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Trump's top economic adviser Gary Cohn quits over tariffs

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He told Trump six weeks ago that he planned to leave at some point in early 2018 after completing his main agenda item, the $1.5 trillion tax cut the president signed into law late previous year. The biggest danger for Australia, which is unlikely to be seriously affected directly by the steel and aluminium tariffs , is that Mr Trump next sets his sights on his prime target in trade wars, China, which is Australia's largest trading partner. Read More »

China to Increase Its Defence Budget by 8.1%

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Last year, the United States spent $642.9 billion on defense, the annual Jane's Defense Budgets Report revealed. The government's target for this year is in line with economists' forecasts . "The new target deficit ratio is lower than what most expected.as it has not been cut since 2012", Everbright Sun Hung Kai, a Beijing-based investment bank, said in a note . Read More »

Donald Trump Refuses to Back Down on Tariffs Until NAFTA Renegotiation

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Trump is expected to justify his proposed metal tariffs by invoking a 1962 law that authorizes the president to impose tariffs unilaterally if doing so is necessary for "national security". Senator Orrin Hatch of Utah, whose congressional role includes chairing the Senate finance committee, challenged the president on the matter. Aronson says any tariffs should be aimed at "unfairly traded products". Read More »

Guillermo del Toro talks honoring his roots after Oscar wins

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Del Toro was the strong favourite in this category having taken a string of major awards this year, including best director at the Golden Globes and Baftas, as well as winning the Directors Guild award, a key bellwether. It was his first Oscar win. Mark Bridges wins his second Oscars for best costume design for Paul Thomas Anderson's Phantom Thread . Villeneuve also got a shout-out onstage from Roger Deakins as he accepted the Oscar for best cinematography on " Blade Runner 2049 ". Read More »

Crude oil futures settle at $62.57

In Houston it's unlikely shale producers will bow to Opec. The US was once the world's top oil importer. Barkindo declined to comment on who was attending this meeting, although he said as many as six OPEC ministers would be at CERAWeek. Read More »

Theresa May tells Trump she has 'deep concern' about tariffs plan

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Peter Navarro , director of the White House National Trade Council, said countries will not be excluded from the tariffs because that would become a slippery slope, but there will be a mechanism for corporate exemptions in some cases. Trump said the tariffs might be used as a point of negotiation during talks on NAFTA happening in Mexico City. He added that if price hikes trickle down to American consumers, they would not be significant. Read More »

Le Pen Piles Praise on Italian Lega Party's Leading Position After Elections

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The far-right League, which ran a virulently anti-immigrant, fear-mongering campaign with overtly racist slogans, scored across northern Italy . By contrast, Salvini and Berlusconi - heading for nearly 18 percent and 14 percent respectively - appeared to have dominated the wealthier north, with the centre-left squeezed into a narrow stretch of central Italy . Read More »

Trump trade tariffs: Europe threatens U.S. bikes, bourbon and bluejeans

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The tariffs have prompted a wave of condemnation and threats of retaliation around the world, from the European Union to Canada. Mr Trump has said the United States "will simply apply a TAX" on cars made in Europe if the European Union retaliates against trade penalties he is seeking on imports of steel and aluminium . Read More »

Donald Trump and Theresa May clash over looming trade war

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Trump is expected to finalize the tariffs - 25 percent on steel and 10 percent on aluminum - later in the week, posing a tough challenge for U.S. Trade Representative Robert Lighthizer, Canada's Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo. Read More »

Navarro says 'no exclusions' on steel and aluminum tariffs

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Commerce Secretary Wilbur Ross also said he expects the tariffs to be put in place this week, but noted that whether they actually move forward ultimately will be up to Trump . There's no facts and evidence to support that. At least until these dizzying winds subside, or someone reminds Trump that though 140,000 Americans hold jobs in the steel industry , largely in midterm-ripe Pennsylvania, another 6.5 million are employed by steel-using industries. Read More »

Griezmann "one of the world's best", says Simeone ahead of Barca battle

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We feel like we can become the central team because we have Messi. Diego Simeone's side had won eight and drawn one of their previous nine in LaLiga, but their momentum was halted by another milestone moment for the majestic Messi. Don't best against them pulling it off. Messi's strike was also Barcelona's 100th of the campaign in all competitions. Los Colcheneros did that with great precision, limiting the Catalans' goal attempts, before getting the equaliser through Godin and ... Read More »

