Stories about Economy

Sep 08 2018

Concerns in US, Asia over fresh round of tariffs

To a certain extent it's going to be up to China . China, which retaliated against initial tariffs in July and last month, has said it will hit back against a new ro...

Sep 08 2018

Alibaba's Jack Ma 'to step down'

He has mostly detached himself from operational matters and the daily management of his sprawling business empire since stepping down as chief executive officer in 2013, ...

Sep 07 2018

British Airways data breach put customers' financial info at risk

The thefts occurred during a data breach that affected bookings made on the airline's website and app between August 21 and September 5. "We are deeply sorry for the di...

Sep 06 2018

Iranian rial hits record low against dollar on mounting economic woes

U.S. WTI futures were trading at $70.06 per barrel as of 1:05 p.m. HK/SIN, up 0.37 percent. USA crude CLc1 was 10 cents higher at $69.90. Front-month volumes in the cru...

Sep 03 2018

JUST IN: Pres ED leaves for FOCAC Summit

Last month, Malaysian prime minister Mahathir Mohamad canceled more than $20 billion worth of planned Chinese infrastructure projects, saying he was concerned about payin...

Sep 02 2018

Coca-Cola buys Costa coffee chain for $5.1 billion

In more recent years , it the company has been focused on building Costa into a multi-channel, global coffee brand. JAB, the Luxembourg-based holding company that owns b...

Sep 02 2018

California's Net Neutrality Law Could Lead to Protections Nationwide

When it was repealed, it opened the door for internet service providers to block content, slow data transmission, and create "fast lanes" for consumers who pay premiums. ...

Sep 01 2018

NAFTA deal by Friday is ‘doable,’ Canadian official says

Trump also threatened Canada that if it can't reach a new trade deal , then he will slap it with devastating tariffs on automotive imports. "It's a must-have", sai...

Aug 29 2018

NAFTA is Out, a New Trade Deal With Mexico is Officially Here

President Trump may have touted his new agreement with Mexico as a negotiating ploy to get Canadians back to the table with a sense of urgency. Higher labor standards:...

Aug 28 2018

Larry Kudlow: Canada must 'compromise' to get new NAFTA deal

Mexicans and USA officials have been eager to revise NAFTA by the end of August to give allow the outgoing Mexican administration of Enrique Peña Nieto to sign the deal...

Aug 27 2018

Trump announces 'incredible' trade deal with Mexico

But compared to the more dire possibilities-that Mr. Trump would pull the US out of Nafta or, lacking congressional approval of that, impose high tariffs on Mexican a...

Aug 26 2018

Verizon throttles Santa Clara fire department's "unlimited" data during a wildfire

Bowden's declaration says - and emails provided as attachments to the court documents appear to confirm - that Verizon representatives acknowledged that throttling was oc...

Aug 26 2018

China shipowners stop hauling Iranian oil as USA sanctions near

US crude and fuel stockpiles dropped more than expected last week, industry group the American Petroleum Institute (API) said on Tuesday. Brent crude oil futures we...

Aug 24 2018

Putin says Trump meeting useful, deplores US sanctions

They held three hearings related to Russian Federation on Tuesday, in the Banking and Foreign Relations committees and a Judiciary counter-terrorism subcommittee. Under...

Aug 24 2018

US, China raise tariffs in new round of trade dispute

China has pledged to strike back at 650 different United States exports including hybrid electric and off road vehicles, dump trucks, asphalt, MRI machines and motorcycle...

Aug 19 2018

Donald Trump asks SEC to look into practicality of corp

There will now be an investigation into the impact of this policy idea by the Securities and Exchange Commission (SEC), the president added. In a tweet, he argued a lon...

Aug 17 2018

Nigeria's inflation drops to 11.14% in July - NBS

This slowdown in United Kingdom house price growth over the past two years is driven mainly by a slowdown in the south and east of England, the ONS said. The latest infla...

Aug 17 2018

Qatar promises $15 billion investment in Turkey

During the meeting, Trump remarked that Turkey has "not proven to be a good friend". Mr Trump said: "They want to hold our wonderful pastor". He said: "I have just au...

Aug 17 2018

U.S. plans more sanctions against Turkey if pastor not released

The Trump administration has already sanctioned two Turkish leaders over the pastor's imprisonment. Turkey is calling for the U.S.to extradite a Pennsylvania-based Mu...

Aug 15 2018

Turkey Counterpunches By Raising Tariffs On U.S. Goods

On Tuesday, the lira recovered some ground, trading at 6.3300 to the dollar at 1947 GMT, up some 9% from the previous day's close and having earlier touched 6.2995. Erd...