• U.S. seeks to block China Mobile's entry, escalating tension
U.S. seeks to block China Mobile's entry, escalating tension

Concerns about national security prompted the Trump administration to recommend preventing China Mobile from entering the US telecommunications market. According to the document, China Mobile had applied to be a carrier of global calls between United States and foreign countries. Neither China Mobile nor the FCC were immediately available f...

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  • Nathan's Hot Dog Eating Contest 2018 Livestream: History Of July 4 Extravaganza
Nathan's Hot Dog Eating Contest 2018 Livestream: History Of July 4 Extravaganza

Defending champion Joey Chestnut won the men's competition, nabbing his 11th win. Sudo ate 41 hot dogs previous year to beat 98-pound "The Black Widow" Sonya Thomas . However, offshore sports books don't mind lining the action, as ESPN reports that Chestnut is a -700 favorite to win while the total hot dogs and buns consumed by the victor is...

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  • European Union warns Trump: motor tariffs could lead to £230bn retaliation
European Union warns Trump: motor tariffs could lead to £230bn retaliation

We have to work something out", Rutte said . Of the 10 states facing the biggest financial losses, seven voted for Trump in the presidential election, according to the report. "All of these factors would substantially increase the costs of exporting passenger cars to these markets from the United States and deteriorate the market access for BMW in...

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  • Chinese tycoon Wang Jian dies from fall in France
Chinese tycoon Wang Jian dies from fall in France

It also has finance, logistics and technology businesses. Chinese tycoon Wang Jian has died in France in weird circumstances while on a sight-seeing trip. HNA Group started as a small provincial airline servicing China's Hainan Province but has expanded quickly in recent years under the leadership of Wang and co-founder Chen Feng.

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  • Hyundai Says FCA Buyout Rumor Is
Hyundai Says FCA Buyout Rumor Is "Totally Groundless"

Hyundai could be a good partner to FCA since it is now relatively weak in the Asian region, where Hyundai has a strong base. Sergio Marchionne has been vocal about merging FCA with another big automaker and three years ago, a deal with General Motors did not come into fruition.

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  • China will counterpunch U.S. with $34 billion in tariffs
China will counterpunch U.S. with $34 billion in tariffs

European Union leaders at a summit in Brussels last week warned that the European Union would respond to all United States actions "of a clear protectionist agenda". "The Chinese government's position has been stated many times". But EU officials expect any moves to be more symbolic than substantive. The EU on Friday submitted comments warning th...

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  • Lakers rumors: Spurs most recent absurd asking price for Kawhi Leonard
Lakers rumors: Spurs most recent absurd asking price for Kawhi Leonard

This is especially true considering that James agreed to a multi-year deal , which is something he was not willing to do with Dan Gilbert and the Cleveland Cavaliers . The Portland Trail Blazers' guard has been mentioned in trade rumors the last couple of years, but those rumors have never gained serious traction. That reason alone would be enoug...

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  • Trump Trade Legislation Has Unfortunate Acronym of FART
Trump Trade Legislation Has Unfortunate Acronym of FART

FART Act, stinks. American consumers pay for tariffs. A leaked propaganda notice from the Chinese government states that the country is using to tariffs to try and disrupt and split President TrumpDonald John TrumpTrump: Democratic voters will support Republicans because of ICE criticism Coney Barrett, Kavanaugh among candidates who met with T...

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  • Iran announces plan to circumvent United States oil sanctions
Iran announces plan to circumvent United States oil sanctions

US officials are pressing allies in Europe, Asia and the Middle East to adhere to the sanctions once they are re-imposed, with the aim of pressuring Iran into negotiating a new agreement. Venezuelan production fell to 1.36 million bpd by June, compared to just under 2.5 million bpd at the start of previous year, amid a structural underinvestment in...

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  • Largest US business group attacks President Trump on tariffs
Largest US business group attacks President Trump on tariffs

The statement comes in response to a Section 232 investigation into auto imports- followed by a tweet issued by Pres. Trump on June 26 hinting at possible tariffs on cars and vehicle parts from the European Union . It says Mr. Trump's rhetoric about European trade surpluses is not just unfair, it is untrue: If the full economic picture is take...

