Money

China imposes retaliatory tariffs on $60bn in US goods

China imposes retaliatory tariffs on $60bn in US goods But China said it would turn down the offer if the United States went ahead with more tariffs. Trump has already imposed 25 per cent tariffs on US$50 billion (NZ$76 billion) in Chinese goods. All of the items in Lam's letter were included in the final list. Some Apple products, including its MacMini, will still be affected, CNBC reported on Monday, citing a list of products that will be ... [Full Article...]

China vows to retaliate after Trump’s $200 billion tariff hit

But Beijing has other ways to retaliate. In a statement announcing the new round of tariffs, Mr Trump warned that if China takes retaliatory action against USA farmers or industries, "we will immediately pursue phase three, which is tariffs on approximately $267bn of additional imports". [Full Article...]

Trump escalates trade war, sets new tariffs on $200B in Chinese goods

Trump escalates trade war, sets new tariffs on $200B in Chinese goods President Trump opened up a new front his trade war with China by announcing plans to slap tariffs on $200 billion worth of Chinese-made goods. Tariff rate on $200 bln list will start at 10%, go up to 25% at end of year. The president says he's under no pressure to make a deal with China, but rather China is under pressure to make a deal with the U.S. Apple had said the United States tariff... [Full Article...]

Meredith Corp to sell Time media brand to Marc and Lynne Benioff

Meredith Corp to sell Time media brand to Marc and Lynne Benioff Media giant Meredith Corporation has agreed to sell Time Magazine for $190 million, The Wall Street Journal reported Sunday. Mr Benioff is the co-chief executive and co-founder of United States cloud computing business Salesforce, which is primarily known for its customer relationship management software. [Full Article...]

Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank

Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank He added,"No employee will face any service conditions which are adverse in nature". The government had initiated numerous reforms over the last four years, especially with respect to banking and to ensure clean lending process, he said. What also needs to be seen is whether the merger will be effective in wiping out the mountain of bad loans that now weighs down the performance of nearly all publ... [Full Article...]

USA ‘to spare some Apple goods’ from latest China tariffs

A White House statement said tariffs would start at 10 percent and go into effect in a week, on September 24, before kicking into full gear at 25 percent at the start of the new calendar year. "We must strive for American ownership of American companies in China". The statements come as relations between the United States and China appear to strain. [Full Article...]

Coca-Cola Is in Talks to Make Marijuana-Infused Drinks

Coca-Cola Is in Talks to Make Marijuana-Infused Drinks The company reportedly is in talks with Canada's Aurora Cannabis to develop the drinks. Wells Fargo analyst Bonnie Herzog called the news "an exciting potential development" as it would take Coke into another fast-growing healthier segment following last month's $5.1 billion deal for Costa Coffee and expand cannabis-infused drinks in the area of functional wellness products. [Full Article...]

Berry contamination hits Western Australia

Berry contamination hits Western Australia At least 11 people across six Australian states have reported seeing needles in their strawberries , although majority spotted the contamination before swallowing the fruits. The latest incidents reported were the discovery of needles in three strawberries in a single punnet. Queensland Opposition Leader Deb Frecklington said she found the issue deeply concerning. [Full Article...]

Salesforce co-founder Benioff buys Time Magazine for $190 million

The prospective sale is expected to close within 30 days. However, the Benioffs said they're hopeful given Time's large audience and expanded online presence. " Time has always been a trusted reflection of the state of the world, and reminds us that business is one of the greatest platforms for change". The announcement by Meredith said that the Benioffs would not be involved in the day-to-... [Full Article...]

$100k reward to catch those spiking strawberries with needles in Australia

Mr Hunt said the "vicious crime" was not only created to injure or kill members of the public, it was also an attack on the agricultural sector. An update on the investigation was released amid what authorities said was thought to be a "copycat incident" and provided a photo in relation to it. [Full Article...]

