If there is no deal between the United Kingdom and the European Union before the Britain leaves the block, UK consumers could go for weeks, or even months without some of their favourite fresh foods, warned UK’s food and drink… Read More ›
Entrepreneurship
Energy prices set to fall by 75 pounds a year in Britain
From October 1, 2019 onwards energy prices in Britain are set to fall following a drop in wholesale power and gas prices. On Wednesday, in a significant development Britain’s energy regulator informed suppliers that they should lower their price cap… Read More ›
Thieves steal gold coins worth $2.5 million from Mexican government coin manufacturer
This was the second such robbery in the same branch, with the robbers walking away after having filled a backpack with 1,567 centenarios worth $2.5 million. According to Mexican security officials, armed robbers have managed to break in to a… Read More ›
China to lift import tariffs on limited agricultural products
On August 6, 2019, China had stated it would stop importing U.S. agricultural products. It now plans on lifting import restrictions on a limited number of items. On Wednesday, China’s Ministry of Commerce stated, it plans on removing import tariffs… Read More ›
Britain looking to seal trade deal with the United States after Brexit
A trade deal with the United States, located in another continents, is likely to be more expensive than one with its neighbor across the pool. On Wednesday, British Foreign Secretary Dominic Raab praised U.S. President Donald Trump and mentioned that… Read More ›
Talks For A Minority Stake In Universal Music Group Ongoing With Tencent
The global music industry is possibly the next stop for the Chinese tech company Tencent. It has been reported that the Chinese firm is in the process of negotiations with Universal Music Group (UMG) for a 10 per cent stake… Read More ›
Air China suspends Beijing-Hawaii air route
The development comes in the backdrop of an escalating trade wat with the United States. In a development that marks China once again resorting to using tourism as a weapon in the ongoing U.S.-China trade war, Air China, Beijing’s flagship… Read More ›
Jezz Bezoz sells 990 million Amazon.com Inc’s shares, makes $2.8 billion
Jeff Bezoz had earlier stated, he would be selling stock every year to fund Blue Origin. As of last Friday, Amazon.com Inc’s Chief Executive Officer Jeff Bezos has sold $990 million worth of shares in the company and made a… Read More ›
U.S. trade action on China hits home – Renminbi falls to new low
As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
HSBC second quarter profits rise by 15.9%, announce share buyback of $1 billion
While analysts’ had expected it would return some of its profits through dividends, HSBC has stuck to its strategy of share buyback. On Monday, HSBC reported its second quarter results. Its first-half pretax profits have risen by 15.9%. HSBC has… Read More ›
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