Markets
'Bag rage' prompts backdown on plastic bag levy in Australia
One of Australia's top retailers has backed down over a plan to charge customers for plastic bags, in a move that has enraged the country's environmental campaigners. The Projectco-host scoffed at Steve for celebrating Coles 'bringing back the bags, ' suggesting the well-off TV star would hardly notice a difference. [Full Article...]
Google plans censored return to China search market, reports say
The mainland Chinese market, however, has been off-limits to the operations of Facebook, Twitter and Instagram, which are behind the Great Firewall . Google's search engine hasn't operated in China since 2010, when the tech behemoth chose to withdraw from the country due to the very censorship concerns the company now appears to be sweeping aside at Beijing's behest. [Full Article...]
Dollar seesaws against yen
The BOJ chose to maintain the short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent by a 7-2 vote. "While doing so, the yields may move upward and downward to some extent mainly depending on developments in economic activity and prices", the bank said. [Full Article...]
Tesla expects to hit 6,000/week Model 3 production rate
Tesla claimed automotive revenue of approximately $3.4 billion in Q2 2018, and when its energy offerings were lumped in, that figure was closer to $4 billion - beating Thomson Reuters' forecast and setting another company record. Tesla projected 2018 capital spending of slightly less than $2.5 billion, compared to $3.4 billion a year ago. Musk's tweet last month calling a British diver worki... [Full Article...]
Good news for UAE-based NRIs after rate hike in India
Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India (SBI) said in a report, "Even as RBI made a decision to hike, RBI Governor later indicated in the press interaction that the Central Bank target is headline CPI and Core is only a component of it". [Full Article...]
Turkish court rejects United States pastor's appeal
U.S. President Donald Trump has threatened to impose "large sanctions" on Turkey unless Andrew Brunson, an evangelical pastor arrested on charges of involvement in a coup attempt in 2016, is released. The next hearing in his trial is not scheduled until October 12, but his lawyer Ismail Cem Halavurt said he would keep pressing for Brunson's release. [Full Article...]
Wraps, salads sold at Trader Joe's, Walgreens recalled due to parasite concern
Symptoms of Cyclospora infection include watery diarrhea, loss of appetite and weight, cramping, bloating or increased gas, nausea, fatigue, and low-grade fever. "For Cyclospora infections this could take up to six weeks". Cyclospora can have an incubation period of up to two weeks, so illnesses could surface up until August 6, according to Food Safety and Inspection Service . [Full Article...]
Technology is looking a bit toothless
The rush to get out of US tech stocks entered its third day Monday as concerns mounted over how the storied FAANG bloc will fare amid rising interest rates and slower growth. Apple fell as well, dropping less than a percentage point. The media company's board met on Monday to discuss personal misconduct allegations against Chief Executive Leslie Moonves and said it was selecting outside counsel t... [Full Article...]