Business

21st Century Fox Wins Key Approval In Britain For Sky Deal

21st Century Fox Wins Key Approval In Britain For Sky Deal Ives says the average Netflix user spends 10 hours a week watching its content, with five hours per week going each to Hulu and Amazon. Long-term goals: Iger wants the Fox assets even if Murdoch fails to clinch all of Sky, yet Sky is still part of the prize. [Full Article...]

U.S. lifts ban on suppliers selling to China's ZTE

U.S. lifts ban on suppliers selling to China's ZTE Because ZTE relies on US suppliers to make its smartphones. "ZTE should be put out of business". The fine was paid in late June , and Ross said Friday that the $400 million had arrived at a USA bank. "As ZTE is finally near the end of the tunnel, we believe its current stock price incorporates an overly pessimistic view on the settlement". Reuters reported on the US demands for a deal on June... [Full Article...]

Tesla to begin phasing out federal tax credit in 2019

Tesla to begin phasing out federal tax credit in 2019 One of Tesla's most influential shareholders is giving Elon Musk an earful about the turmoil surrounding him and the electric-car maker in recent weeks. The Model 3, which starts at $35,000, was created to broaden Tesla's customer base beyond the luxury segment and accelerate the pace of electric-vehicle adoption. [Full Article...]

Amazon rolls out deals ahead of Prime Day

Amazon rolls out deals ahead of Prime Day Amazon's massive annual sales extravaganza, Prime Day, is about a week away, and at least one of the company's rivals is in attack mode. The grocery store chain is also offering discounts on select items including produce, seafood and more ahead of prime day. [Full Article...]

Dozens line up at Build-A-Bear for "pay your age" promotion

Dozens line up at Build-A-Bear for The company wrote in a Facebook post that it closed lines at its stores in Canada and the USA due to overwhelming crowds and safety concerns . One user, @JohnLuke_PW, joked that he'd spent "41 days" in line. Build-A-Bear Workshop, which has four Phoenix-area locations, called off the promotion in North America before 9 a.m. Arizona time. Selena Torres, 3, waits for her unicorn to be filled ... [Full Article...]

US Justice Dept to appeal approval of AT&T acquisition of Time Warner

US Justice Dept to appeal approval of AT&T acquisition of Time Warner The companies have moved forward with their $85.4 billion agreement, putting an AT&T executive in charge of the media conglomerate that produces HBO hit shows like Game of Thrones and the news network CNN . A new trial is likely to see the U.S. government renew. Now the case will go to the D.C. Circuit Court of Appeals, where a three-judge panel will hear the appeal. [Full Article...]

UAE supermarkets recall frozen food following killer listeria outbreak in Europe

UAE supermarkets recall frozen food following killer listeria outbreak in Europe But the patient's death earlier this year means authorities will never know if they ate the suspect vegies. Listeriosis is a rare infection caused by the bacteria listeria . Listeria can cause a life threatening infection, with symptoms similar to the flu including a high temperature, muscle ache or pain, chills, feeling or being sick and diarrhoea. [Full Article...]

Stocks, commodities consolidate after latest trade war jolt

Stocks, commodities consolidate after latest trade war jolt On Friday, the US imposed 25-percent tariffs on around $ 34 billion in Chinese goods , sparking an immediate dollar-for-dollar retaliation from Beijing . Instead, its heavily regulated economy gives Beijing tools to disrupt operations for American companies. Members of Congress are increasingly questioning Trump's tactics. [Full Article...]

Tory MPs tell worldwide trade secretary Brexit plan looks like capitulation

Tory MPs tell worldwide trade secretary Brexit plan looks like capitulation The Chequers policy, which secured Cabinet agreement last week before sparking senior resignations, includes being tied to the European single market for goods under a "common rule book" and close customs arrangements as part of a new UK-EU free trade area. [Full Article...]

Pompeo Accuses Iran of Using Embassies to Plot Europe Terror Attacks

Pompeo Accuses Iran of Using Embassies to Plot Europe Terror Attacks Pompeo's primary ammunition in the talks will be assurances that other nations, mostly Saudi Arabia, will replace Iran's oil exports on the market. U.S. oil over a period of three to six months instead of buying single cargoes". In May, President Donald Trump announced that the U.S. was withdrawing from the Iran nuclear deal signed by the Obama administration in 2015, under which Tehran had ... [Full Article...]

