• OPEC crude basket rises to $76.02
OPEC crude basket rises to $76.02

Light, sweet crude for October delivery dropped $1.78, or 2.5%, to $68.59 a barrel on the New York Mercantile Exchange , its worst day since August 15 after it closed at its highest level since July 20 a session earlier. The previous sanctions cut 1.22 million bpd of Iranian crude oil exports which averaged 1.1 million bpd between 2012 and 2015, t...

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  • The Missing China Trade Strategy
The Missing China Trade Strategy

President Donald Trump will now impose 10% tariffs on an additional $ 200 billion worth of Chinese imports, more or less as he threatened to do. He demanded Canada and Mexico renegotiate the North American Free Trade Agreement to make it more favorable to the United States. The tariffs will become effective on 24 September, if the US' renew...

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  • Coca-Cola considering CBD-infused drinks
Coca-Cola considering CBD-infused drinks

Coke's interest was first reported by Bloomberg , which said the company was in talks with Aurora Cannabis , a Canadian cannabis company. Coke's possible foray into the marijuana sector comes as beverage makers are trying to add cannabis as a trendy ingredient while their traditional businesses slow.

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  • Today's National Cheeseburger Day - How To Score Free Burgers (and Pancakes)
Today's National Cheeseburger Day - How To Score Free Burgers (and Pancakes)

Lots of restaurants are offering deals to celebrate. Buy anything you want from the menu and get a free cheese slider. The Ninety-Nine , too, is offering $5 burgers for dine-in patrons only. All you have to do is purchase a food or drink item with the My McD's app to claim your cheeseburger. Also, for a limited time, get a Carhop Classic , ...

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  • Centre merges Bank of Baroda, Vijaya Bank, Dena Bank
Centre merges Bank of Baroda, Vijaya Bank, Dena Bank

While it may make sense to amalgamate Vijaya Bank and Bank of Baroda as both banks have relatively strong financials, including Dena Bank in the consolidation exercise is fraught with pitfalls, he added. The amalgamated bank would be the third largest bank in India and will be strong competitive lender with economies of scale, he said adding ...

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

The fresh round of tariffs comes on top of $50 billion worth of Chinese products taxed this year, meaning almost half of all Chinese imports into the United States will soon face tariffs. Trump has already imposed tariffs on $50 billion of imports from China, on products created to minimize price pain for American consumers, including chemicals, ...

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  • Theresa May: It's my Brexit deal or no deal at all
Theresa May: It's my Brexit deal or no deal at all

May expressed confidence parliament would approve the deal - but warned there was no alternative if Britain wanted to avoid a "no deal" scenario. Stewart Jackson, a former chief of staff at the Department for Exiting the EU claimed the Brussels plan for high-tech customs checks paved the way for a UK-EU deal based on Canada's free trade deal with...

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  • Saudi, UAE turning OPEC into 'tool for US,' Iran says
Saudi, UAE turning OPEC into 'tool for US,' Iran says

Oil prices broke the $80 a barrel barrier yesterday as the storm, along with Donald Trump's sanctions on Iran , bumped prices. However, prices were able to rebound into the close on Friday after a report said Secretary of State Michael Pompeo was going to give a press conference on new sanctions on Iran .

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  • Strawberry needle scare: Contamination affects six brands in Australia
Strawberry needle scare: Contamination affects six brands in Australia

Hoani Hearne, 21, was rushed to the hospital Sunday with "severe abdominal pains", according to a friend, Joshua Gane , who posted about the incident on Facebook . Police in Queensland say they are investigating a suspected " copycat " incident after a small silver rod was found in a punnet of strawberries at a supermarket west of Brisbane.

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  • Canadian Cannabis Users, Workers Could Face Lifetime US Ban
Canadian Cannabis Users, Workers Could Face Lifetime US Ban

Todd Owen, executive assistant commissioner for the CBP's Office of Field Operations, said Canadians can be denied entry and permanently banned from visiting the USA for working or investing in marijuana, even once federally legal recreational weed sales begin north of the border next month, Politico Thursday.

