Money

Money Amazon Wants to Help You Start Your Own Delivery Service
Author: 0 Amazon Wants to Help You Start Your Own Delivery Service

However, CNBC reported that Amazon's new program may be welcomed by the traditional delivery giants given the low-margin nature of last mile deliveries. People familiar with the matter told The Wall Street Journal that established delivery companies simply can't keep up with Amazon's projected growth.

Money United States defence secretary to visit China amid growing tensions
Author: 0 United States defence secretary to visit China amid growing tensions

In addition, in response to US imposed tariffs on steel (30%) and aluminum (10%), the European Union (EU) is threatening tariffs on USA exports including blue jeans, motorbikes and whiskey. Separately, he said EU's countermeasures against US tariffs are in line with WTO rules. Late last month, Trump infuriated USA allies - from the European Union to Canada and Mexico - by imposing tariffs of 25 percent on imported steel and 10 percent on aluminum.

Money Rupee at a record low, breaches 69 mark
Author: 0 Rupee at a record low, breaches 69 mark

That has contributed to a widening of India's current account deficit - when the value of imports exceeds the value of exports. India is the third largest consumer of oil and the rise in prices has clearly taken a toll on the market.

Money Ticketmaster notifies NZ customers of security breach
Author: 0 Ticketmaster notifies NZ customers of security breach

Ticketmaster, which sells entertainment, AFL , NRL and cricket tickets, this week admitted British customers may have had their credit card data stolen in a security breach that could have affected up to 40,000 people. In a statement , Ticketmaster said less than 5 per cent of its global customer base had been affected, including Australians, but not customers in North America.

Money How Europe could fight back if Trump taxes auto imports
Author: 0 How Europe could fight back if Trump taxes auto imports

However, Canada has announced it will impose retaliatory tariffs on C$16.6bn worth of USA exports from 1 July. "This is not the way we do business, and certainly not between longstanding partners, friends and allies". Kentucky produces about 95 percent of the world's bourbon. European automakers including Volkswagen and BMW have major factories in America, for example, and their exports to Europe would be harmed by new EU tariffs.

Money Instagram starts testing a Lite version of its app in Mexico
Author: 0 Instagram starts testing a Lite version of its app in Mexico

Instagram is now joining the fold with its own Lite app. Instagram Lite launched on the Google Play Store without announcement Wednesday, offering users a cut-down version of the photosharing app. It clocks in at just over 500kb, and lets you do all the basics of Instagram without all the bloat that the "real" app has. When it launched IGTV last week, Instagram announced that it now has one billion monthly active users.

Money
Author: 0 "Death To Khamenei!": In Tehran protesting against the ayatollahs

The BBC's Kasra Naji says those protests led ultimately to a change in government and to Iran agreeing to substantive talks on a nuclear deal with world powers. RFE/RL's Radio Farda reported that the protest at the bazaar began in a clothing market and soon spread to other markets - including a relatively more modern area where home appliances are sold.

Money Ahead of 2+2 dialogue, Trump says India charges 100% tariff
Author: 0 Ahead of 2+2 dialogue, Trump says India charges 100% tariff

US President Donald Trump has come down heavily on Harley-Davidson after the American motorcycle manufacturer announced that it could move motorcycle production out of the US to offset heavy tariffs imposed by the European Union . "Harley must know that they won't be able to sell back into US without paying a big tax!" "Now they are trying to use the tariffs to excuse and deflect from that decision".

Money OPEC And Allies Agree To Share Oil Production Increase
Author: 0 OPEC And Allies Agree To Share Oil Production Increase

However, this week started with a dip in crude oil prices to around $74.25 per barrel, as traders factored in an expected 1 million barrels per day (bpd) output increase. "This will allow countries to join OPEC as full members, some as associate members", he said. The head of Saudi oil giant Aramco said it has spare capacity of 2 million bpd and can meet additional oil demand in case of any interruption in supplies.

Money China, EU set to form group to modernize global trade rules
Author: 0 China, EU set to form group to modernize global trade rules

Oh Ei Sun, senior adviser for worldwide affairs at the Asian Strategy and Leadership Institute in Kuala Lumpur, said that China was looking for Mattis's guidance on the Trump's administration defense and foreign policy objectives. The only countries that appear to have escaped unscathed are South Korea, Argentina, Australia, and Brazil, who were all granted indefinite exemptions apart from South Korea which was issued a permanent exemption but was then hit with a quota which cuts its exports ...

