Trump Lashes Out at China as Trade Talks Resume; Stocks Fall
President Donald Trump lashed out at China for what he said is its unwillingness to buy American agricultural products and said it continues to “rip off” the U.S., just as the two nations resumed negotiations in Shanghai after a three-month breakup. “China is doing very badly, worst year in 27 — was supposed to start […]
6-Year-Old Korean YouTuber Buys 5-Story Building for $8 Million With Earnings
A six-year-old YouTuber from South Korea is making headlines after buying a five-story property in one of the most affluent neighborhoods in Seoul. Boram, who stars in two YouTube channels, Boram Tube Vlog and Boram Tube ToysReview, has a combined viewership of nearly 32 million subscribers, making her one of the most famous YouTubers in the country. On […]
Jollibee acquires US firm Coffee Bean & Tea Leaf for $350M
A Coffee Bean & Tea Leaf store in Bandar Seri Begawan in Brunei. INQUIRER.net FILE PHOTO MANILA, Philippines – Homegrown fast-food giant Jollibee Foods Corporation (JFC) has bagged its biggest multinational acquisition to date with a US$350-million deal to take over American specialty coffee and tea brand The Coffee Bean & Tea Leaf (CBTL). The […]
China’s debt tops 300% of GDP, now 15% of global total: IIF
(Reuters) – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of […]
More than 50 major companies, from Apple to Nintendo, pull production from China because of the trade war
Throughout the trade war, President Trump has frequently claimed the conflict would force companies to pull their production out of China and move it to the United States. More than a year into it, he’s been proved half-right. More than 50 multinational corporations have announced plans to move manufacturing out of China, or are considering […]
Sriracha maker Huy Fong ordered to pay millions in damages to chili pepper supplier Underwood Ranches
A jury has awarded $23.3 million to a company that for three decades had provided peppers to a California maker of chili sauces, including its popular Sriracha. Huy Fong Foods, Inc. is on the hook for $10 million in punitive damages and another $14.8 million to compensate for two years of financial losses incurred by […]
China’s Losing Control Of Its Crushing Debt Load As Defaults And Missed Payments Skyrocket
The cracks on the surface in China are starting to show… China’s economic slowdown and heavy debt load is affecting everybody in the country – even it’s “jewelry queen”, Zhou Xiaoguang, according to the Wall Street Journal. Zhou, who went from selling trinkets on city streets to taking a seat in China’s parliament and becoming […]
How Artificial Intelligence Is Transforming Business Models
As artificial intelligence re-writes business models, how will its application and adoption revolutionize business and commerce further? Introduction From the production and marketing era to the relationship and intelligence era, business models have been evolving over the centuries. Over the years, the rise of artificial intelligence (AI) has fundamentally transformed the very meaning of ideas, […]
Vietnam’s EU deals imperil Thai trade
Thai exports of cars, computers and electric circuits are at risk from Vietnam’s trade and investment deals with the EU, says the Trade Policy and Strategy Office. Thailand has no free trade agreement (FTA) with the EU, which cut the Generalized System of Preferences for Thailand in 2015, so all Thai export products are subject […]
How Two College Dropouts Made $860 Million Fortune by Age 23
They didn’t complete a single year of college, but Henrique Dubugras, 23, and Pedro Franceschi, 22, have already amassed a veteran’s share of Silicon Valley experience. Now they have the net worth to match. They are the founders and top executives of Brex Inc. a fintech startup recently valued at $2.6 billion, with an unlikely […]