China tells Canada to stop meat shipments over bogus documents

China has asked Canada to suspend all meat exports after discovering bogus veterinary health certificates attached to a batch of pork, its embassy said Tuesday, as Canadian police launched a criminal probe. Marie-Claude Bibeau, Canada's minister of... More..

by | Published more than a month ago
Powell says Fed won't buckle to pressure from Trump on rate cuts
by | Wednesday, June 26, 2019

Powell says Fed won't buckle to pressure from Trump on rate cuts

The U.S. Congress "chose to insulate the Fed" from political pressure "because it had seen the damage that often arises when policy bends to short-term political interests", Powell said in his speech. Bullard d...More..

High rollers: Eldorado buys Caesars in deal valued at $17B
by | Tuesday, June 25, 2019

High rollers: Eldorado buys Caesars in deal valued at $17B

After the merger, the combined company will become the largest USA gaming company with approximately 60 facilities across 16 states. Despite closing Friday with a stock price of just under $10, Eldorado will ...More..

Amazon's Prime Day will be two days this year
by | Tuesday, June 25, 2019

Amazon's Prime Day will be two days this year

Otherwise, subscription fees start at $12.99 a month or $119 a year, covering a long list of benefits across categories as diverse as shipping, video and music streaming, reading, and perhaps best of all, these...More..

Trump Announces New Sanctions on Iran
by | Tuesday, June 25, 2019

Trump Announces New Sanctions on Iran

It sits atop a vast network of tyranny and corruption that deprives the Iranian people of the freedom and opportunity they deserve, he said. President Donald Trump has warned Iran that a war with the USA wo...More..

by | Monday, June 24, 2019

Trump Announces New Iran Sanctions

But U.S. -Iran relations have deteriorated during Trump's tenure, particularly since his decision previous year to withdraw from the nuclear deal and reimpose economic sanctions. Why did Iran shoot down a us...More..

US Hits Iran with Cyberattack, Launches New Sanctions to Cripple Iran's Economy
by | Monday, June 24, 2019

US Hits Iran with Cyberattack, Launches New Sanctions to Cripple Iran's Economy

Days later, Iran shot down a USA drone over the Strait of Hormuz, claiming it had violated Iran's air space. Tensions spiked in recent weeks following a string of attacks on commercial tankers near the Stra...More..

FedEx refuses to deliver a Huawei phone to the US
by | Monday, June 24, 2019

FedEx refuses to deliver a Huawei phone to the US

The company said that it would deliver all Huawei products to addresses other than the ones of Huawei and its affiliates put on a us national security blacklist. This marks the second time FedEx has been caug...More..

Air Canada investigating after passenger left asleep on empty plane
by | Monday, June 24, 2019

Air Canada investigating after passenger left asleep on empty plane

Air Canada says it is reviewing an incident in which a passenger claims she was left alone in a pitch-dark airplane after it landed in Toronto . Once she got to the airport, a representative from Air Can...More..

RBI Deputy Governor Viral Acharya quits citing 'unavoidable personal reasons'
by | Monday, June 24, 2019

RBI Deputy Governor Viral Acharya quits citing 'unavoidable personal reasons'

In fact, the most recent round of tension between the government and the RBI culminating in the abrupt resignation of former RBI Governor Urjit Patel , was signalled in a speech by Acharya after the government...More..

Markets Right Now: Stocks down slightly after hitting record
by | Sunday, June 23, 2019

Markets Right Now: Stocks down slightly after hitting record

Another factor driving demand for U.S. Treasurys is that government bonds in Germany and other countries are returning negative yields, making U.S. bonds more attractive. After Powell's comments, the USA 10-yea...More..

Gold Prices Surge To More Than 5 Years High
by | Sunday, June 23, 2019

Gold Prices Surge To More Than 5 Years High

One economist told CNBC that the surge in gold prices were likely driven by the declines in yields of shorter-duration Treasurys ranging between three months and two years. "There is a flawless mix of ingre...More..

