Business

FACT CHECK: Has Coca-Cola Entered Negotiations to Produce Cannabis-Infused Beverages?

FACT CHECK: Has Coca-Cola Entered Negotiations to Produce Cannabis-Infused Beverages? That was after an announcement earlier in August from cannabis company HEXO that it was teaming up with Molson Coors Canada to develop cannabis-infused drinks. " The space is evolving quickly", Coca-Cola said. These reports prompted several inquiries from readers about the veracity of claims that Coca-Cola was already in negotiations over a beverage that would contain CBD (cannabidiol). [Full Article...]

US Tariffs Now Include Wireless Routers, China Responds

US Tariffs Now Include Wireless Routers, China Responds The tariffs will place an additional 5-percent in duty on US products including smaller aircraft, computers and textiles, and an extra 10-percent on goods such as chemicals, meat, wheat and wine. Reports say senior government ministers are meeting in Beijing on Tuesday, while China is reviewing plans to send a trade delegation to Washington for talks next week, according to the South China Mo... [Full Article...]

Dena, Vijaya, BoB to merge and form country’s 3rd largest bank

Dena, Vijaya, BoB to merge and form country’s 3rd largest bank The government had merged five associate banks and Bharatiya Mahila Bank with SBI on April 1, 2017, to catapulte the country's largest lender to among the top 50 banks in the world. The government owns majority stakes in 21lenders, which account for more than two-thirds of banking assets in the Asia's third biggest economy. Vijaya Bank shares traded at Rs 60.55, up Rs 0.75 and Dena Bank shares tra... [Full Article...]

Trump claims China tariffs successful

However, some products that help computer networks operate, such as routers, remain on the latest list. More than 300 products were removed from that list - including smartwatches, health and safety devices and children's playpens. The duties take effect September 24 at a 10 percent rate. United States trade officials held public hearings in late August on the proposed escalation, hearing from d... [Full Article...]

Trump raises stakes with new round of China tariffs

Trump raises stakes with new round of China tariffs Earlier in the day the President tweeted: "Tariffs have put the United States in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been nearly unnoticeable". [Full Article...]

Needle-in-strawberry scare spreads across Australia

Needle-in-strawberry scare spreads across Australia The Queensland police commissioner, Ian Stewart , said the investigation was complicated by the vast web of supply chains. The Strawberry Growers Association of Western Australia has warned that without support, "the industry will be forced to abandon their crops or continue dumping fruit and we may not have a strawberry industry next year", according to the West Australian site. [Full Article...]

China may reject new trade talks if more tariffs imposed

The trade tiff has yet to be felt in USA markets as the tariffs, which now are set at 3.8 per cent, may rise to just 10 per cent, which most companies can handle in a growing economy, said Brian Nick, chief investment strategist at said on Monday he would announce his latest plan on China tariffs after the markets close. [Full Article...]

Aurora Cannabis shares rise on reported talks with Coca-Cola

Aurora Cannabis shares rise on reported talks with Coca-Cola Coca-Cola Co.is considering a line of beverages infused with the cannabis ingredient CBD, according to a report from BNN Bloomberg Television . "The space is evolving quickly", Coca-Cola spokesman Kent Landers told Bloomberg News . [Full Article...]

USA will fail to achieve zero oil exports target: Iran

USA will fail to achieve zero oil exports target: Iran Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt crude imports from Tehran , US Secretary of State Mike Pompeo said last week in New Delhi after a meeting of high level officials. In August, rising output in Libya , Iraq , Nigeria and Saudi Arabia offset declines in Iran , which is about to face new US sanctions that are already hurti... [Full Article...]

Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence

Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence When Florence makes landfall, sometime Friday night or Saturday morning, according to the U.S. National Hurricane Center, it appears likely that it will have weakened to a strong category 3 storm, but it is still expected to bring with it a triple threat of blasting winds, torrential rainfall and a potentially devastating storm surge. [Full Article...]