Trump Tells EU to Expect New Tax After Their Tariff Threat

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How does this make any sense? Last month, the Department of Commerce issued a report that called for the U.S.to reduce steel imports. Our industries work together. Canada is its largest supplier. "The United States has an $800 Billion Dollar Yearly Trade Deficit because of our "very stupid " trade deals and policies", Trump said in a tweet earlier in the day. Read More »

World pushes back on Trump's trade tariffs

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Bring it on, Trump wrote. Harley-Davidson finds itself the unexpected whipping boy for sudden tensions between Europe and the Trump administration , though the United States auto industry as a whole faces challenges if steel and aluminum tariffs are enacted. Read More »

Trump became 'unglued' and started a trade war on impulse

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European Commission chief Jean-Claude Juncker vowed the bloc "will react firmly" to defend its interests. Chinese leaders have threatened in the past to retaliate if Mr Trump raises trade barriers, but now need to weigh whether to back up those threats with action and risk jeopardising USA market access for smartphones and other exports that matter more to their economy than metals. Read More »

Edwards duo leads Boilermakers in the Big Ten semifinals

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It remains to be seen how the additional week off will impact Big Ten teams once they reach the NCAA tournament. Michigan State just had all they could handle with Wisconsin on Sunday. Star forward Miles Bridges fouled out, but did finish the contest with 17 points. Not much can be expected of a team facing one that makes 43 percent of its shots from 3 and 54 percent from the field as a whole. Read More »

Red-hot Mohamed Salah continues scoring run as Liverpool rises to second spot

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Newcastle earned a 2-2 draw on Benitez's most recent Anfield visit nearly two years ago, and he said, "It's not about me, or the managers, it's what happens out on the pitch". "The other situation is a clear penalty with a foul on Mo Salah". He has been doing it all season. "We could've controlled it better but I'm happy with the rest of the game". Read More »

Italy heads towards general election

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Democratic Party (PD): The PD, now leading the coalition government, is considered to be center-left pro-EURO. EurActiv highlighted five key questions for investors. And if a government is not formed, fresh elections can not be ruled out. The European Union, too, fears their fourth largest economy (third, if Brexit proceeds as planned) might succumb to the populist scourge. Read More »

Canal+ interrompt la diffusion des chaînes de TF1

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Toutes proportions gardées, c'est un peu comme si le leader de la vente de sodas en France avait vu ses produits disparaître des rayons d'une grande enseigne du jour au lendemain au motif qu'il réclamerait des tarifs trop élevés pour ses boissons. Read More »

Trump tariffs won't bring back steel mills — Another View

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Ever since the first iPhone was launched in 2007, Apple uses these materials to make their products premium and long-lasting. "All countries should cope with the situation together and work with each other to explore solutions instead of taking trade restrictions unilaterally and profiting oneself at the expense of the neighbor", Chinese Foreign Ministry spokeswoman Hua Chunying said. Read More »

Ohio Manufacturers Split On Trump's Steel, Aluminum Tariffs

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President Donald Trump is planning to set new tariffs on aluminum and steel. All sectors were trading in negative territory, with autos down 2.3 per cent, weighed down by a near-6 per cent slump in Italian-American vehicle maker Fiat Chrysler on concerns that the USA tariff move could increase raw material costs. Read More »

Walmart And Dick's Will No Longer Sell Guns To People Under 21

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The outdoors company joins a host of others increasing the minimum age for gun purchases following last month's deadly Florida school shooting. Dick's Sporting Goods announced Wednesday it will immediately stop selling assault-style rifles, as well as require all gun buyers to be at least 21. Read More »

Trump Says 'Trade Wars Are Good And Easy To Win'

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Gillespie: America's last trade war exacerbated the Great Depression in the 1930s, when unemployment rose to 25%. "We've had tariffs put in place for aluminum and steel before, the market always finds a place through it", said Michael Mattioli, portfolio manager at Manulife Asset Management. Read More »

Supreme Court rejects Trump administration's appeal over DACA

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States like NY and California have taken the initiative to ensure that healthcare coverage doesn't fall off while Dreamers' protections are being fought in the White House and Capitol Hill . A USA judge says he may allow a nationwide class-action lawsuit to proceed that alleges the government is unfairly revoking work permits from immigrants without giving them a chance to defend themselves. Read More »

