Finance

Finance As Canada-U.S. steel trade war 'bad for exporters and . . . consumers'
Author: 0 As Canada-U.S. steel trade war 'bad for exporters and . . . consumers'

But the White House also said the administration is still committed to "good-faith negotiations with our allies". Those negotiations had a Friday deadline. "Today is a bad day for world trade", said Cecilia Malmström, the European trade commissioner. We did everything to avoid this outcome. The Mexican government called the steel and aluminum tariffs unjustified and said it will retaliate by imposing import tariffs on USA flat steel (hot and cold foil, including coated and various ...

Finance CBRT's cosmetic move is not enough to save lira
Author: 0 CBRT's cosmetic move is not enough to save lira

Opposition newspaper Cumhuriyet presents another poll according to which those favouring Erdogan will be 43,5% while 22,2% will vote for Muharrem İnce. What has the central bank done to fight back? Economists had long criticized the central bank for employing a myriad of interest rates with little guidance over what the headline rate was.

Finance Starbucks shuts 8000 United States stores for racial bias training
Author: 0 Starbucks shuts 8000 United States stores for racial bias training

Training took place in the afternoon and was created to prevent discrimination in stores. The corporation planned to close 8,000 of its stores Tuesday to host discussions and train employees about understanding racial bias and the history of public accommodations in the United States .

Finance Paul Ryan breaks with Trump on tariffs
Author: 0 Paul Ryan breaks with Trump on tariffs

EU Commission spokesman Margaritis Schinas said Thursday the European side is "ready to deal with any kind of scenario, and to defend the EU interests and global trade law". On Thursday, EU Commission president Jean-Claude Juncker said the 28 EU member countries would challenge the tariffs and "impose their own balancing import duties on U.S.

Finance FCA, Waymo expand plans: 62,000 more self-driving vehicles, potential retail sales
Author: 0 FCA, Waymo expand plans: 62,000 more self-driving vehicles, potential retail sales

While the automaker offers a competitive suite of collision-avoidance tech such as automatic emergency braking and active lane control in its vehicles, it has lagged behind most rivals on the road toward self-driving cars. In March, Waymo began shuttling a group of pre-approved "early riders" in self-driving vehicles without a human test driver behind the wheel in the suburbs of Phoenix, where the company has been testing its technology.

Finance Italy's populist leaders reach deal to resurrect coalition
Author: 0 Italy's populist leaders reach deal to resurrect coalition

When Italians went to the polls in early March and mostly split their votes between two populist parties-Five Star Movement and the League-markets barely blinked. The appointment of a former International Monetary Fund director as interim PM shows that Italy's president is "with the bankers", not the people, the head of Euroskeptic Lega Nord has said, exemplifying the widespread anger over the unprecedented move.

Finance Wall Street rebounds as Italy fears ease
Author: 0 Wall Street rebounds as Italy fears ease

The market's main measure of short-term volatility, the CBOE Volatility index, spiked to its highest level since April 25. The two-year debt yield jumped to 2.71 percent overnight from 0.84 percent the day before. ITALY: Investors dumped Italian government bonds, driving borrowing costs sharply higher for that country and rekindling fears of more financial strain for Europe's third-largest economy .

Finance Banking services hit as bank unions in Odisha join nationwide strike
Author: 0 Banking services hit as bank unions in Odisha join nationwide strike

Vice-President of National Organisation of Bank Workers, Ashwani Rana told news agency ANI , "On May 30 and 31, 10 lakh bank employees all over India will be on strike over the issue of wage revision". The IBA has also said that lenders won't negotiate with the unions for hikes at the senior management level. On the May 5 meeting, IBA offered 2 per cent hike which was rejected by unions calling it unjust.

Finance Trump reportedly wants to push German luxury cars out of the US
Author: 0 Trump reportedly wants to push German luxury cars out of the US

President Donald Trump is reportedly threatening to ban German cars from USA roads. German carmakers control 90 percent of the US premium auto market, with BMW (BMWG.DE) owning the Rolls-Royce and BMW brands while Daimler (DAIGn.DE) has Mercedes-Benz and Volkswagen (VOWG_p.DE) controls Bentley, Bugatti, Porsche and Audi.

