Economy

Trump Accuses China, E.U. of Currency Manipulation

The figure is roughly double the value of Chinese products on which Trump has already imposed or threatened to impose tariffs-and almost equal to the total valu...


GST Council reduces tax rates on more than 50 items

The Finance Minister informed that the Special meeting of GST council will be held on 4th of next month in Delhi and it will be focussed on Micro, Small and M...


Microsoft revenue exceeds $100bn boosted by cloud services

This brings the total revenues for the fiscal year to a mightily-impressive $110.4 billion. Productivity and Business Processes grew 13% (10% CC), with Offic...


What is a currency war and could Trump trigger one?

President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs , sending US markets sliding before the opening...


Elon Musk In Hot Water Over 'Pedo' Tweet (NASDAQ:TSLA)

Unsworth was among the first to respond when authorities in northern Thailand asked for help on a massive search and rescue operation for a youth soccer team ...


China vows to fight back as the trade war escalates

Beijing's Commerce Ministry called the new tariff list "totally unacceptable" and says China would impose countermeasures and file a lawsuit at the World Trade...


China retaliates as trade war starts and Fed warns of economic hit

A China central bank adviser said the planned US import tariffs on $ 50 billion worth of Chinese goods - $34 billion plus a planned follow-on list worth $16 bi...


Prime Day returns on July 16th, deals are starting now

You can see them all on Amazon's Prime Day 2018 hub, but there are two in particular that we wanted to bring to your attention. Pro tip: You can also learn ab...


76ers to meet with LeBron James' agent in Los Angeles

He played in all 82 games for the first time in his 15-year career in 2017-18 and becomes the first player in National Basketball Association history to lead ...


Tesla hits Model 3 manufacturing milestone, hours after deadline

Musk also said Tesla had hit its 7,000 per week Model S and Model X production targets at the same time . Tesla released its eagerly-anticipated seco...


Saudis will pump up oil production, says Trump

In reality, the output increase isn't expected to exceed 700,000 barrels per day because some members are already pumping at maximum capacity. "During the cal...


'It is a dollar for dollar response': Canada strikes back at US

Prime Minister Justin Trudeau's government released Friday the final list of items that Canada will target beginning July 1. Foreign Affairs Minister Chrys...


In farewell to USA shoppers, Toys 'R' Us urges 'Play on!'

But numerous children who happily sang the "I don't wanna grow up, I'm a Toys R Us kid" jingle grew into busy parents who found shopping online more convenient....


Harley Davidson Is Moving Some Of Its Production Out Of The US

The company reported $5.65 billion in revenues past year and Europe is its largest overseas market, with nearly 40,000 customers buying motorcycles there in 201...


Shopping online? Now you will have to pay taxes

In addition to being a win for states, the ruling is a win for large retailers, who argued the physical presence rule was unfair. "If you are a local busine...


Online sellers consider how to comply with sales-tax ruling

The 5-4 Thursday decision in South Dakota v. Wayfair overturned a 1992 ruling that said retailers could only be required to collect sales taxes in states whe...


China accuses USA of trade ‘abuses’ as India hits back at Trump

He pledged to impose tariffs on imports from countries that Trump said had exploited the United States . The European Union slapped revenge tariffs on icon...


Oil prices rise ahead of OPEC’s June 22 meeting

The oil market would normally hear a decision, and typically react, on the same day as the meeting of OPEC members, which is set for this Friday, "but this ...


German automakers offer to end EU's tariff's on U.S. autos

The Commission formally adopted a law putting in place the duties on 2.8 billion euros (RM12.9 billion) worth of US goods, including steel and aluminium product...


Oil slumps below $65 as OPEC clash looms, trade war escalates

Thus, although Saudi Arabia and Russian Federation might decide increase the output, the higher production might not offset the disruptions. Members of the Or...


