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What it did now is only an eyewash. If the Centre is serious, it should reduce the tax to what it was when it assumed office. While some states like Andhra Pradesh and Karnataka cut the fuel prices weeks ago by announcing a cut to the Value-Added Tax charged by the states, Tamil Nadu, Telangana and Kerala had maintained that it was up to the Central government to reduce the prices.
  • Iran oil exports fall before US sanctions: global banking group

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    Benchmark crude, Brent hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to around $80.75 dollars. U.S. The so-called "OPEC+" group, which includes producers such as Saudi Arabia and Russian Federation, met over the weekend but did not see the need to add new output.
  • Michael Kors reportedly ready to buy Versace for $2B

    Michael Kors reportedly ready to buy Versace for $2B

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    The deal with Michael Kors would come after the rumoured retreat of Kering, the French fashion giant which owns luxury brands like Gucci, Yves Saint Laurent and Alexander McQueen. Versace , which makes more than half of its sales in Asia, would be a crown jewel for Michael Kors Holdings (kors), which a year ago purchased shoe brand Jimmy Choo for $1.2 billion.
  • Amazon to open 3,000 brick-and-mortar stores by 2021

    Amazon to open 3,000 brick-and-mortar stores by 2021

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    The report of new Amazon Go stores follows the opening of two new Amazon Go locations, in Seattle and Chicago, earlier this month. Two other stores, including the original Amazon Go, also have a small selection of groceries, making it more akin to a convenience store.
  • China took out $500 billion a year from USA to rebuild itself

    China took out $500 billion a year from USA to rebuild itself

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    We have been ripped off by China. Trump reacted on Twitter , promising "great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted". "But at this time, everything the United States does does not give the impression of sincerity or goodwill", he said. "They worry that the tit-for-tat model is playing into Trump's hands".
  • Trump & Trade: Feeling the pressure - ING

    Trump & Trade: Feeling the pressure - ING

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    China said Tuesday (Sept 18) it would "take countermeasures" after US President Donald Trump announced new tariffs on US$200 billion of Chinese imports taking effect next week. "These new retaliatory tariffs run afoul of the carefully tailored provisions of the Trade Act of 1974, which require any action to be within the scope of the Section 301 investigation", Shapiro said in a statement .
  • Shares knocked lower after new US tariff threat on Chinese goods

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    China retaliated against the first round of USA tariffs, which were applied mostly to Chinese technology imports, with its own $50 billion of tariffs, primarily on US agricultural goods. goods including pig hides, cocoa butter and condoms. The president has vowed to put punitive tariffs on another $200 billion in Chinese goods, meaning tariffs would now affect roughly half of what the United States buys from China - its largest source of imported merchandise.
  • Aldi and Coles pull strawberries from shelves over needle fears

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    A fresh report of a contamination in Townsville is being investigated, Queensland police said, following instances elsewhere in the state. They have yet to reveal possible motives but the Queensland Strawberry Growers Association said a disgruntled former worker might be responsible.
  • FDA Takes ‘Historic Action’ On Youth E-Cigarette ‘Epidemic’

    FDA Takes ‘Historic Action’ On Youth E-Cigarette ‘Epidemic’

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    The statement also states that the agency issued 1,300 warning letters and fines to retailers who were caught illegally selling products to minors in "an undercover blitz of brick-and-mortar and online stores this summer". "I wouldn't say they are harmless but we haven't had the opportunity to evaluate the real risks", he said. The FDA's core message: Children must first be protected from becoming addicted to nicotine even if it means less availability of e-cigarettes for adults trying ...
  • Perdue Says NAFTA Must Include Dairy Fix

    Perdue Says NAFTA Must Include Dairy Fix

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    The governing Liberal Party is holding its caucus retreat in Saskatoon on Wednesday and Thursday and it's not known whether Ms. Freeland will pause negotiations after Tuesday to head to the caucus meeting. Meanwhile, despite the "several" issues still in dispute, there is strong will on the US side, especially, to wrap up the talks by Friday, trade lawyer Dan Ujczo said Monday.
  • White House adviser admits Trump got his facts wrong in economy tweet

    White House adviser admits Trump got his facts wrong in economy tweet

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    In response, Trump did what he does best - talked utter bollocks that made little to no sense. Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president. The economy was, however, struggling when Obama took office in 2009. The U.S.is now its 10th year of economic growth, and in its longest period of growth with 95 straight months of job creation.
  • China promises to retaliate against latest United States tariffs

    China promises to retaliate against latest United States tariffs

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    The Cupertino, California, company makes most of its products - most notably, the iPhone - in China, but Trump says it could avoid tariffs by moving manufacturing back home. Start building new plants now. "Without the tariffs , the business case was pretty solid for that model in the United States market", Kim said. "The margins are very slim, " Dziczek said.
  • Apple, Intel: US Tariffs on China Will Increase Prices for Electronics

    Apple, Intel: US Tariffs on China Will Increase Prices for Electronics

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    Implementing both sets of tariffs would subject virtually all USA imports from China to new duties as the world's two largest economies escalate their trade war over Trump's demands that Beijing make major economic policy changes. United States president Donald Trump has threatened to intensify his trade war with China, warning he could impose tariffs on nearly all its imports.
  • Les Moonves Has Reached a Settlement to Leave CBS

    Les Moonves Has Reached a Settlement to Leave CBS

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    CBS said Moonves will not receive any severance benefits and any future payments would be dependent on the outcome of an independent investigation now taking place. Some of the allegations include forcing women to perform oral sex on him and preventing career advancement when his advances were turned down. Accusations by six other women, which appeared in the same magazine in July, had sparked an investigation by CBS .
  • Trump Presses Apple to Shift Production to U.S.

    Trump Presses Apple to Shift Production to U.S.

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    The Trump administration has argued that tariffs on Chinese goods would force China to trade on more favorable terms with the United States . But the higher cost of wages in the United States could offset the benefits Apple might gain by avoiding tariffs affecting its products manufactured in China.