Business News

Business News

  • Trade uncertainty darkens U.S. small caps outlook
    on May 20, 2019 at 4:32 am

    Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve. […]

  • Trump says tariffs making companies leave China, a deal can't be '50-50'
    on May 20, 2019 at 4:30 am

    U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a "50-50" deal. […]

  • Japan economy beats expectations of slowdown
    on May 20, 2019 at 4:28 am

    Analysts had tipped the world's third largest economy would shrink slightly at the start of 2019. […]

  • AP FACT CHECK: Trump cries ‘treason’ over campaign scrutiny
    by The Associated Press on May 20, 2019 at 4:13 am

    WASHINGTON — President Donald Trump is using “treason” rather lightly as he assails unidentified U.S. officials for investigating operatives of his campaign in 2016. There’s no allegation or even suggestion that they committed this punishable-by-death crime, if any crime at all. Trump’s hyperbolic characterization echoed at the end of a week of unsupported assertions by […]

  • Air New Zealand picks Boeing for wide-body jet order: sources
    on May 20, 2019 at 4:12 am

    Boeing Co has won a hard-fought contest to sell wide-body aircraft to Air New Zealand Ltd, beating a challenge from Europe’s Airbus, industry sources said on Monday. […]

  • Trump’s EPA shifts more environmental enforcement to states
    by The Associated Press on May 20, 2019 at 4:06 am

    BOKOSHE, Okla. — Susan Holmes’ home, corner store and roadside beef jerky stand are right off Oklahoma Highway 31, putting them in the path of trucks hauling ash and waste from a power plant that burns the high-sulfur coal mined near this small town. For years, when Bokoshe residents were outside, the powdery ash blowing […]

  • Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business
    by Business Wire on May 20, 2019 at 4:00 am

    Corporate clients will be able to access the innovative multi-bank trade finance platform @GlobalTrade™ Will drive further expansion of Commerzbank’s digital product range in its trade finance TORONTO — Commerzbank has entered into a strategic partnership with GlobalTrade Corporation (GTC), a leading Canadian application services provider of innovative multi-bank trade finance solutions. The bank plans […]

  • Asian shares mixed, India and Australia up on vote outcomes
    by The Associated Press on May 20, 2019 at 3:59 am

    BANGKOK — Shares are mixed in Asia, with India and Australia leading gains following elections that look set to keep incumbents in office. Japan’s Nikkei 225 index edged up 0.3% as the government reported Monday that the economy grew at a better-than-expected 2.1% annual pace in January-March. Markets in Shanghai and Hong Kong fell back […]

  • Asian shares steady after slump, oil jumps on Saudi comments
    on May 20, 2019 at 3:57 am

    Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America. […]

  • Exclusive: Google suspends some business with Huawei after Trump blacklist - source
    on May 20, 2019 at 3:37 am

    Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. […]

  • Google restricts Huawei's use of Android
    on May 20, 2019 at 3:26 am

    New US restrictions were placed on the Chinese tech giant last week over cyber-security fears. […]

  • Report: More companies in China handing over technology
    by The Associated Press on May 20, 2019 at 3:16 am

    BEIJING — The number of foreign companies that feel compelled to hand over technology in exchange for Chinese market access — an issue that sparked President Donald Trump’s tariff fight with Beijing — has doubled since two years ago despite official promises to end such pressure, a business group reported Monday. The European Chamber of […]

  • Manchester Airport cancels flights
    on May 20, 2019 at 2:42 am

    Manchester Airport says a "power issue", which caused 87 flight cancellations, has been resolved. […]

  • China’s technology tactics irk its trading partners
    by The Associated Press on May 20, 2019 at 2:41 am

    BEIJING — For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn’t work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald Trump. He sent shockwaves through their export industries by […]

  • USTR Lighthizer to meet Motegi for trade talks in Japan on May 24: sources
    on May 20, 2019 at 1:13 am

    U.S. Trade Representative Robert Lighthizer will visit Japan on May 24 to meet with Economy Minister Toshimitsu Motegi to accelerate trade talks ahead of a summit meeting scheduled a few days later, two sources with direct knowledge of the plan said on Monday. […]

  • New Exploratory Data from VARSITY, First Head-to-Head Ulcerative Colitis Biologic Study Which...
    by Business Wire on May 20, 2019 at 12:16 am

    Exploratory data showed a greater proportion of patients receiving vedolizumab achieved clinical response at week 14 than adalimumab Additional exploratory data on absence of active histologic disease showed vedolizumab was associated with a greater reduction of microscopic inflammation in the gut compared to adalimumab Results provide additional information to the recent presentation of primary endpoint […]

  • A senior adviser to the German government fears another European crisis could be brewing.
    on May 19, 2019 at 11:26 pm

    A senior adviser to the German government fears another European financial crisis could be brewing. […]

