Category: Biz & Finance

Supreme Court Let States Tax Online Shopping

On June 21, the US Supreme Court overturned a 26-year ban on levying online sales tax, satisfying South Dakota’s complaint of an outdated ruling that had made...

EU Slams Levies on Levi’s

The tariffs that the European Union has slammed on certain goods from the United States on the night of Friday, June 22, came into force.  The EU reacted to the...

Commerce Dept Exempt Some Companies from Duties

The US Commerce Department announced Wednesday about allowing seven US companies to import steel products without protectionist tariffs (25%), Bloomberg reported. The...

German Carmaker Caught Up in US-China Trade War

Daimler was the first industrial giant to worsen sales outlook amid the flaring trade war between the US and China, Bloomberg reported citing the company’s...

Audi CEO Jailed in Germany

The prosecutor’s office of Munich, Germany, reported the detention of the chief of the car concern Audi Rupert Stadler. The top manager is in pre-trial...

OPEC+ Oil Nations Set To Clinch New Deal

Despite Iran’s statements about plans to veto proposals to increase current oil extraction quotas, the remaining OPEC+ members allow for the possibility of...

Trump Enacting 25% Tariff on China Goods

President Donald Trump said that the 25 percent tariff on $50 billion of Chinese goods was to respond to the actions of China threatening the US economy, despite...

EU Set to Probe and Fine Google for $ 11 Bn

The European Commission is preparing to slap a fine on Google for abusing the promotion of the Android operating system on the market, the resulst of an...

Ma’s Ant Raises $ 14 bn

One of the world’s biggest private companies, Chinese Ant Small and Micro Financial Services Group Co., controlled by billionaire and the founder of Alibaba...

Chinese ZTE to Pay $ 1 bn to Regain Access to US 

The US has reached an agreement with the Chinese telecommunications corporation ZTE to lift restrictions on doing business with US companies, the US Secretary of...