Finance

Canada's retaliatory tariffs on US goods do nothing to help Canada and will only hurt American workers, White House spokeswoman Sarah Sanders said Monday. Prime Minister Justin Trudeau said it was necessary for Canada to hold the United States to account. Canadian Foreign Minister Chrystia Freeland said Friday they had no other choice and will not escalate the dispute, but also will not back down.

Canada officially implemented tariffs on about $12.5 billion worth of USA goods Sunday, the latest offensive in the growing trade battle between the United States and other major economic powers. A former Mexican congressman and founding member of a Mexico-based think tank says it's time for Canada to drop the gloves in its trade fight with the United States.

President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on USA ally Saudi Arabia to raise supplies to compensate for lower exports from Iran. Saudi Arabia's Oil Minister Khalid al-Falih arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. Crude oil prices rose on Tuesday with the USA benchmark hitting a four-year high on expected drains in domestic inventories and outages in Libya.

Lopez Obrador, who is leading in the country's election, vowed to eradicate corruption in the country. Lopez Obrador, a former Mexico City mayor, was greeted with rapturous cheers by supporters in the capital's Zocalo central square around midnight, while friends celebrated in his tiny hometown of Tepetitan , in the poor southern state of Tabasco.

What those users didn't realize was that Walmart is also selling a variety of pro-Trump hats and shirts. CBS News reports one person pointed out the company also sold clothing from various vendors for people who opposed former Secretary of State Hillary Clinton, Trump's opponent in the 2016 presidential election, as well as for people who oppose former president Barack Obama.

The escalating protectionist attitude we're seeing is prompting China and the European Union to warn if things get worse, this could lead to a global recession. "Economic analysis confirms that an increased tariff on these products will be harmful first and foremost for the United States economy", said the letter, seen by AFP on Monday.

The European Union has warned the United States that imposing import tariffs on cars and auto parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on US$294 billion of U.S. Trump railed against his trading partners during the meeting, according to sources, and withdrew his support for a joint communique after leaving the summit, angering and bewildering some of Washington's closest allies.

This represents about a quarter of the 6,450 staff it employed globally as of June, data from the company shows. Despite critical acclaim for phones like the HTC One, the company has seen its share of the market decline steadily amid stiff competition from Apple and Samsung.

An Indian official says his country, which imports 400,000 barrels per day of Iranian crude, would only recognise multi-lateral sanctions, rather than unilateral sanctions. "We do not know how the market will react but prices will surely decrease". An analyst note from JBC Energy on July 2 forecast that the oil price could rise as high as $100.

Sales will kick off on July 16th at 12PM PDT/3PM EDT and run through July 17th, this time with sales lasting 36 hours , up from 30 in 2017. Like I said, now's the time to get a Prime trial. Stay tuned to iPhone in Canada as we'll keep you up to date on all the Prime Day 2018 sales in Canada, like past year. The assistant will let you track Prime Day deals and orders.

The company announced a stock swap deal with its software subsidiary VMware that will result in a reorganised tech giant that returns to the stock market, with founder Michael Dell retaining control as chairman and chief executive. (NYSE: VMW ) announced a one-time special dividend valued at $11 billion. EMC owned the majority stake in VMware, which Dell inherited. The tracking stock has almost doubled in value since it was issued, closing Friday at $84.58.

But the world oil market is already tight with unplanned disruptions in Canada, Libya and Venezuela removing supply. But oil officials cited by The Wall Street Journal said it is debatable whether the kingdom would be able to raise output by the amount Trump suggested.

General Motors warned on Friday that expansive United States tariffs on imported vehicles being considered by the Trump administration could lead to " a smaller GM " and risks isolating U.S. America's largest carmaker has added its voice to the chorus of companies and countries criticising proposed United States tariffs on foreign cars and auto parts.

In the face of the damage that did to U.S. "Since Venezuela and Libya failed to produce, OPEC countries made a decision to increase their output by one million barrels to compensate", Sonatrach's CEO noted, adding: "This is why prices stand at the same level".

Additionally, Sports Illustrated's Lee Jenkins reported that when James and Magic Johnson met early in free agency Saturday night, they discussed how to build the Lakers into a championship contender. The Lakers have retired 16 numbers over the course of their storied history, but luckily for James, No. 23 isn't one of them. Those odds may go down since George signed with the Thunder.

The European Union threatened retaliatory tariffs on $294 billion of USA exports if the US imposes tariffs on cars and vehicle parts from the EU, Reuters reported . The EU's letter reportedly said that it has not yet decided on countermeasures to possible vehicle tariffs, but said it is "likely" to apply them to "a significant volume of trade" in the event Trump imposes such tariffs.

Iran's First Vice President Eshaq Jahangiri on Sunday warned its rival OPEC producer Saudi Arabia it would never take Tehran's "place" on the worldwide oil market. "In this battle, any country that tries to take Iran's place on the oil market will be guilty of treason against Iran. and surely one day it will pay the price of this treason", he said.

Coast Guard spokesman Jonathan Lally, according to CBS Miami . We posted about this earlier on Cruise Hive and we weren't expecting a good outcome which unfortunately happens when it comes to a cruise ship overboard. Passengers and staff feared the worst after the ship made a U-turn to search for the man. A Carnival Glory ship that left Miami June 24 for an eight-day cruise had found the crew member.

PDT, several hours after the midnight target set by CEO Elon Musk . In an email sent to employees, Musk said that the company had reached its production target for the Model 3 and is aiming to produce 6000 Model 3s a week in July. The 5,000th auto of the week rolled off the production line on Sunday morning, according to Reuters . Tesla confirmed the contents of the email.

The agency didn't say the leaders agreed and didn't make any reference to two million barrels. The move would compensate for "turmoil [and] disfunction" in Venezuela and Iran , both members of the Organization of Petroleum Exporting Countries, Trump said in a tweet Saturday morning.

Amid soaring sales , the Seattle-based e-commerce giant launched the Amazon Delivery Service Partner program this week to convince you- yes, you- to get delivering packages. "The number of packages Amazon needs to ship in the US has more than doubled over the past five years to roughly 1.2 billion packages last year, according to estimates by supply-chain consultancy MWPVL International Inc".

If Trump's comments are accurate, oil analyst Phil Flynn said it could immediately knock $2 U.S. or $3 off a barrel of oil. Trump told King Salman bin Abdulaziz Al Saud that the oil market could need more supply when the men spoke on Friday, the White House said.

Nobkhat revealed that his government is creating an emergency budget which will be discussed by parliament along with the public budget. The marginalisation of OPEC as a formal decision-making group was evident during the organisation's meetings in Vienna between June 20 and June 23.

Freeland and Prime Minister Justin Trudeau announced dollar-for-dollar tariffs of their own back in May on some steel and aluminum products and other goods from the USA - including beer kegs, whisky, toilet paper and hair lacques. That threat could be a negotiating ploy to restart talks on the North American Free Trade Agreement. The federal support package is similar to the one offered by Ottawa previous year in response US duties on softwood lumber products from Canada.

After declaring bankruptcy in September, the chain in March sought a bankruptcy court's approval to start closing its 735 USA stores, with severance payments coming to a halt during the liquidation. In case you need reminding, here is Geoffrey in happier times. The photo was taken by Rene Johnpiere, who appears to work at a Toys "R" Us. In addition to online platforms like Amazon.com Inc, analysts have pointed to Walmart Inc, Target Corp, JC Penney Co Inc, Kohls Corp and Bed Bath & Beyond ...