Sunday December 9-th, 2018

‘Ready to go’ with $500 billion in tariffs on China

Auto tariffs would escalate global trade tension dramatically: The U.S. last year imported $192 billion in vehicles and $143 billion in auto parts - figures that dwarf last year's $29 billion in steel and $23 billion in aluminum imports. " I'm not do...

U.S. dollar down on as Trump makes fresh threats vs China

By maintaining its independence, the central bank can make politically contentious decisions to combat economic challenges, like the huge bond purchases it made after the 2008 financial crisis to help drive down long-term rates to support the economy...

Trump ready to hit all Chinese imports with tariffs

China imports far less from the USA, buying about US$130 billion in American goods a year ago, so it doesn't have as much to leverage with tariffs, but it could use other measures to hit trade such as tightening regulatory oversight. Many companies ...

Japan's major distributors mull halt in oil imports from Iran Japan's major distributors mull halt in oil imports from Iran

The deputy chairman of Iran's Chamber of Commerce, Industries, Mines, and Agriculture, Pedram Soltani, said on July 17 that exchanging oil for goods could be one way of getting around the US sanctions re-imposed after the United States pulled out o...

US Dollar Sinks as President Trump Hits Fed on Hikes

The Fed has raised interest rates five times since Trump took office in January 2017, with two of those coming this year under Chairman Jerome Powell , the president's pick to replace Janet Yellen. "As he said he considers the Federal Reserve Board ...

Trump Tells CNBC He's 'Not Thrilled' About Rate Hikes

Central bank officials, including chair Jerome Powell, have raised interest rates twice already this year and were gearing up for two more increases before the end of 2018. "This is such a risky thing for the Fed, and for the president, and for centr...

Google Fined RM20.3 Billion By EU Over Abuse Of Android OS Google Fined RM20.3 Billion By EU Over Abuse Of Android OS

After getting slapped by European Union with a record fine of $5 billion for abusing the dominance of the Android operating system, Google has released an official statement hinting a future where Android might not be free. These practices have d...

May avoids defeat in key Brexit bill May avoids defeat in key Brexit bill

Having delivered his speech, Mr Johnson quickly left the Chamber. While praising May's "courage and resilience", Johnson said her Chequers plan would see the United Kingdom in "miserable limbo". "We have changed tack once and we can change again"...

United Kingdom annual inflation stable at 2.4 per cent United Kingdom annual inflation stable at 2.4 per cent

Some of the biggest energy suppliers - including British Gas, Scottish Power, and EDF Energy - have announced price rises set to kick in over the summer. Prices of pulses have continued to slump for over a year now, with the rate of decline relativel...

Amazon CEO Jeff Bezos Becomes Richest Person On The Planet Amazon CEO Jeff Bezos Becomes Richest Person On The Planet

Born Jeffrey Preston Bezos, he is an American technology entrepreneur, investor, philanthropist, and the founder, chairman, and chief executive officer the world's largest online retailer. His net worth has soared by US$52 billion this year, which is...

Singapore Airlines named world's best, as Virgin drops nine spots Singapore Airlines named world's best, as Virgin drops nine spots

AirAsia was named the World's Best Low-Cost Airline for the 10th year in a row at the 2018 Skytrax World Airline Awards in London July 17, 2018. The best airlines are judged every year by leading aviation website Skytrax . Other previous winner...

Microsoft and Walmart Take on Amazon With New Partnership Microsoft and Walmart Take on Amazon With New Partnership

Walmart today said it has inked a five-year deal with Microsoft to leverage a broad base of the cloud, artificial intelligence and Internet of Things solutions, a move that will help the retail giant further accelerate its digital transformation.

Brexit blueprint will guarantee aviation jobs, says May Brexit blueprint will guarantee aviation jobs, says May

One big thing: A trade war. The US$23 billion AirAsia deal would give a boost to Airbus' slow-selling A330neo wide-body, while adding to the order pile for the popular A320neo narrowbody family. Boeing executives highlighted the value of its invest...

EU, Japan sign massive trade deal as US puts up barriers EU, Japan sign massive trade deal as US puts up barriers

The European Union and Japan are signing the single market's biggest trade deal ever and present a united front as Washington upends the global trade order. Not only has the president rolled new tariffs on allies including Canada , Mexico , and ...

India’s growth remains quite robust into future India’s growth remains quite robust into future

In its April World Economic Outlook (WEO), the International Monetary Fund had predicted that it will accelerate to 3.9 per cent in the current year and next, the fastest since 2011. The dollar has already appreciated broadly since April, and finan...

Iran sues US in international court over sanctions Iran sues US in international court over sanctions

But at the end of the discussions, a third person familiar with the exchanges said, "It was an interactive process where both sides shared their concerns". Japan's biggest bank, MUFG Bank Ltd, will halt all Iran-related transactions to comply with th...

European Union to sign its biggest free trade deal with Japan

The US was in talks with Japan and other Asian countries 18 months ago about a wide-ranging free-trade agreement, the Trans-Pacific trade agreement, but Donald Trump withdrew from this in one of his first moves after becoming president. The announcem...

More than 30 Ryanair passengers hurt after plane loses cabin pressure More than 30 Ryanair passengers hurt after plane loses cabin pressure

A replacement flight was scheduled to take the passengers to Croatia on Saturday. One passenger posted pictures on Facebook of oxygen masks hanging from the ceiling of the Ryanair plane. However, she did not go to the hospital because she was not t...

Papa John's founder calls resignation a 'mistake' Papa John's founder calls resignation a 'mistake'

The MLB said it is also suspending its "Papa Slam" pizza promotion during games. Schnatter says the board requested that he step down as chairman without "any investigation" and he should not have complied, according to a letter his representat...

DUP to vote against Theresa May's early holiday plan for MPs DUP to vote against Theresa May's early holiday plan for MPs

As Justine Greening proposes a three-way second Brexit referendum, James O'Brien says why everybody will vote with the same second preference. Remainer Conservative MPs will try to soften the UK's Brexit policy with their own amendments to a key pi...

Birkenhead's Poundworld branch to close Birkenhead's Poundworld branch to close

The administrator said the latest closures will not impact the potential sale of the remaining business, and that discussions with interested parties were ongoing. It is the biggest chain by number of employees this year to fall into insolvency, just...

Netflix Shares Crash After New Subscriptions Fall Short of Expectations

Has the bubble finally burst on Netflix? The streaming company said it had added 5.2 million subscribers in the three months to June 30, below analyst forecasts for 6.3 million subscribers and its own expectations. In the second quarter past year, ...

China files WTO challenge to Donald Trump's Dollars 200 billion tariff hike China files WTO challenge to Donald Trump's Dollars 200 billion tariff hike

There is deep scepticism in the European Union about China's actual commitment to opening its market further, as well as concern that it seeks to divide the bloc with its economic influence in Eastern Europe. law and worldwide trade rules", said U....

Prime time: A day of deals at Amazon, and at its rivals Prime time: A day of deals at Amazon, and at its rivals

The company brought in a total of $177.9 billion in sales previous year across its retail and web services division. "Below is a selection of deals members can expect to find on Prime Day ", Amazon says. You can also stream music from Gaana and ...

Apple is struggling big-time to sell iPhones in India Apple is struggling big-time to sell iPhones in India

Apple's biggest smartphone rivals, both globally and in India, are Xiaomi and Samsung - manufacturers which have prospered in India thanks to sales of lower-tier hardware. It sold just 3.2 million iPhones in India previous year, while less than a...

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