Following a growing wave of anti-China protests in Hong Kong, Alibaba is weighing a delay in the listing in the Hong Kong Stock Exchange which has not only shut down its airport but has also captivated the world. According to… Read More ›
Economy & Finance
U.S. prepares to sell F-16 fighter jets worth $8 billion to Taiwan: Pentagon
The potential sales comes midst rising tensions with China. In an official notification to the U.S. Congress, the U.S. State Department stated, it has approved the potential sales of F-16 fighter aircraft, worth $8 billion, to Taiwan. The information was… Read More ›
Huawei In ‘Battle Mode’, Says Founder; Reforms Highlighted In Wake Of US Crisis
Founder of Chinese tech giant Huawei Ren Zhengfei said that the company is faced with a “live-or-die moment” because of the United States export curbs and hence to tackle the situation, company would be spending more on production equipment this… Read More ›
US Should Not Attempt To Seize Its Supertanker Anymore, Warns Iran
A warning to the United States of not trying to seize its oil tanker in the mid seas after being released from Gibraltar was given by Iran. According to shipping data, the oil tanker in question was moving towards Greece… Read More ›
Britain’s NHS off Limits to any future trade deal with the U.S.
Provisions and pricing of drugs are an issue that has to be tablet especially since there could potentially be a shortfall in case of a cliffhanger Brexit. According to a report from the Sun newspaper, British Prime Minister Boris Johnson… Read More ›
U.S.-UK trade deal in the offing
Boris Johnson’s no-deal Brexit stance is pretty obvious to observers. His confidence that the British economy will survive a cliffhanger Brexit probably stems from his hope of clinching a free trade deal with the U.S. British Prime Minister Boris Johnson… Read More ›
Boris Johnson takes aim at Irish backstop in opening salvo
Despite Boris Johnson’s own admission that “Time is very short”, he wants to renegotiate the Brexit deal by October 31. On Tuesday, British Prime Minister Boris Johnson fired his opening salvo at the European Union, as negotiators from both sides… Read More ›
China spent $85.20 billion in shantytown redevelopment projects for Jan-July period
China is boosting its spending levels in order to fight a growing slowdown in its economy, which has sunk to its 27-year low. On Monday, in a statement, China’s housing ministry stated, it has sunk in $85.20 billion (600 billion… Read More ›
U.S. does not want to do business with Huawei on national security grounds: Trump
As a gesture of good faith, the U.S. is slated to extend a “temporary general license” for Huawei for a period of 90 days. Despite the fact that the Trump Administration has extended a grace period for U.S. business to… Read More ›
SEC fines BMO Capital Markets and Cantor Fitzgerald & Co over ADR malpractices
SEC Chairman Jay Clayton’s efforts to clean up the securities market are paying off. In a statement, the Securities and Exchange Commission (SEC) disclosed, BMO Capital Markets and Cantor Fitzgerald & Co have agreed to pay $3.9 million and $647,000… Read More ›
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