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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...

$2 Billion Award In Roundup Trial Against Bayer In US, Shares Fall

Upholding the allegations against Bauer’s Roundup weed killer being a cause of cancer, the largest U.S. jury verdict against the company – over $2 billion to a California couple was awarded by a jury, which sent the shares of company dropping by as much as 5 per cent.   That threatened the...

China Using Non-Tariff Barriers To Import Of Their Farm Products: Canadian Farmers

According to reports, a diplomatic dispute with China has become a cause of concern for exporters of farm products from Canada as many of them – including exporters of soybeans, peas and pork, find their products being held up at Chinese ports, reports say that this list is growing.   ...

No More Extension Of Waivers On Iranian Oil Imports: US

All the waivers given to some countries linked to the sanctions on Iranian oil by the United States would not be renewed, the Trump administration announced on Monday. Several countries were not imposed additional sanctions by the US for continuing to import Iranian oil even after a sanction on the...

Study Shows US Beverage Firms Paid $250M Extra In 2018 Due To Aluminum Tariffs

A country wide trade association that represents the U.S. brewing industry has recently unveiled a study that shows that the import tariffs that were put on aluminum by the United States President Donald Trump under Section 232 has resulted in the U.S. beverage industry making additional payments...

Ford To Exit Russian Auto Market

United States automaker Ford Motor Co has decided to move out of the Russian market.   Ford is going to close down its joint venture in Russia - Ford Sollers, formed earlier with a domestic company, and the two assembly units of the company in the country would also be closed down as a...

Levi Strauss’ IPO Will Give It Much Needed Money For Expansion

The pioneer and inventor of blue jeans, Levi Strauss & Co is returning to the United States stock market after about three decades through its launch of its IPO and the company is expecting to generate about $587 million through sale of shares. If that amount of money is generated by the...

Jobs Would Be At Threat By Europe's CO2 Cuts: Chief Of French Carmaker PSA

There can be a threat to 13 million jobs in the auto sector in Europe because of the plans of the European Union to further cut down the threshold of the carbon dioxide (CO2) emissions from vehicles and to force auto makers to fast shift to making more of electric cars. This warning was issued by...

UK Bank Branches In EU Should Ensure Protection Of Deposits, Urges EU Banks Watchdog

In the eventually of Britain leaving the European Union without a deal on trade, the branches of British banks which are placed in the rest of the EU need to offer deposit account protection for customers of such branches. This has been urged by the EU banking watchdog.   According to the EU...

Record Number Of Robots Purchased By US Companies In 2018

According to the figures from the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan, more robots than ever before were bought and installed by U.S. companies in 2018 as businesses of all sizes could afford them because of cheap prices and greater flexibility of...

Unmanned Combat Jet Developed In Australia Unveiled By Boeing

An unmanned, fighter-like jet which has been developed in Australia was unveiled by Boeing Co recently. The craft has been designed to fly alongside crewed aircraft and take part in combat at a fraction of the costs for manned crafts.   There is scope for modifications on the crafts and the...

UK Should Understand Threats From Chinese Telecom Firms: GCHQ

The potential "opportunities and threats" of using Chinese technology should be understood by the United Kingdom, said the country’s cyber-security agency.   The need for better cyber-security practices in the telecoms industry was stressed in a speech by Jeremy Fleming, director of the...
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