Google Fined a Record $5 Billion for Antitrust Violations

The EU is also now investigating Google in another antitrust case relating to its AdSense service. Specifically, the commission said Google used illegal practices regarding Android devices to bolster its dominant position in the search engine mar... More..

by | Published 2 days ago
Approached By Lawyers Over Elon Musk's Comments: British Caver
by | Wednesday, July 18, 2018

Approached By Lawyers Over Elon Musk's Comments: British Caver

Musk remarked that diver Vernon Unsworth was a " pedo " in a tweet that has since been deleted. He said that the child-sized submarine Musk provided during the rescue operation " had absolutely no cha...More..

China vows 'firm and forceful measures' for $200 billion US tariff threat
by | Sunday, July 15, 2018

China vows 'firm and forceful measures' for $200 billion US tariff threat

The Chinese government said the USA move was "totally unacceptable" and it is highly likely that a new retaliatory response will be prepared in Beijing , raising the potential harm to both countries' economi...More..

'Gang of Hoodlums' - Words Fly As U.S.-China Trade War Begins
by | Saturday, July 07, 2018

'Gang of Hoodlums' - Words Fly As U.S.-China Trade War Begins

While the Trump administration has tailored its tariffs to target certain Chinese goods that will not directly affect many American consumers, products including machinery and engine parts, China's tariffs sq...More..

by | Wednesday, July 04, 2018

European Union warns Trump that raised vehicle import tariffs would hurt US

According to a report in the Financial Times , a letter sent by the European Commission to the US Department of Commerce says the EU could hit $300 billion - the equivalent of well over R4 trillion - of US g...More..

by | Tuesday, July 03, 2018

U.S. will 'absolutely' sanction European companies that do business with Iran

Oil prices had risen on Friday on worries that United States sanctions against Iran would take away significant volumes of crude oil from world markets while oil demand worldwide increases. Trump threatened i...More..

Kicked Out Of Toys R Us On Its Last Day?
by | Saturday, June 30, 2018

Kicked Out Of Toys R Us On Its Last Day?

The iconic mascot was pictured in an empty store with his suitcase after spending decades surrounded by children playing with toys. After declaring bankruptcy in September, the chain in March sought a ban...More..

President warns Harley-Davidson: 'We won't forget'
by | Thursday, June 28, 2018

President warns Harley-Davidson: 'We won't forget'

The president had earlier warned that any shift in production "will be the beginning of the end". The Aura will be gone and they will be taxed like never before! Brown has a reputation for his strong, prote...More..

Harley-Davidson moving US production over European Union tariffs
by | Tuesday, June 26, 2018

Harley-Davidson moving US production over European Union tariffs

Moving production overseas is expected to require nine to 18 months, so in the near-term Harley-Davidson will absorb the costs of European Union tariffs , the company said in a regulatory notice. Quartz r...More..

Why the Online Sales-Tax Ruling May Have Limited Impact
by | Sunday, June 24, 2018

Why the Online Sales-Tax Ruling May Have Limited Impact

The Supreme Court decision ruled local governments can now decide if an online retailer that sells goods into the state, that don't have a physical presence, would have to register as a dealer and collect taxe...More..

Online sellers consider how to comply with sales tax ruling
by | Sunday, June 24, 2018

Online sellers consider how to comply with sales tax ruling

The situation varies, depending on the state, but in Illinois, Amazon and other internet-based sellers collect the sales tax while firms without a presence are not required to do so. The Government Accountabili...More..

Canadians able to buy recreational cannabis in October
by | Saturday, June 23, 2018

Canadians able to buy recreational cannabis in October

The Cannabis Act passed its final hurdle on Tuesday in a 52-29 vote in the Senate. Although the Canadian government had initially stated its intent to implement by July 2018, provinces and territories, wh...More..

Is Saudi Arabia's Inclusion In MSCI Overhyped?
by | Saturday, June 23, 2018

Is Saudi Arabia's Inclusion In MSCI Overhyped?

The MSCI emerging market index includes South Korea. The index provider says it makes its decisions in part based on investor experiences of accessibility, in addition to the presence of regulatory frameworks...More..

Trump threatens China with new tariffs on another $200 billion of goods
by | Saturday, June 23, 2018

Trump threatens China with new tariffs on another $200 billion of goods

With the world's two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing's "unacceptable" move t...More..

China accuses U.S. of trade ‘abuses’ as India hits back at Trump
by | Friday, June 22, 2018

China accuses U.S. of trade ‘abuses’ as India hits back at Trump

India finalized its decision during a week when the global trade war escalated, with the United States enacting $50 billion in tariffs on Chinese goods, and the European Union imposing $3 billion in levies ...More..

Pradhan Says He Will Ask OPEC For 'Responsible' Crude Oil Pricing
by | Friday, June 22, 2018

Pradhan Says He Will Ask OPEC For 'Responsible' Crude Oil Pricing

Tankers waiting to load more than 24 million barrels of crude, nearly as much as state producer PDVSA shipped in April, are sitting off the Opec member's main oil port. 'Opec typically put aside political rival...More..

