Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 02:16 (about 39 minutes ago)
The US retail giant Costco is diving into the thorny area of food retail in China with its first store opening this week, but analysts warn it faces a tough ride as it looks to succeed where a series of international retailers have failed. The move also comes at a challenging time with Beijing and Washington engaged in a tense trade war that has seen them swap punitive tariffs on hundreds of billions of dollars of two-way trade. China has proved a brutal battleground for overseas food retailers in recent years, with many failing to understand consumer habits and tastes as well as local competitors building a stronger presence. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 02:16 (about 39 minutes ago)
A third British warship is heading to the Gulf, the Royal Navy announced Saturday, amid heightened tensions in the region. Britain has already sent the HMS Kent to cover for frigate HMS Montrose while it undergoes maintenance in nearby Bahrain, and is now redirecting the Type 45 destroyer HMS Defender from its mission to the Pacific. Britain outraged Iran by seizing one of its tankers -- the Grace 1 -- on July 4 on suspicion it was carrying oil to Syria in violation of EU sanctions. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 02:16 (about 39 minutes ago)
Christian Hanley and Kristen Hawn weigh in on the field of 2020 Democratic hopefuls as candidates begin to drop out of the race. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 02:16 (about 39 minutes ago)
The head of a Mexican news website was found stabbed to death in the center of the country, authorities said Saturday, the 10th such killing this year. The body of Nevith Condes Jaramillo "was found Saturday morning... showing injuries from a sharp object," the state prosecutor said in a statement. Condes Jaramillo, 42, was the head of a local news site in Tejupilco and was also an announcer on a community radio station. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 02:16 (about 39 minutes ago)
Yemen's Iran-aligned Houthis launched drone attacks on Sunday on Saudi Arabia's Abha airport and the air base of Khamis Mushait, the group's military spokesman told Al Masirah TV. The spokesman said the drones attacked the control towers at the two sites, both located in the southwest of the kingdom. There was no confirmation from Saudi authorities. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 00:46 (about 2 hours ago)
Oregon's criminal justice system would be "overwhelmed" if the U.S. Supreme Court rules in an upcoming case that nonunanimous jury verdicts are unconstitutional, the state's attorney general has told the court. Attorney General Ellen Rosenblum said in an amicus brief on Friday that if the U.S. Supreme Court finds nonunanimous juries unconstitutional, it could invalidate hundreds or even thousands of convictions in Oregon. Oregon is the only state in America allowing 11-1 or 10-2 jury verdicts in criminal trials, except first-degree murder convictions. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 00:46 (about 2 hours ago)
Chip East/ReutersA New Jersey cop accused of breaking into his estranged wife?s home, shooting her, and then chasing her into the streets to put a final bullet in her head?all while in uniform?will finally face a judge next week.Newark Lt. John Formisano was arrested a couple of hours after the July 15 slaying. But instead of being brought to court, he was taken to a psychiatric unit after telling investigators that he ?blacked out? just before the shooting.According to a police affidavit, the 49-year-old exhibited ?suicidal behavior.? Five weeks later, he was still in the hospital and had not been arraigned in a court of law?frustrating victim Christie Solaro-Formisano?s family.?What we feel is we want to have some justice. Any justice can bring a small fraction of peace and closure,? her aunt, Joy Mandara, said earlier this week. ?Right now, it seems justice is working very slowly and differently from how we expected.?Uniformed Cop Who Allegedly Gunned Down Screaming Wife Hasn?t Faced JusticeAfter The Daily Beast and local media reported on the delay, the wheels of justice seemed to speed up. Prosecutors confirmed Saturday that there will be a hearing in the case on Wednesday, and that Formisano will appear via video hookup from the psychiatric unit.Before the hearing was scheduled, prosecutors had insisted Formisano was not getting special treatment because he is a police officer.?If this defendant was a house painter or a businessman on Wall Street in the same circumstances, it would have been handled in the same way,? a spokesman for the Morris County Prosecutor?s Office told The Daily Beast earlier in the week.At the time of the shooting, Solaro-Formisano and the Newark lieutenant were in the process of getting a divorce.Formisano told investigators that he went to her home to drop off glasses for their 8-year-old daughter, the older of their two children. The mother of two was home with her boyfriend, and went down to the door.?He?s got a gun!? Solaro-Formisano yelled, according to the boyfriend. ?Call 911!?A nightmarish scene ensued. Formisano allegedly chased his estranged wife through the house, shooting at her, then broke down the bedroom door and shot the boyfriend in the abdomen, thigh, arms, and hand.Bleeding from her wounds, Solaro-Formisano ran outside. She was scrambling up the steps to a neighbor?s house when the cop allegedly caught up to her and shot her in the head.The neighbor called 911 and identified the gunman. ?He?s a Newark cop. He lives on the corner. I saw it. I saw him through my window. He?s in his uniform,? she told the dispatcher.N.J. Cop Claims He ?Blacked Out? Before Killing Estranged Wife, Shooting Her Boyfriend: AuthoritiesAccording to police, Formisano locked his service weapon in the trunk of his car, tossed his cellphone and drove 30 miles. He was nabbed in a parking lot.During a police interview, he did not deny his role in the bloodshed.?After entering the residence, Formisano stated he began to suspect that [his estranged wife] had a male guest in the bedroom, at which point he ?blacked out,?? the police affidavit said.?He stated that he recalls firing his weapon numerous times.?Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 00:46 (about 2 hours ago)
