Business

NSW teenagers drive jobs boom as Victoria loses out

NSW teenagers drive jobs boom as Victoria loses out Teenagers also got an employment boost this year after 58,000 jobs were added for those born between 2003 and 1999. "Over the year to June, the unemployment rate declined by 0.2 percentage points". 6202.0). "With the RBA expecting growth in 2018 and 2019 to be comfortably above trend, we assess that the Board's current expectations for policy are still different to Westpac's views". [Full Article...]

Pompeo, Haley step up pressure to support Trump's talks on North Korea

While acknowledging there had been some ship-to-ship transfers of energy supplies despite the embargo, Coats said it had not been so significant as to prevent North Korean leaders from seeing the "consequences of sanctions". "I am guessing North Korea responded that they should first take a confidence-building step together, for example by declaring an end to the (1950-53 Korean) war", Roh reporte... [Full Article...]

U.S. launches national security investigation against uranium imports

U.S. launches national security investigation against uranium imports US uranium producers Energy Fuels Inc . and Ur-Energy Inc. filed a petition in January requesting an investigation under section 232 of the 1962 Trade Expansion Act - the same provision used to justify tariffs of 25 per cent on steel and 10 per cent on aluminum imports from countries including Canada, Mexico and Europe. [Full Article...]

Donald Trump 'ready' to impose tariffs on all Chinese goods

Donald Trump 'ready' to impose tariffs on all Chinese goods White House economic adviser Larry Kudlow blamed Chinese President Xi Jinping for a lack of progress over U.S-China trade talks, and warned that U.S. President Donald Trump was "not going to let go" of the issue, Axios reported on Friday. [Full Article...]

Samsung Galaxy Watch Appears On FCC

Samsung Galaxy Watch Appears On FCC Next year's Samsung Galaxy S10 units may be the last to see the market as part of the Galaxy S line. Instagram user lajotatech posted a collage of two images that show the front and rear sides of a Galaxy Note 9 prototype. The upcoming flagship could include 6GB of RAM and up to 256GB of internal storage. Over the past few years, therefore, the delta between the largest Galaxy S-series han... [Full Article...]

Trump ready to hit all Chinese imports with tariffs

Trump said he was concerned that the "Chinese currency was dropping like a rock" and the strong United States dollar "puts us at a disadvantage". Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from countries around the world and igniting disputes on multiple fronts. [Full Article...]

Q4 FY2018 — Microsoft earnings

Q4 FY2018 — Microsoft earnings Without that, the company would have been looking at a net income of $30.3 billion, up 18 percent on 2017. This reporting structure has been retained even though the Windows division has been reorganized with responsibilities split between different groups. [Full Article...]

Trump threatens tariffs on all $500 billion of Chinese imports

FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. That figure references the $505 billion dollars worth of goods imported from China in 2017, according to Census Bureau data. Even while threatening China, Trump tried to reassure the Chinese administration that he is not looking to "scare" the country. White House economic adviser Larry Kudlow tells Axios that... [Full Article...]

Trump escalates his war with the Fed

Trump nominated current Fed Chair Powell, who had served as a governor on the board of the Fed, to serve at its helm after Janet Yellen's retirement in February. Fed officials have penciled in two more hikes this year. The dollar began taking a hit on Thursday after Trump suggested that the Fed's policy of raising USA interest rates was pushing up the dollar, in turn hurting American exporter... [Full Article...]

'Ready to Go' With Tariffs on $500B of Chinese Imports

The US imported about $505 billion worth of goods from China previous year. Trump has ordered Commerce to investigate whether auto imports pose a threat to USA national security that would justify tariffs or other trade restrictions. Chinese Commerce Ministry spokesman Gao Feng last week called those accusations "groundless" and said that the USA trade penalties contravene rules at the World Tra... [Full Article...]

