Sunday November 18-th, 2018

Mexico-Canada Agreement to Replace NAFTA after Last-Minute Deal Mexico-Canada Agreement to Replace NAFTA after Last-Minute Deal

While much of the new USMCA trade deal is focused on exchanging consumable goods such as dairy and meat products, the automotive sector saw many changes. "We are requiring a large portion of every vehicle to be made by high-wage workers, which will...

Saudi journalist critical of Riyadh missing in Istanbul Saudi journalist critical of Riyadh missing in Istanbul

Khashoggi was visiting the Saudi consulate in the Turkish capital on Tuesday to complete an application to obtain proof of his recent divorce so he could marry his new fiancée. "We want him to come out of the consulate safe and sound". "According t...

Rupee plunges to fresh record low of 73.76 against USA dollar Rupee plunges to fresh record low of 73.76 against USA dollar

For one, crude oil prices touched a multiyear high at $85 per barrel, while the Hang Seng index closed in the red. Commerce and Industry Minister Suresh Prabhu will hold an inter-ministerial meeting Thursday to discuss trade deficit and its impact ...

How the U.S.-Mexico-Canada trade deal changes the landscape How the U.S.-Mexico-Canada trade deal changes the landscape

Put another way, Tiberghien said the new trilateral deal is "conditional on not having a deal with China ". The main goal of the agreement for the United States is to have more auto and truck parts made in North America. "They're happy but not d...

Saudi king wouldn’t last 2 weeks without U.S. support: Donald Trump Saudi king wouldn’t last 2 weeks without U.S. support: Donald Trump

The comments by the key oilman in OPEC's largest producer and exporter come just a few days after Brent Crude prices hit earlier this week $85 a barrel-a four-year high-amid concerns that OPEC and allies are not doing enough to offset declining Ira...

Trade pact clause seen deterring China trade deal with Canada, Mexico Trade pact clause seen deterring China trade deal with Canada, Mexico

Canada is back in a revamped North American free trade deal with the United States and Mexico after weeks of bitter, high-pressure negotiations that brushed up against a midnight deadline. But on Monday , environmental groups panned the accord to r...

Oil near 4-yr high as Washington's Iran sanctions loom Oil near 4-yr high as Washington's Iran sanctions loom

November contract US West Texas Intermediate (WTI) crude futures declined 0.03 percent to $75.28 a barrel, although it remained close to its strongest since November 2014 of $75.90 marked earlier in the session. " Nobody wants to get caught short, ...

Trump says threat of auto tariffs made trade talks with Japan possible Trump says threat of auto tariffs made trade talks with Japan possible

Describing the south Asian country as the "tariff king", the president told reporters at the White House Rose Garden that India "called us" and said "we want to start negotiations immediately". Trump often accuses India of imposing 100 per cent tar...

Canadian dairy farmers sound off on new trade deal Canadian dairy farmers sound off on new trade deal

At issue for him was the 3.59 per cent of the market share that was given up and the changes made to Class 7. It's not only American dairy farmers who are getting more access to the Canadian market. The deal also scraps Class 7 - a domestic pricing...

Tesco to launch discount store format called Jack's Tesco to launch discount store format called Jack's

Chief executive Dave Lewis claimed that Jack's will be the cheapest on the market. Aldi and Lidl have steadily grown market share in Britain since the 2008 financial crisis, chipping away at Tesco and its three biggest rivals Sainsbury's ( SBRY.L...

Primera Air ceases operations Primera Air ceases operations

The announcement that operations were stopping happened while some flights were in the air and passengers waited to board others . Primera Air passengers who were due to fly with the Danish carrier have been told not to travel to the airport and s...

LNG Canada, British Columbia's $40-Billion Fossil Fuel Project, Is A Go LNG Canada, British Columbia's $40-Billion Fossil Fuel Project, Is A Go

Yet the Malaysian company this year joined the LNG Canada consortium-with a hefty stake no less-rekindling optimism about the project that has now been proven wise. "Today's announcement by LNG Canada represents the single largest private sector inve...

