After the U.S. Department of Commerce decided to slap heavy import tariffs on jets partly made in Northern Ireland, the so-called “special relationship” between the U.S. and U.K. was looking decidedly shaky. Hints that the trade relations with the U.S. aerospace company could be further affected was given by U.K. Prime Minister Theresa May after…
South Australia’s power blackout could be history thanks to Tesla’s “Hollywood solution”. Almost a year after South Australia suffered a major blackout, it has started building the world’s biggest battery to help keep its electricity grid on and humming in what is being slated as Australia’s most wind-dependent state. With Tesla winning the bid to…
If the United States government can get tax reform “right,” the country will see its gross domestic product rise by 1 percent, according to the commerce secretary. Wilbur Ross said that because it could add nearly $3 trillion in federal government revenue in the next decade, getting U.S. tax reform right is important. Ross said that the…
The upcoming legislation is part of a bipartisan deal that is aimed at easing the entry of self-driving vehicles on U.S. roads. Late on Wednesday, two U.S. senators disclosed that a bipartisan deal had been hammered out on legislation aimed at easing out the hurdles for getting self-driving vehicles to the market. As per Senator…
Provisional election results in Germany point to a worse-than-expected majority for the German chancellor even as Angela Merkel’s conservative bloc will be the largest party in the next German parliament. 33 percent of the vote was won by Merkel’s center-right Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social Union (CSU). But lower…
Oil and gas players with interests in the disputed zone are put in a bad place as the world’s second-largest economy threatens military action in the South China Sea. For the Spanish energy firm Repsol, that was the case. After Beijing warned the Southeast Asian country that it would attack bases if operations continued, the subsidiary…
A global could be a possible ultimate result of there is an outbreak of military conflict on the Korean Peninsula and that would be destabilizing for the region, according to Citi’s top global political analyst. Tina Fordham, managing director and chief global analyst at Citi said that the extent of the damage from such a…
Sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications, U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker. The first announced deal for the buyout fund, which launched last year with a focus on technology investment, one of the…
The Chinese state had a hidden role in the acquisition of Lattice Semiconductor Corp whose chips have military applications. In a clear signal from Washington to Beijing, U.S. President Donald Trump has blocked a Chinese-backed private equity firm’s acquisition bid for a U.S. chipmaker, thus telling Beijing in very lucid terms that the United States…
The European Union mentioned the United Kingdom once and avoided the word Brexit in a key six-thousand-word speech. redirecting all Brexit related issues to a team that only deals with Brexit has been the strategy of the European Commission – Europe’s leading Brexit negotiator, since the U.K. voted to leave the bloc. The Commission would rather talk about…
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