Jollibee Foods Corporation aims to generate 50 percent of its total sales coming from its global enterprises within the next five to seven years, the company’s chief executive told Reuters on Thursday.
Canadian dollar weakened in value as it goes up against the US dollar, while the global oil prices continue to slip away following reports in the increase of US crude inventories last week which added more to the money’s decline.
A huge volume of crude products from Iran is now reportedly en route to China’s northeast Dalian port and is expected to arrive within this month and in early November as Tehran braces itself for the upcoming implementation of Washington’s latest economic sanctions, an Iranian shipping manifest and data revealed on Refinitv Eikon.
Goldman Sachs Group Inc. announced on Thursday its decision to pull out one of its top executives in the upcoming Saudi investment conference next week amidst the mounting pressure from international governing bodies on Riyadh over the unexplained disappearance of journalist Jamal Khashoggi.
The European Union is now setting its eyes to Asia as it looks for support in upholding the global free trade, manage the failing Iranian nuclear deal, as well as mitigating the effects of climate change during the recently-held regional summit on Thursday.
The global price for oil plummeted on Wednesday, with the US crude futures sinking below $70 per barrel, the first in this month, following the increase of the country’s crude stockpiles by 6.5 million barrels, triple that of what analysts had originally forecasted. Meanwhile, exports dropped.
Time will tell if Mark Zuckerberg of Facebook would suffer the same fate as that of Tesla’s Elon Musk when recent news surfaced citing several public funds with holdings in the popular social media site are campaigning for the removal of Zuckerberg as chairman of the network company’s board of directors.
Electric vehicle maker Tesla announced that it has signed a memorandum of agreement on Wednesday to secure a 210-acre (860,000 square meter) plot of land in Shanghai, China. In the newly-purchased site will rise the company’s first Gigafactory outside of the United States, a clear signal that the EV maker is pushing ahead on its global development plans despite the looming effects and threats brought by the on-going China-US trade war.
Tens of thousands of South Korean taxi drivers left their cars on Thursday to go out in the streets of Seoul and nearby areas to vent their anger over the plans to establish a new mobile rideshare service by the country’s top chat app which, according to them, could threaten their only means of living.
The Republican chairman together with the ranking Democrat member of the US Senate Commerce Committee said on Wednesday that they had called on the top US executives of Hyundai Motor Co. and Kia Motors Corp. for questioning and testimony at a Senate hearing on November 14 following the countless reports of engine fire troubles from vehicles made by the two South Korean automakers.
Analysts forecast Australia’s economy to grow steadily over the next couple of years particularly on the country’s booming infrastructure spending coupled with its strong resource exports to its primary trading partner, China. This is despite the fact that the global trade tensions continue to unravel and the nation’s falling house prices have become even more apparent.
Looks like Canada is giving up on hope that the United States will finally put a quick end on the tariffs it imposed on steel and aluminium exports, sources claiming knowledge on the issue said on Thursday, adding that Ottawa is now seeking to impose its own set of quotas and tariffs on imports of several categories of steel from other countries.
High ranking officials from China and the United States are reportedly holding talks to discuss the possible meeting between President Xi Jinping and President Donald Trump at the sidelines of next month’s G20 summit in Argentina, the White House confirmed on Thursday, as the two global economies continue to clash over trade supremacy.