US threatens 100% tariffs on US$2.4 billion of French goods over digital tax

WASHINGTON (AFP) - The United States on Monday (Dec 2) threatened to impose tariffs of up to 100 per cent on US$2.4 billion (S$3.3 billion) in French goods in retaliation for a digital services tax it says is discriminatory. The French products affected could include champagne, handbags and cheese.PHOTO: EPA-EFE French sparkling wine, yogurt and … Continue reading US threatens 100% tariffs on US$2.4 billion of French goods over digital tax

Amazon removes products showing images of Auschwitz after criticism

NEW YORK (NYTIMES) - Amazon on Sunday (Dec 1) removed from its marketplace holiday ornaments, a bottle opener and other products displaying images of the Nazi concentration camp Auschwitz after the Auschwitz-Birkenau Memorial and Museum in Poland shared images of the products on social media, prompting widespread outrage. According to Amazon's policy on offensive and … Continue reading Amazon removes products showing images of Auschwitz after criticism

Nigeria’s GDP grows by 2.28 percent in the third quarter of the year – NBS

Nigeria’s Gross Domestic Product (GDP) grew by 2.28%(year-on-year), in real terms, in the third quarter of 2019, says the National Bureau of Statistics, NBS. The NBS, in its report on Friday said compared to the third quarter of 2018 which recorded a growth of 1.81%, the real GDP growth rate observed in the third quarter … Continue reading Nigeria’s GDP grows by 2.28 percent in the third quarter of the year – NBS

US to extend licence for its companies to continue business with Huawei: Sources

WASHINGTON (REUTERS) - The Trump administration is set to issue a two-week extension of a licence allowing US companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said. Huawei is the world's biggest maker of telecom network equipment.PHOTO: DPA The extension of around two weeks is far … Continue reading US to extend licence for its companies to continue business with Huawei: Sources

Amazon alleges ‘bias’ in Pentagon awarding US$10 billion contract to Microsoft

SAN FRANCISCO (AFP) - Amazon on Thursday (Nov 14) challenged the awarding of a US$10 billion (S$13.6 billion) Pentagon cloud computing contract to Microsoft, alleging "unmistakable bias" in the process. Amazon was considered the lead contender to provide technology for the Joint Enterprise Defence Infrastructure programme, with its Amazon Web Services dominating the cloud computing … Continue reading Amazon alleges ‘bias’ in Pentagon awarding US$10 billion contract to Microsoft

Walmart raises earnings forecast, expects strong holiday sales

WASHINGTON (Reuters) - Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries. FILE PHOTO: Walmart's logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File … Continue reading Walmart raises earnings forecast, expects strong holiday sales

Dollar rises to near one-month highs as data disappoint

LONDON (Reuters) - The dollar recovered from earlier lows as weak economic data and concern about whether Beijing and Washington will reach a trade deal burnished its appeal as a safe haven. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January … Continue reading Dollar rises to near one-month highs as data disappoint

Unilever appoints Andersen as new chairman

(Reuters) Unilever UNc.AS on Wednesday named non-executive director Nils Andersen as its new chairman, appointing an executive with deep experience across consumer goods and logistics industries to help the Dove soap maker navigate a dip in emerging market sales growth and fix its foods business. FILE PHOTO: The logo of Unilever is seen at the … Continue reading Unilever appoints Andersen as new chairman

Chinese importers buy U.S. soybean cargoes despite ports congestion

BEIJING/CHICAGO (Reuters) Chinese commercial importers made new purchases of U.S. soybeans this week, according to two sources, even as up to 2 million tonnes of American cargoes were waiting to offload at ports in China as its stockpiler looked for storage room. Chinese commercial crushers have bought up to 7 cargoes of American soybeans this … Continue reading Chinese importers buy U.S. soybean cargoes despite ports congestion

Kiwi takes flight as New Zealand’s central bank surprises by standing pat

SINGAPORE (Reuters) The New Zealand dollar soared 1% on Wednesday after the country’s central bank unexpectedly left interest rates on hold, while most other currencies trod water. FILE PHOTO: A New Zealand Dollar note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration “It’s flying. Massive surprise,” said Imre Speizer, head of New … Continue reading Kiwi takes flight as New Zealand’s central bank surprises by standing pat

Alibaba-backed EV startup XPeng says raises $400 million for growth

HONG KONG/BEIJING (Reuters) Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, said on Wednesday it has raised $400 million from investors including Xiaomi Corp to fund its growth. FILE PHOTO: A staff member of Xpeng Motors stands next to the charging station at company's booth during the media day for Shanghai … Continue reading Alibaba-backed EV startup XPeng says raises $400 million for growth

Oil dips as U.S. and China trade deal hopes fade

SINGAPORE (Reuters) Oil prices dipped on Wednesday as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand. FILE PHOTO: An oil pumpjack is seen in La Canada de Urdaneta, Venezuela October 1, 2019. Picture taken October 1, 2019. REUTERS/Jose Nunez U.S. … Continue reading Oil dips as U.S. and China trade deal hopes fade