Thursday, September 23, 2021
OF THE various things Britain’s government has got wrong in its Brexit negotiating strategy, perhaps the most enduring is the belief that it could drive a wedge into the ranks of the remaining 27 members of the European Union. A favourite early mantra of Brexiteer MPs was that German carmakers would pressure Angela Merkel to…
Wall Street was unimpressed with Apple's quarterly earnings results, announced on Thursday— so much so, that shares plunged over 7% after the bell, putting Apple in danger of losing its much-vaunted market cap of $1 trillion. At the time of writing, Apple stock is priced at $206.30 in after-hours trading, and still moving around. Should…
Apple biggest iPhone assembly partner is expecting a rough year in 2019. Foxconn Technology Group issued an internal company memo, saying that it plans to cut 20 billion yuan ($2.9 billion) from its expenses in 2019, Bloomberg is reporting. The memo says Foxconn’s decision is the result of company forecasts predicting “a very difficult and…
Alibaba Group Holding Ltd. logged 10 billion yuan ($1.44 billion) of sales volume in the opening minutes of its annual Singles’ Day extravaganza, outpacing last year’s start as shoppers around the world swarmed the e-commerce giant’s online bazaars. China’s largest company, which is trying to drum up business via a concurrent televised entertainment spectacle featuring…
SHANGHAI/BEIJING (Reuters) - Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider what the country’s slowing economy could mean for booming jet demand. J-20 stealth fighters of Chinese People's Liberation Army Air Force (PLAAF) are seen during…
WASHINGTON — Diplomatic pressure from the United States and Britain, Saudi Arabia’s biggest arms suppliers, abruptly intensified on Wednesday for a cease-fire in the Yemen war, the world’s worst man-made humanitarian disaster. The calls for a halt to the three-and-a-half-year-old conflict — made by Secretary of State Mike Pompeo, his British counterpart, Jeremy Hunt, and…
The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and…
“NATION LONGS for one more day with dying manufacturing sector.” This headline, published in 2014 by the satirical website the Onion, anticipated both President Donald Trump’s fears and the retorts he gets from his critics. Mr Trump campaigned on a promise to bring back jobs in manufacturing after decades of decline. To those who see…
THE FATE of the euro was always going to depend on Italy. With annual GDP of more than €1.6trn ($1.9trn), about 15% of euro-area output and debt of nearly €2.3trn, it poses a challenge to the single currency that Europe seems unable to manage but cannot avoid. Matters are now coming to a head, as…
Image copyright Getty Images Image caption Carlos Ghosn is head of the Alliance, which includes Nissan, Renault and Mitsubishi Nissan chairman Carlos Ghosn has been arrested over claims of financial misconduct, the carmaker has said.Mr Ghosn, a towering figure in the car industry, will be sacked from the Japanese firm after a board meeting on…