Economy

Economy Alphabet shrugs off EU's record €4.3bn fine
Author: 0 Alphabet shrugs off EU's record €4.3bn fine

But those issues have yet to halt Alphabet , which has grown quarterly revenue at least 20 percent year-over-year for two straight years. Google, though, has increasingly linked together its services technologically through automated ad-buying tools that empower algorithms rather than humans to pick where ads are placed.

Economy Pepperidge Farm Recalls 4 Varieties Of Goldfish Crackers Due To Salmonella Risk
Author: 0 Pepperidge Farm Recalls 4 Varieties Of Goldfish Crackers Due To Salmonella Risk

The Canadian Food Inspection Agency says Goldfish Flavour Blasted Xtreme Cheddar Crackers sold in both 180-gram and 69-gram packages are being recalled. How did Pepperidge Farm decide to issue this recall? The products were distributed in the United States and no illnesses have been reported. Salmonella bacteria can cause fever, stomach cramps and diarrhoea and can be fatal for people with weakened immune systems.

Economy Alphabet's quarterly profits fall after $5 billion European Union fine
Author: 0 Alphabet's quarterly profits fall after $5 billion European Union fine

The EU Competition Commission found that Google violated antitrust regulations by requiring that phone manufacturers install certain Google apps on Android phones (like Search and Chrome), pay these manufacturers to limit the installation of Search apps on their phones to Google Search, and ban the release of handsets using unapproved versions of Android .

Economy US Treasury Secretary denies any chance or a currency war
Author: 0 US Treasury Secretary denies any chance or a currency war

The dollar index is so far up 2.4 percent this year. China's ministry of commerce stated that it was shocked by Trump's threats and that it would file a complaint with the World Trade Organization and, while it did not immediately say how it would respond, the ministry called Trump's threats completely unacceptable.

Economy Industry hails GST rate cuts, decision to allow quarterly filing of returns
Author: 0 Industry hails GST rate cuts, decision to allow quarterly filing of returns

Despite the praise, some are even arguing that the prices of sanitary napkins will actually go up after this move since local manufacturers, who have to pay input taxes but do not get any input credit, will increase their prices. The high court bench had observed that sanitary pads are a necessity, and there can not be any explanation to tax them and exempt other items by listing them in the category of necessities.

Economy Trump’s Iran tweet quickly and deservedly became an ALL-CAPS meme
Author: 0 Trump’s Iran tweet quickly and deservedly became an ALL-CAPS meme

Mr Rouhani suggested peace was still possible and said: "America must understand well that peace with Iran is the mother of all of peace, and war with Iran is the mother of all wars". Pompeo also tweeted a succession of messages in Persian, trying to bring his message directly to any Iranians who are able to skirt their country's censors.

Author: 0 Tesla Reportedly Asked Suppliers for Cash Back to Show Profit

Shares of Tesla Inc TSLA .O fell as much as 6.6 percent on Monday after a report that the electric auto maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit. Of course, this news won't make Tesla investors happy. Tesla's Australia and Asia media office, as well as a spokesman and spokeswoman in the USA, didn't reply to emails seeking comment on the Journal report.

Economy FDA: Kentuckians among the 163 sick from parasite in McDonald's salad
Author: 0 FDA: Kentuckians among the 163 sick from parasite in McDonald's salad

Seven of these people have been hospitalized and no deaths have been reported. On July 12, 2018, an investigation by the United States Centers for Disease Control , the U.S. Del Monte has now recalled all of their vegetable trays. "For those seeking additional information about Cyclospora , we encourage them to visit the CDC and FDA websites".

Economy Trump threatens tariffs on all $500 billion of Chinese imports
Author: 0 Trump threatens tariffs on all $500 billion of Chinese imports

The comments also signaled an undiminished appetite for battle on multiple fronts after a week dominated by coverage of the fallout from his dealings with Russian President Vladimir Putin. USA government bond yields rose as Trump repeated his criticism a day earlier of the Federal Reserve's policy on raising interest rates, saying it takes away from the United States' "big competitive edge".

Economy China's yuan plunges again. Is a currency war coming?
Author: 0 China's yuan plunges again. Is a currency war coming?

The MSCI Emerging Market Index gained 1.1 percent. But trade tensions are escalating anyway. That was a jump of 0.6 percent from 10,864.54 on July 13. Uniform supplier Cintas gained 5 percent to $203.30. Meanwhile, a host of recent reports suggest US producers-including makers of American whiskey , soy bean farmers , lobster fisherman and cranberry farmers -already feel the pain.

