Economy

by | June 19, 2018 | 17:12

A senior Trump administration official told reporters that companies will be able to apply for exclusions for Chinese imports they can not source elsewhere. However, the office is adding a second tranche of 284 product lines worth US$16 billion that would bring the total back up to the initial target of US$50 billion.

by | June 19, 2018 | 16:21

When allegations of conflict of interest against the bank's CEO Chanda Kochhar first surfaced, the board did not give the impression of taking these seriously. The ICICI Bank's share price, which had gained 3.6 per cent on Monday, declined by Rs 1.6 to Rs 291 on Tuesday. Her husband Deepak Kochhar has denied any wrongdoing, as has the head of the Videocon group .

by | June 18, 2018 | 05:28

But the report also noted that Strzok was not the sole decision-maker and that he and Page sometimes advocated for more aggressive investigative steps than others in the Clinton investigation. In his first public comments on the report, Trump said in a pair of tweets early Friday that he had done "a great service" for the American people by firing Comey previous year.

by | June 17, 2018 | 05:48

The program will run at the current pace of 30 billion euros ($35 billion) per month until the end of September, and at a rate of 15 billion euros in the ensuing three months. "I think it´s more just, we are just looking at the economy and what does it need and how do we sustain the expansion, keep the labor market strong and try to keep inflation near 2 percent".

by | June 16, 2018 | 18:25

The shooting is under investigation. The woman with the sword was shot after barricading herself in a shed for hours, officials said. The courthouse is located at 710 N Seventh Street. They say, the inmate somehow overcame the two deputies and may have shot them with their own service weapon. The Kansas City, Kansas Police Department is now investigating.

by | June 16, 2018 | 18:24

The Trump administration is preparing to release a refined list of Chinese products to be hit with tariffs that hones in on technologies where China wants to establish itself as a leader, according to five people familiar with the matter.

by | June 16, 2018 | 18:17

She highlighted that the vast majority of OPEC producers have nearly no ability to offset a price decline with additional volumes, also noting that Saudi Arabia's own economic future - envisaged as part of its "Vision 2030" plan to transform its economy away from oil - could be jeopardized by lower oil prices.

by | June 16, 2018 | 18:02

The move represents a serious elevation of trade tensions between the world's two largest economies - just as Trump has also picked fights with allies Canada, Mexico and the European Union over steel and aluminum. China quickly answered with its own tariffs on American goods. Trump said in a statement that trade between the US and China "has been very unfair, for a very long time", and that "this situation is no longer sustainable".

by | June 16, 2018 | 17:56

The fast food chain will replace the plastic with paper straws next year in each of their 1,361 branches. "Reflecting the broader public debate, our customers told us they wanted to see a move on straws", a company spokesperson said. The straw switchover will start in September and be fully in place by 2019. In May, the Restaurants Association of Ireland called on its 2,500 members to implement a ban on single-use straws.

by | June 15, 2018 | 05:41

An afternoon recap of the day's most important business news, delivered weekdays. That's over $10 more than the federal minimum wage of $7.25. Many workers who can't afford a place to live. The report, "Out of Reach", said the 2018 national housing wage is $22.10 ($45,986 annually) for a modest two-bedroom rental home and $17.90 ($37,232 annually) for a modest one-bedroom rental home.

by | June 15, 2018 | 03:55

A recently published paper by Professor John Griffin and graduate student Amin Shams examined the traffic of cryptocurrencies on the Bitfinex exchange and found a correlation between price slumps in Bitcoin and other coins and instances when Tether was issued and sold by the owners of the exchange.

by | June 15, 2018 | 02:52

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.

by | June 14, 2018 | 16:01

Kim Jong-un went with a plan, gave little and left with plenty : bolstered status and diplomatic leverage, lavish praise from the US president, the promise of an end to US-South Korean military drills - and, surely, a growing confidence that North Korea is doing well at this game.

by | June 14, 2018 | 15:11

Fed officials also said they expect to raise rates twice more this year, faster than previously forecast. The action means consumers and businesses will face higher loan rates over time. On inflation, policy makers forecast a slight overshoot of their target starting in 2018 at 2.1 per cent, and running through 2019 and 2020, compared with a 2020 overshoot in March's projections.

by | June 14, 2018 | 15:06

Whoever wins the bid, should it be accepted by both companies, will acquire much of Fox's film and TV assets, as well as its global holdings (including stakes in Sky and in Star India) and its stake in Hulu. Disney itself has "surgically" structured a transaction that "might be doable", avoiding Fox Broadcasting and big Fox sports channels, US antitrust chief Makan Delrahim said last week.

by | June 13, 2018 | 19:12

The Republican-led House, and President Trump, are both thought to be unlikely to back the Senate's measure. A new set of rules at the Federal Communications Commission went into effect Monday, ending consumer protections that assure equal legal broadband access that doesn't slow or block certain sources.

by | June 12, 2018 | 05:13

North Korea's state media has described the talks between Kim Jong Un and Donald Trump as part of a "changed era" - the secretive state's first comment on the momentous summit. "That's necessary and appropriate". A sit-down with the USA president is something North Korea has long pushed for. North Korea had earlier criticized US national security adviser John Bolton, who had called for North Korea to quickly give up its nuclear arsenal in a deal that would mirror Libya's abandonment ...

by | June 12, 2018 | 03:39

The retailer's move would come just days after House of Fraser detailed its plans to shut 31 stores, affecting around 6,000 jobs. Carpetright (Other OTC: CGHXF - news), Marks & Spencer (Frankfurt: 534418 - news), Mothercare (Other OTC: MHCRF - news) and New Look are among the other retailers which have announced store closure plans this year, with thousands of jobs disappearing as a effect.

