Thursday, 18 April 2019
Latest news
Home » Economy


Joey Chestnut Wins 11th Nathan's Famous Hot Dog Contest


Joey Chestnut and the world's other top competitive eaters are chasing more than just bragging rights at the 2018 Nathan's Hot Dog Eating Contest on Coney Island in NY on Wednesday. He holds the record with 73.5 hot dogs eaten in 10 minutes in a 2016 qualifier. All other competitors simply couldn't keep up, and Chestnut opened up a double-digit lead about halfway through the 10-minute race. Read More »

China issues warning for citizens travelling to US


Zhang Gang, analyst at Cental China Securities warned that investors remain "worried that the US-China trade tensions could further escalate". President Donald Trump last month imposed a 25 percent tariff on $50 billion of goods from China, which the administration said was "in light of China's. Read More »

Trump’s tariffs will lead to a ’smaller GM’, automaker warns


Chamber of Commerce, the largest business group in the country, said in a new study . The Commerce Department is investigating tariffs on cars and auto parts from the European Union and other trading partners on the grounds of national security under orders from US President Donald Trump . Read More »

Chairman of Chinese conglomerate HNA Group dies in accident in France


One of HNA's dollar bonds due in 2018 fell 1.5 cents on the dollar, the biggest drop since December 12, as of 4:59 Hong Kong, according to Bloomberg prices. No further details of the circumstances surrounding Wang's death were given. Regional French media outlet France Bleu said Wang fell a dozen or so metres while taking photos on a high wall in Bonnieux, a town in a region famed for its panoramic views. Read More »

Canada starts retaliatory tariffs on US goods


The report cited people involved in discussions with the president. Purdue acknowledged that Trump was right to be point out the flaws in US trade policy and make sure that America gets a fair shake on a global scale when it comes to trade agreements. Read More »

Hyundai, Fiat merger on cards


One caveat with that, however, is that Hyundai CEO Mong-koo is 80 years old, so retirement is looming. Despite previous talks of a tie-up with Hyundai past year that was dismissed by both parties as being a potential technical partnership, Hyundai said the latest gossip is unfounded. Read More »

China tariffs: What's behind them, who stands to be hurt?


Japan's government has warned in a report that a higher US tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for USA consumers and devastating the USA and global economy. Read More »

Mexican president-elect reaches out to Trump, seeks NAFTA deal


Since 1929, the Mexican leader has been from one of two parties: the PAN or the PRI. He won the biggest share of the vote in a Mexican presidential election since the early 1980s, giving him a strong mandate to address Mexico's domestic problems and face external challenges, such as US tariffs. Read More »

Saudi cabinet says ready to use spare oil capacity as needed

An Indian official says his country, which imports 400,000 barrels per day of Iranian crude, would only recognise multi-lateral sanctions, rather than unilateral sanctions. Iran shipped out over 2 million barrels per day of oil previous year, with Asia taking almost three quarter of the supply and the remainder heading to Europe. Read More »

Walmart draws fire for 'Impeach 45' T-shirts


As counter-protestors pointed out on social media, also offers MAGA products for sale. Walmart became the target of Trump supporters outraged by a T-shirt sold on the company's website, leading to calls for a boycott Tuesday. Read More »

Merkel Finally Agrees to Tighten Up Immigration Policies - Cortney O'Brien


A position paper by the Austrian chancellor, Sebastian Kurz, and his deputy, Heinz-Christian Strache, of the far-right Freedom party, quoted in Austrian media on Tuesday, said: "Should this agreement form the position of the German government, then we will see ourselves forced to take actions to avoid disadvantages for Austria and its population". Read More »

Mexico's Lopez Obrador says wants referendum after three years


Donald Trump said he believes he will have a good relationship with the new Mexican President. "If there is any change, I think it's going to be for the worse". Long before those official results began to emerge, exit polls had showed Lopez Obrador so far ahead of his two main rivals that they conceded defeat - and congratulations had begun to pour in from foreign leaders, including Donald Trump. Read More »

Facebook Admits to Sharing User Data With 52 Tech Firms


Partners included Apple , BlackBerry, Amazon , Microsoft , and Huawei . Facebook shared user information with 52 hardware and software makers, including some based in China, under agreements created to make its social media platform work more effectively on mobile devices, the company said in information furnished to Congress late Friday night. Read More »

US Economy Could Lose $14B Over Auto Import Tariffs

The US leader had already threatened to impose tariffs on cars imported from the European Union , in response to the bloc's retaliatory tariffs last week on popular US products including jeans, bourbon and motorcycles. The Commission said global retaliation against U.S. tariffs on auto imports would have a much bigger impact on the American economy than the backlash provoked by the Trump administration's steel and aluminum tariffs this year. Read More »

