Economy

China court bans Micron chip sales in patent case: Taiwan's UMC

China court bans Micron chip sales in patent case: Taiwan's UMC

UMC is building a DRAM production plant in cooperation with JHICC, a state-owned enterprise under Fuzhou City of China. Shares of Micron, which generated half of its $20.3 billion fiscal 2017 revenu...

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How a trade war could turn into a recession

How a trade war could turn into a recession

China implemented retaliatory tariffs on some imports from the U.S. Friday, state media reported , immediately after new U.S. duties had taken effect. Carmaker BMW said it could not absorb all of the...

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China markets swing wildly on uncertainty about growth and trade

China markets swing wildly on uncertainty about growth and trade

It is highly unlikely that China is using yuan depreciation as a tool in trade negotiations with the U.S., said Tai Hui, chief market strategist of J.P. "It's not clear yet if the trade row will der...

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Abu Dhabi Ready to Pump More Oil Under OPEC Deal

Abu Dhabi Ready to Pump More Oil Under OPEC Deal

The US ultimatum has also contributed to upward pressure on world oil prices, although Trump believes he has persuaded Saudi Arabia to offset this by ramping up its own production. Trump's suggestion ...

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What Is OPEC? Trump Attacks Oil Price 'Monopoly'

What Is OPEC? Trump Attacks Oil Price 'Monopoly'

Trump has repeatedly called on the oil cartel to reduce prices. Saudi Arabia's state-run oil giant cut its prices Thursday for first time since February after President Donald Trump lashed out a...

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Russian Federation takes action against U.S. at WTO on metals duties

Russian Federation takes action against U.S. at WTO on metals duties

Over 40 WTO members, including the 28 countries of the European Union - warned that the USA action could seriously disrupt the world market and threaten the WTO system, given the importance of cars to...

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Canada not helping itself by hitting US with tariffs-White House

Canada not helping itself by hitting US with tariffs-White House

A Chinese government spokesman has said Thursday, July 5, 2018, that Beijing "will not bow in the face of threats and blackmail" on the eve of US tariff hikes and will defend its interests. Investor...

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Saudi Arabia says ready to boost oil production, taking aim at Iran

After the U.S. withdrew from the Iranian nuclear deal in May, it said it would reimpose economic sanctions against Tehran by November. The restart of those sanctions has global energy buyers ner...

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Twitter users call for Walmart boycott over ‘Impeach 45’ clothes

Twitter users call for Walmart boycott over ‘Impeach 45’ clothes

As counter-protestors pointed out on social media, Walmart.com also offers MAGA products for sale. In the past, Walmart has issued statements after these incidents saying: "This item was sold by ...

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China Just Warned Its Citizens Against Traveling to the U.S.

China Just Warned Its Citizens Against Traveling to the U.S.

The bill would mean abandoning key disciplines agreed at the World Trade Organization, Axios news website reported late on Sunday, to a skeptical response from trade experts. A market strategist a...

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Angela Merkel and her vision of Europe survive to fight another round

Angela Merkel and her vision of Europe survive to fight another round

Seehofer, said in a radio interview his party wanted an agreement with the CDU but gave no indication about what a compromise could look like. The coalition parties, comprising Merkel's Christian ...

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Tesla hits 5,000-unit weekly production for Model 3

Tesla hits 5,000-unit weekly production for Model 3

But that's not all. " Model 3 production had already significantly increased over those 6 months, but Tesla had heavily invested into a production capacity of over 5,000 units per week and it nee...

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Trump says Saudis must compensate for drop in Iran oil supply

Trump says Saudis must compensate for drop in Iran oil supply

An increase in global production would typically be expected to ease prices. Saudi Arabia's output is also on the rise and over the past few months, production has grown by 700,000 barrels per day, ...

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And extended to 36 hours

And extended to 36 hours

If you install the Amazon app for the first time starting today through Prime Day , Amazon will gift you $5 credit. The 36-hour event, which starts on 16 July at 12pm and ends on 17 July, will ...

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Michael Dell on Going Back Under Wall Street's Spotlight

Michael Dell on Going Back Under Wall Street's Spotlight

In its latest turn of corporate machination, Dell Technologies has chose to return to the public market via a cash and share-swap deal that's meant to help the company boost revenue and raise funds....