Syrian government forces surrounded a Turkish observation post in the northwest Friday after overrunning nearby areas, a war monitor said, while Ankara vowed not to withdraw from its position. "Regime forces have surrounded the Turkish observation post in Morek after capturing other towns and villages in this pocket," said the Syrian Observatory for Human Rights. The Syrian regime has upped the stakes with Ankara in its months-long Russian-backed offensive against the jihadist-ruled Idlib region, which borders Turkey. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 00:46 (about 2 hours ago)
Two women were arrested for allegedly shoplifting baby strollers and accidentally leaving their own baby behind as they tried to get away. #
Source: Yahoo News - Latest News & Headlines — 25th August 2019 at 00:46 (about 2 hours ago)
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. For American retailers, what Trump giveth, Trump taketh away.President Donald Trump?s administration, which said just 10 days ago it would delay until December some of its new tariffs on Chinese goods, has hit the retail sector with a new blow: The new levies will be raised to 15% from 10% as retaliation after China threatened to impose additional tariffs on $75 billion of American goods.He also said that the $250 billion of goods and products already being taxed at 25% will see that rate hiked to 30% starting on Oct. 1. Trump had warned earlier in the day that he was planning to escalate the trade war with China, firing off on Twitter a new demand that U.S. companies seek alternatives to producing goods in China. Some large retailers had said they?ll be able to pull levers to keep from passing on the costs to consumers at the 10% tariff rate, but a 15% hike makes that harder to pull off.The National Retail Federation, a retail trade association, weighed in on the escalating trade war Friday, ahead of Trump?s tweets laying out the specifics.?There are no winners in a trade war, and right now, both sides are losing,? said Jonathan Gold, vice president of supply chain and customs policy at the group. ?American businesses and consumers continue to be caught in the crosshairs.?Home Depot Inc., Lowe?s Cos., Mattel Inc. Hasbro Inc., Walmart Inc., Target Corp., Best Buy Co., Macy?s Inc., Kohl?s Corp., J.C. Penney Co. and the Toy Association didn?t immediately respond to email requests for comment.David French, senior vice president of government relations for the NRF, said it?s ?impossible? for businesses to plan for the future in the current climate.?The administration?s approach clearly isn?t working, and the answer isn?t more taxes on American businesses and consumers,? he said. ?Where does this end??Before May, the average U.S. consumer had largely escaped direct impact from U.S. tariffs on Chinese imports, with the previous rounds focusing more on agricultural items like fish and produce as the Trump administration tried to avoid the backlash that taxing consumer goods might bring. But consumer items like handbags were added to the list in the spring, with the upcoming rounds expected to hit everything from footwear to electronics.?We urge both governments to cease all punitive tariffs and return to the negotiating table,? Rick Helfenbein, president and chief executive officer of the American Apparel & Footwear Association, said in an emailed statement after China?s $75 billion round was first announced. ?It is time that we end this senseless game of tariff ping-pong, before undue harm comes to our economies and our consumers.?After Trump announced plans to increase the levies further, Helfenbein decried the ?tit-for-tat tariff hikes.??Two and a half years we have been promised a new and innovative approach, yet what we?ve been given is a 1930s trade strategy that will be a disaster for American consumers, American businesses and the American economy,? Helfenbein said.?The president has said he wants American businesses to stop working in China, yet he doesn?t seem to understand that moving a supply chain is incredibly complicated and expensive. It takes years to build relationships that meet compliance standards and deliver quality products, yet we have been given weeks and in this case days. This is not how you negotiate.?The Consumer Technology Association, a trade group representing more than 2,200 companies and which holds the annual CES, a massive consumer electronics trade show in Las Vegas, was blunt.?These escalating tariffs are the worst economic mistake since the Smoot-Hawley Tariff Act of 1930 -- a decision that catapulted our country into the Great Depression,? CTA president and CEO Gary Shapiro said in a statement. ?Enough is enough.?(Updates with CTA statement in final paragraph.)\--With assistance from Matthew Boyle.To contact the reporters on this story: Joe Deaux in New York at jdeaux@bloomberg.net;Jordyn Holman in New York at jholman19@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Anne Riley Moffat, Ros KrasnyFor more articles like this, please visit us at bloomberg.comİ2019 Bloomberg L.P. #