One of the major players in the electric car industry in China – BYD, reported an astounding 89 per cent drop in net profit for the most recently ended quarter. This resulted in the shares of the company dropping by… Read More ›
Geopolitics
LVMH In Negotiations For Purchase Of Iconic Jeweller Tiffany
Preliminary discussions to buy United States jeweller Tiffany & Co have been held by the French luxury conglomerate LVMH, it confirmed recently. “There can be no assurance that these discussions will result in any agreement”, LVMH said in a statement… Read More ›
U.S.-China close to finalizing Phase One deal
According to China trade experts, the completion of the Phase One deal is likely to provide little incentive for Beijing to negotiate any further, given the approaching U.S. presidential election in 2020. According to U.S. Trade Representative’s office and China’s… Read More ›
South Korea ready to give up its developing country status at WTO
While this will come into effect during future negotiations, it is to be seen how this will impact its agricultural sector. On Friday, in a statement South Korea’s finance minister stated, given its enhanced economic status, it is ready to… Read More ›
The UK will leave the EU with Johnson’s deal: Downing Street source
The assertion from Downing Street comes at a time when there is increasing speculation of an election before Christmas. As per a senior source from Downing Street, the UK will ultimately leave the European Union on terms set out by… Read More ›
U.S.-EU trade negotiations on the horizon
In an interview to the Financial Times, U.S. Commerce Secretary Wilbur Ross hinted at the possibility of negotiations with the European Union as an alternative approach to imposing tariffs on automotive and automotive parts. On Wednesday, in an interview to… Read More ›
The United Kingdom’s economic fate hangs in the balance as British parliament faces 2 crucial votes
Boris Johnson, who has been the face of the 2016 referendum campaign, now faces an unenviable position of keeping his “do of die” pledge and ensuring Brexit in just 9 days. Defeat in either of the two votes places him… Read More ›
Violent Chliean Protests Over Wealth Inequality Kills Seven, Businesses Disrupted
Protests that started to oppose the Chilean government’s decision to scrap government subsidies in the public transport system turned violent over the last two days with the death of five people following a garment factory being set on fire by… Read More ›
2019 Global Growth To Be Lowest Since 2008-09 Financial Crisis, Says IMF
The International Monetary Fund has warned that the pace of global growth for 2019 will be the slowest since the 2008-2009 financial crisis because of the ongoing trade war between the United States and China. It also added that tits… Read More ›
Analysts Say Global Economy Could Be In A Growth Recession
Some economists fear that a recession could hit the American economy. Those worries are exacerbated by the memories of the last financial crisis because the financial crisis was unfolding furring the last global recession in 2008. Businesses had shut down,… Read More ›
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