Needle in Strawberry Sends Young Man to Hospital

Needle in Strawberry Sends Young Man to Hospital Why would you risk it if it could have been tampered with in ways which are more than just needles, especially considering that you could simply return them in exchange for a fresh punnet?' said another. NewsRegional has contacted the woman and Coles for further information. "[Woolworths] takes food safety very seriously", a spokesperson for Woolworths said. [Full Article...]

Canada cannabis entrepreneurs 'could face U.S. lifetime ban'

Canada cannabis entrepreneurs 'could face U.S. lifetime ban' Todd Owen, the executive assistant commissioner for the Customs and Border Protection's Office of Field Operations, told Politico in a report published on Thursday that Canadians who work in the industry and travel into the USA could face a lifetime ban. [Full Article...]

Florence is about to make landfall in N Carolina

Florence is about to make landfall in N Carolina Nuclear Regulatory Commission, with inspectors on-site, remains informed of our plans regarding plant shutdown". As a precaution, the power plant's reactor (s) must be shut down at least two hours before the storm's strongest winds arrive. The two reactors at the site, which entered service in 1975 and 1977, are of similar design to some of the reactors damaged at the Fukushima nuclear plant in J... [Full Article...]

Australia offers reward amid mystery strawberry needle scare

Strawberries have been stripped from supermarket shelves and growers are dumping tonnes of their crop as police in Australia hunt for an individual putting sewing needles in the fruit. Earlier this week, Queensland premier Annastacia Palaszczuk issued a $100,000 reward over concerns for growers as well as consumers. The latest contaminated batch was detected in Woodville, outside Newcastle ... [Full Article...]

BMW’s Self-Riding Motorcycle Will Mess With Your Mind

BMW’s Self-Riding Motorcycle Will Mess With Your Mind As with the development of its autonomous motorcycles, BMW Motorrad here too has utilised synergies with BMW automobiles - this manufacturing process has already made its way into series production for various vehicles. In Munich, safety researchers have been using the autonomous motorcycle to test out features for its real motorcycles to handle unsafe situations. Pushing its curiosity for mot... [Full Article...]

Oil has steepest drop in a month as economic concerns threaten demand

Oil has steepest drop in a month as economic concerns threaten demand Meanwhile, Hurricane Florence is set to park above the Carolinas coastline, threatening fuel markets along the US East Coast. Further dashing USA hopes of crushing Iranian oil exports have been recent announcements from Iran's top two customers, China and India , that they would continue to import Iranian crude despite the looming threat of us sanctions. [Full Article...]

No import of Australian strawberry brands with needle contamination: AVA

Police believe it may be the work of a former employee. On Friday evening, the NSW Police Force said it believed the contamination may affect up to six brands of strawberries - Berry Obsession, Berry Licious, Love Berry, Donnybrook Berries and Oasis. [Full Article...]

'PREPARE TO DIE': Leftists' Heads Explode Over Trump Alert

'PREPARE TO DIE': Leftists' Heads Explode Over Trump Alert The messages will bear the headline "Presidential Alert", the Federal Emergency Management Agency (FEMA) said in a statement this week. If you can't remember this happening before-you're correct. Donald Trump may be texting your cell phone next week and it won't be to send a political message or bash his adversaries. The system is normally used to send out an Amber Alert or a severe weather... [Full Article...]

Turkey central bank surprises markets with big rate hike

Turkey central bank surprises markets with big rate hike US producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years and denting talk of accelerating inflation following Friday's strong wage data. Washington is pressing Turkey to release a detained American pastor. "If you say 'inflation is cause, the rate is the result", you do not know this business, friend, ' he added. [Full Article...]

Italian man jailed for fake TripAdvisor reviews

Italian man jailed for fake TripAdvisor reviews In one of the first cases of its kind, a court in Lecce in the southern region of Puglia ruled that writing fake reviews under a false identity is a criminal offence. The company said since 2015 it had thwarted 60 different paid review companies across the world. TripAdvisor employs a dedicated team of investigators, who use advanced tracking technology to catch paid review companies and pre... [Full Article...]


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