Money Ways Donald Trump Made Harley-Davidson a Target
Author: 0 Ways Donald Trump Made Harley-Davidson a Target

Democrats running for governor are pouncing on President Donald Trump's bashing of Harley-Davidson and Gov. Scott Walker's refusal to criticize the president over it. But last month, the Trump administration slapped the tariffs on allies Mexico, Canada and the European Union, prompting the retaliatory tariffs on USA goods.

Money Iran Says Removing Oil From Market By November Impossible
Author: 0 Iran Says Removing Oil From Market By November Impossible

The State Department official said the USA plans to engage with other countries in the Middle Easter to "ensure that the global supply of oil is not adversely affected by these sanctions". "They should be preparing, now, to go to zero (by November 4)", the official said. "We remain engaged with the European Union three throughout this process, and we are going to continue to branch out in new countries and reach new partners as the weeks go forward", the official said.

Money Britain marks second anniversary of its 'Brexit' vote to quit the EU
Author: 0 Britain marks second anniversary of its 'Brexit' vote to quit the EU

The survey said that three out of four bosses insisted that Brussels and Britain should strike a better trade deal and develop a smoother relationship before March 2019. Those who have publicly released estimates of the number of jobs they plan to relocate as a result of Brexit has also increased to 32 from 28 in the last quarter.

Money Overseas money stays wary of Turkey after Erdogan win
Author: 0 Overseas money stays wary of Turkey after Erdogan win

The People's Alliance , between Erdogan's AK Party and the nationalist MHP, also secured a parliamentary majority with a combined share of 53.7 percent, according to the unofficial results. Luxembourg's foreign minister said Mr Erdogan is now "all-powerful" and it will be up to him whether Turkey's relations with the European Union improve.

Money Italy PM says European Union draft text on immigration will be withdrawn
Author: 0 Italy PM says European Union draft text on immigration will be withdrawn

Aoun said on Twitter that he "stressed the need to separate between this return and a political solution for the Syrian crisis". Divisions in German Chancellor Angela Merkel's conservative bloc have weakened public support for her "grand coalition" and pushed the anti-immigrant Alternative for Germany (AfD) party to its highest ratings, a poll published on Sunday showed.

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

Harley-Davidson, the dominant player in the heavyweight USA motorcycle market said earlier on Monday it would not pass on any retail or wholesale price increases in the European Union and instead focus on shifting some us production. The International Association of Machinists and Aerospace Workers (IAM), the union that represents Harley employees in three U.S. plants, said the offshore move had been planned long in advance.

Money European Union import tariffs force Harley to rethink
Author: 0 European Union import tariffs force Harley to rethink

Besides its US plants, Harley-Davidson maintains manufacturing facilities in Australia, Brazil, India and Thailand, according to its website. Shifting production to its non-U.S. The EU's tariffs retaliating against Trump's steel and aluminum levies will cost Harley about US$2,200 per bike shipped to Europe, according to a Monday filing .

Money Greece 'turning a page' as eurozone agrees debt relief
Author: 0 Greece 'turning a page' as eurozone agrees debt relief

Private creditors cut the value of their holdings of Greek government bonds by more than half in 2012. Greek 10-year bond yields fell 8 basis points to a four-week low at 4.23 percent, while five-year bond yields fell 10 bps to 3.40 percent - their lowest level in nearly four weeks.

Money Turkey: President Erdogan Wins New Term in 1st Round
Author: 0 Turkey: President Erdogan Wins New Term in 1st Round

Speaking early Monday, Supreme Election Council head Sadi Guven said 97.7 percent of votes had been counted and declared Erdogan the victor. In the presidential poll , Erdogan has over 58 percent against his nearest rival Muharrem Ince of the secular Republican People´s Party (CHP) with over 27 percent, state-run Anadolu news agency said, based on a 27 percent vote count.

Money Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling
Author: 0 Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling

We asked some vendors of sales-tax services for their advice. States also will no doubt welcome the ruling as it should increase their revenues from sales taxes. Perhaps most importantly, the state law does not permit sales tax collection for past purchases, meaning that businesses don't have to worry about a huge tax bill that they never anticipated.

Money Taxing online sellers is a victory for local stores
Author: 0 Taxing online sellers is a victory for local stores

In today's decision, authored by Justice Anthony Kennedy , the Court sided with South Dakota, which had passed a law in 2016 that required large out-of-state online retailers to collect sales taxes on merchandise sold in the state. "I've been seeing a lot of Chicken Little 'the sky is falling, the sky is falling, '" says Sueanne Shirzay, who operates a shop on Etsy and her personal website selling handmade jewelry.

