Finance

Finance EU Fines Google $5 Billion for Breaching Antitrust Rules With Android
Author: 0 EU Fines Google $5 Billion for Breaching Antitrust Rules With Android

The latest fine is almost double the previous one of 2.4 billion euros, which was also against Google in 2017 in the online shopping comparison case. That gives Google too much power over competition between different operating systems, the European Union says. The EC isn't done examining Google's business practices , saying that it "continues to investigate restrictions that Google has placed on the ability of certain third-party websites to display search advertisements from Google's ...

Finance Elon Musk could face legal action after Thai cave rescuer ‘pedo’ comments
Author: 0 Elon Musk could face legal action after Thai cave rescuer ‘pedo’ comments

Narongsak Osotanakorn, the chief of the rescue mission , described Musk's device as " not practical " for the operation, though acknowledging the equipment's state-of-the-art technology. " He was one of the driving forces in getting everything done and clarifying for us divers what was going on ", he told AFP . British rescuer Vern Unsworth says he is considering legal action against U.S.

Author: 0 Netflix's share price slumps 14 per cent after disappointing second quarter

The reason behind this is that Netflix is now has a free cash flow of negative $559 million meaning they once again spent more in the second quarter of 2018 than they made. "We had a strong but not stellar quarter, " the company wrote in a letter to shareholders. While most of the company's revenue growth comes from global markets, the vast majority of its costs remain dollar-denominated.

Finance There's room for small businesses to compete with Prime Day
Author: 0 There's room for small businesses to compete with Prime Day

That's why Amazon is promoting so many grocery offerings on Prime Day , trying to extend the loyalty of 100 million global Prime members to the food aisle. This year's Prime Day promises to be the biggest and best so far. If you have never been a prime member, you can also take a one-month free-trial for the goal of the Prime day sale, you do not want to miss it.

Finance China says 'bully' United States started a trade war
Author: 0 China says 'bully' United States started a trade war

The figures come after the two sides exchanged tit for tat tariffs on billions of dollars worth of goods and Donald Trump threatened to up the ante with measures on a colossal $200 billion of Chinese imports. But in a statement coming from the Chinese Commerce Ministry, The Asian nation said the surplus was overestimated and caused by America's own "domestic structural problems".

Finance United Kingdom retailers ‘hijack’ Amazon Prime Day
Author: 0 United Kingdom retailers ‘hijack’ Amazon Prime Day

Daniel Ives believes that this strategy would surely allow Amazon to go on and become established further into the daily lifestyle of consumers and reach out to more customers with dual services on a worldwide basis. (Exclusive streaming of "The Americans", "Downton Abbey" and originals like "Transparent" could be in your future.) And you can watch Oscar-nominated movies like "Lady Bird" and "Moonlight" between binges of camp-tastic "Dynasty" and black comedy "Fleabag".

Finance Asia stocks sag on trade war fears, dollar buoyant
Author: 0 Asia stocks sag on trade war fears, dollar buoyant

It also includes consumer goods ranging from auto tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products. Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalized. "US doesn't have and won't have a better ally than EU", European Council president Donald Tusk retorted in a message sent on Twitter.

Finance United States steps up China trade spat with $200bn new tariffs
Author: 0 United States steps up China trade spat with $200bn new tariffs

In a statement, U.S. Trade Representative Robert Lighthizer said that the new 10-percent tariffs were in response to what he called China's "retaliation and failure to change its practices". But China only bought about $135 billion in USA goods past year, meaning it will run out of American products to tax before it matches Trump's latest move.

Finance U.S. job growth strong; unemployment rate rises to 4 percent
Author: 0 U.S. job growth strong; unemployment rate rises to 4 percent

This was most due to a 1 percentage point rise in the unemployment rate for black women, although their EPOP also rose by 0.6 percentage points. Steady hiring and low unemployment shows the labor market continues to be an area of strength for the economy since the recession ended nine years ago.

Finance ZTE fills executive ranks with new management, picks replacement CEO
Author: 0 ZTE fills executive ranks with new management, picks replacement CEO

ZTE's business has effectively been suspended since the order was given in April and it said its future survival was at risk if it could not continue to deal with U.S. In addition, according to the report, deputy CTO Wang Xiyu will become CTO, while wireless technology expert Xu Feng will head up the vendor's devices business.

