Business

by | June 02, 2019 | 01:06

It added that GST on kerosene oil and light diesel oil has been increased to 17 per cent. The Notification issued by Ministry of Finance approves pretrol price hike by Rupees Rs 4.26 per litre for the month of June 2019. Meanwhile, the prices of Kerosene and light diesel oil were slight increased Rs 1.69 and Rs 1.68 litre respectively. Earlier last month, the Pakistan Tehreek-e-Insaf (PTI) government dropped its first "petrol bomb" on masses, increasing prices of petroleum products by up ...

by | June 01, 2019 | 02:25

Trump also said he plans to increase the tariffs to 25 percent so long as he believes Mexico was not helping to solve immigration issues. With every month that passes without action from Mexico, the tariff would jump in 5 percent increments until they hit 25 percent on October 1, according to a White House statement .

by | May 31, 2019 | 02:10

If the threat from Huawei is real, what's the evidence? Washington's battle with Huawei is spreading to what seems like every corner of business operations around the globe, and this week that included worldwide courier delivery services as well.

by | May 29, 2019 | 02:29

Reuters first reported the events, detailing two packages sent last week from Tokyo to Huawei offices in mainland China that somehow ended up at FedEx headquarters in Memphis, Tennessee. It reiterates that this was a shipping error and there are no external third parties involved. "Such an error rate could be fatal for a package delivery company".

by | May 28, 2019 | 01:50

As part of the proposal, each of the companies would own 50% shares of the combined business. Carmakers are being pushed by regulators to develop electric vehicles to lower emissions. Judging by what FCA is saying, Nissan, as a partner for Renault , will also be involved in the new company. FCA's portfolio includes Abarth, Alfa Romeo, Chrysler, Dodge , Fiat, Jeep, Lancia, Maserati and Ram Trucks, with Ferrari having been spun off from the group in 2016.

by | May 27, 2019 | 00:44

The Commerce Department reported that orders for non-defense capital goods excluding aircraft, dropped 0.9% last month as demand weakened nearly across the board. Second-quarter GDP growth estimates are below a 2% annualized rate. "Before the tariffs were increased a couple weeks ago, China's PMIs appeared to be recovering somewhat, pointing to better US numbers in due course", chipped in Pantheon Macroeconomics's Ian Shepherdson.

by | May 25, 2019 | 03:14

The question is: Can it succeed where others have failed? For China, the Huawei ban doesn't affect them as much since China doesn't use Google services but have their own alternative services already in place. Jia said. Microsoft declined to comment on when the products were removed. A Huawei spokesman confirmed the remarks. The Commerce Department has also announced an effective ban on U.S.

by | May 25, 2019 | 02:10

Hunter Kelly, Sam Woodward and Alan Hudson of EY have been appointed to act as special managers to assist the Official Receiver with his duties in relation to British Steel, including engaging with staff and contacting the steelmaker's customers.

by | May 23, 2019 | 01:36

He said the election narrative was seeing a change and said "the poor were the biggest caste". While the thanksgiving meeting for the Union cabinet for their "service to the nation" is an organisational exercise, the NDA meeting comes with a political message.

by | May 23, 2019 | 01:23

However, ARM's decision to end its business with Huawei cuts it off from the chip designs it needs to build the Kirin SoC. While Huawei and its Honor phones, which is a sub-brand of the firm, all use the company's own in-house chipsets under the Kirin series, they are relying on the ARM architecture to power the technology.

by | May 22, 2019 | 01:46

Slightly more than three-fourths of the roughly 17 million votes have been counted. Speaking to ABC TV just moments after Scott Morrison's victory speech on Saturday, Australian comedian and national icon Magda Szubanski described this Labor policy as "franking-stein's monster" due to its complexity and the vicious nature of the debate it created.

by | May 20, 2019 | 12:35

Analysts polled by FactSet had expected adjusted earnings of 40 cents a share on sales $3.53 billion for the company. Baidu also estimated sales drop. Considered China's answer to Google, Baidu has traditionally relied on advertising for much of its revenue, a sector that is particularly vulnerable to economic slowdowns like the one China is now experiencing.

