Business

Trump defends deal with Mexico to stem migrant flows, prevent tariffs

Trump defends deal with Mexico to stem migrant flows, prevent tariffs The Department of Homeland Security said this week that USA apprehensions of migrants illegally crossing the border in May hit the highest level in more than a decade: 132,887. His criticism of Mr Trump's tariffs reflects wider misgivings about the United States going it alone. The US president had always been insisting that Mexico is " sending " migrants across its northern border and does li... [Full Article...]

Global oil prices to swing amid trade tensions, changing US, OPEC supplies

Global oil prices to swing amid trade tensions, changing US, OPEC supplies The nation's output target under the OPEC-led pact is 10.3 million bpd. As if to suggest Thursday's gains were a temporary reverse of a relentless downward trajectory, Andrew Lipow , president of Lipow Oil Associates , pointed out that "The ongoing friction between the us and China , the USA and Mexico and the us and others on the trade front is really having a negative impact on the senti... [Full Article...]

$530M winning Mega Millions ticket sold in San Diego

$530M winning Mega Millions ticket sold in San Diego It's now up to $530 million, the seventh largest jackpot in the game's history and it's only expected to rise. The $530 million top prize is the 7th biggest in the 17-year history of Mega Millions and the 15th largest in USA lottery history. [Full Article...]

Walmart’s new grocery home delivery service gives customers unique option

Walmart’s new grocery home delivery service gives customers unique option The retail giant just announced plans to launch their InHome service starting this fall, where employees will not only deliver groceries to customers after an online order, but bring them right inside the purchaser's home and put them away in their kitchen. [Full Article...]

Microsoft and Oracle Forge Cloud Partnership to Take on AWS

Microsoft and Oracle Forge Cloud Partnership to Take on AWS The vendor has improved cloud services since its debut, but Oracle needed focus on its partner ecosystem, Gartner said in the 2018 IaaS Magic Quadrant . Bound together personality and access management, by means of a brought together single user involvement and robotized client provisioning, to oversee assets crosswise over Azure and Oracle Cloud. [Full Article...]

Mexican officials try to stave off tariffs at White House

Mexican officials try to stave off tariffs at White House Vice President Mike Pence , monitoring the talks from his travels in Pennsylvania, said Thursday the USA was "encouraged" by Mexico's latest proposals but that, so far, tariffs still were set to take effect on Monday. Reports that a deal on migration between Mexico and the United States could be close pushed markets higher on Thursday. Trump imposed the tariffs on Mexico in order to persuade ... [Full Article...]

Fiat Chrysler withdraws merger offer to Renault after Nissan balks

Then the great plan came crashing down, with Bloomberg News reporting in the small hours of Thursday that Fiat had withdrawn its offer. In a statement, Fiat alluded to the dispute and said it "has become clear that the political conditions in France do not now exist" for the deal. [Full Article...]

Global tech companies shun Huawei after U.S. ban

Global tech companies shun Huawei after U.S. ban The revision is to reflect "an uncertain future" resulted from the escalating trade war between the U.S. and China . Trump's move followed years of allegations that Huawei is linked to the Chinese government . The Chinese government's move to announce its own blacklist is causing concerns among global ICT companies as a lot of them have ties with Chinese companies in terms of technology de... [Full Article...]

Amazon will make deliveries by drone 'within months'

Amazon will make deliveries by drone 'within months' Attention shoppers: Your next Amazon delivery may come from the skies. " Amazon Prime Air plans to use the aircraft to establish a package delivery operation in the United States". "The distinctive aircraft is controlled with six degrees of freedom, as opposed to the standard four". These drones are part of the company's Prime Air program which the company has been testing in multiple global lo... [Full Article...]

Toyota warns that Mexico tariffs could raise costs by US$1 billion

Toyota warns that Mexico tariffs could raise costs by US$1 billion Mr. Trump, fair hours sooner than at a news conference in London with the British prime minister, Theresa May per chance, acknowledged he deliberate to switch forward with imposing tariffs on Mexican imports next week as fragment of his effort to stem the float of migrants crossing the southern border. [Full Article...]

