United Kingdom leader deploys ministers to sell Brexit deal to public

The warnings from institutions like the Bank of England, the CBI, and the Government's own technical papers have been calamitous about the impact of leaving without a deal on March 29 - though some Brexiteers say much of this is an exaggeration. More..

by | Published more than a month ago
US and China Reach 90-Day Cease-Fire in Trade Dispute
by | Friday, December 14, 2018

US and China Reach 90-Day Cease-Fire in Trade Dispute

The arrest had turned out to be another hurdle to the resolution of a Sino-US trade war . The U.S.is now imposing a 10 percent duty on imported aluminum and a 25 percent duty on imported steel. "I've heard rum...More..

Brent Oil Recovers Following OPEC Oil Output Cut Announcement
by | Thursday, December 13, 2018

Brent Oil Recovers Following OPEC Oil Output Cut Announcement

According to the OPEC's latest report, 15 countries represented in the organization produced approximately 33 million barrels of black gold (about a third of crude oil production worldwide) in October. Azerbai...More..

Opec agrees 1.2m bpd oil output cut
by | Thursday, December 13, 2018

Opec agrees 1.2m bpd oil output cut

Iran , Saudi Arabia's geopolitical rival and OPEC's third-largest producer, has suggested it is in favour of deeper cuts - while asking to be exempted from them because of the effects of United States sanctio...More..

Triangle may get less snow but more ice than predicted; roads hazardous
by | Tuesday, December 11, 2018

Triangle may get less snow but more ice than predicted; roads hazardous

The main impacts of this storm still look to be through Sunday morning and into Sunday afternoon. Passengers were stranded Sunday at the Raleigh-Durham Airport after flights were cancelled in and out of a...More..

U.S. job creation slows to 155,000 in November; unemployment 3.7%
by | Sunday, December 09, 2018

U.S. job creation slows to 155,000 in November; unemployment 3.7%

The strongest job growth came in health care, transportation and warehousing, and manufacturing, which added another 27,000 jobs for 288,000 total growth over the past year. Investors, however, are mostly focus...More..

China demands release of Huawei CFO Meng Wanzhou
by | Friday, December 07, 2018

China demands release of Huawei CFO Meng Wanzhou

In a statement released Thursday, the Chinese Embassy in Canada protested the move as an act that " seriously harmed the human rights of the victim ", referring to Meng. Sasse said in a statement that Ch...More..

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’
by | Thursday, December 06, 2018

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’

It comes as Huawei is said to be facing a probe by the U.S. Justice Department for violating sanctions against Iran. Outside of the arrest itself, very little information about the case is being released at...More..

Contrasting Chinese, US statements on trade war agreement
by | Wednesday, December 05, 2018

Contrasting Chinese, US statements on trade war agreement

Instead, the two sides are to negotiate over USA complaints about China's trade practices, notably that it has used predatory tactics to try to achieve supremacy in technology. Most particularly, one of the r...More..

Trump will terminate NAFTA to press Dems into approving new trade deal
by | Wednesday, December 05, 2018

Trump will terminate NAFTA to press Dems into approving new trade deal

Trump is obviously applying pressure to the soon-to-be Democrat-dominated Congress to cave in and give him his trade deal victory, but cancelling NAFTA could actually backfire. USMCA will govern more than $1tn ...More..

Trump, Xi agree to temporary truce on trade
by | Monday, December 03, 2018

Trump, Xi agree to temporary truce on trade

The White House also confirmed that the U.S. won't raise tariffs on Chinese goods in January and will leave the recently implemented hike at 10 per cent on $US200 billion ($A273 billion) worth of Chinese produc...More..

German police raid Deutsche Bank in Panama Papers probe
by | Friday, November 30, 2018

German police raid Deutsche Bank in Panama Papers probe

British banking authorities said at least 29 Deutsche Bank employees were involved in the scam, while United States regulators ordered the bank to fire seven employees, including directors and vice-presiden...More..

Trump rejects projections in climate change report
by | Wednesday, November 28, 2018

Trump rejects projections in climate change report

The National Climate Assessment , quietly unveiled on Friday, warned that natural disasters are worsening in the USA because of global warming. Last night he dismissed the report, saying: " I don't believe...More..

Britain will head into unknown if Brexit deal is rejected - May
by | Wednesday, November 28, 2018

Britain will head into unknown if Brexit deal is rejected - May

She was loudly barracked by MPs as she insisted that no better deal was available than the Withdrawal Agreement and Political Declaration on future relations endorsed by European Union leaders in Brussels on Su...More..

Trump tariff talk pushes dollar to near two-week highs
by | Wednesday, November 28, 2018

Trump tariff talk pushes dollar to near two-week highs

Maybe. Depends on what the rate is", Trump said in an interview with The Wall Street Journal published Monday. Mr Trump said it was " highly unlikely " that he would agree to Beijing's request to hold off o...More..

Trump threatens to end subsidies to GM for electric cars over layoffs
by | Wednesday, November 28, 2018

Trump threatens to end subsidies to GM for electric cars over layoffs

General Motors made a big China bet years ago when they built plants there (and in Mexico) - don't think that bet is going to pay off. And, referring to the 2008 federal bailout of the auto industry, Trump an...More..

Dolce & Gabbana say sorry, in Chinese, after race row
by | Sunday, November 25, 2018

Dolce & Gabbana say sorry, in Chinese, after race row

Various Chinese e-commerce platforms, which are major distribution channels for D&G, reacted by removing the brand's products and recommendation and reviews about them. Dolce & Gabbana's ads have been the ...More..

Brexit: Portugal backs Spain on Gibraltar clause
by | Sunday, November 25, 2018

Brexit: Portugal backs Spain on Gibraltar clause

May hopes to leave Brussels on Sunday with the terms of British withdrawal on March 29 and a comprehensive concept for future Britain-EU relations settled with the bloc. In a tweet, he quoted Queen's song Fri...More..

Black Friday deals not such a bargain after all
by | Wednesday, November 21, 2018

Black Friday deals not such a bargain after all

It reopens at 5 a.m. on Friday to welcome the influx of Black Friday shoppers. Stores open on Thanksgiving and other holidays has been a trend in recent years , especially for country-wide chains - and store...More..

Goldman Cuts Apple Target, Predicts Stock Will Stay Flat for a Year
by | Wednesday, November 21, 2018

Goldman Cuts Apple Target, Predicts Stock Will Stay Flat for a Year

As the holidays approach, Apple's suppliers are not happy. According to sources, the problem arose because of the difficulties with forecasting demand for new models. Experts and analysts also believe that ...More..