• Trade jitters, strong dollar send emerging stocks, FX lower
Trade jitters, strong dollar send emerging stocks, FX lower

Sebastien Lieblich, managing director and global head of equity solutions, said: "By supporting the inclusion of Saudi Arabia and Argentina in emerging markets , worldwide institutional investors confirmed that they are now able and ready to access and operate in these markets".

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  • Dollar, yuan recoil as U.S.-China trade row intensifies, yen gains
Dollar, yuan recoil as U.S.-China trade row intensifies, yen gains

Markets around the world fell after the news of the dramatic and sudden escalation. It called Mr. Trump's tariff threat an "act of extreme pressure and blackmail" that "deviates from the consensus reached by both parties after many negotiations, and is a disappointment to the global community".

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  • European Union retaliatory tariffs on United States products to come into effect on Friday
European Union retaliatory tariffs on United States products to come into effect on Friday

President Trump said the measures against the EU are meant to protect US national security interests, but the Europeans claim it can not be that close allies, many of them North Atlantic Treaty Organisation partners, would endanger USA security.

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  • Oil falls on rising output, escalating China-US trade spat
Oil falls on rising output, escalating China-US trade spat

Last week, US President Donald Trump , once again, reiterated that oil prices were too high. "The tariff war between the U.S. and China is showing signs of escalating", said Sukrit Vijayakar, director of energy oil consultancy Trifecta.

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  • USA stocks mostly higher
USA stocks mostly higher

The dollar slipped against its global peers Friday and global stocks fell as the USA slapped new tariffs on Chinese goods, reviving the markets fears of an escalating trade war, dealers said. Sterling was 0.16 percent higher at $1.3282. The Dow Jones Industrial Average fell 49.71 points, or 0.2 percent, to 25,151.49, but the S&P 500 gained 4...

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  • Musk's The Boring Company wins bid for Chicago high-speed airport link
Musk's The Boring Company wins bid for Chicago high-speed airport link

Conceptual drawing of the Block 37 superstation, when completed as the downtown terminal for The Chicago Express Loop, a high-speed public transit system to O'Hare International Airport. As for what form the company's train will take, previous year Musk tweeted: "Electric pods for sure". The company has said it's faster and cheaper than other s...

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  • Trump's improvisation faces decades of North Korean preparation
Trump's improvisation faces decades of North Korean preparation

But that could lead to a situation similar to previous failed agreements where North Korea dragged out its end of the deal for years before reneging. "I have little expectation from the summit", he said . North and South Korea remain technically at war after the 1950-53 conflict ended in an armistice that Seoul's then leader refused to sign ...

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  • Kim Jong Un impersonator detained and questioned on arrival in Singapore
Kim Jong Un impersonator detained and questioned on arrival in Singapore

He has also dangled the prospect of Kim Jong Un visiting Washington if the meeting goes well. Even Sen. Majority Leader Mitch McConnell, generally averse to publicly criticizing fellow Republican leaders, warned the president last week that "you could get snookered".

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  • Autopilot sped up before fatal Tesla Model X crash
Autopilot sped up before fatal Tesla Model X crash

The NTSB said Huang's vehicle sped up from 62 miles per hour to 70.8 miles per hour in the last three seconds prior to the crash. The NTSB's preliminary report on the crash of a Tesla Model X on U.S. In a shareholders' meeting this week, Tesla CEO Elon Musk didn't directly answer questions about the safety of its Autopilot system, but said th...

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  • Microsoft’s effort to build underwater datacenter reaches next phase
Microsoft’s effort to build underwater datacenter reaches next phase

Project Natick is now in its second phase, with the initial part of the program having determined that underwater data centres are feasible through the deployment of a submerged facility off the coast of California in 2016. Project Natick gets electrical power from a cable connected to a wind farm on the Orkney Islands, and that cable also serves ...

