Business hiring forges ahead in June, with 213,000 jobs added

At the same time, the unemployment rate rose to 4 per cent from 3.8 per cent, the government said Friday, as more people began looking for a job and not all of them found one. Most economists say they still think the low unemployment rate will eventu... More..

by | Published more than a month ago
HNA co-founder falls to his death
by | Friday, July 06, 2018

HNA co-founder falls to his death

The 57-year-old had been trying to take photographs in the village of Bonnieux, near Avignon, when he fell 32ft off a wall. Wang died after a 10 metre fall off a wall, the source said. The pair built what was...More..

China accuses Trump of launching ‘the biggest trade war in economic history’
by | Friday, July 06, 2018

China accuses Trump of launching ‘the biggest trade war in economic history’

The initiative of US President Donald Trump to impose 25% duties on imports from China, the total value of which is estimated at $34 bln, came into force on Friday. But China also believes that its economy, w...More..

WTO needs to change ways or USA will do 'something'
by | Friday, July 06, 2018

WTO needs to change ways or USA will do 'something'

During a press conference with Dutch Prime Minister Mark Rutte, President Trump told reporters at the White House on Monday the WTO has treated the U.S. However, Congress is unlikely to approve the measur...More..

China cenbank blames yuan moves on dollar rise, external uncertainty
by | Thursday, July 05, 2018

China cenbank blames yuan moves on dollar rise, external uncertainty

Yi's remarks come at a time when the Chinese currency is under considerable pressure: The onshore yuan weakened past 6.7 per dollar in early trading on Tuesday for the first time since Aug 9, 2017. The central ...More..

2018 budget in danger as Saudi Arabia pump 2m more barrels
by | Thursday, July 05, 2018

2018 budget in danger as Saudi Arabia pump 2m more barrels

Despite President Trump nudging Saudi Arabia to boost production, it did little to tamp down the price of oil the past few days. Saudi Arabia, the world's top crude exporter, said Tuesday it was prepared ...More..

Auto Tariffs Threaten to Ignite Authentic Economic 'Trade War'
by | Thursday, July 05, 2018

Auto Tariffs Threaten to Ignite Authentic Economic 'Trade War'

In its submission, the European Union argues that trade restrictions would be likely to lead to higher costs for US-based producers, and in effect become a tax on American consumers. And he is pressuring Cana...More..

Oil prices fall as Donald Trump demands OPEC ‘reduce pricing now’
by | Thursday, July 05, 2018

Oil prices fall as Donald Trump demands OPEC ‘reduce pricing now’

This is while world oil prices have climbed higher as the Trump administration has pressured USA allies to end all purchases of oil from Iran. Saudi Arabia now produces about 10 million barrels of oil per...More..

Time difference gives China head start on tariff war with U.S.
by | Thursday, July 05, 2018

Time difference gives China head start on tariff war with U.S.

The United States is "opening fire" on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant USA measures go into effect as the two locked h...More..

China issues warning for citizens travelling to US
by | Wednesday, July 04, 2018

China issues warning for citizens travelling to US

One proposal has been for China and the European Union to launch joint action against the U.S. at the World Trade Organisation. The bill would give Trump unilateral authority to alter tariff negotiations with...More..

LeBron Will Wear #23 For Lakers; Jersey Pre-Orders, Ticket Prices Skyrocket
by | Wednesday, July 04, 2018

LeBron Will Wear #23 For Lakers; Jersey Pre-Orders, Ticket Prices Skyrocket

I don't think he's jumping for joy that LeBron James is in L.A. with the Lakers . With that announcement, the Lakers became the big winners of 2018 free agency. He played 52 games during his rookie season, av...More..

Canada Hits US With $12.6 Billion In Retaliatory Tariffs
by | Wednesday, July 04, 2018

Canada Hits US With $12.6 Billion In Retaliatory Tariffs

Trudeau and U.S. President Donald Trump spoke late Friday to discuss trade and other economic issues, the White House said Saturday. The Trump administration has also sought for months to renegotiate th...More..

Several Americans spent Canada Day apologizing to Canadians for Trump
by | Wednesday, July 04, 2018

Several Americans spent Canada Day apologizing to Canadians for Trump

U.S. President Donald Trump shakes hands with Canada's Prime Minister Justin Trudeau (R) in a bilateral meeting during the G7 Summit in the Charlevoix town of La Malbaie, Quebec, Canada, June 8, 2018. " We'...More..

by | Wednesday, July 04, 2018

Saudis to pump 2mn more barrels of oil

Iran announced on Sunday that it would permit private companies to export crude oil as Tehran attempts to thwart United States sanctions against the country's oil industry. Despite the space Washington is prepa...More..

by | Wednesday, July 04, 2018

Trump threatens to leave WTO after European Union warning on vehicle tariffs

It is called the United States Fair and Reciprocal Tariff Act, but many have shortened it to the "FART Act ". American consumers pay for tariffs. The leaked draft emerged a few days after Axios reported t...More..

