Business

Will Continue To Work For New NAFTA Deal: Canada

As it stands now, the bilateral agreement is a confusing mishmash of policies that run counter to a seamless North American trading partnership. Canada has been absent from the NAFTA bargaining table since trilateral talks paused last spring. [Full Article...]

Uncertainty Abounds as US and Mexico Announce Trade Deal

South of the boarder, the reaction was more subdued as the office of Mexican President Enrique Peña Nieto released a statement saying the two nations have "reached an understanding on the main issues of importance for both countries". [Full Article...]

Toyota will reportedly invest $500 million in Uber

Toyota will reportedly invest $500 million in Uber According to a press release issued by the firms, self-driving technology from each company will be integrated into purpose-built Toyota vehicles. TechCrunch confirmed the Toyota-Uber agreement with a source familiar with the deal. Toyota has been less aggressive than some rivals on moving toward full-fledged autonomous driving. It was reported earlier this month that Uber was sinking around $1m... [Full Article...]

Investors to get their say after Musk scuttles Tesla buyout

Investors to get their say after Musk scuttles Tesla buyout Now, Musk and his team are working to meet them under even more scrutiny from regulators and from shareholders, and with more competition - the Saudi Public Investment Fund recently made what is likely a billion-dollar deal with Lucid Motors, another electric auto company vying for the same milestones and clientele as Tesla. [Full Article...]

Donald Trump announces new trade deal with Mexico

Donald Trump announces new trade deal with Mexico Canada has been absent from the discussions since Trump began criticism of Canadian trade policy. Canadian leaders insist that they are in no hurry to renegotiate the pact or to agree to anything not in their favor. The U.S. president says the deal has led to hundreds of thousands of lost American jobs , and he promised to either change it to be more favorable to the U.S., or withdraw. [Full Article...]

NAFTA is Out, a New Trade Deal With Mexico is Officially Here

NAFTA is Out, a New Trade Deal With Mexico is Officially Here President Donald Trump says he intends to terminate the North American Free Trade Agreement and call its replacement "the United States-Mexico Trade Agreement" - a name that would exclude the third NAFTA partner, Canada. Talks to overhaul the agreement began a year ago and have proven contentious. Advisers of incoming President Lopez Obrador hailed the new deal, saying it represented p... [Full Article...]

Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement

His strategy: to split negotiations between Mexico and Canada. The U.S. and Mexico are hoping to get a final deal signed before Mexican President Enrique Peña Nieto leaves office on December 1. The US presidents said he meant to terminate NAFTA while he pursues trade deals with Mexico and starts negotiations with Canada. Automobile rules of origin was one of several contentious issues on the t... [Full Article...]

Trump Misquotes Approval Rating, Cites Disapproval Rating

Trump Misquotes Approval Rating, Cites Disapproval Rating As ever in this tale, however, it is worth following the money. Weisselberg has worked for the Trump family for more than four decades, including as treasurer for the Donald J. Trump said that Cohen was his so-called "fixer" in an interview but he doesn't know where that term came from and the attorney for his company was 'not somebody that was with me that much'. [Full Article...]

Warren Buffett set to pick up stake in Paytm

Warren Buffett set to pick up stake in Paytm The two companieshave been discussing for several months an investment of about 25 billion rupees ($360 million) that would value Paytm at around $10 billion, the source said, adding that the deal could be announced as soon as this week. If the transaction goes through, it will give Paytm more firepower to strengthen its market leadership against Flipkart-owned Phonepe and Google's Tez besides p... [Full Article...]

Land Rover unveiled SUV for pet owners

Land Rover unveiled SUV for pet owners Each of the packs can be fitted to every new Land Rover model. The Pet Load Space Protection Pack , priced at £482, offers the bowl along with a quilted load space liner and full height luggage partition. "Our customers told us that the comfort of their dogs on auto journeys is crucial", said Finbar McFall, Product Marketing Director at JLR. It includes the aforementioned quilted load-space l... [Full Article...]

