Business

Tesla is building its own vehicle carriers

Tesla's big problem recently shifted from being one of production to one of delivery, CEO Elon Musk said a week ago in a complaint about the " delivery logistics hell " that stems from increasing production. Musk clarified that this would not affect availability at Tesla's fix centres, the report said. Customers in Los Angeles are receiving emails offering to deliver cars directly to their homes and offices for free.

Business

Trump says he rejected Trudeau, again threatens Canadian-built vehicle tariffs

As the NAFTA negotiations are wrapping up, and after a successful renegotiation of the US-South Korea free-trade agreement, the Trump administration's focus appears to be shifting to trade talks with Japan. . But Trudeau refused to answer whether he feels the president lied. US lawmakers at the Lighthizer meeting cited him as saying the earliest they would be able to consider a deal with Mexico, even a bilateral agreement, would probably be next February or March.

Business

Oil Gains After U.S. Holds Fire on Opening Reserves

Jaeggi, "We're on the verge of some significant volatility in Q4 2018 because depending on the severity and duration of the Iranian sanctions, the market simply does not have an adequate supply response for a 2 million barrel a day disappearance of oil from the markets".

Business

US, Mexico May Proceed Without Canada — NAFTA Talks

Speaking at a news conference in New York, Trump also said he was planning to effectively terminate the North American Free Trade Agreement and impose steep tariffs on all automotive imports from Canada to the United States. The Canadian dollar weakened to its lowest in more than a week against the greenback on Wednesday, as the Federal Reserve hiked interest rates and investors anxious that Canada would be left out of a trade deal with its NAFTA counterparts.

Business

Oil market hears echoes of 2007/8: Kemp

However, Saudi Arabia's leadership of 24 oil-producing countries will be threatened if these states realise that the Kingdom is satisfying Washington's wishes at their expense. The United States is urging other nations to suspend crude imports from Iran by November as part of its economic sanctions. The report says that oil is set to retain the highest share in the global energy mix through to 2040.

Business

Versace fans are begging Donatella Versace to reconsider sale to Michael Kors

The US fashion company also said Versace will fall under its "Capri Holdings" banner upon the closing of the deal, alongside Michael Kors itself and and Jimmy Choo. "This takeover is likely to position the future of Michael Kors and Versace alongside the accessories-focused group Tapestry Inc, which includes Coach, Kate Spade and Stuart Weitzman, rather than powerhouses Kering and LVMH ".


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