• China imposes retaliatory duties on 800 goods from US
China imposes retaliatory duties on 800 goods from US

After that, the hostilities could intensify: Trump said the USA is ready to target an additional $ 200 billion in Chinese imports - and then $US300 billion more - if Beijing does not yield to USA demands and continues to retaliate.

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  • Crude Price Falls On Saudi Arabia Production Increase, CAD Follows
Crude Price Falls On Saudi Arabia Production Increase, CAD Follows

The Saudi leader said he was ready to raise output if needed, the White House said in a statement. Oil prices fell on Monday as supplies from Saudi Arabia and Russian Federation rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States.

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  • LeBron James signs four-year deal with Los Angeles Lakers
LeBron James signs four-year deal with Los Angeles Lakers

James won a National Basketball Association title with Cleveland in 2016, but had generated buzz he would leave OH after losing consecutive finals' series to the Golden State Warriors in the last two seasons. The Golden State Warriors still hold the crown until someone proves otherwise. For all the grief Love catches, never forget he signed a...

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  • As Toys
As Toys "R" Us Closes For Good, Workers Campaign For Severance

At the Toys R Us location in Raleigh, North Carolina, a mysterious person bought the store's last remaining toys to donate to local children, CBS 17 reported. In a dire retail landscape, more than 8,000 USA shops closed in 2017, roughly double the average annual store closures in the previous decade, according to data from the International Cou...

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  • Saudi Arabia minister says OPEC deal to gradually boost oil output ‘inevitable’
Saudi Arabia minister says OPEC deal to gradually boost oil output ‘inevitable’

OPEC's top producer , Saudi Arabia , topped the output-rise table among members, with its production growing to 10.01 million b/d in May, the survey found. "More oil from OPEC+ is the base case", said Bjarne Schieldrop, analyst at Swedish bank SEB. US West Texas Intermediate (WTI) crude futures were at $65.99 a barrel, down 37c or 0.6% from the...

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  • U.S. wants allies to cease oil imports from Iran by November 4
U.S. wants allies to cease oil imports from Iran by November 4

President Donald Trump quit an agreement between major world powers and Iran in which sanctions were lifted in return for curbs on its nuclear programme. "But we should know that a failure of the deal will have very unsafe consequences for us", Zarif told a meeting of entrepreneurs at the Iranian Chamber of Commerce in Tehran on June 24.

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  • U.S. plans limits on Chinese investment in technology firms
U.S. plans limits on Chinese investment in technology firms

President Donald Trump has raised concerns about China's plan to strengthen high-tech industries like robotics, aerospace and computer chips, also known as Beijing's "Made in China 2025" policy. USA and Canadian stocks suffered their worst one-day decline in several months on Monday, amid rising global trade tensions and their potential impac...

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  • American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American
American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American

But the government has yet to reunite more than 2,000 children with their parents. A bipartisan coalition of USA mayors gathered in a Texas border town on Thursday morning to speak out against Trump's immigration crackdown, which they characterized as a "humanitarian crisis".

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  • Greek economy crisis: Eurozone ministers seek end to Greece bailout odyssey
Greek economy crisis: Eurozone ministers seek end to Greece bailout odyssey

The key element of the debt relief is an extension of maturities and grace periods on 96.9 billion euros (84.8 billion pounds) of loans granted to Greece under the second bailout by 10 years to smooth out any sharp debt servicing peaks for decades ahead.

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  • Erdogan 'wins' Turkey's presidential election - unofficial results
Erdogan 'wins' Turkey's presidential election - unofficial results

As of 15:50 GMT, Erdogan is leading in the polls with almost 60 percent of the vote after 20 percent of the ballot boxes were opened. However, the first results had been expected to give Erdogan and his Islamist-rooted party a strong lead and it is expected to shorten as more votes are tallied across the nation of 81 million people.

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  • Cryptocurrency exchange Bithumb is hacked in $36m heist
Cryptocurrency exchange Bithumb is hacked in $36m heist

Bitcoin plunged from W7.5 million to W7.08 million after news of the heist broke, and Bithumb's phone lines were inundated with calls from anxious investors inquiring about their deposits. The company has temporarily frozen deposits and trading while it is in the process of "changing our wallet system" following the incident. In each of these ...

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  • Trump renews trade criticisms of Mexico,…
Trump renews trade criticisms of Mexico,…

Away from Mr Trump's dispute with China, Russia said it would impose tariffs on certain American goods in response to the recent tariffs placed on steel and aluminium imports by the US. Read: What can Beijing do if China-US trade row worsens? In Beijing, China's Commerce Ministry responded swiftly to Trump's latest threat, warning that i...

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  • European Union slaps revenge tariffs on United States as trade war erupts
European Union slaps revenge tariffs on United States as trade war erupts

Bush. "The rules of worldwide trade, which we have developed. with our American partners, can not be violated without a reaction from our side", Commissioner for Trade Cecilia Malmström said. Cohn said he understand Trump's rationale, but added that restricting vehicles to ones made in the U.S.is not realistic. This was the process undertaken...

