Markets
Trump hits China with fresh tariffs, threatens more if Beijing retaliates

Trump announces new tariffs on $200 billion in Chinese goods
Earlier this year, the administration announced 25 percent tariffs on $50 billion in Chinese goods, prompting China to retaliate in kind. "If the USA launches any new tariff measures, China will have to take countermeasures to firmly ensure our legitimate rights and interests", foreign ministry spokesman Geng Shuang told reporters during a regular press briefing on Monday. [Full Article...]
Lucid Motors Receives Billion Dollar Investment From Saudi Arabia’s Sovereign Wealth Fund
Elon Musk may face more than one lawsuit from British rescue diver
Vernon Unsworth sued over Musk's reference to him in a July 15 tweet as a "pedo guy," a comment for which Musk later apologized . Mr Unsworth became a target for Mr Musk after cave rescuers rejected his offer of a mini-submarine created by his rocket company SpaceX to rescue the football team. [Full Article...]
Trump imposes tariffs on $200B more of Chinese goods

Dena, Vijaya, BoB to merge and form country’s 3rd largest bank

China will hit back at any new United States tariffs: ministry
He also warned that if China retaliated then the U.S. would "immediately pursue phase three" which would mean imposing further tariffs with taxes on another $267bn worth of Chinese products. The Retail Industry Leaders Association pointed out that the new tariffs would still hit more than $1 billion worth of gas grills from China, $843 million worth of luggage and travel bags, $825 million worth o... [Full Article...]
Salesforce founder purchases TIME magazine for US$190 million
