Business

Business Elon Musk Calls Diver Involved in Thai Rescue Efforts a ‘Pedo Guy’
Author: 0 Elon Musk Calls Diver Involved in Thai Rescue Efforts a ‘Pedo Guy’

Then, three days after the rescue operation was completed, CNN posted an interview with a British spelunker who had helped locate the boys. It was a consensus that although it was a fine submarine, it wasn't suitable for the job at hand, and by the time it arrived on the scene, it wasn't even necessary.

Business Trump Talks with Mexico’s President-Elect on Border, NAFTA
Author: 0 Trump Talks with Mexico’s President-Elect on Border, NAFTA

Lopez Obrador has taken hits at Trump , and analysts have warned his win could ratchet up tensions between the U.S. and Mexico. Andrew Selee, president of the Migration Policy Institute in Washington, saw a change from past Mexican leaders who were "obsessed" about being on good terms with the United States.

Author: 0 2018 budget in danger as Saudi Arabia pump 2m more barrels

Saudi Arabia, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. Trump's move comes as the world suddenly finds itself dangerously short of meeting rising global demand that's set to hit 100 million barrels per day by the fourth quarter, compared to 98.7 million during the same period past year.

Business Germany migrants: Interior minister Seehofer will not resign
Author: 0 Germany migrants: Interior minister Seehofer will not resign

The Austrian Chancellor, Sebastian Kurz, has said that Germany's new migration agreement, which ended a political crisis in Angela Merkel's government, could force Austria to introduce tougher border checks on Italy and Slovenia. The leadership of Merkel's party approved a resolution Sunday stating that "turning people back unilaterally would be the wrong signal to our European partners".

Business Iran announces plan to circumvent U.S. oil sanctions
Author: 0 Iran announces plan to circumvent U.S. oil sanctions

Oil prices have been rising despite OPEC and Russian Federation agreeing to increase production by 1 million barrels per day from the start of this month. Russian output rose to 11.06 million bpd in June from 10.97 million bpd in May, the Energy Ministry said on Monday. Trade tensions are likely to overshadow that trip.

Business Amazon to buy PillPack in drug retailing push
Author: 0 Amazon to buy PillPack in drug retailing push

Drug retailers CVS Health and Walgreens Boots Alliance plunged 7 percent each in premarket trading. The move represents a formidable threat to pharmacy chains including Walgreens Boots Alliance Inc., which earlier Wednesday reported tepid USA same-store sales, and rival CVS Health Corp.

Business Trump blasts Harley plan to shift US production to avoid EU tariffs
Author: 0 Trump blasts Harley plan to shift US production to avoid EU tariffs

Moving production to overseas factories is expected to require nine to 18 months, so in the near-term Harley-Davidson will absorb the costs of European Union tariffs , the company said in a regulatory notice. " Taxes just a Harley excuse - be patient", he said . "One of the reasons we did tax reform was to make it easier for businesses to keep manufacturing in America and export overseas", Ryan said.

Business Harley-Davidson will outsource some production due to retaliatory tariffs
Author: 0 Harley-Davidson will outsource some production due to retaliatory tariffs

The logo of US motorcycle company Harley-Davidson is pictured at the "Hamburg Harley Days" in Hamburg, Germany, June 24, 2018. Production of Harley-Davidson motorcycles sold in Europe will move from US factories to facilities overseas, the Milwaukee-based company announced Monday, a effect of the retaliatory tariffs the European Union is imposing on American exports in an escalating trade war with the Trump administration .

Business Erdogan proclaimed victor of Turkey's presidential election
Author: 0 Erdogan proclaimed victor of Turkey's presidential election

Turks were voting Sunday in dual parliamentary and presidential polls seen as President Recep Tayyip Erdogan's toughest election test, with the opposition revitalized and his popularity at risk from growing economic troubles. The vote also ushers in a powerful new executive presidency long sought by Erdogan and backed by a small majority of Turks in a 2017 referendum. The victor of Sunday's presidential contest will acquire sweeping new executive powers under a constitutional overhaul ...

Business What the Supreme Court sales tax ruling means for New Yorkers
Author: 0 What the Supreme Court sales tax ruling means for New Yorkers

On June 21, the US Supreme Court overturned a 26-year ban on levying online sales tax, satisfying South Dakota's complaint of an outdated ruling that had made much of the internet a tax-free zone. Previous rulings limited a state's ability to collect that revenue if the business didn't have a physical presence in the state. The Supreme Court called this a simple and fair solution to create fair tax rules for states.

Business What you should know about the Opec meeting
Author: 0 What you should know about the Opec meeting

The 24 nations in the pact, known as OPEC+, initially agreed to trim production by 1.8 million barrels a day but they have actually been keeping more than two million bpd off the market. The US West Texas Intermediate (WTI) crude priced US$66.49 per barrel, up 1.5 per cent from the last close, said the source. While OPEC's largest producer, Saudi Arabia, is seen to be open to higher production, Iran has been hesitant because of its trouble to increase output and tensions with the U.S.

