Business


'Not thrilled' with interest rate hikes 'Not thrilled' with interest rate hikes
- July 23, 2018

China imports far less from the USA, buying about US$130 billion in American goods past year, so it doesn't have as much to leverage with tariffs, but it could use other measures to hit trade such as tightening regulatory oversight. After the interview, Trump reiterated criticism of planned interest-rate hikes by the Federal Reserve, saying in a Twitter post that tightening policy would diminish any U.S. (more...)
G20 calls for stepped-up trade dialogue; no agreement on path forward
- July 23, 2018

THE United States sought to woo Europe and Japan with free trade deals to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G-20 finance ministers meeting dominated by trade tensions. (more...)
World crude prices rise World crude prices rise
- July 23, 2018

U.S. President Donald Trump said in a CNBC interview he was ready to put tariffs on $500 billion of imported goods from China. "And spare capacity is getting very tight very quickly". Among them, the Indian Ministry of Oil and Gas said that India does not recognize unilateral sanctions and only recognizes sanctions imposed by the United Nations. (more...)
Mega Millions jackpot increases just in time for the weekend Mega Millions jackpot increases just in time for the weekend
- July 23, 2018

The jackpot, which was sitting at $433 million, has now jumped to almost a half-billion dollars. The jackpot has now rolled over 22 times since the last Mega Millions victor on May 4. Three $1 million tickets were sold Tuesday night in Florida , New Jersey and Oklahoma, according to lottery officials. Shared winners in Illinois, Kansas and Maryland scooped up the record jackpot of $656 million on March 30, 2012. (more...)
Ritz Crackers issues recall for risk of salmonella Ritz Crackers issues recall for risk of salmonella
- July 23, 2018

The recall only affects products sold in eastern Canada. There was a similar recalled issued earlier in the week regarding Hungry-Man chicken dinners. There have been no complaints of illness reported to Mondelez Global to date in connection with these products. "Healthy people may experience short-term symptoms such as fever, headache, vomiting, nausea, abdominal cramps and diarrhea". (more...)
Ottawa inflation rate rises to 2.5% in June Ottawa inflation rate rises to 2.5% in June
- July 23, 2018

The solid economic indicators come after Bank of Canada Governor Stephen Poloz raised the bank's benchmark interest rate to 1.5 per cent last week - the fourth hike in 12 months - and signalled that more increases could be in the works this fall, despite uncertainty surrounding trade agreements with the United States and the threat of tariffs on a growing number of goods. (more...)
Chinese yuan defies Trump comments, continues slide Chinese yuan defies Trump comments, continues slide
- July 23, 2018

The U.S. president also lamented the strength of the dollar and accused the European Union and China of manipulating their currencies . WEEK AHEAD: Investors are keeping an eye on the European Central Bank policy meeting and data on how the USA economy performed in the second quarter. (more...)
OH family says teen was targeted by scammer while playing Fortnite OH family says teen was targeted by scammer while playing Fortnite
- July 22, 2018

He said chatting with others across the globe, a gamer built up his trust - convinced him to give up his user name and password with a promise the gamer would give him more skins. Amy told WLWT that she wanted to tell their story so other families don't fall victim to similar scammers. According to WLWT, gaming websites recommend that you do not share your personal information and use throwaway credit cards not linked to a bank account. (more...)
BA warns of continued disruption after Heathrow chaos BA warns of continued disruption after Heathrow chaos
- July 22, 2018

British Airways passengers faced "chaos" at Heathrow Terminal 5 on Wednesday as an IT failure brought long queues at check-in desks and flight cancellations, with disruption possibly continuing today. "As a result of the runway being unavailable, a number of aircraft diverted away from Gatwick". One passenger was told that delays could be up to "three to five hours". (more...)
No Name chicken nuggets, Ritz Bits sandwiches recalled due to salmonella
- July 22, 2018

Loblaw Companies Ltd.is recalling certain No Name brand Chicken Nuggets and unbranded $10 Chicken Fries. Mars Food said most of the products have been pulled from shelves and it's working with several retailers in eastern Canada to have the rest of the product removed from stores. (more...)
Boston woman becomes 'millionaire for ten minutes' after account mix-up Boston woman becomes 'millionaire for ten minutes' after account mix-up
- July 22, 2018

A Boston woman is looking back on her 10 minutes as a millionaire after a banking error was made in her favor and quickly corrected. "I thought, wow, that's awesome!" She tells The Boston Globe her first thoughts were to quit her job and pay off her student loans. (more...)
Ryanair to cancel 600 flights next week Ryanair to cancel 600 flights next week
- July 22, 2018

Ryanair last night tweeted a letter it sent to Forsa, urging it to call off its third 24-hour stoppage scheduled for Tuesday. The pilots are also planning to strike on July 24. Due to the next strike planned by Ryanair's cabin crews in Spain, Belgium and Portugal for July 25 and 26, the low-priced airline has cancelled about 600 flights across Europe on those dates. (more...)
Dominic Raab: UK could withhold Brexit divorce bill without trade deal Dominic Raab: UK could withhold Brexit divorce bill without trade deal
- July 22, 2018

