Author: Fbiz
US Trade Warriors Pursue Some Obscure Cases
16/05/2019
President Donald Trump’s high-profile trade offensives have grabbed headlines and rattled financial markets around the world. He’s battling China over the industries of the future, strong-arming Canada and Mexico into reshaping North American trade and threatening to tax cars from Europe. But his trade warriors are fighting dozens of more obscure battles — over …
Retail Chiefs Dismiss AI Job Threat, Promise More Training
16/05/2019
Executives from major global retailers played down the threat to employment in stores from artificial intelligence and automation on Thursday and pledged more training to help staff adopt more high-value tasks as machines take over their work. Retail is one of the largest employers in many developed economies and experts have predicted automation puts millions …
Is It Time for Vietnam’s Companies to Go Global?
13/05/2019
Usually, the U.S. ambassador in Hanoi brings American interests to Vietnam, but next month he plans to take Vietnamese companies to the United States. U.S. Ambassador to Vietnam Daniel J. Kritenbrink and his team have been recruiting companies in the Southeast Asian country for a business delegation to Washington, D.C., which sparks a broader question: …
Is It Time for Vietnam’s Companies to Go Global?
13/05/2019
Usually, the U.S. ambassador in Hanoi brings American interests to Vietnam, but next month he plans to take Vietnamese companies to the United States. U.S. Ambassador to Vietnam Daniel J. Kritenbrink and his team have been recruiting companies in the Southeast Asian country for a business delegation to Washington, D.C., which sparks a broader question: …
US Expects China Tariff Retaliation
12/05/2019
The U.S. said Sunday it expects that China will retaliate with increased tariffs on U.S. exports after President Donald Trump sharply boosted levies on Chinese products headed to the United States. Chief White House economic adviser Larry Kudlow told “Fox News Sunday” that “both sides will suffer” from the escalating trade war between the U.S. …
US Expects China Tariff Retaliation
12/05/2019
The U.S. said Sunday it expects that China will retaliate with increased tariffs on U.S. exports after President Donald Trump sharply boosted levies on Chinese products headed to the United States. Chief White House economic adviser Larry Kudlow told “Fox News Sunday” that “both sides will suffer” from the escalating trade war between the U.S. …
Trump Has Long Seen Previous US Trade Agreements as Losers
11/05/2019
President Donald Trump’s combative approach to trade has been one of the constants among his often-shifting political views. And he’s showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world’s two biggest economies. The president went after China on Day 1 …
Trump Has Long Seen Previous US Trade Agreements as Losers
11/05/2019
President Donald Trump’s combative approach to trade has been one of the constants among his often-shifting political views. And he’s showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world’s two biggest economies. The president went after China on Day 1 …
AP Fact Check: Trump’s Tweets on Trade Battle With China
10/05/2019
President Donald Trump let loose with a morning round of tweets Friday that downplayed the possible consequences of his trade war with China. Trump minimized the worth of China’s purchases of U.S. goods and services, which support nearly 1 million jobs in the U.S.; misstated the trade deficit; and ignored the inevitable rise in …
AP Fact Check: Trump’s Tweets on Trade Battle With China
10/05/2019
President Donald Trump let loose with a morning round of tweets Friday that downplayed the possible consequences of his trade war with China. Trump minimized the worth of China’s purchases of U.S. goods and services, which support nearly 1 million jobs in the U.S.; misstated the trade deficit; and ignored the inevitable rise in …
Your Uber Has Arrived, on Wall Street
10/05/2019
With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday and investors waited to bet on a service with huge potential, but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public offering for $45 each, raising $8.1 …
Your Uber Has Arrived, on Wall Street
10/05/2019
With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday and investors waited to bet on a service with huge potential, but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public offering for $45 each, raising $8.1 …
US-China Trade Talks End with No Apparent Deal
10/05/2019
The United States and China appear to have ended their latest round of trade negotiations without announcing any agreement. On Friday, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer met briefly with the Chinese delegation led by Vice Premier Liu He. After the talks, Mnuchin briefly spoke to reporters saying that discussions …
US-China Trade Talks End with No Apparent Deal
10/05/2019
