom and Ireland

The activist group SumOfUs estimates that every day, McDonald's alone dispenses millions of plastic straws that customers soon discard, leaving them to litter beaches or clog waterways and fill trash dumps. Most straws are made from plastics such as polypropylene and polystyrene, which unless recycled take hundreds of years to decompose. McDonald's say the new straws will use paper from sustaina... [Full Article...]

Kellogg's announce cereal recall due to potential presence of Salmonella

Kellogg's announce cereal recall due to potential presence of Salmonella Thirty-nine people with the illness were interviewed, and 30 of them reported eating cold cereal, with 14 of them recalling Honey Smacks in particular, the CDC said . Even if some cereal from these boxes was eaten and no one got sick, they should be thrown away. Officials say the packages will also have a UPC code of 3800039103 or 3800014810. [Full Article...]

Facebook Finally Responds To Congressional Inquiries After April Testimony

Facebook Finally Responds To Congressional Inquiries After April Testimony The board of the social network informed that they have an opportunity to receive data about their users from the unaffiliated companies on both online and offline activity. As such, the response provides us with an idea of the sort of data it collects from users who have consented to it. Facebook's eyes aren't limited to the user only as it even tracks connected devices and networks. [Full Article...]

U.S. charges Theranos founder Elizabeth Holmes with criminal fraud

U.S. charges Theranos founder Elizabeth Holmes with criminal fraud Holmes, 34, founded Theranos in Palo Alto, Calif., in 2003, pitching its technology as a cheaper way to run dozens of blood tests. If convicted, they could face prison sentences that would keep them behind bars for the rest of their lives, and total fines of $2.75 million each. [Full Article...]

American Airlines Glitch Affects Flights At XNA Friday

American Airlines Glitch Affects Flights At XNA Friday A company statement says American's PSA Airlines carrier canceled 275 flights Thursday and around 400 flights Friday because of the technical issue . A day before the current issues American Airlines tweeted that they had suffered "a brief technical issue impacting several systems including aa.com, our mobile app and self-service kiosks at airports". [Full Article...]

Cryptocurrency tether used to boost bitcoin prices, study finds

Cryptocurrency tether used to boost bitcoin prices, study finds The record growth in bitcoin previous year was actually a coordinated market manipulation, according to recent research by University of Texas Finance Professor John Griffin . Bitcoin's massive price run-up late past year may have been the result of a price manipulation campaign, according to a new study released on Wednesday. [Full Article...]

Elon Musk has new plans to tunnel into Chicago

Elon Musk has new plans to tunnel into Chicago Elon Musk took to Twitter to announce The Boring Company's latest product launch, life-size Lego-like interlocking bricks that can be used to create sculptures and buildings. Boring argues that its Tunnel Boring Machines are faster and cheaper than existing tunnel digging technologies. Plus, one of the ways the Tribune says he'd save money is concerning: His tunnels would only be 14 feet ... [Full Article...]

SEC Official Pushes Back on Claims Ether Is a Security

SEC Official Pushes Back on Claims Ether Is a Security The distinction lies in how the asset is offered or sold to the public. Many in the community feared that such a designation would lead to a slowdown in investment and development across the industry. Hinman made clear that the SEC hasn't changed its view on initial coin offerings, in which companies raise money through sales of digital tokens. The speech was seen as a victory by cryptocurrenc... [Full Article...]


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