Business

What does Ofgem's price cap mean for the Big Six?

What does Ofgem's price cap mean for the Big Six? Ofgem says 11 million households on poor value default tariffs are set to save around £75 on average, while a typical consumer on the most expensive tariffs would save more than £120. We are about to go into winter - the season of the biggest energy bills - after a period of unprecedented energy price rises and with 11 million households still sitting on expensive standard variable tariffs. [Full Article...]

Barnsley: 'Serious Incident' Sees One Person Arrested By Police

Barnsley: 'Serious Incident' Sees One Person Arrested By Police The force said said an investigation was under way to establish "whether this is an isolated incident and whether the individual acted alone". South Yorkshire Police said one person, believed to be a woman, has been arrested after Saturday morning's incident, in which a man suffered minor injuries. [Full Article...]

Goldman Sachs rumors to stop the Bitcoin Trading Desk are "fake news"

Goldman Sachs rumors to stop the Bitcoin Trading Desk are The rest of the crypto market followed the Bitcoin and demonstrated a bigger decline, which led the market cap of TOP 100 leading currencies to a shrinking to $40 bln. But there was little news since on how the project has developed. In an interview with Bloomberg , Korean's Post service president Kang Seong-Ju revealed that the service would be meeting with the American multinational inv... [Full Article...]

Ford recalls 2 million pickup trucks; seat belts can cause fires

Ford recalls 2 million pickup trucks; seat belts can cause fires Ford said there have been 17 reports of smoke or fire in the U.S. In Canada , there have been six reports. No injuries have been reported. Affected F-150s include those built at the Dearborn Assembly Plant from March 12, 2014 to Aug. The Fix: Dealers will remove the B-pillar insulation material and wiring harness tape, and install heat resistant tape, for free. The problem , according to th... [Full Article...]

Ford Teases Mustang-Inspired Mach 1 Electric Crossover With 300-Mile Range

Ford Teases Mustang-Inspired Mach 1 Electric Crossover With 300-Mile Range This is Palmer's first stint as the head of an electric auto division, but he should have the necessary background to pull off the electric Mustang SUV. He also said Ford is targeting a 2020 release. American auto giant Ford has got die-hard Mustang fans in a frenzy, with a new image of their first fully electric SUV unleashed onto the internet by their director of electric vehicle product... [Full Article...]

Amazon Ups Order of Mercedes-Benz Vans From New South Carolina Plant

Amazon Ups Order of Mercedes-Benz Vans From New South Carolina Plant As the debate over drilling in waters off of S.C. beaches intensifies, Post and Courier has a special report exploring what would happen if there was an oil spill off of the coast. An Amazon spokesperson told The Wall Street Journal the company received "tens of thousands" of applications for the new program. Currently, Amazon is tapping on logistics giants such as FedEx, UPS, and even the U... [Full Article...]

Starbucks 'Humbly' Enters Italy with a 25000-Square-Foot Coffee Spectacle

Starbucks 'Humbly' Enters Italy with a 25000-Square-Foot Coffee Spectacle In a Thursday morning interview with the NY crew of " CBS This Morning ", that question was posed to Schultz while he stood inside the Milan roastery which he called the "Willy Wonka" of coffeehouses. At a nearby coffee shop, the locals were skeptical of the multinational's arrival. "I walked the streets of Milan and I was captivated, seduced, intoxicated by Italian coffee bars". [Full Article...]

Apple says proposed tariffs to hit a range of products

Since then, though, Trump has threatened another $267 billion of tariffs on China, a move revealed Friday that could cover virtually all Chinese-made goods entering the United States. The company said that "main logic boards with microprocessing units" could face levies, along with equipment used for research and development. Intel Corp., the world's second-largest chipmaker, weighed in suppor... [Full Article...]

Another $267B China tariffs ready to go after $200 already announced

Another $267B China tariffs ready to go after $200 already announced It would also be in addition to tariffs his administration has already imposed on $50 billion in Chinese imports, for which Beijing has retaliated with an equal amount of import taxes on US goods. Those steps include slapping tariffs on $60 billion of United States imports, Gao said. "In the meantime, we are taking in billions of dollars of taxes coming in from China, and with the potential of bil... [Full Article...]

Baked Musk Hints At New Tesla Smart Home Product

Baked Musk Hints At New Tesla Smart Home Product Tesla Inc shares fell almost nine percent on Friday as the resignation of its chief accounting officer after just a month at work spooked investors amid another social media storm around billionaire chief executive Elon Musk . What would an Elon Musk interview be if it didn't discuss the possibilities of transport? Tesla's head of human resources, Gabrielle Toledano, who is now on a leave ... [Full Article...]

