Economy

The U.S. already imposes a 25 percent tariff on around $ 50 billion of Chinese goods, principally technology imports. Trump's threat to escalate US tariffs on Chinese imports contributed to a decline on Wall Street, with stock index futures dropping on concern that companies and workers would likely endure some financial pain.
  • Trump cancels pay raise federal workers

    Trump cancels pay raise federal workers

    Economy

    In a letter to Speaker of the House Paul Ryan, Trump said he is zeroing out both across-the-board pay increases as well as locality pay raises that are based on where federal employees live, which were set to go into effect in January 2019.
  • India’s GDP Grew 8.2% in the Last Quarter

    India’s GDP Grew 8.2% in the Last Quarter

    Economy

    The country's economic growth soared to an over two-year high in April-June quarter, powered by solid expansion in manufacturing, the farm sector and gathering strength in consumer spending, bolstering the government's reforms record. "The services segments - trade, transport, finance, real estate, etc. - have registered lower growth rates compared to past year, where the base effect has worked in the reverse direction", said Madan Sabnavis, chief economist, CARE.
  • Facebook Rolls Out Video Platform Watch Internationally

    Facebook Rolls Out Video Platform Watch Internationally

    Economy

    The social media giant says its Facebook Watch platform is now available globally, one year to the month after flipping the switch and starting up Facebook Watch as an entirely new thing around this time in 2017. To use Watch on iOS and Android , users will have to click on the Watch icon in the shortcuts bar or the "More" bookmark. The user can also save videos from News Feed in Watch to view later.
  • Vodafone And TPG Are Joining Forces

    Vodafone And TPG Are Joining Forces

    Economy

    The merger is expected to be completed next year, with TPG founder David Teoh stepping in as chair of the merged group, while Vodafone's current CEO, Iñaki Berroeta will be managing director and CEO. "This merger will create size, scale and financial strength for us to compete with incumbents and that will bring tremendous benefit to the Australia consumer", Mr Teoh told analysts on Thursday.
  • RBI’s latest report is clinching evidence that demonetisation was a failure

    RBI’s latest report is clinching evidence that demonetisation was a failure

    Economy

    The RBI says most of the demonetised currency is back, indicating that just a minuscule percentage of currency was left out of the system after BJP government's call for unprecedented note ban aimed at curbing black money and corruption. Before demonetisation, Rs 500 and Rs 1,000 notes accounted for 86% of the currency in circulation. There was, however, a 2.1% increase in the volume of banknotes.
  • Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

    Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

    Economy

    Earlier, Musk had called the diver Vernon Unsworth a "pedo" (short for paedophile), for which he later apologised . Bet he can expect that lawsuit this time . But some observers have suggested Mr Musk should curtail his use of social media bearing in mind he has said he is working 120-hour weeks, is under great stress and is making use of the sedative Ambien.
  • Five key takeaways from Trump's U.S.-Mexico trade deal

    Five key takeaways from Trump's U.S.-Mexico trade deal

    Economy

    Trump characterized the agreement with Mexico as a completely new trade deal, but the overall NAFTA framework remains in place, according to the New York Times . Trump said Monday that he hopes Canada will join the deal by Friday, a move which seemed meant to bring Canada, to the table quickly and limit the country's ability to press its own concerns.
  • Trump Announces New U.S.-Mexico Trade Agreement

    Trump Announces New U.S.-Mexico Trade Agreement

    Economy

    This is the sort of rhetoric that Heyman interprets as part of Trump's negotiating style of being an arsonist and then a firefighter. It could also end up being little more than a public relations stunt by an administration desperate to secure a win after more than a year of failures on trade, according to analysts.
  • Fed policymakers see rate hikes on the horizon

    Fed policymakers see rate hikes on the horizon

    Economy

    U.S. stocks climbed higher in afternoon trade with the S&P 500 and the Nasdaq both on track to close at records after Federal Reserve Chairman Jerome Powell defended steady interest rate hikes. interest rates was on display at the start of a global central bankers meeting here, as the longstanding distinction between so-called policy hawks, centrists and doves blurs in the face of falling unemployment.
  • Trump Organization CFO granted immunity in Cohen investigation

    Trump Organization CFO granted immunity in Cohen investigation

    Economy

    President Trump's former attorney Michael Cohen pleads guilty to campaign finance violation as the Trump Organization CFO and National Enquirer boss land immunity deals; reaction from Corey Lewandowski, former Trump campaign manager and senior strategist for the Great America Committee.