Money

Money Harley-Davidson to move some jobs out of United States to avoid tariffs
Author: 0 Harley-Davidson to move some jobs out of United States to avoid tariffs

In response, the European Union hit the USA with tariffs on $3.2 billion worth of American products, including motorcycles. Harley-Davidson said the EU's new tariffs on US-made motorcycles would drive up costs and force the company to shift a sizable portion to its production outside of the USA to avoid the tariff.

Money Erdogan claims decisive victory in Turkish presidential election
Author: 0 Erdogan claims decisive victory in Turkish presidential election

There has been less tension between Turkey and the USA since a preliminary agreement was reached on American military support for the People's Protection Units in Manbij at the start of the month. It is the largest opposition party in parliament. "The message is clear", he said. Margot Wallstrom, Sweden's foreign minister, said Turkey's democracy had shortcomings - she cited opposition leaders sitting in jail - but said Erdogan should be given the chance to fix that.

Money Tens of thousands march in pro and anti-Brexit rallies
Author: 0 Tens of thousands march in pro and anti-Brexit rallies

In 2016, 16,000 people signed a petition that thwarted the government's move to remove all European Union flags from public buildings. Labour MP for Tottenham David Lammy said Boris Johnson's remarks were "no longer humorous" after the Foreign Secretary wrote in The Sun about the public not wanting "some bog roll Brexit , soft, yielding and seemingly infinitely long".

Money OPEC moves toward raising oil supply as Iran softens positions
Author: 0 OPEC moves toward raising oil supply as Iran softens positions

Still, some analysts believe that a combination of the OPEC deal, USA oil , and an easing of American demand for energy should eventually contribute to lower oil prices , which in May hit their highest levels in more than three years. Countries with a lack of spare capacity, including Iran, Iraq and Venezuela, are resistant. Last year, OPEC members unanimously agreed on the oil price of USD 60 dollars per barrel, by cutting oil output by 1.2 million barrels per day (bpd) to 32.5 ...

Money Oil industry should prevent prices from spiking: Liberty Oilfield Services CEO
Author: 0 Oil industry should prevent prices from spiking: Liberty Oilfield Services CEO

Saudi energy minister Khalid Al-Falih. That's because some OPEC members would be unable to sufficiently ramp up crude production. Further to OPEC being blindsided by the rise of shale oil, the global "Easy-Money" environment perpetuated by central banks - namely the US Fed's Quantitative Easing (QE) program - has also played a key role in the Shale supply-boom.

Money How Greece will exit its bailout program and what it means
Author: 0 How Greece will exit its bailout program and what it means

The ministers finalised the last revision of the third bailout program after verifying that Athens has complied with the 88 requirements, and consequently approved a final disbursement of 15 billion euros. Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 am Athens time on Wednesday to nearly a month low, while the Athens Stock Exchange General Index rose as much as 1.1 percent in intraday trading amid optimism that euro-area finance ministers will ...

Money Donald Trump threatens 20% tariff on European Union cars
Author: 0 Donald Trump threatens 20% tariff on European Union cars

China has also been embroiled in a trade war with the USA, after Trump's government announced additional tariffs of 25% on US$50bn worth of Chinese imports. For Americans, new auto tariffs would likely mean higher car prices for both imported and domestically manufactured vehicles. It exported more than 70% of those cars to other countries.

Money Amazon Prime added to BT TV
Author: 0 Amazon Prime added to BT TV

That's more like Prime day-and-a-half, and it's clear Amazon wanted to beat last year's Prime Day which offered deals for a mere 30 hours. Amazon hasn't officially said any of this yet, but our sister site TechRadar stumbled across an Amazon Prime Day 2018 banner on the Amazon UK website.

Money In tit-for-tat, Trump threatens more tariffs against China
Author: 0 In tit-for-tat, Trump threatens more tariffs against China

Global GDP could stand to be hit by 2% - 3% should the trade war continue and spread, to put this into context the Great Recession wiped out 6% of the global GDP, so this trade spat is by no means insignificant. Analysts in Washington warned that China could also raise tariffs on USA good, as it did on Friday, by announcing additional tariffs of 25pc on $50bn worth of American products.

Money Canada votes to legalise cannabis for recreational use
Author: 0 Canada votes to legalise cannabis for recreational use

It was clear, however, that there are still more questions than answers about what Canada's nascent legal-pot landscape will look like - how police will test motorists, what to do about those with prior marijuana convictions and just how the rules governing home cultivation will work.

Money Is Saudi Arabia's Inclusion In MSCI Overhyped?
Author: 0 Is Saudi Arabia's Inclusion In MSCI Overhyped?

One of the suggested solutions to this problem could create yet more difficulties though: if Aramco's natural dominance on the Tadawul index is artificially limited in order to curb the presence of industry stocks to a more palatable level, some investors interested in buying Tadawul index options because of Aramco's presence on it might think twice before doing it.

Author: 0 Supreme Court’s sales-tax ruling could mean $200 million for IL

Georgia residents will have to pay sales tax on almost all online purchases following a U.S. Supreme Court decision Wednesday in a South Dakota case. The Minnesota Revenue Department said its staff is "analyzing the court's decision" and will provide guidance to retailers within 30 days. South Dakota Attorney General Marty Jackley said South Dakota businesses will now have tax fairness and a level playing field.

Author: 0 Oil prices rise ahead of OPEC’s June 22 meeting

Oil prices fell after Al-Falih's comments, with benchmark Brent crude losing as much as 2.4 percent to $72.94 a barrel in London. Zanganeh has said the us president is to blame for high prices because of his decision to reimpose sanctions on Iran.

