Trump is determined to fix China’s trade relationship with the U.S., an issue that he has railed against for years, long before he even stood for the U.S. Presidency. Although U.S. President Donald Trump’s “America First” policy has angered many… Read More ›
United States
Huawei’s cheap 5G equipment come with massive security implications
Apart from the asymmetry between the access that Chinese firms enjoy in foreign markets and the access China provides foreign companies in its markets, the real threat to national security is that China’s 2017 cybersecurity law obliges and forces citizens… Read More ›
U.S. Transportation Department investigating Boeing 737-8 MCAS
The Transportation Department’s probe is focusing on whether the FAA used appropriate design standards and engineering analyses in certifying the aircraft’s anti-stall system. According to a report by the Wall Street Journal citing sources familiar with the the matter at… Read More ›
Russia shrugs off U.S. boycott threat of its International Economic Forum
Foreign investors, including U.S. companies, are nervous over the arrest by U.S. investor Michael Calvey by the Kremlin. On Tuesday, Russia downplayed the risks of a possible boycott by U.S. companies of the Kremlin’s International Economic Forum over the arrest… Read More ›
China’s trade surplus in February much lower than forecast
According to analysts, there are multiple factors, including an internal clampdown on riskier lending practices, slowdown in global economy and U.S. trade action, because of which the Chinese economy is cooling down. \ In February 2019, in what is possibly… Read More ›
Intesa Sanpaolo eyeing to sell $11 billion in impaired loans
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
Donald Trump will accept only perfect U.S-China trade deal: Mike Pompeo
The statement by U.S. Secretary of State Mike Pompeo essentially sets the stage for the forthcoming U.S.-China trade summit. In a media interview, U.S. Secretary of State Mike Pompeo made it lucidly clear that U.S. President Donald Trump will reject… Read More ›
Arne Sorenson, Marriott International Inc’s CEO to testify before U.S. Senate
In what is the biggest ever hack of a hotel reservation system to date, hackers had managed to breach Starwood hotels’ reservation system and managed to steal personal information, including passport and credit card numbers of 383 million customers. Arne… Read More ›
U.S.-China trade deal possible during summit: WSJ
Trump has made it clear that unless he is satisfied with the terms of the trade deal, he will walk away from it. As per a report from the Wall Street Journal, high level negotiations between U.S. President Donald Trump… Read More ›
HSBC’s internal investigation uncovers Huawei’s financial ties to Iran and Syria
This is the first time HSBC’s internal probe has been made publicly available. As per an internal probe by HSBC Holdings PLC into Huawei Technologies’ dealings with a suspected front company in Iran found that China’s Huawei maintained close financial… Read More ›