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Stories about Business

Jul 25 2018

Trump announces US$12B plan to shield farmers from trade war

Farmers said they would rather have Trump settle the trade disputes with China , Mexico, Canada and the European Union and get free trade flowing again. He wasn't th...

Jul 21 2018

As trade war steps up, WTO already dealing with hundreds of disputes

China's garment industry has been under pressure for some time, as the global supply chain has shifted to low-priced manufacturing bases in Southeast Asia. Before the 20...

Jul 19 2018

United Kingdom interest rate rise in doubt as inflation stays at 2.4%

Although the cost of gas and electricity prices increased and the price at the pump hit the highest level for almost four years, consumers benefited from the falling cost...

Jul 18 2018

May wins key Brexit vote despite ongoing rebellion

Pro-EU Labour MP Chuka Umunna hit out at Labour Brexiteers who opposed the customs union amendment, saying: "It's very disappointing and our communities will question why...

Jul 13 2018

The Disney-Comcast TV Drama Could Have More Twists Yet

Last Wednesday, Comcast returned serve on Fox with a £14.75-per-share bid for 60% of Sky, a transaction with an implied value of $34 billion. Sky's shares have risen ...

Jul 11 2018

Britain's Brexit minister steps down in blow to May

She also told her party that "to lead is to decide". "The direct consequences of that will be Prime Minister Corbyn". The Johnson resignation was unnecessary - even...

Jul 09 2018

Space X testing tiny submarine to help boys trapped in Thailand cave

In addition to treatment areas, the hospital will also provide reunion rooms for the young boys and their families. "There is no other day that we are more ready than t...

Jul 07 2018

Micron Bounces Back From Chinese Lawsuit

As evidence, Micron cited the use of Micron DRAM technology code names at a UMC and Jinhua recruitment fair for RAM chip experts in Silicon Valley in October 2016 and its...

Jul 07 2018

China accuses Trump of launching ‘the biggest trade war in economic history’

China has said it will not " fire the first shot " in a trade war with the United States, but its customs agency made clear on Thursday that Chinese tariffs on American...

Jul 04 2018

Conservatives #BoycottWalmart for Selling 'Impeach 45' Onesies - Hit & Run

CBS News reports one person pointed out the company also sold clothing from various vendors for people who opposed former Secretary of State Hillary Clinton, Trump's o...

Jul 04 2018

EU Warns US Imposing Car Import Taxes Could Backfire

For example, the chamber said Texas could see US$3.9 billion worth of exports targeted by retaliatory tariffs; Tennessee, US$1.4 billion; and South Carolina, US$3 billi...

Jul 01 2018

Anonymous person buys $1M worth of remaining toys at Toys 'R' Us

Johnpiere posted several other sad photos of the empty store on Facebook. "Oh wow, that's nice", Vivian Smith said when she saw the store shuttered its doors following ...

Jun 30 2018

Trump eyes oil prices: ‘OPEC is at it again’

In April, Trump also blasted OPEC on Twitter, accusing the group of "artificially" raising oil prices. India has discussed with China the possibility of forming an "o...

Jun 26 2018

China, EU to form group to modernise global trade rules

Katainen also talked about the trade differences that the EU has had with China for some time, such as better access to the Chinese market for European companies and prod...

Jun 26 2018

Donald Trump Just Told Republicans To Back Off Immigration Reform - For Now

He said he changed his mind by seeing images of children who have been taken from parents while they are jailed and prosecuted for illegal border-crossing. But that rare ...

Jun 23 2018

South Korea cryptocurrency exchange Bithumb says hacked, $32 million in coins stolen

The cryptocurrency faced a considerable market dip of 2% right after the hack. Interestingly, earlier in the month, Bithumb was cleared of tax evasion charges in Sout...

Jun 22 2018

Iran, Saudi oil ministers meet to avert showdown

The proposal has yet to win the backing of all OPEC members, and may meet resistance from more hawkish countries in the group including Venezuela and Algeria as well as...

Jun 22 2018

Trump threatens 20% tariff on cars imported from Europe

India finalized its decision during a week when the global trade war escalated, with the United States enacting $50 billion in tariffs on Chinese goods, and the Europea...

Jun 22 2018

Trump threatens extra tariffs on US$200b of Chinese goods

Mr Pompeo raised the trade issue directly with China last week, when he met in Beijing with President Xi Jinping and others. If China retaliates again, Trump is threa...

Jun 20 2018

Tesla investigating 'extensive' sabotage by rogue employee, Musk says

While he says this could be a random event, Musk quotes former Intel CEO Andy Grove's "Only the paranoid survive" warning. To speed up vehicle production, Musk said ...