Money OPEC, allies agree to share increased oil production
Author: 0 OPEC, allies agree to share increased oil production

Al-Falih also said the OPEC+ Joint Ministerial Monitoring Committee, which has overseen the group's supply cuts, will play a key role in managing how production is increased. And after OPEC's deal on Friday , Trump tweeted: "Hope OPEC will increase output substantially. Need to keep prices down!" The lower 600,000 bpd was the figure most frequently cited by the Saudis in their earlier briefings on the meeting side-lines and was repeated in the meeting.

Money Trump's European auto tariff threat could crunch German automakers
Author: 0 Trump's European auto tariff threat could crunch German automakers

The latest threat came the same day that European Union placed tariffs on USA products ranging from orange juice to vodka, retaliation for Trump tariffs earlier this year on aluminum and steel. tariffs on European Union steel and aluminium. If the organization rules in its favor, or after three years if the case is still going on, the European Union plans to impose further tariffs of 3.6 billion euros on US products.

Money OPEC agrees to boost oil production after reaching Iran compromise
Author: 0 OPEC agrees to boost oil production after reaching Iran compromise

Iran , OPEC's third-largest producer, has so far been the main barrier to a new deal as it said on Tuesday OPEC was unlikely to reach an agreement and should reject pressure from U.S. Oil prices rose after OPEC's announcement, which analysts cited as evidence that investors believe the actual increase in production will be smaller, about 600,000 to 700,000 barrels a day.

Money Canada to legalize Marijuana on October 17
Author: 0 Canada to legalize Marijuana on October 17

The C-45 bill - also known as the Cannabis Act - passed the Senate in a 52 to 29 vote on Tuesday. Trudeau's Liberal government introduced legislation a year ago in a bid to make Canada the second country in the world to legalise cannabis, after Uruguay .

Money Saudi flat ahead of MSCI decision; other markets down
Author: 0 Saudi flat ahead of MSCI decision; other markets down

Worldwide investors' expectations were that "the current privatization effort in Saudi Arabia will continue to grow the investable opportunity set available", Sebastien Lieblich, MSCI managing director and global head of equity solutions, said in a statement.

Money
Author: 0 "Build Them Here": Trump Threatens 20% Duty On Cars Imported From EU

The spat is part of a wider tussle over global trade. China, India and Turkey have already hit back with their own tariffs on USA imports. "Needless to say, if the US removes its tariffs, our measures will also be removed". The trade war risks significantly raising prices for consumers. Mr Trump ran for the presidency on a vow to topple seven decades of American policy that had favoured ever-freer trade among nations.

Author: 0 Oil falls as OPEC nears deal to raise production

The real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other producers will not be allowed to fill the gap, OPEC sources have said. Oil prices have spiked by as much as 20% this year, in part because OPEC has produced even less than was foreseen under the 2016 agreement, which was supposed to reduce supply by 1.8 million barrels per day.

Money European Union slaps revenge tariffs on USA as trade war erupts
Author: 0 European Union slaps revenge tariffs on USA as trade war erupts

The bloc has also filed a formal complaint at the World Trade Organization. John Murphy, a senior vice president at the U.S. Chamber of Commerce, estimates that $75 billion in U.S. White House National Trade Council Director Peter Navarro on the Trump administration's proposed Chinese investment restrictions. The EU countermeasures cover a total of around 200 categories of USA products also including various types of corn, rice, orange juice, cigarettes, cigars, t-shirts, cosmetics, ...

Money Global stocks tumble after new Trump tariff threat
Author: 0 Global stocks tumble after new Trump tariff threat

Beijing retaliated with a 25 percent tariff on US soybeans and other goods starting July 6, sending soybean futures Sc1 to a two-year low and throwing into doubt forecasts for USA soybean exports to rise 11 percent this marketing year. The producer cartel of the Organisation of the Petroleum Exporting Countries (OPEC), which is de facto led by Saudi Arabia, and some allies including Russian Federation have been restricting output since the start of 2017.

Money High oil prices hurting fiscal balance, says Pradhan
Author: 0 High oil prices hurting fiscal balance, says Pradhan

Mr. Pradhan went on to say that the prices of oil and gas had become subject to the "vagaries of geopolitics" and urged the OPEC countries to commit towards ensuring more sustainable prices. Brent reached a 3-1/2-year high above $80 a barrel last month but has fallen steadily in recent weeks as Saudi Arabia , de facto leader of Opec, has signalled it intends to raise production to stabilise prices.