Renault delays decision on Fiat Chrysler marriage proposal

Renault delays decision on Fiat Chrysler marriage proposal Fiat Chrysler's proposal last week for a 50-50 combination under a Dutch holding company is created to help the carmakers add scale, share costs and boost resources for tackling an expensive shift to electrification and autonomous driving. Nissan, for example, isn't exactly thrilled with the prospect that its fellow Alliance member would merge with FCA and has been protesting. Ghosn says the acc... [Full Article...]

Oil prices rebound on Saudi supply reassurances

Oil prices rebound on Saudi supply reassurances Analysts said the fall in crude oil futures was in tune with a weak trend in global market where it slipped on rising fears of a global economic slowdown, fuelled by intensifying tensions between the U.S. "China trade war has added further downside risks to already slowing economies". Sechin's new comments came as Russia's average oil output fell sharply on June 1-3 to 10.87 million barrels ... [Full Article...]

Huawei Pauses Production of Smartphones Amid US Blacklisting

Huawei Pauses Production of Smartphones Amid US Blacklisting Huawei sells about half its smartphones in China, according to Canalys . Companies that sell 25 or more percent USA -origin tech would come under the ban . The Trump administration may have found the most potent weapon yet in its campaign against Huawei Technologies Co.: the European consumer. Consumers are holding onto phones for longer. [Full Article...]

USA says China playing 'blame game' in trade battle

USA says China playing 'blame game' in trade battle China issued a travel warning for the us on Tuesday, saying Chinese visitors have been interrogated, interviewed and subjected to other forms of what it called harassment by USA law enforcement agencies. "Rather, the issues discussed are common to trade agreements and are necessary to address the systematic issues that have contributed to persistent and unsustainable trade deficits". [Full Article...]

Block.one unveils "Voice" blockchain-based social media platform

Block.one unveils EOS developers block.one have announced a new social media platform called Voice . The company also noted that it will launch the Voice platform on the EOS Public Blockchain. Today most of the networks that use the ESIO software are among some of the most used blockchain platforms in the world, with 70% of all blockchain activity attributed to it. [Full Article...]

Quest Diagnostics breach: almost 12 million patients may have been affected

The company said that actual lab results were not included on the affected system. AMCA first notified Quest on May 14 of "potential unauthorized activity" on its payment page, Quest said. One couple's quest to learn why their credit card was compromised nine times in seven years. Quest also hasn't been able to independently verify the information provided by AMCA so far, it said. [Full Article...]

Mexican President: Will Respond "Prudently" To Tariff Threat, We Want Dialogue

Mexican President: Will Respond Trump's tariffs and who they target European automakers next? "America has had enough!" he added . He also suggested the tariffs were an immigration issue, separate from the trade deal the United States is trying to negotiate with Mexico and Canada. [Full Article...]

Tesla opens bookings for made in China Model 3

Tesla opens bookings for made in China Model 3 The " standard range plus Model 3" is 49,000 yuan cheaper than China's current cheapest version, also standard range plus, even though it remains unclear whether the carmaker will qualify for China's subsidies for new energy vehicles . Prices and variant availability vary per region, like usual. Producing cars locally is likely to help Tesla minimize the impact of Sino-U.S. tit-for-tat impor... [Full Article...]

Dollar General Stock Rises on Impressive Q1 Results

Dollar General Stock Rises on Impressive Q1 Results Dollar Tree operated 15,264 stores across 48 states and five Canadian provinces as of May 4. I know for a fact I would have to contemplate what I would absolutely need to bring home and leave behind. Two of America's largest dollar store chains warned on Thursday that rising tariffs due to escalating trade tensions between Washington and Beijing would hit USA shoppers, after reporting strong qu... [Full Article...]

Google Cloud outage hits YouTube, Gmail and other sites

Google Cloud outage hits YouTube, Gmail and other sites A Google outage affected some services Sunday afternoon, including YouTube, Gmail , Snapchat and others. Google warned that users might see slow performance or intermittent errors while they fix the issue, which they believe will be soon as they have they have identified the root cause of the service disruption. [Full Article...]


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