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News & Updates

July 15, 2019 China's economic growth slumps to lowest in 27 years as the trade war hits

Source: CNN

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.

July 12, 2019 Food waste: using sustainable innovation to cut down what we throw away

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 cloudy

Source: 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...

July 11, 2019 France approves digital tax on American tech giants, defying US trade threat

Source: CNBC

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.”

July 11, 2019 Fed rate cut would ease pressure on China’s central bank, analysts say

Source: CNBC

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 belongings

Source: 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 Industry

Source: 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 overhaul

Source: 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.

July 5, 2019 Strong job growth is back: Payrolls jump in June well above expectations

Source: CNBC

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....

July 3, 2019 HP, Dell, other tech firms plan to shift production out of China: Nikkei

Source: Reuters

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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