Business

Audi CEO Rupert Stadler arrested in diesel investigation, report says

Audi CEO Rupert Stadler arrested in diesel investigation, report says Audi has been caught up in the diesel emissions scandal that has plagued VW. The directors of Audi and Volkswagen discussed how to run its more profitable division without Stadler, but failed to come to a conclusion, the carmaker said late on Monday. [Full Article...]

Dollar rises above ¥110.50 in Tokyo on euro weakness

Dollar rises above ¥110.50 in Tokyo on euro weakness The purchases, which pump newly created money into the financial system, have driven down longer-term interest rates for borrowers such as governments and home buyers but have reduced returns for savers and made it harder to fund pension savings due to low returns on safe investments. [Full Article...]

US Federal Reserve raises interest rates

US Federal Reserve raises interest rates While investors and economists spend the next few days deciphering new Fed Chairman Jerome Powell's decision to hold a press conference after every meeting and what the projected path of future hikes means for the economy , the lastest hike will hit your wallet nearly immediately. [Full Article...]

Comcast bids for Murdoch's Fox assets in Disney challenge

Comcast bids for Murdoch's Fox assets in Disney challenge The bid sets up a fight with Disney, which announced its own plan to acquire those businesses previous year. Comcast and Disney say Fox would bring original material and global reach that can help them compete. The Justice Department filed the suit in November alleging that AT&T would be able to hike rates of its premium channel packages and wrangle higher retransmission fees of Time Wa... [Full Article...]

Canada's PM is back-stabber unworthy of Trump's time, trade adviser says

Canada's PM is back-stabber unworthy of Trump's time, trade adviser says Navarro said Trump "did the courtesy to Justin Trudeau to travel up to Quebec for that summit". In a string of angry tweets , Trump said the USA paid "close to the entire cost of Nato" to help protect countries that "rip us off on trade". [Full Article...]

Tesla To Allow Fully Autonomous Features Beginning In August

Tesla To Allow Fully Autonomous Features Beginning In August But now with the upcoming software update Musk claimed that the update would bring "full self-driving features" to the Tesla's vehicle would be able to drive itself. The Tesla made no attempt at braking or steering away from the collision, the NTSB said . As for the flying bit, while the Roadster may be capable of small jumps, Musk has previously spoken against the idea of true flying cars... [Full Article...]

Singapore summit: Kim's running bodyguards back in action

Singapore summit: Kim's running bodyguards back in action Bush. Among the three dozen or so North Koreans seen at breakfast on Monday were some of the regime's most powerful men, usually only spotted by North Korea watchers in photographs published in state media as they line up at official events. [Full Article...]

Possibility of peace treaty at Trump-Kim summit offers hopes - and fears

Possibility of peace treaty at Trump-Kim summit offers hopes - and fears Donald Trump is now travelling to Singapore where he will hold a historic summit with Kim Jong-un on Tuesday - after weeks of on-again off-again chaos. The U.S. president then announced his intention to pull Washington out of the landmark deal on climate change. "I think it would be an asset to have Russian Federation in", he said. [Full Article...]

Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman

Tesla 'quite likely' to meet Model 3 goal; Musk remains chairman Tesla Inc ( TSLA .O) shares rose 3.5 percent on Wednesday morning after Chief Executive Elon Musk said the vehicle maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end of June. Shares fell as much as seven per cent after Musk's snub, evaporating $2 billion USA from Tesla's stock market value. According to Tesla , shareholders vote... [Full Article...]

NAFTA is Dead: Trump Seeks Separate Agreements With Mexico and Canada

NAFTA is Dead: Trump Seeks Separate Agreements With Mexico and Canada But hope faded when US Commerce Secretary Wilbur Ross announced that the United States would impose tariffs of 25 percent on steel and 10 percent on aluminium from Canada and others from Friday. The president has repeatedly railed against China on trade during his presidential campaign and earlier this year exchanged multi-billion dollar tariff threats with the country. [Full Article...]

