Author Archives

• Compression issues in Rolls Royce engine lead to Japanese Airline ANA Holdings canceling 113 domestic flights

  By admin1 on July 4, 2018 • ( 0 )

  

  Rolls Royce has stated progress on fixing compression issues with its Trent 1000 engines C and Trent 1000 engines B have been slow due to a global shortage of replacement parts. On Wednesday, Japanese airline ANA Holdings Inc disclosed it… Read More ›

• Barnes & Noble Inc searching for new CEO

  By admin1 on July 4, 2018 • ( 0 )

  

  Having terminated the services of its CEO citing violations of policies, the Nook tablet maker is now on the hunt for a replacement CEO. Barnes & Noble Inc stated it has discontinued the services of its CEO Demos Parneros citing… Read More ›

• Japan selects Lockheed Martin Corp’s advanced radar worth upwards of $4 billion for its missile defense system

  By admin1 on July 3, 2018 • ( 0 )

  

  The move will not only ease U.S. concerns of Japan’s trade surplus with Washington but will also strengthen the country’s defenses against its foes. Japanese military planners see North Korea as an immediate source of danger and perceive China’s growing… Read More ›

• NTIA recommends blocking China Mobile from accessing U.S. market citing threats to national security

  By admin1 on July 3, 2018 • ( 0 )

  

  From a purely commercial perspective, blocking China Mobile from accessing the U.S. market is unlikely to make any material impact since the bulk of its income is derived from the domestic market. A post by the U.S. National Telecommunications and… Read More ›

• Major Chinese banks supporting yuan by selling USD

  By admin1 on July 3, 2018 • ( 0 )

  

  The downturn of the Chinese yuan underscores investor concerns vis-a-vis the growing trade row between the United States and China. On July 6, U.S. tariffs on $34 billion worth of Chinese goods are set to kick in. On Tuesday, according… Read More ›

• Slapping tariffs on car & car parts exports will only harm U.S. auto industry by $294 billion: EU

  By admin1 on July 2, 2018 • ( 0 )

  

  A hike in tariffs on EU’s automotive exports to the U.S. will not only impact the U.S. GDP by $13-$14 billion and bring no improvements to its current account balance it will also cost the United States 120,000 jobs. Slapping… Read More ›

• REC Silicon slashes 40% of its workforce from its Moses plant in Oregon

  By admin1 on July 2, 2018 • ( 0 )

  

  The development is an outcome of the trade dispute between the United States and China. Incidentally, REC Silicon’s Montana plant will not be affected by this lay off. On Monday, Norway’s REC Silicon stated it would slash its workforce by… Read More ›

• Commonwealth Bank of Australia faces class action lawsuit

  By admin1 on July 2, 2018 • ( 0 )

  

  In October 2017, a class action lawsuit was filed against CBA for failing to disclose widespread breaches of anti-money-laundering rules. On Monday, the Commonwealth Bank of Australia (CBA) disclosed that Phi Finney McDonald had served it with a class action… Read More ›

• Panasonic willing to increase investment in Gigafactory

  By admin1 on July 2, 2018 • ( 0 )

  

  Panasonic, the sole supplier of automotive batteries for Tesla’s current production models, has stated it is willing to increase its investment beyond its current $1.6 billion. On Monday, Panasonic Corp, which is already partnering with Tesla Inc in its Gigafactory,… Read More ›

• EU leaders unite over screening of foreign investment and Trump’s aluminum and steel tariffs

  By admin1 on June 29, 2018 • ( 0 )

  

  Although the leaders of the world’s largest trading bloc did not specifically mention China and the United States, the writing on the wall is lucid. On Friday, leaders across the European Union pledged to act unanimously and firmly against protectionism… Read More ›