'Substantial cost' to United Kingdom economy in no-deal Brexit, warns International Monetary Fund

Asked in an interview for Panorama, asked why she thought Brexit would be good for Britain, she replied: "It gives the United Kingdom opportunities as an independent and sovereign state to build a better future for all our people". "We are straining at the gnat of the Irish border problem - in fact we haven't even tried to chew the gnat - and we ...

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  • 9/11 anniversary gives perspective to NAFTA impasse, Freeland says
9/11 anniversary gives perspective to NAFTA impasse, Freeland says

Canada expanded foreign access to its dairy sector in trade deals with the European Union and with 10 Pacific Rim countries. A study commissioned by the Canadian Embassy says 9 million jobs "spread across every congressional district" are supported by the Canada-U.S.

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  • Customer Data Stolen From British Airways Website, App
Customer Data Stolen From British Airways Website, App

BA customer Daniel Willis, 34, who booked a flight on Monday with the airline, said he had not been contacted by the airline despite being affected by the data breach. " I cancelled my card as soon as I heard about the breach". The British Airways breach could potentially be the first major test for the European Union's General Data Protection ...

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  • Mercedes-Benz EQC 400 joins the all-electric car bandwagon
Mercedes-Benz EQC 400 joins the all-electric car bandwagon

Daimler doesn't plan to establish a dedicated electric assembly plant and will instead build the vehicles at the same sites as conventional automobiles to be able to better adjust output, Zetsche said, adding that he expects demand to mainly eat into sales of combustion cars rather than lure new customers.

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  • Friends prank McDonalds with poster kept up for 51 days
Friends prank McDonalds with poster kept up for 51 days

Remember, folks: all races deserve recognition. Jevh says he was anxious his parents would be cross but they were so amused they visited the restaurant and posed for photos with it. "Left, left, left, left, left, left left", he said. "Cassandra, up. There. Perfect". In the video, the friends showed how they pulled off the stunt .

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  • Amazon hits $1 trillion market value milestone
Amazon hits $1 trillion market value milestone

Apple took nearly 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years. Amazon.com founder and CEO Jeff Bezos. Amazon's stock rose 1.7 per cent overnight, putting its market value at just over $US1 trillion ($A1.4 trillion). The 54-year-old is now worth more than $166 billion, according to ...

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  • Fuel prices, barring one, to remain unchanged
Fuel prices, barring one, to remain unchanged

Since August 16, petrol prices have risen by over Rs 2 per litre. On the other hand, the diesel is priced at Rs 74.41 per litre in Chennai and Rs 73.27 per litre in Kolkata. There is a pressure on oil prices due to decrease in production. "This is a once off temporary intervention to provide some relief to motorists and consumers against fuel pri...

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  • Canada officials aim to reach NAFTA deal next week
Canada officials aim to reach NAFTA deal next week

Tense trade talks between the USA and Canada broke off Friday, missing a deadline set by the Trump administration to agree to an overhaul of North American Free Trade Agreement. A report from the Toronto Star focuses on comments Trump made about refusing to make any compromises with Canadian officials. Trump said in a Bloomberg inte...

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  • Cave diver prepares to sue Elon Musk over 'pedo' claim
Cave diver prepares to sue Elon Musk over 'pedo' claim

In another extraordinary tweet , replying to another Twitter user, he said: "You don't think it's odd Unsworth hasn't sued me?" "I am in the process of preparing a civil complaint for libel against you". And then there was the now-infamous New York Times interview in which Musk emotionally detailed the "excruciating" personal toll that had bee...

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  • Iran Takes Its US Gripes to UN's Highest Court
Iran Takes Its US Gripes to UN's Highest Court

Meanwhile, Trump vowed in a tweet earlier this month to keep the sanctions in tact and escalate them later this year. Further U.S. sanctions are due to go into effect in November specifically targeting Iran's banking sector and oil industry, which drives growth in the Iranian economy.

