• Tariffs could cause OH farmers' net income to drop 59 percent
Tariffs could cause OH farmers' net income to drop 59 percent

U.S. officials accuse China of building its emerging industrial dominance by stealing the "crown jewels" of American technological know-how through cyber-theft, forced transfers of intellectual property and state-sponsored corporate acquisitions.

Read more

  • Iran tells Trump: Please stop tweeting, you're driving up oil prices
Iran tells Trump: Please stop tweeting, you're driving up oil prices

Oil prices have risen in the past 12 months to a peak in late June and early July. Though it's unclear if the kingdom will end up pumping up to an extra two million barrels of oil per day, as Trump is demanding. These cuts have been the greatest gift to shale. As such, the long-term oil curve is in backwardation and already indicates a moderation ...

Read more

  • Micron says China ban unfair but won't hurt revenue
Micron says China ban unfair but won't hurt revenue

In December, Micron introduced a lawsuit in United States District Court for the Northern District of California that accused UMC of stealing trade secrets and giving the technology to Jinhua. It also resells flash memory products purchased from other suppliers. Because China cannot replace Micron's supply of chips with its own domestically produ...

Read more

  • China warns of 'counterattack' as United States tariffs take effect
China warns of 'counterattack' as United States tariffs take effect

Trump has threatened to progressively ratchet up USA penalties to a total of $450 billion in goods - which would represent the lion´s share of all of China´s exports to the United States. "China is the largest trading partner with the Port of Oakland and our exporters and importers are concerned about the potential effect of a trade war ", said Mi...

Read more

  • Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate
Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate

The Bureau of Labor Statistics is set to release the June jobs report at 8:30 a.m. ET. Statistics Canada's Labour Force Survey says the jobless rate in June was down 0.1% from May to 5.8% . The moderate wage growth should allay fears of a strong build-up in inflation pressures. The figures for April and May were also revised up, showing that...

Read more

  • China PM warns 'China will take measures in response' to tariffs
China PM warns 'China will take measures in response' to tariffs

However, China stopped short of actually saying it had implemented tariffs, stirring market confusion. Global stock markets managed small gains Friday, overcoming earlier wobbles prompted by China and the United States firing opening salvos in a trade war that pits the world's two biggest economies against each other .

Read more

  • The Collapsing Kentucky Bourbon Warehouse Is No More
The Collapsing Kentucky Bourbon Warehouse Is No More

Sazerac Inc., parent company of the distillery, is now facing fines of up to $25,000 per day related to the first incident on June 22, state officials, said according to CNN . As many as 9,000 more barrels could have been smashed in the rubble on Wednesday, but officials said this time the runoff was contained before seeping into the water.

Read more

  • Canada pushing for intensive NAFTA talks
Canada pushing for intensive NAFTA talks

Canada's Building Trades Unions (CBTU) continues to support the Federal Government in its recent efforts to respond to the Trump Administration's misguided decision to impose tariffs on the aluminum and steel industry in Canada. On Sunday, as Canada turned 151 years young, Americans turned to Twitter to not only wish our fine country a happy Cana...

Read more

  • China central banker says currency slide under observation
China central banker says currency slide under observation

It rose further, by 0.41 per cent, to 6.6384 on Wednesday morning. Four traders told Reuters that major state-owned banks were seen swapping yuan for dollars in the forwards market and immediately selling some of them into spot market, which helped support the Chinese currency.

Read more

  • Oil climbs despite Trump’s call for OPEC to reduce pricing
Oil climbs despite Trump’s call for OPEC to reduce pricing

The 15 member states are Iran, Iraq, Saudi Arabia, Venezuela, the UAE, Qatar, Nigeria, Libya, Kuwait, Gabon, Equatorial Guinea, Ecuador, Congo, Angola and Algeria. America wants to cut Iran's oil exports to zero by November. The early reaction to Trump's tweet was normal. Outside North America, looming US sanctions against major oil exporter I...

Read more

  • Oil price jumps on supply issues
Oil price jumps on supply issues

According to a Reuters survey , Saudi Arabia's output is up by 700,000 barrels per day from May, while Russian output is up to 11.06 million barrels per day in June from 10.97 million barrels per day in May, according to the Russian Energy Ministry, cited by Reuters .

Read more

  • Cabinet approves Rs 200 per quintal hike in MSP for paddy
Cabinet approves Rs 200 per quintal hike in MSP for paddy

For pulses, apart from moong, MSP of arhar ( tur ) has been raised by Rs 225 per quintal. The Narendra Modi government has cleared a new list of minimum support price for 14 summer (kharif) crops - the biggest in its tenure that will cost the state almost Rs 15,000 crore in public funds.