'Impeach 45' apparel leads to Walmart boycott threats
by | Wednesday, July 04, 2018

'Impeach 45' apparel leads to Walmart boycott threats

There's also mens and juniors shirts that read "45 You're Fired", using Trump's facing line from his former show "The Apprentice". U.S. retail giant Walmart has removed anti-Trump merchandise following onli...More..

Mexican president-elect reaches out to Trump, seeks NAFTA deal
by | Wednesday, July 04, 2018

Mexican president-elect reaches out to Trump, seeks NAFTA deal

More than 181,000 people registered to vote from overseas, three times as many in the last election under a new policy allowing sign-ups at local consulates rather than in Mexico. Mexico's election of leftis...More..

by | Tuesday, July 03, 2018

European Union warns Trump's auto tariffs threaten $300 billion of United States exports

In a submission to the United States authorities, the European Commission warned: "Economic analysis confirms that an increased tariff on these products (cars and auto parts) will be harmful first and foremost ...More..

by | Tuesday, July 03, 2018

Dutch PM Rutte interrupts Trump over trade deal claims

Donald Trump with Mark Rutte outside the White House. The president referred to upcoming discussions between the United States and the European Union around trade deals and tried to joke that if the discussi...More..

Amazon Prime Launches, New Threat for Retailers
by | Tuesday, July 03, 2018

Amazon Prime Launches, New Threat for Retailers

According to Amazon , "Prime members in Australia will have access to the widest selection of Prime benefits at launch for any country ever-free delivery on millions of local and global items". Once users try ...More..

How will Mexico's new president shake up NAFTA negotiations?
by | Tuesday, July 03, 2018

How will Mexico's new president shake up NAFTA negotiations?

She said a Lopez Obrador presidency is a good way to kick the ruling Institutional Revolutionary Party , or PRI, out of power. The president-in-waiting, whose term will begin December 1, devoted much of his ...More..

Orders of LeBron James Lakers jerseys spike
by | Tuesday, July 03, 2018

Orders of LeBron James Lakers jerseys spike

The Lakers jerseys will ship seven to 10 days after James officially signs his contract. In lieu of James' decision to join the Lakers, several Cleveland newspapers, including the Cleveland Plain Dealer, chos...More..

Dell is becoming a public company again after 5 years
by | Tuesday, July 03, 2018

Dell is becoming a public company again after 5 years

Billionaire Carl Icahn is deciding whether to challenge Michael Dell in VMware, sources told The Post. The company intends to exchange outstanding V tracking stock for Class C common stock of Dell Technologie...More..

With US set to reimpose sanctions, European Union cuts Iranian oil imports
by | Tuesday, July 03, 2018

With US set to reimpose sanctions, European Union cuts Iranian oil imports

Trump wrote on Twitter that he had asked the king in a phone call to boost oil production "to make up the difference.Prices to (sic) high!" The tension began rising when Trump withdrew the US from the nuc...More..

by | Tuesday, July 03, 2018

Trump on trade: European Union 'possibly as bad as China'

Trump, he says , is essentially having a "temper tantrum" as he's demanding concessions from countries they can't make - because he's invented problems that don't exist. On Monday, he threatened to take action...More..

U.S. wants to reduce Iran's oil revenue to zero
by | Tuesday, July 03, 2018

U.S. wants to reduce Iran's oil revenue to zero

WASHINGTON-The Trump administration will consider requests for waivers from economic sanctions against Iran on a "case-by-case" basis, a senior State Department official said Monday, a step back from threats to...More..

by | Monday, July 02, 2018

US Economy Could Lose $14B Over Auto Import Tariffs

Officials in Brussels stressed that European car-makers account for up to 26-percent of US automotive output. If the United States government imposes a higher tariff rate, the European Union said it would res...More..

Trump wants U.S. to withdraw from WTO
by | Monday, July 02, 2018

Trump wants U.S. to withdraw from WTO

The source also told the publication that Trump has lamented, "We always get f--ed by them". "While you never know with this president, I consider it unlikely that Trump will try to pull the USA out of the W...More..

GM warns Trump tariffs could threaten industry
by | Monday, July 02, 2018

GM warns Trump tariffs could threaten industry

GM's stern warning to the Trump administration last Friday (June 29) said that U.S. operations could shrink and jobs could be cut if tariffs are broadly applied to imported vehicles and auto parts. The prop...More..

Tesla finally hits Elon Musk's target for the Model 3
by | Monday, July 02, 2018

Tesla finally hits Elon Musk's target for the Model 3

During the final week of the second quarter, Tesla managed to produce 5,031 Model 3 and 1,913 Model S & X. Tesla's Q2 2018 production totaled 53,339 vehicles, a 55% increase from the first quarter, making it th...More..