Economy

Negotiations with Canada and Mexico will begin no earlier than August 16, 2017. U.S. Trade Representative Robert Lighthizer's letter to Congress is far from belligerent. "Canada and Mexico are our top export markets", says NPPC President Ken Maschoff, "and we absolutely must not have any trade disruptions". U.S. President Donald Trump's threats to renegotiate the North American Free Trade Agreement are coming to fruition.
  • Greece appeals to creditors to approve debt relief measures

    Economy

    A group of eurozone countries led by Germany wants the International Monetary Fund to join the Greek bailout, now handled by euro zone governments alone, to increase credibility. More debt relief is also necessary for the European Central Bank to consider Greek bonds in its asset purchases program, which would ease the country's access to bond markets.
  • No Macron party candidates in French Pacific

    No Macron party candidates in French Pacific

    Economy

    Macron picked Bruno Le Maire a pro-European, German-speaking right-winger from The Republicans, as his Economy Minister. Other positions were filled by ministers from civil society. Posting on Twitter a picture of the pair in a gilded room of the Elysee presidential palace, Macron called Philippe "the prime minister of a government of unity and renewal to change France".
  • Snap posts $2.2bn loss in first results

    Economy

    Snap undershot forecasts on user growth and revenues in its first results as a publicly listed company. In the first 3 months of 2017, Snapchat's daily active users increased by only 36.1 percent, continuing a downward spiral evident in the second half of 2016 (62% in Q3, 47% in Q4).
  • Chelsea's Antonio Conte bags LMA `Manager of the Year` award

    Chelsea's Antonio Conte bags LMA `Manager of the Year` award

    Economy

    Conte said: "Thank you very much". That's the opinion of Arsenal legend Thierry Henry who believes a return to the Champions League will make things challenging for Antonio Conte . Sheffield United's Chris Wilder was named the League One Manager of the Year for the second year in a row after earning 100 points with the Blades this year, while former Sligo Rovers boss Paul Cook earned the League Two award for his work with Portsmouth.
  • Nokia Corporation (NYSE:NOK) Reviewed By Analysts

    Economy

    Carl Domino Inc boosted its stake in shares of Nokia Oyj by 2.2% in the first quarter. Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. The business also recently declared an annual dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th will be given a dividend of $0.1824 per share.
  • SC bench recuses itself from hearing plea against Aadhaar

    SC bench recuses itself from hearing plea against Aadhaar

    Economy

    Attorney General Mukul Rohatgi told the apex court that the idea behind making Aadhaar mandatory for welfare schemes was that the benefit should not go to "ghosts" as was noticed in schemes like the public distribution system (PDS). Divan said that on May 12, he had mentioned the matter before a bench headed by Chief Justice J S Khehar which had said it would be listed before an appropriate bench.
  • Travel ban judges scrutinize Trump's Muslim statements

    Travel ban judges scrutinize Trump's Muslim statements

    Economy

    Acting Solicitor General Jeffrey Wall , who is defending the travel ban that "over time, the president clarified that what he was talking about was Islamic terrorist groups and the countries that sponsor or shelter them". The U.S. Supreme Court is expected to eventually take up the issue. Wall's insistence that the travel ban should be upheld because it is "neutral", without reference to Islam, drew pointed questions from Judge Richard Paez .
  • Ford gets ready to cut jobs

    Ford gets ready to cut jobs

    Economy

    The job cuts are expected to be outlined as early as this week and mostly target salaried employees. The company's share price has fallen by almost 40% since Mr Fields took up his role in the middle of 2014. President Donald Trump throughout his early days in office has pushed for automakers to create jobs in the U.S. If you're one of Ford's salaried employees, you might want to make sure you have a contingency plan.
  • Walmart Comps Grow, Online Sales Surge In Q1

    Walmart Comps Grow, Online Sales Surge In Q1

    Economy

    Wal-Mart's US same-store sales rose 1.4% for the fiscal first quarter - the 11th straight quarterly increase - due to a 1.5% rise in foot traffic, thanks in part to improvements Wal-Mart has made in its stores. Target said it launched a new ad campaign focused its convenient and low-price assortment of everyday items late in the first quarter. McMillon emphasized, "The acquisitions have received a lot of attention but our plan in e-commerce is not to buy our way to success".
  • India's GAIL Q4 profit falls on impairment charge

    India's GAIL Q4 profit falls on impairment charge

    Economy

    The GAIL board of directors recommended the payment of final dividend of Rs 2.7 per share for the year ended March 31, 2017. "Accordingly, a provision of Rs783 crore has been made", the company said. Shares of Novartis India today closed at Rs 655.90 per scrip on BSE , down 1.11 per cent from its previous close. The company's net income, however, rose by 16 per cent to Rs 13,674 crore, from Rs 11,802.40 crore in the fourth quarter of 2015-16, as revenue from petrochemicals rose by 57 per ...
  • Why has Theresa May had to rework commitments on social care?

    Why has Theresa May had to rework commitments on social care?

    Economy

    Just four days after the party's manifesto ditched David Cameron's proposals for a cap on individuals' care bills, she announced that she supported an " absolute limit " on the amount they would pay. Prof Scully said things looked very different compared to the centre's previous two polls that suggested the Conservatives were on course to win a number of seats from Labour .