Pot-smoking Canadians to be barred from US

Pot-smoking Canadians to be barred from US In the meantime, workers in Canada's cannabis sector should stay away from the US border until they find a new job, said Levitt. Should a traveller admit to past use, he will be found to be "inadmissible" to the U.S. He noted that investors from countries like Israel have been denied entry into the U.S. "It's going to be a real issue for employers and a much bigger issue for employees, w... [Full Article...]

Luxury Retailer Henri Bendel Closing All Stores

Luxury Retailer Henri Bendel Closing All Stores Bendel opened its doors in New York's Greenwich Village in 1895, expanding into its current Fifth Avenue flagship in 1913. L Brands Inc., which acquired the brand in 1985, said that the 23 Bendel stores will turn out the lights in January. [Full Article...]

Probe as Australia strawberries sabotaged with needles

At least one person claims to have inadvertently swallowed one. A Coles customer found pins sticking from the sabotaged fruit after purchasing the punnet from a supermarket in Engadine in Sydney's south on Friday. "Whereas we would normally be selling 30 tonnes a day of locally grown strawberries to WA markets, it has dropped to 20 tonnes". This week, Jamie Michael, head of the Western Austra... [Full Article...]

India Will Import US Crude Oil; Will Not Replace Iranian Oil Imports

India Will Import US Crude Oil; Will Not Replace Iranian Oil Imports Inventories at the Cushing, Oklahoma, delivery hub for USA crude futures, located in the PADD 2 or the Midwest, fell 1.2 million barrels, EIA said. He also warned of the impact of United States sanctions against Iran: "This is a huge uncertainty on the market - how countries, which buy nearly 2 million barrels per day of Iranian oil, will act". [Full Article...]

Turkish leader Erdogan criticizes central bank’s rate hike

Turkish leader Erdogan criticizes central bank’s rate hike The lira has lost roughly 40 percent of its value against the USA dollar this year, and its inflation rate sits at about 18 percent . The bank said that inflation developments pointed "to significant risks to price stability" due to the recent fall in value of the lira. [Full Article...]

USA companies in China are ‘suffering’ in trade war, survey says

USA companies in China are ‘suffering’ in trade war, survey says Roughly three-in-four firms surveyed said duties on an additional $200-billion worth of Chinese goods would hurt business further, and close to 70 per cent said additional retaliatory Chinese tariffs would be bad for business. Zoom out from the automotive sector, and more than 60% of American companies in China said they have been affected by the tit-for-tat spat. According to Dow Jones wires,... [Full Article...]

Bezos rips Trump for ‘dangerous’ attacks on the media

Bezos rips Trump for ‘dangerous’ attacks on the media Amazon has said Sanders' statements about the company were "inaccurate and misleading". It seems that Bezos is attempting to quell that chatter as he announced the launch of the Day One Fund in order to start preschools and assist homeless families. [Full Article...]

Carney to remain as Bank of England governor until 2020

Carney to remain as Bank of England governor until 2020 The extension was agreed in an exchange of letters between the governor and the chancellor published on Wednesday. To view the full article, register now. Carney has already extended his term once at the Bank in a move to ensure continuity through the Brexit negotiations. Anthony Gillham, head of investments at Quilter Investment, commented: "If Carney's tenure is extended he will have his wor... [Full Article...]

Loosen protections on dairy sector, New York Republican says — NAFTA talks

Loosen protections on dairy sector, New York Republican says — NAFTA talks But a leader of this country's main milk-producing lobby group said Monday his industry has given enough in previous trade deals and will not tolerate more concessions. "There is not going to be a deal - period - unless there is a compromise in that area because that is what he campaigned on and it's stuck to him and he's stuck with it", Mulroney said. [Full Article...]

5 reasons Obama can't take credit for economy

5 reasons Obama can't take credit for economy Yet, something is not quite adding up. Wilson, who worked in the State Department under Dick Cheney and was a campaign strategist for Rudy Giuliani, spoke about his new book, ["Everything Trump Touches Dies: A Republican Strategist Gets Real About the Worst President Ever,"]( //www.amazon.com/dp/dp/1982103124/?tag=saloncom08-20) on "Salon Talks". [Full Article...]


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