Saudi gov’t shelves Aramco IPO, dashing hopes of record LSE listing

Saudi gov’t shelves Aramco IPO, dashing hopes of record LSE listing When these reports first emerged, there were suggestions that the Aramco listing might be suspended due to the lack of what Al-Falih called optimum conditions. Saudi authorities are also struggling to reconcile their desire for the biggest possible pool of capital, likely in NY or London, with their preference for less-stringent regulation, which would point to Hong Kong. [Full Article...]

China To Strictly Oversee Transport After Rideshare Passenger's Murder

China To Strictly Oversee Transport After Rideshare Passenger's Murder In a commentary published on its website, the ministry said: "If a company is not compliant and self-disciplined, and takes its passengers' lives as a game, the public will vote with their feet and the government will not just stand by". Didi Chuxing - which has been valued at US$50 billion (A$68 billion) - is aggressively expanding overseas, targeting new markets in Australia, Mexico and Brazil, ... [Full Article...]

Trump Organization CFO granted immunity in Cohen investigation

According to Painter, Mueller is "closing in on the basic financial structure of the Trump Organization", and perhaps even the reasons the POTUS has not released his tax returns yet. Cohen pleaded guilty on Tuesday in a Manhattan courtroom to multiple criminal offenses, including campaign finance violations. He admitted he violated campaign finance law by helping provide Trump's campaign exc... [Full Article...]

Saudi reforms to boost growth despite any Aramco IPO delay

Saudi reforms to boost growth despite any Aramco IPO delay At market prices, the sale of the PIF's entire 70 percent stake in SABIC to Saudi Aramco would raise about $70 billion. For now, however, it's evident that the Saudi Aramco IPO - the centerpiece of funding for Crown Prince Mohammed bin Salman's lofty Vision 2030 plan for reform - is unlikely to move forward any time soon. [Full Article...]

Ant Financial Scrutinizes Over-the-counter Cryptocurency Trading

Ant Financial Scrutinizes Over-the-counter Cryptocurency Trading The operator will also offer education on risk prevention for its users and remind them not to be misled by advertising, Ant Financial confirmed. Its valuation increased to $150 billion earlier 2018, after securing a massive $10 billion funding round. [Full Article...]

World Bank and Australia's Largest Bank Issue First Global Blockchain Bond

World Bank and Australia's Largest Bank Issue First Global Blockchain Bond The "bond-i" platform is created to substantially streamline capital raising processes in the debt capital markets, which are now made up of a complex web of interconnected agents and intermediaries. The bond-i blockchain platform was built and developed by the CBA Blockchain Centre of Excellence, housed in the Sydney Innovation Lab. Interestingly the World Bank press release did not menti... [Full Article...]

Democrats Vote to Strip Power From Superdelegates, Reform Caucuses

Democrats Vote to Strip Power From Superdelegates, Reform Caucuses Since then, superdelegate reform has become their foremost measure of whether the DNC is recognizing the activist progressive wing of the party. Chairman of the Democratic National Committee Tom Perez pauses after a session during the DNC's summer meeting, Friday, Aug. [Full Article...]

Fire contained at Tesla's auto production factory in California

Fire contained at Tesla's auto production factory in California He credited the fire control to the " fast response " of the Fremont Fire Department. They have an excavator. "It needs to be broken apart". The Tesla's factory in California is heating up again - in all the wrong ways. Investigators have been called to Tesla but it will probably be Friday before fire officials can say what the cause and origin of the fire was, Hendry said. [Full Article...]

Can you guess London's best airport?

Can you guess London's best airport? Luton Airport has been named the worst United Kingdom airport for a third year running in the Which? magazine annual survey. Birmingham has expanded significantly and gained the best overall score of the larger airports (61%) in the Which? The airport is set for a big future having recently revealed a masterplan to expand the site, including the formation of a new railway station. [Full Article...]

Procter and Gamble Wants to Trademark WTF, LOL, Other Acronyms

Procter and Gamble Wants to Trademark WTF, LOL, Other Acronyms Apparently P&G applied for the acronyms to be used in household products such as liquid soap and air fresheners; although which specific products they'd be using it for has yet TBA. Quartz notes that going the millennial-friendly route has sometimes gone awry for brands, but it still plays the guessing game as to how P&G may wield these the acronyms, with WTF being a possibility for "Wow, that'... [Full Article...]


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