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Trump, Congress and 100 days: Lofty goals hit reality

Members of Congress left Washington on Friday without voting on the GOP's revised health care bill. The White House had pushed to revive the House GOP's health care bill in time for a vote that could have given Trump bragging rights. Despite his frequent boasts as a deal-maker, Trump has hit walls on almost all of his major agenda items in his first 100 days in office, including a pledge to repeal and replace Obamacare.

Business

Macron favourite for presidency in run-off with Marine Le Pen

Jean-Marie Le Pen, father of Marine and founder of the National Front, has not commented on the result. It appears France's Socialists, Left and centre-right are backing Mr Macron in the hope that he would stave off a lurch to the extreme right.

Business

Klitschko foresees win over Joshua

Mike Tyson fought until he was 38 years old, so he understands just how risky it'll be for Wladimir Klitschko to fight Anthony Joshua on Saturday in London. I've never seen my brother so focused like this. I think I'm very capable of hitting someone continuously until they break down. Joshua will make a third defence of his International Boxing Federation (IBF) world heavyweight title, with the vacant World Boxing Association (WBA) belt also on the line.

Business

United Airlines chief executive will testify before Congress

The airline said it would create a new check-in process that would allow passengers to volunteer to give up their seats for compensation, and increased the limit of that compensation to $10,000 from $1,350. "So passenger service is an industrywide issue, and here United has laid the groundwork for the other airlines on what needs to be done". Munoz initially blamed Dao, but later said he was horrified by the event and called it a failure on United's part.

Business

Trump to spend Day 100 in office talking tough on trade

President Trump is due to sign a new executive order to this effect as soon as Saturday, according to the White House. The more significant of the two orders would give the Commerce Department and the U.S. Despite the many WTO-related problems, Ross acknowledged it is necessary to have an arbiter for trade disputes and the question of whether the United States would withdraw from the WTO was not yet ripe for consideration since the review has yet to take place.

Business

Zidane says people should stop Le Pen in French election

Far-right candidate Marine Le Pen announced Saturday she would name a eurosceptic from outside her National Front party as prime minister if she wins France's presidency in the May 7 run-off. "The choice of the French people is a choice for France but also for the European Union". French presidential candidate Marine Le Pen's far-right party is in new turmoil - its temporary leader is stepping down over allegations he expressed doubt about Nazi gas chambers.

Business

Indian tycoon Vijay Mallya arrested in London over billion-dollar debt

Mallya was arrested on Tuesdaty in London by Scotland Yard on India's request for his extradition on fraud charges. The 61-year-old, a former MP in India, entered the United Kingdom on a valid passport in March 2016. Bail is then granted, as was done in Mallya's case on Tuesday, the same day. The Ministry of External Affairs confirmed that India had handed over a request for the extradition of Vijay Mallya to the British High Commission, saying it had a legitimate case against him on ...

Business

Eurozone Inflation Jumps, but is it just Timing Distortions?

Euro zone bond yields rose, with the yield on 10-year benchmark German government bonds hitting a session high of 0.361 percent, and the euro strengthened against the dollar, up 0.19 percent to $1.0893. The economy expanded by 0.8% quarter-on-quarter and 3% year-on-year in the January-to- March period, outpacing expectations. Political risk remains the key driver of Euro sentiment.

Business

India to be voluntary tax compliant society: FM

The formula under which it is to be done has also been explained. "Profit is not a bad word. but unfair enrichment is. Therefor the consumers are entitled to the benefits of a reduced tax rate and that's a not principle which can be seriously contested".

Business

United Airlines reaches settlement with passenger who was dragged off plane

Airport police officers who work for the city pulled Dao off the jet. "For this acceptance of corporate accountability, United is to be applauded", Demetrio said. The U.S. Department of Transportation requires airlines to offer a maximum compensation of $1,350; the investigation into Flight 3411 found that airline staff only offered $800 and the cost of meals and hotels for compensation.

Business

This isn't tax policy; it's a Trump-led heist

The downside to a BAT is that the tax would simply be passed on to consumers at the retail level, meaning that Americans would pay more at the check-out stand. It's beginning to look a lot like Christmas, but don't spend your shiny new Trump tax cut just yet. By the CRFB's estimates , President Trump's tax plan - which is still very light on details and hard to forecast with any accuracy - would cost about $5.5 trillion over a decade.

