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Trump announces new tariffs on $200 billion in Chinese goods

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The latest levies are set to go into effect September 24 and remain at 10 percent until the end of the year. Dutch bank ING, meanwhile, estimated that 2.5 percent of world trade was now affected by the tariffs and will be 4 percent if Trump carries out a threat to put them on the remainder of Chinese imports unless Beijing meets his demands. Read More »

USA impose new $200bn tariffs on China imports

The U.S. -China trade fight is becoming more perilous for Apple Inc., as the Trump administration's tariffs threaten some of its gadget sales in the U.S. Multiple media reports in recent days cite officials saying Trump had chose to press ahead with tariffs on $200 billion in goods as soon as Monday. Read More »

Diver Behind Thai Soccer Team Rescue Sues Elon Musk Over Pedophile Remark

The lawsuit seeks $75,000 (£57,000) in compensation and an injunction against Mr Musk to stop further allegations. Musk and engineers from his company, SpaceX, had created a small submarine to help with the rescue. Harper brought two other divers, John Volanthen and Rick Stanton, to help with the rescue. Then in a second email to BuzzFeed , he accused Unsworth of being a liar and said he was not on the cave dive team. Read More »

Beijing likely to cancel trade war talks after latest Trump tariffs

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Conflicting messages coming from the Trump administration on tariffs amid the USA trade war with China could sink prospective negotiations between the two countries before they begin, damaging pros-pects for a resolution to the growing dispute, according to a Wall Street Journal (WSJ) report, which cited officials with knowledge of the discussions. Read More »

India to merge three state-owned banks to tackle bad loans

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Reacting on the proposal of merger, the FM said that the government had announced in the Union Budget that consolidation of banks will be on the agenda of the government. "This major decision was taken by [the] Alternative Mechanism today to amalgamate Bank of Baroda, Dena Bank and Vijaya Bank". "This will hopefully create a mega bank that will be sustainable", Jaitley added. Read More »

Trump raises stakes with new round of China tariffs

The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on January 1. However now, nearly 8 months or so in to the trade conflict, we see that significant actual tariffs have been implemented amid a wide variety of other sanctions between USA and Chinese companies. Read More »

Trump imposes tariffs on $200B more of Chinese goods

Besides retaliating with tariffs, China could also restrict export of goods, raw materials and components core to USA manufacturing supply chains, former finance minister Lou Jiwei told a Beijing forum on Sunday, according to an attendee. It has been given new life, and is thriving. "President Trump's decision to impose an additional $ 200 billion is reckless and will create lasting harm to communities across the country", said Dean Garfield, president of the Information Technology Industry ... Read More »

Trump promises post-market announcement as China tariff reports swirl

China's 'counterattack strategy needs to restrict exports to the United States as well as (imports of) USA goods, ' Lou was paraphrased as saying. Trump also proclaimed the US steel industry the 'talk of the World'. China wants talks based on 'mutual trust, ' said a foreign ministry spokesman, Geng Shuang. Washington, Europe and other trading partners say those plans violate China's market-opening commitments. Read More »

Elon Musk sued by British diver he accused of being a pedophile

In a blog dated September 7, Musk said Tesla is about to build and deliver more than twice as many cars as it did last quarter. It appeared that Musk's anger and accusations were perhaps sparked by embarrassment after Unsworth criticized a mini submarine that Musk had sent to Thailand, but which turned out to be of no use in the rescue of the boys. Read More »

Coca-Cola to get into the cannabis business? ‘The space is evolving quickly’

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A Coca-Cola spokesman added: 'Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world. There is no guarantee that talks between the companies will be successful or that a commercial agreement would be made public, BNN Bloomberg reported. Read More »

Amazon workers 'bribed to remove bad reviews'

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According to the newspaper, which did not give figures, employees of the online giant sell internal data and other confidential information - usually through intermediaries - to merchants who sell their goods on the U.S. The internal probes are part of Amazon's continuous efforts to maintain the integrity of its coveted product rating system, while weeding out those engaged in fraudulent practices among the site's highly competitive independent sellers. Read More »

15 killed as Florence pounds US East Coast

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The South Carolina authorities said law enforcement officers were guarding against looting in evacuated areas, while Wilmington set a curfew on Saturday evening in response to looting in one area. Army base, is just west of Fayetteville. The forecast for Florence has not changed, unfortunately: It's still raining, and rivers are still rising. Read More »

Foodstuffs and Woolworths NZ halt all Australian strawberries distribution

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There are unconfirmed reports of an Australian man alerting police, after he found in a needle in his sin while washing strawberries and a 7-year-old girl who this weekend found a needle in "a Western Australian-grown strawberry". The Department of Health said it was aware police were investigating the York incident, and that it was in addition to the case being looked at in South Australia . Read More »

Karnataka government cuts Petrol, Diesel prices by Rs 2/litre

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Petrol and diesel prices in Mumbai have gone up by Rs 2.36 a litre and Rs 3.72 a litre, respectively, since August 31. Diesel prices stood at Rs 73.78/litre, increasing by Rs 0.6/litre in Delhi, and Rs 78.33/litre in Mumbai. Increased fuel prices have triggered the demand for reduction in taxes levied on fuel prices, besides bringing it under the ambit of goods and services tax (GST). Read More »

