Economy

Economy 9,000 barrels of bourbon destroyed in collapse
Author: 0 9,000 barrels of bourbon destroyed in collapse

The building's owner, the Sazerac Company, also could not be reached. The collapse happened just after 11 a.m.at Barton 1792 Distillery in Bardstown, Ky . Distillery officials did not immediately respond to a request for comment. 'We are assessing how numerous impacted barrels can be recovered, ' Louisiana-based spirits company Sazerac spokeswoman Amy Preske said.

Economy May 'confident' of Brexit deal after Airbus threat to leave
Author: 0 May 'confident' of Brexit deal after Airbus threat to leave

The European aerospace company Airbus is set to pull investment from Britain after losing patience with Theresa May's stalled Brexit negotiations. The draft Immigration Rules which have been published today providing details of the scheme, deliver on the citizens' rights agreement with the European Union reached in March this year, which also guarantees the rights of United Kingdom nationals living in the EU.

Economy Rats break into Indian ATM and eat cash worth £13,000
Author: 0 Rats break into Indian ATM and eat cash worth £13,000

What they found inside the ATM was nearly $18,000 worth of shredded Indian rupee notes and one dead rodent that had somehow eluded the machine's security camera for its next. The notes consisted of 500-rupee and 2,000-rupee denominations, ABC News reported. It remains uncertain how the rat got past the machine's security camera.

Economy Bank chief economist surprises with interest-rate vote
Author: 0 Bank chief economist surprises with interest-rate vote

Ian McCafferty and Michael Saunders were the other two members on the nine-member rate-setting panel who favoured a rate rise. Mr Haldane is seen as an influential member of the Monetary Policy Committee, which sets interest rates in order to target inflation at 2 per cent support the United Kingdom economy.

Economy Greece heads for bailout exit after deal with creditors
Author: 0 Greece heads for bailout exit after deal with creditors

The report in The Local also said the figures published by the government yesterday show that Germany made 3.4 billion euros in interest payments on the bonds and only paid Greece 527 million euros in 2013 and 387 million euros the following year.

Economy MoviePass to begin surge pricing on popular movies
Author: 0 MoviePass to begin surge pricing on popular movies

No 3D and no IMAX. AMC is estimating that subscription members will see an average of 2.5 movies a month. One of MoviePass' biggest issues is the fact that you need to be within 100 yards of the theater to make a reservation, effectively making it hard to secure good seats unless you show up long before a film starts.

Economy Friday is Take Your Dog to Work Day - Don't Forget the Treats
Author: 0 Friday is Take Your Dog to Work Day - Don't Forget the Treats

A new environment with new people will be very exciting for dogs who are social, so if your dog gets along with people and other dogs, definitely participate in this fantastic holiday. It's a great way for your four-legged friend to find out what you do when you're not spending time with them. Instead of going to a breeder, consider taking in a shelter dog who needs a home; it is more hard to find people to take these dogs, especially the older ones, so you will be greatly improving the life ...

Economy International Monetary Fund welcomes Greek debt deal but has reservations on long-term
Author: 0 International Monetary Fund welcomes Greek debt deal but has reservations on long-term

Sources also said the creditors would disburse 15 billion euros ($17.5 billion) to ease the country's exit from its program. An additional 10-year grace period - where the loans' interest will not rise - will be granted as well. "It would be a bad mistake to cultivate illusions that the end of the bailout means a return to normality", said pro-opposition newspaper Ta Nea. The European Commission has already specified that Greece will remain under fiscal supervision until it repays 75 per ...

Author: 0 Tens of thousands march in pro and anti-Brexit rallies

Earlier this week, the plane-manufacturer Airbus warned that they could leave the United Kingdom if Theresa May's government fail to secure a Brexit agreement that sees the United Kingdom exit the European Union single market and customs union without a transition deal.

Economy Supreme Court's online sales tax ruling gives states a win
Author: 0 Supreme Court's online sales tax ruling gives states a win

For example, the popular electronics seller B&H only charges sales tax in NY and New Jersey, where it has a physical presence. The ruling means that states may now seek to tax more of those sales, Moody's analyst Charlie O'Shea said. Online shopping sales have grown steadily for the past decade, but when it comes to sales tax, things get tricky. A U.S. Supreme Court decision expanding the ability of states to pull in tax dollars from online purchases could have a significant impact in ...

Economy Auto trade group decries Pres. Trump's tariff threat
Author: 0 Auto trade group decries Pres. Trump's tariff threat

The U.S. Commerce Department aims to wrap up its investigation into whether imports of automobiles and auto parts pose a risk to national security by late July or August, Commerce Secretary Wilbur Ross said . It is hard for the White House to unilaterally impose tariffs without input from Congress, but Trump has found several ways to do it this year. FILE - Cars for export stand in a parking area at a shipping terminal in the harbor of the northern German town of Bremerhaven, Oct.

