The United States is being urged by the European Union to not to immediately think or plan any sanctions on trade but instead look out for an agreement on the subsidies given to companies in the aircraft industry by both… Read More ›
Month: September 2019
Worsening Chinese Economy Data Could Hasten Trade Deal With US
The economic slowdown of the Chinese economy seems to be getting worse. And this could result in the country being pushed to quickly agree to the trade agreement with the United States and undertake measures to boost the economy. Industrial… Read More ›
Most Prolonged Period Of Investment Slump In 17 Years To Hit Britain
The United Kingdom is set to face the longest period of slump in business investment in 17 years because of the uncertainty surrounding Brexit and the global economic slowdown because of the protracted trade war between the United States and… Read More ›
Saudi Arabia Briefly Overtaken By US As Top Oil Exporter
United States overtook Saudi Arabia and Russia to become the largest oil producer of the world for a brief period for the first time in history earlier this year because of a boom in shale production. According to the International… Read More ›
Worldwide Use Of The Yuan Could Be Encouraged By China’s New Digital Currency
The Chinese currency yuan could be used globally because of the proposed launch of a digital currency by China, said the CEO of American cryptocurrency financial services firm Circle. Its own digital coin is being planned to be launched by… Read More ›
Oil Facility Attacks Results In Slump In Saudi Shares
In the first session after the drone attack on two of the largest oil refining facility in Saudi Arabia which resulted in a loss of production capacity of oil by more than half, there was a sharp drop in Saudi… Read More ›
New Lawsuit Filed Against Uber In California About Driver Classification
After legislators in California passed the landmark bill earlier in the week that, if brought into a law, would force companies using the gig economy to identify the gig workers working for them as employees and hence give them benefits… Read More ›
Ford And GM Poised To Face Competition From Tesla And Rivian In US EV Pickup Truck Segment
For any auto manufacturing company, the United States’ pickup truck market is a very lucrative one. This auto segment accounted for about 33 per cent of the total sale of Ford, GM, and Fiat Chrysler in the second quarter alone…. Read More ›
A No-Deal Brexit Could See BMW Workers Facing Two Weeks Of Unpaid Leave
In case of major disruption to business because of a no deal Brexit, unpaid leave for two weeks or more would be forced on its workers at its Mini plant in Oxford in the United Kingdom, said BMW. The company’s… Read More ›
Landmark Gig Economy Rights Bill Passed By California
The US state of California has passed a legislation that would allow workers in the gig economy to demand holiday and sick pay. This is considered among first legislations in the world that can upend and significantly affect the business… Read More ›
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