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  • Amazon CEO Jeff Bezos Announces $2 Billion Fund to Help Homeless Families
Amazon CEO Jeff Bezos Announces $2 Billion Fund to Help Homeless Families

For the homeless, grants will be given to organisations "doing compassionate, needle-moving work to provide shelter and hunger support to address the needs of young families", Bezos said on Twitter . "I don't feel the need to defend Amazon", Bezos said. It is a contrast to the long view that Bezos has preached at Amazon and Blue Origin, the space-...

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  • Canada’s Freeland returns to Washington for NAFTA talks
Canada’s Freeland returns to Washington for NAFTA talks

He said, however, it was wrong for Canada to have publicly declared it would not accept concessions on certain files. "The conversations over the weekend continued to be constructive and productive", she said. "At the end of the day, we're neighbours - and at the end of the day, neighbours help each other when they need help". Lighthizer faces ...

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  • States may get ₹22,700 cr. from oil price rise: SBI report
States may get ₹22,700 cr. from oil price rise: SBI report

Diesel prices per litre were at Rs 72.83 in Delhi, Rs 75.68 in Kolkata, Rs 77.32 in Mumbai and Rs 76.98 in Chennai. In a masterstroke and timely decision, Chandrababu Naidu has cut down the excise duty of AP state government on the fuel prices .

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  • When Trump added an extra zero in his GDP tweet
When Trump added an extra zero in his GDP tweet

Last month, White House Press Secretary Sarah Huckabee Sanders falsely claimed that Trump has created three times as many jobs for black workers as his predecessor Barack Obama did during his entire time in office. "I'm not the chairman of the council of Twitter advisers", he added later. The economy was, however, struggling when Obama ...

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  • U.S., Europe optimism helps global stock index dodge trade war dread
U.S., Europe optimism helps global stock index dodge trade war dread

And, according to BOA Merrill Lynch analyst Wamsi Mohan, Apple may just give in to the president's request by asking its partners to bring some iPhone assembly operations into the USA, which will lead to higher prices. tariffs on Chinese made products. In April, Ford announced plans to stop making cars in the United States - except for the Mus...

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  • Fuel Prices Increased. Left declares Bharat Bandh on Monday
Fuel Prices Increased. Left declares Bharat Bandh on Monday

Propelled by a rise in global crude oil prices and a weakening rupee, the price of petrol in Delhi is now touching Rs 80 while diesel has crossed the Rs 72 mark. Oil Minister Dharmendra Pradhan on Sunday said that India as a stable economy should avoid any knee-jerk reaction to volatile crude oil prices, indicating no cut in taxes on fuel despite...

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  • Tesla Shares Fall After News Chief Accounting Officer Has Resigned
Tesla Shares Fall After News Chief Accounting Officer Has Resigned

But headlines on Friday fixated on the few seconds of the interview that the Tesla chief spent smoking marijuana and sipping on Whiskey, the optics of which amplified an already bad headline day for his company. Morton joined the electric vehicle company the day before Musk tweeted that he was considering taking the company private , causing...

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  • Alibaba's Jack Ma to be succeeded by CEO Daniel Zhang next year
Alibaba's Jack Ma to be succeeded by CEO Daniel Zhang next year

Ma will complete his current term on Alibaba's board of directors following the company's annual general meeting in 2020. Before moving into the business world with Alibaba's founding nearly 20 years ago, Ma was an English teacher. The NYT report was quickly denied by Alibaba whose spokesman told the Post on Saturday that Mr. Ma remains the com...

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  • Apple Watch, other products will cost more on US-China trade war
Apple Watch, other products will cost more on US-China trade war

China has threatened retaliation, which could include action against USA companies operating there. Apple didn't immediately respond to a request for comment. Wang Huiyao, director of the Center for China and Globalization, a Beijing-based think tank, said that even though it is still unclear whether the new tariffs would be set at 10 percent ...

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  • CBS in talks on exit for accused CEO Moonves
CBS in talks on exit for accused CEO Moonves

A new report from CNBC says that Moonves, who has been accused of sexual harassment by six women , and the CBS board are now negotiating a settlement, but their discussions have stalled over the issue of the his exit package. CBS didn't return a request for comment. Moonves, who joined CBS in 1995 and became CEO in 2006, has been locked in a l...

