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Modi government approves Rs 200 hike in MSP for paddy


Terming it as a historic decision, the minister said the sharp increase in MSP was done after a lot of consideration and "not in hurry". The home minister said higher support prices would increase the "purchasing power" of farmers , which would have a "wider impact on the economy". Read More »

Hot dog eaters weigh-in for Nathan's Famous 2018 competition


The win is Chestnut's third straight victory and 11th overall in the last 12 years, but it didn't go without incident. Over on the ladies side of the competition, former three-time champion Sonya "The Black Widow" Thomas will take on four-time defending champion Miki Sudo . Read More »

Time difference gives China head start on tariff war with U.S.


The United States has imposed tariffs on European steel and aluminum imports and is conducting another national security study that could lead to tariffs on imports of cars and vehicle parts. imports are set to take effect on July 6. "As terrorist attacks, political violence (including demonstrations), criminal activities, and other security incidents often take place without any warning, US citizens are strongly encouraged to maintain a high level of vigilance and practice good situational ... Read More »

EU Warns US Against Car Tariffs


In retaliation, the European Union and Canada have slapped tariffs in a tit-for-tat move. The European Union says that for some goods, such as trucks, USA import duties are higher. The number of exports that could be hit by retaliatory tariffs among the 10 most vulnerable states ranges from $1.7 billion in Pennsylvania to $6.2 billion in Washington. Read More »

Ryanair pilots in Ireland have announced when they will strike

Ryanair pilots working in Ireland have announced a planned 24-hour strike for next week on 12 July. Ryanair (RYA.I) cabin crew are to hold coordinated strikes in four European countries, a union official said on Wednesday, escalating industrial action at Europe's largest low-priced carrier which dismissed their demands as "pointless". Read More »

Chinese tycoon dies in freak fall in France


His death complicates the troubled conglomerate's efforts to restructure and pay off borrowings, and could increase pressure on HNA to reveal more about its oft-criticized opaque ownership. According to a pledge signed by the 12 stakeholders, Wang's shares will now be split between the NY and Hainan branches of the Hainan Cihang Charity Foundation, which own the majority stake in the HNA Group . Read More »

Hyundai Eyeing Fiat-Chrysler As US 'Proxy'?


Since then, rumors about a takeover from the Volkswagen Group and Chinese automaker Great Wall have come and gone with much ado about nothing , but the recent rumors about Hyundai are a new twist. The report suggests that Fiat Chrysler's controlling families, the Elkanns and Agnellis, are eager to leave the carbuilding business behind once Marchionne steps down. Read More »

LeBron James banner comes down in Cleveland


Once James answered the question that had dominated the free agent picture for months, the Lakers began filling out the roster for next season, agreeing to one-year deals with swingman Lance Stephenson , guard Kentavious Caldwell-Pope and center JaVale McGee . Read More »

Will Trump abandon WTO rules and adopt the US Fart Act?

Trump is pushing a bill that's literally called the US FART Act. "Imposing tariffs will increase costs for consumers, lessen consumer choice, lower consumer demand, reduce vehicle and light truck production and sales, lower investment levels, and lead to job losses in the US auto sector", Matt Blunt, president of the American Automotive Policy Council, said in a statement. Read More »

Saudi says ready to pump more oil to balance market

These moves follow US President Donald Trump's decision in May to withdraw the United States from the Iran nuclear deal, formally known, as the Joint Comprehensive Plan of Action, which removed sanctions against the Islamic Republic in exchange for curbs on its nuclear program. Read More »

Top US business group assails Trump's handling of trade dispute


Trump has threatened to impose a 20% tariff on the import of cars assembled in the European Union if the bloc fails to withdraw its curbs on Washington . Warner warned if the USA were to hit Canada with auto tariffs, it would be "a real kick in the gut" to the country's economy. The US imported over $US43 billion worth of vehicles for people transportation in 2017. Read More »

Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump


The shirts that come in several shades - plus similar baby onesies and even frisbees - have the Twitter-sphere in a frenzy and spurred a grassroots call to boycott the world's biggest retailer. Walmart also had pro-Trump apparel available on its website, CBS News says others have pointed out. On June 27, Walmart announced that it was introducing a 3D virtual shopping tour on its website, as the retailer pours billions of dollars into beefing up its e-commerce business. Read More »

Merkel Faces Showdown in Germany Over Migrant Policy


But Merkel had refused saying there needed to be other European nations involved. Trump told the World Trade Organization on Monday that "we'll be doing something" if the United States is not treated properly, just hours after the European Union said that USA automotive tariffs would hurt its own vehicle industry and prompt retaliation. Read More »

Leftist Andres Manuel Lopez Obrador elected president of Mexico


Candidates Ricardo Anaya and Jose Antonio Meade both said they were expecting to be celebrating when polls close later Sunday. The ruling PRI, or Institutional Revolution Part, is expected to suffer losses in this election. A win for the conservative National Action Party is predicted in the central highland state of Guanajuato. "This new national project will seek to establish an authentic democracy and we do not intend to establish a dictatorship", Lopez Obrador said. Read More »

Scaramucci mocks draft of Trump trade bill as 'FART Act'

But if shortened to an acronym, like many longwinded bill names are, Trump's plan could be known as the U.S. FART Act. Trump has complained frequently that the United States is treated unfairly in global trade and has sharply criticized the WTO for letting that happen. Read More »

President Trump Hopes For Good Ties With New President-Elect Of Mexico


Mexican president-elect Andres Manuel Lopez Obrador said on Monday he had spoken with President Donald Trump on the phone and offered to reduce US-bound migration in exchange for American assistance. AMLO ran on a populist platform, saying he's sick of the grip that Mexico's elite - or "power mafia" - have on the country. He vowed to lower the salaries of top officials and even cut his own $174,000 (AUD) salary in half. Read More »

Lyft acquires Motivate, a bike-sharing company


The deal comes at a time when more and more cities are recognizing the value of trying to reduce private-car ownership and usership-something Lyft and Motivate claim as one of their core business goals. 'We are particularly excited to work with cities on delivering innovation, including providing dockless and pedal-assist electric bikes to riders around the country, and Lyft will put resources behind the work that the Motivate team has begun, ' the firm said. Read More »

Mexico's Lopez Obrador says wants referendum after three years

We ask our panel whether the 64-year old's a radical or a reformer and see how the firebrand former mayor of Mexico City can or cannot make good on his promise to tackle corruption, violence, and fight for the poor. "The tendency favors Andres Manuel Lopez Obrador". Ricardo Anaya, National Action Party (PAN), 24 percent. In all, eight governorships plus the capital are up for grabs in Sunday's vote. Read More »

European Union warns Trump that auto tariffs could lead to $300B retaliation

According to the Financial Times, European leaders are getting more convinced that President Donald Trump will put new tariffs on European cars. But mounting trade tensions have opened a rift with the President. The EU sent comments to the US on whether auto imports pose enough of a threat to USA national security to justify tariffs and estimating the economic impact. Read More »

BOOZE AWAY: Amazon offers free alcohol delivery service in Houston


With Amazon , it's a bit more DIY - instead of sending a box curated by an in-house stylist, customers fill their own box with at least three and as many as eight items at a time. The service was launched today for not only Amazon's in-house clothing brands but also popular global brands like Levi's, Calvin Klein , Hugo Boss, Puma, Armani Exchange and more. Read More »

Mexico’s Lopez Obrador claims historic win, broad mandate


But Trump's national security adviser, John Bolton, suggested that the Republican president could find common ground with Lopez Obrador, predicting "some surprising results". It is the party of current Mexican President Enrique Peña Nieto, who has very low public approval ratings. "I don't see how (Trudeau) is going to get this done", he said. Read More »

The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts


The EU submission also reports a 25 percent tariff could have a $13-14 billion negative impact on US gross domestic product, Reuters reported . Trump has slapped billions of dollars' worth of tariffs on a number of countries in recent weeks, including tariffs on steel and aluminum from the EU. Read More »

