Money

US Says Retaliatory Tariffs Unjustified in WTO Complaint

US Says Retaliatory Tariffs Unjustified in WTO Complaint Figuring out China's next steps will be critical for the Chinese economy-and the future of the regime. The Office of the US Trade Representative (USTR) announced on Monday 16 July that it would be filing WTO cases against Canada, China, the EU, Mexico, and Turkey, after they imposed duties on various US imports following Washington's own tariffs on imported steel and aluminium. [Full Article...]

Oil prices rise; still set for third weekly drop on oversupply

Oil prices rise; still set for third weekly drop on oversupply Adeeb Al-Aama said in a statement that Saudi Arabia's crude oil exports in July would be roughly equal to June levels. While Saudi Arabia and Russian Federation pledged last month that OPEC would soon decide how to distribute a collective output boost of about 1 million barrels a day, the committee didn't give a recommendation on how they should share out the planned increase during ... [Full Article...]

European Union fines Google $5 billion

European Union fines Google $5 billion The European competition watchdog has fined Google of a record $5 billion (€4.3 billion) for abusing the dominance of its mobile operating system Android and forcing the 3 types of illegal restrictions on the use of Android, the governing body said Wednesday. [Full Article...]

Boris Johnson accuses PM May of 'dithering' on Brexit in resignation speech

Boris Johnson accuses PM May of 'dithering' on Brexit in resignation speech It has one theme: “It is not too late to save Brexit .”. I think it was an honest mistake made by the whips in fast-moving circumstances. It said that it objected to the amendment because it requires the government to take "all necessary steps" to join, while the government wants to join only if it can negotiate reasonable terms. [Full Article...]

Static inflation puts August rate rise in doubt

Static inflation puts August rate rise in doubt Moreover, the BoE has been repeatedly surprised over the years as the labour market has tightened but wages have risen less than expected - a pattern seen to a slightly lesser degree in most other advanced economies in recent years. The ONS report shows that the British economy has added 137,000 jobs, and that there are still 824,000 unfilled vacancies, but rates of pay are not increasing as rap... [Full Article...]

Blue Origin tests new motor during blastoff from Texas facility

Once the booster separated, the capsule's escape motor fired, lifting the spacecraft to an altitude of 389,846 feet. Its effectiveness is essential to ensuring the safety of any people who might ride aboard the capsule in the future. But if all goes well, she said , "it's going to be a sweet ride". The escape rocket motor is built into the crew capsule to provide a backup plan in case somethi... [Full Article...]

Papa John's is pulling founder's image from its marketing

Papa John's is pulling founder's image from its marketing He remains its largest shareholder, with more than 30% of company stock, and he is still on its board. Papa John's CEO Steve Richie issued an open letter on Sunday in light of the controversy surrounding comments made by founder John Schnatter . [Full Article...]

Papa John’s founder resigns as chairman

Papa John’s founder resigns as chairman Schnatter came under fire in May, accused of using the racial slur in a conference call in which he went into graphic detail describing violence against minorities. Papa John's stock dropped almost 5 percent by the close of the stock market Wednesday, the lowest it's been in almost two years. So the school can't simply keep the name in place and say it's no big deal because Schnatter is no longe... [Full Article...]

Japan and European Union sign trade agreement amid worries about Trump’s trade war

Japan and European Union sign trade agreement amid worries about Trump’s trade war EU products now face an average tariff of 1.6% when they arrive in Japan, while Japanese products face tariffs of 2.9% in the European Union , according to the World Trade Organization. The EU officials and Japan will also look to present a united front against U.S. tariffs on steel and aluminium, which Japan has called "deplorable". [Full Article...]

Elon Musk calls British cave rescuer a ‘pedo’

Elon Musk calls British cave rescuer a ‘pedo’ The submarine , I believe, was about 5-foot-6 long, rigid, so it wouldn't have gone around corners, gone around any obstacles. "It wouldn't have made it the first 50 meters", the British diver added. Musk called it a "kid-sized" sub, named Wild Boar-in honor of the soccer team-and posted pictures of the vessel being tested in a swimming pool in California. [Full Article...]