Business

BC leaders square off in TV debate

In one of several back-and-forths with John Horgan , Weaver found himself asking if Horgan said Christy Clark's BC Liberals would win the election. companies working at full force. "I don't think that the Clark government has really crossed the line and lost legitimacy in the way the Socreds did and the NDP did", he said.

Business

Amit Shah reaches Jammu on two day JK visit

BJP national President Amit Shah being welcomed as he arrived for the two-day visit to Jammu on Saturday. Shah said the BJP wanted a government in the state which would provide employment, check cross-border infiltration and build a "sonar Bangla".

Business

Don't politicise triple talaq, Modi urges Muslims

Prime Minister Narendra Modi on Saturday called upon reformers within the Muslim community to put an end to the pain suffered by some women because of the practice of triple talaq. However, the board later said that there is no need to abolish the practice of triple talaq and the board will spread awareness and start a discussion on the issue of triple talaq across thousands of mosques in the country to prevent controversial Islamic divorce practice.

Business

Coca-Cola: Philadelphia's tax on sweetened drinks is hurting

Coca-Cola European Partners plc (NYSE:CCE) last posted its quarterly earnings data on Tuesday, March 21st. In an overview of the current analyst recommendations, Buy count is 3 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 1 and 0, respectively.

Business

Alphabet sales surge despite YouTube controversy

But Google's results showed that controversy was little more than a speed bump for the company as quarterly profit climbed 29 per cent. The two behemoths represented 99% of the growth in the industry for digital advertising during 2016. They expected the company to deliver earnings of $7.39 per share on $24.22 billion based data compiled by Thomson Reuters. CFO Ruth Porat notes a "benefit from our ongoing investments in product innovation and have great momentum in our new businesses ...

Business

Treasury Secretary gets pressed on Trump's own returns

While the proposed tax cuts would please those helped by them, such as multinational corporations and wealthy taxpayers, Trump's package fell far short of the kind of comprehensive tax reform that both parties in Washington have sought for years.

Business

Mondi Plc Announces Dividend of €0.38 (MNDI)

The stock of Novae Group Plc (LON:NVA) has "Buy" rating given on Wednesday, August 3 by Canaccord Genuity. Weir Group (LON:WEIR) yesterday was the subject of a new research report issued by Numis Securities in which it was reiterated as "Hold" by analysts at the firm.

Business

Federal Appeals Court Sides With District Court, Blocks Anthem-Cigna Merger

In a call earlier this week with analysts, Anthem Chief Executive Joseph R. Swedish said that how the DE court evaluated the situation would depend on the outcome in the antitrust appeal, and the company would "have to judge our go-forward position based on the decision of the appeals court".

Business

Relief for YS Jagan Mohan Reddy as court refuses to cancel bail

Earlier, an interview of prime prosecution witness P Ramakanth Reddy, retired IAS officer and former chief secretary during YS Rajasekhara Reddy government, in Sakshi TV channel was heard by the court during the case hearing. He is accused of putting pressure on various individuals and firms to invest several crores in his businesses as a "quid pro quo" for favours bestowed on them during the tenure of his father YS Rajasekhar Reddy, who was Andhra Pradesh Chief Minister from 2004 to 2009.

Business

Sundar Pichai's Compensation Doubles From Last Year To US $200 Million

She described the results as "excellent" and claimed that the company had "great momentum in our new businesses across Alphabet ". The business, home to the Waymo self-driving auto, Google Fiber and thermostat-maker Nest, posted a first-quarter loss of $855 million.

Business

Samsung Enjoys 46 Percent Profit Spike Thanks To Surging Semiconductor Chip Sales

Most of the recalled Samsung Galaxy Note 7s were returned but the company had not decided what to do with them. Samsung's total semiconductor sales of 15.7 trillion won (about $13.9 billion) were up 40 percent year-over-year and 5 percent sequentially, the company said .

Business

Growth During First Quarter in U.S. Weakest in 36 Months

Government spending dropped at a 1.7 percent rate as defense outlays declined by 4 percent, the biggest drop since the fourth quarter of 2014. The Trump administration's first economic report card publishes Friday. For the first quarter, trade was actually a small positive after a major drag in the fourth quarter. A year ago the USA economy grew 1.6 percent, it's worst performance since 2011.

Business

Stephen Colbert Picks Apart GOP Plans For 'Zombie Trumpcare'

Donald Trump has officially been president for 100 days, and the late night hosts (we care about) all made a decision to mark the occasion by toasting to all his accomplishments thus far. "Maybe the president hasn't gotten a lot done in his first 100 days, but you know who has?" "Does he think he won the popular vote the first time? ", laughed Meyers.

