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Amazon launches start-up service to deliver its own packages

Amazon is looking for entrepreneurs to help build out its delivery service with tens of thousands of new drivers across the U.S. "We expected Amazon would look to take further control of their last-mile delivery, a move that is likely welcomed by Fe...

European Union imposes retaliatory tariffs on U.S. goods: bourbon, motorcycles, orange juice

The European Autos Stocks Index fell on Friday after Trump's tariff threat. In 2017, 17.2m vehicles were sold in the U.S., compared with 15.6m in the EU and European Free Trade Association countries. Mr Trump launched the investigation last month, or...

Tiny Instagram Lite app surfaces on Google Play with absolutely no fanfare

Needless to say, that's pretty impressive. Facebook Lite and Messenger Lite were downloaded 25 million and 19 million times worldwide in May alone, according to data from app analytics specialist Sensor Tower. Instagram Lite takes after the red...

The Indian rupee just tumbled to an all-time low

Since Monday, the rupee has depreciated 1.2 per cent as consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure. The short-term solution is this intervention by the...

Ryan blasts United States trade policy over Harley shift

President Trump lashed out at Harley-Davidson on Tuesday over the company's decision to move some production outside the United States, calling it "the beginning of the end" for the iconic motorcycle maker and threatening to respond with punishing ta...

Gasoline Price Set To Soar Despite OPEC Deal

Additionally, representatives from several member countries cited an aggregate Opec/non-Opec increase of 1 mb/d (million barrels per day), which would likely mean a 300 kb/d increase from Russian Federation, though final details for non-Opec producti...

Cut oil imports from Iran to zero, or else, warns State Department

The demonstrations appeared to lessen slightly on Tuesday after protesters forced Tehran's Grand Bazaar to shut down temporarily the day before. On Monday, police patrolled the bazaar following clashes with protesters angered by the rial's collap...

Trump threatens Harley-Davidson with ‘big tax’ as firm plans move

So on Monday, despite the US President batting for it, the company announced it is shifting some of its production facilities overseas to avoid stiff retaliatory tariffs imposed by the European Union in response to the White House's trade m...

Chinese Officials: Military Relations With US Are Important

President Donald Trump has raised concerns about China's plan to strengthen high-tech industries like robotics, aerospace and computer chips, also known as Beijing's "Made in China 2025" policy. This unites the European Union and China and the mo...

Italy PM says European Union draft text on immigration will be withdrawn

Macron blamed political posturing more than the actual migration situation for the current uproar in Europe, saying that "we are living through a political crisis more than a migratory crisis today". Majority are between coastal states of arrival lik...

Harley, stung by tariffs, shifts some production overseas

The president has held up the iconic American motorcycle maker as an example of a USA business harmed by trade barriers in other countries, but Harley-Davidson had warned that tariffs could negatively impact its sales. The action comes in response...

Harley-Davidson to Outsource More US Manufacturing Jobs, Trump Calls Move 'Excuse'

Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and neg...

China, EU to form group to modernise global trade rules

Amazon shares fell more than 3.5%, while shares of Google and Facebook fell 3.67% and 3.77%, respectively. The Canadian dollar was down against its USA counterpart, trading at 0.7518 cents US. A survey released last week by the European Union C...

Erdogan Wins Another Term as Turkey's President

He also slammed his opponents for reportedly lacking vision. Congratulations have come in from around the world, though some Western leaders have been slow to react. How did the opposition react? "The new regime that takes effect from today is a...

Harley-Davidson Announces Overseas Move, Cites Tariffs

Last week, the European Union imposed penalties on $3.2 billion worth of U.S. products, many of which are produced in areas that form the heart of U.S. While the company said that it expects it will take "9 to 18 months" to increase production at...

Turkey Elections: Erdogan Wins Second Term

Addressing supporters from the Justice and Development Party or AKP headquarters in the nation's capital hours after his victory, Erdogan claimed Turkey's 81 million residents were the winners of the hotly contested election, state run media Anadolu...

