Business

Business Molson Coors to make cannabis-based drinks in Canada
Author: 0 Molson Coors to make cannabis-based drinks in Canada

Closing of the transaction, which is targeted to occur before September 30, 2018, is subject to the satisfaction of certain conditions. The hundreds of active molecules in the marijuana plant can be transformed into various products beyond just ones that give a buzz, said Hexo CEO Sebastien St.

Business Apple is first public company worth $1 trillion
Author: 0 Apple is first public company worth $1 trillion

Those earnings beat Wall Street expectations on the top and bottom lines, but iPhone sales fell slightly short. In this April 30, 2015, file photo, Apple CEO Tim Cook responds to a question during a news conference at IBM Watson headquarters, in NY.

Business Turkey's Cavusoglu tells US' Pompeo threats and sanctions won't work
Author: 0 Turkey's Cavusoglu tells US' Pompeo threats and sanctions won't work

Pompeo remarks came just two days after the Trump administration slapped sanctions on Turkey's justice and interior ministers over Brunson's case. Their talks came after Washington imposed sanctions on two of Turkey's ministers over the trial of a USA pastor Andrew Craig Brunson accused of backing terrorism.

Business China threatens US with $60B in tariffs on coffee, honey
Author: 0 China threatens US with $60B in tariffs on coffee, honey

President Donald Trump's resolve in a brewing trade battle between the world's two largest economies, showing little concern over Beijing's threat to impose retaliatory tariffs on $ 60 billion worth of U.S. "China is increasingly isolated with a weak economy". China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, ranging from 5 to 25 per cent.

Author: 0 China appeals for USA calm after new tariff threat

Wang Yi said at a forum in Singapore that a USA campaign to ratchet up pressure on Beijing will not "have any effect", Reuters reported . The bill has started to mount, with the US government dipping into its coffers to find $12 billion to aid farmers who have been hit by Chinese retaliation.

Business Oil prices rise on tighter supply outlook
Author: 0 Oil prices rise on tighter supply outlook

A Reuters survey indicates the 15-member OPEC oil cartel increased output by 70,000 barrels per day in July. U.S.net imports declined by 2.5 million barrels per day during that week. Oil was steady near $70/bbl as supply risks from Saudi Arabia to the United Kingdom threaten to strain global markets. Another major event on Wednesday was Yemen's Houthi's attack on the Saudi oil tanker in the Red Sea.

Business Indian central bank raises rates for second time
Author: 0 Indian central bank raises rates for second time

Here, we have selected eight to answer. It kept its oneyear rates unchanged at 8.95 per cent. The same may be true this time, with banks and building societies relatively choosy about which accounts and what level of savings will receive a better return.

Business Chipotle shuts Ohio restaurant after reports of illness
Author: 0 Chipotle shuts Ohio restaurant after reports of illness

Health officials told ABC News that people who ate at the location complained of nausea, vomiting, and diarrhea after eating at the restaurant from July 26 to 30. Specifically, lettuce was not properly cooled and beans were not held at a warm enough temperature. County health officials said in a statement on Tuesday that the number of people who have reported getting ill at the restaurant has jumped to 368.

Business OH to have a sales-tax holiday
Author: 0 OH to have a sales-tax holiday

Tax-exempt items include most school supplies selling for $15 or less per item and most clothing and footwear selling for $60 or less per item. Missouri's tax-free holiday weekend begins at 12:01 a.m. "The body had spoken", she said. Gordon Gough, president of the state Council of Retail Merchants, says consumers will get the "lion's share of benefits".

Business Apple Becomes First U.S. Company to be Worth $1 Trillion
Author: 0 Apple Becomes First U.S. Company to be Worth $1 Trillion

Stock buybacks reduce the number of shares a company has on the open market, driving up the price of the remaining shares. That price translates to a $1 trillion market cap based on the current estimated number of outstanding shares. Under CEO Tim Cook, Apple also has embraced the internet, with its thriving services business helping propel the company toward the new milestone. Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a US public company.

Author: 0 Donald Trump ratchets up trade war with China

Investors fear an escalating trade war between Washington and Beijing could hit global growth, and prominent United States business groups have condemned Trump's aggressive tariffs. "China has made full preparation for the U.S. threats to escalate the trade war, and will have to retaliate to defend national pride and the people's interests", the ministry said in a statement day on its website.

Author: 0 Leaked document shows Google's plans for its censored search engine in China

According to reports by the Intercept on Wednesday, the project was launched in December 2017 under the codename " Dragonfly " and involves an Android search app that limits access to websites blocked by Beijing . Google plans to build a censored search engine for China , and condemnation is coming swift and hard from politicians, Google users, and even some Google employees .

