Finance

German Interior minister drops resignation threat over migration

German Interior minister drops resignation threat over migration The migrants' issue remains a live one and the CSU may still need to seek a harder line over it to bolster their chances in elections in October. The chairman of the "sister party" to Merkel's Christian Democrats (CDU), Horst Seehofer announced on Sunday he would resign as Germany's interior minister if Berlin did not back stronger border-control measures in the south. [Full Article...]

Mexican peso rallies as exit polls show Lopez Obrador win

Mexican peso rallies as exit polls show Lopez Obrador win Governing party candidate José Antonio Meade, Institutional Revolutionary Party (PRI) 14.8 percent. The survey by Consulta Mitofsky says Lopez Obrador has a 16 to 26 percent lead over his nearest rival, conservative Ricardo Anaya. In the nine months leading up to this weekend's presidential election, at least 132 politicians have been killed , according to the security consulting group Etelle... [Full Article...]

Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'

Following news of the report, the U.S. Chamber of Commerce-a longtime capitalist juggernaut closely allied with Republican leaders and the Trump administration-launched a campaign to oppose the president's tit-for-tat tariff escalation. The EU exported 37.4 billion euros ($43.6 billion) of cars to the United States in 2017, while 6.2 billion euros worth of cars went the other way. Imports had no... [Full Article...]

Walmart's impeach Trump clothing draws social media outrage

Walmart's impeach Trump clothing draws social media outrage The #BoycottWalmart popped up on Twitter as users expressed distaste for the world's largest retailer seemingly promoting the impeachment of President Donald Trump , the 45th President of the United states. Ryan Fournier , chairman of the organization Students For Trump , brought the products to public attention with a tweet Tuesday evening. "However, just because Walmart has the right to sell... [Full Article...]

Donald Trump’s Harley Davidson tweets reveal a risky mindset

Donald Trump’s Harley Davidson tweets reveal a risky mindset Asked about the tweet, White House senior adviser Kellyanne Conway had no comment. President Donald Trump says his administration is courting motorcycle companies that want to move to the USA after Harley-Davidson disclosed last week it would move some assembly overseas. [Full Article...]

Lyft follows Uber into bike-sharing business with deal to buy Motivate

Lyft follows Uber into bike-sharing business with deal to buy Motivate While Motivate is the clear leader in United States bike-share services, recent momentum has favored startups that offer dockless bikes. Lyft said New York-based Motivate's bike-maintenance and servicing operations will remain a stand-alone business, retaining the brand name, and will continue to support bike-share systems across North America. [Full Article...]

How will Mexico's new president shake up NAFTA negotiations?

Lopez Obrador also spoke of support for migrants and said the most forgotten and humble people of Mexico will be given preference in his government. The President-elect said he would forge a new relationship with the United States "rooted in mutual respect and in defence of our migrant countrymen who work and live honestly in that country". [Full Article...]

Facebook had data-sharing partnership with 52 tech firms

Facebook had data-sharing partnership with 52 tech firms Out of these, 38 have been discontinued while an additional seven partnerships will be ended by the end of July 2018. Facebook has revealed to the US Congress that it shared data with 52 hardware and software companies from around the world. [Full Article...]

European Union warns United States of boomerang effect if Trump imposes auto levies

European Union warns United States of boomerang effect if Trump imposes auto levies The Chamber, the nation's largest business lobbying group and a traditional ally of Trump's Republican Party, said the White House is risking a global trade war with its push to protect USA industry and workers with tariffs. TRADE TENSIONS: The European Union on Monday slammed the Trump administration for considering higher tariffs on auto imports, saying they could lead to global retaliation ... [Full Article...]

Amazon Prime Wardrobe Is Now Available To All Customers | HuffPost

Amazon Prime Wardrobe Is Now Available To All Customers | HuffPost Prime Wardrobe was previously offered to Amazon Prime customers in the US on an invite-only basis. However, one drawback for online retailers is that customers aren't able to try clothes on before they buy, leaving them in wondering how the clothes fit until the package arrives. [Full Article...]

