Friday, 21 September 2018
Latest news
Home » Economy

Economy

We Now Know What Date Marijuana Will Be Legal In Canada

perth_map

It was a few weeks ago that the Senate initially passed Bill C-45, but it came with dozens of changes, and those modifications needed to be approved by the House of Commons as well. Today, we change that. Each adult can grow up to four cannabis plants at home, although the household limit is also four, so roommates and spouses can't all grow together. Read More »

China's tariffs on US oil would disrupt $1 billion monthly business

perth_map

The amount of increased oil output that is being discussed in the framework of the OPEC + agreement is fully correlated with the decline made by Venezuela in the last 1.5 years. Iran and Venezuela production for example continue to dwindle due to USA sanctions. Due to the staunch opposition to any production increase from the faction led by Iran and Venezuela, analysts expect this week's OPEC meeting to be a very hard one, comparing it to the 2011 meeting, which the then Saudi Oil Minister ... Read More »

Disney Just Upped Its Bid For 21st Century Fox Deal

perth_map

Disney is making a $71 billion counter bid for Fox's entertainment businesses following Comcast's $ 65 billion offer for the company. Should the Fox board - which will be convening this week to discuss the Comcast bid - consider the global telecommunications conglomerate tender superior to the agreement with Disney , the Mouse House will have five days to match the offer. Read More »

Audi CEO arrested in Germany over VW emissions scandal

perth_map

The spokesperson added that the "presumption of innocence" should continue to apply to Stadler. Representatives for Volkswagen and Audi did not immediately respond to requests for comment. The diesel investigation , conducted by prosecutors in Munich and Braunschweig and coordinated with the U.S. Department of Justice, has shifted to Audi and Porsche in the last two years. Read More »

Gold prices fall to recent lows as dollar surges

perth_map

Growth forecasts were revised higher, with the Fed now expecting a slight overshoot of inflation that would warrant short term rates to be marginally higher than their long term level. Moreover, the President of the European Central Bank committed to subdued interest rates at record low levels for "as long as necessary" to reach the 2% target rate of inflation. Read More »

Federal Reserve raises rates amid stronger economy

perth_map

The central bank raised the federal funds rate to a 1.75-2 percent target range, the second increase under Fed Chairman Jerome Powell . The Fed also signaled that it will raise rates more this year than previously expected - four times rather than three. Read More »

Here’s why the AT&T-Time Warner merger just got approved

perth_map

It said it remains subject to the terms of its deal with Disney , a stock transaction valued at $52.4bn, or more than $66bn including debt, when it was announced in December. "This is a golden offer that will put considerable pressure on (Disney CEO Bob) Iger and Disney to step up their game on another bid", GBH Insights analyst Dan Ives said. Read More »

Trump says he will stop 'war games' with South Korea

perth_map

However, Leong said both found it hard to hide their nervousness once they were seated, with Trump displaying a slanted smile, and fidgeting with his hands and Kim leaning and staring at the ground. "Longer than that, you start to suffer some issues", said Spoehr, a retired three-star Army general. "Yes, Donald Trump reached out", Rodman said, telling Cuomo he had received a call from a person he described as Mr Trump's secretary. Read More »

Trump adviser apologizes for 'inappropriate' comments targeting Tru..

perth_map

He also said the US had a trade deficit of $17 billion with Canada, though he implied that it might be as large as $100 billion. Trump has consistently railed against what he claims are unfair trade practices by some of America's biggest trade partners, including Canada - in particular Canada's supply management system, which levels tariffs of up to 300 per cent on imported dairy products. Read More »

Tesla's Autopilot to get 'full self-driving feature' in August

perth_map

Musk also tweeted over the weekend that the new version of his Roadster two-door sports coupe will feature a SpaceX option, a nod to his rocket company. Most cars lack the lidar sensors and 360-degree cameras that can be used to detect lanes, obstacles, and traffic-sensors that are ubiquitous in autonomous test vehicles. Read More »

