The specter of a rising trade war and heightened tensions between the U.S. and China instilled fear among investors resulting in a drop in the global stock markets on Friday. While London’s FTSE 100 shed fell by 0.7% Germany’s DAX… Read More ›
Economy & Finance
Part Time Relief From Trump Tariff On Metals To Be Granted To EU And Six Others Countries
In an announcement that was being expected by the European Union following meetings between executives of booth countries earlier this week, the block, along with six other countries would get temporary exemption from the Trump tariffs already announced by the… Read More ›
Trump Administration excludes strategic allies from higher import tariffs on aluminum and steel
The exemption, albeit temporary, will be further reviewed on May 1 2018. In a strategically significant development with widespread repercussions, U.S. President Donald Trump has excluded, albeit temporarily, 6 countries, including the European Union, Canada and Mexico, from stiff U.S…. Read More ›
U.S. reins in Chinese influence in Australia
The training of U.S Marines in Australia is likely to dampen Australia-China relations while bolstering the United States’ long standing Asia pivot strategy. In a move designed to reign in Chinese aggression in Australia, on Friday, the Australian defense minister… Read More ›
Business In U.S., Canada, Mexico Optimistic About NAFTA Despite Protectionist Environment: HSBC Report
The leader in the business world in the United States, Canada and Mexico apparently still have a positive outlook for the future despite the rising tensions between the countries with respect to the NAFTA agreement – negotiations to reset the… Read More ›
Hopes Of Exemption From Trump Tariffs High Within The EU
The risk of a trans-Atlantic trade war appears to be dying down because the there is a belief in the European Union that the Trump tariffs on steel and aluminum would not be imposed on it. According to media reports… Read More ›
French President Emmanuel Macron warns China against escalation in international trade wars
U.S. President Donald Trump is set to announce additional tariffs on China following an investigation into its trade policy and violation of U.S. intellectual property rights. On Thursday, the office of French President Emmanuel Macron told his Chinese counterpart Xi… Read More ›
Reckitt Benckiser Group withdraws from race to acquire Pfizer Inc’s consumer healthcare business
With Reckitt Benckiser out of the race, it is advantage GlaxoSmithKline Plc. Reckitt Benckiser Group, a British consumer goods group, has withdrawn from discussions with Pfizer Inc over buying its consumer healthcare business. According to sources familiar with the matter… Read More ›
Hefty Tax Bills Being Faced By Investors In Crypto Currencies
Experts are of the opinion that very soon taxes could be levied on the gains that traders and investors make from the trading of cryptocurrencies and with the highs that some of the digital currencies reach. Starting with less tan… Read More ›
EU firms scaling back their presence in UK
Lack of clarity on the UK’s long term relationship with EU is clouding supply chain decision-making beyond March 2019, the date the UK will formally break relationships with the EU. As per a survey, 1 in 7 business from EU… Read More ›
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