Despite the slowdown of the US economy for the third quarter as had been previously shown in government data, analysts believe that the growth rate achieved in this period should be strong enough for the US economy to achieve the 3 per cent growth target that had been set for the year by the Trump…
The results of a survey conducted by Deloitte released on Wednesday shows that the confidence of senior finance officers at companies operating in China is being pulled down by increasing trade risks. The consultancy organization conducts the survey twice a year among financial executives about their attitudes on trade and business as a part of…
The much awaited blockbuster IPO from Japan’s Softbank has failed to create the impetus in the share market to the level that most had hoped for. There was a sharp drop of 15 per cent in Tokyo in the shares in the Japanese company’s mobile telecommunications unit in the first day of trading after the…
According to a statement by the U.S. Justice Department, German auto parts supplier IAV Gmbh would plead guilty as well as pay $35 million in fines on charges of conspiring with German car maker Volkswagen AG in trying to bypass the tough diesel emission norms in the United States. The Justice Department said that 50…
Virgin Group founder and billionaire entrepreneur Sir Richard Branson has warned that in the event of a no deal or hard Brexit, the UK will be left “near bankrupt”. In an interview with the BBC he said that he was “absolutely certain” that if the United Kingdom left the European Union (EU) without striking any…
Talks about the possibility of multibillion dollars fines being imposed on Facebook surfaced in Europe after a European regulator said on Friday that an investigation into why the largest social media company of the world was repeatedly failing to protect user privacy is being launched by it. After receiving multiple reports of data breaches impacting…
While not ruling out the possibility of a future launch, a US congressional panel on Tuesday was informed by Google chief executive Sundar Pichai that the company did not have any immediate plans to launch any search engine specifically for the Chinese market. Earlier in August, the US lawmakers in a letter were informed by…
The most revered auto industry association in China said on Tuesday that there was a drop of 13.9 per cent in the sale of automobiles in China for the month of November compared to the same period a year earlier. This denotes the largest drop in the sale of number of auto units since more…
The Australian government wants to impose a number of strict restrictions on U.S. tech giants to curb their influence as suggested by a government review report. The report that was published by the Australian Competition and Consumer Commission (ACCC) suggested that that the government should create a watchdog which would be exclusively tasked with regulation…
According to media reports, the embattled Chinese tech giant Huawei has informed the British government that it would be expending about $2 billion in the country as it tries to dissuade fears among the British authorities related to its security as raised by the British government in a report earlier this year. The reports are…
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