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  • Putin: Russia must strengthen its military infrastructure due to North Atlantic Treaty Organisation
Putin: Russia must strengthen its military infrastructure due to North Atlantic Treaty Organisation

Under Secretary of Treasury Sigal Mandelker said Tuesday that Washington will impose "much more economic pain" to Russian Federation if it does not change its global behaviors significantly. "Russia is the optimal supplier to the European economy". "We will not hesitate to do so if its conduct does not demonstrably and significantly change".

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  • PepsiCo buys SodaStream to reach consumers 'beyond the bottle'
PepsiCo buys SodaStream to reach consumers 'beyond the bottle'

He adds: "SodaStream is highly complementary and incremental to our business, adding to our growing water portfolio, while catalysing our ability to offer personalised in-home beverage solutions around the world". The deal announced on Monday may be the last for PepsiCo Chief Executive Indra Nooyi , who will hand over to Ramon Laguarta later this ...

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  • Tesla Just Lost $8 Billion In Shareholder Value This Past Week
Tesla Just Lost $8 Billion In Shareholder Value This Past Week

Tesla investors tapped the breaks on Friday morning, pushing shares of the electric vehicle maker down 8 percent after unsettling comments by founder Elon Musk were reported . "Musk's uncontrolled utterances put himself and the board into potential jeopardy and likely mean ugly times ahead for company investors." Tesla Inc.

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  • Erdogan, Macron vow to foster trade ties: Turkish presidency
Erdogan, Macron vow to foster trade ties: Turkish presidency

The lira has lost almost 40 per cent of its value against the dollar this year as investors fret about President Tayyip Erdogan's influence over monetary policy. "They should have given him back a long time ago", the president said. Moody's likewise cited the weakening lira and downgraded Turkey's debt to Ba3, as well as "heightened concerns"...

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  • Turkey reportedly ready to free pastor Andrew Brunson, as Trump demanded
Turkey reportedly ready to free pastor Andrew Brunson, as Trump demanded

It hit an all-time low of 7.2 lira to the dollar earlier in the week. US Treasury Secretary Steven Mnuchin said on Thursday that the United States was ready to place further economic sanctions on Turkey if detained American pastor Andrew Brunson is not released.

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  • China Complains to WTO Over US Trade Tariffs
China Complains to WTO Over US Trade Tariffs

The U.S. president has recently threatened more tariffs on Canada's auto industry. US President Donald Trump approved steep tariffs on solar panel imports in January to protect US producers, triggering an outcry from China, South Korea and even protests from the US solar industry.

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  • U.S. says ready with more sanctions if Turkey does not free pastor
U.S. says ready with more sanctions if Turkey does not free pastor

Trump tweeted on August 10 that he has authorized a doubling of tariffs on Turkish steel and aluminum imports as their currency Lira slides rapidly downward against the United States dollar. Turkey slapped another round of steep tariffs on USA goods as the two countries escalate their trade battle and push the relationship to a breaking point.

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  • US cannot see who its true friend is: Turkish FM
US cannot see who its true friend is: Turkish FM

Robust U.S. economic data this year, even as Europe and other major economies have lost some steam, has helped keep the U.S. Federal Reserve on track to raise interest rates twice more this year, which should boost the appeal of the dollar further.

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  • China-US to resume trade talks after tit-for-tat tariff battle
China-US to resume trade talks after tit-for-tat tariff battle

News of the upcoming talks helped Chinese stocks stem losses. Vice Commerce Minister Wang Shouwen, the deputy representative on global trade negotiations, will meet with a senior USA treasury official, David Malpass, at the invitation of the United States, the ministry said in a statement .

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  • Crude futures settle lower as market seeks direction
Crude futures settle lower as market seeks direction

Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead. Fear of a fallout contagion are overshadowing reports and the ability of shale oil process to produce profitably, as well all reports that Iran fired off an anti-...

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