Business

Televised leaders debate considered 'most important event' in BC election campaign

He also sits on the boards of the Vancouver Public Library and SUCCESS, and is very active in the Chinese community including a role as chair of the Chinese Cultural Centre of Greater Vancouver. Clark did her best to look strong, determined and in charge as she vowed to defend B.C. from Donald Trump. However, Werner Antweiler, an associate professor who teaches worldwide trade at the University of British Columbia's Sauder School of Business, said Clark's actions would violate North American ...

Business

USA softwood tariffs prompt NDP claim of "inaction" against Christy Clark

Then the NDP confirmed that its two senior election staffers, campaign director Bob Dewar and deputy director Glen Sanford, are contract employees of the United Steelworkers, hired and assigned to run the campaign. This morning, the Vancouver Sun is reporting that B.C. NDP Leader John Horgan won last night's televised leaders' debates, but only by a small margin.

Business

United States growth hits 3-year low in Trump's 1st quarter

Nominal spending grew at a 4.5 percent rate, somewhat faster than the 3.0 percent rate of nominal GDP growth in the quarter. They are forecasting growth this year around 2.2 percent. The median forecast in the Bloomberg survey called for 0.9 percent, and purchases added 0.23 percentage point to first-quarter growth. Even so, the weakness at vehicle dealers could weigh on expansion, and further gains in business investment could depend on the extent of policy support such as tax cuts.

Business

Google Cloud, Google Sales, Made For Strong Alphabet Q1

Revenue from its Google Other unit, which includes Pixel smartphone, Play Store and cloud business, rose 49.4 percent to $3.10 billion. In the first quarter, Google's "other revenues" hit $3.1 billion in revenue , up from around $2.1 billion in the same quarter a year earlier .

Business

Amazon Delivers Blowout Q1 Earnings, Stock Soars After Hours

Amazon continued to report massive losses from its worldwide business through a year ago. After markets closed Thursday, Amazon reported $35.7 billion in revenue and earnings of $1.48 a share for the three months ended December 31, compared with the $29.1 billion in revenue - a 23 percent bump, year-over-year - and earnings of $1.07 a share the company reported in the corresponding period last year.

Business

President Trump, Sen. Strange address NRA in Atlanta

During his campaign, he promised to do away with President Barack Hussein Obama's efforts to strengthen background checks and to eliminate gun-free zones at schools and military bases. The NRA was one of the first special interest groups to throw its support behind Trump during last year's election campaign. It is well documented that when gun owners feel their 2nd Amendment rights are threatened, gun sales skyrocket.

Business

Alphabet paid Google CEO Sundar Pichai $200M in 2016

According to Alphabet's CFO, Ruth Porat, the positive numbers can be attributed to "ongoing investments in product innovation" which have translated into "great momentum in our new businesses across Alphabet". Advertisers that froze spending on YouTube and Google ad networks included including AT&T, Verizon, Dish Network, Starbucks and JP Morgan Chase. Pichai said both devices were "well received" by consumers, but didn't comment further.

Business

United States oil inventories rise; oil prices slip further

Libya's Sharara oil field, with a production capacity of nearly 300,000 barrels per day (bpd), has restarted after the end of protests by an armed group that had blocked pipelines there, a Libyan oil source and local official said on Thursday.

Business

GM quarterly profit jumps on strong US truck, crossover sales

The results demonstrate that GM will "continue to strengthen the core business, generate the best possible return for our owners and then continue to execute with a huge sense of urgency on the transformative technologies that are really going to allow us to have a leadership position", Chief Executive Officer Mary Barra told analysts on a conference call.

Business

Not Terminating NAFTA, for Now: President Trump

Trump said if he had made a decision to sign an order within days announcing an intent to withdraw from NAFTA, it would have represented a "pretty big, you know, shock to the system". "It shows that I do have a very big farmer base, which is good", Trump recalled. "They should reasonably be able to expect that others are also going to play by the rules", said Tom Vilsack, president and CEO of USDEC.

Business

YouTube ad boycott could spell trouble for Alphabet's Google

The company reported revenue of $24.7 billion-its second largest quarter ever-a 22% increase over last year's first quarter. Google's ad revenue, which accounts for the lion's share of its business, rose 18.8 percent to $21.41 billion in the first quarter.


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