Economy

Trump threatens additional tariffs on $200 billion of Chinese goods

Trump threatens additional tariffs on $200 billion of Chinese goods

Investors are also assessing the impact of tightening monetary policy by central banks after the US Federal Reserve raised interest rate last week and the European Central Bank said it planned to end its bond-purchase program at year-end. The S&P 500 index is rising 8 points, or 0.3 percent, to 2,771. China might be unable to match the USA tariffs because it imports much less from the United States - $130 billion in goods previous year, compared with Chinese exports to the United States of ... Read More

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China cuts USA investments by 92% amid escalating trade war

China cuts USA investments by 92% amid escalating trade war

The potential tariffs announced by Trump come as the USA and China both announced plans to impose tariffs on up to $50 billion worth of goods imported from the other country. Those tariffs were matched by China's threat to penalize on US exports, a move that drew the president's ire. Washington and European companies alike have long voiced concern about trade policies in China that protect domestic companies and State Owned Enterprises through subsidies, regulatory barriers and ... Read More

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Kansas City, Kan., deputies shot, one dead

Kansas City, Kan., deputies shot, one dead

Deputy Patrick Rohrer , 35, was taken to a hospital where he later died, the Kansas City police said. One suspect was also shot and taken to an area hospital. In the other incident, a standoff ended when a sword-wielding woman who fled from police later was shot after attempts to negotiate peacefully proved unsuccessful. Read More

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Fed hikes interest rates again, raises outlook for more increases in 2018

Fed hikes interest rates again, raises outlook for more increases in 2018

The Federal Open Market Committee voted to lift the target range for the federal funds rate by 25 basis points to between 1.75% and 2%. "Most people who want to find jobs are finding them, and unemployment and inflation are low". The 3.8-percent jobless rate is close to the lowest level ever seen in the U.S. There are more job openings than workers seeking employment in the country for the first time in recorded history, and recent inflation data shows prices inching through the Fed's ... Read More

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Burgers behind IHOP name change

Everyone's default theory was that the "B" didn't stand for a particular dish at all, but instead to "Breakfast". As the Inquisitr reported last week , IHOP announced that they would be making a huge change, renaming the iconic restaurant chain to IHOb , with a lower case "b". Read More

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This photo of Donald Trump perfectly captures tensions with world leaders

This photo of Donald Trump perfectly captures tensions with world leaders

We agreed. We compromised on the communique . "On NAFTA we either leave it the way it is as a three-some deal with Canada, the United States and Mexico and change it very substantially - we're talking about very big changes". Earlier reports had indicated that the United States had endorsed the communique, but Trump subsequently posted a message on Twitter slamming Canadian Prime Minister Justin Trudeau's press conference held after the summit. Read More

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20% tariff on pork imports among measures that take effect today

20% tariff on pork imports among measures that take effect today

The White House was burned by British troops in 1814 as part of a failed invasion of the mid-Atlantic, more than 50 years before the signing of Canada's confederation paved the way for the country to become independent. The United States is reportedly preparing to unleash another round of tariffs on Canada as retribution for its Can$16.6 billion (US$12.9 billion) in tariffs on USA goods. Read More

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Petrol prices are set to drop around the country

Petrol prices are set to drop around the country

Price of non-branded diesel was also reduced to Rs 68.80 per litre in New Delhi , Rs 71.35 per litre in Kolkata , Rs 73.25 in Mumbai and Rs 72.64 per litre in Chennai . Since April, growing concerns about risks to global crude oil supplies have caused worldwide oil prices, and local retail petrol prices, to jump dramatically, peaking in May. Read More

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India's growth likely topped 7 percent again in January-March quarter

India's growth likely topped 7 percent again in January-March quarter

The GDP growth data released yesterday presents an optimistic picture of the economy, reflected in y-o-y growth for Q4, especially for construction and manufacturing sectors, Ficci President Rashesh Shah said. "The ability of public sector banks to support lending growth, the risk of monetary tightening and trade wars, and impact of higher crude oil prices on purchasing power of consumers and corporate earnings have emerged as risks", said Aditi Nayar, principal economist at ICRA. Read More

