Sunday, 17 February 2019
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Harley-Davidson moves European production out of U.S.


Those duties served as the bloc's response to Trump's imposition of steel and aluminum tariffs on European Union, which the president justified under specious "national security" grounds. It's not like Harley-Davidson only manufactures its products in the USA right now, though. Harley-Davidson said that shifting targeted production from the global facilities could take at least nine to 18 months to be completed. Read More »

Hot Dog Water Sold For $38 At Vancouver Street Festival


The tent selling unfiltered " Hot Dog Water " - literally a bottle of water with a wiener floating inside - for $37.99 a pop included some promising, if not dubious, claims. If you ever needed proof that people will pay big money for anything deemed "healthy", this is it: An artist in Vancouver sold hot dog water at a recent street festival for $38 a bottle - and people bought it. Read More »

Thousands march in London over Brexit


Marking the second anniversary of the Brexit vote, an estimated 50,000 protesters, including politicians and lawmakers, joined the People's Vote march to the Parliament Square in London on Saturday, in the hope of stopping Brexit. Sir Vince is expected to say Brexit is not a "done deal" or inevitable and can be stopped. Some demonstrators Saturday explained they were not necessarily against Brexit but wanted citizens to have another vote on any final deal that Prime Minister Theresa May ... Read More »

9000 barrels of aging bourbon crash to ground after collapse in Kentucky


Milt Spalding, information officer for Nelson County Emergency Management, said they don't know what caused the collapse and the cause is still under investigation. The distillery is owned by Sazerac. The distillery, located in Bardstown, Kentucky near Louisville , had a large section of its storage fall to the ground, sending thousands of barrels tumbling. Read More »

Rats chew through £13,000 in cash in India


Police said the ATM had been broken down since May 20 for what was thought to be a technical problem, but technicians didn't attempt to fix it until June 11 and the shredded cash was reported to investigators on June 14. When bank technicians in India were finally summoned to investigate why an ATM (automated teller machine) had not been working for days, they began to smell a rat. Read More »

GBP: Bullish Momentum Aided by Hawkish Bank of England


His vote for a rise was added to those of Ian McCafferty and Michael Saunders and that decision was the first time that he has voted against the majority since he became an MPC in 2014. There's still a lot of data points to come between now and August's meeting, so that will be the ultimate driver of rate hike expectations regardless of the voting pattern yesterday. Read More »

Greece creditors agree on deal


Euro zone finance ministers reached an agreement on debt relief for Greece on Friday to smooth out the return of Athens to market financing after eight years of living mainly on loans from euro zone states. Greece had already got some 275 billion euros (£232 billion) in financial support from its global creditors over the past eight years. Alexis Tsipras said the measures render Greece's debt sustainable, exceed market expectations and repay a "moral debt" to the Greek people for its long ... Read More »

MoviePass will charge extra $2 for every big opening weekend movie


But if you've paid for a year's subscription to MoviePass upfront, don't worry: Lowe said these subscribers would not be subjected to the new pricing policy. On Wednesday, AMC Theatres amped up the movie subscription rivalry it has with MoviePass by announcing AMC Stubs A-List, a $20-a-month service that lets you see three movies per week. Read More »

Take your dog to work at these companies


Pup finally gets to see where you go all day when you leave him or her behind. It's always celebrated on the Friday following father's day. Make sure the office is a safe space for your pooch with no exposed wires for them to chew on. While the pros of having a dog in the office seem to outweigh the cons, there are several things to consider before bringing your dog to work. If Take Your Dog to Work Day isn't for you, today is also Chocolate Éclair Day, HVAC Tech Day and Onion Rings Day. Read More »

INTERNATIONAL - Europe ends Greece's 8-year bailout saga


Greek 10-year bond yields fell 8 basis points to a four-week low at 4.23 percent, while five-year bond yields fell 10 bps to 3.40 percent - their lowest level in nearly four weeks. The third and current bailout , involving €86 billion and starting in 2015, is scheduled to end on August 20. Greece will have cash to cover it for two years, during which time it will try to start raising money on bond markets. Read More »

Thousands take to London's streets demanding final say on Brexit

Victoria Lewis, 55, a maths teacher from Brighton who wore a blue T-shirt that read "Citizen of Europe", came out to rally "because I have three children and they need to be part of Europe". "We don't want to do that, never have", he said. "We voted for Brexit". "We didn't know about the cost of the divorce bill, about the fact that we'd have less not more revenue for the NHS, we didn't know about the Irish frontier problem". Read More »

Supreme Court Rules In Internet Sales Tax Case


It has to do with the way states collect taxes from internet sales. "The old physical presence rule created these pockets where businesses were structuring and locating in states where they didn't have a lot of sales so they could sell online and sell across the border, not having to collect sales tax", North Dakota Tax Commissioner Ryan Rauschenberger said . Read More »

Trump threatens 20pc tariff on all imported European Union cars


The president's latest Twitter post claims the U.S. will impose a 20-percent tariff penalty on European imports if the EU's own tariffs and barriers on USA goods are not "soon broken down and removed". Although American goods already in the United Kingdom will not increase in price overnight, shipments leaving the USA for Europe from Friday onwards will be charged the tariffs. Read More »

