Business

by | July 17, 2018 | 01:32

No evidence has come to light to substantiate Musk's pedophilia accusation. Elon Musk tweeted out video demonstrating how his miniature submarine worked. Musk later deleted the tweets. Although he has also donated to Democratic groups, Musk's $38,900 contribution to a group called "Protect the House" (in addition to donations of $138,900 to other Republican causes over the last year), seemed to contradict his professed desire to fight climate change .

by | July 16, 2018 | 00:37

USA carmaker Tesla Inc. will open its first overseas plant in Shanghai , according to an agreement signed between Tesla and Shanghai municipal government on Tuesday. However, the choice of country is a very smart strategical move by Elon Musk. Doing so will give Tesla expanded global production capability as well as tariff-free supply in the world's largest electric vehicle market.

by | July 11, 2018 | 02:21

The company's Model 3 unit seemed destined for what Musk called a "production hell", with the company having several product line suspensions in order to reevaluate manufacturing practices in the Fremont facility. A woman sits in a Tesla Model 3 vehicle at the Auto China 2018 motor show in Beijing on April 25, 2018. Tesla's Chief Executive Elon Musk attended the signing, according to a Reuters witness.

by | July 10, 2018 | 02:13

Average hourly earnings of private-sector workers rose 2.7 percent in June from a year ago, in line with recent monthly readings, suggesting that wage growth remains modest. We have long contended the unemployment rate is essentially meaningless as it tracks just one small segment of the labor force - but it is viewed as gospel by mainstream media outlets.

by | July 08, 2018 | 01:39

Brent crude futures were up 11 cents $78.35 a barrel. USA president, Trump in a series of tweets, is reported to have called for Saudi officials, which represent the most influential oil producer in OPEC , to help pump more crude and lower prices.

by | July 04, 2018 | 09:48

USA steel and aluminum tariffs have also been levied against Mexico, China, Turkey, India and the European Union. Canada's retaliatory tariffs on USA goods do nothing to help Canada and will only hurt American workers, White House spokeswoman Sarah Sanders said Monday.

by | July 04, 2018 | 09:47

The president's tweet came as the US faces escalating trade disputes across the world, including with key USA allies, over the Trump administration's tariffs . Prime Minister Justin Trudeau said it was necessary for Canada to hold the United States to account. He urged Canadians to "make their choices accordingly" in considering whether to buy American products.

by | July 03, 2018 | 11:17

ET Sunday, sources told ESPN's Dave McMenamin. The disgruntled star of the Spurs has been adamant about wanting a trade out of San Antonio with the Lakers the only team he's willing to play for. The contract is four-year deal worth $154M. As most hoops fans know, the Akron, Ohio native was selected by the Cavs with the No. 1 overall pick in the 2003 Draft.

by | July 01, 2018 | 00:54

That's a lot of revenue, but also a lot of deliveries. Amazon also now lets individual drivers use their personal vehicles for deliveries through its "Flex" program , which has been criticized recently. Amazon has been looking for ways to cut costs on the "last mile" of deliveries, which is often the most expensive part of the fulfillment process.

by | June 29, 2018 | 14:56

The airport closure affected about 75,000 passengers internationally and resulted in almost 450 flights cancelled, according to Indonesia's National Disaster Mitigation Agency. Even in December 2017, the authorities closed the airport and evacuated closer to the volcano. Virgin Australia, Qantas and Jet Star were monitoring the situation in consultation with Australia's Bureau of Meteorology's Volcanic Ash Advisory Centre, which was due to meet on Friday morning to assess when flights might ...

by | June 28, 2018 | 01:13

The pro-Kurdish Peoples' Democratic Party, or HDP, was edging past the 10 per cent threshold to enter parliament, with 10.7 per cent. Over 56 million Turkish voters will for the first time in history be voting simultaneously in parliamentary and presidential elections, with Erdogan looking for a first round knockout and an overall majority for his ruling Justice and Development Party (AKP).

