Economy

Before Trump, Obama was an 'enemy of press freedom'

Before Trump, Obama was an 'enemy of press freedom' What is true is that it's the highest in 10 years. "If you look at the collective body of evidence, the notion that what we're seeing right now is just a continuation of trends is not super defensible", Hassett said. "And, usually, the answer is he doesn't have an answer". "I'm not the chairman of the council of Twitter advisers", he said. He inherited a dismal economy in the middle of a reces... [Full Article...]

First Advisories Sent for Hurricane Florence in South and North Carolina, Virginia

First Advisories Sent for Hurricane Florence in South and North Carolina, Virginia While Florence could punch the Carolinas harder than any hurricane since 1954, New England isn't expected to see much of an impact from the storm. The life-threatening storm is now located about 905 miles east-southeast of Cape Fear, North Carolina , and is moving at a speed of 16 mph. [Full Article...]

IPhone prices will surge if Apple builds them in US

IPhone prices will surge if Apple builds them in US Auto industry analyst Ed Kim told the Guardian that Trump's tariffs have, effectively, ruined Ford's plan for the Focus . Since then, though, Trump has threatened an additional $267 billion of tariffs on China, a move revealed Friday that could cover virtually all Chinese-made goods entering the United States. [Full Article...]

Bharat Bandh: Offices, schools and colleges open at regular time

Bharat Bandh: Offices, schools and colleges open at regular time Petrol prices went up by 39 paise per litre and Diesel prices saw an upward trend of 44 paise per litre in Delhi . Earlier, petrol prices were revised every fortnight, meaning that unlike now, the prices changed on the 1st and 16th of every month. [Full Article...]

Apple could be tax free if it makes products in the US

Apple could be tax free if it makes products in the US An index of global stock markets rose on Monday for the first time in eight trading sessions on optimism about policy from Italy to the United States, dodging anxiety about the U.S. The president's comment came after Apple expressed dissatisfaction with the trade war the Trump administration has been escalating with China. "Exciting! #MAGA", reads Trump's tweet. [Full Article...]

Ford Rules Out Making Focus Active Wagon In The U.S.

Mr Trump last Friday threatened duties on another US$267 billion (S$368 billion) of goods on top of US$200 billion in imports primed for levies in coming days. It asked the government to come up with other measures to bolster the economy. Computer and phone makers are involved in a global supply chain that includes Chinese manufacturing, and that can't be easily excluded without harm to USA compan... [Full Article...]

Trump tells Apple to make in US to avoid China levies

Trump tells Apple to make in US to avoid China levies Apple's AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies if the current package of $200 billion in tariffs goes ahead as expected in the coming days. On currency markets the strong United States jobs report added to expectations the Federal Reserve will hike interest rates at least two more times this year, putting further upward pres... [Full Article...]

Petrol, Diesel prices hiked again, rates at record high

Petrol, Diesel prices hiked again, rates at record high Petrol and diesel retail prices touched record levels on Monday with hiked prices in the national capital. But when the price fell down to $46 dollars, too, the Centre did not reduce the petrol and diesel prices . "There were hikes of about Rs 1.5 per litre in the earlier system when the revision took place on fortnightly basis", said Arvind Thakkar, president of Federation of Gujarat Petroleum D... [Full Article...]

Elon Musk smokes weed, talks flamethrowers on Joe Rogan podcast

Elon Musk smokes weed, talks flamethrowers on Joe Rogan podcast The interview lasted over two hours and saw the billionaire CEO sip whiskey and talk about everything from AI overlords to emotional lamentations of fossil fuels. Morton's brief tenure with the company coincided with the aborted go-private push. Musk first called the diver Unsworth a "pedo" in a July tweet - an unfounded claim against a man who was part of the global team that freed 12 young fo... [Full Article...]

Alibaba founder Jack Ma to retire

Alibaba founder Jack Ma to retire Mr Ma is staying on as executive chairman for 12 months to "ensure a smooth transition" before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. Ma said he will continue to be a member of the Alibaba Partnership and focus his new free time on philanthropy. He is known as a key architect of Alibaba's "Singles Day", the Nov 11 event that has becomes the worl... [Full Article...]

