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Alleging that China has been unwilling to change its unfair trade practices, Trump said the new additional tariff structure would be effective September 24 from when it would be at 10 percent until the year end, but would increase to 25 per cent level from January 1.
  • Petrol, diesel prices hit new highs, rise for 9th consecutive day

    Petrol, diesel prices hit new highs, rise for 9th consecutive day

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    Similarly, the price build-up of diesel in Delhi at ₹71.15 a litre includes excise duty of ₹15.33, dealer commission of ₹2.51, and Value-Added Tax of ₹10.46 (including Value-Added Tax on dealer commission). "I would like to mention two points, and both these subjects are external". Commenting on the relentless price rise, former finance minister P Chidambaram said: "Relentless rise in prices of petrol and diesel is not inevitable".
  • As Buhari arrives Beijing, Nigeria and China signs $328m ICT deal

    As Buhari arrives Beijing, Nigeria and China signs $328m ICT deal

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    It has already seen China loan billions of dollars to countries in Asia and Africa for roads, railways, ports and other major infrastructure projects. He announced a $60 billion funding package to African countries, some of which is yet to be fully implemented. As Chinese manufacturers move to making higher-value products, "the slack that is produced as a outcome can be taken up by African economies", according to Tshabalala.
  • Canada NAFTA talks to resume as deadline looms

    Canada NAFTA talks to resume as deadline looms

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    Canada cited its ongoing disagreement with the US over allegations it dumps lumber into America as a reason to keep the panels, they said. "Remember, NAFTA was one of the WORST Trade Deals ever made". Even before trade negotiations got underway, Ottawa had begun a concerted strategy to reach out to U.S. stakeholders to drive home the benefits of Canada-U.S.
  • Talk About Having Your Car on Blocks! Lego Builds Working Bugatti Chiron

    Talk About Having Your Car on Blocks! Lego Builds Working Bugatti Chiron

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    The life-sized Chiron is a little beyond the budgets of most enthusiasts, but Lego also makes a miniature replica of the vehicle that you can build at home. Lego also published a longer video detailing the build process, and the testing that's definitely worth your eight minutes. Not only does it look like the real thing, you can actually drive it.
  • NAFTA negotiations continue in Washington as Friday goal nears

    NAFTA negotiations continue in Washington as Friday goal nears

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    It was her first in-person NAFTA meeting with Lighthizer since the spring. Freeland told reporters after the meeting she and her team plan to work this week in "a full-steam effort" and said both parties will start diving into specific issues Wednesday morning.
  • Whitbread to sell Costa Coffee to Coca-Cola for £3.9bn

    Whitbread to sell Costa Coffee to Coca-Cola for £3.9bn

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    Coca-Cola Co (KO.N) has agreed to buy the world's second largest coffee chain Costa from Britain's Whitbread Plc (WTB.L) for $5.1 billion including debt, opening a new front in its push into healthier markets. After missing out on the heady growth phase of coffee shops, Coca-Cola is entering when the market in countries like the United Kingdom and the U.S.is crowded.
  • Chidambaram slams govt after RBI says 99.3% demonetised notes returned

    Chidambaram slams govt after RBI says 99.3% demonetised notes returned

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    The total value of SBNs in circulation as on November 8th, 2016 was 15417.93 Billion which means almost all (99.15%) banned notes were deposited back indicating that the Demonetization is a big failure. The remaining fake notes were detected by the regular banks. The RBI's annual report, however, indicates that demonetisation has not made a huge dent in this regard, as the proportion of high-value notes is marginally lower now than what it was pre-demonetisation.
  • Tesla shares dip 3 percent after Musk abandons buyout

    Tesla shares dip 3 percent after Musk abandons buyout

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    Shares fell by as much as 5pc in pre-market trading, and were down around 3pc on Monday morning in the US. In a blog post Friday, the billionaire entrepreneur declared "most of Tesla's existing shareholders believe we are better of as a public company".
  • President Trump Announces United States-Mexico Trade Agreement — NAFTA No More

    President Trump Announces United States-Mexico Trade Agreement — NAFTA No More

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    He said that talks with Canada will begin soon and that teh country could join the agreement or sign their own bilateral deal with America depending on what was agreed. "One way or another we'll have a deal with Canada". But I think we'll give them a chance to have a separate deal. Trump also called the deal that involved two-thirds of the original members of NAFTA "one of the largest trade deals ever made".
  • Oil rises as U.S. inventories fall

    Oil rises as U.S. inventories fall

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    Saudi Arabia told Opec it cut supply in July, rather than increasing output as expected. Concerns that an escalating trade war between China and the US could slow economic growth and weigh on crude purchases eased slightly after sources told Reuters that China's Unipec will resume purchases of USA crude oil in October, after a two-month halt due to the fight.