While a decision to drive down crude inventories “gently” has been taken by consensus among OPEC and allied oil producers, Saudi Arabia would also be responsive to the demands of what is being described as a fragile market, said the… Read More ›
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World Economic Outlook Could Be At Risk Due To US-China Trade War: IMF’s Lagarde
The International Monetary Fund is still very concerned about the trade war that is being ongoing between the United States and China. The Managing Director of the world body Christine Lagarde, told the international news agency Reuters during a visit… Read More ›
Trade Negotiation Should Be On Equal Basis, China’s Wang Tells US’s Pompeo
According to a statement issued by the Chinese Foreign Ministry, Chinese Foreign Minister Wang Yi has told the United States Secretary of State Michael Pompeo in a phone call that the only way to find a solution to the ongoing… Read More ›
Steel, Aluminum Tariffs On Canada And Mexico Removed By Trump
In the efforts of encourage the lawmakers of Mexico and Canada to quickly ratify the new North American trade deal, the U.S. will lift steel and aluminum tariffs on the two trade partners, said the United States President Donald Trump…. Read More ›
Microsoft And Sony To Jointly Work On Gaming, Chips And AI
Japanese tech company Sony Corp would not make use of Microsoft Corp’s cloud services for streaming of its games and media according to a new agreement on partnership struck between the two companies. The new strategic agreement also opens up… Read More ›
Slowing Global Economy To Drive Growth Of Pre-Owned Business Jets: New Report
The anticipated softening of the global economy in the next few years would present an opportunity of significant growth for trade in pre-owned business jets which would surpass the deals in new plane deals by four-to-one. This prediction was made… Read More ›
Its Own Decision On 5G & Huawei Would Be Taken By UK
The decision of whether or not to include the Chinese telecom giant Huawei in its construction of 5G network in the country would be taken by the United Kingdom and the decision would not be influenced by outside forces. The… Read More ›
Brexit Preventing People From Holidaying, Says Thomas Cook
There would be further headwinds for the rest of year, warned the travel firm Thomas Cook as it also reported a loss of £1.5bn for the first half of the current year. The company said that the company now had… Read More ›
Trump’s Move Against Huawei To Be Retaliated, Warns China
China would undertake the required measure to protect the interests of its companies and businesses, said the country in retaliation to the decision of the United States to ban American telecom from using equipment and technology from the Chinese telecom… Read More ›
US Shopper Will Face Higher Prices Due To Increased Tariffs, Warns Walmart
The higher tariffs imposed on goods from China would result in increased pricves for shoppers, said the world’s largest retailer Walmart Inc on Thursday. This warning was issued by the company even as it reported the best comparable growth in… Read More ›