Business

Shares knocked lower after new USA tariff threat on Chinese goods

A second administration official told CNBC that the cost of these tariffs would amount to 10 percent of all imports targeted, down from earlier estimates of 25 percent. And Trump is expected to announce new tariffs on $ 200 billion in Chinese goods as early as Monday, the Wall Street Journal reported . The Chinese government said last week it welcomed Washington's proposal for more talks, th... [Full Article...]

Coca-Cola to get into the cannabis business? ‘The space is evolving quickly’

Coca-Cola to get into the cannabis business? ‘The space is evolving quickly’ It's believed Coca-Cola is interested in developing refreshments that are infused with cannabidiol, commonly referred to as CBD, the non-psychoactive chemical found in marijuana plants. Recent marijuana news reports claim that Coca-Cola (NYSE:KO) may be looking to team up with Aurora Cannabis (OTCMKTS: ACBFF ). "There is so much happening in this area right now and we think it has incredible p... [Full Article...]

Amazon investigates claims that employees sold data

Amazon investigates claims that employees sold data According to a Wall Street Journal report , which did not give figures, employees of the e-retailer sell internal data and other confidential information - usually through intermediaries - to merchants who sell their goods on the USA giant's website. [Full Article...]

Only alternative to Chequers is no Brexit deal, says Theresa May

Only alternative to Chequers is no Brexit deal, says Theresa May London mayor Sadiq Khan . The Labour Mayor of London joined calls for a fresh poll despite warning such a move would lead to "even more cynicism" among voters in the weeks after the 2016 vote to leave the EU. "If this government can not do what it is supposed to and govern, then we need actually to change the government", he told Sky News. Environment Secretary Michael Gove said it was "tr... [Full Article...]

Australia Warns Consumer to Cut Strawberries After Needles Found Inside Some Samples

Australia Warns Consumer to Cut Strawberries After Needles Found Inside Some Samples Australia has ordered an investigation into the discovery of sewing needles hidden in strawberries, amid growing alarm over scares across the country. People in possession of the brands in question should refrain from using them and strawberries from other companies "should be cut up" for safe measure, police said in the update , quoting Queensland's Chief Health Officer Dr. [Full Article...]

Karnataka government cuts fuel prices by Rs 2 per litre

Karnataka government cuts fuel prices by Rs 2 per litre Depreciation in the rupee against the U.S. dollar makes the import of crude oil dearer as the transaction takes place with dollars. India imports about 80% of its crude oil, and the falling Indian rupee will make the imports costlier and lead to a rise in fuel prices. [Full Article...]

Iran floats surplus oil as demand falls ahead of US Sanctions

Iran floats surplus oil as demand falls ahead of US Sanctions Benchmark Brent crude oil was down 70 cents a barrel at $79.04 per barrel by 0830 GMT. US West Texas Intermediate (WTI) futures were up 27 cents at $68.86 a barrel after dropping 2.5 percent on Thursday. The crude oil imports from Iran is ready to decline further by almost half from the starting of this year as India is negotiating with the United States to win waivers on export sanction... [Full Article...]

Bank holds interest rates at 0.75 after August hike

Bank holds interest rates at 0.75 after August hike In a statement Thursday, the bank said its nine-member rate-setting panel voted unanimously to keep borrowing rates unchanged, a month after sanctioning a quarter-point increase. The Bank's regional network of agents found businesses had begun putting investment plans on hold or were diverting spending to other countries. The Bank said economic growth is on course to beat expectations for the ... [Full Article...]

New Zealand chain halts Australian strawberries over needles fear

Nervous growers are weighing up their farming futures as the strawberry contamination crisis forces New Zealand's major supermarkets to stop selling the fruit from Australia. The Ministry of Primary Industries says it can now confirm that none of the strawberries caught up in a needle contamination scare in Australia are on New Zealand shop shelves. [Full Article...]

Salesforce co-founder and wife buy Time magazine

The cover of Time magazine is seen at a news stand at Pennsylvania Station in NY U.S., November 9, 2016. Time Magazine is being sold by Meredith Corp.to Marc Benioff , a co-founder of Salesforce, and his wife. "We have deep respect for their organization & honored to be stewards of this iconic brand", he added. Time , founded in 1923, has contended with a decline in print advertising in ... [Full Article...]

