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 ›
Economy & Finance
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 ›
Amidst Trade Spat, Chinese Growth Slows As Expected By Markets
There has been a slowdown in China’s economic expansion as had been expected by market experts who also believe that the results are a signal about the largely stable output amidst an escalating trade conflict with the U.S. Compared to… Read More ›
Only Recycled Plastics Would Be Used By Adidas For Its Products By 2024
Adidas wants to become completely sustainable as soon as it can with respect to its products. The global giant of sportswear manufacturer has announced that it has committed itself of making use of only recycled plastic for its products by… Read More ›
WTO needs rules on forced transfer of technology: European Council President Donald Tusk
European Commission President Jean-Claude Juncker and European Council President Donald Tusk are in Beijing to meet Chinese Premier Li Keqiang for the annual China-EU leaders dialogue. On Monday, Donald Tusk, the President of the European Council stated, the World Trade… Read More ›
China registers highest trade surplus levels with U.S. in June since Dec. 2017
The data could potentially prolong and deepen the ongoing trade war. Official data from the U.S. shows, Beijing’s exports to the United States, have unexpectedly risen to record highs. China’s trade surplus with the U.S. peaked in June and could… Read More ›
manageria.biz 