'The Holy Grail' of Cars: Rare Ferrari 250 GTO to Be Auctioned


Auctioneers RM Sotheby's said on Wednesday that the red Ferrari was one of just 36 examples of the 250 GTO model built by the famed Italian vehicle maker. Experts predict it will fetch 45 million dollars. In 1963, no doubt helped by his racing success, Lualdi-Gabardi secured a brand new 250 GTO in 1963, selling #3413 to new owner, Gianni Bulgari of Bulgari jewelry company fame. Read More »

Saudi Falih sees slowdown in United States oil output boom


Iran had bridled at complaints on Twitter by US President Donald Trump that the cartel was artificially inflating oil prices , which touched $80 a barrel last month. The correction in prices have been a continuing trend since May 23, when prices breached the $80 mark after the announcement of new U.S. sanctions on Iran and ongoing supply disruptions in Libya and Venezuela. Read More »

Opec agrees modest hike in supply after Saudi Arabia-Iran compromise


Saudi Arabian Oil Minister Khalid al-Falih talks to journalists before the Opec meeting in Vienna on Friday. In earlier reports on the swap deal, an Iraqi oil official had said the initial flow of Kirkuk oil to Iran would be 30,000 bpd , but could rise to 60,000 bpd within a year-the initial duration of the deal-which the sides agreed could be extended. Read More »

OPEC to boost oil production by 1 million barrels per day

Oil hit almost $80 per barrel last month, sending gasoline prices in the United States above $3 per gallon in many areas for the first time in years. Some analysts note that while Trump has blamed OPEC, his policies have also helped increase the cost of oil by, for example, limiting exports from Iran. Read More »

Supreme Court ruling could have huge impact on Texas economy

South Dakota has estimated it loses up to $50 million a year in sales tax on online purchases; a 2017 report from the federal government found that USA states collectively miss out on as much as $ 13 billion in unpaid tax on internet sales, according to Reuters . Read More »

Trump threatens tariff on all European cars


Cecilia Malmstrom, the EU's trade commissioner, acknowledged that the European Union had targeted some iconic American imports for tariffs, like Harley-Davidson motorcycles and bourbon, to "make noise" and put pressure on US leaders. "This response by the European Union is adequate, it is proportionate and it is reasonable". Beijing has vowed to immediately retaliate with its own tariffs on US soybeans and other farm products in a direct shot at Mr. Read More »

OPEC agrees modest hike in oil supply after Iran softens stance


Meanwhile, production in the United States remains high. The latter would be extremely unlikely, though, as Saudi Arabia is all but certain to block it. The 14-nation OPEC and its 10 non-member partner nations, known as OPEC+, are in the midst of an agreement that runs through the end of the year, under which they have trimmed production by 1.8 million barrels per day. Read More »

After India, now European Union slaps additional tariffs on the US


What happens in this regard is a possibility of trade diversion. Which means even if we are not exporting to the United States directly, we may as well be exporting indirectly by sending our primary products which are commodities and raw materials indirectly to the to the United States through Europe, India or China. Read More »

Trump's policies have caused high oil prices


The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other producers outside Opec, including Russian Federation. During the meeting, the group is expected to raise crude output after more than a year of cutting it to stabilize once-falling prices. Most of the shortfall has come from Venezuela , where an economic crisis has savaged the nation's petroleum production. Read More »

China may have 'underestimated' Trump's resolve


US stock markets fell sharply Tuesday, with investors increasingly nervous about the impact of the escalating fight. Elsewhere, the S&P 500 lost 26 points to 2,747 while the tech-laden Nasdaq fell close to 87 points to 7,660. Futures on main euro zone benchmarks were trading down 0.2-0.5 per cent as investor angst about the outlook for economic growth filtered through to European stocks. Read More »

Audi boss arrested over diesel scandal


The executive was arrested at his home in Ingolstadt in the early hours of Monday, they said . Rupert Stadler was detained because investigators anxious that he might seek to suppress evidence in connection with the investigation, Munich prosecutors said. Read More »

EU to impose duties on US imports after Trump tariffs

EU countertariffs on a list of USA products would come into force on Friday, the European Commission said Wednesday. "We did not want to be in this position". The former reality TV star is fighting a trade war on multiple fronts, with China also promising swift retaliation after the U.S. threatened to impose levies on a further £151bn ($200bn) of Chinese goods. Read More »

Crypto Exchange Bithumb Halts Withdrawals Amid $31 Million Hack


Bitcoin bulls give a blind eye to the woes of Bithumb exchange. Following the attack, Bithumb has stored all assets in "safe cold wallets", according to Reuters . It has fallen roughly 70 percent from its all-time peak hit around mid-December 2017. Hyper-wired South Korea has emerged as a hotbed of trading in virtual units, at one point accounting for some 20 percent of global bitcoin transactions - about 10 times the country's share of the global economy. Read More »