Business

Business Trade spat looms as Trump heads for hostile G7
Author: 0 Trade spat looms as Trump heads for hostile G7

Indeed, their 29-second white knuckle handshake at their first meeting was an indicator that they had the measure of each other and Mr Macron even came to be dubbed the "Trump Whisperer" after his successful hosting of the US President for the Bastille Day celebrations last July.

Business US trade deficit falls for second straight month in April
Author: 0 US trade deficit falls for second straight month in April

The federal government agency said Canada's exports increased 1.6 per cent to a record $48.6 billion in April, marking a sixth increase over the past seven months. A trade war is also brewing with China. Canadians' auto buying binge seems to be waning, with imports of motor vehicles down 5.8 percent in April.

Author: 0 Trump talks tough on trade ahead of G7 meetings in Canada

It appears President Donald Trump is hoping to stoke more divisions and confrontations as he plans to head to this week's G7 summit being held in Charlevoix, Quebec - and Canada is in his crosshairs. President Donald Trump and Japanese Prime Minister Shinzo Abe shakes hands during a news conference in the Rose Garden of the White House in Washington , June 7, 2018.

Business Ghana to dissolve football association over bribery allegations
Author: 0 Ghana to dissolve football association over bribery allegations

In When Greed and Corruption Become the Norm aired by BBC's Africa News, the journalist exposes some of Ghana's football insiders, releasing footage of officials and referees accepting cash bribes before games, which is explicitly against both FIFA and Ghana Football Association's (GFA) rules.

Business Ex-Cambridge Analytica chief admits researcher provided Facebook data
Author: 0 Ex-Cambridge Analytica chief admits researcher provided Facebook data

It followed the day after the Observer published an exclusive report alleging CA had harvested the data of 50m Facebook users in order to influence the USA presidential elections. " Cambridge Analytica is the canary in the coal mine". Facebook says Kogan harvested it by creating an app on the platform that was downloaded by 270,000 people, providing access not only to their own but also their friends' personal data.

Business Tesla Model X in California crash sped up seconds before impact
Author: 0 Tesla Model X in California crash sped up seconds before impact

Recovered data showed that Huang, an engineer for Apple, received alerts from the vehicle to place his hands on the steering wheel more than 15 minutes before the crash. Then, seven seconds before the crash, the Tesla began drifting left to align with the lead vehicle as it headed into a left-side exit. In the minute before the accident , his hands were on the wheel for a total 34 seconds, but not in the last six seconds before he struck a crash attenuator and concrete barrier on US-101 in ...

Author: 0 Some G7 leaders plot fightback against Trump on trade at summit

Two Canadian-based sources said divisions between the United States and other G7 members were so great that senior officials in charge of each nation's preparations planned to hold an unusual additional meeting the night before the summit in a bid to find consensus.

Business Trump Unites U.S. Allies-in Opposition to His Trade Policies
Author: 0 Trump Unites U.S. Allies-in Opposition to His Trade Policies

Mexico promised retaliatory measures after the US announced it would go forward with its plan to impose steel and aluminum tariffs. That was met with retaliatory levies from its closest allies, which have raised fears of a trade war and prompted complaints to be filed with the World Trade Organisation .

Business Ethiopia accepts peace deal with longtime rival Eritrea
Author: 0 Ethiopia accepts peace deal with longtime rival Eritrea

Ethiopia's new Prime Minister Abiy Ahmed had promised to make peace with the country's northern neighbour after taking power earlier this year. By accepting the Algiers agreement Ethiopia will have to withdraw its occupying forces from all territories awarded to Eritrea by the EEBC, including the flashpoint town, Badme.

Business Nevermind Salad Cream to Sandwich Cream, remember these food rebrands?
Author: 0 Nevermind Salad Cream to Sandwich Cream, remember these food rebrands?

Sometimes foods - and not just branded foods - are given a new name to make them sound less, well, revolting. It would be the first name change for the product since its launch in 1914. United Kingdom sales of the brand dipped 5.4 per cent to £28.8million previous year. 2018 - Heinz reveals it is changing the name of the iconic brand to reflect modern uses for the condiment.

Business Conservative Icon David Koch Retiring From Business, Politics
Author: 0 Conservative Icon David Koch Retiring From Business, Politics

The 78-year-old NY resident is suffering from deteriorating health, according to a letter from older brother Charles Koch sent to company officials Tuesday. Following the Koch Industries announcement, Americans for Prosperity Foundation announced that David, 78, would be resigning from its board. Their network has promised to spend $400 million to shape the 2018 midterm elections.

Business Viral video shows mice in buns at Delaware Burger King
Author: 0 Viral video shows mice in buns at Delaware Burger King

The video posted to Facebook on Thursday by Wilmington resident Shantel Johnson warned the almost 700,000 viewers "Don't go to Burger King on 202 [Concord Pike]" along with a skull and crossbones and a pair of mouse emojis. Droppings were found in the floor near the ice machine, the water heater, under dry storage, near syrup storage boxes and behind fryers. Inspectors also found part of the ceiling to be leaking, and flies coming out of a drain.

Business Tentative ZTE Deal with U.S. Could Bring Fine to $1.7B
Author: 0 Tentative ZTE Deal with U.S. Could Bring Fine to $1.7B

A new report claims ZTE has signed a preliminary agreement with the USA government that would allow it to once again use parts from US phone suppliers. The terms outlined by Reuters are similar to the those Trump outlined in a May 25 tweet , saying that ZTE might reopen "with high level security guarantees, change of management and board, [and it] must purchase USA parts and pay a $1.3 Billion fine".

Author: 0 ZTE Signs Preliminary Agreement With Commerce Department To Lift US Ban

The Department of Commerce will also change its 2017 settlement agreement with ZTE, counting the $361 million it has already paid in penalties toward the sum, Reuters reported . "If the USA is truly going to make an example out of ZTE, the name itself is now toxic and can not be used going forward", Earl Lum, the President of EJL Wireless Research , a consultancy and research firm based in the United States, said when the ban came into force.

Business Germany’s Bayer to complete Monsanto purchase on Thursday
Author: 0 Germany’s Bayer to complete Monsanto purchase on Thursday

The acquired product portfolio will now become a part of Bayer product and service range, the statement claims. Through this strategic move, the company reportedly aims to close its United States dollars 62.5 billion acquisition of Monsanto, an agrochemical & agricultural biotech firm.

Author: 0 EU Commission Endorses New Duties on US Imports Effective From July

The College of EU Commissioners endorsed on Wednesday the decision to impose rebalancing duties on the set of U.S. products it had submitted to the World Trade Organisation (WTO) effective from July, as part of EU response to the steep USA tariffs on imported steel and aluminum, the European Commission said in a press release.

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