President Trump is trying to broker a deal to bring down the national trade deficit with China. Experts doubt his goal is achievable.
Guideposts to powerful treatments may be buried in the nation’s medical records. But there is no easy way to gather those records or to get them into a usable format.
President Trump threatened tariffs on $150 billion in goods, then tried conciliation. Beijing’s response either way: Rebuff the offers and avoid specific pledges.
SHANGHAI (AP) — Global airlines are obeying Beijing's demands to refer to Taiwan explicitly as a part of China, despite the White House's call this month to stand firm against such "Orwellian nonsense." The Associated Press found 20 carriers, including Air Canada, British Airways and Lufthansa, that now refer to Taiwan, the self-ruled island that Beijing considers Chinese territory, as a part of China on their global websites.
There are just three days left for dozens of foreign airlines to decide whether to comply with Beijing's orders, or face consequences that could cripple their China business, including legal sanctions. Many have already sided with Beijing.
WASHINGTON (AP) — The United States has raised tariffs on steel from Vietnam that Washington says originated in China and evaded anti-dumping duties on Chinese steel.
The announcement following this week's truce in a broader trade dispute between Beijing and Washington reflects the wide array of strains in the world's biggest trading relationship.
Importers of corrosion-resistant and cold-rolled flat steel from Vietnam will be required to post deposits to pay possible duties of 39 to 256 percent, the Commerce Department said Monday.
U.S. steel producers complained imports of Chinese-made steel through other countries soared after Washington imposed anti-dumping charges in 2015 to offset what it said were improper subsidies by Beijing.
SYDNEY (Reuters) - Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases.
BEIJING (Reuters) - Washington and Beijing are nearing a deal that would remove an existing U.S. order banning American companies from supplying Chinese telecommunications equipment maker ZTE Corp, two people briefed on the talks told Reuters.
TOKYO (Reuters) - Sony Corp said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's biggest music publisher in an industry that has found new life in streaming services.
By Tiisetso Motsoeneng, Philip Blenkinsop and Martinne Geller
LONDON, May 22 (Reuters) - British lawmakers want their European counterparts to quiz Facebook FB.O CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users' data, as he will not give evidence in London himself.
The U.S. and China have agreed on the broad outline of a deal that would save imperiled Chinese telecom giant ZTE, as the two sides move closer to resolving their trade dispute.
TOKYO (AP) — Electronics and entertainment company Sony Corp. said Tuesday it plans to invest 1 trillion yen ($9 billion) mostly in image sensors over the next three years, under a revamped strategy to strengthen both hardware and creative content.
Sony also plans to buy for $2.3 billion a 60 percent stake in EMI Music Publishing, from Mubadala Investment Co. EMI has under its wing classics such as the Motown catalog and Queen, and contemporary artists like Kanye West, Alicia Keys and Pharrell Williams.
Sony already owns 30 percent of EMI so once the deal is finalized, it will own 90 percent of the company.
BEIJING (AP) — Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government.
KEEPING SCORE: The Shanghai Composite Index declined 0.4 percent to 3,201.11 and Tokyo's Nikkei 225 shed 0.1 percent to 22,979.20. Sydney's S&P-ASX 200 lost 0.8 percent to 6,036.80 and benchmarks in New Zealand, Taiwan and the Philippines also fell. Markets in Hong Kong and South Korea were closed for holidays. India's Sensex gained 0.2 percent to 34,690.63.
WALL STREET: Industrial and technology companies led gains after Washington and Beijing appeared to make progress in trade talks. The Dow Jones industrial average rose 1.2 percent to 25,013.29. The Standard & Poor's 500 gained 0.
CHICAGO (Reuters) - U.S. farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach to President Donald Trump's promises for more sales to China.
BOSTON (AP) — A Spanish galleon laden with gold that sank to the bottom of the Caribbean off the coast of Colombia more than 300 years ago was found three years ago with the help of an underwater autonomous vehicle operated by the Woods Hole Oceanographic Institution, the agency disclosed for the first time.
New details about the discovery of the San Jose were released on Monday with permission from the agencies involved in the search, including the Colombian government.
"We've been holding this under wraps out of respect for the Colombian government," said Rob Munier, WHOI's vice president for marine facilities and operations.
Facebook’s chief executive is expected to strike a conciliatory tone about user data on Tuesday when he speaks to members of the European Parliament.
A former Uber Technologies software engineer is suing the ride-hailing firm alleging years of sexual harassment, race discrimination and pay inequity, marking the first test of the company’s new policy for sex-related claims.
