In case the Trump administration in the United States places new tariffs on foreign cars and vehicle parts, there will be retaliatory action as threatened by the EU, Mexico and Canada. The threat was delivered by the countries to a… Read More ›
Economy & Finance
Steps To Tackle Trump Tariffs Being Worked Out By Amazon, Toyota, Alcoa And Others
Measures to mitigate the impact of Trump tariffs and to get ready for new tariffs are being worked out by some of the larger companies in the United States such Amazon.com Inc, Toyota Motor Corp and Alcoa Corp./ While the… Read More ›
Policy debate on China’s monetary policy rages as economy faces strong headwinds
China will require an active and dynamic support system for its fiscal and regulatory policies so that it can mitigate the challenges posed by the deepening trade war with the United States. A slowdown in China’s economy due to its… Read More ›
Surprise Steadiness In UK Inflation – Weighed Down By Summer Sale
The fall of clothing prices in the United Kingdom resulted in the rate of inflation remaining at 2.4% for the third month in a row in June, shows data from the Office for National Statistics. It has been expected last… Read More ›
US Business Being Scaled Back By Chinese Bike-Sharing Firm Ofo
Expansion plans in the United States is being scaled back by Chinese bike-sharing startup Ofo. The firm says that it was is in the process of laying off staff throughout the country even though it is less than a year… Read More ›
Drugs Stockpiling In EU To Be Done By AstraZeneca For A Hard Brexit
Anticipating a no-deal Brexit, drug company AstraZeneca plans to enhance its stockpiles of drugs in Europe by almost 20%. There could be a possible hard Brexit in April 2019 and the European regulator has informed companies to get ready for… Read More ›
Nigerian National Carrier Launched, Aims To Fly To China And India
Nigeria is set to launch its new national carrier, Nigeria Air at the end of this year. According to a tweet by Tolu Ogunlesi, a communications official, no more than 5 percent stake in the new airline would be owned… Read More ›
One Third Of Global Economy Covered In EU-Japan Trade Deal
Tariffs on almost all exported gods were either reduced or completely eliminated in a new free trade deal that was signed between the European Union and Japan on Tuesday. The deal encompasses almost 600 million people and about one third… Read More ›
China To Ease Monetary Policy To Counter Trade War
Following the ongoing trade war with the United States, it is likely that China would announce a shift in its monetary policy from one that leverages to one that is able to buttress” growth. This after the second largest economy… Read More ›
Lockheed Martin Corp wins contract worth $451 from the Pentagon
The terms of the contract includes providing materials and designs for 4 Multi Mission Surface Combatant ships and includes foreign military sales to Saudi Arabia. As per a report from the Pentagon, Lockheed Martin Corp has won a contract to… Read More ›
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