Category: Biz & Finance
US, China Giants Want Stakes in Deutsche Bank
JPMorgan and the Industrial and Commercial Bank of China (ICBC) are looking to buy stakes in the ailing Deutsche Bank, German magazine Witschafts Woche reported...
US in for Huge Losses from Tariffs on European Cars, EC Warns
The imposition of trade duties on European cars could lead to US losses of $ 13-14 billion, Politico wrote citing a last week’s letter by the European...
Facebook Investors Seek To Topple Zuckerberg
Investors who control $3 billion in the Facebook stock “are trying to topple Mark Zuckerberg as chairman and tear up the company’s governance structure,” Business...
Instagram’s Estimated Value Hit 100B
Instagram, if to evaluate the photo-sharing platform separately from Facebook, now could be over $ 100 billion, Bloomberg says. Facebook acquired Instagram in 2012 for...
Trump opens new front on OPEC
The production of shale oil in the United States in July will set a new record. According to forecasts of the US Energy Information Administration (EIA), oil will...
Netflix PR Chief Sacked for Hysterics and N-word
Netflix CEO Reed Hastings let go Jonathan Friedland, chief communications officer after he on at least two occasions used the N-word, The Hollywood Reporter said....
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the US Supreme Court overturned a 26-year ban on levying online sales tax, satisfying South Dakota’s complaint of an outdated ruling that had made...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...
