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Trump says United States ready to tax all Chinese imports should need arise

Washington may slap import taxes on all $505 billion worth of Chinese goods should it become necessary if the trade conflict with Beijing escalates, US President Donald Trump told CNBC. The administration has also accused China of engaging in unfair trade practices by forcing American investors to turn over key technologies to Chinese firms. Read More »

USA crude rises 1%, on strong gasoline demand signals


Production of crude topped 10.7 million barrels per day with production of natural gas hitting 4 million barrels per day, according to an analysis released by the American Petroleum Institute (API) Thursday. Fresh weekly data on United States commercial crude inventories on Tuesday and Wednesday will help gauge the strength of demand in the world's largest oil consumer. Read More »

Trump gripes about Fed in rare rebuke by sitting president

It is unusual for a sitting president to criticize the Federal Reserve, which is an independent body, free to set monetary policy without influence. But Trump - in a tit-for-tat tariff war with the EU, China, Mexico and Canada - said he was anxious that the timing put the USA at a "disadvantage" while the European Central Bank and the Bank of Japan maintain loose monetary policy, the network reported. Read More »

Auto industry tells Commerce Department to ditch tariff proposal

Trump made the statement one day after he appeared to side with Russian President Vladimir Putin's denials of Russian election interference in the 2016 election, a contradiction to us intelligence findings. The stakes are high for the world economy and the global auto industry. And one in seven consumers would delay purchasing a vehicle until the tariffs are removed, with only 7 percent saying they would pay more an imported vehicle they liked. Read More »

Trump ‘not thrilled’ about Fed decision to hike interest rates

The Fed last month raised its policy rate for a second time this year and projected two more increases in 2018. He said he was "not happy" about recent rate hikes. White House spokeswoman Lindsay Walters said in an emailed statement that the president "respects the independence of the Fed", adding that his views on rates "are well known and his comments today are a reiteration of those long-held positions". Read More »

Google finds friend in Trump amid European Union battle


Required manufacturers to pre-install the Google Search app and browser app (Chrome), as a condition for licensing Google's app store (the Play Store). We'll see where things go from here, so stay tuned. "A vibrant ecosystem, rapid innovation, and lower prices are classic hallmarks of robust competition", CEO Sundar Pichai has also suggested that the ruling will mean that Android will no longer be offered for free. Read More »

British PM wins key Brexit vote despite ongoing rebellion


Plaid Cymru, who have rejected deals with the Conservatives in the Welsh Assembly, said if stopping a "hard Brexit" required them to enter an all-party government "so be it". In two votes in the United Kingdom parliament this week, the latest on Tuesday night, May only just avoided defeat at the hands of pro-EU members of her party. Read More »

Surprise stall for inflation raises questions over interest rate hike


Annual CPI inflation remained static even though petrol prices jumped by 2.7 pence per litre between May and June, in contrast to a 1.1p-a-litre fall between the same two months of a year ago. He noted that 10 of the 12 largest energy suppliers - including British Gas, Scottish Power, EDF Energy - have announced price rises which will kick in over the summer. Read More »

Walmart, Microsoft Join Forces to Compete With Amazon


Walmart already uses Microsoft services for critical applications and workloads. Walmart is banking on Microsoft provide it with the technology foundation to meet the demands of today's evolving consumer marketplace. -based retailer's applications to cloud-native architectures. It also launched new apps for back-to-school shopping. Microsoft 365 will also be rolled out to Walmart associates, giving them access to productivity tools like Workplace Analytics, OneDrive, and ... Read More »

Long-troubled Deutsche Bank says profits unexpectedly high


Deutsche Bank expects higher-than-forecast earnings in the second quarter of 2018. New Chief Executive Officer Christian Sewing is cutting thousands of jobs and paring back businesses in the US and Asia after recent attempts to restore profitability ended up eroding revenue. Read More »

Boeing Racks Up Firm Orders at Airshow, Airbus Not So Much


President Donald Trump threatens to raise tariffs on a variety of goods and other countries prepare to retaliate". "Beyond the order avalanche, manufacturers, suppliers and airlines use the event to haggle over contracts and float ideas for new planes and ventures", Bloomberg adds . Read More »