Greece hails 'historic' deal to end debt crisis

Under pressure from its creditors, Greece has already agreed to slash pensions again in 2019, and reduce the tax-free income threshold for millions of people in 2020. Eurozone finance ministers have agreed to get Greece out of its bailout program in ...

Iran says OPEC, allies to increase oil output by 500,000 bpd

Moscow had long argued for a hike, feeling the pressure from domestic oil companies eager to produce more so they can cash in on the higher prices. But Nigerian Oil Minister Emmanuel Ibe Kachikwu said the deal is actually to boost output by 700,0...

Canada votes to legalise cannabis for recreational use

Prime Minister Justin Trudeau announced Wednesday , June 20 that the recreational sale and use of marijuana would become legal across Canada starting October 17 of this year. "There's no point looking at pardons while the old law is in the books",...

Car Tariffs? Europe Is Ready to Retaliate

Although auto tariffs would be aimed broadly at imports, with cars from major manufacturing hubs such as Mexico, Canada and Japan all likely to be affected, Trump has singled out German cars as the object of his ire. Some clothing and paper product...

Tesla Closing Down Solar Capacity

The value of scrap materials generated during manufacturing and false claims regarding new manufacturing equipment being brought online, were also reports made by the insider. But Tripp , 40, said he did so because he was alarmed by what he le...

Online Sales Tax Ruling Could Boost Kentucky Revenue

State Representative Tim Brown (R-Crawfordsville) said only about one percent of people in IN actually paid an online sales tax past year. However, before Thursday's Supreme Court decision state leaders were bracing for companies to challenge t...

Iraq confident of OPEC deal to raise oil output

Brent oil prices rose 1% to 74.03 in London trading on Friday. OPEC member Ecuador's oil minister Carlos Perez said he expects an increase of about 600,000 bpd. A production increase on Friday would undo a cut agreed on in late 2016 that has sin...

European Union retaliates against Trump’s metal tariffs

In trade wars, there tend to many casualties and few winners. China implemented a 25 percent duty on most US pork items on April 2, and a 15 percent tariff on a range of fruits and nuts, in response to USA tariffs on Chinese steel and aluminum pr...

Oil prices rise ahead of OPEC’s June 22 meeting

The recent surge in crude oil prices have increased India's oil import bill and burdened the trade deficit. "It will be a hard meeting today". Russia , which isn't a member of OPEC but has gained influence in the oil group, wants an increase o...

Supreme Court's Wayfair tax decision sidelines Quill

While the court made clear that the states do not have unlimited power to require sales tax collection, "The court blessed South Dakota's law", said Carl Davis, research director for the Institute of Taxation and Economic policy. The biggest ...

Trump threatens new tariffs on Chinese imports

These tariffs are not set to come into effect until July 1, as consultation on the final list ended late last week. "One benefit of employing a CGE model is that it can model the effects of tariffs upon supply chains and this is crucial in rega...

U.S. Oil Prices Slip a Bit Before OPEC Meeting

Tensions between Iran and Saudi Arabia broke out days before OPEC's meeting on Friday in Vienna , with Tehran indicating it would probably not abide to the cartel's plans to cut production. But problems in Venezuela, Mexico and other nations mea...

EU to impose duties on US imports after Trump tariffs

This report comes after the European Commission announced it approved initial retaliatory tariffs on USA exports worth €2.8 billion ($3.2 billion). The EU retaliatory tariffs will initially target a list of U.S. Blue jeans may be among the products...

Microsoft slammed for ICE contract, amid child separations

Video: Satya Nadella: The whole world is now a computer. There have been numerous reports of United States immigration separating immigrants entering the U.S. "I consider myself a product of two fantastic and uniquely American things - American ...

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Breaking News

China's September trade surplus with U.S. widens to record $34.13 billion

However, an oil trader told Reuters that refinery run rates have been on the rise last month, suggesting demand for fuels was improving. China's exports to the USA rose to $46...

Turkish prosecutor seeks 10-year jail term for United States pastor

He was swept up in the wave of arrests that followed the botched military coup in 2016, during which tens of thousands of people - including artists, intellectuals and ordinary Tur...