Money South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls
Author: 0 South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls

However, Bithumb reportedly moved a significant amount of Ether tokens to its offline wallet. Following the attack, Bithumb has stored all assets in "safe cold wallets", according to Reuters . It also said that it would fully compensate all of its customers affected by the hack. "All deposit and withdrawal service will be stopped to make sure the security".

Money Rand falls to 7-month low as US-China trade war escalates
Author: 0 Rand falls to 7-month low as US-China trade war escalates

According to Apple's unpaid press office, the New York Times , Cook travelled to the White House last month to warn Trump of the potentially adverse effects of Trump's trade policies on Apple in China . " Trump is playing a game of chicken, who will blink first", said Ivan Feinseth, chief investment officer at Tigress Financial Partners. U.S. President Donald Trump again slammed Canada over a trade dispute and claimed that Canadians are buying common products in the U.S.

Money Merkel accepts CSU deadline for European Union migration deal
Author: 0 Merkel accepts CSU deadline for European Union migration deal

Interior Minister Horst Seehofer, who heads Bavaria's Christian Social Union party, insists the chancellor reach a deal by the end of June with European Union governments facilitating the return of migrants to those countries where they were first registered.

Money Trump Asks For $200 Billion More In Tariffs To Impose On China
Author: 0 Trump Asks For $200 Billion More In Tariffs To Impose On China

But, he said, "the United States will no longer be taken advantage of on trade by China and other countries in the world". House Freedom Caucus founder Jim Jordan (R-Ohio) told Bloomberg that he thinks " most Americans are willing to give this president some latitude to get the best kind of trade deal that benefits the United States", adding, "I have concerns about tariffs in general".

Author: 0 MERKEL’S MESS: Germany’s Leadership Hangs in the Balance Over Refugee Policy

Additionally, it was the Trump administration that chose to separate children from their families as part of its "zero tolerance" immigration policy that criminally prosecutes parents if they illegally cross the U.S. But the chancellor contradicted her ally on steps that should be taken in Germany, saying that " there will be no automatism " in rejecting asylum seekers following European Union negotiations.

Money Trump threatens to impose more trade tariffs on China
Author: 0 Trump threatens to impose more trade tariffs on China

The new United States tariff will be imposed if China goes ahead and implements its new tariff on American goods, announced last week, the White House said, adding that trade between the two countries "must be much more equitable". "If the U.S. becomes irrational and issues this list, China will have no choice but to adopt strong countermeasures of the same amount and quality", the ministry statement said.

Money China to retaliate after U.S. imposes tariffs on $50 billion in imports
Author: 0 China to retaliate after U.S. imposes tariffs on $50 billion in imports

China and U.S. moves to impose unilateral sanctions undermine and destabalise the WTO, he says. Indeed, the numbers appear identical. With Congressional elections in November, and the Republican majorities in the House of Representatives and Senate potentially at risk, Mr Trump has to walk a fine line between bolstering his get-tough/can-do image and provoking escalated tit-for-tat tariffs that could damage the United States economy or alienate free-traders in his own party.

Money Google invests $550m in JD.com
Author: 0 Google invests $550m in JD.com

For its part, Google will received more than 27 million shares in JD.com, CNBC reports. - Google said Monday that it will invest $550 million in Alibaba's main rival JD.com as the US tech giant seeks to expand in fast-growing Asian e-commerce markets.

Money German authorities arrest Audi CEO Rupert Stadler in ‘dieselgate’ investigation
Author: 0 German authorities arrest Audi CEO Rupert Stadler in ‘dieselgate’ investigation

This news comes from Automotive News Europe , which reported that the executive is being held in custody because investigators feared he might be seeking to suppress evidence in relation to the probe. Audi, who has been caught up in the emissions scandal that afflicted Volkswagen, had no immediate comment. Audi's supervisory board has yet to sign off on the nomination, Sueddeutsche said.

Money Audi CEO Rupert Stadler taken into custody over Dieselgate
Author: 0 Audi CEO Rupert Stadler taken into custody over Dieselgate

A judge ordered that he be remanded into custody over fears he would attempt to suppress evidence. Volkswagen first admitted in 2015 of using software to cheat on USA emissions tests. News of the arrest comes as VW's new group CEO Herbert Diess is trying to introduce a new leadership structure - which includes Stadler - and speed up the group's shift towards electric vehicles in the wake of the biggest motoring scandal in modern history.

Author: 0 Audi CEO detained in diesel emissions case

Munich prosecutors, who have been investigating Audi's role in the 2015 scandal, confirmed they arrested Rupert Stadler in the Bavarian capital. Last week, prosecutors raided Stadler's residence in Munich as part of the investigation.