Ford released its first-quarter earnings and reported that it beat the estimates due to the demand for its pickup trucks and SUVs in North America. But on the downside, it reported a loss in South America and China. The company also said that it was optimistic that 2019 will be…
Chinese tech giant Huawei, which manufactures smartphones and supplies telecom equipment all over the world, has been in the eye of a storm for much of the year, but it was not reflected in its revenues for the 1st quarter of the year. The company has been accused of wire…
The United States President Donald Trump has exerted immense pressure on the drug industry to lower their prices and considering the fact that the US is the biggest market for drug makers, most of them have to comply with the new ground rules. In that regard, the Swiss pharmaceutical giant…
The electric car industry in China has exploded over the past few years with big-ticket car manufacturers and start-ups getting into the act. In a fresh development, Japanese car making giant Toyota has decided to sell its electric car manufacturing technology to small Chinese outfit Singulato, which has been in…
The world’s largest economy China is expected to a see a slow growth of 6.2% this year despite policy support from Beijing due to low local and international trade demand. The Chinese government had announced many measures which include tax cuts to reduce the balance sheets, more spending on infrastructure…
Ever since United States President Donald Trump entered the White House, there has been pressure on a range of American manufacturers to keep jobs in the country, and one of the industries that came in for particular censure was the automobile industry. In a fresh development, American car manufacturing giant…
Dropping housing prices in Hong Kong has given way to concern about how the downturn will affect the city’s economy. Real estate plays a key role in Hong Kong’s economy. The U.S. China trade war has caused the home values in one of the world’s most expensive real estate market…
A new report by British Lawmakers alleged Facebook of violating U.K. data privacy and anti-competition laws “intentionally and knowingly,” and it needs regulation and investigation on urgent basis. The final report has been issued on Monday. The report has been made by the U.K.’s Digital, Culture, Media and Sports committee.…
The US is considering to withdraw its zero-tariff policy for India on goods worth over $5.6 billion which India exports to the United States. Reports surface amid the dispute over trade and investment policies widen in the US. This is the latest downturn in the saga of deteriorating US-India trade…
An Indian legislative committee is worried by the effect that cryptocurrency could have on the Indian currency-rupee, if that it is permitted to be utilized for payments, as indicated by a report revealed by Quartz recently. The article alludes to government board driven by Indian Economic Affairs Secretary and former…