Economy

Businesses advised to consult customs brokers in preparation for no-deal Brexit

Businesses advised to consult customs brokers in preparation for no-deal Brexit First Minister Carwyn Jones has responded to UK Government's "no deal" plans which they have published today . "That remains our top priority, our overriding priority", said Raab, adding that it was the most likely outcome. Despite the upbeat tone, the documents reveal the scale of disruption to the British economy and daily life that could follow Brexit. The European Commission has already... [Full Article...]

Toyota invests in Uber for automated vehicle tech

Toyota invests in Uber for automated vehicle tech Toyota has announced that it will expand its collaboration with Uber as part of efforts to develop and market autonomous ride-sharing as a mobility service at scale. The accident prompted the ride-hailing company to suspend road-testing of such cars in the United States and Canada. Uber had little choice but to find a self-driving auto partner after the collision that killed Herzberg, said Navi... [Full Article...]

Shelved Aramco IPO hits at heart of Saudi prince's reforms

Shelved Aramco IPO hits at heart of Saudi prince's reforms Ambassador of Saudi Arabia to Pakistan Nawaf bin Said Al-Malki was the first foreign diplomat to have a meeting with Imran even when the poll results were still pouring in and that was reflective of importance the Kingdom attaches to Pakistan. [Full Article...]

Trump announces new United States trade deal with Mexico

Trump announces new United States trade deal with Mexico Al Jazeera's John Holman, reporting from Mexico City, said outgoing President Nieto "probably had to make sacrifices" to protect a trade agreement with the United States, with a possible outcome being the flight of auto manufacturing companies from the country. [Full Article...]

Mexico's president-elect thanks Trump for being respectful

Mexico's president-elect thanks Trump for being respectful President-elect Andres Manuel Lopez Obrador's NAFTA representative, Jesus Seade, has asked the Trump administration to address concerns that USA -proposed language in the new NAFTA deal would put too many restrictions on how they can treat foreign companies looking to tap the nation's crude, according to the people, who asked not to be named discussing private negotiations. [Full Article...]

Ryanair has introduced new baggage rules

Ryanair has introduced new baggage rules Ryanair expects that of the remaining 40 per cent of (non-priority) customers affected by this new policy, most will either switch to priority boarding or will switch to traveling with one free (small) carry-on bag only, and others will buy the lower cost ten-kilogram checked bag. [Full Article...]

Mass shooting leaves multiple dead in Jacksonville, FL, authorities say

Mass shooting leaves multiple dead in Jacksonville, FL, authorities say Federal Bureau of Investigation spokesperson Dave Fitz confirmed that the agency had searched Katz's father's home in Baltimore, but declined to release further details, The Associated Press reports . "Searches are being conducted", the sheriff's office said. The bar's Twitch account, which was live streaming the competition, captured the horrifying incident. [Full Article...]

Chief of the Fed navigates risky political and economic waters

Chief of the Fed navigates risky political and economic waters Avoiding any direct reference to President Donald Trump's renewed criticism of the Federal Reserve's handling of the economy, Fed chief Jerome Powell said Friday the central bank would do "whatever it takes" to head off inflation or react to a new crisis. [Full Article...]

Verizon removes speed restrictions for all West Coast first responders

Verizon removes speed restrictions for all West Coast first responders Maiorana says Verizon has removed all speed cap restrictions for first responders on the west coast, and also for emergency crews in Hawaii as Hurricane Lane approaches. She said Verizon is reviewing the situation and "will fix any issues going forward". Some firefighters are accusing Verizon of putting their lives at risk while they battled the Mendocino complex fires. [Full Article...]

Oil prices drop concerns of global economic slowdown

Oil prices drop concerns of global economic slowdown The shift shows how trade is being affected even before U.S. sanctions targeting Iran's crude exports snap back into effect in early November. The West Texas Intermediate (WTI) for October delivery rose 2.02 USA dollars to settle at 67.86 dollars a barrel on the New York Mercantile Exchange. [Full Article...]

