Amazon Prime Day Will Arrive on 16th July, Says Leak

24 Jun, 2018

Prior years have had Amazon run the sales event across a variety of countries on the same day. Tech Radar also made a pretty good point that it may have something to do with the World Cup schedule, which makes a lot of sense to me. has rolled out a monthly subscription plan for its paid membership service " Amazon Prime " in India. In the past, it was very much a case of taking a quick look at the site and seeing if a Prime Day offer grabbed your attention.


Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

24 Jun, 2018

Al-Falih also said the OPEC+ Joint Ministerial Monitoring Committee, which has overseen the group's supply cuts, will play a key role in managing how production is increased. The figure has been inflated by a plunge in supplies from almost bankrupt Venezuela . On the agenda is a balanced market with little room for shocks like steady declines from Venezuela, a founding OPEC member, security issues in member-state Libya and the potential loss of Iranian oil barrels.


Trump threatens 20 percent tariff on imported European cars

24 Jun, 2018

With their escalating trade feud showing little evidence of hurting their economies, the USA and China aren't close to backing down. EU countries approved a raft of tariffs on Thursday (14 June) targeting USA goods including whiskey and motorcycles in retaliation against painful duties imposed by President Donald Trump on European metals.


Tesla lawsuit: Former employee claims he's a whistleblower

24 Jun, 2018

As a result, Tripp was reassigned to a different role and expressed anger towards the company. In legal filings this week, first published online by CNBC on Wednesday, Tesla alleged that Tripp made "false claims to the media" and attempted to recruit other staffers to leak confidential information.


Supreme Court Overturns Ban on Online Sales Tax

24 Jun, 2018

The 5-4 ruling Thursday is a win for states, which said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that affected online sales tax collections. "For years, online-only retailers have exploited this loophole that allows them not to collect sales tax, which has given them an unfair competitive advantage over brick-and-mortar stores", said James Miller, a spokesman for retailers.


U.S. Oil Prices Slip a Bit Before OPEC Meeting

24 Jun, 2018

If all Opec members produced as much as they were allowed under the deal, Opec output would in theory rise by about 740,000 barrels per day, based on Reuters estimates of the group's production in May. In practice, its combined output was even less due to production problems. If a 25 percent duty on USA crude imports is implemented by Beijing, American oil would become uncompetitive in China, forcing it to seek buyers elsewhere.


Internet sales tax ruling a win for brick-and-mortar retailers

22 Jun, 2018

South Dakota expects to collect another $48 million to $58 million in taxes a year because of this ruling. For years, brick-and-mortar chains have complained of an uneven battlefield in the e-commerce wars, saying they had to charge and collect sales taxes everywhere while e-commerce rivals did not, except in states where they had a physical presence such as a distribution center or a store.


European business lobby says time is running out for China's reforms

22 Jun, 2018

Trump has been taking potshots at Prime Minister Justin Trudeau and Canada since the end of the G7 summit earlier this month after the prime minister said at a press conference that he told the USA president that his steel and aluminum tariffs were "kind of insulting", and that Canada "will not be pushed around" and that it would not hesitate to impose retaliatory measures.


OPEC Works Toward Deal as Saudis Propose Plan for Higher Output

22 Jun, 2018

However, because most countries can't increase production, that would probably translate to just 600,000 barrels coming back on to the market - an increase in global production of about 0.5 per cent. That surge prompted the USA president to complain on Twitter that the cartel was artificially inflating prices. United States oil prices managed to stage a bounce this week after a rapid decline last Friday saw WTI crumple into 63.36 after lifting steadily into 66.80 for most of the week; with ...


Trump escalates China trade war with extra tariffs

20 Jun, 2018

China says it will take appropriate countermeasures if the United States follows through with additional tariffs on Chinese goods. China's commerce ministry immediately responded by saying the usa "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed global society".


Disgruntled Tesla Employee Sabotages Manufacturing Operations

20 Jun, 2018

While outright sabotage - which was actually admitted by the perpetrator - is bad enough, Tesla faced another setback on Sunday night after Musk's original email was sent. Tesla has been dogged with delays surrounding delivery of its all-electric BMW 3 Series-rivalling Model 3 saloon, but continues to push ahead with future products such as the Tesla Semi truck , the new Roadster and an EV alternative the Volkswagen Golf , which Musk alluded to at the company's recent shareholder meeting.


Trump assures Apple it is safe from tariffs

20 Jun, 2018

He threatened even more tariffs if Beijing again hits back with tit-for-tat duties on American goods. Two decades ago, China's economy was largely fuelled by exports, but it has made progress in rebalancing towards domestic investment and consumption since the global financial crisis erupted last decade - limiting the damage trade tariffs could inflict on Beijing .


