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DONALD Trump has turned his populist rhetoric to tax reform, calling for “pro-American” business tax cuts as a way to create jobs.
DONALD Trump has turned his populist rhetoric to tax reform, calling for “pro-American” business tax cuts as a way to create jobs.
CABCHARGE has posted a $91 million full-year loss as it resets its operation in the face of growing competition from ride sharing giant Uber.
THE oldest white supremacist site on the internet has been shut down after a complaints that it promoted hatred, racism and violence.
FORMER GE boss Jeffrey Immelt has taken himself out of the running to lead Uber as the company seeks to overcome its ethical scandals.
SALES growth at David Jones has slowed amid a decline in consumer spending and due to a poorly received private label clothing range.
WALMART is diving into voice-activated shopping with Google to offer hundreds of thousands of items through Google Assistant
AUSTRALIA’S biggest dairy processor, Murray Goulburn, has posted full-year loss of $371 million amid plummeting milk supplies.
CHINA has expressed “strong dissatisfaction” with the US launch of an investigation into China’s alleged theft of US intellectual property.
BEVERAGE giant Coca-Cola Amatil says it will recover costs of NSW’s new container deposit scheme from customers by raising prices.
TELSTRA shares have plunged to a five-year low after the telco cut future dividends to build up a war chest to protect its massive market.
AFTER an embarrassing exodus of business leaders, US President Donald Trump has been forced to disband two of his key advisory groups
THE central bank is losing confidence that Australia’s hot property market is cooling enough, particularly in Melbourne and Sydney.
DONALD Trump has lashed out at the CEO of the nation’s third-largest drug maker after he resigned from a federal advisory council.
AMAZON is exploring a technology first developed for the US military to produce tasty prepared meals that do not need refrigeration.
MOTORISTS could end up paying more for fuel if BP’s proposed $1.8 billion takeover of Woolworths petrol stations goes ahead.
CONSUMER sentiment has fallen for the seventh consecutive month, marking the weakest succession of reads since 2008.
AUSTRALIA’S first trial of driverless vehicles on a toll road in real traffic conditions is set to start this month in Melbourne.
AL JAZEERA has vowed to take legal action after the Israeli government’s decision to close the TV network’s bureau in Jerusalem.
JAPANESE carmakers Toyota and Mazda plan to spend $2 billion to build a joint-venture manufacturing plant in the US.
HOME and car insurance premiums are expected to rise by up to five per cent next year because the cost of repairs are higher.
DISCOUNT supermarket chain Aldi is opening up its pantry to Channel Seven for the first season of Hell’s Kitchen.
AUSTRALIAN banks have agreed to stop selling on-the-spot add-on insurance — “junk insurance” — to customers applying for credit cards.
THE tiny European nation of Slovenia is undergoing a tourism boom partly because it’s the native country of US first lady Melania Trump.
TESLA has set the stage for the biggest test of the company’s strategy to become a profitable, mass market electric car maker.
EMBATTLED retailer Surfstitch is looking at selling assets as costs mount from several legal proceedings and an investigation by ASIC.
IRAN will reciprocate if the US imposes new sanctions on it, President Hassan Rouhani says, casting doubt over the outlook for the 2015 nuclear accord.
RETAIL Food Group will expand its Donut King franchise to Sweden as part of its plan to break into Europe.
SOME of the BBC’s top female journalists and TV presenters are demanding the broadcaster fix its wide gender pay gap immediately.
COMMERCIAL free-to-air networks are calling for the scrapping of children’s and preschool content quotas due to dwindling young audiences.
AMAZON is launching a new social network aimed at getting its hardcore users to spend even more money with the e-commerce giant.
MELBOURNE has overtaken Sydney as the country’s hottest housing market, with prices rising five per cent over the past month.
MORE than half of Australia’s Topshop and Topman stores have closed as administrators continue to restructure the clothing retailer.
SOME people are going hungry and suffering immense psychological stress as they try to pay their power bills.
SOME of the Crown Resorts employees imprisoned in China on gambling charges, including two Australians, have been released.
A FREE-SPEECH group has sued US President Donald Trump for blocking Twitter users from his @realDonaldTrump account.
HOUSE prices have risen in most of Australia’s major capital cities while auction clearance rates have increased in all but two.
SPENCER Johnson, whose book Who Moved My Cheese sold 25 million copies and became a business and self-help phenomenon, has died.
SUNCORP says it has finalised over half the claims lodged by its customers after Cyclone Debbie, and more than 1500 home repairs have been completed.
GERMANY has stepped up its campaign against organised crime by spending $7.5 million to buy the so-called Panama Papers.
WOOLWORTHS’ sales turnaround is likely to happen at a faster pace than the market expects, analysts at investment bank UBS say.