by | June 28, 2018 | 01:16

His comments extended his feud with Harley-Davidson into a third day, tweeting that the motorcycle manufacturer, which already has some production in foreign markets, "should stay 100 per cent in America". The E.U., Mexico and Canada were initially excluded from the tariffs when Trump announced them in March, but that expired on June 1. "A Harley-Davidson should never be built in another country-never!" he said earlier on Twitter.

by | June 26, 2018 | 03:01

In parliamentary elections held simultaneously with the presidential poll , Erdogan's ruling Justice and Development Party (AKP) won 42.5 percent, falling short of a parliamentary majority. "The restrictions we have seen on fundamental freedoms have had an impact on these elections". While Erdogan's opponents said they would send refugees back to their country, Erdogan did not.

by | June 24, 2018 | 15:00

Major oil producers are set to pump around 1m more barrels a day to help cool crude prices as part of an Opec deal, according to Saudi Arabia's energy minister. Iran is particularly vocal about its objections as it braces for the impact of fresh United States sanctions on its oil exports after President Donald Trump quit the global nuclear agreement.

by | June 24, 2018 | 15:00

Even after the group's decision had been announced, Trump was still tweeting hopefully about OPEC increasing production. USA crude rose 5.77 per cent to $US69.32 per barrel and Brent was last at $US75.61, up 3.5 per cent on the day. US shale companies, which kept pumping when the rest of the world cut back oil production, are in a strong position to benefit now that the Organization of the Petroleum Exporting Countries is boosting its output.

by | June 23, 2018 | 00:29

Turkey said Thursday that it's imposing tariffs worth $267 million on United States goods, targeting items such as coal, paper, walnuts, tobacco, rice, whiskey and cars. German automakers Mercedes , BMW, and Volkswagen all have plants in southern states and directly employ more than 20,000 USA workers between them, primarily at those factories.

by | June 22, 2018 | 03:24

The administration also revived its complaints Tuesday about America's gaping trade deficit with China , which it says reflects an unfair trading relationship. China's Commerce Ministry on Tuesday criticised the latest threat of tariffs, saying it was an "act of extreme pressure and blackmail that deviates from the consensus reached by both parties after many negotiations, and is a disappointment to the global community".

by | June 21, 2018 | 18:13

China might be unable to match the USA tariffs because it imports much less from the United States - $130 billion in goods previous year, compared with Chinese exports to the United States of $505.5 billion. China's economy is already clouded by a sharp slowdown in fixed asset investment growth because of the government's de-leveraging drive, a problematic property sector, mounting debt and rising credit defaults.

by | June 21, 2018 | 17:59

The week ahead still sees a major and tense OPEC meeting on the table. OPEC and its allies have since previous year been participating in a deal to cut output by 1.8 million bpd. OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.

by | June 19, 2018 | 05:16

He further said the China's decision to impose tariffs on U.S. products was necessiated by the circumstances that arose out of the United States violations of global obligation. The Chinese government said the tariffs were damaging relations and China's offer to buy up to $70 billion of additional American products was invalid.

by | June 18, 2018 | 02:17

The disclosures about the range of candid political and other opinions that Page traded with Strzok on their official government mobile phones has been an embarrassment for the bureau. "Doesn't get any lower than that!" The report will also discuss Peter Strzok and Lisa Page, two Federal Bureau of Investigation staffers whom Republicans accused of bias against Trump after thousands of text messages sent via their work-issued mobile phones were made public.

by | June 18, 2018 | 02:05

The suspect was also shot and was being treated at the same hospital, Bailiff said. She's now barricaded within a garage, police say. Police Officer Zac Blair said authorities are reviewing surveillance video . He was a seven-year veteran of the department, KCTV5 reported. Several law enforcement departments offered words of support and prayers for Wyandotte County on social media .

by | June 17, 2018 | 02:12

On its website, it said: "China is unwilling to have a trade war, but the Chinese side has no choice but to strongly oppose this, due to the United States' myopic behaviour that will harm both parties". Trump released a statement on the new tariffs , calling them a retaliation against Chinese intellectual property graft. Companies also are watching the fate of ZTE Corp, a Chinese maker of telecoms equipment that ran afoul of U.S.

