Markets

by | September 17, 2018 | 16:26

Amazon founder Jeff Bezos said on Thursday that he will commit US$2 billion to helping homeless families and starting pre-schools for low-income communities, Reuters reports. "Thousands of Amazon workers have to rely on food stamps, Medicaid and public housing to survive", Sanders tweeted earlier this month. The Day 1 Academics Fund plans to launch and operate a network of high-quality, free Montessori-inspired preschools in underserved communities.

by | September 17, 2018 | 15:30

While officially still defiant on the USA demand to cut oil imports from Iran to zero before the November 4 deadline or face sanctions, New Delhi is hustling to find ways around the impending crisis, which involves not just India's energy needs, but also the strategic port of Chabahar, which India is helping develop as a gateway into Afghanistan.

by | September 14, 2018 | 20:45

There is no clear deadline set for the talks, but optimism remains that an agreement can be reached this month. U.S. President Donald Trump has threatened to push ahead with a bilateral deal with Mexico, effectively killing the nearly 25-year-old three-country NAFTA pact, which covers $1.2 trillion in trade.

by | September 12, 2018 | 16:31

Some devices solved this power drain by the inclusion of a dimmer grayscale mode - which displays only the time and uses less power - when the devices are not being actively used. Separately, 9to5Mac contributor Guilherme Rambo, who has been digging into the watchOS 5 beta, has discovered references to the Series 4's resolution.

by | September 11, 2018 | 18:10

The current price hike across the country, is a result of multiple factors including the global geopolitical situation, a diving rupee, but most importantly, the government's unrelenting tax regime and the silence of its ministers over the issue.

by | September 10, 2018 | 18:53

During his speech Friday, Obama warned that there are "dire" consequences to staying on the political sidelines, adding that "powerful and privileged" people want to "keep us angry". "I found that he's very, very good for sleeping". In unusually direct terms, he made clear his concerns about politics in the Trump era and implored voters - especially young people - to show up at the polls in the November midterm elections.

by | September 09, 2018 | 07:42

An ex-Tesla employee who says she was sacked for testing positive for THC, the ingredient found in marijuana, called CEO Elon Musk's decision to smoke marijuana during an interview a "slap in the face". Tesla shares dropped sharply Friday after the electric-car company disclosed that its chief of accounting was leaving the company only weeks after coming aboard.

by | September 08, 2018 | 22:44

China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute.

by | September 07, 2018 | 20:08

The airline said in a statement on Thursday that its website and app were compromised from August 21 until 9:45 p.m. on Wednesday. British Prime Minister Theresa May's spokeswoman said the Government was aware of the cyberattack and authorities were working to better understand the incident.

by | September 06, 2018 | 05:12

USA crude oil hasn't traded at $95 a barrel in since 2014, but this is the year that could change. The sharp increase was linked to mounting concerns that falling Iranian output could tighten markets once US sanctions bite from November.

by | September 03, 2018 | 23:55

Trump on Friday formally informed Congress of his intent to enter into a trade deal with Mexico , with the notice adding the administration hopes Canada would be added to the new pact later. Freeland tried to brush off the controversy. "He has brought good faith and good will to the table". He hasn't come up with an infrastructure program that could put a lot of us back to work.

by | September 03, 2018 | 21:29

The initiative involves hundreds of projects, a lot of them built by Chinese contractors and financed by loans from Chinese state-owned banks, across an arc of 65 countries from the South Pacific through Asia to Africa and the Middle East. The number of Chinese tourists to Africa is rapidly growing as African countries are trying to attract more visitors from China. The annual ministerial meeting was held ahead of the 2018 Beijing Focac Summit which officially opens today.

by | September 01, 2018 | 19:27

But the clock is ticking on the North American Free Trade Agreement . Foreign Affairs Minister Chrystia Freeland will head to Washington today (Tuesday) to re-join face-to-face negotiations with the United States and Mexico on the future of the North American Free Trade Agreement ( NAFTA ).

by | August 29, 2018 | 09:00

As part of a pact, Toyota will manufacture Sienna vehicles equipped with Uber's self-driving technology, and another company will operate the fleet, said the person. However, this partnership is unique as the vehicles won't be owned or operated by either company. Traders appeared to welcome the news, pushing Toyota stock up 1.86 percent to 7.096 yen, outperforming the wider market which was 0.64 percent higher.

by | August 29, 2018 | 01:32

Donald Trump has said that he could go ahead without Ottawa in the new agreement . Larry Kudlow, the director of the president's National Economic Council, and Commerce Secretary Wilbur Ross, said in separate interviews today that concessions from Canada on dairy are essential to getting a deal by Friday.

by | August 28, 2018 | 19:54

Mexican President Enrique Pena Nieto said he spoke to Canadian Prime Minister Justin Trudeau and emphasized to him "the importance of his reinstatement in the process in order to conclude a trilateral negotiation". Noticeably absent from the agreement was Canada, one of America's top trading partners. "A lot of people are viewing this as a negative but I don't see that at all", he told AFP.

by | August 28, 2018 | 13:39

Trump tweeted on Saturday morning that the United States' "relationship with Mexico is getting closer by the hour. Ohio-based trade lawyer Dan Ujczo said the bilateral U.S. Yet certain US demands that affect all three NAFTA nations remain unresolved and could still be deal breakers. He believes the White House will want to lock down a deal soon to ensure it's completed before the incoming Mexican government takes office on December 1.

by | August 26, 2018 | 23:12

The U.S. dollar stanched a six-day losing streak on Thursday as a new round of punitive U.S. It has also notched up braod gains over the Russian Rouble and Brazilian Real as well as a host of Asian currencies. The Federal Reserve chairman has defended the central bank's approach of gradually raising interest rates, after direct criticism from Donald Trump .

by | August 26, 2018 | 23:02

The Santa Clara County Fire Department says Verizon slowed its internet communications at a wildfire command centre three weeks ago, crippling the emergency communications truck's data speeds and forcing firefighters to use other agencies' internet connections and their personal cellphones.

by | August 26, 2018 | 20:51

In US oil markets, a decline in commercial crude inventories provided WTI with stronger support than Brent. "With countries including China and India unwilling to completely cut Iranian oil imports, and with the European Union also refusing to endorse the withdrawal from Iran nuclear deal, the USA finds itself in a compromising position to negotiate with Iran's customers to reduce oil imports", the statement added.