China’s strategy of excessive production and dumping what it cannot domestically consume on its trade partners has widespread ramifications for domestic producers; already being probed by the United States, the investigation by the European Commission is the latest scrutiny of… Read More ›
Month: December 2017
South Korea to purchase 20 additional stealth fighter aircrafts frmo Lockheed Martin
The news report by South Korea’s Joongang Ilbo newspaper follows U.S. President Donald Trump’s visit to Seoul. On Thursday, a South Korean newspaper reported that the country plans on buying an additional 20 F-35A stealth fighter aircrafts from the US…. Read More ›
A brief outlook on the impact of the U.S. tax code on Apple Inc
Analysts opine, the revised repatriation rules are likely to be the pivot in Apple’s cash strategy. With the U.S. Congress passing the Republican-led tax overhaul bill, one of Apple’s long standing goal of repatriating $252.3 billion in foreign cash without… Read More ›
A Widely Accepted Global Investor Survey Ranks Bitcoin To Be The ‘Most Crowded’ Investment Globally
Bitcoin has become a cause of worry for more traditional money managers than every before. Bank of America Merrill Lynch’s December global fund manager survey that was released on Tuesday sowed that bitcoin was at the top of the list… Read More ›
Japanese Researchers Discover Self-Healing Glass By Accident, Could Be Used In Smart Phone Screens
A new form of glass that is able to fix cracks and breaks by itself is being claimed to have been developed by Japanese researchers. There is no need for making use of high heat so that glass is able… Read More ›
European Court of Justice rules Uber is a transport service provider
Although the landmark ruling will not have an immediate impact on the rider hailing service provider, since it already operates under transportation law, it will nevertheless have a material impact on the company’s finances and its operations. On Wednesday, in… Read More ›
China allowing tourism in North Korea through its border cities with its ally
Thanks to Chinese tourists North Korea earns $44 million a year in foreign currency. According to tourism sources, Chinese tourists are still visiting Pyongyang from China’s border city Dandong. The development is despite apparent unofficial halting of such tours, just… Read More ›
Here’s how the U.S. industry is going to benefit from the tax overhaul
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
China blocks tourism with South Korea
With geo-economic tensions rising in the Korean peninsula, China is back, once again, bullying and waging an economic war on its neighbour South Korea. With the U.S maintaining its pressure on North Korea, the dictatorial regime main ally China has… Read More ›
A Survey Of European Economists Says Global Financial Stability Not At Risk Due To Bitcoin
According to a group of leading economists from Europe, bitcoin is unlikely to shake up the mainstream markets and as such the cryptocurrency poses no real treat to financial stability. There have been repeated warnings from senior financiers about the… Read More ›