Author Archives
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China’s Warning To Airlines Is Called ‘Orwellian Nonsense’ By White House
Foreign airlines were warned by China that they should change the manner in which they identify Taiwan and some other areas in on their company websites recently. This has been publicly admonished by the White House. Any information on their… Read More ›
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Ferrari Has Sold Out All Of Its Models For 2018 And Some For 2019 Already
Riding on a very good season of sale, the Italian supercar manufacturer reported profits that surpassed the expectations of the analysts as the company declared that it had sold out all of its models for 2018 as well as a… Read More ›
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47 Per Cent Income Growth For Alibaba In 2018 Fiscal Year
There has been a 47 per cent increase compared to the same period a year ago in net oncome for the fiscal year ended March 2018 for China’s e-commerce giant Alibaba, the company announced on Friday. The net income was… Read More ›
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Reports Say Walmart Secures 75% Stake In Indian E-Retailer Flipkart, Trumps Amazon
In India, the new battle ground between Walmart and Amazon.com, the largest retailer in the world apparent seems to have trumped to its online rival Amazon and is slated to take up a majority stake at Flipkart – India’s largest… Read More ›
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6,000 Jobs Expected To Be Cut By BT As Part Of Restructuring
Troubled by its Italian accounting scandal, that lasted for at least 18 months, BT is attempting to rebuild investor confidence and is all set to announce job cuts to the tune of about 6,000 globally. The company has also been… Read More ›
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U.S. Will Allow Tariff Respite For Some Countries, Not All, Says Com Sec Wilbur Ross.
After the expiring of the temporary exemptions from the steel and aluminum tariffs on Tuesday, there are plans by the Trump administration to extent the exemption to some countries – not all, said U.S. Commerce Secretary Wilbur Ross. Ross however… Read More ›
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Deutsche Bank Report Predicts A 7.5% Growth Rate For Indian GDP In FY19
A Deutsche Bank research report has predicted that the Indian economy and its GDP will likely grow at the rate of 7.5 per cent for the current financial year and added that the economy is witnessing a “cyclical upswing”. “Our… Read More ›
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First Quarter Slow Down For U.S. Economy – At 2.3 Percent
The Unites States Commerce Department announced on Friday that there has been a slowdown in the U.S. economy in the first quarter of 2018. The department said that compared to the rate for Gross Domestic Product (GDP) growth of 2.9-per… Read More ›
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Comply With WTO Rules, Says China, Opposes Trade Protectionism
The deep integration of the global economy is the reason that everyone would be harmed by unilateralism and trade protectionism and there would be no benefits for anyone, China said earlier this week just as two senior U.S. officials are… Read More ›
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Embraco Business Of Whirlpool To Be Sold For $1.08bn To Nidec Corporation
The Embraco compressor business of Whirlpool will be sold to Nidec Corporation in a cash deal that would be worth of $1.08 billion, the companies announced recently. It is expected that the deal would be closed by the first half 2019…. Read More ›
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