Business

Business Sewing needles found in strawberries in Australia
Author: 0 Sewing needles found in strawberries in Australia

So far four contaminated punnets have been found - two in Queensland and two in Victoria . Queensland Acting Chief Superintendent Terry Lawrence says its a complex operation, because the industry provides more than 250,000 punnets of strawberries in Queensland alone in a five-day period.

Business Freeland to head back to Washington for high-level NAFTA negotiations
Author: 0 Freeland to head back to Washington for high-level NAFTA negotiations

Canada's Foreign Minister Chrystia Freeland after a meeting with Mexico's President-elect Andres Manuel Lopez Obrador in Mexico City, Mexico July 25, 2018. "I can - all I have to do is tax cars - it would be devastating". Canada's protected dairy industry is one of three sticking points in NAFTA talks between the two countries, along with a system for settling trade disputes and cultural protections for Canadian media firms.

Business Jeff Bezos: Trump should welcome media scrutiny
Author: 0 Jeff Bezos: Trump should welcome media scrutiny

The same scrutiny should apply to US presidents, Bezos said, without naming Trump. I'm glad I'm being scrutinized.' That would be so secure and confident. Bezos said it is important for politicians not to vilify big businesses since they can create so much value. Zuckerberg's shares in the social network are now valued at about US$61 billion.

Business Claiming credit for U.S. economic recovery
Author: 0 Claiming credit for U.S. economic recovery

Eight weeks from today, the nation will go and vote, rendering the verdict on the first two years of Donald Trump's presidency and their relative judgments of the two parties as well. This wasn't the first time Hassett has weighed in on a presidential tweet. "When people ask me, 'how's the economy doing?' I ask them, whose economy are you talking about?" The U.S.is now its 10th year of economic growth, and in its longest period of growth with 95 straight months of job creation.

Business Petrol Touches Rs.90.11 In This City
Author: 0 Petrol Touches Rs.90.11 In This City

On Monday, the petrol price was Rs 89.97 and diesel stood at Rs 77.92 in the town with a population of around 3,10,000, around 500 kms east of Mumbai in Marathwada region. The bandh was called by 21 opposition parties that included the Congress , its allies and the Left. Normal life was hit in some states Monday with offices and educational institutes remaining closed and vehicles off the roads during an opposition-sponsored Bharat Bandh in protest against rising prices of petrol and ...

Business Obama Slams Donald Trump Publicly For First Time
Author: 0 Obama Slams Donald Trump Publicly For First Time

Casting aside the traditional low profile of a former president , Obama returned to the campaign trail on Friday in IL in an effort to help Democrats running in the upcoming midterm elections. Pence says Obama rolled out "the same exhausted arguments that he and liberals have made over the last eight years". "That's on the ballot". The only thing they have to do, Obama said, is "show up".

Business Ethereum Price Drops to One-Year Low as Altcoins Dree
Author: 0 Ethereum Price Drops to One-Year Low as Altcoins Dree

On Wednesday of this week, the cryptocurrency market saw a sharp decline across the board. However, even during the downward trend, bitcoin manages to hold the upper hand over other competing cryptocurrencies in the market that are also suffering the dip of the total market cap.

Business Alibaba’s co-founder Jack Ma to retire next week, say reports
Author: 0 Alibaba’s co-founder Jack Ma to retire next week, say reports

Yet Ma had remained active as the face of the e-commerce firm, as well as an architect of its long-term strategy. He was CEO until 2013. Ma's success was evident after Alibaba's Taobao bested eBay in China, forcing the USA auction site to largely withdraw from the country in 2006.

Business Protecting Canadian culture a surprise sticking point at NAFTA talks
Author: 0 Protecting Canadian culture a surprise sticking point at NAFTA talks

Foreign Affairs Minister Chrystia Freeland is to resume talks with USA trade czar Robert Lighthizer , whom she has praised as a "good faith" negotiator in the face of President Donald Trump's Twitter barrages. In addition, news is awaited from US-Canada talks on a revamped NAFTA while financial turmoil in Argentina and Turkey remains a worry, as do figures released Thursday showing an unexpected fall in German industrial orders in July.

Business China is not Africa’s new colonial power - Ramaphosa
Author: 0 China is not Africa’s new colonial power - Ramaphosa

Over the past five years, there were more than 100 activities on cultural exchanges and 200 cultural cooperation projects. China will carry out 50 projects on green development and environmental protection in Africa, focusing on fighting climate change, desertification and wildlife protection, the Chinese leader said.

Business U.S. ratchets up pressure on Canada, Mexico, trade partners
Author: 0 U.S. ratchets up pressure on Canada, Mexico, trade partners

The U.S. has tremendous upside potential as we go about fixing some of the worst Trade Deals ever made by any country in the world. Huckabee also criticized Trumka and the "entire AFL-CIO" over the union's stance on the North American Free Trade Agreement , even though Trumka on Sunday agreed the agreement, as is, has been "devastating" on workers.

