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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

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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'?

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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

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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

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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

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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

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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

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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'

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 »

Tesla hits Model 3 manufacturing milestone, hours after deadline

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The 5,000th vehicle finished final quality checks at the Fremont, California factory and was ready to go around 5am local time, one person said. A leaked email from Elon Musk later specified that the 7,000-vehicle output was comprised of 5,000 Model 3 and 2,000 Model S and Model X . Read More »

Norwegian crew member who went overboard found 22 hours later

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During the rescue, a passenger on the Carnival Glory, Debbie Mortham, took cellphone video of the crew member being picked up at sea and tweeted "Not our man overboard but man treading for at least a day". More Coast Guard assets joined the search not long after. "The Carnival Glory had found someone in the water waving their arms and they rescued him and he was the missing Norwegian crewmember and that was roughly about 21 miles north of Cuba", said U.S. Read More »

Trump pressures Saudi Arabia to increase oil production

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The cartel, which had curtailed production in 2016, also said it would boost output more later in the year to offset limits on Iranian oil sales resulting from the re-imposition of US sanctions on Iran . Iran being its third largest supplier of oil, India is poised with a possible oil problem after the deadline. "Putting aside the fact that Saudi Arabia has no such capacity to bolster its crude output, this demand [by Trump] could be inferred as an order for the kingdom to walk out of ... Read More »

Faster delivery of nearly everything is the next big thing | AP business

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Dave Clark, Amazon's senior vice president of worldwide operations, said the new program is not a response to the president, but a way to make sure the company can deliver its growing number of orders. Clark said that the new program will supplement Amazon's existing shipping setups, and that all its usual relationships with partners, including the USPS, will remain intact. Read More »