Finance

Finance President Trump gets Saudi Arabia to increase oil production
Author: 0 President Trump gets Saudi Arabia to increase oil production

Trump wrote on Twitter that he had asked the king in a phone call to boost oil production "to make up the difference.Prices to (sic) high!" The Saudi government said on its official website that the two leaders had spoken about oil production, but avoided suggesting any specific deal had been struck.

Finance Adidas data-security breach could involve
Author: 0 Adidas data-security breach could involve "a few million customers"

Adidas AG is the latest company to come under attack from cyber-thieves looking to steal personal information, with millions of customers potentially at risk. As Bloomberg reports, Adidas discovered "an unauthorized party" had gained access to its servers and stolen data on June 26. The statement didn't say how many customers might be affected, but an Adidas spokeswoman told the Los Angeles Times that the number might be "a few million".

Finance Exactis leak exposes database with 340 million records
Author: 0 Exactis leak exposes database with 340 million records

However, the database did include names, phone numbers, home addresses, email addresses, and other details that could quickly identify a person. Records also contained information such as what interests or habits an individual has or if they had kids and how many.

Author: 0 Trump urges Saudis to raise oil output 'by two million barrels'

It did not elaborate. President Donald Trump has asked Saudi Arabia's king to increase oil production to make up for a shortfall from Iran and Venezuela. Saudi Energy Minister Khalid al-Falih met with U.S. Secretary of State Mike Pompeo in Washington on Thursday to discuss energy security. US President Donald Trump and Saudi Arabia's King Salman attend a signing ceremony at the Saudi Royal Court in Riyadh.

Finance 7,000 crores of Indian money deposited in Swiss Banks in 2017
Author: 0 7,000 crores of Indian money deposited in Swiss Banks in 2017

Because of steps taken by the government , the total income tax collection for the year 2017-18 is Rs 10.02 lakh crore, a four year increase of 57 per cent, he said. Finance Minister Piyush Goyal said on Friday that the reported 50% rise in deposits by Indians in Swiss banks could not be presumed to be a case of black money parked overseas.

Finance Artist accuses Tesla of stealing farting unicorn artwork
Author: 0 Artist accuses Tesla of stealing farting unicorn artwork

It was past year when Musk tweeted (since deleted) how much he loved this "Farting Unicorn" mug , the Tesla CEO calling it "maybe my favorite mug ever". Months later, after hearing nothing back, Edwards gave an interview about the incident with the local Denver paper Westword . In now-deleted tweets, Musk said the image was not created by Edwards, and implied that the artist should be grateful for the exposure .

Finance Asia shares sideswiped by China skid, oil extends gains
Author: 0 Asia shares sideswiped by China skid, oil extends gains

China should take "self-defence measures" against USA tariffs by offering subsidies to companies and industries that may suffer losses from trade friction, the Chinese state-run tabloid Global Times said on Wednesday. The United States' friendlier stance on its trade relationship with China led global stock markets slightly higher on Wednesday, despite a 2 percent slide in Chinese equities, and drew the US dollar toward its second straight day of gains.

Finance USA sanctions on Iran won’t disrupt crude supplies: Indian refineries
Author: 0 USA sanctions on Iran won’t disrupt crude supplies: Indian refineries

West Texas Intermediate crude for August delivery increased 69 cents to settle at $73.45 a barrel on the New York Mercantile Exchange, the highest level since November 2014. Senior Trump administration officials have visited European nations this week and will head to the Middle East and Asia later to pressure countries to reduce their oil supplies from Iran.

Finance In farewell to U.S. shoppers, Toys R Us urges Play on!
Author: 0 In farewell to U.S. shoppers, Toys R Us urges Play on!

In the less than two days since Johnpiere posted the image on Facebook, it has been shared almost 300,000 times. But numerous children who happily sang the "I don't wanna grow up, I'm a Toys R Us kid" jingle grew into busy parents who found shopping online more convenient.

