Markets
Global markets on edge as US-China trade talks resume in Shanghai
Prospective monetary easing by the Fed has been a key factor behind the recent bull run by global equities , particularly US stocks, which have notched up record highs over the past month. GDP data. Sterling has suffered as investors scrambled to price in the possibility that a last-minute agreement to avert a no-deal Brexit may not be realised under British Prime Minister Boris Johnson , wh... [Full Article...]
U.S. plan to allow prescription drugs from Canada
Actual importation of drugs, however, is likely a long way away. The historic proposal comes after President Donald Trump cast aside typical GOP opposition and pushed his health officials to find a way to approve the Republican governor of Florida's recent request to allow the importation of lower-cost drugs. [Full Article...]
Air France-KLM orders Airbus A220
Concerning Air France's widebody fleet, the group said it had now decided, in principle, to retire seven of its ten A380-800s by 2022. Competitive pressures limit the markets the A380 can profitably operate in, with the aircraft consuming 20-25 percent more fuel per seat than new generation long-haul aircraft. [Full Article...]
Amazon to bring this new facility for food lovers
Amazon may be looking to compete in the online food delivery market in India according to a new report . An acquisition of Uber Eats India can be the best business strategy for Amazon India at this moment. A source said, "People order nearly daily from a Zomato or a Swiggy". These apps enjoy vast client stickability. Uber rival Ola, which launched its food delivery service and bought Foodp... [Full Article...]
Good Samaritan buys out Payless shoe inventory to donate to the needy
She ended up with the store's entire inventory. Jernigan says she brought the shoes to the checkout and jokingly asked the clerk how much it would be to buy out the whole store. As the president of her local school board, she realized that she had way too many shoes for her school alone - so she made a decision to hold off for a few months and host a back-to-school event. [Full Article...]
New protest erupts as Hong Kong charges 44 activists with rioting
Tuesday morning's train disruptions, the second in a week, followed a sit-in at the city's global airport on Friday, as well as rallies that ended in violent clashes and police firing tear gas in residential areas on Saturday and Sunday. By mid-morning, commuters were crammed into stations across the city, waiting to board trains that were delayed, with no service on some lines. China on Monda... [Full Article...]
China accuses U.S. of being behind Hong Kong protests
The protester allegedly said he wants to wave the US flag - an act sure to infuriate the Chinese government already irritated by the protracted demonstration in Hong Kong - to invite a Chinese military crackdown that will hopefully provoke the United States into taking more concrete action. [Full Article...]
Moderate U.S. consumer spending, inflation support rate cut
In a separate report on Tuesday, the Conference Board said its consumer confidence index jumped 11.4 points to 135.7 in July, the highest reading this year. While the overall PCE price index was sluggish, an underlying measure of prices showed signs of firming. Excluding the volatile food and energy prices, the core PCE price index increased 0.2 percent. [Full Article...]