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Economy

A quarter of registered voters nationally think raising tariffs will do more to protect American jobs and help the US economy, according to an NBC News/Wall Street Journal poll in July. Reports say senior government ministers are meeting in Beijing on Tuesday, while China is reviewing plans to send a trade delegation to Washington for talks next week, according to the South China Morning Post .
  • Probe as Australia strawberries sabotaged with needles

    Economy

    That includes Berry Obsession and Berry Licious strawberries. "Until advised, consumers should cut up strawberries before consuming them", Queensland Health later said in a statement posted on Twitter. "The suspected copycat incident, reported at a supermarket in Gatton, involves the discovery of a thin metal object in a punnet of strawberries", police said.
  • Turkish lira surges after central bank delivers on rate hike expectations astoundingly

    Turkish lira surges after central bank delivers on rate hike expectations astoundingly

    Economy

    There is also alarm over the direction of monetary policy under Erdogan who has railed against interest rates as " the mother and father of all evil ". On the basis of the new regulations, existing contracts now in foreign currencies will have to be converted to the lira within 30 days. "The crucial thing is to restore the confidence of worldwide investors that their policies are on the right track", global economist Eswar Prasad said earlier this month.
  • Turkey central bank stuns markets with giant rate hike

    Turkey central bank stuns markets with giant rate hike

    Economy

    Countering a trend popular within Turkey, especially within the retail sector, the government said any contracts previously made in foreign currency but which were now in effect must be converted into lira within 30 days. "The lira crisis seems to be far from over". Thursday's decree and Erdogan's remarks come after the lira's drastic fall in value against the U.S. dollar last month, during one of the worst diplomatic rows between North Atlantic Treaty Organisation allies Washington and ...
  • US Employment Jumps More Than Expected In August

    US Employment Jumps More Than Expected In August

    Economy

    The expected gain for August would be a solid one, though below the average increase over the previous six months of 220,000 jobs. Job growth remained steady last month, and the economy has now added jobs for 95 consecutive months. The tariffs on an additional $467 billion would raise duties on virtually all US imports from China. Americans had until Thursday to comment on a list of $200 billion worth of Chinese goods widely expected to be hit with tariffs soon.
  • Passengers on 2 flights from Europe arrive sick in Philly

    Passengers on 2 flights from Europe arrive sick in Philly

    Economy

    On Wednesday, NBC News reported an Emirates flight arriving from Dubai and landing in John F. Kennedy International Airport in New York City was being quarantined after many passengers reported feeling sick. The 12 passengers reported sore throats and coughs, but after medical inspection, none were found to have fevers, according to CDC. He said the sick people were on what he called the "bottom floor".
  • 'Stop BEZOS Act' introduced in Senate targeting large employers

    'Stop BEZOS Act' introduced in Senate targeting large employers

    Economy

    An unusual public spat between Amazon .com Inc. and Sen. During a speech over the weekend , Sanders called out Amazon CEO Jeff Bezos for the company's pay practices, despite the businessman's vast fortune. "Throughout the year on average, almost 90 percent of associates across the company's US fulfillment network are regular employees who receive full benefits", Lynch writes in an email.
  • Elon Musk Smokes Weed, Talks Electric Plane Designs on Joe Rogan Podcast

    Elon Musk Smokes Weed, Talks Electric Plane Designs on Joe Rogan Podcast

    Economy

    In addition, Gabrielle Toledano , Tesla's head of human resources, who's been on a leave of absence since late August, told Bloomberg that she won't rejoin the company. Morton - who did not respond to a request for comment - joined Tesla last month from Seagate Technology where he served as a VP for two decades and CFO for nearly three years.
  • Goldman Sachs ditching plans for a bitcoin trading desk

    Goldman Sachs ditching plans for a bitcoin trading desk

    Economy

    The move comes as bitcoin dropped over 5% in about 90 minutes. Most of the altcoins in the market cap range suffer from average losses with an interval of 9-12% before the press time. "In response to client interest in various digital products, we are exploring how best to serve them in the space", the spokesman said. "At this point, we have not reached a conclusion on the scope of our digital asset offering", Goldman Sachs said in a statement .
  • South Africa in recession after land threat

    South Africa in recession after land threat

    Economy

    South Africa's economy contracted for a second straight quarter during the three months to June, thus entering a recession, a first in almost a decade. The currency fell as much as 2.6% to 15.2268 against the dollar. The trade industry experienced its second consecutive quarter of negative growth, falling by 1.9%, while government activity decreased by 0.5%, largely as a result of falling employment numbers in the civil service.