The latest round of funding by the United States based electric vehicle startup Rivian yielded $1.3 billion in investments from the likes of fund manager T. Rowe Price as well as contributions from its existing investors including the online retailer… Read More ›
Day: December 23, 2019
Allegations Of Forced Labour By Prison Inmates In Tesco Card Case Denied By China
Following a report in a British newspaper about a London schoolgirl finding out a message in a Christmas card that claimed that it was from inmates at Shanghai’s Qingpu Prison who were forced into labour and after Tesco suspended ties… Read More ›
Gold Price To Be Highest In A Decade Next Year, Say Traders
After gaining more than 15 per cent so far in 2019, the price of gold is set to record its strongest annual growth in almost a decade. The growing global economic and political uncertainties are pushing investors to want to… Read More ›
China To Cut Tariffs On Some Products Including Pork To Boost Trade
Next week, tariffs on hundreds of goods will be reduced by China as part of its efforts to shore up trade to provide a boost to its slowing economy and to cushion the impact of a devastating swine fever epidemic…. Read More ›
Emissions Scandal Sees Record Fine Imposed On VW In Australia
A record fine was imposed by Australia’s consumer watchdog over the German auto giant Volkswagen (VW) as part of the deal by the company to settle the scandal of the carmaker over its emission scandal which ripped the company through… Read More ›
Economic Crisis Hit Lebanon Has A Very Sad Christmas
The struggling economy of Lebanon has seen a shortage of shoppers in the country’s streets. A report published in the news agency Reuters showcased the clothing shop of Rafi Tabakian in a Beirut suburb that was empty which otherwise would… Read More ›
EU Unhappy With Boris Johnson’s Push For A Hard Brexit
Chief negotiator of the European Union Michel Barnier warned that trade talks between the EU and the United Kingdom could get into trouble if the UK Prime Minister Boris Johnson does not adhere to the red lines drawn by the… Read More ›
British supermarket giant Tesco suspends Chinese Christmas cards supplier over forced labor report
Following a press report of a Chinese supplier of its Chinese supplier of Christmas cards employing foreign prisoners in forced labor camps, British supermarket giant Tesco suspended its contract with the Chinese supplier. “We abhor the use of prison labor… Read More ›
China to lower import tariffs on select products from January 1, 2020
In a statement, China’s finance ministry stated, it will lower tariffs on products ranging from avocado, and frozen pork to some type of semiconductors in 2020. In the coming year, Beijing is scheduled to lower import tariffs, which are lower… Read More ›