Money

Trump Renews Twitter Assault on OPEC

Trump Renews Twitter Assault on OPEC

Various sources show that "considerable uncertainty as to world oil demand and non-Opec supply prevails", Opec said , leading to a wide range of estimates for the remainder of 2018. The country, ...

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Feeling Bitter? Wetherspoons cans German beers & Champagne pre-Brexit

Feeling Bitter? Wetherspoons cans German beers & Champagne pre-Brexit

The switch will affect all 880 Wetherspoon pubs from 9 July. Tim Martin , who founded Wetherspoons and campaigned for Brexit , said the chain was "starting to make the transition to non-EU trade...

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Trump Spares Made-in-USA Apparel With Most Machinery Tariff

Trump Spares Made-in-USA Apparel With Most Machinery Tariff

Beijing responded to the move by saying that it intends to impose similar tariffs on USA imports, raising the specter of a full-blown trade war between the two economic giants. Soybeans are the stat...

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White House Hits China With New Tariffs, Ramping up Trade War

White House Hits China With New Tariffs, Ramping up Trade War

Senior congressional Democrats have called for the Trump administration to be tougher on China, slamming the president for his decision to help troubled Chinese telecommunications firm ZTE after it ...

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Volkswagen to pay 1 billion euro fine in Germany over emissions cheating

Volkswagen to pay 1 billion euro fine in Germany over emissions cheating

The fine is just the latest in a litany of payouts related to the automaker's attempts to circumvent emissions rules in the USA and other countries. The €1 billion ($1.2 billion) penalty was announc...

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Facebook bug set 14M user sharing settings to public

Facebook bug set 14M user sharing settings to public

In its confirmation of the story , Facebook acknowledged the information was given to a "small number" of companies including RBC Capital Markets and Nissan Motor, advertisers and other business part...

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Canceled American Airlines flights leave hundreds stranded in Charlotte

Canceled American Airlines flights leave hundreds stranded in Charlotte

An American Airlines plane takes off from Los Angeles International airport in Los Angeles, March 28, 2018. More than 675 American Airlines flights originating at Charlotte-Douglas International ...

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1 deputy shot dead, another critically injured when inmate overpowered them

1 deputy shot dead, another critically injured when inmate overpowered them

One Kansas sheriff deputy is dead and another is in critical condition after a shooting near a courthouse in Kansas City, Kansas, on Friday. Bailiff says it's possible the deputies were overcome wit...

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Seattle Repeals 'Head Tax' Designed To Combat Homelessness

Seattle Repeals 'Head Tax' Designed To Combat Homelessness

Several leaders, including three who sponsored the legislation but voted to repeal it, lamented the reversal and conceded they didn't have the resources to fight the referendum. Critics of the tax rep...

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Theranos founder Elizabeth Holmes resigns from firm she founded

Theranos founder Elizabeth Holmes resigns from firm she founded

Both Holmes and Balwani appeared before US Magistrate Judge Susan van Keulen today where they were arraigned on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Once called...

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Trump announces tariffs on $50 billion in Chinese imports

Trump announces tariffs on $50 billion in Chinese imports

He said that if China retaliated , the United States would authorize another round of tariffs on Chinese goods . The Association of Equipment Manufacturers, American Soybean Association, Natio...

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Kellogg's announces cereal recall due to Salmonella risk

Kellogg's announces cereal recall due to Salmonella risk

No deaths have been reported in connection with Honey Smacks , but the FDA says it's "working with the company to quickly remove this cereal from the marketplace". Symptoms of salmonella include fe...

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McDonald's set to ditch plastic straws

McDonald's said its decision followed a successful trial in selected restaurants earlier this year. The paper straws will be sourced from suppliers in Northern Ireland and Wales. But not everyone ...

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Chinese, US senior officials agree to promote ties

Chinese, US senior officials agree to promote ties

He can also delay the tariffs by another 180 days if the US Trade Representative's office finds that negotiations with China are yielding progress. Pompeo, who earlier yesterday met with officials f...

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Oil steady on US-North Korea optimism, but price falls look likely

Oil steady on US-North Korea optimism, but price falls look likely

Despite making this commitment, Iraq itself regularly exceeds the limit, according to experts. Opec and its partners are due to meet at its headquarters in Vienna , Austria, to discuss policy. Oi...

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Mark Sanford: I pledge allegiance to the flag, not to Trump

Mark Sanford: I pledge allegiance to the flag, not to Trump

If the primaries were any indication of what is to be expected in the general election in November, the message is clear: Republican voters want candidates who support Trump . "This is clearly not ...

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SF requires highest hourly wage to afford 2-bedroom apartment

SF requires highest hourly wage to afford 2-bedroom apartment

The annual Out of Reach report from the National Low Income Housing Coalition analyzed every county in the US and found that there isn't anywhere that someone working a minimum wage job, 40 hours a ...

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Toyota Plans Billion-Dollar Investment in Ride-Hailing Startup Grab

Toyota Plans Billion-Dollar Investment in Ride-Hailing Startup Grab

Toyota's trading arm invested an undisclosed sum in Grab previous year. Last month, Toyoda pledged to transform the auto giant to meet a "once-in-a-century challenge". Grab has powerful backers tho...

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Record bitcoin price propped up by another digital currency

Record bitcoin price propped up by another digital currency

Questions about Tether and Bitfinex have dogged the cryptocurrency world since previous year, when Bitfinex lost banking relationships yet continued to operate, Bloomberg reported . With intent...

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Chicago picks The Boring Company for high-speed link to airport

Chicago picks The Boring Company for high-speed link to airport

At a news conference with Mayor Rahm Emanuel on Thursday, Musk said the Loop "will ultimately transition to the Hyperloop system". The Boring Company is promising that the system will transport ...

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