• The Total Cost of Trump's New Tariffs
The Total Cost of Trump's New Tariffs

USA trade policy does need a lot of help, but crude responses like tariffs (and the totally unsurprising retaliation from other countries towards US exports) probably aren't going to cut it . A Reuter's report, titled "Discount not discourse to boost USA soy sales to EU", points out clearly that the recent deal reached between the US and Europe to...

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  • China Announces $60 Billion of U.S. Goods for Tariff Retaliation
China Announces $60 Billion of U.S. Goods for Tariff Retaliation

Beijing plans to impose an additional 5% in tariffs on about 600 kinds of products including planes and computers, another 10% on nearly 1 000 products including wigs and textiles, an extra 20% on more than 1 000 items including some chemicals, cookers and paper, and an additional 25% on over 2 400 products such as meat, wheat, wine and LNG, acco...

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  • Newshour, US hits Turkey with sanctions over jailed pastor
Newshour, US hits Turkey with sanctions over jailed pastor

Secretary of State Mike Pompeo pressed Turkey on Friday for the release of detained American pastor Andrew Brunson , warning that the issue was "very serious". The Erdogan government has vowed to retaliate against the US sanctions, announced Wednesday, but has not revealed what they will be. Cavusoglu, however, said both the countries have agree...

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  • Apple becomes first United States company worth $1 trillion
Apple becomes first United States company worth $1 trillion

The rally continued on Thursday, propelling shares to the magic number of $207.05. Apple has seen sales of Mac computers grow despite overall shrinking in the market. It has moved to keep up with trends in artificial intelligence and voice-commanded smart speakers. But a traditional industrial business, The Saudi Arabian Oil Company known as ...

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  • Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results
Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Corona beer distributor Constellation Brands Inc. invested $245 million for a 9.9 per cent stake in Canada's largest licensed cannabis producer, Canopy Growth, last year. However, worldwide brand volumes were down 2% in Q2 driven by declines in the the USA (-5%) and Canada (-2%) that were only partially offset by Europe (+3%).

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  • Apple's Market Cap Hits $1 Trillion
Apple's Market Cap Hits $1 Trillion

Apple became the first publicly traded American company to reach a trillion-dollar market capitalization on August 2, when its share price surged following the announcement of record second-quarter financial results. But there is some interesting data in the report, which notes that the worldwide infrastructure as a service (IaaS) market increas...

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  • China threatens tariffs on $60 billion of USA imports
China threatens tariffs on $60 billion of USA imports

But the president is losing his trade war based on Trump's own preferred statistic-U.S. the trade deficit-which has continued to grow both in overall terms and with respect to China specifically. "But there's nothing you can do about 25". "The cost increases will be passed on to customers, so it will affect most Americans pocketbooks". "Nor d...

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  • Nigeria's manufacturing index, inventories drops to 56.8 in July as expansion continuesNaija247news
Nigeria's manufacturing index, inventories drops to 56.8 in July as expansion continuesNaija247news

The Manufacturing Purchasing Managers' Index (PMI) in the month of July stood at 56.8 index points, indicating expansion in the manufacturing sector for the sixteenth consecutive month, 0.2 index points slower than that of the previous month, Naija247news has learned.

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  • Apple Becomes First Company to Reach $1 Trillion Worth
Apple Becomes First Company to Reach $1 Trillion Worth

The quarter also marks a new revenue record for Apple services at US$9.5 billion which is a 31% increase year on year. APPLE OFFICIALLY BECAME the world's first trillion-dollar company on Thursday. However, it depends on knowing the number of shares, which is affected by Apple's buybacks . The only way Apple could possibly recover, the repor...

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  • Trump administration adds to China trade pressure with higher tariff plan
Trump administration adds to China trade pressure with higher tariff plan

In response, the White House has established a comment period on the proposed tariffs, which includes public hearings where businesses can request exemptions. Concerns about the trade war are popping up in various business and consumer confidence surveys, prices for goods hit by various tariffs are on the rise, and businesses are starting t...

