Markets
Two cruise ships collide in Mexico, video goes viral
Videos shot by startled passengers and posted on social media showed the noisy, slow-moving accident, which left part of the Glory visibly mangled at the stern. "Carnival Glory was manoeuvring to dock when it made contact with Carnival Legend which was already alongside", a spokesperson said in a statement. [Full Article...]
Tesco Suspends Chinese Supplier After Prisoner Labor Report
The Sunday Times reported that six-year-old Florence Widdicombe, who lives in Mitcham, south London , opened a box of Tesco charity Christmas cards and discovered a desperate message inside one of them. Mr Humphrey told the BBC: "I spent two years in captivity in Shanghai between 2013 and 2015 and my final nine months of captivity was in this very prison in this very cell block where this m... [Full Article...]
China to lower tariffs on hundreds of products in January
Next year, China will implement temporary import tariffs , which are lower than the most-favored-nation tariffs, on over 850 products, said the finance ministry. China's economy is expanding at its weakest rate in almost 30 years and could face more downward pressure next year, but the government has vowed to keep growth within a reasonable range in 2020 and keep policies forward-looking and ef... [Full Article...]
‘Super Saturday’ expected to be biggest shopping day of the year
Painter isn't alone. More than half of holiday shoppers plan to purchase their final gifts this week, according to the NRF. Painter went to Kohl's , Bath and Body, American Eagle, and Dick's Sporting Goods on Saturday. Officials say stores like Kohls will stay open 24 hours today, December 21 through 6 pm on Christmas Eve. The National Retail Federation predicts 147.8 million Americans wi... [Full Article...]
Ripple gets $200 million in Series C funding to grow XRP ecosystem
Although this news is undoubtedly positive for the entire Ripple ecosystem - XRP included - some fear that the cryptocurrency is still subject to bearish pressures. Ripple was the first direct venture capital investment by Digital Ventures , Siam Commercial Bank's fintech-focused venture capital arm, and the first in its portfolio to cross the $1 billion valuation mark. [Full Article...]
Trump says 'formal signing' of China trade pact is being arranged
The two leaders spoke a week after their envoys sealed a "Phase 1" agreement aimed at ending an 18-month trade war that has rattled markets and raised tensions. The US president added that they also discussed North Korea. China announced Thursday a list of USA chemicals that will be exempted from import tariffs, just under a week after Beijing and Washington agreed a trade agreement that a diall... [Full Article...]
Industry needs to come out of 'self doubt' mood, says Finance Minister
Can we do it? Inflation has been under control, macro economic fundamentals absolutely strong, FDI inflow has been strong, foreign exchange reserve is at record high, PSU banks have been professionalised, Sitharaman said. "There hasn't been interference in banks' decision making process by the government. we have given them permission for them to be able to confidently take decisions, but don't ... [Full Article...]
Google to Hire 3,800 Full-time Workers in 2020, India on List
Operations Center in MS is a testament to our state's great workers and pro-growth policies", Sen. "We are excited to continue growing our workforce across the Southeast and are confident that MS will be a great home for Google", says Troy Dickerson, vice president of Google's operations center division. [Full Article...]