The state attorney generals of 40 states have joined the probe. Among the areas under scrutiny will be Equifax’s response to the hacking incident. In the wake of the massive hacking incident at Equifax Inc which resulted in the exposure… Read More ›
China
Kia Motors hires Pierre Leclercq as its lead designer
Leclercq has worked earlier for a Chinese company, and he knows the kind of designs the Chinese prefer. In a move aimed at reversing its fortunes in China, Kia Motors Corp has hired former BMW designer Pierre Leclercq as head… Read More ›
For a second time in a row Hyundai Motor suspends production at its factory in China
South Korean companies are facing a backlash from China over Seoul’s decision to deploy THAAD missile defense system that China sees as threat to its national security. In a significant development that reveals China hidden hands as it moves to… Read More ›
North Korea seen moving rocket at night in preparation for an ICBM launch from its west coast
While China, its main ally, has called for a peaceful resolution to the crisis it has yet to play any significant role in defusing the situation. It has instead started levying economic costs on South Korean companies. On Tuesday, South… Read More ›
The Japanese Yen and the Euro are rising against the USD following Pyongyang’s testing its nuclear device
Although North Korea’s move have seen many investors moving to Japanese assets, many investors worry that in the event of an actual war, these very assets may lose their shine. With North Korea raising the ante, gold, the Japanese yen,… Read More ›
No reason to doubt North Korea’s testing of an advance hydrogen nuclear device: U.S. intelligence official
A thorough analysis will determine the type of device used as well as its blast radius. According to U.S. intelligence official there is no reason to doubt that North Korea had tested an advanced nuclear device. “We have nothing… Read More ›
Joint military drills by South Korean & U.S. military reinforces confidence in region
Markets across the world have fallen due to North Korea’s missile launch. As per South Korea’s Yonhap news agency, top South Korean and U.S. military officials have agreed to make a strong response to North Korea’s latest ballistic missile… Read More ›
Uneasy China tries to appease U.S. concerns on its export of cheap steel
The Trump Administration has twice rejected Beijing appeal to cut steel overcapacity by 150 million tonnes. The Financial Times has reported citing sources familiar with the matter, U.S. President Donald Trump has rejected a Chinese proposal to cut steel overcapacity… Read More ›
The United States begins upgrading and replacing its ageing missile deterrence systems
The move, which is expected to cost the U.S. nearly $1 trillion over the next 30 years. Comes midst the Trump Administration’s drive to overhaul and boost the defense industry of the country. In a significant development the Pentagon has… Read More ›
Chinese state backed China Unicom reports misleading fund raising figure, opens Pandoras Box
Although the misrepresentation has been quickly dismissed by China Unicom Hong Kong Ltd as a technical issue, the fact that China Unicom has the full support and backing of the Chinese state, it puts into doubt the veracity of the… Read More ›
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