Sunday December 16-th, 2018

Russia takes US to WTO over steel tariffs Russia takes US to WTO over steel tariffs

President Donald Trump has drafted a new bill which would allow him to raise USA tariffs at will, tearing up World Trade Organization (WTO) rules, according to leaked documents obtained by Axios . "The only way this would be news is if this were ac...

To Spite Harley, Trump May Have to Turn to Japanese Bike Makers To Spite Harley, Trump May Have to Turn to Japanese Bike Makers

Trump used to boast about his administration's closeness with Harley, but now he's saying he'll work with other companies if they proceed with their move. After Harley-Davidson made the decision to shift some of its production to Europe, President ...

Lyft is buying legitimacy through its deal with Motivate Lyft is buying legitimacy through its deal with Motivate

It has integrated public transit in its app and introduced Lyft Line, which lets users share a ride with strangers who are going to destinations close together. Lyft has inked a deal to acquire Motivate, the largest bike-share system operator in Nort...

Mexico votes in elections centered on disgust with corruption, violence

Anti-establishment leftist Andres Manuel Lopez Obrador won Mexico's presidential election Sunday by a large margin, according to exit polls, in a landmark break with the parties that have governed for almost a century. This was the largest election i...

Top U.S. business group assails Trump's handling of trade dispute Top U.S. business group assails Trump's handling of trade dispute

With data from the U.S. Department of Commerce and government agencies in the countries hit by the new tariffs , the chamber hopes to show the president that his trade war will hurt Americans-particularly those in states historically loyal to Trum...

Amazon Prime arrives for Aussie customers Amazon Prime arrives for Aussie customers

After a year of finetuning, Amazon .com's ( amzn ) "try before you buy" Prime Wardrobe shopping service is being made available to all USA members of its Prime subscription service. Men's, women's and children's styles from well-known brands lik...

Mexican peso rallies as exit polls show Lopez Obrador win Mexican peso rallies as exit polls show Lopez Obrador win

Supporters of Mexico's Andres Manuel Lopez Obrador are wildly celebrating his apparent overwhelming presidential win even before authorities release official results. The run-up to this election saw 133 politicians killed in areas where the cartels...

Andrés Manuel López Obrador Wins Mexico's Presidential Election Andrés Manuel López Obrador Wins Mexico's Presidential Election

Even so, the peso weakened 1% against the dollar and Mexico's S&P/BMV IPC benchmark stock index was also down nearly 1% as exit polls showed Lopez Obrador's MORENA party could win the first outright majority in Congress in over 20 years. While anal...

Trump defends tariffs despite signs of trouble in global markets Trump defends tariffs despite signs of trouble in global markets

The European Union today slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in usa goods amid signs of a brewing trade war. Past year the European Union ex...

Trump blasts OPEC, warns European companies against business with Iran Trump blasts OPEC, warns European companies against business with Iran

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 insist on zero imports by a November ...

Donald Trump mocked over FART Act on trade Donald Trump mocked over FART Act on trade

Donald Trump's administration is prepared to abandon numerous "fundamental World Trade Organization rules" that are now in place, according to a leaked document obtained by Axios . It is called the United States Fair and Reciprocal Tariff Act . ...

Dell is going public again Dell is going public again

Dell said it will list its Class C shares on the New York Stock Exchange following the completion of the deal that will eliminate its tracking stock. "Unprecedented data growth is fueling the digital era of IT, and we are uniquely positioned with o...

Zlatan Ibrahimovic welcomes LeBron James to Los Angeles Zlatan Ibrahimovic welcomes LeBron James to Los Angeles

The Cavs played 81 postseason games - one contest shy of an entire regular season - the last four years, winning 55 of them. The latter two have partial guarantees on their contracts that season. Despite LeBron's fame and hefty new contract, he was n...

HTC announces plans to cut 1500 jobs in Taiwan

The latest "reorganization and optimization" effort of the company's feeble finances should be completed by September, at which point HTC will have less than 5,000 people left on the payroll. 2018 hasn't been the best year for HTC . The company re...

Trump asks Saudi Arabia to increase oil production Trump asks Saudi Arabia to increase oil production

At present, the U.S. is the second largest oil producer behind Russian Federation, and their inventories continued to be on a declining trend. However, the agency did not say anything about an output rise as claimed by the president. Oil output ave...

Trump’s tariffs could put SC jobs at risk, BMW says Trump’s tariffs could put SC jobs at risk, BMW says

Trump's threat was the latest salvo in an escalating trade war that saw the EU slap duties on US-made jeans and Harley Davidson motorcycles in a tit-for-tat response to U.S. Commerce Department. While he has threatened auto tariffs, Trump has not y...

Trump reportedly wants US to withdraw from World Trade OrganizationNaija247news Trump reportedly wants US to withdraw from World Trade OrganizationNaija247news

He reportedly said the WTO is designed by the rest of the world to exploit the US. "I won't use our favorite word about the fake news but this is an exaggeration", Mnuchin told Fox Business television about the report . "Faced with these unjus...

Trump blasts Opec and warns European companies against Iran ties Trump blasts Opec and warns European companies against Iran ties

The leader of Saudi Arabia promised U.S. President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday. Still, Iran vowed on Sunday to defeat US...

Canadian tariffs on US goods now in effect

The new tariffs place a 25 percent tax on more than 40 us steel products and a tax of 10 percent on more than 80 other items such as toffee, maple syrup, coffee beans and strawberry jam. They will remain in place until the US tariffs are lifted. ...

Tesla registers 6,100 new Model 3 VINs amid continued production push Tesla registers 6,100 new Model 3 VINs amid continued production push

No standard automotive solution could be built in time , so we created a new solution. Hitting the target is another against-all-odds achievement for Musk, who first revealed the Model 3 in late 2016, and a relief for customers who have waited pat...

Januzaj scores the only goal as Belgium beat England by 1-0 Januzaj scores the only goal as Belgium beat England by 1-0

Would you like to place a soccer bet? But his rapid progress has seen him clinch a move to Spurs, excel in the Champions League and now he is playing in the World Cup for England . "This was a game we wanted to win but the knockout is the biggest ...

Iran announces plan to circumvent USA oil sanctions

The White House later walked back the president's comments, saying the king said his country can raise oil production if needed. "We will surely do something to thwart the U.S. Tehran and Riyadh are members of the Organisation of Petroleum Exportin...

Thyssenkrupp seals landmark steel venture with Tata Steel Thyssenkrupp seals landmark steel venture with Tata Steel

Notably, at the time of initiating the agreement in September 2017, both sides said they expected to lay off about 4,000 people as a result of the merger, half from the administration and half from production. The United States is the biggest market ...

Coast Guard searching for cruise ship crew member reported overboard near Cuba Coast Guard searching for cruise ship crew member reported overboard near Cuba

The US coast guard received reports of the overboard employee on Saturday afternoon and searched for him throughout the night. "The probably started around 10 o'clock". The cruise ship Carnival Glory found and rescued the missing person 21 miles no...

Thyssenkrupp, Tata Steel sign landmark joint venture deal

According to the filing, the formal execution of the definitive agreements is expected shortly. The merger would create Europe's second largest steel-maker - after Arcelor Mittal - but the firms have previously warned 4,000 jobs could be lost.

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