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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

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distrac...

Elon Musk tweets he has funding to take Tesla private

In a second tweet on Tuesday, Mr Musk said taking the company private would not lead to a single dominant shareholder. " Funding secured ", the tweet added, offering no furth...

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under s...

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . The company is aiming to boos...

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has d...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeat...

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

China proposed a 25 percent tariff on imports of copper ore and concentrate from the USA , which shipped about 70,000 tons to the country a year ago . The commerce ministry issu...

Oil edges lower as supply concerns return

Traders said prices rallied early when industry information provider Genscape reported that crude inventories at the Cushing, Oklahoma, delivery hub for USA crude, dropped 1.1 m...

Spanish pilots union sues Ryanair over contracts

A month earlier in a memo seen by Reuters Ryanair said time-off duties for the pilots committee remained an issue but there was little between the two sides and it was hopeful of...

USA employers add 157,000 jobs, jobless rate slips to 3.9 percent

Manufacturing gained 37,000 jobs, driven by durable-goods and transportation companies. But, as with small businesses, manufacturers are having trouble filling job openings, she ...

Special Reports

RBI monetary policy: Repo rate hiked by 25 bps

RBI monetary policy: Repo rate hiked by 25 bps

Mumbai: Home, auto and personal loans are set to get costlier as the Reserve Bank of India on Wednesday raised the repo rate , the rate at which it provides funds to banks, by ...

Record Iranian oil imports for India in July

Record Iranian oil imports for India in July

Purchases from Iran could slow from August as imports from Tehran are getting tougher after the United States in May pulled out of a 2015 nuclear deal and announced the renewal...

Oil Prices Drop as U.S. Inventory Grows

Oil Prices Drop as U.S. Inventory Grows

U.S. efforts to cut Iran's oil exports are expected to contribute to global oil price volatility in the short term, according to the International Energy Agency. EDT (2030 GMT) ...

That’s trillion with a T-Apple hits market value of $1 trillion

That’s trillion with a T-Apple hits market value of $1 trillion

He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook , which can be crudely summed up as the result of the social networ...

USA considers higher tariffs on $200 billion in Chinese imports

USA considers higher tariffs on $200 billion in Chinese imports

The dynamic has proved hard to change, given USA consumers' reliance on Chinese goods. Two trump administration officials told reporters on a conference call that Trump remains...

China Plans Tariffs on $60 Billion of U.S. Goods

China Plans Tariffs on $60 Billion of U.S. Goods

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on United States goods were rational and restrained. Beijing's earlier penalty ...

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo met with Turkish Foreign Minister Mevlut Cavusoglu in Singapore during a security conference in Southeast Asia. The administration is also seeking the release of several d...

China threatens new tariffs on $60 billion worth of U.S. goods

China threatens new tariffs on $60 billion worth of U.S. goods

The commerce ministry threat came after Wang met with US Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday. "...

Apple is the first $1 trillion company in history

Apple is the first $1 trillion company in history

Started in the garage of co-founder Steve Jobs in 1976, that Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries, reports Reute...