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July, 31, 2016

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China slams higher European steel tariffs as unjustified
Beijing has criticized new European tariffs on Chinese steel as "unjustifiable" protectionism coming just weeks after commerce ministers from G-20 nations pledged to promote free trade.
 
Obama signs bill requiring labeling of GMO foods
President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time.
 
Investors deflated on 'disappointing' BOJ stimulus plan tweaks
The Bank of Japan deflated investor spirits Friday with underwhelming tweaks to its giant stimulus plan that fanned worries its monetary policy arsenal is almost empty.
 > Japan
 
Ford's 2Q profit falls on trouble in US, mainland China
Ford Motor Co.'s net income fell 9 percent to US$2.0 billion in the second quarter as the company struggled with flattening U.S. sales and a tougher market in mainland China.
 
Chipotle says it plans to open burger restaurant
Chipotle is branching out from burritos and plans to open its first burger restaurant.
 
It seems that the strong start to the year was another false dawn for the eurozone economy and that the European Central Bank will have more to do in the months ahead to shore up growth.
 
Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter.
 
Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue.
 
The yen soared Friday as the Bank of Japan's small adjustments to its stimulus program disappointed traders who had expected a huge boost to its arsenal.
 > Japan
 
French energy giant EDF on Thursday approved a contested plan to build Britain's first nuclear power station in decades but the British government said it would wait before taking a final decision.
 
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