Money

Trump threatens almost all imports from China as Beijing fires back

Trump threatens almost all imports from China as Beijing fires back Trump said after the legal process is complete, these tariffs worth United States dollars 200 billion will go into effect if China refuses to change its practices. China's Commerce Ministry fired back in a statement, "The United States has kept changing its mind and now launched a trade war ". Chinese authorities also pledged to add another 114 product categories to the existing list. [Full Article...]

Two people killed in officer-involved shooting in downtown Kansas City

Two people killed in officer-involved shooting in downtown Kansas City KSHB-TV reports the two deputies were transporting prisoners around 11:30 a.m. when they were "overcome" and were shot. Kelli Bailiff. The inmate was taken in a van to a gated area behind the building, and when the inmate got out of van, he somehow overtook and shot the deputies, possibly with their own guns, Bailiff said. [Full Article...]

AT&T Wins in Court to Merge With Time Warner

AT&T Wins in Court to Merge With Time Warner AT&T Chairman and CEO Randall Stephenson argued the company's proposed $85.4 billion takeover of Time Warner is necessary to compete against companies like Amazon, Facebook , and Google . AT&T said that controlling Time Warner's cable brands will help it craft new types of content to retain its customers as web-based rivals like Netflix Inc woo audiences away from traditional pay-TV subsc... [Full Article...]

Domino's tackling potholes for the sake of pizza

Domino's tackling potholes for the sake of pizza We'll skip the debate on the "great-tasting pizza" comment and note that the initiative is called Paving For Pizza , and Domino's says in a release that it fixed 200 potholes across four municipalities. Just go to pavingforpizza.com and enter your zip code. The pizza chain has more than 14,800 stores in more than 85 markets. Fouracre declined to disclose specific grant details, but said they're... [Full Article...]

North Korean leader Kim, Trump both arrive in Singapore ahead of summit

Trump in May briefly scrapped the summit with Kim, only to later reinstate the meeting after meeting withNorth Korea official Kim Yong Chol. Now, both sides appear prepared to let Tuesday's historic face-to-face between the sitting leaders of the USA and North Korea function as more of an ice-breaker (and photo op) than a high-stakes diplomatic showdown. [Full Article...]

Verizon names Vestberg as successor to CEO McAdam

Verizon names Vestberg as successor to CEO McAdam A judgment on that case is expected by June 12. One of McAdam's signature deals was Verizon's $130 billion buyout of Vodafone's 45% stake in the US wireless company, a deal which gave the company full access to the profits from its mobile operations and the resources to invest in its mobile network and fend off challengers. [Full Article...]

OPEC Oil Basket Exports Rise 28 Percent

OPEC Oil Basket Exports Rise 28 Percent The United States is the second largest producer of crude oil and higher prices have now become more important to the USA economy then lower prices. As speculation swirls over whether Opec and its allies will relax the caps at a meeting in Vienna later this month, Goldman Sachs Group Inc is still bullish on oil as it says stockpiles will continue to diminish this year. [Full Article...]

Nyantakyi In Trouble! Quits GFA- FIFA Fires Him- Begs Nana

Nyantakyi In Trouble! Quits GFA- FIFA Fires Him- Begs Nana I take sole and personal responsibility for the proceedings on the video. The GFA said it would cooperate with any investigation. I wish to state my interest was to develop Ghana Football which led me to take the supposed investors to the President of the Ghana Football Association. [Full Article...]

Porsche christens first electric the Taycan

Porsche christens first electric the Taycan The future Tesla Model S rival's J1 structure is one of three new electric auto platforms being developed within Porsche's parent company, the Volkswagen Group. Porsche's got a history with names that are a bit, shall we say, different. That's double what it had originally planned. By 2022, Porsche will invest 6 billion Euros in its electric vehicle programme with 500 million Euros being sp... [Full Article...]

Elon Musk staves off challenge to stay as Tesla's Chairman

Elon Musk staves off challenge to stay as Tesla's Chairman Tesla's website says delivery for that configuration takes four to six months. "We will honor that obligation" to deliver at that price, he said, "and we would do so now if it was physically possible". In an interview with CNBC News , ARK Invest analyst Sam Korus echoed Kallo's positive sentiment about Tesla's energy business, stating that the company's progress in its battery technology cou... [Full Article...]

