Markets

Marchionne said to have died of cardiac arrest

Marchionne said to have died of cardiac arrest Tributes are pouring in from automotive leaders about Sergio Marchionne's skill, creativity and determination in saving Chrysler and Fiat from near-certain financial ruin. He was handpicked by the United States government to save Chrysler and is credited with turning the dysfunctional companies into the world's seventh-largest automaker. [Full Article...]

No country has signed up for new Iran sanctions: USA senator

No country has signed up for new Iran sanctions: USA senator Bagheri said that US threats against Iran will draw a "strong, unimaginable and regrettable" response from Tehran, according to the IRNA news agency. Trump has previously suggested that Iranian leaders are going to request a new deal, but Iran has rejected talks on several occasions. According to state-run IRNA news agency, Qassemi also said that Iran has filed an official letter of objection ... [Full Article...]

Former FCA CEO Sergio Marchionne dies aged 66

FCA had announced at the weekend that Marchionne, 66, was gravely ill in hospital in Zurich after suffering serious complications following surgery on his right shoulder last month. A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. He carried out two successful spin-offs from the merged group - first its tractor-making arm in 2... [Full Article...]

Ex-Fiat Chrysler boss Sergio Marchionne dies, aged 66

Sergio Marchionne, man and friend, is gone", Elkann said. Marchionne had been at Fiat for over a decade and added the title of Ferrari chairman in 2014, replacing Luca di Montezemolo. Marchionne was born on June 17, 1952, in the small Italian town of Chieti. His father was a local policeman, and when Marchionne was 14 the family moved to Toronto where they had relatives. [Full Article...]

Iran nuclear deal: 'Obama administration did the best they could'

The response to Donald Trump's explosive Twitter threat against Iran has been swift and alarming, but at least social media is able to find the humour in it. Under Trump, many suspect the U.S. government is hoping for regime change in Iran . This could be a significant long-term aspect of Trump's position on Iran , if he feels that presenting Iran's behavior as improving is important t... [Full Article...]

Ryanair Pilot Strike Causes More Flight Cancellations

Ryanair Pilot Strike Causes More Flight Cancellations Nearly 50,000 Ryanair passengers have been told that their flights have been cancelled next Wednesday and Thursday due to a strike by cabin crew in Belgium, Portugal and Spain. "Ryanair cabin crew enjoy great pay -- up to 40,000 euros ($47,000) p.a". A memo issued to cabin crew by Ryanair on July 11 said that a number of cabin crew had "refused to complete their duty on the uninformed assump... [Full Article...]

United States farmers to receive up to US$12B in trade war relief

United States farmers to receive up to US$12B in trade war relief And now they're being put on welfare. " Tariffs are the greatest! ". The administration has so far downplayed the impact of Trump's ratcheting up of trade tensions on United States producers by emphasizing the long-term benefits of his efforts to even out U.S. [Full Article...]

White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

North Dakota Farmers Union President Mark Watne welcomed Tuesday's announcement but said "it's a far cry from the damage that's being caused by these low commodities". It's an acknowledgement that with a $21 trillion national debt and with a projected $1 trillion deficit in 2019, there is no justification to spend $12 billion when the real problem is US tariff policy. [Full Article...]

Trump administration plans to help farmers hurt by global trade tensions

Trump administration plans to help farmers hurt by global trade tensions Before departing for Kansas City, Trump tweeted that US trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs". It's as simple as that - and everybody's talking! "After years of unsuccessful US-China dialogue, the United States is taking action to confront China over its state-led, market-distorting policy and practices", Cramer said , adding that it was the "neg... [Full Article...]

Trump hails start of dismantling North Korean missile site

Trump hails start of dismantling North Korean missile site The photos, which were captured by commercial satellites between July 20 and July 22, show that dismantlement has begun of the rail-mounted transfer structure on the Sohae launch pad, according to 38 North analyses. "Japan is happy, all of Asia is happy", Trump said on Twitter. But the Fake News is saying, without ever asking me (always anonymous sources), that I am angry because it is not going... [Full Article...]

