Business

Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy'

Elon Musk calls Brit diver in Thai cave rescue a 'pedo guy' He added it was "just a PR stunt ". The Thai Navy has since said it may use the submarine at some point in the future , but if Unsworth is to be believed, it won't be for tricky cave rescues. Musk challenged Unsworth's accounting of the water levels in the cave, then got even angrier, explicitly calling Unsworth a "pedo guy" and saying he would prove the device's utility by, uh, sending m... [Full Article...]

Greyhound Canada cancelling service

Greyhound Canada cancelling service Maritime's business model is built around other transport services such as chartering, tour groups, and municipal services in addition to fixed regional routes. Greyhound passenger buses provided a vital link between rural small towns and bigger cities. Alberta Transportation Minister Brian Mason said that Greyhound's decision is an issue of national importance. [Full Article...]

Elon Musk: 'We were huge idiots' about Tesla Model 3

Elon Musk: 'We were huge idiots' about Tesla Model 3 Tesla and SpaceX founder and all-round "big ideas" man Elon Musk has just wrapped up a three-day visit to China where he met with officials in Beijing and confirmed a deal for Tesla's first foreign factory in Shanghai (albeit without saying how much it'll all cost ). [Full Article...]

Ryanair pilots call two more strikes after 30 flights grounded

Only flights between Ireland and the United Kingdom were affected. "The Irish Airline Pilots' Association (IALPA) branch of Fórsa today (Thursday) gave notice that it intends to stage two further one-day pilot strikes in Ryanair commencing at 1am on Friday, July 20, and at 1am on Tuesday, July 24", said a Fórsa. [Full Article...]

Trump preparing additional tariffs on $200B in Chinese goods

Trump preparing additional tariffs on $200B in Chinese goods It's a massive escalation of Trump's trade war with China . On Friday, the USA slapped 25 percent taxes on $34 billion in Chinese imports, majority are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing. [Full Article...]

5 important takeaways from the June jobs report

5 important takeaways from the June jobs report Employers kept hiring even as fears grew of a global trade war. This would only be the second such period since the 1990s, when the world's leading economy managed to create so many jobs for a longer period. Faster wage growth would have also indicated that inflation was building in the economy, which hasn't strongly been the case even though unemployment is low. [Full Article...]

Employment gains, job hunter influx clears way for rate hike

Employment gains, job hunter influx clears way for rate hike The local jobless rate rose by a half-per cent last month, but is still lower than it was a year ago. The Bank of Canada is expected to raise its target for the overnight rate to 1.5% on Wednesday . "After an impressive performance in 2017, the Canadian labour market definitely took a breather in the first half of 2018", Arseneau wrote in a research note to clients. [Full Article...]

US adds a solid 213000 jobs; unemployment up to 4 pct

These people ultimately are classified as discouraged workers, who first fall down into a subset of the unemployment statistics (where the unemployment rate is now 7.8 percent in June compared with 7.6 percent in May) until they ultimately disappear completely from the workforce. [Full Article...]

ZTE names new CEO in quest for United States reprieve

ZTE names new CEO in quest for United States reprieve USA authorities are allowing China's ZTE Corp.to resume some business with American companies, temporarily easing a ban imposed over the telecom giant's export of sensitive technology to Iran and North Korea. An insider source told Reuters a memo was sent out on July 3 announcing the removal of seven other executives, without providing a reason. In the letter, Zhang also praised long-time ri... [Full Article...]

Facebook Founder, Mark Zuckerberg Becomes Third Richest Man In The World

Facebook Founder, Mark Zuckerberg Becomes Third Richest Man In The World Facebook allowed political strategy firm Cambridge Analytica - which helped Donald Trump's campaign - to harvest the private data of 87 million users. Technology assets make up about 20 percent of the more than $5 trillion in wealth tracked by the index, which is more than any other business. Berkshire Hathaway purchased about 75 million shares of Apple stocks early this year in addition to... [Full Article...]

Iran's oil minister has hit back at Trump over production demands

Iran's oil minister has hit back at Trump over production demands USA crude futures dropped 90 cents, or 1.2 percent, to $73.22 per barrel as of 11:18 a.m. EST (1518 GMT). The rally appears to be a "short covering situation - we were down nearly 2 percent yesterday", said Yawger. An imminent shift in global oil trade flows was also affecting prices. US tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday and Beijing has vowed ... [Full Article...]

