Business

Due to Trump tariffs, Ford cancels 2019 Focus

The high-riding Focus will be built in China and consequently affected by the Trump administration's increased tariffs on vehicles imported from China. The decision could mean that the Mustang will be the only Ford passenger vehicle sold in the U.S. Galhotra told reporters the crossover wasn't worth putting money into a auto that they estimate would have sold less than fewer than 50,000 unit s... [Full Article...]

NAFTA negotiations continue in Washington as Friday goal nears

NAFTA negotiations continue in Washington as Friday goal nears A senior administration official called the new U.S. -Mexico trade agreement "better in all respects" than " NAFTA 1.0". For Trump , striking a new trade deal with Mexico - and possibly Canada - would be welcomed as a political win for Republicans ahead of the crucial USA midterm elections this fall. [Full Article...]

Trump threatens to withdraw US from World Trade Organization

Trump threatens to withdraw US from World Trade Organization Setting his sights on a cornerstone of the global trading system, he said: "If they don't shape up , I would withdraw from the WTO". The agreement establishing the body "was the single worst trade deal ever made", Trump said. sovereignty, particularly on anti-dumping cases. Trump also said the United States "rarely won a lawsuit except for last year" at the WTO. "And I think what he said yest... [Full Article...]

Pres. Trump cancels pay raises for most federal employees

Pres. Trump cancels pay raises for most federal employees Federal workers were to get a 2.1 percent across-the-board raise in January, with more for those who live in high-cost areas. Trump signed executive orders in May that made it easier to fire federal employees and placed limits on public-sector unions. [Full Article...]

Coca Cola buys Costa Coffee for £3.9 billion

Coca Cola buys Costa Coffee for £3.9 billion Paying about 1 billion pounds more than some analysts had expected, Coke will use its distribution network to supercharge Costa's expansion as it chases current coffee chain market leader Starbucks (SBUX.O) and its nearly 29,000 stores across 77 markets. [Full Article...]

Drones and stakeouts: how Tesla 'haters' put pressure on CEO Musk

Drones and stakeouts: how Tesla 'haters' put pressure on CEO Musk Since then, Musk has said there were no tears, but the Times has stood by its story . "Why?" Musk who is very vocal about his views on social media has often paid the price for it. Shares of Tesla had lost as much as 3 per cent after earlier his comments. "According to a subsequent Twitter post, you did so out of anger". Last week, Musk said Telsa would remain publicly-traded. [Full Article...]

Brexit Minister Raab: "A UK-EU deal is within our sights"

Brexit Minister Raab: Britain will use its global aid budget to boost its own interests while also seeking to deepen trade ties with Africa , Prime Minister Theresa May said on Tuesday, countering critics who say aid funds would be better spent at home. He also welcomed UK's support at strengthening democratic institutions in the country. Britain's Brexit minister Dominic Raab told lawmakers on Wednesday he was ... [Full Article...]

Saudi Arabia says it 'remains committed' to Aramco IPO

Saudi Arabia says it 'remains committed' to Aramco IPO Yemen Army and popular forces targeted a Saudi sea base in Red Sea near Aramco oil installations, south of Saudi Arabia. Russian President Mr Vladimir Putin and Saudi Crown Prince, Second Deputy Prime Minister and Defense Minister Mohammad bin Salman Al Saud, right, during a meeting. [Full Article...]

Tesla abandons Elon Musk's plan to delist company

Tesla abandons Elon Musk's plan to delist company Tesla founder Elon Musk has announced he no longer wishes to take his company private. The news marks a stunning reversal for Musk who tweeted on August 7 that he had "funding secured" for a deal that would take Tesla private at a value of $72 billion. [Full Article...]

Cohen’s lawyer walks back claim Trump knew of Russia meeting

Cohen’s lawyer walks back claim Trump knew of Russia meeting After the sit-down came to light, Trump insisted his son never informed him of the Trump Tower meeting and that he learned about it from media reports . "Just another phony story by the Fake News Media!" While previous weeks have seen long streams of largely rambling discourse striking back at the Mueller investigation and others he has perceived as enemies, the President stuck to retweetin... [Full Article...]

