Days before a gathering of G20 ministers gather for a summit in Argentina, French Finance Minister Bruno Le Maire has warned that a trade war is now a reality. He said that the law of the jungle is the basis of the formulation of the present trade policies of the United States which is imposing…
In order to convince Wall Street that the car rental industry is still relevant, a change to its old “try harder” advertising slogan night be necessary for Avis Budget Group. There is a rising question among investors about car rental because of the rise of cab hailing services. There is therefore a notion that car…
Following its presentation of design options for America’s next intercontinental ballistic missile (ICBM), the Ground Based Strategic Deterrent (GBSD) in front of the US Air Force, a “key milestone” in a major contract with the air force has bene bagged by U.S. aerospace giant Boeing Company, it said on Friday. “We offered the Air Force…
The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
Business circles in the European Union (EU) have hailed as a “clear signal” of resisting protectionism the recently signed free trade deal between the EU and Japan. Covering about 30 percent of global gross domestic product, the largest economic bloc of the world has been created by the trade agreement between the two parties. “The…
The Chinese government is now in possession of the iCloud data of China based users of Apple. A division of the state-owned firm, China Telecom is now ion charge of managing Chinese users’ emails, pictures and text messages. This has raised concerns among privacy advocates who have issued warnings about the vulnerability of state surveillance…
Of the 250 banks that earlier allowed companies to transact in cryptocurrencies, only two are active. While much of the business has gone to Liechtenstein, Swiss authorities are bent on taking back the crown. Regulators in Switzerland are stepping up their efforts to halt the exodus of cryptocurrency projects from the country. Currently only two…
Although the ruling should provide smartphone makers the ability to develop phones based on Amazon’s Fire OS, Google limits the adoption of such forks, as termed in the industry, through its licensing model. Essentially, the ruling is not likely to significantly change Google’s licensing model and the revenues derived from it. With the European Union’s…
Google has been slapped record fine of 4.34 billion euro ($5 billion) by EU antitrust regulators for allegedly squeezing out rivals by use of its Android mobile operating system. This fine is almost double of what the U.S. tech company was slapped last year in the US (2.4 billion euros – a previous record) for…
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