Business

Trump Pressures GOP Allies to Block Restrictions on Tariff Power

Trump Pressures GOP Allies to Block Restrictions on Tariff Power

John Thune (SD) and Orrin Hatch (UT), have advised the president against the action as well. Sen. Congress should abolish farm and green energy subsidies, and repeal the "buy American" rules on federal projects. "We're not there confronting the president on tariffs". Five Republicans and four Democrats signed on as co-sponsors to Corker's bill. However, the Koch brothers' campaign could help shore up congressional resolve on tariffs and other policies related to trade.


Tesla Annual Meeting Reveals China Battery Plant, Teases Model Y Plans

Tesla Annual Meeting Reveals China Battery Plant, Teases Model Y Plans

A mix between the Model X and Model 3, the Model Y will be officially announced in March 2019, according to Electrek . The CEO said it's " quite likely " that Tesla will build 5 000 of the sedans a week by the end of this month . Just days after failing to receive a Recommended score in Consumer Reports , the Tesla Model 3 received the Recommended label after improving its braking performance via an over-the-air software update.


Trump prefers separate NAFTA negotiations with Canada and Mexico: Kudlow

Trump prefers separate NAFTA negotiations with Canada and Mexico: Kudlow

Mexico on Tuesday released a more detailed list of specific USA products facing retaliatory import duties, including a host of steel products, pork, fruits, cheese and bourbon. "He hates large treaties". Kudlow's comments echoed a sentiment expressed by Trump himself on Friday, when he told reporters that he "wouldn't mind" separate trade deals with Canada and Mexico.


Oil falls as U.S. supply grows, OPEC considers higher output

Oil falls as U.S. supply grows, OPEC considers higher output

Brent futures for August settlement fell as much as US$1.48 to US$73.81 a barrel on the London-based ICE Futures Europe exchange, and were at US$74.33 as of 1:53 p.m. "If you're Russian Federation and Saudi Arabia , the two really big producers, and Saudi Arabia is the only swing producer, then obviously you want that agreement of cooperation because you need to give a counter-balance to this new emerging American powerhouse of exporting crude".


Only a man can run an airline, says Qatar boss

Only a man can run an airline, says Qatar boss

He went on to list the efforts Qatar Airways has made toward gender equality, noting that more than 33 percent of the airline's employees are women and it was the first airline in the Middle East to introduce female pilots. Qantas Airways Ltd.'s senior management is 40 per cent female, including the heads of the global and frequent-flier loyalty businesses, CEO Alan Joyce said.


Petrol prices around Australia hit four-year high

Petrol prices around Australia hit four-year high

The increase equalled £3.29 in just one month, data from RAC Fuel Watch shows. Its analysis also showed that the average price of diesel increased even quicker, with 6.12p being added over the same period to take the cost to 132.39p a litre.