China-U.S. Trade War effects Tourist industry
Beijing – The Sino-US trade war and a weaker yuan have put a damper on outbound travel from China, as Chinese travelers turn towards domestic travel or more value-for-money destinations in South-east Asia. Guangdong Qiyouji International Travel Service’s marketing and … Continue reading China-U.S. Trade War effects Tourist industry
Nio tumbles to record low after sales disappoint
Shanghai/New York – U.S.-listed shares of Tesla rival Nio Inc (NIO.N) tumbled 25% after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies … Continue reading Nio tumbles to record low after sales disappoint
WeWork’s CEO Neumann to step down
New York – WeWork co-founder Adam Neumann has agreed to resign as chief executive of the U.S. office-sharing company but will remain as non-executive chairman, bowing to pressure from some of his investors, people familiar with the matter said on … Continue reading WeWork’s CEO Neumann to step down
China cancels U.S. farm visits
Washington – A U.S. – China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington. Chinese officials were … Continue reading China cancels U.S. farm visits
Japan and US agree on trade deal
Washington/Tokyo – U.S. President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariffs would not be slapped on vital auto exports. … Continue reading Japan and US agree on trade deal