Finance

Trump slaps additional 10% tariffs on $200bn in Chinese goods

Trump slaps additional 10% tariffs on $200bn in Chinese goods White House economic adviser Larry Kudlow announced during an interview on Monday that President Donald Trump would likely be imposing new tariffs on a "couple hundred billion" worth of imports from China . In fact, tariffs are taxes that are paid by Americans who import goods from overseas. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the preside... [Full Article...]

Husband-wife team buys Time magazine for US$190 million

Benioff, who has a net worth of $6.5 billion, serves as the co-chief executive officer of Salesforce, but the deal is unrelated to the tech company, according to the statement. The Benioffs said they won't be involved in day-to-day operations or journalistic decisions. Benioff, who ranks 246th on Bloomberg's billionaire's list , is promising a similar arrangement with Time . [Full Article...]

Strawberry sabotage: WA not affected by needle contamination

Strawberry sabotage: WA not affected by needle contamination A 21-year-old Burpengary man who bit into a strawberry with a needle inside it on Monday told The Courier Mail he ended up in hospital after swallowing part of it. She said that people can "chop them in half" if they remained concerned about the presence of needles. Three more cases of needles and pins found in strawberries have been confirmed, with six brands now believed to be affected. [Full Article...]

Canadian trade negotiators to brief PM Trudeau in person

Canadian trade negotiators to brief PM Trudeau in person Prime Minister Justin Trudeau has said the mechanism is crucial to a new NAFTA, but Mexico already has agreed to drop it. "And one of the things that I think we are accomplishing in this agreement is a better deal for Canadian and USA workers in the auto sector". [Full Article...]

Jeff Bezos is donating money to fix a problem his company perpetuates

Jeff Bezos is donating money to fix a problem his company perpetuates The fund will be split between Day 1 Families Fund and Day 1 Academies Fund. The fund will also seek to launch and operate "a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities", he wrote . [Full Article...]

Top White House economist fact-checks Trump on GDP claim

Top White House economist fact-checks Trump on GDP claim Following last Friday's blockbuster August jobs report, and with nail-biting midterm elections less than 60 days away, the 44th and 45th presidents crossed swords, with Mr Trump continuing to counterpunch through the weekend and into Monday morning. [Full Article...]

Petrol prices touch Rs 90.11 in this Indian city

Petrol prices touch Rs 90.11 in this Indian city While Rajasthan on Sunday announced a 4 per cent cut in the VAT on petrol and diesel, Andhra Pradesh Monday said fuel prices will be reduced by Rs 2 each from the cut in sales tax. While the dharna was on, Karnataka CM H.D. Kumaraswamy met the Prime Minister seeking a relief of Rs. 1,199 crore for flood-hit districts of the State. [Full Article...]

Obama's criticism of Trump "very disappointing": Pence

Obama's criticism of Trump Southern California is a key battleground as Democrats work to oust Republicans from their stranglehold on elected positions in the area. "Obama is a great messenger to get them to vote for Democrats", Pfeiffer said. you never heard me threaten to shut them down" to his desire to build a border wall with Mexico. On his Twitter account, Trump did not respond directly but instead shared tweets... [Full Article...]

Petrol, diesel prices scale new highs on rupee woes

Petrol, diesel prices scale new highs on rupee woes Current price levels, where petrol has breached the Rs 80 per litre mark in many states, are due to a combination of factors. Price of price per litre in Ahmedabad rose by 55 paise, while that of diesel rose by 48 paise, a sea change compared to daily changes of about three or four paise that was happening on most days till now. [Full Article...]

Bitcoin price (BTC/USD) drops below $6,500 amid market-wide crypto slump

Bitcoin price (BTC/USD) drops below $6,500 amid market-wide crypto slump The "gold rush" is in the past and now the average person is aware of blockchain and digital currencies, thus erasing the surprise element of previous year. However, the retreat of Goldman Sachs makes one wonder if the funds will make it to market. Additionally, ETH lost most of the gains it had during last years' bull run. [Full Article...]

Trump says he’s ready to hit China with $267bn in additional tariffs

Trump says he’s ready to hit China with $267bn in additional tariffs Earlier this week, Apple said in a regulatory filing that the president's proposed $200 billion in fresh tariffs on China would cover "a wide range of Apple products", from its Mac Mini computer to cables, chargers and laptop cases. "If the U.S. dogmatically implements any new tariff measures against China, China will have to take the necessary countermeasures ", commerce spokesman Gao Feng ... [Full Article...]

