With the entry of Europe’s largest carmaker in the United States, the electric vehicle segment in the country is set to heat up. In a strategic development, Scott Keogh, the newly appointed CEO of Volkswagen Group of America stated, Volkswagen… Read More ›
Economy & Finance
Trump Administration examining options on raising import tariffs on Chinese automobiles
The development comes just days before U.S. President Donald Trump is set to meet his Chinese counterpart in Buenos Aires. The outcome of the meet could either ease or worsen the growing trade war. Robert Lighthizer, the U.S. Trade Representative,… Read More ›
Saudi Arabia seals $15 billion THAAD deal with U.S. Government
The Trump Administration played the Iran card saying the deal would protect against “.. growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups.” According to a spokesman from the U.S. Department of State, Saudi Arabia will purchase… Read More ›
Brexit Deal Will Negatively Impact UK Economy, Says Theresa May Government
It has now been officially announced that the British economy would be hit by Brexit, the exit of Britain from the European Union. The economic fallout related to a number of Brexit scenarios have been published by government. All of… Read More ›
Reports Of 70% Drop In Tesla’s China Sales Is ‘Misleading Information’: WM Motor CEO
According to media reports citing, one should not dwell too deep into reports about Tesla selling just 211 cars in China last month. According to reports published on Tuesday, there had been a drop of 70 per cent in the… Read More ›
BMW mulling building a second manufacturing plant in the U.S.
U.S. President Donald Trump has threatened to impose tariffs on cars imported to the U.S. In a strategic development, BMW stated, it is considering to build a second U.S. manufacturing plant which could produce transmissions and engines, said Harald Krueger,… Read More ›
Saudi Aramco to investment $150 billion in the next 10 years: CEO Amin Nasser
The Saudi energy giant is positioning itself to tap the booming LNG market – a much cleaner fuel compared to pollution-heavy crude oil. On Tuesday, Saudi energy giant Aramco stated, its gas program is likely to draw $150 billion in… Read More ›
UK open to a trade deal with U.S.
Brexit allows Britain to have an independent trade policy. A framework for a trade agreement with the U.S. has already been laid. Following U.S. President Donald Trump’s statement saying U.S.-U.K trade could be potentially hit due to Britain’s trade arrangements… Read More ›
Tories to back May’s Brexit deal if timetable for departure is tabled: The Times
The Tories are pushing for a Canada-style agreement. As per a report from The Times, Brexiteers “will back British Prime Minister May’s deal if she says when she’s quitting”. The Times report states the Tories are likely to soften their… Read More ›
Delisting Of Settlements In West Bank Lands Airbnb In A Israeli Class-Action Lawsuit
Airbnb has been accused of “outrageous discrimination” in a class action law suit filed against it in Israel where the lawyers demanded monetary compensation for the damages that had been cause by the company following its decision of withdrawal of… Read More ›