The shareholders of the scandal-hit US blood-testing start-up Theranos have been officially involved by the company’s chief executive David Taylor that the company would be formally dissolved. There is no more time remaining with Theranos to get a buyer for… Read More ›
Day: September 6, 2018
Almost 10% Increase In US Trade Deficit In July Despite Tariffs
If the July trade deficit of the United States is anything to go by, then the largest economy in the world is potentially heading to wards recording its highest trade deficit for 2018 in a decade according to analysts. The… Read More ›
Burberry embraces environmental and social responsibilities, stops burning unsold goods worth millions of pounds
Burberry’s CEO Marco Gobbetti is in the process of repositioning the quintessential British fashion house as more upmarket and is pinning his hopes on Riccardo Tisci, a designer whose costumes adorned Beyonce and Madonna. Quintessential British luxury brand Burberry has… Read More ›
China to adopt strong measures against any new U.S. tariffs
Despite U.S. trade measures the Chinese economy has albeit slowed down a little but has maintained its growth momentum. With U.S. President Donald Trump threatening to impose 25% tariffs on U.S. imports from China worth $200 billion, on Thursday, China’s… Read More ›
Japan likely to spend $90 billion year-on-year for 5 years on fiscal stimulus
Satoshi Fujii, an adviser to Japanese Prime Minister Shinzo Abe sees the fiscal stimulus measure as the most likely path Japan will have to take in order to maintain its growth trajectory. On Thursday, an adviser to Japanese Prime Minister… Read More ›