Oil trades near four-year peak ahead of sanctions on Iran

Oil prices have jumped to a four-year high as traders scramble to find alternative sources of crude ahead of United States sanctions against Iran , which come into effect next month. Crude prices have roughly tripled from lows hit in January 2016 af... More..

by | Published more than a month ago
Tesla misses weekly Model 3 production target, warns of trade war impact
by | Wednesday, October 03, 2018

Tesla misses weekly Model 3 production target, warns of trade war impact

Overall in the third quarter the company produced 53,239 of the cars in the third quarter, in line with its target of 50,000 to 55,000 Model 3s, and delivered 55,840 of the vehicles to customers. Musk, 47, has ...More..

Facebook hit with class-action lawsuit in Canada after massive security breach
by | Tuesday, October 02, 2018

Facebook hit with class-action lawsuit in Canada after massive security breach

Surprisingly, Mark Zuckerberg and Sheryl Sandberg, Facebook's COO were also affected by the attack. "Following the identification of the breach, Facebook were quick to address the vulnerability, take step...More..

GE's Flannery steps down as CEO, shares jump 15 percent
by | Tuesday, October 02, 2018

GE's Flannery steps down as CEO, shares jump 15 percent

GE will need to take a goodwill impairment charge of almost all the $23 billion in its goodwill balance, according to the company. The company has recruited two renowned turnaround experts to replace Mr Flann...More..

California Governor signs strong net neutrality protections into law
by | Tuesday, October 02, 2018

California Governor signs strong net neutrality protections into law

In March, Brown accused the Trump administration of essentially declaring war on the most populous US state after the Justice Department sued to stop policies that protect illegal immigrants against deportation...More..

Air Force Trainer Project Bidding Are About to Be Released
by | Monday, October 01, 2018

Air Force Trainer Project Bidding Are About to Be Released

The Air Force wants to replace its aging fleet of T-38 planes, which are pushing 50 years old. Because Boeing lost the F-35 jet fighter contract to Lockheed, and the B-21 Air Force stealth-bomber contrac...More..

by | Saturday, September 29, 2018

Elon Musk Turned Down an SEC Settlement

The agency says in a complaint filed Thursday that Musk falsely claimed in an August 7 statement on Twitter that funding had been secured for Tesla Inc.to go private at $420 per share, a substantial premium o...More..

Trudeau disputes Trump's claims that Canada requested meeting with president
by | Friday, September 28, 2018

Trudeau disputes Trump's claims that Canada requested meeting with president

Freeland declined to comment specifically on Chapter 19, saying only that "rule of law is an extremely important part of how we do things, including trade". "Canada has a long way to go". I must be honest with ...More..

by | Thursday, September 27, 2018

Oil eases, but Iran sanctions keep Brent above $80 a barrel

In a speech before the United Nations, Mr Trump reiterated calls on the Organization of the Petroleum Exporting Countries to pump more oil and stop raising prices. The website of Iran's oil ministry, Shana.ir...More..

Michael Kors set to buy Versace for $2 billion
by | Thursday, September 27, 2018

Michael Kors set to buy Versace for $2 billion

Shares of Kors fell 7.4 per cent to US$67.32 in mid-morning trading in NY. Another measure both brands should take is also separating Michael Kors (the founder) from this process (at least publicly) to help...More..

Huge US-China punitive tariffs take effect
by | Wednesday, September 26, 2018

Huge US-China punitive tariffs take effect

What has happened so far? . "This is why we believe that the trade war complies neither with the Chinese nor with United States trade interests". Washington is demanding Beijing improve market access and...More..

Instagram's co-founders are leaving Facebook
by | Wednesday, September 26, 2018

Instagram's co-founders are leaving Facebook

Presently, Instagram has over 1 billion users. It's rumoured from TechCrunch that the pair were unhappy with their control over Instagram as their independence from Facebook was becoming increasingly weak...More..