China offers to buy $70 billion in USA goods

China offers to buy $70 billion in USA goods Mexico announced steep duties Tuesday on a raft of U.S. products ranging from whiskey to apples in retaliation for the "unilateral adoption" by Washington of steel and aluminium tariffs . In a report by the Economic Policy Institute, between 2001 and 2015, about 3.4 million U.S.jobs were lost due to the country's trade deficit with China. [Full Article...]

Qatar Airways boss says women can't do his job

Qatar Airways boss says women can't do his job Qatar Airways Chief Executive Officer Akbar al-Baker poses with cabin crew in an Airbus A350-1000 at the Eurasia Airshow in the Mediterranean resort city of Antalya, Turkey April 25, 2018. Qantas' chief said at the same press conference that the Australian carrier had achieved a strong turnaround in profits partly due to its pursuit of diversity, with women making up 40 per cent of senior managem... [Full Article...]

Trump says he wouldn't mind replacing NAFTA with 2 deals

Trump says he wouldn't mind replacing NAFTA with 2 deals The European Union included jewelry products, Bourbon whiskey, automotive glass, telecom equipment and a wide range of personal care products. On Thursday, Trump announced he would remove exemptions and impose 25 percent tariffs on steel and 10 percent tariffs on aluminum imports from Canada, as well as the European Union and Mexico . [Full Article...]

Google will let its AI contract with the Pentagon expire after backlash

Internal emails reviewed by Gizmodo show that Google executives "viewed Project Maven as a golden opportunity" to win other AI contracts, including those pertaining to the military and U.S. The EFF and others stressed the need for moral and ethical frameworks regarding the use of artificial intelligence in weaponry. Some employees planned to hold a public rally in San Francisco in July... [Full Article...]

Ross arrives in Beijing for talks on trade surplus

Ross arrives in Beijing for talks on trade surplus The trade war between the United States and China is reportedly heating up, despite announcements last week that a tentative solution has been found. White House Press Secretary Sarah Huckabee Sanders also gave an alternative interpretative of Mnuchin's remarks. Investors monitor stock prices at a securities company in Shanghai, May 30. [Full Article...]

Euro Consolidates Around 1.16 over Positive Inflation Data

Euro Consolidates Around 1.16 over Positive Inflation Data Enraged at losing their chance at governing following inconclusive elections in March, both the anti-establishment 5-Star Movement and the anti-euro League vowed with other parties to vote against a Cottarelli government when it faces a vote of confidence in parliament, expected later this week. [Full Article...]

Amazon to block Aussie shoppers from United States website

Amazon to block Aussie shoppers from United States website Amazon .com Inc said on Thursday it will force Australians to use its Australian website instead of its much larger US site from July 1 to avoid a new sales tax on certain imported goods. "The government doesn't apologize for ensuring multi-nationals pay a fair amount of tax here in Australia", a spokeswoman for Treasurer Scott Morrison said in an email. [Full Article...]

Trump to remove tariff exemption from EU, Canada, Mexico

Commerce Secretary Wilbur Ross announced this morning that the USA will move forward in implementing steel and aluminum tariffs against the E.U., Canada and Mexico unveiled this past March, rather than extending a previous deadline Friday that had exempted allies from the tariffs. [Full Article...]

One paisa petrol price cut: Is there no solution?

One paisa petrol price cut: Is there no solution? Petrol and diesel prices in India are linked to Singapore gasoline prices GL95-SIN and Arab Gulf diesel prices GO-AG, which mostly track movements in crude oil prices LCOc1. An excise duty cut can upset the government's fiscal math. Oil refiners had switched to daily revision in prices past year. The Oil and Gas Regulatory Authority (OGRA) on Wednesday sent a summary to the power division sug... [Full Article...]

Federal Government to Buy Trans Mountain Pipeline for $4.5-Billion

Federal Government to Buy Trans Mountain Pipeline for $4.5-Billion Finance Minister Bill Morneau drew the ire of Conservatives Tuesday by questioning if Tory Leader Andrew Scheer has the business chops to understand the government's $4.5-billion plan to buy the Trans Mountain pipeline and all of Kinder Morgan Canada's core assets. [Full Article...]


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