China court bans Micron chip sales in patent case: Taiwan's UMC

China court bans Micron chip sales in patent case: Taiwan's UMC The firm's estimate that the ban imposed by a Chinese court in a patent infringement lawsuit would weaken quarterly revenue by just 1 percent drove its shares as much as 3.6 percent higher and lifted stocks of other US chipmakers. The move comes after UMC took Micron to the Chinese courts over patent infringement claims. The judgment will have significant impacts on the sales of products u... [Full Article...]

China tries to ease fears that Beijing may target USA firms

China tries to ease fears that Beijing may target USA firms Chinese Commerce Ministry spokesman Gao Feng said that the proposed US tariffs would hit many American and foreign companies operating in China and disrupt their supplies of components and assembly work. "So we have 50 plus 200 plus nearly 300", he said. Many countries, including India, have complained that there are too many restrictions on American exports that they actually want, and Washingt... [Full Article...]

China says the USA has started ‘the biggest trade war’ in history

China says the USA has started ‘the biggest trade war’ in history At 12:01 a.m., the US slapped a 25 percent tax on $34 billion worth of Chinese imports . However, while no details have been provided as yet, it looks like a Chinese retaliation may be in the works. However, Guo Shuqing, head of China's banking and insurance regulator, said in a statement that the trade war would not affect China's own reforms and opening up, and that it was confident going for... [Full Article...]

Remainder of whiskey warehouse collapses in Kentucky

Remainder of whiskey warehouse collapses in Kentucky The bourbon warehouse in Bardstown that partially collapsed last month collapsed completely Wednesday afternoon, sending thousands of barrels tumbling to the ground, authorities said. While it's possible some of the barrels can be salvaged, officials won't know how many until they begin sifting through the debris. The warehouse was built in the 1940s. [Full Article...]

HNA chairman Wang Jian dies in accident

HNA chairman Wang Jian dies in accident The group is controlled by a New York-based foundation and a China-based charity that together hold 52 percent of HNA shares. "If HNA simply can not meet its financial obligations, we expect regulators to broker a debt restructuring", Michael Hirson, the Asia director of the consultancy Eurasia Group, said back in February. [Full Article...]

Joey Chestnut, Miki Sudo Win 2018 Nathan's Hot Dog Eating Contests

Joey Chestnut, Miki Sudo Win 2018 Nathan's Hot Dog Eating Contests Chestnut has won 10 of the 11 Nathan's events . Later this afternoon, challengers with insatiable appetites - and something to prove - will convene at Nathan's Famous in Coney Island where they will attempt to eat as many hot dogs as they can over the course of 10 minutes. [Full Article...]

U.S. Chamber Of Commerce Denounces Trump Tariff Plan

U.S. Chamber Of Commerce Denounces Trump Tariff Plan It won't target 284 additions, worth US$16b, until it gathers further public comments. Its tariffs are meant to deliver pain to American farmers, who overwhelmingly backed Trump in the 2016 election and whose interests are represented by powerful lobbyists and members of Congress. [Full Article...]

Largest US business group attacks Trump on tariffs

Largest US business group attacks Trump on tariffs However, stock markets in Asia and Europe are likely to start feeling selling pressure now. Japan's benchmark Nikkei 225 index plunged 2.2 per cent to 21,811.93 and South Korea's Kospi shed 2.4 per cent to 2,271.54. Donohue, president and CEO of the U.S. Chamber of Commerce, said in a statement . He has slapped tariffs on imported steel and aluminum - action that has drawn retaliatory tariff... [Full Article...]

Mexican-Alaskans speak about country's new president

Mexican-Alaskans speak about country's new president That includes standing up to Trump . Today, she feels hope for her former country under the new leadership of Obrador. President Donald Trump said Monday he has had a 30-minute phone call with the newly-elected leader of Mexico, Andres Manuel Lopez Obrador, discussing trade, border security, the North American Free Trade Agreement (NAFTA) and the possibility of a Mexico-U.S. [Full Article...]


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87  Next »