Business Oil falls as Opec nears deal to raise production
Author: 0 Oil falls as Opec nears deal to raise production

That would effectively mean a modest boost from producers such as Saudi Arabia that have been cutting more deeply than planned despite production outages in Venezuela and Libya. The paper agreement would see production increase by 1 million barrels a day to bring the group back to target. India is Iran's biggest oil client after China.

Business Google to invest $550 million in China e-commerce giant JD.com
Author: 0 Google to invest $550 million in China e-commerce giant JD.com

JD.com's US -listed shares rose 0.4 percent to close at $43.76 on Nasdaq. Google's search engine has been blocked in China since 2010 over its refusal to censor search results to comply with local laws. Google is also thought to benefit from JD.com's initiatives into voice-powered shopping. JD's partnership with Google, adds to the company's portfolio of partnerships, such as its longstanding deal with Chinese tech giant Tencent, along with a host of retail giants including Walmart ...

Business Concerns raised over 3 deaths in 2 separate Kansas City police shootings
Author: 0 Concerns raised over 3 deaths in 2 separate Kansas City police shootings

KSHB-TV reports the two deputies were transporting prisoners around 11:30 a.m. when they were "overcome" and were shot. Bailiff said the investigation was now being handled by the police department in Kansas City. A suspect was reportedly shot during the incident and taken to an area hospital. Rohrer had been on the force for seven years, the Wyandotte County Sheriff's office said.

Business Oil prices fall as U.S. crude production hits another record
Author: 0 Oil prices fall as U.S. crude production hits another record

The International Energy Agency warned that economic turmoil in Venezuela and renewed sanctions on Iran will likely remove 1.5 million barrels per day from the market by the end of 2019. Those against an increase this time are concerned it would threaten the unity of the 24-nation alliance involved in the deal and say forecasts from OPEC and others calling for higher demand in the second half of 2018 are too optimistic.

Business US Fed raises interest rates, expects 2 more hikes this year
Author: 0 US Fed raises interest rates, expects 2 more hikes this year

The Federal Reserve raised U.S. interest rates again on Wednesday, the seventh increase since 2015 when the central bank resumed raising rates after the last recession. The latest rate increase was in line with investors' expectations ahead of the release of the policy statement . The latest government data indicate inflation ticking up recently very close to the Fed's 2 percent target, which policymakers acknowledged in their statement Wednesday.

Business Comcast launches $65bn bid to steal Murdoch's Fox away from Disney
Author: 0 Comcast launches $65bn bid to steal Murdoch's Fox away from Disney

Other companies considering acquisitions have been eyeing the case as a bellwether on whether their mergers would go unchallenged. Roberts said he had been "disappointed" that Fox had entered into negotiations with Disney but was "highly confident" that his new offer would be approved by regulators.

Business Tesla to slash thousands of jobs in profitability drive
Author: 0 Tesla to slash thousands of jobs in profitability drive

The email from Musk said. Musk said that the layoffs do not affect production staff and stressed that this wouldn't hurt the company's efforts to hit big targets for production of the Model 3 sedan. Tesla shares, which are up almost 10 percent on the year, rose on news of the job cuts. He noted that Tesla has never made an annual profit - a point that's often made by critics.

Business Judge approves AT&T-Time Warner merger opposed by Trump
Author: 0 Judge approves AT&T-Time Warner merger opposed by Trump

Judge Napolitano said the decision may be good for shareholders and consumers. If the deal is approved, it will trigger a bidding war between Comcast and Disney for Fox assets, Napolitano said. In a recent court filing, Redstone said her long-term plan was to create a combined company, which would unite media assets including CBS' broadcast networks, Showtime, MTV, Comedy Central and Nickelodeon, and then sell it.

Author: 0 Kim Jong Un lands in Singapore, on cusp of making history

South Korean news agency The Chosunilbo reported that when Kim arrived in Singapore this week on an Air China Boeing 747, he also was accompanied by an IL-76 transport plane carrying food, "his bullet-proof limousine and a portable toilet ".

Business Verizon appoints new CEO as it prepares for a 5G future
Author: 0 Verizon appoints new CEO as it prepares for a 5G future

Current Verizon CEO Lowell McAdam said in an interview it was the ideal time to hand the reins to Vestberg, with Verizon at an "inflection point" holding all the pieces it needs for 5G, such as fibre and spectrum. Current CEO McAdam has been serving Verizon as Chairman since January 2012 after joining the company five months earlier. He also led the acquisitions of major media, fiber and telematics assets, including AOL Inc., Yahoo! And the telecom company has also fiercely pushed its FiOS ...

Business Ghana Football Association dissolved amid corruption allegations
Author: 0 Ghana Football Association dissolved amid corruption allegations

Mr Nyantakyi has not replied to multiple requests for comment while the GFA has said it would cooperate with any investigation. Ghana has made a decision to dissolve its national football association a day after officials, including the body's president, were shown in a documentary taking kickbacks.

Business Google says it's AI software can't appear in weapons,
Author: 0 Google says it's AI software can't appear in weapons, "unreasonable" surveillance

This commitment follows protests from staff over the United States military's research into using Google's vision recognition systems to help guide drones . Several employees said that they did not think the principles went far enough to hold Google accountable-for instance, Google's AI guidelines include a nod to following "principles of worldwide law" but do not explicitly commit to following global human rights law.