Supreme Court nominee Kavanaugh reports relatively modest finances

Supreme Court nominee Kavanaugh reports relatively modest finances White House claims thousand in dollars of debt came from using credit card to buy baseball tickets, which were later reimbursed by unknown 'friends'. Kavanaugh's friends reportedly reimbursed him for "their share of the baseball tickets", and the judge has "since stopped purchasing the season tickets". [Full Article...]

Fox raises Sky offer to US$32 billion

Fox raises Sky offer to US$32 billion Hong Kong-based hedge fund Case Equity Partners, a Sky investor, said the fact Disney was in a slightly more favourable position for Fox's US media assets meant Comcast would fight even harder to get Sky. 20th Century Fox recently set July 27 as the new date for stockholders to vote on the sale of their many film and television assets to The Walt Disney Co ., which has also recently received ... [Full Article...]

US to slap tariffs on extra $200 billion of Chinese imports

US to slap tariffs on extra $200 billion of Chinese imports The move would be the latest in the escalating trade skirmish between the world's two biggest economies. Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of US exports to China. [Full Article...]

Jobless rate for Latino Americans fell to record low in June

In spite of healthy job growth, wage growth is especially weak in manufacturing, rising just 1.7 percent over the a year ago. The participation rate, or share of working-age people in the labor force, increased to 62.9 percent from 62.7 percent the prior month. [Full Article...]

Booming US jobs market lifts chance of rate rise

Booming US jobs market lifts chance of rate rise Average hourly earnings advanced 2.7 per cent from a year earlier, while the jobless rate increased to 4 per cent from 3.8 per cent, the first rise in nearly a year. It's "another strong month for jobs", CNN's Christine Romans told her viewers. Trump oversaw a steadily-declining unemployment rate which eventually reached its lowest level since 2000 . [Full Article...]

USA soybean farmers say China tariffs could result in ‘serious damage’

USA soybean farmers say China tariffs could result in ‘serious damage’ Retaliatory measures by China also include taxes on imports of a variety of USA dairy products. It added that instead of "serving the interests of U.S. Foreign companies accounted for $20 billion, or 59%t, of the $34 billion of exports from China that would be subject to new USA tariffs, with US firms accounting for a significant part of that 59 percent, Gao said. [Full Article...]

Are gasoline prices in the USA really too high?

Are gasoline prices in the USA really too high? The two urges don't mix, however. The American Petroleum Institute was said to report that inventories dropped by 4.51 million barrels last week, while a Bloomberg survey also estimated a decline. The president's call to "reduce pricing" was an apparent reference for oil producers to churn out more supply in order to contain spiking oil prices. [Full Article...]

Rouhani calls European Union trio package to save nuclear deal 'disappointing'

Rouhani calls European Union trio package to save nuclear deal 'disappointing' Zarif pointed to his "very serious and constructive" talks with the remaining parties of the nuclear deal and said, "I believe that there is political will to continue work and save this agreement but we must see what will happen to this issue in practice." A senior US military leader said in 2012 the Guards have the ability to block the Strait of Hormuz "for a period of time" but the United St... [Full Article...]

Global stocks edge lower as trade worries overshadow rising oil prices

Global stocks edge lower as trade worries overshadow rising oil prices The US and China are embroiled in trade dispute which will see US tariffs on US$34 billion of Chinese goods come into effect on Friday. The Hang Seng then edged back to end 1.4 percent lower. USA crude fell 1.5 percent to $73.03 per barrel and Brent was last at $77.71, down 0.68 percent. The dollar last stood at 110.97 yen, giving up gains following sharp falls in Chinese shares. [Full Article...]

Trump's tweets driving up oil prices

Trump's tweets driving up oil prices Saudi Arabia is said to have spare capacity of 2 million barrels per day, but it's not clear whether that much could be available immediately. "Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue from crude oil sales", Hook, the State Department's director of policy and planning, told reporters. [Full Article...]


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