Business

President Trump threatens 20 percent tariff on European cars

President Trump threatens 20 percent tariff on European cars

According to people familiar with the deliberations, US Ambassador to Germany Richard Grenell has met with executives at major German automakers, including BMW , Volkswagen and Daimler , to discuss Trump's threat of tariffs. American tariffs on steel and aluminum have also hit Canada, Mexico, India, Turkey and China. It exported more than 70% of those cars to other countries.


Elon Musk Has A Whistleblower Problem

Elon Musk Has A Whistleblower Problem

Tesla is nevertheless upgrading its security as a precaution. The showdown has exposed a deep rancor in a tech giant that has become infamous for its head-turning cars, high-pressure workloads - and Musk , its unyielding boss. Tripp claims all of this is false and that he never hacked anything, saying he doesn't even possess the coding skills that would require. The lower-priced Tesla comes with $35,000 to $40,000 price, although the vehicles now being built are said to be in the ...


US states can force online retailers to collect sales tax

US states can force online retailers to collect sales tax

A recent loosening of states' sales tax collection affects purchases of products online. The Florida Retail Federation, which has long tried without success to get the Legislature to address the issue, hailed Thursday's decision. Not least of those is Amazon , a large part of whose business consists of sales made through other merchants operating on the site. Illinois Department of Revenue Director Connie Beard says in a statement, "To be clear, this is not a new tax".


Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

Saudi pledges 'measurable' oil supply boost as OPEC, Russia agree deal

OPEC's deal to release more supply centers on the idea of returning to 100 percent compliance with existing, agreed cuts. The 24 nations in the supply-cut pact, known as Opec+, agreed in late 2016 to trim production by 1.8 million barrels a day but they have actually been keeping some 2.8 million barrels per day off the market.


Opec edges closer to raising oil output, Iran’s nod is key

Opec edges closer to raising oil output, Iran’s nod is key

He acknowledged not all of the cartel's members could increase output, in a reference to countries such as Venezuela. Saudi Arabia is reportedly under pressure from its United States ally to open the spigots as Trump hopes for lower pump prices ahead of November's mid-term elections.



WTI keeps rising and hits $69.00 after OPEC agreement

OPEC and partners including Russian Federation and Oman have since a year ago cut output by 1.8 million bpd. Oil hit almost $80 per barrel last month, sending gasoline prices in the United States above $3 per gallon in many areas for the first time in years.