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  • Trump administration considering sanctions over Chinese hackers
Trump administration considering sanctions over Chinese hackers

The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and auto seats for babies. Donald Trump has warned that he has a new tranche of tariffs covering virtually all Chinese goods entering the US ready to go, as Apple warned that the US-China trade war will make its products more ...

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  • The EQC - The First Ever All-Electric Car from Mercedes-Benz
The EQC - The First Ever All-Electric Car from Mercedes-Benz

As electric cars take over from combustion engines, in coming years, Daimler plans to offer 10 fully electric cars by 2022. However, a closer look does reveal more than enough design cues to give away the fact this is a Mercedes crossover SUV with an alternative powertrain.

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  • Goldman Sachs CFO Calls Trading Desk Rumors
Goldman Sachs CFO Calls Trading Desk Rumors "Fake News"

The fragility of the crypto market was tested by this news as it took Bitcoin ( BTC ) down over five percent bringing it below Dollars 6400. In December of past year, Goldman Sachs announced its plans to set up a cryptocurrency trading desk by 2018 and become the first Wall Street giant to get involved with the cryptocurrency-related tr...

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  • Trump ready to set tariffs on all goods from China
Trump ready to set tariffs on all goods from China

Bloomberg News reported Friday that administration officials are discussing using an executive order that authorizes US officials to impose the sanctions on those taking part in "malicious cyber-enabled activities". Comparatively few applauded the tariffs. Companies such as Cisco and Hewlett-Packard say tariffs on Chinese networking equipment w...

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  • Canada trade talks restart, tackle 'final' issues
Canada trade talks restart, tackle 'final' issues

In addition, news is awaited from US-Canada talks on a revamped NAFTA while financial turmoil in Argentina and Turkey remains a worry, as do figures released Thursday showing an unexpected fall in German industrial orders in July. "On balance, a shift to a faster pace of rate hikes seems more likely than any kind of pause", said Adam Button, a cu...

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  • Japan: Two killed after 6.7-magnitude natural disaster hits Hokkaido island, triggers landslides
Japan: Two killed after 6.7-magnitude natural disaster hits Hokkaido island, triggers landslides

Suga said authorities were doing their utmost to rescue and assess damage after receiving hundreds of calls about people missing and buildings collapsing. It had been hoped that power would be restored in hours and some electricity gradually returned but damage to generators at the plant means it may take more than a week before it is back up, Mr S...

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  • Student poster prank in Texas McDonald's goes unnoticed for nearly two months
Student poster prank in Texas McDonald's goes unnoticed for nearly two months

The first step was making the poster. Maravilla was wearing his McDonald's shirt to blend in. Brynn Shuller of Burbank, Calif., tweeted that she and her friends slipped photos of themselves into picture frames for sale at a Walmart. They pulled off the prank on 13 July and the poster has been up ever since. "We put adhesive on the back so it ...

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  • Quentin Palfrey Wins Mass. Democratic Primary For Lieutenant Governor
Quentin Palfrey Wins Mass. Democratic Primary For Lieutenant Governor

The 63-year-old Lynch is a former union ironworker and grew up in South Boston. Capuano conceded to Pressley a little more than an hour after polls closed. She'll face Geoff Diehl, a state representative who served as co-chairman of President Donald Trump's 2016 campaign in the state and defeated two other Republicans for his party's nomination...

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  • Amazon becomes the country's second $1 trillion company
Amazon becomes the country's second $1 trillion company

Amazon's shares are up 75 percent from the beginning of the year. Shares in the world's largest online retailer last traded up 1.4% at $2,041.68. It began the day needing just over $18bn worth of net value to reach $1trn - a month after Apple won the race to be the first company with such a market capitalisation.

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  • Amazon market value tops $1tn
Amazon market value tops $1tn

Bezos became the world's richest man in the process, with a net worth estimated at more than $140bn. Amazon's stock value briefly topped $1 trillion on Tuesday, a little over a month after Apple crossed the same milestone . Inc on September 4 joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock pr...

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