London Fashion Week drops fur from runway

London Fashion Week drops fur from runway CEO Marco Gobbetti said: "Modern luxury means being socially and environmentally responsible". The company also said it will stop destroying "unsaleable products" with immediate effect. Burberry said it had gone into partnership with sustainable luxury company Elvis & Kresse to transform 120 tons of leather offcuts into new products over the next five years. [Full Article...]

Emerging markets reel as dollar flexes muscles

Emerging markets reel as dollar flexes muscles It rose as high as 95.625, its highest since August 24, earlier in the session. The dollar drew further strength from upbeat US indicators supporting the case for further interest rate hikes by the Federal Reserve. The greenback extended its overnight rise against the yen to touch a near one-week high of 111.71 yen. The pound GBP= sank to a one-week low on Tuesday on rising doubt among investo... [Full Article...]

Trump says auto tariffs would be ‘ruination’ of Canada

Trump has already imposed hefty tariffs on Canadian and Mexican steel and aluminum, using a section of USA trade law that gives him the authority in the name of national security. Trump, speaking Friday in North Dakota, said he believes Canada is ripping off the USA and repeated that, if a deal can't be reached, he'll apply a 20 per cent tariff on cars. [Full Article...]

2 guys hung up a poster of themselves at McDonald's

2 guys hung up a poster of themselves at McDonald's Noticing that none of the photos on the other walls had any Asians portrayed in them, they joked that they should take a photo of themselves and put it up in the blank spot. "I hope this can open the eyes to not just McDonald's, but other major companies can embrace different ethnicities", Maravilla told CNN . "I was very, very nervous", Jevh said. [Full Article...]

Canadian tariffs hit imports of some U.S. goods in July

Canada's overall exports rose 0.8 per cent in July to a record $51.3 billion, the agency said. Exports to the United States rose 3.3 percent while imports dipped 0.1 percent. Exports of steel products to the USA that were subject to a 25% tariff rose 16.4% in July on a customs seasonally adjusted basis, following a 36.3% decline in June. [Full Article...]

Obama blasts Trump and Republicans, urges Democrats to vote

Obama blasts Trump and Republicans, urges Democrats to vote Returning to a familiar theme of speeches in his presidency, Obama said at the University of IL at Urbana-Champaign that the price of progress toward "our founding ideals" sometimes meant taking two steps back for every step forward. Obama stepped back into the political fray Friday, delivering a speech at the University of IL at Urbana-Champaign. He did acknowledge former Illinois Gov. [Full Article...]

Federal government backs milk levy push

Federal government backs milk levy push The federal government is backing a push for a 10 cent per litre levy on milk to help drought-hit farmers, saying it is working to get retailers and processors on board. Meanwhile, some dairy farmers have renewed calls for the sale of milk for $1 per litre to be permanently dumped. This is unsustainable. If our farmers don't make it through the tough times, they won't be there to supply Australia ... [Full Article...]

Trump vows for another $267B in tariffs on Chinese goods

That would mean tariffs would cover $467 billion in Chinese imports on top of the $ 50 billion already in place for a total of $517 billion, which covers the entire value of all products China imports into the United States. Members of the public had until Thursday to comment on the administration's plan to slap tariffs on $200 billion of Chinese goods, ranging from bicycles and baseball gloves t... [Full Article...]

US Job Growth Surges; Annual Wage Growth Largest since 2009

US Job Growth Surges; Annual Wage Growth Largest since 2009 The U.S. economy added 201,000 jobs in August, the Labor Department said on Friday, continuing its years-long streak of gains. The US Federal Reserve, which has already raised rates twice this year, is due to meet on 25-26 September. The US and China have slapped retaliatory tariffs on a combined $100 billion of products since early July. "However, given that jobs added are still above 200,000, ... [Full Article...]

China Says Has to Retaliate if US Implements New Tariffs

China Says Has to Retaliate if US Implements New Tariffs If Trump follows through, China has said it will respond with tariffs on $60 billion worth of USA products. (The first round targeted $34 billion in imports, and the second on an additional $16 billion.) Additionally, the US has enacted 25 percent and 10 percent tariffs on steel and aluminum imports, respectively, from allies Canada , Mexico and the European Union. [Full Article...]


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