Trump issues WTO warning in meeting with Dutch leader

I think the Dutch Prime Minister's shock and bewilderment at the mainstream media's behavior mirrors the reaction of the average, non-highly partisan American. "TRUMP: "- just think about those cars that pour in here". TRUMP: "The EU... If we do work it out, that will be positive". The Netherlands' leader will be at the White House amid trade tensions involving the United States and a number of allies. Read More »

Tesco and Carrefour join forces to keep prices down


Tesco and Carrefour expect to formally agree the alliance within two months. Jonathan Buxton, head of Consumer and Retail at M&A advisory group Cavendish Corporate Finance, said the partnership was created to contain discounters, defend margins and counter any future move by Amazon. Read More »

Leftist Lopez Obrador Wins Mexico's Presidential Election


Voters decided in their millions to turn their backs on the two parties which have ruled Mexico for nearly 100 years, and finally give him a chance - sending his supporters into a frenzy. Mr Trump has congratulated the President-elect on his victory and tweeted he was looking forward to working with him and the pair have had a lengthy phone conversation. Read More »

WTI crude prices may reverse if it closes below $64/bbl


Prices have also increased due to the persisting US-backed troubles in Venezuela, as well as with the unrest in Libya over control of that country's oil infrastructure. In recent weeks, worries about declining oil exports from Iran have been pushing up oil prices . He did not specify if the figure was barrels per day (bpd), the normal measure for oil production. Read More »

Moog warns that Trump trade tariffs pose a threat to its business

EU officials also said around 60-percent of USA -made cars of European brands are exported into third countries, which benefits the US economy. And while some businesses say they're preparing for the worst in cities and towns across the United States, it appears China is trying to keep news of trade escalations from its citizens. Read More »

Want To Start An Amazon Delivery Business? What To Know


On Thursday, June 28, 2018, the world's leading e-commerce giant announced plans for entrepreneurs to launch their own delivery businesses for Amazon. Amazon is also recommending/ endorsing fleet insurance, industrial-grade hand-held devices that drivers would carry, fuel card programs, uniforms, and more. Read More »

Dell Technologies To Go Public Again


VMware said it would remain an independent, publicly listed software company, with "improved alignment between Dell's economic and ownership interests" in VMware. DVMT has nearly doubled since the stock was issued, closing at $84.58 on Friday, and they were up 8 percent at 9:38 New York Monday. "We are grateful to Michael and his management team at Dell Technologies and VMware for their extraordinary performance that has preceded this transaction, which will enable the company to ... Read More »

LeBron James honored in Cleveland newspaper


He will sign a 1-year, $4.5 million deal, a little bit more than he was set to make in IN, according to ESPN's Chris Haynes . For the last few years, the Los Angeles Lakers have fallen on some hard times. 8 pick in the NBA Draft and have most of its core outside of James, of course, locked up. The team was projected to have a little under $50 million to hand out. Read More »

European Union warns Trump that auto tariffs could lead to $300B retaliation

Amid escalating transatlantic trade tensions, the European Union has sent a strong warning to US President Donald Trump about the real costs of putting tariffs on cars. The campaign will use "state-by-state analysis" to "argue that Trump is risking a global trade war that will hit the wallets of USA consumers", Reuters reports. Read More »

Oil falls as Saudi, Russian output rises


He hopes that will keep prices low - and motorists happy with cheaper fuel - as he tries to force the Iranians out of the market. Earlier this year, to the chagrin of European partners, Trump said he would pull the United States out of the Iran nuclear agreement secured by world powers. Read More »

Tesla finally hits weekly production target for Model 3 cars


Amid a cash crunch, Tesla has focused on Model 3 options with sticker prices in the $65,000+ range, as opposed to the more affordable $35,000 base model, which it has yet to begin building. June was turbulent for Tesla. One worker told Reuters that, to meet the goal, employees from other departments were dispatched to parts of the Model 3 assembly line to keep it running constantly, and breaks were staggered "so the line didn't stop moving". Read More »

Corona beer maker Constellation misses quarterly profit estimates


Oregon Public Employees Retirement Fund stated it has 41,162 shs. 24,718 were accumulated by Howe And Rusling. Ltd. cut its position in Constellation Brands, Inc . On Monday, April 2 RBC Capital Markets maintained the shares of STZ in report with "Buy" rating. Michael R. Weisberg decreased its stake in Constellation Brands Inc (STZ) by 25.84% based on its latest 2018Q1 regulatory filing with the SEC. Read More »