Markets

OPEC agrees modest hike in oil supply after Iran softens stance

Zanganeh has said the president is to blame for high prices because of his unilateral withdrawal from the global nuclear agreement and the imposition of fresh sanctions that could significantly curb...

by · Markets
European Union slaps retaliatory tariffs on United States goods

European Union slaps retaliatory tariffs on United States goods

European Commission president Jean-Claude Juncker said duties imposed by the USA on the EU go against "all logic and history". US -made bourbon whiskey is now under a 25 percent tariff in the Euro...

by · Markets
Trump Threatens Tariffs On $200 Billion Of Chinese Goods

Trump Threatens Tariffs On $200 Billion Of Chinese Goods

Big industrial companies that are part of the index, such as Boeing and Caterpillar, suffered steep losses. That compares with 11.4 percent for Malaysia and only 2.2 percent for Vietnam. Combined, t...

by · Markets
Oil falls as Opec nears deal to raise production

Oil falls as Opec nears deal to raise production

Saudi Arabia and its allies estimate that total cuts now amount to 2.8 million barrels. OPEC could distribute the increase unevenly to allow those that can produce more - Saudi Arabia, Kuwait and t...

by · Markets
Hackers steal $32 mln from cryptocurrency exchange Bithumb

Hackers steal $32 mln from cryptocurrency exchange Bithumb

For now, Bithumb is moving the remainder of its funds into a cold wallet to avoid further risk. Following the attack, Bithumb has stored all assets in "safe cold wallets", according to Reuters ....

by · Markets
China Trade Dispute Worries Investors

China Trade Dispute Worries Investors

A trade spat between the top two economies of the world began in April with Trump imposing tariffs on steel and aluminium imports into the USA from China, which also retaliated by imposing addit...

by · Markets
European Union leaders to discuss migration reform concept at June 28-29 summit

European Union leaders to discuss migration reform concept at June 28-29 summit

Firstly Die Welt interviewed Frau Merkel on her return from the G7 summit about the horrific murder of Susanna Feldman earlier this month. The CSU exists only in Bavaria , and the CDU in Germany's...

by · Markets
Trump escalates China trade war with extra tariffs

Trump escalates China trade war with extra tariffs

US bond yields fell in a flight to safety. At 9:40 a.m. ET, the Dow Jones Industrial Average was down 300.90 points, or 1.20 percent, at 24,686.57. Last week, Mr Trump confirmed that the USA would...

by · Markets
Elon Musk: Rogue Employee Carried Out 'Extensive Sabotage'

Elon Musk: Rogue Employee Carried Out 'Extensive Sabotage'

The employee in question , who was reportedly motivated by failing to receive a promotion, made "direct code changes" to Tesla's internal operating systems and exporting classified information to "...

by · Markets
Donald Trump ratchets up China trade dispute with new tariffs

Donald Trump ratchets up China trade dispute with new tariffs

The initial USA tariffs are aimed at items such as semiconductors, electronics, plastics and other goods from sectors expected to benefit from China's "Made in 2025" initiative to dominate the world i...

by · Markets
Merkel-Macron meeting is 'moment of truth' for Europe - French minister

Merkel-Macron meeting is 'moment of truth' for Europe - French minister

Instead, Merkel wants to find a common European solution at the EU summit in Brussels. And though Trump is obviously wrong when he says that migrants have "violently changed" the culture of Germany ...

by · Markets
Trump threatens 10% tariff on $200bn of Chinese goods

Trump threatens 10% tariff on $200bn of Chinese goods

The tariffs announced by the White House on Friday hit more than 1,100 Chinese products with a rate of 25 percent. However, this time, Trump is raising the stakes over the additional $100 billion ...

by · Markets
China threatens tariffs on U.S. lobsters as business booms

China threatens tariffs on U.S. lobsters as business booms

US President Donald Trump announced tariffs of 25 percent targeting $50 billion in Chinese imports. US Customs and Border Protection will begin collecting tariffs on an initial tranche of 81...

by · Markets
Angela Merkel May Not Be Chancellor of Germany Much Longer

Angela Merkel May Not Be Chancellor of Germany Much Longer

Merkel is adamant that a European solution is needed and is seeking bilateral deals with some partners, such as Italy and Greece, similar to one agreed in 2016 between the EU and Turkey, which cut the...

by · Markets
Audi CEO Rupert Stadler arrested

Audi CEO Rupert Stadler arrested

Prosecutors in Munich said Rupert Stadler - the most senior group official to be held since the saga began - was arrested at his home in the early hours of Monday due to fears he might obstruct th...

by · Markets

Audi chief exec arrested over Dieselgate vehicle emissions scandal

The Dieselgate scandal dates back to 2015, when Volkswagen was caught out by US authorities for installing emissions cheating defeat device software in millions of diesel vehicles sold worldwide. Th...

by · Markets
American farmers caught in the middle of global trade war

American farmers caught in the middle of global trade war

That includes a tentative deal to increase Chinese purchases of United States energy and agricultural goods. China responded to USA tariffs announced Friday morning with a promise to impose...

by · Markets
McDonald's is ditching plastic straws in the United Kingdom and Ireland

McDonald's is ditching plastic straws in the United Kingdom and Ireland

British officials will launch later this year a public consultation for a potential bill banning the sale of the single-use plastics. "We want more companies to say no to unnecessary single-use plas...

by · Markets
ECB to halt quantitative easing at year-end

ECB to halt quantitative easing at year-end

The ECB said it would stop its bond-buying scheme, worth €30bn a month, as the bloc's recovery remained on track. Central banks put a range of quantitative easing programs into action following the ...

by · Markets
Trump, Iran spar over oil prices ahead of OPEC meeting

Trump, Iran spar over oil prices ahead of OPEC meeting

Gulf producers Saudi Arabia , Kuwait and the United Arab Emirates are the main OPEC members holding sufficient unused oil production capacity to boost output quickly to offset a shortage. Data rel...

by · Markets
United States and China Officially in a Trade War over

United States and China Officially in a Trade War over "Unfair Trade Practices"

Trump has already said the United States would hit another $100 billion of Chinese imports if Beijing retaliated. It calls for creating Chinese global competitors in such areas as information tech...

by · Markets
Kansas sheriff's deputy killed, another wounded in shooting near courthouse

Kansas sheriff's deputy killed, another wounded in shooting near courthouse

The Associated Press is reporting that one of the deputies has died. Chief Terry Zeigler with the Kansas City, Kan . Zach Blair, with the Kansas City, Kansas, Police Department says they are not ...

by · Markets
Regional American Airlines carrier cancels 100s of flights

Regional American Airlines carrier cancels 100s of flights

Passengers said they saw frustrated people spending the night at the airport, including a school group, while local auto rental companies told the channel they were sending in extra vehicles. The tota...

by · Markets
Disgraced Theranos founder Elizabeth Holmes indicted on criminal charges

Disgraced Theranos founder Elizabeth Holmes indicted on criminal charges

Elizabeth Holmes , CEO of Theranos, attends a panel discussion during the Clinton Global Initiative's annual meeting in New York, September 29, 2015. In its indictment, the Department of Justice echoe...

by · Markets
China to impose 25% tariff on U.S. goods worth US$50b

China to impose 25% tariff on U.S. goods worth US$50b

The White House said it would consult on tariffs on the other $16bn of products, and would apply these later. Trump gets high marks for drawing attention to an urgent problem, namely the erosion...

by · Markets