Economy

by | July 21, 2018 | 04:23

The BBC reports that defence minister Guto Bebb " resigned so he could vote against the government", adding yet another minister to the growing list of resignations. May now faces rebellion from the pro-EU flank of her Conservative party, who are outraged by her caving in to these harder Brexiteer demands. He said we'd be responsible for a general election and putting Jeremy Corbyn in No 10.

by | July 21, 2018 | 03:15

Revenue for the company's LinkedIn business and job network grew 37 percent from the year-ago quarter, while its Dynamics 365 online business application suite posted a 61 percent increase. We're investing aggressively in content, community, and cloud services across every end-point to expand usage and deepen engagement with gamers. "I'm especially proud that Walmart chose Azure and Microsoft 365 to accelerate its digital transformation for their associates and customers", Nadella said ...

by | July 21, 2018 | 02:58

Update 1:26 p.m. PT: it appears that Amazon has finally fixed the crash that kept Prime Day discount web pages down, as the primary landing page now reflects Prime Day sales categories, and all links seem to be functioning as intended.

by | July 19, 2018 | 05:42

The latest fine is almost double the previous one of 2.4 billion euros, which was also against Google in 2017 in the online shopping comparison case . The EU also took issue with Google's payments to wireless carriers and phone makers to exclusively pre-install the Google Search app. As you'd expect, Google intends to appeal the ruling and in so doing push back the date at which it needs to stop offering and enforcing these agreements that favor its services.

by | July 18, 2018 | 03:03

What's "not stellar" for Netflix? Total revenue for the period was $3.91bn (£2.9bn), at a yearly growth of 40.3 per cent. Analysts had expected revenue of $3.94bn. In another note published after earnings were released, Sheridan said investors "will likely hit the pause button". The world's biggest tech company, Apple, also plans to launch a streaming service that would compete with Netflix .

by | July 18, 2018 | 02:43

European jetmaker Airbus and USA rival Boeing have been enjoying an nearly decadelong boom thanks to rising emerging markets growth and a need among Western airlines to upgrade their fleets, and order books are bulging. May also announced a new £2.0 billion programme with Italy's Leonardo to design a new generation fighter jet, following speculation that Brexit could disrupt cooperation in this field.

by | July 17, 2018 | 23:30

Tesla's stock price was down more than 2 percent Monday in premarket trading on the news that Unsworth reportedly is mulling legal action against Musk , suggesting that investors may be growing restless with his shenanigans. "He had no conception of what the cave passage was like", Unsworth said in the interview . "I believe he's called me a pedophile", Unsworth responded in an interview with the Guardian newspaper .

by | July 16, 2018 | 07:05

ZTE, which relies on US components for its smart phones and networking gear, ceased major operations after the ban was imposed. Shen Meng, director of boutique investment bank Chanson & Co, said the overwhelming response from the stock market reflects the optimism that ZTE is on the way back to business.

by | July 16, 2018 | 01:33

Musk then shipped the submarine out to Thailand , commenting that it was ready to be used if and when it was needed. Unsworth was instrumental in the rescue of the boy's soccer team, but lambasted Musk's submarine plan in an interview published by CNN Friday.

by | July 16, 2018 | 00:36

Mr Musk, 47, said more than two years ago that he expected Tesla to produce more than 500,000 vehicles in 2018 at its lone car-assembly plant in Fremont, California, but the company is well off that pace because of the Model 3's slow start.

by | July 15, 2018 | 07:36

The only catch? You have to be an Amazon Prime member to take advantage of the deals . Students also qualify for a special membership rate, while those who haven't already tried Amazon Prime can opt for a 30-day free trial . (Exclusive streaming of "The Americans", "Downton Abbey" and originals like "Transparent" could be in your future.) And you can watch Oscar-nominated movies like "Lady Bird" and "Moonlight" between binges of camp-tastic "Dynasty" and black comedy "Fleabag".

by | July 15, 2018 | 07:31

On its Facebook page , the company said that it has closed lines. Less than an hour after opening, the company released a statement saying that local authorities were not allowing them to accept anyone else into their locations due to crowds and safety concerns .

by | July 15, 2018 | 07:20

During the trial the Justice Department argued that the merger could raise prices for consumers and for the companies' rivals, to the tune of hundreds of millions of dollars a year. Mr Trump has publicly feuded with Time Warner's CNN, calling it "failing" and a purveyor of "fake news". "The court's decision could hardly have been more thorough, fact-based, and well-reasoned", he said .

by | July 13, 2018 | 20:45

Mr Trump said he had given the PM a suggestion about how to come out on top in the talks but "she found it maybe too brutal". "I get along with her very well", said Trump who is to meet May on a visit to Britain after the North Atlantic Treaty Organisation summit.

by | July 13, 2018 | 19:59

Tensions rose on the final day of the two-day summit, when members met in an emergency session amid demands from Trump to speed up defense spending. "I told people that I'd be very unhappy if they didn't up their commitments very substantially because the United States has been paying a tremendous amount".

by | July 12, 2018 | 20:44

U.S. State Department officials have visited Saudi Arabia to coordinate stronger pressure on Iran and discuss ways to ensure that the oil market is well-supplied after U.S. Reuters' vessel tracking data show three of the eight tankers charted by Swiss and Chinese traders and sent to India in recent weeks were destined for a port near Reliance Industries Ltd 's Jamnagar refinery, the world's largest.

by | July 12, 2018 | 20:42

White House claims thousand in dollars of debt came from using credit card to buy baseball tickets, which were later reimbursed by unknown 'friends'. He added that Kavanaugh's friends paid him back for the tickets and the judge has stopped buying season tickets after racking up debt.

