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Dow Jones falls 245 due to new China tariff fears

Dow Jones falls 245 due to new China tariff fears

Bloomberg Economics estimates that the drag on 2019 GDP growth could be about 1.5 percentage points assuming a tariff rate of 25% on all Chinese imports. China has responded by implementing tariffs on USA imports. As another option, the White House is also considering excluding trade from the meeting agenda but it is unlikely to cancel it altogether, according to two people familiar with the matter. Consulte Mais Informação

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USA bans exports to Chinese DRAM maker citing national security risk

USA bans exports to Chinese DRAM maker citing national security risk

The move comes after US-based Micron Technology accused the Chinese company of conspiring to obtain its trade secrets. The three companies are now duking it out in United States and Chinese courts. So far, Washington has imposed tariffs on $200 billion of Chinese goods and Beijing retaliated with tariffs on $60 billion of U.S. goods and stopped buying American oil. Consulte Mais Informação

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United Kingdom gov introduces Digital Services Tax aimed at Amazon, Facebook and Google

United Kingdom gov introduces Digital Services Tax aimed at Amazon, Facebook and Google

Asked if the giveaway Budget was a marker for a possible general election, Mr Hammond told ITV's Good Morning Britain: "I hope not". "At a time when the United Kingdom must pull out all the stops to attract inward investment with Brexit looming on the horizon, it beggars belief that a Conservative Chancellor should contemplate levying a brand new tax on companies that have already invested heavily in the United Kingdom, employ thousands of people and whose total tax contribution is very ... Consulte Mais Informação

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President Erdogan inaugurates giant Istanbul Airport

President Erdogan inaugurates giant Istanbul Airport

Meanwhile, Istanbul's current main airport - named after Mustafa Kemal Ataturk - will remain in operation until the end of this year, Erdogan said , after which it will be closed to commercial flights. At full capacity - with the completion of all four phases with six runways - Istanbul Airport is set to become a global aviation hub by hosting more than 100 airlines and flights to over 300 destinations around the world. Consulte Mais Informação

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Tesla Model 3 to arrive in the United Kingdom in RHD mid 2019

Tesla Model 3 to arrive in the United Kingdom in RHD mid 2019

Tesla Inc has not received a USA subpoena related to its Model 3 production forecasts, the electric carmaker said on Friday, following a report that it faced a deepening criminal probe about the projections. CEO Elon Musk has estimated the global demand for Model 3 was in the range of 500,000 to 1 million a year , according to Bloomberg . Tesla CEO Elon Musk once again pointed out that the company now did not intend to raise equity or debt. Consulte Mais Informação

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Father shoots, kills gunman who opened fire at Alabama McDonald’s

Father shoots, kills gunman who opened fire at Alabama McDonald’s

According to WBRC , the shooting happened late Saturday night as the business was getting ready to close. The gunman then opened fire inside the restaurant; the father shot back. The shooting took place at the McDonald's across from Princeton Hospital. Authorities do not know at this time if the masked man was robbing the store or targeting an employee who worked there. Consulte Mais Informação

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Government Plans Special Brexit 50p

Government Plans Special Brexit 50p

The best one we've thought of so far is it should actually be worth 51.9 pence in honour of the percentage of Leave votes, which would also make shopping more complicated as an additional Brexit metaphor. A 50p coin was struck when the United Kingdom joined the European Economic Community in 1973 and when the United Kingdom held the presidency of the EU in 1998. Consulte Mais Informação

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Royal Bank of Scotland sets aside 'Brexit' pot

Royal Bank of Scotland sets aside 'Brexit' pot

Britain in June resumed privatization of the Royal Bank of Scotland and the Conservative government led by Prime Minister Theresa May is seeking to sell two-thirds of its stake for roughly £15 billion over a five-year period. It also reported a pre-tax profit of £961 million and an attributable profit of £448 million. RBS, whose shares opened 4 per cent lower today, reported a common equity tier one capital ratio of 16.7 per cent. Consulte Mais Informação

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Italy's Di Maio reiterates support for euro, says won't change deficit goal

Italy's Di Maio reiterates support for euro, says won't change deficit goal

This does not come as a surprise as the budget was written in Rome and not in Brussels!"His deputy Matteo Salvini added that EU Commission's directive does not change anything as such directives were attacking people's interests". "Let me be clear, Italy is not a problem". "We simply cannot accept some of the statements that say that Europe, or even a couple of country members, will be required to pay for Italian debt". Consulte Mais Informação

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ECB's Draghi defends his independence amid attacks from Italy

ECB's Draghi defends his independence amid attacks from Italy

The "underlying strength of the economy continues to support our confidence" in the gradual convergence of inflation toward the central bank's goal. It said: "At today's meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively". Consulte Mais Informação

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IBM buys Linux giant Red Hat to thrive in the cloud

IBM buys Linux giant Red Hat to thrive in the cloud

Editor's note: Earlier this afternoon, Red Hat president and CEO Jim Whitehurst shared this email with Red Hat associates about why Red Hat agreed to merge with IBM in a deal worth $34 billion . "This gives them an asset that looks forward and not backwards". "Today is a banner day for open source". "IBM will become the world's number one hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses". Consulte Mais Informação

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Oil patch may face more lawsuits after Exxon sued over climate risks

Oil patch may face more lawsuits after Exxon sued over climate risks

There is plenty of other litigation in the climate change field, including more than a dozen lawsuits filed by an array of cities , counties and one state , Rhode Island, against coal, oil and gas companies. The New York Times described the action as "a fairly straightforward shareholder fraud suit, the kind that New York attorneys general have long brought and successfully prosecuted under state law". Consulte Mais Informação

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US Economy Grows By 3.5% In Third Quarter

US Economy Grows By 3.5% In Third Quarter

The U.S. economy grew a robust 3.5 percent from July through September as consumer spending and government spending extended the nation's economic growth, the government said Friday. "Given the fiscal stimulus, it's going to take a lot to derail this economy and I don't think that's going to happen anytime soon", said Ryan Sweet, senior economist at Moody's Analytics. Consulte Mais Informação

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Indian software products sector growing 9.5 percent yearly: Nasscom

Indian software products sector growing 9.5 percent yearly: Nasscom

The president of India's influential IT industry body Nasscom has said that cryptocurrencies are illegal from the association's perspective. Unicorns are privately funded companies that have a valuation of more than $1 billion. These companies created 40,000 new direct jobs while there was three-fold increase in indirect jobs. Last year, seed-stage funding had dropped 53%. "We have to think about alternative for seed stage, where government can play a role, as in China and Japan". Consulte Mais Informação

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Microsoft dethrones Amazon, becomes 2nd most valuable USA company

Microsoft dethrones Amazon, becomes 2nd most valuable USA company

Meanwhile, Microsoft was steady with relatively no major up or down moves. Microsoft's market capitalization was Wall Street's highest in late 1998 through early 2000 before the dot-com bubble burst. Apple is going to report its quarterly results on November 1, so we are eager to see if there are any changes there but given the iPhone XS and XS Max release, the results should be more than satisfactory and will keep the company afloat. Consulte Mais Informação

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