Walmart said Friday that it will stop selling electronic cigarettes at its namesake stores and Sam's Clubs following a string of mysterious illnesses and deaths related to vaping.
British Prime Minister Boris Johnson on Wednesday unveiled plans to suspend Parliament until October 14, days ahead of the October 31 Brexit deadline, in order to present what was described as a "new bold and ambitious legislative agenda", a move which has attracted widespread criticism from the Opposition.Downing Street said Johnson had spoken to Queen Elizabeth II to request an end to the current parliamentary session in its second sitting week next month, starting September 9.
US President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies. China said on Saturday it strongly opposes Washington’s decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences if it does not end its “wrong actions”.
President Donald Trump declared Friday that he had "hereby ordered" American companies "to immediately start looking" for alternatives to operating in China, hours after Beijing announced new trade sanctions on U.S. products. But as markets in the U.S., Asia and Europe tumbled, the White House offered no further details or explanation of Trump's intentions.
President Donald Trump says his administration is a looking at a variety of tax cut proposals but not as a response to a potential recession, saying "I'm looking at that all the time anyway." Trump's talked about the economy and trade with China during a meeting Tuesday in the Oval Office with the president of Romania. Trump says the word recession is "inappropriate" and if the Fed would do its job, "you would see a burst of growth like you've never seen before."
The announcement Tuesday from the Office of the U.S. Trade Representative was greeted with relief on Wall Street and by retailers who have grown fearful that the new tariffs would wreck holiday sales. The administration says it still plans to proceed with 10% tariffs on about $300 billion in Chinese imports — extending its import taxes to just about everything China ships to the United States in a dispute over Beijing's strong-arm trade policies.
Stephen Dickson, a former Air Force pilot and Delta Air Lines executive, was sworn in to lead the FAA in Washington Monday. Dickson pledge that safety would be his highest priority, and he said the Boeing 737 Max jetliner would not return to service until he is convinced it is safe to fly.
President Donald Trump has announced that the U.S. will place tariffs on nearly all Chinese products headed toward America beginning next month. This means that for the first time, Chinese toys, clothing, electronics like iPhones will now face penalties. New Orleans resident Shara Johnson says she's not surprised – and expects to feel at least some impact on the consumer side.
Beijing pledged to respond if the US insists on adding extra tariffs to the remainder of Chinese imports, as President Donald Trump’s abrupt escalation of the trade war between the world’s largest economies sent stocks tumbling across three continents. Chinese foreign ministry spokeswoman Hua Chunying called Trump's move a "serious violation" and warned Beijing would have to take "necessary countermeasures" if the tariffs were imposed. "We don't want to fight, but we are not afraid to fight," Hua told a briefing on Friday.
President Xi Jinping and his American counterpart Donald Trump moved Saturday to re-launch stalled talks to end an escalating trade row, according to the Chinese state media which said the US has agreed not to impose new tariffs on imports from China. The move came as Trump held a lengthy meeting with Xi on the sidelines of the Group of 20 economic summit in Osaka, Japan. During the meeting, the US said it will not add new tariffs on Chinese exports, China's state -run China Daily reported.
Sir Jony Ive, the design guru behind Apple's popular products is leaving the company after nearly 30 years. In an official press release, Apple announced that Sir Jony Ive will resign as Apple's chief design officer later this year to form an independent design company, which will sign Apple among its primary clients. Apple CEO Tim Cook said that Apple will continue to directly work with Jony on exclusive projects. Some of Ive's noteworthy work includes the 1998 iMac, the iPhone, and the Apple Park that is in itself a design marvel shaped like a spaceship.
Apple Inc has asked its major suppliers to assess the cost implications of moving 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.
After months of speculations and rumours, Facebook has officially announced a new global cryptocurrency called Libra. As the official blog explains, the new digital currency will be made available through a digital wallet called Calibra that will be available in Facebook Messenger, WhatsApp, and as a standalone app. The company expects to launch it in 2020.
China said Monday it will raise tariffs on $60 billion worth of US goods from June 1, in retaliation to the latest round of US tariff hikes and Washington's plans to target almost all Chinese imports. The announcement came after the latest round of US-China trade negotiations ended Friday without a deal, and after Washington increased tariffs on $200 billion worth of Chinese goods. US President Donald Trump had also ordered the start of a process to impose new duties on another $300 billion worth of Chinese items.
Describing current global economic atmosphere as "a delicate moment", IMF chief economist Gita Gopinath Tuesday said that while the global economy continues to grow at a reasonable rate and a global recession is not in the baseline projections, there are many downside risks.
Tokyo, Ousted Nissan Motors Co. Chairman Carlos Ghosn reiterated his innocence and called himself the victim of "a conspiracy", in a video released by his lawyers on Tuesday that was recorded before his arrest last week."I am innocent," Ghosn said, adding that he still loved both Nissan and Japan.
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