Author Archives

• New tariffs on cars and trucks will negatively impact U.S. consumers: Japan’s automakers association

  By admin1 on June 8, 2018 • ( 0 )

  

  In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›

• U.S. – China trade gap widens to $24.58 billion in May 2018

  By admin1 on June 8, 2018 • ( 0 )

  

  Given its humongous trade surplus with the U.S., it would be only natural to assume that China has much to lose in the event of a hike in U.S. import tariffs. Before such tariffs are enforced by Washington, Beijing is… Read More ›

• Italian court suspends Telecom Italia’s $88 million fine

  By admin1 on June 7, 2018 • ( 0 )

  

  Having suspended the sentence, the Italian court has set July 24 as the next date of the hearing wherein it will pronounce the reasons for its judgment. In a significant development, an Italian court has suspended the $88 million (74.3… Read More ›

• House of Fraser to shutdown; 6000 jobs at risk

  By admin1 on June 7, 2018 • ( 0 )

  

  British departmental stores, House of Fraser, having 56 stores and 2 outlets across the U.K., has proposed the closure of 31 of its stores as part of a restructuring plan. On Thursday, Britain’s House of Fraser said it has proposed… Read More ›

• Love of French oak by Chinese millennials driving up exports

  By admin1 on June 7, 2018 • ( 0 )

  

  The love of French oak by Chinese millennials have place France at world no. 2 in oak log exports to China. Due to heightened demand of oak from China, especially from millennials who have developed a taste for high-quality wooden… Read More ›

• Facebook admits to sharing users data with its Chinese partners

  By admin1 on June 6, 2018 • ( 0 )

  

  Weeks after the Cambridge Analytica fiasco, Facebook has admitted to sharing users’s data, with its Chinese partners. Following Facebook Inc’s disclosure that it had shared data with its Chinese partners, which includes Huawei, the social media giant has come under… Read More ›

• ZTE has signed documents to lift U.S. 7-year ban: sources

  By admin1 on June 6, 2018 • ( 0 )

  

  The preliminary agreement which ZTE has purportedly signed is likely to face significant headwinds in the U.S. Congress since the Chinese firm has been labeled as a threat to U.S. national security. Overcoming that is likely to be a Himalayan… Read More ›

• Britain aims to make Financial services a national priority post Brexit

  By admin1 on June 5, 2018 • ( 0 )

  

  Its very likely that the European Union will place Britain in the same category that it places the U.S. and Singapore: restricted market access to the Eurozone. On Tuesday, John Glen, Britain’s Economic Secretary to the Treasury, stated, financial services… Read More ›

• Germany’s exports of robotics and automation slated to slowdown due to lower demand from China

  By admin1 on June 5, 2018 • ( 0 )

  

  Fears of trade wars and with lower demand from China are some of the significant variables in the cooling of Germany’s exports of industrial automation and robotics. On Tuesday, Germany’s VDMA, a mechanical engineering association stated, sales of automation equipment… Read More ›

• Mexico likely to impose 20% import duty on U.S. pork legs

  By admin1 on June 5, 2018 • ( 0 )

  

  Mexico can fallback on the EU to source its pork or it could also get them from Canada. In 2017, Mexico imported 840,000 tonnes of pork. On Tuesday, according to two sources with direct knowledge of the matter at hand,… Read More ›