Economy Ritz Cracker products containing cheese recalled over Salmonella fears
Author: 0 Ritz Cracker products containing cheese recalled over Salmonella fears

While the rice products are sold across Canada, the recall affects only products sold in eastern Canada. A number of food recalls have been issued for goods sold in Atlantic Canada. The recall is precautionary, and the company says no illnesses have been reported. Symptoms of salmonella include fever, nausea, vomiting and diarrhea.

Author: 0 Ritz products recalled over Salmonella concerns

The affected products contain expiration dates between January 14, 2019 and April 13, 2019. Young children, pregnant women, the elderly and people with weakened immune systems may contract serious and sometimes deadly infections. The company says the recall is a precaution based on their ingredient supplier's recall. Consumers who have recalled products in their home should throw them out or return them to the store where they were purchased.

Economy Facebook suspends and investigates data analytics firm Crimson Hexagon
Author: 0 Facebook suspends and investigates data analytics firm Crimson Hexagon

The firm analyzes public Facebook data for clients, which include a non-profit with ties to the Kremlin and US government agencies including the Department of Homeland Security, the Wall Street Journal reports. Crimson Hexagon says on its website it has access to over 1 trillion consumer conversations from social media, forums, blogs and reviews. People can share their information with developers on Facebook and Instagram - just as they can when they download an app on their phone.

Author: 0 ‘Ready to tax all Chinese imports’

The Trump administration imposed punitive duties on $ 34 billion worth of Chinese imports to the United States in early July and said another $16 billion worth of electronics and plastics would be targeted after a public comment period. His remarks have broken a long-standing tradition of USA presidents not commenting on the Fed's policies to preserve the central bank's independence.

Economy Luxembourg - Ryanair cancels 600 flights
Author: 0 Luxembourg - Ryanair cancels 600 flights

Ryanair , Europe's largest low-priced carrier, cancelled 30 flights on July 12 when some pilots in Ireland staged the company's largest strike to date. Jacobs claimed its cabin crew are provided a "great" pay and benefits package, including a salary of up to €40,000 and a roster that sees them get 14 days off each month.

Economy Milton Keynes helps set Amazon Prime Day record
Author: 0 Milton Keynes helps set Amazon Prime Day record

The website glitches and downtime that Amazon experienced during its annual Prime Day sale may have cost it more than just some unhappy customers - the company is believed to have missed out on tens of millions of dollars in sales. If you're unsure about committing to Amazon Prime then you can cancel your membership at any time within the first 30 days to avoid being charged. Moreover, the growing demand for convenience and the desire to stay updated with the latest trends has been driving ...

Economy Jeep boss Manley to replace Marchionne as CEO of Fiat Chrysler
Author: 0 Jeep boss Manley to replace Marchionne as CEO of Fiat Chrysler

Ferrari's Board will propose to Shareholders, in a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO. Marchionne is the man in favour of promoting Sauber rookie Charles Leclerc to the Scuderia in 2019. Elkann is a grandson of the late Gianni Agnelli, the longtime Fiat dynasty chieftain. Known for sleeping only briefly each night, Marchionne, who is also a lawyer, was holding multiple leadership roles in the companies, notably as CEO of FCA - Fiat Chrysler ...

Economy Gold hits one-year low on talk of more U.S. rate rises
Author: 0 Gold hits one-year low on talk of more U.S. rate rises

The tech-heavy Nasdaq composite notched a record high on Tuesday before closing up 0.63 percent to 7,855.12 and outperforming other US indexes, which recorded slighter gains. "If you look at the USA, we're just outpacing everyone in terms of rate hikes", said Minh Trang, senior FX trader, Silicon Valley Bank in Santa Clara, California.

Economy Sanitary pads exempt from GST, tax cut on TV, shoes
Author: 0 Sanitary pads exempt from GST, tax cut on TV, shoes

The minister further informed that the council would have a special meeting on 4 August to address concern of small and medium enterprises. Goods and Services Tax on imported urea has also been reduced to 5%, while GST on the washing machine was reduced from 28% to 18%.

Economy Burberry reportedly burned $37 million worth of luxury goods
Author: 0 Burberry reportedly burned $37 million worth of luxury goods

The FTSE 100 Company said past year was unusual as it had to destroy a large amount of perfume after signing a new deal with United States firm Coty. Burberry said that the energy generated from burning its products was captured, making it environmentally friendly.

