U.S. President Donald Trump has threatened to slap tariffs on all Chinese exports to the U.S. On Monday, a spokesman for China’s foreign ministry stated, Beijing will respond if the United States was to take any further steps on trade…. Read More ›
Economy & Finance
China’s trade surplus with the U.S. at record high in August 2018
The trade data could further push Washington to impose the next slab of tariffs on U.S. import of Chinese goods worth $200 billion. Customs data disclosed on Saturday showed China’s trade surplus with the United States has widened to a… Read More ›
Pledge To Eliminate Plastic In UK By 2030 Taken By Global Soft Drink Cos
An action plan that was presented to the British parliament is being touted as the biggest pledge made up by global soft drink companies till date in replacement of throwaway plastic bottles for their products. The report was sponsored and… Read More ›
Chipmaker Broadcom’s Q3 Results Beat Estimates, Share Rise
Stocks of chipmaker Broadcom climbed on after hours trading on Thursday after the company reported better than expected for the third quarter of the current fiscal. the company beat Wall Street’s estimate for profit even though its revenues was not up to… Read More ›
Scandal Hit US Blood-Testing Firm Theranos To Be Officially Shut Down
The shareholders of the scandal-hit US blood-testing start-up Theranos have been officially involved by the company’s chief executive David Taylor that the company would be formally dissolved. There is no more time remaining with Theranos to get a buyer for… Read More ›
Almost 10% Increase In US Trade Deficit In July Despite Tariffs
If the July trade deficit of the United States is anything to go by, then the largest economy in the world is potentially heading to wards recording its highest trade deficit for 2018 in a decade according to analysts. The… Read More ›
China to adopt strong measures against any new U.S. tariffs
Despite U.S. trade measures the Chinese economy has albeit slowed down a little but has maintained its growth momentum. With U.S. President Donald Trump threatening to impose 25% tariffs on U.S. imports from China worth $200 billion, on Thursday, China’s… Read More ›
Japan likely to spend $90 billion year-on-year for 5 years on fiscal stimulus
Satoshi Fujii, an adviser to Japanese Prime Minister Shinzo Abe sees the fiscal stimulus measure as the most likely path Japan will have to take in order to maintain its growth trajectory. On Thursday, an adviser to Japanese Prime Minister… Read More ›
America Divided Over Colin Kaepernick’s ‘Just Do It’ Nike Ad, Shares Fall
Sports apparel giant Nike faced flack from social media users and calls were given to boycott the company products after the company declared that it would include Colin Kaepernick for the 30th anniversary of the “Just Do It” slogan. There… Read More ›
Goldman Sachs Halves Tesla Value From What Musk Had Stated In A Tweet
According to the Wall Street investment bank Goldman Sachs, the value of electric car maker Tesla is half of what its founder and CEO Elon Musk tweeted it to be at $420 a share when he recently famously tweeted his… Read More ›