30 April 2017
Updated 18:30
Foreign trade

US misunderstands NAFTA, North American business body says

The US government doesn't have a clear idea of what NAFTA covers, a business body representing several big North American multinationals said on Tuesday after Washington picked a trade fight with Canada.

Trump picks trade fight with Canada

Trade tensions spiked between Washington and Ottawa on Tuesday as President Donald Trump accused Canada of being «very rough» on America and threatened to retaliate against restrictions on US dairy products.

Airplane transport

Dragged United passenger «aggressive», officers say

Newly released reports from security officers at Chicago's O'Hare International Airport paint an unflattering picture of the man dragged from a United...

Qatar Airways chief accuses US carriers of «bullying»

The chief of Qatar Airways on Monday accused American carriers complaining over alleged subsidies to Gulf airlines of "bullying", as he announced new US routes in defiance of mounting airport restrictions.

Bank

The entire Wells Fargo board of directors was reelected after a bruising, rowdy annual meeting where shareholders castigated the bank's leadership over a fake accounts scandal

Investors keep Wells Fargo board at contentious meeting

The entire Wells Fargo board of directors was reelected Tuesday after a bruising, rowdy annual meeting where shareholders castigated the bank's leadership over a fake accounts scandal that severely damaged the company's image.

With execs in hot seat, Wells Fargo gets OK for bankruptcy plan

Retail banking giant Wells Fargo has fixed problems in its 2015 bankruptcy plan and will now be allowed to open new international branches, US banking regulators said Monday.

Job security

Qatar World Cup workers get nutrition health checks

As many as 1,000 Qatar World Cup construction workers are receiving health checks as part of a pilot programme agreed between the 2022 tournament organisers and Weill Cornell Medicine.

US Economy

Despite consistently solid employment data, consumers' assessment of the labor market was moderately less favorable in April 2017

US consumer confidence declines in April as optimism wanes

US consumer confidence retreated in April after two months of records, as optimism about the economy dwindled, the Conference Board reported Tuesday.

Upward mobility has fallen sharply in US

In a sign of the fading American Dream, 92 percent of children born in 1940 earned more than their parents, but only half of those born in 1984 can say the same, researchers said Monday.

US Economy

US new home sales see fastest pace in 8 months

Sales of new homes in the United States forged higher for the third straight month in March, hitting the fastest pace since July, the Commerce Department reported Tuesday.

News media

Wikipedia founder tackles fake news with Wikitribune

Wikipedia founder Jimmy Wales is launching a project aimed at reshaping the news media -- and tackling the scourge of misinformation -- using the same collaborative principles as the revolutionary online encyclopedia.

US Economy

Coca-Cola to cut 1,200 jobs as earnings fall

Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday.

Key US jobless benefits level hits 17-year low

New claims for US jobless benefits rose slightly in mid-April but the total number of people seeking unemployment insurance hit a 17-year low, the Labor Department reported Thursday.

US Economy

Caterpillar quarterly sales up for 1st time in 2-1/2 years

Caterpillar reported its first jump in quarterly sales in two-and-a-half years Tuesday and said it was heartened by increased customer inquiries in prospective equipment purchases in key sectors.

Automotive

US Supreme Court blocks GM appeal on defective ignitions

The US Supreme Court on Monday turned away an appeal by auto giant General Motors of potentially billions of dollars in consumer claims over faulty ignition switches.

US judge orders VW to pay $2.8 bln criminal penalty

A US judge on Friday sentenced Volkswagen to pay a $2.8 billion criminal penalty in the diesel emissions cheating scandal, in line with a deal struck between the automaker and the US government.

Shanghai's auto show 2017

Imitation Game: China carmakers ape foreign brands at Shanghai show

If imitation is the sincerest form of flattery, then global carmakers are basking in the compliments at Shanghai's auto show, where some Chinese-made models bear striking resemblances to famous foreign brands.

Automakers see promise in China car-sharing

Unable to afford a car, Shanghai university student Long Yi faces a lengthy, expensive commute across his vast city but has found a solution in the car-sharing schemes quickly gaining momentum in China.

«Direct implications for cases»

Chevron faces big Australia tax bill after court loss

Chevron on Friday lost its appeal in a major Australian court battle over Aus$340 million (US$256 million) in tax and penalties in a case with possible global implications for multinationals looking to cut their obligations.

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Bitter rift rocks AOC as Coates fights for job

Powerful Australian Olympic Committee head John Coates is facing a bitter campaign to oust him after 27 years, with his media chief stepping down Wednesday amid bullying claims rocking the organisation.

US misunderstands NAFTA, North American business body says

The US government doesn't have a clear idea of what NAFTA covers, a business body representing several big North American multinationals said on Tuesday after Washington picked a trade fight with Canada.

Baby whales «whisper» to mothers to avoid predators

Newborn humpback whales and their mothers whisper to each other to escape potential predators, scientists reported Wednesday, revealing the existence of a previously unknown survival technique.

US judge blocks Trump order on sanctuary cities

A US judge on Tuesday blocked an executive order by President Donald Trump that could deny billions of dollars to so-called sanctuary cities as punishment for harboring illegal immigrants.