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Economy

President Donald Trump surprisingly announced his intention to help the beleaguered Chinese company which we covered here last month . Under President Donald Trump 's administration, ZTE's status as a Chinese multinational has also put it in the fray of a larger trade dispute between the us and China .
  • 'Rajoy dethroned: new era ahead for Spain and Catalonia'

    'Rajoy dethroned: new era ahead for Spain and Catalonia'

    Economy

    That will mark the end of special controls from Madrid that were imposed on the northeastern region after separatists passed a unilateral declaration of independence in October. The vote was carried by Sanchez' own PSOE party, which filed the motion and has 84 seats in the parliament, with the help of the leftist alliance Unidos Podemos, which holds 67 seats, and of several regional parties.
  • USA stocks tumble as Trump starts trade brawl against the world

    USA stocks tumble as Trump starts trade brawl against the world

    Economy

    Mr Fox said: "It's very disappointing that the United States has chosen to apply steel and aluminium tariffs. all in the name of national security". "We have a whole spectrum of potentially large investments in Canada but in the environment we have now there's no way to put those projects on the table", he said.
  • Oil prices fall as supply from top three producers set to rise

    Oil prices fall as supply from top three producers set to rise

    Economy

    To be certain of this, Saudi Arabia keeps advocating for the reduction of oil production from the Organisation of Petroleum Exporting Countries ( OPEC ), which for the first time, have been really effective through various agreements signed among the OPEC member states.
  • Canadian government to buy troubled Trans Mountain pipeline

    Canadian government to buy troubled Trans Mountain pipeline

    Economy

    Canada has announced it will purchase the Trans Mountain pipeline from developer Kinder Morgan to ensure it is completed. In April, Kinder Morgan suspended non-essential spending on the project. Crey wasn't completely surprised either by the bailout decision announced by Liberal government Ministers Bill Morneau and Jim Carr. Members of the ongoing protest groups Protect the Inlet ( the watch house ), Camp Cloud and the Justin Trudeau Brigade all indicated they would continue to ...
  • Kerala CM Pinarayi Vijayan announces Re 1 cut in fuel prices

    Kerala CM Pinarayi Vijayan announces Re 1 cut in fuel prices

    Economy

    Businesses affected by fuel price revisions including large fleet operators, petrol pump owners, refineries and oil marketing companies could make use of these to reduce their losses. Meanwhile, diesel is priced at Rs. 69.34 in Delhi, Rs. 73.82 in Mumbai , Rs 71.88 in Kolkata and Rs.73.21 in Chennai. Prices vary from state to state depending on local sales tax or VAT.
  • FBI Issues Warning After Russia Malware Attacks: 'Reboot Your Routers'

    FBI Issues Warning After Russia Malware Attacks: 'Reboot Your Routers'

    Economy

    Also, Network devices should be upgraded to the latest available versions of firmware. The bureau announced on Friday that the VPNFilter malware is targeting small office and home office routers. VPNFilter is able to render small office and home office routers inoperable. It can also collect information that passes through the router. Among the affected networking equipment it found during its research were devices from manufacturers including Linksys, MikroTik, Netgear and TP-Link.
  • Starbucks to close over 8000 stores for employee anti-bias training

    Starbucks to close over 8000 stores for employee anti-bias training

    Economy

    The session will take place in stores and offices and about 8,000 company-owned stores will close for the event. Many of the Starbucks locations in airports, on college and private business campuses and within grocery and other retail stores will remain open for regular hours Tuesday.
  • 2 bodies recovered from Godavari — AP boat capsize

    2 bodies recovered from Godavari — AP boat capsize

    Economy

    The ill-fated boat was on its way to Rajamahendravaram from Kondamodalu when tragedy struck. Ferry disasters occur frequently in India, often because of overcrowded boats or poor maintenance. Divers went down to the bottom of the river bed and tied ropes to the capsized boat while the personnel on the shore pulled the ropes, with their bare hands, and recovered some trapped bodies inside.
  • Senate passes measure repealing changes to net neutrality rules

    Senate passes measure repealing changes to net neutrality rules

    Economy

    Senate Democrats successfully passed a resolution reversing the Federal Communication Commission's hotly contested repeal of net neutrality rules , at the very least giving their party a potential rallying issue for the 2018 mid-term elections with the Republican-controlled House being unlikely to take the measure up.
  • Elon Musk Says Tesla Model S Crash Media Coverage Is 'Messed Up'

