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China: US claim that XI blocked deal

China: US claim that XI blocked deal "bogus"

On Wednesday, Mr Larry Kudlow , who heads the White House Economic Council, said he believed lower-ranking Chinese officials want a deal, including Mr Xi's senior economic adviser Liu He , but...

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Indian parliament to debate no-trust motion against Modi's government

Indian parliament to debate no-trust motion against Modi's government

Mr Modi said on the 15th August, 2015, he had made a promise to electrify every village in 1000 days. Ramchandra Bisht, from Tihri in Uttarakhand, said that employment opportunities have increased in ...

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US Dollar Sinks as President Trump Hits Fed on Hikes

TRUMP TALK: Trump told the TV channel CNBC he was ready to exchange tariffs with China until all of China's exports to the us - worth over $500 billion a year - are hit. The dollar dropped aga...

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Trump threatens tariffs on all $500 billion of Chinese imports

Trump threatens tariffs on all $500 billion of Chinese imports

An afternoon recap of the day's most important business news, delivered weekdays. The president's remarks on China and the European Union run counter to a semi-annual report from the Treasury De...

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Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

LinkedIn has seen record levels of postings seeking employees due to a robust USA job market, according to Microsoft chief financial officer Amy Hood. For the quarter, Microsoft showed strong growth ...

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Trump threatens tariffs on all US$505b of Chinese imports

For years presidents have avoided commenting on the Fed, which markets broadly trust to act in service of its dual objective - maintaining maximum inflation and stable prices - rather than a political...

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Korean oil importers improvise vs U.S. re-imposition of sanctions on Iran

Korean oil importers improvise vs U.S. re-imposition of sanctions on Iran

In June, Saudi Arabia pumped 10.49 million bpd (its OPEC limit is 10.06 million bpd). US independent refiners, including Phillips 66 and Marathon Petroleum Corp, are expected to announce strong ...

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Google finds friend in Trump amid European Union battle

Google finds friend in Trump amid European Union battle

The US president took to Twitter to lash out at the European Union, which handed the penalty to the search giant over its Android operating system. It has changed the lives of millions of Europeans....

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Boris Johnson delivers resignation speech as Theresa May faces Brexit backlash

Boris Johnson delivers resignation speech as Theresa May faces Brexit backlash

Mr Johnson dismissed Mrs May's facilitated customs arrangement plan for the Irish border as a "fantastical Heath Robinson" creation. Johnson said the Lancaster House approach had been welcomed b...

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Pound slumps on inflation figures

Pound slumps on inflation figures

The cost of fuel rose to its highest level in nearly four years last month and held up the rate of inflation in the United Kingdom, according to the Office for National Statistics. The expected inc...

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Blue Origin will perform a high-altitude abort test at 10AM ET

The launch, the ninth test flight in the overall New Shepard development program, was announced a day in advance by the company. After launch, the capsule separated from the rocket just like it sh...

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Papa John’s founder resigns as chairman

Papa John’s founder resigns as chairman

Schnatter , according to Forbes , used the n-word on a conference call this past May. Founder John Schnatter , who was replaced as CEO in January but remains chairman, allegedly used the word in i...

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Papa John's tries divorcing itself from John Schnatter

Papa John's tries divorcing itself from John Schnatter

Schnatter asserted that the board of directors "asked me to step down as chairman without apparently doing any investigation". In a letter to board members, Schnatter gave more details about the c...

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Papa John's founder John Schnatter kicked out of his office

Papa John's founder John Schnatter kicked out of his office

Schnatter is Papa John's brand. 'The agency was promoting that vocabulary ... 'My employees are distraught, they're crushed, and it's all because I was sloppy and I wasn't as sensitive. Former he...

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Musk slammed for calling Thai cave rescuer 'Pedo'

Musk slammed for calling Thai cave rescuer 'Pedo'

It wouldn't have made the first 50 meters into the cave", he told CNN . It wasn't just Unsworth shocked by Musk's tweets . Asked if he would take legal action against Musk over the allegation,...

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Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

Netflix released second quarter earnings after stock markets closed on Monday, and while the streaming giant revealed it added fewer new customers than anticipated, it still added more than 5 million ...

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EU urges big powers to avert trade 'conflict and chaos'

Li has tried appeal to visiting European leaders including German Chancellor Angela Merkel in May by saying their companies were welcome to invest. The first round of the U.S. "Our summit is not direc...

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Woof-Worthy Ways Dog Lovers Can Save On Amazon Prime Day

Woof-Worthy Ways Dog Lovers Can Save On Amazon Prime Day

The Amazon's Prime Day sale is set to begin on July 16. Since then, Amazon has been working to make Prime Day something consumers will look forward to on a yearly basis. 399 and above offer a 1-...

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Amazon Prime Day: Big discounts and special deals in summer sale

Amazon Prime Day: Big discounts and special deals in summer sale

Consumer electronic retailers are preparing themselves for Amazon Prime Day by holding their own one-day only sales to compete with the online behemoth. Also, shoppers can track their Prime Day orde...

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Musk calls mini-sub rescue plan critic ‘pedo guy’ in Twitter tirade

Musk calls mini-sub rescue plan critic ‘pedo guy’ in Twitter tirade

Musk tweeted that his engineers had been working on a mini submarine to aid rescue workers at the Tham Luang cave in northern Thailand . Musk created a " kid-size submarine " and went to Thail...

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Ex-Tesla worker makes it official and blows the whistle to SEC

Ex-Tesla worker makes it official and blows the whistle to SEC

In fact, an all-electric Tesla Model X SUV was seen on the roads of Mumbai past year as well. Tesla has been burning through billions of dollars as it's struggled to ramp up manufacturing of the M...

