All posts tagged "Business"

Business leaders and industry groups are waiting for clarity and follow-up from the Trump administration on promises it made during the China summit earlier this month, according to new reporting.

The White House assured that a "board of trade" would help relieve Chinese and American tariffs, but it's still "ironing" out the plan, "a signal the clarity industry is searching for is unlikely to come all at once," Politico reported.

Ed Brzytwa, an executive for the Consumer Technology Association, said industry groups don't know what kind of products will see reduced tariffs. U.S. Trade Representative Jamieson Greer "hasn't been clear about it, neither have the Chinese," he told Politico. ...

Trump's push to have his administration take a bigger stake in major American businesses is beginning to scare industrialists and executives, according to a new report.

"Some executives are so worried Trump will ask for a stake in their company that they have prepared for Oval Office meetings by rehearsing what they would say to fend off the president's advances," the Wall Street Journal reported on Wednesday based on information from the lobbyists involved in those preparations.

According to the WSJ, Trump's reach for large stakes in the biggest American businesses "startles many large U.S. companies that fear an expansion of government power in their industries." ...

A massive conservative group is taking President Donald Trump to court over a "cost-prohibitive" move for businesses.

The U.S. Chamber of Commerce, the world's largest business federation, announced Thursday that it filed a legal challenge to the Trump administration’s $100,000 fee on H-1B visa petitions, Bloomberg reports.

"The Chamber’s litigation argues that the new fee is unlawful because it overrides provisions of the Immigration and Nationality Act that govern the H-1B program, including the requirement that fees be based on the costs incurred by the government in processing visas," the organization announced in a statement. ...

President Donald Trump's actions of the past six weeks have positioned him to forfeit "what could have been the next great American century," argued columnist Catherine Rampell in a new Washington Post opinion piece.

Rampell proffered that three simple steps were all Trump needed to position America "to lose the 21st century," despite his obsession with what he perceives as all that "winning."

The first step in the "losing" strategy, according to Rampell is: "Alienate your friends."...

One of Donald Trump's biographers sees the profits he scored through his hotels while president as cause for concern about blackmail or other forms of national security threats.

Speaking to MSNBC on Thursday, Tim O'Brien explained that from the very beginning there were concerns about how Trump would conduct his business while also serving as president. While he claimed to be prepared to put his companies into a blind trust, he never did, and the profits rolled in.

When doing business in Washington, foreign leaders stayed at the Trump Hotel, according to a House Oversight and Reform Committee report by Democrats who sifted through at least $8 million he made in a few years. When asked to conduct more investigations, Democrats said that chairman James Comer (R-KY) obstructed the investigation. ...

"Here's your food," whispers the robot at the airfield restaurant in Gelnhausen, some 45 kilometres east of Frankfurt. "Please take the food from tray one." The guest complies, reaching for the plate full of steaming meat, gravy and mashed potatoes. "Press the screen to confirm," says a voice from the serving trolley. The robot concludes by wishing the patron a hearty appetite. Then the monitor's face with big googly eyes and a red kissy mouth smiles. "I'm a hard-working waiter. I'm happy to serve you," says the robot. The rolling waiter clearly has self-confidence and the right attitude for t......