August 14, 2018

Airbnb cancels Great Wall of China contest following backlash

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Swapna Krishna From engadget The company won’t offer a one-night stay at the landmark after all. Apparently, renting out a priceless ancient cultural relic as a hotel for a night isn’t the best idea. That’s what Airbnb learned after it advertised a contest to spend one night atop the Great Wall of China. After backlash […]

China strikes back against latest US tariffs, targeting another $16 billion worth of imports

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From WN China’s commerce ministry announced on Wednesday it would start imposing a 25% import duties on $16 billion worth of goods from the United States amid the escalating trade feud between the two countries, according to The Washington Post. The latest countermove from Beijing will take effect immediately after Washington imposes tariffs on the […]

Global Travel forecast projects higher travel costs

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By Youri Kemp From Caribbean News Now VIRGINIA, USA — The Global Business Travel Association (GBTA), along with Carlson Wagonlit Travel (CWT), has produced its annual Global Travel forecast for 2019, highlighting several key factors that they estimate will shape the global economic environment for travel in 2019. The report notes first that one of […]

Welcome to pro-plaintiff China

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In a recent turn of events Xiaomi prevailed at the Beijing IP Court in an SEP case brought against it by KPN. The Dutch telecom’s action was being watched by some as a test case – one of just a few we know about where a foreign firm was seeking to enforce an SEP against […]

Mystery as Russia LIQUIDATES almost ALL of its holdings in US Treasury securities

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From Brinkwire The Russian government has sold off the vast majority of its holdings of US Treasury securities for reasons that remain mysterious, in a dramatic move that experts are calling unprecedented. A US Treasury report released on July 18 shows that Russian holdings of Treasury securities declined by 84 per cent between March and […]

Moscow Mystery: where did all its treasuries go?

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By Brian Chappatta From Bloomberg Its American debt holdings have plunged far more than any other nation’s. U.S. bond traders are fixated on Russia this week for a much different reason than most Americans. Just a day after President Donald Trump’s much-maligned meeting in Helsinki with Russian President Vladimir Putin, a monthly report from the […]

The Editor Speaks: Tariffs

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When US President Donald Trump started imposing tariffs it would seem not to matter to us living in the Caribbean. If it creates a trade war let the US fight it out with seemingly the rest of the world. Unfortunately our little country, The Cayman Islands, will be hit and hard. We produce very little […]

Implications for the Caribbean as US imposes tariffs on steel, aluminium

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By Dr Roger Hosein Senior lecturer in Economics, UWI From trinidad & Tobago Guardian The Trump administration imposed tariffs on steel and aluminium imports from Canada, Mexico, and the European Union effective June 1, 2018. The implementation of the tariffs are designed to protect the US steel and aluminium industry from foreign producers that undercut […]

‘Somebody needs their head examined if they think this is good for the American economy’: Businesses are sounding the alarm on Trump’s tariffs

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By Akin Oyedele  From Business Insider Manufacturers in Texas are the latest to warn about the adverse impact of US trade policy on their businesses. “I can’t believe the effect the tariff response has had on the metals trade,” a fabricated-metal producer said in a response edited for the Dallas Federal Reserve’s manufacturing survey. “Somebody […]

China blasts new US tariff threat, warns it will retaliate

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From Newsmax China warned Tuesday it will retaliate against President Donald Trump’s latest tariff threat, fueling fears their escalating dispute could harm global trade and economic growth. The Commerce Ministry criticized Trump’s order to prepare tariffs on $200 billion of Chinese goods as blackmail. In a forcefully worded statement, it said Beijing is ready to […]