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Hong Kong - China's economic growth slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States.
Source: The Conversation UK
more than one-third of the world’s food produce goes to waste every single year. This adds up to a staggering 1.3 billion tonnes of food, more than seven million tonnes of which is produced in the UK.
July 12, 2019 With no trade deal near, company forecasts this earnings season are likely to be cloudySource: CNBC
Bears believe second-half guidance will be cautious and lower than expected due to slower global growth and the related trade and tariff issues. Bulls argue that dovish global central banks and the likelihood that some kind of...
France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.”
A widely expected interest rate cut by the U.S. Federal Reserve would give China more breathing room in shoring up its slowing economy, some analysts said.
July 9, 2019 In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongingsSource: CNBC
The scene was solemn at Deutsche Bank’s offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest rounds...
July 9, 2019 Trump’s Tariffs Are Reshaping the US Steel IndustrySource: Market Realist
Last year, President Trump slapped a 25% tariff on US steel imports. The Department of Commerce’s investigation determined that steel imports are a threat to US national security. The tariffs were imposed under Section 232 of the...
July 8, 2019 Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaulSource: CNBC
Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability.
Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken....
Several major U.S.-based technology companies are planning to shift substantial production out of China, spurred by a bitter trade war between Washington and Beijing, the Nikkei reported on Wednesday, citing sources.
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