Category: Economics

China will see ‘substantial improvement’ in Russia ties thanks to US tariffs: Official 0

China will see ‘substantial improvement’ in Russia ties thanks to US tariffs: Official

U.S. tariffs on Chinese goods are going to lead to a “substantial improvement” between China and its neighbor Russia, the former People’s Bank of China (PBOC) Governor Zhou Xiaochuan told CNBC Tuesday. “From the...

Big tech monopolies are ‘going to be a problem more and more,’ media expert warns 0

Big tech monopolies are ‘going to be a problem more and more,’ media expert warns

Facebook will face similar issues as it enters live sports streaming, he continued. The social network recently won the rights to show Premier League matches in certain Southeast Asian countries and La Liga matches...

Economist: Global trade tensions are now here to stay — no matter who leads the US 0

Economist: Global trade tensions are now here to stay — no matter who leads the US

Those hoping that U.S.–China trade tensions will disappear when President Donald Trump leaves office should think again, according to economist Tyler Cowen. Those tensions are here to stay and the world must prepare for...

Cisco chief: New US tariffs on Chinese goods would be ‘fairly significant’ for us 0

Cisco chief: New US tariffs on Chinese goods would be ‘fairly significant’ for us

Cisco might have to deal with the fallout from an ongoing trade war between the U.S. and China by passing on higher prices to its customers, the company’s chairman and CEO told CNBC on...

China is set to ask the WTO for permission to impose sanctions on the US 0

China is set to ask the WTO for permission to impose sanctions on the US

The Asian nation initiated the dispute in 2013, complaining about U.S. dumping duties related to several industries including machinery and electronics, light industry, metals and minerals — with an annual export value of up...

US-Sino trade war could push investors to favor yuan over the dollar, former PBOC governor says 0

US-Sino trade war could push investors to favor yuan over the dollar, former PBOC governor says

An escalating trade war between the world’s two largest economies could persuade an increasing number of global investors to favor China’s yuan over the U.S. dollar, the former People’s Bank of China (PBOC) Governor...

Ford’s shares lag as CEO Hackett provides scant details of turnaround plan 0

Ford’s shares lag as CEO Hackett provides scant details of turnaround plan

It’s one of the biggest unknowns in the auto industry: How will Ford CEO Jim Hackett restructure the beleaguered automaker? More than a year after becoming CEO, and two months after he said it...

Politician seen as Malaysia’s future leader says his scandal-hit nation can become corruption-free 0

Politician seen as Malaysia’s future leader says his scandal-hit nation can become corruption-free

Malaysia will continue to seek fair terms on Chinese investment, he said, following Mahathir’s suspension of three China-backed projects worth around $22 billion that were signed under the previous administration. Kuala Lumpur had deemed...

Putin takes another swipe at protectionism, ‘sanctions, bans and political bias’ 0

Putin takes another swipe at protectionism, ‘sanctions, bans and political bias’

“We’re convinced that in order for our region to continue to achieve high growth rates, and to remain a key participant in the global economy and trade, it should retain the spirit of economic...