Finance Amazon Invites Startups to Help It Deliver
Author: 0 Amazon Invites Startups to Help It Deliver

Amazon announced a new in-home delivery feature in 2017 called Amazon Key that allows a driver not only to drop a package off at a customer's doorstep but also to go inside the home - even when they are not there - to make a delivery. Kroger says it plans to start a self-driving delivery service by the end of the year, becoming the first US grocer to make deliveries without a human riding along in case something goes wrong.

Finance Crude Prices Soar on Supply, Stockpile News
Author: 0 Crude Prices Soar on Supply, Stockpile News

Bank of America forecast that Brent, the global benchmark, will advance to US$90 a barrel in the second quarter of next year, while UBS Group predicted US$80 to US$85 in the second half of the year. President Donald Trump has repeatedly criticized OPEC for limiting oil production. The 14 members of OPEC were discussing whether to raise the daily oil production.

Finance Trump asks Saudi Arabia to increase oil production
Author: 0 Trump asks Saudi Arabia to increase oil production

Saudi Arabia said in a statement on the state-run Saudi Press Agency on Saturday that King Salman had received a telephone call from Trump and the two discussed the need to make efforts to "maintain the stability of oil markets". Increasing purchases by refiners such as JXTG, Japan's biggest, are likely to please U.S. President Donald Trump , who is pushing Japan to reduce its trade surplus with the United States, which topped $63 billion in 2017.

Finance BMW: 'no plans' to quit UK over Brexit
Author: 0 BMW: 'no plans' to quit UK over Brexit

BMW said that it will have to shut down its United Kingdom factories if Brexit disrupts its ability to import components quickly and reliably from mainland Europe . Last week, plane manufacturer Airbus warned it could pull out of the United Kingdom with the loss of thousands of jobs if Britain crashed out of the European Union without a deal.

Finance Ticketmaster hacked: How to check if your account has been compromised
Author: 0 Ticketmaster hacked: How to check if your account has been compromised

Ticketmaster says it disabled the Inbenta widget on all of its sites on Saturday, after discovering the breach. "As a result of Inbenta's product running on Ticketmaster International websites, some of our customers' personal or payment information may have been accessed by an unknown third-party".

Finance China lifts French beef ban as PM ends visit
Author: 0 China lifts French beef ban as PM ends visit

US President Donald has been complaining since his election campaign that Beijing is taking advantage of the US in terms of trade, while lawmakers have frequently raised concerns over US technology stolen by China. They also said all previous US-China trade negotiations would be invalidated. The European Union and China pledged on June 25 to uphold a rules-based global trade system, making an oblique criticism of growing protectionism in Washington despite their own disagreements.

Finance Rupee recovers from record lows after RBI intervention
Author: 0 Rupee recovers from record lows after RBI intervention

It's a new low for the Indian rupee . While trade tensions and oil prices have triggered a global risk aversion towards emerging market currencies, Prathamesh Mallya, chief analyst, currency at Angel Broking said USA asking India and other countries to stop oil imports from Iran by November 2018 or face sanctions further dented sentiments.

Finance German auto shares dip on Trump tariff tweet
Author: 0 German auto shares dip on Trump tariff tweet

The European Autos Stocks Index fell sharply after Trump's tweet and was last down 1.25 percent. "The United States has sought to use the threat of trade restrictions as leverage to obtain concessions from the European Union", EU trade official Cecilia Malmström said last month.

Finance Harley-Davidson to make more motorcycles outside the US
Author: 0 Harley-Davidson to make more motorcycles outside the US

The motorcycle tariffs rose from 6 percent to 31 percent, adding an average of $2,200 to the cost of a motorcycle. "Harley-Davidson expects ramping up production in worldwide plants will require incremental investment and could take at least nine to 18 months to be fully complete", the company said.

