Money

"Build Them Here": Trump Threatens 20% Duty On Cars Imported From EU

China, India and Turkey have already hit back with their own tariffs on USA imports. And the highest-stakes fight still looms: In two weeks, the United States is to start taxing $34 billion in Chinese goods. "Excluding agricultural products (generally more highly protected), the US tariffs are similar to those from Canada and the European Union, and higher than in Japan". [Full Article...]

Oil ministers back output hike despite Irans walkout

Iran had been expected to oppose any rise in crude output, but it has now signaled it may support a small increase. Brent reached a 3-1/2-year high above $80 a barrel last month but has fallen steadily in recent weeks as Saudi Arabia , de facto leader of OPEC , has signaled it intends to raise production to stabilize prices. [Full Article...]

European Union to impose duties on United States imports on Friday after Trump tariffs

European Union to impose duties on United States imports on Friday after Trump tariffs And the EU's trade chief Cecilia Malmstrom said she was "very worried" the row with Mr Trump could trigger a "full trade war". The big trade conflagration, however, is with China . Trump said he would then retaliate against any counterpunch from Beijing by targeting an additional $200 billion in Chinese products, and then yet another $200 billion if China refused to back down. [Full Article...]

Bearish oil seen ahead of OPEC meeting

Bearish oil seen ahead of OPEC meeting Shortly after, since the US shale production wasn't able to offset the production cuts that OPEC and non-OPEC nations made, oil prices rose significantly through 2017 up to 2018 and that made the Trump administration anxious about the effect of higher prices on Trump's political stance. [Full Article...]

USA places tech tariff on China, but smartphones are not affected

USA places tech tariff on China, but smartphones are not affected China said additional tariffs on 114 more USA items, covering chemical products, medical equipment and energy, will be announced later. "We must take strong defensive actions to protect America's leadership in technology and innovation against the unprecedented threat posed by China's theft of our intellectual property , the forced transfer of American technology and its cyberattacks on our... [Full Article...]

Euro suffers losses after European Central Bank bond-buying decision

Euro suffers losses after European Central Bank bond-buying decision Asian shares wobbled on Friday as investors braced for United States tariffs against China , while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump was planning to meet with trade advisers later to decide whether to activate the tariffs, a senior administration official said on W... [Full Article...]

Elon Musk’s Boring Company will build high-speed Chicago train

Elon Musk’s Boring Company will build high-speed Chicago train This undated artist's rendering provided by The Boring Company , shows part of a proposed high-speed underground transportation system that will transport passengers from downtown Chicago to O'Hare International Airport. The project will be entirely privately financed, Musk's company said. It received permits to start digging in Washington, DC , and in Los Angeles . [Full Article...]

AT&T’s Acquisition of Time Warner is a Done Deal

AT&T’s Acquisition of Time Warner is a Done Deal On Tuesday, US District Judge Richard Leon ruled against the government's attempt to block the megamerger on anti-competitive grounds. The DOJ had sued in November against the vertical merger, which involved two companies that don't directly compete with each other. [Full Article...]

Amazon expands Whole Foods Market discounts for Prime members

Amazon expands Whole Foods Market discounts for Prime members Gallo, President and Chief Operating Officer at Whole Foods Market. The perks program includes an extra 10% off sale items and rotating deals for members of Amazon's $119-a-year Prime membership. Prime Members should be aware, however, that in order to access these deals, they'll need to link their Prime account to the Whole Foods mobile app. [Full Article...]

AT&T, Time Warner Merger Cleared

AT&T, Time Warner Merger Cleared Speaking after the ruling, AT&T's chief lawyer, Daniel Petrocelli, sidestepped many questions about potential political interference . The combined company would have a library that includes HBO's hit Game of Thrones and channels like CNN, along with vast distribution reach through wireless and satellite television services across the country. [Full Article...]