Ghana Football Association dissolved amid corruption allegations

perth_map

The latest documentary from controversial Ghanaian journalist Anas Aremeyaw Anasexposes this unfortunate truth. President Akufo-Addo has since reported the conduct of Mr. According to a statement signed by the country's Information Minister, Mustapha Amid, the government expressed indignation at the contents of Anas' video. Read More »

Actor Robert De Niro swears at Donald Trump on live TV

perth_map

Robert De Niro walked onto the stage of the 72nd Tony Awards on Sunday night to introduce a performance by Bruce Springsteen . " The Band's Visit , " an intimate musical about unexpected connections in the Middle East, harvested a whopping 10 Tonys, including best musical, while " Harry Potter and the Cursed Child , " at $68 million the most expensive non-musical production ever mounted on Broadway, won six awards, including best play. Read More »

‘All systems go’ for Trump-Kim summit, Singapore diplomat says

perth_map

The president truly believes that Kim Jong Un, in the president's words, wants to do something great for his people... As he looks to the Kim meeting, Trump is taking a high-stakes risk in hopes of containing the increasingly challenging national security threats from North Korea's advanced nuclear and ballistic missile programs. Read More »

Musk Reveals New Tesla Roadster Will Have Insane SpaceX Performance Option

perth_map

The proposal to remove Musk from his role as chairman of Tesla's board was initiated by Jing Zhao, a shareholder who believes Musk may be "spread too thin". Kimbal Musk - who now sits on Tesla's board - would lie to his older brother about the time, telling the future billionaire that the bus would be arriving, several minutes ahead of schedule. Read More »

Trump hints at bilateral deals with Canada, Mexico

perth_map

Prime minister Justin Trudeau told a news conference the United States tariffs were "totally unacceptable". The combined response by G7 partners - including the European Union - of imposing counter-tariffs could take away any argument that Canada is too small to intimidate the USA on its own, said one senior Canadian government official. Read More »

U.S. to slap tariffs soon on steel, aluminum from EU

perth_map

The EU threatened tariffs on Harley Davidson motorcycles and bourbon, measures aimed at the political bases of U.S. Republican legislators. U.S. Chamber of Commerce President Tom Donohue warned in a letter to the body's board, and seen by Reuters, that current trade policies could threaten "economic progress" and cause the loss of more than 2 million jobs, mostly in states that voted for Trump and Republican candidates. Read More »

Watch the 2018 FIFA World Cup live during flights

perth_map

Uruguay vs Uzbekistan is the lone warmup game for the team before they begin their FIFA World Cup 2018 campaign against Egypt on June 15. Bid chief executive Hicham El Amrani said he was confident the country's infrastructure "could deliver". Read More »

Euro losses build in Asia as Italy plunges into political crisis

perth_map

The S&P 500 index sank 31.47 points, or 1.2 percent, to 2,689.86. The German DAX lost 1.5 percent and Britain's FTSE 100 and the French CAC 40 both sank 1.3 percent. Economists, including at the European Central Bank, have used the price of credit default swaps on government debt in euros and dollars to gauge whether investors were betting on a country leaving the euro zone. Read More »

USA slaps tariffs on European Union steel and aluminium

perth_map

On Thursday, EU Commission president Jean-Claude Juncker said the 28 EU member countries would challenge the tariffs and "impose their own balancing import duties on USA goods like Florida orange juice, and bourbon whiskey ". The Trump administration is making good on its threat to slap Canada with hefty steel and aluminum tariffs , setting the stage for a possible trade war and leaving Prime Minister Justin Trudeau in the middle of a very divided group of leaders at next week's G7 summit. Read More »

Australians will no longer be able to order from Amazon’s American site

From July 1, the GST will apply to overseas sales of low value goods bought by Australians equal to or less than the value of A$1000. The online retail behemoth announced this week it will block Australians buying goods from overseas. The move comes after the Australian government has expanded a local tax named the Goods and Services Tax (GST) to online goods shipped into the country. Read More »