Tuesday, 20 November, 2018

Apple: iPhone Prices Will Jump 20% If Assembly Shifts to US: BofA

Ford will not build new Focus cars in US, despite Trump tariffs tweet Ford Hits Back At Trump, Says It Won’t Build New Focus Cars In U.S. Due To China Tariffs
Rhonda Young | 13 September, 2018, 15:39

China is retaliating with its hang tariffs on US merchandise.The sphere's two finest economies are clashing over USA allegations that China deploys predatory tactics - including outright cybertheft - to fetch abilities from US companies and subject American technological dominance.

Sedans and other small cars are falling out of favor with Americans. The vehicle will be built in both Chongqing, China, and Saarlouis, Germany, a Ford spokesman said in an interview on Monday. Ford rejected Trump's suggestion, saying it wouldn't be profitable. Trump's administration is moving ahead with plans to impose tariffs of as much as 25% on Chinese imports worth about $200 billion annually, and has threatened measures against the full range of Chinese goods sold into the US.

Washington, Europe and other trading partners argue those plans violate Beijing's market-opening pledges.

"Every $1bn of demand destruction could impact earnings by ~0.05", the BofA report said, adding that manufacturing in the U.S.

Wei Jianguo, vice-president of the China Center for International Economic Exchanges, said China has no intention of challenging U.S. global dominance, adding that it will certainly take a long time to reduce its reliance on the US.

Cynthia Nixon slumps further in NY governor poll
Messages left with the Cuomo campaign and the state party were not immediately returned Monday. The state party hasn't said who approved the mailer, or how many were sent out to voters.

Ford and other auto companies received a similar brush off when they protested that renegotiating the North American Free Trade Agreement could leave them worse off. Discussions with Canada and Mexico have focused on how much they are willing to accede to USA demands.

On currency markets the strong U.S. jobs report added to expectations the Federal Reserve will hike interest rates at least two more times this year, putting further upward pressure on the dollar.

Exports to the United States in August rose 13.4 per cent to $44.4 billion, ticking up from July's 13.3 per cent growth. China's trade surplus with the United States widened to a record in August.

In commodities, oil prices were firmer after three straight days of losses, with US crude futures up 44 cents at $68.19 per barrel.

Beijing matched Washington's first round of tariffs on $50 billion of goods.

Terry turns down chance to join Spartak Moscow
He wrote on Instagram yesterday: "After considerable thought, I have chose to decline a contract offer from Spartak Moscow ". It comes after the Blues legend rejected a move to Spartak Moscow, having decided it would not be in his family's interests.

Fang Aiqing, former vice-minister of commerce, said multilateralism, a core principle of the WTO, was facing an unprecedented challenge, and that the USA tariff measures were to the detriment of the global trading order.

That would cover virtually all the goods the United States imports China.

"The conclusion was for the iPhone (not now impacted by Tariffs) moving production (100% of final assembly) to the US would need 20% price increases to offset the incremental labor costs", wrote BofA.

Last year, Beijing destroyed South Korean retailer Lotte's business in China after the company sold a golf course in South Korea to its government for construction of a missile defence system opposed by Chinese leaders.

Scientists may accidentally make it rain in the Sahara Desert ZlotoNews
Researchers already knew that wind and solar farms can increase the heat and humidity in the areas immediately around them.

Recommended

EU's Juncker eyes free trade pact with Africa EU's Juncker eyes free trade pact with Africa He said that the EU's relations with Africa must no longer be seen "from the sole perspective of development aid". Juncker expressed his disapproval of those who pursued unilateral actions, waging trade and currency wars.

Nerve agent suspects: We were in Salisbury as tourists Nerve agent suspects: We were in Salisbury as tourists Theresa May told the Commons last week that they were officers from Russia's military intelligence service, known as the GRU. The pair said they had travelled to Europe quite a lot for holidays and for business.

