• Trump Accuses China of Trying to 'Change' US Election
Trump Accuses China of Trying to 'Change' US Election

It appealed for "pragmatic dialogue" to "jointly safeguard the principle of free trade and the multilateral trading system". "China's got lots of leverage ... Solid pluralities of registered voters in Illinois, Indiana, Missouri, Pennsylvania, Tennessee and Texas said tariffs will do more to increase costs of products and harm the economy.

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  • USA wages trade war on China with new $200bn tariffs
USA wages trade war on China with new $200bn tariffs

Those products will now be taxed 5 percent . Apple's smartwatch has been exempt from the new round of USA tariffs. Apple feared for its Apple Watch and its wireless AirPods headphones, but both were left off the list announced on Monday.

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  • Crucial period for oil as Iran's exports shrink
Crucial period for oil as Iran's exports shrink

Crude Oil and Gasoline posted the biggest gainers since late June as Hurricane Florence threatened US East Coast fuel markets and sanctions began crimping Iranian Crude Oil exports. But with the crisis in Venezuela showing no sign of abating, and with new USA sanctions on Iran's oil industry set to come into force on November 4, other producers...

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  • Trump Slaps New Tariffs on Chinese Products
Trump Slaps New Tariffs on Chinese Products

The U.S. has already levied additional tariffs on $50 billion in Chinese goods at 25 percent. Stocks fell Monday as markets braced for major escalations in the US-China trade war. China warns it has no choice but to retaliate against the latest round of USA tariffs but did not specify how. Turkey has in turn hiked tariffs on imports of several ...

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  • Trump poised to make major China trade announcement
Trump poised to make major China trade announcement

The latest round of imports will face 10 percent tariffs through the end of the year, and then the rate will jump to 25 percent. On Wall Street, all three major indices were solidly in the red toward 1930 GMT and word of the fresh round of tariffs had already sent Chinese stocks tumbling more than one percent, with the benchmark Shanghai Composit...

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  • Trump Sets Tariffs On $200 Billion In Imports From China
Trump Sets Tariffs On $200 Billion In Imports From China

At the same time, the administration said it is still open to negotiations with China. President Trump announced Monday that he is slapping additional tariffs on roughly $ 200 billion in Chinese imports and threatened to impose even more levies amid an escalating trade dispute.

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  • India to merge three state-owned banks
India to merge three state-owned banks

The government will continue to provide capital support to the merged bank, expected to be India's third largest, said Rajeev Kumar at a press conference in New Delhi . "This will hopefully create a mega bank that will be sustainable", Jaitley added. He added,"No employee will face any service conditions which are adverse in nature".

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  • Trump escalates trade war, sets new tariffs on $200B in Chinese goods
Trump escalates trade war, sets new tariffs on $200B in Chinese goods

A 10 percent tariff will go into effect September 24, the president said in a statement , and increase to 25 percent on January 1, 2019. Trump, in a statement announcing the new round of tariffs, warned that if China takes retaliatory action against United States farmers or industries, "we will immediately pursue phase three, which is tariff...

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  • USA to spare some Apple products from latest China tariffs
USA to spare some Apple products from latest China tariffs

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against US farmers or other industries. White House spokeswoman Lindsay Walters declined comment on the timing of a possible announcement, but said: "The President has been clear that he and his administration will continue to take action to addre...

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  • Coca-Cola preparing to make cannabis drink
Coca-Cola preparing to make cannabis drink

Coca-Cola insisted " no decisions have been made at this time " and said it would not comment on further speculation. Corona maker Constellation Brands is ploughing more than $4 billion into marijuana producer Canopy Growth to make cannabis based products, while Molson Coors Brewing Co's Canadian arm has said it will make cannabis-infused drinks...

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  • Iran says oil market is too tight for US zero exports targetNaija247news
Iran says oil market is too tight for US zero exports targetNaija247news

The number of ships loaded with Iranian oil and anchored off the loading port of Kharg Island and the Souroush oil field has also risen as Iran's pool of buyers shrank, the data showed. Iran , which is facing sanctions by the United States, saw its August production falling by 120,000 barrels per day. Kazempour has voiced scepticism that other pr...

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  • Meredith Sells Time Magazine for $190 Million
Meredith Sells Time Magazine for $190 Million

Meredith Corporation , which itself had just bought Time's parent company Time Inc. early this year, said the Benioffs are buying Time as individuals, with no connection to Salesforce or Marc Benioff's role as an executive and its co-founder.

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  • Karnataka Declares Rs 2/Litre Cut For Petrol, Diesel As Fuel Prices Soar
Karnataka Declares Rs 2/Litre Cut For Petrol, Diesel As Fuel Prices Soar

Fuel prices are lowest in the capital, followed by Kolkata, where a litre of petrol is being sold for Rs 83.91 and diesel for Rs 75.53. In what could be perceived as a sigh of relief for the common man, Karnataka Chief Minister HD Kumaraswamy, on Monday, announced that his government will be cutting the prices on petrol and diesel by Rs 2 per li...

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  • Bank of England leaves rates on hold
Bank of England leaves rates on hold

In the housing crash of the early 1990s prices fell 20 per cent between 1989 and 1993. Carney is due to speak in Dublin at 1000GMT. But many business chiefs and investors fear politics could get in the way, thrusting the world's fifth largest economy into a "no-deal" divorce they say would weaken the West, spook financial markets and clog up th...

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  • Typhoon Mangkhut death toll climbs in Philippines
Typhoon Mangkhut death toll climbs in Philippines

The plans of tens of thousands of travelers were disrupted by flight cancellations at Hong Kong's global airport, a major regional hub. "Southern regions including the provinces of Guangdong, Fujian and Hainan will be hit by gales and storms on Sunday and Monday", the National Meteorological Center told China's official Xinhua news agency.

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  • Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence
Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence

The company has six nuclear plants in the path of the storm, but Brunswick is by far the closest to the Atlantic Ocean. In a press briefing, Jeff Byard, associate administrator for the FEMA Office of Response and Recovery, said the agency was not concerned about the power plants in the storm's path "at this time".

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  • Canada's legal marijuana creates risk for investors at U.S. border
Canada's legal marijuana creates risk for investors at U.S. border

States and Canada , the sale, possession, production and distribution of marijuana remain illegal under U.S. federal law", Niezgoda said. In the meantime, workers in Canada's cannabis sector should stay away from the US border until they find a new job, said Levitt.

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  • 'Presidential Alert': FEMA to test emergency alert system next week
'Presidential Alert': FEMA to test emergency alert system next week

The Wireless Emergency Alerts (WEA) system is already in use in the U.S. -smartphone users are likely familiar with the loud, droning tone of flood warnings or Amber alerts. Any cellphone that is powered on, connected to a WEA member's network, and is within range of an active cell tower will receive the message once. The messages will bear the h...

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  • 'If in doubt, throw them out': Needles in strawberries prompt warning
'If in doubt, throw them out': Needles in strawberries prompt warning

However, the Donnybrook farm strawberries are sold broadly across the country, in both Coles and Woolworths . Queensland's Chief Health Officer Dr Jeannette Young said anyone who had Berry Licious or Berry Obsession strawberries at home should not use them.

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  • Volkswagen to end iconic 'Beetle' cars in 2019
Volkswagen to end iconic 'Beetle' cars in 2019

As the World War II began, Volkswagen had to halt its production. The Fuehrer formed a state owned automobile company in 1937, and among the first objectives of this firm was to produce cars for as low as 1000 Reichsmark (approximately $140 back in 1938).

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