Business
Trump hits EU, Canada, Mexico with steel tariffs
European Union's trade commissioner Cecilia Malmstrom had a meeting scheduled with the US Trade Representative Robert Lighthizer in Paris on Thursday among other worldwide trade chiefs. "The U.K. and other European Union countries are close allies of the USA and should be permanently and fully exempted". Meanwhile, South Korea negotiated a steel quota, while Argentina, Australia and Brazil have arranged for "limitations on the volume they can ship to the U.S.
Business
Aussie Shoppers Blocked From Using Amazon's US Website
We've been following the intent of the Australian government to add a charge to imported parcels whose value falls beneath the previous $1,000 threshold for some time. Unfortunately, consumers who've spent the last couple of decades relying on the U.S. version of Amazon to purchase products not readily-available in Australia may now have to start shopping elsewhere, likely at additional expense.
Business
Italy's populist parties say 'conditions met' for government
The president, in his role as guarantor of the constitution, said that an anti-euro economics minister would endanger Italians' savings, which are safeguarded under the Italian constitution. Financial markets have calmed amid increasing signs that Italy may avoid imminent elections after the president gave two populist parties time to figure out whether they can agree on an alternative to an anti-euro economy minister.
Business
Tesla Model 3 gets Consumer Reports recommendation after braking fix
Musk argued that the braking issue could be fixed with an over-the-air software update (OTA), technology that Tesla regularly relies on to improve performance and roll out new features on the infotainment system it its vehicles. Musk also suggested the car's 15-inch touchscreen display could receive an over-the-air update to make it easier to use. Road noise & ride comfort already addressed too.
Business
Canada Buys Trans Mountain Pipeline, Is Energy East Next?
One man said he thought the project would be profitable for Canada. In return, Kinder Morgan will go ahead with its $7.4-billion plan to twin the pipeline carrying diluted bitumen from Alberta's oilsands to the B.C. On CHOK's The Talk Show, live from Parliament Hill Tuesday morning, Marilyn Gladu criticized the spending of $4.5-billion of taxpayers money to try to get the pipeline built.
Business
Rahul terms one paisa fuel price cut as 'prank'
Petrol price in Delhi was cut by 60 paise to ₹ 77.83 a litre. Meanwhile, diesel is priced at Rs. 69.34 in Delhi, Rs. 73.82 in Mumbai , Rs 71.88 in Kolkata and Rs.73.21 in Chennai. The price effective today is based on average global rate from May 15 to May 29. After 16 days of continuous hike, fuel prices on Wednesday witnessed a slight drop.