Money

"Violently Changed Their Culture": Donald Trump On Migrants In Europe

But Merkel, who has led Germany since 2005, has so far flatly rejected the proposal, claiming that turning aliens away at the border would contravene supposed European Union values and undermine f...

by · Money
China says will 'fight back firmly' if United States publishes additional tariffs list

China says will 'fight back firmly' if United States publishes additional tariffs list

Later on Friday, China announced its own tariffs on American goods, including a wide range of seafood and agricultural products, many cars and trucks, petrochemicals and an array of medical equipmen...

by · Money
Donald Trump Readies New Tariffs for China

Donald Trump Readies New Tariffs for China

It wasn't immediately clear when the new tariffs could be put in place, as the trade office has yet to identify the Chinese goods to be penalized or conduct a legal review. He added that China is a "p...

by · Money
Google's investing $550 million into Chinese shopping site JD.com

Google's investing $550 million into Chinese shopping site JD.com

This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets. Google has made investments in China, released products the...

by · Money
Audi CEO detained in diesel emissions case

Audi CEO detained in diesel emissions case

Audi CEO Rupert Stadler has been arrested. Audi had no immediate comment regarding the arrest, and Stadler himself as well as Munich prosecutors were not immediately available for comment. Even i...

by · Money

Audi CEO arrested in Germany over diesel scandal

The Dieselgate scandal dates back to 2015, when Volkswagen was caught out by US authorities for installing emissions cheating defeat device software in millions of diesel vehicles sold worldwide. Au...

by · Money
McDonald's to Replace Plastic Straws in UK, Ireland Locations

McDonald's to Replace Plastic Straws in UK, Ireland Locations

McDonald's United Kingdom and Ireland announced that it would be incorporating paper straws into all its restaurants starting in September. McDonald's also plans to test alternatives to plastic st...

by · Money
Chicago chooses The Boring Co. for express airport service

Chicago chooses The Boring Co. for express airport service

Drilling for the project, pending regulatory and environmental approvals, could begin in as soon as three to four months, said Musk, who also founded and heads luxury electric auto maker Tesla Inc a...

by · Money
Canada Goose (GOOS) Downgraded to

Canada Goose (GOOS) Downgraded to "Hold" at Zacks Investment Research

In the case of Canada Goose Holdings Inc ( TSE:GOOS ), there's is a financially-healthy company with a great track record and a buoyant growth outlook. Canada Goose stock opened at $45.85 on Wednes...

by · Money
McDonald's to test plastic-straw alternatives in U.S. later this year

McDonald's to test plastic-straw alternatives in U.S. later this year

It comes after McDonald's moved all its plastic straws behind the counter to "put the decision for use in the hands of the customer". McDonald's Corp. Tetra Pak - the food packaging company - said p...

by · Money
China’s Didi Chuxing Ride-Hailing Service Expands To Australia

China’s Didi Chuxing Ride-Hailing Service Expands To Australia

That marks the newest overseas market for the company, after starting operations in Mexico in April, and investing in a local ride-sharing firm in Brazil in January. But just a day earlier, Australi...

by · Money
Draghi signals the beginning of the end for easy money

Draghi signals the beginning of the end for easy money

This development occurred in the wake of a decision made by the European Central Bank to keep interest rates at record lows into 2019 while simultaneously moving to end its massive bond purchase s...

by · Money
CPB Contractors wins $260m contract for BHP's South Flank

CPB Contractors wins $260m contract for BHP's South Flank

BHP will invest almost $4 billion in a new mine in WA's Pilbara, announcing the move to push ahead with the South Flank project, which will replace its aging Yandi mine and is tipped to create thous...

by · Money

Maine Delegation issues joint statement regarding China's retaliatory tariffs on lobster

Caterpillar Inc, another big exporter to China, ended 2 percent lower. Earlier on Friday, US President Donald Trump said Washington would respond with more tariffs if China retaliated. Trump's...

by · Money
UK's N Brown looks to close all 20 stores and move online

UK's N Brown looks to close all 20 stores and move online

The move can put 270 jobs at risk. The shops, which are dotted around the United Kingdom, from London to Belfast and Glasgow, contributed £15m, or 2% sales, a year ago and made a loss of £3m. Exclud...

by · Money
Supreme Court dismisses appeal in Pimlico Plumbers employment case

Supreme Court dismisses appeal in Pimlico Plumbers employment case

Said Philip Richardson, Head of Employment Law at Stephensons: "While stopping short of setting a precedent, the Supreme Court judgement has nonetheless applied pressure to legislators to "sort out"...

by · Money

Australian jobless rate falls to 5.4 pct in May

SA now trails only Victoria (5.1 per cent) and NSW (4.9 per cent) but is marginally above the national rate, which sits at 5.4 per cent for the fifth consecutive month. The small rise in employment ...

by · Money
Rolls-Royce to axe 4600 jobs in major restr

Rolls-Royce to axe 4600 jobs in major restr

While issues with its Trent 1000 jet engine have contributed to financial challenges, Rolls Royce said it will continue to focus on civil aerospace, aiming for a 50% share of the engine market. He c...

by · Money
Surprise rise in United States oil inventories pushes crude prices down

Surprise rise in United States oil inventories pushes crude prices down

In the US, government data showed crude stockpiles declined by 4.14 million barrels last week, while in Libya armed clashes halted oil loadings at the country's biggest port. Official US production ...

by · Money
VW fined one billion euro by German prosecutors over dieselgate

VW fined one billion euro by German prosecutors over dieselgate

Volkswagen has agreed to pay a €1bn (£880m) fine in Germany , saying the penalty means it "accepts responsibility" for the diesel emissions scandal which sent the company into crisis. The German fi...

by · Money
China pledges to 'immediately' retalliate to Donald Trump's latest tariffs

