Thursday, 3 October 2019

Brexit raises stakes for Britain in aircraft trade war

Brexit raises stakes for Britain in aircraft trade war

U.S. tariffs on European goods have plunged Britain into a trade war between the European Union and United States just as it plans to leave the 28-nation bloc, infuriating Scotch whisky makers and handing it a dilemma over thousands of Airbus jobs.

Fighting GM puts a financial squeeze on striking union workers

While striking workers at General Motors Co's U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the financial pressure has mounted for union members like Frank Lee.

Oil ends little changed after touching near two-month lows

U.S. crude futures were slightly lower on Thursday, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.

Trump hails 'nice victory' on trade as EU whisky, wine makers left reeling

President Donald Trump hailed a "nice victory" on Thursday after the United States got the green light to place tariffs on European Union goods in a row over EU aircraft subsidies.

Cheesed off European dairy producers dismayed at U.S. tariffs

European cheese makers complained on Thursday of being held "hostage" in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus.

WeWork seen as startup lesson in what not to do in Silicon Valley

The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups - in what not to do.

Wall Street gains as dour services data raises rate-cut expectations

Wall Street climbed on Thursday after data showing services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.

U.S. seeks advertising, sales data on e-cigarette companies

The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe into their marketing practices.

U.S. recession risks up as services growth hits three-year low

U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, suggesting that trade tensions were spilling over to the broader economy.

U.S. duties on French wine are bad news for all, exporters say

The U.S. decision to impose tariffs on French wines will penalize American consumers who will see a sharp rise in prices while severely hurting French producers on their largest export market, exporters said on Thursday.

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