Economy

Donald Trump’s Unhinged Iran Tweet Is Already a Caps Lock-Loaded Meme

Donald Trump’s Unhinged Iran Tweet Is Already a Caps Lock-Loaded Meme

Russian Federation says it is convinced Iran is not building nuclear arms and that Washington is misleading the world. In response Iran threatened to blockade the Strait of Hormuz, which handles a...

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China Announces Steps To Support Growth Amid Rising Trade Tensions

China Announces Steps To Support Growth Amid Rising Trade Tensions

The US leader is already embroiled in a messy trade dispute with China and Europe, while negotiations with Canada and Mexico to revamp the North American Free Trade Agreement have stalled. The Treasur...

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Tesla shares plummet after reportedly asking suppliers for cash rebates

Tesla shares plummet after reportedly asking suppliers for cash rebates

Tesa CEO, Elon Musk , is doing everything he can to achieve profitability by the second half of the year. "Automakers often have brutal pricing demands on suppliers for future work, but retroactive...

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Trump may slap tariffs on all $505 bn of Chinese imports

Trump may slap tariffs on all $505 bn of Chinese imports

President Donald Trump declared on March 2 via Twitter: "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and e...

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Finally, sanitary napkins to be exempt from GST

Finally, sanitary napkins to be exempt from GST

Footwear costing up to Rs 1,000 will now attract 5 percent GST. Since its launch last July, the GST Council has reduced rates on over 320 items and with Saturday's reduction, the number will swell by ...

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Trump Says He’s ‘Not Happy About’ Feds Raising Interest Rates

Mr Trump told CNBC: "They're making money easy and their currency is falling". "I am not happy about it", Trump said. But at the same time I'm letting them do what they feel is best , ' Trump ...

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Donald Trump: I’m Not Thrilled by Federal Reserve Raising Interest Rates

After more than six years of record low interest rates that helped the U.S. economy recover from the 2008 financial crisis, the Fed began to slowly raise rates again in December 2015 and has raised th...

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Tesla hits 200,000 United States sales, tax credit phase-out to commence

Tesla hits 200,000 United States sales, tax credit phase-out to commence

From Jan. 1 next year, the $7,500 tax credit will drop to $3,750 around midyear , the Tesla website said. It alleged the former employees supplied a number of "falsehood" to unnamed news organization...

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Shanghai Will Let Tesla Build 500K Cars a Year

Shanghai Will Let Tesla Build 500K Cars a Year

Tesla , which announced last June that it was in talks to build a plant in China, said it expects construction on the Chinese plant to begin "in the near future". Automakers are pouring billions o...

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Iran to only trade with countries that import its oil

Iran to only trade with countries that import its oil

However, oil prices have shot up and Trump , anxious about the impact on United States voters ahead of November midterm elections, is appealing to the Saudis for help. . "A key driver of the ris...

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China accuses Trump of launching ‘the biggest trade war in economic history’

China accuses Trump of launching ‘the biggest trade war in economic history’

The big question is how far the hostilities between Washington and Beijing will go. That came after President Trump warned that in the end, the US could target over $500 billion worth of Chinese...

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Canada tariffs on United States goods from ketchup to lawn mowers begin

Canada tariffs on United States goods from ketchup to lawn mowers begin

The response from Canada is created to be proportional, with the new taxes being based on the amount of steel and aluminum shipped a year ago from Canada to the United States. "The president is work...

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Canada Hits US With $12.6 Billion In Retaliatory Tariffs

Canada Hits US With $12.6 Billion In Retaliatory Tariffs

Trudeau and U.S. President Donald Trump spoke late Friday to discuss trade and other economic issues, the White House said Saturday. The Trump administration has also sought for months to rene...

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Tesla shares fall as analysts question sustainability of increased Model 3 production

Tesla shares fall as analysts question sustainability of increased Model 3 production

Tesla , he said , delayed delivery of numerous Model 3s that it made in the second-quarter to boost revenue and achieve the third-quarter profit that Musk promised. Tesla made true on its promise of...

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Amazon Wants to Promote Small Package Delivery Fleets

Amazon Wants to Promote Small Package Delivery Fleets

Watch out FedEx , UPS , DHL and the U.S. Postal Service: Amazon is building its own last-mile delivery service. If you're interested, you can apply online. Each potential partner will first be...

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Amazon to buy Somerville online pharmacy startup PillPack

Amazon to buy Somerville online pharmacy startup PillPack

PillPack strives to provide the best possible customer experience for people in the USA who take multiple daily prescriptions. "Together with Amazon, we are eager to continue working with partners acr...

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Erdogan's victory will have far-reaching implications for Turkey and the Middle East

Erdogan's victory will have far-reaching implications for Turkey and the Middle East

Aakara: The leader of Turkey's main Opposition party on Tuesday refused to congratulate President Recep Tayyip Erdogan on his decisive election victory, describing the strongman as a "dictato...

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Erdogan is declared victor of Turkey's presidential election

Erdogan is declared victor of Turkey's presidential election

The pro-Kurdish People's Democratic Party, whose presidential candidate Selahattin Demirtas was forced to campaign from jail, received the more than 10 percent of votes required to win seats in pa...

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Trump’s Message To Harley-Davidson: ‘We Won’t Forget’

Trump’s Message To Harley-Davidson: ‘We Won’t Forget’

It was unclear what taxes Trump was referring to, and why the company might have to pay them, since it will maintain production in the United States for U.S. He added: "The Aura will be gone and they ...

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Turkey's main opposition candidate concedes election but warns of '1-man regime'

Turkey's main opposition candidate concedes election but warns of '1-man regime'

Early Monday morning the Supreme Election Council announced Erdogan received the absolute majority in the presidential election with 53 percent of votes after 97.7 percent of ballots had been coun...

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Trump threatens 20 percent tariff on imported European cars

Trump threatens 20 percent tariff on imported European cars

This led to to fears China would impose retaliatory tactics, making US-made examples of the Mercedes GLE-Class , GLS-Class and C-Class more expensive to export to China. At a hearing this week, S...

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Chinese media denounces Trump trade moves as Beijing touts sincerity

Chinese media denounces Trump trade moves as Beijing touts sincerity

In a statement, Trump said he had asked the US trade representative to identify the Chinese products to be subject to the new tariffs . On Friday, after the Trump administration's first tariff ac...

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Supreme Court says states can require online retailers to collect sales tax

Supreme Court says states can require online retailers to collect sales tax

The cases the court overturned said that if a business was shipping a product to a state where it didn't have a physical presence , such as a warehouse or office, the business didn't have to col...

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Trump launches fierce attacks on Comey after release of watchdog report

Trump launches fierce attacks on Comey after release of watchdog report

Republicans on the House Judiciary and Oversight and Government Reform committees say they have "substantial questions about whether DOJ and Federal Bureau of Investigation properly analyzed and inter...

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Trump targets $50bn in China goods, vows more if needed

Trump targets $50bn in China goods, vows more if needed

The moves brought the world's two largest economies to the verge of an all-out confrontation long feared by markets an industry. Trump kicked off the action in March with the announcement that the U...

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