Business

De Beers admits defeat over man-made diamonds

De Beers admits defeat over man-made diamonds

The technology to insert the mark has been developed by Opsydia , an offshoot of Oxford University, and the diamonds will be sold by a new company called Lightbox Jewelry beginning in September in the United States, the world's leading diamond jewelry market where demand hit an all-time high a year ago.


Trudeau slaps retaliatory tariffs on US

Trudeau slaps retaliatory tariffs on US

That means that President Donald Trump will be face to face with a number of leaders who have taken retaliatory action against the US when he makes his closely watched Canadian debut at the G7 next week in Quebec. Finally, talks to revise the North American Free Trade Agreement remain unresolved. "It's not everyone attacking the other and we see who remains standing at the end", he said, declaring that the stiff taxes would be "unjustified, unjustifiable and dangerous".



USA to slap tariffs on European Union steel and aluminium

Trump had been widely expected to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union . US Commerce Secretary Wilbur Ross told reporters on a telephone briefing that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico would go into effect at midnight.


Aussie Shoppers Blocked From Using Amazon's US Website

Aussie Shoppers Blocked From Using Amazon's US Website

Under new GST collection laws, online retailers will be forced to apply the 10 percent GST to goods purchased on global sites and shipped to Australia. Some 4.6 million Australians visited Amazon's U.S. site in November 2017, the month before its Australian website went live, according to consumer metrics company Nielsen.