Saturday, 20 July 2019
Latest news
Home » Money


Trump threatens China with $200B in new tariffs


Chinese tariffs on USA soybean exports to the People's Republic could cost Iowa farmers as much as $624 million, according to Donnelle Eller, an agriculture reporter with the Des Moines Register. "Just ask yourself: Would China have allowed America to do to it what China has done to America?" he said later. "I have an excellent relationship with President Xi (Jinping), and we will continue working together on many issues". Read More »

Trump to nominate Kathy Kraninger to lead CFPB


Homeland Security Director Michael Chertoff during a news conference at Washington's Ronald Reagan National Airport, Oct. 22, 2008, with Deputy Assistant Secretary for Policy Kathy Kraninger, left. He's frozen data collection in the name of security, dropped enforcement cases, and directed staff to slash next year's budget. Kraninger is a 2007 graduate of Georgetown University Law Center, according to her LinkedIn profile, and before that graduated from Marquette University. Read More »

Unilever toughens stance on influencers in transparency push


Even so, the industry needs to put in place "all possible controls" to avoid bad practices such as fake followers, bots, fraud or any dishonest business models that will "erode trust" in the ecosystem, the press statement read. Unilever's move to crack down on infleuncer fraud was timed to land on the first day of Cannes Lions (18 June). Unilever's chief marketing officer Keith Weed spoke out against bad apples lowering trust between consumers and brands. Read More »

Veggie trays recalled after 78 sickened by parasite

In addition, Del Monte is recalling small veggie trays that include broccoli, cauliflower, carrots, celery and dill dip distributed to IL and IN, the FDA said IN a statement. Other common symptoms include loss of appetite, weight loss, stomach cramps/pain, bloating, increased gas, nausea, and fatigue. Cyclosporiasis can be treated with antibiotics, as well as plenty of fluids. Read More »

Eskom announces load shedding from 5pm to 10pm


In a statement Eskom said the risk for load shedding during the course of the week remains high due to a shortage of capacity from the effects of the strike action. Dear Stakeholder, we wish to thank you for your support and understanding of our situation as we implemented load shedding in the past few days due to unforeseen circumstances. Read More »

This Tesla didn't crash. But it did catch fire


The destroyed Model S was being driven by British TV director Michael Morris on Santa Monica Blvd when it mysteriously ignited, according to Morris' wife, actress Mary McCormack . Tesla acknowledged that rare fires occur but stated their cars are safer than a gas engine and safety is a top priority in their designs. A viral video posted to Twitter by actor Mary McCormack has prompted an investigation from automaker Tesla. Read More »

In the United Kingdom, people are giving up on cash

The number of cash transactions fell by 15% to 13.1bn transactions in the same period. Debit card payments have overtaken cash use for the first time, new figures show, as contactless technology takes a firm hold on day-to-day spending. An estimated 3.4 million people hardly used cash at all during the year. By the end of 2017 there were almost 119m contactless cards in circulation, with 78% of debit cards and 62% of credit cards in Britain having contactless functionality. Read More »

Apple to Launch Biggest Ever iPhone in 2019


Kuo earlier revealed that the iPhone with 6.1-inch display will have an edge-to-edge front panel with a notch at the top for Face ID. That was thought to be due to its £999 price, something that's largely because of the OLED display. The FaceID technology and related hardware aside, Apple's OLED screen is very expensive to manufacture as it curves at the bottom to join with the motherboard giving the iPhone X a bezel-less bottom. Read More »

Audi boss Rupert Stadler arrested in dieselgate investigation


Audi confirmed the arrest to AFP, declining to give further details. "The hearing to determine whether he will be remanded is ongoing", a spokesman for parent company Volkswagen said. The dramatic development comes a week after Munich prosecutors raided Stadler's home after charging him with fraud and the falsification of documents that allowed diesel vehicles equipped with cheating software to be sold to European customers. Read More »

Audi CEO arrested - Volkswagen


Audi's parent, the Volkswagen Group, confirmed that Stadler was detained this morning but that the "hearing to determine whether he will be remanded is ongoing". Volkswagen has pleaded guilty to criminal charges in the United States. Two are serving prison terms; Winterkorn and the others remained in Germany and are unlikely to be extradited. Read More »

Audi CEO arrested: Volkswagen

The company said that it couldn't comment further due to the ongoing investigation, but stressed that "the presumption of innocence remains in place for Mr. A total of 20 people are under suspicion in the Audi probe , which focuses on cars sold in Europe that were believed to be equipped with software which turned emissions controls off during regular driving. Read More »