Oil falls as Saudi, Russian output rises


Tehran, however, vowed on Sunday to foil any USA bid to block its oil exports. "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference", Trump wrote on Twitter. Read More »

Axios: Trump Bill Would Give Him Unilateral Power to Ignore WTO Rules

Axios reported that most of the officials who wrote the draft accept that it is untenable. The U.S. helped establish the WTO in 1995 as a way to mediate trade disputes and head off tit-for-tat trade wars of the kind that are now enveloping the U.S., Canada, Mexico, China, and the European Union. Read More »

Dude, Dell is going public again


Shareholders of EMC got shares of the tracking stock as part of Dell's payment for Hopkinton-based EMC. In a deal worth $21.7 billion, Michael Dell and the investment firm Silver Lake have announced an agreement to buy its tracking stock ( DVMT ) in exchange for a new class of public stock that will be listed on the New York Stock Exchange (NYSE). Read More »

Cleveland Cavaliers Looking To Trade Kevin Love Following LeBron James' Departure


The fact the Lakers are second-favorite to win the title next season is even more remarkable considering they last became NBA champions in 2010, also the previous year in which they reached the NBA Finals. Lakers owner Jeanie Buss deserves the assist for getting this done, as she's the one who made the bold move in February 2017 of firing her own brother, Jim Buss, and longtime general manager, Mitch Kupchak, after years of failed free agency pitches. Read More »

HTC to lay off 1500 employees from its Taiwanese manufacturing division

All the job cuts will be at its plant in Taiwan, where 1,500 people - roughly 22 of the total workforce - will be let go as the company deals with falling sales. HTC's scaling down comes amid a decline in its revenues and sales. The smartphone giant seeks to bring both its smartphone and VR wing under one leadership in the coming months. Read More »

Trump’s tariffs could put SC jobs at risk, BMW says

Commerce Secretary Wilbur Ross is investigating whether 20-percent tariffs on European-made cars could be justified for national security reasons, in a so-called "Section 232" probe. "In 2017, US-based European Union companies produced close to 2.9 million automobiles, which accounted for 26% of total USA production", it said, adding that they supported 120,000 U.S. Read More »

Trump dreams of WTO exit, but Mnuchin denies it


They said it's important to uphold the global commercial order amid "growing" tensions. "The EU must respond to all actions of a clear protectionist nature, including those calling into question the Common Agricultural Policy", according to the conclusions of the EU Council meeting. Read More »

GM, Toyota among manufacturers who oppose Trump’s call for auto tariffs


Last month, the Trump administration said it was considering imposing a 25% tariff on imported cars. General Motors came out swinging Friday against President Trump's proposed tariffs on foreign automobiles , saying they risked weakening the company's global competitiveness and would lead to job cuts at home and overseas. Read More »

Donald Trump says Saudis must compensate for drop in Iran oil supply


Trump said on Fox News' " Sunday Morning Futures " that European companies will face consequences as a result of the USA withdrawing from the Iran nuclear deal. Referring to reports that Saudi Arabia may increase its oil exports to replace Iranian oil in world markets, Jahangiri said: "Anyone trying to take away Iran's oil market (share) would be committing great treachery against Iran and will one day pay for it". Read More »

Canada Hits US With $12.6 Billion In Retaliatory Tariffs

As Canadians from coast-to-coast celebrated the country's 151st birthday, Prime Minister Justin Trudeau had business on the mind. The American goods that Canada has placed tariffs on include ketchup, lawn mowers and motorboats. Canada and Mexico are grappling with U.S. tariffs while also attempting to renegotiate NAFTA , a major free trade agreement with the U.S. In a variety of published reports , Trump said Sunday he plans to wait until after the mid-term elections to move forward with ... Read More »

Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

Earlier this year, to the chagrin of European partners, Trump said he would pull the United States out of the Iran nuclear agreement secured by world powers. He also mocked the US for "begging the Saudis" to increase oil production to drive down rising global oil prices. The US "down to zero" plan rests heavily on banning India and China from buying from the Iranians, and while Indian companies have suggested they will dial it back, China remains in the nuclear deal and nearly ... Read More »