Technological innovations – particularly those related to artificial intelligence, big data, and mobility – have ushered in a more generalised breakdown of traditional economic relationships and an erosion of pricing power, says Mohamed A El-Erian.
WASHINGTON: President Donald Trump on Thursday (May 23) for the first time linked a dispute over telecom giant Huawei, which he views as a threat to American security, with a deal to resolve the US-China trade war. "Huawei is something that is very dangerous," Trump told reporters at the White...
LONDON: The United States told some large foreign firms this week they should stop trading jet fuel with Venezuela or face sanctions, according to two industry sources, ratcheting up pressure intended at removing Venezuelan President Nicolas Maduro from power. US State Department officials made ...
U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect approval of Boeing Co's 737 MAX jets to fly in the United States as early as late June, three people with knowledge of the matter said, although there is no firm timetable for...
NEW YORK: US stocks sank further on Thursday (May 23) as bellicose trade rhetoric persisted between Washington and Beijing. Investors also shed tech shares, with sentiment dampened by gloomy economic news out of Europe, although equities finished well off session lows. Meanwhile, the weakness in ...
U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect an ungrounding of Boeing Co's 737 MAX jets in the United States as early as late June, three people familiar with Thursday's briefing said, though there is no firm timetable ...
U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight.
NEW YORK: Oil prices plunged on Thursday (May 23), losing about five per cent as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months. Oil coursed downward with other global markets as concerns grew that the...
WASHINGTON: India has ended all imports of oil from Iran, its ambassador in Washington said on Wednesday (May 23), becoming the latest country to grudgingly comply with threatened US sanctions. India had already sharply decreased its imports from Iran and bought one million tonnes of crude in ...
Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the matter told Reuters.
