Amidst pressure from the United States for a boycott and with the European Union lawmakers passing a law earlier this week pledging to increase the number of suppliers of equipment for 5G networks, the Chinese telecom equipment making giant Huawei is set to face a challenge in the United Kingdom because the leading telecom service…
A British trade body has warned that the country’s annual car production is likely to drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union; the output will be lost to other nations. Britons are staring at an elections in just over two weeks with Prime Minister…
A group of 15 U.S. senators from both the Republican and the Democratic party have written a letter to the U.S. Commerce Department urging it to suspend issuing licenses to U.S. firms that conduct business with China’s Huawei Technologies Co, citing threats to U.S. national security. The letter also urges the Trump, administration to halt…
Following a series of tweets by David Heinemeier Hansson wherein he criticized Apple Card’s algorithm, saying it gave him 20 times the credit limit compared to the one his wife received, U.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to the allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card.…
The finance ministers of the European Union have called on the economic block to completely stop al funding to oil, gas and coal projects. Experts estimate that if this measures is followed up, it would potentially lead to cancellation of annual investments worth €2bn. The EU finance ministers pointed out their concerns directly at the…
While Facebook still refuses to do anything about political ads that appear on its social media platform even as lawmakers and regulators in the United States and elsewhere clamor for the social media company to exert more control over fake political ads, its fellow social media company Twitter has announced that it would be banning…
According to reports, the top leaders at the European Union are likely to take some time to discuss and decide on the plea of the United Kingdom government for an extension of Brexit deadline. It has been reported that the leaders of the other 27 EU states also want to give UK Prime Minister Boris…
If necessary, the Japanese government could make available fiscal and monetary stimulus for the economy even though it does not feel there is any need for such an action immediately. A boost to the world’s third-largest economy can be given at any time by the Japanese government because currently the economy is facing issues because…
Marine “heatwaves” are being caused and rise of sea levels is being accelerated threatening the coastal fishing based economies because of the alarming pace at which the surface temperature of the oceans of the world is rising due to global warming, warned a fresh report published by the United Nations. The report said that heat…
The highest and fastest drop in manufacturing output in nearly seven years was experienced by the eurozone economy in September because of the slowdown in global trade and threat of the no-deal Brexit which brought the economy of the zone to a near standstill. The bad performance of the eurozone economy was led by negative…
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