Money

Canada's Foreign Minister Optimistic About New Trade Deal

Canada's Foreign Minister Optimistic About New Trade Deal Canadians are stunned by the repeated broadsides from what had always been their closest ally and some have even begun boycotts. "It would be the end of the family farm here in Ontario and in Canada ", Sleeth said . Under the new deal with Mexico, 40 per cent to 45 per cent of auto content would have to be made by workers making more than US$16 per hour, a condition that favors the USA and Can... [Full Article...]

Nigeria’s GDP shrinks from 1.95% to 1.5% in Q2 -NBS

Nigeria’s GDP shrinks from 1.95% to 1.5% in Q2 -NBS Also, Agriculture grew by 1.19 percent year on year, 181 bps and 182 bps lower than growth rates recorded in first quarter of 2018 and second quarter of 2017 respectively. Largely dependent on its rich crude reserves, Nigeria's economy began climbing out of its first recession in 25 years in 2016 as President Muhammadu Buhari's government implemented the early stages of a turnaround plan. [Full Article...]

Amazon opens its second checkout-free Go store in Seattle

Amazon opens its second checkout-free Go store in Seattle Also unlike the pilot store, this second Amazon Go location doesn't have an on-site kitchen. Customers who have the Amazon Go app installed on their smartphones can use it to swipe a code on the way in. The store is at Fifth Avenue and Marion Street, a mile from the first one near the Amazon Spheres. Otherwise, the products are similar, with ready-to-eat breakfast, lunch, dinner, and snack opt... [Full Article...]

Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark Musk soon responded to this "You don't think it's odd he hasn't sued me?" Musk tweeted . "He was offered free legal services". Buzzfeed News reports that Unsworth and his legal team are "preparing a civil complaint for libel" against Musk, who infamously referred to the diver as "pedo guy" after he dismissed the Tesla CEO's proposal to use a submarine to rescue the children as a "publicity ... [Full Article...]

Over 99 per cent of demonetised notes back with RBI

Over 99 per cent of demonetised notes back with RBI On November 8, 2016, when the demonetisation process kicked-in, currency notes of denominations of Rs 1,000 and Rs 500 (SBNs), valued at Rs 15.4 lakh crore and constituting 86.9 per cent of the value of total notes in circulation were demonetised (scrapped). [Full Article...]

Warren Buffett's Berkshire Hathaway is entering a $1 trillion market in India

Warren Buffett's Berkshire Hathaway is entering a $1 trillion market in India ET had also reported that the investment is being led by Todd Combs, one of the fund managers at Berkshire who is a contender for the CIO position at the firm. Meanwhile, Buffett will be hoping to get second-time lucky on his India bet - Berkshire had forayed with a much fan-fare into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General in 2011 but was compelled t... [Full Article...]

Trump Announces New U.S.-Mexico Trade Agreement

American and Mexican negotiators worked through the weekend to forge an agreement on key issues related to the automotive industry. "It will either be a tariff on cars, or it will be a negotiated deal", he said . From Canada's perspective, then, there may be a good reason to quickly sign on to this new NAFTA: It's a lot like the old NAFTA. US Trade Representative Robert Lighthizer said the ... [Full Article...]

Toyota to invest $500 mil in Uber

Toyota to invest $500 mil in Uber The investment round values Uber at $US72 billion ($98 billion), The Journal said. Reports surfaced earlier this month that Uber investors told the company it should consider selling off its self-driving vehicle unit due to the substantial losses the project has racked up. [Full Article...]

Trump's new trade deal with Mexico doesn't include Canada

Trump's new trade deal with Mexico doesn't include Canada But first, he said, he would give Canada a chance to get back in - "if they'd like to negotiate fairly". He also threatened to tax Canadian auto imports to increase the pressure on Canada's government. The U.S. and Mexico are hoping to get a final deal signed before Mexican President Enrique Peña Nieto leaves office on December 1. How quickly Canada will rejoin talks remains unclear, Canada's ... [Full Article...]

Trump Organization finance chief 'gets immunity' in Cohen probe

Trump Organization finance chief 'gets immunity' in Cohen probe Trump has routinely denounced the probe as a "witch hunt". A source told Fox News that Weisselberg's immunity agreement was related to the grand jury probe into Cohen's personal business dealings, including his hush money payments to two women, Stormy Daniels and Karen McDougal , who allege they had affairs with Trump . [Full Article...]

