Business

23 May 2019; AFP: The British government on Thursday postponed a crucial Brexit vote scheduled for the first week of June, following an outcry from hardline Brexiteers over concessions made by Prime Minister Theresa May.

The beleaguered premier is in the last throes of a tumultuous period in power focused all-but exclusively on guiding her fractured country out of the European Union.

23 May 2019; DW: The penalty may be significantly less than the ones handed out to Volkswagen, Audi and Porsche, but auto parts supplier Bosch has become the latest big-name casualty of the "Dieselgate" scandal.

German auto parts supplier Bosch was on Thursday ordered by prosecutors to pay a fine of €90 million ($100 million) over its role supplying components in the "dieselgate" emissions cheating scandal. 

Washington, May 23 (PTI) The vision of a free and open Indo-Pacific that the United States and Japan share serves as the foundation for a global partnership that strengthens security, prosperity and order around the world, the White House has said.

In fact, the US-Japan alliance serves as the cornerstone of peace and security in the Indo-Pacific region, it said Wednesday, ahead of President Donald Trump's scheduled Japan visit beginning May 25.

NEW YORK (AP) — An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the pain than others, leaving consumers to carry the load.

Analysts say big box giants like Target and Walmart who marked their latest quarter with strong performance are best positioned to absorb the higher costs because of their clout with suppliers. They’re also taking a judicious approach to price increases to lessen the impact.

NEW YORK (AP) — Michael Avenatti, the attorney who rocketed to fame through his representation of porn star Stormy Daniels in her battles with President Donald Trump, was charged Wednesday with ripping her off.

Federal prosecutors in New York City say Avenatti used a doctored document to divert about $300,000 that Daniels was supposed to get from a book deal, then used the money for personal and business expenses. Only half of that money was paid back, prosecutors said.

ALBANY, N.Y. (AP) — New York lawmakers gave final passage to legislation Wednesday that would allow President Donald Trump’s state tax returns to be released to congressional committees that have, so far, been barred from getting the president’s federal filings.

The Democrat-led Senate and Assembly both approved the measures Wednesday, sending them to Gov. Andrew Cuomo, a Democrat. A spokesman has said the governor supports the principle behind the legislation but will review the bill carefully before deciding whether to sign it.

BEIJING (AP) — Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths — exotic minerals used in electric cars, mobile phones and other technology.

Rare earths are “an important strategic resource,” the official Xinhua News Agency cited Xi as saying.

WASHINGTON (AP) — The Pentagon on Thursday will present plans to the White House to send up to 10,000 more troops to the Middle East, in a move to beef up defenses against potential Iranian threats, U.S. officials said.

22 May 2019; MEMO: The United Arab Emirates (UAE)’s Vice President and Prime Minister and the Ruler of Dubai, Mohammed Bin Rashid Al-Maktoum, yesterday launched a new scheme which grants permanent residency to expatriates.

ANKARA; 22 May 2019; AA: Turkey decided to reduce by half the additional duties levied on 22 products originating in the U.S. in a reciprocal move, the trade minister said on Wednesday.

The move came after the U.S. government announced that it decreased tariffs on Turkish iron and steel imports to 25% from 50% last week.