    Elon Musk Says Tesla Model S Crash Media Coverage Is 'Messed Up'

    Economy

    Morgan Stanley automotive analyst Adam Jonas, one of Teslas biggest bulls, has dropped his price target for Elon Musk's electric auto company from $376 to $291, below the company's trading price at the close of market on Monday. Over the past two months, federal officials have opened investigations into at least two other crashes involving Tesla vehicles. "It is not a self-driving system", Musk said.
  • Pakistan condemns use of force against Palestinians

    Pakistan condemns use of force against Palestinians

    Economy

    Amidror, in a conference call put together by the Israel Project, was referring to the decision of both those states to recall their ambassadors following Monday's bloody events in the Gaza Strip . On Friday, some demonstrators entered and attacked the Garden of Peace, the main crossing channel for food and fuel to the Palestinians. Consequently, the country was invited to a January 3 USA reception for United Nations member-states that did not vote in the resolution.
  • Cashier-less store coming to IL

    Cashier-less store coming to IL

    Economy

    Amazon confirmed its plans for the two cities in a statement to CNNMoney. In February, real-estate tracker Curbed took note of a building permit for construction of a 625-square-foot Amazon store in Chicago's Loop district. Customers use an app called "Go" to enter the store. For taking up the advantage of shopping in the Seattle store, customers need to first download the Amazon Go app and link it to a payment method.
  • Salma Hayek speaks frankly about Harvey Weinstein and #MeToo at Cannes

    Salma Hayek speaks frankly about Harvey Weinstein and #MeToo at Cannes

    Economy

    The disgraced mogul contested her claim, with Hayek insisting it was part of a ploy by his lawyers to try to discredit the "women of colour who complained about him". At the Cannes film festival American actress appeared in a blue dress with a deep neckline accentuating her ample bosom. During a career talk at the festival, she also said the current backlash against sexual harassment in the film industry meant "men are terrified".
  • Home Depot delivers mixed 1Q results

    Home Depot delivers mixed 1Q results

    Economy

    The Home Depot ( NYSE :HD) last issued its quarterly earnings results on Tuesday, May 15th. Now it had 31,373 shares held by the institutional investor. Mackenzie reported 0.03% of its portfolio in CIT Group Inc. Its down 0.21, from 1.14 in 2017Q3. A number of other institutional investors have also made changes to their positions in the stock.
  • Gap apologizes for China map T-shirt after backlash

    Gap apologizes for China map T-shirt after backlash

    Economy

    The Gap shirt, which was sold in overseas markets, features a map of China, but Taiwan does not appear to the southeast of the country, according to a photo of the company's online store posted on the Twitter account of the official People's Daily newspaper.
  • S.Korea's April Iranian crude oil imports fall 12.1 pct y/y

    Economy

    Much of the Iran's oil exports head to Asia now, with over than 1.5 million barrels per day sent to the likes of China , Japan, South Korea, and India . But Saudi Arabia could still keep supply constrained as it needs higher oil prices to fund its government. The tightening market has all but eliminated a global supply overhang which depressed crude prices between late 2014 and early 2017.
  • Iran, EU try to save nuclear deal

    Iran, EU try to save nuclear deal

    Economy

    The foreign ministers of the three European powers will meet their Iranian counterpart in Brussels on Tuesday to discuss a way forward. "We agreed over the importance of full implementation of the nuclear deal. While announcing his exit decision, Trump said the United States will impose "the highest level" of economic sanctions on Tehran, adding "any nation that helps Iran in its quest for nuclear weapons could also be strongly sanctioned by the United States".
  • Oil prices soar as USA exits Iran nuclear deal

    Oil prices soar as USA exits Iran nuclear deal

    Economy

    Market also continue to weigh a steady increase in USA production levels as the rise in US drilling marked one of the few factors pressing back crude/fuel prices. Peek acknowledged there are some "diplomatically tactical disagreements" with Europeans, but said those differences could be overcome. Trump pulled the US out of the 2015 accord on Tuesday.
  • Robocaller hit with $120M by FCC

    Robocaller hit with $120M by FCC

    Economy

    Robocalls are automated telemarketing calls that the FCC considers illegal, unless the recipient agrees to be called. Most would dissolve after one year, and Abramovich was the sole director in almost every case, the FCC said . He denied engaging in "fraudulent activities" and said "it was always my intent with the FCC to negotiate toward an appropriate fine within my ability to pay such an amount".