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


He said:" Singapore Airlines is honoured to be named "World's Best Airline" in the Skytrax awards, and I dedicate it to the 26,000 SIA Group employees who focus every day on delivering the world's best travel experience to our customers". This is the fourth time that SIA has been named world's best airline by the London-based research firm, after wins in 2004, 2007 and 2008. Qatar Airways Cabin Services Director, Ana Ciobanu gives a tour on the Q suite on board Qatar Airways. Read More »

European Union strikes free trade deal with Japan amid rising U.S. protectionism


Once passed, the AP reports Japan will see lower prices on European wines, cheese, pork, handbags, and pharmaceuticals while the EU will see lower price tags on Japanese machinery parts, tea, and fish. Japan will scrap tariffs on hard cheese such as cheddar and gouda in the 16th year of the treaty, while duties will be scrapped on European chocolate and pasta after 10 years. Read More »

Ryanair flight loses cabin pressure, 33 hospitalised


A passenger on board the plane said the air in the cabin went cold, oxygen masks dropped and the plane made an unexpected dive. When the plane began to plummet, Brownlee and another passenger, Sara Sihelnik, said they had no updates from the hostesses or captain. Read More »

Amazon’s Bezos becomes richest man in modern history, with wealth topping $150bn


Adjusted for inflation, Gates' net worth was around $149 billion at the time. Bloomberg reported that Bezos has more wealth than anyone since at least 1982 when Forbes began publishing its wealth ranking. A Federal Reserve report found the top 1% of U.S. families controlled 38.6% of wealth in the USA in 2016, compared with 22.8% held by the bottom 90%. Read More »

Papa John's founder alleges extortion, says he shouldn't have resigned


That was just months after he exited the chief executive officer job over critical comments about the National Football League's national-anthem controversy. In the report last week, Forbes said Schnatter used the N-word during a media training session in May, and that the incident led the Laundry Service marketing firm to sever its ties with Papa John's. Read More »

U.S. Expects China to Buy Even More Iranian Oil After Sanctions


Some in Washington now expect that China will vacuum up much of the Iranian oil that other nations won't buy because of the threat of USA sanctions, according to a senior US government energy official. The US delegation is here as part of the Trump administration's efforts to reach out to countries who are major importers of oil from Iran. "What they've asked us to do is review how we get there and the timeline for that", he said, "and so I'm very confident they understand". Read More »

Japan, EU agree to eliminate nearly all tariffs

The presidents of the European Council and the European Commission, Donald Tusk and Jean-Claude Juncker, were in the Japanese capital of Tokyo on behalf of the 28 EU member states for the signing ceremony. Japan and the EU account for about a third of global GDP and their trade relationship has room to grow, according to EU officials, who expect the deal to boost the EU economy by 0.8 percent and Japan's by 0.3 percent over the long term. Read More »

Poundworld store closures: Full list of ANOTHER 80 closures HERE


The stores will be closing between Friday 20 July to Sunday 22 July. The closures will leave Poundworld with just 230 open branches. Clare Boardman, joint administrator at Deloitte, said: "Whilst we remain hopefully that a sale for part of the business can still happen, it has not been possible to sell the business as a whole, resulting in today's announcement". Read More »

International Monetary Fund lowers India’s growth projection to 7.3% in 2018


Based on its projections, the fund added this translated to nearly $500 billion in lost annual output - the equivalent of eliminating an economy the size of Thailand. Nigeria's growth is set to increase from 0.8% in 2017 to 2.1% in 2018 and 2.3% in 2019 on the back of an improved outlook for oil prices. Growth in China is projected to moderate from 6.9% in 2017 to 6.6% in 2018 and 6.4% in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report ... Read More »

US launches WTO challenge against Canada's tariffs


As a result of the American's targeting of global trade, the European Union and China are hoping to open up new barriers to reignite their own stagnating business relations. Darson Chiu is a researcher at the Taiwan Institute of Economic Research. The move is unusually swift, coming less than one week after the U.S. Trade Representative proposed 10 percent tariffs on a $200 list of Chinese goods. Read More »

