Economy

Economy Tesla to bring most collision repairs in-house: Musk
Author: 0 Tesla to bring most collision repairs in-house: Musk

Unsworth to be guilty of the accusations", Unsworth's complaint said , according to Reuters. Unsworth is seeking more than $75,000 in damages, and demands that Musk - who recently called him a "child rapist" - stop making any further allegations.

Economy Trump Slaps Tariffs On $200 Billion In Chinese Goods
Author: 0 Trump Slaps Tariffs On $200 Billion In Chinese Goods

Still, American consumers could start feeling the cost in everyday goods, as the latest move brings all Chinese imports subject to a new tariff to US$250 billion, roughly half of China's shipments to the USA previous year. President Donald Trump on Monday said tariffs had put the U.S. "in a very strong bargaining position". When Cohn tried, using data and history, to argue against Trump's conviction that trade deficits with other countries made the USA the loser, the book reports Trump ...

Economy Dena, Vijaya, BoB to merge and form country’s 3rd largest bank
Author: 0 Dena, Vijaya, BoB to merge and form country’s 3rd largest bank

Arun Jaitley , Finance Minister of India briefed the media and said that the merger has been conceived in such a way that the combined lender will not end up being weaker than the existing individual entities. The government is now looking to offload its majority stake in IDBI Bank to Life Insurance Corp. of India . "No employee will face any adverse service conditions after the amalgamation".

Author: 0 Former US trade representatives agree: they wouldn’t do it Trump’s way

The White House said in a statement that Trump had been clear that he and his administration would continue to take action to address China's trade practices and encouraged Beijing to address US concerns. The Office of the U.S. Trade Representative charged in a March report that China is using predatory tactics to obtain foreign technology, including hacking U.S.

Author: 0 Trump announces further tariffs on $200 BILLION of Chinese goods

However, senior administration officials told reporters the initial list announced in July was reduced by 300 product lines after the administration received 6,000 written comments from consumers and businesses. Trump has said he will no longer allow China to take advantage of the United States on trade, though opposition to escalating tariffs has swelled in recent weeks within US business circles.

Author: 0 China will hit back at any new U.S. tariffs: ministry

His latest warning came amid growing expectations that the White House will impose 10 per cent tariffs on a $200 billion list of about 1,000 Chinese exports, from toys and tyres to seafood and furniture. Census Bureau data. The Chinese foreign ministry said Thursday that it was invited to hold new talks. USA officials say those violate Beijing's market-opening commitments and worry they might erode United States industrial leadership.

Author: 0 British diver sues Elon Musk for $75,000 over 'pedo' claim

Elon Musk , Tesla Motors chairman and CEO, has promised that by the end of the year, the electric carmaker will turn an annual profit for the first time in its 15-year history. Unsworth told CNN , Elon's sub was a " PR stunt " that "had absolutely no chance of working". The suit, which blasts the "unlawful, unsupportable, and reprehensive acccusations" by Musk that Unsworth "is a pedophile and child rapist ", was filed in a California court.

Economy Coca-Cola considers cannabis-infused drinks
Author: 0 Coca-Cola considers cannabis-infused drinks

Kent Landers, a spokesman from Coca-Cola , declined to comment about Aurora. Aurora's shares surged on the news, jumping as much as 23 percent Monday in NY to $8. It is the non-psychoactive chemical component of marijuana used for medicinal goal which doesn't produce the high that usually comes from tetrahydrocannabinol (THC).

Economy Xbox Controller used to speed up Elon Musk’s most Boring machine
Author: 0 Xbox Controller used to speed up Elon Musk’s most Boring machine

The company, as we all know, has introduced flamethrowers and hats in the past and is no stranger on taking unconventional approaches. Though it remains unclear if it is Musk himself "test-driving" the machine or some other Boring Company employee, the billionaire did note that this was one of the new machines used by the company for burrowing and building a vast tunnel network under the ground.

Economy Amazon investigates suspected data leaks by bribed employees
Author: 0 Amazon investigates suspected data leaks by bribed employees

In order to bring their product on top of search results, there are a number of tricks sellers have deployed against Amazon's automated system. According to the Journal piece, brokers in China identify Amazon staffers who have accounts on the WeChat messaging platform, and approach them with offers for payment.

Economy Rain, floods still in Florence’s forecast — WHAT’S HAPPENING
Author: 0 Rain, floods still in Florence’s forecast — WHAT’S HAPPENING

Flood waters from the Trent River inundate a park in Pollocksville, North Carolina. North Carolina Governor Roy Cooper warned Saturday that the storm was more risky now that it was on land. The rain was unrelenting in Cheraw, a town of about 6,000 people in northeastern SC. "We feel fully supported". It was expected to reach 24 feet by midday Sunday.

Economy Needles in strawberries in all six states
Author: 0 Needles in strawberries in all six states

Contaminated strawberries have been found in all of Australia's mainland states. Police began looking into the potentially unsafe berries after a Facebook user on Saturday wrote that their friend took a bite of a strawberry and ate "half a sewing needle", according to the Palm Beach Post .

