Ryanair braces for biggest ever one-day strike

11 Aug, 2018

If the Dutch airport strike on Friday goes ahead, Dutch Ryanair pilots will join those in Germany , Ireland , Belgium and Sweden in striking all day. It's perhaps one of the most disheartening feelings in the world when you've spent your hard earned cash, done your holiday shopping and told everyone and their dog that you're off to spend a holiday in the sun, to then be told that lift-off isn't quite ready to happen.


Trump vows to double steel and aluminum tariffs on Turkey

11 Aug, 2018

A statement from the White House confirmed the president's decision to pool reporters. The Washington Post newspaper said the USA administration was doing everything to strengthen its hand in the Brunson case, but the decision would do nothing but cause more problems for bilateral relations.


Trump administration announces $22b in fresh tariffs on China

10 Aug, 2018

President Trump had repeatedly expressed discontent over the USA trade deficit with China, accusing the country of unfair trade practices, intellectual property theft, currency manipulation, and of providing state aid to Chinese firms. Its imports from the USA rose 11.8 percent in the same period. May 19: After a meeting, the two countriesannounce the outline of a trade dealto avoid the tariffs.


Oil prices extend gains after U.S. sanctions against Iran

09 Aug, 2018

China is the biggest and the most valued customer for Iran's oil and imports more than 650,000 barrels of oil per day from Iran. The U.S. government introduced a raft of new sanctions against Iran on Tuesday, targeting Iran's purchases of U.S.


Doubts grow over Elon Musk’s master plan to take Tesla private

08 Aug, 2018

Investors were asking whether he really does have the equity or debt lined up to make it happen. If Musk's tweet was indeed not a joke, another problem is that it could have been illegal. The company declined to comment beyond pointing to an all-employee email sent Tuesday by Musk. That kind of money may be accessible through sovereign wealth funds or other strategic investors, said Dwight Scott, president of Blackstone Group LP's GSO Capital Partners.


Dead Fetus Found on American Airlines Plane at LaGuardia Airport

08 Aug, 2018

The plane was an Airbus A321, which can seat 220 passengers. It's estimated that the fetus was between five and six months old. American Airlines also sent out an official statement , but offered no details about what had been found. American Airlines referred all questions surrounding the incident to local police. Recent reports indicate a fetus was found inside a plane bathroom Tuesday morning.


Ontario Government Bringing Back "Buck-a-Beer" Minimum Pricing

08 Aug, 2018

Beer fans across Ontario can officially start counting down the days until the return of "Buck-a-Beer", the popular $1-per-beer price floor that delighted people across Ontario until it was cancelled when the previous government abruptly introduced new beer price regulations.


China says US$60bn tariff threat against US 'fully justified'

08 Aug, 2018

President Donald Trump has made the reduction of the USA trade deficit one of the key measures of success in his trade fights with China, the European Union , and Canada . The conflict with China is taking on a "cyclical" pattern with roughly two weeks of escalation followed by two weeks of relative calm, said Mark Rosenberg, chief executive at Geoquant Inc, a firm that uses computer models to gauge political risk.


Elon Musk 'Considering' Tesla Buyback at $420 to Take Company Private Again

08 Aug, 2018

Major corporate news, like plans to take a public company private, is typically rolled out with extreme caution, at the risk of spooking investors or running afoul of the Securities and Exchange Commission. Musk also faced intense public criticism after he suggested in a tweet that one of the rescuers of the Thai soccer team trapped in a cave was a pedophile .


First Female CEO Of Hudson Valley-Based Pepsi Stepping Down

07 Aug, 2018

Nooyi , 62, will step down on 3 October, 2018, after a 24-year stint with the company. Nooyi joined PepsiCo in 1994 and became the Chief Financial Officer in 2001. Nooyi was named as Fortune's second most powerful woman in business previous year, coming after chairman and CEO of General Motors, Mary Barra. "That will not change", Nooyi, 62, said in an e-mailed statement, a few hours after the U.S.


Facebook wants banks to share your personal finances

07 Aug, 2018

Citigroup spokeswoman Elizabeth Fogarty said while the bank regularly has "conversations about potential partnerships, safeguarding the security and privacy of our customers' data and providing customer choice are paramount in everything we do".


McGregor returns to UFC

06 Aug, 2018

That led to charges for McGregor, who escaped a jail term and criminal record after pleading guilty to disorderly conduct, paving the way for the bout against Nurmagomedov. The MMA company has two pay-per-views on the horizon, UFC 229 and 230, and Dana White booked two big matches for the respective events . "It's time to go, so it's time to go", Diaz said.


China plans additional tariffs on 5,207 items of US products

06 Aug, 2018

The timing of Friday's announcement hinted at that conflict. Chinese President Xi Jinping at a meeting in South Africa as a trade war escalates with the U.S. Last year, China imported about $130 billion in goods from the United States. Beijing's earlier round of tariffs appeared created to minimize the impact on the Chinese economy by targeting soybeans, whiskey and other goods available from Brazil, Australia and other suppliers.