Author: 0 Will the ongoing rate hike cycle be a shallow one?

Reserve Bank of India hiked repo rate by 25 basis points. "The MPC reiterates its commitment to achieving the medium-term target for headline inflation of 4 per cent on a durable basis", it said. On the growth outlook, the MPC said the progress of the monsoon so far and a sharper than the usual increase in MSPs of kharif crops is expected to boost rural demand by raising farmers' income.

Business China's Huawei passes Apple in smartphone share for first time
Author: 0 China's Huawei passes Apple in smartphone share for first time

Chinese electronics giant Huawei has officially edged out Apple , emerging as the world's 2nd smartphone seller, according to figures released by IDC (International Data Corporation). " Apple shipment volume stayed flat, with just 0.7% year-over-year growth, rising slightly to 41.3 million units". The Chinese brands are now trying to control the premium segment with Huawei , Oppo , Vivo and Xiaomi launching devices this year.

Author: 0 Trump Raises Proposed Chinese Tariffs to 25%

Trump said last month that he's willing to impose tariffs on every good imported from China, which totaled more than US$500 billion past year. U.S. China has already warned it would retaliate if the United States went ahead with the plan, accusing Washington of blackmail. "Regrettably, instead of changing its harmful behavior, China has illegally retaliated against USA workers, farmers, ranchers and businesses".

Business TSA defends 'Quiet Skies' monitoring program
Author: 0 TSA defends 'Quiet Skies' monitoring program

Federal air marshals have for years been quietly monitoring small numbers of USA air passengers and reporting on in-flight behaviour considered suspicious, even if those individuals have no known terrorism links, the Transportation Security Administration (TSA) has said.

Author: 0 USA considering higher tariffs on US$ 200 bil. of Chinese goods

In the coming weeks, the USTR will analyze the president's proposal and will open a public consultation period in late August so that U.S. companies can offer their opinions on the measure. After Liu visited Washington later that month, the nations released a joint statement pledging to reduce the US trade deficit with China, among other things.

Business RBI hikes repo rate: What happens to your EMIs now
Author: 0 RBI hikes repo rate: What happens to your EMIs now

Standard Chartered Bank chief executive officer (India) Zarin Daruwala said, "The 25 basis points hike reaffirms RBI's commitment to bringing CPI inflation to 4 per cent on a durable basis". Though the prices remained below its estimated trajectory, the RBI has forecast retail inflation at 4.6 per cent in the second quarter of the fiscal, 4.8 per cent in the second half of the fiscal and five per cent for the first quarter of 2019-20.

Business Tesla claims record revenue of $4B in Q2 2018
Author: 0 Tesla claims record revenue of $4B in Q2 2018

That was worse than Wall Street estimates. Analysts were projecting Tesla would go through about US$900 million during the period, after burning more than US$1 billion in three of the previous four quarters. Mr Musk then took the first two questions from two analysts he was harshest with last quarter - Sanford C Bernstein's Toni Sacconaghi and RBC Capital Markets' Joseph Spak - and offered personal apologies.

Author: 0 Bond yields drop as Bank of Japan remains dovish

The FTSEurofirst 300 index .FTEU3 of leading European shares closed down 0.3 percent. "Europe's higher weighting to banks/resource will help it vs the U.S". The kiwi rose to 92.09 Australian cents from 91.90 cents yesterday. Analysts said the rebound was largely because traders felt it had been oversold last week.

Author: 0 Parasite scare sparks recall for salads, wraps sold at Trader Joe's, Walgreens

The potentially affected salads and wraps sold at Kroger , Trader Joe's and Walgreen's were produced between July 15-18, with a "best by", "enjoy by", "best if sold by" or "sell by" date ranging from July 18-23, according to the FSIS. The parasite, known as cyclospora cayetanenis , is spread by food or water that's contaminated with feces. Caito Foods LLC and FSIS are working together to remove the products from commerce.

Business United Kingdom voters back referendum on final Brexit deal
Author: 0 United Kingdom voters back referendum on final Brexit deal

Surveys over the past two months have shown a steady increase in support for another referendum, amid a parliamentary deadlock and as Theresa May sought to promote her Chequers plan for leaving the bloc . In the June 23, 2016 referendum, 17.4 million votes, or 51.9% of votes cast, backed leaving the European Union while 16.1 million votes, or 48.1% of voters, backed staying.

