Things are likely to escalate before they cool down. In a note, economists at Goldman Sachs stated, they see a 60% chance that the United States would slap further tariffs on the final $300 billion of Chinese imports. This is… Read More ›
Month: June 2019
Huawei Technology to sell undersea cable business
The disclosure was made by Hengtong Optic-Electric Co Ltd in a filing to the Shanghai Stock Exchange. On Monday, a filing by China’s Hengtong Optic-Electric Co Ltd, an optical communication network products company based in Jiangsu, showed that Huawei Technologies… Read More ›
Huawei hogs limelight in opening of lawsuit in Sherman, Texas
The lawsuit is the first to be heard under the U.S. Defend Trade Secrets Act of 2016; as per Matthew Goss, general counsel for CNEX, Huawei is “weaponizing our courts against U.S. companies.” On Monday, in a lawsuit that is… Read More ›
Global Cargo Demand Hit By Trade War, IATA Cuts 2019 Profit Forecast For The Industry
The profit outlook for the global airline industry for the entire year of 2019 was slashed by the International Air Transport Association (IATA) because of the ongoing trade tensions and spats throughout the world and the rising tendency of protectionism… Read More ›
Trump Urged By US Business Groups To Avert Mexico Tariffs
United States president Donald Trump was urged by the top US business lobbying group and Mexico’s president not to implement his threat of imposing import tariffs on all Mexican products exported in to the US over the issue of illegal… Read More ›
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