Economy Karnataka reduces Rs 2 per litre on petrol, diesel prices
Author: 0 Karnataka reduces Rs 2 per litre on petrol, diesel prices

In Pune petrol was retailing at pumps for Rs 89.31 per litre, and diesel for Rs 77 per litre, both record highs. Since oil prices have started rising, following USA sanctions on Iraq and the slide of the rupee against the dollar, there have been calls to reduce tax.

Economy Iran says Saudi Arabia and Russia have taken oil market 'hostage'
Author: 0 Iran says Saudi Arabia and Russia have taken oil market 'hostage'

U.S. officials are pressing allies in Europe, Asia and the Middle East, including Saudi Arabia , to adhere to the sanctions, which are aimed at pressuring Iran to negotiate a new agreement to halt its nuclear programmes. Tanker tracking compiled by Bloomberg indicates that OPEC's fourth-largest exporter is already having to store barrels amid dwindling demand. China typically cuts South Pars condensate imports sharply during the summer months between the second and third quarter because ...

Author: 0 NZ's Foodstuffs pulls Australian strawberries off shelves over needle sabotage

The discovery comes only days after a man found two needles in a punnet of Queensland strawberries sold at a supermarket in Jamestown this week. The Sydney Morning Herald on Monday (Sep 17) quoted Queensland Police Commissioner Ian Stewart as saying that police had received a report of a metal object in a banana.

Author: 0 Time Magazine Sold to Salesforce CEO Marc Benioff and Wife Lynne

The couple scoop up the media and marketing company that boasts 175 million United States consumers each month from Meredith Corporation , which ended up with the brand as part of its purchase of Time Inc in January this year. Print advertising is on the decline and Time cut circulation down from 3 million to 2.3 million earlier this year, according to the Alliance for Audited Media.

Economy Bank of England to keep rates steady after August rise
Author: 0 Bank of England to keep rates steady after August rise

Amongst a recession and slump in the pound, Carney has stated that the United Kingdom housing market could see prices fall by as much as a third. Carney is due to speak in Dublin at 1000GMT. "Carney has made himself a laughing stock in the City with such an outrageous warning", said Richard Tice, a Brexit supporter who is co chair of the "Leave Means Leave" group.

Economy Over 722,000 without power as Florence batters Carolinas
Author: 0 Over 722,000 without power as Florence batters Carolinas

Duke Energy has shut down its Brunswick Nuclear Plant as it was directly in the predicted path of Hurricane Florence . "Those power plants are, one, obviously hardened". The locations of nuclear power plants in North and SC. "This is no ordinary storm and customers could be without power for a very long time - not days, but weeks", said Fowler.

Economy Needles found in more Australian strawberries, A$100k reward offered
Author: 0 Needles found in more Australian strawberries, A$100k reward offered

Australian authorities are warning its citizens against eating certain brands of strawberries after some have been found to contain hidden sewing needles inside. The strawberry industry in Queensland , Australia, is suffering after needles were found in strawberries. "It is a very, very broad picture and we can't speculate in any way, shape or form", said Terry Lawrence , Queensland acting chief superintendent.

Economy L Brands shuttering Henri Bendel
Author: 0 L Brands shuttering Henri Bendel

After 123 years, Henri Bendel is closing its doors...for good. L Brands acquired Bendel in 1985 and led its expansion into 11 states. "We have chose to stop operating Bendel to improve company profitability and focus on our larger brands that have greater growth potential", CEO Leslie Wexner said in a company statement.

Economy 'Disgruntled Employee' Accused of Putting Sewing Needles in Strawberries: Cops
Author: 0 'Disgruntled Employee' Accused of Putting Sewing Needles in Strawberries: Cops

Queensland's Chief Health Officer Dr Jeannette Young said anyone else who had bought the brands of strawberries without signs of tampering should return them to the store or throw them away. Sewing needles have been found hidden inside strawberries sold at Woolworths, sparking a recall of two brands that had been sold in Queensland , NSW and Victoria .

Economy Canada cannabis entrepreneurs 'could face USA lifetime ban'
Author: 0 Canada cannabis entrepreneurs 'could face USA lifetime ban'

An admission of any past drug use is grounds for a lifetime ban from the US, although some banned people can successfully apply for waivers. "We don't recognise that as a legal business", Mr Owen said. The government is also ramping up advertising reminding Canadians of their obligations to obey the laws of both countries. Overzealous border agents could encourage even more Canadians to stay home, at a time when President Donald Trump is targeting the country in trade negotiations.

Economy BMW developed a self-driving motorcycle to further its safety efforts
Author: 0 BMW developed a self-driving motorcycle to further its safety efforts

The systems that allow the 1200 to do this have been designed by a team led by graduate engineer Stefan Hans. As BMW R1200GS is the total self driving motorcycle so it is highly focused on safety. BMW motorcycle with the unmanned system control is fully Autonomous and does not need the rider. But what about self-riding bikes? Luminous motorcycle headlights from cornering lights to laser headlights were highlights as well as a motorcycle frame manufactured completely using a 3D printing ...

