Economy

Economy Ford F-150: Recall Alert
Author: 0 Ford F-150: Recall Alert

Some front seat passenger belt pretensioners "can generate excessive sparks when they deploy", causing smoke or fire, Ford says in a press release. Those sparks could ignite gases inside the support pillar between front and rear seats, potentially setting fire to insulation or carpet materials.

Economy China's trade surplus with USA hit new record in August
Author: 0 China's trade surplus with USA hit new record in August

They say a full-blown trade war by 2021 could shrink America's annual economic output by an average of one-third of a percentage point and China's by two-tenths of a percentage point from 2019 through 2021. In Beijing, China's Commerce Ministry said Thursday it was ready to retaliate. China's commerce ministry vowed to retaliate if the USA took new trade measures against it.

Economy Burberry to drop real fur, stop destroying unsold goods
Author: 0 Burberry to drop real fur, stop destroying unsold goods

Some luxury groups offer sales to employees and journalists to limit unsold stock. The move is part of its five-year project to operate to higher ethical standards, which includes reducing waste. Burberry defended their actions, claiming it is an industry wide practice. This great news comes after over a decade of campaigning by PETA and our global affiliates against Burberry's use of fur, including holding dozens of protests outside its stores around the world, sending tens of thousands of ...

Economy McDonald's customers create fake poster to hang in restaurant promoting racial diversity
Author: 0 McDonald's customers create fake poster to hang in restaurant promoting racial diversity

But getting the poster into the McDonald's and on the wall took some planning and chicanery, which began with a trip to a local thrift store. So Maravilla and Toledo came up with a plan . While his pals blended in as customers, Jevh wore an old McDonald's worker shirt posing as "Jeff Bergara, Regional Interior Coordinator". McDonald's did not immediately respond to Fox News' request for comment as to whether or not the poster will be kept up.

Economy Obama On New York Times Op-Ed: 'This Is Not Normal'
Author: 0 Obama On New York Times Op-Ed: 'This Is Not Normal'

Former U.S. President Barack Obama speaks at the University of Illinois Urbana-Champaign in Urbana, Illinois. Historically, midterms are lightly attended and Obama made a point of reminding his audience that only one in five young people voted in the 2014 midterm election.

Economy Diesel and petrol prices rise by around 50 paise per litre
Author: 0 Diesel and petrol prices rise by around 50 paise per litre

In Mumbai, a litre of petrol costs Rs 87.39 while diesel costs 76.51. While petrol costs ₹87.39 a litre, diesel is priced at ₹76.51 a litre, an increase of 48 paisa and 55 paisa respectively over Thursday's price. On top of this, states levy Value Added Tax (VAT) - the lowest being in Andaman and Nicobar Islands where a 6 per cent sales tax is charged on both the fuel.

Economy Bernie Sanders Introduces Bill Targeting Jeff Bezos
Author: 0 Bernie Sanders Introduces Bill Targeting Jeff Bezos

The Senate bill would require large employers such as Amazon and Walmart to pay the government for food stamps, public housing and other federal assistance received by their workers. "Sen. Bernie Sanders unveiled legislation on Wednesday targeting pay and working conditions at big companies like Amazon, after the pair traded jabs in blog posts last week", writes Fox Business .

Economy Bitcoin price: Cryptocurrencies' unexplained fall continues
Author: 0 Bitcoin price: Cryptocurrencies' unexplained fall continues

A Goldman spokesman said the bank had yet to decide on the scope of its "digital asset offering". The crypto trading desk was to become part of Goldman's securities division, where the Wall Street giant trades everything from stocks to bonds to currencies.

Economy Trump, Trudeau dig in as NAFTA talks resume
Author: 0 Trump, Trudeau dig in as NAFTA talks resume

Lighthizer also said American broadcasters operating in border states have complained about Canadian counterparts picking up the USA signals and redistributing in Canada without consent. Trump charges that the 1994 pact has caused the loss of hundreds of thousands of U.S.jobs, something that most economists dispute. Data released on Wednesday showed the USA trade deficit hit a five-month high of US$50 billion.

Author: 0 Bitcoin Falls Off a Cliff Again as Cryptocurrency Slump Deepens

Per that report , Goldman Sachs wanted to have it ready by the end of June 2018. While the Wall Street giant may be placing crypto trading desk plans on hold, the evidence is by no means conclusive. In the top 10, Stellar (XLM) is the one that lost the less in the last 24 hours, registering a fall of 1.88%. This chart shows another drop forthcoming, even after a correction upward of the drop from the Goldman news.

