China to invest $14b in South Africa

At the same time, European Commission president Jean-Claude Juncker is meeting with Trump on Wednesday at the White House to try and de-escalate the looming trade war. Xi's country has the most at stake in a potential trade conflict, accounting for t... More..

by | Published more than a month ago
Philips, ASUS, Pioneer Hit With $100M+ Antitrust Fine
by | Thursday, July 26, 2018

Philips, ASUS, Pioneer Hit With $100M+ Antitrust Fine

The EU Commission states that it's clear the price interventions of ASUS , Pioneer , Philips , and Denon & Marantz limited effective price competition between retailers and led to higher prices with an immed...More..

Facebook Stock Down 9% Following Q2 Revenue Miss, Slowing User Growth
by | Thursday, July 26, 2018

Facebook Stock Down 9% Following Q2 Revenue Miss, Slowing User Growth

The ad sales portion of revenue hit $13 billion in the second quarter, good for a gain of 42 percent from the year prior. The key metric of monthly active users rose 11 percent to 2.23 billion, below most est...More..

by | Thursday, July 26, 2018

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66

He built the dysfunctional companies into the world's seventh-largest automaker. Marchionne became an influential player in Formula 1 after he was appointed as Chairman and Chief Executive of Ferrari in 201...More..

President Trump Slams China for Targeting US Agriculture Industry
by | Thursday, July 26, 2018

President Trump Slams China for Targeting US Agriculture Industry

U.S. President Donald Trump walks up a driveway prior to delivering remarks at a showcase of American-made products at the White House on July 23, 2018. Before departing for Kansas City, Trump tweeted that ...More..

Trump Administration to Give $12 Billion to Farmers Caught in Trade War
by | Thursday, July 26, 2018

Trump Administration to Give $12 Billion to Farmers Caught in Trade War

WASHINGTON-President Donald Trump slammed critics of his trade policies on Wednesday, warning they are undermining his negotiating position while American farmers are being "ripped off". They said they believ...More..

USDA announces 3-prong approach to aid farmers
by | Wednesday, July 25, 2018

USDA announces 3-prong approach to aid farmers

The programme is not meant to extend beyond this year, officials at the agriculture department said . Politico , citing two sources familiar with the plan, also reported the administration will pay for bill...More..

Stocks drop after Trump says he's ready to step up trade war
by | Wednesday, July 25, 2018

Stocks drop after Trump says he's ready to step up trade war

This is supposed to be the sleepy time. Her warning came shortly after the top US economic official, Treasury Secretary Steven Mnuchin, told reporters in the Argentine capital there was no "macroeconomic" eff...More..

Hired!: Cop shaves homeless man to help him land job at McDonald's
by | Wednesday, July 25, 2018

Hired!: Cop shaves homeless man to help him land job at McDonald's

He told the officer he needed to shave so he could get a job at a local fast food restaurant. "As I got out of my auto, he asked if I knew anything about fixing a razor because it was broken", Tallahassee o...More..

by | Wednesday, July 25, 2018

GOP senators voice doubts on farm tariff relief

The trade war could eventually extend well beyond the US$50 billion worth of Chinese imports already targeted and likely to face tariffs after this week's hearings. The Trump administration has slapped tariffs ...More..

Harley-Davidson Financial Services Grows Originations Despite Slowing Retail Sales
by | Wednesday, July 25, 2018

Harley-Davidson Financial Services Grows Originations Despite Slowing Retail Sales

While motorcycle sales in the USA continue to decrease, Harley-Davidson Financial Services grew originations by 7.2% in the second quarter, the company announced in an earnings report. Harley-Davidson was al...More..

Donald Trump's bailout plan for farmers criticized by some in GOP
by | Wednesday, July 25, 2018

Donald Trump's bailout plan for farmers criticized by some in GOP

As the trade war between the US and China heats up, farmers are watching their selling season go to ruin. The Agriculture Department was expected to announce the plan later Tuesday. "Ryan's comments come ju...More..

Trump hails start of dismantling North Korean missile site
by | Wednesday, July 25, 2018

Trump hails start of dismantling North Korean missile site

North Korea appears to have begun dismantling part of a key rocket launch site in the country's north-west. During his summit with President Donald Trump in June, he reportedly promised the United States le...More..

by | Wednesday, July 25, 2018

Trump tweets tariffs ‘are the greatest’ and threatens additional levies

The US Agriculture Department said the programme would provide emergency relief to offset an estimated $11bn in losses it expects farmers to incur as the trade disputes disrupt markets. Soybean futures for No...More..

by | Tuesday, July 24, 2018

Trump Plans Farm Bailout To Deal With Backlash To His Trade War

Department of Agriculture, the official said. U.S. President Donald Trump is reiterating his threat to impose tariffs on countries that treat the U.S. The U.S. Agriculture Department on Tuesday plans to ann...More..

