India Retaliates To Trump's Duty Hike, Raises Import Duties On US Products

According to the government notification, duty hike would come into effect immediately for 28 products, while for artemia, a kind of shrimp, the rate hike would be effective from August 4. Similarly, the import duty of boric acid has been increased f... More..

by | Published 9 hours ago
Bank of England votes 6-3 to hold interest rates at 0.5%
by | Friday, June 22, 2018

Bank of England votes 6-3 to hold interest rates at 0.5%

Today's result lifted the pound and is likely to see borrowers face higher costs on new mortgages, as lenders hike prices in anticipation of a base rate rise to 0.75 per cent in August - when a rate decision an...More..

Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks
by | Friday, June 22, 2018

Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks

Oil futures settled lower before an OPEC meeting expected to increase the world's supply of crude. That may seem insignificant in a global supply of 98 million barrels a day, but critically it would reverse red...More..

Supreme Court allows states to collect sales taxes on more online transactions
by | Friday, June 22, 2018

Supreme Court allows states to collect sales taxes on more online transactions

Wayfair , a direct challenge to a 1992 decision in Quill Corp. vs. "In 1992, it was estimated that the States were losing between $694 million and $3 billion per year in sales tax revenues as a result of ...More..

Trump threatens additional tariffs on $200 billion of Chinese goods
by | Friday, June 22, 2018

Trump threatens additional tariffs on $200 billion of Chinese goods

Shares of Boeing , which has been a proxy for trade-war tensions with China, fell 3.8 percent, weighing the most on the Dow. "This would likely violate WTO rules, but I suspect China will care about violat...More..

Intel CEO Brian Krzanich resigns over improper relationship with employee
by | Friday, June 22, 2018

Intel CEO Brian Krzanich resigns over improper relationship with employee

Instead, he has resigned over what Intel reports as a violation of the company's non-fraternisation policies - put in place to prevent management from entering into a romantic relationship with their staff....More..

Burger King apologizes for Russian World Cup pregnancy ad
by | Thursday, June 21, 2018

Burger King apologizes for Russian World Cup pregnancy ad

The burger chain's Russian branch offered the women a lifetime supply of Whoppers and 3 million roubles ($64,000). The deleted promo said that encouraging Russian women to bear the children of football player...More..

by | Thursday, June 21, 2018

European Union retaliates against Trump’s metal tariffs

The tariffs, which come as a direct reaction to U.S. President Donald Trump's decision to hit the European Union with tariffs on steel and aluminum, will apply from Friday, the Commission said in a press rel...More..

Stop border separation of families: USA tech giants
by | Wednesday, June 20, 2018

Stop border separation of families: USA tech giants

In a January blog post, Microsoft said the ATO would help the ICE deliver cloud-based identity and access services and "help employees make more informed decisions faster". "We urge the administration to chan...More..

China says will 'fight back firmly' if U.S. publishes additional tariffs
by | Wednesday, June 20, 2018

China says will 'fight back firmly' if U.S. publishes additional tariffs

The Commerce Ministry criticized Trump's order to prepare tariffs on $200 billion of Chinese goods as blackmail. But he admits Trump has a point when it comes to the export of USA dairy products to Canada ...More..

Elon Musk says disgruntled Tesla employee was behind
by | Wednesday, June 20, 2018

Elon Musk says disgruntled Tesla employee was behind "extensive" sabotage

The email ends with an urge to employees to be vigilant as the company proceeds with ramping up Model 3 production to 5,000 cars weekly, as "This is when outside forces have the strongest motivation to stop u...More..

Trump tariffs: Markets fall as trade war fears mount
by | Wednesday, June 20, 2018

Trump tariffs: Markets fall as trade war fears mount

And the China trade offensive is only one side of Trump's multi-front battle with all major U.S. economic partners. There is no end in sight to the trade fight, as both sides continue to up the ante. The Unit...More..

Trade Dispute between US, China Rises
by | Tuesday, June 19, 2018

Trade Dispute between US, China Rises

It comes after an "exhaustive investigation" found that China's "acts, policies and practices related to technology transfer, intellectual property , and innovation are unreasonable and discriminatory, and...More..

by | Tuesday, June 19, 2018

Asian, European stocks plunge as China-US trade war fears brew

President Donald Trump threatened late Monday in the United States to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing goes through with its promise to retaliate against the ...More..

Chanda Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank
by | Tuesday, June 19, 2018

Chanda Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank

Sandeep Bakhshi is the Managing Director (MD) and CEO of ICICI Prudential Life Insurance. "Without second-guessing the ICICI Bank board, we wonder under what circumstances the three-tier structure at the ban...More..

Audi CEO detained amid diesel emissions investigation
by | Monday, June 18, 2018

Audi CEO detained amid diesel emissions investigation

Munich prosecutors told the state-owned broadcaster that they swooped on Stadler over fears he might try to suppress evidence in the ongoing Dieselgate investigation. Volkswagen admitted that almost 600,000 ca...More..