Business LEGO Builds Life-Size, Drivable Technic Bugatti Chiron
Author: 0 LEGO Builds Life-Size, Drivable Technic Bugatti Chiron

The creative minds at Lego have gone full brick-ception and built a life-size, driveable version of the 1:8 scale Bugatti Chiron kit the toy company launched earlier this summer. The life-size and functioning model used over 1 million Technic elements, which includes the 2,304 electric motors and 4,032 gear wheels. The LEGO vehicle and the real thing look impressively like each other, even when sitting side-by-side.

Business California Assembly passes net neutrality bill
Author: 0 California Assembly passes net neutrality bill

The Washington Post reported that the vote from California lawmakers could set up a fight with federal regulators who moved previous year to repeal net neutrality. Industry groups are urging Governor Brown to veto the bill. "ISPs have tried hard to gut and kill this bill, pouring money and robocalls into California", said Katharine Trendacosta, policy analyst for Electronic Frontier Foundation , in a letter to supporters after the Assembly vote.

Business Costa Coffee SOLD to soft drinks giant Coca-Cola in shock £4bn deal
Author: 0 Costa Coffee SOLD to soft drinks giant Coca-Cola in shock £4bn deal

Coca-Cola plans to use its existing infrastructure to expand Costa's business lines, which include retail outlets, vending machines and coffee for use at home. Now owned by parent company Whitbread, the Costa chain is about to be sold to Coca-Cola. JAB, the holding company that owns Peet's Coffee, bought United Kingdom sandwich and coffee chain Pret A Manger in May.

Business Over 99 per cent of demonetised notes back with RBI
Author: 0 Over 99 per cent of demonetised notes back with RBI

The statistics suggest that the demonetisation exercise failed to check black money, which was claimed to be one of the main aims of banning specified notes. For instance, the SBI's economic research department, headed by chief economist Soumya Kanti Ghosh, predicted that up to Rs 2.5 lakh crore wouldn't come back into the banking system.

Business Musk Scraps Plan To Take Tesla Private
Author: 0 Musk Scraps Plan To Take Tesla Private

Mr Musk, Tesla's chief executive, revealed late on Friday night that he was abandoning a proposed buyout of Tesla, saying shareholders wanted the company to remain public. It remains unclear what Musk meant by "funding secured". Tesla had $2.78 billion in cash at the end of the second quarter, after a record $718 million loss.

Business Donald Trump announces new trade deal with Mexico
Author: 0 Donald Trump announces new trade deal with Mexico

Trump however said he wanted to drop the name NAFTA, saying it had "bad connotations" because the United States had been hurt by the agreement. Negotiations centered on revisions to portions of the 1994 North American Free Trade Agreement , notably those involving auto manufacturing, which President Donald Trump has criticized for their imbalances.

Business China, Iran work on logistics changes ahead of sanctions
Author: 0 China, Iran work on logistics changes ahead of sanctions

Trade Representative, which has scheduled hearings this week on additional trade pressure on China . In US oil markets, a decline in commercial crude inventories provided WTI with stronger support than Brent. Around one hour after the report was released, West Texas Intermediate (WTI) October delivery traded at 67.40 US dollars at New York Mercantile Exchange, up 1.56 dollars or 2.37 percent from its Tuesday settlement.

Business China trade dispute escalates
Author: 0 China trade dispute escalates

If the White House continues to raise trade barriers, the purchasing power of US households will be reduced, the officials said, according to a report from Agence France-Presse. More are in the pipeline, adding to risks for global economic growth. They have assumed a direct impact on China's economic growth this year of 0.1 to 0.3 percentage point, and somewhat less for the U.S., but the impact will be bigger next year, along with collateral damage for other countries and companies tied to ...

Business Australian PM Turnbull refuses to cede power, offers possible second leadership vote
Author: 0 Australian PM Turnbull refuses to cede power, offers possible second leadership vote

Senator Mathias Cormann's resignation yesterday was called "the death knell" for Mr Turnbull. Mr Morrison and Mr Dutton appear to have the most support. The turmoil came to a head after months of poor opinion polls and a revolt by fellow Liberal politicians on Monday against the prime minister's plans to embed carbon emissions targets in law at a time of soaring power prices.

Business Trump asks SEC to consider ending required quarterly reports
Author: 0 Trump asks SEC to consider ending required quarterly reports

He said that after meeting with business leaders he had asked the US Securities and Exchange Commission to investigate making such a change. "That would allow greater flexibility & save money", he tweeted. Companies that want to move away from short-term scrutiny should instead stop publicly projecting the next quarter's earnings, Pozen added. Trump's proposal, offered in a 7:30 a.m.

