The news report by South Korea’s Joongang Ilbo newspaper follows U.S. President Donald Trump’s visit to Seoul. On Thursday, a South Korean newspaper reported that the country plans on buying an additional 20 F-35A stealth fighter aircrafts from the US…. Read More ›
United States
A brief outlook on the impact of the U.S. tax code on Apple Inc
Analysts opine, the revised repatriation rules are likely to be the pivot in Apple’s cash strategy. With the U.S. Congress passing the Republican-led tax overhaul bill, one of Apple’s long standing goal of repatriating $252.3 billion in foreign cash without… Read More ›
China allowing tourism in North Korea through its border cities with its ally
Thanks to Chinese tourists North Korea earns $44 million a year in foreign currency. According to tourism sources, Chinese tourists are still visiting Pyongyang from China’s border city Dandong. The development is despite apparent unofficial halting of such tours, just… Read More ›
Here’s how the U.S. industry is going to benefit from the tax overhaul
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
U.S. taxpayers rush to file their tax returns before December 31, 2017
With the Republican-led U.S. tax overhaul slated to successfully pass through the U.S. Congress by this week, taxpayers and accountants are working overtime to optimize the impact of the revised U.S. tax code on their tax profile. With the Republican… Read More ›
Trump’s new national security strategy identifies China as its main competitor
China’s trade practices, especially its over production and dumping policy, which has increasingly drawn flak across major economies including the EU, India and U.S., is likely to face further hurdles and heightened scrutiny. On Monday, with U.S. President Donald Trump… Read More ›
U.S. moves to protect Taiwan, brushes off Chinese protest
The development underscores U.S. efforts at bolstering Taiwan’s independence and securing its economy, the 7th largest in Asia, from Beijing, which has laid claims on the island as its own. Given the geopolitical scenario in the Korean peninsula, the development… Read More ›
Delegation from Russia’s defense minitry lands in Pyongyang
Having demonstrated its military prowess by largely wiping out the foes of Syrian President Bashar al-Assad and with the U.S. tasting limited success in its aims to engage North Korea’s leadership, Russia is once again flexing its diplomacy-backed military muscles… Read More ›
France’s Unibail-Rodamco acquires Australia’s Westfield Corp for $24.7 billion, including debt
The combined company has properties strategically located in 27 of the world’s most alluring retail markets. In what is said to be the biggest takeover of an Australian company to date, France’s Unibail-Rodamco has agreed to acquire shopping mall owner… Read More ›
Leaving behind its 2015 diesel emission sandal, VW pushes for personal transport services
This strategic move marks Volkswagen’s push into transportation as a service. On Monday, in a strategic move, Volkswagen has unveiled an all-electric minibus which targets urban customers who prefer to pay for transportation rather than own their own vehicles. The… Read More ›