Audi chief exec arrested over Dieselgate auto emissions scandal
by | Monday, June 18, 2018

Audi chief exec arrested over Dieselgate auto emissions scandal

German automobile company Audi's CEO Rupert Stadler has been arrested on suspicion of fraud. The move follows a search last week of Stadler's private residence, ordered by Munich prosecutors investigatin...More..

by | Monday, June 18, 2018

Audi chief arrested in Germany over diesel scandal

The emissions scandal dates back to September 2015 when VW admitted using illegal software to cheat USA emissions tests on diesel engines. The CEO of German carmaker Audi, Rupert Stadler, was detained Monday ...More..

Report a 'total disaster' for Comey and the Federal Bureau of Investigation, says Trump
by | Monday, June 18, 2018

Report a 'total disaster' for Comey and the Federal Bureau of Investigation, says Trump

Comey caused outrage in 2016, when 10 days before the presidential election between Trump and Hillary Clinton, he announced the reopening of the investigation into Clinton's use of an email server - something...More..

China imposes equal tariffs on U.S. imports in retaliation
by | Sunday, June 17, 2018

China imposes equal tariffs on U.S. imports in retaliation

China and USA moves to impose unilateral sanctions undermine and destabalise the WTO, he says. Indeed, the numbers appear identical. "These tariffs are essential to preventing further unfair transfers of A...More..

Kellogg's cereal source of 31-state salmonella outbreak — CDC
by | Sunday, June 17, 2018

Kellogg's cereal source of 31-state salmonella outbreak — CDC

More than 60 people have reportedly been infected by the strain and 31 have been hospitalized, but no deaths have been reported. No one has died. For the 15.3 oz boxes, the UPC code, which can be found at the ...More..

McDonalds menu change: Chain announces paper straws amid McDelivery
by | Sunday, June 17, 2018

McDonalds menu change: Chain announces paper straws amid McDelivery

The move comes amid increasing pressure on companies to reduce the amount of single-use plastic they use, because of concerns over plastic pollution in the, oceans where items such as straws end up harming, and...More..

Cboe Appears Poised For Ether Futures After SEC Director’s Statements
by | Sunday, June 17, 2018

Cboe Appears Poised For Ether Futures After SEC Director’s Statements

I recognize that the Supreme Court has acknowledged that if someone is purchasing an asset for consumption only, it is likely not a security. Hinman said "form is disregarded for substance", in the SEC's th...More..

European Central Bank to end quantitative easing by end of 2018
by | Sunday, June 17, 2018

European Central Bank to end quantitative easing by end of 2018

French tele-services provider Teleperformance jumped 5.8 per cent to a record high after agreeing to buy India-based Intelenet from USA private equity firm Blackstone for US$1 billion. "I think its pragmatic fo...More..

China pledges to 'immediately' retalliate to Donald Trump's latest tariffs
by | Saturday, June 16, 2018

China pledges to 'immediately' retalliate to Donald Trump's latest tariffs

A statement from the Chinese Ministry of Commerce said that the country would implement tariffs on a similar scale on U.S. goods. And China and others steal those secrets, and we're going to protect t...More..

Theranos founder Holmes, ex-president charged with fraud
by | Saturday, June 16, 2018

Theranos founder Holmes, ex-president charged with fraud

The company's general counsel, David Taylor, will take over as CEO. "This indictment alleges a corporate conspiracy to defraud financial investors", said FBI Special Agent in Charge John F. Holmes is also out...More..

1 deputy killed, 1 critical in shooting in Kansas, sheriff says
by | Saturday, June 16, 2018

1 deputy killed, 1 critical in shooting in Kansas, sheriff says

The incident occurred while the two Wyandotte County Sheriff's deputies were both "overcome by an inmate being transferred from jail to the courthouse" on Friday morning, police said. Around 4 p.m., a motorcade...More..

Record US oil production drags crude oil prices
by | Saturday, June 16, 2018

Record US oil production drags crude oil prices

Trump's grousing follows reports suggesting the oil exporters group was already planning to open the spigots, an outcome the International Energy Agency hinted at in its monthly report released earlier today...More..

Could we see the return of $100 oil prices this year?
by | Friday, June 15, 2018

Could we see the return of $100 oil prices this year?

US oil is flooding the market because oil production in the USA has been soaring. Opec and some non-Opec producers including Russian Federation started withholding output in 2017 to end a global supply over...More..

How President Trump factored into Tuesday's primaries
by | Friday, June 15, 2018

How President Trump factored into Tuesday's primaries

Arrington's campaign was based on the premise that Sanford - who has criticized Trump's style and questioned his knowledge - is insufficiently supportive of the President. Trump is closing in on a decision to...More..