Markets

Netflix Testing "Ultra" Tier

Netflix Testing Netflix now has three subscription plans: $7.99 Basic, $10.99 Standard and $13.99 Premium. As per a report in Tutto Android , Netflix is planning to release the new Ultra tier priced at Euro 16.99 (roughly Rs. This time, the company is testing price electivity. The Ultra plan, that is how Netflix calls it right now, is the most expensive plan up to date. Standard is £8 a month, lets you w... [Full Article...]

Saudi Arabia boosts oil supply close to record high in June

Saudi Arabia boosts oil supply close to record high in June USA crude production slipped by 2,000 barrels per day (bpd) to 10.467 million bpd in April, falling from the highest on record in March, the Energy Information Administration (EIA) said in a monthly report on Friday. The State Department has said it expects the "vast majority" of countries will comply with the USA request. Estimates vary, but Saudi Arabia may have the ability to produce as m... [Full Article...]

China issues U.S. travel warning amid trade tensions

China issues U.S. travel warning amid trade tensions China's Foreign Ministry, when asked on Tuesday if the timing of the alert was politically motivated, said the summer was the high season for Chinese going to the United States and that Chinese embassies had an obligation to warn citizens about potential risks overseas. [Full Article...]

On Security Concerns, Donald Trump Moves To Block China Mobile's US Entry

On Security Concerns, Donald Trump Moves To Block China Mobile's US Entry Talks between the USA and China have stalled in part over American demands that Beijing reduce government support for high-tech industries. The United States is set to impose tariffs on $34 billion worth of goods from China on July 6, which Beijing is expected to respond to with tariffs of its own. [Full Article...]

China presses Europe for anti-U.S. alliance on trade

Trump was reportedly briefed on the draft in late May. The U.S. helped establish the WTO in 1995 as a way to mediate trade disputes and head off tit-for-tat trade wars of the kind that are now enveloping the U.S., Canada, Mexico, China, and the European Union. [Full Article...]

Jacob Rees-Mogg in backlash from Tories over Brexit threat

Jacob Rees-Mogg in backlash from Tories over Brexit threat Peel, a Tory leader in the 1840s, went against his manifesto and the majority of the party by backing the abolition of punitive tariffs installed by the "Corn Laws". Veteran Tory MP Sir Nicholas Soames also took to Twitter, posting: "A message for my old friend @Jacob_Rees_Mogg shut up". While Foreign Office minister Sir Alan Duncan says he should " pipe down ". [Full Article...]

Trump blasts OPEC, warns European companies against business with Iran

The restart of those sanctions has global energy buyers nervous as to who will replace those barrels. "He has agreed!", though statements from Saudi media have made no mention of an agreement to raise Saudi oil production . Also weighing on oil demand are trade disputes between the United States and other major economies including China, the European Union, India and Canada. [Full Article...]

Potential price increases on 10 top-selling vehicles if Trump tariffs go through

Potential price increases on 10 top-selling vehicles if Trump tariffs go through In the letter, BMW states the company doesn't agree with Trump's suggestion that tariffs on imported automobiles and automotive parts will help improve the United States' economic security. ENERGY: Oil futures recovered from the previous day's downtick, after Trump claimed that Saudi Arabia could produce up to double of the 1 million barrels-a-day increase agreed by OPEC countries. [Full Article...]

German interior minister offers to resign amid migration disputes with Merkel

German interior minister offers to resign amid migration disputes with Merkel A almost eight-hour meeting of the CSU in Munich was put on hold after the party's leader, Interior Minister Horst Seehofer , made his offer to resign both from Merkel's Cabinet and as head of the CSU. Seehofer is staying on as interior minister, a post that gives him federal border enforcement powers. "The sum total of everything we have agreed upon has the same effect" as what Seehofer has de... [Full Article...]

Mexico's AMLO Calls Trump 'Erratic and Arrogant'

Mexico's AMLO Calls Trump 'Erratic and Arrogant' A bank analysis published Monday also says it expects the leftist to maintain solid economic fundamentals, with responsible fiscal policy and respect for the autonomy of the Mexican central bank. Lopez Obrador has insisted he'll follow his own policies and has reached out to try to reassure the business community. Lopez Obrador, 64, successfully tapped voters' anger over a seemingly never-ending... [Full Article...]