Google to invest $550 million in Alibaba rival


This includes USA and European markets, with products from the Chinese retailer appearing in relevant Google Search results. In recent months, Google has been making inroads back into the Chinese market through various deals and investments. Read More »

Virgin Money agrees £1.7bn takeover by CYBG

CYBG said the new firm would be a leading force in banking, "disrupting the status quo and championing customer service excellence". CYBG is offering Virgin Money's investors 1.2125 of its shares for each of their shares, meaning they would control 38pc of the combined company should the deal go ahead. Read More »

Tesco posts highest growth in seven years


Forced to rebuild after a 2014 accounting scandal capped a dramatic downturn in trading, Tesco said a move to lower prices on fresh food, such as minced beef and potatoes, towards the end of its first quarter reflected a growing confidence in its performance. Read More »

Salmonella outbreak in USA linked to Kellogg's Honey Smacks cereal


According to the CDC, New York reported the highest number of cases while California, Massachusetts, and Pennsylvania each have five cases. NY has reported seven cases, while California, Pennsylvania and MA have had five cases each. UPC codes can be found at the bottom of the box. CDC, public health and regulatory officials in several states, and the U.S. Food and Drug Administration continue to investigate this multi-state outbreak. Read More »

After 100+ flights canceled at NC airport, inbound flights held Sunday


Yesterday evening, thousands of people were stranded at the Charlotte Douglas International Airport after a computer glitch shut down all flights in and out of Charlotte for over 12 hours. The backlog caused gate congestion and several inbound flights had to be delayed, which caused a chain reaction. The ground stop was lifted, but several passengers we talked to still had their flights canceled, causing more than a headache than anyone wanted on Father's Day. Read More »

CAUGHT ON CAMERA: Wendy's employee captures mice crawling on burger buns

As of Saturday, the restaurant was open to customers. "I was like what am I supposed to do with the buns and she's like take the stack, take it down and go use some other buns", said fellow employee Samantha Nibbelink. The discovery comes amid concerns of safety standards at the chain after cigarette butts were reportedly discovered in the food preparation area. They said it follows a rat found earlier in the month. Read More »

McDonald's plans switch to paper straws at U.K., Ireland shops


Under pressure by environmentalists, McDonald's said Friday that it will start testing alternatives to plastic straws at select locations in the US later this year. Earlier in the year, the chain announced that it planned to source 100 percent of its packaging from renewable or recycled sources by 2025. It's believed the firm uses 1.2 million single-use plastic straws every day in Britain. Read More »

Japan suspends Canadian wheat sale after GMO wheat found in Alberta


The agency was notified of the plants in January. GMO wheat plants are genetically modified to resist Roundup, a weed killer. "While genetically modified wheat is not approved for commercial use in Canada, the same genetically modified trait has been approved in canola, corn and soybeans for over 20 years", the CFIA said. Read More »

China Keeps Borrowing Costs on Hold for Now Following Fed Hike


A Chinese national flag flutters outside the headquarters of the People's Bank of China , the Chinese central bank, in Beijing, China April 3, 2014. "Current economic growth still remains relatively steady, so I'm not sure whether monetary and financial policies will change overnight in response", said Yang Yewei, analyst at Southwest Securities. Read More »

Industrial production falls 0.1% in May


Industrial output, a measure of everything produced by the nation's factories, mines and utilities, slipped 0.1% in May from April in seasonally adjusted terms, the Federal Reserve said Friday. Despite positive economic reports, the tariffs announced by the Trump administration have generated turmoil and uncertainty. The dispute could lead to higher prices and harm USA factories that depend on parts and raw metals from around the world, although Trump has said the moves will lead to a ... Read More »

AT&T closes $85.4bn Time Warner deal


Franklin Resources Inc. now owns 13,882,043 shares of the media conglomerate's stock valued at $1,269,791,000 after buying an additional 1,695,787 shares during the last quarter. The fund owned 51,625 shares of the media conglomerate's stock after selling 4,535 shares during the period. Including net debt from Time Warner , we now have $180.4B in net debt. Read More »

Elon Musk's company to build airport express system for Chicago


Musk and his company will raise the funds for the project and will not cost taxpayers a single penny, the mayor underlined. The proposal involves autonomous electric vehicles that transport up to 16 riders traveling up to 150 miles per hour between the two destinations in about 12 minutes, compared with the current 45 minutes to an hour for that trip on the existing subway system. Read More »

