Category: Business

  • China to ‘cut US car tariff to 15%’

    by Blog certified

    China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China’s cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer. The proposal, the timing of which remains uncertain, comes as the two […]

    more
  • Vijay Mallya can be extradited to India, London court rules

    by Blog certified

    Indian business tycoon Vijay Mallya can be extradited from the UK to India where he faces fraud charges, a London court has ruled. The extradition ruling will be passed to the Home Secretary for approval. Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on debts of more […]

    more
  • Wall Street ends lower after a down week

    by Blog certified

    US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than 3%. The falls […]

    more
  • Trump upbeat on China talks; aides downplay Huawei arrest friction

    by Blog certified

    WASHINGTON  – U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies. “China talks are going very well,” Trump said on Twitter, without providing any details. Major […]

    more
  • Huawei arrest: China demands release of Meng Wanzhou

    by Blog certified

    China is demanding the release of telecoms giant Huawei’s chief financial officer, who has been detained in Canada. Meng Wanzhou, the daughter of the company’s founder, could face extradition to the US. She was arrested in Vancouver on 1 December, but the news was not made public at her request. The charges remain unknown but […]

    more
  • Startup Businesses Making a More Eco-Friendly Israel

    by Blog certified

    The startup industry in Israel is booming. Entrepreneurs are taking an active approach to capitalize on the potential within their countries. Profit doesn’t seem to drive business operations. Rather, the desire to change outdated socio-economic systems underpins many new business’ values. For the most part, companies are doing an exceptional job. From innovative water systems […]

    more
  • China-US trade: China vows speedy action on trade commitments

    by Blog certified

    Chinese officials have said they are “confident in implementing” trade commitments made to the US “as soon as possible”, without giving details. An ongoing trade war has seen both countries impose duties of billions of dollars on one another’s goods. Over the weekend, a temporary truce was agreed between US President Donald Trump and Chinese President […]

    more
  • Trump’s China car tariffs claim sows confusion

    by Blog certified

    A proposed cut by China to tariffs on US car imports created confusion in Washington, a day after it was announced by US President Donald Trump. Beijing has not yet confirmed the move and President Trump’s advisers appeared less certain about the agreement. Uncertainty also surrounded the details of the broader trade war truce struck […]

    more
  • Qatar pulls out of Opec oil producers’ cartel

    by Blog certified

    Qatar has announced it is pulling out of the Opec oil producers’ cartel, just days before the group meets in Vienna. The Gulf state, which joined Opec in 1961, said it would leave the cartel in January and would focus on gas production. Qatar, the world’s biggest exporter of liquefied natural gas, has been boycotted […]

    more
  • US-China trade war: Deal agreed to suspend new trade tariffs

    by Blog certified

    US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January. […]

    more