Economy

by | June 24, 2018 | 13:48

The day is meant to be a celebration of the companionship, love and joy between canines and humans and the hope is to inspire others to adopt pets from animal shelters and humane societies. If it isn't practical or possible to bring your dog (or dogs) to work, then get everyone to print a bunch of pictures of their dogs and post them around your workplace to celebrate.

by | June 24, 2018 | 14:14

The agreement concluded overnight in Luxembourg by finance ministers from fellow members of the 19-member eurozone grants Greece a ten-year extension in repaying a large chunk of its crippling debt load. "We need a balanced compromise between all actors, ensuring growth and sustainable debt for the future". The reform-pushing International Monetary Fund played an active role in the two first Greek bailouts but took only an observer role in the third in the belief that Greece's debt ...

by | June 24, 2018 | 13:53

Opponents of Brexit, many waving European Union flags, marched through central London to Parliament on Saturday, calling for a referendum on whatever divorce deal is agreed between Britain and the EU. Organizers of the People's Vote march say Brexit is "not a done deal" and people must "make their voices heard", BBC News reports. "We don't want to do that, never have", he said.

by | June 24, 2018 | 07:27

Daimler sold record numbers of Mercedes cars in the first three months of the year, up 5% to 594,300 vehicles, thanks to strong demand from China, where sales increased by 16% to 178,000 cars. It foresees lower-than-expected sales of Mercedes-Benz due to a tax on the import of USA vehicles into China. Daimler has said it will appeal the decision.

by | June 24, 2018 | 01:10

The tax is 6.25 percent. Businesses that aren't traditional retailers hope they'll get back lost sales. North Dakota, which said mail orders from out-of-state companies didn't have to add sales tax. Justice Anthony Kennedy wrote that the previous decisions were flawed. In the digital era, the costs of complying with different tax regimes "are largely unrelated to whether a company happens to have a physical presence in a state", Kennedy wrote.

by | June 23, 2018 | 23:18

The EU's reactive charges on €2.8bn (£2.4bn) worth of U.S. goods came into force on Friday morning, with European Commission president Jean-Claude Juncker slamming the White House for acting against "all logic and history". Instead it would be an issue for the European Commission. Trump's tariffs, he said , contradict "all logic and history". "We have a trade war - and it's an escalating trade war", SEB chief economist Robert Bergqvist said in an interview.

by | June 23, 2018 | 20:49

SolarCity founder Lyndon Rive, who is Musk's first cousin and left Tesla past year, did not respond to a request for comment. At this time, there are no pending criminal charges against Tripp , but Tesla believes that the ex-employee may be a potential threat to safety.

by | June 23, 2018 | 20:40

Prospects for a deal to boost oil production from OPEC and its partners dimmed sharply Thursday, potentially worsening divisions within the oil group. Oil prices affect everything connected with a modern economy, from movement of goods and services, to the amount of disposable incomes for ordinary consumers.

by | June 23, 2018 | 19:19

The Organization of the Petroleum Exporting Countries said in a statement that it would raise supply by returning to 100 percent compliance with previously agreed output cuts, but gave no concrete figures. In practice, the reduction was even deeper due to production problems. Oil hit almost $80 per barrel last month, sending gasoline prices in the United States above $3 per gallon in many areas for the first time in years.

by | June 23, 2018 | 17:47

Pink Floyd drummer and vehicle enthusiast Nick Mason talks and drives his NZ$40m Ferrari 250 GTO at Goodwood 2017. That mark was set just three weeks ago, also by a 1963 Ferrari 250 GTO which won the 1964 Tour de France . Mr Bulgari, along with the next owner Corrado Ferlaino, campaigned the GTO in the 1963 and 1964 Targo Florio, winning in its class. However, the vehicle was updated with a Series II body by coachbuilder Scaglietti in 1964.

by | June 23, 2018 | 17:51

But under Krzanich, the company is positioned for a fresh start with the advent of next-generation 5G wireless technology, and has eked back into the mobile world as a supplier for Apple's iPhones. Now the big question is whether Intel will go inside - by naming another insider as CEO. He joined Intel in 1982 in New Mexico as an engineer, just as the personal-computer industry was beginning to take off.

