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Trump’s tariff to hit retailers
WASHINGTON: US consumers may be about to directly feel the effects of the trade fight started by US President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days. After imposing import tariffs on solar panels and washing machines in January, Trump moved to levy steel and aluminium in March along with about $50 billion in other goods. After China responded
 
 
US banks push mortgage apps as home lending slows
NEW YORK: Big US banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. Lenders have been spending on digital tools to cut costs, eliminate error-prone paperwork and appeal to younger home buyers. However, they are chasing a shrinking pool of refinancing business and new home loan volumes are still below
   
German utility deal faces snag as Macquarie eyes Innogy assets
FRANKFURT: Investor Macquarie is interested in some assets of German energy firm Innogy, two people familiar with the matter said, potentially disrupting plans by parent RWE to break up the group with rival E.ON. The news comes about a month after RWE, which owns 76.8 per cent in Innogy, unveiled plans to split up the unit and share its assets with E.ON in one of the sector’s most radical restructurings in recent history.
 
 
Ford tells WPP it will take bids from other ad agencies
LONDON: Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP, adding to uncertainty around the British ad giant after last week’s exit of founder Martin Sorrell. While Ford’s decision does not affect all of its accounts with WPP - and the agency will be able to bid for the rest of the business along with everyone else - it comes at a difficult juncture for the world’s biggest
   
US state said to be ready for retaliation
WASHINGTON : As the Trump administration begins to dismantle Barack Obama’s auto efficiency regulations, California is said to be prepared to retaliate by doing something that automakers have feared: decoupling the state’s rules from those set in Washington. The US Environmental Protection Agency has concluded that current rules to limit vehicle greenhouse-gas emissions are too aggressive and should be revised, according to
 
 
Woodstream gets smart with innovative electronic mousetraps
For Woodstream, the phrase ‘high-tech mousetrap’ is not an oxymoron. Yes, the Lititz-based company is best known for its Victor wooden spring-powered trap, which uses a mechanical technology invented in the late 1890s. But Woodstream, the world’s largest maker of rodent-control traps, is hardly stuck in its past. For years, it’s been developing electronic versions that deliver a lethal zap, not a snap And the latest permutation
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