'No one can take us down,' China's state-run media claims as trade war heats up

Chinas staterun media outlets sounded a confident tone in Monday editorials and warned that U.S. trade pressure against the country would not only strain bilateral relations between the two nations but could negatively affect the American economy and wider global markets. Those reactions followed the latest round of mutual tariffs targeting U.S. and Chinese goods taking [read more]

Risk is rising that all of imports from China could be hit with US tariffs, Goldman Sachs says

With the worlds two largest economies opening a new front in their multibillion dollar bilateral trade dispute the risk has risen sharply that the U.S. will eventually slap tariffs on all imports from China Goldman Sachs said on Sunday. President Donald Trump ordered a new raft of surcharges on around $200 billion worth of Chinese goods last week with China retaliating [read more]

Apple's iPhone XS and XS Max go on sale globally

Apples iPhone XS and XS Max went on sale on Friday with the traditionally long queues outside stores missing in some flagship locations. Outside Apples flagship London store on Regent Street about 25 people queued up as of around 6 a.m. local time. Some people were queuing up from 7.30 p.m. London time on Thursday. Outside the Orchard Road Apple store in Singapore the story was very different. Photos posted on [read more]

Japan's Prime Minister Abe wins party vote, on track for extended term

Prime Minister Shinzo Abe won a ruling party leadership vote on Thursday setting him on track to become Japans longestserving premier and try to cement his legacy including by revising the pacifist constitution.Abe who surged back to power in 2012 promising to reboot the economy and strengthen defence defeated former defence minister Shigeru Ishiba in the election for Liberal Democratic Party chief winning 553 votes to Ishibas [read more]

Amazon is considering opening as many as 3,000 cashierless stores by 2021, report says

Amazon is considering opening 3000 of its cashierless stores by 2021 Bloomberg said in a report on Wednesday based on conversations with people familiar with the matter. The ecommerce giants push into retail would threaten the likes of convenience stores and fastfood chains across the U.S. selling items for customers in a pinch for time. Amazon currently has three locations known as Amazon Go open in Seattle where Amazon is [read more]

China hits back: It will impose tariffs on $60 billion worth of US goods effective Sept. 24

China said it will institute new tariffs on U.S. goods worth $60 billion on Sept. 24 according to a Reuters report. The media outlet said the Asian countrys tariff rate on a list of 5207 U.S. products will range between 5 percent and 10 percent. On Monday President Donald Trumps administration announced it will impose 10 percent tariffs on about [read more]

Microsoft is upping its A.I. battle with Salesforce

Microsoft on Tuesday announced new easytouse cloud services that draw on artificial intelligence to help with certain kinds of work namely customer service and marketing. The move could help Microsofts Dynamics cloud business software become more competitive with Salesforce which has begun offering premium AI features for its services. Amazon Google and other companies are also making strides in these two areas. Microsoft introduced Dynamics 365 AI for Customer Service and Dynamics 365 [read more]

Amazon plans to release at least 8 new Alexa-powered devices, including a microwave, an amplifier, and an in-car gadget

Amazon is doubling down on its Alexapowered devices with plans to release at least 8 new voicecontrolled hardware devices before the end of the year CNBC has learned. The devices include among others a microwave oven an amplifier a receiver a subwoofer and an incar gadget people familiar with the matter said. All of the devices will be Alexaenabled meaning they can easily connect to the voice assistant. Some of the devices [read more]

Amazon launches 'Storefronts' as it promotes smaller US businesses

Amazon has opened an online store where shoppers can buy specifically from U.S. small and mediumsize businesses. Unveiled Monday Amazon Storefronts is accessible from the Amazon.com homepage and directs shoppers to nearly 20000 American shops across the 50 states. Online customers can search for goods through 25 product categories such as back to school home kitchen pet supplies and books. Amazon vice president Nicholas Denissen said the [read more]