Spotify files to list on NYSE

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Based on information provided by the NYSE, the opening public price of our ordinary shares on the NYSE will be determined by buy and sell orders collected by the NYSE from broker-dealers and the NYSE is where buy orders can be matched with sell orders at a single price. Read More »

South Asia celebrates Hindu festival of Holi

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Holi is a joyous celebration of spring when people gather in the streets and play with colours, distribute candies and dance together by smearing "Abeer" or red vermilion powder and throwing colour and water-filled balloons at each other. In ancient times, it was celebrated as a thanksgiving for a good harvest. "My Muslim friends and hostel-mates did not let me feel that I am far away from my family on this eventful day", she exclaimed, adding that "this is what Pakistanis truly are, ... Read More »

Dollar treads water as all eyes turn to Fed's Powell

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Losses in industrial and health care stocks are pulling major US indexes lower in morning trading on Wall Street. Not everyone on Wall Street said Powell's testimony, which stressed the Fed's preference to raise rates in a deliberate manner, made them upgrade their rate hike forecasts. Read More »

The Simpsons successfully predicted a Winter Olympics gold eight years ago

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They can now add another feather to their cap, having predicted eight years ago that the USA would beat Sweden in the Winter Olympics curling final. president Donald Trump's daughter Ivanka and the king of Sweden , they realised that the engraving on the medals said "women's curling ". The high school friends who make up Team Kim revealed they only had an inkling of the fame they had achieved. Read More »

New Aussie Deputy Prime Minister Elected after Resignation

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The Independent Parliamentary Expenses Authority is carrying out an audit into travel and travel-related expenses by Mr Joyce and his former media adviser Vikki Campion , who is now his partner. "They really don't know any of the candidates", Mr Fitzgibbon told reporters in Canberra on Monday. "The Liberal Party has been in coalition with the Nationals for more than 70 years and our enduring and successful political partnership will continue under Michael's leadership of the National ... Read More »

Marjory Stoneman Douglas High School Reopens After Shooting

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But Trump says he's been speaking with the group, "and they do want to do the right thing". Schools must also have dedicated mental health counselors on site to provide direct counseling services to students at every school. During his press conference , Israel voiced his anger on the lack of action from Peterson. In 2016, the organisation's political arms spent $54.4 million (Dh200m) influencing elections, Federal Election Commission records show, including $19.8 million attacking ... Read More »

Armed officer at Florida school shooting never went inside to confront gunman

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Israel says Peterson never went into building where the shooter was firing at students, instead taking a position outside. The revelation prompted widespread outrage. "Address the executioner. Murder the executioner". Corcoran's letter lays out a specific timeline in which he says the Sheriff's Office missed several warning signs form the shooter including an incident in February of 2016 when deputies were called about a threat made by the school shooter. Read More »

Samsung accidentally uploaded Galaxy S9 launch Video and here it is!

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This short clip shows a glimpse of the Galaxy S9's design. The Galaxy S9 - reported to include an upgraded variable aperture camera and improved iris scanner - is the most anticipated new smartphone launch timed to coincide with the telecom industry's annual gathering, which is set to attract over 108,000 attendees and over 2,300 exhibitors from across the telecom and technology ecosystem. Read More »

Airbnb launches 'Airbnb Plus' and 'Beyond by Airbnb' aimed at high-end customers

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Hosts must complete a rigorous checklist to qualify for the program. Airbnb estimates to support 1.3 million jobs globally in 2017. The average price of an Airbnb Plus property is less than $250 per night, Chesky said. Initially, there were just three types of offerings: shared space, homes, and private rooms. The site will soon roll out new property classifications - vacation home, unique, boutique and bed and breakfast - and a " Collections " feature that filters accommodations by ... Read More »

Alberta ends BC wine boycott

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The government plans to continue moving forward with public consultations on those proposed measures. And so we have ourselves an out and out provincial trade war, thanks to John Horgan and the B.C. "This was meant to have cooler heads prevail", he said. "They have no jurisdiction and no authority to try and limit what goes in a pipeline, that is a federal jurisdiction, so they need to quit holding Alberta hostage and quit holding Canadians hostage", said Bilous. Read More »