Markets
Harley shifting production overseas to address European Union tariffs
The President also predicted the company's demise - "they surrendered, they quit!" - and said their "Aura will be gone". "Harley must know that they won't be able to sell back into US without paying a big tax! ". The US President was so upset with the American firm he made a decision to dedicate a whole Twitter rant to it. He was referring to tariffs Harley-Davidson would face on motorcycles pro... [Full Article...]
Elon Musk teases a 'Mad Max' mode for Tesla Autopilot
We can see the Feature Settings in the images shows a "Blind Spot Threshold" option with " Mad Max " level in it. That means the Semi would require less room between it and the auto in front of it when making a lane change. In its current iteration, Autopilot can keep a auto in its lane and adjust its speed based on surrounding traffic, among other features. Tesla's Autopilot not enough for ... [Full Article...]
U.S. wants allies to cease oil imports from Iran by November 4
The announcement paved the way for the Trump administration to reimpose aggressive sanctions - including on Iran's energy sector - that had been lifted under the JCPOA. The official also said the U.S.is working with other Middle East countries to increase production so the global oil supply isn't harmed. Washington has sought to emphasize that the protests are part of rising economic discontent ... [Full Article...]
The EU (Withdrawal) Bill receives Royal Assent
The bill was passed by Parliament last week and officially became law with the granting of assent by Queen Elizabeth II - a technicality, since no monarch has refused to sign a bill since 1707. He said that both of the government's options for post-Brexit cross-border arrangements - the so-called "maximum facilitation" or "customs partnership" models - were complex, expensive and not deliverable o... [Full Article...]
GE to sell off Baker Hughes
GE said its plan will strengthen its balance sheet by reducing debt, building up cash and further shrinking GE Capital. The company has foundered in several key industrial markets in recent years, and a foray into financial services steered it into the eye of the global financial crisis in 2008. [Full Article...]
Jack Ma Embraces Blockchain for Ant But Warns of Bitcoin Bubble
Ant Financial , an affiliate of Ma's Alibaba Group which was formerly known as Alipay, has been investing in blockchain technology for years, but the new remittance service announced today is a significant step towards using blockchain in mainstream finance. [Full Article...]
Trade war worries whack Wall Street and European markets. We're next!
But contradictory statements Monday from senior United States officials have muddied the waters on what path the White House will take. In late May, the USA announced new tariffs of up to 25 percent on steel and aluminum imports from allies Mexico, Canada and the EU. [Full Article...]
Trump lobs new threats against countries trading with the US
Trump's tweet comes days after he threatened to impose a 20 percent tariff on all European cars entering the U.S. "We don't want to fight (over trade) in public via Twitter". "The tariffs, if they materialize, would call into question the business case for many niche models we now sell in the United States", a senior executive at one carmaker told Reuters on Friday. [Full Article...]