Papa John's founder Schnatter says stepping down was a 'mistake'

Papa John's founder Schnatter says stepping down was a 'mistake' Schnatter also detailed what he called an "extortion attempt" by The Laundry Service , which he said the company fired, to get more money out of Papa John's by claiming some of its employees were offended by Schnatter's comment . Papa John's founder is physically out at the pizza chain. The company has yet to comment to Schnatter's accusation, but continues to distance itself from its founder. [Full Article...]

Boeing, Qatar Airways Finalize Order For Five 777 Freighters

Boeing, Qatar Airways Finalize Order For Five 777 Freighters General Electric Co said it remains unconvinced that demand for Boeing's potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. Boeing's latest order will double the size of DHL's global 777 fleet, the companies said. The battle has begun between Boeing (NYSE:BA) and Airbus ( OTCPK:EADSY ) at the Farnborough Air Show. [Full Article...]

Netflix plunges due to slow subscriber growth

GBH Insights analyst Daniel Ives called the second-quarter showing "a near-term gut punch" to Netflix. All told , Netflix over the last three months added 670,000 new subscribers in the United States and 4.47 million new subscribers overseas. [Full Article...]

Here are 50 top Amazon Prime Day deals 48 hours early

Here are 50 top Amazon Prime Day deals 48 hours early Despite Amazon's name, that sale actually lasts 36 hours, kicking off on Monday, July 16 . Smartphones like Moto G5s Plus, Honor 7X , Galaxy On7 Prime, Honor 7C, and the Huawei P20 Pro are also available on a discounted price for the Amazon Prime day sale . [Full Article...]

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

Amazon Prime Day: Big discounts and special deals in summer sale Prime Day, created by Amazon.com Inc.in 2015 to mark its 20th anniversary, has inspired other e-commerce companies to invent their own shopping holidays. It also comes with a voice remote which can be used to play Amazon Prime Video titles with just a voice command. Stand-up comedy fans can also look out for Amazon's new stand-up reality show, Comicstaan having renowned comedians like Tanmay Bha... [Full Article...]

British caver says considering legal action after Elon Musk 'pedo' tweet

British caver says considering legal action after Elon Musk 'pedo' tweet His comments were echoed by Unsworth , a participant in the rescue bid, who said Musk could "stick his submarine where it hurts ". Musk's Boring Company developed a few very small submarines , hoping to help rescue the Thai boys who were trapped in a cave for over two weeks. [Full Article...]

United States lifts ban on suppliers selling to China's ZTE

United States lifts ban on suppliers selling to China's ZTE Because ZTE relies on USA suppliers to make its smartphones. Shen Meng, director of boutique investment bank Chanson & Co, said the overwhelming response from the stock market reflects the optimism that ZTE is on the way back to business. [Full Article...]

Tesla customers could lose thousands in tax credits next year

Tesla customers could lose thousands in tax credits next year Musk said faulty robots and "naive" designers contributed to Tesla's production problems . In 2017 sales of electric and hybrid cars were responsible for more than half of new registrations in Norway, a record aided by the subsidies. "We thought it would be good, but it was not good". The move triggered immediate and dollar-for-dollar retaliation by China. "I think it's really coincidental". [Full Article...]

Justice Department appeals approval of AT&T-Time Warner merger

Justice Department appeals approval of AT&T-Time Warner merger AT&T chief executive Randall Stephenson told reporters on Thursday (local time) that the company was not surprised about the DoJ's decision to appeal . As a candidate for president, Donald Trump said he opposed the tie-up, saying it would lead to "too much concentration of power in the hands of too few". [Full Article...]

Sign Up For Amazon Prime Trial, Get Free Games

Sign Up For Amazon Prime Trial, Get Free Games On Prime Day , the company will launch a two-hour express delivery service on the back of "I Have Space" warehouses. Building on the success of new product launches a year ago, Amazon is launching the second edition of its highly anticipated Prime Day event this month. [Full Article...]


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