Tuesday, 16 July 2019
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Crypto Market Retreats After SEC Rejects Winklevoss Bitcoin ETF Again


The SEC chose to reject the rule change needed for the Winklevoss fund to start trading after reviewing a March 2017 decision, which came to the same conclusion. Yet the SEC pushed back against this contention within the context of the Exchange Act's requirements, highlighting the lack of surveillance-sharing agreements with exchanges where the spot price of bitcoin is determined. Read More »

Trump's European Union truce isn't exactly a done deal


China, trying to threaten President Trump's voter base, retaliated on July 6 with $ 34 billion in tariffs against US exports, mostly focused on agricultural products. The $12bn bailout is seen as admission that Americans are being hurt by the president's protectionist policies. Instead, it called for more trade in liquefied natural gas (LNG) from the USA to the EU. Read More »

Facebook stock dives almost 20% on warning of slow revenue growth


Facebook has been rocked by a series of privacy and data-related scandals over the last few months, and investors were clearly unhappy by what the company's chief financial officer had to say yesterday. On a conference call with analysts, Zuckerberg chalked the decline up to the implementation of the EU's General Data Protection Regulation , or GDPR . Read More »

Donald Trump says China is 'vicious,' using United States farmers as trade pawns


China, trying to threaten President Trump's voter base, retaliated on July 6 with $ 34 billion in tariffs against US exports, mostly focused on agricultural products. The two leaders faced off over escalating dispute over tariffs and trade barriers that block USA goods. The Trump administration says farmers caught in the middle of trade policies could soon see financial relief but some Wisconsin farmers worry if it will solve the problem. Read More »

London taxi drivers may sue Uber in wake of license renewal


Articles appear on euronews.com for a limited time. Uber's licence application was initially turned down in September and an appeal judge said Transport for London had been correct in deciding that Uber was, at that point, not a fit and proper company to hold a licence. Read More »

Qualcomm ends NXP bid as it fails to win China approval


Meanwhile, Qualcomm reported a revenue of $5.6 billion for the third quarter, saying the revenue in the third quarter grew four per cent year-on-year. The deal was announced in October 2016 , just days before the election of U.S. President Donald Trump and was awaiting Chinese approval even as a trade dispute between United States and China intensified and the two countries clashed on issues such as ownership of technology and patents. Read More »

Facebook opening $30M subsidiary in China


Despite the efforts, Zuckerberg has been unable to get Facebook unblocked in China . It has always been an ambition of Facebook to be in China. Last year, Facebook edged its way back into China by quietly launching a photo and video sharing app called Colorful Balloons, without attaching its name to it. Read More »

Mexico Seeks a Swift Close to NAFTA Talks


The talks had moved slowly and stalled in the run-up to the July 1 presidential election in Mexico, which yielded a landslide victory for veteran leftist Lopez Obrador. The U.S.is angling for higher North American content in vehicles and for production to favor jurisdictions that pay more than $16 an hour, which is over five times the hourly wage for most Mexican auto workers. Read More »

Officer Helps Homeless Man Shave So He Can Apply For Job


Officer Tony Carlson, of Tallahassee PD in Florida , stepped in after spotting the man struggling to trim his beard using a broken razor and no mirror. "Officer Carlson's actions embodied TPD's philosophy of community-oriented policing through his recent act of kindness", DeLeo said. He explained: "It happens all the time, it just so happens this time somebody caught it on film". Read More »

Iran second largest oil supplier after Iraq in Q1


Mr Tsukioka said that Japan reduced Iranian oil imports significantly during previous global sanctions on Iran and the PAJ has been asking the Japanese government to conduct tough negotiations with the United States to maintain current level of Iranian oil imports. Read More »