Author: 0 RBI increases repo rate by 25 bps to 6.50%

One basis point is one hundredth of a percentage point. The RBI said the inflation outlook is likely to be shaped by the minimum support prices (MSPs), which have been raised sharply, elevated crude oil prices, and reduced Goods and Services Tax (GST) rates on several goods and services.

Business New footage shows argument which led to brawl — McDonald's fight
Author: 0 New footage shows argument which led to brawl — McDonald's fight

The video begins with the visitor throwing a milkshake at the employee who is angrily marching toward her. The McDonald's worker quickly gains the upper hand, slapping the woman as she holds her against a raised platform, before hurling her against a table with such force her tube top falls down.

Author: 0 Huawei tops Apple in tightening smartphone market - IDC

They account for 42% of market share controlled by the top10. Despite slipping into third place, Apple's share of the market grew 0.3 points (from 11.8 per cent to 12.1 per cent) in Q2. dollar might be easy for a brand such as Huawei , but will be hard for Xiaomi, Oppo, and Vivo ", the Canalys analyst added. The Chinese market is key for Huawei as it has come under fire from the United States, Australia and other nations over concerns it could facilitate Chinese government spying.

Business Uber halts development of self-driving trucks
Author: 0 Uber halts development of self-driving trucks

The company said Monday it's shutting down its self-driving truck program to focus building its own self-driving vehicle technology. Employees for Uber's San Francisco-based Trucks team will be reassigned to self-driving car-related positions or offered relocation assignments in the firm's Pittsburg-based auto division.

Business Apple earnings beat expectations as it sells pricer iPhones
Author: 0 Apple earnings beat expectations as it sells pricer iPhones

However, analysts said that a more relevant picture of Apple's health won't come until September with the launch of three new iPhone models, including a large-screen iPhone X, a more affordable model with a lower cost LCD display and a number of ancillary products.

Business Jeremy Hunt describes his Chinese wife as Japanese in 'terrible' mistake
Author: 0 Jeremy Hunt describes his Chinese wife as Japanese in 'terrible' mistake

Hunt is in China in a bid to strengthen trade ties with Beijing ahead of Britain's exit from the European Union next year. The Foreign Secretary was visiting Beijing to discuss trade links between Britain and China. Following his visit to China hunt will head to Paris and Vienna for talks with his counterparts on issues such as Brexit and worldwide security issues such as the threat form Russian Federation, the Iran deal and the war in Syria.

Business Homeless Aggie now getting hundreds of job offers thanks to viral photo
Author: 0 Homeless Aggie now getting hundreds of job offers thanks to viral photo

David Casarez , an engineer and web developer, moved from Texas to California's Silicon Valley in the hopes of working in the tech industry. Before Scofield drove off, she took a photo of Casarez and his sign. Casarez says when his startup plans fell through, he started looking for a job. "He's sleeping in parks and still trying to get freelance work , interviews and applications in", she wrote, explaining that he has a computer and brings it to Starbucks and other places with free ...

Business Harley-Davidson CEO Calls Trump's Attacks 'Unfortunate Attention'
Author: 0 Harley-Davidson CEO Calls Trump's Attacks 'Unfortunate Attention'

The LiveWire is being hailed as "the first in a broad, no-clutch "twist and go" portfolio of electric two-wheelers created to establish the company as the leader in the electrification of the sport", wrote the company in a press release. This new product and broader distribution is meant to fuel Harley-Davidson's customer access and growth in India, one of the largest, fastest growing markets in the world, and other Asia markets.

Business Elon Musk sells limited edition Tesla surfboards
Author: 0 Elon Musk sells limited edition Tesla surfboards

Tesla was seeking a total of $1,500 for each of the surfboards . The company notes that the Limited Edition Surfboard will fit comfortably inside of their Model S, X, and 3 vehicles either inside, or outside of the auto. You could go surfing on a board that has the same label. The board does not appear to have any particular physical design elements unique to Tesla , other than its appearance.

Business 50 years on, McDonald's Big Mac survives
Author: 0 50 years on, McDonald's Big Mac survives

One way you can get them is to by entering the #BigMac50 contest on Twitter @McDonaldsCanada, from August 2nd until August 8th and sharing why they love the Big Mac. "The MacCoin transcends currencies to commemorate our global iconic burger while giving customers all over the world a chance to enjoy a Big Mac on us".