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  • First Tesla Model 3 Performance AWD built; Musk claims company was
First Tesla Model 3 Performance AWD built; Musk claims company was "sabotaged"

The company-wide email was also leaked ahead of yet another important production milestone for the Model 3 sedan , which Musk had predicted will reach the 5,000 cars per week rate by the end of June 2018. The Tesla CEO's messages to employees come days after some 3,000 Tesla employees were dismissed, representing almost a tenth of the entire...

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  • Audi boss arrested in diesel probe
Audi boss arrested in diesel probe

A spokesperson for Porsche SE, which controls VW and Audi, said Stadler's arrest would be discussed at a supervisory board meeting on Monday. VW's representative went on to mention the presumption of innocence has been applied. Audi has not yet commented on the matter. German carmaker Audi's CEO, Rupert Stadler , has been arrested. The 56-year...

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  • Average worker can't afford 2-bedroom apartment anywhere in US, report says
Average worker can't afford 2-bedroom apartment anywhere in US, report says

A new national study says Honolulu residents must earn at least $39.06 an hour to afford a two-bedroom apartment at fair market rent without spending more than 30 percent of their income on rent. The national housing wage is $22.10 for a two-bedroom and $17.90 for a one-bedroom rental. It's not just the Bay Area where rents are out of reach for...

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  • 4 things to watch as Trump's tariffs hit China
4 things to watch as Trump's tariffs hit China

News of the tariffs was initially reported by Bloomberg . A report in the Wall Street Journal quoting sources close to the matter said Thursday evening the list had been approved and would affect about $50 billion worth of goods, the same figure that was first announced in March.

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  • Federal judge approves AT&T-Time Warner merger
Federal judge approves AT&T-Time Warner merger

That deal now faces a higher likelihood of regulatory approval. TV Studios and Warner Bros. The judge's ruling is being seen by tech and telecom giants as a green light to pursue a slew of major media acquisitions. The ruling is a stinging defeat for the Justice Department. The government estimated costs to industry rivals, such as Charter Comm...

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  • Who gained and who lost what from the Trump-Kim summit
Who gained and who lost what from the Trump-Kim summit

China views the Korean Peninsula nuclear issue as a security issue, and what is most important is for the U.S. and North Korea to sit down to find a way to resolve their problems, Mr Wang said. Picture taken on April 9, 2017. "This person is not a wise representative for the USA", he said, taking a direct shot at Mr. Trump during Tuesday's ...

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  • Bitcoin's Sunday Slump Sparked by Hack
Bitcoin's Sunday Slump Sparked by Hack

The Bitcoin price has now dropped almost 60 per cent in 2018. NY time on Friday and was trading at $6,781.19 as of 11:43 a.m.in Hong Kong on Monday, bringing its year-to-date loss to 53 percent. There has been a sharp drop in the price of bitcoin and other virtual currencies after South Korean cryptocurrency exchange Coinrail was hacked over the we...

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  • Trump advisers accuse Trudeau of betrayal
Trump advisers accuse Trudeau of betrayal

Trump said that Trudeau was "meek and mild" during the G7 meeting. Earlier on Saturday, Trudeau said that he would "with absolute certainty" impose retaliatory tariffs on the United States in response to Trump's tariffs on steel and aluminum, which the Trump administration imposed in the name of national security.

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  • After Helping ZTE, China Warns Firms Not to Be ‘Giant Babies’
After Helping ZTE, China Warns Firms Not to Be ‘Giant Babies’

The U.S.is maintaining its 10-year export ban on ZTE, but the ban is indefinitely suspended and is likely to remain suspended if ZTE complies with the U.S. Ross said the U.S. will install its "own compliance people" to monitor the company, and shareholders will bring in new management and board. The ban, which traces back to a breach of the USA e...

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  • Google founder Larry Page-backed flying vehicle start-up offers test flights
Google founder Larry Page-backed flying vehicle start-up offers test flights

The device has small dimensions - 4,2 2,6 m - and intuitive control. Several other flying auto models are also being tested, with Uber and other companies expressing interest, according to the report. The Flyer , a recreational and lightweight aircraft, has been advertised as needing only an hour's-worth of training before pilots are ready to f...

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  • Autopilot sped up before fatal Tesla Model X crash
Autopilot sped up before fatal Tesla Model X crash

However, the Tesla reported it was no longer following said vehicle four seconds before the accident . Huang was using Tesla's Autopilot system continuously for almost 19 minutes prior to the crash. The report raised an issue for Tesla vehicles with Autopilot, as well as other vehicles with adaptive cruise control, said Bryant Walker Smi...

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  • US Reaches Deal With China's ZTE - Secretary of Commerce
US Reaches Deal With China's ZTE - Secretary of Commerce

This comes on top of the $361 million ZTE had already paid under the original settlement. According to Mr. Ross, speaking on CNBC , ZTE must change its management and its board, pay the fine, and put $400 million in escrow, which it will forfeit if it violates us sanctions on North Korea and Iran.

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