Read more

  • Washington blocks China Mobile from USA market
Washington blocks China Mobile from USA market

President Donald Trump has also threatened additional tariffs on $200 billion of Chinese imports that could be implemented if China imposes counter-measures. State-owned China Mobile applied to the US Federal Communications Commission (FCC) for a licence to do so in 2011. Phone calls or other communications from U.S.

Read more

  • Joey Chestnut downs a record 74 franks for 11th title
Joey Chestnut downs a record 74 franks for 11th title

A Las Vegas woman has consumed 37 hot dogs to win her fifth straight title in the women's side of the annual July 4 contest. The 2017 winners were Joey Chestnut and Miki Sudo , two of the most famous carnivores in the sport of competitive eating.

Read more

  • European Union warns Trump that raised auto import tariffs would hurt US
European Union warns Trump that raised auto import tariffs would hurt US

It won't target 284 additions, worth $16 billion, until it gathers further public comments. Its tariffs are meant to deliver pain to American farmers, who overwhelmingly backed Trump in the 2016 election and whose interests are represented by powerful lobbyists and members of Congress.

Read more

  • Chinese billionaire dies after falling while posing for a photo in France
Chinese billionaire dies after falling while posing for a photo in France

Wang's family and many friends". BEIJING-The co-chairman of HNA Group , a conglomerate that operates China's fourth-largest airline and finance, logistics and other businesses around the world, died in an accident while on a business trip in France, the company said Wednesday.

Read more

  • Hyundai says FCA buyout rumor 'totally groundless'
Hyundai says FCA buyout rumor 'totally groundless'

Paul Singer, principal of Elliott Management, is the key figure in launching this bid and the activist shareholder has a stake worth $1 billion (Rs. 6,861 crore estimated) in Hyundai. In 2017, there were also several reports that Hyundai and FCA were exploring a merger . "That rumor is totally groundless", he said. However, they confirmed to be ...

Read more

  • Trump threatens to leave WTO after European Union warning on vehicle tariffs
Trump threatens to leave WTO after European Union warning on vehicle tariffs

However, China's offer at the upcoming summit to open up reflects Beijing's concern that it is set to face tighter European Union controls, and regulators are also blocking Chinese takeover attempts in the United States. levy on pickup trucks. The act would allow Trump to ignore the WTO's "most favored nation" principle, which stops countries t...

Read more

  • Giant LeBron James banner in Cleveland comes down
Giant LeBron James banner in Cleveland comes down

It's one of the most photographed attractions in Cleveland. "It's by far the strongest free agent or traded player performance we've seen in the National Basketball Association", says Jack Boyle, Fanatics' co-president of direct-to-consumer business.

Read more

  • Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'
Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'

Asked if he planned to pull out of the WTO , Trump said the trade organization had treated the U.S. A report that US President Donald Trump is looking to walk away from the World Trade Organisation and instead adopt a United States Fair and Reciprocal Tariff Act , or Fart Act, has been greeted with loud amusement on Twitter.

Read more

  • Trump lashes out at Saudi Arabia, urges increased oil supply
Trump lashes out at Saudi Arabia, urges increased oil supply

The Kingdom, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. A US State Department official said in a briefing that more than 50 global companies intend to drop the use of Iranian oil before the 4 November restart of the sa...

Read more

  • Asian factories lose momentum even before Trump's tariffs kick in
Asian factories lose momentum even before Trump's tariffs kick in

USA synth company Moog has warned that a 25% tariff on the import of Chinese goods brought in by President Trump could result in layoffs and the end of its instruments being made in the US. Krugman warns that consequences of these disputes affect the structure of world trade: "The U.S.is now behaving in ways that could all too easily lead to a ...

Read more

  • Wal-Mart draws fire for 'Impeach 45' T-shirts
Wal-Mart draws fire for 'Impeach 45' T-shirts

Walmart Inc.'s (WMT.N) website is selling t-shirts from third-party sellers with "IMPEACH 45" emblazoned across the front in big capital letters - a call to bring down the 45th US president, Donald Trump . When News4Jax searched the link the apparel was found on, it appeared to have been taken down . The Washington Times reached out to Walmart ...

Read more

  • German minister drops threat to quit over migration
German minister drops threat to quit over migration

Chancellor Angela Merkel and her rebellious Bavarian allies searched Monday for a way to resolve a standoff over migration after Germany's interior minister offered to resign, but a compromise looked elusive in the dispute that has rocked her government.

Read more

  • Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls
Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls

The United States , which works closely with Mexican law enforcement in its fight against drug cartels, was tired of a softening of Mexico's security policies . But he now supports reaching an agreement with the United States and Canada, though talks have been stalled over Trump administration demands for higher USA content and a "sunset clause...

Read more