Business London house prices suffer largest drop in nine years
Author: 0 London house prices suffer largest drop in nine years

Shaun Church, director at mortgage broker Private Finance said: 'A slight correction in house prices is no bad thing for the United Kingdom property market. Semi-detached properties, in demand by families, enjoyed the largest increase with a 4.4% in the month of June, rising to £216,000. Inflation numbers from July 2017 till June 2018 had adverse base effect due to GST...

Author: 0 Trump says Turkey has acted badly in Brunson case

On Monday, the central bank said it would provide all the liquidity Turkish banks needed, as it seeks to keep money flowing in the financial system. The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar. The two North Atlantic Treaty Organisation allies have traded tit-for-tat sanctions over the pastor's house arrest. "Turkey has alternatives", he said.

Business Why markets are anxious about suddenly cold Turkey
Author: 0 Why markets are anxious about suddenly cold Turkey

Ankara accuses Mr Brunson - who operates a tiny evangelical church in Izmir - of having links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup two years ago. Turkish Foreign Minister Mevlut Cavusoglu struck a somewhat conciliatory note, saying Turkey was ready to discuss its issues with the United States as long as there are no threats.

Author: 0 Qatar to make direct investment of $15B in Turkey

The dispute between Turkey and the USA was sparked by a row over the detention of American pastor Andrew Brunson, who was jailed almost two years ago in the crackdown that followed a failed military coup. National security adviser John Bolton speaks during the daily press briefing at the White House, Aug. 2, 2018, in Washington. The lira rebounded some 8 per cent on Tuesday, helped by news of a planned conference call on Thursday in which the finance minister will seek to reassure ...

Business Turkish turmoil to send economic storm clouds over U.S. soon
Author: 0 Turkish turmoil to send economic storm clouds over U.S. soon

Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey , August 2018. "If we divert our money to foreign currency .then we will be in the position of having surrendered to the devil", Erdogan said. Salim bin Mubarak Al Shafi, Qatar's ambassador to Turkey, said his country would continue to support Turkey, adding that the emir's visit demonstrated the "depth" of the two countries' relations.

Business Rupee Falls Sharply To Close At Record Low Against Dollar
Author: 0 Rupee Falls Sharply To Close At Record Low Against Dollar

The Indian rupee on Tuesday morning fell to a record low of 70 against the U.S. dollar. The US dollar has gained strength as experts fear that the economic crisis in Turkey could soon spill over its impact on global economies. Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the U.S. currency amid fears that Turkish currency turmoil could turn out into global financial crisis.

Business Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout
Author: 0 Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

Discussions began before the controversial 7 August tweet by Musk , who is Tesla's co-founder and chief executive officer, saying he was weighing a plan to take the company private . SEC enforcement attorneys in the San Francisco office were already gathering general information about Tesla's public pronouncements on manufacturing goals and sales targets, according to the people who asked not to be named because the review is private.

Business Elon Musk: Meeting with Saudis prompted plan to take Tesla private
Author: 0 Elon Musk: Meeting with Saudis prompted plan to take Tesla private

Saudi Arabia is exploring how it could bankroll Elon Musk's ambitious plan to take Tesla private, as burnt short-sellers sue the electric vehicle entrepreneur over his bombshell tweet last week. Musk said he has continued to communicate with the sovereign fund's managing director since last week, and that the managing director has "expressed support for proceeding subject to financial and other due diligence".

Business USA to impose new sanctions on Russian Federation for nerve attack in UK
Author: 0 USA to impose new sanctions on Russian Federation for nerve attack in UK

Senior lawmaker Konstantin Kosachev, the chairman of the foreign affairs committee in the upper house of the Russian parliament, accused the US of behaving like a 'police state, threatening and torturing a suspect to get evidence'. Earlier in the day the Kremlin hit back at the "categorically unacceptable" measures, describing them as "absolutely illegal". "The administration is rightly acting to uphold global bans on the use of chemical weapons", said Ed Royce, R-Calif., chairman of the ...

Business United States crude stockpiles fall less than expected
Author: 0 United States crude stockpiles fall less than expected

The Turkish lira fell to a new record low against the dollar amid a dispute with the USA government, while the Russian ruble also dropped after US sanctions on the country over its alleged involvement in poisonings in Britain. Concerns over recent figures from Chinese crude oil exports have been weighing on traders' sentiment , although the descent should be somewhat tempered by rising speculations of further USA sanctions against Iran.

Business Elon Musk Talked With SoftBank About Tesla Investment in 2017
Author: 0 Elon Musk Talked With SoftBank About Tesla Investment in 2017

In a note to clients, Morgan Stanley analyst Adam Jonas said Musk's strategy to reveal the offer on Twitter might end up costing him in higher costs and financial risk. Tesla is a legendary cash-burner, with roughly $10 billion in debts and $2 billion in reserves, and Musk would probably need in the tens of billions of dollars to buy out shareholders at the right price.

