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...

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...

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...

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...

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...

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...

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),...

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...

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...

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...

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...