Money

Burberry has announced they will ban fur and stop burning excess stock

Burberry has announced they will ban fur and stop burning excess stock The head of the International Fur Federation, Mark Oaten, said substituting natural fur with "plastic petroleum-based materials, like fake fur" was neither luxury nor responsible. Notably, Burberry joins the ranks of Armani, Versace, Gucci , Ralph Lauren, Vivienne Westwood , and Stella McCartney in banning fur from thier designs. [Full Article...]

Another $267B China tariffs ready to go after $200 already announced

Another $267B China tariffs ready to go after $200 already announced China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. [Full Article...]

Goldman Sachs Reportedly Delaying Creation Of Crypto Trading Desk

Goldman Sachs Reportedly Delaying Creation Of Crypto Trading Desk For all the recent talk about long-term bullish behavior and bitcoin reaching $10,000 by November, it's becoming clearer and clearer that analysts have no idea what they're talking about, and it's almost impossible to predict where cryptocurrencies will go considering they are all still too vulnerable to outside news and influence. [Full Article...]

Trump Ready to Tax an Additional $267B in Chinese Imports

President Donald Trump threatened on Friday (Sept 8) to slap tariffs on all of the Chinese goods imported into the United States, ramping up the already tense trade relations with Beijing. He has pointed to the large USA trade deficit - the gap between US imports and exports - with the People's Republic as a sign of that imbalance. Most comments were from companies seeking to remove products f... [Full Article...]

Mercedes-Benz EQC 400 joins the all-electric auto bandwagon

Mercedes-Benz EQC 400 joins the all-electric auto bandwagon It seems that vehicle makers are busier than ever trying to score points off each other in the race to bring electric cars to market, and grab the car-buying public's attention. The 80kWh battery is touted to provide a range of more than 450km, while intelligent navigation and predictive cruise control assist in effective, smart energy management. [Full Article...]

NAFTA negotiations resume after Trudeau criticizes rule-breaker Donald Trump

NAFTA negotiations resume after Trudeau criticizes rule-breaker Donald Trump Wyden in a statement Tuesday said "you can't fix NAFTA without fixing issues with Canada " while also asserting that Congress has "authority over trade - the president cannot pull America out of NAFTA without Congress's permission". U.S. President Donald Trump has threatened to push ahead with a bilateral deal with Mexico, effectively killing the nearly 25-year-old three-country pact, which c... [Full Article...]

South Africa in recession after land threat

South Africa in recession after land threat The direction of travel of the economy now means the government can not afford to waste time in implementing market-friendly policies, while it would also do well to jettison those populist policies that diminish the view of South Africa as an attractive investment destination amongst worldwide investors. [Full Article...]

JD.com CEO was accused of rape

JD.com CEO was accused of rape Liu, whose Chinese name is Liu Qiangdong, was in the Midwest city completing the American summer residency of a U.S. The Minneapolis p‌ol‌ic‌e department, however, has disputed the claim, saying that an investigation is ongoing and Liu was merely allowed to go free without bail or travel restrictions. [Full Article...]

Student poster prank in Texas McDonald's goes unnoticed for nearly two months

The two Filipino-American friends hung an advertising portrait of themselves at a fast-food joint in Houston , because they felt the posters there lacked diversity. Through another Twitter post last September 3, Maravilla revealed that he was inspired by the blockbuster movie "Crazy Rich Asians", even tagging its stars Constance Wu and Henry Golding in his post. [Full Article...]

Oil in Global Economy Series: Russia's oil production at record high

Oil in Global Economy Series: Russia's oil production at record high Global oil markets have tightened over the past month, pushing Brent prices up by more than 10% since the middle of August. Yesterday, WTI ended the day slightly higher while Brent crude traded at highs last seen in July earlier this year. [Full Article...]

Ayanna Pressley defeats Michael Capuano in MA U.S. House race

Ayanna Pressley defeats Michael Capuano in MA U.S. House race A part of the wave of women of color breaking into traditionally white positions of power across the country, Pressley's win echoed that of Alexandria Ocasio-Cortez's over the longtime representative Joe Crowley in NY, and the ascent of Stacey Abrams in Georgia, who - if she wins - will become the first African American female governor in U.S. [Full Article...]

Amazon becomes second United States company to be worth US$1 trillion

Amazon becomes second United States company to be worth US$1 trillion The company's stock, as reported by CNBC, cruised past $2,050.27 per share, which was the bare minimum valuation Amazon needed to achieve a $1 trillion market cap. Most notable was the speed with which Amazon hit the milestone, with its shares having more than tripled in the past three years. It first reached $100 on October 23, 2009. [Full Article...]

Amazon is now a $1 trillion company

Amazon is now a $1 trillion company He said: "Amazon has now become the second company to reach a trillion dollar valuation, following Apple in August this year". That happened barely a month after Apple crossed that threshold. The company's blowout success has made its founder and CEO, Jeff Bezos, No. 1 on Forbes's billionaires list this year. The stock gained 2% to hit the magic number of $2,050.27, or R31,356, per share on T... [Full Article...]

Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points

Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points There is a pressure on oil prices due to a decrease in production. The department's decision comes after the Minister of Energy, Jeff Radebe, told the portfolio committee on energy in August that there is no "quick fix" to the high fuel prices and it will require "multi-dimensional efforts". [Full Article...]

California close to enacting nation's strongest net neutrality law

California close to enacting nation's strongest net neutrality law He has until September 30 to veto the bill or sign it into law. After the vote , Wiener tweeted: "We will make the case to the Governor that cities should be able to decide for themselves what kind of nightlife makes sense". After the FCC repealed its own rules on Net Neutrality, several states began to work on state wide rules to guarantee the rights the FCC previously protected. [Full Article...]

Chinese regulator to control number of new online video games

Chinese regulator to control number of new online video games State-run Xinhua news agency said the boy told police he wanted to know whether killing was "as easy and fun" as in video games . The primary Hang Seng Index finished 1 percent lower. - China's two largest gaming companies - both dived more than 5%. The document also called on parents to limit the amount of time their children spend using mobile phones and other electronic devices , and ... [Full Article...]

Raab 'stubbornly optimistic' of Brexit deal with EU

Raab 'stubbornly optimistic' of Brexit deal with EU That threatens to erect an internal trade barrier in the Irish Sea between Northern Ireland and the rest of the UK. United Kingdom negotiators have insisted it is not the number of checks that matters, but the principle of not having border checks within the sovereign territory of the UK. [Full Article...]

Britain commits to free trade with Kenya

Britain commits to free trade with Kenya May who led a 29-member delegation of business executives said trade links between Britain and Kenya will continue to be strengthened to enhance economic partnerships, adding that many investors from her country have an appetite for investing in Kenya. [Full Article...]

CBOE Close to Launching Ethereum Futures

CBOE Close to Launching Ethereum Futures They seem to continue the trend with the proposed Ethereum futures contract, with the contract based on Gemini Exchange as an underlying market. CBOE President Chris Concannon said at the time, "This announcement clears a key stumbling block for Ether futures, the case for which we've been considering since we launched the first Bitcoin futures in December 2017". [Full Article...]

Google's Ad Tracking Knows Every Mastercard Purchase You Make, Online or Off

Google's Ad Tracking Knows Every Mastercard Purchase You Make, Online or Off However, the deal has raised concerns over how much consumer information Google has access to, and the lack of transparency and consumer information provided regarding the partnership. Purchases made on Mastercard-branded cards account for some 25 percent of all credit card transactions in the U.S., according to financial research firm Nilson Report . [Full Article...]


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