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Different flavors, but Italian pizza: coalition government takes office this Friday

Different flavors, but Italian pizza: coalition government takes office this Friday

Italian stocks were trading higher as signs emerged of a compromise to avoid snap elections that could be dominated by the issue of euro membership, calming investors. Seriousness", he said. "We will help them, as we always did. "The idea of allocating more money for the protection of the external border, so allocating more money for the management of migratory flows, more management for common security are all things for which we have been advocating more commitment by the ... Read More

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Aussie Shoppers Blocked From Using Amazon's US Website

Aussie Shoppers Blocked From Using Amazon's US Website

The call not to ship overseas to Australia may see the use of geo-blocking software to avoid the ban. While we regret any inconvenience this may cause, from 1 July we will be redirecting Australian customers from our worldwide Amazon sites to amazon.com.au where you can shop for products sold by Amazon US on the new Amazon Global Store, available today. Read More

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AAA: Memorial Day weekend travel to reach new high

AAA: Memorial Day weekend travel to reach new high

Those numbers come from AAA , which reported that regular gasoline was going for $3.27 per gallon in the Tri-Cities on Wednesday, up from $2.75 previous year this time . According to AAA , the average daily cost to rent a auto is down 11 percent from a year ago. "Typically more than our regular weekend we'll come up aside from the holiday weekend, as well Memorial Day, Fourth of July, it's always hiked up", said Mitch Kujawa. Read More

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No plans to reduce Value-Added Tax on fuel, indicates Guj Deputy CM

No plans to reduce Value-Added Tax on fuel, indicates Guj Deputy CM

He further pointed out that less production of oil in the Organization of the Petroleum Exporting Countries (OPEC) and hike in crude oil price in the worldwide market are some of the factors affecting the fuel price . 2.579 lakh crore by levying taxes on petroleum products. Similarly, in Delhi the fuel's price inched higher to a new record of Rs 77.17, and in Kolkata, it cost Rs 79.83, nearly a five-year high. Read More

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Most startups to find going tough after EU data norms

Most startups to find going tough after EU data norms

We've all received emails from companies asking to stay in touch with us for weeks now, but why is it happening? If you leave your address there then it will auto-fill each time you enter a competition and if you win a prize then that address will be passed on to the third party for them to send the prize to, but not for any other objective. Read More

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U.S. to Impose

U.S. to Impose "Strongest Sanctions in History" on Iran, Said Pompeo

The spat comes after several European companies expressed concern about continuing business with Iran following the USA exit, raising further doubts about the viability of the deal. "People, I think, are overstating the disagreements between the USA and Europe". He said the deal "merely delayed the inevitable nuclear-weapons capability" that he said Iran was developing, and that the pact put the "world at risk". Read More

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Senate Passes Resolution To Save The Internet

Senate Passes Resolution To Save The Internet

After all, the Republicans control the House of Representatives and there's very little chance the Democrats could get the same support to force the issue there. As a current member of the committee and a former small business owner, Shaheen understands the importance of putting small businesses first. " The FCC's net neutrality decision was a brazen attack on the principles of a free and open internet and it should absolutely be overturned by the Congress ", Malloy said. Read More

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Watch the song contest online for free in Australia

Watch the song contest online for free in Australia

On stage were representatives of 19 countries, but only ten of them will fight in the final, which will take place this Saturday. Participants of " Eurovision " was met with four leading. The BBC has an all-LGBT commentary line-up this year. Rough translation: Australia is facing a more even field in Friday's second semi-final, where our biggest threat is Norway's Alexander Rybak, lifting our chances of a successful result. Read More

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Unemployment Rate Falls to 17-Year Low - US Adds 164000 Jobs

Unemployment Rate Falls to 17-Year Low - US Adds 164000 Jobs

The official jobs tally initially showed an increase of an upwardly revised 135,000 in March. That's the 91st consecutive month of jobs gains - a streak never seen before. But if you look at the average hourly earnings for production and nonsupervisory workers - the only numbers we have that go back to the last time unemployment was this low - you see a different story right now: stagnant wage growth no matter how low unemployment is. Read More

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