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Pixel Phone Unit Of Google In China To Be Shifted To Vietnam: Nikkei

The trade war between the United States and China is benefiting some other Asian economies which includes Vietnam and the latest sign of this is confirmed by the latest decision of Google to shift the manufacturing unit for its Pixel range of smartphones into this South East Asian country from...

M&S Could Be Relegated From UK’s FTSE 100 Index In A Week

The famed retailer of the United Kingdom, Marks & Spencer could be delisted from the coveted FTSE 100 list within about a week. This fate of the High Street stalwart is because of its the continued and significant drop in its share prices which could throw the company off the top flight of...

Apple Continues To Depend On China Production Amidst Impending Trump Tariffs

United States tech giant Apple Inc. is still heavily dependent on Chinese manufacturing according to a new report even as the company is set to be hit by the new tariffs imposed on China by President Donald Trump which also includes impending tariffs that would impact its iPhones and iPads starting...

$10-12 Billion Offered By Purdue Pharma To Settle Opioid Claims

According to reports, Purdue Pharma, the manufacturer of the OxyContin painkiller, and owned by the Sackler family, has made an offer of between $10 billion to $12 billion against settlement of more than 2,000 lawsuits against the company in the opioid scandal in the United States.   The...

China Could Give Major Order After Any U.S.-China Trade Deal: Boeing CEO

Any deal that would bring to end the year long trade war between the United States and China would result in an aircraft order for Boeing.   In an interview to the news agency Reuters, the company’s Chief Executive Dennis Muilenburg however also cautioned that it was “tough to predict” when...

Highly Promising Psoriasis Drug To Be Purchased By Amgen For $13.4 Billion

Otezla, which is a psoriasis drug made by pharma company Celgene that is believed to have high potential will be bought by Amgen in a deal worth $13.4 billion. This deal is part of the forced divestment of Celgene according to directions of antitrust authorities in its efforts to merge with...

J&J Held Found Guilty As A Drugmaker For The US Opioid Crisis

In what is the first instance of a United States court holding a pharmaceutical company liable for a sudden increase in addiction and overdoses caused by drugs, a court in Oklahama found drug maker Johnson & Johnson responsible for the opioid epidemic in the region and has ordered the company...

US-China Trade War Again Engulfs BMW, Mercedes-Benz And The Likes

The number vehicles that are exported to China from the United States was reduced by 50 per cent after the former imposed a retaliatory tariff to those of US president Donald Trump by imposing a 25 per cent tariff on US made cars in the middle of 2018.   But for most of 2019, most of the...

$16m Settlement In US ‘Princelings’ Case To Be Paid By Deutsche Bank

Settlement of charges that it had employed unqualified relatives of powerful Russian and Chinese government officials to win business will be made by Deutsche Bank for a $16m fine with the United States authorities.   False books to record the hirinngs had been used by the Germany’s largest...

US Ban On Huawei To Hit The Company By $10-Billion In Revenues

Chinese tech giant Huawei Technologies anticipates that its consumer devices business would potentially generate about US$10-billion less in annual revenues because of the United States  export restrictions as the company has been banned from purchasing components like semiconductors and...

New Unrecyclable Plastic Packaging Of Amazon In UK Draws Severe Criticism

The largest e-commerce company in the world Amazon has been pulled up by environmental groups and customers in the United Kingdom after the company introduced a number of plastic packaging which is not possible to be recycle din the country.,   According to reports, the online retailer...

Analysts Say Downgrade Of Apple Stocks Not Due To US-China Trade War

Apple shares were downgraded from neutral to sell by Rosenblatt in July and the broker is still holding on to its that position for the stock. A 28 per cent drop from the stock’s Tuesday’s close of about $210 per share was represented by the long-term price target of $150.   “We continue to...
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