Economy

by | September 02, 2018 | 03:46

The California Bill is the most significant victory for supporters of net neutrality rules since the FCC chairman, Ajit Pai, scrapped federal regulations previous year. Broadband-industry-backed groups such as CALinnovates and the Congress of California Seniors argued against it. New York State is considering a net neutrality law that mirrors the California Bill.

by | August 31, 2018 | 22:30

Costa has close to 4,000 retail outlets worldwide and is described by Coca-Cola in its statement as having "highly trained baristas" and "state-of-the-art roastery". The deal, worth £3.9bn, has been unanimously approved by Whitbread shareholders. The current owner, Whitbread, announced a plan to spin off Costa earlier this year.

by | August 28, 2018 | 18:09

In a separate tweet , he wrote: "Investor support is confirmed". A Tesla spokesman on Sunday referred to those previous comments. And if Musk's tweets were to be believed, it was basically a done deal. In recent months, it has been beset by recalls, a Security and Exchange Commision investigation and, most recently, a pair of tweets by Musk that have left shareholders and critics wondering if Tesla is on the verge of profitability or if the vehicle maker meets technology innovator is in a ...

by | August 27, 2018 | 23:02

They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration . The hope is to have a deal for Mexican President Enrique Pena Nieto to sign before he leaves office, and the more left-leaning Andres Manuel Lopez Obrador takes over as president.

by | August 26, 2018 | 20:50

Brent crude futures rose $2.15, or 3 percent, to settle at $74.78 a barrel. Futures in NY were little changed, headed for a weekly gain of about 3 percent. According to BNP Paribas' London head of commodity markets strategy, Harry Tchilinguirian, considering the amount of oil lost from Iranian exports, it would need increases in production from other suppliers like Saudi Arabia to stabilize the oil market.

by | August 24, 2018 | 07:43

Beijing has denied U.S. allegations that it systematically forces the unfair transfer of United States technology, and has said that it adheres to World Trade Organisation rules. The Chinese government criticized the USA increase as a violation of World Trade Organization rules and said it would file a legal challenge. The escalation came despite Chinese Vice Commerce Minister Wang Shouwen held talks with US Treasury under secretary David Malpass to resolve the dispute.

by | August 24, 2018 | 06:29

Sources say Ms Bishop won't command almost enough votes to prevail in an open ballot, with even the majority of her WA colleagues - with the exception of Ian Goodenough, Melissa Price, Linda Reynolds and Nola Marino - set to vote against her.

by | August 24, 2018 | 05:28

In pleading guilty on Tuesday, Cohen stated that he made hush payments in 2016 to women who claimed to have had affairs with the Republican presidential nominee, and did so at the "direction of the candidate", plainly meaning Trump. Davis said Cohen also had information that would be of interest to Special Counsel Robert Mueller , who is investigating the 2016 campaign, and that a website had been set up to collect donations for Cohen's legal expenses.

by | August 19, 2018 | 23:55

Relations between Turkey and the US are at a nadir over the detention of Andrew Brunson , an American pastor that Turkish President Recep Tayyip Erdogan's government accuses of being involved in an attempted coup in 2016. Kemal Kilicdaroglu, head of the Republican People's Party, said Thursday in Ankara , the capital. "They should have given him back a long time ago, and Turkey has in my opinion acted very, very badly", Mr Trump told reporters at the White House.

by | August 19, 2018 | 21:12

There will now be an investigation into the impact of this policy idea by the Securities and Exchange Commission ( SEC ), the president added. For companies, "That would allow greater flexibility & save money", Trump tweeted. In a statement Friday, Nooyi said her comments were part of a broader conversation about how to better focus companies toward long-term goals. Experts have long asserted that the practice of companies publicly forecasting every quarter how they expect earnings to ...

by | August 17, 2018 | 22:57

The data shows the average property price in England was £245,000, in Wales it hit £157,000, in Scotland it was £150,000, while in Northern Ireland it rose to £133,000. Shaun Church, director at mortgage broker Private Finance said: 'A slight correction in house prices is no bad thing for the United Kingdom property market.

by | August 17, 2018 | 22:43

Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges. He did not elaborate on what measures the U.S. is willing to take if Turkey continues to play hardball over Brunson. The lira rebounded some 8 per cent on Tuesday, helped by news of a planned conference call on Thursday in which the finance minister will seek to ...

by | August 17, 2018 | 17:57

The announcement follows Turkish President Recep Tayyip Erdoğan's call for a boycott of US electronics, including Apple's iPhones to counter Trump's actions to ramp up pressure on Turkey to release Brunson. And the day earlier, two Greek soldiers held by Turkey since March for illegally crossing the border were also freed. Investors said Albayrak's conference call would test whether Turkey can persuade markets that its monetary policy is not hostage to political influence.

by | August 16, 2018 | 13:00

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a USA pastor, as Qatar pledged $15 billion in investment to Turkey , supporting a rise in the Turkish lira.

by | August 15, 2018 | 21:42

Although the Turkish lira recovered modestly today, President Recep Tayyip Erdogan announced today a boycott of America's iPhone manufactured by Apple and other unspecified electronic products. Serving at the Diriliş (Resurrection) Protestant Church in the western province of İzmir, Brunson was arrested in October 2016 and moved to house arrest on July 25 due to health problems.

by | August 14, 2018 | 23:54

Analysts cited the slump in Turkish lira as one of the key reasons for the rupee falling further, Money Control reported. The Reserve Bank of India was seen intervening to stem a sharp fall in the rupee, two dealers said. "Rupee is depreciating due to external factors.nothing at this stage to worry", Garg said adding external factors may ease going forward. Garg also said that while the Reserve Bank of India had sufficient foreign exchange reserves, its intervention in the currency ...

by | August 14, 2018 | 22:46

But world stock traders were dismayed the bank did not raise interest rates, which is what many economists believe is necessary to ease the crisis. This includes an emergency interest rate hike by the central bank, imposing capital controls, fiscal reforms, securing a rescue package by the International Monetary Fund or other lenders and ending the current diplomatic fight with Donald Trump .

by | August 13, 2018 | 20:44

One expert, Jill Fisch, a business law professor at the University of Pennsylvania Law School, said Chamberlain's and Issac's lawsuits will only be successful if they can prove Musk and Tesla did not actually seek or "secure" funding for the transaction.

by | August 13, 2018 | 19:09

Last week, Musk stunned investors when he Tweeted about wanting to take Tesla private at US$420 per share before issuing a formal statement on the company's website. The post lays to rest a mystery that has bedeviled Wall Street and the news media since Musk tweeted last Tuesday that he had "funding secured" for a buyout.

by | August 11, 2018 | 20:39

Mr Erdogan also wrote in the New York Times that unless the U.S. changed course, Turkey would look for new friends and allies. The Treasury Department announced fresh sanctions on two Turkish government officials in response to Turkey's refusal to let Brunson go.