Economy

by | September 23, 2018 | 23:16

Andrew Colvin, the commissioner of the Australian Federal Police, also warned people that copycats or people perpetrating hoaxes would also be prosecuted. On Wednesday, Australia's Prime Minister Scott Morrison said in a press statement that the current maximum penalty for food contamination offenses will be increased from a 10 years to 15 years.

by | September 23, 2018 | 19:01

In a tweet on Thursday, Trump blasted OPEC for continuing to "push for higher and higher oil prices". United States pulled out in May from Iran's nuclear deal, called the Joint Comprehensive Plan of Action or JCPOA and resumed financial and industrial sanctions on the country in August and the additional oil-related sanctions would be imposed on November 4.

by | September 22, 2018 | 02:57

USA crude oil accounted for 19 percent of total East Coast crude inputs for the first half of 2018, compared with 48 percent in the same period of 2015, when the Brent-WTI price spread also averaged $5 per barrel. The new sanctions take effect in November, as a result of with Trump's decision to pull out of a 2015 agreement on Iran's nuclear program. For this year's April-to-September driving season, the Energy Information Administration expects USA petrol prices to be up 19% from a year ...

by | September 21, 2018 | 05:31

Testing agencies across Europe replaced NEDC with WLTP (Worldwide harmonized Light vehicles Test Procedure) past year. A raft of colour schemes and trim combinations are available, including open-pore ash wood that can't be optioned on other Audi models.

by | September 21, 2018 | 05:08

Directorate General of Civil Aviation (DGCA) said that the crew has been taken off duty and Aircraft Accident Investigation Bureau (AAIB) has started an investigation. Because of this, aircraft are pressurized to simulate a lower altitude inside the cabin. In on extreme case in 2005, a Helios Airline flight crashed into a mountain after the pilots lost consciousness from hypoxia .

by | September 21, 2018 | 02:44

Amazon now operates four such stores, three in Seattle and one in Chicago, and these are being used as trial-runs for a larger scale expansion of the business. The surge in Amazon's advertising business is due, in part, to more people searching from the e-commerce site directly, instead of going through Google's search engine.

by | September 20, 2018 | 09:54

Airline operator Cathay Pacific on Wednesday re-posted photos of its plane with a misspelled name, drawing mixed reactions from social media users. Travellers at Hong Kong International Airport spotted the sign-writer's mistake and contacted the airline immediately.

by | September 19, 2018 | 13:11

Fears of a copycat fruit saboteur emerged on Monday after police reported that a woman was caught inserting a needle into a banana in a Queensland supermarket. The government of Queensland has offered a reward of 100,000 Australian dollars (about $71,510) for information leading to the arrest and conviction of anyone responsible for the contamination.

by | September 19, 2018 | 12:45

USA nationwide crude inventories probably fell 1.75 million barrels last week, according to a Bloomberg survey of analysts. US production has returned to 2014 boom levels, but the energy agency said USA output will grow more slowly next year due to bottlenecks in getting oil to markets.

by | September 19, 2018 | 12:31

It was not clear what statement from Beijing Trump was referring to in his post. But tariffs, Trump's mechanism to push trading partners to strike new deals, have more voters than not anxious about economic damage and more expensive goods, according to polling.

by | September 18, 2018 | 05:03

Coca-Cola's statement comes amid reports the company has held talks with Canada's Aurora Cannabis to develop beverages. Although the drinks wouldn't be appealing to those seeking a high, however, they could be incredibly helpful to people suffering from inflammation, pain, and cramping, according to the report.

by | September 18, 2018 | 04:56

The International Monetary Fund on Monday said Britain's economy would suffer "substantial costs" should it leave the European Union without a deal. The Prime Minister has faced growing pressure over her Brexit plan - which has come to be dubbed as the "Chequers Plan" (after the location at which it was forged) that would result in Britain maintaining a common rulebook for goods, including agricultural products, with the European Union after Brexit.

