Business


Trump courting other motorcycle companies after Harley Trump courting other motorcycle companies after Harley
- July 03, 2018

President Donald Trump says his administration is courting motorcycle companies that want to move to the US after Harley-Davidson disclosed last week it would move some assembly overseas. Harley-Davidson said tariffs on motorcycle exports have increased by 31%, hiking prices by about $2,200, on average, per motorcycle. Trump warned that the company would not be able to sell foreign-made motorcycles in the U.S. (more...)
Lyft pushes into bikes with new acquisition Lyft pushes into bikes with new acquisition
- July 03, 2018

It will continue to provide service to bike-share programs. A portion of Motivate's operations will change its name to Lyft Bikes. Motivate runs New York's Citi Bike, Chicago's Divvy, Washington D.C.'s Capital Bikeshare, and other services in major US cities. (more...)
Glencore share price slumps on USA subpoena over money laundering Glencore share price slumps on USA subpoena over money laundering
- July 03, 2018

The firm, the world's biggest commodities trader, said it was reviewing the subpoena and would provide further information "in due course as appropriate". "The Swiss trader and miner is already facing the possibility of a bribery investigation by United Kingdom prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of Congo President Joseph Kabila, people familiar with the situation said in May". (more...)
Mexico's victor reaches out to Trump, seeks NAFTA deal
- July 03, 2018

Early Monday, with about 40 percent of the votes counted, Lopez Obrador's advantage was close to the quick count's statistical sample. Presidential candidate Jose Antonio Meade, with the Institutional Revolutionary Party (PRI), gives the thumbs up to the press at a polling station during general elections in Mexico City, on July 1, 2018. (more...)
Washington blocks China Mobile from U.S. market
- July 03, 2018

The Federal Communications Commission should deny China Mobile's application, submitted in 2011, the National Telecommunications and Information Administration said in a filing distributed by email on Monday. And in retaliation, China is expected to enact its first round of tariffs on $34bn worth of U.S. products. The US in June reached a deal to allow ZTE to get back in business after the Chinese telecommunications company pays a record fine and agrees to management changes. (more...)
Moog Post Appeal To Save Jobs After 25% Trade Tariff Announced Moog Post Appeal To Save Jobs After 25% Trade Tariff Announced
- July 03, 2018

European Commission President Jean-Claude Juncker is to visit Washington by the end of July to help resolve the bitter trade dispute. Canada and the US are among the world's largest trading partners, with an estimated $673.9 billion in goods and services exchanged in 2017, with the USA scoring a small surplus ($8.4 billion), according to USA government data. (more...)
Tory war of words after Rees-Mogg's Brexit warning to PM Tory war of words after Rees-Mogg's Brexit warning to PM
- July 03, 2018

Mr Dodds also accused Taoiseach Leo Varadkar and other European leaders of attempting to "bully and intimidate" the United Kingdom into agreeing a deal of their liking. But former Conservative leader and Brexiteer Lord Howard told Today: "The Prime Minister has made a series of promises, the Prime Minister has repeatedly said that we must regain control of our laws, our money and our borders". (more...)
Mexico's Lopez Obrador commits to NAFTA after landslide win
- July 03, 2018

Lopez Obrador arrived at a hotel in downtown Mexico City for the first of two victory speeches Sunday night in a bland white sedan befitting the "man of the people" image he has projected for over a decade. "I will not disappoint you and I will not betray my people", he said. According to the New York Times , Mr Lopez Obrador has already drawn comparisons to the US President for his nationalist impulses, populist rhetoric and combative personality. (more...)
Largest U.S. business group attacks Trump on tariffs Largest U.S. business group attacks Trump on tariffs
- July 03, 2018

The European Union has warned the United States that imposing import tariffs on cars and vehicle parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on US$294 billion of U.S. The EU regards national security arguments as nonsense: In its report, the European Commission warned the USA government that the move would be unacceptable. (more...)
EU Warns US Against Car Tariffs
- July 03, 2018

Trump, however, has repeatedly defended his position, criticizing the European Union, Canada, and China on trade both during the Fox interview and at a recent rally in SC, where Trump went as far as to declare the United States the "piggybank" other nations like to take from. (more...)
Algeria warns Saudi Arabia, Russia against increasing oil output Algeria warns Saudi Arabia, Russia against increasing oil output
- July 03, 2018

He warned against any move in the crude market by any country to replace Iran's share, saying that those who intend to do so will betray Iran and will be punished someday. Croft said. In a move to beat USA sanctions, Iran will let private companies to export crude oil , First Vice President Eshaq Jahangiri announced on Sunday. (more...)
Leaked Document Shows Trump Wants To Destroy WTO Relationship
- July 03, 2018

Most officials involved in the bill's drafting, with the exception of hardline trade adviser Peter Navarro, think the bill is unrealistic or unworkable, with a source calling the proposal "insane" and adding that "Congress would never give this authority to the president". (more...)
LeBron James and Lakers agree to 4-year deal LeBron James and Lakers agree to 4-year deal
- July 03, 2018

Whatever you think of the move, one thing is for sure: if you live on the East Coast, you'd better invest in coffee, as the most exciting games will air on West Coast time for the 2018-19 season. And thanks to hoisting the trophy that night two years ago-bringing Cleveland its first major sports championship in more than 50 years-LeBron's departure for L.A. (more...)
State Dept. tries to convince Europe, Asia to avoid Iran ties
- July 03, 2018