Economy Tesla fires back against alleged whistleblower:
Author: 0 Tesla fires back against alleged whistleblower: "He is nothing of the sort"

He told CNN in a separate interview that he found 1,100 damaged batteries were installed in Tesla's Model 3 cars and are now on the road and being driven by unsuspecting drivers. Ultimately, the company seeks damages for these claimed actions, in addition to a court injunction preventing other parties from using the data Tripp allegedly transferred to them.

Economy Crude oil futures jump to Rs 4,513 per barrel
Author: 0 Crude oil futures jump to Rs 4,513 per barrel

Mustapha Guitouni, Algeria's energy minister. Mohammed Barkindo, Opec secretary general. Iran's Zanganeh has accused Trump of trying to politicise OPEC and said it was United States sanctions on Iran and Venezuela that had helped push up prices.

Economy Volvo S60 delivers sharp styling, up to 415-bhp
Author: 0 Volvo S60 delivers sharp styling, up to 415-bhp

The slightly angrier look hints at the notion that the S60 is a bit more driver-focused than the S90. The S60 will get Volvo's formidable array of driver aids. The Charleston plant starts production of the new Volvo S60 premium mid-size sports sedan, based on the company's Scalable Product Architecture ( SPA) platform , in the fall of 2018.

Economy Oil prices spike sharply after OPEC fails to deliver
Author: 0 Oil prices spike sharply after OPEC fails to deliver

Trump's threat, made in a tweet , followed the EU's announcement that it would place duties on a range of U.S. products. Subsequently, WTI and Brent crude futures rose with the latter briefly above $75/bbl, given that markets had feared that OPEC would agree a larger production, while the 1mln bpd increase will likely represent a real increase of 600-700k bpd, which had been largely priced in.

Author: 0 What OPEC's Solidarity Means for Oil

OPEC's agreement with Russian Federation and other producers to limit oil output has helped to clear a global supply overhang that weighed on prices for years. Iran, for example, has been hit by US sanctions that hinder its energy exports. "Oil is the bigger story today with the OPEC news". "We're taking our breath and focusing on the oil market", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.

Economy Canada legalizes marijuana nationwide after senate passes bill
Author: 0 Canada legalizes marijuana nationwide after senate passes bill

The federal government also still has work to do on the drug-impaired driving file. That timeline was pushed back after the Senate requested more time to review Bill C-45. Trudeau said there's "no point" in discussing it until the new laws are in place, a position echoed by Bill Blair, the former Toronto police chief and MP who coordinates the marijuana file for the government.

Economy Saudi expects $40 billion foreign fund inflows after MSCI - CMA
Author: 0 Saudi expects $40 billion foreign fund inflows after MSCI - CMA

Plans are under way to introduce clearing systems in preparation for equity derivatives trading. The index provider also said it will include the Kuwait in its review next year for a potential move to emerging from frontier markets. Full official inclusion into the index will take place in two stages over the next 12 months. The IPO could happen before the end of 2018, according to Capital Markets Authority Chairman Mohammed El-Kuwaiz.

Author: 0 Supreme Court Overturns Ban on Online Sales Tax

Still, the ruling clears the way for other states to enact similar laws requiring retailers to collect applicable sales tax on online purchases made by residents of the state . The Minnesota Revenue Department said its staff is "analyzing the court's decision" and will provide guidance to retailers within 30 days. "The South Dakota law is not going into effect this afternoon".

Economy Uber Paying Drivers More to Use EVs in New Pilot Program
Author: 0 Uber Paying Drivers More to Use EVs in New Pilot Program

Uber said it will also work to educate drivers on what government incentives are available for electric cars in their areas. For instance, the company expects to break ground in the coming weeks on EV charging stations at its San Diego Greenlight Hub, a driver facility at 7310 Miramar Road.

Author: 0 Energy Stocks To Watch Ahead Of OPEC Meetings

Iran, OPEC's third-largest producer, had demanded OPEC reject calls from US President Donald Trump for an increase in oil supply, arguing that Trump had contributed to a recent rise in prices by imposing sanctions on Iran and Venezuela. The Iranian publication Seda quoted anonymous sources as saying Zanganeh told the other producers that the proposed increase would pave the way for cuts in Iranian oil output that are likely to result from a reimposition of US sanctions against Iran in the fall.

