Markets

China and Europe warn trade war could trigger global recession

Liu had led China's three rounds of trade talks with the USA, negotiations that have broken down over the Trump administration's pledge to move forward with tariffs despite an agreement in May to put the duties on hold. Lim explained that Trump's punitive tariffs risk Washington losing the support of Europe in pressuring Beijing to change its "industrial policy and technology transfer practices"... [Full Article...]

Harley-Davidson takes some production overseas due to new tariffs

Harley-Davidson takes some production overseas due to new tariffs These tariffs, which became effective June 22, 2018, were imposed in response to the tariffs the US imposed on steel and aluminum exported from the European Union to the U.S. The company said: "Harley-Davidson maintains a strong commitment to US-based manufacturing which is valued by riders globally". The EU said that if the USA retaliates, it's prepared to slap additional tariffs on 160 US prod... [Full Article...]

Boris Johnson urges clean Brexit, 2 years after United Kingdom vote to quit

Boris Johnson urges clean Brexit, 2 years after United Kingdom vote to quit Organisers Open Britain said about 100,000 protesters packed the main arteries of the capital, waving British, Irish and European flags and colourful banners to call for a " People's Vote " on the eventual deal in which Britain leaves the world's biggest trading bloc. [Full Article...]

Turkey's Erdogan, his alliance win presidential, parliamentary elections

Turkey's Erdogan, his alliance win presidential, parliamentary elections I have been entrusted by the nation with the task and duties of the presidency", Erdogan said at his Istanbul residence. With 96.0 percent of the parliamentary votes counted, the ruling party leads with 53.7 percent followed by the Nation Alliance with 34.1 percent. [Full Article...]

Harley-Davidson To Move More Production Oversees Amid US-EU Trade Tensions

Department of Commerce meeting he attended in Washington last week where he pitched companies on investing in Wisconsin. But rather than hike prices in the US, the company said it would absorb the cost in the short term ― projected to be some $30 million to $45 million through this year― and shift some production to global factories in coming months. [Full Article...]

Uber says it has made 'profound' changes as it fights London ban

Uber says it has made 'profound' changes as it fights London ban Transport for London (TfL) told the taxi-hailing app firm in September a year ago it would not renew its licence due to concerns over public safety and security. The case will be heard before the Westminster Magistrate's Court, and is expected to last three to four days. Uber has been able to operate as normal in the city during the appeal process, and the firm could theoretically turn to h... [Full Article...]

United States trade policy drives Harley Davidson to create European Union jobs

United States trade policy drives Harley Davidson to create European Union jobs Harley-Davidson plans to shift the production of some of its bikes out of the U.S. in response to Europe's new tariffs on motorcycle imports. The company said the European Union retaliatory tariffs of 25 percent would mean a motorbike shipped from the U.S to Europe would now face a tariff of 31 percent, up from 6 percent, leading to an average cost increase of $2,200 per motorcycle. [Full Article...]

Volkswagen's all-electric race auto makes history on Pikes Peak

Volkswagen's all-electric race auto makes history on Pikes Peak Driven by the 40-year-old, two-time Le Mans victor and previous Pikes Peak victor Romain Dumas , Volkswagen's I.D R Pikes Peak averaged over 90mph as it climbed the 5000ft, 156-turn course. "I'm happy with this, but we could have gone quicker if that middle sector had been dry". European Hillclimb championship ace Simone Faggioli clinched second place, despite having never completed a f... [Full Article...]

California teen helps man who is blind, deaf communicate on flight

California teen helps man who is blind, deaf communicate on flight Daly had to sign each letter in every word so Cook could feel what she was forming with her hands, the report states. "They thought that he might need something and they weren't sure how to communicate", said Clara. Daly said she began learning sign language as a way to communicate without having to read or write. Her proud mother, Jane, was one of many passengers on board who watched on as sh... [Full Article...]

Man sells bottled hot dog water at festival For $38

Man sells bottled hot dog water at festival For $38 Hot dog water improves brain function, sheds pounds, and keeps you looking young. Each bottle cost $37.99 Canadian ($28 American), but a Father's Day special meant two could be had for $75. Hot Dog water is real in that it's actually water with an organic hot dog in it, but Bevans is a performance artist and his product is commentary on what we're willing to buy in the name of health and welln... [Full Article...]

