Trade War

New research from Gartner suggests that worldwide semiconductor revenue fell by 12% in 2019 compared to 2018, totalling $419.1 billion. The decline was helped by an oversupply in DRAM and the U.S.-China trade war distorted sales throughout the year creating “additional headwind to revenue growth”. Turmoil in the market also…

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Rural America had already been facing a slogging economy during President Donald Trump’s trade war and just as the war was ending, the coronavirus pandemic came to American shores. Kenneth Johnson, a senior demographer at the Carsey School, looked into the demographics of the age and death rate within each…

The high-level executive was appointed to help the Chinese tech giant "navigate industry challenges and deliver fast, reliable internet connections to millions of households across the UK", a Huawei spokesperson said in a statement seen by Sputnik.Huawei Technologies has appointed Sir Michael Rake, former president of the Confederation of British…

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WASHINGTON (AP) — By the time President Donald Trump first spoke publicly about the coronavirus, it may already have been too late. Interviewed at Davos, a gathering of global elites in the Swiss Alps, the president on Jan. 22 played down the threat posed by the respiratory virus from China,…

Business U.S. electric vehicle maker Tesla Inc said on Friday it has started China sales of two lower-priced Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not subject to import tax. Tesla China-made Model 3 vehicles…

Recessions characterized by a sharp deceleration in economic growth are often followed by a sharp acceleration. Hence, the origin of the nomenclature a “V-shaped recovery.”Given the sudden, severe and exogenous nature of the current downturn, the onset of which will likely be dated to March 2020, economists were initially expecting…

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SINGAPORE (April 3, 2020) – Thailand’s export-and-tourism-dependent economy, already weakened by the US-China trade war, was dealt a further blow by the Covid-19 outbreak. The nation’s 50 richest on the 2020 Forbes Thailand Rich List saw $28 billion erased from their combined wealth, which declined 18% to a total of…