Business

July 26, 2020
Top British bank HSBC denies ‘setting up trap’ for China’s Huawei in US investigations

London-headquartered multinational bank HSBC took to social media to say it was not, as Chinese media claimed, “fabricating evidence” against Huawei, which led to the arrest of the company's chief...

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July 26, 2020
‘Very serious threats’: US reportedly ramps up pressure on Nord Stream 2 contractors

The US government has made further attempts to force European firms to ditch the Russian-led Nord Stream 2 gas pipeline project, Welt am Sonntag reported, citing people familiar with talks...

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July 26, 2020
US resumes funding for rare earth miners amid deteriorating relations with China – report

The Pentagon has reportedly decided to resume sponsoring two rare earth mineral processing projects, to cut US dependence on the top global supplier of the vital materials, China, as tensions...

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July 26, 2020
US resumes funding for rare earth miners amid deteriorating relations with China – report

The Pentagon has reportedly decided to resume sponsoring two rare earth mineral processing projects, to cut US dependence on the top global supplier of the vital materials, China, as tensions...

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July 26, 2020
US resumes funding for rare earth miners amid deteriorating relations with China – report

The Pentagon has reportedly decided to resume sponsoring two rare earth mineral processing projects, to cut US dependence on the top global supplier of the vital materials, China, as tensions...

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July 25, 2020
Venezuela to challenge UK’s ruling that denies access to its gold stored in Bank of England vaults

Caracas has won the right to file a court appeal on the decision of the English High Court, which blocked the Maduro government from getting back $1 billion in gold...

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July 25, 2020
South Korea orders airlines to urgently check their Boeing 737 aircraft following FAA warning

South Korea's Transport Ministry has told local carriers to carry out emergency inspections of Boeing 737s shortly after the US Federal Aviation Administration (FAA) revealed that the jets could be...

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July 25, 2020
South Korea orders airlines to urgently check their Boeing 737 aircraft following FAA warning

South Korea's Transport Ministry has told local carriers to carry out emergency inspections of Boeing 737s shortly after the US Federal Aviation Administration (FAA) revealed that the jets could be...

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July 25, 2020
India’s Reliance beats US giant Exxon to become world’s second-most valuable energy firm

Reliance Industries, controlled by billionaire businessman Mukesh Ambani, has outpaced other energy majors to become the second-largest energy company in terms of market capitalization, after Saudi Arabia's oil behemoth Aramco....

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July 25, 2020
India’s Reliance beats US giant Exxon to become world’s second-most valuable energy firm

Reliance Industries, controlled by billionaire businessman Mukesh Ambani, has outpaced other energy majors to become the second-largest energy company in terms of market capitalization, after Saudi Arabia's oil behemoth Aramco....

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July 25, 2020
Russia’s Nord Stream 2 pipeline will significantly cut gas prices in Europe, energy consultancy says

European consumers will benefit from lower gas prices if the underwater pipeline from Russia to Germany, the Nord Stream 2, is completed, energy consultancy Wood Mackenzie said as the US...

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July 24, 2020
Extra unemployment aid expires as virus threatens new states

As public health officials warned Friday that the coronavirus posed new risks to parts of the Midwest and South, enhanced federal aid that helped avert financial ruin for millions of...

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July 24, 2020
China’s consulate in Houston cleared out ahead of eviction

Workers at China's consulate in Houston loaded up moving trucks Friday ahead of an afternoon deadline to shut down the facility, as ordered by the Trump administration. On Tuesday, the...

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July 24, 2020
Apple’s iPhone 11 will be made in India from now on, not China

In a major boost to Prime Minister Narendra Modi's ‘Make in India' initiative, Apple has started assembling one of its flagship devices, the iPhone 11, at the country's Foxconn plant...

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July 24, 2020
Depp’s lawyers play video showing Heard ‘attacked’ sister

Johnny Depp's lawyers in his libel suit against a British tabloid that labeled the actor a “wife beater” displayed video footage in a London courtroom Friday that they claim shows...

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July 24, 2020
‘Nasty days’ ahead for US stock markets no matter what government does, chief strategist tells Boom Bust

Jobless claims in the US are up for the first time in months as the pandemic continues to surge in some parts of the country. Meanwhile, the government is set...

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July 24, 2020
‘Nasty days’ ahead for US stock markets no matter what government does, chief strategist tells Boom Bust

Jobless claims in the US are up for the first time in months as the pandemic continues to surge in some parts of the country. Meanwhile, the government is set...

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July 24, 2020
First Russian LNG cargo reaches Japan via Arctic sea route

Russia's first liquefied natural gas (LNG) shipment from the Yamal project has reached Japan after sailing for two weeks along the Northern Sea Route (NSR), according to the country's largest...

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July 24, 2020
‘Blow-up’ event could COLLAPSE US DOLLAR as America’s debt mounts, ex-IMF official warns

The US dollar's status as the dominant global currency is at risk of being eroded because of mounting government debt, according to Zhu Min, former senior executive with the International...

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July 24, 2020
EU demands US lift tariffs ‘IMMEDIATELY’ after fulfilling WTO requirements in Airbus dispute

The European Commission has called on the US to lift “unjustified” duties on EU exports or face retaliation, after aerospace giant Airbus said it had been in full compliance with...

