• Saudi investment fund takes $1 billion stake in Lucid Motors
Saudi investment fund takes $1 billion stake in Lucid Motors

Based in Newark, California, Lucid Motors was founded in 2007 as Atieva by Bernard Tse, a former Tesla vice president and board member, and Sam Weng, a former executive at Oracle Corp. The vehicle will have a battery range of 240 miles to 400 miles per charge, depending on what kind of extras are ordered. The electric-car investment is a bold mov...

Read more

  • United States slaps tariffs on $200bn in China goods as trade war escalates
United States slaps tariffs on $200bn in China goods as trade war escalates

President Trump opened up a new front his trade war with China by announcing plans to slap tariffs on $ 200 billion worth of Chinese-made goods. The higher import taxes will start from Monday at 10% before rising to 25% on 1 January, the White House announced.

Read more

  • Trump promises post-market announcement as China tariff reports swirl
Trump promises post-market announcement as China tariff reports swirl

They include consumer products such as luggage and handbags, textiles including cotton and other fabrics, household items such as cutlery and towels, and food including rice. More broadly, tariffs will lead to higher U.S. consumer prices, lower overall USA economic growth, and other unintended economic consequences. What items have been targeted...

Read more

  • China says has no choice but to retaliate against latest USA tariffs
China says has no choice but to retaliate against latest USA tariffs

Trump administration is seeking systemic changes from China which Beijing has failed to do. And the Wall Street Journal cited Chinese diplomatic sources for its claim that China will not attend the latest round of talks if Trump moves ahead with the levies.

Read more

  • Trump Issues More Tariffs on $200 Billion in Chinese Goods
Trump Issues More Tariffs on $200 Billion in Chinese Goods

The Trump administration has been revising the list of Chinese goods that will be hit by tariffs following a feedback period and more than a week of public hearings last month. "This backdrop fits with the singles and doubles thesis we laid out Friday, which argues not to get too invested in a single trade idea and to remain nimble", says McCormick...

Read more

  • President Trump Slaps China With Additional $200 Billion Tariffs
President Trump Slaps China With Additional $200 Billion Tariffs

If an increase goes ahead, "China will have to take necessary countermeasures", said Geng at a regular daily briefing. Carla Hills, US trade representative from 1989 to 1993 under George H.W. Larry Kudlow, director of the National Economic Council, speaks during a meeting at the Economic Club of New York, Sept. 17, 2018, in New York. "China is ...

Read more

  • Vijaya surprise in BoB-Dena merger
Vijaya surprise in BoB-Dena merger

The decision was taken at a meeting of a ministerial panel (called Alternative Mechanism), headed by Finance Minister Arun Jaitley , that oversees merger proposals of state-owned banks. The Vijaya Bank and Dena Bank now have more regional focus whereas Bank of Baroda has a widespread network across India. He added that the government would now a...

Read more

  • China won't just play defence in trade war, Global Times warns
China won't just play defence in trade war, Global Times warns

The trade tiff has yet to be felt in US markets as the tariffs, which now are set at 3.8 percent, may rise to just 10 percent, which most companies can handle in a growing economy, said Brian Nick, chief investment strategist at Nuveen. At the same time, the administration said it is still open to negotiations with China. His comments are likely to...

Read more

  • Trump imposes tariffs on $200B more of Chinese goods
Trump imposes tariffs on $200B more of Chinese goods

President Trump announces tariffs on another $ 200 billion of Chinese goods. There was likely to be a "lagging effect" from US trade disputes with China, Canada and Mexico that could undercut the positive impacts of Trump's tax cuts, he said.

Read more

  • Coca-Cola, Aurora Cannabis Plan CBD Drinks
Coca-Cola, Aurora Cannabis Plan CBD Drinks

The space is evolving quickly. " No decisions have been made at this time ", the beverage group said, adding that it would not comment on further speculation. With consumption of soft drinks down in recent years, Coca-Cola and its competitors have diversified, with Coca-Cola in recent years widening its product array to include bottled water ...

