Market trends and business perspectives
US President Donald Trump says he has signed a document that will lead to the reimposition of tariffs on aluminum imported from Canada.
Trump made the announcement during a visit to a Whirlpool factory in Clyde, Ohion, according to the Wall Street Journal.
Trump said: “Canada was taking advantage of us, as usual. The aluminum business was being decimated by Canada, very unfair to our jobs and our great aluminum workers.” [Read more…] about Trump to reimpose tariffs on aluminum from Canada
Nintendo, one of the original games companies and still one of the biggest despite the “casual” gaming revolution brought about by smartphones, is reporting an astounding increase in profits.
According to the Financial Times, Nintendo’s net profits “soared by 541 percent” at the height of the coronavirus pandemic and its consequential lockdowns, when most people in most countries stayed home.
Nintendo often suffers from too much demand for its consoles, as it did when its Switch handheld console – which looks rather like a smartphone, as shown in the main image – sold out around the world with many millions still searching for it. [Read more…] about Computer games giant Nintendo’s profits skyrocket by more than 500 per cent
Russia and China are building a “financial alliance” and look set to “ditch” the dollar, according to a report on the Nikkei Asian Review website.
The financial news website reports that the US dollar’s share of trade between Russia and China “fell below 50 percent for the first time on record” in the first quarter of 2020.
The source of the statistic is Russia’s Central Bank and Federal Customs Service, which published figures showing that a relatively low 46 percent of trade transactions between China and Russia were conducted or completed in US dollars. [Read more…] about Russia and China ‘ditch’ dollar and increase use of euro
Automotive giant Daimler Mercedes-Benz says it has introduced a new digitalisation initiative which makes “complex vehicle production completely transparent and maximises its efficiency”.
The new digital ecosystem – dubbed Mercedes-Benz Cars Operations 360, or MO360 – comprises a family of software applications which are connected via shared interfaces and standardized user interfaces.
These applications use real-time data to support the worldwide vehicle production of Mercedes-Benz Cars. [Read more…] about Mercedes introduces digital manufacturing platform for its plants around the world
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