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  • Trump falsely accuses Canada of burning down White House
Trump falsely accuses Canada of burning down White House

Larry Kudlow, economic advisor to Trump, said Tuesday the administration wants to replace the agreement entirely, with separate trade deals with both the northern and southern neighbors. On other occasions, he has accused the country of being "very rough" as it has "taken advantage" of the United States and "outsmarted our politicians for many ye...

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  • Crude eases for third day on expectations of higher supplies
Crude eases for third day on expectations of higher supplies

With news from the Energy Information Administration that USA crude production earned a new monthly record by jumping 215,000 barrels per day (bpd) to 10.47 million bpd in March, West Texas Intermediate fell 3 percent on the week, making this the second week of declines for the benchmark.

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  • Trump hints at strong jobs report ahead of its release
Trump hints at strong jobs report ahead of its release

More good news for the American economy: New jobs numbers show the unemployment rate is now down to 3.8 percent, the lowest it's been in 18 years. President Donald Trump will likely take credit for the new numbers released Friday. As per the age-old practice, the Bureau of Labor Statistics releases the jobs report on the first Friday of every ...

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  • National Donut Day 2018: Free doughnuts and other deals happening June 1
National Donut Day 2018: Free doughnuts and other deals happening June 1

At Krispy Kreme , you can just walk in and get a free donut in the US and Canada. With two locations in the Valley, this local donut shop is offering a free donut with any beverage purchase. It's nearly the weekend and what better way to start it than by getting a free doughnut! The center will also be served with purchase as a "mini slider"...

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  • European leaders plan to hit back against Trump's steel and aluminum tariffs
European leaders plan to hit back against Trump's steel and aluminum tariffs

And despite the picking and choosing of which allies that the USA decides to slap with these tariffs, Ross defended the US legal justification that they are being implemented under law meant to protect USA national security. But they can also increase costs more broadly for USA manufacturers who cannot source all their needs locally and have to imp...

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  • Hackers Demand $1 Million in XRP After Bank Data Theft
Hackers Demand $1 Million in XRP After Bank Data Theft

Not the best way to enter the week, right? Two Canadian banks have reported that they may be targets of a hack , after bad actors claimed that they electronically accessed personal and account information. "We are monitoring the situation closely with the Office of the Superintendent of Financial Institutions", she said in an emailed statement...

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  • WTI falls on threat of OPEC boost, funds quit crude
WTI falls on threat of OPEC boost, funds quit crude

Falling stocks and a stronger USA dollar index also weighed on prices. The country's oil production is crumbling due to the economic crisis, and new sanctions can further deteriorate its output. The value of the energy sector on the ASX fell more than 3 per cent and slashed oil and gas companies market caps by $3 billion, marking the worst tradin...

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  • Service Dog Delivers 7 Puppies at Tampa International Airport
Service Dog Delivers 7 Puppies at Tampa International Airport

It was not immediately clear where in the Philadelphia region Van Atter lives. Van Atter's stepmother, Karen James, told the Times that they knew the golden retriever was pregnant, but believed the excitement of being in the airport around so many new people might have triggered the early births.

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  • Oil India, ONGC shares tank on windfall oil tax worries
Oil India, ONGC shares tank on windfall oil tax worries

After today's revision, petrol is retailing at Rs 78.27 per litre in the national capital Delhi, Rs 86.08 in Mumbai, Rs 80.91 in Kolkata and Rs 81.26 in Chennai. During the UPA government, with a little rise in petroleum prices the opposition parties raised a hue and cry. Criticising the government for the spiralling fuel prices, the Congress h...

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  • Trump lawyer sought $1m from Qatar in late 2016
Trump lawyer sought $1m from Qatar in late 2016

Cohen is now faced with a federal investigation into his business dealings and the payment he made to an adult film star who claimed to have an affair with Trump in 2006. Cohen facilitated a $130,000 payment to porn star Stormy Daniels . Trump: Well, you'll have to ask Michael Cohen . The New York Times later reported on the payments ...