US Crude Inventories Rise Unexpectedly As Imports Jump

06 Aug, 2018

Prices had tumbled to a six-week. The nation's production may remain around the 11.2 million barrels a day level for the remainder of the year, the government official said, citing the oil ministry's most recent calculations. In comments to Kuwait's Al-Rai newspaper, Rashidi said, "We are reaching a very stable stage for the crude market, whether for producers or consumers".


US Unemployment Drops Slightly; Job Growth Slows

05 Aug, 2018

And the underemployment rate - which includes discouraged workers no longer searching for work, as well as involuntary part-time workers - dropped to 7.5 percent, the lowest in 17 years, from 7.8 percent. But workers' average hourly paychecks grew tepidly from the previous month and are up just 2.7 percent compared to the same time past year. Politically sensitive trade gaps with China, Mexico and Canada all increased, potentially setting the stage for even more sabre-rattling tweets from ...


RBI monetary policy: Repo rate hiked by 25 bps

05 Aug, 2018

Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, said: "With the vast number of lenders increasing rates in the lead up to May's rate announcement, providers have chosen to keep rates relatively static in the run-up to this one, having already been prepped for a rise".


Iran's Zarif Says China 'Pivotal' to Salvaging Nuclear Deal, China Agrees

05 Aug, 2018

Iran has started naval exercises in the Gulf amid heightened tensions with Washington , US officials have revealed. Trump's policies are already putting significant pressure on the Iranian economy, although US intelligence suggests they may ultimately rally Iranians against the United States and strengthen Iran's hardline rulers, officials say.


Tighter Supply Outlook Shores Up Crude Oil Prices to $75

04 Aug, 2018

Iran said on Tuesday U.S. President Donald Trump was mistaken to expect Saudi Arabia and other oil producers to compensate for supply losses caused by U.S. Geopolitical tensions have roiled the crude market, sending Brent prices higher since mid-July as global supplies tighten. So far this year, WTI Crude prices have averaged $66.16 per barrel, and were down 0.47 percent at $69.80 at 07:58 a.m.


Apple beats Microsoft, Google and Amazon to $1 trillion valuation

04 Aug, 2018

Virtual assistant Siri is built into Apple devices, and the company boasts the most popular smart watch on the market. At exactly 11:48a ET, on August 2, 2018, Apple stock crossed $207.05 per share. The company also has a strong footing in China, unlike rivals Microsoft and Nokia, which failed to make inroads in the Chinese market, Al-Suwaiyed said.


The GCC braces for full impact of China-US trade war

04 Aug, 2018

Trump set his sights on China during the 2016 presidential campaign and has followed through during his presidency with a protectionist strategy that he says is aimed at strengthening USA companies and boosting jobs at home. After the earlier tariffs $34 billion of US goods, about $120 billion is available for retaliation. President Donald Trump's administration said on July 10 it would seek to impose the 10-per cent tariffs on thousands of Chinese imports.


China says it will retaliate with tariffs on $60B of United States goods

04 Aug, 2018

The US imposed 25 per cent tariffs on US$34 billion of Chinese goods in early July, with another US$16 billion to be targeted in coming weeks, drawing an in-kind retaliation from China . " Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties ". Meanwhile, Beijing's Foreign Minister, Wang Yi, met with his US counterpart, Mike Pompeo at the ASEAN Foreign Minister's Meeting in Singapore on Friday.


China Imposes $60B Retaliatory Tariffs on U.S.

03 Aug, 2018

Duties ranging from 5 per cent to 25 per cent will be levied on 5,207 kinds of American imports if the USA delivers its proposed taxes on another US$200 billion of Chinese goods, the Ministry of Finance said in a statement on its website late Friday.


Tesla gains, US$1 trillion Apple lift Nasdaq

03 Aug, 2018

However, Cook has overseen the development of key new products, like the iPhone X and Apple Watch, new services like Apple Music, and research on potential new categories like self-driving cars and augmented-reality glasses. "It's one of those things that does not mean anything by itself... it's more a testimony of the importance of Apple on the market". The most interesting company in the list is Standard Oil, which was once worth $1 trillion in today's dollars, because this firm is ...


Expert talks savings on Iowa Tax Free Weekend

03 Aug, 2018

See more about Missouri's tax-free holiday weekend here. The weekend is one of the busiest shopping events of the year for some retailers. "Governor Walker and the Wisconsin State Legislature have determined that some of that surplus should be returned to taxpayers in the form of a sales tax holiday ".


Interest Rates: What The Rise Means For Your Household

03 Aug, 2018

Meanwhile, reverse repo , the rate at which the central bank borrows money from commercial banks within the country, was adjusted to 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent. It is very unlikely and investors certainly do not expect another rise for about a year. The Bank confirmed in the minutes that an "ongoing tightening of monetary policy" would be needed to rein in inflation over the "more conventional" two-year horizon, if the ...



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