Company News

Volkswagen and Ford Likely to Announce Alliance

By Sarah Lavallee January 16, 2019

Volkswagen AG and Ford Motor Co may soon unveil an alliance to combine forces on commercial vehicles and may soon expand to electric vehicles and self-driving technologies. This move may save billions of dollars for both of the automakers. Ford and Volkswagen will be soon declaring the alliance officially on Detroit auto show. As per […]Continue Reading

Trading News

US Warns German Companies of Sanctions Over Russian Links

By Norma Stanley January 16, 2019

In a long-standing conflict between the United States and Russia, this time German companies will have to face the ire. The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they may face sanctions if they choose to continue with the project. US president Donald Trump has accused […]Continue Reading

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Trump Orders Fast Food after Shutdown Closes White House Kitchen

By Katherine Miller January 16, 2019

The on-going shutdown has affected the lives of many in the United States. The affected persons range from the federal employees to other businesses dependent on the Government. But, it is strange and equally surprising that the shutdown has also affected the United States President. President Trump personally paid for an “all American” feast of […]Continue Reading

Company News

Facebook to Invest $300 Million in Local News

By Adrian Todaro January 16, 2019

After receiving criticisms worldwide for its role in eroding the local news business, Facebook has decided to invest $300 million in this segment over three years. The Company said the investment in time and money would be a significant expansion of a plan to help newsrooms not only in the U.S. but also in abroad […]Continue Reading

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China Still Reluctant to Open its Market to Visa and Master Card

By Teresa Taylor January 16, 2019

After the recent declaration by the Chinese Government of opening up its economy to the foreign players, it can be said that China has not lived up to its promises. The most sought-after sector is still unreachable by foreign players. Foreign companies do not fully penetrate the country’s financial market. However, after a series of […]Continue Reading

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US Subscribers to Pay More for Netflix

By Norma Stanley January 16, 2019

US subscribers will see a rise in its monthly fee subscription by about 13 to 18%. The company spends a lot of its money on expanding beyond US shores and also on original content. After Netflix made this announcement, the shares saw a 6% rise in trading which is on top of the 30% increase […]Continue Reading

Trading News

Pound Steadies After May Loses Brexit Vote

By Katherine Miller January 16, 2019

UK Prime Minister Theresa May suffered a humiliating and historic defeat on the Brexit deal in the House of Commons. Her deal was dismissed by the Member of Parliaments by 230 votes which is considered as the largest defeat suffered by a ruling government in UK’s history. 432 of the MP7s voted and out of […]Continue Reading

Company News

Venezuela’s Maduro to Implement Fresh Ideas to Bring Reforms

By Brian Stanley January 15, 2019

Venezuelan President Nicolas Maduro started his second term in office by delivering a state-of-the-nation speech on Monday and delivered a few fresh ideas to help the increasingly isolated country escape hyperinflationary collapse or a further downward spiral in 2019. His election to the second term was full of criticisms that he had used unfair practices […]Continue Reading

Trading News

US Trade Deficit Grows to Record Level

By Adrian Todaro January 15, 2019

As the ongoing trade negotiations between the United States and China are giving both the parties some positive results, the new data by China may rock the relationship between the two largest economies in the world. China announced on Monday that it has the largest trade surplus with the United States breaking the record of […]Continue Reading

Company News

Poland may Limit Use of Huawei Phones after Chinese Official Arrested for Espionage

By Sarah Lavallee January 15, 2019

A senior government official said on Sunday that Poland could consider banning the use of Huawei products by the public bodies, following the arrest of one Huawei official from China in Poland last week. And the Polish Government also is considering passing legislation to limit the use of particular products if it poses any threat […]Continue Reading