Economy Trumps trade war not going as planned; hurting domestic, global economies
Author: 0 Trumps trade war not going as planned; hurting domestic, global economies

The Trump administration imposed duties on US$34 billion of Chinese goods in early July, prompting immediate retaliation from Beijing , and another US$16 billion in levies on Aug 23. China will closely monitor the impact from any fresh tariffs and adopt strong measures to help Chinese or foreign firms operating in China to overcome difficulties, said Gao.

Economy Mercedes finally unveils EQC
Author: 0 Mercedes finally unveils EQC

He said that he did not consider any of Tesla's three current models as a direct competitor to the EQC , which was Mercedes' first launch as SUVs have found favour with customers in recent years, with their growth outpacing other vehicle types.

Economy Another 30 ill in USA in cases linked to Kellogg's tainted cereal
Author: 0 Another 30 ill in USA in cases linked to Kellogg's tainted cereal

If you have questions about cases in a particular state, please call that state's health department. Kellogg's Honey Smacks was originally recalled in June 2018. Thirty-four people have been hospitalized as a result of illnesses after eating the cereal. According to the agency: "CDC estimates Salmonella causes about 1.2 million illnesses, 23,000 hospitalizations, and 450 deaths in the United States every year".

Economy British cave diver Vernon Unsworth to sue Elon Musk after new rant
Author: 0 British cave diver Vernon Unsworth to sue Elon Musk after new rant

In the emails, which Mr Musk, 47, claimed were off the record he said Mr Unsworth was "an old, single white guy from England who's been travelling to or living in Thailand for 30 to 40 years, mostly Pattaya Beach, until moving to Chiang Rai for a child bride who was about 12 years old at the time ".

Economy Toyota Recalls More Than 1 Million Vehicles Over Fire Risk
Author: 0 Toyota Recalls More Than 1 Million Vehicles Over Fire Risk

Of the recalled units, 554,000 are in Japan, 217,000 in North America and 219,000 in Europe. "A portion of the wire harness could contact the connector cover and wear over time, causing an electrical short circuit", it said in a statement sent to Khaleej Times.

Economy Amazon India launches hindi version; targets 100 million customers
Author: 0 Amazon India launches hindi version; targets 100 million customers

Not behind the curtains anymore, Amazon is already the No. 2 player in India's $33 billion e-commerce market , with more than 150 million registered users. It maintains that a lot of intelligence went into translation. The language button now has the option to switch from English to Hindi, and it currently lists only top products and important shopping information in Hindi.

Author: 0 Students’ Fake McDonald’s Poster Goes Unnoticed for 51 Days

But this was one instance when a amusing flight of fancy became reality (after a little hard work and a $7 McDonald's shirt was obtained). Noticing that none of the photos on the other walls had any Asians portrayed in them, they joked that they should take a photo of themselves and put it up in the blank spot.

Economy South Africa Officially In Recession
Author: 0 South Africa Officially In Recession

The currency rand falls 2.3 per cent to 15.2094 on the US Dollars near lunchtime in Johannesburg on the latest GDP report. That followed a 2.6% contraction in the previous quarter. In contrast‚ mining increased by 4.9% and contributed 0.4 percentage points of growth; while finance‚ real estate and business services increased by 1.9% and also contributed 0.4 percentage points.

Author: 0 South Africa in Recession After Land Threat: 'Shocking Drop in Agriculture'

A recession occurs when the economy contracts for two quarters in a row. But the most shocking number in the statistics is the precipitous 29.2% decline in agricultural production over the second quarter. While the secondary sector, which is made up of manufacturing, electricity and construction saw some growth, this was damped by a 0.3% contraction in the manufacturing sector.

Economy Amazon joins $1 trillion club, on pace to overtake Apple
Author: 0 Amazon joins $1 trillion club, on pace to overtake Apple

Less than 25 year later, the company has garnered a major presence in everything from retail, to groceries, to video streaming, helping it rack up revenues of $178bn (£139bn) last year. The e-commerce giant's stock rose to a high of $2,050.50 on Tuesday morning. For the fiscal year 2017, Amazon and its 560,000 employees around the world reported total sales of $177.87 billion, netting it an adjusted profit of $6.15 per share, according to the company's annual report .

Economy ‘Cosby’ actor thankful for support about grocery store job
Author: 0 ‘Cosby’ actor thankful for support about grocery store job

The newspaper reports went viral , with numerous social media users calling the articles " job shaming " and wondering why a former actor working an honest job should be news. Customers at the Trader Joe's said he's regularly there and a lot of them had no idea he was an actor. He noted that many of his acting jobs are short-term, requiring a backup source of income.

Economy Amazon Hits $1 Trillion Valuation
Author: 0 Amazon Hits $1 Trillion Valuation

Market watchers have been expecting both Amazon and Apple to eventually have valuations topping $1 trillion. As soon as one company has reached that $1 trillion mark, you know it won't be long until another follows in suit - only weeks after it happened for Apple, Amazon has joined the ranks in the "trillion-dollar club".