FEMA to Test ‘Presidential Alert System’ Wednesday FEMA to Test ‘Presidential Alert System’ Wednesday

Johnson said the system will be used to notify US citizens of certain events of "national significance". The Emergency Alert System is a national warning system that allows the president to communicate messages to the public during national emergen...

Amazon Sets $15 Minimum Wage For U.S. Employees, Including Temps Amazon Sets $15 Minimum Wage For U.S. Employees, Including Temps

The federal minimum wage for the U.S.is now $7.25, though most states have higher minimums. In an FAQ , Amazon said the additional expense will be reflected in its earnings guidance, signaling a hit to the bottom line, but so far, at least, the co...

Amazon Raises Minimum Hourly Pay to $15, Calls For New Minimum Wage

Warehouse workers in the United Kingdom have admitted to urinating in bottles because they were being disciplined for "idle time", while others lived in tents because they couldn't afford proper housing. "We're excited about this change and encou...

Elon Musk Reportedly Says Tesla Is Close to Achieving Profitability Elon Musk Reportedly Says Tesla Is Close to Achieving Profitability

This is only the midpoint of his Musk-sational 2018 narrative . Andrew Doane, who has a Model S sedan, Model X crossover and Model 3 vehicle and is president of the Tesla Owners Club of the Mid-Atlantic region, mustered club members to pull shifts...

Trump calls Saudi's King to discuss oil supplies Trump calls Saudi's King to discuss oil supplies

The recent increase in oil prices has prompted talk that crude could reach $100 per barrel for the first time since prices slumped in mid-2014, when Brent peaked at $115 per barrel. The rise in oil prices have noticeably resulted in a waver in shar...

Trump says tensions with Canada's Trudeau 'all worked out'

The metal tariffs discussions are on a "completely separate track", according to a senior US official. The relationship has been in neutral since then, though one senior Canadian official said there had been "increasingly positive" signs from Chin...

General Electric has lost value equal to Facebook since peak General Electric has lost value equal to Facebook since peak

It said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition. Culp's time as CEO of Danaher was marked by expanding the reach of the company into fields as diverse as de...

Elon Musk Resigns As Chairman Of Telsa Elon Musk Resigns As Chairman Of Telsa

The company's shares surged 16 percent in pre-market trading on Monday following the decision. The company is expected to release quarterly production numbers this week for the Model 3, seen by analysts as crucial to the carmaker's drive to achieve...

DOJ Sues CA Over New Law Protecting Discarded Net Neutrality Rules DOJ Sues CA Over New Law Protecting Discarded Net Neutrality Rules

With a swipe of his pen, California Governor Jerry Brown made net neutrality the law in California. Industry group US Telecom, which counts AT&T and Verizon among its members, issued a statement from president & CEO Jonathan Spalter, who said: ...

GE CEO Flannery Ousted After Brief Tenure

That comes after the power business posted a $10-billion loss a year ago. The company was stricken from the prestigious Dow Jones Industrial Average in June. The company's stock was up more than 15 percent in pre-market trading in NY shortly before...

Petrol price crosses Rs 91-mark; cooking gas above Rs 500 Petrol price crosses Rs 91-mark; cooking gas above Rs 500

In Delhi , the diesel is priced at 75.09 per litre and at Rs 79.72 per litre in Mumbai. Petrol prices also rose from ₹84.15 to ₹84.40 in Bengaluru , ₹88.51 to ₹88.77 in Hyderabad, ₹80.36 to ₹80.59 in Chandigarh and ₹85.29 to ₹82.83 in Ahmedabad...

Elon Musk surrender set to boost Tesla shares Elon Musk surrender set to boost Tesla shares

But Musk, who is synonymous with the Tesla brand, will remain as chief executive under the settlement over tweets he posted on August 7 about taking the company private, the SEC said. "The resolution is meant to prevent further market disruption ...

Canada, US in last-minute NAFTA deal Canada, US in last-minute NAFTA deal

Trump threatened to go ahead with a revamped NAFTA - with or without Canada. Canada had agreed to provide United States dairy farmers access to about 3.5% of its approximately $16bn annual domestic dairy market, the sources said, adding that the ...

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