Clearly not amused by Trump’s escalation of the trade war, China’s state-owned media tabloids have a positive stance that tries to exploit the trade war to Beijing’s advantage. It is to be seen whether China is willing to walk the… Read More ›
industry
Donald Trump fires fresh salvo at China, imposes 10% tariffs on Chinese imports worth $200 billion
In a strategic move aimed at positioning itself in a stronger position during negotiations, U.S. President Donald Trump has imposed a 10% tariff on Chinese exports to the U.S. for goods worth $200 billion. The tariff is applicable to the… Read More ›
Green industry can add more than $26 trillion to the world economy by 2030
In a study aimed at putting the nail in the coffin of the perception that a low-carbon economy would be costly, the study concluded that moving to renewable energy sources could significantly boost the global economy. According to the results… Read More ›
Superyacht industry propelling Netherlands’ economy forward despite global woes
With demand exceeding supply, the Dutch yacht building industry is seeing a new high. Continuing its maritime tradition and on the back of technical superiority stemming right from the 17th century, which is also known as the Golden Age, the… Read More ›
Cigna Corp overpaying for acquiring Express Scripts Holding Co: Carl Icahn
The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›
British auto industry will face significant disruption in case of a cliff-edge Brexit
The Society of Motor Manufacturers and Traders (SMMT) has made it amply clear to the British government that a no-Brexit deal is not an option. On Tuesday, Britain’s automobile industry group made it lucidly clear to the government that a… Read More ›
Slapping tariffs on car & car parts exports will only harm U.S. auto industry by $294 billion: EU
A hike in tariffs on EU’s automotive exports to the U.S. will not only impact the U.S. GDP by $13-$14 billion and bring no improvements to its current account balance it will also cost the United States 120,000 jobs. Slapping… Read More ›
Daimler sees its 2018-2019 profit dip due to U.S.-China trade tensions
Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›
China’s Volvo Cars plant in South Carolina caught in tariff wars
The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›
U.S. Supreme Court legalizes sports bettings
The market for legal sports betting could range between $1.2 billion and $57.6 billion of total wagers, with proceeds for gaming operators between $62 million and $2.9 billion. With the U.S. Supreme Court paving the way for U.S. states to… Read More ›
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