According to Gao Qi, a FX strategist at Scotiabank, the yuan is likely to find strong support at 6.70 yuan per dollar. On Friday, the Chinese yuan touched a new low and was on course to perform its worst ever… Read More ›
Economy & Finance
Seven Year-Long Patent Infringement Battle Settled By Apple And Samsung
The legal patent infringement fight between Apple and Samsung that had dragged on for seven years have been just ended by the companies. Court documents filed on Wednesday by the companies show that the two companies have agreed to a… Read More ›
Smart Home Industry Trying Out Blockchain For Enhanced Customer Experience: Report
The important trends that are prompting smart home industry leaders trying out blockchain technology have been identified in a new report from Navigant Research. There is a growing concern about data security and protection because of a number of high-profile customer… Read More ›
$5.6 Billion Worth Of Boeing Planes To Be Bought By Little Known Vietnamese Airline
Little known airline startup from Vietnam Bamboo Airlines will buy 20 Dreamliner commercial jets from aerospace giant Boeing. The company announced that the value for the deal would be up to $5.6 billion. a similar deal that is worth $3 billion… Read More ›
Threat To Thousands Of Jobs And Price Hike Due To US Tariffs, Warn Automakers
If the United States imposes the proposed 25 per cent import tariff on vehicles would lead to job losses amounting to hundreds of thousands in the auto sector in America, steeply increase vehicle prices and stunt investment in self-driving cars,… Read More ›
Brexit Custom Costs Will Increase Price Of Cars: BMW
Custom arrangement costs because of Brexit would increase price of its vehicles, BMW has said, The making of cars such as the Mini would become costlier because of new border systems and warehousing, said Ian Robertson, BMW’s UK special representative…. Read More ›
Scotland’s Sturgeon priming itself for elections in autumn 2018
The UK has seen 4 elections in an equal number of years. In a significant development that could potentially have a bearing on Brexit negotiations, Nicola Sturgeon, Scotland’s First Minister has moved one of her key allies into a campaigning… Read More ›
BMW will continue producing cars despite Brexit concerns
Earlier comments published by the Financial Times suggested that BMW would move out of Britain due to Brexit-related supply chain disruptions.This report clarifies on that. On Tuesday, BMW’s special representative in Britain stated the automaker is not considering moving its… Read More ›
World Solar Bank To Finance Solar Power Projects Worth $150 Billion Planned By ISA
A special purpose vehicle (SPV) is aimed to be created to specifically finance solar projects by the International Solar Alliance (ISA) as the organization plans to appeal to multilateral development banks (MDBs) such as Asian Infrastructure Investment Bank (AIIB), said… Read More ›
Australian Strategic Policy Institute finds Huawei Technologies sponsoring overseas trips of Australian politicians
China’s Huawei Technologies Co Ltd, the world’s biggest maker of telecommunications network equipment, is increasingly finding it difficult to break into the U.S. and Australia telecommunication market on security concerns. A report by Australian think-tank Australian Strategic Policy Institute (ASPI)… Read More ›
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