Finance

German Chancellor Angela Merkel hangs onto power after last-minute deal over immigration

The German political crisis that looked likely to smash the coalition government after just 100 days dissipated late yesterday (July 2) when the chancellor di...


Mexico's next president is the flawless foil to Trump

Gustavo Felix, 56, said he had only hoped Lopez Obrador's coalition - led by his party, Morena - would not win a majority in Congress. Mexico's benchmark stoc...


Leaked Document Shows Trump Wants To Destroy WTO Relationship

He said he wasn't "planning anything now" but if the WTO doesn't treat the USA properly, "we will be doing something". Titled the " United States Fair and Recip...


Boris Johnson Backs Jacob Rees-Mogg After Brexit Threat To Theresa May

Business minister Richard Harrington and two foreign office ministers - Sir Alan Duncan and Alistair Burt - all rounded on him for his comments. The latest To...


Trump issues WTO warning in meeting with Dutch leader

TRUMP: - because we're just thinking about those cars that pour in here. The Chamber is a traditional ally of Trump's Republican Party and said the White Hous...


Walmart boycott campaign launched after outcry over 'Impeach 45' clothing

This appears to be a partisan move for a company that has been working hard to cater to the heartland, where many Trump supporters live, and urban centers, wh...


Gas prices for 4th of July holiday

The Arizona average was $3.00 per gallon. "Going into the July 4 holiday, I can't remember the last time oil markets were so active". It shouldn't be much o...


Trump’s latest attack on Harley-Davidson makes absolutely no sense

He also noted that sales were down 7 percent in 2017, even though a sales drop a year ago can not be attributed to Harley-Davidson's announcement last week. Har...


Lyft follows Uber into bike-sharing business with deal to buy Motivate

Adding bike share and electric scooters to the mix introduces auxiliary transportation options that go beyond core ridesharing businesses for Lyft and Uber. I...


Glencore shares tank as it faces probe over alleged money laundering

The Swiss firm said Tuesday it had received a subpoena from by the US Department of Justice (DOJ) to produce documents related to the Foreign Corrupt Practices ...


Lopez Obrador elected Mexico’s new president with 53 per cent of vote

Lopez Obrador's victory was expected by many to further worsen Mexico's already frosty relations with the US, whose president, Donald Trump , has slammed the...


Washington moves to block China Mobile from US market

The US is set to impose tariffs on US$34 billion of Chinese goods on Friday, and another US$16 billion may follow. However, the timing makes it likely that th...


New Trump tariffs may force Moog to lay off workers

Early last month, Mexico imposed tariffs on USA products ranging from steel to pork and bourbon, while the European Union levied duties of 25 percent on 2.8...


Tory cries of ‘blackmail’ as Rees-Mogg ‘threatens’ May over Brexit

According to BBC news, the United Kingdom officials are said to have come up with a new proposal on post-Brexit customs model ahead of the Cabinet talks. "Thi...


What Mexico's new leader really thinks about Donald Trump

Opponents of Obrador, have recognized their defeat and Obrador's victory in the election. It was the biggest share of the vote in a Mexican presidential electio...


Wall St stocks volatile on trade war worries

United States synth company Moog has warned that a 25% tariff on the import of Chinese goods brought in by President Trump could result in layoffs and the end...


European Union warns United States of boomerang effect if Trump imposes vehicle levies

Using a state-by-state analysis, it argues Trump is risking a global trade war that will hit the wallets of US consumers. That came on top of the tariffs on ...


United States officials visiting Gulf allies to co-ordinate Iran sanctions

His remarks came in the light of his controversial decision earlier this year to pull America out of the Iran nuclear deal and reimpose sanctions - a move stron...


Leaked Trump Draft Bill Would Ditch WTO Trade Rules

The website followed up on Sunday by publishing what it said was a draft bill, the " United States Fair and Reciprocal Tariff Act ", immediately drawing ridicul...


LeBron James is leaving Cavs to sign four-year deal with Lakers

James alone can change a conference - no non-LeBron team has made the Finals in the Eastern Conference since 2010. "But after five seasons in the lottery, L.A...


USA will 'absolutely' sanction European companies that do business with Iran

WASHINGTON-The Trump administration will consider requests for waivers from economic sanctions against Iran on a "case-by-case" basis, a senior State Department...


Dell set to go public again after EMC buy transforms it

The cash component of the offer will be financed by a one-time $11 billion special dividend that VMware will pay out pro-rata to its shareholders, VMware said...


Brexit: Third customs model devised ahead of cabinet talks

As previously revealed by City A.M., the Prime Minister is preparing for a "third way" option on the customs union, which would build heavily on the max fac op...


THE FINAL STRAW: Seattle Bans Plastic Straws, Knives, Forks

Other cities, such as Miami Beach, Florida; Monmouth Beach, New Jersey, and several municipalities in California including Oakland and Berkeley, have all banned...


No withdrawal from WTO, but they treat us very badly says Trump

One person who has discussed the subject with Mr. Trump, according to Axios , said the President frequently told advisers: "I don't know why were in it". "Thes...


What to know to start Amazon delivery business

Those incentives include discounts on Amazon-branded vehicles customized for delivery, branded uniforms, a fuel program, and comprehensive insurance coverage. T...


GM warns Trump tariffs could threaten industry

General Motors , the country's biggest automaker with about 110,000 US employees, warned the Trump administration's tariffs threaten to undermine its competitiv...


HTC is firing 25% of its staff to cut costs once again

The renowned company was on the path of making its name as one of the biggest smartphone giants in the world. Smartphone maker HTC plans to slash around a q...


Canada Imposes Retaliatory Tariffs on US Goods

Lopez Obrador's opponents have suggested his election will create more tension with Washington at a time when relations are already fraught by the stalled talks...


Vedanta stocks surge as founder Anil Agarwal plans buyout

Indian industrialist Agarwal said a year ago he does not intend to keep Vedanta in family hands and would withdraw Vedanta. "I am pleased to announce this ini...


Facebook admits it shared user data in 'one-time extension'

Facebook shared user information with 52 hardware and software makers, including some based in China, under agreements created to make its social media platform...


Did Tesla Hit Its Model 3 Production Goal Last Month?

The e-mail was reported by the website Electrek, and the company confirmed its authenticity. The Model 3 - heralded as Tesla's first "mass market" vehicle - h...


Canada retaliates, starts tariffs against the US

Canada imposed taxes of up to 25 percent on USA goods including whiskey, yogurt and ketchup. United States exports of steel and other metal products now face ...


Southgate glad England love-in is over ahead of World Cup last 16

Six of England's eight goals in two games in Russian Federation so far have come from set pieces. He added: "We don't like losing and don't want to lose mat...


Fired over MAGA hat

The customer argued they had the right to wear it, but ultimately left the restaurant. "And [the manager] refused to serve him if he wouldn't take off his hat...


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