Trump Organization's Financial Officer Granted Immunity In Cohen Probe

Trump Organization's Financial Officer Granted Immunity In Cohen Probe His plea deal described how Cohen had submitted false invoices to the Trump organization as a way of being reimbursed for hush payments Cohen made to women who had alleged affairs with Trump. From there, it's an open question of who will benefit the most from Weisselberg's testimony. "He plays an integral part in the Trump Organization's growth and continued financial success", Ivanka Trum... [Full Article...]

Bull market ignores White House turmoil to set new record

Bull market ignores White House turmoil to set new record President Donald Trump, however, has declared the current bull run as the longest ever, tweeting after Wednesday's market close, "Longest bull run in the history of the stock market, congratulations America!" US-CHINA TRADE: U.S. SPX gained 10.68 points, or 0.37 percent, to 2,867.73 and the Nasdaq Composite . IXIC added 45.29 points, or 0.58 percent, to 7,866.29. The Russell 2000 ind... [Full Article...]

Crude oil futures mixed on expected USA stock draw, rising Saudi supply

Crude oil futures mixed on expected USA stock draw, rising Saudi supply On the other hand, U.S. crude stockpiles are forecast to have declined by 2 million barrels last week following a surprise gain a week earlier, according to a Bloomberg survey of analysts before the Energy Information Administration's data due on Wednesday. [Full Article...]

Donald Trump vows 'no concessions' to Turkey over USA pastor

Donald Trump vows 'no concessions' to Turkey over USA pastor Relations between the United States and Turkey continue to deteriorate over the detention of US citizens by the Turkish government, with all the focus on an American pastor , Andrew Brunson , who was arrested in the purge that followed the failed 2016 coup attempt against President Recep Tayyip Erdogan . [Full Article...]

Sears to close 46 unprofitable stores in November

Sears to close 46 unprofitable stores in November Sears operated 894 stores in total as of May 5. Sears announced Wednesday that it would be shutting down unprofitable stores across the country - including its location at Crabtree Valley Mall in Raleigh. According to CNBC, the Vancouver Mall Sears is among those slated for closure. Specifically, the company said 13 Kmart stores and 33 Sears stores deemed "non-profitable" will close as ea... [Full Article...]

Dollar dented by Trump's Fed comments

Dollar dented by Trump's Fed comments Most analysts think that Trump's criticism will have little effect on the Fed's rate-hike plans, given the US central bank's legal independence. Trump, who spooked investors in July when he criticised the United States central bank's monetary policy tightening, told Reuters in an interview that he believed the Fed should be more accommodating. [Full Article...]

China trade war escalates with £16bn of new tariffs

China trade war escalates with £16bn of new tariffs Starting Thursday at 12:01 am (0401 GMT), the USA will charge 25 percent import duties on an additional $16 billion in Chinese products, bringing the total to over 1,000 items valued at about $50 billion in trade a year. Economists also believe that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent. The day before, however, Trump told Reuters tha... [Full Article...]

Dershowitz: Trump's language on Manafort suggests he's considering a pardon

Dershowitz: Trump's language on Manafort suggests he's considering a pardon Mr Trump said the Manafort case had nothing to do with the alleged 2016 collusion that Mr Mueller is probing and dismissed Michael Cohen's admissions. In West Virginia, Trump echoed those words, calling Manafort a "good man" who worked for previous Republican presidential candidates Ronald Reagan and Bob Dole . [Full Article...]

Here's our best look at the Google Pixel 3 XL yet

Here's our best look at the Google Pixel 3 XL yet Google is widely presumed to be planning a grand unveiling of the Pixel 3 and Pixel 3 XL on October 4. Google's upcoming hardware launch - rumored to include a new Pixelbook , the latest Pixel smartphones , and a smartwatch - just got a little less exciting. [Full Article...]

South Africa Begins Probe Of Zuma's Administration

South Africa Begins Probe Of Zuma's Administration One politician, former ANC MP Vytjie Mentor , told the public protector that Mr Zuma was at the Guptas' Johannesburg home in 2010 when the Guptas offered her the post of public enterprises minister. Zondo was selected to head the commission by Chief Justice Mogoeng Mogoeng in January 2018. However, he made it clear that no further delays will be tolerated. [Full Article...]


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