by | July 12, 2018 | 20:41

Comcast increased its bid for Sky Wednesday evening, beating an offer 21st Century Fox issued earlier in the day to continue a bidding war for the British broadcaster. A Fox shareholder has filed a lawsuit over Disney's pending acquisition of most of 21st Century Fox's assets, alleging that shareholders have been given misleading or incomplete information before their vote on July 27, according to The Hollywood Reporter .

by | July 11, 2018 | 04:23

The US has announced its plans to impose taxes on a further $200 billion worth of Chinese imports, in retaliation for China's retaliation to America's first round of tariffs. retailers and consumer brands were spared in the first round of tariffs on Chinese imports. The trade war could also jeopardize China's help in confronting North Korea's nuclear program.

by | July 10, 2018 | 05:25

Companies worry the dispute could chill global economic growth, but Asian financial markets took Friday's developments in stride. U.S. Customs and Border Protection said in a notice it would begin collecting the 25 percent duties on 818 product lines identified in June by the U.S.

by | July 10, 2018 | 02:14

The job growth shows the labour market shrugging off worries about a slowdown triggered by trade fights or rising borrowing costs. Hassett pointed to the increase in labor force participation for African American women and Hispanic men and women as an encouraging sign that people are being drawn back to work.

by | July 10, 2018 | 00:46

Unemployment in the region was recorded at 7.9 per cent in May. With more people searching for work, the unemployment rate increased by 0.2 percentage points to 6.0 per cent, across the country, added the federal agency. At the same time, employment decreased in accommodation and food services, and in agriculture. "After an impressive performance in 2017, the Canadian labour market definitely took a breather in the first half of 2018", Arseneau wrote in a research note to clients.

by | July 08, 2018 | 05:30

A spokesman for The Boring Company , which Musk founded in 2016 said: 'We are speaking with the Thai government to see how we can help, and we are sending SpaceX/Boring Company people from the USA to Thailand today to offer support on the ground.

by | July 07, 2018 | 11:01

Idaho-based Micron was slapped with an injunction for "violating UMC's patent rights in a court verdict that applies to all of mainland China", UMC said in a statement on Tuesday that disclosed the ruling. Micron and UMC are also battling it out in Californian courts. "The Fuzhou Court issued this preliminary ruling before allowing Micron an opportunity to present its defense", said Joel Poppen , Micron's general counsel.

by | July 07, 2018 | 10:29

USA crude oil stockpiles unexpectedly rose last week, as imports grew and refineries cut output while gasoline inventories decreased almost double forecasts, the Energy Information Administration said on Thursday. "Increased Saudi crude availability that is being enhanced by reduced OSPs (official selling prices) into Europe and other regions is providing a strong counter against curtailed Libyan export activities", Ritterbusch wrote.

by | July 07, 2018 | 07:46

The economy needs to create roughly 120,000 jobs per month to keep up with growth in the working-age population. The London-area economy appears to be on a roll, despite an increase in the jobless rate. It was 14.5 per cent in May, but 15.5 per cent in June. On Thursday, Trump floated the prospect of imposing tariffs on more than $500 billion in Chinese imports.

by | July 06, 2018 | 19:29

They say this is to create greater stability in the market and the domestic economies of member states and to ensure a fair return for investors in the oil industry. Norway-based Rystad Energy expects Iranian production to drop by 700,000 bpd by December 2018. Libya's National Oil Corp (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in 850,000 bpd of supplies being disrupted.

by | July 06, 2018 | 18:54

That came after President Trump warned that in the end, the US could target over $500 billion worth of Chinese goods - roughly the amount, in total, that the USA has imported from China previous year. Beijing has vowed to respond immediately with an equal amount of tariffs of its own against U.S. autos, agricultural and other products. In May, the White House announced that Washington intends to impose restrictions on certain China's investments and 25% customs duties on certain ...

by | July 06, 2018 | 18:27

According to a pledge signed by the 12 stakeholders, Wang's shares will now be split between the NY and Hainan branches of the Hainan Cihang Charity Foundation, which own the majority stake in the HNA Group . Wang graduated from the Civil Aviation University of China and received an MBA from the Maastricht School of Management in the Netherlands, according to his company.

by | July 05, 2018 | 12:10

The service has officially accepted its very first deposit and it is now live for investors in the USA and Europe. The service is created to act as a safe cold storage for cryptocurrency to be used by business interests such as investors, hedge funds, exchange and startups launching their own tokens with initial coin offerings.

by | July 05, 2018 | 12:00

It was not immediately clear what those concerns are. The impact of retaliatory measures by Washington's trading partners could total around $294 billion - or around 19 percent of total US exports in 2017, the European Union estimates.

by | July 05, 2018 | 11:38

China Mobile , whose shares also trade on the New York Stock Exchange, had applied for a Section 214 facilities-based licence, which would give it the authority to build its own telecommunications network in the USA, connect this network to those run by domestic operators, and offer mobile, broadband and other telecoms services to consumers and commercial enterprises in the country.

by | July 05, 2018 | 10:11

Chinese state media has promoted the message that the European Union is on China's side. The U.S. alert, also circulated in January, urged Americans to "exercise increased caution in China due to the arbitrary enforcement of local laws and special restrictions on dual U.S".

by | July 04, 2018 | 07:54

The Organization of the Petroleum Exporting Countries agreed with Russian Federation and other oil-producing allies last month to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers.

by | July 04, 2018 | 07:57

The U.S. helped establish the WTO in 1995 as a way to mediate trade disputes and head off tit-for-tat trade wars of the kind that are now enveloping the U.S., Canada, Mexico, China, and the European Union. Or, the "FART Act". Following news of the report, the U.S. Chamber of Commerce-a longtime capitalist juggernaut closely allied with Republican leaders and the Trump administration-launched a campaign to oppose the president's tit-for-tat tariff escalation.