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Trump pressures Saudi Arabia to increase oil production

Trump pressures Saudi Arabia to increase oil production

Brent crude , the worldwide benchmark, was selling Friday for over $79 a barrel, and there is talk that in certain circumstances a return to $100 a barrel oil is possible. 'Saudi Arabia obviously can ...

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Amazon’s new program to help entrepreneurs set up their own delivery business

Amazon’s new program to help entrepreneurs set up their own delivery business

The ecommerce giant is seeking to assist hundreds of new small businesses to employ tens of thousands of delivery drivers across the United States by providing discounted vehicles, fuel, insurance, ...

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In farewell to U.S. shoppers, Toys 'R' Us urges 'Play on!'

In farewell to U.S. shoppers, Toys 'R' Us urges 'Play on!'

The mascot stood surrounded by empty shelves and space, presumably in a Toys R Us store . According to recent reports, former Toys R Us CEO Jerry Storch has been meeting with potential investors...

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Rupee recovers from all-time low, regains 18 paise

Rupee recovers from all-time low, regains 18 paise

Though the currency has recovered from this low, it is likely to remain under pressure and fall to fresh lows in the coming days. This in turn has dragged the rupee from its level of 67.83 on Friday...

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When did Mount Agung last erupt? Is it still erupting?

When did Mount Agung last erupt? Is it still erupting?

DENPASAR, Indonesia The Indonesian tourist island of Bali closed its global airport Friday, stranding thousands of travelers, as the Mount Agung volcano gushed a 2,500-meter (8,200-feet) column of a...

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European Union ready to retaliate as Trump threatens 20pc tariff on cars

European Union ready to retaliate as Trump threatens 20pc tariff on cars

With the high tariffs on steel and aluminum, the European Union was left with no other choice but to retaliate in a similar manner. The shares prices, belonging to the automobile giants like Volkswa...

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Harley-Davidson hit by European Union tariffs

Harley-Davidson hit by European Union tariffs

In his latest Twitter rant targeting the iconic maker of motorcycles, Mr Trump warned: "If they move, watch, it will be the beginning of the end - they surrendered, they quit!" Trump wrote . But Tr...

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'Large number' of demonstrators arrested after mass protests close Iran's Grand Bazaar

'Large number' of demonstrators arrested after mass protests close Iran's Grand Bazaar

But the State Department said the USA has not yet discussed the issue with China and India, the two biggest buyers of Iranian oil. The State Department said it does not plan to offer waivers or allo...

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Trump says he's '100 percent' right on tariffs despite Harley-Davidson move

Trump says he's '100 percent' right on tariffs despite Harley-Davidson move

So on Monday, despite the US President batting for it, the company announced it is shifting some of its production facilities overseas to avoid stiff retaliatory tariffs imposed by the European U...

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China, EU to form group to modernise global trade rules

Last week, Chinese President Xi Jinping told a group of American and European multinational chief executives that his country was planning to strike back against the latest trade actions by the USA, a...

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Turkey's Erdogan clinches second term with majority vote

Turkey's Erdogan clinches second term with majority vote

An extremely high voter turnout was recorded with almost 87 percent of the electorate casting ballots. In Sunday's parliamentary contest, the Islamist-rooted AK Party won 43 per cent and its MHP ally ...

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Harley-Davidson moving some production overseas after retaliatory tariffs

Harley-Davidson moving some production overseas after retaliatory tariffs

Struggling to overcome a slump in USA demand, Harley has been aiming to boost sales of its iconic motorcycles overseas to 50 percent of total annual volume from about 43 percent now. On Monday, the co...

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Turkish President Recep Tayyip Erdogan wins second term in a landslide victory

Turkish President Recep Tayyip Erdogan wins second term in a landslide victory

President Recep Tayyip Erdogan addresses supporters. Many political experts believe Inje is capable of dragging the race into a run-off. The victor of Sunday's presidential contest will acquire sw...

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Greece hails 'historic' deal to end debt crisis

Greece hails 'historic' deal to end debt crisis

It is a deal which reflects the moral duty of our partners in response to the sacrifices of Greek people over the past eight years, so that the euro zone remains undivided", Greek Prime Minister Alexi...

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When is Amazon Prime Day 2018?

When is Amazon Prime Day 2018?

Amazon Prime Day 2018 starts on Monday, July 16th, according to the image below captured by TechRadar . Amazon launched Prime, its subscription service that includes faster deliveries and vide...

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