The United States and China appear to have ended their latest round of trade negotiations without announcing any agreement. On Friday, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer met briefly with the Chinese delegation led by Vice Premier Liu He. After the talks, Mnuchin briefly spoke to reporters saying that discussions …
Vietnam’s Changing Ties with Sweden a Sign of Times
09/05/2019
It’s a little-known fact that Sweden was the first western country to recognize the government of Vietnam, in 1969, at a time when many states were wary of ruffling the feathers of their ally, the United States, which was fighting a war in the Southeast Asian country. Sweden went on to become the biggest foreign …
Vietnam’s Changing Ties with Sweden a Sign of Times
09/05/2019
It’s a little-known fact that Sweden was the first western country to recognize the government of Vietnam, in 1969, at a time when many states were wary of ruffling the feathers of their ally, the United States, which was fighting a war in the Southeast Asian country. Sweden went on to become the biggest foreign …
Wall Street Slips as US-China Trade Fears Rise
08/05/2019
U.S. stocks slid Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets. The Dow Jones Industrial Average posted its second-biggest daily percentage drop of the year, while the S&P 500 and Nasdaq registered their third-biggest percentage drops, even as the major indexes …
Wall Street Slips as US-China Trade Fears Rise
08/05/2019
U.S. stocks slid Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets. The Dow Jones Industrial Average posted its second-biggest daily percentage drop of the year, while the S&P 500 and Nasdaq registered their third-biggest percentage drops, even as the major indexes …
US Lawmakers Alarmed by New Trump Tariffs on Chinese Goods
07/05/2019
U.S. President Donald Trump’s intention to further hike U.S. tariffs on Chinese goods has alarmed American lawmakers of both parties who fear dire economic consequences from escalating tensions between the United States and its trading partners. “I’m anxious for the tariff war to come to an end,” Republican Sen. Jerry Moran of agriculturally rich Kansas …
US Lawmakers Alarmed by New Trump Tariffs on Chinese Goods
07/05/2019
U.S. President Donald Trump’s intention to further hike U.S. tariffs on Chinese goods has alarmed American lawmakers of both parties who fear dire economic consequences from escalating tensions between the United States and its trading partners. “I’m anxious for the tariff war to come to an end,” Republican Sen. Jerry Moran of agriculturally rich Kansas …
Porsche Fined 535 Million Euros Over Diesel Cheating
07/05/2019
German sports car maker and Volkswagen subsidiary Porsche will pay a 535-million-euro ($598 million) fine over diesel vehicles that emitted more harmful pollutants than allowed, Stuttgart prosecutors said Tuesday. “The Stuttgart prosecutor’s office has levied a 535-million-euro fine against Porsche AG for negligence in quality control,” the investigators said. Porsche “abstained from a legal challenge” …
Porsche Fined 535 Million Euros Over Diesel Cheating
07/05/2019
German sports car maker and Volkswagen subsidiary Porsche will pay a 535-million-euro ($598 million) fine over diesel vehicles that emitted more harmful pollutants than allowed, Stuttgart prosecutors said Tuesday. “The Stuttgart prosecutor’s office has levied a 535-million-euro fine against Porsche AG for negligence in quality control,” the investigators said. Porsche “abstained from a legal challenge” …
US to Impose Tariffs on Mexican Tomatoes as New Pact Remains Elusive
07/05/2019
The United States will impose a 17.5 percent tariff on Mexican tomato imports starting on Tuesday, as the two countries were unable to renew a 2013 agreement that suspended a U.S. anti-dumping investigation, a Mexican official said on Monday. The U.S. Commerce Department said in early February that the United States would resume an anti-dumping …
US to Impose Tariffs on Mexican Tomatoes as New Pact Remains Elusive
07/05/2019
The United States will impose a 17.5 percent tariff on Mexican tomato imports starting on Tuesday, as the two countries were unable to renew a 2013 agreement that suspended a U.S. anti-dumping investigation, a Mexican official said on Monday. The U.S. Commerce Department said in early February that the United States would resume an anti-dumping …
Too Many Jobs, Too Few Qualified Workers are Economic Obstacles in Vietnam
07/05/2019
Vietnam has long been a tough place to hire and keep employees, but it’s even tougher now, as business trends force companies to scramble to recruit enough staff, according to a new report. Foreign retail brands are entering the market for Vietnamese customers, factories and other businesses are relocating here from China, and employers increasingly …
Too Many Jobs, Too Few Qualified Workers are Economic Obstacles in Vietnam
07/05/2019
Vietnam has long been a tough place to hire and keep employees, but it’s even tougher now, as business trends force companies to scramble to recruit enough staff, according to a new report. Foreign retail brands are entering the market for Vietnamese customers, factories and other businesses are relocating here from China, and employers increasingly …