The move underscores Trump’s intent to not incentives Chinese strategy of tiring opponents through unproductive never ending negotiations. U.S. President Donald Trump made it lucidly clear to Chinese President Xi Jinping that the United States will not backdown from China’s… Read More ›
Geopolitics
US Tariffs On China Backfiring On US, Says Former Adviser To Trump
According to the former chief economic adviser of the United States president Donald Trump, the US economy is being affected by trump’s trade war with China and the import tariffs imposed by both countries on a wide range of each… Read More ›
Samsung Q2 Profits Fall 56%, Warns Of ‘Challenges’ Ahead In Chip Business
A global price decline for its memory chips and consequently revenues apparently has caused a 56 per cent drop in the second quarter operating profits for the biggest smartphone maker of the world and the South Korean tech giant Samsung…. Read More ›
Huawei Sees Trouble Ahead Despite Revenue Rise
Despite the ban on it by the United States government which prevented the Chinese telecom and tech giant Huawei from accessing products form a host of its suppliers in the US, the company has reported a sharp increase in its… Read More ›
Trump target China’s ‘developing nation’ at the WTO
How can China be a developing nation when its GDP is the second largest in the world ? In a development that will have major repercussions on the Chinese economy, U.S. President Donald Trump has pressed the World Trade Organization… Read More ›
Signals Of Future Rate Cut Given By ECB And Hints And More Monetary Easing
Hints about implementing more easing measures for the economy was dropped by the European Central Bank (ECB) especially targeted for the markets on Thursday which resulted in the euro dropping to a two year low against the dollar for a… Read More ›
A Sluggish Global Economy Could Get Even Worse Due To Trade Conflicts, IMF Says
The latest outlook from the International Monetary Fund about the prospect of the global economy states that growth in the world economy is still sluggish and a bouncing back of it is not assured even in 2020. That forecast was… Read More ›
EU will retaliate if US slaps tariffs on EU car exports
The EU has made it lucidly clear that it will retaliate with $39.1 billion of U.S. goods if Washington was to go ahead with its threat to impose tariffs on EU car exports. In a warning to Washington, the European… Read More ›
Bank of England will have to be flexible and fast in responding to Brexit
Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›