Alibaba co-founder Jack Ma announces plans to retire at 54

Alibaba co-founder Jack Ma announces plans to retire at 54 Ma stepped down as Alibaba's CEO in 2013 but retained a role as executive chairman and a stake in the company. Ma said the move will be " the beginning of an era " and revealed that he may now focus on education, which he " loves ". Richard Liu, the billionaire founder of Alibaba's main competitor JD.com, was briefly arrested in the U.S. over a rape allegation last week. "It doesn't matter h... [Full Article...]

Canada's Trudeau faces hard choices at NAFTA talks

Canada's Trudeau faces hard choices at NAFTA talks A day after Prime Minister Justin Trudeau offered a full-throated defence of Canada's cultural exemption in NAFTA , Foreign Affairs Minister Chrystia Freeland returned to Washington on Wednesday and resumed talks with Lighthizer. Canada, Mexico and the United States have been re-negotiating the 24-year-old NAFTA deal for more than a year. Faced with an unpredictable US president ready t... [Full Article...]

Petrol price hits a record high in Mumbai

Petrol price hits a record high in Mumbai The US sanctions on Iran is not the only reason for India to be anxious about a possible spike in petrol and diesel prices. Since August 16, petrol prices have risen by over Rs 2 per litre and diesel by Rs 2.42 a litre. The wholesale price per litre of diesel will remain unchanged at R13.92 in coastal areas and R14.41 inland - bearing in mind that the retail price will vary from forecourt to f... [Full Article...]

Xi announces $60bn financing for Africa

Xi announces $60bn financing for Africa Last month, Malaysian prime minister Mahathir Mohamad canceled more than $20 billion worth of planned Chinese infrastructure projects, saying he was concerned about paying for them. Apart from military aid to the African Union, Beijing will support countries in the Sahel region and others bordering the piracy-ridden Gulf of Aden and Gulf of Guinea. [Full Article...]

Bloomberg Journos Didn't Leak Trump Comments, Toronto Star Reporter Says

Bloomberg Journos Didn't Leak Trump Comments, Toronto Star Reporter Says The president warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether. "We're looking for a good deal". exports of services to Canada are up from pre-NAFTA levels by some 243 per cent. "I gave an interview yesterday to Bloomberg Business, and I said 'off the record, ' and I made a statement about Canada, which is fine because I... [Full Article...]

LEGO builds a full-scale, drivable Bugatti Chiron out of LEGO Technics

LEGO builds a full-scale, drivable Bugatti Chiron out of LEGO Technics Yesterday they unveiled a 1:1 recreation of the Chiron that could not only be driven, but was powered by 2 304 of LEGO's own electric motors which are usually intended for tiny toy cars. At full clip, Lego estimates a top speed of about 19 miles per hour, which is pretty good for a 3,300-pound hunk of plastic and steel running on air and electricity. [Full Article...]

Stunning Victory for Indigenous Nations as Canada Halts Trans Mountain Pipeline Expansion

Stunning Victory for Indigenous Nations as Canada Halts Trans Mountain Pipeline Expansion The court ruled the National Energy Board's review of the project was flawed because it failed to consider impact on marine life. By coincidence, shareholders in Kinder Morgan Canada voted Thursday on the sale of Trans Mountain to the feds, with 99.98 per cent giving the deal a thumbs up. [Full Article...]

California passes ‘Gold Standard’ net-neutrality protections

California passes ‘Gold Standard’ net-neutrality protections The California Bill is the most significant victory for supporters of net neutrality rules since the FCC chairman, Ajit Pai, scrapped federal regulations previous year. It gave California internet users the ability to know what information a company like Facebook or Google was collecting, and how it was being used and shared with third parties. [Full Article...]

Coca-Cola to buy United Kingdom coffee chain Costa for $5.1B

Coca-Cola to buy United Kingdom coffee chain Costa for $5.1B Shares in Whitbread Plc have surged nearly 20 percent on news of the deal on Friday, adding more than £1 billion ($1.3 billion) to the group's stock market value, as financial analysts said the price was markedly higher than expected. [Full Article...]


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