There has been a contraction in the manufacturing activity in China for the third consecutive month in February 2019 according to data released by China’s National Bureau of Statistics. The Purchasing Managers’ Index (PMI) dropped to a level below the expectations of analysts. This level also marks the lowest level of the official manufacturing PMI…
A survey by the European Parliament revealed on Monday predicted that the biggest group in the EU legislature would be the center-right after elections in May this year, which indicates that there would also be an increase in the number of seats to the far right. According to the survey, with 29 seats, the position…
According to media reports quoting sources, the British Prime Minister Theresa May has been told by US car maker Ford Motor Co that some of its production processes would have to be moved out of the UK due to Brexit, this was conveyed by the company during a conference call on Tuesday with May. According…
In its attempt to further crack down on “fake news” just ahead of the crucial national level elections in India, social media giant Fecebook has said that it is further extending its fact-checking programme in India through third parties by involving very well known media names such as the India Today Group, Factly and Fact…
The computer network of the Australian parliament was attempted to be hacked which is being investigated by security authorities of the country. While there was “no evidence” that hackers have been able to access or steal any information, said the lawmakers, but their passwords are being changed as a precautionary measure. The attempt to hack…
Huawei would have no option but to move away from Western countries if restrictions are continued to be imposed upon it, warned the chairman of the Chinese tech giant. Many of the Western countries have put Huawei under severe scrutiny because of fears of that its telecommunications equipment can be used by Chinese agencies for…
A host of diplomats have urged the United States and North Korean leadership to complete denuclearization and obtain solutions to some of the other issues within the relationship between the two countries even as the US announced on Friday about a second round of meeting its President Donald Trump and North Korean leader Kim Jong…
A report prepared for next week’s World Economic Forum in Davos, Switzerland, identified as the most urgent global t\risk to be the ever increasing tension between the world’s major powers which is creating roadblocks to get together collective action to take concrete measures against climate change. According to a survey of around 1,000 experts and…
Hopes of avoidance of a full blown trade war with between China and the United States emerged after the end of a longer than expected trade talks between trade representatives of the two countries came to an end. The detailed results of the three day talks would be made public later, said officials. China’s Foreign…
A block buster and record making merger has been announced by two of the biggest drug companies of the United States. Drug maker Celgene would be taken over by Bristol-Myers Squibb in a cash and stock deal including debt and the value of the deal as announced is worth about between $74bn and $90bn. The…
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