Canada Goose (GOOS) Price Target Raised to $58.00 at Canaccord Genuity


Canada Goose Holdings Inc (TSE: GOOS ) had its target price hoisted by Royal Bank of Canada from C$25.00 to C$33.00 in a research note issued to investors on Monday morning. It has a 98.09 P/E ratio. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons. Employing more than 2,700 people worldwide, Canada Goose is a recognized leader for its Made in Canada commitment, and is a long-time partner of Polar Bears International. Read More »

Next Story Argentine government reassures investors amid peso fall


Salvador said the depreciation of the peso was partly due to the increase o the interest rate by the U.S. Federal Reserve, and also because of internal variables in the domestic market. "This should steady the water a bit", said Salvador. Argentina's Finance Minister Luis Caputo was appointed to replace Federico Sturzenegger as the country's central bank president on Thursday, the government said. Read More »

Man suspected of defrauding more than 1,000 Walmart stores


The report says police in Yuma, Arizona made the arrest after responding June 13 to a routine of fraudulent return call at a local Walmart. YPD suspects Frudaker removed parts of the computer before returning it. Frudaker was charged with six felonies, including two counts of theft, two counts of fraudulent schemes and artifices and two counts of criminal damage. Read More »

Rolls-Royce soars as it issues ambitious mid-term goals


Credit Suisse Group lifted their target price on shares of Rolls-Royce from GBX 720 ($9.66) to GBX 785 ($10.53) and gave the company an "underperform" rating in a research report on Monday, March 26th. Council Leader Chris Poulter continued: "I have no doubt that this was an extremely hard decision for Rolls-Royce to make, and the Council will work with them moving forward". Read More »

IMF warns U.S. against protectionist trade policies


During a press conference Thursday in Washington , D.C., Christine Lagarde , the IMF Director, said the tariffs will have wide-reaching impacts, especially if other nations impose retaliatory tariffs. This forecast would be just half of the 3 percent growth target that the administration has said will be produced with its policies. The IMF report was highly critical of Trump's trade policies in particular. Read More »

UK union wins right to push for recognition at Deliveroo


High Court judge Ingrid Simler said Friday that the union could challenge the tribunal ruling. In the latest case concerning the so-called gig economy, the Independent Workers Union of Great Britain (IWGB) wants the court to overturn a ruling which confirmed the " self-employed " status of those working for the delivery firm. Read More »

William Shatner Starts Solar-Powered Bitcoin Mining Business


Shatner, who is idolized by Trekkies the world over for his portrayal of James T. Kirk, Captain of the starship Enterprise, may not be quite as current on burgeoning technology today as he was back in the sixties when he was beaming people up with a tractor beam, but he knows a good idea when he hears one. Read More »

Bitcoin's rise could be due to price manipulation


The war of words between the traditional financial institutions and cryptocurrency enthusiasts could be nearing an end after professors John Griffin and Amin Shams of the University of Texas Department of Finance published a paper that provides the most compelling opinion yet of the alleged link between a controversial "stablecoin" called Tether and the staggering price rises at the tail end of 2017. Read More »

How does it work — Universal Credit


It was due to be in place by October 2017, but after a number of problems only around 10% of the final expected caseload are now claiming the benefit eight years later. But in a sort of Alice in Wonderland way, Iain Duncan Smith, the architect of Universal Credit, would constantly be popping up saying, "We're on track and we're on'll make work pay", all the while, the evidence piling up that none of these things were happening, certainly not in the way being promised. Read More »

After Ola, Chinese ride-sharing giant Didi enters Australia


The Australia launch will again put Didi in direct competition with Uber , but that is becoming increasingly common, and also Ola and Didi which both count Didi as an investor - more on that below. This worldwide expansion has also brought a new level of confusion since Didi has cultivated relationships with other ride-hailing companies across the world while also expanding its own presence internationally. Read More »

Postmen SHOULD be allowed to fly England flag, says Theresa May


A south London housing estate has been adorned with more than 300 England flags in a patriotic display hoped to propel the national side to World Cup glory in Russian Federation. The news comes as world prepares for the month-long tournament to kick off in Russian Federation later today. The tournament started yesterday, and England will play its first game when the team faces Tunisia on Monday. Read More »

ASIC chases Westpac over ex-planner's advice


Westpac has offered a sparse response to the civil charges brought against it by the Australian Securities and Investments Commission ( ASIC ), saying that it had previously identified and acted upon misconduct by the adviser who the regulator's allegations related to. Read More »