• China blasts new United States tariff threat as 'blackmail'
China blasts new United States tariff threat as 'blackmail'

Starting July 6, the USA tariffs will go into effect for 818 Chinese products worth $34 billion a year in imports; the remaining tariffs won't go into effect until the administration collects more public feedback. "China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and t...

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  • Tesla's Musk alleges 'extensive' employee sabotage
Tesla's Musk alleges 'extensive' employee sabotage

The employee in question , who was reportedly motivated by failing to receive a promotion, made "direct code changes" to Tesla's internal operating systems and exporting classified information to "unknown third parties". While he says this could be a random event, Musk quotes former Intel CEO Andy Grove's "Only the paranoid survive" warning. ...

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  • Trump Told Apple CEO iPhones Will Be Spared From China Tariffs
Trump Told Apple CEO iPhones Will Be Spared From China Tariffs

Trump said that the new tariff would go into effect if the Chinese government did not lower recently announced tariffs on United States goods and failed to address the theft of U.S. The Commerce Ministry on Tuesday gave no details but said Beijing is ready to "defend the interests of the Chinese people and enterprises". Led by President Do...

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  • Amazon Prime has finally arrived in Australia - with some caveats
Amazon Prime has finally arrived in Australia - with some caveats

Prime members in Australia also gain access to Amazon's award-winning Prime Original television shows, as well as other popular movies and shows with Prime Video, over 1000 e-books with Prime Reading, benefits for gamers with Twitch Prime. If you aren't happy with the Prime service, you'll need to manually cancel your membership or you will be char...

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  • Trump said to favor little-known OMB official as next CFPB chief
Trump said to favor little-known OMB official as next CFPB chief

While the White House refused to confirm her likely nomination, it has stressed that the administration was seeking somebody with prior government management experience, including on budget issues. The suit says the lender illegally charges people up to 950 percent interest rates. But consumer groups and conservatives alike were quick to criticiz...

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  • Trump threatens to impose more trade tariffs on China
Trump threatens to impose more trade tariffs on China

If the U.S. publishes a new list of tariffs, Beijing will take strong countermeasures to safeguard the interests of China and its people, the ministry added. China said it would retaliate immediately by suspending previous trade agreements and slapping duties on American exports, including crude oil. "The collateral damage from an escalating US-Chi...

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  • …ICICI board asks Kochhar to remain on leave
…ICICI board asks Kochhar to remain on leave

The bank said Bakhshi would be responsible for handling all the businesses and corporate centre functions. ICICI Bank has mandated retired Supreme Court (SC) judge BN Srikrishna to preside over the above-mentioned probe, which will look into allegations that Kochhar did not adhere to provisions relating to the bank's "code of conduct", and also e...

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  • MERKEL’S MESS: Germany’s Leadership Hangs in the Balance Over Refugee Policy
MERKEL’S MESS: Germany’s Leadership Hangs in the Balance Over Refugee Policy

German Chancellor Angela Merkel attends a news conference with NATO Secretary General Jens Stoltenberg after a meeting at the chancellery in Berlin , Friday, June 15, 2018. Merkel emphasized the need for Germany's conservative parties to stick together, but she and Seehofer may only have delayed a head-on clash. The CSU hopes its tough line w...

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  • China Calls Fresh US Tariff Threat
China Calls Fresh US Tariff Threat "Blackmail", Warns Of Countermeasures

The move comes just three days after the president detailed an initial $50 billion in imports that would be taxed an additional 25 percent, which he said was punishment for the theft of intellectual property from US companies, as well as the trade gap between the two countries.

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  • Trump proposes new tariffs on $200B worth of Chinese goods
Trump proposes new tariffs on $200B worth of Chinese goods

The tariffs were quickly matched by China on USA exports, a move that drew the president's ire. "Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong", he said.

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  • Elon Musk warns employees about a saboteur in late-night email
Elon Musk warns employees about a saboteur in late-night email

Musk said that the employee admitted to committing sabotage after not receiving a promotion. "As you know, there are a long list of organisations that want Tesla to die", Mr Musk said. However, Tesla's stock price has rallied almost 17 percent since the company's June annual shareholder meeting where Musk promised profitability in the third qua...

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  • Tesla Car Fire Examination to Be Observed by U.S. Safety Agency
Tesla Car Fire Examination to Be Observed by U.S. Safety Agency

The destroyed Model S was being driven by British TV director Michael Morris on Santa Monica Blvd when it mysteriously ignited, according to Morris' wife, actress Mary McCormack. "Our initial investigation shows that the cabin of the vehicle was totally unaffected by the fire due to our battery architecture, which is created to protect the cabin in...

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  • After 100+ flights canceled at NC airport, inbound flights held Sunday
After 100+ flights canceled at NC airport, inbound flights held Sunday

Officials with Columbia Metropolitan Airport say the events of Sunday along with a reduced schedule on Monday may well impact some flights here in Columbia, as well as any other airports that offer offer service from American Airlines. FlightAware posted another ground stop stating flights were being held until 3 p.m. American Airlines did not co...

