US-China Trade War: America to Expect Inflation Caused by Raised Tariffs

  The US-China trade war is rubbing off on the businesses and citizens of both countries involved as Americans are beginning to worry about how the trade war could affect them. BBC World Service economics correspondent, Andrew Walker compiled series…
Several Banks Have Been Fined More Than €1 Billion for Currency Rigging
The European Commission has fined five banks with a $1.1 billion fine for rigging the foreign exchange market. Barclays, RBS, Citigroup, JP Morgan, and MUFG are facing fines, while UBS won’t suffer financial penalties, since it alerted the European Commission…
China will implement more tariffs
Tit-for-tat escalates China announced on Friday that it will implement up to 25 percent tariffs on $60 billion worth of US goods if President Trump follows through with his plan of taxing $200 billion worth of Chinese goods. The move…
BMW to increase prices due to tariffs
Tariffs continue to impact companies BMW announced over the weekend that it is raising the price of its SUVs in China because of the steep cost of tariffs on US imports. The two SUVs that will be affected are the…
Stock markets on the up-and-up
The stock market is currently thriving The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed at brilliant levels on Friday. The Dow reached 25,000 points, its highest in the past 30 days. Secondly, the S&P 500 hit…
Libya oil field halts production after kidnapping
OPEC continues to struggle with oil production Several workers were abducted from the Sharara oil field, Libya’s biggest, so authorities evacuated many employees and shut down most of the field on Sunday. According to the National Oil Corporation, the oil…