Business

China and Europe warn trade war could trigger global recession

China and Europe warn trade war could trigger global recession The forthcoming restrictions would apply "to all countries that are trying to steal our technology ", he said. "Mattis' visit comes at a time when China-U.S. It also said it would unveil a revised list of Chinese goods for tariffs, which it did on June 15. Speaking in Beijing ahead of an annual EU-China summit, representatives warned against single countries taking drastic action on trade p... [Full Article...]

Indian Rupee Hits Record Low Against Dollar

Indian Rupee Hits Record Low Against Dollar The surge in the West Texas Intermediate (WTI) Crude Oil from around $58 per barrel in January to a $72 in May dragged the rupee lower from around 63.5 to 68.5 over the same period. This in turn is adding to selling pressure on the Indian currency. India imports about two-thirds of its fuel needs, making it one of the most vulnerable in the region to advances in oil prices. [Full Article...]

A communication failure causes a brief scare at John F. Kennedy Airport

A communication failure causes a brief scare at John F. Kennedy Airport The plane, which was bound to Los Angeles, sent out a hijack code notifying air traffic control that there was a security threat onboard after controllers couldn't make contact with the pilot, according to a law enforcement source with direct knowledge of the incident. [Full Article...]

Ticketmaster has been hacked

Ticketmaster has been hacked Some Ticketmaster customers' personal and payment information might have been accessed by third parties as a result of the malicious software, which Ticketmaster disabled as soon as it became aware of it. "We take the protection of that information very seriously and we are sorry to have to write to you in these circumstances", the company said. The company added that North American customers ... [Full Article...]

Trump says finishing U.S. study on tariffs on cars from EU

Trump says finishing U.S. study on tariffs on cars from EU The shares prices, belonging to the automobile giants like Volkswagen, Porsche, BMW, and Daimler have encountered a dive of around 1%. The EU targeted $3.2 billion in American goods exported to the 28-member bloc, including bourbon and Harley Davidsons. [Full Article...]

Instagram Lite is Instagram's new lightweght mobile app

Instagram Lite is Instagram's new lightweght mobile app In a statement to PCMag, an Instagram spokesperson said the Lite app "takes up less space on your device, uses less data, and starts faster" than the company's main app. "The Instagram Lite app is small, allowing you to save space on your phone and download it quickly" the description reads. Right now, sharing videos or sending direct messages to friends isn't enabled, however. [Full Article...]

BMW warns of leaving the United Kingdom post-Brexit

BMW warns of leaving the United Kingdom post-Brexit Ian Robertson, the boss of BMW of the United Kingdom branch has cleared his intention of receiving a green signal by the time the summer ends. Coupled to a rapidly developing trade war between the U.S. BMW's head office had no immediate comment on Freismuth's remarks. BMW employs over 8,000 people in the United Kingdom and has previously warned that the company had to remain "flexible" abo... [Full Article...]

Oil dips on OPEC output increase

Oil dips on OPEC output increase During the previous sanctions regime, some Asian countries received waivers enabling them to buy Iranian crude . The head of Saudi oil giant Aramco said it has spare capacity of 2 million bpd and can meet additional oil demand in case of any interruption in supplies. [Full Article...]

Trump softens trade stance toward China and raises optimism

Trump softens trade stance toward China and raises optimism After fears that Trump would introduce harsh measures to curb Chinese investment in US-based technology companies, the U.S. president chose to use less stringent methods to curb the practice, including the expanded use of the Committee on Foreign Investment in the United States , or CFIUS. [Full Article...]

Ryan Warns of 'Escalating Taxes' with Tariffs as Trump Hits at Harley

Ryan Warns of 'Escalating Taxes' with Tariffs as Trump Hits at Harley Harley-Davidson said Monday it was moving production of motorcycles sold in Europe from USA factories to facilities overseas because of retaliatory tariffs it faces in an escalating trade dispute between involving Trump's administration and the European Union. [Full Article...]

