Business

US coal miners worry Trump-China trade dispute could hit exports

US coal miners worry Trump-China trade dispute could hit exports

The Treasury investment restrictions are expected to target key sectors, including several China is trying to develop as part of its "Made in China 2025" industrial plan, the US official said. "Nobody wins" a trade war, IMF Managing Director Christine Lagarde said in a statement earlier this month. Beijing is increasingly mindful that its rollout of the ambitious plan has triggered USA backlash.


The Indian rupee has hit an all-time-low

The Indian rupee has hit an all-time-low

Brent crude was trading at almost $78 a barrel in Asian trade today. According to The Times of India, the currency market is also nervous after the RBI painted a gloomy picture of the banking sector in its recently-released Financial Stability Report.


Europe will strike back in case of new US tariffs

Europe will strike back in case of new US tariffs

Build them here! It's the biggest export market for an industry that forms the backbone of manufacturing in Europe. Trump initially exempted the EU from the metal tariffs, but let the temporary reprieve expire after negotiations with the Europeans fell apart.


Trump rails against Harley Davidson's decision to flee United States despite his backing

Trump rails against Harley Davidson's decision to flee United States despite his backing

He also vowed to retaliate against Harley-Davidson with taxes and said its "employees and customers are already very angry at them". In one Tuesday tweet , Trump suggested that Harley was motivated by a hidden agenda, writing: "Harley must know that they won't be able to sell back into the US without paying a big tax!" He said Trump has a "legitimate beef" with the company, since their existing plan was to close a Kansas City plant as part of a goal to have 50 percent of their ...


BMW shares fall; exec says United Kingdom plants could close amid Brexit disruption

BMW shares fall; exec says United Kingdom plants could close amid Brexit disruption

The jobs of 14,000 employees of Airbus are at an extreme risk if the transition deal is not designed before the United Kingdom exits the customs union and single market. Katherine Bennett, the Head of Airbus in the United Kingdom has also stated that the exit plan is not a threat but a reality which is about to dawn on the country.



"Death To Khamenei!": In Tehran protesting against the ayatollahs

A day before, merchants at the Aladdin and Charsou mobile phone shopping centers in central Tehran protested against the rapid depreciation of the rial by closing down their shops. Traders from the bazaar, whose merchants supported Iran's 1979 Islamic revolution, said most shops remained closed. Iran last witnessed mass protests in December, when demonstrations across 75 cities saw more than 5,000 activists arrested and at least 25 killed by security forces.