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Sotheby’s Expect Bid Of Up To $160,000 For Nike ‘Moon Shoes’ & ‘Back To The Future’ Sneakers

A price of as much as $160,000 could be paid for by bidders in an auction held by Sotheby’s for a rare pair of Nike “Moon Shoes”.   Dubbed “Stadium Goods: The Ultimate Sneaker Collection Online”, collectors and bidders would be allowed to place their bids on an array of rare sneakers in a...

Worse Economic Outlook For Euro Zone Due To Uncertain US Trade Attitude

The forecast of growth for the next year for the euro zone economy was lowered by the European Commission on Wednesday. The commission cited the lurking uncertainty related to the United States trade policy was amongst the major risk for the economy of the region.   The estimate for...

A Retail Ban On Crypto Derivatives Being Proposed By UK Markets Watchdog

The possibility of the prevalence of market abuses is driving the United Kingdom markets watchdog to propose a ban on the sale of derivatives that are based on crypto-assets to retail consumers as early as form the beginning of 2020.   The Financial Conduct Authority of the UK said on...

American Pork Offsets Export Loss Due To Trade War By Focusing On Smaller Countries

Since the initiation of the trade war by US president Donald Trump last year with China and Mexico, hundreds of millions of dollars in export sales to these two countries have been lost by American hog according to data from the US Meat Export Federation and the US Department of Agriculture (USDA),...

Global Oil Output Cuts To Continue For 6 Months, Say Russia And Saudi Arabia

The OPEC oil production cuts deal has been decided to be extended by another six to nine months by Russia and Saudi Arabia, announced the Russian President Vladimir Putin at the G-20 leaders summit in Japan.   The deal which is set to expire on June 30 would be discussed in a meeting on July...

Crackdown On Cryptocurrencies Launched By Global Money-Laundering Watchdog

The Financial Action Task Force (FATF) - a global watchdog, rules would be created to govern cryptocurrency companies so that there is a reduction in the incidents of misuse of digital coins such as bitcoin for the purpose of money laundering. This would be the first effort globally at bringing the...

A ‘Dramatic’ Drop In Car Production Hits UK Economy Hard

Official figures in the United Kingdom showed that there had been a "dramatic" drop in car production along with reduction of stockpiles by auto companies which resulted in a shrinking of the economy in April.    According to statistics from the Office for National Statistics (ONS) of...

Mexico Refuses Suggestions Of It Being An Asylum To Central American Migrants

The idea that could be proposed by the United States with its talks with Mexico about the later providing asylum to immigrants from Central America would be rejected by Mexico even as it faced threats of import tariffs on all of its goods into the US by US president Donald Trump last month over the...

Ban On Boeing 737 Max Should Be Lifted Jointly Globally, Wants Airlines

Regulators globally should coordinate in implementing the software changes to the Boeing 737 Max, believes global airlines so that the lifting of the ban on the global grounding of the crafts can be made together uniformly throughout the world.   A series of differently timed decisions to...

UK Electric Vehicle Owners Risking Life By Charging From Home Mains Supply

Owners and drivers of electric vehicles in the United Kingdom are taking the very dangerous option of getting their vehicles charged at home because of a shortage of public charging infrastructure in the country, claimed an electrical safety charity.   The report, based on a survey called...

China Could Hit US With Rare Earths In The Ongoing Trade War

In the ongoing bitter trade war with the United States, China has warned that it could hit back by using its access to rare earth elements. This was conveyed by the Chinese authorities through an extremely strongly worded commentary in China’s Communist Party newspaper on Wednesday where in China...

Mexico Close To Striking Deal With Us On Tariffs On Steel & Aluminum

According to news reports quoting a senior Mexican official, an agreement with the United States over steel and aluminum tariffs without quotas is soon to be reached. Mexico also hopes that a similar agreement is reached by Canada before completing it.   A deal to remove the so-called...
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