Money

Huawei ships 95m smartphones in H1, sees fastest growth in Europe

Huawei ships 95m smartphones in H1, sees fastest growth in Europe According to a report from Sigmaintell Consulting, in the first half of this year, Huawei shipped 25.4 million devices having a notched display, making it the leading smartphone manufacturer to ship phones with a notched display. Huawei forecasts smartphone shipments beyond 200 million in 2018. "The continued growth of Huawei is impressive, to say the least, as is its ability to move in... [Full Article...]

Secretary of State Pompeo Meets with Turkey's Foreign Minister in Singapore

Secretary of State Pompeo Meets with Turkey's Foreign Minister in Singapore U.S. media reported there had been a deal with Turkey to free Brunson after Washington's ally Israel released a Turkish woman held on terror charges. Mr. Erdogan's government also alleges the Mr. Brunson has ties to a Turkish preacher now living in exile in the US whom Ankara accuses of fomenting the coup. [Full Article...]

China to Respond If US Provokes Escalation of Trade War - Foreign Ministry

China to Respond If US Provokes Escalation of Trade War - Foreign Ministry A Chinese foreign ministry spokesman had earlier called on Washington to "come to its senses" and settle the dispute. "And the best news, I think, is we are coming together with the European Union to make a deal with them, so we'll have a united front against China and, I think, most of our trade team would tell you, we're moving close on Mexico ..." In Beijing Chinese foreign ministry spo... [Full Article...]

FCA complains against Mahindra over Roxor - Jeep similarity

FCA complains against Mahindra over Roxor - Jeep similarity MANA is part of the $19 billion Mahindra Group and recently opened a new NA Automotive headquarters and manufacturing center in Auburn Hills. The compliant filed on August 1 at US International Trade Commission claims Roxor to have violated key elements of Jeep such as the boxy body structure with flat vertical sides and rear body ending with the same height as the bonnet. [Full Article...]

US, EU: Officials Differ on Whether Agriculture Was Discussed

US, EU: Officials Differ on Whether Agriculture Was Discussed Last week, the Trump administration announced its plan to help US farmers weather the economic fallout of Trump's trade war. USA farmers have been hard hit by China's retaliatory tariffs on U.S. The EU is already purchasing more soybeans from the USA since the June price decline and there are no EU import restrictions on US soybeans which can be removed that could lead to enhanced trade. [Full Article...]

Molson Coors partnering with Quebec pot producer Hydropothecary to develop cannabis beverages

Molson Coors partnering with Quebec pot producer Hydropothecary to develop cannabis beverages Hydropothecary would own the rest. Molson Coors will retain a controlling interest in the joint venture, and the deal is expected to close before September 30. Molson Coors Canada is headquartered in Toronto and is indeed North America's oldest brewer, with sales that capture about one-third of the total Canadian beer market, selling brands like Coors Light, Belgian Moon, Molson Canadian, and... [Full Article...]

Apple’s Stock Value Reaches $1 Trillion Total

Apple’s Stock Value Reaches $1 Trillion Total The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007. Apple's stock was up 17.5 per cent in 2018 through Wednesday; it needed to grow 19.9 per cent to get to $1 trillion. [Full Article...]

China Plans Tariffs on $60 Billion of Imports to Counter Trump

China Plans Tariffs on $60 Billion of Imports to Counter Trump The Trump administration ramped up pressure for trade concessions from Beijing this week by proposing a higher 25 per cent tariff on $270 billion worth of Chinese imports. He has previously warned he is prepared to "go to 500", a reference to the £384bn ($500bn) worth of goods Chinese firms sold to the USA past year. Beijing's earlier round of tariffs appeared created to minimize the impact on ... [Full Article...]

Opposition parties blast minister for 'dangerous' EpiPen shortage, demand a fix

Opposition parties blast minister for 'dangerous' EpiPen shortage, demand a fix Medical professionals are warning that there will be a shortage of EpiPens for adults in the month of August. The EpiPen and EpiPen Jr. for children deliver epinephrine to patients who are susceptible to anaphylactic shock. The EpiPen (0.3 mg) is expected to be very limited at pharmacies, and will "likely be depleted in the coming days or weeks", according to a statement from Health Canada... [Full Article...]

Federal Reserve keeps interest rates unchanged, calls economic activity 'strong'

Economic activity has been "rising at a strong rate", and the unemployment rate "has stayed low", the Federal Open Market Committee said Wednesday in a statement released in Washington . The Fed is slowly raising its base interest rate, known as the federal funds rate, as America pulls further away from the financial crisis. Many expect the central bank to raise rates next month. [Full Article...]