Domino's fixes roads in move to "save" pizza

Domino's fixes roads in move to Domino's is fixing potholes across the US to stop its pizza from getting ruined on the ride home. "Have you ever hit a pothole and instantly cringed?" said Russell Weiner, president of Domino's USA. The pizza chain has more than 14,800 stores in more than 85 markets. Of course, Domino's does paint its logo on every fix after it is completed. Customers can nominate their cities on the Domino'... [Full Article...]

The internet trolls IHOP after name change

The internet trolls IHOP after name change After a week of speculation, well-known breakfast joint IHOP announced it's changing its name to IHOb , with the "b" standing for "burgers". Known previously as IHOP , the International House of Pancakes , has changed its name to IHOB . [Full Article...]

Pompeo says United States is willing to 'make security assurances' to North Korea

Pompeo says United States is willing to 'make security assurances' to North Korea Kim Jong Un will undoubtedly get a sense of all that as he arrives. The short answer is nobody knows for sure. White House spokeswoman Sarah Sanders said United States and North Korean officials would hold working-level talks on Monday. [Full Article...]

Donald Trump: Kim Jong-un summit success likely decided 'in first minute'

Donald Trump: Kim Jong-un summit success likely decided 'in first minute' It will certainly be an exciting day and I know that Kim Jong-un will work very hard to do something that has rarely been done before, create peace and great prosperity for his land. "We appreciate everything what is going on". In my meetings with North Korea's foreign ministry, its officials have repeatedly emphasized that only a leader-to-leader dialogue could break the nuclear impasse. [Full Article...]

France, Canada warn Trump on trade war

France, Canada warn Trump on trade war But before leaving Washington , he made clear that he too has no intention of backing down on his plan to rebalance trade by imposing tariffs on steel, aluminum and other goods imported from U.S. She was not named among world leaders due to sit with the USA president. Mr Altmaier also underlined the importance of European unity on free trade and economic interests, especially since domestic deb... [Full Article...]

Microsoft Just Dumped a Data Center Into the Ocean

Microsoft Just Dumped a Data Center Into the Ocean Engineers slide racks of Microsoft servers and associated cooling system infrastructure into Project Natick's Northern Isles datacenter at a Naval Group facility in Brest, France. "Our vessel is powered by a combination of solar power, wind power, and offshore tidal and wave energy", says Ben Cutler, the project's manager. In phase two, which kicks off today, the company has fit 864 servers ... [Full Article...]

China’s ZTE will pay $1B fine in deal with US

China’s ZTE will pay $1B fine in deal with US Washington lawmakers were indignant last month after Trump offered to rescue ZTE as a personal favor to Chinese President Xi Jinping - even though the company is widely considered a liability for United States national cyber-security. That ban had effectively put ZTE out of business. The gear maker pleaded guilty a year ago in federal court in Texas for conspiring to violate USA sanctions to Ira... [Full Article...]

"Didn't Canada Burn Down White House?" Donald Trump To Justin Trudeau

That move unleashed fury in the Group of Seven (G7) industrialized nations and prompted quick retaliation from Canada and Mexico and a promise from the European Union to do so as well, unnerving investors who fear a trade war that could derail the global economy. [Full Article...]

China warns USA sanctions will void trade talks

China warns USA sanctions will void trade talks At the talks in Beijing this weekend, "the two sides had good exchanges of views on implementing the consensus reached in Washington, particularly in the areas of agriculture and energy", Xinhua reported. In the United States, tariffs - also called duties or levies - are collected by Customs and Border Protection agents at 328 ports of entry across the country. [Full Article...]

Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased

Rosneft Seen Quickly Recovering Output Once OPEC Deal Curbs Eased WTI's discount to Brent widened to as much as $11.57 a barrel, largest since 2015, before narrowing to $10.76 a barrel as both grades retreated. Still, the incentive to export means the EIA report also showed a surprise decline of 3.62 million barrels in nationwide inventories. [Full Article...]


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