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Bridging The Gap
Free-trade groups urge Trump to drop tariffs on Canada, Mexico. Free-trade groups urge Trump to drop tariffs on Canada, Mexico.
Free-trade groups affiliated with the conservative Koch network urged President Trump Wednesday not to pull out of the North American Free Trade Agreement until Congress ratifies the new deal reached this week with Canada and Mexico. The heads of Americans for Prosperity, Freedom Partners Chamber of Commerce and the LIBRE Initiative also called on Mr. Trump to immediately eliminate steel and al...
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U.S. economy grew at robust 4.2 percent rate in Q2. U.S. economy grew at robust 4.2 percent rate in Q2.
WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, but economists believe growth has slowed in the current quarter, in part because of a drag from trade. The Commerce Department says the performance of the gross domestic product, the country’s total output of goods and services, was unchanged from its ...
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Apple Watch is inching toward becoming a medical device. Apple Watch is inching toward becoming a medical device.
CUPERTINO, Calif. (AP) — Apple is trying to turn its smartwatch from a niche gadget into a lifeline to better health by slowly evolving it into a medical device. In its fourth incarnation, called the Series 4 and due out later this month, the Apple Watch will add features that allow it to take high-quality heart readings and detect falls. It’s part of Apple’s long-in-the-making strategy to give...
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Turkish central bank tries to contain currency crisis. Turkish central bank tries to contain currency crisis.
ANKARA, Turkey (AP) — Turkey’s central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past week and tumbled another 7 percent on Monday as the central...
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Shareholders approve Fox Disney deal Shareholders approve Fox Disney deal
Shareholders have signed off on Walt Disney's plan to buy the film and television assets of Rupert Murdoch's 21st Century Fox for $71bn (£54bn). The approval, which had been expected, bring the merger one step closer to completion. Regulators in the US have already approved the plan, but it still needs the go-ahead in many other countries. The companies said last December they hoped to co...
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Landlords in legal challenge to House of Fraser rescue Landlords in legal challenge to House of Fraser rescue
A group of landlords is going to court over the rescue plan for House of Fraser saying it treated them unfairly. In June, House of Fraser creditors agreed to a company voluntary arrangement (CVA) - a rescue deal under which 31 stores were closed and rents at 10 other stores were slashed by 25%. The landlords said there was "unfair prejudice" against them in this action. House of Fraser sa...
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Nearly $4.7 billion awarded in Johnson & Johnson baby powder lawsuit Nearly $4.7 billion awarded in Johnson & Johnson baby powder lawsuit
ST. LOUIS — A St. Louis jury on Thursday awarded nearly $4.7 billion in total damages to 22 women and their families after they claimed asbestos in Johnson & Johnson talcum powder contributed to their ovarian cancer in the first case against the company that focused on asbestos in the powder. The jury announced the $4.14 billion award in punitive damages shortly after awarding $550 million in c...
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Murdoch's Fox increases Sky bid to £24.5bn in takeover battle Murdoch's Fox increases Sky bid to £24.5bn in takeover battle
Rupert Murdoch's 21st Century Fox has increased its offer for UK broadcaster Sky to £24.5bn. This tops a previous offer from rival bidder Comcast and is part of an escalating battle between media giants, including Disney. Fox is expecting to obtain regulatory approval in the UK for the deal this week. The firm has been waiting for the go-ahead from the government before putting the deal t...
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StanChart exec quits after 'inappropriate' behaviour StanChart exec quits after 'inappropriate' behaviour
The head of compliance at Standard Chartered has stepped down after an internal investigation found his behaviour to be inappropriate. Neil Barry's "managerial style, behaviour and language" towards staff was "not in line with our valued behaviours," an internal memo said. The bank said Mr Barry's behaviour was not bad enough for him to be sacked. Bank boss Bill Winters has been focusing ...
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Oleg Deripaska resigns from Rusal amid US sanctions row Oleg Deripaska resigns from Rusal amid US sanctions row
Russian oligarch Oleg Deripaska has resigned from the board of aluminium producer Rusal to shield it from US sanctions against him. Rusal - which produces about 7% of the world's aluminium- said his resignation was part of efforts to "protect the interests of the company". In April, the US imposed sanctions on Mr Deripaska and seven other oligarchs. The sanctions prevent US citizens from ...
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