Check Your Pantries; Ritz Is Recalling Several Of Its Products

Check Your Pantries; Ritz Is Recalling Several Of Its Products It's been a rough week out there for crackers and snackers since Monday when a number of Ritz Crackers and Goldfish products were recalled over potential risk of salmonella . There have been no reported illnesses and the recall was prompted due to a recall in another country. The bacteria is not visible to the naked eye and can be carried naturally in the intestines of some animals that sho... [Full Article...]

Texas waiter made up racist note story, Saltgrass COO says

Texas waiter made up racist note story, Saltgrass COO says Cavil claimed the message had left him "sick to his stomach" and said the experience tested his faith, but added that he made a decision to let it inspire him to "change the world". On Monday, Cavil admitted he wrote the racist note himself in an interview with the Odessa American . " I did write it ", Cavil told the Odessa American . [Full Article...]

Krispy Kreme offers doughnut deals, new flavor for its 81st birthday

Krispy Kreme offers doughnut deals, new flavor for its 81st birthday Krispy Kreme is one of the world's best known doughnut purveyors, famous for its iconic simple glazed variety and the seductive neon signs urgently proclaiming when the doughnuts are hot and fresh. Krispy Kreme CEO Mike Tattersfield says in a statement they are "delighted" to add Insomnia to the company. "In addition to offering a delicious dollar deal on an extra dozen of our Original Glazed® ... [Full Article...]

Trump prepares $12 BILLION bailout fund for farmers hurt by tariffs

Ervin PerdueAndrew Wheeler must reverse damage to American heartland US puts business ahead of children's health Western states brace for most severe wildfire outbreak since 2012 MORE said the assistance plan was "a short-term solution to allow President TrumpDonald John TrumpGiuliani: Trump would agree to interview with Mueller if no questions on obstruction Haley: Russia "never will b... [Full Article...]

Israel's Netanyahu accuses Erdogan of 'massacring Syrians and Kurds'

The "nation state" law , which officially recognised Israel as the home for Jewish people, provoked fury amongst Arab leaders, who expressed concerns over the discrimination against Arab citizens and accusedIsrael of trying to form "an apartheid state". [Full Article...]

Trump Has $12B Plan to Shield Farmers From Trade War

To help cushion the blow, the White House plans to announce a package worth of emergency aid worth $12 billion for farmers affected by the tariffs, as first reported by The Washington Post . But in response to American tariffs, Beijing imposed its own on soybeans, in addition to other American agricultural products. Trump has threatened to ratchet that up to more than $500 billion, a move that ... [Full Article...]

Mega Millions ticket worth $1M sold in Delaware County

Mega Millions ticket worth $1M sold in Delaware County The Pennsylvania Lottery also reported that a Powerball ticket worth $100,000 due to the Power Play option was sold at the Amoco at 1850 Christopher Columbus Blvd.in Philadelphia, for Saturday's drawing. How do you play Mega Millions? The drawing is at 10 p.m. To play in Mega Millions, you pick six numbers from two different pools, so have your lucky numbers ready. [Full Article...]

Trump threatens more tariffs on USA trading partners

Trump threatens more tariffs on USA trading partners Because the program was created during the Depression, it does not rely on new congressional approval. "Tariffs are not great", Toomey told CNBC, echoing Ryan. Trump has slapped tariffs on billions of dollars' worth of imports, and has shown few signs of slowing . "Tariffs are the greatest! ". Trump is tweeting that trade partners need to either negotiate a "fair deal, or it gets hit with ... [Full Article...]

Turkey's president Erdogan to attend Brics summit in Joburg

Turkey's president Erdogan to attend Brics summit in Joburg The prime minister said that his government " scrupulously maintains equal rights for all its citizens ", while Erdogan's criticism of the newly-enacted "nation-state law" is actually " the greatest compliment " to the legislation. Applauding the vote, Prime Minister Benjamin Netanyahu described the law as "a defining moment in the history of Zionism and the history of the State of Israel". [Full Article...]

India slashes oil imports from Iran

India slashes oil imports from Iran Earlier in Monday's session, the market had risen after President Donald Trump warned of dire consequences for Iran if it threatened the United States. He went on to say that Iran has been contributing to regional peace and stability by fighting terrorism and ensuring regional security, including at the strategic Hormuz Strait - which is a chokepoint for 30 percent of global oil exports. [Full Article...]


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