Toys R Us to reopen later this year, report says
by | Sunday, June 23, 2019

Toys R Us to reopen later this year, report says

Though the toy retailer closed down last year, Toys R Us is expected to launch an e-commerce site and several stores in the USA later this year, according to Bloomberg . It has since hired several industry v...More..

High Levels Of Arsenic Found In Two Bottled Water Brands
by | Sunday, June 23, 2019

High Levels Of Arsenic Found In Two Bottled Water Brands

The group says their tests show that the levels of arsenic in these bottled waters are even higher than arsenic levels in tap water. The CEH sent legal opinions to manufacturers and retailers of Starkey Wate...More..

Slack soars to $21 billion valuation in debut after shunning IPO
by | Saturday, June 22, 2019

Slack soars to $21 billion valuation in debut after shunning IPO

The stock closed at $38.62, compared with the New York Stock Exchange's reference price of $26 apiece. The stock still traded up 60 per cent on its first day. Users can share files, build automated workflows, h...More..

Qantas' biggest overahaul of Frequent Flyer programme in decades
by | Saturday, June 22, 2019

Qantas' biggest overahaul of Frequent Flyer programme in decades

It's not all good news, though, with premium upgrades and business class seats set to require more points from September 18 - though a reduction in fees will still apply. The base tier will require members to e...More..

Here’s what you need to know about Facebook’s Libra cryptocurrency
by | Friday, June 21, 2019

Here’s what you need to know about Facebook’s Libra cryptocurrency

She has also asked Facebook executives to testify before the committee. "The fairness element of Libra is offended by this, it's the least selfish of the signs. Powell, however, explained that the Fed does ...More..

Apple Warns New Tariffs Would Impact iPhones, iPads, Macs
by | Friday, June 21, 2019

Apple Warns New Tariffs Would Impact iPhones, iPads, Macs

An executive with knowledge of the situation said the company sees risks in relying on China even if it resolves the dispute with the US. One option can be to maneuver their manufacturing out of China, which ...More..

Oil gains amid Middle East tensions, U.S.-China trade deal hopes
by | Friday, June 21, 2019

Oil gains amid Middle East tensions, U.S.-China trade deal hopes

Followed by Trump's tweet, crude prices had begun to gather pace despite a stubborn rise in U.S. inventories, while sending more 1000 U.S. troops to Middle East had raised red flags over the Gulf and added to c...More..

FCA & CSRC Announce Support for Shanghai-London Stock Connect
by | Thursday, June 20, 2019

FCA & CSRC Announce Support for Shanghai-London Stock Connect

The link-up allows investors to trade across London and Chinese time zones and ultimately raise fresh capital, although unlike United Kingdom companies, not every Chinese-listed firm is eligible to take part....More..

Singapore Airlines beaten to world's best airline award by Qatar Airways
by | Thursday, June 20, 2019

Singapore Airlines beaten to world's best airline award by Qatar Airways

Singapore's national carrier has been dethroned as the king of the skies, after the world's best airline crown went to Qatar Airways at this year's Skytrax World Airline Awards . The remaining top ten were...More..

US Fed holds interest rates steady, but signals cuts could come
by | Thursday, June 20, 2019

US Fed holds interest rates steady, but signals cuts could come

Wall Street closed higher on Wednesday: The Dow Jones Industrial Average gained 0.2 per cent to 26,504, the S&P 500 added 0.3 per cent to close at 2926 and the Nasdaq closed 0.4 per cent higher at 7987. The d...More..

U.N: Evidence suggests Saudi Crown Prince is liable for Khashoggi murder
by | Thursday, June 20, 2019

U.N: Evidence suggests Saudi Crown Prince is liable for Khashoggi murder

Callamard, an independent human rights expert who does not speak for the United Nations but reports her findings to it, called on UN Secretary General Antonio Guterres to initiate an worldwide criminal investig...More..

