Jack Ma to unveil succession plan to groom younger talent over time

His retirement is not an end of an era but " the beginning of an era ", Ma told the publication in an interview adding that he would be spending more of his time and fortune on education. Last year, he met U.S. President Donald Trump, who described... More..

by | Published more than a month ago
Trump deals major blow to Trudeau government's trade plans
by | Friday, September 07, 2018

Trump deals major blow to Trudeau government's trade plans

On Thursday afternoon, Freeland described the atmosphere as "constructive" and "positive". In the news, traders are waiting to hear about a possible escalation of the US-China trade war as a public consultati...More..

China's Xi pledges $60 billion in financing for Africa
by | Monday, September 03, 2018

China's Xi pledges $60 billion in financing for Africa

China has denied it is engaged in debt trap diplomacy and Chinese state media have argued that concerns raised in Western media and by politicians are nothing but sour grapes. President Muhammadu Buhari on M...More..

Britain's Whitbread to sell Costa Coffee to Coke for $5.1 bln
by | Sunday, September 02, 2018

Britain's Whitbread to sell Costa Coffee to Coke for $5.1 bln

In more recent years , it the company has been focused on building Costa into a multi-channel, worldwide coffee brand . The purchase from Britain's Whitbread of Costa's nearly 4,000 outlets thrusts the worl...More..

State lawmakers send net neutrality proposal to the governor
by | Sunday, September 02, 2018

State lawmakers send net neutrality proposal to the governor

It still needs to be signed by California Governor Jerry Brown before it's put into law, but it's been supported by a number of state Democrats, as well as survived strong opposition from ISPs like AT&T, Com...More..

Canada rejoins NAFTA talks as USA autos tariff details emerge
by | Saturday, September 01, 2018

Canada rejoins NAFTA talks as USA autos tariff details emerge

Freeland praised Mexico's willingness to make hard concessions on auto trade and labor issues, which helped pave the way for a three-party agreement. For Trump , striking a new trade deal with Mexico - and...More..

Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement
by | Wednesday, August 29, 2018

Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement

President Trump may have touted his new agreement with Mexico as a negotiating ploy to get Canadians back to the table with a sense of urgency. The new agreement - pending the required signatures - could a...More..

U.S. and Mexico reach a preliminary trade deal that could replace NAFTA
by | Tuesday, August 28, 2018

U.S. and Mexico reach a preliminary trade deal that could replace NAFTA

That requirement would deter United States auto manufacturers from moving production to Mexico , where labor costs are lower, something central to Trump's attacks on NAFTA . Even if more plants are built in...More..

'Really good deal' reached with Mexico on trade: Donald Trump
by | Monday, August 27, 2018

'Really good deal' reached with Mexico on trade: Donald Trump

But compared to the more dire possibilities-that Mr. Trump would pull the USA out of Nafta or, lacking congressional approval of that, impose high tariffs on Mexican and Canadian goods that would render the...More..

China, Iran work on logistics changes ahead of sanctions
by | Sunday, August 26, 2018

China, Iran work on logistics changes ahead of sanctions

At the beginning of August, oil prices started their longest weekly losing streak in three years. Refinery utilization rates remained unchanged last week at 98.1 percent of total capacity, the highest rates s...More..

Putin says US sanctions 'counterproductive and senseless'
by | Friday, August 24, 2018

Putin says US sanctions 'counterproductive and senseless'

Hunt is speaking Tuesday morning at the U.S. Institute of Peace. He also noted that the historically "rock-solid" transatlantic alliance, involving Europe and the USA, would be undermined if the partners fail...More..

Leadership challenge: Scott Morrison is Australia’s new Prime Minister
by | Friday, August 24, 2018

Leadership challenge: Scott Morrison is Australia’s new Prime Minister

Treasurer Scott Morrison won an internal party vote over former Home Affairs Minister Peter Dutton by a margin of 45-40, the BBC reported late Thursday. It is unclear whether Mr Turnbull will retire from parl...More..

Trade war: US, China slap new tariffs on each other
by | Friday, August 24, 2018

Trade war: US, China slap new tariffs on each other

Beijing has denied USA allegations it systematically forces the unfair transfer of US technology and has said it adheres to World Trade Organization rules. Beijing responded with similar penalties on the same...More..

President Trump asks SEC to study abolishing quarterly earnings reports
by | Sunday, August 19, 2018

President Trump asks SEC to study abolishing quarterly earnings reports

Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter. In a tweet, he argued a longer time frame would "allow greate...More..

Retail inflation at 9-month low; rate hike seems unlikely
by | Friday, August 17, 2018

Retail inflation at 9-month low; rate hike seems unlikely

The Home Price Index rose 0.9% for the period May-June 2018 in comparison with April-May 2018, the Central Bureau of Statistics reported today, wiping out the falls of the past year. The report indicated that t...More..

by | Friday, August 17, 2018

Turkish lira trades below 6.0 against the dollar

President Donald Trump condemned the detention of an American pastor in Turkey and warned that "we are not going to take it sitting down". Tensions between Turkey and the United States have been on the ris...More..

Turks film themselves smashing iPhones amid US-Turkey trade war
by | Friday, August 17, 2018

Turks film themselves smashing iPhones amid US-Turkey trade war

Secretary of the Treasury Steven Mnuchin said Thursday the United States is prepared to put additional sanctions in place against Turkey if the government of President Recep Tayyip Erdogan does not release Am...More..

Turkish court rejects U.S. pastor Andrew Brunson's appeal
by | Wednesday, August 15, 2018

Turkish court rejects U.S. pastor Andrew Brunson's appeal

Erdogan said on Tuesday Turkey would boycott USA electronic products as the row escalated. Last Friday, US President Donald Trump said he had authorised higher tariffs on aluminium and steel imports fr...More..

Rupee hits lifetime low of 70 per dollar
by | Tuesday, August 14, 2018

Rupee hits lifetime low of 70 per dollar

The government on Tuesday blamed "external factors" for the rupee's fall to an all-time low against the United States dollar and said that there is nothing to worry about as of now. The Indian currency, he sa...More..

United States seeks to stab Turkey in the back: Turkey's president - USA
by | Tuesday, August 14, 2018

United States seeks to stab Turkey in the back: Turkey's president - USA

Turkey's economy has been under punitive sanctions from the United States over the ongoing detention of a U.S. pastor, Andrew Brunson. "We are going to apply a boycott on America's electronic products", Er...More..