trade

Walmart CEO Doug McMillon on the future of the retail industry   12 Hours Ago | 08:36 Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMillon said Thursday. “We worry about next spring, next summer, next fall what [...]

Volvo Car Group’s billionaire owner warned of the looming trade war’s adverse effects, saying consumers and automakers such as his will be among those hurt by the dispute involving the US and China. Li Shufu, whose Zhejiang Geely Holding Group Co. owns the Swedish carmaker, said both Volvo and his Chinese Geely brand would be [...]

New Delhi: After clothes and ‘dupattas’, California almonds have emerged as the new product in cross-LoC trade in Jammu and Kashmir that are being used a mode of terror funding, according to the NIA. The NIA has registered a case in this connection and carried out searches on traders at trade facilitation centres at Salamabad [...]

The European Parliament president says he is optimistic that a free-trade deal between the EU and Canada can be signed soon despite last-minute obstacles. Objections by a Belgian region, which opposes the deal, “are for us Europeans to solve”, Martin Schulz said. He was speaking after meetings in Brussels with Canadian Trade Minister Chrystia Freeland [...]

President Barack Obama will meet with a group of business and government leaders on Friday morning to discuss the economic and security benefits of the proposed Trans-Pacific Partnership trade pact, the White House said. “Tomorrow’s discussion is an opportunity for the president to hear directly from a diverse coalition of experts and leaders in their [...]

Brexit means Brexit is the slogan of Theresa May’s new government, but more than a month after the seismic decision to leave the EU, no one knows what Brexit means. Only one thing is sure – unpicking Britain’s membership will be a monumental task requiring years of arduous and painstaking negotiations. “I just can’t imagine [...]

Deputy Chief Minister Manish Sisodia on Wednesday reiterated that the evident delay in relation to a file banning the use of Chinese manjha in the Capital did not occur on part of the Delhi government but at that of Lieutenant-Governor Najeeb Jung’s. The L-G’s office, however, responded with an immediate denial along with details regarding [...]

Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to his proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is an irrational type. If he were to [...]

WASHINGTON – Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to the candidate’s proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is an irrational type. If he [...]

India’s auto trade body has lowered the growth estimate for passenger vehicle sales in the next fiscal year to 11 percent from an earlier forecast of 12 percent, after the government raised taxes on car sales last month. In his annual federal budget, Finance Minister Arun Jaitley imposed a sales levy of up to 4 [...]