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Health Secretary Jeremy Hunt has slammed businesses for issuing warnings about Brexit uncertainty . Brexiteers in Theresa May's government have warned they would be taking an uncompromising approach to European Union withdrawal as thousands marched in London yesterday in protest at Brexit.
  • Harley-Davidson Announces Overseas Move, Cites Tariffs

    Harley-Davidson Announces Overseas Move, Cites Tariffs

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    In 2017, Harley sold almost 40,000 new motorcycles in Europe, which accounted for more than 16 per cent of the company's sales previous year. Earlier in the day, multiple media outlets reported that Harley-Davidson was increasing the production of its motorcycles at overseas factories as a response to European Union tariffs .
  • Tens of thousands march in London demanding second Brexit vote

    Tens of thousands march in London demanding second Brexit vote

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    Government sources told The Times that Mrs May is set to ask the European Union for another two years of transition - extending the period before full Brexit to seven years after the public voted for it. They don't want some sort of hopeless compromise, some perpetual pushme-pullyou arrangement in which we stay half-in and half-out in a political no man's land - with no more ministers round the table in Brussels and yet forced to obey European Union laws.
  • OPEC's Increased Output Helps U.S. Shale Companies

    OPEC's Increased Output Helps U.S. Shale Companies

    Markets

    Opec agreed to a modest rise in oil production from next month but the group gave no clear targets, leaving traders guessing how much more it will actually pump. "We have an agreement for a nominal increase of 1 million barrels a day (bpd)", Saudi Energy Minister Khalid Al-Falih said after the meeting. The situation in Venezuela is volatile, with a wide range of predictions of how much further its production could slump as its industry unravels.
  • U.S. threatens European Union with auto tariffs before end of probe

    U.S. threatens European Union with auto tariffs before end of probe

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    Trump and Peter Navarro, one of his top trade advisers, have long believed that the European Union has an unfair tariff on US exports while the USA government makes it relatively easy for other countries to send their cars here. Bush. A bulk of these products figured in a list of items imported from the USA, alongside other countries. As Trump has threatened to pull out of NAFTA, Jim Polsfut, a local leader with longstanding business ties in Mexico, told me that changing the terms of trade ...
  • Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling

    Online Shopping Just Got More Expensive Thanks To New Supreme Court Ruling

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    Nebraska Retail Federation President Jim Otto applauded the ruling as a move that levels the playing field between brick-and-mortar stores, which collect sales taxes, and online retailers, which often don't. In a 5-4 vote, the court overturned the 1992 " Quill vs". States were eager to collect the estimated $13.4 billion in annual revenue they could potentially glean from charging online sales taxes.
  • Iran says OPEC won't take direction from Trump

    Iran says OPEC won't take direction from Trump

    Markets

    If we lose a million bpd of output from Venezuela and Iran in the fourth quarter, where will all these barrels come from? Falling production in Venezuela and Libya, as well as the risk of lower output from Iran as a result of United States sanctions, have all increased market worries of a supply shortage.
  • Canadian Senate Passes Bill Legalizing Recreational Cannabis

    Canadian Senate Passes Bill Legalizing Recreational Cannabis

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    Bill C-46, which passed its final vote in the Senate on Wednesday evening, was introduced alongside the Cannabis Act and will allow police to use roadside screening devices to swab the saliva of drivers to check for marijuana . We'll see the end of criminalization and we can start addressing Canada's $7-billion illegal market. Trudeau said in a tweet: "It's been too easy for our kids to get marijuana - and for criminals to reap the profits".
  • Saudi stock exchange cheers emerging market upgrade

    Saudi stock exchange cheers emerging market upgrade

    Markets

    MSCI said on Wednesday it will begin including Saudi Arabia in that classification, sharply broadening the investor base for in a move that could be supportive to Tadawul's equity market, reported Reuters. The Saudi market will probably face hurdles in retaining foreign money unless companies become more transparent, some traders said. The MSCI promotion would follow a similar move by FTSE Russell in March and be a second achievement for the kingdom, which has been implementing a series ...
  • $31m lost in S Korea crypto exchange hack

    $31m lost in S Korea crypto exchange hack

    Markets

    Now the world's 6th largest exchange , Bithumb is surely having a tough mid-week as they also requested the customers to stop payments until they are notified of the deposit at the Vittim password exchange address. Bitcoin price breaks above $6,700, $6,800 is within reach in the short-term. But it underscored the potential vulnerabilities for web-based trading and sent ripples across many cryptocurrency networks.
  • Donald Trump threatens 20% tariff on all European cars

    Donald Trump threatens 20% tariff on all European cars

    Markets

    Malmström added that if the US removes its tariffs, the European taxes would also be lifted. In two weeks, the United States will start taxing $34 billion in Chinese goods. Those personally in the line of fire are among the most concerned. The levies are in retaliation to U.S. president Mr Trump who imposed tariffs on steel and aluminium imported from the EU.
  • OPEC meeting in Vienna kickstarts today: Here's what you can expect