Business Trump behaves like a street-fighter in trade policy: Chinese media
Author: 0 Trump behaves like a street-fighter in trade policy: Chinese media

The latest issue from the global edition of the ruling Communist Party's People's Daily newspaper called out Trump , stating that he was starring in his very own "street fighter-style deceitful drama of extortion and intimidation". One of the biggest targets of the China tariffs has been farmers; Beijing is the biggest buyer of USA soybeans, importing more than $12.4 billion worth of the oil seed in 2017, according to the Peterson Institute for International Economics.

Author: 0 Trump administration announces $22b in fresh tariffs on China

A truck drives past shipping containers at a port in Lianyungang, Jiangsu province January 23, 2015. Trump, who has boasted that trade wars are "easy to win", has threatened to ramp up the pressure and slap tariffs on virtually all of China's exports to the United States if Beijing does not back down and take steps to reduce the $335 billion USA trade deficit with that country.

Business Dead fetus found on plane at LaGuardia Airport, reports say
Author: 0 Dead fetus found on plane at LaGuardia Airport, reports say

The fetus was believed to be five or six months along. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under sheets of toilet paper. Details will not be released until after the investigation is complete, the statement said. A statement from LaGuardia Airport said flights at Terminal B may experience delays due to an "out of service aircraft".

Business Oil up; traders cite industry report of crude build at Cushing
Author: 0 Oil up; traders cite industry report of crude build at Cushing

USA crude futures slumped last month by the most in two years, and traded just below $68 a barrel yesterday on the New York Mercantile Exchange. USA crude oil refinery inputs averaged 17.48 million barrels per day during last week, which was 195,000 barrels per day higher than the previous week's average.

Business China says fully prepared for United States threats on escalating trade war
Author: 0 China says fully prepared for United States threats on escalating trade war

The White House on Wednesday proposed a 25 percent tariff on $200 billion worth of Chinese goods, more than double the 10 percent tax rate originally planned. economy based on recent data. China upped the ante on Thursday in response to the Trump administration's latest move. "First, I suggest the US take the right attitude and not to try to blackmail China as it doesn't work", spokesman Geng Shuang said in response to a question.

Business Missouri tax-free weekend 2018: Here’s what you need to know to save
Author: 0 Missouri tax-free weekend 2018: Here’s what you need to know to save

Those who live in Loudoun or in other parts of Northern Virginia, where the sales tax is 6 percent, will save even more. You can also get the qualified items online, tax free. If an item of clothing qualifies for the exemption under the "sales tax holiday ", then all adjustment charges associated with that sale are exempt.

Business 350+ sickened after eating at Powell Chipotle
Author: 0 350+ sickened after eating at Powell Chipotle

Records show local health officials inspected the location July 26 and found violations related to food not being held at proper temperatures, Business Insider said. You'll recall that the chain experienced a series of food-poisoning outbreaks that torpedoed its year in 2015 , closed a store in 2016 over norovirus concerns , and had another significant norovirus outbreak in 2017 at an L.A.

Business Apple is first public company worth $1 trillion
Author: 0 Apple is first public company worth $1 trillion

The company's stock was at $205.98, up 2.2 percent near 1555 GMT. Although many have doubted Apple's staying power over the years, unlike many hardware makers the company has ridden the elegance and functionality of its devices. The stock has been rising since Tuesday when it reported better than expected results for the three months to June. Since 1980, IBM, Exxon Mobil, General Electric and Microsoft have also alternated as the largest publicly listed U.S.

Business Facebook loses $130 bn in just two hour, Zuckerberg $17 bn
Author: 0 Facebook loses $130 bn in just two hour, Zuckerberg $17 bn

As an example of its new strategy, Wehner said Facebook will put more development muscle behind the company's Stories feature. While the company posted an earnings beat, revenue was below analysts' guidance as the company raked in $13.23 billion in sales, below the $13.23 billion that analysts were calling for.

Business Trump and European Union chief Jean-Claude Juncker agree to ease trade tensions
Author: 0 Trump and European Union chief Jean-Claude Juncker agree to ease trade tensions

Trump said he expected "something very positive to take place" during the White House talks - after sending a series of tweets blasting Europe for unfair treatment of United States exports. "It is not the European Commission that buys, but the industry, and traders who look for goods where they are the least expensive for their financial interests", one European soybean trader said.

Business Why Trump’s tariffs could actually help farmers
Author: 0 Why Trump’s tariffs could actually help farmers

The president, ahead of trade talks with European Union representatives, argued that the levies would force other countries to come to the table. "We will also work to reduce barriers that increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans", said Trump.

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