Business

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Car Tariffs? Europe Is Ready to Retaliate

The European Union says it will continue a tit-for-tat escalation in its trade dispute with the U.S. while countering President Donald Trump’s …

European Union

US imported more seafood in 2017 than any prior year

PORTLAND, Maine (AP) — The United States imported more seafood last year than at any point in its history, and the nation's trade deficit in the sector is growing, federal data show.<p>The U.S. imported more than 6 billion pounds of seafood valued at more than $21.5 billion in 2017, according to data …

New England

China to Unleash $108 Billion in Reserve Cut for Some Banks

China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as …

Central Banks

Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Corp <IPO-XMGP.HK> said on Saturday there is no time frame for a mainland share offering, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.<p>Xiaomi had been expected to raise up to $10 billion, split between …

Hong Kong

Surf Air faces lawsuit, tax liens

To hear Sudhin Shahani explain the latest turbulence at Surf Air, you would get the impression that all is well with the all-you-can-fly membership airline.<p>But the chairman and chief executive of Surf Air, based in Santa Monica, can’t completely dismiss the sense that something is amiss at the …

Judiciary

Ikea finally set to open first store in India – but holds the meatballs

Ikea is set to open its first store and restaurant in India after years of trying but arguably its most famous item is off the menu – Swedish meatballs.<p>Ikea, the world’s biggest furniture retailer, will next month cut the ribbon on a massive 37,000 square metre outlet in the southern city of …

India

Han Solo 'blaster' fetches $550,000 in New York

<b>A "blaster" used by Harrison Ford's character Han Solo in the film Return of the Jedi has sold at auction in New York for $550,000 (£415,000).</b><p>The weapon, made mostly of wood, had previously spent more than 30 years in the possession of the film's art director James Schoppe.<p>It sold for more than a …

Star Wars

Cramer Remix: The best way to play the stress test results

Jim Cramer breaks down why he’s buying Citigroup shares ahead of the Federal Reserve's stress test results.

Remixes

OPEC president: Hope to reach agreement with non-OPEC producers

Suhail Al Mazrouei spoke with CNBC's Steve Sedgwick about OPEC's output hike deal on Friday.

OPEC

Russian energy minister: Trump's tweets didn't influence output deal

Alexander Novak stressed that Russia made its oil proposal on its own initiative.

Donald Trump

Sony Music Exec on State of Music Streaming

Cheddar's Peter Gorenstein spoke with Sony Music Head of Digital Marketing Marcelo Perez about the state of music streaming and why vinyl is making a …

Sony Music

Cheddar

Customer Service

Why Twitter Isn't Competing With Instagram

The social media platform has been trying to establish itself as a prominent player in social video but it isn't intimidated by Instagram's new video …

Social Media

TAP Portugal uses 'proving flights' to show off new Airbus A330neo

TAP Portugal's newest business-class cabin, seen aboard the carrier's first Airbus A330neo during a test flight before delivery on June 23, 2018 at Miami International Airport. Jeremy Dwyer-Lindgren, special to USA TODAY<p>TAP Portugal's first Airbus A330neo visits Miami International during a …

Aviation

Long before the Trump-Kim summit, US-based group sowed seeds of peace in North Korea

President Donald Trump's historic summit with North Korean leader Kim Jong Un produced a thaw in relations between the two countries but the …

North Korea

Boeing Grabs Another Big Widebody Order

Boeing has received more orders for widebody planes year to date than it did in all of 2016. A recent 24-aircraft deal with FedEx added to Boeing's …

Aviation

Retailers experiment with blue lights to deter drug use

WILKES-BARRE, Pa. (AP) — Colored bulbs cast an eerie blue glow in the restroom of a convenience store where people who inject heroin and other drugs have been seeking the relative privacy of the stalls to shoot up.<p>The blue lights are meant to discourage people from using drugs in store bathrooms by …

Public Health

Poll: 66% Of Voters Oppose Trump DOJ's Move To Gut Patient Protections

The survey of likely voters by Hart Research Associates is another sign of mounting political problems for Republicans heading into the November mid-term elections, putting GOP candidates on the defensive for the Trump DOJ’s decision not to defend one of the most popular features of the ACA.<p>The …

Health Care

European spirits maker to open first US distillery in 2020

ALBANY, N.Y. (AP) — A European company plans to open a new distillery in New York City's northern suburbs, adding to the growing number of craft distilleries in New York state.<p>Gov. Andrew Cuomo announced Friday that the Alexandrion Group, Romania's largest spirits producer, will build its first …

New York City

3 Things Adobe Executives Can't Stop Talking About

The software company sees numerous opportunities to achieve its ambitious growth goals.<p>There were plenty of high points when <b>Adobe</b> (NASDAQ:ADBE) …

Artificial Intelligence

Fox Warns Tory Rebels Not to `Play Games' With U.K. Trade Bill

U.K. International Trade Secretary Liam Fox warned fellow Conservatives not to “play games” with the government’s proposed trade legislation on …

Great Britain

Customer Service Professionals Gather In Las Vegas For CEX ... And Much More

“You had me at hello.” You may recognize that line from the 1996 film <i>Jerry McGuire</i>, starring Tom Cruise and Renée Zellweger. That’s how I felt when Mario Matulich, Executive Director of Customer Management Practice, took the stage to open Customer Contact Week in Las Vegas with the following line: …

Customer Experience

Crude output deal for 2019 in the works

OPEC and non-OPEC members are already considering an oil output deal for 2019, according to Russia's energy minister, after the the cartel of major …