Paul Tweed attracted star clients by suing publishers in Belfast, London and Dublin. He plans to hold the social media giants to the same standards.
In the wake of the Arab Spring, the military has amassed a growing business empire, squeezing out private-sector competitors. Now, amid soaring inflation and high youth unemployment, popular resentment is mounting.
The U.S. suspended its threat to put tariffs on $150 billion in imports of Chinese goods while negotiations with China continue, but President Donald Trump could still impose the tariffs if a deal between the two countries doesn’t progress, Treasury Secretary Steven Mnuchin said.
Starbucks tried to dig itself out of controversy by attempting to clarify a policy toward nonpaying guests that generated an onslaught of complaints that cafes would turn into homeless shelters and drug havens.
Sony agreed to buy Mubadala Investment Company’s stake in EMI Music Publishing, a deal that reflects a music business that has been revitalized by streaming.
There is a good case that America’s economy has never needed immigrant labor more than it does now. The long-term demographic trends also suggest immigration can be more helpful than harmful. Yet the climate is more hostile toward immigrants and immigration than at any time in recent memory, Gerald F. Seib writes.
(Reuters) - Some Boeing Co workers at the planemaker' s factory in South Carolina will vote on union representation later this month, the Wall Street Journal reported https://on.wsj.com/2xav6Px on Monday, citing U.S. labor regulators.
How rural Australia opened itself to the world and became a model of integration and revival.
Sony has agreed to buy Mubadala Investment’s stake in EMI Music Publishing, which owns or administers over 2 million songs, including classics like “Over The Rainbow’ and recent hits including Hozier’s “Take Me to Church.”
Softening the rule, which prohibits banks from making speculative but profitable wagers, is part of the White House’s deregulatory push.
President Trump’s negotiating playbook is by now pretty obvious: Make big demands, thump your chest and claim victory. But some of his talk on China has a whiff of desperation.
The swimmer said in February that her former coach, Sean Hutchison, began grooming her at age 13 and abusing her at 16. He has denied the allegations.
Elon Musk, the electric-car company’s chief, said Tesla would lose money and die if it began selling the cheapest version of its mass-market car too soon.
The publication is filing for bankruptcy, according to an associate editor at the magazine.
As state governments develop plans to introduce sports betting, some American Indian tribes in the casino business are working to make sure they’re dealt in.
BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.
GE’s move to spin off its transportation business adds to the roughly $200 billion of assets the conglomerate has shed since 2009.
The deal will allow GE to raise cash to fund its turnaround and shed one of its oldest operations.
A divided Supreme Court gave businesses the power to block employees from joining together to file claims for wage theft and other work-related violations, upholding employer-written rules requiring that each case be limited to a single employee.
(Reuters) - Influential U.S. magazine Consumer Reports will not recommend Tesla Inc's Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk's electric car company.
LONDON (AP) — The head of Parliament's media committee has appealed to European lawmakers to put questions to Mark Zuckerberg on his behalf when the Facebook chief gives evidence Tuesday.
Committee chair Damian Collins wrote to Facebook again Monday, expressing disappointment at its "lack of transparency" in dealing with his investigation into fake news.
He shared his letter with European lawmakers so they could question him about what Facebook knew about political consultancy Cambridge Analytica's harvesting of Facebook users' data.
Ringling Bros. and Barnum & Bailey Circus closed a year ago, sending performers into new arenas; human cannonball ‘Nitro Nicole’ sells yoga gear.
A group of workers at Boeing Co’s large plane-making facility in South Carolina will vote on union representation later this month after labor regulators on Monday cleared a path for a fresh ballot.
NEW YORK (AP) — Microsoft promised Monday to give users worldwide the same data and privacy rights Europeans will get under new regulations there. That's in contrast to some of its tech rivals, who are hedging on how much privacy protections will change for Americans and other non-Europeans.
Microsoft's move means no matter where you live, you'll be able to see what information the company collects about you and correct or delete it if necessary. You'll also be able to object to the use of data for marketing and other purposes. You can exercise the rights by using online tools or contacting the company directly.
New European rules, known as the General Data Protection Regulation, take effect Friday , but U.S.
Divided Supreme Court sides with businesses over workers
WASHINGTON (AP) — A divided Supreme Court has ruled that businesses can prohibit their workers from banding together in disputes over pay and conditions in the workplace, a decision that affects an estimated 25 million non-unionized employees. With the court's five conservative members in the majority, the justices held that individual employees can be forced to use arbitration, not the courts, to air complaints about wages and overtime.