  • Inside the world's most expensive election
    on May 19, 2019 at 11:20 pm

    With voting completed, India is now waiting to see who will be its next prime minister. […]

  • US ‘siege’ of Venezuela disturbs global crude supply – oil minister
    by RT on May 19, 2019 at 11:20 pm

    Washington’s war on Venezuela’s economy undermines stability on global markets, the country’s oil minister Manuel Quevedo told OPEC cartel, just days after the US placed him on sanctions list alongside other Caracas officials. Read Full Article at RT.com […]

  • 'Your team is your product, build a well-oiled machine'
    on May 19, 2019 at 11:15 pm

    Travel website boss Avi Meir advises focusing on staff because "your team is your product". […]

  • Rail passengers lost 3.9m hours in 2018, Which? report says
    on May 19, 2019 at 11:02 pm

    About 80 trains a day were significantly late and another 660 trains per day were cancelled. […]

  • Warning over 'new eurozone crisis'
    on May 19, 2019 at 10:00 pm

    Dr Lars Feld, one of the German Council of Economic Experts, was one of the first last year to warn of a slowdown in Europe's largest economy. […]

  • U.K. leader promises a 'bold offer' on Brexit deal
    on May 19, 2019 at 9:40 pm

    British Prime Minister Theresa May plans a "bold offer" to Parliament to win support for her Brexit deal, urging lawmakers to look at her ideas with fresh eyes. […]

  • Saudi Arabia says oil producers want to reduce inventories
    on May 19, 2019 at 7:01 pm

    Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his country would remain responsive to the needs of what he called a fragile market. […]

  • Vast gasoline lines form in oil-rich Venezuela
    by The Associated Press on May 19, 2019 at 6:16 pm

    MARACAIBO, Venezuela — U.S. sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long lines for fuel in the South American nation’s second-largest city, Maracaibo. Some drivers said they’d had to wait almost 24 hours to fuel up, and people have been grabbing catnaps on the hoods of cars or in truck beds. […]

  • No more Mr Europe: Macron forced to curb EU ambitions
    by The Associated Press on May 19, 2019 at 6:01 pm

    PARIS — French President Emmanuel Macron sees himself as Europe’s saviour, and this week’s European Parliament elections as a make-or-break moment for the beleaguered European Union. But Macron is no longer the fresh-faced force who marched into a surprising presidential victory to the rhythm of the EU anthem two years ago. His pro-Europe vision has […]

  • Alaska’s fledgling commercial seaweed industry grows
    by The Associated Press on May 19, 2019 at 5:43 pm

    ANCHORAGE, Alaska — Alaska’s fledgling commercial seaweed industry is growing, with producers excited about this year’s harvest. There were no commercial seaweed farmers in Alaska five years ago, though there have long been subsistence seaweed harvests along Alaska coasts. Now, there are 16 aquatic farming operations permitted to culture species of seaweed in the state, […]

  • OPEC has two main options for June meeting, both foresee output rise: sources
    on May 19, 2019 at 4:38 pm

    Saudi Arabia and Russia are discussing two main scenarios for a meeting of OPEC and its oil-producer allies in June and both frameworks propose increased crude output from the second half of 2019, two sources familiar with the matter said.&nbs […]

  • OPEC+ will not recommend a course of action on output policy in Jeddah meeting: source
    on May 19, 2019 at 4:38 pm

    A ministerial panel of major OPEC and non-OPEC producers will not recommend a course of action on oil output policy on Sunday, but will highlight the need to continue monitoring the market until the next meeting in June, a source familiar with the discussions said. […]

  • Five things to watch for in the Canadian business world this week
    on May 19, 2019 at 2:51 pm

    Statistics Canada will release its cannabis economic account for the first quarter this week. […]

  • Russia says too early to discuss OPEC+ deal extension
    by RT on May 19, 2019 at 2:44 pm

    OPEC countries and allied producers need to discuss the situation on the market before making proposals for the cartel’s meeting in June, Russia’s energy minister has said amid calls to further extend output cuts under OPEC+ deal. Read Full Article at RT.com […]

  • Iraq slams Exxon Mobil's staff evacuation, says it’s politically motivated
    by RT on May 19, 2019 at 12:22 pm

    Exxon Mobil’s decision to take its foreign employees out from the West Qurna 1 oilfield was unjustified, according to Iraq’s oil minister. He added that the withdrawal does not pose a threat to the country’s oilfields. Read Full Article at RT.com […]

  • 'We're drowning in textiles': Shoppers turn to vintage fashion as ethical choice
    by Alicia Bridges and Emily Pasiuk on May 19, 2019 at 10:00 am

    As mountains of used, synthetic clothing are added to landfills around the world, shoppers are being urged to think more about how their buying decisions affect the planet. […]

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