by | September 11, 2018 | 17:27

President Donald Trump insists his trade war with China will spur more manufacturing jobs in the U.S. Two of the companies he's targeted - Apple Inc. The company also said tariffs on wearable products would not effectively advance the administration's goals. The automaker emphasized that it already has a substantial manufacturing presence in the U.S.

by | September 11, 2018 | 16:40

Forex dealers said besides strong demand for the American currency, dollar buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency. A report by worldwide credit rating agency Moody's Investors Service mentioned that sustained weakening of the rupee was "credit negative" for Indian companies that rely on USA dollar debt to fund their operations but generate revenue in rupees.

by | September 11, 2018 | 15:10

Kevin Lewis, the former spokesman, told Hill.TV that Obama came into office when both the USA and global economy were in a "free fall", and that he made the "necessary steps" and worked with Congress to ultimately save both. Standing behind the same podium where the former White House press secretary Sean Spicer once falsely claimed that Trump's inauguration drew the largest crowd there had ever been, Hassett thanked the reporter for the chance to set the record straight.

by | September 11, 2018 | 07:59

President Donald Trump tweeted Saturday that there's a simple solution: just make the products in the U.S. where there'd be zero tariffs. Apple didn't disclose by how much the tariffs would increase its costs, but said "they will increase the cost of Apple products" and argued the burden of the tariffs would fall heaviest on the USA and not China .

by | September 11, 2018 | 05:25

White House press secretary Sarah Sanders previously inaccurately claimed Trump had achieved more gains in African American employment than President Obama had in eight years. "And, usually, the answer is he doesn't have an answer", Obama said then. "The Economy is sooo good, perhaps the best in our country's history", Trump tweeted on Monday, adding moments later that he had taken GDP growth over 4.2 per cent "and we will do much better than this!" John Sununu criticized former ...

by | September 11, 2018 | 00:28

So, the prices would have fallen by one rupee only if the prices had remained at May 30 levels, which was Rs 82.62 a litre for petrol and Rs 75.19 a litre for diesel. This led to its excise collections from petro goods more than doubling in last four years - from Rs 99,184 crore in 2014-15 to Rs 2,29,019 crore in 2017-18.

by | September 10, 2018 | 22:25

The company said the additional proposed tariffs will require it to hike the cost of many of its products in the US. Apple chief executive officer Tim Cook earlier this year told US President Donald Trump tariffs "were not the right approach".

by | September 10, 2018 | 18:51

Some components for Apple products, including glass from manufacturers like Corning, are made in the United States, the company has said. Apple, like other tech giants, has benefited from the last year's overhaul to the US tax code, and the company has committed to returning much of the $252 billion in cash it held overseas.

by | September 10, 2018 | 16:10

Singapore slipped 0.6 percent and Taipei shed 1.1 percent, while Bangkok and Jakarta were also sharply lower. "Chinese trade data and a ballooning record surplus with the United States over the weekend won't have helped". "Without the tariffs, the business case was pretty solid for that model in the United States market", Kim said. It's not a seller's market, but it's also not a buyer's market.

by | September 10, 2018 | 15:14

A recent report by news agency Press Trust of India (PTI) quoted a top government official as saying that the government will not cut excise duty on petrol and diesel to cushion spiralling prices, as it has limited fiscal space available to take any dent in revenue collections.

by | September 10, 2018 | 10:13

Mr Ma, previously an English teacher, co-founded Alibaba in 1999 and has seen it become one of the world's biggest internet companies. "This transition demonstrates that Alibaba has stepped up to the next level of corporate governance from a company that relies on individuals, to one built on systems of organizational excellence and a culture of talent development ", Ma wrote in a letter published Monday.

by | September 10, 2018 | 09:41

The City of Fresno issued a cease and desist notice to Bird Ride Inc ., owner of the Bird electric scooters , stating the company has until September 9 to remove their equipment from city streets. Eager to further facilitate the switch to scooters, Lyft will soon offer anyone riding its scooters a discount if they start or end their ride near public transit.

by | September 10, 2018 | 03:46

That could help reignite USA demands that Beijing narrow its trade gap, which has temporarily been overshadowed by their clash over complaints China steals or pressures foreign companies to hand over technology. When US President Trump first tossed out the idea of starting a trade war with China, there was a serious chance those taxes would impact the prices of gadgets in the US.

by | September 10, 2018 | 02:46

On Rogan's podcast, Musk made news by apparently taking a hit off Rogan's marijuana. "I think I had one once", Mr. Musk said . "You probably can't do this because of stockholders, right?", Rogan asked, to which Musk nonchalantly shrugged.

by | September 10, 2018 | 01:59

On the heels of a new damning report of a pattern of sexual harassment and sexual assaults, CBS chief Les Moonves is reportedly stepping down, according to CNN and other media. "These are more numerous claims, these are six women all of them on the record, also describing more serious allegations", Farrow said on CNN's "Reliable Sources" shortly after The New Yorker published the followup.

by | September 09, 2018 | 22:30

Windsor's rate is now tenth highest among 34 larger Canadian cities. On the positive side, however, the number of full-time jobs in August rose by 40,400. Employment in the province increased by 16,000 last month, but the unemployment rate remained the same as more people entered the labour market. Ontario lost 80,100 jobs last month after gaining 60,600 in July - with both data points nearly entirely driven by swings in part time work.

by | September 09, 2018 | 21:40

Time's Up included a link to its own Go Fund Me page, urging CBS leaders to "use this money to provide power and justice to victims of abuse". Under that arrangement, Moonves, remarkably, would be forfeiting approximately $80 million in compensation which he would reportedly be owed as part of a severance package and a production deal.

by | September 09, 2018 | 13:44

The minister's comments come in the backdrop of the petrol price crossing the record high level of Rs 80 per litre in Delhi. Since then, petrol and diesel prices have, overall, gone up by Rs 2.71 and Rs 3.19 respectively. On Tuesday, former Finance Minister P Chidambaram had tweeted: "Relentless rise in prices of petrol and diesel is not inevitable". And the West Bengal Congress termed the ruling TMC's stand on the September 10 bandh "self-contradictory" and blamed it for compounding the ...

by | September 09, 2018 | 06:44

Ofgem has already capped bills through its safeguard tariff for four million pre-payment meter households, which was extended in February to one million more vulnerable consumers on poor-value default deals who already received the Government's Warm Home Discount.

by | September 08, 2018 | 22:51

According to a report , the crypto market saw someone take a 10,000 BTC short position valued at $74 million. As Bitcoin loses more than half of its value compared to a year ago it is still unclear whether the move by Korea Post will result in a positive outcome in the crypto market.