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Business

Aug 20, 2019, 06.41 AM IST
The Economic Times
11,053.906.1
Stock Analysis, IPO, Mutual Funds, Bonds & More
74 per cent of economists in survey see US recession by end of 2021

In February, 77% of the economists expected a recession either this year, next year or in 2021.

U.S. grants Huawei another 90 days to buy from American suppliers: Wilbur Ross

Wilbur Ross said the extension was to aid U.S. customers, many of which operate networks in rural America.

Employees urge Google not to work with US immigration officials

Hundreds of Google employees on Wednesday called on the internet titan to avoid working for US immigration officials until they stop "engaging in human rights abuses." A petition signed by more than 600 "Googlers" as of late afternoon was prompted by word that US Customs and Border Protection (CBP) was preparing to request bids on a massive cloud computing contract.

Donald Trump dismisses worries of recession, says economy is strong

Democratic presidential candidate Beto O'Rourke said he fears Trump is driving the global economy into a recession.

US economists expect recession in 2020 or 2021: Survey

A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday.

U.S. President Trump does not want to do business with China's Huawei

The "temporary general license" will be extended for Huawei for 90 days, Reuters reported, citing two sources familiar with the situation.

How Asia can protect its crazy riches

The desire to invest overseas partly reflects concern about political risk and governance at home.

Signs of recession worry Trump ahead of 2020

The financial markets signalled the possibility of a US recession this week.

General Electric engaged in 'bigger fraud than Enron': Whistleblower

Investigator Harry Markopolos accused GE of using many tricks like Enron did to mislead the investors.

Cathay Pacific Airways chief’s resignation shows China’s power over Hong Kong unrest

The resignation is a sign that China appears willing to put pressure on Hong Kong’s highest-profile businesses to show how serious it is about quelling the unrest.

U.S. set to give Huawei another 90 days to buy from American suppliers: Sources

U.S. President Donald Trump and Chinese President Xi Jinping are expected to discuss Huawei in a call this weekend, one of the sources said.

General Electric a bigger fraud than Enron, alleges report

General Electric a bigger fraud than Enron, alleges report

Harry Markopolos said in a report released on Thursday (local time) that GE was hiding nearly 40 billion dollars of losses in its insurance business.

Cathay Pacific Airways CEO Rupert Hogg resigns as Chinese scrutiny mounts

Cathay Pacific Airways CEO Rupert Hogg resigns as Chinese scrutiny mounts

Cathay Pacific, which has already terminated two pilots for engaging in illegal protests at the behest of the Chinese aviation regulator, named Augustus Tang as its new CEO.

Trump says China talks 'productive'; Beijing vows tariff retaliation

Trump says China talks 'productive'; Beijing vows tariff retaliation

"September, the meeting is still on as I understand it, but I think more importantly than September, we're talking by phone, and we're having very productive talks," Trump said.

Hong Kong unveils $2.4 billion economic support package as protests weigh

Hong Kong unveils $2.4 billion economic support package as protests weigh

Financial Secretary Chan said the measures include subsidies for the underprivileged and business enterprises.

WTO quarterly trade growth indicator drops from May

WTO quarterly trade growth indicator drops from May

It showed growth in global goods trade likely to weaken, with a reading of 95.7. In its previous quarterly report in May, the WTO said that growth was likely to remain weak, with a reading of 96.3.

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