Category: Business and Tech

China drops tariffs on soybeans for some Asian nations

China on Tuesday confirmed it would cut tariffs on goods from five Asian nations, including soybeans, as a brewing trade war with the US could make American beans more costly.

As part of the Asia-Pacific Trade Agreement with neighbours Bangladesh, In…

UK car sector investment collapses on Brexit impact: industry data

Investment in Britain’s automotive sector collapsed by almost half in the first six months of the year, impacted by Brexit uncertainty, industry data showed Tuesday.

The Society of Motor Manufacturers and Traders revealed the news to coincide with it…

UK car sector investment collapses on Brexit impact: industry data

Investment in Britain’s automotive sector collapsed by almost half in the first six months of the year, impacted by Brexit uncertainty, industry data showed Tuesday.

The Society of Motor Manufacturers and Traders revealed the news to coincide with it…

JCDecaux announces deal to buy Australia’s APN Outdoor

French advertising giant JCDecaux said Tuesday it has reached a deal to acquire Australia’s APN Outdoor, a leader in the billboard publicity market, for 714 million euros ($835 million).

Under the terms of the agreement, JCDecaux will pay Aus$6.70 (4…

Mnuchin rebuts reports on new China investment restrictions

US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China.

The reports were widely cited Monday as helping to spark a global stocks…

Asia stocks sink on trade war worries

Fears of a ballooning global trade war sent Asian stocks sharply lower Tuesday, following steep falls on Wall Street amid reports Washington was readying a new phase in its economic confrontation with China.

President Donald Trump has threatened to s…

Uber claims U-turn in bid to restore London licence

Uber claimed Monday to have mended its ways as the ride-hailing app started its appeal against being stripped of its licence to operate in London.

Uber agreed that the city’s transport authority was right to block its renewal last September — but sa…

US restrictions on Chinese investment next front in trade dispute

President Donald Trump this week is due to launch the next phase of his economic confrontation with Beijing, with new restrictions on Chinese investments to clamp down on access to sensitive American technologies.

That could open US firms like Apple …

Harley-Davidson moves some work from US due to tariffs

Harley-Davidson plans to shift some manufacturing of its iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday.

The announcement comes as the 117-year old company is also buffeted by higher steel…

Mnuchin rebuts reports on new China investmernt restrictions

US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China.

The reports were widely cited Monday as helping to spark a global stocks…