Why US-China trade talks left toughest issues unresolved
WASHINGTON (AP) — Facing the risk of a mutually harmful trade war, the world's two biggest economies have put their differences on hold.
CASTRO VALLEY, Calif. (AP) — A man was killed when the Tesla automobile he was driving veered off a road, crashed through a fence and plunged into a pond, authorities said Monday.
California Highway Patrol spokesman Daniel Jacowitz said rescuers pulled the Tesla Model S from the pond early Monday and found the man's body inside.
The driver was identified as Keith Leung, 34, of Danville, California, said Sgt. Ray Kelly, spokesman for the Alameda County Sheriff's office.
Kelly said it was too soon to know if the vehicle's semi-autonomous Autopilot mode was engaged when the crash occurred or whether the driver may have been speeding or intoxicated.
(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business.
As Uber works to remake its tarnished image, the company is still dealing with the fallout from its past misdeeds.
DETROIT (AP) — Long emergency stopping distances, difficult-to-use controls and a harsh ride stopped Tesla's Model 3 electric car from getting a recommended buy rating from Consumer Reports.
While the magazine said the car has exhilarating acceleration and handling, testers were troubled by its 152-foot average stopping distance from 60 miles per hour in emergency braking tests. The magazine said the distance was worse than any modern car it has tested, and is about 7 feet longer than a Ford F-150, a full-size pickup truck that weighs about twice as much as a Model 3.
Tesla said in a statement that its own tests found 60-to-zero braking distances averaging 133 feet.
DUBLIN (AP) — In homes and pubs, on leaflets and lampposts, debate is raging in Ireland over whether to lift the country's decades-old ban on abortion. Pro-repeal banners declare: "Her choice: vote yes." Anti-abortion placards warn against a "license to kill."
Online, the argument is just as charged — and more shadowy, as unregulated ads of uncertain origin battle to sway voters before Friday's referendum, which could give Irish women the right to end their pregnancies for the first time.
The highly charged campaign took a twist this month when Facebook and Google moved to restrict or remove ads relating to the abortion vote.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
General Electric Co., up 29 cents to $15.26
The conglomerate will get $2.9 billion as it combines its train engine business with Westinghouse Air Brake Technologies.
LaSalle Hotel Properties, up $1.71 to $33.61
The real estate investment trust agreed to be bought by investment firm Blackstone for $3.7 billion.
MB Financial Inc., up $5.63 to $49.28
The bank accepted an offer from Fifth Third Bancorp worth $4.7 billion.
Micron Technology Inc., up $2.09 to $55.48
The chipmaker raised its profit and sales forecasts for the fiscal third quarter.
Roper Technologies Inc., up $5.74 to $281.21
Industrial companies climbed Monday after the U.S.
Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world's two biggest economies might be headed for a trade war.
The S&P 500 index picked up 20.04 points, or 0.7 percent, to 2,733.01.
The Dow Jones industrial average added 298.20 points, or 1.2 percent, to 25,013.29.
The Nasdaq composite climbed 39.70 points, or 0.5 percent, to 7,394.04.
The Russell 2000 index of smaller-company stocks advanced 10.81 points, or 0.7 percent, to 1,637.44.
For the year:
The S&P 500 is up 59.40 points, or 2.2 percent.
The Dow is up 294.07 points, or 1.2 percent.
The Nasdaq is up 490.
The case was the first in the country against a bank for actions during the global financial crisis, and the decision is a blow to British regulators.
The vote was 5 to 4, with the court’s more conservative justices in the majority. The court’s decision could affect some 25 million employment contracts.
G.E.’s unit that manufactures locomotives will be combined with the Wabtec Corporation, in the first move under John Flannery to shed an entire business.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Signs of easing trade tensions between the U.S. and China sent stocks solidly higher on Wall Street, giving the Dow Jones industrial average its biggest gain in two weeks.
Technology and industrial companies led the way higher Monday.
Micron Technology jumped 3.9 percent after the chipmaker raised its profit and revenue forecasts.
General Electric rose 1.9 percent after reaching a deal to combine its train engine business with Westinghouse Air Brake Technologies.
The S&P 500 index rose 20 points, or 0.7 percent, to 2,733.
The Dow Jones industrial average climbed 298 points, or 1.2 percent, to 25,013.