Dollar and stocks drop as Trump hits China with tariffs
by | Sunday, June 17, 2018

Dollar and stocks drop as Trump hits China with tariffs

The common currency shed 1.9% to the dollar after the rate comments, in its sharpest daily fall in the nearly two years since the Brexit vote shock in 2016. Draghi said it would be "subject to incoming data", a...More..

Elon Musk's Company To Build Chicago-To-O'Hare High-Speed Underground Transport
by | Friday, June 15, 2018

Elon Musk's Company To Build Chicago-To-O'Hare High-Speed Underground Transport

Elon Musk addresses reporters, alongside Chicago Mayor Rahm Emanuel , about his proposal to build a high-speed underground commuter system from Chicago's downtown Loop district to O'Hare International Airpo...More..

Pancakes to burgers: IHOP suffers backlash in name change
by | Wednesday, June 13, 2018

Pancakes to burgers: IHOP suffers backlash in name change

The company said the secret would be revealed this morning.and it's official. The move sent pancake breakfast lovers into a furore and sparked snarky broadsides from rivals already deeply rooted in the hamb...More..

Trump And Kim Arrive In Singapore For Unprecedented Summit
by | Monday, June 11, 2018

Trump And Kim Arrive In Singapore For Unprecedented Summit

Trump spoke to a group of White House reporters in Charlevoix in the Canadian province of Quebec after cutting short his appearance at the G-7 leaders' gathering. will continue to move forward on a strong basis...More..

Trump and Kim lookalikes hold ´summit´ in Singapore
by | Sunday, June 10, 2018

Trump and Kim lookalikes hold ´summit´ in Singapore

The self-proclaimed master dealmaker is facing doubts from multiple corners as he prepares to negotiate with Kim Jong Un . "My suspicion remains that he is going to try to get as much sanctions relief as pos...More..

Investigators say Tesla Autopilot sped up before fatal Model X crash
by | Friday, June 08, 2018

Investigators say Tesla Autopilot sped up before fatal Model X crash

Three seconds before the crash, the Model X sped up from 62 to 70.8 miles per hour before hitting the barrier at roughly 71 miles per hour. In March, a Tesla Model X with Autopilot engaged collided with ...More..

Microsoft sinks data centre into Scottish sea
by | Friday, June 08, 2018

Microsoft sinks data centre into Scottish sea

The Project Natick data center consists of 864 servers tightly arranged inside a shipping container that sits 12km off the coast. Microsoft is pursuing what it calls a "relevant moonshot"; projects the ...More..

by | Thursday, June 07, 2018

Mexico to impose tariffs on $3B in USA products

The list includes whisky, cheese, steel, bourbon, and pork. The tariffs range between 15% and 25%, and could raise the price of U.S. goods by that amount, cutting deeply into United States exports to its neig...More..

Russian Federation 95% compliant with OPEC+ oil output deal in May - energy minister
by | Monday, June 04, 2018

Russian Federation 95% compliant with OPEC+ oil output deal in May - energy minister

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower early Monday. For the week, WTI was on track to drop about 3 per cent, adding to last week's near 5 per cent ...More..

President Trump's early jobs tweet leads to criticism from Obama officials
by | Monday, June 04, 2018

President Trump's early jobs tweet leads to criticism from Obama officials

Larry Kudlow, the director of the president's National Economic Council, confirmed in an interview Friday on CNBC that he had told Trump on Thursday what would be in the jobs report, but that he didn't think ...More..

Dunkin' Donuts has free donuts for National Donut Day
by | Friday, June 01, 2018

Dunkin' Donuts has free donuts for National Donut Day

The organization hosts "Do Good Doughnut Parties" across the nation each year during the annual celebration. To take advantage of the National Donut Day 2018 deal at Dunkin Donuts , just purchase any bever...More..

U.S. set to impose tariffs on steel from Canada, EU, Mexico
by | Thursday, May 31, 2018

U.S. set to impose tariffs on steel from Canada, EU, Mexico

French Finance Minister Bruno Le Maire said that "Our US friends must know that if they were to take aggressive actions against Europe, Europe would not be without reaction". Traders work on the floor of the ...More..

Fraudsters Claim To Hack Two Canadian Banks
by | Wednesday, May 30, 2018

Fraudsters Claim To Hack Two Canadian Banks

The hackers say they used the algorithm to get account numbers, which allowed them to pose as authentic account holders who had simply forgotten their password. BMO also said it has notified and is working with...More..

Oil prices fall as Russia, US look to boost supplies
by | Wednesday, May 30, 2018

Oil prices fall as Russia, US look to boost supplies

USA oil got some support as US crude inventories likely fell by 1.8 million barrels last week, a preliminary Reuters poll showed on Tuesday. The fall in prices of oil for drivers has been welcome news as ...More..