Finance China Says Washington Trade Actions Will Hurt American Workers
Author: 0 China Says Washington Trade Actions Will Hurt American Workers

United States overtures towards Taiwan, from unveiling a new de facto embassy to passing the Taiwan Travel Act, which encourages USA officials to visit, have further escalated tension between Beijing and Taipei. He said the restrictions will not be specific to China but would apply "to all countries that are trying to steal our technology ". After failing to successfully negotiate for a reduction of the U.S.'s $375 billion trade deficit, the administration is enacting new tariffs on ...

Finance Oil rises as outages balance trade dispute, Opec
Author: 0 Oil rises as outages balance trade dispute, Opec

The Organization of Petroleum Exporting Countries ( OPEC ) last week agreed to boost oil production after consumers from the United States to India and China expressed anxiety over rising prices. Brent is up more than 64% over the year. The Opec deal, which was reached after a last-minute compromise with Iran, is a victory for Saudi Arabia and Russian Federation that initially proposed an increase.

Finance Rouhani says Iran will not give in to pressure from Trump
Author: 0 Rouhani says Iran will not give in to pressure from Trump

The US has asked all countries, including India , to stop all oil imports from Iran by November as it ruled out any exemption to India and Indian companies from its reimposed Iranian sanctions regime for them carrying out any transaction with Iran.

Finance Trump Steps Up Threats Against Harley-Davidson
Author: 0 Trump Steps Up Threats Against Harley-Davidson

In an October re-election campaign launch video touting his record, Walker rides his Harley and asks the viewer, "Are you with me?" In fact, Harley-Davidson said it was shifting those Kansas City jobs to another factory in the USA - in York, Pennsylvania.

Finance The inexorable decline of the Turkish lira under Erdogan
Author: 0 The inexorable decline of the Turkish lira under Erdogan

Under these, he has the authority to appoint senior public officials, including judges, and rule without a prime minister. Several world leaders including Russian President Vladimir Putin, NATO chief Jens Stoltenberg , Iranian President Hassan Rouhani, Chinese foreign ministry spokesman Geng Shuang, Serbian President Aleksandar Vucic, President of Bosnian presidency Bakir Izetbegovic, Bulgarian Prime Minister Boyko Borisov, Hungary's nationalist Prime Minister Viktor Orban, Jordan's King ...

Finance USA restrictions on Chinese investment next front in trade dispute
Author: 0 USA restrictions on Chinese investment next front in trade dispute

And let me agree that Chinese companies have been stealing USA companies' intellectual property and European farmers and other businesses have been afforded protection for cultural and political reasons, so there is an economic fairness reason behind the Trump method but with European and United States markets taking big hits overnight, this is getting serious.

Finance Harley-Davidson to make motorcycles in Europe to avoid trade-war tariffs
Author: 0 Harley-Davidson to make motorcycles in Europe to avoid trade-war tariffs

Each motorcycle will cost an average of US$2,200 extra after the European Union raised its tariff on imported U.S. bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing . He further praised the executives "for building things in America" and predicted the company would expand its operations during his administration. Monday morning Harley Davidson announced it is set to begin shifting the production of motorcycles meant for ...

Author: 0 Trump planning new curbs on Chinese investment in the US

Trump in late May announced plans to impose steep tariffs on Chinese goods, and to follow up by June 30 with "specific investment restrictions and enhanced export controls" on Chinese companies and investors in "industrially significant technology".

Finance Erdogan declares victory in Turkish polls as opposition cries foul
Author: 0 Erdogan declares victory in Turkish polls as opposition cries foul

Turkey's main opposition candidate Muharrem Ince has conceded defeat in Sunday's presidential and parliamentary elections, calling on the victor, Recep Tayyip Erdogan, who returns as president, to end his divisive policies. Erdogan said there had been no serious voting violations. However, the People's Alliance , an election bloc between the AK Party and the far-right Nationalist Movement Party (MHP), still has the majority with a combined predicted number of 343 seats.