Economy European Union tariffs target USA goods from motorbikes to jeans
Author: 0 European Union tariffs target USA goods from motorbikes to jeans

In return, the European industry leaders want U.S. President Donald J. Trump to withdraw the threat of imposing a 25 percent tax on European auto imports, made after the EU threatened retaliation to metal tariffs. goods exported to India rose almost $26 billion, up 18 percent from the previous year. Canada has announced that it will impose retaliatory tariffs on C$16.6 billion (S$17 billion) worth of USA exports from July 1.

Economy Trade War Fallout: 5 ways the Trump tariffs could impact air cargo
Author: 0 Trade War Fallout: 5 ways the Trump tariffs could impact air cargo

The possibility of such a war has been in focus after US President Trump announced tariffs on Chinese goods and China retaliated with tariffs on most agricultural imports from the US. Commerce Secretary Wilbur Ross told broadcaster CNBC on Thursday. European consumers would be able to find "alternatives", European Commission Vice President for trade Jyrki Katainen said .

Economy Oil rises ahead of OPEC meeting while trade disputes loom over markets
Author: 0 Oil rises ahead of OPEC meeting while trade disputes loom over markets

Several other OPEC members, including Venezuela and Iraq, are also against major changes to the pact as they are unable to immediately boost production. Venezuela's oil industry is collapsing due to years of mismanagement and an economic crisis. Meanwhile, production in the United States remains high.

Economy China accuses Trump of 'blackmail' after new tariffs threat
Author: 0 China accuses Trump of 'blackmail' after new tariffs threat

Because Canada's economy is significantly smaller than the USA economy, Canadians have more to lose in the event of a trade war , says Ian Lee, an associate professor of business at Carleton University. This approach to trade, economists said, is based on a false understanding of how the global economy works, one that also plagued American policy-makers almost a century ago.

Economy Trump's policies have caused high oil prices
Author: 0 Trump's policies have caused high oil prices

But Opec's crunch meeting in Vienna on Friday finds the oil cartel divided after almost two years of unity over production curbs, which were due to run until the year's end. Iran had been expected to oppose any rise in crude output, but it has now signalled it may support a small increase. Trump has in recent months repeatedly blamed OPEC for a spike in oil prices, but Zanganeh said it was U.S.

Economy Audi CEO Rupert Stadler arrested over diesel emission cheating scandal
Author: 0 Audi CEO Rupert Stadler arrested over diesel emission cheating scandal

Stadler joined Audi in 1990 as part of the sales and marketing team. Audi's boss has now been detained over concerns he might be tempted to suppress evidence related to the diesel emissions cheating. Last week, KBA said that up to a million Daimler cars had been found to contain illegal emissions devices. The same goes for Munich prosecutors and Stadler.

Author: 0 European Union levies tariffs on $3.2B on U.S. goods over metals duties

The European Union will slap U.S. products with a series of retaliatory tariffs from Friday, it confirmed this morning. The EU retaliatory tariffs will initially target a list of USA goods worth 2.8 billion euros (3.24 billion dollars), most of which will be hit with import duties of 25 per cent.

Economy American Airlines cancels PSA flights through Monday
Author: 0 American Airlines cancels PSA flights through Monday

The airline said the issue happened to a regional carrier - PSA Airlines - causing Sunday morning and afternoon flights to be delayed. American Airlines has not responded to FOX 46 Charlotte's request for information relating to the specifics of the " technical issue ".

Economy Starbucks plans to close 150 locations
Author: 0 Starbucks plans to close 150 locations

The affected stores are located in mostly urban areas that are densely populated with Starbucks locations. Starbucks Chief Financial Officer Scott Maw reportedly acknowledged that the incident "had an impact" on the low same-store sales growth rate of 1 percent expected for the quarter beginning next month.

Economy Disney making $70.3 billion counterbid for Twenty-First Century Fox
Author: 0 Disney making $70.3 billion counterbid for Twenty-First Century Fox

As part of the deal, Disney will acquires 20th Century Fox, Fox's film studio, as well as a cable group that includes FX Networks, National Geographic and several global channels and regional sports networks. In light of the new Disney offer, Fox has reportedly not concluded that the June offer from Comcast would count as a "superior proposal", as per the existing merger agreement with Disney, but the new amended offer still allows the Fox board of directors to evaluate a new competing proposal.

Economy China Blasts New US Tariff Threat, Warns It Will Retaliate
Author: 0 China Blasts New US Tariff Threat, Warns It Will Retaliate

On July 1, Canada is set to impose retaliatory action of $16.6 billion on USA products after Trump slapped tariffs on aluminum and steel - and he has threatened more to come on automobiles. A counter punch was swift in coming, with a statement from Beijing on Friday night that it would "strike back forcefully". The Business Roundtable, representing companies with more than $7 trillion in annual revenue, said the administration's feud with China "will only make it harder to ...