Post Tagged with: "Economics And business"

Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

October 14, 2017 9:00 am
Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America’s top two wireless carriers, a newspaper said Saturday. SoftBank and German group Deutsche Telekom, […]

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Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

October 13, 2017 10:09 pm
Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

French carmaker PSA announced on March 6, 2017, the acquisition of General Motors’ European subsidiary, which includes the Opel and Vauxhall brands, for 1.9 billion GBP Britain’s Vauxhall cars, which was this summer taken over by French automaker PSA, is planning to cut 400 jobs at one of its factories […]

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Russia to link Iran to global payment systems

9:32 pm
Russia to link Iran to global payment systems

Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with global payment systems.   Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with […]

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International Monetary Fund: Saudi Arabia’s economy stagnant as unemployment rises

October 5, 2017 10:38 pm
International Monetary Fund: Saudi Arabia’s economy stagnant as unemployment rises

Investors monitor stock exchange at the Saudi Stock Exchange, or Tadawul. (file photo) The International Monetary Fund (IMF) says Saudi Arabia has a weak economic growth and a rising unemployment level, advising the country to slow down austerity measures it has been adopting in order to curb a huge budget deficit. […]

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US current account deficit reaches $123 billion

September 19, 2017 3:40 pm
US current account deficit reaches $123 billion

Container ships wait to be unloaded at the Port of Oakland, in Oakland, California, on October 26, 2016. (AFP photo) The deficit in the broadest measure of US trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties […]

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High gas prices contribute to US wholesale price hike

September 13, 2017 10:30 pm
High gas prices contribute to US wholesale price hike

Gasoline pumps are wrapped in plastic ahead of the arrival of Hurricane Irma September 9, 2017 in Fort Lauderdale, Florida. (AFP) US producer prices increased in August, manly driven by a jump in the cost of gasoline and there were also signs of a pickup in underlying producer inflation.   […]

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China pushing for electric cars in major market shift

September 10, 2017 10:30 pm
China pushing for electric cars in major market shift

China has the world’s worst air pollution caused by cars that run on fossil fuel. A top Chinese official says the government is pushing ahead a plan to ban cars that run on fossil fuel and is instead encouraging the application of electric vehicles.  Xin Guobin, China’s vice minister of […]

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US trade deficit rises; deficit with China at 1-year high

September 6, 2017 7:00 pm
US trade deficit rises; deficit with China at 1-year high

A container is unloaded from a ship at the Port of Baltimore in Baltimore, Maryland, on October 24, 2016. (AP photo) The US trade deficit increased in July as both exports and imports fell, keeping the US on track to post a larger gap in 2017 compared to last year. […]

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American financial firms raising alarm over US debt ceiling

September 3, 2017 10:30 pm
American financial firms raising alarm over US debt ceiling

A Goldman Sachs sign on the floor of the New York Stock Exchange (NYSE) in New York City on July 18, 2017. (AFP photo) American financial firms are expressing alarm over fears that an increasingly dysfunctional US Congress may fail to reach an agreement to raise the country’s debt ceiling. […]

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Iran discovers huge iron ore reserves in Yazd

September 2, 2017 10:30 pm
Iran discovers huge iron ore reserves in Yazd

A view of Sangan iron ore mine in eastern Iran near the Afghan border Iran has discovered a new iron ore mine in the central city of Yazd, estimated to hold 2 billion tonnes of reserves with iron content of 70 percent, an official says. The reserves were discovered recently […]

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