by | May 20, 2019 | 10:54

The company priced its IPO at the top of the projected price range at $17 a share. The stock finished its first day at $20.38. "We have done what most people do in 15 or 20 years". The brand is banking on increased coffee consumption in China, expected to rise to 15.5 billion cups by 2023 from 8.7 billion a year ago, according to a report cited by Luckin in its prospectus.

by | May 20, 2019 | 11:52

SNC-Lavalin Group Inc.'s attempt to sell a stake in a Toronto toll road is bumping into legal headaches, though the embattled construction firm says the transaction is still on track to proceed. The company traded as low as C$26.02 and last traded at C$26.17, with a volume of 470318 shares changing hands. Cintra holds 43.2% of highway 407 , and indirectly owned subsidiaries of CPPIB own about 40%.

by | May 18, 2019 | 06:05

Powered by 36 jet engines, but lacking a tail, rudder and propellers, the aircraft is created to take-off and land vertically. Daniel Wiegand, co-founder and chief executive of Lilium, said: "Moving from two to five seats was always our ambition as it enables us to open up the skies to many more travellers".

by | May 17, 2019 | 16:47

Items affected include beef, lamb and pork products, as well as various varieties of vegetables, fruit juice, cooking oil, tea and coffee. This comes after President Donald Trump raised tariffs on Chinese imports last week. US equities fell sharply last week after Trump threatened to hike tariffs on China. "Investors are looking for opportunities to get into this market, and so far in 2019 there really haven't been any "buy the dip" opportunities other than last week", Ryan Nauman, market ...

by | May 16, 2019 | 01:58

They were also awarded $55 million in compensatory damages. Last August, another Californian man was awarded $289m after a jury also found Roundup caused his cancer . "We've been fighting cancer for nine years. We really resent Monsanto for that", Pilliod said. The prior two jury verdicts against Bayer in Roundup trials in the U.S.

by | May 14, 2019 | 02:46

K. The ride-hailing business priced its stock at $45 a share on Thursday, giving the company a valuation of $82.4 billion. Lyft shares fell three per cent to US$49.38, and have given back some 30 per cent since the company's market debut in late March.

by | May 14, 2019 | 01:17

But if the plaintiffs win at trial, Mark Rifkin, a lawyer representing them, said that "the overcharges paid by consumers since Apple's monopoly began will be measured in the billions of dollars". The court's four liberal justices joined Kavanaugh in the 5-4 decision. Gorsuch also was appointed by Trump. There has been exponential growth in the availability of apps since Apple created the App Store in 2008 with 500 choices.

by | May 13, 2019 | 18:41

His report comes just days after the Trump administration issued a new maritime alert - warning of "acts of sabotage" to ships off the UAE coast as tensions continue to rise between the United States and Iran . Although the real reason behind the incident has not been revealed yet, the early reports, citing eyewitnesses, further suggested that American and French warplanes have been seen flying over the port at the time of the incident.

by | May 12, 2019 | 07:38

Despite that, Ferrari has continued to build V6 and V8 engines for use in Maserati models such as the Ghibli, Quattroporte , Levante, GranTurismo and GranCabrio models. "Well, we supply various engines, so it's very hard to answer that question as to when it's actually going to zero, but certainly I would say by 2021 [or] 2022", said Camilleri.

by | May 12, 2019 | 07:31

Nestled within its full-year financial results presentation is a brief mention of plans for a large architecture with inline-six compression ignition petrol and diesel engines, earmarked Skyactiv-X and second-generation Skyactiv-D, respectively, in addition to the evolution of its Kodo design language and upgrades to its small architecture Skyactiv powertrains.

by | May 10, 2019 | 02:07

The company has confirmed that the cybercriminals made off with 7,000 bitcoins which, at current prices, translates to roughly $41 million. Initial analysis suggested hackers had plundered the currency from a bitcoin wallet belonging to the company in one vast transaction .