China’s trade surplus with U.S. hits record $31 billion

The public comment period ended Thursday on proposed tariffs that could range from 10% to 25% on some $200bn worth of Chinese goods, including multiple seafood items, such as re-processed salmon and tuna as well as red swimming crab. The Mac Mini, cables and adapters, chargers and even cases for laptops and mobile devices could be hit by the tariffs, the company said. Some components for Appl... [Full Article...]

Solid US job growth is likely to be reported for August

Solid US job growth is likely to be reported for August The U.S. economy added jobs for the 95th straight month in August, a record-setting streak. That level of hiring would slightly exceed the pace in July, when employers added 157,000 jobs. The economy is at or near full employment, depending on who you ask, so economists have been expecting wages to rise for some time. Wholesalers added 22,400 jobs. [Full Article...]

Red Deer unemployment rate rises in August

Red Deer unemployment rate rises in August However, August also featured a notable bright spot: full-time jobs rose by 40,400. Those are the latest figures from the Government of Canada's most recent Labour Force Survey (LFS). There was another slide in average hourly wage growth, which closely watched by the Bank of Canada. In Saskatchewan, the rate increased slightly to 6.7 per cent, meanwhile, Alberta remained unchanged at a rate ... [Full Article...]

CBS in talks on exit for accused CEO Moonves

CBS in talks on exit for accused CEO Moonves The board of U.S. television giant CBS is negotiating a multi-million-dollar exit for CEO Leslie Moonves , accused of sexual misconduct by at least six women, United States media reported Thursday. "I always understood and respected - and abided by the principle - that "no" means 'no, ' and I have never misused my position to harm or hinder anyone's career", he said in a statement to The New... [Full Article...]

Bitcoin falls off another cliff as cryptocurrency slump deepens

Bitcoin falls off another cliff as cryptocurrency slump deepens Understanding the gravity of the situation, the CFO of Goldman Sachs has come out to clarify the company's stance on cryptocurrencies . The bad news was followed by another news which stated that the USA regulators were still very reluctant towards this new form of currency and weren't approving establishment of a bitcoin exchange-traded fund. [Full Article...]

Bernie Sanders' 'Stop BEZOS' bill targets worker pay at Amazon and Walmart

Bernie Sanders' 'Stop BEZOS' bill targets worker pay at Amazon and Walmart The bill is created to force large employers to pay back, in the form of a new tax, federal assistance their workers receive. The idea is to crack down on "corporate welfare" - where the government is left to pick up the slack for poor paying, big businesses. [Full Article...]

Burberry to drop real fur, stop destroying unsold goods

Burberry to drop real fur, stop destroying unsold goods Gobbetti added that the belief is core to Burberry and key to the company's long-term success, as the company is committed to applying creatively in the same way to all parts of the company as it does with its products. Kirsten Brodde, who leads Greenpeace's Detox My Fashion campaign, said: "Because fashion is a high-volume business with more than 100billion garments produced each year, consumer... [Full Article...]

Apple says China tariffs would hit Apple Watch, Air Pods

Apple says China tariffs would hit Apple Watch, Air Pods The tariffs would potentially hurt USA companies that import everything from handbags to bicycle tires. The public comment period ended Thursday on proposed tariffs that could range from 10% to 25% on some $200bn worth of Chinese goods, including multiple seafood items, such as re-processed salmon and tuna as well as red swimming crab. [Full Article...]

Trump ups ante on China, threatens duties on almost all its imports

President Trump is digging into protecting the American worker against China by considering additional tariffs on $267 billion in Chinese imports. The S&P 500's weekly drop was the most since June and Boeing led declines in the Dow Jones Industrial Average. [Full Article...]

Petrol, diesel prices rise by about 50 paise. Check today’s rate

Petrol, diesel prices rise by about 50 paise. Check today’s rate Similarly, petrol is being sold for ₹83.14 per litre in Chennai and the diesel retail price is ₹76.18 per litre. Petrol at Rs 79.99 per litre has nearly touched 80-mark in Delhi. The consistent hike in fuel prices has led the opposition parties to blame the Modi government for mismanagement. The rupee on the other hand, breached the crucial 72 mark against the USA dollar for the first time o... [Full Article...]


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