Mexican farmers claims Volkswagen 'hail cannons' caused drought

Mexican farmers claims Volkswagen 'hail cannons' caused drought According to a report by Jalopnik, the factory uses massive cannons to destroy hail in the atmosphere before it can form and rain down on the factory and its new cars. It also pledged to invest in protective mesh to serve as its first line of defense against hail. It installed the cannons earlier this year, and says moving forward they will only be used in manual mode to complement the anti-hail... [Full Article...]

Alipay bans accounts affiliated with OTC Bitcoin trading

Alipay bans accounts affiliated with OTC Bitcoin trading Alibaba's financial wing Ant Financial is working together with Chinese regulators to crack down on peer-to-peer cryptocurrency trading using its Alipay mobile app. Alipay consistently sees trading accounts issuing transactions involving cryptocurrency, and numerous accounts disguise their real intent in codewords and double-speak. [Full Article...]

Mexico and U.S. near resolution on issues holding up talks — NAFTA

Mexico and U.S. near resolution on issues holding up talks — NAFTA During his campaign and the early part of his administration, Trump blamed Mexico for illegal immigration and drug trafficking into the U.S., insisting they spend an estimated $25 billion on a border wall, and decrying the United States' trade deficit with Mexico, calling NAFTA "the worst trade deal in history". [Full Article...]

Chinese ride-hailing service Didi Chuxing to suspend carpool after woman killed

Chinese ride-hailing service Didi Chuxing to suspend carpool after woman killed Uber Technology's main Chinese rival, Didi Chuxing, says it is acquiring the U.S. ride-hailing service's China operations, linking the companies in a business alliance after a costly battle for market share. Didi is the biggest ride-sharing firm globally by number of trips. The driver was arrested Sunday, according to media reports . "You've had so many incidents", an unnamed family member of... [Full Article...]

World Bank to settle A$100M blockchain bond this month

World Bank to settle A$100M blockchain bond this month There have been several proposals before too, but according to CBA , the World Bank bond has been the first one until now whose capital is elevated by public investors and with the help of legally effective bond issuance. CBA will exclusively arrange and issue the bond. The World Bank issues between US$50-US$60 billion annually in bonds for sustainable development. [Full Article...]

"Smells like toilet": the Daughter of Steve jobs explained his memoir

As reported by The New York Times , Lisa writes about how her father refused to put heating in her bedroom, how Jobs commented negatively on the way she smelled, and even recounts a story of her father having an awkward sexual moment in front of her. [Full Article...]

Oil rises as USA sanctions on Iran cloud supply outlook

Oil rises as USA sanctions on Iran cloud supply outlook India imports nearly 10% of its crude oil requirements from Iran and is in negotiations with the United States for a sanctions waiver by offering to partly cut its purchases from the republic. Changes in the rig count serves as an indicator of future production trends. Hedge funds and other money managers cut their bullish wagers on USA crude futures to the lowest level since mid-June. [Full Article...]

As Trump goes low, Fed goes high

As Trump goes low, Fed goes high Powell's remarks at Jackson Hole affirmed the Fed's plan to raise rates at least to neutral levels - a level which is neither expansionary nor contractionary. In his highly anticipated Friday address on the heels of a record-setting stock market week, Powell noted that while the USA economy is strong, the Fed is working to find a balance between the "shoals of overheating and premature tightenin... [Full Article...]

Money and loyalty: A look inside dramatic Trump-Cohen rift Trading Ideas

Money and loyalty: A look inside dramatic Trump-Cohen rift Trading Ideas The Wall Street Journal first reported Weisselberg's immunity deal. The news comes a day after it surfaced that David Pecker , chairman of the company that owns the National Enquirer and a longtime friend of President Trump , and American Media Inc. [Full Article...]

Amazon workers are being paid to defend the company on Twitter

Amazon workers are being paid to defend the company on Twitter For over the past week, the " Amazon FC Ambassadors" have been on Twitter, defending the company against accusations that the e-commerce giant has been treating its workers poorly. But if you were really interested in finding out what's really happening at Amazon fulfillment centers, you can apparently go tour a warehouse. An undercover author has also published a book , documenting the allege... [Full Article...]


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