Business

US announces timeline for 25% tariff on Chinese tech products

US announces timeline for 25% tariff on Chinese tech products

In addition to the bilateral talks with Beijing, the U.S. also will continue to pursue the complaints filed in the World Trade Organization as well as the cases against individual products. The United States said that it will continue pursuing steps regarding trade with China , days after Washington and Beijing stated a tentative solution to their dispute and suggested that tensions had cooled.


Pret A Manger sold to private equity firm JAB

Pret A Manger sold to private equity firm JAB

The private equity firm previously considered floating Pret, which is known for its freshly made sandwiches, on the stock market but decided it could make more through a direct sale. Pret A Manger and JAB Holdings did not respond to a request for comment outside regular business hours. Pret - which opened its first outlet in London in 1986 - has 530 stores worldwide and is rapidly expanding globally in countries such as the US, China and France.


Starbucks are closing for anti-bias training: What you need to know

Starbucks are closing for anti-bias training: What you need to know

A video of the incident gained viral attention, causing a controversial discussion on race. Soon after, Starbucks announced a policy change, welcoming anyone to sit in its cafes or use its restrooms, even if they don't buy anything. Almost 175,000 employees will participate in the diversity training program - a first step, the company said, in addressing issues of racial bias among its workforce after a high-profile incident in Philadelphia last month prompted massive backlash and public ...


Federal Bureau of Investigation warns of Russian malware attack on 'thousands' of routers

Federal Bureau of Investigation warns of Russian malware attack on 'thousands' of routers

The malware is able to collect information , exploit devices and block network traffic, according to the release. The malware, dubbed VPNFilter , was developed by the Russian state-sponsored hacking group Sofacy, also known as Fancy Bear and APT28, according to the Federal Bureau of Investigation, which last week obtained a warrant to seize a domain used to control the infected routers.



Italy heads to new elections as caretaker PM named

The president has now appointed Carlo Cottarelli , a pro-austerity economist formerly with the International Monetary Fund , to lead a technocrat government, ahead of likely fresh elections in the autumn. Mattarella told reporters that it's important for confidence in broader financial markets that Italy signals its intentions to remain part of the euro.


Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai

Petrol prices rise for 13th straight day; nearly Rs 86 in Mumbai

An unchecked rise in retail fuel prices will feed into inflation before long, and with the general election barely a year away, the government faces a hard choice. Among states, diesel in Bangalore cost Rs 70.25 a litre. Mr Faughnan said 90c of the cost of a litre of motor fuel was made up of Government taxes.