President Trump blames 'loco' Federal Reserve for October's big stock drop

The Fed, as you know, is gradually raising short-term rates to unwind the zero-percent rates it imposed in 2008-2009 to combat the financial crisis. Trump said he had no intent...

International Monetary Fund downgrades outlook for U.S., China as result of trade war

The fund also slightly lowered its forecast for Japan's economy to 1.1 percent growth in 2018, down 0.1 of a percentage point from an April estimate, but maintained a prediction ...

European Union officials warned to prepare for no-deal Brexit

As manufacturers of cars and other goods warn the Theresa May government of job losses and other impact of Brexit, a report promoted by former prime minister Tony Blair on Thur...

Tech stocks lead Wall Street slump as investors shun risk

Wall Street stocks plunged Wednesday, with major indices losing more than three percent in a selloff prompted by the sudden jump in United States interest rates. The FAANGs, spre...

US market 'correction' isn't surprising - US Treasury secretary

President Donald Trump said he believes "the Fed has gone crazy " amid recent interest rate hikes. The turmoil came a day after the International Monetary Fund slashed its glo...

International Monetary Fund raises Japan growth forecast, cuts global estimate due to trade tension

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected. Tobias Adrian, director o...

Yale And NYU Professors Share Nobel In Economics

Responding to press question about this year's prize and climate change , Romer said , "Optimism helps to motivate people". "Darn right they were sending a message", Warsh said...

'The Fed has gone crazy': Trump points finger for Wall Street tumble

It's so tight. I think the Fed has gone insane ", Trump told reporters as he arrived for a campaign rally ahead of the U.S. mid-term elections. A stock market correction is de...

Special Reports

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

The Post has obtained video recordings and other evidence showing how a group of 15 Saudi operatives entered the country on October 2, the day Mr. He moved to the U.S. mor...

Saudi Arabia to let Turkey search its Istanbul consulate

Saudi Arabia to let Turkey search its Istanbul consulate

Iran's Oil Minister this week brushed off "nonsense" claims by Saudi Crown Prince Mohammed bin Salman that Saudi Arabia can replace Iranian oil. No security footage has bee...

China stocks rebound as Beijing boosts policy support

China stocks rebound as Beijing boosts policy support

Conglomerate Metro Pacific Investments Corp., however, advanced 4 percent to P4.95, while Globe Telecom Inc., the second-largest telecommunications company, gained 2.6 percent to P...

International Monetary Fund slashes global growth forecasts

In a tweet, Mr Trump warned Beijing against seeking to influence the forthcoming U.S. midterm elections. Pakistan's foreign currency reserves dropped in late September to $8.4...

India hopes for US sanctions waiver after cutting Iran oil imports

India hopes for US sanctions waiver after cutting Iran oil imports

Two companies in India, which in the past have been big buyers or Iranian oil, have ordered barrels in November, according to India's oil minister. The grouping's June decision to ...

US Actively Considering Waivers on Iran Oil Sanctions

US Actively Considering Waivers on Iran Oil Sanctions

Speculators and hedge funds too were active in the market, making most of the volatility. Global benchmark Brent crude futures for December delivery fell 42 cents to settle at $8...

Indian Rupee Exchange Rate | Reserve Bank of India | American Dollar

Indian Rupee Exchange Rate | Reserve Bank of India | American Dollar

Economic Affairs Secretary Subhash Chandra Garg said the GDP growth is expected to be higher than the RBI's projection of 7.4 per cent for the current fiscal. Fed Chairman Jerom...

Oil rises ahead of US Iran sanctions

Oil rises ahead of US Iran sanctions

US West Texas Intermediate (WTI) crude futures were up just 1c at $75.24 a barrel. Brent crude oil futures were at $84.86 a barrel at 3.40am GMT, up 6c from their last clos...

U.S. unemployment rate falls to lowest level since 1969

U.S. unemployment rate falls to lowest level since 1969

But he said the very low unemployment rate also reflected an increase in the number not looking for work, who were not classified as unemployed. The last time the United States ...