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Rio Tinto plans to sell assets worth $5-10 billion 12/05/2025

Tesla Accelerates Market Repositioning With Launch of Lower-Cost Model 3 Variant in Europe 12/05/2025

UK government to increase taxes on property, high incomes, and electric vehicles 12/01/2025

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Economics

Following New Tariffs, Trump Defends His Tariff Policy

‘Things are going well with China’, said the United States President Donald Trump on Saturday referring to his most recent announcement of imposition of fresh import tariffs of 10 per cent on Chinese goods worth $300 billion. Trump insisted that the additional import tax on products imported from...

Agreement With EU For Greater American Beef Export Signed By Trump

The United States has come to an agreement for greater exports of American beef to the European Union. This was announced by US President Donald Trump on Friday. The agreement was signed by Trump at an event at the White House in the presence of a US trade officials and representatives...

Trump Escalates Trade War, Announces New China Tariffs

Amidst an environment of restarting of trade negotiations between the United States and China, US president Donald Trump has announced imposition of another tariff – this time a 10 per cent tariff on Chinese goods worth $300 billion. The new tariffs are slated to be imposed from September 1....

Toughest Challenge Since 1970s Stare At British Auto Industry

The biggest challenge starts at the face of the British since the 1970s. In the first half of the year, the production of auto in the UK has fallen by about a fifth while there has been a 70 per cent drop in investments because of siphoning of funds to prepare for Brexit contingency plans...

Warning To Japan Of Not To Drop It From Its 'White List' On Trade Issued By South Korea

South Korea would be forced to review and rethink its military cooperation with Japan, both key allies of the United States in Asia, if Tokyo ultimately implements its plans to remove Seoul from its "white list" of trusted trade partners, South Korea said in a warning to Japan. A...

Investments in the UK car sector fall by more than 70% due to Brexit risk

Investments in the UK car sector fell by more than 70% in the first half of the year due to fears about Brexit, the British Society of Motor Manufacturers and Traders (SMMT) reported. The volume of investments in the first half of 2019 decreased to ‎£ 90 million ($ 109.5 billion) as compared with...

Global PV Installation Market Is ‘Now Back On A Strong Growth Trajectory’

‘2018’s slowdown was just a blip’, as world’s solar installation market is set to make record. Last week, the Wood Mackenzie consultancy informed that thanks to the improvement seen in the European as well as the American markets besides the fast growth observed in Indian as well as Vietnamese...

World's top ten most profitable companies: Economic clout is leaving the US

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...

US Economic Growth Slows In Q2 With Concerns Over Drop In Business Investment

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 settles $129 billion lawsuit with Standard Life Aberdeen Plc

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...