Read more

  • May cautions: Support my Brexit deal or face no deal
May cautions: Support my Brexit deal or face no deal

Sadiq Khan , London Mayor says, "Unfortunately, we're at a position now where the government's embarking on negotiations that are going to lead to one of two things: either a bad deal, and that includes the possibility of us leaving the EU without knowing the future relationship with the European Union , or no deal".

Read more

  • $100k reward to catch those spiking strawberries with needles in Australia
$100k reward to catch those spiking strawberries with needles in Australia

One man was taken to hospital after eating a strawberry that held a needle. "As the products have yet to be forensically examined, it is unknown if the contamination is related to the original Queensland incident or a copycat", NSW police said in a statement late Friday.

Read more

  • Petrol crosses Rs 90-mark in 12 cities across Maharashtra, Pune next?
Petrol crosses Rs 90-mark in 12 cities across Maharashtra, Pune next?

The fuel prices are likely to go up further as the price of Brent crude was still hovering over $78 a barrel, while the rupee is pegged around $72 a dollar. Diesel, in the West Bengal capital was priced at Rs 75.39 on Saturday, up from previous level of Rs 75.15 per litre. Sources said the CM instructed the finance department last week to conside...

Read more

  • United Kingdom house prices would crash by a third after no-deal Brexit
United Kingdom house prices would crash by a third after no-deal Brexit

As Prime Minister Theresa May tries to clinch a deal with Brussels , she is facing rebels in her Conservative Party who say they will vote down any agreement that fails to deliver a sharp break with the EU. Carney, sometimes nicknamed the "unreliable boyfriend" due to mixed signals about the future path of interest rates, gained respect from...

Read more

  • Oil Prices Rise On Supply Worries
Oil Prices Rise On Supply Worries

The wider Brent/WTI spread is also attributed to concerns about the upcoming sanctions on Iran that will take effect on November 4. "Things are tightening up", the agency said in its monthly report, but added: "As we move into 2019, a possible risk to our forecast lies in some key emerging economies, partly due to currency depreciations vs....

Read more

  • Woman Caught Putting Needle Into Banana In Kids Free Fruit Section
Woman Caught Putting Needle Into Banana In Kids Free Fruit Section

Police in Australia have confirmed they are investigating an incident where a metal object was found inside a banana. According to NSW Police six brands are have now been recalled nationally, "Berry Obsession", "Berry Licious", and "Donnybrook Berries", with "Love Berry", "Delightful Strawberries", and "Oasis" added on Friday .

Read more

  • Time Magazine Sold To Salesforce Co-Founder Marc Benioff For $190M
Time Magazine Sold To Salesforce Co-Founder Marc Benioff For $190M

The venerable newsmagazine Time , a almost 100-year-old media institution, is about to have new owners - Marc Benioff , Salesforce chairman and co-CEO, and Lynne Benioff, his wife. Benioff. They also plan to keep Time's current leadership team in charge. "We're investing in a company with tremendous impact on the world, one that is also an in...

Read more

  • Six Nuclear Power Plants Are In Hurricane Florence’s Path
Six Nuclear Power Plants Are In Hurricane Florence’s Path

Operators of nuclear plants in the Carolinas and Virginia are preparing for Hurricane Florence , which is expected to make landfall in the south-east of the us later today. But Duke Energy Corp and the NRC have gone back and forth about whether the facility meets the new requirements, as the plant was originally created to protect itself against...

Read more

  • Legal pot points to woes at US border
Legal pot points to woes at US border

Thousands of Canadians likely now own pot stocks in their portfolios and could find themselves barred from the U.S. Similar comments made by a border official to Politico sent us -traded shares of Canadian marijuana companies tumbling Thursday.

Read more

  • Strawberry sabotage: WA not affected by needle contamination
Strawberry sabotage: WA not affected by needle contamination

Angela Stevenson was cutting up strawberries purchased from Woolworths in Kirkwood, for daughter Koby-Rose, 1 when she discovered a needle inside one of the strawberries. "While it is expected that berries picked early last week would now not be useable, many people freeze the fruit for later use". "It makes it hard because you might need to disp...

Read more