Donald Trump believes he has authority to demote Fed's Jerome Powell
by | Thursday, June 20, 2019

Donald Trump believes he has authority to demote Fed's Jerome Powell

But the projections did not reflect much change in the outlook for the economy: the median estimates for growth and unemployment were essentially unchanged compared to March, while the forecast for inflation wa...More..

Facebook to launch global ‘Libra’ cryptocurrency
by | Thursday, June 20, 2019

Facebook to launch global ‘Libra’ cryptocurrency

Facebook is now under federal investigation over its privacy practices, and along with other technology giants also faces a new antitrust probe in Congress. "It can not and must not become a sovereign curren...More..

President Donald Trump kicks off 2020 campaign
by | Wednesday, June 19, 2019

President Donald Trump kicks off 2020 campaign

He's also joined by a booming economy, that's followed by the booming Iran war drums. All the while, he groused to aides and advisers that cable TV networks had largely stopped airing his campaign rallies l...More..

European Central Bank hints at more stimulus as global economy outlook dims
by | Wednesday, June 19, 2019

European Central Bank hints at more stimulus as global economy outlook dims

Draghi's comments spurred talk that the Federal Reserve would also soon start easing monetary policy by cutting interest rates , with the U.S. central bank set to give its policy statement on Wednesday. Presid...More..

Spotify: Facebook’s Libra Cryptocurrency Will Help Subscription Services
by | Wednesday, June 19, 2019

Spotify: Facebook’s Libra Cryptocurrency Will Help Subscription Services

A lack of trust in Facebook could be the company's biggest hurdle in making Libra a success, experts say . While Facebook claims that Libra use data will not be shared with Facebook or used for ad-...More..

Airbus to make new midsize long-range plane
by | Tuesday, June 18, 2019

Airbus to make new midsize long-range plane

If Boeing does change the Max's branding, it would be following a suggestion made two months ago by U.S. President Donald Trump, who tweeted that the company should "rebrand the plane with a new name". Boeing s...More..

PetSmart’s Chewy wends public at $1 billion blockbuster IPO
by | Sunday, June 16, 2019

PetSmart’s Chewy wends public at $1 billion blockbuster IPO

However in 2018, Chewy reported a net loss of $268 million from $338 million in 2017. The IPO values Chewy at nearly three times the $3.35 billion PetSmart paid for the company. "There's still lots of penetrati...More..

United States crude oil production decreases, EIA says
by | Sunday, June 16, 2019

United States crude oil production decreases, EIA says

The takeaway from this is easily summed up by a recent CNBC article entitled, Oil Steadies as OPEC Supply Cuts Counter Growth Concerns as follows: "While the talk of prolonged supply restraint is supporting p...More..

Target ups the ante in online delivery wars
by | Sunday, June 16, 2019

Target ups the ante in online delivery wars

It's using Shipt , a membership-based, same-day delivery platform it acquired for $550 million in 2017 , to do this. Target's move marks the latest effort by the Minneapolis-based discounter to expand sam...More..

Facebook secures Visa, Mastercard, PayPal backing for Libra cryptocurrency
by | Sunday, June 16, 2019

Facebook secures Visa, Mastercard, PayPal backing for Libra cryptocurrency

After months of rumours, it appears a Facebook cryptocurrency is imminent. Facebook has received backing from Visa , Mastercard , PayPal, Uber , Stripe , Booking.com and other companies for its upcoming ...More..

Instagram Stopped Working In US, Europe, And Canada For An Hour
by | Sunday, June 16, 2019

Instagram Stopped Working In US, Europe, And Canada For An Hour

Its live outage map showed the issue was reported globally, across North America, South America, Europe, Asia, Australia and New Zealand. Silhouettes of mobile users are seen next to a screen projection of ...More..

by | Saturday, June 15, 2019

Shoppers at standstill as Target addresses issues with checkout system

Complaints via social media have been made across the country about long lines at check-out aisles as Target's problems apparently center around its check-out registers. Customers at individual stores reported ...More..