The EU has made it lucidly clear that it will retaliate with $39.1 billion of U.S. goods if Washington was to go ahead with its threat to impose tariffs on EU car exports. In a warning to Washington, the European… Read More ›
Economy & Finance
Bank of England will have to be flexible and fast in responding to Brexit
Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
Alibaba To Allow Small US Businesses To Sell On Its Platform Providing Them Global Reach
Smaller businesses and companies in the United States would now be allowed to use the Alibaba.com e-commerce platform, the Chinese e-commerce giant Alibaba Group Holdings Ltd has announced. Analysts view this measure by Alibaba to be an effort by it… Read More ›
With A 93% Tariff, US Wines Are The Hardest Hit In The US-China Trade War
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 ›
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 ›
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