Markets

by | June 22, 2018 | 18:54

EU Trade Commissioner Cecilia Malmstrom said this week that the 28-nation bloc was "left with no other choice" but to impose tariffs of its own after the "unilateral and unjustified decision of the United States". In two weeks, the United States is due to start taxing $US34 billion in Chinese goods. It had previously registered the move with the World Trade Organization (WTO).

by | June 22, 2018 | 18:49

Further, Russia and Saudi Arabia have been calling for an output hike since last few weeks. Several other OPEC members, including Venezuela and Iraq, are also against major changes to the pact as they are unable to immediately boost production.

by | June 22, 2018 | 16:27

US protectionism is self-defeating and a "symptom of paranoid delusions" that must not distract China from its path to modernisation, Chinese state media said on Friday as Beijing kept up with its war of words with Washington over trade. The higher tariffs had previously been registered with the World Trade Organization (WTO ). By the first week in July, $75 billion in U.S. products will be hit by new foreign tariffs, according to the U.S.

by | June 21, 2018 | 23:47

Weaker Chinese growth will have repercussions for big trading partners, such as the United States and Europe, and for global companies who do business there. He said China's recent claims of "openness and globalisation" are "a joke". Initially, 545 United States products valued at $34bn will be targeted by China, mimicking the Trump administration's tariff rollout.

by | June 21, 2018 | 21:01

Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries (OPEC), signalled on Wednesday it could agree on a small increase in the group's output during a meeting at OPEC's headquarters in Vienna on June 22.

by | June 21, 2018 | 08:56

Unlike Coinrail , which lost more than $40 million in altcoins when it suffered an attack , Bithumb is one of the biggest exchanges-according to CoinMarketCap data , it's the world's sixth largest cryptocurrency exchange . For many months, throughout 2018, industry experts have encouraged local investors to rely on top cryptocurrency exchanges to trade digital assets to ensure they do not fall victim to hacking attacks and lose funds.

by | June 21, 2018 | 00:48

The escalating conflict between the world's two largest economies has rattled markets and companies , which fear disruption to their global supply chains. products. Some companies have reported Beijing is meeting with Chinese businesses to discuss shifting contracts for us goods and services to suppliers from Europe or Japan, or to local Chinese firms, Parker said.

by | June 20, 2018 | 19:59

However, just a few days back, Comcast threw down the gauntlet, putting in a $ 65 billion all-cash bid. The improved offer came as 21st Century Fox board was set to decide whether to back Comcast's bid for assets that include Fox's film and television studios and global businesses.

by | June 19, 2018 | 08:32

She also warned the minister, Horst Seehofer , against defying her, saying she is ultimately in charge of government policies. Merkel's woes come as European Union countries are once again at loggerheads over immigration , triggered by Italy's refusal this month to allow a rescue ship carrying 630 migrants to dock.

by | June 19, 2018 | 07:47

China is retaliating by raising import duties on $34 billion worth of American goods, including soybeans, electric cars and whiskey. "Further action must be taken to encourage China to change its unfair practices, open its market to United States goods and accept a more balanced trade relationship with the United States", Trump said in a statement.

by | June 19, 2018 | 06:49

The US "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed worldwide society", China's commerce ministry said in a statement on its website.

by | June 19, 2018 | 04:07

Trump's highly intrusive comments came as Merkel was fighting to save her coalition government amid demands by her interior minister to turn back immigrants at the border. Several high profile crimes by migrants have also fuelled anger. With an eye on October's Bavaria state election, the CSU is anxious to assure voters that it has a roadmap to curb the migrant influx.

by | June 19, 2018 | 01:25

This includes US and European markets, with products from the Chinese retailer appearing in relevant Google Search results. Google's search engine has been blocked in China since 2010 over its refusal to censor search results to comply with local laws.

by | June 19, 2018 | 01:24

The Audi probe: Audi has been accused of having sold at least 210,000 diesel-engine cars fitted with cheat software in the United States and Europe, starting in 2009. To date, just two people have been convicted over "dieselgate", both in the US. At 1040 GMT, VW shares were down 2.7 per cent at 156.70 euros, one of the biggest falls by a European blue-chip stock.

by | June 18, 2018 | 14:31

Munich prosecutors investigating Audi's role in the 2015 scandal confirmed they arrested Stadler, 55, in the Bavarian capital because of risk he may tamper with evidence, according to an emailed statement Monday. Last month, Audi admitted that another 60,000 A6 and A7 models with diesel engines have emission software issues. The emissions scandal dates back to September 2015 when VW admitted using illegal software to cheat USA emissions tests on diesel engines.

by | June 18, 2018 | 05:27

In addition to Strzok and Page, the report identifies another FBI attorney who had sent anti-Trump messages and had been assigned to the Clinton investigation and also the investigation into Russian interference. The FBI is now led by someone Trump picked, Director Christopher A. Wray. Clinton has blamed her election defeat on Comey's public disclosure of a reopening of the email investigation 11 days before the 2016 election.

by | June 18, 2018 | 02:03

KSHB-TV reports the two deputies were transporting prisoners around 11:30 a.m. when they were "overcome" and were shot. The Kansas City, Kansas Police Department is heading the investigation and hopes surveillance video will help with that.

by | June 17, 2018 | 19:53

According to the Out of Reach report , no one earning the federal minimum wage or any state minimum wage can comfortably afford a two-bedroom rental home at fair market rent working a 40 hour work week. But, if all you want to do is work, it'll take 143 hours per week at minimum wage. "They need to do a revision", said Tillman. In Virginia, where the minimum wage is $7.25, the gap is even greater.

by | June 17, 2018 | 16:58

Escalation looms. In April, Trump asked officials to consider an additional $100 billion in levies. USA tariffs that affect more than 800 Chinese products worth $34bn in annual trade are due to come into effect on 6 July. And China and others steal those secrets, and we're going to protect those secrets. "Anything that affects the supply chain is obviously not a great thing", said Kristan Porter, president of the Maine Lobstermen's Association.

by | June 17, 2018 | 15:45

The announcement follows news that the government is planning to ban the sale of plastic straws, drinks stirrers and cotton buds from sale in England . All JD Wetherspoon pubs stopped using plastic straws at the beginning of the year. Initially only a limited number of the chain's restaurants will have recycling facilities for the paper straws, but the company has committed to ensuring they can be recycled at all stores by the end of 2019.