Russian Federation and China block U.S. on North Korea oil — United Nations diplomats

Diplomats expect Pompeo to push the council to keep strictly enforcing the United Nations sanctions. The United Nations Security Council tightened sanctions on North Korea in August in efforts to contain its nuclear weapons and ballistic-missil... More..

by | Published more than a month ago
Amazon close to edging out Apple as most valuable American company
by | Saturday, July 21, 2018

Amazon close to edging out Apple as most valuable American company

That puts it within spitting distance of the Cupertino tech giant's current $935 billion. The Silicon Valley company's shares have risen 12 percent in 2018, bringing its stock market value to $935 billion. Ap...More..

by | Saturday, July 21, 2018

Trump Breaks Precedent in Criticizing the Fed

Trump said the United States had been being taken advantage of by China for a long time. Breaking with the tradition of respecting the independence of the central bank, President Donald Trump Thursday expre...More..

US launches national security probe into uranium imports
by | Saturday, July 21, 2018

US launches national security probe into uranium imports

He promised a "thorough, fair and transparent review". The Commerce Department said Wednesday it will probe "whether the present quantity and circumstances of uranium ore and product imports into the USA thre...More..

Microsoft's Cloud Proves It's Worth the Big Price
by | Saturday, July 21, 2018

Microsoft's Cloud Proves It's Worth the Big Price

On a conference call with investors, Nadella attributed the strong results in part to a recent reorganization of the company's engineering teams to prioritize cloud computing and artificial intelligence ove...More..

Trump's Fed criticism prompts fears he's questioning bank's independence
by | Saturday, July 21, 2018

Trump's Fed criticism prompts fears he's questioning bank's independence

Trump wrote. Subtracting inflation, the rate is slightly negative in real terms and still "accommodative" for growth and borrowing, as the Fed said in its June statement. At their last meeting, G20 finance chi...More..

Promise to electrify every village within 1000 days fulfilled: PM Modi
by | Friday, July 20, 2018

Promise to electrify every village within 1000 days fulfilled: PM Modi

PM Modi also expressed confidence in the Members of Parliament saying that he was certain that they will rise to the occasion and ensure a constructive, comprehensive and disruption-free debate. The National De...More..

by | Friday, July 20, 2018

Trump slams rate increases by independent Federal Reserve

Trump acknowledges his comments are likely to concern many people, given that the Fed is an independent regulator which asserts its separation from political pressure and the White House. "But at the same time...More..

by | Friday, July 20, 2018

Trump 'ready' to tax all Chinese imports

Mr Trump's comments come before the most recent round of USA tariffs has had time to take effect. The US and China have already imposed tit-for-tat tariffs of $34bn on each other's goods. The Trump administ...More..

IBM Q2 2018 Earnings, Revenues, Analysis
by | Friday, July 20, 2018

IBM Q2 2018 Earnings, Revenues, Analysis

It posted earnings after certain costs such as stock compensation of $3.08 per share on revenue of $20 billion, nudging past Wall Street's expectations of $3.04 per share on revenue of $19.85. "Compuware can co...More..

Crude Prices Rise Despite Record U.S. Output, Inventory Builds
by | Friday, July 20, 2018

Crude Prices Rise Despite Record U.S. Output, Inventory Builds

N Crude has retreated by about 6 per cent this month as the prospect of a tit-for-tat trade war between the U.S. and China rattled global financial markets. -Chinese trade war that could dampen prices and dem...More..

by | Friday, July 20, 2018

Trump tells Fed not to raise rates

The Fed has been independent from political interference during its existence, so comments direct as these will undoubtedly stir debate. The Fed has been set on a slow and steady path of interest rate hikes...More..

EU Commission calls on members to step up Brexit preparations
by | Friday, July 20, 2018

EU Commission calls on members to step up Brexit preparations

The European Commission published a document warning over the potential impact of no deal, from the ability to travel to the collection of tariffs and the need to safeguard EU standards and regulations. Addre...More..

Proposed 25 percent tariff on auto imports drives discussion in Washington
by | Friday, July 20, 2018

Proposed 25 percent tariff on auto imports drives discussion in Washington

The study found US auto production can't quickly increase, taking at least a year to convert an under-utilized plant and on average two years to build a new assembly facility. "We caution that any rash actions ...More..

British Airways says Heathrow flights hit by computer problems
by | Friday, July 20, 2018

British Airways says Heathrow flights hit by computer problems

Passengers at the airport on Wednesday described chaotic scenes as people tried to catch flights and complained there was a lack of information from the airline. "Emergency services responded using our regular ...More..

by | Friday, July 20, 2018

U.S. faces retaliation if vehicle tariffs go ahead

John Bozzella, who heads the Association of Global Automakers, which represents Honda Motor Co, Hyundai Motor Corp and other foreign automakers, said in his testimony prepared for Thursday that Commerce "so far...More..

