ByteDance, the Chinese owner of the social media app TikTok, is trying to separate the app from its other Chinese businesses and operations as the app has come under pressure after an inquiry into the safety of the personal data… Read More ›
Sustainability
Trade deal with UK to be a priority post-Brexit: Michel Barnier
Michel Barnier, the European Union’s Brexit negotiator, has told EU lawmakers that he will make Britain’s new trade deal with the EU a priority after Brexit, said a report from the Financial Times citing sources briefed on a closed-door meeting…. Read More ›
Great Debut Made By Alibaba At Hong Kong Stock Exchange
One of China’s most prominent tech companies Alibaba Group recorded strong debut at the Hong Kong stock exchange as its shares rose by almost 7 per cent. At the end of the first day of trading the stocks of the… Read More ›
Fitch Predicts Drop In 2019 Global Car Sale To Be Greater Than 2008 Recession
The fall in growth of demand for cars in the crucial markets of the United States and China will result in the global rate of growth of the car industry dropping to its most year-on-year in 2019 since the global… Read More ›
One Of The Largest Brokerage Firms To Be Created By Acquisition Of TD Ameritrade By Charles Schwab
A new brokerage giant will be created by the merger of Charles Schwab Corp and TD Ameritrade Holding Corp with the former acquiring the later in an all-stock deal that has been valued by the companies at $26 billion. The… Read More ›
New Consumer Staples For Chinese Consumers Are Luxury Goods, Says Funds Manager
According to Raphael Pitoun, portfolio manager at CQS New City Equity The new consumer “staples” for Chinese consumers are luxury goods. The experience that LVMH has gained from establishing the Bulgari brand internationally will help the company in leveraging the… Read More ›
Top U.S. China trade negotiators hold phone call on preliminary phase one deal
On Tuesday, as per a statement from China’s Commerce Ministry, top trade negotiators from the United States and China have held a phone call to try and hammer out a preliminary “phase one” trade deal. Chinese Vice Premier Liu He… Read More ›
Israeli exports surged to a record $114 billion in first 9 months of 2019
According to government data from Israel, exports, a key economic growth driver, are expected to grow to a record $114 billion in 2019, up from $109 billion in 2018. According to a statement from Israel’s Central Bureau and Statistics and… Read More ›
Billionaires Lost $388 Billion In 2018 After 5 Years Of Growth
A new report from the Swiss bank UBS and auditing firm PwC shows that in 2018, there was a 4.3 per cent or $388 billion drop in the collective wealth of the billionaires of the world after increasing for straight… Read More ›
OECD Warns Drop In UK Growth To 1% In Case Of No-Deal Brexit
According to the estimates of the Organisation for Economic Development and Cooperation (OECD), is there is a no-deal Brexit, the economic growth and the growth in the GFP of the United Kingdom will drop to 1 per cent for next… Read More ›
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