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Economy

Trump, who aides say has little interest in multilateralism, twice attacked Canadian Prime Minister Justin Trudeau on Twitter on Thursday and officials concede the mood is likely to be exceptionally tense. Malmstrom said she had spoken frequently with U.S. Commerce Secretary Wilbur Ross to achieve a permanent tariff exemption for the EU. Trump said, according to CNN and the CBC .
  • Euro on course for weekly gain; US tariffs hit C$, peso

    Euro on course for weekly gain; US tariffs hit C$, peso

    Economy

    The S&P 500 Futures Index dropped 1% to its lowest in the last three weeks. Gold and platinum producer Anglo American traded 2.76% higher at 1,846.60 while Rio Tinto , Glencore and Chilean miner Antofagasta were also among the top ten movers higher.
  • U.S. allies vow to retaliate over Trump's metal tariffs

    U.S. allies vow to retaliate over Trump's metal tariffs

    Economy

    Barring an 11th-hour reprieve, those exemptions will expire as scheduled. The country reacted quickly after Washington said in the morning it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union.
  • Amazon US Website Blocked In Australia

    Amazon US Website Blocked In Australia

    Economy

    Amazon did not explain its decision to geo-fence Australian users, but fellow online store eBay has not announced a similar measure. In an email to customers today, the company said from 1 July it would redirect Australian shoppers from its worldwide sites to amazon.com.au where products sold by Amazon US will be available on the new global store.
  • Local Sears slated to close, liquidation sales start soon

    Local Sears slated to close, liquidation sales start soon

    Economy

    Sears says that eligible employees affected by the closures will receive severance and have the opportunity to apply for open positions at local Kmart or Sears stores. In a list released Thursday afternoon, Sears identified 63 of the stores slated to close - the chain said a small group of stores were pulled from the original list of 72 locations "as they are being evaluated further".
  • Italy's Woes Exact A Toll On Wall Street

    Italy's Woes Exact A Toll On Wall Street

    Economy

    As a result, Well Street has taken a tumble. In New York, the Dow Jones industrial average was up 187.29 points to 24,548.74. South Korea's Kospi dropped 2.0 percent to 2,409.03. ENERGY: U.S. crude oil climbed 43 cents to $67.16 per barrel in electronic trading on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, added 71 cent to $76.20 a barrel in London.
  • Petrol, diesel price cut by 1 paisa a litre

    Petrol, diesel price cut by 1 paisa a litre

    Economy

    Kerala is one of the states that charge high tax rates on petrol and diesel . Slamming reduction of 1 paise on fuel, Ruchita Maheshwari has shared a picture of Amitabh Bachchan as KBC anchor and him questioning us, "Kya Karenge aap is Dhan Rashi Ka?" ONE paisa!?? If this is your idea of a prank, it is childish and in poor taste.
  • Tesla Model S allegedly in Autopilot hits parked police auto

    Tesla Model S allegedly in Autopilot hits parked police auto

    Economy

    The driver of a Tesla Inc vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in "Autopilot" mode at the time, a police spokesman said . The driver, Walter Huang, died after being taken to the hospital. The agency is also probing the January crash of a Tesla vehicle apparently traveling in Autopilot that struck a parked fire truck.
  • Coffee, tea and racial sensitivity for Starbucks

    Coffee, tea and racial sensitivity for Starbucks

    Economy

    Starbucks is closing 8,000 company-owned USA stores at around 2pm local time on Tuesday for anti-bias training of 175,000 employees following a high-profile incident in which two black men were ejected from one of its cafes when a manager called in police.
  • Canada purchases Trans Mountain pipeline project for $4.5B

    Canada purchases Trans Mountain pipeline project for $4.5B

    Economy

    Trudeau secure a decisive majority government, including 18 seats in Canada's westernmost province. Instead, an energy company which has followed the rules in good faith, spent almost a billion dollars in development and undergone exhaustive vetting to win regulatory approval has been impeded at every turn by opponents, including the government of British Columbia and the cities of Burnaby and Vancouver with what amount to nuisance court actions, given how Kinder Morgan has so far won 16 ...
  • Trump says N Korea summit could still happen

    Trump says N Korea summit could still happen

    Economy

    You know that". They very much want to do it. Officials described a high-stakes scramble, with an uncertain ending, as Trump presses his advisers to move ahead with the goal of meeting on June 12, despite concerns among top national security staff there isn't enough time to prepare.