European Union and United States launch talks in bid to quell trade tensions


Tuesday evening , hours before the meeting was to take place, Trump tweeted that he hoped the USA and the European Union could agree to "drop all Tariffs, Barriers and Subsidies". A United States investigation is ongoing into whether they constitute a danger to national security. A further hearing is scheduled to take place in late August on a newly proposed 10 per cent tariff on Chinese imports worth US$200 billion. Read More »

Premarket: Bond yields rise on BoJ easing talk while stocks slide


Regional share futures are pointing to higher levels for stocks after Europe and U.S. markets traded flat. It would be inappropriate to make remarks on the subject given the proximity of the Bank of Japan meeting, he said, adding that any policy decision would require sufficient discussion about prices and the state of the economy. Read More »

Trump suggests cutting all tariffs ahead of key meeting with EU


The meeting comes at a critical time for the trade relationship between the European Union and the U.S. After the 10 percent tariff on aluminum and 25 percent on steel, The Washington Post reported that Trump is considering slapping a 25 percent tariff on automobiles, an idea that has drawn fierce criticism from European Union officials - from where many U.S. Read More »

ICJ warns United States of any new move against Iran


Echoing Iranian President Hassan Rouhani's stances against the USA, the general recommended the United States not to play with the lion's tail, saying the bases and interests of the enemies, particularly the U.S., are within the reach of the Islamic Republic's "overt and covert power". Read More »

Company tested four-day work week, results may surprise you


Following the trial , satisfaction with work-life balance increased from 54 percent to 78 percent and stress levels dropped from 45 percent to 38 percent. "The benefits from this are far wider than people actually appreciate", Barnes said . Post-trial, he said the improved numbers were "easily the highest I have seen" compared to national statistics. Read More »

Asus, Denon & Marantz, Philips and Pioneer fined by EU


The European Commission was recently in the news for imposing a huge €4.3bn anti-trust fine on Google, which made quite an impact on the firm's latest quarterly results . It engaged in illegal practices in 12 European Union countries, including France, Germany, the Netherlands and Britain, the Commission said, adding that the other companies did so in one or two countries. Read More »

Facebook stock tumbles as user, revenue growth lag


Many Facebook analysts hope that Instagram's growth will help offset any stagnation at the older social network. "Over the next several years, we would anticipate that our operating margins will trend towards the mid-30s on a percentage basis", Wehner said , adding that margins would be down for more than two years. Read More »

Former Ferrari boss Marchionne dies

Former Fiat Chrysler CEO Sergio Marchionne has died, according to a statement by the carmaker's controlling family shareholder on Wednesday. He was due to step down at FCA in April next year. At FCA, Marchionne flattened an inflexible hierarchy, replacing layers of middle management with a meritocratic leadership style. Read More »

Ahead of EU Meeting, Trump Rails at Domestic Critics


Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to US national security, an argument that the European Union and Canada rejects. The United States and European Union are locked in a trade dispute stemming from Trump's decision to impose steep tariffs on USA imports of steel and aluminum. Read More »

Winning Mega Millions jackpot ticket sold in California


The winning numbers were 19, 2, 4, 1 and 29. In total, there were 3,109,361 winning tickets Tuesday night at all prize levels, including the jackpot. Lottery officials say winners have one year to claim their jackpot. The store stands to receive $1 million for selling the winning ticket. PHOTO: A sign displays that the Mega Millions Lottery prize is $512 million at a newsstand in New York City, July 23, 2018. Read More »

Papa John's board adopts 'poison pill'


Schnatter resigned as chairman after admitting to using the N-word on a conference call. He admitted to using the offensive term and apologized, while saying his comments were taken out of context. Brands Inc.'s Pizza Hut. A special committee of the board chose to remove Schnatter's likeness from the logo - and barred him from talking to the media. Read More »

Five Crucial Moments in FCA Exec Sergio Marchionne's Illustrious Career

The Italian-Canadian executive's passing was confirmed today by Exor, the holding company of Fiat's founding Agnelli family. "Unfortunately, what we feared has come to pass. Marchionne joined Fiat in 2004 and led the Turin-based company's merger with bankrupt USA carmaker Chrysler. As his professional life progressed, Marchionne returned to Europe where his success in restructuring ailing companies saw him tasked with turning around Fiat. Read More »