US Asks India To Stop Oil Imports From Iran By November

US Asks India To Stop Oil Imports From Iran By November The Iranian rial is under heavy pressure from the threat of USA sanctions and reports indicate the Iranian people are not happy about it. The country also banned imports on 1,300 products, including appliances, textiles, and healthcare in a move to resist USA sanctions. [Full Article...]

Trump Threatens Harley-Davidson With Tax Punishment For Move

Trump Threatens Harley-Davidson With Tax Punishment For Move That's why the company says it needs to open plants overseas to avoid countries' tax and tariff costs and price their motorcycles competitively. The company said the move is necessary because of the $3.4 billion tariffs the European Union began levying Friday in retaliation for Trump's 25 percent steel and 10 percent aluminum tariffs. [Full Article...]

China, France Agree To Expand Trade, EU Raises "Difficult Issues"

China, France Agree To Expand Trade, EU Raises The trip comes against the backdrop of spiraling tensions between Beijing and Washington over trade . The planned United States restrictions on Chinese investments in "industrially significant technology" are in large part fueled by American concerns about "Made in China 2025", Beijing's plan to boost industries like robotics, electric cars and aerospace with the aim of becoming a global le... [Full Article...]

Erdogan claims victory in Turkish election - but opponent disputes, claims manipulation

Erdogan claims victory in Turkish election - but opponent disputes, claims manipulation Erdogan , the most popular but also divisive leader in modern Turkish history, moved the elections forward from November 2019, arguing the new powers would better enable him to tackle the nation's mounting economic problems - the lira has lost 20 percent against the dollar this year - and deal with Kurdish rebels in southeast Turkey and in neighbouring Iraq and Syria. [Full Article...]

Trump 'surprised' by Harley-Davidson move to shift work out of US

Trump 'surprised' by Harley-Davidson move to shift work out of US Taxes just a Harley excuse - be patient!" Harley shares fell as much as 4.2 per cent and were down 4 per cent to US$42.45 as of 10:35 a.m.in NY. Harley shares closed down almost 6 per cent and analysts cut their profit forecasts on concerns about how quickly the company would be able to adapt to the 25 per cent import duties the European Union began charging on June 22. [Full Article...]

China, EU to form group to modernise global trade rules

China, EU to form group to modernise global trade rules However, his confusing interview to CNBC did little to clarify the situation, as he said the administration was "not singling out China" but also that Treasury would release a report on Friday on the issue of investment restrictions on China. [Full Article...]

Harley-Davidson Announces Overseas Move, Cites Tariffs

Harley-Davidson Announces Overseas Move, Cites Tariffs Harley forecast the EU's retaliatory tariffs would cost the company $US90 million ($121 million) to $US100 million ($135 million) a year. Europe is Harley's second biggest market outside the US and sold nearly 40-thousand motorcycles in the Europe a year ago. [Full Article...]

USA restrictions on Chinese investment next front in trade dispute

The US is due to impose tariffs on $34 billion of Chinese imports from 6 July, and Trump has threatened to impose levies on another $200 billion of Chinese goods. "Europe is a critical market for Harley-Davidson", the company said. However, his confusing interview to CNBC did little to clarify the situation, as he said the administration was "not singling out China" but also that Treasury would ... [Full Article...]

Korea Investment CORP Has $937,000 Stake in Harley-Davidson Inc (NYSE:HOG)

Korea Investment CORP Has $937,000 Stake in Harley-Davidson Inc (NYSE:HOG) The RSI oscillates between zero and 100. Harley-Davidson's payout ratio is now 42.29%. ( HOG ) is at 62.93. Analyst's mean target price for Immunomedics, Inc . It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Also, the number of funds holding Harley Davidson Inc in top ten positions decreased from 2 to 1 for a decrease of 1. [Full Article...]

Trump planning new curbs on Chinese investment in the US

Trump planning new curbs on Chinese investment in the US The EU and China agreed to set up a working group to update the WTO to better equip it for the contemporary world, Katainen said at a press conference late Monday in Beijing. He has since escalated that to threats of tariffs on billions more dollars of goods imported into the USA, causing threats of retaliation from China . [Full Article...]


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