by | June 23, 2018 | 10:09

After a meeting in Vienna, Emirati Energy Minister Suhail al-Mazrouei said the cartel made a decision to fully comply with its existing production ceiling. Some analysts have said the production hike is not enough because of the U.S. sanctions against Iran and Venezuela. Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018.

by | June 23, 2018 | 07:29

Likewise, Darius McDermott, managing director at Chelsea Financial Services, opposed this as he said the MSCI inclusion is "not super exciting news" and the inclusion of Saudi Arabia is likely to be based on the "heavily discussed floatation" of part of Aramco , the country's national oil.

by | June 23, 2018 | 04:18

South Dakota, which passed a law in 2016 taxing out-of-state online retailers, asked the court to overturn its earlier decision, an appeal supported by more than 40 states and the Trump administration. "If it's an internet sales, in the past, the person's been responsible". Chief Justice John Roberts echoed our stance in his dissent, stating "The burden will fall disproportionately on small businesses".

by | June 22, 2018 | 17:58

Saudi Energy Minister Khalid al-Falih has signalled a compromise was in the works as a big hike in production was "politically unacceptable" to some members. Trump imposed fresh sanctions on Tehran in May and market watchers expect Iran's output to drop by a third by the end of 2018. OPEC and its allies have since a year ago been participating in a pact to cut output by 1.8 million bpd.

by | June 22, 2018 | 14:04

The other products on which duties have been hiked include certain kind of nuts, iron and steel products, apples, pears, flat rolled products of stainless steel, other alloy steel, tube and pipe fittings, and screws, bolts and rivets. For automobiles and earth moving equipment, SIM socket/other mechanical items (metal) for use in the manufacture of cellular mobile phones, the duty has been hiked to 25 per cent from 15 per cent.

by | June 22, 2018 | 14:48

So even if the USA and China are having this battle, trade diversion means what may happen is that many of their market groups will be dumped on other markets to ensure that they don't overconsume or overproduce. The tariffs will hit $3.2 billion in USA imports to the European Union . The U.S. Trade Representative said in April that the United States' trade deficit with India had fallen to $23 billion in 2017, a 6 percent decrease, as U.S.

by | June 22, 2018 | 12:47

China answered that it would match the value of the US tariffs by placing their own tariffs on American perishable exports, including beef, poultry, pork, dairy products, seafood, tobacco and soybeans. India had sought to be exempt from the new US tariffs on steel and aluminum, arguing its exports were small in comparison to other countries, but got nowhere.

by | June 22, 2018 | 09:10

The intensive negotiations between ministers in Vienna this week are the culmination of a process that has whipsawed oil markets for weeks. An authoritative OPEC source disclosed in a telephone interview with Vanguard , yesterday, that while Saudi Arabia has openly canvassed for a huge increase in supply, Iran said it would compromise on a small increase in OPEC oil output.

by | June 21, 2018 | 22:32

The combined auto launch and factory opening reinforce Volvo Cars' commitment to the USA, an important market for the company and its new premium sports sedan. Like the V60 and XC60... and the whole 90 Series of cars, for that matter, the S60 uses Volvo's Scaleable Product Architecture platform. The City Safety with Autobrake technology assists the driver in avoiding potential collisions, and is the only system on the market to recognise pedestrians, cyclists and large animals.

by | June 21, 2018 | 21:40

But just last month, Germany's Interior Minister Horst Seehofer released statistics showing that crime is at its lowest level in more than two and a half decades. Despite increased political pressure from Berlin and Rome, talks on reforming the bloc's internal asylum rules remain stuck with southern and wealthy central states demanding that all European Union members host some of the new arrivals.

by | June 21, 2018 | 19:41

U.S. President Donald Trump on Friday announced tariffs on $50 billion of Chinese imports, effective July 6. In an editorial, the English language China Daily, often used by Beijing to get its message out to the rest of the world, said the United States had failed to honor an agreement on rebalancing trade, referencing a deal stuck in May for China to significantly increase purchases of USA goods and services.

by | June 21, 2018 | 16:48

But Iran's OPEC Governor Hossein Kazempour Ardebili said that Iran would only (possibly) agree to each individual country returning to 100 percent compliance, not compensating for declines in another OPEC member by boosting their production.

