China refuses to accept US demands to ease curbs on tech firms
Ahead of a fresh leg of Sino-US trade talks this week, Chine may not be accepting US demands of easing curbs on tech firms, a Financial Times report revealed on Sunday
Article List
US files criminal charges against autonomy founder Lynch
On Friday, the 22nd of March 2019, US prosecutors had added three fresh criminal charges against British entrepreneur Mike Lynch, related to an $11.1 billion sale of his software company Autonomy to HP in 2011.
Europe must not remain hostage to Brexit, says French President Macron
On Friday, the 22nd of March 2019, French President Emanuel Macron told that the Europe must not remain a hostage to an ongoing Brexit chaos
Google rival seeks more details on Google’s Android proposal
On Friday, the 22nd of March 2019, a smaller Google rival, Czech search engine provider, Seznam had urged Google to reveal more details about their plans to increase numbers of rival search apps on Android smartphones
EU insists on better access to Chinese market
Amid an ongoing trade dispute with United States over an overhaul of its economic policy and better access of US firms into Chinese market, European Commission now urges China for a better and equitable market access.
EU to drop threats of Huawei ban, but wants 5G monitored
The European Union Commission has been set to urge EU-nations next week to share more data for dealing with cybersecurity risks linked to 5G networks
Image sharing site Pinterest files for IPO
Pinterest Inc. owner of the image search website largely known for the fashion and food related photos that the users share, had filed for an IPO (initial public offerings) with US regulators on Friday, the 22nd of March 2019.
Thomas Cook shuts 21 stores & slashes jobs to shift online
UK-based travel company Thomas Cook had been planning to trim more than 300 jobs and shut down 21 stores in their UK retail network, at a move to muzzle down the cost to focus more on online businesses
US factory sectors soften, yields-curve inverted, lethal sign for economy?
In March, US manufacturing activity had surprising dropped despite a strong labor market and wage growth, pointing towards a troubling sign that the economy might soon have joined China, Italy & Germany
Autonomy founder Lynch to face $5 billion HP lawsuit
Mike Lynch, once long-cherished for UK’s answer to another Bill Gates, would be facing Hewlett-Packard in London’s High Court on Monday, the 25th of March, in a multi-billion-dollar lawsuit
GM to build new EV, invests $300 million in Michigan plant
On Friday, the 22nd of March 2019, the General Motor Co., Detroit based US automaker, had confirmed that they would be investing around $300 million in a Detroit Assembly plant
Alibaba, Tencent to set up $1.5 billion ride-hailing venture in China
Alibaba, Suning, Tencent and car makers such as Chongqing Changan Automobile had been exploring an option to set up a $1.5 billion Chinese ride-hailing venture
Nike shares sour over North American weakness, Wall St. remains upbeat
On Friday, the 22nd of March 2019, the share prices of Nike Inc, US footwear manufacturing company headquartered near Beaveton, dipped as much as 6 percent
Levi Strauss shares surge 31% in stock market return after three decades
On Thursday, the shares of jeans maker Levi Strauss & Co. had surged more than 31 percent on their debut at New York Stock Exchange, proffering the San Francisco-based clothing vendor a market capitalization of $8.7 billion
Saudi pushes for at least $70 per barrel crude oil
Budget concerns had been pressing Saudi to thrive for a higher oil price of as little as $70 per barrel this year, at least three industry sources with knowledge regarding OPEC output cut mentioned on Friday
Global growth rebound hopes buffeted by weak factory data
In march, manufacturers of world’s top five economic superpowers had languished lavishly, as surveys showed a deteriorating outlook on factory output amid a gruesome trade war
European shares extend loss on perilous PMI, yield curve ring alarming bell
On Friday, the 22nd of March 2019, the European stocks extended their losses, ending the day near session lows, after weak manufacturing data across the Europe had boorishly buffeted the investors’ sentient
Global stocks hard-boiled after weak PMI across the world
On Friday, the 22nd of March 2019, a gauge of global stocks had experienced an excruciating slash-and-burn after release of much worse-than-anticipated manufacturing output data across Europe and United States.
Fed prods Americans to purchase more on credit
Federal Reserve’s much more dovish-than-anticipated decisive statement earlier this week had already signaled that another interest rate-hike this year might have already been out of the questions, goading the US citizens to purchase more
Wall St. pushes global stocks higher, dollar upbeat despite dovish fed
On Thursday, the 21st of March 2019, global stocks had somehow averted a closure deep in the reds, as a Wall St. led rally, largely boosted by Apple and tech stocks had backed the global stock index
Volvo adds in-car sensors to prevent drunk driving
At a briefing in Gothenburg on Wednesday, the 20th of March 2019, Swedish carmaker Volvo said that they had been reinforcing their safety-first driving mandate by installing sensors along with cameras
FBI Joins criminal investigation on Boeing 737’s Max certification
The US Federal Bureau of Investigation (FBI), had joined the criminal investigation over the certification issue of Boeing’s latest aircraft model 737 Max 8, a Seattle Times report had revealed on Wednesday
South Korean Watchdog cuts Qualcomm fine after decade-long legal battle
On Thursday, the 21st of March 2019, the Korea Fair Trade Commission (KFTC) had issued a statement saying that the South Korean antitrust regulator had decided to deduce a decade-old financial penalty
Tariffs on Chinese goods may stay for substantial period, says Trump
On Wednesday, the 20th of March 2019, the US President Donald Trump said that the United States might leave tariffs on Chinese goods for a “substantial period"
Fed says no rate hike in 2019, slashes growth forecast
Later on, Wednesday, the 20th of March 2019, the US Federal Reserve had put an end to its rancorous cycle of rate hiking, evaporating possibilities of any rate hike this year
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