https://i1.wp.com/media.globalnews.ca/videostatic/374/699/2018-08-24T22-25-48.433Z--1280x720.jpg

Economy

Canada's top diplomat and chief NAFTA negotiator Chrystia Freeland said earlier this week that Canada would rejoin the discussions once the bilateral issues between Mexico and the United States had been resolved. Trade Representative's office. U.S. President Donald Trump is expected to attend the announcement, the report said. U.S. and Mexican negotiators are keen to seal a new deal before Mexican President Enrique Pena Nieto hands over power to president-elect Andres Manuel ...
  • Italy bridge collapse death toll rises to 39

    Italy bridge collapse death toll rises to 39

    Economy

    The Morandi Bridge , which linked Genoa with southern France, has stood for 50 years and is thought to have undergone repairs in 2016. Autostrade , a unit of Atlantia, said work to shore up its foundation was being carried out at the time of the collapse.
  • Tesla forms three-member panel to look at any Musk deal

    Tesla forms three-member panel to look at any Musk deal

    Economy

    According to two unnamed people familiar with the fallout who talked to The Times about Musk's online musings, the Tesla CEO allegedly told an informal adviser that he posted on Twitter "impulsively", and said he was "not the kind of person who could hold things in", and admitted he "was angry at the company's critics".
  • Asian stocks sink as Turkey fears hurt emerging markets

    Asian stocks sink as Turkey fears hurt emerging markets

    Economy

    But they said the USA tariff hike on Turkish steel at a time of "considerable stress" tells emerging economies not to expect Washington's help to calm their markets. They also said Turkey should work to resolve the situation with the United States diplomatically while also improving relations with another major trading partner, the European Union.
  • Tesla Shares to Suffer if Elon Musk's Buy-out Fails

    Tesla Shares to Suffer if Elon Musk's Buy-out Fails

    Economy

    On Friday, two lawsuits were filed accusing Musk of seeking to harm short sellers by artificially running up the price of the company's shares through his Tuesday tweets. Dusaniwsky said that, as of Thursday morning, Tesla remained the single most heavily shorted US equity with roughly $12.36 billion in total short interest.
  • Musk says Saudi fund supports Tesla buyout, talks continue

    Musk says Saudi fund supports Tesla buyout, talks continue

    Economy

    Musk wrote that at the July 31 meeting, the fund's managing director "strongly expressed his support" for taking the electric auto and solar panel maker private. Musk also wrote that the Saudis are interested in the company because they want to diversify away from oil. "So the potential investor must be patient and strategic-looking".
  • Donald Trump Authorizes More Steel and Aluminum Tariffs on Turkey

    Donald Trump Authorizes More Steel and Aluminum Tariffs on Turkey

    Economy

    President Donald Trump announced Friday that he is doubling tariffs on steel and aluminum from Turkey amid heightened tensions between the two nations. "This is a national, domestic battle". The Turkish president took aim at the U.S. in his address, claiming "some countries have engaged in behaviour that protects coup plotters and knows no laws or justice".
  • Oil near $69 as trade conflict counters latest supply risks

    Oil near $69 as trade conflict counters latest supply risks

    Economy

    USA crude stockpiles were expected to have dropped 3.3 million barrels last week. All the Persian Gulf oil exporters such as Saudi Arabia , Iran, Iraq, Kuwait, Qatar, the UAE, and Bahrain, ship their crude oil to the global market through the Strait of Hormuz.
  • Chinese state media labels Trump's trade policies 'extortion'

    Chinese state media labels Trump's trade policies 'extortion'

    Economy

    Trump also took to twitter on Saturday to claim the tariffs are working and China is talking to the United States . "China will not rush to compete with US numbers", it said, echoing comments made by state television. Everything from oak wood to veneered panels of laminated wood has been ensnared in China's escalation of the trade battle with the US Half of US hardwood production is exported, and the bulk goes to China, Michael Snow, executive director of the Sterling, Virginia-based ...
  • Indra Nooyi to step down as Pepsico CEO, Ramon Laguarta to succeed

    Indra Nooyi to step down as Pepsico CEO, Ramon Laguarta to succeed

    Economy

    She was also one of few women of color to head a major company. Nooyi's successor, Ramon Laguarta , was named PepsiCo's president last July. She has also bolstered its portfolio of healthier offerings, which now account for almost half of its sales, compared with about 38 percent in 2006, better aligning its portfolio with evolving consumer tastes, according to Morningstar analyst Sonia Vora.
  • Oil prices decline amid rising output

    Oil prices decline amid rising output

    Economy

    The actual record was a build that surprised the market. Price differentials for the medium-sour Mars grade to Dubai quotes on arrival in North Asia have fallen to 50 cents to $1 a barrel, down from indications of $1-$1.50 at the start of July, partly as China avoided USA crude due to potential import tariffs.
  • China Plans Tariffs on $60 Billion of Imports to Counter Trump

    China Plans Tariffs on $60 Billion of Imports to Counter Trump

    Economy

    But amid that pushback is often the key caveat that Trump might sometimes be on to something. According to Reuters, the Chinese commerce minister said in a statement after the latest round of tariff threats that the U.S. It said retaliatory duties of 25 percent, 20 percent, 10 percent or 5 percent on 5,207 products will be imposed "if the USA side persists in putting its tariff measures into effect".
  • Wisconsin's five-day sales tax holiday begins Wednesday

    Wisconsin's five-day sales tax holiday begins Wednesday

    Economy

    The other two holidays that will be discontinued from the state sales tax exemptions are are the Second Amendment Sales Tax Holiday Sept. 7-9 and the Disaster Preparedness Sales Tax Holiday on the last weekend of May. Back in January, Walker stopped at the La Crosse Airport, holding a Spider-Man backpack touting the sales tax holiday , along with the recently completed $100 per child tax credit - which pundits also called an election gimmick.
  • Apple becomes the first company with a $1 trillion valuation

    Apple becomes the first company with a $1 trillion valuation

    Economy

    The Silicon Valley stalwart's stock has surged more than 50,000 percent since its 1980 initial public offering, dwarfing the S&P 500's approximately 2,000-percent increase during the same nearly four decades. "A clean beat on the path to $1 trillion". The rise is even more astonishing - 50,000% - since the company first listed in 1980. What makes it impressive is that Apple buys back a lot of its stock.
  • Tesla burns $US740m in cash on way to loss

    Tesla burns $US740m in cash on way to loss

    Economy

    But the company has a track record of missing its goals, and there remain big questions around Tesla's ability to scale production and compete with electric cars from other auto manufacturers. That was worse than Wall Street estimates. Analysts expected a loss of $2.92 per share on revenue of $3.92 billion. Tesla projected total 2018 capital spending at just below $US2.5 billion.