by | June 21, 2018 | 10:56

Many users have turned to social media and AussieOutages to complain about the latest Telstra connection problems, with some reporting they can only make SOS calls and others unable to use their smartphones since late on Monday night. Millions of Australians were left without internet access during the outage and even after restoring services, Telstra was unable to pinpoint the cause of the fault.

by | June 21, 2018 | 05:13

The European Commission said it would start charging import duties of 25 per cent on products including bourbon, jeans and motorbikes, in response to the U.S. A separate 10 percent tariff will be imposed on imports of playing cards. The EU has said that the USA has no grounds for implementing the national security policy and is instead moving to protect American industries.

by | June 20, 2018 | 20:58

In April , the Department of Justice announced a zero-tolerance policy for anyone trying to enter the country illegally. Just like arrested Americans, detained migrant parents can often post bond and simply walk out of jail. It plans to use the money not only to bond parents out of immigration jails but also to provide lawyers to the parents and children as they fight in court to stay together and stay in the United States.

by | June 20, 2018 | 21:15

Earlier in the day, Jaitley said that Subramanian has stepped down as the Chief Economic Advisor "on account of pressing family commitments". The Indian-born and Oxford-educated economist said he had to move on for personal reasons even though he enjoyed the challenge of playing a role in the stewardship of Asia's third largest economy.

by | June 20, 2018 | 20:23

Separately it is also pursuing the case with the World Trade Organisation, arguing that the White House's reasons for the tariffs - that the glut of steel and aluminium poses a security threat - are not valid. "Needless to say, if the USA removes its tariffs, our measures will also be removed". A separate 10 percent tariff will be imposed on imports of playing cards.

by | June 20, 2018 | 20:54

In other words, add an Echo device to each room so that guests can interact with Alexa to find out the information they need while on holiday. "In this case, we recognised that voice-first experiences have become an increasingly important channel for our guests, and we think Amazon is leading the market in this technology", declared Marriott's Vice President of Global Consumer Public Relations, Tracey Schroeder.

by | June 20, 2018 | 18:15

It has missed analysts' estimates for same-store sales in the US -dominated Americas region in five of the last six quarters. Closing stores is not new for businesses, but the 150 figure is almost three-times the average for the company. The company said that so far in 2018, Frappucino sales have fallen by 3 percent. The Seattle-based company announced Tuesday that it will close approximately 150 underperforming stores in its most densely populated USA markets amid sluggish sales - up from ...

by | June 20, 2018 | 18:59

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 assets, people with knowledge of the matter said. Comcast's offer was all cash. Disney has also moved from its original tactic of an all-stock deal for Fox, owner of assets including X-Men to the Deadpool studio 20th Century Fox, and a 39% stake in Sky, to a 50/50 mix of cash and shares.

by | June 20, 2018 | 18:14

China, in turn, is likely to replace the USA oil with increased purchases from top suppliers Russian Federation and Saudi Arabia. "Such a practice of extreme pressure and blackmailing deviates from the consensus reached by both sides on multiple occasions", the ministry said .

by | June 20, 2018 | 15:31

The hack forced Bithumb to put up a notice on its site, saying that it had stopped all trading after it had discovered the intrusion and began transferring all of its remaining assets into a "safe cold wallet" that was offline. The virtual currency was priced at $6,442 dollars late afternoon in Seoul, down about 4.4 percent from 24 hours earlier, after the latest attack on Bithumb raised concerns over cryptocurrency security.

by | June 20, 2018 | 14:57

The decision by the company, one of Australia's largest employers, is part of a shake-up targeting an extra A$1 billion (S$1 billion) in cost-cutting by 2022, on top of A$1.5 billion previously announced . The Penn strategy is in tune with the thinking of those in the market who believed that to arrest Telstra's decline in a post-national broadband network environment Telstra needed to accelerate its cost-reduction programs, create a better demarcation between its infrastructure-heavy past ...

by | June 20, 2018 | 12:10

Telstra, Australia's former telecommunications monopoly, is also planning to split its infrastructure operations, which include data centers and broadband cables, into a separate unit and will drastically slim down the number of products it offers customers.