Finance

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.

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, ...

Finance China to impose $34bn tariffs before the United States as trade dispute escalates
Author: 0 China to impose $34bn tariffs before the United States as trade dispute escalates

President Donald Trump's trade tariffs had extended the recent slide in Asian markets overnight, in particular Chinese shares which are now deep into "bear" market territory. Those measures appear to be aimed at the United States' heartland, which helped lift Trump into the White House. The initial set of US tariffs could rock companies in the technology sector and hike the price of "Walmart-type" products.

Finance Lakers fans go wild after LeBron James announcement
Author: 0 Lakers fans go wild after LeBron James announcement

Since the Lakers secured an agreement from LeBron James , they've devoted most of their remaining financial resources to one-year deals with the likes of Rajon Rondo , Kentavious Caldwell-Pope, Lance Stephenson and JaVale McGee . The saving grace is that Rondo's contract is for one year, meaning it won't compromise the Lakers' cap space for next offseason. Los Angeles could consider trying to acquire Damian Lillard from the Portland Trail Blazers.

Author: 0 Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

Last week, US State Department officials announced that they are pushing nations to bring down purchases of Iranian oil to zero. The official Saudi Press Agency confirmed a phone call between Trump and Salman about oil, but mentioned no specifics and the White House later struck a more cautious tone, saying in a statement the two leaders had "reaffirmed their dedication to a healthy and stable global energy market".

Finance Canada hits back at United States with tariffs on metals, goods
Author: 0 Canada hits back at United States with tariffs on metals, goods

The president's tweet came as the US faces escalating trade disputes across the world, including with key USA allies, over the Trump administration's tariffs . Prime Minister Justin Trudeau said it was necessary for Canada to hold the United States to account. He urged Canadians to "make their choices accordingly" in considering whether to buy American products.

Finance Canada Imposes Retaliatory Tariffs on US Goods
Author: 0 Canada Imposes Retaliatory Tariffs on US Goods

On Sunday, Ottawa responded to the Trump administration's tariffs on Canadian steel and aluminum with duties of its own against US imports - dollar-for-dollar, reciprocal tariffs that target steel and aluminum, as well as a long list of consumer goods, the government says.