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.
In an interview with the FT , Freismuth said: "We always said we can do our best and prepare everything, but if at the end of the day the supply chain will have a stop at the border, then we cannot produce our products in the United Kingdom".
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.
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.
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.
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.
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.
Who is affected by a trade war? Scott Walker's full-throttled love of Harley-Davidson motorcycles has been intertwined with his rising political career, but now he must navigate revved up criticism of the Milwaukee-based company from President Donald Trump.
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.
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".
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.
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 ...
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.
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.
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.
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.
On Wall Street, the Dow Jones Industrial Average fell 328.09 points, or 1.33 percent, to 24,252.8, the S&P 500 lost 37.81 points, or 1.37 percent, to 2,717.07, and the Nasdaq Composite dropped 160.81 points, or 2.09 percent, to 7,532.01.
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.
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.
The forthcoming restrictions would apply "to all countries that are trying to steal our technology ", he said. New rules that would curb investment in American technology firms are reportedly in the works within the Treasury Department.
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 .
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.
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.
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.
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.
While implementation and regulation of the online sales tax might prove tortuous, the Supreme Court ruling could increase state and local government revenues across the country - especially in states like Tennessee that have no income tax and relies heavily on sales tax revenue.
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.
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.
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.
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 .
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.
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.
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.
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, ...
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.
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.
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".
The acquisition will occur immediately after the spin-off by 21st Century Fox of the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company referred to as New Fox.
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.
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.
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".
Tesla's CEO Elon Musk warned employees about sabotage after two incidents this week put the company on guard. Musk's first email , sent Sunday (June 17), stated an employee had conducted "quite extensive and damaging sabotage to our operation".
Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the United States president threatened to impose fresh tariffs on Chinese goods, pushing the world's two biggest economies closer to a trade war .
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.
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.
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.
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.
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.
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.
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.