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  • Chinese media denies reports of Google's return to country
Chinese media denies reports of Google's return to country

Almost a decade after leaving China in a huff, Google is now reportedly working on making a comeback in the Middle Kingdom with a search engine that will fully comply with the wishes of Chinese censors. The Intercept also reports that Google CEO Sundar Pichai met with a senior Chinese government official in December previous year and the gover...

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  • Apple is now worth $1,000,000,000,000
Apple is now worth $1,000,000,000,000

Apple Chief Executive Tim Cook has a trillion reasons to smile. Shares of the world's most valuable public company briefly climbed above $207.04, making it worth $1 trillion overall. The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion. Apple shares rose over three percent on a strong ear...

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  • Oil to hold steady into 2019 as Opec, US meet growing demand
Oil to hold steady into 2019 as Opec, US meet growing demand

Saudi Arabia last week said it was suspending oil shipments through the Red Sea's Bab al-Mandeb strait, one of the world's most important sea routes for crude oil, after Yemen's Iran-aligned Houthis attacked two ships in the waterway.

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  • McDonald's serves pregnant woman coffee mixed with cleaning fluid
McDonald's serves pregnant woman coffee mixed with cleaning fluid

The customer, who is 32 weeks pregnant, reportedly pulled over after drinking and then spitting out the liquid, CBC said . In a statement issued to multiple publications, franchise owner Dan Brown acknowledged the mistake and said he has apologized to Douglas.

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  • Chipotle slumps 8 pct after Ohio outlet linked to food poisoning complaints
Chipotle slumps 8 pct after Ohio outlet linked to food poisoning complaints

A spokesperson for Chipotle told Business Insider on Monday , "We take all claims of food safety very seriously and we are now looking into a few reports of illness at our Powell, Ohio , restaurant ". The chain continues to grapple with the financial implications of the 2015 crisis, which triggered a federal investigation and prompted the co...

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  • Ohio's back to school tax-free weekend approaches
Ohio's back to school tax-free weekend approaches

The tax-free weekend offers great savings on hundreds of items, but not everything is exempt, such as watches, radios, CD players, headphones, and sporting equipment. "It's kind of confusing", said Hollenbeck, "because certain categories can have items that are tax free, and those that aren't". Qualifying items in Oklahoma include clothing and ...

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  • Bank of England hikes interest rates to highest level since 2009
Bank of England hikes interest rates to highest level since 2009

The August move came after India's annual consumer inflation hit 5 per cent in June, the eighth straight month it topped the RBI's medium-term 4 per cent target. "The trade skirmishes evolved into tariff wars and now we are possibly at the beginning of currency wars", Dr. Patel said at a post-policy briefing.

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  • Apple is the first $1 trillion company in history
Apple is the first $1 trillion company in history

The milestone comes a day after Apple reported blockbuster quarterly earnings . The $1 trillion milestone is largely symbolic, though impressive. His ignominious departure came after losing a power struggle with John Sculley, a former Pepsico executive who he recruited to become Apple's CEO in 1983 - seven years after he and his geeky friend S...

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  • Trump threatens to increase tariffs on China; China calls it ‘blackmail’
Trump threatens to increase tariffs on China; China calls it ‘blackmail’

At the same time, the USA indicated it is open to restarting formal negotiations with China, though Beijing must agree to open its markets to more competition and stop retaliating against us trade measures. The higher tariff rate, if adopted, would apply to a list of goods valued at $200 billion identified by the USTR last month as a response to ...

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  • Google’s secret China project sparks anger among workers
Google’s secret China project sparks anger among workers

The project is code named " Dragonfly " and has been underway since the spring of 2017, the news website said. Once the app is completed, if Google believes the product excels China's current leading search engine, Baidu, and it gets approved by China's government, Dragonfly would be the USA search giant's biggest step in the Chinese market.

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