New Zealand Consumer Prices Rise 0.4% In Q2
by | Friday, July 20, 2018

New Zealand Consumer Prices Rise 0.4% In Q2

This will allow the Bank of Israel to raise the interest rate above the historic low of 0.1%, where it has remained since March 2015. The Israeli economy remains strong with the Central Bureau of Statistics r...More..

by | Friday, July 20, 2018

Donald Trump Says He's 'Not Happy' About Federal Reserve Interest-Rate Increases

Its rate hikes are meant to prevent the economy from overheating and igniting high inflation. Eventually Burns relented, aiding Nixon but also helping to feed runaway inflation that dogged the USA economy for a...More..

Gold Price Falls; Look at Factors Governing the Rates This Week
by | Friday, July 20, 2018

Gold Price Falls; Look at Factors Governing the Rates This Week

Spot gold was down 0.2 per cent at $1,224.16 an ounce. Spot gold was down 0.2pc at $1,224.71 an ounce by 1240 GMT after touching its weakest since July 14 previous year at $1,220.81. In a closely watched two-...More..

MP declares no confidence in Theresa May over EU withdrawal plans
by | Thursday, July 19, 2018

MP declares no confidence in Theresa May over EU withdrawal plans

The government lost its second vote on Brexit when MPs backed an amendment to its Trade Bill that instructs the government to make the UK's participation in the European medicines regulatory network a neg...More..

Steady UK Inflation, Falling Core Figure Dull Outlook For August Rate Hike
by | Thursday, July 19, 2018

Steady UK Inflation, Falling Core Figure Dull Outlook For August Rate Hike

Despite motor fuel prices rising to their highest since 2014, annual consumer price inflation held in June at 2.4 per cent, the Office for National Statistics said. "Now it looks odds-on that the MPC will hol...More..

Google Announces Its Second Privately Own Undersea Cable
by | Wednesday, July 18, 2018

Google Announces Its Second Privately Own Undersea Cable

Google has announced plans to build an undersea telecommunications cable, dubbed Dunant, between France and the USA - the first privately-owned transatlantic telecommunications cable built and owned by a non-...More..

Things are looking up, Deutsche Bank says
by | Wednesday, July 18, 2018

Things are looking up, Deutsche Bank says

New Chief Executive Officer Christian Sewing is cutting thousands of jobs and paring back businesses in the USA and Asia after recent attempts to restore profitability ended up eroding revenue. Group revenue ...More..

Aviation giants fly into Farnborough under Brexit cloud
by | Wednesday, July 18, 2018

Aviation giants fly into Farnborough under Brexit cloud

Just a reminder: Volga-Dnepr placed an order for 20 Boeing 747-8F freighters at the Farnborough show in 2016 and did not take all the planes due to financial troubles. The biggest of those were a MOU for 80 of ...More..

Singapore Airlines the World's Best Airline in 2018
by | Wednesday, July 18, 2018

Singapore Airlines the World's Best Airline in 2018

Singapore Airlines (SIA) was on Tuesday (Jul 17) named the world's best airline in Skytrax's 2018 World Airline Awards , retaking the position it last held in 2008. For the last two years, Singapore Air has...More..

The EU and Japan Just Signed a Monumental Free-Trade Deal
by | Wednesday, July 18, 2018

The EU and Japan Just Signed a Monumental Free-Trade Deal

The Japan-EU Free Trade Agreement will eliminate almost all tariffs between the bloc and the world's third biggest economy . The European Union and Japan are signing the single market's biggest trade deal ...More..

UK's May halts revolt over Brexit trade bill
by | Wednesday, July 18, 2018

UK's May halts revolt over Brexit trade bill

A furious row erupted over customs last week when the government unveiled plans to keep a "common rulebook" with the European Union on goods imports. The aim was to have a deal on the withdrawal agreement by ...More..

Jeff Bezos' net worth tops $150 bn as Amazon shares surge
by | Wednesday, July 18, 2018

Jeff Bezos' net worth tops $150 bn as Amazon shares surge

Bloomberg reported that as of Monday, with Amazon shares closing at $1,822.49, Bezos' wealth is now estimated at over $150 billion (£113.25bn). Bezos, 54, also owns the private space exploration firm Blue ...More..

Papa John’s further shuns founder, evicting him from offices
by | Wednesday, July 18, 2018

Papa John’s further shuns founder, evicting him from offices

Oregon State Vice President and Director of Athletics Scott Barnes said Schnatter's comments are not reflective of the university's values and the inclusive environment the school strives to offer. In a press...More..

Walmart and Microsoft team up to fight Amazon
by | Wednesday, July 18, 2018

Walmart and Microsoft team up to fight Amazon

Walmart announced a strategic tie-up with Microsoft on cloud technology. Specifically, Walmart will be using Microsoft Azure and Microsoft 365 in a standardization across their brands. "Walmart is a pionee...More..