Trump threatens to raise tariffs on Chinese goods to 30% amid escalating trade war

Washington (CNN)President Donald Trump on Friday counterpunched against retaliatory tariffs announced by Beijing earlier in the day, pledging to hike the rates importers must pay on Chinese-made goods even higher. “We’re having a little spat with China and we’ll win it,” Trump told reporters Friday night before departing for the annual G7 summit in Paris. “We put a lot of tariffs on China today, as you know. They put some on us, we put a lot on them.” “We’re up …

The new mobile phone scam delivering a problem

Tricking you The scam involves crooks ordering and then attempting to intercept – or trick you into handing over – high-value packages. It usually happens when criminals somehow manage to get hold of your personal details to place the order. It can be one consequence of identity theft, for instance. ‘My mother lost £14,000 in a direct debit fraud’ Scam victims to be refunded by banks Number spoofing crackdown to prevent fraud If the crooks fail to intercept the delivery …

David Koch, Billionaire Conservative Financier And Industrialist, Dies

CBS confirmed his death. He was 79 years old.  left the board of Americans for Prosperity last year, citing health reasons. opposition to President Barack Obama. Carlo Allegri/Reuters David Koch in New York City on May 5, 2014. David Koch was one of four sons born to Mary Koch and oil industry tycoon Fred Koch in Wichita, Kansas. The four brothers ― Frederick, Charles, and twins David and Bill ― inherited control of Wood River Oil and Refining Company, their father’s …

Saudi Aramco’s profit drops 12%. It’s still making more money than any other company

London (CNN Business)Saudi Aramco said Monday that its profit dropped 12% in the first half of its financial year to $46.9 billion due to weaker global oil prices. An IPO that was planned for 2018 never materialized. A lack of transparency over the size of the country’s energy reserves had caused skepticism about the potential sale and the value of Aramco. But plans for a public listing as early as next year are now being accelerated following positive investor reaction …

Student side-hustles to help pay for university

Dana is typical of a host of students who are making money from self-employment or part-time jobs which are moving beyond stereotypical bar work. Student loans: Would the proposed changes help poorer students? Getting through uni without the bank of mum and dad Drag queen or delivery driver: What’s your ‘side hustle’? As a result, nearly four in five worried about making ends meet, while 57% said they suffered poor mental health because of money worries – up 11% from …

Confused investors keep buying FORD, thinking it’s Ford

New York (CNN Business)Just about every time Ford Motor makes big news, some investors mistakenly buy shares of Forward Industries, a tiny maker of carrying cases for medical monitoring systems and other electronic devices. “Most investors don’t reverse the incorrect trade until a week or more,” said Andrei Nikiforov, assistant professor of finance at Rutgers University-Camden. “That’s how long it takes for the stock price to return to normal, probably once investors realize they made a mistake.” Nifkorov wrote a …

How bad is the trade war? This week will provide some clues

London (CNN Business)1. State of play: The trade fight between the United States and China is getting worse. This week, investors could get a reality check on what that means for economies and companies. “Looking ahead, the outlook for German exporters is clearly in the hands of the United States and China,” said Carsten Brzeski, ING’s chief economist in Germany. Industrial production and GDP growth for the eurozone will be published Wednesday. Big name corporate earnings could also shed light …

Scots firms turn to temporary staff to fill posts

However, he said it was just one month’s data and “does not suggest the start of a trend”. Mr Stamenkovic said it showed how flexible the labour market was. He said: “When times turn a little bit more difficult for companies they can cut costs by moving from permanent to temporary workers and if demand starts to fall sharply then they have the ability to lay off workers and cut costs more significantly.” The economist said the move to temporary …

UK house prices and sales ‘losing momentum’

Britain’s fastest moving property market revealed Letting fees ban: Renters confused after change in law Rics said 69% of property professionals said sale prices were lower than asking prices for homes marketed at more than £1m, although asking prices for homes priced at £500,000 or less appeared to be holding up more firmly. House prices continued to fall in London – where a higher proportion of £1m homes are sold, the South East of England, and East Anglia. Overall across …

‘I was charged illegal fees by my letting agent’

Skip Twitter post by @lewisrids3 Just got my new rent agreement, for new tenants they’re wanting a month’s rent in advance PLUS: • £250 deposit• £150 admin fee• £30 referencing check• £70 renewal fee if you do so• £25 late rent payment letter fee What chance have people on minimum wage got? Sickening. — Lewis (@lewisrids3) June 13, 2019 Image copyright Lewis Ridley Image caption A screenshot of the email Lewis received Landlords or agents found charging the fees can …