There Are 16 Nuclear Reactors at Risk From Hurricane Florence

There Are 16 Nuclear Reactors at Risk From Hurricane Florence The Brunswick plant is near Cape Fear and just south of Wilmington, North Carolina. Florence is now a Category 2 storm with maximum sustained winds of 110 miles per hour (177 kph), according to the U.S. Hurricane Florence is predicted to make landfall near the Brunswick Nuclear Power Plant located on the coast North Carolina. The Robinson plant responded to a temporary loss of off-site power b... [Full Article...]

Needles found in more Australian strawberries, A$100k reward offered

One Australian woman posted photos online showing the needles inside strawberries her 10-year-old son was eating. The sabotage spread to South Australia at the weekend, with a needle found in a punnet of Mal's Black Label strawberries on Sunday. [Full Article...]

Henri Bendel Stores To Close By January

Henri Bendel Stores To Close By January L Brands , owner of the Victoria's Secret , Pink and La Senza brands, is to close all of its Henri Bendel stores along with the Henri Bendel website at the beginning of next year. It is in the process of estimating costs associated with closing Henri Bendel. Henri Bendel sells women's luxury fashion accessories such as jewelry and handbags. [Full Article...]

Canadian pot smokers can face lifetime ban from U.S.

Canadian pot smokers can face lifetime ban from U.S. As cannabis in the US continues to be normalized by the growing amount of domestic legal industries , it seems as though moves like these will continue to be in opposition to what the majority of the USA wants, and clearly what Canada would like to see. [Full Article...]

Strawberry sabotage: WA not affected by needle contamination

Strawberry sabotage: WA not affected by needle contamination Acting Detective Chief Superintendent Lawrence said officers were looking into unconfirmed reports of contamination involving other strawberry brands. Yesterday, Queensland police announced they were investigating a suspected copycat incident after a metal rod was discovered on top of strawberries inside a plastic punnet at a Coles in Gatton. [Full Article...]

Waffle House Storm Center activates for Florence

Waffle House Storm Center activates for Florence As Hurricane Florence , a Category 3 storm , drives toward the East Coast, Waffle House is monitoring the impending risky weather by activating its storm center . WMBF News in Myrtle Beach reported that a Waffle House there closed two days before the storm's anticipated hit: "Y'all Waffle House in Myrtle Beach is closed ahead of the storm", tweeted the station's Nia Watson. [Full Article...]

Buggin' out! Volkswagen to kill production of iconic Beetle in 2019

Buggin' out! Volkswagen to kill production of iconic Beetle in 2019 The end of the Beetle comes at a turning point for Volkswagen; its past three years have been rocked by the fallout from a scandal caused by its admitted cheating on diesel emissions tests . The Beetle with the license plate "LMW 28IF" on the cover of The Beatles' Abbey Road album was sold at an auction for $23,000 in 1986. Its fame was solidified with Walt Disney's 1968 film " The Love B... [Full Article...]

Ghost rider: BMW unveils autonomous motorcycle

Ghost rider: BMW unveils autonomous motorcycle Developed by graduate engineer Stefan Hans and his team, this very special R 1200 GS independently drives off, accelerates, circles a winding test track and independently slows down to a stop. Watch the testing for yourself in the video above, and know it's not a ghost aboard the bike; it's simply self-riding technology. BMW Motorrad is specific in that it's not trying to develop a completely ... [Full Article...]

‘Presidential Alert:’ FEMA to test emergency alert system next week

‘Presidential Alert:’ FEMA to test emergency alert system next week The agency is required to conduct a nationwide test of its public alert systems no less than once every three years under the Integrated Public Alert and Warning System Modernization Act of 2015. Any cellphone that is powered on, connected to a WEA member's network, and is within range of an active cell tower will receive the message once. The WEA test will be broadcast over the course of about ... [Full Article...]

Crucial period for oil as Iran exports shrink: IEA

Crucial period for oil as Iran exports shrink: IEA Oil prices had their worst day in nearly a month Thursday, hurt by the latest signs that OPEC is ramping up production. With that accomplished, OPEC has loosened the requirements on production. The contract climbed $1.12 to $70.37 on Wednesday, the highest close since July 20. Total volume traded was about 34% below the 100-day average. Brent for November settlement lost 93 cents to $78.81 a ... [Full Article...]


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