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ZTE lives on: US Commerce Dept. lifts ban

ZTE lives on: US Commerce Dept. lifts ban

Chinese telecommunications giant ZTE Corp , which was hit with a trade ban by the United States earlier this year, expects to report a net loss of 7 billion yuan (US$1.04 billion) to 9 billion yuan i...

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Justice Department Appeals Approval Of Time Warner AT&T Merger

Justice Department Appeals Approval Of Time Warner AT&T Merger

Stay tuned at Heroic Hollywood for more updates on the merger between AT&T and Time Warner . However, now the DOJ appears to have changed its mind, and served notice today in federal court in W...

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Build-A-Bear shuts down 'pay your age' discount after 'overwhelming' crowds

Build-A-Bear shuts down 'pay your age' discount after 'overwhelming' crowds

Build-A-Bear Workshop's " Pay Your Age Day " drew crowds so big that the company ended the one-day sale early. Build-A -Bear stores around the country were forced to shut down their stores after a p...

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China's June exports jump, surplus with United States at record high

China's June exports jump, surplus with United States at record high

Washington has warned it may ultimately impose tariffs on more than $500bn worth of Chinese goods - almost the total amount of U.S. imports from China a year ago. China's exports to the USA jumped b...

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What is listeria and why are frozen products being recalled?

What is listeria and why are frozen products being recalled?

When you're cooking up a storm and you still have to put the pot of rice on the stove, it can be a bit of an effort. Most of the products taken off the shelves are own-brand vegetable mixes, and 11 ...

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Saudi Arabia to offset loss of Iranian oil, US says

Saudi Arabia to offset loss of Iranian oil, US says

US President Donald Trump's administration has been pressuring its allies to cut imports of Iranian goods to zero by November and India's shift advances the US administration efforts to use energy t...

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China vows to fight back as the trade war escalates

China vows to fight back as the trade war escalates

The ministry said it "solemnly protests" the latest tariff list published by Washington, calling it "totally unacceptable". Shares of NXP Semiconductors NXPI fell roughly 4 percent Wednesday after...

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President Lungu attends Turkish President Erdo?an’s inauguration

President Lungu attends Turkish President Erdo?an’s inauguration

Since a failed coup attempt two years ago he's fired 125,000 workers, the latest 18,000 at the weekend, and jailed 160,000 people including opponents. Tweeting a video apparently showing himself dri...

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Comcast fires new salvo in £26bn battle for Sky

Comcast fires new salvo in £26bn battle for Sky

Fox's new offer , which is an all-cash offer, for the 61% of Sky it doesn't already own is approximately $32.5 billion, a 30 percent increase over its previous offer, which was made in December 2016. ...

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China vows to 'fight back' after U.S. threaten $200bn tariffs on goods

China vows to 'fight back' after U.S. threaten $200bn tariffs on goods

Senate Finance Committee chair Orrin Hatch (R-Utah) also took aim at the announced list , saying it "appears reckless and is not a targeted approach". The goal is to bring the total amount of Chinese...

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Trump Confirms $34B Tariffs on China, Possible $516B More

Trump Confirms $34B Tariffs on China, Possible $516B More

Replacing American shipments with coal from other places would not be hard for China, but a loss of business with the world's top importer of the fuel would hurt companies in West Virginia, a state th...

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Iran's oil minister has hit back at Trump over production demands

Iran's oil minister has hit back at Trump over production demands

There have been reports that Saudi Arabia has boosted its oil production by nearly half a million bpd in June, and the UAE has spare capacity of between 400,000 and 600,000 bpd, Al-Mazrouei said, ...

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What Is the Endgame for the Trump Trade Wars?

What Is the Endgame for the Trump Trade Wars?

It also noted that the profits from reciprocal tariffs will mainly be used to minimize the damage to Chinese enterprises and their employees. Mr Trump said last week that the United States may ultim...

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Turkey's New Era: Turkish President Erdogan takes oath of office

Turkey's New Era: Turkish President Erdogan takes oath of office

He has also pledged to end the state of emergency that has been in place since the failed July 2016 coup and has seen the biggest purge in the history of modern Turkey. His appointment - and the absen...

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Oil mixed on Canadian supply outage, Saudi output hike

Oil mixed on Canadian supply outage, Saudi output hike

However, crude oil is listed as a USA product that will receive an import tariff at an unspecified later date. An increase in supply will reverse some of the output cuts that OPEC and other major pr...

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Starbucks, citing ocean threat, is ditching plastic straws

Starbucks, citing ocean threat, is ditching plastic straws

Say goodbye to plastic straws at Starbucks. Starbucks joins companies, cities, and countries around the world that have banned plastic straws. Vancouver will be the first Canadian city to have t...

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Treacherous Thai cave rescue bid enters day two

Treacherous Thai cave rescue bid enters day two

Thai officials said Saturday they are anxious that heavy monsoon rain could soon make the job even more hard and they may need to quickly rescue the boys and the soccer coach from a partially flood...

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Wage gains slow, unemployment up from 18-year low

Wage gains slow, unemployment up from 18-year low

Strong annual wage growth would offer confirmation that inflation pressures are building. The factory jobs were concentrated in the automobile industry, which had seen a decline in employment in May...

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June jobs report: What to watch for

The reason for the rise in the unemployment rate was "a stampede of people back into the labour force", he said. Remaining slack in the job market could be keeping a lid on wage growth, said Cathy...

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