Pro democracy protesters of Hong Kong will no longer be able to down load a real-time mapping app used by them for tracking police movements on iPhones. Apple said in a statement that there were complaints received by it from… Read More ›
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SoftBank’s Masayoshi Son Considers Change In Investment Strategy For Vision Fund 2
According to reports, the investment strategy for investment for the Vision Fund of SoftBank is being contemplated to be changed by the Japanese investment company’s CEO Masayoshi Son and wants to focus more on companies that have established and very… Read More ›
Japan Implements Sales Tax Hike Despite Fears Of Hit On Consumer Spending
Despite concerns that increasing sales tax would have an adverse impact on the domestic economy, Japan has stuck to its earlier announcement of increasing consumption tax on goods for the first time in the last five years. The decision had… Read More ›
Jobs And Global Living Standards Threatened By Tariffs, WTO Says
While slashing its forecast for growth in global trade for the entire of 2019, the World Trade Organization also issued a warning against a threat to loss of jobs and a drop in living standards because of the outbreak of… Read More ›
‘Risk Of Further Attacks’ Forces Fitch To Downgrade Credit Rating Of Saudi Arabia
The latest geopolitical risks in the Gulf and Middle East and increasing concerns about the safety and security of the economic infrastructure of Saudi Arabia has forced major ratings agency to bring down a notch the generally strong credit rating… Read More ›
US-EU Trade Tensions Could Aggravate By Record US Tariff Award On Airbus By WTO
It is expected that the United States will be awarded a record allowance by global arbiters later this week which will allow the US to impose import tariffs on goods from Europe worth billions of dollars in connection to the… Read More ›
Responsibility For No-Deal Brexit To Fall In The UK, Says EU’s Juncker
Everything that is possible is being done by the European Union’s chief Brexit negotiator Michel Barnier and the European Commission President Jean-Claude Juncker but the responsibility of a no-deal Brexit would rest on the United Kingdom, said Juncker . The… Read More ›
Billions Lost In WeWork And Uber By Japan’s SoftBank
Japanese investment conglomerate SoftBank has been investing heavily through the $100 billion Vision Fund in the global tech industry and Silicon Valley, in companies such as Uber, Slack and WeWork. However following the IPO debacle of WeWork and the removal… Read More ›
New IMF Head Says Global Economy Should Prepare For A Fresh Downturn
The new head of the International Monetary Fund (IMF), Bulgaria’s Kristalina Georgieva, has said that the global economy should be prepared to handle another fresh round of economic downturn. She has been chosen to head the Washington-based organization amid a… Read More ›
Agriculture Focused Initial Trade Deal Struck Between The US And Japan
An initial agreement on trade and tariffs has been agreed upon by the United States and Japan that will either completely remove or bring down the rate of tariffs on some products identified in the deal that are exchanged in… Read More ›
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