How to sign up for Verizon’s 5G home internet service How to sign up for Verizon’s 5G home internet service Verizon is launching what is says is the world's first and only commercial 5G Ultra Wideband Network from October 1. Taxes and fees are included in that rate, and there's no annual contract. "There are no additional hardware costs".

Tevez reveals difference between Ronaldo, Messi training methods Tevez reveals difference between Ronaldo, Messi training methods He has also scored more worldwide goals than both Messi and Ronaldo with nine strikes for Les Bleus in 24 games. He is closely followed by Bayern Munich star Robert Lewandowski on 90, before the list jumps down into the 80s.

Trump comments sting in Puerto Rico amid slow storm recovery Trump comments sting in Puerto Rico amid slow storm recovery For Maria, there was a large gap between when the first loan was approved and when loans started ramping up. From Sept. 30 to October 7, not one of those checks was approved.

US fighter jets intercept two Russian bombers near Alaska US  fighter jets intercept two Russian bombers near Alaska The Russian military formation included two Tu-95 "Bear" bombers and a pair of Su-35 "Flanker" fighter jets, officials said. A group of Russian nuclear-capable aircraft ventured near Alaska on september 11 before being intercepted by U.S.

Climate extremes key driver behind rising global hunger Climate extremes key driver behind rising global hunger The U.N. report went on find a direct correlation between countries "hit hardest by extreme weather events" and hunger. Staple crops such as wheat, rice and maize are particularly at risk from climate extremes .

Apple Permanently Bans Infowars App from the App Store Apple Permanently Bans Infowars App from the App Store Ultimately, most people can probably agree with Apple's latest decision. The App Store expulsion shouldn't amaze anybody. It has a responsibility to do so.

AT&T claims world's first mobile 5G mmWave connection AT&T claims world's first mobile 5G mmWave connection AT&T's engineers used a Qualcomm test device with a Snapdragon X50 5G modem. It will continue to expand from these 19 cities. In today's Tech Bytes, faster mobile services.

Georgia Gov. Deal declares state of emergency ahead of Hurricane Florence Georgia Gov. Deal declares state of emergency ahead of Hurricane Florence While Hurricane Florence has been downgraded, millions of people in and around South and North Carolina are still on alert. The shift in the projected track spread concern to areas that once thought they were relatively safe.

Teaser: Rajinikanth And Akshay Kumar's Ganesh Chaturthi Treat. Do. Not. Blink Teaser: Rajinikanth And Akshay Kumar's Ganesh Chaturthi Treat. Do. Not. Blink After seeing a delay for multiple reasons, the teaser of the Rajinikanth starrer was released on Thursday morning by the makers. Now that the teaser is finally out, we can't wait to watch Rajinikanth locking the horns with Akshay Kumar in ' 2.0'.

House GOP moves to lock in tax cuts House GOP moves to lock in tax cuts Similarly, 85% of Republicans, 55% of independents and 43% of Democrats say the writer of the op-ed ought to identify themselves. Carter also praised Trump for meeting with North Korean leader Kim Jong Un.

Harvey Weinstein Seen on Video Touching and Flirting with Rape Accuser Harvey Weinstein Seen on Video Touching and Flirting with Rape Accuser She recorded the encounter as part of the demo, which she told Sky she thought she was doing with the company's marketing team. The 2011 meeting was part of a pitch by Thompson to get Weinstein to use her tech startup company, she said.

Google to Kill Its Inbox App In Favor of Gmail Google to Kill Its Inbox App In Favor of Gmail Back in 2014, the folks at Google responsible for Gmail did something unexpected: They introduced a new email app. Google claims this is in the works, but did not give an official timeline as to when to expect the feature.

Will Meghan Markle attend her family reunion? Will Meghan Markle attend her family reunion? The time together allowed him to grow closer to Harry and continue his "lovely relationship" with daughter-in-law Meghan. Meghan, Duchess of Sussex, has been labeled a "DuchA-" by half-sister Samantha Markle in her latest rant.