U.S. technology giants, facing tighter content rules in China and the threat of a trade war, are targeting an easier way into the world’s second largest economy – artificial intelligence.
Who’s afraid of the big bad trade war? Not world stock markets it seems.
New U.S. tariffs on Chinese imports represent an unfortunate escalation of global trade tensions and are the wrong method to force Beijing to reform, the European Union’s trade chief said on Tuesday.
EU antitrust regulators are investigating whether BMW , Daimler and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers.
The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will use Alphabet’s Google Android operating system in future vehicles – handing a victory to the U.S. tech giant which seeks to carve out a bigger share of the infotainment market.
Shares in Dutch digital mapping company TomTom lost over a quarter of their value on Tuesday, as carmakers Renault, Nissan and Mitshubishi announced a partnership with rival Google.
The company is expanding a test of a unique idea. …read more […]
Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules.
China’s yuan currency inched lower on Tuesday after U.S. President Donald Trump said Washington will impose duties on an extra $200 billion worth of Chinese imports, drawing a sharp rebuke and warning from Beijing that it will be forced to retaliate. A rally in infrastructure stocks supported the broader market, with some investors betting that China will step up investment in roads and bridges to offset the impact of the latest tariff salvo from Trump, much of which has already been priced in by the markets. Trump on Monday imposed 10 percent tariffs on about $200 billion worth …read more […]
Discount supermarket chain Aldi Inc [ALDIEI.UL] said on Tuesday that it was expanding its Instacart grocery delivery tie-up to 35 U.S. states from four cities in time for the start of the all-important holiday spending season.
Buffett’s 2008 financial crisis investing strategy has paid off. …read more […]
Who’s afraid of the big bad trade war? Not world stock markets it seems.
BEIJING/WASHINGTON (Reuters) – China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action. The brief statement gave no details on China’s plans, but foreign ministry spokesman Geng Shuang told a daily …read more […]
China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys.
BEIJING/WASHINGTON (Reuters) – China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action. Foreign Ministry spokesman Geng Shuang told a daily news briefing later that the U.S. steps had brought “new …read more […]
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