Money
Photo of Geoffrey the Giraffe leaving Toys "R" Us store goes viral
The company announced back in September 2017 plans to file for bankruptcy , according to the Deseret News . There's no more Toys "R" Us kids'. "My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go". [Full Article...]
India's rupee hits record low as emerging markets struggle
The rupee has been sliding despite central-bank efforts to prop it up and attract investment. India's January-March current deficit widened to $13bn from $2.6bn a year earlier. Meanwhile, higher gas prices hit Indian consumers at the pump. Without a turnaround, the rupee may weaken past 70 per dollar, he said. The Reserve Bank of India is suspected to have sold dollars through state-run ba... [Full Article...]
The UK Is Rationing Beer Because of a CO2 Shortage
It comes as food and drink companies put plans in place to minimise disruption for consumers. The potential beer shortage couldn't have happened at a worst time considering how great the weather is. CO2 is also an essential part of the production process for packaging meat. Also in the West Midlands, a firm called The Beer and Gas Man, which provides Carbon dioxide to 750-plus pubs which use... [Full Article...]
Rahul targets Modi on black money
There was a 12 per cent jump in Indians' funds in 2011, then again in 2013 (43 per cent). The total amount of CHF 1.01 billion included CHF 464 million (Rs 3,200 crore) in the form of customer deposits, CHF 152 million (Rs 1,050 crore) through other banks and CHF 383 million (Rs 2,640 crore) as "other liabilities" such as securities at the end of 2017. [Full Article...]
BMW would close United Kingdom plants if Brexit hurts supply chain: FT
Robertson said: "If we don't get clarity in the next couple of months we have to start making those contingency plans, which means making the United Kingdom less competitive than it is in a very competitive world right now". He said BMW was only planning any measures needed to overcome "impediments to border fluidity". However, the United Kingdom government's desire to end freedom of movement ... [Full Article...]
Brexit protesters take to streets of London
The British government says it is confident of getting a good deal for industry. James McGrory, one of the organizers, said voters were "made all kinds of promises" during the Brexit referendum. The aircraft manufacturer's memorandum concluded by saying "Thus, even with an orderly exit and transition, the active engagement of all stakeholders, including Airbus and the United Kingdom government... [Full Article...]
Iranian protesters confront police in Tehran
Speaking after a meeting between President Hassan Rohani and officials from the Economy Ministry, Seyf said the parallel market would operate based on different exchange rates for the USA dollar. Media captionWhat is the Iran nuclear deal? "Their demands are delivered through the chamber to the government, and these are being pursued by us", he said. [Full Article...]
OPEC Explains Increase In Oil Production
Iran saw less than 700,000 additional barrels a day and Iraq predicted it could be as much as 800,000. Its demand had grown by 5.3 per cent in the fiscal year to March 31, 2018, the highest in major economies of the world. He expressed happiness at the OPEC decision. Once the OPEC supply comes into the market, the surplus in the market will grow, causing the oil prices to decline. [Full Article...]
White House Retreats From Plans for Strict Limits on Chinese Investment
Donald Trump Warns Harley-Davidson, Says 'We Won't Forget'
Asked if Trump still feels that tariffs are the best option, White House press secretary Sarah Huckabee Sanders told reporters Monday that "the European Union is attempting to punish US workers with unfair and discriminatory trade policies, and President Trump will continue to push for free, fair and reciprocal trade in hopes that the EU will join is in that". [Full Article...]
China and Europe warn trade war could trigger global recession
Well the Dow did rebound in the last hour to finish down but less than earlier after Trump's trade adviser, Peter Navarro said that there were no investment restrictions planned against China and other countries. This trip, the first made by a US defense secretary in four years, comes as trade and military tensions with the Asian superpower are mounting. Trump administration officials have s... [Full Article...]
President threatens Harley-Davidson with tax punishment for move
The US company made a decision to move production of motorcycles headed for Europe from the US after the European Union began rolling out tariffs on American imports. tariffs appear to be a direct response to the tariffs imposed by the Trump administration on European steel and aluminum. However, the OEM is facing political pressure from the president who Tweeted about the company on Tuesd... [Full Article...]
Iran's mass protests rock Tehran, elsewhere
Rouhani told Iranians the government can withstand a new round of United States sanctions following President Trump's decision to withdraw from the 2015 Iran nuclear deal. India is the second largest buyer of Iranian crude after China, and Iran is the third largest supplier to India after Saudi Arabia and Iraq, and New Delhi has watched with familiar misgivings the Trump administration's decis... [Full Article...]
How to read Turkey’s election results
Many critics say this year's military operation in Afrin, Syria, was primarily created to boost both Mr Erdogan's reputation and nationalist sentiment prior to the elections; however, in his victory speech to supporters from the ruling party's headquarters in Ankara he said that Turkey would now act more decisively against terrorist organisations. [Full Article...]
Navarro Seeks to Calm Investor Concern on Trump Trade Policy
After being relatively resilient in the trade war buildup - which has largely affected stocks of industrial exporters such as Boeing, Caterpillar, Harley Davidson and Alcoa - tech companies felt the lash of a selloff. "The market is starting to price in that the tariffs will start to become real". Bill Adams, a senior economist at PNC Bank, said: "The US and Chinese government have strong incen... [Full Article...]
EU Retaliatory Tariffs on US Goods Implemented
The company sold about 40,000 new motorbikes previous year in Europe, equivalent to a sixth of its worldwide sales, making the region its most important market after its home country. Amid the early fallout of the mounting trade war, Trump took to Twitter , saying he was "surprised" about Harley Davidson's move and assuring the company it would not "ultimately" pay European Union tariffs , w... [Full Article...]
Erdogan leads in Turkey’s presidential election - preliminary results
However the opposition raised doubts about the accuracy and reliability of the figures released by state-run Anadolu news agency, the sole distributor of the official vote tally. With 96 per cent of votes counted in the presidential race, Erdogan had 53 per cent, comfortably ahead of Ince on 31 per cent, broadcasters said. Erdogan said there had been no serious voting violations. [Full Article...]
United Kingdom health minister tells companies to stop warnings about Brexit
We've got this flawless intersection of GDPR and Brexit colliding and that will force the issue sooner rather than later, ' he said. 'We are in an absolutely critical moment in the Brexit discussions and what that means is that we need to get behind Theresa May to deliver the best possible Brexit. [Full Article...]
EU Ministers Reach Deal Allowing Greece To Exit Bailout Program
In addition, the Euro group gave the green light to release to Athens a 15 billion euros (17.4 billion USA dollars) final loan installment of the 86 billion euro package sealed three years ago, which will be used to cover some of its debts to the International Monetary Fund and the European Central Bank. [Full Article...]
Online sellers consider how to comply with sales tax ruling