by | June 16, 2018 | 17:56

The European Union moved last month to ban 10 items - including plastic cutlery, straws and cotton swabs - by 2030 in a bid to clean up the oceans. In America, 500 million plastic straws are used every day. Environment Secretary Michael Gove said the initiative was "simple but effective" and is a "fine example to other large businesses". SeaWorld, Ikea and Royal Caribbean have already vowed to stop using plastic straws and bags.

by | June 14, 2018 | 07:27

Most officials expect the Fed would need to raise rates at least three more times next year and at least once more in 2020, leaving rates in a range between 3.25% and 3.5% by the end of 2020, the same end point officials projected in March.

by | June 13, 2018 | 14:33

Though we have a soft spot for the classic IHOP menu ( here's a short stack of copycat recipes ), the restaurant's new line-up of mouthwatering burgers sure does sound delicious. Whether the rebranding sticks or is a temporary change, IHOP wouldn't say. Burger joints, meanwhile, fired off blistering tweets about IHOP's change.

by | June 13, 2018 | 13:42

President Donald Trump rocked the region with the stunning announcement Tuesday that he was halting annual U.S. Pompeo added, President Trump is very prepared for his upcoming meeting with Kim Jong Un and is eager to achieve real progress.

by | June 12, 2018 | 02:09

Net Neutrality protections prohibited internet providers from favoring or blocking access to particular products or websites. Net neutrality is the principle that internet providers treat all web traffic equally, and it's essentially how the internet has worked since its inception.

by | June 12, 2018 | 02:03

Rodman, who is one of the few westerners to have met the North Korean leader, said last week he would "give whatever support is needed" to his "friends" Trump and Kim . Mr. Bolton, who has since become the president's national security adviser, made headlines as a private analyst at the time by advocating for pre-emptive strikes that could target North Korean missile facilities.

by | June 12, 2018 | 01:38

More recently, in December a year ago, South Korean cryptocurrency exchange Youbit shut down and filed for bankruptcy after being hacked twice. The hack of a cryptocurrency exchange in South Korea is being blamed for a sharp drop in bitcoin and other popular currencies, which lost billions of dollars in value.

by | June 10, 2018 | 02:11

Information minister Mustapha Abdul-Hamid said the government had "decided to take immediate steps to have the GFA (Ghana Football Association) dissolved" because of the "widespread nature of the apparent rot". Government on Thursday indicated its resolve to dissolve GFA in a bid to sanitise football administration. Asiamah said the decision had been a hard one to take, and is aware that it is likely to trigger some sort of action from world football's governing body FIFA , who strictly ...

by | June 10, 2018 | 01:45

Trump said. It is an annual summit bringing together Canada , the United States, the UK, France, Italy, Japan and Germany, which represent more than 60% of global net worth between them. U.S allies were furious over the move, raising fears of a global trade war . "We win that war a thousand times out of a thousand", Trump said.

by | June 09, 2018 | 19:19

Arkansas Senator Tom Cotton has a cautious approach to the Chinese telecom companies ZTE and Huawei. Commerce Department spokesman James Rockas told Reuters on Tuesday that "no definitive agreement has been signed by both parties". Government that it would or had disciplined numerous employees responsible for the violations that led to" a previous agreement in March 2017, for the violation of United States trade agreements.

by | June 08, 2018 | 06:54

The company will pay a $1 billion fine and fund a new in-house compliance team staffed by USA experts, Ross told CNBC . The U.S. threatened sanctions, but ZTE promised to change its practices and punish the executives responsible for its misconduct.

by | June 07, 2018 | 02:30

According to Bloomberg, the country will slap tariffs of 25 percent on certain cheese products, steel and Tennessee whiskey while imposing taxes of 20 percent on pork, apples and potatoes. The peso turned lower after White House National Economic Council Director Larry Kudlow said President Donald Trump was "seriously considering " splitting North American Free Trade Agreement talks into separate processes for Mexico and Canada.