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July 24, 2020
EU demands US lift tariffs ‘IMMEDIATELY’ after fulfilling WTO requirements in Airbus dispute

The European Commission has called on the US to lift “unjustified” duties on EU exports or face retaliation, after aerospace giant Airbus said it had been in full compliance with...

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July 24, 2020
EU demands US lift tariffs ‘IMMEDIATELY’ after fulfilling WTO requirements in Airbus dispute

The European Commission has called on the US to lift “unjustified” duties on EU exports or face retaliation, after aerospace giant Airbus said it had been in full compliance with...

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July 24, 2020
The Great Escape: Carlos Ghosn’s son allegedly paid $500,000 in cryptocurrency to help smuggle father out of Japan

US prosecutors said the son of former Nissan chairman Carlos Ghosn sent about $500,000 in cryptocurrency payments to one of the two Massachusetts men who helped Ghosn escape from Japan...

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July 24, 2020
The Great Escape: Carlos Ghosn’s son allegedly paid $500,000 in cryptocurrency to help smuggle father out of Japan

US prosecutors said the son of former Nissan chairman Carlos Ghosn sent about $500,000 in cryptocurrency payments to one of the two Massachusetts men who helped Ghosn escape from Japan...

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July 24, 2020
The Great Escape: Carlos Ghosn’s son allegedly paid $500,000 in cryptocurrency to help smuggle father out of Japan

US prosecutors said the son of former Nissan chairman Carlos Ghosn sent about $500,000 in cryptocurrency payments to one of the two Massachusetts men who helped Ghosn escape from Japan...

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July 24, 2020
Global stocks dip amid growing tensions between US & China

Markets in Europe and Asia fell on Friday after Beijing ordered the US government to shut down a diplomatic facility in Chengdu in retaliation to the US closure of the...

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July 24, 2020
Asia Today: South Korea to let fans watch sports live again

South Korea says it will allow baseball fans to return to the stands beginning Sunday as health authorities outlined a phased process to bring back spectators in professional sports amid...

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July 23, 2020
Russia’s Far Eastern region boosts gold production despite pandemic

Gold output in Russia's Chukotka Autonomous Region has increased by 6.7 percent over the first six months of the year, amounting to more than 11.5 tons. Chukotka is one of...

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July 23, 2020
Bulgaria to complete TurkStream pipeline extension amid US threats to sanction Russian energy projects

The Bulgarian section of the TurkStream natural gas pipeline from Russia, known as Balkan Stream, is set to be completed by the end of the year, according to the Russian...

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July 23, 2020
Russia has enough reserves to cope with Covid-19 crisis – PM Mishustin

The Russian government's revenues and vast reserves have enabled the country to remain stable and deal with the coronavirus pandemic, Prime Minister Mikhail Mishustin said on Wednesday. According to the...

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July 23, 2020
Rising US-China tensions create unthinkable additional burden on American economy – Professor Wolff to Boom Bust

The Trump administration's decision to close down China's consulate in Houston is just another example of “political theater” that could bring more pain to the US economy in a time...

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July 23, 2020
Beijing offers Latin America $1bn loan to help it access China’s coronavirus vaccine

Mexico's Foreign Ministry said on Wednesday that China plans to provide a $1 billion loan to make its Covid-19 vaccine accessible for countries across Latin America and the Caribbean. According...

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July 23, 2020
US headed for double-dip recession as coronavirus shows no signs of slowing down – veteran economist Stephen Roach

A resurgence of Covid-19 cases in the US poses a great risk for the world's largest economy as it faces the high probability of another steep downturn, former Morgan Stanley...

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July 22, 2020
Former Wirecard CEO and board members arrested for fraud in alleged €3bn scam

The former CEO of Wirecard, Markus Braun, has been arrested in relation to the ongoing €3.2 billion fraud investigation levelled against the firm, along with the company's former CFO and...

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July 22, 2020
Germany wants blanket road tolls on ALL of Europe’s motorways within eight years

So, the Germans want to put a toll on motorways. Not just on their own spacious autobahns, mind you. Nope. All across the European Union. Germany, which took over the...

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July 22, 2020
US to pay Pfizer & BioNTech $2 billion for Covid-19 vaccine

The US Department of Health and Human Services (HHS) and the Department of Defense have announced a $1.95 billion deal with Pfizer and BioNTech for 100 million doses of their...

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July 22, 2020
‘Worst months in the history of commercial aviation’: UK airports set to lose over $5 BILLION in revenue this year

Britain's airports have lost more than £150 million (over $190 million) a day during the first four months of the Covid-19 pandemic which has crippled air travel, according to the...

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July 22, 2020
‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff

As the world grapples with Covid-19, precious metals' prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff. He says silver may...

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July 22, 2020
Agriculture will lead India’s economic revival from coronavirus pandemic – finance minister

Asia's third-largest economy, India, is well-positioned for a strong recovery on the back of farming and allied industries that are boosting the rural sector, Finance Minister Nirmala Sitharaman has said....

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July 22, 2020
Will US shale ever see another Golden Age?

The US shale patch has been hit incredibly hard by COVID and the oil price crash, and while some analysts bet on a quick comeback, some others are more pessimistic....

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