Fiat Boss Sergio Marchionne dies aged 66

His health reportedly rapidly deteriorated following the surgery, leading to Marchionne's departure from Fiat Chrysler over the weekend . He added: "My family and I will always be grateful for what he has done". Just two years later Marchionne had returned the company to a profit by wringing some $2 billion from an alliance with General Motors and drastically cutting costs. Read More »

Iranian FM Zarif warns Trump: We've been around for millennia, BE CAUTIOUS!

Based on the USA official stance on sanction waivers, analysts expect Iran's crude oil exports to fall by as much as two-thirds to about 700,000 bpd by the end of the year. Mr Rouhani also scoffed at Mr Trump's threat to halt Iranian oil exports and said Iran has a dominant position in the Gulf and the Strait of Hormuz , a major oil shipping waterway. Read More »

Ryanair strike maintained despite meeting between management and unions


Jacobs said that negotiators on behalf of the pilots needed to improve their understanding of issues on which the sides remained at odds, including base transfers, pan-European seniority and annual leave. Given that Ryanair cabin crew enjoy great pay, industry leading rosters, great sales commissions, uniform allowances and sick pay, these strikes are entirely unjustified and will achieve nothing other than to disrupt family holidays, and benefit competitor airlines in Belgium, Portugal and ... Read More »

Trump prepares $12 BILLION bailout fund for farmers hurt by tariffs


In addition to the direct impact of tariffs on American farm products, farmers have also been hurt by US tariffs on foreign steel imports. With congressional elections coming soon, the government action underscored administration concern about damage to US farmers from Trump's trade tariffs and the potential for losing House and Senate seats in the Midwest and elsewhere. Read More »

Gingrich on $12B Farm Plan: Trump 'Not Going to Back Down'

Two days before President Trump is to face farmers in Iowa, the administration announced on Tuesday it would spend up to $12 billion, with the largest share going to row crop and livestock producers, to offset the impact of the tit-for-tat tariff war facing US exports. Read More »

Trump Administration to Announce Plan to Shield Farmers From Trade War


Trade conflicts "are having a real and costly impact on the rural economy and the ability of rural businesses to keep their doors open", said Wisconsin Senator Tammy Baldwin, a Democrat, asking Trump to develop a farm plan. The plan will take effect around Labor Day, with the $12 billion total "calculated to match the estimated $11 billion of economic damage that retaliatory tariffs will inflict on US farmers", officials told The Washington Post . Read More »

'Tariffs are the greatest!': Trump reissues threat against U.S. trading partners

The U.S. and China have threatened to impose 25 percent tariffs next week on $16 billion of each other's goods. These Chinese tariffs have hit farmers particularly hard. The Agriculture Department was expected to announce the plan later Tuesday. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs". Read More »

Mega Millions jackpot tops $500M


This is the fifth-largest jackpot in game history. You can buy your own jet, an island in the Bahamas, or even a baseball team. Mark Michalko, the Executive Director of the Lottery, says the easiest thing to do is only buy unscratched tickets from authorized retailers . Read More »

Trump administration to provide billions in aid to farmers hurt by tariffs


Trump wrote in a Twitter post Tuesday, warning countries must negotiate a "fair" trade deal or they will get hit with tariffs. Trump defended his trade actions earlier on Tuesday. The new plan at the Agriculture Department would advance emergency funds for these farmers but likely not provide a long-term solution if the trade disputes with China and other countries persist. Read More »

Iranian President Threatens U.S. With Mother Of All Wars


Yet animosity directed at the Iranian leadership is an established part of the administration's broader foreign policy. She referenced the president's all-caps tweet in which he warned Iranian President Hassan Rouhani to "never, ever" again threaten the U.S. Read More »