India reducing oil from Iran ahead of USA sanctions

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Washington is seeking to cut Iranian oil exports to zero by November as it reimposes sanctions, and is encouraging other producers such as Saudi Arabia , other OPEC members and Russian Federation to pump more to meet the shortfall. As supply cuts are reversed, OPEC's crude oil production in August (excluding Congo, which joined OPEC in June) rose to a 10-month high. He was formerly with OPEC and Saudi Aramco. Read More »

'Significant leads' after metal object discovered in Queensland banana

Strawberry brands known to be affected are Donnybrook Berries , Love Berry , Delightful Strawberries , Oasis , Berry Obsession and Berry Licious . There have now been nine confirmed cases of strawberries found with needles in them and one consumer has been hospitalised, the ABC reported . There are around 150 commercial strawberry growers in Queensland . Read More »

Salesforce billionaire Marc Benioff to buy Time magazine

Almost eight months after Meredith Corp. completed its purchase of Time Inc ., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff , co-founder of Salesforce.com, and his wife Lynne Benioff. "The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all", Benioff wrote. Print advertising is on the decline and Time cut circulation down from 3 million to 2.3 million earlier this year, according to ... Read More »

Bank holds interest rates and warns over no-deal Brexit

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The Bank of England and Britain's largest banks are well prepared for a disorderly Brexit , the central bank's governor Mark Carney said on Friday, amid reports he had warned it could trigger a house price crash. "One of the bigger risks for the global economy are developments in China", Carney said in an extract of the interview released on Wednesday on the BBC's website. Read More »

United States plant operators prepare for Hurricane Florence

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Nuclear Regulatory Commission, with inspectors on-site, remains informed of our plans regarding plant shutdown". "Other plants near the storm's projected path are also taking precautions". The Robinson plant responded to a temporary loss of off-site power by shutting down safely. Speaking during a visit to Moscow less than an hour after the hurricane made landfall in North Carolina, Perry said "we've done this many times before". Read More »

Henri Bendel to close after more than 100 years

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Henri Bendel, known for its signature brown-and-white bags, will close all 23 of its locations. The conglomerate noted that it now intends to focus on other brands with a larger growth potential (its roster includes Bath & Body Works and Victoria's Secret ). Read More »

Needles found in Gladstone family's strawberries

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An update on the investigation was released amid what authorities said was thought to be a "copycat incident" and provided a photo in relation to it. So far, NSW Police has received reports of contaminated strawberries purchased at supermarkets at Tweed Heads, Taree, and Wingham. Police have been unable to confirm whether the contaminated products are linked to the original contamination in Queensland or a copycat, however they are urging anyone who has purchased contaminated products ... Read More »

Government to cut down non-essential imports: Arun Jaitley

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The finance minister said the GST was settling down and a pick-up in consumption would obviously have an impact on the collections in the coming months. Asked if fuel prices and duty cuts were discussed, he said the meeting today was internal review meeting. Petrol and diesel prices have also touched record highs. Read More »

BMW shows off self-driving motorcycle

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BMW hopes the program will in the future greatly assist bikers by operating as an autonomous driving assistant that adjusts steering during risky situations on the road. The National Highway Traffic Safety Administration recently issued a report calling for the deployment of more electronic motorcycle safety tech. The motorcycle uses similar technologies to those already featured in vehicles such as the 7-Series and 5-Series sedans, utilising high-definition cameras and radar sensors to ... Read More »

Jamie Dimon doesn't have the "smarts" to be president

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Trump tweeted that Dimon "doesn't have the aptitude or "smarts" to be president, adding that he's "a poor public speaker & nervous mess". "I've made a lot of bankers, and others, look much smarter than they are with my great economic policy". Read More »

Oil prices rise on declining USA crude stockpiles, looming Iran sanctions

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Supplies at the key storage hub in Cushing, Oklahoma, rose by an estimated 900,000 barrels last week, according to a Bloomberg forecast. 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. Read More »

Here's your sign: Waffle House closed until after Florence

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The Waffle House on Frontage Road in Myrtle Beach was eerily empty two days before Hurricane Florence is expected to make landfall somewhere in the Carolinas, a sign to many that this storm is ones to take seriously. FEMA has since developed a color-coded system that is dependent on Waffle House's status. FEMA even uses restaurant sales bumps as an indicator in monitoring severe weather, more specifically through the Waffle House Storm Center . Read More »

GM recalls one million pickup trucks, SUVs

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The latest recall covers a total of 1.2 million vehicles, mostly in the U.S., Canada and Mexico. The affected models include the Chevrolet Silverado , Suburban and Tahoe , the GMC Sierra and Yukon , and the Cadillac Escalade , all of which are from the 2015 model year. Read More »

FEMA to test 'Presidential Alert' system next week

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UCLA communications professor Tim Groeling agreed, writing via email, "broadcast-based emergency alert systems . have remained professional and impartial over decades". The well-worn emergency alert system reaches mainly radio and television broadcasters, cable systems, satellite radio and television providers. FEMA also assured people that it can't track cell phone users' locations through the alert system. Read More »

Volkswagen to stop making iconic Beetle next summer

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The Volkswagen Beetle Final Edition from L.A is finished in a new Aquarius Blue colour along with the option of a hard roof in black colour or a soft top in black colour. He originally named the vehicle the "Kraft Durch Freude" meaning "strength through joy" but it was later changed to " Volkswagen ". But sales, particularly in the key United States market, have fallen in recent years. Read More »

TripAdvisor Helps Put Man Behind Bars for Review Fraud Scheme

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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". Read More »