    OPEC meeting in Vienna kickstarts today: Here's what you can expect

    Markets

    Meanwhile, production in the U.S. remains high. Saudi Arabia Energy Minister Khalid al-Falih has warned the world could face a supply deficit of as much as 1.8 million barrels per day in the second half of the year. "We are going to change this structure (of one million bpd)", he said as the meeting kicked off. "This view leads to a small-implied stock draw in Q3 2018, followed by an inventory build in Q4 2018 which is expected to weaken prices heading into 2019 when we see an oversupply ...
  • U.S., China sink into deepening trade conflict

    U.S., China sink into deepening trade conflict

    Markets

    Miffed by Pompeo's comments, China today hit back saying that the U.S. is making allegations to cover up its unilateral protectionist policies. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index and the German DAX Index slumped by 1.1 percent and 1.2 percent, respectively.
  • Oil falls as Opec nears deal to raise production

    Oil falls as Opec nears deal to raise production

    Markets

    But according to former Exxon President Jerry Bailey, China is unlikely to risk further damaging its relationship with the U.S.by violating American sanctions. The current ratio of agreed OPEC cuts versus agreed non-OPEC cuts is around 65 percent versus 35 percent. However, questions remain over Venezuela , Libya and Angola, whose declines can not be reversed at short notice.
  • Trump threatens another $200 billion tariffs on China

    Trump threatens another $200 billion tariffs on China

    Markets

    Mr Trump recently ordered tariffs on 50 billion dollars in Chinese goods in retaliation for intellectual properly theft. The tariffs were quickly matched by China on US exports, a move that drew the president's ire. It said the Chinese government is trying to find out whether Trump has the "political strength" to carry out his threats and is pressuring US interests to force him to compromise.
  • Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

    Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

    Markets

    For its part, China said it "doesn't want a trade war " but has to "fight back strongly", a Commerce Ministry statement said on Saturday. The White House said that if China goes through with its promise to retaliate against the USA tariffs announced last week, the United States will impose tariffs on an additional Dollars 200 billion worth of Chinese goods.
  • Trump promises more China tariffs

    Trump promises more China tariffs

    Markets

    Stock markets tumbled on Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods. But Beijing's mention of "comprehensive measures" suggests that it would go beyond tariffs, said Jake Parker of the U.S. Economists warn Washington might be undercutting its negotiating position by alienating potential allies.
  • Germany: Interior minister gives Merkel ultimatum on migrants

    Germany: Interior minister gives Merkel ultimatum on migrants

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    Merkel opposed the move, arguing that Germany should work with other European Union countries to find a common solution to the problem. Merkel's talks later Monday with Italian Prime Minister Giuseppe Conte in Germany could prove crucial if she is to have any chance of forging an agreement in Brussels.
  • Elon Musk launches investigation into sabotage at Tesla

    Elon Musk launches investigation into sabotage at Tesla

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    On Monday, it emerged that a fire had been discovered in a Fremont, California-based plant the previous day, forcing production to stall. While he says this could be a random event, Musk quotes former Intel CEO Andy Grove's "Only the paranoid survive" warning.
  • McDonald's is testing plastic straw alternative in the US

    McDonald's is testing plastic straw alternative in the US

    Markets

    The company is also trialling alternatives to plastic straws in its restaurants in Belgium and tests are planned for selected restaurants in the U.S., France, Sweden, Norway and Australia later this year. A 2015 YouTube video of a turtle whose head was impaled by a plastic straw has been watched more than 27m times. Congratulations to McDonald's on making this significant contribution to help our natural environment.
  • Audi CEO arrested in Germany over diesel scandal

    Markets

    German carmaker Audi's CEO, Rupert Stadler , has been arrested . Standler's home was raided last week where Munich prosecutors based the arrest warrant on concealment of evidence. The Dieselgate scandal dates back to 2015, when Volkswagen was caught out by USA authorities for installing emissions cheating defeat device software in millions of diesel vehicles sold worldwide.
  • Trump puts 25% tariff on Chinese goods

    Trump puts 25% tariff on Chinese goods

    Markets

    It is hard to quantify the precise cost of Chinese sanctions, but Missouri corn and soybean farmer Blake Hurst said he already is seeing an impact on prices. The White House said the measures shouldn't hurt consumers , pointing out that items such as televisions that were included on the draft list had been taken off the list.
  • McDonald's to Dump Plastic Straws in United Kingdom, Ireland

    McDonald's to Dump Plastic Straws in United Kingdom, Ireland

    Markets

    Some manufacturers have previously argued against the removal of plastic straws because they are needed by some people with disabilities, children and the elderly. UK Environment Secretary Michael Gove called it a "significant contribution" to helping the environment and said it was "a fine example to other large businesses".