Finance MoviePass to begin surge pricing on popular movies
Author: 0 MoviePass to begin surge pricing on popular movies

MoviePass and AMC have been at odds ever since MoviePass lowered its subscription cost to the $9.95 a month plan. Members could see all three movies in one day if they wanted, watch the same film three times a week (or 12 times a month, if it stays around that long), reserve tickets and seats ahead of time and take advantage of the company's already established Stubs rewards program for concessions discounts and other amenities.

Finance Saudi Oil Minister Says Women Drivers Will Boost Gasoline Demand
Author: 0 Saudi Oil Minister Says Women Drivers Will Boost Gasoline Demand

But after midnight Sunday, Saudi women finally joined women around the world in being able to get behind the wheel of a vehicle and simply drive . Hessah al-Ajaji drivers her auto down the capital's busy Tahlia Street after midnight for the first time in Riyadh , Saudi Arabia , Sunday, June 24, 2018.

Finance The Senate passed the pot bill. What happens now?
Author: 0 The Senate passed the pot bill. What happens now?

Prime Minister Justin Trudeau announced the date Wednesday during the last question period in the House of Commons before MPs departed for a three-month summer break. Megan MacRae, executive director of human resources at the Toronto Transit Commission, discusses how Canada's biggest mass transit is preparing for the legalization of recreational cannabis.

Finance Greece gets 'historic' debt relief deal
Author: 0 Greece gets 'historic' debt relief deal

Eurozone states declared the severe debt crisis that has weighed heavy on the country since 2010 to be over, allowing Athens to escape some of the supervision of its creditors from August. A deal to ease Greek debt has always been seen as a key ingredient in the country's successful return to economic health and foray back into financial markets.

Finance EU slaps tariffs on US as trade war erupts
Author: 0 EU slaps tariffs on US as trade war erupts

Census data, and a 20 percent tariff on those goods could drive up their costs for consumers. Trump's threats come the same day that a new round of retaliatory tariffs imposed by the European Union against $3.2 billion worth of US imports goes into effect.

Finance Oil prices spike sharply after OPEC fails to deliver
Author: 0 Oil prices spike sharply after OPEC fails to deliver

He noted that many market participants agree with increasing oil production and within the framework of the forthcoming meeting of OPEC+ there will be many willing to comment on the recommendation of the monitoring committee to increase oil production by 1 mln barrels per day in the framework of the OPEC + agreement.

Finance The Supreme Court just caused stocks of online retailers to tumble
Author: 0 The Supreme Court just caused stocks of online retailers to tumble

And for the state of Georgia and local governments, a U.S. Supreme Court ruling Thursday means hundreds of millions of dollars in extra revenue pouring in annually. More than a dozen states have already adopted laws like that ahead of the court's decision, according to state tax policy expert Joseph Crosby. Brick and mortar retailers and state lawmakers have been lobbying for decades to reverse a 1992 ruling in Quill Corporation v.

Finance The burgeoning US-China trade war has entered a new phase
Author: 0 The burgeoning US-China trade war has entered a new phase

If China looks to raise its tariffs on USA goods again, President Trump plans to tack additional tariffs on another US$200bn worth of goods. In announcing the possibility of new $200 billion in tariffs , Trump mentioned that he still has an "excellent relationship" with Chinese president Xi Jinping.

Finance Trade War Fallout: 5 ways the Trump tariffs could impact air cargo
Author: 0 Trade War Fallout: 5 ways the Trump tariffs could impact air cargo

Late last month, Mr Trump proceeded to infuriate United States allies - from the European Union to Canada and Mexico by imposing tariffs of 25 per cent on imported steel and 10 per cent on aluminium. Some of the products chosen are created to target the states controlled by Republicans, who are seeking to retain control of both chambers of Congress in November elections.

Author: 0 OPEC reaches deal to raise oil output from July

But it remains to be seen what kind of compromise could emerge, given Iran's deep aversion to any attempt by OPEC allies to offset its expected production losses as a result of the impending USA sanctions. Iran had bridled at complaints on Twitter by U.S. President Donald Trump that the cartel was artificially inflating oil prices, which touched US$80 a barrel last month.