by | September 18, 2018 | 04:33

Joshua Gane said on Facebook: "He bites through a strawberry and swallows half a sewing needle". The dramatic move affects stores in every state except Western Australia . He urged consumers to be vigilant - but added that strawberries are safe to eat after washing and chopping. Growers have resorted to using metal detectors in an effort to stop anyone being hurt.

by | September 18, 2018 | 03:53

In a statement , the USA president said further tariffs worth $267bn (£203bn) will be placed on Chinese imports if Beijing takes "retaliatory action against our farmers or other industries". Multiple media reports in recent days cite officials saying Trump had made a decision to press ahead with tariffs on $200 billion in goods as soon as Monday.

by | September 18, 2018 | 02:45

President Trump has threatened to intensify his tariff assaults on nations which fail to bow to America's trade demands as China braced for a fresh attack. A Treasury spokesman did not immediately respond to a query on the status of the China talks invitation. The Journal cited unnamed people familiar with the matter who said the tariff level will likely be set at about 10 percent, below the 25 percent announced earlier this year.

by | September 18, 2018 | 01:08

At 1055 GMT, the November ICE Brent crude futures contract was up 13 cents from Thursday's settle at $78.32/b, while the NYMEX October light sweet crude contract was up 26 cents at $68.85/b. Nearly all of Iran's main customers purchased fewer Iranian barrels in August than they did in April, the month before Trump said sanctions were being reimposed.

by | September 17, 2018 | 11:59

The Chancellor confirmed on Tuesday that Bank governor Mark Carney will stay on in the post until January 2020, extending his term by seven months to help support the United Kingdom through Brexit . This could considerably squeeze the British households' incomes in future. Further, the Bank of England would be unable to soften the crisis by cutting interest rates because of the inflationary impact of such a move, Carney told ministers, according to the Financial Times .

by | September 17, 2018 | 11:25

It made landfall on the coast of Jiangmen city, in southern China's Guangdong province, Sunday evening after battering Hong Kong. The state broadcaster also said flood warnings had been issued for 38 rivers in the neighboring region of Guangxi, while 12 coastal monitoring stations reported their biggest-ever waves.

by | September 17, 2018 | 06:30

Authorities said that the contaminated strawberries-branded Berrylicious and Berry Obsession-came from two farms located next to each other in south-east Queensland . "They are also contacting the supplier, the police and health and safety", Gane stated. Anyone with concerns can phone 13 HEALTH for advice or speak to their GP.

by | September 15, 2018 | 11:00

Bezos reiterated the company's timetable for announcing the winning city during a talk Thursday evening at the Economic Club of Washington , DC, but he didn't hint at which city he's leaning toward. And Sen. Bernie Sanders, I-Vt., has held Bezos up as an example of a leader of a company that does not pay its workers enough. Jeff Bezos at the Museum of Flights 2016 Pathfinder Awards.

by | September 14, 2018 | 04:11

It said: "Accordingly, the committee has made a decision to implement a strong monetary tightening to support price stability". " Turkey's Wealth Fund has appointed President Recep Tayyip Erdogan as its new chairman, according to a notification in the Official Gazette", state news agency Anadolu said.

by | September 14, 2018 | 03:26

Freeland spent three days in Washington last week and said on Friday as she prepared to leave that she and Lighthizer were making very good progress in some areas, although a deal remained out of reach. "Nafta has been the worst trade deal ever". U.S. Agriculture Secretary Sonny Perdue said he expected Canada to also scrap a two-year-old pricing agreement that has restricted U.S.

by | September 12, 2018 | 16:28

Having more display area is a welcome change, although it may not be enough for current users to upgrade. When it comes to what the sketches actually depict, it's possible that they show a tentative early prototype of an Apple Watch design.