Author: 0 Oil prices jump as Gulf of Mexico rigs evacuated

Crude is up 9% since mid-August as WTI flirts with $70 per barrel. Jiji Press said it appeared Japan will be unsuccessful in its efforts to get a waiver from Washington that would allow it to continue importing oil from Iran. Sanctions on Iran that is set to begin in November and OPEC summit will continue to remain investor's main focus while Geo-political events and trade war proceedings will dictate momentum in near future trading sessions.

Economy New scheme unveiled to protect children's eyesight
Author: 0 New scheme unveiled to protect children's eyesight

Tencent shares fell as much as 5.3 percent in Hong Kong, while Netease tumbled 7.2 percent in NY. Parents are supposed to stop their kids from spending more than an hour a day on their electronics for non-educational purposes. That said, if the Ministry's efforts curtail online play as much as it intends to, we may see the effects in Chinese competitive gaming sooner than later.

Economy McCain Ends 81-Year Journey With Burial At Naval Academy
Author: 0 McCain Ends 81-Year Journey With Burial At Naval Academy

Drake will-they-or-won't-they beef. "It's a politics that pretends to be courageous and tough but in fact is born of fear. He called us to be better than that". Cindy McCain watches as a military honor guard team carries the casket of her husband, the late-Sen. Top members of Trump's administration, including his daughter Ivanka and son-in-law Jared Kushner, attended, as did White House chief of staff John Kelly and national security adviser John Bolton.

Economy Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai
Author: 0 Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

While Mumbai has the highest VAT (Value Added Tax) of 39.12 per cent on petrol. Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel. More than 65% of operational costs of transportation is that of diesel. These prices vary significantly from state to state depending on various tax levies and cess.

Economy Family, friends say final goodbye to McCain
Author: 0 Family, friends say final goodbye to McCain

In a service at the Washington National Cathedral, Mr McCain's friends and political foes spoke kindly of the man, describing him as a man of integrity and dignity who exemplified an American ideal - and one who never wavered in his belief in American greatness.

Economy Europe's biggest coffee chain Costa bought by Coca-Cola in £4 billion deal
Author: 0 Europe's biggest coffee chain Costa bought by Coca-Cola in £4 billion deal

Coca-Cola is the latest corporation to make a big bet on coffee. Coca-Cola is betting top dollar that its vast distribution network will serve as the necessary impetus and structure to follow this trend successfully. Those expansion efforts were what drew the attention of British-born Quincey. Ravi Jaipuria, the Indian operator of Costa Coffee , said he was keen to run the coffee chain in India even after its acquisition by beverages giant Coca Cola, if there was no conflict of interest.

Economy JD.com's billionaire CEO released after US arrest
Author: 0 JD.com's billionaire CEO released after US arrest

Minneapolis police spokesman John Elder said an investigation was ongoing and declined to provide details of the arrest. Richard Liu, founder and CEO of Chinese online retail giant JD.com, was arrested over misconduct allegations on Friday and released the next day.

Economy Google and Mastercard reportedly teamed up to track offline sales
Author: 0 Google and Mastercard reportedly teamed up to track offline sales

With the tool, Google can match existing user profiles with purchases in stores providing advertisers with powerful data on which ads people clicked on and how it impacted their purchasing decisions. "But most of the two billion Mastercard holders aren't aware of this behind-the-scenes tracking". The company constantly tracks what you click on if you have a Google account - which includes anyone with a YouTube or Gmail account.

Economy Australia push economic ties, trade deal soon
Author: 0 Australia push economic ties, trade deal soon

Australia's new Prime Minister Scott Morrison and Indonesian President Joko Widodo welcomed on Friday (Aug 31) the conclusion of all the main points of an economic partnership deal six years in the making. In 2017, Australia was Indonesia's 14th-biggest trading destination country, while Indonesia was Australia's 10th-largest. Birmingham listed frozen meats, live cattle, feed grains, dairy, citrus and rolled steel as examples of Australian products destined for favourable treatment under ...

Economy How major USA stock indexes fared Thursday
Author: 0 How major USA stock indexes fared Thursday

NEW YORK, Aug 31 (Reuters) - The S&P 500 and the Dow were down and the Nasdaq edged higher in light trading on Friday as investors reacted to the possibility that a new Canada-U.S. The Russell 2000 index of smaller-company stocks jumped 8.40 points, or 0.5 percent, to 1,740.75. Apple rose 1.4 percent, extending its gains for the seventh day, while Amazon.com rose 0.4 percent, providing the biggest boost to the Nasdaq.