Finance

Finance Trump moves to block China Mobile's US entry
Author: 0 Trump moves to block China Mobile's US entry

The Trump administration recommended to the Federal Communications Commission (FCC) on Monday that China Mobile not be allowed to enter the US telecommunications market. The FCC wasn't immediately available for comment outside of regular office hours. The company had 901.9 million mobile subscribers, 671.8 million of which are on its 4G network, as of May 31.

Finance Woman devours 37 hot dogs to win Independence Day eating contest
Author: 0 Woman devours 37 hot dogs to win Independence Day eating contest

George Shea, the longtime host of the annual Brooklyn eat-off, quipped that Sudo was particular about the temperature and amount of water she uses while competing. Not fireworks or a Taylor Swift party (RIP), but a world record at a hot dog eating contest. Chestnut's previous record was 72. She first got into the world of competitive eating after her daughters entered her in a local eating contest.

Finance Domino Effect: How will a trade war influence the rest of Asia?
Author: 0 Domino Effect: How will a trade war influence the rest of Asia?

U.S. synth company Moog has warned that a 25% tariff on the import of Chinese goods brought in by President Trump could result in layoffs and the end of its instruments being made in the US. The European Commission said in a letter that they would hit $300 billion of USA goods with tariffs if needed. Trump has long expressed his dissatisfaction with a number of trade deals with overseas trading partners.

Finance China's HNA Chairman Wang dies after fall during trip to France
Author: 0 China's HNA Chairman Wang dies after fall during trip to France

Also in attendance were executives at Glencore Plc, which hours later announced the US$775 million sale of a majority stake in its oil storage and logistics business to HNA. Mr Wang held 15 per cent of the group's shares. "Wang's passing will mark the end of an era of aggressive expansion by HNA", said Corrine Png, chief executive officer at Crucial Perspective Pte., a Singapore-based research firm focused on transportation.

Finance Hyundai Denies FCA Takeover Rumor
Author: 0 Hyundai Denies FCA Takeover Rumor

On top of all that, the United States and South Korea are unified by a free-trade agreement, which would only ease the transfer of models between both nations. Yet despite the synergies that could develop via a Hyundai-FCA merger, Senior Group Manager of Hyundai Corporate and Marketing Public Relations, Michael Stewart tells us, "That rumor is totally groundless".

Finance China warns its citizens: Travel to US carries high-cost risks
Author: 0 China warns its citizens: Travel to US carries high-cost risks

The official China Daily said the United States was intentionally trying to prevent China from developing to keep it from challenging the former's role in the global economic order. A report by New York-based Rhodium Group, a research consultancy, in April showed that Chinese restrictions on foreign investment are higher in every single sector save real estate, compared to the European Union, while numerous big Chinese takeovers in the bloc would not have been possible for EU companies in China.

Finance Celebrities welcome LeBron James to the Los Angeles Lakers
Author: 0 Celebrities welcome LeBron James to the Los Angeles Lakers

Then, late-Monday, it was reported that the Golden State Warriors came to terms on a contract to replace McGee with DeMarcus Cousins - a move that sent shockwaves across the entire National Basketball Association. To be fair, the top four markets make total sense. Los Angeles could consider trying to acquire Damian Lillard from the Portland Trail Blazers. For years, James has been able to walk into the Finals with a level of ease, now, in the Western Conference, he must fight to gain that ...

Author: 0 Trump Draft Tariffs Bill Tears Up WTO Rules

Trump was reportedly briefed on the draft in late May. A White House spokeswoman told Axios that the bill was only a draft. The U.S. helped establish the WTO in 1995 as a way to mediate trade disputes and head off tit-for-tat trade wars of the kind that are now enveloping the U.S., Canada, Mexico, China, and the European Union.

Author: 0 Trump blasts OPEC over manipulating oil markets

President Trump lashes out at OPEC with a warning to stop manipulating oil markets and piles pressure on United States ally Saudi Arabia. "We also expect Venezuelan production to decline a further 150,000 bbl/d towards year-end, with risks still skewed to the downside", Bjørnar Tonhaugen, vice president of oil market research at Rystad Energy, said.

Finance European Union warns Trump that auto tariffs could lead to $300B retaliation
Author: 0 European Union warns Trump that auto tariffs could lead to $300B retaliation

The European Commission reportedly sent a letter to the United States threatening to hit $US300 billion of American goods with tariffs . However, with the U.S. But he denied reports he plans to pull out of the WTO. In a submission to the USA authorities, the European Commission warned: "Economic analysis confirms that an increased tariff on these products (cars and vehicle parts) will be harmful first and foremost for the U.S.

