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UK Farmers Want Tariffs On Agricultural Imports In Case Of A No-Deal Brexit

British farmers what the government to impose import tariffs on eggs, some dairy products, horticultural products and grains in case of the United Kingdom having to leave the European Union without a trade agreement. This demand was made to the British Prime Minister Boris Johnson by the Britain’s...

Ford Had Disrupted The Auto Industry Long Before Tesla, Its CEO Says

Many view the outspoken CEO of United States based electric car maker to be a great disruptor of the auto industry as it goes through a massive change.   However, during a television interview, Ford CEO Jim Hackett emphasized that biggest industrial disruption of the entire 20th century was...

Slump In Global Crude Sends Norway’s Krone Down To Touch Lowest Since 2008

The trade tensions across the globe have driven down the price of oil throughout the world which has hit Norway’s krone which touched its lowest level since the 2008 financial crisis. This significant drop in the value of the krone now threatens large sections of the Norwegian economy.   The...

Chaos In Financial Market Could Result Due To US Labeling China A Currency Manipulator

The decision of the United States to label China as a currency manipulator would "severely damage international financial order and cause chaos in financial markets", said China's central bank said on Tuesday.   The People's Bank of China (PBOC) said that the decision of Washington to rake...

Trumps’ China Tariff To Hit US Footwear Industry As 70% Of Shoes Comes From China

The escalating trade war between the United States and China has hit the American footwear industry very hard.   A host of consumer goods such as apparel, home textiles like bedding and shoes would be impacted by the most recently announced tariffs by US president Donald Trump of 10 per cent...

South Korea To Be Struck Off Japan’s Trusted Export List As Trade Spat Widens

Japan has decided to carry on with its announcement of removing South Korea from its list of trusted trade partners which threatened to escalate the trade related spat between the two countries that has been brewing since the last few weeks.   This decision of Japan to strike South Korea o...

Chance Of A Shortened Trade Deal Between US And Japan By September: Reports

A quid pro quo trade deal involving agriculture and autos is being worked upon by the United States and Japan which would be agreeable to both US President Donald Trump and Japanese Prime Minister Shinzo Abe such that they sign the agreement during their meeting New York, said reports quoting...

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...
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