Money

Trump Approves Draft US-China Trade Deal to Halt Looming Tariffs

Trump Approves Draft US-China Trade Deal to Halt Looming Tariffs If the United States does not suspend the new tariffs, Beijing officials will apply more tariffs on U.S. goods and may suspend talks until after the USA presidential election in November 2020, many trade experts believe. United States President Donald Trump and Beijing officials said on Friday that the U.S. and China have reached a so-called phase one trade deal that will see Washington su... [Full Article...]

Tears and shock: Boss surprises staff with $15m Christmas bonus

Tears and shock: Boss surprises staff with $15m Christmas bonus Only five people knew about the bonus before the celebration, the company said. "It is so generous". " I wanted to celebrate it and make it meaningful for the people who did it", Mr St. The average bonus was $50,000, but some employees will get upward of $250,000. "The [bonus] distribution was based exclusively on years of service". [Full Article...]

Mohamed El-Erian is a confident 'yes' on buying Saudi Aramco shares

Mohamed El-Erian is a confident 'yes' on buying Saudi Aramco shares Aramco said the sale of 1.5 per cent of the firm, the bedrock of Crown Prince Mohammed bin Salman's ambitious strategy to overhaul the oil-reliant economy, was oversubscribed almost 4.7 times. But Aramco managed to recover the bulk of its production levels more quickly than markets expected, bringing the oil price back down in the same week ⁠- something El-Erian believes gives the company credi... [Full Article...]

Canada sheds 71,000 jobs in November

Canada sheds 71,000 jobs in November The 40-day strike by about 46,000 workers at GM plants in MI and Kentucky had restricted employment gains to 156,000 jobs in October . The manufacturing sector added 54,000 jobs in November, offsetting a decline in October related to almost 50,000 General Motors workers who were then on strike . [Full Article...]

Uber's first safety review contains thousands of sexual assault reports

Uber's first safety review contains thousands of sexual assault reports Uber has a unit devoted to handling the most sensitive safety reports , but a September Washington Post investigation found that investigators are are instructed to keep the company's interests foremost, including through restrictions on their ability to report apparent felonies to police and a ban at the time on sharing information with competitor Lyft about possibly risky drivers. [Full Article...]

Oil may fall to $40, experts warn OPEC

Oil may fall to $40, experts warn OPEC Opec's deliberations on Thursday in Vienna took more than five hours, prompting the cancellation of a news conference and a gala dinner for delegates aboard a boat on the Danube. Unsurprisingly, this is reportedly where there has already been disagreement - all members want the group to cut, but no one really wants to carry the burden themselves. [Full Article...]

US Threatens 100% Tariffs on French Imports

US Threatens 100% Tariffs on French Imports The Office of the U.S. Trade Representative charged Monday that France's new digital services tax discriminates against U.S. companies. The findings won favor from US lawmakers and USA tech industry groups, who have long argued that the tax unfairly targets U.S firms. [Full Article...]

Trump hedges Hong Kong bill with wording to save China trade deal

Trump hedges Hong Kong bill with wording to save China trade deal Some of the young protesters waved American flags, a sign of appreciation after US President Donald Trump this week signed into law bills that back the protesters and threaten China with possible sanctions. "The U.K. should enforce similar laws and should have done even more " to support the protest movement, said a masked rally organizer who identified herself only as Dawn. [Full Article...]

Hong Kong Airlines delays salaries as protests hit tourism

Hong Kong Airlines delays salaries as protests hit tourism Hundreds of silver-haired activists joined young Hong Kong protesters for a unity rally Saturday, vowing that their monthslong movement will not fade away until there is greater democracy in the Chinese territory. The legislation slaps economic sanctions on individuals who commit human rights violations in Hong Kong and bars them from entering the US. "Markets got jittery this week as Trump ... [Full Article...]

Black Friday, Cyber Monday and secure online shopping

Black Friday, Cyber Monday and secure online shopping Still, it expects online sales will reach $143.7 billion, up 14.1% from last year's holiday season. Store openings on Thanksgiving evening have also reduced store crowds lining up for doorbuster deals at the crack of dawn on Friday. This year, only 36% of people said they planned to do most of their holiday shopping on Black Friday - down from 51% just three years ago, according to a survey ... [Full Article...]

