DHL: Significant Downturn in World Trade

DHL: Significant Downturn in World Trade

A new quarterly report from logistics company DHL, measured global air and sea cargo trade volumes between March and June, found trade data continues to deteriorate in the US and China as there is still no resolution to end the trade war, reported...
read more
Trump Slaps 400% Tariff On Vietnamese Steel

Trump Slaps 400% Tariff On Vietnamese Steel

President Trump accused Vietnam of being “almost the single worst abuser of everybody” and asserted that “Vietnam takes advantage of us even worse than China.” This sudden turn in Trump’s rhetoric contrasted with the praise he off...
read more
Walkman Turns 40

Walkman Turns 40

The First Sony Walkman Was Released 40 Years Ago Today. On July 1 of 1979, Sony first began to sell the TPS-L2, first known as the Soundabout and soon rebranded as the Walkman. This original Walkman wasn’t the first portable...
read more
Hinduja-Etihad consortium gearing up for Jet Airways bid

Hinduja-Etihad consortium gearing up for Jet Airways bid

Also Tata’s, Qatar Airways in exploratory mode. After failed negotiations earlier with multiple suitors, the SBI-led consortium decided to take Jet Airways to the bankruptcy court on June 17 and on June 20, the National Company Law Tribunal (NCLT) admitt...
read more
Carrefour prepares to exit China

Carrefour prepares to exit China

Carrefour prepares to exit China, sells 80% stake to Suning. Carrefour has announced that it’s selling 80% of its China operations to Chinese retail giant Suning for 4.8 billion yuan ($700 million). The French supermarket giant retains two of seven seats...
read more
Huawei Demands Verizon Pay $1 Billion For Using 230 Patents

Huawei Demands Verizon Pay $1 Billion For Using 230 Patents

Huawei has hit upon a new strategy for fighting back against the US: leveraging its massive suite of technology patents to try and force American competitors to fork over billions of dollars. And its first target is Verizon, one of its biggest American...
read more
China Unveils 600 km/h Maglev Train

China Unveils 600 km/h Maglev Train

Maglev is train levitating on magnetic field created by electromagnets in rail and China’s state train maker recently unveiled the first prototype of a new maglev train capable of speed 600 kilometers per hour. China Railway Rolling Stock Corporation (CRRC)...
read more
IndiGo, the low-cost conqueror, is coming for Emirates

IndiGo, the low-cost conqueror, is coming for Emirates

The world’s largest airline by international passengers hit an air pocket in the 12 months through April, with net income falling by more than two-thirds to its lowest level since 2002. On the far side of the Arabian Sea, meanwhile,...
read more
IMF: Importing US firms and consumers paying for Trump’s trade war

IMF: Importing US firms and consumers paying for Trump’s trade war

IMF experts findings contradict President Trump’s claim that China is footing the trade-war bill. Companies in the U.S. are paying almost all the costs from Donald Trump’s tariffs on Chinese imports, IMF researchers said in findings that dispute th...
read more
Huawei CEO: Company’s own OS will run Android apps

Huawei CEO: Company’s own OS will run Android apps

Richard Yu – Huawei CEO, has reportedly said that his firm will roll out its own operating system that will support Android apps, potentially blunting the effect of the US’ recent blacklisting of the Chinese company. According to reports from...
read more
Global Trade Collapsing To Depression Levels

Global Trade Collapsing To Depression Levels

With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and...
read more
Alibaba Blasts Q4 Earnings Estimates

Alibaba Blasts Q4 Earnings Estimates

Sales of Alibaba Group Holding, China’s largest e-shop platform, exceeded analysts’ expectations and increased 51%. The operator of the well-known AliExpress site announced that its sales in the fourth financial quarter ended March 31 were up 51% y...
read more
ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

Prashant Ruia wants ArcelorMittal bid for Essar Steel rejected, cites LN Mittal’s link with brothers’ bankrupt cos. ESAHL alleges that Lakshmi Mittal’s association with loan-defaulting firms of his brother makes him ineligible to participate ...
read more
Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...
read more
FAA Knew Of 737 MAX Trim Problems

FAA Knew Of 737 MAX Trim Problems

A recently discovered document proves that Boeing ignored requirements FAA and international regulators made when they certified Boeing’s 737 MAX airliner. The underlying problem: For commercial reasons Boeing wanted the new 737 MAX version to handle like th...
read more
1 2 3