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  • Flood Warning In Effect For Huron River In Hamburg
Flood Warning In Effect For Huron River In Hamburg

National Weather Service forecasters say that's going to mean more weather trouble for Fairfax County right into the weekend. Though the worst of the flooding is over, the weather service said, flooding is expected to continue throughout the night, especially near streams.

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  • Friend says Margot Kidder had unusual wish for her remains
Friend says Margot Kidder had unusual wish for her remains

The cause of death for the 69-year-old actress is unknown at this point, but her passing was confirmed to CNN by her manager. The brunette beauty from Canada was best known for playing Lois Lane in four Superman movies with Christopher Reeve in the Seventies and Eighties.

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  • Kia Sportage to introduce 48-volt mild-hybrid drivetrain
Kia Sportage to introduce 48-volt mild-hybrid drivetrain

By electronically controlling the MHSG using the inverter, the system switches seamlessly between two modes: "motor" or "generator". Kia said this technology offers a cost-to-performance ratio compared to full hybrid powertrains and will enable it to offer a cleaner diesel engine.

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  • Elon Musk says 'thorough reorganisation' underway at Tesla
Elon Musk says 'thorough reorganisation' underway at Tesla

One of Tesla's chief supporters on Wall Street has taken a more bearish approach to the electric automaker as the company embarks on a major managerial shakeup following poor production numbers. San Francisco: Tesla chief Elon Musk defended self-driving auto technology on Tuesday after reports about the latest crash involving one of the electric...

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  • Taliban attacks Farah city in west Afghanistan, kills dozens
Taliban attacks Farah city in west Afghanistan, kills dozens

Salangi said residents had begun clearing the city, including removing the bodies of nearly 40 Taliban fighters. According to reports, at least 2000 Taliban militants attacked Farah province on Tuesday morning, in order to claim it.

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  • Kenya attends United States embassy move gala as Israel faces outcry over Gaza
Kenya attends United States embassy move gala as Israel faces outcry over Gaza

Wanton killings on Gaza border by Israeli forces have drawn worldwide condemnation with the US Security Council meeting to discuss the Middle East situation. She stressed that Russia's position on Jerusalem remains unchanged and that Moscow stands for a two-state solution. President Mahmoud Abbas recalled the Palestinian envoy in Washington, a se...

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  • Retailer Gap says 'sorry' for T-shirt's incorrect China map
Retailer Gap says 'sorry' for T-shirt's incorrect China map

It also added that it would implement more rigorous reviews to ensure the same thing would not happen again. In a statement the company said, "Gap Inc. "The related products were pulled off the shelves in the Chinese market and destroyed earlier". China, which considers Taiwan a rebel province awaiting reunification, has taken airlines, hot...

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  • Oil price falls as EU, Asia resist U.S. pressure
Oil price falls as EU, Asia resist U.S. pressure

It could take five years for Saudi Arabian oil production to return to levels from two years ago and that leaves overall GDP constrained, Moody's said . Steady refining margins and backlog cargoes to some independent refiners contributed to the record import volumes. The expected resumption of U.S. sanctions against Iran has sent oil prices spik...

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  • White House Open to Sanctioning European Companies That Do Business With Iran
White House Open to Sanctioning European Companies That Do Business With Iran

Following talks with his Chinese counterpart, Wang Yi, Mr Zarid said: "We hope that with this visit to China and other countries we will be able to construct a clear future design for the comprehensive agreement". Zarif was in Moscow to meet Russian Foreign Minister Sergei Lavrov on Monday, a day after visiting leaders in Beijing. They include ...

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  • Facepalm: Seattle Approves Taxing Certain Businesses To Subsidize Homeless People Fund
Facepalm: Seattle Approves Taxing Certain Businesses To Subsidize Homeless People Fund

At a meeting with Capitol Hill business representatives last week , the duo said that data and expert reports plus their own experiences seeing the streets of the city convinced them that more needs to be invested in addressing Seattle's housing and homelessness problems .