Black Friday Deals You Can Start Shopping Today

Black Friday Deals You Can Start Shopping Today Save Bubble reviews the best hunting equipment and camping gear deals for Black Friday 2019 . While stores are open , Walmart's Black Friday sales won't kick off until 6 p.m. Released in early November, the AirPods Pro are available for a (slightly) cheaper price. "When we launched our Black Friday event past year, 40% of those products were the lowest price they had ever been". [Full Article...]

Westpac Bank chief resigns over $7 billion money-laundering scandal

Westpac Bank chief resigns over $7 billion money-laundering scandal Westpac Bank chief executive Brian Hartzer resigned following charges that the Australian bank engaged in money-laundering. He's the third high government from the nation's 4 main banks to depart prior to now 18 months amid the scandal-plagued Australian banking sector. [Full Article...]

Honda City unveiled in Thailand

Honda City unveiled in Thailand When it comes to safety, the all-new Honda City packs a G-Con (G-Force Control) body structure, six airbags, ABS, EBD, Vehicle Stability Assist, Hill Start Assist and a Multi-angle Rearview Camera. Both models feature subtle creases on the lower part of the doors and get diamond-cut alloy wheels. Prices for the new 2020 Honda City is expected to be slightly higher than the model now on sale in... [Full Article...]

Instagram just took its divisive 'hidden likes' experiment global

Instagram just took its divisive 'hidden likes' experiment global Users who are part of the test were picked randomly and won't be able to see how many likes posts appearing on their feed have. Starting today , we're expanding our test of private like counts globally. A few users have also confirmed that Instagram is running tests to make the like counts private. Adam Mosseri , head of Instagram , said it's all about changing how people, especially youn... [Full Article...]

Vodafone pleads for govt relief after posting worst quarterly loss in India

Vodafone pleads for govt relief after posting worst quarterly loss in India Bharti Airtel said that while the net loss after exceptional item was at Rs 23,045 crore, before exceptional item the net loss stood at Rs 1,123 crore. "We are hopeful that the government will take a considerate view in this matter given the fragile state of the industry". The company stated that its ability to continue as a going concern is dependent on obtaining relief from the government a... [Full Article...]

PSA and FIAT-Chrysler open merger talks

PSA and FIAT-Chrysler open merger talks Fiat Chrysler CEO Mike Manley would have a senior executive role and work closely with Tavares. The merger will take place under a Dutch parent company with a balanced governance structure across the two shareholder groups, including a majority of independent board members. [Full Article...]

Fed Cuts Rates Again To Boost A Slowing Economy

Fed Cuts Rates Again To Boost A Slowing Economy Retail trader positioningsuggests USD/JPY may continue to rally while USD/CAD may continue to fall. CURRENCY: The dollar declined to 108.62 yen from Wednesday's 108.64 yen. Traders are still anticipating action soon. South Korea's central bank said the move somewhat removes uncertainties for both the Korean and global economies. [Full Article...]

Hong Kong leader aims to ease the housing crunch inflaming protests

Hong Kong leader aims to ease the housing crunch inflaming protests Wong on Monday called on the U.S.to pass the law, then use it to pursue police officers accused of human rights abuses and torture of detainees during the protests, amid multiple allegations of the torture and sexual abuse of detained protesters. [Full Article...]

Chinese Tech Stocks Slip on Possible Cuts to US Investments

Chinese Tech Stocks Slip on Possible Cuts to US Investments In a blunt speech to the annual United International locations Abnormal Assembly, Disclose Councillor and Foreign Minister Wang Yi said: "Erecting walls is not very going to resolve world challenges, and blaming others for one's enjoy complications would not work". [Full Article...]

India Inc Welcomes Government's Corporate Tax Announcements

India Inc Welcomes Government's Corporate Tax Announcements Finance Minister has also announced the government decision to expand the scope of 2 per cent CSR spending. India's equity benchmark, the S&P BSE Sensex , jumped as much as 5.3%, the most intraday since May 2014 and the rupee rallied after the announcement, while sovereign bonds slumped as fiscal concerns came sharply back to the fore. [Full Article...]