Trump tells allies to fix USA trade balance

Trump tells allies to fix USA trade balance Massive US tariffs on European Union steel imports came into force on Friday as Britain made it clear a trans-Atlantic trade war would be bad for both sides. USA trading partners had demanded that the exemptions be extended or made permanent. Even some Trump allies in Congress said the trade moves were misguided. [Full Article...]

Morocco World Cup would be 'almost European'

Morocco World Cup would be 'almost European' However Chechesove is like an engineer without his best tools after injuries robbed him some of his best players who could help him impose his tactics best in the tournament. "The impact is likely to be even lower" than the 2014 Winter Olympics hosted by Russian Federation in Sochi, "which developed an under-built resort area that is more accessible than numerous regions where the World Cup will... [Full Article...]

Asian shares languish as Italian turmoil hits world markets

Asian shares languish as Italian turmoil hits world markets European markets fell sharply Tuesday, especially in Italy, Greece and Spain, and US stocks also sustained losses. The two-year yield more than doubled, from under 1 percent to 2.2 percent. Banks plunged as Wall Street expected they would earn thinner profits. The Nasdaq composite fell 37.26 points, or 0.5 percent, to 7,396.59. "And despite all the doom and gloom prophesies, the Italian politi... [Full Article...]

U.S. to slap tariffs on steel, aluminium from European Union on Thursday

U.S. to slap tariffs on steel, aluminium from European Union on Thursday In a series of tweets shared at the time, Trump expanded on his initial plans to implement tariffs after an announcement he made in March . In response to the announcement, European Commission President Jean-Claude Juncker lamented that today is a bad day for world trade, adding that it is " totally unacceptable that they impose unilateral tariffs on trade - countermeasures will follow".... [Full Article...]

Amazon can't or won't collect sales tax in Australia

Amazon can't or won't collect sales tax in Australia Previously, GST only applied to most goods and services sold in Australia , as well as imports worth more than A$1,000, giving companies that sold cheap imported goods an advantage over local suppliers. Under new GST collection laws, online retailers will be forced to apply the 10 percent GST to goods purchased on global sites and shipped to Australia. [Full Article...]

Sears is closing four stores in Texas | Retail

Sears is closing four stores in Texas | Retail Only 12 Sears department stores will remain in MI after the closures, not counting dozens of franchised Sears Hometown stores. Sears will close at least 72 more stores as sales plunge and losses mount. The Illinois-based retailer had previously announced that 166 stores would close this year . Sears Holdings closed its Kmart location at 180 Main St.in Saugus on earlier this month. [Full Article...]

Indigenous activists eye oil spill at Kinder Morgan pumping station

Indigenous activists eye oil spill at Kinder Morgan pumping station But the next protester who is arrested will be handcuffed in the name of Mr. Trudeau and his Liberals, University of B.C. political scientist Kathryn Harrison said. Kinder Morgan Canada's pipeline business earned $63.6 million before depreciation and amortization in the three months to the end of March, compared to earnings of $53.6 million for its terminal business. [Full Article...]

US imposing steel and aluminium tariffs on Canada

US imposing steel and aluminium tariffs on Canada The European Union has already notified the World Trade Organization of plans to levy duties on $7.2 billion worth of US exports in response, with the aim of collecting $1.6 billion in tariff revenue. Both parties had previously said that tariffs would be put on hold as talks continued. U.S. Commerce Secretary Wilbur Ross said during a call with reporters on Thursday that slow progress on th... [Full Article...]

Tesla Autopilot blamed for crash with parked police vehicle

Tesla Autopilot blamed for crash with parked police vehicle The driver suffered minor injuries and told police the vehicle was using its driver-assisting Autopilot mode. Cota wrote that the vehicle had Tesla's semi-autonomous Autopilot feature activated when it crashed into a parked police department vehicle. [Full Article...]

Trump to meet Abe before 'expected' Kim summit

Trump to meet Abe before 'expected' Kim summit Earlier on Friday, Trump told reporters the United States and North Korea still wanted to arrange a landmark meeting between the two leaders. Hours after releasing the letter, he declared hours later, "I really believe Kim Jong-un wants to do what's right". [Full Article...]


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