The Fortune Global 500 list for 2019 shows how economic power is moving from the United States to other countries. This time only 4 US companies entered the top 10 in terms of profitability and there were only 2 of them in the top 10 in terms of revenue. The leaders in profit were Apple (second...

The loss of steam in the United States economy for the second quarter was now as bad as was being expected because of an increase in consumer spending which offset some of the negative impacts of reducing exports and a smaller inventory build. The performance of the economy in the second quarter...

Lloyds Banking Group has settled a lawsuit by paying 140 million pounds to Standard Life Aberdeen Plc. On Wednesday, Standard Life Aberdeen Plc said in a statement that it will receive 140 million pounds in compensation from Lloyds Banking Group.   As part of the settlement deal, SLA will...

While, the tech firms in the U.S. awaits the details of new policy announced by President Trump, the Tech firms are invited for a White House conference. The economic advisor of White House, Larry Kudlow plays the host in the “semiconductor and software executives” meeting which took place on...

United States president Donald Trump agreed to make “timely” decisions with respect to allowing American companies to sell to the Chinese tech giant Huawei Technologies Co Ltd – currently blacklisted by the US Commerce Department, following a series of requests by US companies at a meeting held on...

The Chinese GDP has grown by 6.2% in the second quarter; this is the lowest figure since 1992, when the National Bureau of Statistics of China began to publish quarterly data. A quarter earlier, the growth rate was 6.4%, last year - 6.6%. The weakest point in the economy was exports, which fell in...

The National Institute of Economic and Social Research (NIESR) of the United Kingdom has warned that there is a one-in-four chance that the crisis surrounding uncertainty over Brexit has already moved the country into a recession as can be seen with stalling economic growth of the country.  ...

After a telephonic conversation between United States and Chinese trade officials over the issue of coming to a possible trade agreement, US Treasury Secretary Steven Mnuchin suggesting in-person talks could be the next step for the representatives of the two largest economies of the world.  ...

More than 50 companies, including Apple and Nintendo, have announced or are considering plans to move production from China to avoid US duties, according to Nikkei Asian Review. American manufacturers of personal computers HP and Dell can transfer up to 30% of their production of laptops from China...