The current rate of taxation on American wine – post the latest retaliatory tariff imposed by China on United States products is as high as 93 per cent. This extremely high rate of import tariff has put the product out… Read More ›
Economy & Finance
Ford to invest $50 million in Chicago plant for assembling hybrid electric SUVs
The plant, which currently modifies vehicles for police use, will be upgraded and the existing work will be transferred to a nearby facility. 450 jobs will be created by this move. In a statement Ford Motor Co said, it would… Read More ›
Shares Jump By Upto 500% At Nasdaq-Style Chinese Market
A new stock exchange in China’s Changhai which has been developed on the style of the United States’ exchange Nasdaq saw shares on the exchange shoot up by as much as 500 per cent. Analysts see this as a clear… Read More ›
Iran-UK Tensions Rise Over Tanker Seizures
Following the seizure of a British-flagged oil tanker by Iran, tensions between the United Kingdom and Iran has flared up with Iran Tehran warning London not to escalate the situation. The UK had called the seizure as being a “hostile”… Read More ›
China to impose anti-dumping tariffs on SS products from Japan, South Korea, Indonesia, and EU
The anti-dumping duties, ranging from 18.1% to 103.1% will be effective from July 23, 2019. On Monday, China stated, it will impose anti-dumping duties on select stainless steel products which it imports from Japan, South Korea, the EU and Indonesia…. Read More ›
UAE’s Emaar Properties sign $11 billion airport implementation deal with Beijing Daxing International Airport
The value of the project includes the value of the 5 sq. km of land at the airport. On Monday, UAE state news agency WAM stated UAE’s Emaar Properties has signed an agreement with Beijing Daxing International Airport “to implement… Read More ›
UK Warns Iran Of Treading “Dangerous Path’ Over Tanker Seizure
The decision of Iran to seize a British-flagged tanker in the Gulf is pushing the country towards a “dangerous path” of “illegal and destabilising” behavior, said the British foreign secretary commenting on the incident. The seized tanker is called Stena… Read More ›
After Retail Business, Hong Kong Protests Is Hitting Luxury Business
In recent months, a string of protests by common citizens of Hong Kong has not only created political tensions in the city, it has also hit business – especially those in the luxury segment. The latest luxury brand in a… Read More ›
Slowing Economy Forces IEA To Cut Down 2019 Oil Demand Forecast: Reuters
The slowing down of the global economy, partially because of the trade war between the United States and China has forced the International Energy Agency (IEA) to bring down its oil demand forecast for 2019 The executive director of the… Read More ›
China’s mammoth’s to 303% of its GDP
China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›
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