Amazon Prime Day TV Deals Worth Watching


Dengler also recommended that consumers check CamelCamelCamel , an Amazon price-checker, to ensure they're getting a good deal. Similarly, if you're looking to extend your Prime membership - especially if you use the video streaming services - then Prime Day is the time to do that. Read More »

Apple India's three top executives, including sales and distribution heads, quit


But unlike Xiaomi , the Chinese smartphone manufacturer whose value priced handsets are rocketing off the shelves in India, Apple is having a hard time. "IPhone India sales were weak in the first half of 2018 and, even if they show a big jump in the traditionally strong second half, Apple will still fall short of a year ago", said Neil Shah, a research director with Counterpoint. Read More »

CVS managers involved in Chicago coupon incident fired


As revealed in the video , the manager identified as Morry Matson appeared to describe Hudson as an "African-American", leading her to interject. In her post , Hudson said three police officers eventually arrived and that she spoke with them before leaving the store. Read More »

Netflix is getting whacked after adding fewer subscribers than expected (NFLX)


Well to many adding 4.47 million subscribers and hitting a new all-time high in subscribers sounds great to wall street they wanted to see a higher subscriber count. Calling the quarter "strong but not stellar", Netflix boss Reed Hastings cited hurdles such as increased competition from YouTube, HBO, Disney, Amazon and Apple, as well as foreign currency fluctuations as the streaming giants accelerates its worldwide business. Read More »

Amazon Prime Day: The best deals on bluetooth and wireless speakers


CNET's Dan Ackerman joins "CBS This Morning" to discuss what to expect from the big sale. The company will offer free Amazon Prime trials, deals at Whole Foods, a massive concert performed by Ariana Grande and more. and lasts until midnight on Tuesday. Walmart , meanwhile, is offering some big-screen TVs at lower-than-Black Friday prices. One Click Retail estimates that Amazon sells about $1 million per minute during peak time on Prime Day, based on last year's data. Read More »

EU urges big powers to avert trade 'conflict and chaos'

Tusk condemned Trump's swipes at European allies last week amid rising geopolitical tensions, and he urged world leaders Monday in China to settle their economic disputes by reforming the World Trade Organization - a body that all parties have agreed needs improvement. Read More »

Papa John’s founder John Schnatter kicked out of his office


Schnatter maintains an expansive office suite on the top floor of the company's headquarters building in Jeffersontown. CEO Steve Ritchie provided one. We'll be transparent with you along the way. We want to regain your trust, and we will work hard to earn it. "We know we can do better and I'm confident that we will", Ritchie said in May. Read More »

Elon Musk calls Thai cave rescuer a paedophile, may face legal action


The attack by Mr Musk , 47, came after the experienced cave diver rubbished the Telsa CEO's plans to use a miniature submarine to save the boys. What just happened? It's fair to say that Elon Musk does not take criticism well. Thai navy seals escorted us in - total opposite of wanting us to leave. This has, inevitably, led Musk into a rhetorical war with people who actually participated in the rescue operation - a war that he drastically escalated on Sunday morning, when he called ... Read More »

Target Launches Rival Sales Event to Coincide With Amazon's Prime Day


Amazon Prime Day Dates In 2018, this shopping carnival starts on July 16 noon and will end by July 17 midnight. According to CNBC, Amazon normally charges sellers $500 to run a " lightning deal " but for Prime Day 2018 they'll charge them $750 which, the thinking goes, will lead to sellers to list only their very best deals . Read More »

Apple launches $300 mn 'green' fund for China suppliers


Apple is investing in over 485 megawatts of clean energy projects across six provinces in China, to address upstream emissions in our supply chain. Image Source: Apple . The initial suppliers taking part in the initiative are Catcher Technology , Compal Electronics, Corning Incorporated, Golden Arrow, Jabil, Luxshare-ICT, Pegatron, Solvay, Sunway Communication and Wistron . Read More »