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  • Working with Xi Jinping to bring back ZTE, Donald Trump tweets
Working with Xi Jinping to bring back ZTE, Donald Trump tweets

We will remind, the President of the United States Donald trump said that he was going to impose duties on imports from China and restrict Chinese investment. components and its cheap smartphones sold en masse overseas are powered by USA chips and the Android operating system. "This egregious behaviour can not be ignored".

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  • AT&T calls paying Trump lawyer Michael Cohen 'a big mistake'
AT&T calls paying Trump lawyer Michael Cohen 'a big mistake'

Giuliani also said it not appear Cohen took any steps to advance the interests of the companies that paid him and did not speak to the president on their behalf. Narasimhan wrote. The payment to Clifford was the first known activity involving Essential Consultants, a shell company incorporated in DE by Cohen.

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  • EU says committed to Iran nuclear deal, will not reimpose sanctions
EU says committed to Iran nuclear deal, will not reimpose sanctions

The United States imports no crude directly from Iran. Even close allies in the European Union are signaling frustration with Trump's decision. Not only does China's fast-growing economy have an enormous thirst for oil , but Beijing and Washington remain locked in an unpredictable trade dispute .

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  • Ford suspends F-150 production after supplier fire
Ford suspends F-150 production after supplier fire

Ford says they are suspending production of the F-150 at the Dearborn Truck Plant. The other assembly plant where the F-150 is built, in Dearborn, Mich., will also face temporary lay-offs, affecting approximately 4,000 workers. Multiple automakers have turned to Meridian to produce parts made of the lightweight metal as they try to shed pounds to m...

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  • Pogba is staying at Manchester United - Mourinho
Pogba is staying at Manchester United - Mourinho

However, there's one player that the Portuguese is desperate to keep a hold although it appears his mind is not set for changing. Mourinho's comments come after Pep Guardiola recently said that Pogba was offered to Manchester City in January by his agent Mino Raiola .

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  • California first in United States to require solar panels on new homes
California first in United States to require solar panels on new homes

But the researchers noted a bright spot - the state's greenhouse gas emissions are declining, despite a growing population. Over all, at the current rate of home building, the new requirement will increase the annual number of rooftop solar installations by 44 percent.

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  • Sensex gains over 180 points, Nifty above 10750-mark
Sensex gains over 180 points, Nifty above 10750-mark

However, profit-booking by investors ahead of Karnataka elections this week trimmed the gains, with the gauge sinking to the day's low of 35,136.01. The 50-share NSE Nifty closed at 10,715.50, rose 97.25 points, or 0.92 per cent, its highest closing level since May 2, 2018.

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  • Comcast Reportedly Seeks to Buy Fox, Potentially Displace Disney Deal
Comcast Reportedly Seeks to Buy Fox, Potentially Displace Disney Deal

The owner of NBC and Universal pictures, the media conglomerate Comcast , is seeking funding to outbid the Walt Disney Company by acquiring most of 21st Century Fox's assets, as reported by Reuters and the Wall Street Journal. Comcast Corporation shares were unchanged in premarket trading Tuesday. It is not clear how receptive he would be t...

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  • Warren Buffett is not too anxious of a Transaction Warfare
Warren Buffett is not too anxious of a Transaction Warfare

Warren Buffett said he would be happy if his conglomerate Berkshire Hathaway owned more than 5 percent of Apple's stock, including if the iPhone maker bought back more of its shares. The figure make the holding company Apple's third-largest shareholder, behind Vanguard Group and BlackRock. Last week, the so-called "Oracle of Omaha" argued that...

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  • Tesla's Entry-level Model Y SUV Production To Begin In 2020
Tesla's Entry-level Model Y SUV Production To Begin In 2020

In a series of tweets on Friday, he claimed the two analysts he cut off "were trying to justify their Tesla short thesis". One of the inquiries, asked by an analyst from Bernstein, was described by Musk as a " boneheaded , boring" question.

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