On Monday, the California Department of Insurance proposed reform measures which includes ways for insurers to include more people from low-income families. Currently insurers offer group discounts based on education, occupation, and other factors, to the detriment of low-income families…. Read More ›
According to three sources familiar with the matter at hand, Tesla Inc has entered into $1.4 billion (10 billion yuan) loan agreement with a group of Chinese banks, for its Shanghai car plant. Part of this amount will be used… Read More ›
On Monday, U.S. budget carrier Spirit Airlines Inc stated it aims to purchase 100 Airbus A320neo-family jets which are scheduled to be delivered to it through 2027; the agreement comes with options to purchase up to 50 additional aircraft. Spirit’s… Read More ›
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 ›
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 ›
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 ›
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 ›
U.S. President Donald Trump stated, the United States and China would “very shortly” sign the so-called Phase One trade pact. “We just achieved a breakthrough on the trade deal and we will be signing it very shortly,” said Trump at… Read More ›
On Saturday, in a statement BASF’s construction chemicals business stated, Lone Star, a private equity firm has entered into a deal to acquire it for $3.5 billion (3.17 billion euros) on a cash and debt-free basis. The deal, having immediate… Read More ›
On Saturday, China’s state-backed semiconductor fund announced plans to trim its stakes in select tech firms, even as foreign investors continued to increase their exposure to its tech sector. China’s National Integrated Circuitry Investment Fund, which is known as the… Read More ›
