Visitors look at a display of smartphones from Chinese technology firm Huawei at the Consumer Electronics Show in Shanghai on Tuesday. Associated Press
World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico.
President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminium imports from Canada and Mexico that had created friction between the neighbors and blocked a new North American free trade agreement.
Amid rising fears over US-Chinese trade tensions and mounting tariffs, President Donald Trump has said that firms could easily avoid additional costs by producing goods in the United States.
The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first EXPO, in 2020,
Japan’s Subaru Corp, long a laggard in electrification, plans to go greener with a target to get at least 40 per cent of its global sales from full-electric or hybrid vehicles by 2030.
India’s economic slowdown stifles demand of thermal coal imports from key industrial consumers. Country’s thermal coal imports have dropped for three months running, their longest sustained fall in over two years.