In a statement U.S. President Joe Biden said, the United States would ban the import of Russian crude oil as well as other energy imports in retaliation to its invasion of Ukraine. “We’re banning all imports of Russian oil and… Read More ›
retaliation
Fallout of Russian invasion of Ukraine spreads to global aviation industry
The fallout of Russia’s invasion of Ukraine has spread to the global aviation industry with two more European countries banning Russian carriers and the European Union saying it would restrict the exports of aircraft parts. Virgin Atlantic and British Airways… Read More ›
EU to broaden sanctions on Belarus on Monday
In a statement the European Union’s foreign policy chief Josep Borrell said, on Monday EU foreign ministers will widen sanctions on Belarus to include airlines and travel agencies involved in bringing migrants to the bloc’s border. The EU has accused… Read More ›
Activision Blizzard fires 20 employees, 20 more facing disciplinary action
In a statement Activision Blizzard Inc said, it had fired more than 20 employees following allegations of discrimination and sexual harassment at the workplace; 20 more individuals are also facing some forms of disciplinary action. In a letter to employees, Activision… Read More ›
Activision Blizzard settles discrimination, sexual harassment claims with Equal Employment Opportunity Commission
In a statement videogame publisher Activision Blizzard along with the U.S. Equal Employment Opportunity Commission (EEOC) said, they have agreed to settle claims over sexual harassment and discrimination in the company’s workplace. Under the agreement, Activision has committed to create a… Read More ›
Hershey Co files lawsuit against cookie maker Cookie Department Inc in Hershey’s Kisses dispute
Cookie Department Inc, a cookie maker based out of California has sued Hershey Co for the right to keep using a stylized chocolate chip teardrop on its packaging, following Hershey complained that it looked too familiar with its famous Hershey’s… Read More ›
Tariffs are “legitimate tool” for U.S. trade policy: USTR
In a statement U.S. Trade Representative Katherine Tai said, she plans on continuing to maintain threat of U.S. tariffs on goods from Britain, India, Austria, Spain, Italy and Turkey in retaliation to their digital services taxes. She went on to… Read More ›
U.S. would lose multiple front trade war: ECB study
The ECB’s simulation shows the U.S. will have bear the full brunt of the trade war, if Trump were to engage in it with more than a one country. In March Trump had said, trade wars were “… an easy… Read More ›
Trade tensions keeping FX market in a boil
Investor appetite in commodity-linked currencies is thin midst the series of body blows from the U.S. that is acting as shock waves to global trade. On Monday, a rally in the Euro gave way to the dollar, which edged up,… Read More ›
U.S. Dollar touch 11 month as trade feud escalates with China
Although previous protectionist efforts by the U.S. have weakened the dollar, Trump’s trade war rhetorics have, contrary to expectations, strengthened the dollar against a basket of major currencies. With U.S. President Donald Trump threatening to impose 10% tariffs on $200… Read More ›
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