Investors are upping the ante on big oil companies over climate change, demanding they take more concrete action to help curb global warming.
WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday's auction, reaching their highest levels in nearly a decade for the third week in a row.
The Treasury Department auctioned $48 billion in three-month bills at a discount rate of 1.895 percent, up from 1.89 percent last week. Another $42 billion in six-month bills was auctioned at a discount rate of 2.08 percent, up from 2.035 percent last week.
The three-month rate was the highest since those bills averaged 1.9 percent on June 30, 2008. The six-month rate was the highest since those bills averaged 2.135 percent, also on June 30, 2008.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,952.
The decision by Britain’s culture secretary is the latest twist in a takeover battle between Comcast and Rupert Murdoch’s 21st Century Fox for control of the British satellite broadcaster.
The president praised his approach, and criticized Democrats, in a series of tweets on Monday following a three-day negotiation session that ended with little clarity.
Britain is unlikely to open an antitrust review into Comcast’s $30 billion bid for U.K. pay-TV company Sky, a government official said, removing a hurdle for the cable firm in a takeover battle that also includes Fox and Disney.
Netflix signed the former president and first lady to a multiyear deal to produce shows and documentaries for the streaming platform.
NEW YORK (AP) — General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate.
Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman.
Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash. The deal is expected to close early next year.
GE plans to split-off the company after it closes the deal, essentially giving Wabtec shareholders ownership, with 49.9 percent of the new company. GE shareholders will hold a 40.2 percent stake and GE will own 9.9 percent.
LONDON (AP) — Lisa Meyer's hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers.
Most of the time Meyer is focused on hairstyles, color trends and keeping up with appointments. But now she's worried about how the European Union's new data protection law will affect her business as she contacts customers to seek permission to store their details. Even though she supports the law, Meyer fears it may cut her mailing list by 90 percent as people choose to withhold their data or simply overlook her emails.
"It will be difficult to market upcoming events," she said at her shop, Lisa Hauck Hair & Beauty in London.
CHARLESTON, W.Va. (AP) — Despite losing the Republican primary, convicted ex-coal executive Don Blankenship says he'll continue his bid for U.S. Senate as a third-party candidate, though it's unclear if the move violates the state's "sore loser" law.
Blankenship's campaign says in a Monday statement that he'll run as a member of the Constitution Party, which nominated him unanimously.
Blankenship spent a year in prison over a fatal 2010 explosion at one of his mines.
He finished third in the GOP primary this month. The president opposed him.
West Virginia secretary of state spokesman Steve Adams says Blankenship has officially switched his party affiliation to the Constitution Party.
They say 90% of all startups fail. To succeed then, perhaps you should launch 10 startups?
Jokes aside, a major reason for startup failure is poor financial management (amongst other factors – such as a poor team or product). And often, such poor management is symptomatic of a bigger problem – poor personal finance habits. An entrepreneur in control of his personal finance is far likely to manage his organization well. This is why it is vital to follow some crucial good practices on the personal finance front – it translates into great results both on an individual and organizational level.…
LONDON (AP) — Britain's government says it does not intend to refer U.S. media conglomerate Comcast's 22 billion pound ($30.7 billion) takeover offer for London-based Sky to competition authorities, saying the proposed merger doesn't raise concerns on public interest grounds.
Culture Secretary Matt Hancock says he's "reviewed the relevant evidence" and that he is "minded not to issue" an intervention notice.
He says the "proposed merger does not raise concerns in relation to public interest considerations which would meet the threshold for intervention".
The parties have until 5 p.m. May 24 for submissions before he makes a final decision on whether to intervene.
LONDON (AP) — Britain's government says it does not intend to block Comcast's bid for Sky.
Inflation has been a puzzle in the U.S. economy for years, failing to move up much when the unemployment rate tumbled. To resolve the discrepancy, it helps to look at the U.S. as two economies: one for goods, another for services.
Navigating the lending landscape seems to be an eternal struggle for small businesses – thanks to the series of misconceptions associated with small business financing, in general. Small business lending rules that existed 10 years ago, don’t really exist anymore. If you have a credit score of 680 or above, some kind of collateral and some experience to boot, you will easily qualify for a loan right? Not really! As a small business owner, there are still chances of you being turned away.
Considering the difficulties of securing a financial assistance from banks—a bank loan itself is considered to be a myth – i.e.…
With more and more people deciding to work from home or starting up their own business venture, the idea of working at an office seems to be fading. Why wouldn’t it when you can work from the comfort of your own home, hang out at a café and log on to their free Wi-Fi or anywhere else you can get work done?
