Tuesday July 14-th, 2020

Trump Dismisses ‘Partial Deal’ With China to End Trade War Trump Dismisses ‘Partial Deal’ With China to End Trade War

More than 400 categories of Chinese products were temporarily exempted from tariffs imposed by President Donald Trump's administration a year ago. President Trump insisted on a "complete" U.S. China has targeted United States exports includin...

Facebook Suspended Thousands of Apps for Violating Policies Facebook Suspended Thousands of Apps for Violating Policies

Facebook started its investigation after it was revealed in early 2018 that a third-party app had collected the personal information of millions of Facebook users and sold that information to political consultancy firm Cambridge Analytica .

Trump to Be Presented With Options to Attack Iran Trump to Be Presented With Options to Attack Iran

Secretary of State Mike Pompeo has been clear in blaming Iran for the attacks that hit Saudi Arabia's largest oil production facility and the vast Al Khurais oil fields, but Hoffman was less direct. forces to the mission because he is "showing gr...

New York Fed injects another $75 bn into United States money markets New York Fed injects another $75 bn into United States money markets

The Fed took action after interest rates on these short-term loans spiked in a sign that banks and other borrowers were running short of cash. Officials say this week's spike in rates is not a precursor of the type of underlying troubles that pre...

Bank of England holds rates amid acute Brexit uncertainties Bank of England holds rates amid acute Brexit uncertainties

While global growth remains resilient, recent indicators on trade and manufacturing have deteriorated and a range of downside risks to growth remain. Thomas Pugh, UK economist at Capital Economics , said that given the drop in GDP in the second ...

GST Council Meet highlights: Cuts tax rate on hotel room tariffs

The move looks to give a lift to Prime Minister who faces increasing pressure to relight once-stellar economy after five consecutive quarters of slowing growth saw India this year lose its status as the fastest-expanding major economy to China.

Kuwait raises security alert level at oil and commercial ports

Drones targeted both, and the Houthis assumed responsibility for the attack. On Friday, he left the door open a bit for a later military response, saying people thought he'd attack Iran "within two seconds", but, he said, he has "plenty of time"....

Montana unemployment rate falls to 3.3% in August Montana unemployment rate falls to 3.3% in August

The AMP's Chief Economist, Dr Shane Oliver wrote in a note yesterday afternoon that "Jobs growth was solid in August, but the quality of jobs growth was poor with full-time jobs going backwards and an ongoing rise in the participation rate pushed the...

'Some progress made' as UAW-GM negotiations continue amid strike 'Some progress made' as UAW-GM negotiations continue amid strike

The GM suppliers that have laid off Unifor employees include seat maker Lear Corp., Ceva Logistics, Syncreon, and Oakley Industries, said Colin James, president of Unifor Local 222. Mr. Dias said about 800 workers on GM's St. Catharines engine line c...

Health Canada Suspends CannTrust's License To Produce, Sell Cannabis Health Canada Suspends CannTrust's License To Produce, Sell Cannabis

Most of the company's remaining value lies in its physical assets - particularly in its facilities in Vaughn and Pelham - that could be attractive to a new producer looking to quickly scale-up. "Until such time as Health Canada issues a recall or oth...

Vaping criminal probe announced by FDA as illnesses rise to 530 Vaping criminal probe announced by FDA as illnesses rise to 530

He developed mild respiratory symptoms that worsened and he was hospitalized on August 22, then transferred on September 4 to Mercy Hospital St. Louis, where he died. The American Vaping Association, a nonprofit that advocates for sensible regulation...

India cuts corporate tax rates India cuts corporate tax rates

By reducing optimal corporate tax to 22 per cent from 30 for existing firms and to 15 per cent for new manufacturers, Sitharaman has finally chose to engage the slowdown monster in a bare-knuckle fight. The measure is thus a boost for start ups as we...