Lawmakers press for probe into Verizon's firefighter throttling

Lawmakers press for probe into Verizon's firefighter throttling The county first disclosed the issue in a court filing last week in support of a lawsuit seeking to restore net neutrality rules repealed by the Federal Communications Commission. Those rules are meant to force broadband companies to give all customers comparable service, and many critics have insisted they would have protected firefighters' internet access. [Full Article...]

Over 2 Millions Account Numbers and Addresses Potentially Leaked — Mobile Hacked Again

Over 2 Millions Account Numbers and Addresses Potentially Leaked — Mobile Hacked Again All affected customers have been, or shortly will be, notified, said the company. T-Mobile said it "regretted" this incident and has put a number of safeguards in place to protect the personal information of its customers from unauthorized access. [Full Article...]

Fed chief stands firm on rate policy

Fed chief stands firm on rate policy The Fed has penciled in two more interest rate hikes this year despite risks from trade conflicts and emerging market turmoil. Growth is expected to remain close to 4.0 percent and to keep validating the policy decisions from the Fed. Unemployment is low at 3.9 per cent, and inflation, according to the Fed's preferred benchmark, is slightly above officials' 2 per cent target. Federal Reserv... [Full Article...]

Dershowitz says NY probe, not Mueller, is ‘greatest threat’ to Trump

Dershowitz says NY probe, not Mueller, is ‘greatest threat’ to Trump How is Trump's policy of "Be loyal to be, and I will treat you like dirt" working? " The Journal reported Pecker shared with prosecutors details about payments that Cohen says Trump directed in the weeks and months before the election to buy the silence of McDougal and another woman alleging an affair, porn star Stormy Daniels ". [Full Article...]

United Kingdom outlines contingency plan in event of 'no-deal' Brexit

United Kingdom outlines contingency plan in event of 'no-deal' Brexit With the contentious issue of the Northern Ireland backstop still unresolved between the United Kingdom and EU27, businesses trading across the border are advised that they may need to consult the Dublin government. London is Europe's leading financial services hub, with the global banks and investment houses based there working for clients across the EU. "The chancellor's bombshell letter ... [Full Article...]

Russian manufacturer Kalashnikov moves from AK-47s to an electric vehicle

Russian manufacturer Kalashnikov moves from AK-47s to an electric vehicle Kalashnikov constructed the CV-1 on the underpinnings of an Izh 2125 "Kombi," a compact hatchback originally manufactured by the Soviets starting in 1972, with production running until 1997. The electric motorcycles had been used previous year for police patrolling roads. The weapons company now wants to dip into the EV space. And the occasional salt-and-pepper shaker . [Full Article...]

US Crude Oil Outlook: Oil price advances on bullish fundamentals

US Crude Oil Outlook: Oil price advances on bullish fundamentals API data has contrasted with gains in USA crude oil and gasoline inventories reported by the EIA and lead to major swings downward for the price of oil. Chinese ship owners are no longer accepting Iranian oil and its using its own tankers to supply oil to top U.S. customers as the impending American sanctions are expected to disrupt worldwide trade. [Full Article...]

Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case

Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case Pecker's immunity deal was first reported on Thursday by Vanity Fair and The Wall Street Journal , citing anonymous sources. There is also evidence captured by satellite images that North Korea has started to dismantle a key military engine test site at the Sohae Satellite Launching Station, as Mr Kim said he would when he met Mr Trump. [Full Article...]

Pope arrives in Ireland for first visit in 40 years

Pope arrives in Ireland for first visit in 40 years The visit will also put him in a global spotlight, as the Vatican is reeling from scandals this year in the US, Australia and Chile. Prime Minister Leo Varadkar , who a year ago became Ireland's first gay leader, told Francis that the wounds of clerical child abuse that stained the Irish state were still open and there was much to be done to bring about justice and healing for victims. [Full Article...]

US President Donald Trump says his impeachment would 'crash' the economy

US President Donald Trump says his impeachment would 'crash' the economy Although the charges didn't involve collusion between Russian Federation and the Trump campaign, they were brought by the office of Special Counsel Robert S. Press secretary Sarah Huckabee Sanders insisted at least seven times at a briefing that Trump had done nothing wrong and was not the subject of criminal charges. [Full Article...]


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