The ruling of a South Korean court ignited bilateral trade ties. Since then, relations have tread mostly southwards. On Monday South Korea announced, it plans on investing $6.48 billion (7.8 trillion won) in research and development for local materials, equipment… Read More ›
Strategy
Fox Corp acquires U.S. consumer lender Credible Labs Inc for $397 million
The acquisition has synergy with Fox Business and Fox Television Stations, given that Credible would benefit from access to the broadcast and entertainment giant’s huge audience. On Monday, Credible Labs Inc, a U.S. consumer lender disclosed, it has agreed to… Read More ›
UK Tourism Industry Gaining Because Of Weak Pound
According to the latest figures from United Kingdom, there has been an almost a fifth increase in the number of tourists visiting the UK from China this summer. There was also a 6 per cent year on year increase in… Read More ›
Recent Trump China Tariffs Turns US Retail Industry Fears Into Reality
The announcement of a 10 per cent import tariff on the remaining $300 billion worth of Chinese imports by the United States president Donald Trump has seen retail stocks lose value significantly. The plight of the retailers was spoken about… Read More ›
Sale Plunge Forces Cuts Of Temporary Jobs At India’s Biggest Carmaker Maruti Suzuki
The Indian auto industry makes up almost half of the manufacturing output of India and it is facing a slowdown that has not been seen in the past almost one decade. Sale of vehicles has fallen sharply wand there are… Read More ›
Trump’s Latest Tariffs Will Be Retaliated Adequately, Says China
The sudden decision by United States president Donald Trump to impose a 10 per cent import tariffs on the remaining $300 billion of Chinese imports into the country will be fought back by China, authorities said on Friday. The sudden… Read More ›
Boris Johnson’s wafer-thin majority now on a sticky wicket
pro-European Union Liberal Democrats have won a parliamentary seat from Brecon and Radnoshire. On Friday, In a development that marks the first blow to British Prime Minister Boris Johnson after taking office, Britain’s pro-European Union Liberal Democrats won the parliamentary… Read More ›
U.S. to impose 10% additional tariffs on $300 billion Chinese goods
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 ›
FRC levies 3.5 million pounds on accounting firm KPMG
KPMG will have to increase its due diligence on meeting auditing standards. In a development that yet again highlight the poor performance of accounting firm KPMG, Britain’s accounting watchdog has levied a fine of $4.24 million on KPMG for failing… Read More ›
BMW to shift production in case of cliffhanger Brexit
BMW could relocate production of the Mini from Oxford to Netherlands, in case of a no-deal Brexit. In a significant development, BMW’s Chief Executive Harald Kruege disclosed, it could relocate more of its production facilities of its Mini to a… Read More ›