• Trump in unusual criticism of United States central bank

    Trump in unusual criticism of United States central bank

    Markets

    Trump is not trying to influence currency markets, Treasury Secretary Steven Mnuchin has said, reiterating that a strong U.S. dollar reflects a strong USA economy and is in the United States' long-term interest. But the president also acknowledged he was aware of the traditions that president's typically allow the Fed to operate independently to ensure the smooth functioning of the world's largest economy.
  • Mega Millions jackpot jumps to $433M

    Mega Millions jackpot jumps to $433M

    Markets

    The jackpot, which was sitting at $433 million, has now jumped to almost a half-billion dollars. Forty-seven people matched four white balls and the Mega Ball and won $10,000. Two other jackpots have been awarded this year - $451 million on January 5 ( in Florida ) and $533 million on March 30 ( in New Jersey ). In Saturday night's Powerball drawing, any player who matches all numbers will win or share a jackpot estimated at $130 million, with a cash option of $79.3 million.
  • The US launches a trade war against China

    The US launches a trade war against China

    Markets

    Washington also is now targeting another $200 billion in imports, which see fresh tariffs imposed as soon as September. Earlier this month the USA placed import taxes on $34 billion in goods imported from China and Beijing responded in kind.
  • Ritz Cracker Products recalled due to possible salmonella contamination

    Ritz Cracker Products recalled due to possible salmonella contamination

    Markets

    While the rice products are sold across Canada, the recall affects only products sold in eastern Canada. Snacks included in the recall include Ritz Bits Cheese Cracker Sandwiches in various packaging, Rits Cheeze Cracker Sandwiches, Ritz Bacon Cracker Sandwiches with Cheese Filling and Ritz Everything Crackers.
  • Ritz Cracker products containing cheese recalled over Salmonella fears

    Markets

    The breaded nuggets, offered at Maxi, Provigo, AXEP and Intermarché grocery stores in Quebec, were sold in boxes of 907 grams with the best before date "2019 MA 15". Consumers can contact the company at 1-844-366 -1171, 24 hours a day to get more information about the recall, and Consumer Relations specialists are available Monday-Friday, 9am to 6pm EST.
  • Facebook investigates data firm Crimson Hexagon

    Facebook investigates data firm Crimson Hexagon

    Markets

    The newspaper cited documents which it claimed showed that Crimson had used publicly accessible data from Facebook to study public opinion of president Vladimir Putin, as part of its contract with the Russian group, and said it had accumulated the largest repository of public social media posts from a variety of sites and apps.
  • Ryanair Cancels 600 Flights In Crew's Most Succesful Strike

    Ryanair Cancels 600 Flights In Crew's Most Succesful Strike

    Markets

    For anyone who is on holiday when their flight is cancelled, Ryanair should be providing hotels and meals until alternate flights can be sorted out. Most pilots flying for Ryanair are self-employed, which is why the airline is able to continue most flights. Belgium is the most affected, with 31% of flights; Spain sees more flights cancelled, with up to 200, but that only counts for 24% of all flights.
  • Fiat Chrysler picks Jeep boss as CEO as Marchionne's health worsens

    Fiat Chrysler picks Jeep boss as CEO as Marchionne's health worsens

    Markets

    While Manley's position is only temporary, FCA's Board of Directors will goal electing him to the board and making him the company's next executive director. Manley, born in Edenbridge, England, has been part of the Group Executive Council, FCA's governing body, since 2011. That business was then sold to Daimler Chrysler where he stayed, all the way through to the purchase of the Chrysler businesses by Fiat.
  • Prime Day continues to set records for Amazon

    Prime Day continues to set records for Amazon

    Markets

    The fastest-growing categories were pet products, sporting goods, groceries and beauty, showing that the event isn't limited to door-buster deals on televisions and electronics, according to Feedvisor, which sells product-pricing software used by Amazon merchants.
  • Indian rupee rises 21 paise to 68.36 against United States dollar

    Indian rupee rises 21 paise to 68.36 against United States dollar

    Markets

    Lower tariffs would be a good thing for the United States economy, he said . A weaker dollar would help American exporters compete overseas but it may undermine its status as the world's top reserve currency. The Fed has raised rates twice this year to the current range of 1.75 to 2 percent and has signaled two more rate hikes before the end of the year.
  • 28th GST Council meeting in Delhi

    28th GST Council meeting in Delhi

    Markets

    In another women friendly measure, with the upcoming Raksha Bandhan festival coming up, rakhis were exempted from the tax , Goyal said . Fortified milk has also been fully exempted from GST. The decisions taken on Saturday were aimed at simplification, rationalisation and relief for small business, Goyal said. The GST Council reduced tax rates on more than 50 items and exempted sanitary napkins , rakhis, stone, marble, wooden deities and Saal leaves from GST.
  • Fashion brand Burberry burn £28 million worth of their clothes

    Fashion brand Burberry burn £28 million worth of their clothes

    Markets

    But why does it actively chose not to recycle unsold garments or privately sell surplus stock to shareholders and donate the money to good causes if it is uncomfortable with its designs being discounted or appearing in the charity market? Burberry has been burning millions of pounds worth of stock in order to stop it getting into the wrong hands, reports say.
  • Boeing, Airbus jet sales soar as Farnborough Airshow winds down

    Boeing, Airbus jet sales soar as Farnborough Airshow winds down

    Markets

    Chief Commercial Officer Eric Schulz linked the reticence to global trade tensions, telling analysts some Asian customers had asked Airbus not to fan growing disputes. On Tuesday, Reuters reported that the first order for 80 aircraft came from China's ICBC Leasing. "Boeing led the way at Farnborough , demonstrating value for our customers, capturing important new business in products and services, and announcing the unique strength of our strategic partnership with Embraer", CEO ...
  • British Airways warns of 'knock-on disruption' after 'chaos' at Heathrow

    British Airways warns of 'knock-on disruption' after 'chaos' at Heathrow

    Markets

    About 30 minutes later, Heathrow confirmed that the airport was fully open and operations were resuming as normal. BA said: "An issue with a supplier IT system was resolved overnight". One passenger was told that delays could be up to "three to five hours". A Gatwick Airport spokesman said: We only had two diverts from Heathrow Airport as a result of the earlier action - one from Glasgow at 5pm and the other was from St Petersburgh at 5.10pm.