Business

U.S. tells allies to halt Iran oil imports by November

U.S. tells allies to halt Iran oil imports by November

The State Department official said that secondary sanctions against Iran are not new. Despite this, Iranian President Hassan Rouhani on Tuesday blamed the United States for the Islamic Republic's economic woes in a speech televised on state-run TV and said Iran is in a "fight" with the USA, suggesting America is trying to damage the country by creating "an economic war".


Harley hitting the road is just the start for USA companies

Harley hitting the road is just the start for USA companies

In late April, Harley said Mr Trump's metal tariffs would inflate its costs by US$15 million to US$20 million this year on top of already rising raw material prices that it expected at the start of the year. Those penalties - which Harley-Davidson estimates may cost it as much as $100 million annually - were in response to USA levies on steel and aluminum imported from the EU.


Turkey President Erdogan Declared Victor in Hotly Contested Presidential Election

Turkey President Erdogan Declared Victor in Hotly Contested Presidential Election

Recep Tayyip Erdogan has won Turkey's presidential election , the country's electoral board has confirmed. The snap elections on Sunday, scheduled by the new Turkish leader on April 1, also saw Erdogan's AK party secure a majority in parliament by aligning itself with the Nationalist Movement Party (MHP), a move that further consolidated the new president's control of Turkey.



U.S. will crack down on all countries trying to steal its technology

The Nasdaq ended more than 2% lower, while the Dow Jones Industrial Average and the S&P 500 dropped more than 1.3%. Earlier, there were various news reports that Trump would place new curbs on Chinese investment in USA technology firms and would block additional technology exports to Beijing .


Trump blasts Harley-Davidson’s decision to shift production overseas

Trump blasts Harley-Davidson’s decision to shift production overseas

The company said in a statement , "Harley-Davidson maintains a strong commitment to US-based manufacturing which is valued by riders globally". "Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region", the company said.



China and Europe warn trade war could trigger global recession

Statement will be out not specific to China, but to all countries that are trying to steal our technology . Late Monday White House trade and manufacturing adviser Peter Navarro sought to downplay Mnuchin's remarks, telling CNBC television that the restrictions on investments in US technology companies would just target China.