Economy Chinese firms tied to 200 anonymous Airbus air show orders
Author: 0 Chinese firms tied to 200 anonymous Airbus air show orders

Several top delegates cautioned against overstating the link with trade tensions, however. Boeing reports that the order makes the Dreamliner the fastest-selling widebody aircraft in history. US observers may remember the 2018 Farnborough Airshow as the year JetBlue founder David Neeleman announced an aircraft order for his newest start-up carrier , a USA -based airline that plans to buy 60 of Airbus's new A220 ( formerly Bombardier's CSeries ).

Economy IAG share price: Computer problem hits British Airways’ Heathrow flights
Author: 0 IAG share price: Computer problem hits British Airways’ Heathrow flights

A number of British Airways flights scheduled to leave on Thursday morning were listed as cancelled by Heathrow Airport's live departure board, after the I.T. Mr Khan said: "Heathrow expansion will result in hundreds of thousands of people being blighted by intolerable noise levels and worsening air quality in an area where pollution is already well above legal levels".

Economy Larry Kudlow blames China's Xi for stalling trade deal
Author: 0 Larry Kudlow blames China's Xi for stalling trade deal

Kudlow also said he expects European Commission President Jean-Claude Juncker to make a trade offer when he meets with Trump at the White House next week. Trump has also demanded that the European Union cut its 10 percent tariffs on imported cars, and his administration is conducting a national security study that could lead to a 25 percent USA tariff on imported vehicles.

Economy NPAs in Indian banks is Congress' making: Modi
Author: 0 NPAs in Indian banks is Congress' making: Modi

Former Prime Minister Dr Manmohan Singh failed to keep the promise of 100% electrification.that he had made in 2005. Narendra Modi said "People who have not seen darkness, don't understand the meaning of illumination". He said one of the priorities for government is the development of Eastern India. "Of the 18,000 villages which were deprived of electricity, close to 15,000 villages were from the East, while close to 6,000 belonged to the North East".

Economy Kudlow: Trump 'Not Going to Let Go' of China Trade Dispute
Author: 0 Kudlow: Trump 'Not Going to Let Go' of China Trade Dispute

There's little evidence the Fed's tightening is constricting the second-longest United States economic expansion on record: The unemployment rate under Trump has fallen to 4 per cent, from 4.8 per cent the month he was sworn in, and some economists predict gross domestic product last quarter expanded by more than 4 per cent - about double the pace in the first three months of the year.

Author: 0 Donald Trump: China and European Union ‘Manipulating Their Currencies’

Subtracting inflation, the rate is slightly negative in real terms and still "accommodative" for growth and borrowing, as the Fed said in its June statement. Interest rate hikes can suppress investment and the unemployment rate, two metrics Trump and Republicans touted frequently throughout his presidency.

Economy Microsoft Surpasses $100 Billion Revenue For First Time
Author: 0 Microsoft Surpasses $100 Billion Revenue For First Time

Its popular Surface laptop-turned-tablet range earned a 25 per cent increase in revenue, which Microsoft attributed to strong performance by its latest editions against low comparable numbers previous year. Server products and cloud services revenue increased 26 per cent driven by Azure revenue growth of 89 per cent. Even though Microsoft didn't release any new devices this quarter, the company has put out a number of Surface gadgets in recent months and sales are still going strong.

Author: 0 Donald Trump 'ready' to impose tariffs on all Chinese goods

The magnitude of the imbalance has continued into 2018, with Chinese imports totalling $205 billion in the first five months of the year and the deficit reaching $152 billion. "Look, I'm not doing this for politics". When asked about the stock market possibly falling if the United States imposes duties on such a large amount of goods, Trump said: "If it does, it does".

Author: 0 In Rare Move for a President, Trump Criticizes Fed

Mr Trump said that he was "not happy" with the Fed's plans for further rate rises, which would put the United States at a "disadvantage" to other economies with looser monetary policy. "No president should interfere with the workings of the Fed", Fisher said. During the 2016 presidential campaign, Trump was highly critical of the Fed and accused its policymakers of keeping rates at ultra-low levels to favor Democrats.

Author: 0 Trump ready to hit all Chinese imports with tariffs

China imports only $129.9 billion of USA goods, which leaves it little room for a tit-for-tat response. The administration has also released a list of 10 per cent tariffs on an additional US$200 billion of Chinese goods, which could take effect as early as next month.