by | September 12, 2018 | 11:13

Obama was the weakest in history. "When President Obama left, after eight years in office, he had only created 195,000 jobs for African-Americans". But as he answered a question from a reporter about Trump's tweet, he also bashfully recalled an earlier incident when he gave Sanders a "bad number".

by | September 11, 2018 | 07:16

Nearly half of the retail selling price of the two fuels is made up of central and state taxes. Petrol price Monday increased by 23 paisa a litre and diesel by 22 paisa a litre, according to the price notification issued by state fuel retailers.

by | September 11, 2018 | 01:17

In January 2017, Trump said he spoke to Apple CEO Tim Cook over the phone and he promised to build "three big plants" in the U.S. Simply put, establishing a local production of the auto would not make a successful business case. Ford confirmed to The New York Times that it will not build or sell the Focus Active in the United States. "Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower United States growth and competitiveness and higher ...

by | September 11, 2018 | 01:08

The traditional method of calculating the United States trade balance attributes the entire value of our products to the country where final assembly is located, in most cases China ". Beijing reported a record $275.8 billion trade surplus with the United States previous year. In a separate interview with Bloomberg Television, Kudlow suggested the president would be willing to meet with Chinese President Xi Jinping on trade, possibly as early as this month at the United Nations ...

by | September 10, 2018 | 16:57

Ma's 46-year-old successor has pushed Alibaba deeper into the wallets of Chinese consumers as it bought and transformed brick-and-mortar outlets: a so-called " New Retail" vision that's cost billions of dollars and took it into the realm of physical stores.

by | September 10, 2018 | 16:58

Musk appeared on Joe Rogan's popular podcast on Thursday night sipping whiskey, smoking marijuana and talking about electric airplanes. Tesla chief executive Elon Musk made a series of executive promotions to fill the gap left by senior management resignations on Friday, as shares in the electric auto maker tanked and criticism of its founder's controversial behaviour continued.

by | September 10, 2018 | 08:21

Tariffs , in theory, will make US-made products cheaper than imported ones, so encourage consumers to buy American. While no one predicted a sudden, sharp blow from US tariffs, China's official export data has been surprisingly resilient so far, with growth exceeding analysts' expectations for five months in a row.

by | September 09, 2018 | 10:29

Meanwhile, people in Mumbai are purchasing petrol at Rs 87.39 per litre and while diesel is being sold at Rs 76.51 per litre. While the crude oil prices are much lower than what it was in 2013, taxes on petrol and diesel have increased manifold over the years, thereby, raising its prices to new highs.

by | September 09, 2018 | 04:46

A flight from Dubai has been quarantined upon landing at New York's John F. Kennedy airport after some 100 of the 521 passengers aboard the plane reported feeling sick. Rap performer Vanilla Ice , who was a passenger on the jet, tweeted , "This is insane. Apparently there is over 100 people sick on the bottom floor, so happy I'm up top, it's a double-decker plane 380".

by | September 09, 2018 | 01:52

Sanders on Wednesday introduced the the Stop Bad Employers by Zeroing Out Subsidies Act , or Stop BEZOS Act , a shot at Amazon CEO Jeff Bezos . Rep. Ro Khanna, a California Democrat, introduced a House version of the same bill named the Corporate Responsibility and Taxpayer Protection Act. The company has said that it offers assistance like disability insurance, health insurance, and retirement savings plan to its employees.

by | September 09, 2018 | 01:29

He added that he still believed in Tesla , that "I have no disagreements with Tesla's leadership or its financial reporting". Bloomberg also reported Tesla's chief people officer Gaby Toledano would not return from a holiday just over a year after joining.

by | September 08, 2018 | 06:00

But because of the sophistication of the South African economy, the country is a direct beneficiary and suffers the implication of any effect or setback in emerging market economy. Following the release of disappointing first quarter GDP data in early June, the central bank reduced its forecast for this year to just 1,2%. "The 1.5% growth estimated by National Treasury in February's budget speech is now at severe risk and will likely need to be revised downwards, creating a very hard ...