Zuckerberg meets Trump, senators; nixes breaking up Facebook Zuckerberg meets Trump, senators; nixes breaking up Facebook

Zuckerberg had a "constructive" meeting with Trump after speaking with lawmakers about internet regulation, Facebook said. It was the Facebook CEO's first trip to Washington since April 2018 when he had fielded questions for 10 hours over two d...

Impossible Burger will arrive in grocery stores starting tomorrow Impossible Burger will arrive in grocery stores starting tomorrow

The product has been praised and added to menus around the world from universities and company cafeterias to fast food chains and restaurants like Burger King , Qdoba , and White Castle . To showcase the product's versatility-which can be cooked...

Energy prices spike after Saudi oil attack; US blaming Iran Energy prices spike after Saudi oil attack; US blaming Iran

The U.S. satellite photos appear to show the attack on Abqaiq may have struck the most-sensitive part of the facility, its stabilization area. Playing second fiddle to Saudi Arabia is problematic, especially given the country's dismal record on hum...

United Kingdom inflation slumps to lowest level since 2016 United Kingdom inflation slumps to lowest level since 2016

Average house prices in the United Kingdom increased by 0.7 per cent in the year to July, down from 1.4 per cent in June 2019. The largest downward contribution, of 0.15 per cent, came from recreation and culture, which more than reversed the upwar...

A FedEx pilot was arrested by Chinese authorities A FedEx pilot was arrested by Chinese authorities

Chinese authorities have opened a criminal investigation into what they called "illegal ammunition" carried by the married father from Niceville, Florida. In June, FedEx sued the Commerce Department to stop enforcement of export rules that restrict s...

US military to present several options to Trump on Iran US military to present several options to Trump on Iran

Pompeo met Abu Dhabi's powerful crown prince, Sheikh Mohammed bin Zayed Al Nahyan . This comes after Iran warned that any USA or Saudi strike against Iran would result in an "all-out war ". By Tuesday half the capacity had been restored and of...

Facebook's Libra will be disruptive: Coeure Facebook's Libra will be disruptive: Coeure

The newly-approved strategy will see Germany liaising closely with European and global allies to prevent digital stablecoins from becoming alternative currencies, as well as intensifying its dialogue with the Bundesbank to explore the potential b...

Delta flight plunges, makes emergency landing after issue with cabin pressure Delta flight plunges, makes emergency landing after issue with cabin pressure

The plane had taken off from Atlanta and was on its way to Fort Lauderdale when the Boeing 767-300 went into what a spokesman called a "rapid, controlled descent", USA Today reports . Delta passengers on a flight from Atlanta to Fort Lauderdale ...

World economy to grow at slowest pace since financial crisis, says OECD World economy to grow at slowest pace since financial crisis, says OECD

The OECD said in its interim report on Thursday that it now expects the world economy to grow by just 2.9% this year, down from 3.8% last year and a forecast of 3.2% in May. India, which saw economic growth approaching 7% a year ago, can now expe...

Zantac maker halts heartburn drug's distribution after cancer concerns Zantac maker halts heartburn drug's distribution after cancer concerns

The move comes after the FDA announced on Friday that it may contain NDMA , a probable carcinogen. While Sandoz has halted distribution, the FDA is not advising users to discontinue use of ranitidine as now. The recalled drugs, which were manufact...

Govt slashes corporate tax to 22% for domestic companies Govt slashes corporate tax to 22% for domestic companies

Banks would be encouraged to include new retail customers for lending, she said. Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 lakh crore annually. This change will be made with an or...

Don't want banks to only recycle loans with existing customers: Sitharaman

Finance Minister Nirmala Sitharaman , at a press conference after meeting the heads of public sector unit banks, said that there was already a Reserve Bank of India circular asking lenders not to declare stressed MSME accounts as NPAs. "There are ...

Airbnb plans to list shares next year Airbnb plans to list shares next year

The company was founded by CEO Brian Chesky, a 37-year-old former bodybuilder, with two former roommates in 2008, by renting air mattresses in a room in San Francisco. "As our community has grown, our business has thrived", the company said in a sep...

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