Chipotle gives away free guacamole on National Avocado Day

Chipotle gives away free guacamole on National Avocado Day Here's where you can get discounted guacamole and more! But because we live in a soul-sucking capitalist society, this isn't a situation where you can just walk in and say, "Hey!" Before you finalize your order you must enter the coupon code AVOCADO . [Full Article...]

United States may slap China with higher tariffs, Beijing vows to retaliate

So what does the Chinese side think of the U.S.'s proposed escalation? The development heightened fears over the risk of a full-blown trade war between the world's two largest economies. Officials have cautioned that a specific timetable, the issues to be discussed and the format for talks aren't finalized, but added there was agreement among the principals that more discussions need to take pla... [Full Article...]

Google Considering Censored Search Engine for Return to China

Google Considering Censored Search Engine for Return to China The news emerged in a piece from The Intercept , which obtained documents about an internal Google project to relaunch a search service in mainland China, complete with government censorship. However, it looks as though Google is now willing to accept censorship in return for access. Beijing denied that it had been involved in the attacks, but the incident sparked a political fight with Washin... [Full Article...]

BusinessWeek Had The Best Joke About Apple Becoming A Trillion Dollar Company

BusinessWeek Had The Best Joke About Apple Becoming A Trillion Dollar Company If you invested $10,000 (roughly Rs. 6.9 lakhs) in Apple when it first sold publicly traded stock at its initial public offering price of $22 (roughly Rs. PetroChina , the world's fourth biggest oil company by revenue, was the first company to pass the $1tn mark in 2007. The executive claimed divisions in Greater China and Japan saw an over 20% rise. [Full Article...]

Coles sets August 29 deadline for handout of free reusable plastic bags

Coles sets August 29 deadline for handout of free reusable plastic bags The supermarket giant on Wednesday chose to provide its thick, reusable plastic bags for free indefinitely, instead of charging 15¢ each as part of its program to get shoppers to switch from using single-use plastic bags. "What about the people who actually go and do the shopping and who have said to Coles, "No, we want our plastic bags". But Coles and rival Woolworths have faced major backlash ... [Full Article...]

Tesla posts Q2 earnings: Revenue hits all-time high of $4 billion

Tesla posts Q2 earnings: Revenue hits all-time high of $4 billion Despite the higher loss, Tesla shareholders gave the company and its founder Elon Musk a pass, with Tesla's stock rising as much as 13% to $335.28 a share. The sedan that was central to the company's mission since its founding in 2003 - to bring electric vehicles to the masses - has picked up the pace in recent months, with the carmaker expecting to build as many as 55,000 units this quarter. [Full Article...]

Bond yields drop as Bank of Japan remains dovish

Bond yields drop as Bank of Japan remains dovish Following a two-day policy meeting, the Japanese central bank chose to maintain its target level for the yield on the 10-year government bond at around zero percent, but said the yield "may move upward and downward to some extent". As the side effects of its policies piled up, the central bank faced pointed questions about how long it could keep them in place. Overall purchases of exchange-trade... [Full Article...]

Turkey threatens to retaliate against any USA sanctions over detained pastor

Turkey threatens to retaliate against any USA sanctions over detained pastor Interested in Turkey? Add Turkey as an interest to stay up to date on the latest Turkey news, video, and analysis from ABC News. The Treasury Department will place sanctions on Turkey's minister of justice and minister of interior, White House Press Secretary Sarah Sanders confirmed at a press briefing. [Full Article...]

Parasite scare sparks recall for salads, wraps sold at Trader Joe's, Walgreens

Parasite scare sparks recall for salads, wraps sold at Trader Joe's, Walgreens They are being recalled amid fears of Cyclospora contamination from chopped romaine sold to Caito Foods from their lettuce supplier, Fresh Express. The products were produced between July 12 and July 18, and contain a "best by" date ranging from July 18 to July 23. [Full Article...]

Uber Shuts Down Controversial Self-Driving Truck Unit

Uber Shuts Down Controversial Self-Driving Truck Unit Apparently, it's not the end of the line for Uber's self-driving trucks. Controversy was aroused when it purchased Otto , a self-driving truck startup founded by a former Google engineer, in 2016. Levandowski had been laid off from Uber before the trial started. While it's abandoning the self-driving truck project, Uber will try to build its Uber Freight business - also called " Uber ... [Full Article...]


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