THE cooling of the housing market in China will weigh on the economy during the second half of the year, credit rating agency Fitch warns.
BRITAIN will withdraw from an agreement that allows some other European countries to fish off its coast as it “takes back control” of fishing policy.
HUNDREDS of striking Greek sanitation workers have ended a 10-day strike as steaming mountains of garbage piled up across the country.
FACEBOOK is deleting about 66,000 posts a week as the social media giant cracks down on what it considers to be hate speech.
FISHING fleets dump about 10 per cent of the fish they catch back into the ocean in an “enormous waste” of low-value fish, scientists say.
BARNABY Joyce is telling European officials that Australia is not out to exploit Brexit or flood their markets with agricultural products.
THE banking lobby has slammed a surprise bank levy announced by the South Australian government, labelling it an “outrageous cash grab”.
YOWIE Group has again slashed its full-year revenue growth forecast despite exceeding expectations in its return to Australian supermarkets.
HOME prices across Australia’s capital cities have risen an average of 10.2 per cent in the year to March 2017, driven by Sydney’s strong property market.
PROPERTY prices have ticked slightly higher across most of Australia’s capital cities, although the auction clearance rate has stayed below 70 per cent.
THE grocery industry has been rocked by Amazon’s announcement that it will buy Whole Foods in a deal valued at about $18 billion.
CREDITORS of the embattled Ten Network will meet for the first time with administrators in Sydney within a fortnight as takeover rumblings continue.
THE communications union says Telstra workers were “ambushed” by the telco’s shock announcement that it will sack 1400 employees.
SPRINT has been fined $10,800 for allegedly tricking a consumer into believing it was an agent for Telstra and transferring them to its own service.
RAPPER and music producer Sean “Diddy” Combs has been named the world’s highest-paid entertainer, ousting pop singer Taylor Swift.
CYCLONE Debbie caused a sharper than expected fall in coal exports in April, which is likely to weigh on Australia’s economic growth.
UNITS in Murray Goulburn’s listed trust are at a fresh all-time low as investors continue to digest the dairy processor’s vaguely worded announcement.
BRITISH Foreign Secretary Boris Johnson sees no reason to cancel Donald Trump’s state visit to Britain for criticising London Mayor Sadiq Khan.
PRICE gains of Toronto homes slowed slightly in May in the wake of new housing rules aimed at cooling the market in Canada’s largest city.
THERESA May’s government says income tax would not rise for high earners in an apparent new promise to voters less than a week before the UK election.
US PRESIDENT Donald Trump has challenged Australia and other nations to come up with a better climate deal than the Paris accord.
SINGAPORE is now the world’s most digitally competitive country, according to an inaugural World Digital Competitiveness ranking.
GREECE denies a German newspaper report claiming it is considering opting out of receiving more bailout money if lenders can’t not agree on debt relief.
THERESA May says she’s ready to walk away from Brexit negotiations without a deal with the European Union if the agreement isn’t good enough.
GERMAN Chancellor Angela Merkel has urged European Union nations to stick together in the face of emerging policy divisions with the US.
PRESIDENT Donald Trump is asking Congress for $2.1 billion to begin building a wall along the border with Mexico.
DONALD Trump may “surprise” people when it comes to acting on climate change, says former vice president and environmental crusader Al Gore.
ISRAEL has expressed muted concern over a major arms deal between the United States and Saudi Arabia.
FOUR automakers have agreed to a $553 million settlement relating to nearly 16 million recalled vehicles with potentially defective Takata airbags.
THE Dow has notched its biggest fall since September 9 amid fears over Donald Trump’s alleged interference in an investigation.
FORD plans to cut 10 per cent of its salaried jobs in North America and Asia Pacific this year in an effort to boost profits.
BRITAIN may have to wait for every single one of its EU neighbours to give full legislative consent before it can benefit from any free trade deal.
GERMAN Chancellor Angela Merkel and French President Emmanuel Macron have agreed to draw up a road map to deeper European Union integration.
A REVIEW of Donald Trump’s tax returns from the past 10 years show no income from Russian sources outside of a few exceptions, his lawyers say.
LOWER sales have dragged down Macy’s profit during the first quarter as customers’ habits shift to more online shopping.
JAY Z’s fortunes jumped 30 per cent last year to give him an estimated net worth of $1.1 billion, but it was not enough to dethrone Sean “Diddy” Combs.
US STOCKS have surged to a record high, while Apple became the first US company to close with a market capitalisation above $US800 billion.
FRANCE’S future in the European Union seems a little more certain, with the pro-European Emmanuel Macron being elected president.
AUSTRALIA’S plain packaging tobacco law has been upheld at the World Trade Organization after a five-year legal battle.
FACEBOOK will add 3000 people over the next year to monitor reports of inappropriate material and remove videos such as murders and suicides.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/29