Money Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks
Author: 0 Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks

While U.S. oil production may not be quite up to the levels of oil giants Russian Federation and Saudi Arabia , losing the Chinese market would certainly deal a blow to American oil producers, which ship more than $1 billion of oil per month to Beijing.

Money With Billions At Stake, Supreme Court Rules States May Tax Online Retailers
Author: 0 With Billions At Stake, Supreme Court Rules States May Tax Online Retailers

Online retailers argued that the law was unconstitutional, and the State Supreme Court agreed, but the US Supreme Court overturned the state court ruling . Some members of Congress objected to the decision. The old rule enabled online commerce to boom and helped drive an explosion of small businesses that sell their wares.

Money Trump Threatens Another $200 Billion in Chinese Tariffs as US Stocks Plunge
Author: 0 Trump Threatens Another $200 Billion in Chinese Tariffs as US Stocks Plunge

The declines weighed on the S&P industrials index .SPLRCI , which fell 2.1 percent, its biggest one-day percentage drop in almost two months. On Monday, Trump directed trade officials to identify an additional $200 billion worth of Chinese goods that will be subject to a 10% tariff if China doesn't back down.

Money Tesla probing the 'extensive' sabotage of the company by rogue employee
Author: 0 Tesla probing the 'extensive' sabotage of the company by rogue employee

Apparently the employee in question has already admitted to some of these actions, but the full extent of what he did is still to be determined. "In light of these actions, not promoting him was definitely the right move". For now, Musk asks employees to, "Please be extremely vigilant , particularly over the next few weeks as we ramp up the production rate to 5k/week".

Money Trump blasts Germany while making case for US….
Author: 0 Trump blasts Germany while making case for US….

Seehofer is calling for Germany to turn away immigrants who have already registered in other European Union countries, which would undermine Merkel's open door policy adopted in 2015, since when the country has welcomed some 1.6 million refugees .

Money Trump threatens to impose more trade tariffs on China
Author: 0 Trump threatens to impose more trade tariffs on China

The August gold contract closed down US$1.50 at US$1,278.60 an ounce and the July natural gas contract ended down five cents at US$2.90 per mmBTU. This situation is no longer sustainable. "The trade relationship between the United States and China must be much more equitable", he said. President Trump said Tuesday that China's economic exploitation of the USA left him with "no choice" but to hit Beijing with tariffs , while the Chinese government warned that it will retaliate for Mr.

Money Trump doubles down on trade war with China by announcing new tariffs
Author: 0 Trump doubles down on trade war with China by announcing new tariffs

The president announced on Friday that the US would impose 25 percent tariffs on $ 50 billion in Chinese goods . In a statement, Mr Trump said he had asked the U.S. Trump has repeatedly called on China to end unfair trade practices and theft of US intellectual property. China had offered to ramp up purchases of American goods by only $70 billion to help cut the yawning trade imbalance with the U.S., whereas Trump had demanded a $200 billion deficit cut.

Money Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies
Author: 0 Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

Trump said Monday that China's response "indicates its determination to keep the United States at a permanent and unfair disadvantage". He did not say when the target list of Chinese goods would be unveiled. "Everyone knows ... China is the main perpetrator", he said. "This is predatory economics 101". A cut in Chinese purchases of U.S. oil may also benefit Iran's sales, which Washington is trying to curb with new sanctions it announced in May.

Money Audi CEO arrested in connection to the Volkswagen emissions scandal
Author: 0 Audi CEO arrested in connection to the Volkswagen emissions scandal

The prosecutors' office said that Stadler had been seen by a judge "who has ordered him to be remanded in custody". Confirming the development, a spokesperson said: "We confirm that Mr Stadler was arrested this morning". In 2015, it was discovered that when certain Volkswagen models undergo testing, a sophisticated software algorithm would kick in and full emissions controls would be turned on.

Money U.S. soybean prices tumble amid trade fight with Beijing
Author: 0 U.S. soybean prices tumble amid trade fight with Beijing

The U.S. tariffs are in addition to previously announced duties on imports of steel and aluminum from several countries, including China. "China is our real trade enemy, and their theft of intellectual property and their refusal to let our companies compete fairly threatens millions of future American jobs", Schumer said in a statement on Friday.

Money Tesla's Musk alleges 'extensive' employee sabotage
Author: 0 Tesla's Musk alleges 'extensive' employee sabotage

Musk wrote of his suspicions that another company may have been involved in the alleged sabotage, saying "there are a long list of organizations that want Tesla to die". Tesla can ill afford manufacturing setbacks now. Tesla has faced plenty of criticism about its ongoing troubles in ramping up Model 3 production.

Money Tesco improves deliveries for Booker customers
Author: 0 Tesco improves deliveries for Booker customers

The retail group's like-for-like sales growth improved to 1.8% and its UK & ROI to 3.5%. Tesco, forced to rebuild after a 2014 accounting scandal capped a dramatic downturn in trading, said a move to lower prices on fresh food brands towards the end of its first quarter reflected a growing confidence in its performance.

Money McDonald's to phase out plastic straws in United Kingdom and Ireland
Author: 0 McDonald's to phase out plastic straws in United Kingdom and Ireland

McDonald's says it will start using paper straws instead of plastic at all its locations across the United Kingdom and Ireland. The old plastic straws will be replaced with paper ones which can be recycled. In Malaysia, it will offer straws only on request. More than 60 music festivals, including Bestival, have also committed to eradicating plastic straws from all of their sites by 2021.

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