However, depending on what type of work you are doing, having an office may actually be more beneficial to your business than you realize. Especially if you grow to the point of needed to hire a team, you’ll want a dedicated, organized space meant for your business.…
It’s not uncommon for people to occasionally feel more stress than normal regarding their job. But in most instances, this stress eventually subsides once that deadline passes or that presentation is over. However, some people may come to find that they feel like they’ve bitten off more than they can chew when it comes to their current job. They may be unqualified or ill equipped or simply unsure about how to proceed in that position. When this happens, it can be paralyzing to your self esteem and your career.
So to help you move through this, here are three things you should do when you feel like you’re in over your head at work.…
In the week ahead, readings on U.S. home sales and consumer sentiment will be released, the U.K. will see new inflation data, and the eurozone gets a report on services and manufacturing activity.
The ongoing buzz around cryptocurrencies and what they could do for businesses in the future is one that doesn’t look to be dying down any time soon. One of the hot topics in the discussion currently, however, is whether or not small businesses should start to accept cryptocurrencies as payments in the near future. Here, we’re exploring exactly that.
photo credit: Duncan Rawlinson / Flickr
An Introduction To Cryptocurrencies
By definition, a cryptocurrency is a digital currency that relies on encryption techniques to regulate and verify transactions, transfers and the generation of new ‘coins’. This means that the currency should be decentralised, operating entirely separate to any companies, institutions or banks which not only increases security and reduced risk of fraud, but also provide a fast, efficient and low-cost method of payments and transactions.…
Many entrepreneurs don’t consider choosing the best web host because they don’t realize the impact this could have on business. If you are running an SEO business, you need to invest in quality hosting. With the competition in the SEO field gradually soaring, it could prove difficult to make meaningful progress if your choice of a hosting provider is not the best.
To help you see what you could get from choosing the right web host, here are ways in which a good hosting provider will affect your SEO business.
Uptime or availability
While running an SEO business, one of the channels of marketing you could be using is search engine marketing.…
The International Monetary Fund began negotiating a bailout program with Argentina, which has neared the brink of a crisis as its peso has fallen against the dollar. The Trump administration supports the move.
The alternative minimum tax is a complex levy that raises taxes by limiting the value of certain breaks. The good news for many people: It now is a shadow of its former self.
For a business, promoting the product or service is the biggest task that can take away a large part of the investment. This investment cannot be afforded by small businesses which majorly rely on online promotion methods. One of the most effective ways for promoting your product or service is by blogging.
Yes, blogging when combined with social media will help small business in promoting to wider audience. Unfortunately, many small businesses don’t consider blog effective because:
- It takes commitment of time and resources in term of money
- They don’t have the technical knowledge behind running the blog
- It can be difficult to come up with regular topics for posts about the business
To tackle those issues, you can always hire freelancers to help you out.…
Some store owners bemoan the sight of shoppers peering at their phones as they wander the aisles and pick up what they need, but those owners lack vision. A customer on the phone is an opportunity to reach out, engage, and inspire loyalty — but only if you’re willing to provide the high-tech mobile services that your target market craves. It doesn’t take much, but it’s probably time you at least considered the idea of designing an app to benefit your business and help you with customer outreach.
photo credit: Walmart Corporate / Flickr
Let Mobile Customers Skip the Line
The fastest way to a shopper’s heart is through a quick checkout line.…
In the highly competitive world of small business, finding a way to carve out a niche in your industry is vital for success. According to recent studies, economic uncertainty is the main factor that prohibits small businesses from growing.
If you are like most business owners, you have a number of ideas you want to put into practice. When the time comes to grow and expand your business, having a game plan in place is essential.
Generally, you will need to secure a business financing loan to fund this type of growth. Working with an experienced and reputable lender is the only way to ensure the loan you get is the right fit for your particular needs.…
Some companies just love festooning their hallways, reception areas and meeting rooms with flowers and other plants. The sight and smell of greenery (and any other colours you care to throw into the mix) elevates the feeling in a building and, according to NASA, living plants help to filter out airborne pollution.
Other companies think that a floral touch is too frilly and makes the place look fussy and unprofessional; they may also see caring for plants and buying in new flowers each week as unnecessary expenses. On balance, though, if you’re looking for offices to rent in Teddington, you’d be best served by bringing in a bit of the green stuff.…