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  • Google to invest $550 million in Alibaba rival JD.com
Google to invest $550 million in Alibaba rival JD.com

JD.com is a Fortune Global 500 company and China's biggest e-commerce site by revenue, making it a ideal match for such a partnership. The companies said the investment is the start of a partnership that will see JD.com products promoted on Google's shopping service, expanding JD.com's reach beyond its Chinese base and into USA and European mar...

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  • Virgin Money bought by Clydesdale bank owner CYBG for £1.7bn
Virgin Money bought by Clydesdale bank owner CYBG for £1.7bn

The group now has around 9,500 full-time employees and expects to reduce this by around a sixth, equating to around 1,500 people. Under the terms of the deal, Virgin Money shareholders will get 1.2125 new CYBG shares for every Virgin Money share they hold, and will end up owning about 38% of the combined business.

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  • Audi Chief Executive Rupert Stadler detained
Audi Chief Executive Rupert Stadler detained

Stadler himself was not immediately available for comment. The dramatic development comes a week after Munich prosecutors raided Stadler's home after charging him with fraud and the falsification of documents that allowed diesel vehicles equipped with cheating software to be sold to European customers.

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  • Audi boss Rupert Stadler arrested in dieselgate investigation
Audi boss Rupert Stadler arrested in dieselgate investigation

A spokesman for Porsche SE, the company that controls VW and Audi, said Mr Stadler's arrest would be discussed at a supervisory board meeting on Monday. VW admitted in September 2015 to using illegal software to cheat USA emissions tests on diesel engines, sparking the biggest crisis in the company's history and leading to a regulatory crackdown ac...

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  • Tesco growth plans 'on track', sales jump
Tesco growth plans 'on track', sales jump

United Kingdom supermarket group Tesco saw clothing sales climb in its first-quarter, as the company said it was on-track to deliver on its growth plans. Despite a strong underlying performance in Central Europe, with growth in fresh food and improving performance in Hungary, overall like-for-like sales were down 1 percent in the quarter.

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  • McDonald’s to switch to paper straws in U.K., Ireland
McDonald’s to switch to paper straws in U.K., Ireland

The fast-food restaurant chain uses 1.8 million straws a day in the UK. McDonald's has announced that it is getting rid of all plastic straws from its United Kingdom and Ireland stores starting from September. The organizations' moves aren't just an attempt to gain positive PR and answer consumer calls for sustainability, either-at least, not i...

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  • Some genetically modified wheat found in Alberta, should not impact trade: CFIA
Some genetically modified wheat found in Alberta, should not impact trade: CFIA

The Canadian Food Inspection Agency says unapproved genetically modified wheat that is resistant to herbicides was found in southern Alberta last summer, but the problem has been mitigated. Bilous won't speculate on if other countries that import Canadian wheat will follow Japan's example, but they are working to reassure those other worldwide pa...

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  • Canada Goose (GOOS) Shares Up 25.7% After Analyst Upgrade
Canada Goose (GOOS) Shares Up 25.7% After Analyst Upgrade

GOOS has been the subject of a number of other reports. From Antarctic research facilities and the Canadian High Arctic, to the streets of New York, London, Milan, Paris, and Tokyo, people are proud to wear Canada Goose products. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 136.88, a PEG ratio of 2.47 an...

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  • McDonald's to scrap plastic straws across all United Kingdom and Ireland restaurants
McDonald's to scrap plastic straws across all United Kingdom and Ireland restaurants

British officials will launch later this year a public consultation for a potential bill banning the sale of the single-use plastics. The flurry of commitments comes as efforts to eliminate single-use plastic intensify. McDonald's is the latest in a string of high street names in the process of replacing plastic straws with paper or biodegradable...

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  • China's Ride-Hailing Giant Didi Chuxing to Launch in Australia
China's Ride-Hailing Giant Didi Chuxing to Launch in Australia

Its statement said it would "shape product offerings and user experience in Australia based on the feedback from drivers and passengers in Melbourne and Geelong", a satellite city 75km away. Nickie Scriven, Zenith Australia's CEO, added: "We are delighted to be appointed as DiDi's lead agency as we launch DiDi into the Australian market".

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  • NZ dollar gains vs euro on timing of ECB rate hikes
NZ dollar gains vs euro on timing of ECB rate hikes

The greenback was up roughly 1 percent versus its Japanese peer on the week, during which it brushed a three-week peak of 110.850 after the Fed's Wednesday policy announcement. Both the Fed and the European Central Bank have said that their next moves will depend on what the economic data says, and if growth is strong enough, they'll raise rates ...

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  • BHP, partners to build $3.4 billion iron ore mine in Australia
BHP, partners to build $3.4 billion iron ore mine in Australia

Production is expected to start in 2021 and run for more than 25 years. Its Japanese partners Itochu Corp, which has an 8 percent stake in the project, and Mitsui & Co Ltd, with 7 percent, will spend $270 million and $240 million respectively, bringing the total development cost to $3.4 billion, they said.

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