by | May 09, 2019 | 01:59

Workhorse Group , led by Workhorse founder Steve Burns, would acquire the facility and would hold a minority stake in a new venture, a GM statement said. "We also expect to bring more jobs to the USA over time in support of the expected provisions of the USMCA". The DMAX plant in Moraine is expanding diesel engine production for GM's all-new heavy-duty pickups, which go on sale later this year.

by | May 06, 2019 | 00:43

Heinz, which Berkshire and Brazil's 3G Capital controlled. Keep up with live updates on the Berkshire Hathaway 2019 Annual Shareholders Meeting here. On Friday, shares of Amazon jumped more than 3%. The veteran USA investor said he would like to make more of a name for his firm, Berkshire Hathaway , in the United Kingdom and in Europe.

by | May 06, 2019 | 00:40

A raise of around $ 2 billion is in line with what several Tesla analysts were expecting. Articles appear on euronews.com for a limited time. Musk previously owned 20 percent of the company's shares and the present purchase would for 41,896 shares.

by | May 04, 2019 | 01:46

The Labor Department also revised job-gain estimates for the previous two months to 189,000 new jobs in March and 56,000 in February , for a total of 16,000 more new jobs than previously estimated. While unemployment fell, so did the labor force participation rate, which declined 0.2 percentage points to 62.8 percent, which represents a 490,000 person drop, reports CNBC .

by | May 04, 2019 | 02:13

For its fiscal third quarter to June, Apple forecast revenues of Dollars 52.5-54.5 billion, little changed from USD 53.3 billion reported in the year-earlier period. Analysts surveyed by Zacks had expected revenue of $52.09 billion. While iPhone sales have been struggling, Apple has been focusing on its Services business , which includes AppleCare, iTunes, the App Store, Apple Music , Apple News +, Apple TV + and Apple Arcade (starting this fall).

by | May 04, 2019 | 00:41

Hungry patrons can choose a Pissed Meal when they're angry, a Blue Meal when sad, a Salty Meal for those bitter moments and a DGAF for obvious reasons. They are rolling out in a few major USA cities, including Seattle, New York, Los Angeles, Austin and Miami . "If we act before Stage 4, with early identification and intervention, people can recover from even serious mental illnesses, and we give everyone hope", said Gionfriddo.

by | May 03, 2019 | 01:17

This entailed a small cut in that rate to 2.35 per cent, in this hopes that this will counter an upward drift in the effective federal funds rate. On Tuesday, Trump tweeted to Fed to cut interest rates by one percent for quantitative easing as the US GDP grows at a robust rate of 3.2 percent.

by | May 02, 2019 | 01:55

US crude futures were down 28 cents or 0.44 percent at $63.63 per barrel. USA crude stocks rose by 6.8 million barrels to 466.4 million barrels in the week to April 26, the American Petroleum Institute (API), an industry group, said on Tuesday.

by | May 01, 2019 | 01:13

Democrats have criticized Barr for drawing his own conclusion that Trump did not obstruct justice. Barr's appearance before the Senate Judiciary Committee is expected to highlight the partisan schism around Mueller's report and the Justice Department's handling of it.

by | April 30, 2019 | 01:24

Unlike veggie burgers , Impossible burger patties are created to mimic the look and texture of meat when cooked. Burger King announced its collaboration with Impossible Foods , manufacturer of the plant-based Impossible Burger, in November.

by | April 25, 2019 | 02:12

Moscow was a crucial backer of Pyongyang for decades and their ties go back to the founding of North Korea , when the Soviet Union installed Kim's grandfather Kim Il Sung as leader. Russian and North Korean flags were flying on lamp posts on Vladivostok's Russky Island, where the summit is expected to take place at a university campus.

by | April 23, 2019 | 00:53

In a regulatory filing , the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings of stockholders this year and next. After an investigation, the SEC sued, saying Musk had misled investors. Nathan pushed Crumpton through the hearing to define the conditions under which approval should be sought by Musk before he tweets, also attracted attention to surrounding the principles that the SEC sought ...