Finance Zuckerberg overtakes Buffett as third-richest person after share price rise
Author: 0 Zuckerberg overtakes Buffett as third-richest person after share price rise

The shift is fresh evidence of the growing fortune of those in the tech industry, with the three wealthiest individuals on earth making their money from technology. Some 270,000 people downloaded the application and logged in with their Facebook credentials, according to Facebook. The social network's stock dipped earlier this year after it was revealed a researcher contracted by Cambridge Analytica had harvested data from not just people who took a pop quiz, but their friends and friends ...

Finance Netflix testing higher-priced ‘Ultra’ plans
Author: 0 Netflix testing higher-priced ‘Ultra’ plans

The new tier will offer the same quality and features as Netflix's Premium tier which, at $13.99, was the highest tier available. Before, Netflix was going on about with its three-tier subscription that included the Basic, Standard and the Premium.

Finance EU package does not cover all demands of Iran
Author: 0 EU package does not cover all demands of Iran

Iran's remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the United States withdrawal and sanctions threat. Iran's remaining partners in the JCPOA vowed on Friday to keep the energy exporter plugged into the global economy. Three European nations along with Russian Federation and China vowed at the meeting to keep the energy exporter plugged into the global economy despite the U.S.

Finance UMC secures injunction against Micron chips in China
Author: 0 UMC secures injunction against Micron chips in China

Micron Technology (NASDAQ:MU) traded 3% higher on Thursday morning, bouncing back after China imposed an injunction on its chips earlier this week, which pushed shares lower. Micron still has the right to appeal, and the follow-up of this case is bound to become the focus of the global memory industry amid the critical stage for the US-China trade war.

Finance Chinese shares extend weekly losses as USA tariffs kick in
Author: 0 Chinese shares extend weekly losses as USA tariffs kick in

The government said previously it would hit more than 500 USA export items - including cars and major agricultural goods such as soybeans and meat - worth the same as the Chinese products targeted by the United States. The taxes target 818 kinds of Chinese products in industries such as aerospace, information and communications technology, robotics, industrial machinery, new materials and automobiles, according to a USTR list released previously.

Finance Lower oil prices or we will not ‘defend’ you
Author: 0 Lower oil prices or we will not ‘defend’ you

Founded in 1960, OPEC is a group of governments whose countries are significant oil producers. Analysts had expected a 3.5 million-barrel draw. Iran's OPEC governor, Hossein Kazempour Ardebili, had earlier on Thursday urged Trump to stop tweeting about oil, saying his missives were backfiring and driving prices higher.

Finance Canada tariffs on U.S. goods from ketchup to lawn mowers begin
Author: 0 Canada tariffs on U.S. goods from ketchup to lawn mowers begin

The strongest Canadian trade actions since World War II will go in place on July 1 and stay until the USA removes the steel and aluminum restrictions, according to Canada's government. But that effort has stalled, and Trump said Sunday that he didn't expect a deal that he could support until after the USA midterm elections in November.

Finance China central banker says currency slide under observation
Author: 0 China central banker says currency slide under observation

Chinese currency and equity markets have been volatile ahead of July 6, when USA tariffs on $34 billion worth of Chinese goods are set to kick in. It had previously forecast 6.4 yuan per dollar in each year. The yuan was last traded at 6.6960 per dollar. China is not using yuan depreciation as a tool in its trade conflict with the US, and will likely step in to avert any disorderly decline , according to Morgan Stanley.

Finance US Emphasized 'Strong Commitment' to WTO, IMF Says
Author: 0 US Emphasized 'Strong Commitment' to WTO, IMF Says

Founded in 1995 as a successor to the General Agreement on Tariffs and Trade , the WTO was meant to establish a general governance mechanism that would expedite global trade and litigate trade disputes through its arbitration body. leaving the WTO by ensuring that the country actually "does well" in the organization. The bill, known as the United States Fair and Reciprocal Tariff Act , essentially provides Trump a license to raise USA tariffs at will, without congressional consent, ...