Mega Millions ticket worth $1M sold in Delaware County
by | Tuesday, July 24, 2018

Mega Millions ticket worth $1M sold in Delaware County

The Powerball jackpot is also growing: Wednesday's drawing is for $147 million. There were no grand prize winners over the weekend, so lottery players in Kansas have an opportunity to win several sizeable jac...More..

New York’s Daily News to shed half of its newsroom staff
by | Tuesday, July 24, 2018

New York’s Daily News to shed half of its newsroom staff

It added that the newspaper would refocus much of its remaining talent on breaking news , "especially in areas of crime, civil justice and public responsibility". Tronc didn't waste much time looking for w...More..

Trump planning emergency aid to farmers affected by tariffs
by | Tuesday, July 24, 2018

Trump planning emergency aid to farmers affected by tariffs

The Agriculture Department was expected to announce the proposal that would include direct assistance and other temporary relief for farmers, according to two people briefed on the plan, who were not authorized...More..

Iran Braces for ‘Mother of All Wars’ with US
by | Tuesday, July 24, 2018

Iran Braces for ‘Mother of All Wars’ with US

Despite the heightened rhetoric, both sides have reasons to want to avoid starting a conflict. This is a president who wants to see peace. Trump's comments followed a series of speeches and communications...More..

Google s parent Alphabet beats expectations despite European Union fine
by | Tuesday, July 24, 2018

Google s parent Alphabet beats expectations despite European Union fine

The internet search leader posted revenue of $32.66 billion USA in the period, up 26 per cent, driven by ad revenue from mobile searches. But Alphabet's outlook is tempered by cost concerns, and Amazon .com ...More..

4 types of Goldfish Crackers recalled because of potential salmonella risk
by | Tuesday, July 24, 2018

4 types of Goldfish Crackers recalled because of potential salmonella risk

No other Pepperidge Farm products in the US are subject to this recall . The manufacturer is voluntarily recalling four varieties of Goldfish crackers that were distributed throughout the United States in a ...More..

China Announces Steps To Support Growth Amid Rising Trade Tensions
by | Tuesday, July 24, 2018

China Announces Steps To Support Growth Amid Rising Trade Tensions

The fixing was 298 pips or 0.44 percent weaker than Monday's midpoint of 6.7593. Asian stocks took Wall Street's cue on Monday with MSCI's broadest index of Asia-Pacific shares outside Japan falling 0.2 perce...More..

Earnings of Google parent Alphabet top Wall Street expectations
by | Tuesday, July 24, 2018

Earnings of Google parent Alphabet top Wall Street expectations

The European Union's competition watchdog alleged that Google broke the EU's antitrust laws with Android , the mobile software used on most of the world's smartphones. Alphabet reported revenues of $26.24b...More..

Give us cash back, Tesla tells suppliers
by | Tuesday, July 24, 2018

Give us cash back, Tesla tells suppliers

A Tesla spokesperson said the electric vehicle maker had asked fewer than 10 of its suppliers for a reduction in "total capex project spend for long-term projects that began in 2016 but are still not complete...More..

GST Council cuts rate on 88 items
by | Monday, July 23, 2018

GST Council cuts rate on 88 items

Sanitary napkins were taxed 12 percent tax under the one-year-old GST regime, which attracted serious criticism from various quarters. The GST Council reduced tax rates on more than 50 items and exempted ...More..

Iran's President warns Donald Trump against 'mother of all wars'
by | Monday, July 23, 2018

Iran's President warns Donald Trump against 'mother of all wars'

Within hours, Iran's state-owned news agency IRNA dismissed the tweet, describing it as a "passive reaction" to Rouhani's remarks. Following Rouhani's statement that hostile US policies toward could lead to...More..

by | Monday, July 23, 2018

Tesla seeking cash from suppliers shows the automaker's desperation

That said, Whiston writes that "Tesla's mass-market ambitions over the next decade may be much smaller than we previously thought". In the memo, Tesla described its plea as a way to invest in its company and ...More..

More than 160 people sick in U.S. from McDonald’s salads
by | Monday, July 23, 2018

More than 160 people sick in U.S. from McDonald’s salads

The Centers for Disease Control and Prevention said the 163 "laboratory-confirmed cases of cyclosporiasis " came from health agencies in Florida, Iowa, Illinois, Kentucky, Minnesota, Missouri, Nebraska, Ohio, ...More..

Beijing unusually muted since Trump’s latest US$500 billion threat
by | Monday, July 23, 2018

Beijing unusually muted since Trump’s latest US$500 billion threat

The Chinese yuan weakened by almost 1% against the dollar yesterday and continued its slide today, hitting its lowest level in over a year. Earlier this month, the United States imposed tariffs on $34 billi...More..

Mega Millions jackpot balloons to almost $500M
by | Monday, July 23, 2018

Mega Millions jackpot balloons to almost $500M

Lotto players have a chance to win big this weekend as the jackpots for Mega Millions and Powerball, America's dueling jackpots, reach a combined total of $563 million. This year, 20-year-old Shane Missler of P...More..