International Business News

India, China ripping us off, we don't consider them as developing nations: Donald Trump

India, China ripping us off, we don't consider them as developing nations: Donald Trump

The statement from Trump comes at a time when the US and China are currently engaged in a bruising trade war after the Trump Administration imposed punitive tariffs on Chinese goods and Beijing

Oct 18, 2019, 08:28 AM IST
US-China trade war will drag down global growth, warns IMF

US-China trade war will drag down global growth, warns IMF

Both China and the US have had their growth forecasts lowered.

Oct 16, 2019, 08:13 AM IST
World’s oldest travel firm Thomas Cook collapses, stranding hundreds of thousands

World’s oldest travel firm Thomas Cook collapses, stranding hundreds of thousands

The firm ran hotels, resorts and airlines for 19 million people a year in 16 countries. It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue

Sep 23, 2019, 09:27 AM IST
Not selling WhatsApp or Instagram: Mark Zuckerberg

Not selling WhatsApp or Instagram: Mark Zuckerberg

Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp.

Sep 20, 2019, 15:24 PM IST
Global growth to hit 11-year low: OECD

Global growth to hit 11-year low: OECD

The Paris-based organization had previously expected global growth to accelerate by 3.2 per cent this year and by 3.4 per cent next year.

Sep 20, 2019, 15:21 PM IST
Oil prices rise as Saudi supply risks come into focus

Oil prices rise as Saudi supply risks come into focus

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.

Sep 19, 2019, 16:26 PM IST
Apple's communications head Steve Dowling quits

Apple's communications head Steve Dowling quits

Dowling will be the third top C-Suite executive to have left Apple this year.

Sep 19, 2019, 14:22 PM IST
Microsoft authorizes $ 40 billion of share buybacks, raises dividend

Microsoft authorizes $ 40 billion of share buybacks, raises dividend

The company bought back $19.54 billion in shares last year. In the previous fiscal year, the buybacks was worth $10.72 billion - all under CEO Satya Nadella`s tenure.

Sep 19, 2019, 11:05 AM IST
Saudi attacks raise spectre of oil at $100 per barrel

Saudi attacks raise spectre of oil at $100 per barrel

Attacks on two plants at the heart of the kingdom`s oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply.

Sep 18, 2019, 09:46 AM IST
Ex-IMF chief Lagarde wins EU approval to lead ECB

Ex-IMF chief Lagarde wins EU approval to lead ECB

The MEPs voted 394 in favour, 206 against and 49 abstentions after a debate was held on Lagarde's suitability for the position in the Parliament's plenary in Strasbourg.

Sep 17, 2019, 18:02 PM IST
Nissan CEO Hiroto Saikawa resigns over pay issue

Nissan CEO Hiroto Saikawa resigns over pay issue

Saikawa`s resignation comes shortly after he admitted that his income had been boosted by speculating on the terms of a salary bonus which was subject to the performance of the company`s shares.

Sep 16, 2019, 11:25 AM IST
General Motors braces for nationwide strike in 12 years

General Motors braces for nationwide strike in 12 years

GM has long been criticized by President Donald Trump for moving production to Mexico as well as closing assembly plants in Ohio and Michigan, which could be key states in the elections in 2020.

Sep 16, 2019, 11:22 AM IST
US-China trade war starting to weigh on global economy: IMF

US-China trade war starting to weigh on global economy: IMF

In its report released in Santiago in July, the IMF lowered its 2019 global growth forecast from 3.3 per cent to 3.2 per cent, citing international tensions and the US-China trade war in particular.

Sep 13, 2019, 17:57 PM IST
London Stock Exchange rejects Hong Kong's $39 bln takeover offer

London Stock Exchange rejects Hong Kong's $39 bln takeover offer

The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal and that HKEX`s relationship with the Hong Kong government would "complicate matters".

Sep 13, 2019, 17:52 PM IST
Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

The takeover bid by the Hong Kong company comes as Britain is set to leave the European Union, a step some politicians fear could weaken its large financial sector.

Sep 11, 2019, 17:35 PM IST
Apple, Foxconn say they overly relied on temporary workers in China

Apple, Foxconn say they overly relied on temporary workers in China

The response comes after China Labor Watch on Monday issued a lengthy report accusing the two companies of breaching numerous Chinese labour laws, including one barring temporary staff from exceeding

Sep 09, 2019, 14:44 PM IST
Nissan CEO intends to quit over pay issue

Nissan CEO intends to quit over pay issue

A Nissan in-house probe found that he had received tens of millions of yen more than he should have through stock appreciation rights.

Sep 09, 2019, 13:51 PM IST
British Airways pilots ground planes in unprecedented 48-hour strike

British Airways pilots ground planes in unprecedented 48-hour strike

Several media reports said that around 300,000 passengers will be hit following the 2-day strike by British Airways’ pilots.

Sep 09, 2019, 10:46 AM IST
US-China trade negotiations to resume in October

US-China trade negotiations to resume in October

The US-China trade war, triggered by Trump's aggressive protectionism since coming to power in Jan 2017, reached its peaked in May, with the imposition of a 25 per cent tariff on Chinese imports

Sep 05, 2019, 12:35 PM IST
China, US kick off fresh escalation in trade war; Donald Trump asks firms to find 'alternatives'

China, US kick off fresh escalation in trade war; Donald Trump asks firms to find 'alternatives'

Trump, writing on Twitter, said his goal was to reduce US reliance on China and he again urged American companies to find alternate suppliers outside China.

Sep 02, 2019, 08:55 AM IST