According to research data, in the first seven months of this year, a record £5.5bn in foreign investment was attracted by the tech industry of the United Kingdom. The Department of Digital, Culture, Media and Sport said that the investment… Read More ›
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Tariffs Not Effective To Set Trade Imbalances Right, Says IMF
While it could be tempting to implement a strategy to make Chinese imports cheaper by making the US dollar stronger so that the higher costs because of the United States sanctions are offset, the global presence of the US dollar… Read More ›
Huawei In ‘Battle Mode’, Says Founder; Reforms Highlighted In Wake Of US Crisis
Founder of Chinese tech giant Huawei Ren Zhengfei said that the company is faced with a “live-or-die moment” because of the United States export curbs and hence to tackle the situation, company would be spending more on production equipment this… Read More ›
US Should Not Attempt To Seize Its Supertanker Anymore, Warns Iran
A warning to the United States of not trying to seize its oil tanker in the mid seas after being released from Gibraltar was given by Iran. According to shipping data, the oil tanker in question was moving towards Greece… Read More ›
Bjorn Rosengren steps down as CEO of Swedish engineering group Sandvik
Bjorn Rosengren will be joining Swiss-Swedish robotics and engineering group ABB Ltd as CEO in February 2020. Swedish engineering group Sandvik stated, its Chief Executive Officer Bjorn Rosengren will be stepping down from 2020; he will be joining Swiss-Swedish robotics… Read More ›
Most Should Get Off Facebook, Recommends Apple Co-Founder
Most people should get off Facebook, recommended Apple co-founder Steve Wozniak. This was reportedly said by the 68-year-old engineer and entrepreneur to TMZ in Washington D.C. “There are many different kinds of people, and [for] some, the benefits of… Read More ›
As Latest Trump Tariffs Set To Be Imposed, Analysts Look For Signals Of Consumer Pressure
Investors in the United States and elsewhere would be keeping a close watch on the quarterly results of US retailers that would start coming starting next week as well as the release of key consumer sentiment and retail sales data,… Read More ›
Indonesia-EU Trade Dispute Could Be The Next Trade War
While the global markets, economists, investors and analysts are busy closely watching the developments of the trade war between the United States and China, there is another potential trade war that is brewing the European Union and the commodity giant… Read More ›
Latest US Sanctions Against Venezuela Criticized By UN Human Rights Head
The sanctions by the United States against the South American country Venezuela has been severely criticized by the heads of the United Nations Human Rights. The latest sanctions have been called as “extremely broad” and they have the potential to… Read More ›
Shrinkage In UK Economy – First Since 2012
There is shrinkage in the United Kingdom economy in for the first time in almost seven year and it could be pushed into a recession because of Brexit. The Office for National Statistics said Friday that there was a contraction… Read More ›