Finance


Google Invests $550 Million in Chinese Online Shopping Site JD.com Google Invests $550 Million in Chinese Online Shopping Site JD.com
- June 19, 2018

The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. Walmart teamed up with Google past year as both battle Amazon . Items listed for sale on JD.com will be promoted through Google's shopping search results. (more...)
Audi CEO Rupert Stadler detained in diesel emissions case, reports say Audi CEO Rupert Stadler detained in diesel emissions case, reports say
- June 19, 2018

Prosecutors from Munich carried out searches in the homes of current and former Audi employees on Wednesday as part of an investigation into diesel emission control software cheating by the. The company has pleaded guilty to fraud in the United States and charged $25 billion in fines, penalties and restitution for owners and vehicle dealers. (more...)
China pledges to 'immediately' retalliate to Donald Trump's latest tariffs China pledges to 'immediately' retalliate to Donald Trump's latest tariffs
- June 19, 2018

Trump also said the us would impose more tariffs on Chinese goods if China retaliates with duties of its own on American products. China's Commerce Department announced several months ago that it would impose retaliatory tariffs on 106 USA goods amounting to roughly $50 billion in imports. (more...)
Report faults Comey but finds no political bias Report faults Comey but finds no political bias
- June 18, 2018

The IG report has its origins in the tumultuous days after the 2016 presidential election, when politicians and Justice Department veterans of all stripes cried foul at the FBI's public statements about its investigation of Clinton's email practices. (more...)
European Central Bank to end stimulus programme by year’s end European Central Bank to end stimulus programme by year’s end
- June 17, 2018

Petersburg, Florida. Euro bulls who expected the European Central Bank to hike rates at an earlier juncture were caught out as the single currency slumped almost 1.9%, sending traders piling into the dollar and yen. Excluding autos, retail sales increased 0.9% in May (consensus +0.5%), and the April increase was revised to 0.4% from 0.3%. Australia's S&P-ASX 200 jumped 1.2 percent to 6,089.10. (more...)
Chicago taps Musk's firm to build high-speed tunnel to O'Hare Chicago taps Musk's firm to build high-speed tunnel to O'Hare
- June 17, 2018

Emanuel noted that part of the reason behind the city's decision to select the Boring Co . was Musk's record and vision. Entrepreneur Elon Musk has announced the launch of a futuristic new transit system between Chicago and O'Hare International Airport. (more...)
Chinese media mocks 'fool' Trump over tariffs Chinese media mocks 'fool' Trump over tariffs
- June 17, 2018

Trump began his tariff announcement by lauding his "great friendship" with Communist leader Xi Jinping, and how that and relations between the US and China "are both very important to me". If China retaliates, as it has already pledged to do, the USA will impose even more tariffs , Mr Trump warned. The announcement confirms a threat first made by President Donald Trump in March and follows months of trade talks between the two sides. (more...)
One deputy killed, another in critical condition in Kansas City, Kansas One deputy killed, another in critical condition in Kansas City, Kansas
- June 16, 2018

Our law enforcement officers put their lives on the line each and every day to protect the public and their selfless service deserves our hightest honor. She said she'd gladly give up a third trial for her daughter's murder if he could be convicted in the latest one. The courthouse is located at 710 N Seventh Street. (more...)
Trump announces 25% tariff on Chinese imports Trump announces 25% tariff on Chinese imports
- June 16, 2018

Washington has completed a second list of possible tariffs on another $100 billion in Chinese goods , in the expectation that China will respond to the initial USA tariff list in kind, sources said . USTR added an additional 284 product lines not on the original list. Not included are consumer goods including mobile phones and televisions. China reserves its rights to take corresponding measures, the unnamed official was quoted as saying in the report . (more...)
IEA: Iran, Venezuela Oil Production Could Drop 30 Percent IEA: Iran, Venezuela Oil Production Could Drop 30 Percent
- June 16, 2018

Crude rallied to a three-year high in May, and subsequently lost steam as Saudi Arabia and Russian Federation signaled they may raise output. "It's confusing why the president would come out with a statement like this now", Smith said . The benchmark price of crude has surged from around $50 a barrel last summer to within a breath of $80 a barrel a few weeks ago. The rising stocks are in part a result of the surge in US crude oil production C-OUT-T-EIA, which has jumped by 28 percent in ... (more...)
China retaliates against new US tariffs by announcing its own China retaliates against new US tariffs by announcing its own
- June 16, 2018

Pompeo said that during his meeting with the Chinese foreign minister, China reaffirmed its commitment to honoring the U.N. Security Council resolutions on the sanctions. Trump's new 25 percent tariffs will target $50 billion in Chinese imports across a wide variety of industries. "China is our real trade enemy, and their theft of intellectual property and their refusal to let our companies compete fairly threatens millions of future American jobs", Schumer said. (more...)
McDonald's to replace plastic straws with paper ones
- June 16, 2018

McDonald's said its decision followed a successful trial in selected restaurants earlier this year. The announcement comes after the fast food chain said in March that it would remove plastic straws, of which it uses around 1.8 million every day in Britain. (more...)
Fed raises interest rates and predicts faster pace of future increases Fed raises interest rates and predicts faster pace of future increases
- June 15, 2018

They see another three rate increases next year , a pace unchanged from their projections in March. Tighter monetary policy ought not to have a significant impact on the U.S. "Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly". As widely anticipated, the Federal Reserve has raised its short-term federal fund rate - what banks charge each other- by 0.25 points to a range of 1.75 to 2 percent. (more...)
Amazon steps up Prime rollout at Whole Foods Amazon steps up Prime rollout at Whole Foods
- June 13, 2018