Trump Trade Legislation Has Unfortunate Acronym of FART

Trump Trade Legislation Has Unfortunate Acronym of FART U.S. President Donald Trump has ordered the drafting of legislation that would mean abandoning key disciplines agreed at the World Trade Organization, Axios news website reported late on Sunday, to a skeptical response from trade experts. [Full Article...]

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

Walmart boycott campaign launched after outcry over 'Impeach 45' clothing The outcry sparked a #BoycottWalmart trend on Twitter as users expressed their distaste for the chain promoting the impeachment of President Trump , echoing some Congressional Democrats. "This is despicable. All American Walmart?" Ryan Fournier , chairman of the organization Students For Trump , brought the products to public attention with a tweet Tuesday evening. [Full Article...]

US wooing other motorcycle firms amid Harley spat, Trump says

US wooing other motorcycle firms amid Harley spat, Trump says The U.S.is where the Action is! President Donald Trump again slammed Harley Davidson's announcement that it was moving some production of its motorcycles overseas in response to retaliatory tariffs from the European Union - claiming that the company's customers will punish the brand because they're all Trump supporters. [Full Article...]

Lyft Follows Uber's Footsteps, Enters Bike-Sharing Business With Motivate Deal

Lyft Follows Uber's Footsteps, Enters Bike-Sharing Business With Motivate Deal Motivate is the company behind numerous most popular urban bike-share programs in the U.S., such as Citi Bike in New York, Ford GoBike in San Francisco, Blue Bikes in Boston, and Capital Bikeshare in Washington DC. Motivate's bike maintenance operation will split out into an independent business, but will still service Lyft Bikes bicycles. The move comes as Lyft has been expanding its reach i... [Full Article...]

What Mexico's new leader really thinks about Donald Trump

Although Trump congratulated Lopez Obrador in a Twitter message on Sunday night, a White House aide then reiterated one of the USA leader's most controversial campaign promises. He has pledged to reduce economic dependence on the United States. Mexicans also voted for members of both houses of Congress and nine governors. [Full Article...]

EU Warns US Imposing Car Import Taxes Could Backfire

Officials in Brussels stressed that European car-makers account for up to 26-percent of US automotive output. The rate is expected to remain unchanged at 1.5 percent. But he denied reports he plans to pull out of the WTO. The new 25 percent import tax, which takes effect on July 6th, will drastically increase the price of circuit boards and other components built in China. [Full Article...]

All Amazon Prime members can now try clothes before they buy

All Amazon Prime members can now try clothes before they buy First announced previous year, the company's new Prime Wardrobe service allows Prime subscribers to try on clothes, shoes, and accessories before actually paying for them. "Thus when Amazon enabled Prime, it on day one was available for a large catalog of items, both from Amazon and from sellers, instead of launching with a limited catalog". [Full Article...]

Trump and Mexico’s Lopez Obrador discuss immigration, trade during first call

Lopez Obrador supporters began wild celebrations in Mexico City, cruising up and down the central Paseo de la Reforma boulevard honking horns to the tune of "Viva Mexico!" and waving Mexican flags from auto windows and moon roofs. Leftist candidate Andres Manuel Lopez Obrador - a known opponent to Trump policies - is now slated to be headed for the win. "I don't see how (Trudeau) is going to... [Full Article...]

Mexico leftist vows no tolerance on corruption after historic win

Mexico leftist vows no tolerance on corruption after historic win A poll published in May by Seattle-based political research firm Latino Decisions showed that Lopez Obrador had a 23 percentage point lead over his closest rival among voting-age Mexican nationals living in the United States, especially those registered to vote by mail. [Full Article...]

Pro-GOP Business Lobbying Giant Goes to War With Trump Over Tariffs

Pro-GOP Business Lobbying Giant Goes to War With Trump Over Tariffs Trump has criticized the European Union for having higher import taxes on cars and for its trade surplus with the United States, this includes a 10 percent tax on cars entering the EU compared with a 2.5 percent tax for cars entering the U.S. [Full Article...]


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