Markets

China: The United States Has ‘Launched a Trade War’

The new import penalties will cover what the White House on Friday described as items that "contain industrially significant technologies" it contends are par...


N Brown mulls shuttering all stores | Apparel Industry News | just-style

Angela Spindler, the chief executive, said: "This was a challenging period for fashion retail". In a trading update this morning, the company said following "...


Retailers urged to cut diesel and petrol prices as wholesale costs fall

Drivers who fill up with diesel will save up to 2p a litre. "Customers can trust us to lead the way when it comes to lowering the price of fuel and putting ...


Hong Kong consortium makes $9.8 bln bid for Australia's APA

CK Infrastructure Holdings already owns Australian assets including Australian Gas Networks, Duet Group, and a 51 per cent stake in SA Power Networks. However, ...


Unemployment drops to 5.4pc despite 21,000 full-time jobs being lost

South Australia's jobless rate has fallen to 5.6 per cent, continuing the state's relatively strong performance over recent months. Participation rate decre...


Global crude oil demand growth is now hostage to China, India: Russell

Iraq, OPEC's second-largest producer, said the group should resist pressure to increase oil supplies because its curbs haven't yet achieved their goal, with cru...


Rolls-Royce to axe 4600 jobs in £400m savings plan

The group said the bulk of these job cuts would affect the United Kingdom workforce and would be made over the next two years, with around a third expected by t...


VW fined €1 billion by German prosecutors over diesel emissions scandal

Volkswagen AG accepted the fine and, by doing so, admitted its responsibility. Prosecutors in Braunschweig, Germany , announced the penalty Wednesday in con...


China imposes equal tariffs on United States imports in retaliation

As he made the US tariffs official, Trump said that "if China engages in retaliatory measures, such as imposing new tariffs on United States goods, serv...


Facebook Answers Senate Questions in 500 Pages, Denies Shadow Profiles

The responses come from Facebook Inc. and not Zuckerberg personally, with frequent use of "we" pronouns. These topics were also covered when the Facebook CEO...


'Our hearts break': law enforcement react after 2 Wyandotte County deputies shot

The suspect, who multiple sources say is Antoine Fielder , was also struck in the shooting. The other deputy is in critical condition, but officials have not...


Will Amazon's work to kill a Seattle tax spook other cities?

Seattle CBS affiliate KIRO reported that after last month's vote, Amazon responded with a statement opposing the vote, reading partly, "Amazon, Starbucks a...


Self-employed man wins rights against Pimlico Plumbers: what it means for workers

The appeal was unsuccessful so Pimlico Plumbers appealed to the Supreme Court . As such, he took the case to the Supreme Court . But the employment tribunal...


Elizabeth Holmes steps down as Theranos CEO as DOJ levels charges

David Taylor, the company's general counsel, will take over as CEO. Elizabeth Holmes has left her role as CEO of Theranos and has been charged with wire f...


Trump preps China tariff target list, Beijing ready to retaliate

The US president said the new tariffs, which will start to take effect on July 6, were created to punish China for the theft of American intellectual proper...


Regional American Airlines carrier cancels 100s of flights

The airline's efforts to accommodate passengers on American flights and other regional carriers were found lacking by some customers who expressed their displea...


McDonald's to test alternatives to plastic straws in US

The chain has been working with start-up Transcend Packaging, based in Wales, and Huhtamaki, an global company that will produce the straws in Belfast. McDonald...


Kellogg recalls Honey Smacks cereal over salmonella risk

The Kellogg Co. announced a massive nationwide recall of Honey Smacks cereal on Thursday. Seven illnesses have been reported in NY - the most of any state - wit...


Wetherspoon to stop selling champagne ahead of Brexit

Others were quick to point out that Martin's statement made no mention of Prosecco, which is routinely advertised in the pub's food and drink offers and is more...


China Urges US to Make 'Wise Decision' Ahead of Tariff Deadline

President Trump on Friday will announce a 25 percent tariff on $50 billion of Chinese products, the latest move in his intensifying campaign to rewrite the rule...