Trump Targets $200 Billion In Chinese Imports As Spat Grows

19 Jun, 2018

Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States". The Canadian dollar, meanwhile, weakened to a one-year low of C$ 1.3237 overnight, before paring some of its losses on Tuesday, as investors anxious about Canada's own trade feud with the United States.


Bakhshi is ICICI Bank COO; Kochhar stays, goes on leave

19 Jun, 2018

Kochhar has denied any wrongdoing. The market regulator Sebi had earlier this month issued a show cause notice against Kochhar and ICICI Bank for violating the bank's code of conduct by not making necessary disclosures. Indian taxpayers are naturally angry. Gupta has so far written two letters to the Prime Minister. He can't afford to let the ICICI crisis fester. On April 05, the government changes its nominee on ICICI Bank's board.


McDonalds to replace plastic straws with paper ones in UK and Ireland

18 Jun, 2018

Today, McDonald's announced a phased rollout of paper straws in all 1,361 McDonald's restaurants in the United Kingdom and Ireland with completion set for 2019 as well as plans to test alternatives to plastic straws in multiple markets throughout the globe later this year.


European Central Bank calls halt to quantitative easing, despite 'soft' euro

17 Jun, 2018

The purchases would then be wound up completely after December. Meanwhile, the council has also decided the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be kept the same at 0.00%, 0.25% and -0.40% respectively.


Some American Airlines flights cancelled at ILM due to technical issue

17 Jun, 2018

Yesterday evening, thousands of people were stranded at the Charlotte Douglas International Airport after a computer glitch shut down all flights in and out of Charlotte for over 12 hours. "Quickly?" one disgruntled flier tweeted with a photo of hundreds of passengers packed together in the airport. Charlotte's airport was especially hard hit, with almost half of its daily scheduled flights canceled.


Chinese State Media Suggests President Trump Is a 'Fool'

17 Jun, 2018

Many economists correctly argue that a trade deficit is not a good indication of how the USA economy is doing - especially given that the US trade deficit tends to rise when the economy is strong. The announcement confirms a threat first made by President Donald Trump in March and follows months of trade talks between the two sides. On Thursday, China reiterated its preference for dialogue to resolve differences, but said it was ready to respond if Trump moved forward with tariffs .


China vows to retaliate to Donald Trump's tariffs on $50bn of goods

16 Jun, 2018

China had warned the White House earlier Friday that it would respond "in the first instance" to protect its economy if Trump moved forward with any tariffs on $ 50 billion worth of Chinese goods . The media response came as China announced tariffs on $34bn of USA goods including agricultural products, cars and marine products which will also take effect from 6 July.


U.S. prosecutors charge Theranos founder Elizabeth Holmes with fraud

16 Jun, 2018

Balwani, 53, took on various leadership roles within the company and was her boyfriend at the time. Earlier this month, a US judge ruled investors who claimed that Theranos defrauded them into investing indirectly in the company by touting revolutionary blood-testing technology that never existed could not pursue their claims as a class action.


Sheriff: 1 deputy killed, 1 critical in shooting

16 Jun, 2018

According to police, the two deputies were possibly shot with their own guns. Deputy Patrick Rohrer died at the hospital from his injuries, authorities said. Police said no other suspects were being sought. Tactical officers secured the area, and negotiators tried to make contact with the woman, Colon said.


Boring Company to build Chicago high-speed airport link

15 Jun, 2018

As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare.


Ethereum NOT a Security According to SEC

15 Jun, 2018

A SEC spokesman has stated in a recent speech that Bitcoin (BTC) and Ethereum ( ETH ) are not securities, however, ICOs are securities and they are therefore under the regulatory purview of the SEC. This statement clears the way for other currencies not to be considered as securities either, which would be a major boost for the continued decentralization of the crypto space.


McDonald's to switch to paper straws in United Kingdom after customer concerns

15 Jun, 2018

But other United Kingdom food chains have already ditched plastic straws from their restaurants. It follows a successful trial at a handful of venues from April. Pizza Express said it would replace all plastic straws with biodegradable ones by summer 2018. The move by McDonald's comes as plastic waste has come under fire globally, particularly for contributing to ocean pollution and harming birds and sea mammals.


Nationwide Salmonella outbreak linked to Honey Smacks

15 Jun, 2018

There have been no deaths reported so far. A "best if used by" date from June 14, 2018 through June 14, 2019 that can be found on the box top. The boxes will also have a UPC code of 3800039103 for the 15.3-ounce box. If you have purchased the cereal, you should throw it away or contact the company for a full refund. The illness can last four to seven days but can be especially serious for young children, frail or elderly people and others with weakened immune systems.



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