China pledges to 'immediately' retalliate to Donald Trump's latest tariffs

Trump said the 25 percent tariff is supported by a report from the Office of the U.S. Trade Representative that found China's trade practices related to technology and intellectual property ar...

by · Money
Facebook confirms it tracks everything about you. And, it's creepy

Facebook confirms it tracks everything about you. And, it's creepy

Facebook has responded to the US Congress list of questions about the social network's policies and data collection framework. Cruz also asked what percentage of the moderators Facebook uses to ...

by · Money
1 deputy killed, another shot in court building

1 deputy killed, another shot in court building

Bailiff says it's possible the deputies were overcome with their own weapons. The Kansas City, Kansas police department is heading the investigation. Bailiff said the inmate was being taken across t...

by · Money
Seattle Repeals Tax On Big Business After Opposition From Amazon, Starbucks

Seattle Repeals Tax On Big Business After Opposition From Amazon, Starbucks

It stays to be seen whether Seattle's withdraw will chillingly affect different urban communities considering charges on substantial tech organizations to help alleviate the impacts of development. Am...

by · Money
Theranos founder Holmes indicted on wire fraud charges

Theranos founder Holmes indicted on wire fraud charges

Shortly before the indictments were announced on Friday, the company said that Holmes would step down as chief executive officer. After the SEC charged her and the company with fraud earlier this ye...

by · Money
Trump announces tariffs on $50 billion in Chinese imports

Trump announces tariffs on $50 billion in Chinese imports

The president has been threatening tariffs against China since US officials concluded that Beijing abuses American intellectual-property rights. They are part of Trump's decision to go forward wit...

by · Money
Regional American Airlines carrier cancels 100s of flights

Regional American Airlines carrier cancels 100s of flights

ET on June 15", the statement read. Early Friday morning, Greenville-Spartanburg International Airport shows several canceled flights. "We never want to disrupt our customers' travel plans, and we...

by · Money

McDonald's to ditch plastic straws in UK, Ireland

McDonald's said it had found two suppliers to meet its needs for paper straws - a global company called Huhtamaki which has a production plant in Belfast, and Welsh start-up Transcend Packaging. McDo...

by · Money
Kellogg's announces cereal recall due to Salmonella risk

Kellogg's announces cereal recall due to Salmonella risk

As of June 1, the CDC says, more than 21 people have been hospitalized in 36 states due to the bacterial disease. It's not clear how many people reported being sickened. The larger, "Family Size" bo...

by · Money
Wetherspoons Won't Sell French Champagne Or German Beers Post-Brexit

Wetherspoons Won't Sell French Champagne Or German Beers Post-Brexit

It is switching from a range of drinks including Champagne and wheat beers, which are produced in France and Germany, with sparkling wines from the United Kingdom, such as Denbies Sparkling Whitedowns...

by · Money
Trump says he will confront China 'very strongly' on trade

Trump says he will confront China 'very strongly' on trade

China has pledged that any tariffs will void progress made in recent trade talks between Beijing and Washington and has drawn up its own list of $50 billion in United States goods to target. "We ...

by · Money
Microsoft Takes Aim at Amazon With Push for Checkout-Free Retail

Microsoft Takes Aim at Amazon With Push for Checkout-Free Retail

The technology is similar to that used in Amazon's automated stores in that shoppers can add items to their carts, leave the store, and have all the items paid for. The automated checkout market could...

by · Money
China Warns on US Trade Deals If Trump Raises Import Tariffs

China Warns on US Trade Deals If Trump Raises Import Tariffs

Trump has convened a meeting at the White House on Thursday to talk with his trade team about whether to move forward with tariffs on Chinese goods, according to two people familiar with the plans. ...

by · Money
SEC Spokesman Says Ethereum and Bitcoin Are Not Securities: Relieved Markets Rally

SEC Spokesman Says Ethereum and Bitcoin Are Not Securities: Relieved Markets Rally

It defines an investment contract under securities law as a contract that involves an investment of money from an expectation of profits arising from a common enterprise depending only on the efforts ...

by · Money
Oil steady as Trump, Kim launch summit in Singapore

Oil steady as Trump, Kim launch summit in Singapore

OECD commercial oil inventories are now 26 million barrels below the five-year average as of April, the target that OPEC has said it is aiming for in its market rebalancing efforts, the OPEC report ...

by · Money
United States, Mexico and Canada To Host 2026 World Cup

United States, Mexico and Canada To Host 2026 World Cup

Usually referred to as just the World Cup, the tournament is the biggest sporting competition on the planet. Putin and Infantino smiled and shrugged as they sat next to Saudi Crown Prince Mohammed b...

by · Money
No one earning minimum wage can afford a modest apartment

No one earning minimum wage can afford a modest apartment

A new study published by the National Low Income Housing Coalition shows that OH workers would need to make nearly double the minimum wage to rent a two-bedroom apartment. That's over $10 more than ...

by · Money
Musk company to build Chicago-to-O'Hare express transport

Musk company to build Chicago-to-O'Hare express transport

At the company's annual shareholder meeting earlier this month, Musk said he expected the Palo Alto, California, company to post a quarterly profit during the July-September period. According to the ...

by · Money
Tesla to Roll Out Software with Self-Driving Focus

Tesla to Roll Out Software with Self-Driving Focus

The tweet that alerted the world to Tesla's impending update was a response to an owner complaining about Autopilot's merging performance in traffic. The NTSB's recent preliminary report into th...

by · Money
Fed Lifts Interest Rates, Expects 3.6% Unemployment

Fed Lifts Interest Rates, Expects 3.6% Unemployment

The Fed now foresees four rate hikes this year , up from the three it had previously forecast. What took investors by surprise was the Fed's projection that it would increase rates twice in the n...

by · Money