While the due diligence will decide the fate of GM Korea, already 2,500 workers, amounting to nearly 15% of the plant’s staff, have opted for a redundancy package, as part of a strategic restructuring. On Monday, an official from South… Read More ›
Regulations & Legal
Massive Cyber Hack Forces Crackdown On Cryptocurrency Exchanges By Japan
Following a recent cyber heist of $530 million in Japan that has once again shaken the world of cryptocurrency, trading was halted at two cryptocurrency exchanges forcefully by the authorities in Japan as a part of its crack down on… Read More ›
Britain based financial services likely to have limited market access to EU’s single market regime
The services of London-based financial services, including funds, banks and insurers are likely to be capped in their access to EU’s single market regime. Bloomberg has reported, citing a draft document, that the European Union plans on providing British-based financial… Read More ›
EU readies duties salvo to Trump’s import duty broadside
The European Commission has readied a list of U.S. products which could see a rise in import duty if the U.S. Administration delivers on its threat of imposing 10% import duty on EU aluminum and 25% import duty EU Steel…. Read More ›
Creditors to sue Etihad over Air Berlin’s insolvency: source
Creditors are of the opinion that Etihad, Air Berlin’s parent, should have taken care of its issues such that it need not have gone to administration. As per a source close to the matter at hand, Air Berlin’s creditors are… Read More ›
Lobbyists, business groups and farmers urge Republican lawmakers to vote against higher import tariffs on steel and aluminum
Although the reasons why the U.S. Administration is pushing for higher import duties on steel and aluminum may be justified, it will have to time the imposition of tariffs since trade wars and higher import tariffs don’t gel well in… Read More ›
Businesses will be able to avail of lower import tariffs
Peter Navarro, director of the White House National Trade Council, has clarified that the Trump Administration’s imposition of stiff trade tariffs will include exceptions for businesses for lower import tariffs on aluminum and steel. A top trade adviser to U.S…. Read More ›
Trump’s proposed steel tariffs complicates NAFTA negotiations
The business of manufacturing cars in North America for North Americans is going to be an expensive affair, post Trump’s steel tariff hike. Negotiators working to rework the NAFTA trade deal were caught off-guard by U.S. President Donald Trump’s proposal… Read More ›
Imposition of stiff import duties on aluminum and steel would significantly raise prices of U.S cars and trucks: Toyota Motor Corp
U.S. tariffs on imported aluminum will not only see a cost increase ripple through supply chains of carmakers but also risks retaliation from major partners. On Friday, Japan’s Toyota Motor Corp stated the imposition of stiff tariffs on imported aluminum… Read More ›
Bankruptcy of Nirav Modi’s Firestar Diamond in the U.S. draws early interest from potential buyers
Firestar Diamond and its affiliates had shown around $90 million in annual sales in the previous year. Its bankruptcy filing documents reveal some interesting tidbits including its corporate structure and the fact that it is talking with lenders for debtor-in-possession… Read More ›
manageria.biz 