Germany asks India to continue buying oil from Iran

Germany asks India to continue buying oil from Iran OPEC + increases . Saudi Arabia , which detests Iran , has already begun to violate limits imposed by the Organization of the Petroleum Exporting Countries and pump oil to keep prices down. The U.S. government now holds about 660 million barrels in its underground tanks in Louisiana and Texas. However, the EIA also reported USA oil production reached a record 11 million barrels per day (bpd... [Full Article...]

Trump Bashes Fed For Interest Rate Policy He Once Supported

Mr Trump said that he was "not happy" with the Fed's plans for further rate rises, which would put the U.S. at a "disadvantage" to other economies with looser monetary policy. "But I don't like all of this work that goes into doing what we're doing". "I'm not thrilled", he said in an interview, according to CNBC. The U.S. [Full Article...]

In Rare Move for a President, Trump Criticizes Fed

Subtracting inflation, the rate is slightly negative in real terms and still "accommodative" for growth and borrowing, as the Fed said in its June statement. The stock market, which usually favors cheap money and reacts negatively to rate hikes, fell, as did Treasury yields and the dollar in response to the president's comments, according to CNBC. [Full Article...]

One-day hearing opens with harsh criticism of Trump tariff idea

She says security, counterterrorism, and energy will be on the agenda, as well as trade. Hillman rejected the idea that Canada could represent a risk for US national security. A study by the Ann Arbor-based Center for Automotive Research, commissioned by the National Automobile Dealers Association, forecasts that the price of a typical imported vehicle would rise $6,875, while the price of a USA... [Full Article...]

Tory MP urges vote of no confidence in Theresa May over Brexit

Tory MP urges vote of no confidence in Theresa May over Brexit Earlier this week, the Irish prime minister Leo Varadkar said a deal was still possible but added his government will "step up our preparations for a no-deal scenario" . He didn't signal an imminent leadership challenge or no-confidence vote today . It comes a day after her government was forced to drop a proposal to bring forward the summer recess. [Full Article...]

Explainer: How the wholesale price inflation rate of 5.77% affects you

Explainer: How the wholesale price inflation rate of 5.77% affects you Core inflation also surprised to the downside, slowing to a 15-month low of 1.9 percent. All eyes are now on inflation data, set to be released tomorrow, and tipped to see an acceleration in the rising cost of living due to higher petrol and energy prices. [Full Article...]

Jeff Bezos becomes the richest person in modern history, topping $150 billion

Jeff Bezos becomes the richest person in modern history, topping $150 billion Jeff Bezos is also $56 billion richer than the world's second-richest man, Microsoft founder and philanthropist Bill Gates , whose net worth is estimated at $94 billion at the moment. A Federal Reserve report found the top 1 percent of US families controlled 38.6 percent of wealth in the U.S.in 2016, compared with 22.8 percent held by the bottom 90 percent. [Full Article...]

Singapore Airlines named world's best, as Virgin drops nine spots

Singapore Airlines named world's best, as Virgin drops nine spots Along with being one of the most respected travel brands in the world, Skytrax editors point out that Singapore Airlines flies one of the youngest aircraft fleets in the industry, with a network that spans six continents. With regards to the methodology used, Skytrax are the world's largest, annual airline passenger satisfaction survey. Other previous winners of the top prize have included E... [Full Article...]

Microsoft joins forces with Walmart to take on Amazon with cloud technology

Microsoft joins forces with Walmart to take on Amazon with cloud technology As per the five-year agreement, Microsoft will become Walmart's preferred cloud services provider, utilizing both Microsoft Azure and Microsoft 365 enterprise-wide alongside projects focused on artificial intelligence, machine learning and data platforms. [Full Article...]

Boeing scores opening win with Farnborough orders

Boeing scores opening win with Farnborough orders So what could possibly go wrong? The U.S. has also put tariffs on steel and aluminum from China, the European Union and several other countries, which responded in kind. "There's already been an impact with raw materials, with the costs of production and lead times", she said. "I think this is behind us now". Dawson said that while she appreciates Trump's desire to help USA companies, some glo... [Full Article...]


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