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  • German government crisis: What are Merkel's options?
German government crisis: What are Merkel's options?

Seehofer's concerns. But Merkel had refused saying there needed to be other European nations involved. She said she would wait to see what the leadership of the two parties decides "and then we will see what comes next, step for step". Up until Monday, Merkel remained unabated defender of her approach to the migrant crisis rocking the continent. ...

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  • Mexico's AMLO Calls Trump 'Erratic and Arrogant'
Mexico's AMLO Calls Trump 'Erratic and Arrogant'

He will face a laundry list of challenges, including a lackluster economy and a thorny relationship with the United States under President Donald Trump , whose anti-trade, anti-immigration policies have turned diplomacy with Mexico's key trading partner into a minefield.

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  • Donald Trump Threatens Action On WTO After Reports He Wants To Withdraw
Donald Trump Threatens Action On WTO After Reports He Wants To Withdraw

Last Friday the outlet had reported that Trump had asked aides about pulling the US out of the WTO, and said the world had used the organization to "screw the United States". On Sunday, Canada retaliated against Trump's steel and aluminum tariffs by imposing tariffs on about $13 billion worth of USA exports. "We'll spare no effort, be it at the...

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  • ‘Impeach 45' apparel at Walmart sparks calls for boycott
‘Impeach 45' apparel at Walmart sparks calls for boycott

Ryan Fournier , chairman of the group Students for Trump , was one of the first to discover Walmart was selling the clothing item, according to the International Business Times . Fox News notes that Old Glory is the company that is selling the clothing with "Impeach 45" emblazoned across the front. Walmart did not immediately respond to a re...

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  • Trump’s latest attack on Harley-Davidson makes absolutely no sense
Trump’s latest attack on Harley-Davidson makes absolutely no sense

President Donald Trump says his administration is courting motorcycle companies that want to move to the US after Harley-Davidson disclosed last week it would move some assembly overseas. Asked about the tweet, White House senior adviser Kellyanne Conway had no comment. Trump warned that the company would not be able to sell foreign-made motorc...

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  • Lyft Buys the Largest U.S. Bike-Sharing Company
Lyft Buys the Largest U.S. Bike-Sharing Company

The ride-hailing service announced Monday that it's buying New York-based Motivate, the company that runs Boston's Blue Bikes (formerly known as Hubway), New York's Citi Bike, and other similar services in San Francisco, Chicago, D.C., Portland, Columbus, and Minneapolis.

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  • Andrés Manuel López Obrador Wins Mexico's Presidential Election
Andrés Manuel López Obrador Wins Mexico's Presidential Election

Mr Lopez Obrador is expected to move Mexico in a more nationalist direction as he becomes the first leftist to rule the country in decades. The PRI, which dominated Mexican politics for almost the entire 20th century and recaptured the presidency in 2012, looks set to suffer heavy losses, not just for the presidency but in other races as we...

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  • Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan
Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

HTC has officially put out the information saying that it would let go of 1,500 employees from its manufacturing unit in Taiwan. In 2017, HTC incurred a net loss of NT$16.91 billion and a loss per share of NT$20.58, the highest since it listed on the Taiwan Stock Exchange in March 2002.

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  • Facebook had data sharing deals with 52 companies
Facebook had data sharing deals with 52 companies

Some of the biggest tech companies on the planet were mentioned as receiving the user data, including Apple , Amazon , Microsoft and Samsung . Not all of the companies are device makers; some make operating systems or other software.

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  • EU warns Trump: auto tariffs could lead to $300B retaliation
EU warns Trump: auto tariffs could lead to $300B retaliation

In a tweet , Trump boasted that his efforts to renegotiate trade pacts are "coming along very well". "Economic analysis confirms that an increased tariff on these products will be harmful first and foremost for the U.S. The European Union today slammed the Trump administration for considering tariffs on auto imports, saying they could lead t...

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