• Facebook Registers Subsidiary in China, Website Still Banned
Facebook Registers Subsidiary in China, Website Still Banned

Facebook said its Chinese subsidiary will focus on training and workshops that will help software developers and entrepreneurs to innovate. The subsidiary, which was approved July 18, has registered capital of $30 million, according to the filing.

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  • Mexican minister sees opportunity to advance stalled NAFTA talks
Mexican minister sees opportunity to advance stalled NAFTA talks

This carries the threat of replacing the trilateral trade deal with two bilateral accords in a spoke-and-hub arrangement that gives an advantage to the United States over its two neighbours and which Canada sought to avoid by pursuing the original NAFTA deal in the 1990s.

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  • Police Officer Helps Homeless Man Shave Ahead Of A Job Interview
Police Officer Helps Homeless Man Shave Ahead Of A Job Interview

Carlson plans on checking in with Phil later this week to see if he got the job. He did so after Phil told him that he had feared his facial hair would deter his local McDonald's from offering him a position there, the Tallahassee Democrat reported.

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  • Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack
Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack

Saudi Arabia's oil minister, Khalid Al-Falih, confirmed that two VLCCs operated by state-owned shipping company Bahri were attacked by Houthi rebels Wednesday morning in the Red Sea. Yemeni army also detonated naval mines planted by the Houthis on the west coast off Hajjah province. They accuse Iran of supplying the Houthis with weapons including...

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  • Oil rises as Saudi Arabia vows to maintain supply
Oil rises as Saudi Arabia vows to maintain supply

India's overall oil imports from Iran in June declined by about 16 per cent from May as refiners started weaning their plants off crude from Iran to avoid U.S. Investors are playing back the statements made by the head of the technical committee on monitoring the implementation of the OPEC+ agreement and concurrently with Saudi Arabia's OPEC dele...

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  • China being vicious on trade, says Trump
China being vicious on trade, says Trump

After the meeting with Mr Juncker, Mr Trump said the two sides would now be "more reciprocal". "A breakthrough has been quickly made that nobody thought possible!" Trump also said he would pursue generally freer trade with Europe . But Juncker said they had agreed not to impose any new tariffs while talks were taking place. On Wednesday, T...

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  • BoJ's Kuroda keeps mum on possible easing steps
BoJ's Kuroda keeps mum on possible easing steps

The yield on a 10-year Japanese bond rose as high as 0.092 per cent in early-morning trading, according to Tradeweb data, before the central bank's move pushed it back down to 0.08 per cent at the time of writing. Losses were most pronounced among super long-dated bonds, with the 40-year JGB auction initially attracting ample demand but later slidi...

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  • Auto tariffs won’t be imposed on European Union: Wilbur Ross
Auto tariffs won’t be imposed on European Union: Wilbur Ross

He said the EU had agreed "almost immediately" begin buying more U.S. soybeans and that the European bloc had agreed to increase LNG exports from the U.S. Ron Johnson said the unexpected move to manipulate trade through targeted subsidies 'is becoming more and more like a Soviet-type of economy'. The agriculture sector was already suffering b...

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  • Apple ditching Qualcomm in favor of Intel for iPhone modem
Apple ditching Qualcomm in favor of Intel for iPhone modem

Fast Company has reported on several occasions that Intel would provide all of the modems in future iPhones, and that Apple was working exclusively with Intel on a future 5G modem for the iPhone. The company this week touted speed tests for its Snapdragon 845 chip as proving its products are superior than Intel's, possibly in an attempt to...

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  • Iran's Rohani: Trump's 'cheap remarks' not worth responding to
Iran's Rohani: Trump's 'cheap remarks' not worth responding to

President Donald Trump on Sunday night warned Iranian President Hassan Rouhani on Twitter that his country would "SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE" if Rouhani ever threatened the US again.

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  • Trump to meet EU's Juncker in bid to resolve trade dispute
Trump to meet EU's Juncker in bid to resolve trade dispute

I've had several White House meetings with President Trump to express my concerns in strong terms. He told an event in Kansas City on Tuesday that "farmers will be the biggest beneficiary" of trade talks. "The programs we are announcing today help ensure our nation's agriculture continues to feed the world and innovate to meet the demand". ...

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  • Philips, Pioneer, ASUS and Denon & Marantz fined 111 million euros by EC
Philips, Pioneer, ASUS and Denon & Marantz fined 111 million euros by EC

Asus was not alone in the Commission's report, though: Audiovisual specialist Denon & Marantz, white-goods giant Philips , and home theatre company Pioneer were all named as having acted in similar methods by either barring resale below a predefined minimum price or by blocking cross-border orders from retailers seeking to benefit from regional...

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  • Facebook Falls After Missing Q2 Sales Estimates (NASDAQ:FB)
Facebook Falls After Missing Q2 Sales Estimates (NASDAQ:FB)

Facebook Inc's (FB.O) shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets.

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  • Former Ferrari president Sergio Marchionne passes away aged 66
Former Ferrari president Sergio Marchionne passes away aged 66

In 2002 he was appointed chief executive of the Geneva-based SGS group, which was controlled by the Agnellis. "I spoke to a few of them", said a source close to the company. "Saddened to hear about the passing of Sergio Marchionne , a great man and an auto industry legend". To that end, he publicly campaigned for a merger with General Motors C...

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  • Trump offers help to farmers hit by escalating China trade war
Trump offers help to farmers hit by escalating China trade war

Trump, who enjoyed 88 per cent support from Republicans in a recent poll, brushed back his congressional critics online. Agriculture Secretary Sonny Perdue on the $12 billion in aid for farmers and addresses concerns over the impact of tariffs.

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  • Michigan Lottery: $1M winning Mega Millions ticket bought in Detroit
Michigan Lottery: $1M winning Mega Millions ticket bought in Detroit

Here are your winning Mega Millions numbers: 1, 2, 4, 19, 29 with a Megaball of 20. Since then, in May, a ticket sold in OH won a $142 million jackpot claimed by a trust. Two tickets, sold in MA and Texas, are worth $3 million each because of the optional Megaplier. In all, three Mega Millions jackpots have been awarded in 2018.

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  • Papa John's shares fall as board adopts 'poison pill'
Papa John's shares fall as board adopts 'poison pill'

Shares of Papa John's plunged more than 7 percent in early morning trading after the company's board adopted a so-called poison pill to prevent its embattled founder, John Schnatter , from taking control of the company. Analysts have said that the Schnatter incident is likely to hurt Papa John's share in a USA restaurant market where it is compe...

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  • FCA's Sergio Marchionne dies at 66
FCA's Sergio Marchionne dies at 66

Brit Mike Manley replaced Marchionne as Fiat Chrysler CEO only last week, as the Italian's health worsened following surgery on his shoulder. "My family and I will be forever grateful for what he has done". Born in Britain and based at the former Chrysler headquarters in suburban Detroit, Manley is expected by bankers and analysts at least initia...

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  • Former FCA CEO Sergio Marchionne dies aged 66
Former FCA CEO Sergio Marchionne dies aged 66

It is not yet known what the reason for his death is, but complications arose after undergoing surgery on his shoulder recently. Jeep head Mike Manley , appointed just four days earlier to succeed Marchionne as CEO, opened the company's results presentation with a minute's silence.

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  • After Trump tweet, White House says Iran, not U.S., is 'inciting'
After Trump tweet, White House says Iran, not U.S., is 'inciting'

Many ordinary Iranians are anxious that the war of words might lead to a military confrontation but insiders in Tehran told Reuters they believed the Trump administration would not drag the United States into another quagmire in the Middle East.

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