In order to get the discount, Amazon Prime members scan their Prime code on the Whole Foods app or give your mobile number at checkout. The service began in February in Austin, Dallas, Cincinnati and Virginia Beach, Va. Today in Philadelphia and a few other USA cities, the answer is yes. Wednesday, Amazon will offer some special discounts including deals on nectarines and peaches, pork sausage and yellowfin tuna steak. (more...)
Domino's wants to fix crumbling roads to save its pizzas Domino's wants to fix crumbling roads to save its pizzas
- June 13, 2018

A spokesperson called it "an extremely isolated incident, confined to a single store". For the creative director of CP+B, the ad agency behind the program, the company's move from mere pizza insurance programs to literal road-paving was a no-brainer. (more...)
Court Approves AT&T’s Merger With Time Warner Court Approves AT&T’s Merger With Time Warner
- June 13, 2018

In making that ruling , Leon reaffirmed the judiciary's traditional tolerance for "vertical integration" - the technical term for mergers between companies that operate related, but distinct, businesses. Initially AT&T and Time Warner planned to use a "selective enforcement" defense, alleging that the administration was blocking the deal because of Trump's dislike of CNN. (more...)
Trump, Kim Agree On Denuclearization, But Deal Seen Symbolic (2 Videos) Trump, Kim Agree On Denuclearization, But Deal Seen Symbolic (2 Videos)
- June 13, 2018

During the signing ceremony, the two leaders sat side by side at an expansive wooden table decorated with white flowers and were flanked on either side by American and North Korean flags, The new Straits Times reported. He pointed to a "freeze for freeze" happening between the US and North Korea to illustrate the point. Randall Schriver, the Pentagon's assistant secretary of defense for Asian and Pacific security affairs, was in Singapore for the summit as part of the US delegation, and will ... (more...)
Navarro apologizes for harsh comment about Canada PM Navarro apologizes for harsh comment about Canada PM
- June 13, 2018

Days later, Trump said that he had left the summit at that stage and was aboard Air Force One en route to Singapore when Trudeau gave the press conference . Trump's metals tariffs, which will charge Canada, Mexico and the European Union 25 per cent on steel and 10 per cent on aluminum exported to the U.S. (more...)
Tesla's August Autopilot update will begin to enable Tesla's August Autopilot update will begin to enable "full self-driving features"
- June 13, 2018

On June 9, Musk tweeted that "10 small rocket thrusters " will come as part of the "Space X option package", claiming they will "dramatically improve acceleration" and possibly even "allow a Tesla to fly". But the concern is whether Tesla's vehicles will be up to doing that safely. Enabling "full self-driving" would make good on a promise by electric-vehicle company Tesla two years ago when it began equipping all new cars with the necessary hardware for full self-driving. (more...)
Elon Musk cutting 9 per cent of Tesla workforce Elon Musk cutting 9 per cent of Tesla workforce
- June 13, 2018

Tesla Inc. ( TSLA ) is reversing out of its stagnant production troubles and making substantial progress, says a KeyBanc Capital Markets analyst. "Profit is obviously not what motivates us", Musk wrote. He also predicted Tesla would be profitable in Q3 and Q4. Tesla is ending its partnership with Home Depot and will remove its branded kiosks from as many as 800 of the home improvement chain's US stores by the end of the year. (more...)
Trump, Pompeo Positive Ahead of NKorean Summit; Officials Meet to Close Differences Trump, Pompeo Positive Ahead of NKorean Summit; Officials Meet to Close Differences
- June 12, 2018

Trump, after meeting recently with a North Korean envoy at the White House, said the summit will likely be part of "a process". As for where Kim will spend the night, he's opted for the St. Kim's full delegation has not yet been confirmed, but other prominent North Korean officials seen in photos included foreign minister Ri Yong Ho and Kim Chang Son - the man who has been in Singapore in recent weeks negotiating logistical details for the summit. (more...)
Poundworld faces collapse after rescue talks fail
- June 12, 2018

The company employs about 5100 people at 335 stores nationwide. The announcement comes after both Toys R Us and Maplin fell into administration earlier this year. Poundworld's losses widened in 2016-17 to £17.1 million, from £5.4m of losses the year before.The retailer was hit with a £5.7 million charge for onerous leases, a provision retailers make when the cost of a lease is no longer covered by the income of the store. (more...)
North Korean leader, Singapore’s PM discuss Korean Peninsula situation North Korean leader, Singapore’s PM discuss Korean Peninsula situation
- June 12, 2018

The city-state of 5.5 million serves as neutral turf for both sides, since it has security partnerships with the US, a North Korean embassy and strong ties with China . He did not answer the question about whether he agrees that there is a special place in hell for Trudeau. He wouldn't say whether Trump would consider withdrawing US troops from the Korean Peninsula, but insisted USA sanctions on the North would remain in place until the North denuclearizes. (more...)
Trump Will Leave Summit With North Korea Early
- June 12, 2018

Trump told reporters the Singapore summit is "really a get-to-know-you kind of situation". Kim smiled as he took a selfie with Singapore's Foreign Minister Vivian Balakrishnan at the scenic waterfront Gardens by the Bay . They will be joined only by translators and will spend a couple of hours before admitting their close advisers to the meeting. North Korea maintains an atrocious human rights record that is inextricably linked to its weapons proliferation. (more...)
Trump expresses optimism amid final Kim summit preparations Trump expresses optimism amid final Kim summit preparations
- June 11, 2018

For the North Korean leader to be willing to agree to the United States president's conditions on denuclearisation, there need to be inducements and assurances offered to Pyongyang . First the nuts and bolts: How do you protect what many North Koreans consider their single most precious resource, the third member of the Kim family to rule and a direct descendant of North Korea's worshipped founder Kim Il Sung? Trump's efforts to make peace with a country that is still technically at ... (more...)