Business It's a war, and we should be prepared
Author: 0 It's a war, and we should be prepared

The two also agreed. If the USA places 25% tariffs on Chinese products, China can depreciate Yuan by as much as possible. "With no immediate tariff reductions and all future reductions contingent on successful talks, we think it is important to appreciate this action for what it is - a step toward a solution - rather than lauding it for what it isn't - a solution in and of itself", it added.

Business Discount Not Discourse to Boost U.S. Soy Sales to EU
Author: 0 Discount Not Discourse to Boost U.S. Soy Sales to EU

His administration this year imposed tariffs on steel and aluminum, drawing retaliation from the European Union on a series of USA goods. "We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods", Trump said.

Business Putin Invites Trump to Visit Moscow for Meeting
Author: 0 Putin Invites Trump to Visit Moscow for Meeting

The Kremlin chief spoke after the U.S. administration earlier this week delayed a second summit between Putin and Trump to next year under fire from critics at home, and was visibly at pains to demonstrate he had taken no offense. In the meantime the pair may meet at the next G20, which takes place in Argentina this November. "In Helsinki, we talked about the issues in which our states have a real stake".

Business How major U.S. stock indexes fared Thursday
Author: 0 How major U.S. stock indexes fared Thursday

Technology stocks are mostly responsible for the broader market erasing almost all its losses from the early 2018 tumult that dragged US stocks into a correction. After the bell, Ford Motor Co also lowered its profit forecast, and its shares dropped more than 4 percent in after-hours trading. Mattel also slumped, dropping 4.2 percent to $15.61 after the maker of Barbie and Hot Wheels reported a loss that was larger than analysts were expecting.

Business Trump hails United States economic growth spurt, promises more ahead
Author: 0 Trump hails United States economic growth spurt, promises more ahead

Trump said Friday. Both he and Shepherdson had predicted very strong second-quarter GDP growth of 4.5 percent or higher. The rest of the year is likely to see a growth of around 3 percent. Exports surged at a 9.3 percent annual rate in the second quarter, while imports grew at a scant 0.5 percent rate. "One of the more underreported stories is we now have a trade deficit that dropped by more than $50 billion", said Hannity.

Business Trump Boasted To Farmers He Opened European Market. Europe: No, You Didn't.
Author: 0 Trump Boasted To Farmers He Opened European Market. Europe: No, You Didn't.

What he failed to mention (aside from the fact that the official text includes no formal commitments from the EU) is that this is unlikely to make a dent in America's lost trade with its largest soybean market: China. The US will not impose tariffs on European Union cars and might take back ones on steel and aluminium, but the European Union will buy more US soybeans and gas, according to a deal in Washington on Wednesday (25 July).

Business Facebook hit with class-action suits following stock tumble
Author: 0 Facebook hit with class-action suits following stock tumble

According to Bloomberg News, that also means CEO Mark Zuckerberg took a big personal hit, losing $16.8 billion in stock value. In one day, the social media giant lost $120 billion in market share and now a growing chorus is calling for the company's founder and CEO, Mark Zuckerberg, to step down.

Business Twitter stock plunging on weak user numbers
Author: 0 Twitter stock plunging on weak user numbers

But the markets were jittery ahead of Friday's report after rival Facebook spooked investors by warning of slowing sales growth in the second half of the year as it focuses on " putting privacy first ". Analysts, on average, had expected 340 million monthly active users in the third quarter, according to Thomson Reuters I/B/E/S. Chief Executive Jack Dorsey said in a statement that daily users grew 11 percent compared to a year ago, saying this showed that addressing "problem ...

Business BRICS nations pledge unity in face of US-China trade war
Author: 0 BRICS nations pledge unity in face of US-China trade war

After all, while the BRICS still emphasize the importance of multilateralism, it is clear that they are not wedded to the current worldwide order. Chinese President Xi Jinping said Wednesday that the world faces "a choice between cooperation and confrontation" in remarks critical of escalating USA tariffs on goods from China and other major trading partners.

Author: 0 U.S. GDP Growth Hits 4.1 Percent in Second Quarter

We'll stream it live on FOX 2 News now on our Facebook page . "That's because they're able to go out and get a job", he said. It followed first-quarter growth of 2.2 percent that was revised from 2 percent, the Commerce Department reported Friday.

Author: 0 Putin ready to visit Washington for new summit, invites Trump to Moscow

The Russian strongman said he was "ready to go to Washington" but only if "the right conditions for work are created". "And I am ready for that". The Interfax news agency said he expressed readiness to invite Trump . Putin said he and Trump planned to meet on the sidelines of a G-20 meeting in Buenos Aires starting late November and possibly other venues which he did not name.