by | June 12, 2018 | 02:23

South Korean media says Kim went there with his sister Kim Yo Jong and other top deputies. Kim is in Singapore for a historic summit with U.S. President Donald Trump on Tuesday. Later, Pompeo shared a picture of Trump speaking with the staff of the U.S. Embassy in Singapore . Kim Jong Un has arrived in Singapore ahead of a historic summit with US President Donald Trump - and he brought his toilet.

by | June 12, 2018 | 02:09

Repealing the rules would be good for consumers, he added, because it would lift regulations that stopped some telecoms companies investing. Here's what it means and what's really at stake. We still don't and won't block, throttle or discriminate against lawful content. Such arrangements, known as online "fast lanes" in the eyes of critics, threatened hefty tolls that only the largest businesses could afford to pay, net neutrality advocates warned.

by | June 12, 2018 | 02:07

The official was not authorized to speak publicly about internal deliberations and insisted on anonymity. Trump , after the first-ever meeting between USA and North Korean leaders, had been scheduled to fly back to Washington on Wednesday morning after spending Tuesday with Kim in Singapore .

by | June 11, 2018 | 14:31

It's not just the logistics of Kim's trip that are unclear. As far as we know, his despot father only traveled out of the country by train, and rarely at that, because of fears of assassination. Trump said after a meeting with North Korean envoy Kim Yong-chul at the Whitehouse. He also thanked his Singapore hosts for their hospitality.

by | June 11, 2018 | 07:38

Despite this, Mr Patterson managed to head off a threat to split BT's Openreach broadband division into a separate company. In January last year, BT wrote down the value of its Italian unit by £530m after it said it had uncovered years of "inappropriate behaviour".

by | June 10, 2018 | 03:17

Said "violator" needs to pay a penalty of a whopping $1 billion up front, also being required to put an additional $400 million in escrow as collateral for any prospective future breaches of trade laws. Instead, ZTE seems to have given bonuses to those same executives.Because of this, the Department of Commerce ordered the denial of export privileges against ZTE, which also meant that American companies would no longer be able to sell equipment to ZTE.

by | June 10, 2018 | 03:14

While the numbers are in an of themselves a concern to those who worry about another global glut, Andrew Lipow , president of Lipow Oil Associates, pointed out that "The continuing increase in crude oil production is weighing on the market, and quite significantly compared to this time a year ago".

by | June 10, 2018 | 02:10

The beleaguered GFA boss, in a statement, said, "After a meeting of the executive committee this afternoon I made a decision to resign as President of the Ghana Football Association". Abdul-Hamid said the government was "shocked and outraged" at the claims, which included referees apparently accepting bribes of at least $100 to throw matches.

by | June 09, 2018 | 23:48

For Tesla to make affordable vehicles, "it is going to be important to localize production to at least a continent level", Musk said . In the 60 seconds leading up to the crash, Huang did this on three occasions covering a total of 34 seconds, but was not touching it during the six seconds before impact.

by | June 09, 2018 | 23:15

Warren Buffett , Jeff Bezos and Jamie Dimon have picked a leader for their health care venture. They also said they have found a person to head up the venture that their two companies, plus Amazon, are forming to attack the health care system's high costs and quality problems.

by | June 09, 2018 | 21:48

But can Google realistically stick to its now-public principles? Google's Project Maven with the US Defence Department came under fire from company employees concerned about the direction it was taking the company. However, the AI principles do not make clear whether Google would be precluded from working on a project like Maven-which promised vast surveillance capabilities to the military but stopped short of enabling algorithmic drone strikes.

by | June 08, 2018 | 07:20

They said was an essential forum for finding common ground and resolving differences. Trump's imposition of steel and aluminum tariffs on his G7 partners, as well as broader disagreements on trade and climate change, are setting the stage for some tense face-to-face meetings here Friday after Trump's arrival at the Quebec summit.

by | June 07, 2018 | 06:24

But the White House has signaled no change in plans. Christopher Sands, director of the Center for Canadian Studies at Johns Hopkins University, said Mr. "I think the president's made that very clear". The member countries are: Canada, France, Italy, Japan, Germany, the United States and the Britain. The EU also attends.

by | June 07, 2018 | 00:03

While no more details were offered, Musk used the meeting to announce a number of updates for Tesla's current and future range. It is now held by Mr. Although the eco-friendly auto is one of Tesla's more affordable models, those looking to buy the vehicle may be waiting months before they can get behind the wheel.

by | June 05, 2018 | 11:01

On the iOS 12 Face ID & Passcode settings is a new entry: Set Up an Alternate Appearance. A new Shortcuts app will let you build multi-step shortcuts, too. Do Not Disturb (during bedtime) helps prevent you from being sucked into notification hell when you wake up in the middle of the night. What will be hidden away are distracting app notifications from the lock screen .

by | June 05, 2018 | 09:33

In a farewell letter to employees, Schultz noted he had created a personal website , which talks of a "new chapter". Howard Schultz is leaving his job at Starbucks - and says he may consider running for president. Starbucks Executive Chairman Howard Schultz on the USA economy, the impact of the tax reform legislation. Schultz signed his announcement "Onward with love, Howard".

by | June 04, 2018 | 21:12

The dog was in a cargo hold on a Phoenix-to-Newark flight that stopped in Detroit, where he was found dead. It was on a flight from Phoenix to Newark. "The family now has Alejandro and we continue to offer our support". When the family arrived at their destination, the dog was found dead . "That's exactly what happened, and someone has to be responsible for it", Dellegrazie said.