Finance Walmart Faces Boycott Threats Due To Donald Trump Impeachment T-Shirts
Author: 0 Walmart Faces Boycott Threats Due To Donald Trump Impeachment T-Shirts

Walmart's marketplace does still feature anti-Trump items from third-party sellers, but no products calling for the president's impeachment appear to be available. The T-shirts weren't being sold by Wal-Mart itself, but by third-party sellers including Old Glory and Teespring Inc. The shirt wasn't made by Walmart.

Finance Merkel's migrant deal hangs on Social Democrat, EU approval
Author: 0 Merkel's migrant deal hangs on Social Democrat, EU approval

Trump told the World Trade Organization on Monday that "we'll be doing something" if the United States is not treated properly, just hours after the European Union said that USA automotive tariffs would hurt its own vehicle industry and prompt retaliation.

Finance Mexico election: Andres Manuel Lopez Obrador wins presidential vote
Author: 0 Mexico election: Andres Manuel Lopez Obrador wins presidential vote

Lopez Obrador said he will propose that his own experts be included in the talks, but will respect Mexico's current negotiating team as they continue to represent Mexico until he takes office December 1. For some, one is an economic elite of the far right, while the other is a representative of the nefarious Latin American new left. (In critics' eyes, this is best symbolized by the late Venezuelan President Hugo Chavez).

Finance Mexican peso rallies as exit polls show Lopez Obrador win
Author: 0 Mexican peso rallies as exit polls show Lopez Obrador win

In comments to reporters, Trump said he believed Lopez Obrador would help the United States secure its southern border. "I think the relationship is going to be a very good one". He said Mexico's "very strong" immigration laws could be used to help keep illegal immigrants away from the USA border. Some try to link him to Hugo Chavez or Fidel Castro due his leftist-leaning politics, some to Donald Trump over his vague populist rhetoric and others call him anti-Trump even though the ...

Finance Landmark LeBron sign to vanish from downtown Cleveland
Author: 0 Landmark LeBron sign to vanish from downtown Cleveland

Fanatics was ready for this moment. LeBron James did not keep anyone waiting this time, as he announced his future on the first day of free agency. Sherwin-Williams told the Cleveland Plain Dealer on Monday that the 10-story banner featuring James on the side of its world headquarters building will be removed this week by advertiser Nike.

Finance With its acquisition of Motivate, Lyft gets in on bike share
Author: 0 With its acquisition of Motivate, Lyft gets in on bike share

The Brooklyn, N.Y. -based company's bike maintenance operations will stay as a standalone business under the current brand. According to Lyft's press release , the business will be renamed Lyft Bikes. Lyft bought the company behind Citi Bike. Citi paid $41 million (roughly Rs. 281 crores) to be the corporate sponsor for New York's bike-share system beginning in 2012.

Author: 0 Obrador elected to Mexico's presidency

We ask our panel whether the 64-year old's a radical or a reformer and see how the firebrand former mayor of Mexico City can or cannot make good on his promise to tackle corruption, violence, and fight for the poor. But he vows to reduce inequality, improve pay and welfare spending and run a tight budget. The central state of Guanajuato was expected to go to a candidate of the conservative National Action Party.

Author: 0 Auto tariffs could lead to $300B retaliation — European Union warns Trump

Although Trump has previously been persuaded to back off trade threats based on the fact that they would hurt states that supported him in the 2016 presidential election, he has taken a more aggressive tack in recent months. The EU's letter reportedly said that it has not yet decided on countermeasures to possible auto tariffs, but said it is "likely" to apply them to "a significant volume of trade" in the event Trump imposes such tariffs.

Finance Amazon's Try-Before-You-Buy Wardrobe Service Is Ready for Prime Time
Author: 0 Amazon's Try-Before-You-Buy Wardrobe Service Is Ready for Prime Time

Amazon (NASDAQ: AMZN ) announced on Wednesday that it is releasing Amazon Prime Wardrobe to all of its Prime members. It is now available to members in Australian capital cities, including Sydney, Melbourne, Brisbane, Canberra, Adelaide, Hobart and Perth, as well as regional cities, such as Albury-Wodonga, Bendigo, Gold Coast, Gosford, Newcastle, Shepparton-Mooroopna, Toowoomba, Wagga Wagga and more.

Author: 0 Trump risks '£294bn' trade tariff reprisals

The European Commission, the EU executive that handles trade for the bloc, said on Monday it was trying to convince its USA counterparts that imposing such tariffs would be a mistake. The United States is set to impose tariffs on $34 billion worth of additional goods from China on July 6. Trump on Wednesday said he supported tougher restrictions on foreign investment in sensitive technology, as well as export controls on those goods, but he stopped short of imposing specific restrictions ...

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