Economy IEA: Worldwide Oil Supply Reaches Record High During August
Author: 0 IEA: Worldwide Oil Supply Reaches Record High During August

Light, sweet crude for October delivery dropped $1.78, or 2.5%, to $68.59 a barrel on the New York Mercantile Exchange, its worst day since August 15 after it closed at its highest level since July 20 a session earlier. Greg McKenna, chief market strategist at futures brokerage AxiTrader said there has been "a divergence between Brent and WTI". Brent crude , the global benchmark for oil, has been trading between $70 and $80 since April, only briefly rising above $80 in May and this week.

Economy Waffle House company headquarters in Norcross preparing for Florence
Author: 0 Waffle House company headquarters in Norcross preparing for Florence

If a Waffle House closes , officials believe that area must have been hit hard. The restaurant chain appears to be taking the job seriously, activating its own storm center as Hurricane Florence approaches . Waffle House said on Twitter that its "Storm Center" was monitoring Hurricane Florence , which is expected to hit the coast between North Carolina and SC late Thursday or early Friday and could impact 230 of its restaurants.

Economy GM recalls 230,000 crossover SUVs and sedans over brake issue
Author: 0 GM recalls 230,000 crossover SUVs and sedans over brake issue

The same issue prompted the firm to recall about 800,000 pickup trucks previous year. GM reported that if EPS is lost and suddenly returns, the driver of the vehicle could have difficulty steering. The company says it has 30 reports of crashes with two injuries, but no deaths. GM said in a government filing that "hydrogen gas can remain trapped in the piston body", which may make the brakes feel soft and take longer to stop the vehicle.

Economy 'Presidential Alert': FEMA to test emergency alert system next week
Author: 0 'Presidential Alert': FEMA to test emergency alert system next week

The alert test will be performed on the National Wireless Emergency Alert system next week on Thursday, Sept. 20 at 10:18 a.m., with a EAN (Emergency Action Notification) test at 10:20 a.m. "No action is needed". The wireless emergency alerts (WEA) system was authorized by Congress in 2015 under a law that states the "system shall not be used to transmit a message that does not relate to a natural disaster, act of terrorism, or other man-made disaster or threat to public safety".

Economy Volkswagen to discontinue Beetle, Final Edition set for 2019
Author: 0 Volkswagen to discontinue Beetle, Final Edition set for 2019

The Beetle's demise was announced in March but it was unclear at the time how long the stay of execution would last. The Beetle was introduced in Nazi Germany in 1938, after Adolf Hitler had asked automotive engineer Ferdinand Porsche to design a people's auto ( Volkswagen in German ).

Author: 0 Australian state offers US$70000 reward as strawberries sabotaged with needles

A Queensland man posted this photo of a strawberry with a needle in it after reporting his friend swallowed one. Queensland Police Service, who have launched an investigation into the potentially hazardous findings, revealed that affected brands include "Berry Obsession" and "Berry Licious", according to an update on the agency's Facebook account.

Economy Man jailed in Italy for writing fake TripAdvisor review - company
Author: 0 Man jailed in Italy for writing fake TripAdvisor review - company

Paid review fraud - when companies or individuals "sell" fake reviews to business owners - is a violation of the law in many jurisdictions. The company wants to make it clear that " writing fake reviews constitutes criminal conduct under laws relating to impersonation fraud", citing the European Union's Unfair Commercial Practices Directive , which prohibits "the practice of falsely representing oneself as a consumer".

Economy United States seeking new trade talks with China
Author: 0 United States seeking new trade talks with China

So far, the United States and China have hit $50 billion worth of each others' goods with tariffs in a dispute over US demands that China make sweeping economic policy changes, including ending joint venture and technology transfer policies, rolling back industrial subsidy programs and better protecting American intellectual property.

Economy Turkey's central bank raises interest rate to 24%
Author: 0 Turkey's central bank raises interest rate to 24%

He added that the lira was experiencing "fake volatility", repeating his view that the currency's fall was part of a foreign plot and the result of an economic war. "The central bank is independent and makes its own decisions", he said. It said: "Accordingly, the committee has chose to implement a strong monetary tightening to support price stability".

Economy Jeff Bezos Pledges $2 Billion Toward Education and Homelessness
Author: 0 Jeff Bezos Pledges $2 Billion Toward Education and Homelessness

Bezos solicited ideas on Twitter a year ago for ways to donate some of his wealth. He cited his work at his space company, Blue Origin, and his investment, estimated now at $1 billion a year, "in the future of our planet and civilization through the development of foundational space infrastructure".

Economy China welcomes trade war talks with United States
Author: 0 China welcomes trade war talks with United States

The announcement followed reports by American and European chambers of commerce that foreign companies in China have been hurt by earlier tariff hikes by both sides in the fight over Beijing's technology policy. But Kudlow was non-committal over the chances of a breakthrough, adding: "I guarantee nothing". "China has indeed received an invitation from the U.S.