China Join Hands to Counter OPEC’s Dominance in Asian Oil Market

U.S. President Donald Trump said on Wednesday oil prices were too high and blamed OPEC, renewing his attack even as prices fell on Wednesday amid expect...


European Central Bank calls halt to quantitative easing, despite 'soft' euro

The U.S. dollar edged lower against the Japanese yen on Friday, as President Donald Trump announced hefty tariffs on $50 billion of Chinese imports and Beijing ...


Chicago Picks Musk's Boring Co. for O'Hare Express Service

At a news conference with Mayor Rahm Emanuel on Thursday, Musk said the Loop "will ultimately transition to the Hyperloop system". Last year, mayor Eman...


AT&T closes $85 billion deal for Time Warner

The ruling allowed AT&T to absorb the owner of CNN , HBO , the Warner Bros. movie studio, "must-see" shows and coveted sports programming like college basketb...


Amazon expands Prime Whole Foods discount to Alabama

Amazon is expanding benefits at Whole Foods stores to Prime members in North Carolina. Prime member deals will be prominently featured in store and customers...


Judge clears AT&T takeover of Time Warner

The Justice Department argued that the merger between AT&T and Time Warner would introduce unfair advantages in the marketplace. "This decision from J...


Domino's Pizza is paving the nation's potholes, but not Michigan's

Why? To reduce pizza "pizza jostling" and "irreversible damage to your pizza on the ride home", the company says . In a semi-dystopian twist, Domino's embl...


IHOP reveals the mystery of IHOb

With that being said, they have " breakfast " burgers , as well. The so-called beef went away as soon as it started, however, with Wendy's signing a sort o...


Kwesi Nyantakyi resigns as Ghana FA President after bribery exposé

Ghana's Sports Minister Isaac Asiama has stated that the association will be "dissolved with immediate effect", Ghana Web reports. Below is the full stat...


By Law, Trump Must Discuss Human Rights with Kim

He has also dangled the prospect of Kim Jong Un visiting Washington if the meeting goes well. Log in if you are a subscriber or register to get access. "We'...


G7 leaders meet amid fear of a global trade war

Europe and hosts Canada warned US President Donald Trump on Thursday that they will not be intimidated at the G7 summit, despite fears that a trade war will wea...


Microsoft sinks deep sea data centre off Orkney

The data centre was towed out to sea where it was lowered underwater, switched on and connected to data backhaul to shore through a combined fibre-optic and pow...


No agreement yet between US, China on ZTE: Trump aide

USA companies could soon be cleared to do business with China's ZTE, according to Reuters . ZTE had previously violated USA sanctions on North Korea and Ir...


Trump sticks with hard line on trade as showdown looms at G7

Apparently the Smithsonian Institute agrees with the President, publishing an article titled, " Today We Celebrate the Time Canada Burned Down the White House "...


China warns USA against tariffs as trade talks end

Ross , who was preceded by more than 50 USA officials in Beijing , met Chinese Vice Premier Liu He for dinner on Saturday night and the two were due to meet ...


Oil slides amid 'lack of clarity' on OPEC and record U.S. production

WTI's discount to Brent widened, settling at US$11.02 a barrel after ballooning to as much US$11.57 during the session, largest since 2015. "We are going in...


Trump Keeps Promise as Manufacturing Jobs Soar

The answer to this question is clearly that we can not be sure that this hasn't or wouldn't happen thanks to the fact that this President has already violated a...


How To Celebrate National Donut Day

Five specially-selected restaurants in Buffalo, NY, Columbus, OH, and Detroit will offer 24k gold-covered Timbits, the chain's version of doughnut holes. Datz D...


Tesla Model 3 gets Consumer Reports recommendation after braking fix

Musk argued that the braking issue could be fixed with an over-the-air software update (OTA), technology that Tesla regularly relies on to improve performan...


Oil prices are falling fast. Here's why

In April, pact participants cut production by 52 percent more than required, with falling output from crisis-hit Venezuela helping OPEC deliver a bigger red...