On Tuesday, as per a statement from China’s Commerce Ministry, top trade negotiators from the United States and China have held a phone call to try and hammer out a preliminary “phase one” trade deal. Chinese Vice Premier Liu He… Read More ›
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China’s rare exports to the U.S. surge by 21.7% to 477T in October 2019
Data from China’s General Administration of Customs data showed, exports of rare earth magnets to the United States have surged by 21.7% month on month to 477 tonnes in October 2019, to touch their highest level since 2016. U.S.-bound shipments… Read More ›
Apple to expand operations in India: Indian Information Technology minister
In a statement, India’s information technology minister Ravi Shankar Prasad disclosed, Apple Inc will be expanding its operations in the country. Salcomp, one of Apple’s suppliers, plans on opening a plant near Chennai in southern India. Salcomp, which makes components… Read More ›
General Electric ropes in AP Moller-Maersk’s finance chief as its CFO
In the latest slew of management changes at General Electric Co, the U.S. industrial conglomerate has named Carolina Dybeck Happe, who is currently the Chief Financial Officer at shipper AP Moller-Maersk, as its finance chief. Happe will commence work in… Read More ›
Israeli exports surged to a record $114 billion in first 9 months of 2019
According to government data from Israel, exports, a key economic growth driver, are expected to grow to a record $114 billion in 2019, up from $109 billion in 2018. According to a statement from Israel’s Central Bureau and Statistics and… Read More ›
French luxury goods group LVMH acquires Tiffany & Co for $16.2 billion
On Monday, French luxury goods group LVMH disclosed it has arrived at an all-cash deal worth $16.2 billion to acquire U.S. jewelry chain Tiffany & Co. LVMH will be paying $135 per share for every share of Tiffany & Co…. Read More ›
Billionaires Lost $388 Billion In 2018 After 5 Years Of Growth
A new report from the Swiss bank UBS and auditing firm PwC shows that in 2018, there was a 4.3 per cent or $388 billion drop in the collective wealth of the billionaires of the world after increasing for straight… Read More ›
Swiss drugmaker Novartis AG close to acquiring U.S. biotechnology firm The Medicines Co for around $7 billion
According to a report from the Wall Street Journal, Swiss drugmaker Novartis AG is close to clinching an agreement to acquire U.S. biotechnology firm The Medicines Co for around $7 billion. In the potential deal, Novartis has agreed to pay… Read More ›
Samsung Heavy Industries to pay $75 million to resolve DoJ investigation in foreign bribery case
In a statement the U.S. Justice Department said, Samsung Heavy Industries Co Ltd has agreed to pay more than $75 million in criminal penalties in order to resolve a U.S. investigation into a bribery scheme that runs into millions of… Read More ›
Tesla’s futuristic Cyber makes a bold entry into the pickup truck segment
Tesla Inc has unveiled an electric pickup truck which features a futuristic angular body in gunmetal gray that somewhat resembles an armored vehicle. The Cyber truck, with starting price of $39,900, is less expensive than was initially flagged. During the… Read More ›
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