The Prime Minister attempted to deny these criticisms at a press conference in Northern Ireland on Friday, but just hours later Barnier - perhaps unintentionally - completely undermined her, telling reporters that one the "very positive" aspects of Chequers is that guarantees "the role to be played the ECJ as sole arbiter". (more...)
Ryanair pilots plan more action as cabin crew strike next week Ryanair pilots plan more action as cabin crew strike next week
- July 22, 2018

Ryanair confirmed that it has already issued email and text messages to the affected customers advising them that their flights have been cancelled seven days in advance due to a notified strike by some cabin crew in Belgium, Portugal and Spain. (more...)
UK To Refuse Brexit Bill Without Trade Deal
- July 22, 2018

Conscious of May's fragile political situation in London , EU ministers were keen not to be harsh on the white paper, that they see as part of the next phase of talks on the future partnership, rather than the urgent negotiations needed to finalise the withdrawal agreement. (more...)
‘Ready to tax all Chinese imports’
- July 22, 2018

President Trump took to Twitter on Friday to defend his trade policies, saying that currency manipulation from other countries and previous bad trade deals caused losses that the United States is entitled to recapture. The Chinese government has let the yuan weaken by around 4% against the dollar in the past month, among the sharpest one-month drops in value in its history. (more...)
Cadbury Announces New Sugar Reduced Dairy Milk Bar Cadbury Announces New Sugar Reduced Dairy Milk Bar
- July 22, 2018

The company also has "longer-term" plans to reformulate Cadbury Brunch bars to reduce sugar by around 20% and to explore a lower-sugar option for Oreo. "While we don't now have any plans to bring reduced sugar Cadbury Dairy Milk milk chocolate to Australia, we're always looking at products from across our global portfolio that we think Australians will love and will meet the taste preferences of local Cadbury fans", Associate director of Everyday Chocolate Paul Chatfield said in a statement. (more...)
FDA to crack down on non-dairy beverages labeled as 'milk' FDA to crack down on non-dairy beverages labeled as 'milk'
- July 22, 2018

To date, the agency has not aggressively gone after the proliferation of plant-based drinks labeled as milk . More recently, disagreements have surfaced over what to call meat that is grown throw culturing cells, which is a science still in its infancy. (more...)
Facebook fears government-tied firm abused user info Facebook fears government-tied firm abused user info
- July 22, 2018

Facebook said Friday it suspended a longtime partner that had used data from Facebook and other social networks to assist governments - including Russia, Turkey, and the United States - in monitoring public sentiment, a more cautious approach in the aftermath of a data privacy scandal. (more...)
After Rough Start, Prime Day Shoppers Nab Fire TVs, Echo Dots After Rough Start, Prime Day Shoppers Nab Fire TVs, Echo Dots
- July 22, 2018

Over 50,000 participating small and medium-sized businesses saw an average growth of 240% this Prime Day over an average dayin June. For shoppers in the United Kingdom for the Amazon sale. "Amazon's stock might seem pricey at 140 times this year's earnings, but it remains an essential long-term play on the e-commerce and cloud markets". (more...)
Marchionne leaves Ferrari due to poor health Marchionne leaves Ferrari due to poor health
- July 22, 2018

FCA's board of directors met today to accelerate the CEO transition process in response to the news of Marchionne's health complications. Marchionne had planned to retire as CEO of FCA in 2019, but continue as head of Ferrari until 2021. (more...)
Powell faces barrage of questions on trade - 7/18/2018 10:39:25 AM Powell faces barrage of questions on trade - 7/18/2018 10:39:25 AM
- July 21, 2018

He added that the regulators should be open to the new ideas and innovations that will drive economic growth and improvements in the financial system. -China trade war. Easier monetary policy tends to weaken a currency. Economists expected inflation to have grown at 4.8% year on year on year. "He will undoubtedly acknowledge some downside risks associated with the administration's trade warmongering, but he will likely try to avoid sounding critical of the administration". (more...)
Fiat Chrysler chief Marchionne set to be replaced following health issue
- July 21, 2018

He will be replaced by Mike Manley, the head of the Italian-American company's Jeep division. A statement from Ferrari confirmed that John Elkann would take over as chairman, with a recommendation that Louis C. With Marchionne already due to step down next year, the board said it has "resolved to accelerate the CEO transition process" by naming Briton Manley as the Group's new CEO. (more...)
Burberry destroyed $37M worth of excess products to protect brand Burberry destroyed $37M worth of excess products to protect brand
- July 21, 2018

Luxury brand Burberry has come under fire for burning $50m worth of unsold stock a year ago. The firm says that energy generated from the fire was captured to make it environmentally friendly. The company did admit to more products being destroyed a year ago than usual because the brand's beauty line was acquired by the American beauty conglomerate Coty. (more...)
De Beers Canada signs deal for Peregrine Diamonds Ltd. for $107 million De Beers Canada signs deal for Peregrine Diamonds Ltd. for $107 million
- July 21, 2018

Peregine's key asset is the Chidliak Project, located in the Canadian Territory of Nunavut, 120 km northeast of Iqaluit. In the first half of this year, 70 per cent of the 9 million carats it mined came from Botswana, with just 11 per cent coming from Canada. (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 next »