Business

China state media attack US tariffs, leave scope for negotiation

China state media attack US tariffs, leave scope for negotiation

Beijing earlier drew up a list of $50 billion in USA products that would face retaliatory tariffs , including beef and soybeans, a shot at Trump's supporters in rural America. 'It's Foolish' Wang Huiyao, director of the Beijing-based Center for China and Globalization and an adviser to China's cabinet, said Trump's measures will damage U.S.


McDonald’s to switch to paper straws in U.K., Ireland

McDonald’s to switch to paper straws in U.K., Ireland

McDonald's said it has begun testing alternatives to plastic straws in Belgium, and will try other options in France, Sweden, Norway and Australia. British officials will launch later this year a public consultation for a potential bill banning the sale of the single-use plastics.


The SEC says Ethereum's cryptocurrency isn't a security

The SEC says Ethereum's cryptocurrency isn't a security

The US Securities and Exchange Commission is mulling to include alt-coins and Initial Coin Offerings (ICOs ) in the definition of securities. "I am seeing, strictly speaking , the token - or coin or whatever the digital information packet is called - all by itself is not a security, just as the orange groves in Howey were not".



Australian Jobs Show Weakness Even as Unemployment Rate Falls

Over the year to May, the unemployment rate declined 0.2 per cent, while the underemployment rate also fell by 0.2 per cent over the year to 8.5 per cent. At 12.5183 million, employment now stands at the highest level on record, seasonally adjusted. The most jobs were created in Victoria, up 22,100, followed by Queensland, with 5000 more people in work and NSW , up 2800.


Oil Prices and OPEC

Oil Prices and OPEC

Unity within OPEC has been strained, as some members such as Iran have pumped greater supply into the market. Because the cuts have gone deeper than intended, overall supply from the group would still be about 1 million barrels a day below the pre-cuts levels even after the 1.8 million-barrel quota increase, the person said.