Money

Donald Trump threatens China with additional tariffs

In a statement , Mr Trump said he has an "excellent relationship" with Mr Xi, "but the United States will no longer be taken advantage of on trade by China and...


Oil ministers back output hike despite Irans walkout

Iran's oil minister, Bijan Namdar Zanganeh, questioned this week whether OPEC is united enough to reach any agreement, and said Trump had politicized the ...


Government reassures European Union citizens over right to remain

Williams admitted that "in any scenario, Brexit has severe negative consequences for the United Kingdom aerospace industry and Airbus in particular". "The eno...


China threatens to go after Dow index giants next in trade war

After being deferred, the duties on steel and aluminium went ahead on 1 June and affect the EU, Canada , Mexico and other close usa allies. The EU does not r...


European Union to begin counter trade tariffs against United States on Friday

Canada also promised retaliatory tariffs worth $12.8bn on United States products including steel, aluminium, whiskey and orange juice. The EU is just regio...


Oil prices climb on uncertainty over possible rise in OPEC output

The pan-European FTSEurofirst 300 index lost 0.93 percent and MSCI's gauge of stocks across the globe shed 0.63 percent. Emerging market stocks lost 1.04 per ...


India notifies higher tariffs on US imports

According to the government notification, duty hike would come into effect immediately for 28 products, while for artemia, a kind of shrimp, the rate hike wou...


Interest rates held by Bank of England

Today's result lifted the pound and is likely to see borrowers face higher costs on new mortgages, as lenders hike prices in anticipation of a base rate rise to...


Intel CEO resigns after "consensual relationship" with employee

The company says it has begun the search for a permanent CEO, and will consider both internal and external candidates. In this #MeToo era, corporate America i...


Angela Merkel 'handed ultimatum' over immigration

Macron also said Paris and Berlin wanted agreements that would allow European Union member states to reject at their borders asylum seekers already registered...


European business lobby says time is running out for China's reforms

Global stock markets skidded Tuesday after President Donald Trump threatened to put tariffs on another $200 billion in imports from China, and the Chinese gov...


Audi chief arrested over emissions

Stadler has been under fire after Audi too admitted in November 2015 that it also installed illegal "defeat device" software to cheat U.S. emissions tests. St...


Saudi Arabia struggles for Gulf oil producers' support

India, which is the world's third-biggest oil consumer and importer, on Wednesday urged OPEC nations to fill a supply gap and ensure sustainable oil prices as...


Telstra hit by another mobile phone outage

Despite the string of outages, Telstra networks group managing director Mike Wright has previously rejected calls for all customers to be compensated, and said ...


Australia's Telstra to slash 8,000 jobs in cost-cutting drive

Michael McCarthy at CMC Markets said the restructuring plan may not be enough to please investors in Telstra , whose share price has nearly halved in the past ...


German automakers offer to end EU's tariff's on U.S. autos

The EU has also filed a case contesting the legality of the USA tariffs with the World Trade Organization. The EU tit-for-tat tariffs will hit about 200 USA p...


Amazon’s Alexa is coming to Marriott hotel rooms

Regis Hotels & Resorts, Aloft Hotels, and Autograph Collection Hotels starting this summer. The idea here is that guests will be able to ask Alexa for specifi...


Starbucks Plans To Close 150 Stores Next Year

The company anticipates lower net new store growth in the United States for fiscal 2019 and said it would address rapidly changing consumer preferences by int...


Disney tops Comcast with $71.3 billion deal for Fox

Rupert Murdoch's 21st Century Fox Inc.is leaning toward starting negotiations with Comcast Corp., paving the way for a bidding war over its entertainment asse...


Xi can make life hard for USA companies after Trump threat

China denies such theft and accuses Washington of "deviating from the consensus reached by both parties". Although Mr. Trump's audience applauded his commen...