Author: 0 US to impose steel tariffs on EU

USA and European officials held last-ditch talks in Paris on Thursday to try to reach a deal, though hopes are low and fears of a trade war are mounting. "We are prepared to react in a united and clear way whatever the decision of the (U.S.) president", he said. Europe did not want a trade war, he said, but Washington had to back down from "unjustified, unjustifiable and risky tariffs".

Finance World’s longest non-stop commercial flights launch in October
Author: 0 World’s longest non-stop commercial flights launch in October

The direct flights from Singapore to New York City will be launched on October 11, with three flights per week, adding it will start on October 18, the airline will operate daily flights. It will receive the first of the aircraft in September, with the remainder be delivered by the end of this year. SIA has 21 A350-900s in its fleet with 46 more on order, including the ULR variants.

Finance Addicted to Trading? Scottish Hospital Treats Cryptocurrency Addiction
Author: 0 Addicted to Trading? Scottish Hospital Treats Cryptocurrency Addiction

It was only a matter of time before cryptocurrency traders, who often sit at their trading desks for long hours at a time, attempting to reap fortunes, would need similar treatment. Just how many people are addicted to trading cryptocurrencies is unknown. Now around 13 million people worldwide trade in some form of cryptocurrency - yet the severity of " cryptocurrency addiction " is yet to be fully or empirically measured.

Finance Aussie Shoppers Blocked From Using Amazon's US Website
Author: 0 Aussie Shoppers Blocked From Using Amazon's US Website

Shoppers visiting those sites will be redirected to Amazon.com.au, which launched late previous year. The company has today announced that amazon.com, the USA version of the website, will no longer send goods to Australia from July 1, with shoppers instead redirected to the smaller amazon.com.au site.

Finance Why GDPR is a $3.5 billion business opportunity
Author: 0 Why GDPR is a $3.5 billion business opportunity

Brill said that privacy has grown in importance as people spend more time online, and expose more of their personal activities online. "It's a gradual, and not a revolutionary, kind of thing". Action: Make sure you have clearly identified the lawful basis for all personal data you are capturing in order to manage the data and consents accordingly.

Finance Canadian Yahoo hacker gets a five-year prison sentence
Author: 0 Canadian Yahoo hacker gets a five-year prison sentence

The sentencing follows Baratov last November pleading guilty to multiple charges, including violating the U.S. Computer Fraud and Abuse Act, as well as aggravated identity theft (see Canadian Hacker-for-Hire for Russia Pleads Guilty ). Mr. Baratov's attorney, Andrew Mancilla, said the government was "trying to make an example" of his client. Authorities believe he earned around $1.1 million from the deal and that he used the money to buy a house and cars.

Finance Amazon CEO stresses only lunar colonization could save Earth
Author: 0 Amazon CEO stresses only lunar colonization could save Earth

While the chances of him ever going broke are pretty slim, he told GeekWire that if such an unlikely scenario does come to pass, "other people will take over the vision". For sure, a moon landing is a long way from a moon settlement. Moreover, deposits of water ice have been discovered near the moon's pole that could be turned into drinkable water and propellants for rockets.

Finance Krispy Kreme Is Giving Away Free Doughnuts In Canada This June
Author: 0 Krispy Kreme Is Giving Away Free Doughnuts In Canada This June

Krispy Kreme: Get one free doughnut of your choice, no purchase necessary. Mr. Ronnie's will be offering a dozen glazed or mixed doughnuts for $8 Friday. Burger King is also taking advantage of the holiday by releasing the first flame-grilled donut ever, the Whopper Donut. The offer is good all day on June 1 at participating Dunkin' Donuts stores nationwide.

Finance Italy plunges into political crisis after government talks collapse
Author: 0 Italy plunges into political crisis after government talks collapse

The eurozone's third largest economy has been seeking a new government since inconclusive March elections, with anti-establishment forces Five Star and the League abandoning their efforts to form a ruling coalition at the weekend after a standoff with the president over their choice for economy minister.

Finance Tesla Model 3 to Be Retested by Consumer Reports After Brake Fix
Author: 0 Tesla Model 3 to Be Retested by Consumer Reports After Brake Fix

That criticism adds to headaches for Musk, already facing pressure over a series of crashes, production issues, and the company's finances. "Looks like this can be fixed with a firmware update", Musk said. For some time now, we've known about Tesla's next up and coming vehicle, temporarily and unofficially dubbed the "Model Y". Because the motor of a Tesla is controlled by a computer, firmware updates can improve on things that would require manufacturer attention in regular cars - this ...

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