Mexico's victor reaches out to Trump, seeks NAFTA deal

Mexico's victor reaches out to Trump, seeks NAFTA deal Early Monday, with about 50 percent of the votes counted, Lopez Obrador's advantage was close to the quick count's statistical sample. Lopez Obrador arrived at a hotel in downtown Mexico City for the first of two victory speeches Sunday night in a bland white sedan befitting the "man of the people" image he has projected for over a decade. [Full Article...]

Andres Manuel Lopez Obrador wins Mexican presidential election in landslide

Andres Manuel Lopez Obrador wins Mexican presidential election in landslide All the candidates are lambasting President Donald Trump's policies against migrants and Mexico, but voters were wondering who could best deal with Trump. In all, eight governorships plus the capital are up for grabs in Sunday's vote. "We demand the state guarantee the security of this electoral process", the PRI said in a statement. [Full Article...]

EU Warns US Against Car Tariffs

EU Warns US Against Car Tariffs With some of America's closest trading partners imposing retaliatory measures, Trump's approach to tariffs has unsettled financial markets and strained relations between the White House and the Chamber. Stocks on Wall Street were volatile as investors anxious about the mounting trade war between the USA and its trading partners. Affected exports to the European Union, $133 million, include beaut... [Full Article...]

Amazon Targeting Small Delivery Businesses to Facilitate Last-Mile Deliveries

Amazon Targeting Small Delivery Businesses to Facilitate Last-Mile Deliveries It's also trying to figure out how to move merchandise directly from merchants to consumers to avoid overwhelming its own warehouses with inventory, according to documents reviewed by Bloomberg.While Amazon has long relied on the US Postal Service , United Parcel Service and FedEx , it has also sought more control over the logistics of package delivery, using its own technology and data-crunch... [Full Article...]

Iran to allow private sector to export oil, beat U.S. sanctions

Iran to allow private sector to export oil, beat U.S. sanctions Michael Singh, a fellow at the Washington Institute for Near East Policy, told The National that the Trump administration "appears to be replicating key elements of the North Korea strategy with respect to Iran ". U.S. President Donald Trump tweeted on Saturday that Saudi Arabian King Salman bin Abdulaziz Al Saud had agreed to pump more oil, "maybe up to 2,000,000 barrels". [Full Article...]

Donald Trump mocked over FART Act on trade

Axios reported on Friday that Trump wanted to leave the WTO, a story dismissed by U.S. Treasury Secretary Steve Mnuchin as "wrong" and "an exaggeration". A CNN source said the draft is just the "beginning of a conversation" on trade. Trump has struck USA allies with tough tariffs and is planning to impose tough trade penalties on China later this week. [Full Article...]

Lebron James to the Lakers, LeBron Jr

Lebron James to the Lakers, LeBron Jr According to ESPN NBA insider Adrian Wojnarowski , the 28-year-old forward has agreed to a four-year $137 million deal to re-sign with the Thunder. LeBron James will wear Los Angeles Lakers yellow for a $154 million price tag over the next four years. [Full Article...]

Dell makes move to go public again after months-long review

Dell makes move to go public again after months-long review Dell went private in 2013 , in a $25bn transaction with Silver Lake private equity business, with the intent of reshaping the business for the long term in ways that would not have been compatible with the quarterly reporting burden needs of public ownership, and consequent dependency on stock values driven by the reports. [Full Article...]

HTC will lay off 1,500 in its Taiwan operations

With HTC just as well-known for its Vive VR headset as its phones these days, the company chose to merge the two divisions into one at around the same time as the layoffs. "This plan will allow more effective and flexible resource management going forward", HTC said. However, troubles and declining sales aren't the only reason HTC is making this move. [Full Article...]

Trump reportedly wants the U.S. to withdraw from World Trade Organization

Trump reportedly wants the U.S. to withdraw from World Trade Organization The source went on to quote the president, saying "We always get fucked by [WTO]". Asked about reports that he is considering withdrawing from the WTO , Mr Trump said, he is not talking about pulling out. "The WTO is designed by the rest of the world to screw the United States". USA tariffs on $34 billion of Chinese goods are set to take effect on 6 July and a further $16 billion could follow... [Full Article...]


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