Demanding that Theresa May’s government make its positions on Brexit clear so talks can start making progress, in the space of a week, the European Union’s chief Brexit negotiator, Michel Barnier, issued his second stern warning to the U.K. “We can’t… Read More ›
Economy & Finance
Reports Say Western Digital, Foxconn In Talks With Toshiba For Chip Unit Purchase
As Toshiba Corp seeks to revive a stalled $18 billion sale of its chip business, banking sources said that the Japanese company is in talks with Western Digital Corp and Taiwan’s Foxconn, as well as with an already preferred bidder…. Read More ›
U.S. oil production balancing oil prices
If it weren’t for U.S. oil, crude oil prices should have touched $100 a barrel. As per a report from Barron’s, thanks to the heightened demand for oil, and reduced supplies from the Organization of the Petroleum Exporting Countries (OPEC),… Read More ›
In Steel Retaliation, EU Targets Kentucky Bourbon
In order to target for retaliation over Donald Trump’s plans to invoke national security concerns to limit steel imports, EU officials have begun assembling a list of US goods including whiskey, orange juice and dairy products. the tensions set off by… Read More ›
Tesla Has 100 Day Deadline To Deliver After Winning Giant Battery Contract In Australia
In what experts say will be a litmus test for the reliability of large-scale renewable energy Tesla Inc has won an Australian contract to install the world’s biggest grid-scale battery. In order to build the gigantic lithium-ion battery that will… Read More ›
Initial Demands Void, Vow More Measures – Four Arab States Leading Qatar Boycott
Proof of Qatar’s links to terror groups is perpetuated by Doha’s refusal of their demands to resolve a Gulf diplomatic crisis, said the four Arab states leading the boycott against Qatar said late on Thursday. The countries said that they… Read More ›
UK’s retail sector sees biggest jump in sales in 6 six years
The British economy seems a little confused if not undecided: while some retailers have reported a surge in their quarterly revenues some have warned of weaker profit outlooks. As per the results of a survey disclosed on Friday, in June… Read More ›
For The First Time, A Larger Quarterly Profit Than Apple Could Be Logged By Samsung
Samsung Electronics is likely to surpass that of Apple’s for the same quarter for the first time ever, as the company is set to record its highest ever quarterly operating profit, analysts said. The South Korean electronic giant will highlight what it… Read More ›
Tesla Given A Shock By Volvo’s Electric Shift
Tesla has been given a sudden shock by Volvo. The Sweden-based carmaker has said on Wednesday that it will shift to a variety of hybrid and all-electric models and it will stop producing new gasoline-only engines from 2019. But simply… Read More ›
Britain sets Brexit terms – wants frictionless trade
Does this amount to wanting to have the cake and eat it too? EU’s chief Brexit negotiator had earlier made it amply clear, once Britain leaves the bloc, frictionless trade is not possible. In the wake of the shock outcome… Read More ›