Monday, August 19, 2019

New tariffs

The US is imposing new tariffs on $200bn (£150bn) worth of Chinese goods as it escalates its trade war with Beijing. These will apply to almost 6,000 items, marking the biggest round of US tariffs so far. Handbags, rice and textiles...
Has the bitcoin fever broken? Bitcoin prices plunged sharply to below $11,000 on Friday, shedding a third of its value in just 24 hours, according to data from CoinDesk.com. It later rebounded slightly to around $12,000 -- but that's still a...
New car sales fell by nearly 7% last year in the biggest annual drop since 2008, according to industry figures. A slump in demand for diesel, stricter emissions rules, and falling consumer confidence ahead of Brexit were blamed for the...

German recession

Talarming speed and any mistake by policy-makers could push the country into a full-blown slump, a leading economic institute has warned. “The danger of recession has increased markedly. It is a notably more critical picture than a month ago,” said the...
Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, two sources familiar with the matter said on Thursday. Amazon is considering buying Boost - currently one of Sprint’s...
Including bonuses, the average salary in New York City's securities industry jumped by 13% to $422,500 in 2017, according to a report  from New York State Comptroller Thomas DiNapoli. That's the highest figure since 2008 and the third-highest on record, once...
The restaurant chain will aim to get all items like bags, straws, wrappers and cups from recycled or renewable materials, up from half currently. McDonald's also wants 100% of its restaurants to recycle packaging by then, compared with only 10%...
Supermarket shoppers in France will have to dig deeper from Friday when the price of hundreds of high-profile branded products goes up. France’s agriculture minister, Didier Guillaume, says it is part of a bid to rebalance how supermarkets make their...
Savers could be missing out on savings rates 2,500pc higher than they're currently getting by sticking with the banks they know. A number of little-known banks have been creeping into the best buy tables since the summer of 2015 when a...
Fiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker. A source close to the French carmaker’s board said...

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