Oil

Banks May Be Using Lehman-Style Trick to Disguise Debt

Banks may be disguising their borrowings in a way similar to that used by Lehman Brothers Holdings Inc., with debt ratios falling within limits …

Central Banks

Barnes & Noble's NOOK Sales Decrease 23.9% in 2018

Barnes & Noble released its FY 2018 financial results last week. Nine months after the start of CEO Demos Parneros’ tenure, sales are still decreasing, but more less rapidly.<p>Sales in 2018 decreased 5.96% over 2017 (from $3.89 billion to $3.66 billion), while 2017 sales had decreased 6.47% over 2016 …

Barnes & Noble

JPMorgan subsidiary to sell Saudi Investment Bank stake for $203m

A subsidiary of JPMorgan Chase agreed to sell its minority stake in Saudi Investment Bank for 759.3 million riyals ($203 million), Saudi Investment …

Mohammed bin Salman

All grown up and nowhere to work: Berlin runs short of office space

BERLIN (Reuters) - Nearly 30 years after the fall of the Wall, "cool" Berlin is booming, with some 40,000 people moving to the German capital every year to work not just at its vibrant tech start-ups but also increasingly at big multinational firms.<p>As the city once seen as a low-cost government …

Germany

Cash-Rich Japan Offers a Haven From U.S. Zombies

Its companies have remained immune to the lure of easy credit.<p>There are few places for investors to hide when a global trade war is about to erupt and the U.S. Treasury yield curve threatens to invert. Japan may be one.<p>The nation’s stock market has been relatively calm this year, with the Topix …

Stock Markets

Natural Gas Continues To Flirt With $3/mmBtu

Natural gas has rallied since mid-February and continues to flirt with the key psychological level of $3/mmBtu. The technical structure for the …

Natural Gas

Uber begins the fight to keep its London licence on Monday, and it's a battle that could define the whole company

Uber's fight to stay operational in London will begin in earnest on Monday morning, in a court case that has ramifications for its entire business.<p>It's a major test for chief executive Dara Khosrowshahi, and the changes he has implemented to the ride-hailing company to appease public and regulatory …

Northern Europe

East Coast train line back under public control

<b>Rail services on the East Coast Main Line are back under government control, following the failure of the franchise.</b><p>Stagecoach and Virgin Trains, which had a 90% and 10% stake in the venture respectively, handed over control on Sunday after running it since 2015.<p>The Department for Transport will …

Trains

Against the grain: Australian banks face rural lending reckoning

SYDNEY (Reuters) - Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013.<p>"I got a letter from the bank lawyers …

Australia

Midnight Cheers and Disbelief as Saudis End Ban on Women Driving

They hit the road at midnight in celebratory packs, whooping and ululating for joy.<p>Teenagers gathered on Riyadh’s main boulevard to gawk. Men cracked …

Mohammed bin Salman

Telemundo Has a Big Goal: Win the World Cup

MIAMI — Nearly seven years before this year’s World Cup began, Eli Velazquez, a sports television executive for Telemundo, was awakened by an early morning phone call from his boss six time zones away. It was earth-shattering news.<p>For the first time, Velazquez’s longtime employer, Telemundo, one of …

Media Industry

Some companies forgo marijuana testing as more states legalize

As marijuana is legalized in more states and employers look to entice workers, some companies are doing away with testing for pot unless a worker is found to be high on the job.

Cannabis

Going, going, gone! A rare Ferrari 250 GTO is set to break auction records

Among classic car aficionados who have tens of millions to spend on their hobby, the Ferrari 250 GTO is often referred to as the “holy grail.” Only …

Classic Cars

AT&T Is Now Forcing Unlimited Customers to Take a Bundle

AT&T is bundling its new Watch TV service with its new unlimited mobile data plans.<p><b>AT&T</b> (NYSE:T) told investors it was going to double down on …

Telecoms

Sam Adams teams to support veteran-owned small businesses

Samuel Adams founder Jim Koch knows a few things about what it takes to become a successful businessman, and that's exactly why he's giving back to American military veteran entrepreneurs.<p>Through the company's Brewing the American Dream philanthropy program, veteran-owned small businesses in the …

Small Business

An unusual divergence in commodities is hiding signs of a global slowdown, economist says

The U.S. economy is bounding along but economic forecaster Lakshman Achuthan sees evidence of a global slowdown in an unlikely place: Demand for cow …

Stock Markets

Airbnb Says NYC Councillors are 'Puppets' of the Hotel Industry, Citing Campaign Contributions

Airbnb has escalated its long-running battle with lawmakers in New York City, accusing City Council members of being in the pocket of the hotel …

Hospitality

Brexit Has Already Slowed U.K. Growth by 2.1%, According to New Study

A new analysis has found that the U.K.’s decision to exit the European Union has already slowed the nation’s economic growth by a cumulative 2.1% as …

Great Britain

NBN Co faces fines for 'horror' customer service under Labor plan

The operator of the national broadband network could be fined for lengthy repair times and missed appointments under a Labor proposal to establish a wholesale service guarantee.<p>It would allow consumers to be compensated if NBN Co failed to meet an agreed set of performance standards, and Labor says …

Customer Service

Intrigue surrounds charges against Fitbit employees in Jawbone case

Two years after the International Trade Commission cleared Fitbit of the theft of trade secrets from Jawbone, a federal grand jury returned charges …

Employment