Thousands take to London's streets demanding final say on Brexit

Thousands take to London's streets demanding final say on Brexit Pro-Brexit business leaders and MPs urged May to speed up plans for a no-deal Brexit amid warnings that time in the negotiations is running out. "But two years later, all we've got are broken promises, an economy that's already feeling the strain of Brexit and a government paralyzed by internal divisions", he said. [Full Article...]

9000 barrels of bourbon fall in US distillery collapse

9000 barrels of bourbon fall in US distillery collapse Bardstown Police Chief Billy Mattingly said there was no one inside when the roof caved in, so no injuries were reported. Company spokeswoman Amy Preske says the company is assessing the damage and declined further comment. The collapse won't affect normal operations at the distillery. Emergency officials and Environmental Protection Agency representatives were trying to determine whether any of... [Full Article...]

Most Germans doubt Merkel will get European immigration deal

Most Germans doubt Merkel will get European immigration deal New arrivals of migrants and asylum seekers coming to Europe via the Mediterranean have dropped by more than half this year compared with the same period in 2017, according to the United Nations migration agency: 40,944 people as of last Thursday. [Full Article...]

UK confident of good Brexit deal after Airbus concern -May's spokeswoman

UK confident of good Brexit deal after Airbus concern -May's spokeswoman Earlier this week, Mr Javid met the European Parliament's Brexit negotiator, Guy Verhofstadt MEP, who was in London for talks with government ministers and to appear before two committees of MPs. "Far from project fear, this is a dawning reality for Airbus", he said. At a Lords committee hearing yesterday, home secretary Sajid Javid also expressed his "frustration" that countries such as Franc... [Full Article...]

Bank of England holds interest rates at 0.5%

Bank of England holds interest rates at 0.5% Andrew Haldane joined Michael Saunders and Ian McCafferty in voting to raises to 0.75%, while the six-strong majority sided with holding rates at the current 0.5% rate and leaving quantitative easing unchanged at £445bn. Added together, and with a slightly weaker USA dollar complex, GBPUSD rose from a low of 1.3100 to a current level of just under 1.3300. "The MPC has repeatedly talked up the c... [Full Article...]

Greek economy crisis: Eurozone ministers seek end to Greece bailout odyssey

Greek economy crisis: Eurozone ministers seek end to Greece bailout odyssey Greece's prime minister pledged Friday to stick to agreed reforms and budget targets after worldwide creditors announced debt relief measures to wean the country off its eight-year bailout program, which ends in two months. They also agreed to disburse 15 billion euros ($17.5 billion) to ease Greece's exit from its rescue programme. With this last disbursement, Greece will have received a tota... [Full Article...]

AMC Theaters' Stubs A-List Competing with MoviePass

AMC Theaters' Stubs A-List Competing with MoviePass As pointed out by Business Insider , some of these are beneficial features, like an option to pay a few more bucks to see Real 3D and IMAX movies, or the ability to buy tickets for non-member friends. With AMC Stubs, you are allowed to see IMAX and 3D. If MoviePass went away, I'd still reserve money and time to see one or two films a month, but I'd be more choosy than I used to be and more re... [Full Article...]

National Take Your Dog to Work Day

National Take Your Dog to Work Day At last 20 percent of works will celebrate the day by taking their pet to the office. According to a study, 37% of Americans would sacrifice benefits, including vacation time, for a dog-friendly work place. "While you may be a dog lover, some people are allergic to various breeds or have had bad experiences with dogs so may not be comfortable with you bringing one in on the day". [Full Article...]

Victor winner chicken dinner: Germany makes €3 billion from Greece's financial crisis

Victor winner chicken dinner: Germany makes €3 billion from Greece's financial crisis According to the source, Eurogroup ministers agreed that the final loan tranche to Greece will total 15 billion euros. "It took a bit longer than we expected, but ended in a very good way", Greek Finance Minister Euclid Tsakalotos said. Overall, Greece will be leaving the program with a sizeable cash buffer of 24.1 billion euros covering the sovereign financial needs for around 22 months follo... [Full Article...]

Tens of thousands march in London demanding second Brexit vote

Katherine Bennett, the company's senior vice president in the United Kingdom, said 'a no-deal Brexit would be catastrophic'. He told the BBC: 'The Prime Minister has always said nothing is agreed until everything is agreed and that no deal would be better than a bad deal, and I think it's essential as we enter the next phase of the negotiations that the European Union understands that and beli... [Full Article...]


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