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10% Of Employees To Lose Job At Elon Musk’s Spacex

More than 10% of its 6,000-person workforce would be laid off by SpaceX because of issues that the company is reportedly having with two of its most expensive projects.   While claiming that its financial position is strong enough, Elon Musk's space exploration company claimed that the jobs...

Slowest Economic Growth In 2018 For Germany In Five Years

The latest official figures from Germany show that its economy grew at the slowest rate in 2018 since 2013 at 1.5 per cent. There has been a sharp slowdown on the Europe's largest economy as 2018 progressed, shows figures from the Federal Statistics Office.   The primary headwinds causing...

China Slowdown Primary Reasons For Anticipated Profit Drop At Samsung In Q4

The slowdown of economic growth in China - which is one of the crucial markets for the South Korean tech giant Samsung Electronics, was cited to the primary reason for the company being set to announce its first quarterly operating profit in two years.   Such a result would definitely add to...

US & China Hit By Trade War Showed By Apple's Woes, Could Push Both Towards A Trade Deal

Amongst the clearest signs that the Trump administration's trade war with China is hitting the United States is the slowing down of sale of Apple Inc in China and a sudden drop in the manufacturing economy in the US. And according to analysts, these factors could lead both the countries – China and...

Singapore Property Could Have Muted Demand In 2019, Says Researcher

In 2019, Singapore's residential property market could be under pressure because of the rising interest rate environment in the U.S. according to the opinion of an executive from a real estate services and investment firm as told in a television interview.   According to a report from real...

Despite Weighed Down By Growth Fears, Oil Rises To $51 After Steep Drop

As the concerns of the oil industry and the oil market about the future of the global economy, that drove down global oil prices to its lowest since June 2017, ebbed away amidst perceptions that such concerns were overdone and aided by an OPEC-led effort to tighten supply, the global price of oil...

Brexit, Trump Are The Biggest Risks To Economy According To German Industry

The biggest risks to global as well as domestic economic growth potential was posed by the trade disputes that have been initiated by United States president Donald Trump against China, Europe and other countries and the uncertainty that reigns over the departure from the European Union (EU) of the...

Global Nuclear Market Left Open For Russia & China After Japan Inc Exit From Foreign Projects

The British and Turkish nuclear newbuild industry would be left open only to Russian and Chinese state-owned companies because the Western [private companies are too weak to complete after the potential exit of Japanese conglomerates from nuclear export projects in Britain and Turkey.  ...

Possible January Trade Talks Between China And US: US’s Mnuchin

According to United States Treasury Secretary Steven Mnuchin, meetings between trade representatives of the US and China would probably hold their first official meeting since the 90 day trade truce in January for development of a larger truce in the trade was but it was not likely that they would...

Citi Says A G20 Summit Will Not Necessarily Bring End To Trade War

According to the view point of Citibank's Asia Pacific regional head of investments, strategic dominance instead of trade is more the core issue in the every escalating trade tensions between the two largest economies of the world the United States and China.   "It's not something that's...

Global Crude Prices Reach Lowest Since December 2017 As Slump Continues

Concerns over an emerging over supply in the market and the bleak forecast cause global oil prices to drop to its lowest in seven months on Friday.   The fall has made the prospect of a production cut by the Organization of the Petroleum Exporting Countries (OPEC) an eventuality after the...

Facebook Fails To Prevent Of Auction Of Teenage Girl By Her Father In South Sudan

According to the claims of a children's charity, the 3000 people that the largest social media platform in the world Facebook has reportedly hired could not prevent a father to use the platform to call for an auction of his teenage daughter for marriage and then marrying her off based on bids he...
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