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Business

Oct 17, 2019, 09.03 PM IST
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Tesla gets approval to start manufacturing in China

Tesla Inc has managed to secure a place in China's list of approved automotive manufacturers. Tesla's $2 billion factory in the eastern Chinese city of Shanghai would be China's first fully foreign-owned car plant and it can start production now.

Donald Trump says likely won't sign China trade deal until he meets with Xi

US China trade deal saga took another turn as President Trump said he would not sign any deal until he meets Chinese President Xi Jinping. The two leaders are expected to participate in the Asia-Pacific Economic Cooperation.

Brexit paralysis is hurting UK science, warns Indian-origin Nobel scientist Sir Venkatraman Ramakrishnan

Nobel Prize winning biologist Sir Venkatraman Ramakrishnan, who was knighted by Queen Elizabeth II in 2012 for his contribution to science, has repeatedly spoken out against the threat of a no-deal Brexit.

China to remove business restrictions for foreign banks, securities firms: Cabinet

In a key decision taken by a Cabinet meeting chaired by Chinese premier Li Keqiang, it was decided that the country will open its doors for foreign banks, securities companies and fund management firms but won't allow forced tech transfers.

China accounts for nearly half global patent filings: UN

U.N.'s World Intellectual Property Organization has said that China accounted for 1.54 million patent filings last year globally, nearly half of the total global patent filings. The US ranked second with almost 600,000 patent applications.

Huawei's Q3 revenue rises 24.4% despite US pressure

Huawei Technologies is the world’s largest maker of components for 5G networks. Though, smartphones shipments of Huawei have seen a 26% year-on-year growth, the U.S. trade restrictions could soon start affecting its overall business.

Fall in EU firms' debt issuance fuels recession fears

The 28-country EU and the smaller 19-nation euro zone both saw their growth slowing in the second quarter of this year, while industry data and confidence indicators point to a possible further deterioration this quarter, leading to fears of the onset of recession.

EU, UK negotiators closing in on a draft Brexit deal

The new proposals are aimed at clarifying the UK’s suggested customs rules for Northern Ireland, two officials said.

How Amazon.com moved into the business of US elections

More than 40 states now use one or more of Amazon's election offerings, according to a presentation given by an Amazon executive this year.

Inside Deutsche Bank’s brazen scheme to woo China: Gifts, Golf and a $4,254 Wine

Undisclosed documents show that Deutsche Bank’s troubling behaviour in China was far more extensive than the authorities in the United States have publicly alleged.

Boeing’s Board acted after months of mounting pressure

Boeing’s Board acted after months of mounting pressure

Boeing recently announced more than $8 billion in costs tied to the crashes, and its stock price has declined by about 15% since early March.

India, China looking at 'RCEP protocol' to fix trade imbalance

India, China looking at 'RCEP protocol' to fix trade imbalance

Chinese President Xi Jinping's reported assurance to PM Narendra Modi during the second informal summit held on October 11, 12 at Mamallapuram.

Partial US-China trade deal only 'baby step' as thorny issues remain

Partial US-China trade deal only 'baby step' as thorny issues remain

The 18-month trade spat is finally broken. But the thornier issues have been left for later.

US suspends October tariff hike on Chinese imports after partial trade deal

US suspends October tariff hike on Chinese imports after partial trade deal

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products as the world's two biggest economies reached a cease-fire in their 15-month trade war. The White House said the two sides made some progress on the thornier issues, including China's lax protection of foreign intellectual property. President Donald Trump announced the trade truce in a White House meeting with the top Chinese negotiator, Vice Premier Liu He. The news followed two days of talks in Washington.

US-China partial trade deal: The main points

US-China partial trade deal: The main points

In 2017, before the trade war started, China imported $19.5 billion of US farm output, falling to just over $9 billion in 2018.

Non-US banks have $1.4 tn at risk in the event of a shock: IMF

Non-US banks have $1.4 tn at risk in the event of a shock: IMF

The report called on governments to install buffers to protect against this situation, which could amplify shocks and spread to their economies.

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