Amazon may open 3,000 cashierless stores by 2021
by | Friday, September 21, 2018

Amazon may open 3,000 cashierless stores by 2021

The company unveiled its first cashierless store near its headquarters in Seattle in 2016. Amazon opened its first cashierless store in Seattle two years ago (pictured) and has launched two additional loc...More..

Chinese Premier Slams
by | Thursday, September 20, 2018

Chinese Premier Slams "Unilateralism" In Trade Disputes

Trump has framed the conflict as a necessary fight, arguing that China has been breaking global trade rules for years at the expense of American workers. The trade rivalry between the US and China escalated to ...More..

China to Hit U.S. With 'Synchronized' Retaliation for Latest Tariffs
by | Wednesday, September 19, 2018

China to Hit U.S. With 'Synchronized' Retaliation for Latest Tariffs

China said Tuesday (Sept 18) it would "take countermeasures" after US President Donald Trump announced new tariffs on US$ 200 billion of Chinese imports taking effect next week. He campaigned on a promis...More..

Coca-Cola considering cannabis beverages
by | Tuesday, September 18, 2018

Coca-Cola considering cannabis beverages

The iconic beverage brand hopes to partner with Canada's number two cannabis company in the CBD market, a non-psychoactive cannabinoid commonly found in marijuana and hemp plants. Have you ever had a cannab...More..

by | Tuesday, September 18, 2018

Trump imposes tariffs on $200B more of Chinese goods

China's Foreign Ministry said it welcomed the invitation, but Trump later raised questions about it, saying on Twitter that he was under no pressure to make a deal with Beijing and that the United States "will ...More..

Canada cannabis entrepreneurs 'could face USA lifetime ban'
by | Monday, September 17, 2018

Canada cannabis entrepreneurs 'could face USA lifetime ban'

In the meantime, workers in Canada's cannabis sector should stay away from the USA border until they find a new job, said Levitt. Owen said if travelers lie about past drug use during questioning, that's "fra...More..

Super Typhoon Mangkhut threatens China
by | Monday, September 17, 2018

Super Typhoon Mangkhut threatens China

Palangdan said the area where the bunkhouse was located was "dangerous because there was a big tunnel mined" by a private corporation decades ago, blaming mining for the landslides that hit the town of almost...More..

Trump Wants $200 Billion in China Tariffs Despite Talks, Sources Say
by | Saturday, September 15, 2018

Trump Wants $200 Billion in China Tariffs Despite Talks, Sources Say

Almost half of respondents - who work in retail, food and manufacturing - say production costs have climbed, and 42 percent said they've noticed a decreased demand for their products. demands", the newspaper ...More..

Before Trump, Obama was an 'enemy of press freedom'
by | Thursday, September 13, 2018

Before Trump, Obama was an 'enemy of press freedom'

Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel . "The Economy is sooo good, perhaps the best in our country's history", Mr Trump tweeted Monday, ad...More..

China's trade surplus with U.S. hit new record in August
by | Tuesday, September 11, 2018

China's trade surplus with U.S. hit new record in August

The implementation of tariffs on US$200 billion of products from China "will take place very soon depending on what happens", Trump told reporters on Air Force One on Friday. But, as the Guardian noted, T...More..

Barack Obama slams Donald Trump, warns of 'dangerous times'
by | Saturday, September 08, 2018

Barack Obama slams Donald Trump, warns of 'dangerous times'

At an appearance at the University of IL at Urbana-Champaign, Obama had direct criticisms for President Trump and the Republican party in general going into the midterm elections. "That is not how our democra...More..

Tech billionaire returns to China after US arrest
by | Tuesday, September 04, 2018

Tech billionaire returns to China after US arrest

John Elder, a police spokesman, declined to provide any further details of the case or circumstances of the arrest because the investigation was still considered active, according to the Associated Press . H...More..

On Labour Day, Trump hits back at largest union leader
by | Tuesday, September 04, 2018

On Labour Day, Trump hits back at largest union leader

On "Fox & Friends", Dr. Sebastian Gorka, who served as a deputy assistant to the president, said Trump isn't getting enough credit for his economic policies, particularly in striking the United States-Mexico Tr...More..