Buyers of Iranian crude oil have been hoping for relief from USA sanctions in order to have more time to reduce purchases. These sanctions will also apply to countries and corporations who decide to do business with Iran. President Trump said in an interview with Maria Bartiromo on Sunday that the administration would "absolutely" impose secondary sanctions on European companies if they do business with Iran. (more...)
Seattle’s Ban On Plastic Straws And Utensils Now In Effect Seattle’s Ban On Plastic Straws And Utensils Now In Effect
- July 03, 2018

Seattle has officially banned restaurants from giving customers plastic straws with their drinks for environmental reasons , becoming the first major USA city to do so. The use of Styrofoam packaging in food service was banned in 2009. Aside from the ban, Seattle food service businesses are also required to use collection bins for compostables and recyclables, which went into effect in 2010. (more...)
Dell makes move to go public again after months-long review Dell makes move to go public again after months-long review
- July 02, 2018

Details on the acquisition of the DVMT tracking stock, which could still fall through, could not be learned, the WSJ said. The implied value of the Class V shares is $109 a share, it added. VMWare's board of directors (remember, Dell acquired EMC for $67 billion in 2015) has voted to declare an $11 billion cash dividend pro rata to all VMWare stockholders. (more...)
Tory Brexiteer's Message To Remainers Turning On Jacob Rees-Mogg Tory Brexiteer's Message To Remainers Turning On Jacob Rees-Mogg
- July 02, 2018

Senior Tories condemned Jacob Rees-Mogg's "insolence" after he threatened Theresa May with an open rebellion is she failed to deliver a "real Brexit". The ideological right are a minority despite their noise & should pipe down . I think we would all benefit from a period of from the ultras on both ends ... (more...)
European Union warns Trump with legal proceedings at the WTO over trade tariffs European Union warns Trump with legal proceedings at the WTO over trade tariffs
- July 02, 2018

A source familiar with Trump's thinking told Reuters he has said privately that the USA should get out of the WTO but that it was not a serious proposal. "He thinks there's aspects of it that aren't fair". "I'm not familiar with any plans right now, at this point", The Hill quoted White House legislative affairs director Marc Short, as saying. (more...)
Want to start an Amazon delivery business? Want to start an Amazon delivery business?
- July 02, 2018

The online retailer, which past year shipped more than 5 billion packages through its Prime program, on Thursday said it is looking for hundreds of entrepreneurs "with little to no logistics experience" to set up their own delivery businesses - complete with Amazon-branded vehicles and uniforms. (more...)
Automakers, manufacturers oppose Trump call for auto tariffs Automakers, manufacturers oppose Trump call for auto tariffs
- July 02, 2018

According to the Michigan-based Center for Automotive Research, of the vehicles GM sold in the U.S.in 2017, 30 percent were imported from other countries. The input "will enable us to make our best informed recommendation to the President", he said. All of the vehicles Mazda now sells in the United States are imported from overseas. (more...)
Seattle plastic straw, utensil ban takes effect Seattle plastic straw, utensil ban takes effect
- July 02, 2018

New York City introduced legislation to ban plastic straws in May. The plastic utensil ban is actually part of a 2008 city ordinance that city leaders say wasn't realistic because businesses didn't have other options. "When this started out they were about 30-40 percent more expensive than petroleum-based products", Moscrip told KIRO 7. As for enforcement, the city is not planning any fines, but instead working with restaurants found still using plastic utensils. (more...)
Canada trade tariffs expected to affect Maritime business
- July 02, 2018

Trudeau called on Canadians to stick together as some companies benefit and others suffer from the American tariffs and Canadian countermeasures. As temperatures and tensions increase, the measures targeting Can$16.6 billion (US$12.6 billion) in United States steel, aluminum and consumer goods will take effect on Sunday, when Canadians celebrate a national holiday and just days before Americans celebrate Independence Day amid a heatwave expected in both countries. (more...)
Vedanta Resources to delist from London Stock Exchange Vedanta Resources to delist from London Stock Exchange
- July 02, 2018

But the company has come under scrutiny since May following demonstrations where police killed 13 protesters at a copper smelter in India. Earlier this year, a court ordered a halt to iron ore mining in Goa on environmental concerns. "But it's a relatively good outcome". Also, the offer of cash provides an immediate and certain premium. Vedanta Resources was created to provide a platform to access a deeper pool of equity and debt capital in the United Kingdom and global markets, when ... (more...)
Manufacturing activity expands in June at its strongest pace this year
- July 02, 2018

The June sub-index tracking input costs jumped to almost a four-year high of 58.6 from May's 54.7 per cent, indicating a further rise in inflationary pressures which manufacturing firms are at the moment reluctant to pass on entirely to customers. (more...)
All aboard Hello Kitty: Pink bullet train debuts in Japan All aboard Hello Kitty: Pink bullet train debuts in Japan
- July 02, 2018

In Osaka, the train's final stop, about 400 fans waited for the arrival, cheering and taking photos during its 16-minute stopover before it headed back to Fukuoka. (WebDesk) - A sleek "Hello Kitty" bullet train festooned with images of the global icon from Japan began services on Saturday, drawing hundreds of fans to its opening ceremony. (more...)

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