China trade surplus with US hits record $29bn high | Business

China’s trade surplus with the US widened to a record in June, risking further escalation of a a bitter trade dispute with Washington. The difference between China’s exports to the US and its imports from the world’s largest economy expanded to a monthly high of $29bn (£22bn), up from $24.6bn in May. China’s exports to the US jumped by 13.6% in the first half of 2018 from a year earlier, while its imports from the US rose 11.8% in the

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Is ownership dead? Why you might be better off renting your next car

We British think of ourselves as a nation of homeowners, but the truth is that we are a nation of owners, full stop. Owning, rather than renting, gives a sense of security that appeals to the British psyche, and this is as true of cars as it is of houses. But could that be about to change? As the population is forced towards renting a home rather than buying it, could the same shift be happening into car ownership? Normally,

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Life as you know it is IPOver

DEAR chief executive. First, congratulations. You have decided to float your firm’s shares on the stockmarket. After years of toil behind the scenes, it’s time for the big stage. You probably feel pretty good right now, especially after those insightful bankers from Goldman Sachs said that your firm is one of the most impressive that they have ever seen in their careers and that they are generously going to give you a discount on their normal fee and charge you

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When Do Consumer Boycotts Work? – Room for Debate

Social Media Boycotts Succeed When They Reflect a Movement Americus Reed 3:20 AM Boy, oh boycotts! Do they work? Trick question. It all depends on what you mean by “work.” If the aim is to hurt company sales, boycotts rarely succeed. But if the aim is to undermine companies that stand in the way of a movement, there is a greater chance that a boycott may tarnish a brand. To get a boycott off the ground, awareness and consideration of

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US agency urges automakers to speed up Takata recalls

The U.S. government’s road safety agency is urging automakers to speed up replacement of potentially dangerous Takata air bag inflators. The National Highway Traffic Safety Administration said in a statement Friday that Heidi King, it’s top official, has met with 19 affected companies urging them to accelerate the recalls and to post recall plans on their websites. The statement didn’t say if automakers agreed to the request and NHTSA did not immediately answer messages left Friday. Automakers missed a Dec.

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When does it start and how can you find the best deals?

The first Prime Day took place on July 15 2015, the anniversary of the founding of the company by chief executive Jeff Bezos.  What is Amazon Prime Day?  Prime Day is a flash sales event held by American online retail giants Amazon. To participate, users must be signed up to Amazon Prime, the £79-a-year subscription service that gives users access to free, unlimited one-day delivery on many items, as well as Amazon Prime Video, Prime Music, Prime Reading and early

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Mini-grids could be a boon to poor people in Africa and Asia

A FORESTED village in Jharkhand state, eastern India, Narotoli is home mainly to adherents of Sarna, a nature-worshipping tribal religion. In more ways than one, it has long been off-grid. Drive past a police checkpoint a few miles away and you are in territory loyal to “the guys”, a euphemism for Maoist guerrillas. That makes Narotoli more marginalised than most places. A few months ago it became one of the last in India to benefit from a push by Narendra

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Colombian players say they were kicked off bus for speaking Spanish

Madeline Mitchell and Randy Tucker Cincinnati Enquirer Published 2:52 p.m. UTC Jul 14, 2018 CINCINNATI — A handful of Ultimate Frisbee players from Colombia were tossed from their Greyhound bus on their way to a tournament in the Cincinnati area.  They told an Australian Frisbee player staying with them at the Cincinnati Marriott in Mason, Ohio, that they were thrown off the bus for speaking Spanish. Greyhound officials said they were tossed for being unruly, though the company did not offer any specifics. “We

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U.S. lifts ban on suppliers selling to China’s ZTE

(Reuters) – The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. The settlement also included a $1 billion

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Spying Doesn’t Pay — Unless You’re Really Good At It

Earlier this month, the Justice Department announced the arrest of Ron Hansen, a former Defense Intelligence Agency officer. Hansen is accused of receiving at least $800,000 from Chinese sources in exchange for information he learned from “military and intelligence conferences in the U.S.” and for sensitive technology that the U.S. government had banned from being shared with China. Hansen is the fourth former intelligence officer — along with Jerry Chun Shing Lee, Joshua Schulte and Kevin Mallory — arrested for

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